Most vessels registered under the Cyprus flag are under ten years of age, with the four vessels with a tonnage between 120,000 and 129,999 tons under 5 years old and the two largest of a tonnage of over 150,000 tons under ten years. Only 10% of all the vessels were more than 30 years
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. By Dr Andrestinos N. Papadopoulos, Ambassador a.h. The occupation by the Philippines of some islands and reefs of China’s Nansha Islands in the South China Sea since the 1970s is the crux of this dispute between the two countries. Moreover, after the entry into force of the UN Convention on the Law of the
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers We have almost reached the end of the investor selection period for the casino resort. From what we understand, there are two options from potential bidders. The one would be in Limassol, in the greater Fasouri region, the
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. Finance Minister Haris Georghiades will sit in during the first session of the House Finance Committee on Wednesday, basically to drive home the message of urgency that seven outstanding bills delayed by the previous parliament need to be urgently passed. Most refer to necessary and long-overdue reforms, but the most important of all
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Prevention at Sea Ltd, a Cyprus-based maritime compliance technology company, has hooked up with the Liberian Registry to launch an innovative software product designed to replace traditional paper oil record books (ORBs) and to facilitate correct ORB entries into an efficient electronic format, according to www.hellenicshippingnews.com . Liberia’s Electronic Oil Record Book (e-ORB) is the
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Cyprus Shipping Council Vice President Philippos Philis has been re-elected to the International Chamber of Shipping (ICS) Board of Directors, as the representative of the Cyprus shipping industry. ICS held its annual general meeting in Tokyo on June 2-3 attracting a large number of shipowners and shipmanagers’ associations from all over the world. Philis
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. By Oren Laurent President, Banc De Binary On Friday, June 10, bourses took a beating. European shares across the board were subject to massive selloffs, hitting a 4-week low in the process. Leading the charge are concerns about a Brexit and how this will play out for Europe and the world. With increasing uncertainty
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* ‘Cloud’ geared at business, no name-change, despite ownership * Cablenet, the Number 2 provider of triple play services and second biggest broadband provider in Cyprus, plans to introduce mobile service by the end of the year, transforming it into a ‘quad play’ company. With a commendable 8% share in the fixed telephony market,
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By Fergus McCormick • The United Kingdom will hold a referendum on June 23 on whether or not to remain in the European Union. A vote to leave the EU would likely increase financial market volatility, weaken the currency, lower capital inflows, deepen the economic slowdown, and raise questions about Britain’s longstanding relations with Europe.
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By Lukman Otunuga, Research Analyst, FXTM Global stocks swiftly departed from their gains during trading on Thursday as the horrible mixture of mounting Brexit anxieties and elevated concerns over the global economy rapidly eroded risk appetite. Asian markets were already on a slippery decline from the tepid China data which rekindled concerns over slowing economic
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