Nicosia, Cyprus. The Cyprus Shipping Chamber called for a coordinated international approach to shipping decarbonisation ahead of the International Maritime Organisation’s MEPC 84 session, warning that fragmented rules would increase costs and uncertainty. Separately, CITEA met India’s High Commissioner to Cyprus to discuss cooperation in technology and innovation.
Cyprus Shipping Chamber backs joint maritime position ahead of IMO meeting
In a statement, the Cyprus Shipping Chamber said it welcomed a joint position presented by seven international maritime organisations ahead of the IMO’s MEPC 84 session. It described the session as a key opportunity for IMO member states to narrow differences and intensify dialogue on emissions-cutting measures without undermining the resilience of global trade.
The chamber said a coordinated approach under the IMO was essential for the stability and clarity the industry needs, and for providing regulatory certainty for companies investing in sustainable alternative marine fuels.
It added that any new measures must be practical and effective to meet greenhouse gas reduction goals, while safeguarding a just transition and preserving a level playing field across the industry.
CITEA meets India’s High Commissioner to Cyprus on technology cooperation
The Cyprus Information Technology Enterprises Association said it recently met with India’s High Commissioner to Cyprus Shri Manish to discuss areas of mutual interest, focusing on deepening cooperation between the two countries in technology and innovation.
The association said a business mission to India is scheduled for May, with CITEA president George Malekkos due to take part. The visit is intended to strengthen business ties, explore new opportunities for members, and promote Cyprus as an emerging technology hub in the region.
The talks also addressed the long-standing shortage of specialised human capital facing companies in the technology sector.
ICS warns erosion of international rules poses major risk to shipping
International Chamber of Shipping secretary-general Thomas Kazakos said in Singapore that the erosion of international rules now poses a bigger threat to shipping than decarbonisation itself, as industry leaders warned that geopolitical tensions are making the sector more politicised and less secure.
Speaking at the Capital Link conference during Singapore Maritime Week, Kazakos said “the real thing is the erosion of the international regulatory framework,” describing the rise of shadow fleets as “a very good example of what this problem creates”.
What impact do you think fragmented shipping regulations could have on global trade and investment in alternative marine fuels?