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Cyprus is in the ascendancy. It is expanding its offering to shipowners, shipmanagers and charter­ers, predicting growth in the Cyprus-reg­istered fleet and an increase in shipping businesses relocating to Cyprus within the next 24 months. With a new Deputy Min­istry of Shipping and a step towards a true national shipping policy, could Cyprus finally fulfil its potential?

Cyprus aims at perfect pitch for shipping

New status for maritime administration underlines the importance given to the industry

Cyprus Regulation Ship operations

Cyprus' bulker-dominated fleet enjoys new repute

However, the thorny issue of the Turkish ports embargo will have to be settled if the flag is to compete without a severe handicap

Cyprus Dry Bulk The Intelligence

Latest From Cyprus

InterManager to draft quality standard for growing membership

The pervading mentality in third-party shipmanagement has been ‘competition at all cost’. This has harmed the sector in the eyes of its customers. O’Neil is driving a reappraisal of management

Cyprus Germany

StealthGas lands in the black despite Cypriot charterer failure

Nasdaq-listed owner posted a net loss of $700,000 for the fourth quarter of 2020, however the deficit turned into an adjusted net profit of $1.1m after exclusion of non-cash losses booked on two vessel sales and an impairment loss recognised during the quarter

Europe Cyprus

Iran-linked shipowners list little-known ‘East of England’ P&I Club for tanker cover

Numerous attempts have been made to contact East of England management office in Cyprus on the only telephone details provided, a 24-hour emergency number. There was no response to several emails

Middle East and Africa Europe

Cyprus urges global approach to seafarer vaccinations

Cyprus’ shipping deputy minister Vassilios Demetriades tells Lloyd’s List of his fear that the crew change crisis will drag on indefinitely unless the international community goes beyond nice statements and comes up with a practical plan to vaccinate seafarers

Europe International

Castor clinches largest loan to fund growth

Petros Panagiotidis-led Castor said the loan of $15.3m is with a European financial institution

Europe Cyprus

Castor acquires first capesize bulker

The Petros Panagiotidis-led owner said it had agreed a purchase price of $17.5m for the vessel, but only identified it as a capesize built in 2006 in Japan. However, the description matches the 15-year-old, 180,200 dwt Ocean Compass built by the Imabari Shipbuilding Saijo shipyard

Dry Bulk Capes
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