6 LMM V I S I O N ISSUE 24 | Q1 2026 Marshall Islands Flag honors Marla Last year, MV Marla Bull was involved in a Search and Rescue (SAR) operation in the Mediterranean Sea, approximately 29 nautical miles south of Crete. Following instructions from Olympia Radio under the coordination of MRCC Piraeus, the vessel promptly altered course and proceeded at best safe speed to the designated search area. Upon arrival, the crew identified a rubber boat carrying 27 persons in distress. The rescue operation was immediately initiated, and all individuals were safely recovered onboard. In recognition of this action, Marla was honored by the Marshall Islands Flag on March 18 this year. This distinction recognizes the crew’s actions and our commitment to safety at sea. COMPANY NEWS Pita Cutting YES Forum On January 29th, 2026, the YES Forum held its Pita Cutting event at Athénée, bringing together supporters and members of the maritime community. Christoforos Chrysafis represented our company at this special evening. Chios Marine Club On January 30th, the Chios Marine Club held its Annual Pita Cutting Ceremony at the Grand Hyatt Athens, bringing together members of the maritime community for an evening of celebration and recognition. Management Review Meeting This year’s Management Review Meeting (MRM) took place in a refreshed two‑part format. The first sessions were held at our premises, Hellas Fos, on February 8 & 9, followed by the concluding part on February 13 at the Four Seasons Astir Palace Hotel Athens. This year’s event featured a dedicated session with our Principal, Paris Kasidokostas, who joined our CEO, George Margaronis in a very interesting panel. Moderator of this panel was our Group HR Director, Costas Kalargyros. During this discussion, Mr. Kasidokostas shared valuable insights on our strategy, the direction of our industry, and the heritage of our organisation. As always, all anonymous questions that had been gathered in advance were addressed to the panel and thoughtfully answered. It was a great hearing directly from our Principal about our story, our direction, and the future ahead. A special highlight of this year’s MRM was welcoming Mr Yiannis Dimarakis, Managing Partner of Scotwork, who shared valuable and actionable insights on negotiations. His approach encouraged us to think more strategically about how we communicate, collaborate, and navigate complex discussions. The event fostered transparency, collaboration, and a shared commitment to continuous improvement, reinforcing the strength of our collective efforts as we move forward together.
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