Cyprus will start a tender to purchase an FSRU next month at Vasiliko. The tender will also include the acquisition of relevant infrastructure, and aims at increasing the country’s ability to import LNG and use it for electricity generation. This development comes after the Cypriot Energy Minister Giorgos Lakkotrypis submitted an MoU between for the removal of fuel storage facilities at Larnaca to Vasiliko.
Mrs. Natasa Pilides, Shipping Deputy Minister to the President, Republic of Cyprus, talks about Cyprus initiatives in the years to come for a safer and more environmentally friendly shipping and provides recommendations to encourage innovation which is the key for the benefit of both the industry and the society.
Panagiotis Kouroumplis, noted that EU has to find new ways to make shipping industry more attractive. From his side, the Maltese transport minister, Ian Borg, mentioned that there is work happening to examine today’s EU directives that create the administrative burden. Natasa Pilides, Cyprus’s Deputy Minister for Shipping Natasa Pilides, informed that the three discussed about possible measures to enhance cooperation.
The latest sub-regional contingency plan to deal with any oil pollution incident in the Mediterranean Sea has been signed. Namely, Greece, Cyprus, and Israel signed an Implementation Agreement on the Sub-Regional Marine Oil Pollution Contingency Plan, in Nicosia, Cyprus, on 8 May.
The NGO Transport & Environment released a ranking in which it presents the best and worst performing countries in Europe’s attempt to reduce GHG emissions. Germany, Belgium and France are the top performers, while Greece, Cyprus, Italy, Portugal and Croatia are the worst.
The European Commission decided to send letters of formal notice to Cyprus, Greece and Malta for not levying the correct amount of Value-Added Tax on the provision of yachts, as this could generate “major distortions of competition and featured heavily in the coverage of last year’s ‘Paradise Papers’ leaks.”
In its latest issue paper, Oceans Beyond Piracy, touch upon the issue of privately contracted armed maritime security, saying that the use of armed guards as a security solution at sea is characterized by private security companies providing armed protection for assets.
Cyprus and India proceeded to sign a new agreement on merchant shipping, which entered into force last month and replaced a previous agreement between thew two countries, which was signed in the past, on 11 February 1997.
According to the Cypriot Transport Minister, Marios Demetriades, the new under-secretariat for maritime affairs is planned to be located in Limassol, as the majority of the shipping companies are based there.
The Panama Maritime Authority issued a notice last month to warn that vessels cannot enter the Ports of Famagusta, Karavostasi and Kyrenia, as per order by the Republic of Cyprus. The country has taken restrictions in order to uphold and maintain its sovereignty.
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