* Markit Construction PMI funds business activity falls for first time in 13 months * September data revealed a difficult month for the UK construction sector, as a sustained drop in new work led to the first reduction in overall business activity since August 2016. Survey respondents attributed the drop in workloads to fragile confidence
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International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 1.1% in 2016. This compares with the 2.4% average fall in costs recorded for 2015. For the second successive year, all categories of expenditure were down on those for the previous 12-month period, most
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The senior management team, customers, partners, government and other state officials and representatives from the island’s shipping industry and business community celebrated the achievements of Fleet Management during a celebration of its tenth anniversary in Cyprus. The highlight of the celebrations was a cocktail party and dinner held at the Hilton Park Nicosia attended by
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A new shallow-draft anchor-handling tug supply (AHTS) vessel designed by Offshore Ship Designers (OSD) has been delivered to Russian inland waterways operator and offshore logistics service provider, Ark Shipping. The AHTS Antarctic, designed in close co-operation with the owner, is partly based on the design of another OSD-designed ship, the Arctic, which was delivered to Ark Shipping in 2012. The
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Cyprus Transport Minister Marios Demetriades said he is satisfied with the efficient operation of the Eurogate container terminal and the multipurpose terminal at the DP World port of Limassol, saying that it has nothing to envy from other European ports. Addressing the general assembly of the Shipping Agents Association, the Minister said that seven months after
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More than 800 delegates are expected to attend this year’s “Maritime Cyprus” conference to be held from next Monday to Wednesday (October 9-11) in Limassol. President Nicos Anastasiades will open the conference, in the presence of International Maritime Organisation Secretary-General Kitack Lim and European Commissioner for Transport Violeta Bulc. Other European officials, shipowners, managing directors of international shipping
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The international shipping community celebrated the World Maritime Day on the last week of September in order to highlight the importance of the shipping industry as the main contributor of world trade as well as to emphasise on issues concerning the protection of the marine environment. This year’s theme was “Connecting Ships, Ports and People”
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The Cyprus Shipping Chamber, noting the increased concerns of its members, and the industry in general, with regards to cyber security threats, decided to develop a guideline document with the intention to create awareness of the threats and provide guidance to its members and industry. Given that there are already a number of available guidance
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The Cyprus Shipping Chamber organised for another year, the three-day Beach Volley Charity Tournament, on September 10, 17 and 24 at the Volleyball Federation courts in Limassol. The amount raised from the event was donated to the charity association "One Dream – One Wish", whose mission is to provide life incentives to children suffering from
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* Lags in macroeconomic stability, financial markets and market size * Cyprus has crawled up 19 places in the World Economic Forum annual Global Competitiveness Report, with the incumbent administration hailing the result as a success of its economic policy and opposition voices shooting it down as not achieving much in the past
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