Cyprus Chamber of Shipping says EU emissions package won’t work
The Cyprus Chamber of Shipping doesn’t think that the EU’s package to decarbonise shipping will simply prove effective. The “Fit for 55” package is a set...
Shipping
Kuwait to build ‘logistics cities’ to become shipping hub
Kuwait plans to establish logistic cities to support local economy and attract foreign investment, Kuwait Ports Authority (KPA) announced on Sunday. Sheikh Yousef Al-Abdullah Al-Sabah,...
Budapest Airport sees record cargo turnover thanks to China’s Alibaba
The Budapest Airport has reported a record turnover for its first six months in 2021, thanks to the Chinese e-commerce giant Alibaba, the airport informed...
China’s foreign trade up 27.1%, exports booming
China’s foreign trade in the first half of the year posted the best performance in history, underpinned by the country’s sustainable economic recovery and strong...
Cyprus-flagged ships violate US sanctions at their own risk
Cyprus-flagged ships violate US sanctions at their own risk, as this country is not legally obliged to enforce those of the US. This is in...
Shipping companies tighten operations in fear of sanctions
Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever...
Singapore, London, Shanghai top shipping ranking
According to this year’s recently released Xinhua-Baltic International Shipping Center Development Index Report, Singapore, London and Shanghai are the top three global shipping hubs in 2021, followed by Hong Kong, Dubai, Rotterdam, Hamburg, Athens/Piraeus, New...
Egypt’s Suez Canal annual revenue hits record $5.84 bln
Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 bln in the previous year, the...
Shipping not subject to minimum corporate tax — Lloyds List
SHIPPING has been left out of the Organisation for Economic Co-operation and Development proposals for a global minimum corporation tax rate of no less than 15...
Brexit deal: UK agrees £333m annual fishing quotas with EU
The UK has now concluded annual fisheries negotiations with the EU, providing certainty for the fishing industry on catch limits for the remainder of 2021,...
Cyprus shipowner earns record fee in single voyage
A Cyprus-based shipowner has managed to regain almost a sixth of their ship’s value in a single voyage due to the frenetic global container market...
UK to build new flagship to promote ‘best of British’
Britain is to build a new flagship to promote its business and trade interests around the world, the government said on Saturday, in a move it said...
China’s Marco Polo, one of world’s largest container ships, arrives in US
China’s Marco Polo, the largest container ship ever to arrive on the US East Coast, arrived on Thursday. At 16,022 twenty-foot equivalent units (TEU), the...
Anastasiades says long-term strategy for shipping in the works
Despite the financial difficulties cause by pandemic restrictions, Cyprus managed to maintain its position as the third largest shipping fleet in Europe, the 11th largest...
‘Buyer demand is high for Limassol Marina properties’ – Marina Manager
Limassol Marina General Manager Nikiforos Pampakas talks about how the wharf is faring and evolving. Q:How has the Limassol Marina been affected by the pandemic?...
Cyprus, Lebanon, Syria cannot agree on maritime borders
Lebanese Minister of Public Works and Transport Michel Najjar early this month signed an amendment of a decree that would fix Lebanon’s maritime borders –...
Dislodged ship held in Suez Canal awaiting $916mn damages claim
A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916...
How to make ships more sustainable and less noisy
By Sandrine Ceurstemont Ships have a significant environmental impact during building, operation and when they’re scrapped, but new approaches and composite materials to replace steel...
Carnival says not taking stance on mandatory Covid-19 vaccinations for travelers
Carnival Corp, the world’s largest cruise operator, is currently not taking a position on mandatory Covid-19 vaccinations for passengers before traveling, a company spokesman told...
Norwegian Cruise to start Greek island trips in July
Norwegian Cruise Line Holdings Ltd said on Tuesday it would begin sailing outside the United States from the Caribbean and Greek Isles in July, restarting...