S.A. MALLIAROUDAKIS MARITIME (UK) LTD.

Description of Software SMM - Voyage Performance is the solution for providing performance analysis and tracking for your entire fleet, offering shore-side managers extensive insight into historical, present and even future performance. It delivers analytics to manage assets more efficiently and improve operational and strategic decision-making. SMM - Voyage Performance is easy to use and provides critical information when you need it. Whether you’ re monitoring in-progress or past voyages, SMM - Voyage Performance provides an integrated set of tools to help you manage your fleet to its full potential. Benefits and Advantages With the software in place, the user can then evaluate the SMM - Voyage Performance against Charter Party terms and provisions. For the SMM - Voyage Performance module, the solver is based on the monitoring and reporting of basic parameters during the voyage, their comparison against reference values under actual conditions,

Being M.R.V. Ready before the Deadline of 31 st August 2017 By S.A. MALLIAROUDAKIS MARITIME ( UK ) LTD . BACKGROUND OF REGULATION As a first step towards cutting greenhouse gas emissions from maritime transport, the EU requires operators of ships exceeding 5,000 GT to monitor and report their carbon emissions and transport work on all voyages to, from and between E.U. ports. M.R.V. APPLICATION All ships exceeding 5,000 GT regardless of their flag, port of registry or home port are concerned, except warships, naval auxiliaries, fish-catching or fish-processing ships, wooden ships of a primitive build, ships not propelled by mechanical means, and government ships used for non-commercial purposes. OUR CONTRIBUTION - TOTAL SERVICES (INCLUDING VERIFICATION) In reference to M.R.V. Compliance, the most urgent part consists of Monitoring Plan with deadline on 31 st August 2017 . At SMM with our long experien

Description of Software The electronic reporting templates (ie. noon reports, COSP, EOSP, Inbound, Inport, Outbound, Stoppage, etc.) ensure seamless input of necessary variables/parameters, providing simultaneously restrictions and guidance for correct and reasonable relevant values (ie. RPM , Speed, Position, Weather Data, etc.). Benefits and Advantages Gains are summarized as follows: Ease of use. Tailored to Company’s Reporting Policy. Good Data Quality of reports. Minimization of human errors to vessel’s reporting due to ship-specific limits and standardization of typing/wording. Easy transmission of reported data for further processing as well as for assessment of Voyage Performance and compliance to new regulations (ie. MRV). Simple generation of automatic email with all the required data for easy reporting to all the concerned parties. Smooth and care free integration of the

Panama Canal Authority issued a Marine Advisory, reminding that vessels must complete the switch (changeover) from heavy fuel oil (residual fuel) to light fuel (distillate fuel) to their propulsion engines, auxiliary engines, boilers and other ancillary equipment, prior to arriving at Panama Canal waters, and also informing on the modifications of the requirement.

The European Investment Bank and Dutch bank ABN Amro will sign an agreement to support investments for greening the European shipping fleet. The framework guarantee agreement will ensure that promoters of sustainable projects in the maritime transport sector can benefit from favourable financial terms, as a result of the EIB’s AAA rating. EIB informs that the facility is open for both retrofitting of existing shipping, as well as for projects that envisage the construction of new vessels with a green innovation aspect. It also applies to both inland shipping and seagoing operators. EIB vice-president, Pim van Ballekom, said the Investment Plan for Europe enabled the creation of a new instrument that helps shipping companies to achieve compliance with the European sustainability standards. EU Commissioner for Transport, Violeta Bulc, said: “Financing the transition to more sustainable transport systems and networks requires a commitment to invest. Today’s agreement dem