Cyprus

Cyprus gives green light for Aphrodite development plan

Cyprus greenlights the new development plan and also grants an exploitation license for the Aphrodite offshore gas field to a Noble Energy-led consortium, adding that first gas is expected to begin flowing in 2025. The development plan includes the deployment of a newbuild floating production facility at the Aphrodite reservoir.

Cyprus’ shipping sector reaches €1.034 billion in 2018

In light of the Maritime Cyprus Conference, which is taking part in Limassol, Cyprus, President of the Republic Nicos Anastasiades highlights the country’s discoveries of hydrocarbons in Eastern Mediterranean region and adds that the income from the ship management companies in 2018 reached the €1.034 billion.

Cyprus plans to cancel ship initial registration fees

Cyprus plans to abolish ship initial registration fees as part of its efforts to attract competitiveness and attract more ship registrations, Deputy Minister for Shipping Natasa Pilides announced on Friday, during a briefing at the parliamentary committee on transport.

Reminder of restrictions on vessel calls to Northern Cyprus ports

The Republic of Cyprus issued an Order in 1974 declaring the ports of Famagusta, Karavostasi and Kyrenia, in Northern Cyprus, closed to all vessels. This means if a vessel is found to have called to, or drifted into waters of, one of these ports, it can expect to face penalties in next calls to any of the open ports.

Cyprus considers updating its tonnage tax system

Cyprus is thinking of updating its tonnage tax system and its pricing policy for the registration of ships, a project that is in line with its targeted measures to enhance the competitiveness of the Cyprus shipping industry, President Nicos Anastasiades reported.

China-led consortium to build LNG terminal in Cyprus

A consortium comprising of China Petroleum Pipeline Engineering Co Ltd, Aktor S.A. and Metron S.A., Hudong-Zhonghua Shipbuilding Co. Ltd and Wilhelmsen Ship Management Limited, was announced as the preferred bidder for a contract, which sees the construction of an LNG terminal, near Vassiliko Port in Cyprus.

Russian Register extends cooperation with Cyprus

The Russian Maritime Register of Shipping signed a new agreement with the Maritime Administration of Cyprus, expanding the scope of authority delegated to the Russian Maritime Register for the inspection of ships flying the flag of Cyprus. 

Greece, Israel, US, Cyprus to boost energy cooperation

Greece, Israel, Cyprus and the US agreed to boost cooperation in energy, as well as cyber and infrastructure security, Greek Energy Minister Kostis Hatzidakis said, following a meeting among the ministers of the four countries in Athens, Wednesday. 

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