CUS NEWS REPORT FOR WEEK 50 OF 2024
7 th December 2024 – 13 th December 2024 LOCAL NEWS 1. Cyprus Approves Pillar II Global Minimum Tax The Cyprus House of Representatives reportedly approved the Law on a Global Minimum Level of Taxation of Multinational Enterprise Groups and Large-Scale Domestic Groups on 12 December 2024, which transposes Council...
CUS NEWS REPORT FOR WEEK 49 OF 2024
30 rd November 2024 – 6 th December 2024 LOCAL NEWS 1. Naming Ceremony of Tactical Rafnar 40FT High speed craft donated to Cyprus National Guard On Friday, December 6, 2024, Saint Nicholas Day, the patron saint of the Navy, a new high-speed craft was inducted into the Navy’s fleet. The brand-new craft was donated by...
CUS NEWS REPORT FOR WEEK 48 OF 2024
23 rd November 2024 – 29 th November 2024 LOCAL NEWS 1. President highlights Cyprus-Greece Summit deliverables and US visas to Cabinet/ Leaders of Cyprus, Jordan and Greece met in Nicosia for trilateral summit On Wednesday, 27 November took place the second intergovernmental summit between Cyprus and Greece, as well...
CUS NEWS REPORT FOR WEEK 47 OF 2024
16 th November 2024 – 22 nd November 2024 LOCAL NEWS 1. Announcement by the Deputy Ministry of Shipping on the candidacy of the Republic of Cyprus for re-election to the Council of the International Maritime Organization On the 20 th of November, the Deputy Minister of Shipping of the Republic of Cyprus, Ms Marina...
CUS NEWS REPORT FOR WEEK 46 OF 2024
9 th November 2024 – 15 th November 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. Political stand-off delays approval of new commissioners in European Parliament The confirmation process for the European Commission has descended into a political deadlock, exposing fractures in the parliamentary coalition...
CUS NEWS REPORT FOR WEEK 45 OF 2024
2 nd November 2024 – 8 th November 2024 LOCAL NEWS 1. 2024 AMVER Awards Ceremony for “AMVER Awards 2023” On Thursday, November 7, 2024, the International Propeller Club of the United States, Port of Limassol, in collaboration with the Cyprus Shipping Chamber (CSC) and the Cyprus Union of Shipowners (CUS), organized...
CUS NEWS REPORT FOR WEEK 44 OF 2024
26 th October 2024 – 1 st November 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. Upcoming hearings of Commissioner designates – Written answers by Commissioners – designates to MEPs As part of the European Parliament’s evaluation process and in preparation of their upcoming hearings at the European...
CUS NEWS REPORT FOR WEEK 43 OF 2024
19 th October 2024 – 25 th October 2024 LOCAL NEWS 1. International Propeller Club names Deputy Minister of Shipping Marina Hadjimanolis “Maritime Person of the Year” On 25 October 2024, the International Propeller Club honored Cyprus’ Shipping Deputy Minister, Ms. Marina Hadjimanolis with its prestigious Maritime...
CUS NEWS REPORT FOR WEEK 42 OF 2024
12 th October 2024 – 18 th October 2024 LOCAL NEWS 1. Thalassa 2024 Festival On Saturday, 19 October 2024, Cyprus celebrated its rich maritime heritage with the Thalassa 2024 Festival, for the fourth consecutive year. Marine culture remains a vital part of the island's identity, history, and economy. Our Union played...
CUS NEWS REPORT FOR WEEK 41 OF 2024
5 th October 2024 – 11 th October 2024 LOCAL NEWS 1. 50th WISTA International AGM and Conference 2024 held in Limassol 9-11/Oct The 50 Years Anniversary of the Women’s International Shipping and Trade Association (WISTA International) was celebrated between 09-11 October 2024 in Limassol, Cyprus. The Conference took...
CUS NEWS REPORT FOR WEEK 40 OF 2024
28 th September 2024 – 4 th October 2024 LOCAL NEWS 1. Cyprus Registrar of Companies – Deadline for Confirmation of the details with the Register of UBOs The Department of the Registrar of Companies and Intellectual Property informs all companies incorporated or registered under the Companies Law, Cap. 113, as well...
CUS NEWS REPORT FOR WEEK 39 OF 2024
21 st September 2024 – 27 th September 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. Philippines implements Magna Carta for seafarers’ rights On the 23 rd September 2024, Philippines President Ferdinand Marcos Jr. officially enacted the Magna Carta of Filipino Seafarers, also known as Republic Act 12021,...
CUS NEWS REPORT FOR WEEK 38 OF 2024
14 th September 2024 – 20 th September 2024 LOCAL NEWS 1. Cyprus Union of Shipowners’ Annual General Meeting, followed by a dinner with H.E. the President of the Republic of Cyprus , Mr. Ni k os Christodoulides The Annual General Meeting (AGM) of the Cyprus Union of Shipowners was held with great success on Thursday...
CUS NEWS REPORT FOR WEEK 37 OF 2024
7 th September 2024 – 13 th September 2024 LOCAL NEWS 1. Advisory Committee on Competitiveness and Quality Enhancement of the Cyprus Flag and Advisory Committee on Competitiveness of the Cyprus Maritime Cluster-Announcement of the Elected Members On the 11 th September 2024 the Shipping Deputy Ministry issued...
