Israel Asks Cyprus to Consider Shipping Route for Gaza, Official Says

ATHENS/JERUSALEM, June 26 (Reuters) - Israel has asked Cyprus to examine the possibility of establishing a shipping point on the island for sending goods to the Gaza Strip, a Cypriot government spokesman said on Tuesday. Goods shipped by sea usually come to an Israeli port and are transferred to Gaza over land. Israel enforces a maritime blockade on Gaza, which it says is … [Read more...]

Cyprus’s First Shipping Minister Sets Herself Ambitious Targets

By Paul Tugwell and Georgios Georgiou (Bloomberg) -- Cyprus’s first-ever shipping minister is setting her sights high. The country’s location and tax system have made it a shipping magnet -- drawing maritime companies from Norway, Greece, Dubai and South Korea -- and prompting the creation of a ministry for the industry. Natasa Pilides, who heads it as the newly appointed … [Read more...]

Cyprus to Pursue Exploratory Drilling in Mediterranean Amid Standoff with Turkey

ATHENS, Feb 21 (Reuters) - Cyprus said on Wednesday it would press ahead with oil and gas exploration, signalling resolve in a standoff with Turkey over access to potential energy riches after Ankara extended military exercises in the eastern Mediterranean to early March. Cyprus has accused Turkey of obstructing a drill ship exploring for natural gas off the ethnically-split … [Read more...]

Cyprus’ Plan to Boost Shipping’s Role in Economy Within Reach, Ross Says

By Paul Tugwell and Georgios Georgiou (Bloomberg) -- Cyprus’s target to increase the contribution that shipping makes to its economy by around two percentage points over the next three years is achievable, U.S. billionaire investor Wilbur Ross said. The country needs to increase the share of the global fleet managed by companies on the island to 4.8 percent from 4 percent … [Read more...]

Cyprus Considers Eight Train LNG Export Terminal

(Bloomberg) -- Cyprus, the Mediterranean island that reported its first offshore natural-gas find in 2011, is studying an expansion of planned export capacity to help revive economic growth. The country may build as many as five liquefied natural gas production lines, or trains, in addition to a planned $12 billion, three-train terminal near Limassol, according to Cyprus … [Read more...]