zim join blockchain

ZIM Joins Maersk’s Blockchain Shipping Platform TradeLens

ZIM Integrated Shipping Services has signed on as a member of Maersk and IBM’s blockchain-enabled TradeLens platform.

Launched in 2018, TradeLens uses blockchain technology to drive transparency throughout the shipping process by digitizing documentation and making it available in real-time to all trading partners – from carriers to freight forwarders, customs officials, port authorities and more.

The success of the platform ultimately depends on whether Maersk and IBM will be successful in convincing other industry players to join. But to date, more than five million shipments have been recorded on TradeLens by more than 60 network members and 100 total ecosystem members, according to TradeLens figures.

ZIM joins Pacific International Lines (PIL), the world’s tenth largest containership operator, as the only other major carrier to become a TradeLens member.

“The addition of ZIM to TradeLens shows exactly why we worked with Maersk to create this solution,” said Daniel Melka, Country General Manager, IBM Israel. “Blockchain networks like TradeLens work best when comprised of a diverse network of participants who work together to affect change for an entire industry, which is what we are seeing happen with TradeLens.”

“What makes the solution so effective is its ability to deliver these benefits while still allowing carriers like ZIM and others to maintain their competitive advantages. The more carriers and other ecosystem members that join the platform, the closer we come to bring about a new era in global trade,” said Mike White, TradeLens leader for Maersk.

ZIM is expected to begin contributing data to the platform before the end of 3Q 2019.

Eyal Ben Amram, ZIM CIO commented: “We are very pleased to join TradeLens, as part of our vision to be at the forefront of digital innovation in shipping. ZIM endorses a proactive approach of promoting and investing in innovative digital solutions, such as the pioneering blockchain-based electronic Bill of Lading initiative, in collaboration with Wave Inc, and the recent investment in Ladingo, a ground-breaking e-commerce solution.”

brexit and cyprus

How to prepare for Brexit

Customs guide for businesses

In the absence of a Withdrawal Agreement, which would put in place a transition period until the end of 2020 (with the possibility of an extension foreseen in the Withdrawal agreement), the UK will be treated as a non-EU country for customs purposes as of 30 March 2019.

It is now urgent that businesses in the EU start preparing for the UK’s withdrawal, if they have not yet done so.

Brexit will affect your company if…

  • … it sells goods or supplies services to the UK, or
  • … it buys goods or receives services from the UK, or
  • … it moves goods through the UK.

What does this mean?

Without a transitional period (as tabled in the Withdrawal agreement) or a definitive arrangement, trade relations with the UK will be governed by general WTO rules, without application of preferences, as of 30 March 2019.

This means in particular that:

  • Customs formalities will apply, declarations will have to be lodged and customs authorities may require guarantees for potential or existing customs debts.
  • Customs duties will apply to goods entering the EU from the United Kingdom, without preferences.
  • Prohibitions or restrictions may also apply to some goods entering the EU from the United Kingdom, which means that import or export licences might be required.
  • Import and export licences issued by the United Kingdom will no longer be valid in the EU (EU27).
  • Authorisations for customs simplifications or procedures, such as customs warehousing, issued by the United Kingdom will no longer be valid in the EU (EU27).
  • Authorised Economic Operator (AEO) authorisations issued by the United Kingdom will no longer be valid in the EU (EU27).
  • Member States will charge VAT at importation of goods entering the EU from the United Kingdom. Exports to the United Kingdom will be exempt from VAT.
  • Rules for the declaration and payment of VAT (for supplies of services such as electronic services), and for cross-border VAT refunds will change.
  • Movements of goods to the United Kingdom will require an export declaration. Movement of excise goods to the UK may also require an electronic administrative document (eAD).
  • Movements of excise goods from the United Kingdom to the EU (EU27) will have to be released from customs formalities before a movement under Excise Movement and Control SystemSearch for available translations of the preceding link (EMCS) can begin.

What should you do?

All businesses concerned have to prepare, make all necessary decisions, and complete all required administrative actions, before 30 March 2019 in order to avoid disruption.

Follow the checklist below and get to know which practical steps you need to take as soon as possible to be prepared.

