This year has certainly been a challenging one for AK-Ships. We successfully managed three distinct dock projects over a span of just seven months, with two of them being managed simultaneously. Operating under tight budgetary constraints and strict delivery times, all while developing new performance enhancement plans and financial models, is a significant undertaking. Nevertheless, this period has profoundly demonstrated our team’s grit and our ability to deliver under pressure.

The push for fuel consumption savings has evolved from a luxury into an absolute necessity. To address this, we’ve formed a strategic partnership with Azra Tech Inc., applying their advanced, ultra-low friction hull coating system. For just one of our vessels, we project savings of approximately USD 300,000 in fuel consumption over its upcoming 30-month operational cycle. This investment ensures long-term efficiency, benefiting both shipowners and charterers alike.

We also recently established our Maritime Operating Holding Account (MOHA). With the introduction of new emissions compliance regulations, the MOHA is designed to streamline compliance procedures, allowing for easier emissions monitoring, allowance transfers, and a direct boost to CII ratings.

To increase the appeal of our third-party ship management services in the region, we have introduced multiple pricing tiers. Our management fees are now competitively positioned, falling between 30% and 60% below the average market price. This dynamic pricing approach aligns with our vision: to cater to our clients’ needs according to their specific strategies, ensuring sustainable results are consistently achieved.

While we are slightly behind schedule regarding our regional expansion plan, I remain extremely optimistic about 2026. We are currently in the process of securing ten new vessels under management, ranging from container vessels to offshore units. Our core strategy remains clear: to build a sustainable operating model that comprehensively addresses the technical and commercial needs of shipowners for the entirety of each vessel’s working cycle.

Youssef El Akkad

Managing Director, AK-Ships

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