ATHENS, GREECE, June 21, 2018 – TEN Ltd. (“TEN”) (NYSE: TNP), a leading diversified crude, product and LNG tanker operator, today announced the pricing of its public offering of its Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares, par value $1.00 per share, liquidation preference $25.00 per share (“Series F Preferred Shares”).

TEN will issue 5,400,000 Series F Preferred Shares at a price to the public of $25.00 per share. Dividends will be payable on the Series F Preferred Shares to July 30, 2028 at a fixed rate equal to 9.50\% per annum and from July 30, 2028, if not redeemed, at a floating rate. In connection with the offering, TEN has granted the underwriters a 30-day option to purchase 810,000 additional Series F Preferred Shares,
which, if exercised in full, would result in total gross proceeds of $155,250,000.

TEN intends to use the net proceeds from the offering for general corporate purposes, which may include making vessel acquisitions and/or strategic investments and preferred share redemptions. Following the offering, TEN intends to file an application to list the Series F Preferred Shares on the New York Stock Exchange.
The offering is expected to close on or about June 28, 2018.

Morgan Stanley, UBS Investment Bank, J.P. Morgan, Citigroup and Credit Suisse are acting as joint bookrunners for the offering. Berenberg Capital Markets LLC, Brock Securities and BNP Paribas are acting as co-managers for the offering.

ABOUT TSAKOS ENERGY NAVIGATION

TEN, founded in 1993, is one of the first and most established public shipping companies in the world today. TEN’s pro forma fleet, including two Aframax tankers under construction, consists of 66 double-hull vessels, constituting a mix of crude tankers, product tankers and LNG carriers, totaling 7.2 million dwt. Of these, 49 vessels trade in crude, 13 in products, three are shuttle tankers and two are LNG carriers.

tenn.gr

Hanseatic Capital Management (HCM) has recently been launched by the Schulte Group, a leading German shipping company, acting as the anchor investor. The investment focus of HCM are maritime real assets, specifically merchant vessels.

HCM’s management comprises experts from various industries and backgrounds, who combine a wealth of experience in both the shipping and investment sectors. In joining forces, HCM’s specialists cover all aspects ranging from deal sourcing to acquisition, ship management and operations to vessel disposal. This ensures that all phases relating to the execution of the investment strategy are covered professionally.

The roots of HCM’s anchor investor, the Schulte Group, go back to 1883. The family-owned organisation owns 90 vessels of all types and manages 630 vessels through its ship manager Bernhard Schulte Shipmanagement (BSM), a leading maritime solutions provider with a presence in over 40 locations worldwide.

HCM will concentrate on a commercially balanced employment strategy, which will include both shorter and period charters, depending on the vessel segments.

The first fund to be launched, Hanseatic Fund VCIC Plc, aims to initially raise US$120m. Applying a strong focus on investor protection at all times, its investment goal is on handysize and supramax bulk carriers and feeder-sized container vessels aged between four and 15 years. However, other types of tonnage or different sizes will be considered as well.

Hanseatic Fund VCIC Plc aims for a conservative use of leverage. Given the high operating leverage of shipping, the Fund’s managers aspire to low breakeven points for vessels. It is their intention to distribute dividends to investors on a regular basis.

Hanseatic Fund VCIC Plc will be regulated as an Alternative Investment Fund (AIF) by the Cyprus Securities and Exchange Commission (CySEC) in line with the relevant EU directives. The Fund will be managed by HCM, an authorised AIF manager also regulated by CySEC. EFG Bank (Luxembourg), the international fund and corporate services provider Alter Domus act as the Fund’s independent depositary and administrator respectively.

The units of the Hanseatic Fund VCIC Plc also qualify as an eligible investment for the ‘Scheme for Naturalization of Investors in Cyprus by exception’, issued by the Republic of Cyprus. It therefore offers an investment opportunity in an asset class with great scope for diversification, which previously was not available under this scheme.

 

The Chairman of the Schulte Group, Dr. Heinrich Schulte, underlined his long-term commitment to the Cypriot shipping industry when he met with the President of the Republic of Cyprus, H.E. Mr. Nicos Anastasiades, at the Presidential Palace in Nicosia, on June 11 th, 2018.

Dr. Schulte was accompanied by his son Johann Schulte, Yiannis Sykas, CEO of newly formed Hanseatic Capital Management, and Charis Charilaou, Director of Bernard Schulte (Cyprus) Ltd.

