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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
SSL Endeavour says it is targeting ‘significant expansion’ in marine as well as non-marine business with its new wholly-owned subsidiary
The move doubles Castor’s fleet that until now had comprised a single bulker, the panamax Magic P
In addition to the FSRU, the planned liquefied natural gas terminal at Vasilikos Bay, near Limassol, will entail a mooring jetty, a gas pipeline and related infrastructure
Post-panamax is one of 20 that shipowner has earmarked for fitting
One of the key topics on the agenda at Emlo’s Cyprus meeting this autumn will be the European Commission’s Consortia Bloc Exemption, and whether shipping lines should continue to benefit from special treatment when forming alliances, or be subject to the same competition rules as other industries
A decision to support a Shipping Deputy Minister in Cyprus appears to be paying off as the maritime community reports significant expansion. Deputy Minister Natasa Pilides charts one year in office
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