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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?
New status for maritime administration underlines the importance given to the industry
However, the thorny issue of the Turkish ports embargo will have to be settled if the flag is to compete without a severe handicap
As he nears the end of his term, Marios Demetriades is proud of the growth seen in the island’s maritime cluster
Latest From Cyprus
Mr Spanakis is expected to continue the conservative growth strategy that has characterised the bank’s first years as a lender
Private placement of convertible debentures and new loan could enable bulker owner to add to fleet of three panamaxes
Securing approval for a full decade will provide stability and certainty for shipping companies choosing the flag or operating in Cyprus, says deputy shipping minister Pilides
Cyprus, Denmark, Estonia, Poland and Sweden are in line with state aid rules, the European Commission finds
Cyprus wants to use LNG imports for gas-fired power generation from 2021. The nation has already shortlisted bidders for LNG supplies
One of the last big personalities in shipping, the Norwegian-born billionaire is selling off stakes in companies and reducing his workload as he reorganises his considerable maritime assets for passing on to his twin daughters
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