Brexit checklist for traders


  • ASSESS whether your business trades with the UK or moves goods through the UK.

If it does:

  • REGISTER your business with the national customs authority, if you have not done so for trading with non-EU countries.  You can find the contact details of the national customs authorities in this list.
  • ASSESS whether your business is ready to continue trading with or via the UK by having the necessary:
  1. human capacity (staff trained in customs matters);
  2. technical capacity (IT systems and others); and
  3. customs authorisations, such as for special procedures (storage, processing or for goods under the “specific use” rule).
  • ENQUIRE with your national customs authority about the existing customs simplifications and facilitations that are available for your business, such as:
  1. simplifications for transit procedures.
  2. comprehensive guarantees, with reduced amounts or waivers;
  3. simplifications for placing goods under a customs procedure;
  • CONSIDER applying for an Authorised Economic Operator (AEO) status from your national customs authority.
  • If you are registered for the VAT Mini-One-Stop-Shop in the UK, REGISTER in an EU27 Member State.
  • If you have paid VAT in the UK in 2018, SUBMIT your VAT refund claims sufficiently in advance of 29 March 2019 for them to be processed before that date.
  • TALK to your business partners (suppliers, intermediaries, carriers,…) as Brexit might also impact your supply chain.
  • CHECK our page with e-learning modules on Customs and Tax to see whether you or your staff needs extra training.

For more detailed technical information, you can consult the European Commission’s webpage which contains “preparedness notices” on a wide range of topics, including Customs and Taxes. To get additional information and assistance, contact your national authorities, your local Chamber of Commerce and Industry, or your industry association.

Source: EU

LNG tender Cyprus

Deadline extended again for LNG tenders

THE Natural Gas Public Company (Defa) has – again – extended the deadline for the submission of bids for infrastructures relating to the import of liquefied natural gas for electricity production.

Defa, by law the sole importer of natural gas, decided to push back the tenders submission date by a little over two months – from January 19 to March 29.

During a meeting held at the presidential palace this week, Defa officials explained that the interested companies had requested certain clarifications on the tender documents.

The project has been broken up into two separate tenders: one for the infrastructures (receiving facilities, a floating re-gasification unit, storage) and one for the purchase of natural gas.

The first tender concerning the facilities is already running. Under the best-case scenario, a contract is expected to be awarded sometime this summer.

According to reports, a change has been made to the tender. Initially, delivery of the infrastructures had been set at a fixed date, November 2020. Now, the terms stipulate that the delivery should be no later than two years after the date on which the contract is awarded. That would push back delivery to the summer of 2021.

The second tender – purchase of the fuel from the spot market – is expected to be launched in February.

Speaking on condition of anonymity, industry sources said it was odd that the infrastructures tender precedes, time-wise, the process for acquiring the natural gas itself.

At the very least, they said, the two tenders should be running concurrently.

That is because the final cost of generating electricity from natural gas will include both the cost of the infrastructures as well as the fuel costs. The stated goal of importing LNG is to bring down the cost of electricity.

The cost of the infrastructures alone is estimated at €300m, while another €200m will be spent on operation and maintenance over a 20-year period. Among the €300m are included the €101m in European Union co-funding.

drone delivery anchorage

World’s first commercial drone deliveries to vessels at anchorage tested

In cooperation with Airbus, Norwegian shipping company Wilhelmsen (WSS) launched this week a shore-to-ship Singapore pilot project, marking the first deployment of drone technology in real-time port conditions, delivering a variety of items to working vessels at anchorage. Shore-to-ship delivery of this range and scope has never been explored, prior to this trial, Wilhelmsen said.

Lifting off from Marina South Pier in Singapore with 3D printed consumables from Wilhelmsen’s onshore 3D printing micro-factory, the Airbus Skyways drone navigated autonomously along pre-determined ‘aerial-corridors’ in its 1.5km flight to Eastern Working Anchorage.

The drone landed on the deck of the Swire Pacific Offshore (SPO)’s Anchor Handling Tug Supply (AHTS) vessel, M/V Pacific Centurion and deposited its 1.5kg cargo without a hitch before returning to its base. The entire delivery, from take-off towards the vessel, to landing back at base, took just ten minutes.