At the meeting, H.E. President Nicos Anastasiades expressed his sincere gratitude towards Dr. Schulte for his invaluable contribution to the country’s shipping industry.

Dr. Schulte first set his foot in Cyprus in 1972 and established Hanseatic Shipping Co, now known as Bernhard Schulte Shipmanagement (BSM), the first shipmanagement company on the island.

He was one of the founders of the Cyprus’ maritime scene and contributed significantly to the development of the shipping sector as an important industry for the country’s economy.

“We recognise the success of BSM in Cyprus would not be possible without the strong support from the country in the past 46 years. We are grateful and honoured,” Dr. Schulte highlighted. Symbolic gifts were exchanged to show gratitude for the contributions from both the country and the Organisation.

As part of the meeting agenda, the delegation took the opportunity to provide an overview of the Group’s latest developments and future outlook. One of the highlight development and major investment in Cyprus this year is the recent launch of Hanseatic Capital Management, a specialised fund manager for maritime real assets.

The delegation also had the chance to exchange views on various current affairs concerning the country with the President of the governing Democratic Rally (DISY) party, Averof Neofytou.

The meeting provided a valuable opportunity for the delegation to communicate directly with the country’s leaders and for the Schulte Group to work hand-in-hand with the Cyprus government to contribute further to Cyprus’ shipping industry.

ATHENS, Greece, June 20, 2018 /PRNewswire/ -- Danaos Corporation (the "Company" or "Danaos") (NYSE: DAC) a leading international owner of containerships, is pleased to announce that it has reached an agreement with certain of its lenders currently holding approximately $2.2 billion of debt maturing on December 31, 2018, that will significantly strengthen the Company's capital structure and result in a debt reduction of approximately $551 million.

Pursuant to a comprehensive debt re-financing agreement ("RA") with certain of its lenders, as well as Danaos Investment Limited as Trustee of the 883 Trust ("DIL"), its largest stockholder, and its manager, Danaos Shipping Co. Ltd., the Company will strengthen its financial position through a significant debt reduction, resetting of financial and certain other covenants in credit facilities, modified interest rates and amortization profiles and an extension of existing debt maturities by approximately five years to December 31, 2023. The closing of the transaction is subject to definitive documentation and certain closing conditions and commitments by the Company and DIL.

Danaos' CEO Dr. John Coustas commented:

"This comprehensive debt re-financing agreement is the culmination of a lengthy negotiation process we have undertaken with our lenders to position Danaos for long-term success. I would like to thank all of our lenders for their support, as well as our financial and legal advisors for their assistance. The Danaos management team looks forward to the completion of this transaction and moving forward as a stronger company."

"Danaos continues to be a leader in the container shipping industry as a result of our intense focus on continuously enhancing our operations and leveraging technical innovation to provide the highest quality service to our customers. Our industry has undergone significant changes during the past few years, and with the improved capital structure contemplated by this agreement, we will be well positioned to take advantage of the growth opportunities in the container sector."

In connection with this debt refinancing, the Company will issue 99,342,271 new shares of Danaos common stock to certain of the Company's lenders, which will represent 47.5\% of the Company's outstanding common stock after giving effect to such issuance and will dilute existing shareholders ratably. 

DIL has made various financial and operational commitments as part of the contemplated refinancing transactions, including a commitment to make a further capital contribution to the Company at completion for which it will receive no additional shares. Danaos Investment Limited, will remain the Company's largest stockholder following completion of the transaction. 

The transactions contemplated by the RA, which are subject to final documentation and other conditions, are expected to be consummated by July 31, 2018. 

The RA and the transactions contemplated thereby were approved by the Company's Board of Directors, upon the recommendation of an independent committee comprised solely of independent and disinterested members of the Company's Board of Directors, which was advised by an independent financial advisor and independent counsel.

The information contained in this press release is for informational purposes only and does not constitute an offer to buy, nor a solicitation of an offer to sell, any securities of the Company, nor does it constitute a solicitation of approval from any persons with respect to the transactions contemplated by the RA or described above.

About Danaos Corporation

Danaos Corporation's fleet of 59 containerships aggregating 352,600 TEUs, including four vessels owned by Gemini Shipholdings Corporation, a joint venture, ranks Danaos among the largest containership charter owners in the world based on total TEU capacity.

