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The DMS will also issue Bunkers Certificates and Athens Passenger Liability Regulation Certificates to such vessels.

The Tax Department recently issued a circular1 clarifying the exemption from tax on interest received that is available to owners, charterers or managers of ships...

The Cyprus Department of Merchant Shipping has updated the list of countries whose certificates of competency are recognised by Cyprus.

The Department of Merchant Shipping has announced the entry into force of increased liability limits under the Convention on Limitation of Liability for Maritime Claims 1976 (LLMC)...

Two first instance judgments of the Admiralty Court issued in 2013 were addressed in previous updates.

The Department of Merchant Shipping has announced that it will be a deputy ministry with effect from March 1 2018 and be renamed the Deputy Ministry of Shipping, ...

Cyprus and China can mutually benefit from The One Belt, One Road Initiative.

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.

Navigating the waters of Cyprus is an exhilarating experience, but ensuring your pleasure craft is properly registered is essential.

The Department of Merchant Shipping (DMS) has issued consolidated instructions regarding maritime security in respect of ships flying the Cyprus flag.

The Department of Merchant Shipping recently announced(1) the publication of the Essential Requirements (Recreational Craft and Personal Watercraft) Regulations 2017(2) in the Official Gazette.(3)

In order to support shipping companies and owners of Cyprus-flagged ships and mitigate the difficulties arising from the COVID-19 outbreak, the Shipping Deputy Ministry has extended the...

The Merchant Shipping (Fees and Taxing Provisions) Law 2010(1) (the so-called 'tonnage tax law') requires communityflagged ships ...

According to the ministry's calculations, the global share of EU-flagged ships has decreased in comparison with 2016 in all sectors.

The Merchant Shipping (Fees and Taxing Provisions) Law provides that, in order to qualify for the tonnage tax scheme, EU-flagged ships (ships lawfully registered in and flying the flag of an EU member state or any other contracting party to the European Economic Area Agreement) must account for a specified minimum percentage of the taxpayer's fleet.

The Merchant Shipping (Fees and Taxing Provisions) Law of 2010 (the Tonnage Tax Law) left certain issues of detail to be determined by the Cyprus Department of Merchant Shipping ("DMS").

Coastal State regulation of bunkering (the supplying of fuel for use by ships) in the Exclusive Economic Zone (EEZ) is a contentious matter.

What are the Benefits Experienced by Ship Management Companies Based in Cyprus? There are several benefits of ship management companies which are based in Cyprus, namely...