Cyprus News

08 Aug 2019

Cyprus Approves Russian Maritime RS

Image: Russian Maritime Register of Shipping

Russian Maritime Register of Shipping (RS) has signed a new agreement with the Maritime Administration of the Republic of Cyprus (the Cyprus MA).The new agreement extends the scope of the RS authorization by the Cyprus MA. In particular, RS is now authorized to perform surveys of ships flying the flag of the Republic of Cyprus for compliance with the requirements of the International Code for Ships Operating in Polar Waters (Polar Code), Code of Safety for Special Purpose Shipsā€¦

06 Aug 2019

Oldendorff Chooses PAS Īµ-ORB Software

Logo: e-ORB

Cyprus-based maritime technology & marine risk prevention firm Prevention at Sea Ltd has been awarded a contract from Oldenorff Carriers for switching from the traditional paper Oil Record Book to Īµ-ORB (electronic Oil Record Book).Oldendorff Carriersā€™ decision was based on recognition of the burdens arising from the use of the traditional paper version of MARPOL Oil Record Books as well as the complexity and accuracy of recording proper operational entries relating to dischargesā€¦

30 Jul 2019

Klaipedos Nafta Bids for Cyprus LNG

Pic: Klaipedos Nafta

Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) is partnering with the market leaders in the tender procedure for the design, construction and operation of the Cyprus LNG import terminal.The operator of the Klaipėda Oil Terminal submitted the bid alongside consortium partners Samsung C&T, Posco E&C, Mitsui O.S.K. Lines (MOL) and Osaka Gas.If successful, KN will provide long-term operation and maintenance services for this terminal for a period of up to 20 years.DEFAā€¦

30 Jul 2019

Castor Maritime Adds New Vessel

Image: CastorMaritime

Cyprus-based Castor Maritime  announced that on July 25, 2019, it has entered into, through a separate wholly-owned subsidiary, an agreement to purchase Panamax dry bulk carrier from an unaffiliated third party.The global shipping company specializing in the ownership of dry-bulk vessels, said that the 2001 Korean built vessel was bought for a purchase price of $6.7 million.The acquisition is expected to be consummated late third quarter / early fourth quarter of 2019 and is subject to the satisfaction of certain customary closing conditions.Petros Panagiotidisā€¦

29 Jul 2019

VOC Port Sets New Record

Pic: VO Chidambaranar Port

South India's VO Chidambaranar Port created a new record by handling 1,80,597 MT of cargo in a single day on July 27 this year, surpassing the previous single day record of 1,77,639 MT on November 16, 2017.The fourth-largest container terminal in India said in a statement that major cargoes of the day include coal (79,230 MT), containerized cargo (52,200 MT / 2,900 TEUs) and general cargo (49,167 MT).The state-controlled port has also handles highest parcel size of 85,224 MT.

04 Jul 2019

MAN in Global Service Deal with Wallem

Photo: MAN Energy Solutions

German solution provider to the marine and energy sectors, MAN Energy Solutions (MES) has signed a Global Key Account Management contract with Hong Kongbased Wallem Group.The contract covers the supply of spares and services to MAN main engines, generators and turbochargers aboard vessels managed by Wallem, the provider of technology-driven maritime solutions.According to a press release from Augsburg-based MES, the global agreement covers all offices of the Wallem Group and provides access to a dedicated global and local key account manager from MAN PrimeServā€¦

02 Jul 2019

Shipping Firms Drop UK Flag as Brexit Looms

Photo: CMA CGM

Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say.All commercial ships have to be registered, or flagged, with a particular country partly to comply with safety and environmental regulations. Shipping companies in many so-called "flag states" pay corporation tax based on vessel tonnage rather than profit.Britain's ship registry forms partā€¦

18 Jun 2019

Turkey to Launch Second Cyprus Drill Ship

FAith (
Ā© Tayfun Pehlivan / MarineTraffic.com)

Turkey will launch a second drilling vessel on Thursday that will begin natural gas operations near Cyprus at the beginning of July, Turkish Energy Minister Fatih Donmez was quoted as saying on Tuesday.Turkey and the internationally recognized Cypriot government have overlapping claims of jurisdiction for offshore oil and gas research in that part of the Mediterranean, an area thought to be rich in natural gas.Ankara already has a ship, called Fatih, in the region. Donmez wasā€¦

