Insider Business CSC welcomes Steamship Mutual Underwriting Association (Europe) Ltd

CSC welcomes Steamship Mutual Underwriting Association (Europe) Ltd

The Cyprus Shipping Chamber  (CSC) welcomes with satisfaction the arrival of a new P&I Club among its Member-Companies, Steamship Mutual Underwriting Association (Europe) Limited, which has decided to underwrite all of its European business through its Cypriot entity.

A press release by the Chamber says that the Club “has expressed its gratitude to the Cypriot authorities and the Shipping community for the warm welcome and support it has received since it decided to base itself in Limassol and it looks forward to making a positive contribution”.

The arrival of new shipping companies and companies offering shipping related services, is a strong example of the Cyprus Shipping Industry’s enhanced competitiveness, which provides stability and business growth opportunities, the press release reads.

At the same time, according to the Shipping Deputy Ministry’s statistics, companies registered under the Cyprus Shipping Taxation System have increased, while the number of Cyprus-based companies has increased by 33% over the last two years.

“The Shipping Chamber welcomes this very positive development and expresses its appreciation for the trust placed in Cyprus by the shipping companies which relocate to Cyprus, whilst commits to continue its work in cooperation with the Shipping Deputy Ministry and other shipping stakeholders, for the further expansion of the Cyprus Shipping Industry,” the release concludes.

(Cyprus News Agency)

Top Stories

Nicosia mayor asks for understanding ahead of Makarios avenue project

A section of Makarios Avenue in Nicosia will close as from tomorrow for road works, with  Nicosia Mayor Constantinos Yiorkadjis asking the public to...

Trump’s push to reopen schools part of bid to boost suburban standing

President Donald Trump's demand for U.S. schools to fully reopen this fall amid the coronavirus pandemic is central to an emerging re-election strategy that...

Pope ‘very pained’ by decision to turn Hagia Sophia museum into mosque

  Pope Francis said on Sunday he was hurt by Turkey's decision to make Istanbul's Hagia Sophia museum a mosque, the latest religious leader to...

Paphos: 7 injured in traffic collision

  Seven people have been taken to hospital after a collision between two cars that occurred on the Droushia-Latchi road a little after 1 pm...

11 of 18 latest coronavirus cases imported (infographics)

    Eleven of the 18 new coronavirus cases reported in the 14 days of June 26 to July 9 are imported and 89% of them...

Taste

Kolokasi (Taro Root)

Ingredients: (Serves 4) 1 kg kolokasi (taro) root ½ kg pork (lean belly pork or shoulder) cut into large cubes 6 tbsp olive oil 1 head of fresh celery,...

Moungra

Moungra is a traditional Cypriot mezze which consists in cauliflower pickled in fermented bread dough and typically served as an appetizer or meze. It...

Cheesy Eggplant Rolls

Ingredients 4 Eggplants 2 tbsp olive oil 1 chopped onion, 2 grated carrots 1 garlic clove (sliced) ¾ of the cup finely chopped canned tomato, ½ ts sugar 1 ts oregano 2 tbsp...

Black eyed peas with chard (Louvia me laxana)

Ingredients: 2 cups black eyed peas small lemon (juice) + 1 tsp lemon zest 1 bunch Cypriot chards olive oil & lemon for serving salt & pepper Method: Step 1 Put the...