CUS NEWS REPORT FOR WEEK 35 OF 2024
24 th August 2024 – 30 th August 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. European Commission faces ECJ lawsuit for adding shipping and aviation to green taxonomy Environmental campaigners have filed a lawsuit against the European Union over its inclusion of polluting planes and ships powered by fossil...
CUS NEWS REPORT FOR WEEK 34 OF 2024
17 th August 2024 – 23 rd August 2024 LOCAL NEWS 1. Contract for Cyprus-Greece maritime passenger connection extended for another three years On Friday, 23 August 2024, the Shipping Deputy Ministry announced that the Council of Ministers has decided to approve the extension of the Contract for the Passenger Maritime...
CUS NEWS REPORT FOR WEEK 33 OF 2024
10 th August 2024 – 16 th August 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. ICS comes up with comprehensive GHG pricing mechanism The International Chamber of Shipping (ICS), in collaboration with the governments of Bahamas and Liberia, has presented a comprehensive new proposal to ensure delivery of the...
CUS NEWS REPORT FOR WEEK 32 OF 2024
3 rd August 2024 – 9 th August 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. Yemen's Houthis claim first attack on shipping lanes in two weeks On Sunday, 4 th August 2024, Yemen's Houthi movement stated that it targeted a Liberia-flagged container vessel in the Gulf of Aden, claiming its first attack on...
CUS NEWS REPORT FOR WEEK 31 OF 2024
27 th July 2024 – 2 nd August 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. Turkey to implement its own Emissions Trading System The Turkish parliament has approved a carbon pricing mechanism for the shipping sector, allowing Turkey to tax emissions from commercial ships entering and departing its seaports....
CUS NEWS REPORT FOR WEEK 30 OF 2024
20 th July 2024 – 26 th July 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. European Shipping Summit 202 5 - Save the date The European Shipping Summit 2025, will take place between 19-20 March 2025 at the Royal Museums of Fine Arts in Brussels . The two-day event will include engaging stakeholder sessions,...
CUS NEWS REPORT FOR WEEK 29 OF 2024
13 th July 2024 – 19 th July 2024 LOCAL NEWS 1. Propeller Club Event - 50th anniversary of the Turkish invasion and occupation of Cyprus On Monday, September 9th, 2024, the Propeller Clubs of the United States, Port of Piraeus and Port of Limassol, will host a joint event for the 50 years anniversary of the Turkish...
CUS NEWS REPORT FOR WEEK 28 OF 2024
6 th July 2024 – 12 th July 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. INTERCARGO - Summary of developments in EU and the EU Fit for 55 policy package – 2024 On the 11 th July 2024, INTERCARGO summary of latest EU developments and the EU Fit 55 Policy Package for the months April – July 2024. With...
CUS NEWS REPORT FOR WEEK 27 OF 2024
29 th June 2024 – 5 th July 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. European Parliament vote to pass amendment implementing Basel III reforms Following the adoption by the European Parliament of the Basel III rules in Europe (known as the Capital Requirements Regulation and Directive, CRR and CRD),...
CUS NEWS REPORT FOR WEEK 26 OF 2024
22 nd June 2024 – 28 th June 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. EU adopts 14th package of sanctions against Russia Following last week’s EU Agreement (on Thursday, 20 th June 2024) and our Union’s report on this issue, on the 24 th June 2024, the EU Council adopted the 14th package of sanctions...
CUS NEWS REPORT FOR WEEK 25 OF 2024
15 th June 2024 – 21 st June 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. EU approves 14th Russia sanctions package, includes first-ever LNG sector measures On Thursday, 20 th June 2024, European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, targeting for the...
CUS NEWS REPORT FOR WEEK 23 OF 2024
1 st June 2024 – 7 th June 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. New EU Sanctions Regime for Russia in relation to Human Rights , 14 th Sanctions Package to follow On Monday 27 May 2024, the European Council established a new framework for restrictive measures against those responsible for serious...
CUS NEWS REPORT FOR WEEK 22 OF 2024
25 th May 2024 – 31 st May 2024 LOCAL NEWS No news reported. INTERNATIONAL NEWS 1. Greek shipping’s resilience unveiled in Union of Greek Shipowners report The Union of Greek Shipowners (UGS) has recently published its Annual Report for 2023-2024, which highlights the international, European and national perspective...
CUS NEWS REPORT FOR WEEK 21 OF 2024
18 th May 2024 – 24 th May 2024 LOCAL NEWS 1. The Shipping Ministers of Cyprus and Greece discuss strengthening the maritime cooperation between the two states On Tuesday, 21 May 2024, the Shipping Deputy Minister to the President of Cyprus, Ms. Marina Hadjimanolis, met with the Minister of Maritime Affairs and...
CUS NEWS REPORT FOR WEEK 20 OF 2024
11 th May 2024 – 17 th May 2024 LOCAL NEWS 1. Meeting between the President of the Republic of Cyprus, Mr. Nikos Christodoulides and the President of the House of Representatives, Ms. Annita Demetriou and CUS Delegation On Thursday, 16 May, 2024, the President of the Republic of Cyprus, Mr. Nikos Christodoulides,...
CUS NEWS REPORT FOR WEEK 19 OF 2024
4th May 2024 – 10th May 2024 LOCAL NEWS 1. DONATION BY THE CYPRUS UNION OF SHIPOWNERS TO THE “AMALTHEA” INITIATIVE FOR PROVIDING HUMANITARIAN AID TO GAZA Cyprus Union of Shipowners decided to actively participate and contribute to the efforts of the President of the Republic of Cyprus, Mr. Nikos Christodoulides and...