Tonnage Tax Reductions Of Up To 30% With New Cyprus Green Incentives Programme
The Cyprus Shipping Deputy Ministry (SDM) has announced a new range of green incentives to reward vessels that demonstrate effective emissions reductions. From the fiscal year 2021, annual tonnage tax will be reduced by up to 30% for each vessel that demonstrates proactive measures to reduce its environmental impact, ensuring shipowners are rewarded for sustainable shipping efforts.
The Cyprus SDM is a leading advocate for sustainable shipping. It believes broad and diverse measures are needed at both a global and regional level to achieve emissions reduction targets and a sustainable future for the industry. This includes the use of cleaner fuels, the deployment of the relevant fuel infrastructure, the electrification of ships, and the use of energy efficiency technologies. A combination of all of these options has the potential to improve the commercial and environmental sustainability of the sector, b
May 2021 marks the reinstatement of the Cyprus-Greece sea connection
Cyprus and Greece are well known active seafarers from ancient times when they dominated the waters of the Mediterranean Sea. They used ships not only in warfare but mostly in trading and travelling, thus creating colonies and expanding their financial and cultural exchanges with other civilisations and countries.
In the early 1960s, Cyprus and Greece launched their sea connection with ships arriving from the port of Piraeus to the ports of either Limassol or Famagusta. Ships used to continue their trip to Haifa, in Israel, possibly to Beirut in Lebanon and Alexandria, in Egypt.
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Cyprus and Greece are well known active seafarers from ancient
times when they dominated the waters of the Mediterranean Sea. They
used ships not only in warfare but mostly in trading and
travelling, thus creating colonies and expanding their financial
and cultural exchanges with other civilisations and countries.
In the early 1960s, Cyprus and Greece launched their sea
connection with ships arriving from the port of Piraeus to the
ports of either Limassol or Famagusta. Ships used to continue their
trip to Haifa, in Israel, possibly to Beirut in Lebanon and
Αssociated Press
FILE- Women walk on a dock as a vessel passes near the port in the background, in southern coastal city of Limassol, Cyprus, Sunday, April 14, 2019. (AP Photo/Petros Karadjias) 12/16/2020 The National Herald
NICOSIA - A ferry boat passenger link from Cyprus to Greece that was hoped to begin again in May 2021, after being shut down in 2000, is on its way to becoming a reality after the Cyprus Shipping Deputy Ministry requested bids.
The Cypriot government said it would provide a subsidy up to five million euros ($6.09) for the money-bleeding service that costs more than taking a one hour 40 minute flight between the country’s capitals - and takes 20 hours to cross the sea.