Tag: Cyprus

Port of Limassol in Cyprus is going to be modernized under the Sea Traffic Management in the Eastern Mediterranean (STEAM) project. In fact, STEAM goals to advance and further develop the port, so as to become a worldclass terminal equipped with modern and digital technologies.

Cyprus Chamber of Commerce and Industry (CCCI) recently expressed its concerns on the increased charges at Limassol port, fearing that will have a negative result upon the competitiveness of the shipping  market. For the records, the charges have been applied from 1st of February.

It is already known that majority of key shipping players have issued circulars with recommendations and advice on how the industry, the seafarers and vessels calling ports should act when entering or departing a port. Now, Cyprus, Bahamas, Hong Kong, Liberia and Singapore launched updated circulars. 

Port of Piraeus, Greece will be from now on ferry connected to Limassol, Cyprus. According to the Shipping Deputy Minister of Cyprus, Natasa Pilides, efforts are underway in order the ferry trip to be launched and available by this summer. For the records, the return ferry ticket is estimated to cost around €130 per person, including the port fees.

Columbia Shipmanagement Ltd (CSM) and the Cyprus Marine and Maritime Institute (CMMI) inked a Memorandum of Understanding for the launch of a joint innovation project that will explore the smart field of the shipping industry.

On Thursday, December 2, Cyprus, Greece and Israel inked an Intergovernmental Agreement for the construction of the EastMed natural gas pipeline, a 1,900 kilometer (1,180 mile) subsea pipeline to carry natural gas from the eastern Mediterranean’s rapidly developing gas industry to Europe, with Italy expressing its support for the project by sending a letter of support.

Under EU state aid rules, the EU Commission approved the prolongation of Cyprus' tonnage tax scheme, which applies to ship ownership, ship management and ship chartering activities for the next ten years. Cyprus was the first ever open registry to have a TTS approved by the EU.

The Turkish Cypriot government officially informed that the Gecitkale Airport will from now on be a base for the landing Turkish drones. Those drones are escorting drill ships which are searching for hydrocarbons in the eastern Mediterranean. In light of the situation, a Turkish military drone was delivered to northern Cyprus today, on 16 December.

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.