3 LMM V I S I O N ISSUE 20 | Q1 2025 Dear colleagues, First quarter of the year has already come to an end, and we are glad to share with you the Company’s milestones and achievements of the year. Starting from early January, our Strong and Continuous presence to many Forums, Committees, Conferences and University events continued during Q1 2025, enhancing Company’s extravert culture and gaining knowledge on various technological advancements. 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! Leading or participating as per Company’s priorities to Social Responsibility and Accountability, we are more than happy for all the initiatives such as donations to academies, Blood donations, cleaning of the coasts, running for good purpose. It’s worth to be mentioned a significant milestone for Marla Dry Bulk Shipmanagement INC that took delivery of Newbuilding MARLA CHAMPION from Oshima, Japan. The ceremony took place at Innoshima yard. In addition, Marla trading Inc. took delivery of newly built ship, MTR CHESSMASTER, at Imabari Yard. We are proud for initiatives taken with focus on innovation and efficiency including physical workshops under our cooperation agreement with MAN Energy Solution at our Company’s premises. Q1 2025 Management Review Meeting took place at Company’s premises with the participation of all Company’s Personnel. In conclusion, key highlights of MRM: ●● We need to stick on Company’s procedures and definitions and our analysis to be based on that. ●● Extra focus should be paid to new projects including newbuilding and secondhand vessels, as potential candidates, to be acquired the next months ●● Enhance open communication and access to information amongst everyone in the organization harmonizing good pracMessage from COO In this issue 04 LMM at a glance 05 Company News 09 Seafarers’ Interview 12 Incident Report 13 Concentrated Campaign on Blackout Incidents 16 Intervention at Sea: Empowering Crew for a Safer Shipping Industry 16 Cybersecurity Alert: Maritime Industry Under Targeted Cyber Attacks 18 Crossword tices among departments including methodology analysis in the way that the results presented (same graphs etc.) ●● Develop new procedures related to proper use of AI ●● ETS allowances and FuelEU implementation ●● Number of Cargo Attendances to be increased from Port Captains ●● Safety Culture results to be analyzed in the next quarter ●● Crew availability should be increased in regards to all new coming projects ●● Further analysis on common identified root causes resulting into NM ●● Hong- Kong Convention enters into force on 26th June 2025 and new certificates to be issued ●● Reduce of plastics onboard through the adoption of new practices aim to learn from new industries ●● Avoid Complacency and adopt a Chronic Unease approach ●● GAP analysis on Security procedures due to changes with new BMP ●● Enrich cyber security procedures with new procedure in regards to installation of CCTV cameras Finally, for next quarter we are anticipating for TMSA review Audit from Exxon Mobil. In addition, as per Company’s Annual Internal Audit and Attendance plan manning agents’ visits and Internal Audits have already been planned for next period. While in parallel, we are preparing for 2x second hand vessel MR deliveries as well as for the first 87k LPG and gas trials planned to be delivered in mid July. Furthermore, we have entered into final negotiations for the construction of a series of feeder container. We have a heavy summer ahead with multiple and diverse activities that demand our close focus and attention, and I am certain that we will successfully meet all those! I would like to thank all Company’s personnel for their hard work and commitment. Enjoy reading! EDITORIAL Antonis Georgantzis Chief Operating Officer
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