Operations began with a Toolbox Talk with the Wilhelmsen, Airbus and SPO crew to ensure that the risk assessment was understood by all parties. With final safety checks completed, Wilhelmsen’s Marina South Pier team loaded the drone.

Supported by spotters stationed on board the vessel deck to ensure the safety of the crew and vessel, the drone took off towards the vessel, landing on the dedicated area on the main deck where the parcel was retrieved by the officer on board.

Less labour dependent than delivery via launch, autonomous Unmanned Aerial Vehicles (UAVs) can potentially reduce delivery costs by up to 90% in some ports and have a smaller carbon footprint than launch boats. SPO has been an important partner during the detailed final preparation and operational testing of the drone, with the provision of its Anchor Handling Tug Supply.

We’re confident that this pioneering move of Wilhelmsen will create new opportunities for future collaborations with SPO, improve work efficiency and drive cost savings for players in the offshore industry,

...says Duncan Telfer, Commercial Director, SPO.

Signing a unique MoU with aeronautics company Airbus in June 2018, Wilhelmsen was tasked with setting up the necessary maritime and port operations, gaining relevant approvals from port authorities, with Airbus the overall Skyways system architect and provider, contributing its expertise in aeronautical vertical lift solutions to develop the UAS for shore-to-ship deliveries.

The ongoing pilot trial will for now, focus on offshore supply vessels at anchorage 1.5km from the pier. For safety reasons, flights will be limited to this distance for the time being, before the flight range is gradually extended to as far as 3km from the shore.

MPA Singapore is facilitating the trial, which started in late November 2018, through the interim use of Marina South Pier as the launching and landing point for Airbus’ delivery drone. At the same time, MPA has designated anchorages for vessels to anchor off Marina South for the trial.

The Civil Aviation Authority of Singapore is also working with Wilhelmsen and Airbus to ensure safety of the trials.

Source: Safety4Sea

Lakkotrypis Minister Exxon

MPs welcome news of gas find

Lawmakers on Tuesday sounded optimistic about ExxonMobil’s recent discovery of natural gas offshore Cyprus, some opining that the find could put the island back on the energy map.

MPs were given a behind-closed-doors briefing by Energy Minister Giorgos Lakkotrypis and head of ExxonMobil Cyprus Varnavas Theodosiou.

Speaking to reporters later, MP and chair of the House energy committee Andreas Kyprianou said the briefing confirmed “the very important results, especially optimistic for the Republic of Cyprus both in terms of energy and geopolitics.”

Last week Exxon announced a gas find of 5-8 trillion cubic feet (tcf) in an offshore field inside Block 10 of the island’s exclusive economic zone (EEZ). The discovery re-ignited talk of construction of a liquefied natural gas facility on the island, although more quantities of gas would be needed.

According to the information given to MPs, the US oil and gas giant is considering further drilling in the EEZ, within Block 10 and possibly in other licensed acreages.

“The signs are encouraging,” said Diko MP Angelos Votsis.

“Most importantly, ExxonMobil are here to stay, and their interest in the Cypriot EEZ remains strong.”

The recent discovery boosts prospects of having an LNG plant in Cyprus, although this would take years and depended on additional gas discoveries, Votsis added.

For it to be viable, an LNG plant would require a capacity of 10 to 15 tcf. The 5 to 8 tcf discovered in Block 10 falls well short of that, but Exxon have intimated they will continue their search for gas.

For his part, Akel’s Costas Costa welcomed the discovery but said that at the same time it puts the onus on the government to develop a coherent and consistent energy policy.

The Akel deputy also asked the energy minister for an update on the talks between Cyprus and Israel regarding the commercial development of the Aphrodite gas reservoir in Block 12.

A small part of the reservoir is said to lie within Israel’s EEZ. The companies involved on either side have thus far not reached agreement on how to divvy up the resources.

According to Costa, Lakkotrypis said only that negotiations with Israel are ongoing.

The energy minister was also asked about the state of play in the talks between the government and the companies holding the concession on the Aphrodite field (Noble, Delek and Shell).

