Middle East Maritime Consultants (MEMC) is proud to announce the signing of a strategic cooperation and representation agreement with Syndeseas Integr.
The country’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 sustainable shipping and believes broad and diverse measures are needed at both a global and regional level to achieve emissions reduction targets and a sustainable future for the industry.