Tag: Cyprus

According to international news, the first FSRU for Cyprous has begun at Cosco Shipyard. The vessel is preparing for trials before departing for the Mediterranean.

The 2023 SAFETY4SEA Limassol Forum successfully concluded on Wednesday 1st of March 2023 at the Columbia Venue Centre of Columbia Plaza, Limassol.

According to Reuters, Cyprus is speaking to other European Union member states to shore up support for the shipping industry hit by sanctions on Russia, its shipping minister said.

Cyprus has suggested automatic renewals of tonnage tax systems in order to halt defections and bolster the shipping industry hit by European sanctions on Russia.

The Cyprus Union of Shipowners (CUS) welcomed the new EU draft rules on the use of renewable and low-carbon fuels in marine transfers and specifically the adoption of the FuelEU Maritime.

The Maritime Cyprus 2022 conference reached its conclusion, after opening its last day exploring the topic “Leveraging digital transformation and innovation for a brighter future in shipping.”

The second day of the Maritime Cyprus 2022 conference built on the momentum initiated on the first day. During the day, panellists discussed incoming changes to the regulatory landscape and its effects on shipping as the industry transitions towards sustainability.

The Cyprus Shipping Deputy Ministry (SDM) launched the “Shipping Limited Liability Company (S.L.L.C.) Law of 2022”. The new legislation aims to simplify the procedures and operating regime of Cypriot shipping companies that own Cyprus ships, while safeguarding the competitiveness of the Cyprus flag in international shipping.

According to Cyprus's President, Nicos Anastasiades, the EU needs to ensure that its Russia sanctions do not negatively impact the bloc or individual member states.

The Deputy Ministry of Shipping of Cyprus aims to attract young people to shipping, by establishing the Committee for the development of maritime culture and the promotion of maritime studies in Cyprus, as well as a 16-member group of young shipping workers, who will act as guides.