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Cyprus tonnage tax discount for green vessels

The countryโ€™s Shipping Deputy Ministry announced the new range of green incentives to reward vessels that demonstrate effective emissions reductions and encourage shipowners to hoist the green, yellow and white flag. From the fiscal year 2021, annual tonnage tax will be reduced by up to 30% for each vessel that demonstrates proactive measures to reduce its environmental impact, ensuring shipowners are rewarded for sustainable shipping efforts. The Cyprus Ministry is a strong advocate for sust...
United Kingdom Vassilios Demetriades Informa Markets United Kingdom Cyprus Ministry European Commission Deputy Ministry

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