13 Jun 2019

Cyprus Issues Arrest Warrants for Turkey Drill Ship Crew

Cyprus has issued arrest warrants for the crew of a Turkish drill ship anchored close to its coast for allegedly infringing territory over which the island has rights to explore for oil and gas, a foreign ministry official said on Thursday."We can confirm that warrants were issued. It's a double digit number," the Cypriot official said, declining further comment.Turkey said on June 10 that reports of the arrest warrants -- which had at that point not been confirmed by Nicosia -- "crossed the line".The two countries have been at odds since the 1974 ethnic conflict that split the island between its Greek and Turkish Cypriot populationsā€¦

13 Jun 2019

EuroAsia Still on PCI List

Image: EuroAsia Interconnector

The EuroAsia Interconnector, the Israel-Cyprus-Greece electricity link remains on the official list of European projects of common interest (PCI) making it eligible to receive some ā‚¬300 mln in EU grants for the Crete-Attica sector of the cable.The EuroAsia Interconnector remains committed to the timely implementation of the project, as submitted to the European Commission, with the Crete-Attica interconnector commissioned in June 2022 and the Crete-Cyprus Interconnector in December 2023ā€¦

30 Apr 2019

ZEABORN Completes Acquisition of ZEAMARINE

Pic: ZEAMARINE

Watson Farley & Williams advised Bremen-based ZEABORN Group on its acquisition of all outstanding shares in its joint venture ZEAMARINE from partner New Mountain Capital, New York/USA.In May 2018, ZEABORN and Intermarine, a subsidiary of New Mountain Capital, merged their multipurpose and heavylift activities into a global joint venture named ZEAMARINE with offices in Germany, the USA, Denmark, Cyprus, Japan, Belgium, Singapore, Korea, China, Malaysia and Dubai.Now, after the acquisition of all shares, ZEABORN as the sole shareholder continues to focus on its dynamic and strategic expansion.

25 Apr 2019

'ReCaaping' Singapore Strait Q1 2019 Activity

Approximate location of incidents in Singapore Strait (January-April 2019) Photo courtesy of ReCAAP ISC

During January-April 2019, four incidents of unauthorized boarding of ships in locations of close proximity to each other were reported in the western sector of Singapore Strait.All four incidents occurred to tug boats towing barges and dredger while underway in the westbound lane of the Traffic Separation Scheme (TSS). Of the four incidents, two incidents reported loss of scrap metal, and nothing was reported stolen in the other two incidents. The crew was not injured in all four incidents.With the occurrence of four incidents in close proximity to each other within a period of three monthsā€¦

15 Apr 2019

Standard Drilling Sells Four PSVs

Pic: World Wide Supply

New World Supply, where S.D. Standard Drilling (SDSD) has an ownership of 26.2 percent, has completed a sale of its remaining four medium sized platform supply vessels (PSVs).The NWS vessels, "World Diamond", "World Peridot", "World Pearl" and "World Opal , have been in lay-up in Norway since October and November 2016. last year, the company  completed a sale of two of its six medium sized platform supply vessels (PSVs).According to the Cyprus-based company, the transaction is completed and the purchased price has been fully paid for all four vessels.

12 Apr 2019

Belships Acquires Ultramax Bulk Carrier

Image: EGD Shipholdings

Norwegian shipping company Belships ASA has entered into an agreement to acquire a secondhand 63,000 dwt bulk carrier M/V Sofie Victory.The ultramax vessel was built at New Times Shipbuilding, China in 2016.Belships will acquire all shares in the single purpose company Sofie Victory AS, being the owner of M/V Sofie Victory. Sellers are the Bergen, Norway based company EGD Ultra Eco AS (holding 80 per cent of the shares in Sofie Victory AS) and Cyprus based Blossom Shipmanagementā€¦

07 Mar 2019

Guadalquivir Completes Repair of Two Vessels

Photo by Guadalquivir Shipyard (Sevilla)

Guadalquivir Shipyards in Spain has announced that it has undertaken two repairs  at the dry dock of the Seville shipyard last month.The Nassau-flagged reefer ship Green Magic (built in 1990, 135.7 meters in length, 16.33 meters in beam, gross tonnage of 5,103 tons) was required to have her propeller replaced with a new one. She left after three days, said a press release from the company.Cyprus-flagged Vronskiy, a veteran ferry built in 1978 and operated by the Spanish shipping company Trasmediterránea, arrived on February 25.

