(http://www.MaritimeCyprus.com) The International Group (IG) has made available their Annual Review which reports on several maritime issues and on the Group’s activities over the past year. Tonnage up Reinsurance cost down Another increase in Group-entered tonnage, and a fourth year of savings in the cost of the Group reinsurance purchase, albeit more modest than in recent years, were among the notable…
(http://www.MaritimeCyprus.com) The Review of Maritime Transport is a recurrent publication prepared by the United Nations Conference on Trade and Development (UNCTAD) secretariat since 1968 with the aim of fostering the transparency of maritime markets and analysing relevant developments. It remains the single, most important global review of the Maritime Industry. Growing seaborne trade Global seaborne trade…
(http://www.MaritimeCyprus.com) The “Blue” in “Blue Economy” stands for the seas and oceans. As a vital component of Europe’s coastal economies, oceans can also contribute to our continent’s overall prosperity. They can produce investment, jobs and economic growth – and the healthier they are, the more productive they’ll be. Therefore, the Blue Economy must be a Sustainable Blue Economy. The European Commission has undertaken to measure the trends,…
(http://www.MaritimeCyprus.com) Climate change is the defining challenge of our time, yet it is still accelerating faster than our efforts to address it. Atmospheric levels of carbon dioxide are higher than they have been for 800,000 years, and they are increasing. So, too, are the catastrophic effects of our warming planet – extreme storms, droughts, fires,…
(http://www.MaritimeCyprus.com) The Oil Companies International Marine Forum (OCIMF) was formed in April 1970 in response to the growing public concern about marine pollution, particularly by oil, after the Torrey Canyon incident in 1967. In the early 1970s, a variety of antipollution initiatives were starting to emerge nationally, regionally and internationally, but with little coordination. Through OCIMF, the oil industry was able to play a stronger coordinating role in…
(http://www.MaritimeCyprus.com) Reviewing 2017, the Cyprus Registry ranked again as the 11th largest merchant fleet worldwide and the 3rd largest fleet in the European Union (EU). According to the Cyprus Shipping Chamber’s Annual Report for 2017, Cyprus is considered to be the largest Shipmanagement Centre in the EU and among the three largest globally. Furthermore, in…
(www.MaritimeCyprus.com) The UK Marine Accident Investigation Branch (MAIB) has published its Annual Report for 2016 highlighting the work of the branch during the past year. In 2017, 1 232 accidents (casualties and incidents1) to UK vessels or in UK coastal waters were reported to the MAIB. These involved 1 352 vessels. 42 of these accidents involved only…
