Taking this opportunity, the Shipping Chamber highlights once more, the urgent need to find viable solutions to facilitate the movement of ship crews and allow seafarers to join ships or return to their countries, as well as to ensure access to medical treatment onshore to seafarers working on board and their repatriation in case of an emergency.

Today’s initiative was organised by the International Chamber of Shipping (ICS) and the International Transport Workers` Federation (ITF), with the enthusiastic support of the Shipping Deputy Ministry, the Ministry of Transport, Communications and Work and the Cyprus Port Authority.

Source: CNA

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According to a press release by the Cyprus Shipping Chamber, the renewed Cyprus Shipping Taxation System, fully covers in their most modern form, the three basic Shipping activities that are offered today in International Shipping, namely Shipowning, Shipmanagement and the Chartering of vessels, maintaining Cyprus as a major Shipping Center in European and International Shipping.

“This approval, especially in the midst of the crisis from the Covid-19 global pandemic, recognises the substantial contribution of the Cyprus Shipping Industry to the Cyprus Economy, and also secures the viability of the Cyprus Registry and the Cyprus Shipping Industry, maintaining its prominent position in the global shipping arena”, the press release says.

It adds that Cyprus Shipping being one of the most important pillars of the economy, it is also important to receive earliest possible, the appropriate financial and operational support, to deal with the effects of this pandemic crisis, keeping world trade and maritime transport moving.

Source: CNA

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