SOURCE Danaos Corporation

ANTWERP, Belgium, 13 June 2018 – Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) announces that it has successfully concluded the merger with Gener8 Maritime. The 60.9 million new shares issued to Gener8 shareholders as consideration for the transaction will begin trading today on the NYSE.

Paddy Rodgers, CEO of Euronav, said: “Today marks an important milestone in the continued development of Euronav. Completing this transaction provides the crude tanker market with a global player of substantial size. Increasingly our customers and clients are demanding flexibility and scale solutions to their transportation requirements.

The enlarged operation will allow Euronav to meet these specifications.

I would like to take this opportunity to thank all of the employees of Euronav and Gener8 for their extremely hard work and dedication in completing this complex transaction over the past six months or so. We look forward to integrating the Gener8 vessels into our fleet and continuing to provide our customers with a high quality and safe service.”

The merger creates the leading independent large crude tanker operator in the world including:

 76 operating crude tankers, consisting of 43 VLCCs, 27 Suezmaxes, 2 ULCC, two Panamax tankers and two FSOs under joint venture - representing over 19,4 million DWT in aggregate;

 Balance sheet assets of over USD 4 billion;

 Estimated pro-forma market capitalization of approximately USD 2.0 billion based on Euronav’s closing price of USD 9.10 per share on 11 June 2018;

 Marked-to-market leverage of less than 50\%;

 A liquidity position estimated at more than USD 800 million, including cash on hand and undrawn amounts available under existing credit facilities;

 Tangible economies of scale via pooling arrangements, procurement opportunities, reduced overhead and enhanced access to capital;

 A well-capitalised, highly liquid company for investors wanting to participate in the tanker market;

 Increase of the scale of the Tankers International Pool (a spot market-oriented tanker pool) to 65 VLCCs allowing it to continue to provide the lowest commercial fees as a percentage of revenue in the sector.

Members of Euronav board of directors and executive management will continue to serve in such positions. In connection with the Merger, Mr. Steven Smith, a former Gener8 director, was nominated and elected to serve as an independent director of Euronav at its General Meeting of Shareholders held on May 9, 2018. Effective as of closing, Mr. Smith

About Euronav
Euronav is an independent tanker company engaged in the ocean transportation and storage of crude oil. The Company is headquartered in Antwerp, Belgium, and has offices throughout Europe and Asia. Euronav is listed on Euronext Brussels and on the NYSE under the symbol EURN. Euronav employs its fleet both on the spot and period market. VLCCs on the spot market are traded in the Tankers International pool of which Euronav is one of the major partners. Euronav’s owned and operated fleet consists of 2 ULCC, 43 VLCCs, 27 Suezmaxes (two under construction), 2 Panamaxes and 2 FSO vessels (both owned in 50\%-50\% joint venture). The Company’s vessels mainly fly Belgian, Greek, French and Marshall Island flags. 

Technical Seminar by H.I.M.T. 7 June 2018 at Posidonia Seminar Room 2B

 

Evangelos Boulougouris, 

Reader - Research & KE Proposals Development Direc Mechanical and Aerospace Engineering University of Strathclyde, United Kingdom

 

Anna Apostolopoulou : EU Projects Leader  Piraeus, Marine & Offshore at Lloyd's Register

 

 

Tatiana Eleftheriadou, Associate at Corporate Development Dept of Strategy & Development Division, DESFA .

 

Tatiana Eleftheriadou, Associate at Corporate Development Dept of Strategy & Development Division, DESFA .

Stelios Bikos Head, Commercial Division at DEPA S.A.

Antonis Trakakis, Technical Director, Arista Shipping

Antonis Trakakis, Technical Director, Arista Shipping

Stavros Hatzigrigoris, Managing Director, Maran Gas Maritime Inc.

Doha, Qatar, 12 June 2018 – Nakilat achieved another historical milestone today with the signing of an agreement with Excelerate Energy- USA, to establish a joint-venture company and acquire a 55\% interest in a floating storage regasification unit (FSRU), the first such vessel to join the Nakilat fleet.

Remarking on the strategic importance of this deal, Minister of Energy and Industry and Nakilat Chairman His Excellency Dr. Mohammed Bin Saleh Al Sada said, “This acquisition is pivotal to the State of Qatar, as this is the first FSRU co-owned by a Qatari company, which paves the way for Qatari liquefied natural gas (LNG) to expand its outreach to developing and emerging markets. This will enable Nakilat to widen its international outreach and thus, secure its industry-leading position in the dynamic and competitive LNG market.”

