Mainly, the two partners decided to expand their collaboration given the successful results of the Program, and the future expansion of the Helicon fleet.

In support of the extension, Mr. Michael Papaioannou, the Managing Director of Helikon highlighted

The ShipMoney Program is very well received by our crew members, providing them with a range of remittance options while onboard saving them time and money while in port.

He continued that for the Company, the Program has reduced the costs and provided an advantage to their crewmembers and their families.

ShipMoney offers seafarers the whole control and access to their wages while they are onboard the vessel, including timing and currency of remittances sent home.

Concluding, Stuart Ostrow, President of ShipMoney, commented

It’s been such a pleasure working with Michael and his Team at Helikon. We are excited to extend our relationship with the Company. We are looking forward to introducing some new and innovative services to their crew in the near future.