As Xinhua reports, Cyprus is signed a 290-million-euro agreement with a Chinese-led consortium for the construction of Cyprus’ first liquefied natural gas (LNG) terminal, mainly used for electricity generation.
Cyprus’ Shipping Deputy Ministry issued the Merchant Shipping (Fees and Dues with respect to Ocean Going Commercial Cyprus Ships) Regulations 2019 (Administrative Act 322/2019), which presents the new fees and charges for ocean-going commercial ships, registered in Cyprus, that came into force in September 17, 2019.
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.
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.
On Sunday, Greek Prime Minister urged the US to take place in the tensions between Greece and Cyprus concerning drilling operations in the Eastern Mediterranean, where Cyprus and Turkey are locked in a dispute over offshore rights.
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.
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 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.
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.
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.
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