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Government Of Cyprus News

15 Sep 2015

Cyprus Pledges Support for Shipping

The government of Cyprus will support and bolster growth of the country’s maritime sector, Marios Demetriades, minister of transport, communications and works, said, reports In-Cyprus. “I would like to assure you that the Cyprus government is fully committed to safeguarding the shipping and maritime sector by doing the utmost to guarantee continuous sustainable growth,” Demetriades said. “Our shipping industry has been one of Cyprus’s most successful export services and constitutes a valuable asset,” he said. The industry currently contributes 7% to the island's GDP, and with the launch of a new maritime strategy, Anastasiades believes maritime will "contribute significantly", saying that he is devoted to "safeguarding the sector".

16 Jun 2015

Cyprus Transport Ministry to call for tenders for Limassol Port

The government of Cyprus has changed the legal framework of the Cyprus Ports Authority (CPA), which will allow commercial operations at Limassol port to be privatised. The Cyprus  Ministry of Transport will call for tenders by the end of this week to attract investors for the use of Limassol Port`s commercial activities, announced Minister Marios Demetriades on Monday, who said the aim is to significantly expand port operations and transform Cyprus into a transit hub for port services. Demetriades said he's confident interest will be shown because of the island's close proximity to the Suez Canal, one of the world's busiest shipping traffic routes.

09 Jun 2014

ICS Publishes Annual Review

ICS Chairman, Masamichi Morooka

The International Chamber of Shipping (ICS) has published its latest Annual Review of maritime policy and regulatory developments in advance of its Annual General Meeting. The 2014 Annual Review covers the wide-ranging scope of ICS’s activities as the world’s principal international trade association for ship operators, and can now be downloaded free of charge from the ICS website. Printed copies are being distributed via ICS’s 34 member national shipowners’ associations, which…

21 Jul 2008

Ocean Tankers Awarded Contract

Following a public Government Tender, the company was awarded the Contract last April 21, for (a)  the study and construction of the necessary infrastructure (SPM, subsea pipeline etc, offshore Limassol) and (b) the transportation of about 8 million cubic meters of potable water from Greece to Cyprus by tankers. The Contract provides for the completion of the work per (a) within four months and per (b) within six months from the contract date, ie a total of ten months. The company committed a fleet of six tankers for this pioneering project, which have been and are being thoroughly and suitably cleaned to EU specs and standards,  and duly certified for the transportation of potable water by DNV, an IACS Classification Society.

08 Feb 2007

Cyprus Ready to Accept Bids for 11 LNG Exploration Blocks

Cyprus is ready to launch its first international offshore bidding round for 11 southern exploration blocks for liquefied natural gas (LNG) next week, despite Turkey’s efforts to create tension in the area with war games in an effort to fend off potential bidders for the project. The first round for the submission of applications for tenders for research and hydrocarbon exploitation will begin on February 15 and end on July 16. The whole procedure is expected to be concluded by Autumn. The government of Cyprus has rejected protests by Turkey over the maritime economic zone agreement signed with Lebanon last month to delineate the exploration borders of each country.