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Thomas Kazakos News

18 Feb 2024

Shipping Industry Calls for Release of Galaxy Leader Crew

(Photo: Screenshot from video shared by Yemeni Armed Forces)

The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.The roll-on/roll-off vehicle carrier was seized on November 19.“The 25 seafarers who make up the crew of the Galaxy Leader are innocent victims of the ongoing aggression against world shipping…

11 Jan 2024

Cyprus Chamber Sees Significant Impact from Houthis on Shipping

© katatonia / Adobe Stock

Sustained attacks by Yemen's Houthis on vessels using Red Sea shipping lanes could have a "substantial" impact on economies and a knock-on effect on prices, a key Cypriot shipping industry group said on Thursday.Attacks by Houthis have disrupted a vital trade route, particularly of oil, as vessels access the Suez Canal via the Red Sea. Some shipping lines have been forced to divert vessels from the Red Sea to longer routes, threatening supply bottlenecks."Where countries heavily depend on raw materials…

14 Jul 2017

Cyprus to Establish Deputy Ministry of Shipping

Cyprus Parliament has passed a bill establishing a shipping junior ministry, the Cyprus News Agency (CNA) reported quoting government sources. The bill, tabled by the government, was approved unanimously, the agency reported, adding that two proposed amendments had been withdrawn without being put to the vote. The Minister of Transport, Communications and Works Marios Dimitriades, in a written statement, welcomes the decision of the Parliament to establish a Deputy Ministry of Shipping., noting that Cyprus’ shipping is a big chapter for Cyprus. “It is indeed a very important step towards changing the outdated structure of the 1960 state but still not enough…

15 Feb 2016

2,500 More Ships to Cypriot Registry

As 2,500 ships currently under management by Cyprus-based companies could be registered in the Cypriot registry, a settlement of the Cyprus problem could boost the island`s commercial fleet to new levels, reports CNA. The Cypriot registry currently ranks 10th in the world and 3rd in the European Union with 1,763 ships flying the flag, despite the embargo on Cypriot-flagged ships imposed since 1987 by Turkey. Cyprus has a highly developed ship-management sector, the second largest in the world, with 2,500 ships under management by Cypriot-based firms. According to Cyprus Shipping Chamber Director General Thomas Kazakos, after a settlement, these ships could register with the Cypriot registry “overnight”.

03 Jul 2015

Greek Shipping Mulls Cyprus Move

Greek shipping companies are looking into moving to Cyprus due to the instability and uncertainty in Greece, it emerged, reports Cyprus News Agency. The director general of the Cypriot Shipping Chamber, Thomas Kazakos, said that a small number of Greek shippers have contacted Cypriot authorities for information on the procedures required and the tax system on the island. “Bearing in mind the developments in Greece, it is a normal consequence that some ship owners will look into … having a second base in Cyprus, as apart from the national, social, and religious connection, there is also the shipping relationship we have had for years,” Kazakos said.