27 Feb 2019

Iro Gidakou Becomes First female Captain in Cyprus

Pic: WISTA International

The Womenā€™s International Shipping & Trading Association (WISTA International) said that its member at Cyprus chapter Iro Gidakou has officially became Captain. Iro Gidakou, the first Cypriot female to qualify as Captain, said a press release from WISTA Cyprus.It gives us great pride and joy, that  ā€œa lifeā€™s dream has been accomplished,ā€ as Iro described it, said the release."A difficult journey without doubt, Iro has served on commercial vessels since 2008 and has managed to prove that hard work and pursuing your aspirations with passionā€¦

20 Feb 2019

DP World buys back P&O Ferries for $421 mln

File Image: CREDIT P&O

DP World has bought back British ferry and shipping freight operator P&O Ferries for 322 million pounds ($421 million), more than a decade after it sold it.DP World acquired the British shipping and logistics company in 2006 but soon sold off some assets, including P&O Ferries to its major shareholder, state holding company Dubai World.DP World announced on Wednesday it was buying the company, and a spokeswoman later told Reuters it had bought it back from Dubai World.Dubai World was at the heart of the emirateā€™s financial crisis at the turn of the decade and was forced to restructure around $

30 Jan 2019

2,275 Migrants Perish in Mediterranean in 2018

Pic: UNHCR

Six people died each day attempting to cross Mediterranean in 2018, the latest ā€˜Desperate Journeysā€™ report, released by the UN Refugee Agency said.According to the report by United Nations High Commissioner for Refugees (UNHCR), an estimated 2,275 died or went missing crossing the Mediterranean in 2018, despite a major drop in the number of arrivals reaching European shores.In total, 139,300 refugees and migrants arrived in Europe, the lowest number in five years, it said.ā€œSaving lives at sea is not a choiceā€¦

30 Jan 2019

Transport Firms Reviewing UK-registered Ships Ahead of Brexit

Photo courtesy of Stena

Swedenā€™s Stena and Bermuda-registered Stolt-Nielsen are reviewing their UK-registered ships ahead of Britainā€™s departure from the European Union, the two leading transport companies told Reuters separately on Wednesday."In the light of the Brexit process we are considering whether the UK flag can become a possible issue for us when it no longer will be an EU flag post the 29th March 2019, but we have taken no decisions and are reviewing different scenarios," said Ian Hampton, chief people & communications officer and Brexit spokesperson for Stena Line.A spokeswoman for Stolt-Nielsenā€¦

22 Jan 2019

P&O to Re-flag UK ships to Cyprus ahead of Brexit

British ferry and shipping freight operator P&O will re-flag its entire UK registered fleet to Cyprus ahead of Britainā€™s departure from the European Union to keep tax arrangements in the bloc, the company said on Tuesday.Last month P&O said it was re-flagging two of its UK ships operating on the English Channel route to France to the Cyprus registry."In advance of Britain leaving the European Union on March 29, 2019, we undertook a review of the flag status of our ships on the English Channel," a P&O spokesman said in a statement on Tuesday."For operational and accounting reasons, we have concluded that the best course of action is to re-flag all ships to be under the Cyprus flag." Reporting by Jonathan Saul

18 Jan 2019

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

Image: SEA\LNG

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG,  the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the worldā€™s top 25 and all but one of the top ten bunkerā€¦

07 Jan 2019

Chabahar Port Begins Commercial Operations

Pics: Press Information Bureau

Commercial operations began at ndia Ports Global Chabahar Free Zone (IPGCFZ), at Chabahar with the arrival of a vessel after Government of India took over the operations.A Cyprus registered bulk carrier had arrived at Chabahar with 72458 MT of corn cargo. The vessel MV MACHERAS berthed at the terminal at 0130 hrs on 30th December 2018. Thus IPGCFZ carried out its first cargo operation by discharging the imported cargo(ex Brazil) using pneumatic un-loaders.India has written a history with its engagement in Chabahar, claimed a governement release.

27 Dec 2018

Brexit:: P&O Re-flags Two Ships for Tax Reasons

Ā© bluedesign/AdobeStock

British ferry and shipping freight operator P&O is reviewing its UK-registered fleet and is already re-flagging two vessels to keep European Union tax arrangements ahead of Britain's departure from the bloc, the company said.A P&O spokesman said two of its UK ships operating on the English Channel route to France would be re-flagged to Cyprus."The change is being made to preserve the tonnage tax financing arrangements, under which the ships should remain flagged in an EU member state," a statement said.The spokesman added that P&O was reviewing the flag status of its four other ships operating

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