The companies are reportedly seeking to amend the production-sharing contract they signed with the government.

Lakkotrypis told MPs that discussions on this are continuing and that an outcome should be expected “soon.”

Source: Cyprus Mail

new private electricity power plant in cyprus

Private power plant marks ‘new era for energy sector’

The operation of the first power plant by a private initiative will mark the beginning of a new era in the energy sector and contribute to significantly lower electricity prices, President Nicos Anastasiades said on Friday after laying the foundation stone for the plant at Vassiliko.

At a cost of some €200m, the plant of Power Energy Cyprus (PEC) is due to be completed late 2020 or early 2021.

Chairman of Cyfield group of companies which will construct the plant, Kyriacos Chrysochos, said it would have the capacity to produce 260 MW and would be able to serve up to a third of the current needs of the country.

Households, he said, would immediately notice the difference in their monthly expenditure and businesses’ cost would drop.

The station will operate with a new combined cycle technology, with two gas turbines, which will burn natural gas, and a turbine to convert emissions into steam and use it for extra electricity, he said.

The power generated from the new plant will be available through the electricity authority’s grid, while the network will be managed by an independent authority, the Cyprus Transmission System Operator.

“The electricity produced at the plant will be directly supplied to consumers, who will have the option of connecting and purchasing electricity from the supplier of their choice,” he said.

In his address, Anastasiades said that the project was of strategic value to Cyprus as it would contribute to changing the electricity supply map in the country.

“It is at the same time a project which will contribute to both the growth of the country’s economy and to significant reduction in the price of electricity throughout the economic spectrum,” he said.

The project, he said, was planned, funded and was being implemented solely on private initiative and funds. He said however that the reform of the regulatory framework was also necessary.

For this reason, he said, the government had modified the electricity market regulations, strengthened the Cyprus Transmission System Operator with additional personnel and amended the legal framework so that the Energy Regulatory Authority (Cera) could establish a transitional arrangement.

Furthermore, he said, the government made changes within the state-run electricity authority (EAC) “in order to enhance transparency and regulatory control… in order to be able to support the state’s objectives in terms of the management of renewable sources in the country’s energy blend.”

“Our actions to open the internal energy market are constantly expanding,” Anastasiades said.

Cera, he said, has already issued 10 new supply licences to independent suppliers, while two more applications for a supply licence are under consideration.

Energy costs and lack of environmentally friendly choices has been an obstacle to the growth potential of the country, he said.

The new energy landscape would create prospects for those growth initiatives that had been shelved while households would also benefit, he added.

But the reduction in the cost of electricity for businesses and households, he said, will come through the coordinated promotion of the four main pillars of energy policy; the operation of a robust competitive electricity market, the arrival of natural gas and its use in power generation, the promotion of renewable energy sources, along with the installation of intelligent electrical energy storage systems and systems and promoting measures to increase energy efficiency.

Anastasiades said that the government has also launched procedures to create the necessary infrastructure for importing natural gas for use in power generation.

“The cost of these investments is particularly high and that’s why I consider it a great success for our country that we have secured from the European Union funding to the tune of €101m for the creation of the necessary infrastructure,” he said.

The combined cycle gas turbine power station is being located on land leased from the Cyprus Ports Authority north of the Evangelos Florakis naval base.

Source: Cyprus Mail

Liner vessels calling limassol

Vessels calling Limassol

A list of vessels that call Limassol port regularly.

Vessels that are on regular liner routes to Limassol from various ports.

