Maritime

COVID19: Cyprus shipping proving resilient

Cyprus shipping has proved resilient in the pandemic with the industry aiming to grow at pace in the future harnessed by technology and sustainability, Deputy Minister for shipping Vassilis Demetriades said. Presenting

Cyprus applauds 40% maritime emission cuts by 2030

Cyprus has welcomed new regulations drafted by the IMO’s Marine Environment Protection Committee to drastically reduce greenhouse gas emissions by existing ships once these are implemented in about six months. The target

Cyprus-Greece ferry link one step closer

A Cyprus-Greece passenger ferry link is one step closer to being reinstated after a 20-year absence, as Nicosia announced the tender will be launched in December for the route to operate next

Mediterranean Sea drowning in plastic waste

More than 200,000 tonnes of plastic waste is leaking into the Mediterranean Sea every year destroying the marine environment, a report by the International Union for Conservation of Nature (IUCN) shows. According

Protecting mortgages for Cyprus-flag ships

By Zacharias Kapsis According to the Merchant Shipping Laws of 1963, the main statutes for all matters relating to the registration of ships and related transactions in the Register of Cyprus Ships,

Cyprus revises VAT for yacht leasing scheme

By Zacharias Kapsis The Tax Department has introduced new procedures regarding the leasing from December 23, 2019, onwards of recreational vessel owning companies registered on the VAT Registry. The Interpretative Circular 240

COVID19: Cyprus marinas in choppy seas

The pandemic has taken its toll on the maritime sector as foreign yacht owners are not able to dock their boats at Cyprus marinas due to restrictions on arrivals from high-risk COVID

COVID19: Technology can save Cyprus shipping

The Covid-19 crisis has led to a rapid advance of technology in shipping while experts believe there is a silver lining amid the pandemic. “The Covid-19 crisis has severely impacted the shipping

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