Capt. Eugen Adami, the outgoing President of the Cyprus Shipping Chamber, told officials and delegates at the 26th Annual General Meeting at the “Four Seasons” Hotel, in Limassol, that, with the introduction of specific additional measures related to the lifting of the Turkish embargo on Cyprus ships, the creation of an “Institute of the Sea”
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* Minister sees the need to enhance competitiveness of maritime cluster * The Ministry of Transport, Communications and Works will do its utmost to enhance the competitiveness of the Cyprus flag and its maritime cluster, Minister Marios Demetriades has said, noting that “our shipping product needs rebranding and restructuring. Addressing the Annual General Meeting of
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Ever since Cyprus realised the political, economic and social importance of shipping, as early as 1963, the island’s registry has boomed and today ranks tenth among international merchant fleets – with 1,857 ocean going vessels of a gross tonnage exceeding 21 mln – and is continuously upgrading its services in order to offer a high
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. By Oren Laurent President, Banc De Binary GoDaddy, known for its provocative advertisements as much as for its web hosting services, is now the centre of debate again. This time, the tech firm’s recent IPO has split analyst opinion, with many expressing their strong and opposing convictions about the merits of the company and
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. Marcuard's Market update by GaveKal Dragonomics We are no bulls on the US market. Even if growth remains solid, our view is that US equities will struggle to post yet another year of outperformance given that valuations are already stretched, the Federal Reserve is no longer the easiest central bank in town, and the
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. The annual meeting of the Cyprus Chamber of Shipping was, as expected, a platform for the government to declare its commitment to the maritime sector and the usual promises of reforms and pledges of continued support. Only this year, the government seems to mean it and work is already underway to plan the future
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The benchmark Brent crude recorded its third weekly gain, trading on Friday at just below $57 a barrel, exactly half the price last June when oversupply by OPEC members and US shale gas output started pushing the oil price down. Brent recovered from Wednesday’s 6% intra-day drop as markets gradually started to warm to the
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Offshore driller Noble Corporation (NYSE: NE) has signed up three of its rigs for work in the Middle East, inking a pair of contract extensions and a fresh deal for a previously idle unit worth $179 mln. The rigs David Tinsley and Alan Hay have secured a two-year extension of their contracts from late December
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The recently-renovated Asty hotel, in the quiet Ayios Dhometios area of Nicosia, has won the Trip Advisor “Travellers’ Choice 2015” award from the well-respected travel site, based on reviews and favourable comments by thousands of customers. “Your property belongs to a very exclusive group. This year, less than 1% of all accommodations listed on Trip
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* CTO chief appeals for more funds * Cyprus should return to its traditional markets of Germany and the United Kingdom, without ignoring new arrivals from Russia in recent years and the rise in the number of new tourists from other ‘emerging’ markets, the island’s tourism board chairman Angelos Loizou said. During his first press
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