3 LMM V I S I O N ISSUE 23 | Q4 2025 Dear colleagues, The last quarter of the year has already come to an end, and we are glad to share with you the Company’s milestones, challenges and achievements of the year. Our Strong and Continuous presence to many Forums, Committees, Conferences and University events continued during Q4 2025, enhancing Company’s extravert culture and gaining knowledge on various technological advancements and staying close to all latest developments. We are glad that Company’s personnel with expertise in specific fields are eager to participate in discussion forums sharing their knowledge and bringing new views in our Company! Namely, Tech-Driven Environmental Excellence Forum, SAP innovation day for Maritime Industry, People Tech Maritime, SIGTTO Workshops on the use of Alternative fuels on gas carriers, YES Forum and 24th Navigator Forum. Leading or participating as per Company’s priorities to Social Responsibility and Accountability initiatives, we are more than happy for all the initiatives such as Blood donations, running for good purpose supporting ELEPAP! Company’s fleet was expanded with the acquisition of the Second-hand MR tanker Odyssean under LMM Technical Management, operating as a third-party Management for VENERGY MARITIME. The Company also successfully completed eight (08) Special Surveys strictly adhering to the timeline, budget and with no safety incidents. Special reference needs to be made to the piracy incident of HELLAS APHRODITE within November 2025 which was one of the most significant challenges our Company has faced. Fortunately, all crew members were safe, and incident was successfully dealt with resulting only in material damage, which has been properly rectified. The proper immediate response of our crew onboard and the effective coordination of all involved personnel ashore reMessage from COO In this issue 04 LMM at a glance 05 Company News 11 Seafarers’ Interview 14 Work Process: The 7-Step Conversation 15 The effect of high nitrogen cargoes on LNG industry 16 Vessel hijacking by pirates in Indian Ocean 18 Crossword sulted in the successful outcome of this significant challenge, which required resilience, adaptability and efficient coordination amongst different parties. December was a month filled with joyful and meaningful events. We celebrated the Sanctification Ceremony in honor of Agiou Nikolaou Name Day and the Company’s Christmas Parties held in Athens, London, and Manila. As every year, we were delighted to host our annual Christmas Dinner in honor of our Seafarers, recognizing their dedication, commitment, and hard work throughout the year. In addition, the Company organized its annual Kids’ Christmas Party, featuring a variety of engaging activities for families. The event also provided a wonderful opportunity to recognize and award students. Following the completion of Q4 2025, the Company successfully conducted its Annual MRM Off-Site Conference on 13 February at Four Seasons Astir Palace in Athens, with the participation of all office personnel. The conference included a comprehensive five-year performance review, evaluating operational results, financial performance, safety metrics, as well as “tough” moments and organizational development. In addition, the Company’s strategic plan for 2026 and the subsequent years was formally presented and discussed. Two additional days were dedicated to indepth departmental presentations, during which each department presented its achievements, addressed current challenges, and defined priorities and action plans for the upcoming period. The key message of this year’s management review was that “Talent wins games… teamwork and intelligence win championships”. I would like to thank all Company’s personnel for their hard work and commitment. We need always to identify areas of improvement, take immediate actions and keep towards improving ourselves. Enjoy reading! EDITORIAL Antonis Georgantzis Chief Operating Officer Cover HELLAS SPARTA and HELLAS DYNASTY STS operations at Balboa Panama
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