Cross-border tensions between Israel and Lebanon have led to fears of an all-out war
world1 hour ago
Cyprus is today a fully-fledged maritime centre, combining both a sovereign flag and a resident shipping industry, which is renowned for its high quality services and standards of safety. The country is one of the leading third-party ship management centres in the world. A significant number of ship management companies have been established in Cyprus and manage a sizeable proportion of the Cyprus merchant fleet as well as a large number of vessels under foreign flags.
Cyprus, with its long maritime tradition, enjoys a leading role in the international shipping scene, by holding the third place within the European Union merchant fleets and the tenth worldwide, while having a leading role as well as a major ship management centre. The Cyprus flag is high quality, offering numerous advantages to ship owners who register their vessels in the country's registry.
The main benefits are as follows:
Quality and service
Party to all International Maritime Conventions on safety, security, pollution prevention, maritime labour and health and safety, giving full and complete effect to their provisions.
Bilateral agreements on merchant shipping signed with 25 states, through which Cyprus ships receive either national or most favoured nation treatment in the ports of other states.
Comprehensive and pioneering legislation for the protection of Cyprus ships from piracy and other unlawful acts, including a legal framework allowing and regulating the use of private armed security personnel onboard the Cyprus vessels in high-risk areas.
An EU flag, classified in the White Lists of the Paris and Tokyo MoUs on Post State Control, resulting in fewer inspections of the ships and less delays at the ports of both MoUs.
Maritime offices in London, Rotterdam, Piraeus, Brussels and Hamburg, offering services to Cyprus ships at all times.
Efficient provision of services by the Department of Merchant Shipping 24/7.
ECONOMIC BENEFITS
Cross-border tensions between Israel and Lebanon have led to fears of an all-out war
world1 hour ago
Real host Alaves on Tuesday before facing local rivals Atletico Madrid in a highly anticipated Spanish capital derby next weekend
football1 hour ago
Ex-hostage does not appear to suffer post-traumatic stress although he has lost a lot of weight
asia1 hour ago
During his visit to Washington, Ukraine leader is due to meet President Biden, Kamala Harris and Donald Trump
europe1 hour ago
Verstappen finished second for Red Bull, a massive 20.945 seconds behind his main rival
f11 hour ago
Alcaraz played 50 professional singles matches this year before the Laver Cup, winning 41 of them
tennis1 hour ago
Using a hard shoulder for overtaking can lead to a fine of Dh1,000 and six black points
uae1 hour ago
He underwent multiple surgeries, wondering if he would ever play the game again before returning to competitive cricket in the IPL this year
sports2 hours ago