Ship IMO

Ship Name

9134153 WEC MAJORELLE
9390824 LUCY BORCHARD
9216353 SARA BORCHARD
9336294 LOUISE BORCHARD
9354454 JOANNA BORCHARD
9212010 RACHEL BORCHARD
9212034 RUTH BORCHARD
9212022 CHARLOTTE BORCHARD
9220861 NICOLAS DELMAS
9235385 JANINA
9139646 KRETA
9105970 EGY GLORY
9141106 DELTA NORTH
9123922 IRENES LOGOS
9236286 ASIATIC ORCHID
9227912 GRANDE ITALIA
9143702 GRAN BRETAGNA
9138393 GRANDE MEDITERRANEO
9030852 FIDES
9220627 GRANDE ELLADE
9214525 MARY SCHULTE
9354674 A.OBELIX
9202170 UNI-PHOENIX
9305934 X-PRESS NILE
7358573 GOLDEN IRIS
9141780 MSC GIANNINA
9224051 MSC RHIANNON
8512891 MSC AUGUSTA
9203502 MAIRA
9320427 MSC GENEVA
9246346 E.R.ELSFLETH
9316347 MSC HANNAH
9236688 MSC ELBE
9320441 MSC CAROUGE
9313450 ANWAAR AL NASER
9291224 GAZ INTERCEPTOR
9448499 GAZ SERENITY
9506162 GAZ VENTURE
8001763 GAZ UNITY
9249685 GAZ CENTURY
9733533 Epic Sentosa
9260366 TAMARA
9438066 MARINA
8020604 ALEXO
9162681 ALASA
9444778 NORDIC PRINCE
9358539 MAX PRIDE
9313967 SEAGO BREMERHAVEN
9313917 SEAGO FELIXSTOWE
9313943 SEAGO ISTANBUL
9313955 SEAGO PIRAEUS
8024014 THOMSON SPIRIT
9189354 DIMITRIS Y
9211169 E.R. PUSAN
Castorone Saipem Vessel

Saipem and Petrobel Zohr development

SAIPEM: LETTER OF INTENT FOR THE AWARD OF NEW E&C OFFSHORE WORK ORDER FOR THE RAMP UP TO PLATEAU PHASE OF THE ZOHR FIELD DEVELOPMENT PROJECT, WORTH MORE THAN 1.2 BILLION USD

San Donato Milanese (Milan), December 20, 2018 - Saipem and Petrobel have negotiated an offshore contract addendum worth more than 1.2 billion USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Ramp Up to Plateau” phase of the “supergiant” Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.

Petrobel is a 50-50 joint venture between EGPC (Egyptian General Petroleum Corporation) and IEOC (an Eni subsidiary in Egypt) and is in charge of the development of Zohr on behalf of PetroShorouk, a joint venture between EGAS (Egyptian Natural Gas Holding Company) and IEOC, Rosneft, BP and Mubadala Petroleum.

The current addendum to the work includes the installation of a second 30-inch diameter gas export pipeline, infield clad lines, umbilicals and electrical/fiber optic cable, as well as EPCI work for the field development in deep water (up to 1700 metres) of 10 wells.

The Ramp Up to Plateau phase is scheduled to commence in January 2019, in direct continuity with the Optimised Ramp Up phase which has been completed in an outstanding 17-month project execution period from its contract award.

In this new phase of works, Saipem will deploy a range of highly specialised vessels including the Castorone, the latest generation of ultra-deep water pipelayer; the FDS, a subsea field development ship; the Heavy Lift Vessel S7000; the DP3 subsea construction vessel Normand Maximus; the subsea construction vessel Saipem 3000; the pipelay vessel Castoro Sei and the multipurpose Normand Cutter and Far Samson vessels.

Stefano Cao, Saipem CEO, said: “This further award of works on the Zohr development represents a new recognition of our proven capacity to embrace our client’s objectives at the early stages of cooperation and bring them to a conclusion. The innovative assets and technologies already used in the previous phases, and the ability to build solid local partnerships, will also ensure the success of this latest phase”.

Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content.

Source

Castorone Saipem Vessel

new bigger gantry cranes for Limassol port

New bigger cranes for Limassol

Limassol port container terminal operator Eurogate said Tuesday it has taken delivery of two new gantry cranes that will enable the company to handle the biggest cargo ships worldwide.

Eurogate said the Super Post – Panamax cranes arrived on Tuesday and would be put in operation as soon as possible.

The company’s director, Giorgos Pouros, said the cranes will allow the company to offer better service since they can handle the largest ships in the world.

The gantries were manufactured in Italy and can serve ships with the capacity of carrying 23 rows of containers across their deck. Their acquisition is part of a €30m investment package.