Port News & Information Mediterranean, Black & Caspian Seas

Cyprus Shipping Deputy Ministry offers environmental incentives to support ship owners on pathway to decarbonisation

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Tonnage Tax Reductions of up to 30% with new Cyprus Green Incentives Programme – January 19, 2021 The Cyprus Shipping Deputy Ministry (SDM) has announced a new range of green incentives to reward vessels that demonstrate effective emissions reductions. From fiscal year 2021, annual tonnage tax will be reduced by up to 30% for each vessel that demonstrates…

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