Assistance to seafarers affected by the situation in Ukraine in opening bank accounts in Cyprus

05 May 2022

This article briefly describes the arrangements made by financial institutions in the Republic of Cyprus to facilitate the opening of bank accounts for seafarers affected by the conflict between Ukraine and Russia.

The ‘Ever Given’ Departs, the Legal Battle Continues

26 July 2021

The ‘Ever Given’, the containership that blocked the Suez Canal in March 2021, is now finally on its way after being detained for over 3 months. However, legal issues in relation to the incident are expected to drag on.

World Bank Report Sparks Debate over LNG’s Role in Decarbonising Shipping

02 July 2021

A recent report published by the World Bank advised against investment in LNG, branding its role in shipping decarbonisation as limited. LNG provides ready solutions to existing IMO emissions regulations and features several advocates. 

Update on the Cyprus/Greece Ferry Link: Larnaca’s case

01 July 2021

In December 2020 Cyprus launched an unsuccessful tender for re-establishment of the Cyprus/Greece ferry connection.  A new tender on more viable terms is on the cards, which could further address concerns raised by the Larnaca authorities.

Cyprus strategy for the Shipping sector

07 June 2021

The Cyprus Ministry for shipping is preparing a new strategic vision for Cyprus shipping sector that will determine the future of the maritime industry.

Marine Cyberattacks: Analysis of Liability and IMO 2021

05 April 2021

Cyberattacks bear risk for shipping companies in terms of contractual liability, third party liability, and regulator violations.

UK Supreme Court Overrules Court of Appeal on Disapplication of the Crossing Rules outside Narrow Channels

17 March 2021

UK Supreme Court overturned a Court of Appeal and Admiralty Court judgment involving collision outside a narrow channel. 

Cyprus Makes Waves in Decarbonising Shipping

15 February 2021

Cyprus introduced tax cuts in January to incentivise shipping companies towards energy efficiency and use of alternative fuel, ultimately aiming for Green House Gases reduction.

Decarbonising Shipping: A Review of IMO and EU Regulation

11 February 2021

Decarbonising shipping is essential, expensive, and complicated. Regulation is key to achieving the task, and which regulation prevails will determine shipping companies’ strategies for decades to come

IMO 2020 approaches 2021 – Has the Shipping Industry Adapted to the 0.5% Sulphur Cap?

05 January 2021

IMO 2020 introduced a 0.5% Sulphur cap on bunkers to ships operating outside Emission Control Areas.

P&I Club Coverage for COVID-19

24 November 2020

P&I Clubs invariably provide insurance cover for infectious diseases. COVID-19 related cover encompasses crew illness and deviation to ensure treatment, whereas the extent of quarantine cover varies between the individual rules.

Guidance on Stamp Duty applicable on Shipping Mortgages under Cyprus law

21 August 2018