Nakilat Chief Executive Officer Eng. Abdullah Al Sulaiti said: “We are extremely proud to be the first Qatari company to acquire ownership in an FSRU in an effort to maintain our leadership in energy transportation and simultaneously support the country’s position as the top exporter of clean energy worldwide. Excelerate Energy is a well-recognized global leader in floating LNG regasification solutions, and this agreement marks the beginning of our penetration into the FSRU market. This opens up a new business avenue for Nakilat to sustain its long-term growth and development strategies, which in turn will further maximize value and returns for our shareholders. We shall continue to develop in-house capabilities to establish and develop know-how in the management of FSRUs to achieve the company’s vision in becoming a global leader and provider of choice for energy transportation and maritime services.”

FSRUs act as a hub for LNG deliveries, providing an effective solution for delivering clean-burning natural gas to consumers. The FSRU unit has a capacity of 150,900 cubic meters and a peak regasification rate of 745 million cubic feet per day. The vessel is located at Port Qasim in Pakistan, and has received 10.4mt of LNG since it started operations in 2015, out of which 7.8mt were Qatari LNG.

Excelerate Energy’s Managing Director Steven Kobos said: “We are incredibly pleased to be entering into this important foundational relationship with Nakilat.  Excelerate’s FSRUs ensure rapid-to-market and reliable LNG solutions that complement our integrated services along the entire LNG value chain.  In 2017, the FSRU “Exquisite’’ delivered more regasified LNG ashore than any FSRU in history. This offering of the FSRU unit to the joint-venture company along with Nakilat’s expertise and reputation as the world’s largest LNG ship owner will serve the State of Qatar well as they seek access to emerging global LNG markets. We look forward to a successful working relationship with Nakilat and Qatar.”

 

 

About Nakilat

Nakilat is a Qatari LNG transport company providing an essential transportation link in the State of Qatar’s LNG supply chain. Its LNG shipping fleet is the largest in the world, comprising of 69 LNG vessels. Nakilat also owns and manages four large LPG carriers. Nakilat operates the ship repair and construction facilities at Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City via two strategic joint ventures: N-KOM and NDSQ. Nakilat also offers a full range of marine support services to vessels operating in Qatari waters. For more information visit: www.nakilat.com 

About Excelerate Energy

Excelerate Energy L.P. is a US LNG company based in the Woodlands, Texas. It is part of a large privately held US Energy Group that also includes Kaiser Francis Oil Co, an E&P company with production in USA and Canada along with significant midstream assets, and Cactus Drilling Co, the largest private drilling company in the US. Excelerate is the pioneer and market leader in innovative floating LNG solutions, providing integrated services along the entire LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of floating regasification services from FSRU to infrastructure development to LNG supply.

www.excelerateenergy.com

SMART ships will continue to be the driving force for the new decade as technology puts the control and management of shipping onto a new level and there is no stopping this and nor should there be, according to Panos Kirnidis, CEO of Palau International Ship Registry (PISR).

Panos Kirnidis BEng, MSc - CEO of PISR

The registry has been developing its own unique technologies for its fleet and this is one of the reasons it was called the fastest growing registry in the world in 2017. Panos Kirnidis believes there is still some reticence to accept technology by some registries.

“There is no escaping technology in shipping and we believe it is essential that everything we do with shipping comes from technology. We have taken a strong position in supporting increasing use of technology and blending this to work with people in the shipping world. Paper chats and certificates have long gone and everyone needs to adopt a smarter and more accessible way of working because there are real benefits to be gained.”

PISR has been at the forefront of an IT drive and Panos Kirnidis recognises the threats of cyber-security as an even stronger reason to adopt robust and reliable IT systems.

“Rather than shy away from technology and become fearful of increasing hacking and related cyber-crimes, the shipping world need to work together to demonstrate that we have the solutions. Technology is much more than just security for ships: it’s also about operational excellence both for shipping operations and the way in which seafarers behave in everyday work situations. We must not forget that the role of the human in shipping is still very much a part of the world.

