Cyprus News

03 Nov 2019

WISTA Re-elects Theodosiou as President

Left to Right: Fabiana Simoes Martins, Sanjam Gupta, Alexandra Anagnostis, Despina Panayiotou Theodosiou, Connie Roozen, Angie Hartmann, Naa Densua Aryeetey. Photo: WISTA International

Women’s International Shipping and Trading Association (WISTA) announced that Despina Panayiotou Theodosiou (WISTA Cyprus), CEO of Tototheo Maritime, was re-elected to a second term as President.WISTA International elected Alexandra Anagnostis-Irons, President of Total Marine Solutions (WISTA USA) as Secretary, and Fabiana Simões Martins (WISTA Brazil), as Board Member, to the WISTA International Executive Committee at the 39th WISTA International Annual General Meeting on Grand Cayman on 30 October 2019.Naa Densua Aryeetey (WISTA Ghana)…

20 Oct 2019

Castor Maritime Acquires Third Panamax Bulker

Pic: Castor Maritime

Cyprus-based dry bulk shipping company Castor Maritime has acquired its third Panamax dry bulk carrier for $10.2mln.The global shipping company specializing in the ownership of dry-bulk vessels informed that through a separate wholly-owned subsidiary, it has entered into an agreement to purchase a 2005 Japan built Panamax dry bulk carrier from a third party  in which a family member of Castor’s Chairman, Chief Executive Officer and Chief Financial Officer has an interest.The acquisition…

16 Oct 2019

Crystal Announces Near Term Deployment for Esprit

Crystal Esprit. Pic: Crystal Yacht Cruises

Crystal Yacht Cruises announced the 55-cruise roster of 2022 and early 2023 itineraries for Crystal Esprit.A number of new options punctuate the collection of regionally focused voyages, with dozens of seven- and eight-night options catering to busy travel schedules or easily combined into longer adventures, said a company press release.In addition to exploration of hubs of profound history, featured destinations also capitalize on the 62-guest Crystal Esprit’s adventurous spirit…

24 Sep 2019

U.S. Slaps Sanctions on Firms Moving Venezuelan Oil to Cuba

© Marit / Adobe Stock

The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that is forcing people to line up for gasoline and public transport.Despite tough U.S. measures against Venezuela's state-owned oil company PDVSA in January, Cuba's state-run oil import and export company Cubametales and other Cuba-based entities "have continued to circumvent sanctions by receiving oil shipments from Venezuela…

17 Sep 2019

ChartCo Opens New Office in Greece

Pic: ChartCo

ChartCo, the global provider of digital navigation and compliance solutions, has expanded its global network of offices to Piraeus, Greece to help provide dedicated support for customers in this region for the shipping industries.The global leader in digital navigation services is currently supplying and supporting customers in commercial shipping, offshore, cruising and superyachts all around the world and has a prominent presence of offices in the UK, Europe and Southeast Asia.Over the past decade…

06 Sep 2019

Castor Maritime Buys Korean Built Panamax

Pic: Castor Maritime

Castor Maritime, a global shipping company specializing in the ownership of dry-bulk vessels, announced that through one of its wholly-owned subsidiaries, took delivery of the M/V Magic Sun, a 2001 Korean built Panamax dry bulk carrier, from an unaffiliated seller.The Cyprus-based company said in a press release that the vessel is expected to commence its initial charter with Oldendorff Carriers GMBH & Co KG on or around September 7, 2019.The Magic Sun Initial Charter was fixed at a daily hire rate of $12,000 and has an expected term of minimum eight months up to maximum 12 months.

03 Sep 2019

2 Workers Die on Board Greek Ship in Bangladesh

NGO Shipbreaking Platform said that accident at the shipbreaking beach of Chattogram, Bangladesh killed two and severely injured thirteen. The accident occurred in the afternoon of Saturday 31 August at Ziri Subedar shipbreaking yard. During scrapping operations on the ship CSL VIRGINIA a heavy cable collapsed, hitting several workers at once. Aminul Islam, 35 years old, and Tushar Chakma, 27 years old, lost their lives.Thirteen workers  suffered severe injuries and were taken to Chattogram Medical College Hospital for treatment.

03 Sep 2019

Iranian Tanker Goes Dark off Syria

The Iranian oil tanker Adrian Darya 1, under its former name in a recent photo. CREDIT: MarineTraffic.com

The Iranian oil tanker Adrian Darya 1 at the centre of a dispute between Tehran and Western powers appears to have turned off its transponder in the Mediterranean west of Syria, Refinitiv ship-tracking data showed on Tuesday.The tanker which is loaded with Iranian crude oil, sent its last signal giving its position between Cyprus and Syria sailing north at 15:53 GMT on Monday, the data showed.The vessel, formerly named Grace 1, was detained by British Royal Marine commandos off…

30 Aug 2019

Turkey: Iranian Tanker Headed to Lebanon

File Imade of the former 'Grace 1.'CREDIT: MarineTraffic.com

Turkey said on Friday that an Iranian tanker at the centre of a confrontation between Washington and Tehran was headed to Lebanon after changing course several times, although Beirut said it was not informed of the plan.According to Refinitiv tracking data, the Adrian Darya, formerly called Grace 1, made a U-turn on Friday and headed for Turkey's Iskenderun port - 200 km (124 miles) north of Syria's Baniyas refinery, the tanker's suspected original destination.However, Turkish Foreign Minister Mevlut Cavusoglu said the tanker…

29 Aug 2019

Iranian Tanker Deviates from Turkish Destination

File Image: the former Grace 1 underway (MarineTraffic.com)

Iranian tanker Adrian Darya, at the centre of a dispute between Washington and Tehran, has changed course away from the Turkish coast, Refinitiv ship tracking data showed on Thursday.The tanker, formerly called Grace 1, was released from detention off Gibraltar in mid-August after a five-week standoff over whether it was carrying Iranian oil to Syria in violation of European Union sanctions.A Turkish official told Reuters earlier on Thursday that the Iranian tanker had not entered Turkish waters.

25 Aug 2019

China-led Consortium Bids for Cyprus LNG

Pic: Natural Gas Public Company (DEFA)

The Natural Gas Public Company of Cyprus (DEFA) announced that a Chinese-led consortium has been chosen as the preferred bidder for the construction of a EUR 250 million liquified natural gas (LNG)  import terminal and related infrastructure.The authorities announced that the consortium of JV China Petroleum Pipeline Engineering Co Ltd, AKTOR S.A. and METRON S.A., with Hudong-Zhonghua Shipbuilding Co. Ltd and Wilhelmsen Ship Management Limited has emerged as the preferred bidder…

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 Ships…

06 Aug 2019

Oldendorff Chooses PAS ε-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 ε-ORB (electronic Oil Record Book).Oldendorff Carriers’ 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 discharges…

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.DEFA…

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 Panagiotidis…

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 PrimeServ…

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 part…

18 Jun 2019

Turkey to Launch Second Cyprus Drill Ship

FAith (
© 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 was…

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 populations…

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 €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 2023…

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 months…

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

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