“We have a Deficiency Prevention System (DPS) operating through a dedicated department monitoring all Palau ships so they can reduce deficiency and casualty rates. I want to see more technology adopted to ensure the maritime sector remains safety and environmentally compliant. We are not in an age of full autonomous operation – and even when that arrives we will still need seafarers in one capacity or another – but we are on the cusp of sailing into an IT shipping world that will benefit us all and we must grab these opportunities now.”

About Palau International Ship Registry:

The Palau International Ship Registry (PISR), an open registry headquartered in Houston, USA and has its European head office in Athens, Greece. PISR was created by an amendment to the Title 7 of the Republic of Palau National Code in 2010 and was appointed by the Government of the Republic to carry out the day-to-day management of vessels registered to the flag as the Ship Registry Administrator.

• PISR provides full administrative and technical support to the registration of vessels.

• PISR is an active member of both the IMO and ILO and is a member of BIMCO, WCPFC.

• Compact agreement of Free Association (COFA) with USA

The world’s most prestigious shipping trade event has scaled new heights this year with an unprecedented display of the collective might and minds of a gigantic global industry which accounts for nearly 95 percent of international trade.

And as the gates of the Athens Metropolitan Expo closed on Friday evening to bid farewell to the 2,011 exhibiting companies and some 22,000 visitors from 92 countries, the Posidonia Exhibition opens a new chapter in its 50-year-long legacy with an ambition to celebrate a century of achievements in tandem with the expansion and growth of the Greek ocean going merchant marine fleet, which today accounts for 20 percent of the global and 50 percent of Europe’s dwt capacity.

The proof points of the show’s unparalleled appeal and success were evident each of the five days on the exhibition floor and conference facilities of the venue, where a number of business deals were struck and issues and trends of concern to the international maritime industry were debated.

During the Posidonia week, Maran Gas Maritime declared options for a further LNG carrier and its second floating storage and regasification unit (FSRU) at the South Korean yard, Daewoo S&ME. The deal came hard-on-the-heels of another major Ballast Water Treatment System retrofit project for 36 of Angelicoussis Shipping Group’s large vessels, which has gone to Ecochlor. Work will be carried out between 2018-2020 at yards in Singapore, Dubai, Qatar and China, a tangible example of the truly global nature of shipping.

And according to TradeWinds, another Greek shipowner, Nikos Tsakos clinched a mega newbuilding deal for his company Tsakos Energy Navigation for two 115,000-dwt aframaxes at Daehan Shipbuilding of Korea.

The deals galore continued throughout Posidonia 2018; ABB Turbocharging and Multi Marine Services signed an agreement to open a turbo charging service point in the Cypriot port of Limassol; and Airbus signed an MoU with Wilhelmsen to develop an Unmanned Air System (UAS) for the delivery of ship supplies, in a sign of how fast technology has started impacting on shipping operations.

With the eyes of world shipping firmly fixed on Posidonia 2018, many companies chose the event to unveil major initiatives, launch new products and announced important developments, including classification society DNV GL which released its first cyber security class notations to help shipowners and operators protect their assets from hacking incidents. Winterthur Gas announced the inauguration of a training centre in Piraeus and revamped Honduras Registry made its debut at Posidonia 2018 unveiling its agreement to contract the international management of its flag to Panamanian company International MarConsult. Also, Piraeus Port Authority S.A. (PPA) was awarded double certification against ISO 9001:2015 and ISO 14001:2015 by Lloyd’s Register (LR).

Theodore Vokos, Executive Director, Posidonia Exhibitions S.A. said: “The list of new business deals goes on and on as multi-million dollar deals on the Posidonia Exhibition floor is the norm, being the most eagerly awaited trade event in the biennial shipping calendar. This year, on our 50th anniversary, we have witnessed a tremendous response from the global shipping community whose presence and activity helped us deliver the most dynamic Posidonia ever.”

While the commercial aspect of Posidonia has long been acknowledged as one of the world’s most prolific, the event has also grown to be the bellwether of world shipping and this year, a total of 40 seminars and conferences set the global maritime agenda, debating the burning issues of environmental regulations, safety, clean fuel, leadership and digitalisation.

At the traditional Press Conference of the Union of Greek Shipowners on the last day of Posidonia, the Chairman of UGS, Mr Theodore Veniamis, addressed an international audience of journalists to brief them about the state of Greek shipping and the owners’ strong views on a number of issues.

Mr Veniamis was asked to comment on the 2020 global sulphur limit imposed by the International Maritime Organisation, a hot topic for the shipowning community in Greece and internationally.

“The deadline of 2020 was agreed some time ago, back in 2016. We have no issues with the 0.5\% sulphur fuel limit as long as the oil companies can provide the volume that is required and deliver it where it is required once the deadline of March 2020 becomes effective. But today, we have received no commitments that the specs of the new fuel will be compliant, nor have we received guarantees about potential liability and safety issues.

And he continued: “So the oil companies must declare whether the fuel is compliant and safe. For instance, we are told that oil companies will receive ISO Certification in 2023, three years after we are supposed to start using it. We are not asking to cancel the 2020 regulation, we are asking for more time for the providers of fuel and engines to be ready.”

One of Posidonia founders, Mr Themistocles Vokos said: “During the last fifty years, Posidonia has grown to become the undisputed leader in the calendar of shipping events, a beacon that sets the global maritime agenda, a must-attend exhibition and conference at the heart of shipping. It is where policy makers and industry officials table the sector’s issues, debate and discuss developments and exchange views, knowledge and ideas. It is the most internationally recognisable Greek brand and the heartbeat of one of the most critical sectors of world economy and reflects the success and the achievements of the Greek shipping family.”

Posidonia 2020 will be held from June 1 – 5 at the Athens Metropolitan Expo. The event is organised under the auspices of the Ministry of Maritime Affairs & Insular Policy, the Union of Greek Shipowners and the Hellenic Chamber of Shipping and with the support of the Municipality of Piraeus and the Greek Shipping Co-operation Committee.

Vodafone Greece will present modern, innovative Internet of Things (IoT) services that meet the needs of maritime industry and offer unique solutions to key sectors of the "blue economy" at Posidonia 2018, the world's leading sea-going shipping exhibition.

With the strategic goal of providing state-of-the-art technology services to help shipping businesses become more competitive and digitize their operations, Vodafone is expanding its partnership with leading companies from different industries, so as to provide vertically integrated solutions into the market.

Vodafone Greece partners up with SetelHellas, a specialized, and market - established IoT solutions provider for the Maritime Industry. With a broad set of Maritime Apps, Key Performance Indicators (KPI’s), Business Insight and Analytics, Automation and Advanced Communication as an integral part of its sensor-based Performance Monitoring offering; the company’s innovative approach offers remarkable new capabilities and ultimate value in a connected world.

The maritime industry will be able to benefit from this digital technology and services at a monthly fee from Vodafone, as it does for other services already supplied.

Moreover, Vodafone Greece also cooperates with Ericsson and offers a new IoT service that allows all marina management organizations to fully exploit their infrastructure.

More specifically, the new solution offers marina operators an interactive on-line dashboard to control the availability of berths, which, utilizing Ericsson's Internet of Things platform, IoT Accelerator and specialized Artificial Intelligence (AI) image processing algorithms, collects images from security cameras and offers a live digitized visualization of the state of the marina infrastructure.

Thus, each organization automatically knows which yacht enters or leaves the marina and can thus charge its owner for the time spent there, while also being alert of any incident occurring in the area. In this manner, and taking advantage of this system’s capacities, the marina itself will be able to offer new added value services to its customers.

Furthermore, Vodafone Greece is also cooperating with Lalizas, an international leader in marine safety, and provides a new, innovative service that allows fishing boats to track their longline accurately. Today, most fishing boats simply store the point of the longline deployment on their GPS, to meet this need. However, very often a longline drifts off for various reasons, requiring time and fuel consumption to retrieve it.

Through its partnership with Lalizas, Vodafone provides an integrated service with a watertight tracker fixed at the longline, with a special SIM card in it that allows fishermen to know a longline’s actual current location through a simple mobile application.

Ms. Katia Stathaki, Vodafone Greece Enterprise commercial director commented: "The worldwide footprint of Vodafone's networks and the active support of our top partners enable us to commercially offer new, innovative solutions based on the Internet of Things that cover in an integrated manner pressing needs of both the commercial and the seagoing shipping, as well as the ‘blue economy’. We are proud to provide new generation services to greek shipping, which plays a leading role in the international economy and recognizes Vodafone as an innovative provider of the most advanced technologies. Through IoT, one of the cutting edge technologies of the 4th Industrial Revolution, businesses and professionals alike can gain a competitive edge while saving rare resources and precious time."