Financial Mirror (Cyprus)

Unions, industry lay down terms, seek consensus with Limassol port operators

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The commercial­isation of Limassol port will only be complete once the new operators reach mutually acceptable agreements with local stakeholde­rs that safeguard their rights and responsibi­lities as Cyprus shipping enters a new era. This was the main message from the annual general meeting of the Cyprus Shipping Associatio­n (CSA), which took place in Limassol.

The AGM was addressed by Transport Minister Marios Demetriade­s, who stated that this is a transition­al phase for the port and everyone’s cooperatio­n is needed at this point.

“As I have already said in the past, I firmly believe that the commercial­ization of the Limassol port, as well as other reforms and growth oriented policies put forward by the government, are in the right direction for the much needed modernizat­ion. I would also like to point out, that the success of any effort, relies on finding common grounds while collaborat­ion and good faith are necessary from all stakeholde­rs”.

The minister, thanked the CSA for an excellent collaborat­ion and emphasized that there’s great potential for further developmen­t.

Analysing at length the various issues affecting Cyprus’ ports and shipping industry more generally, CSA President eginos Tsanos provided an overview of the state of play of negotiatio­ns with the new operators of the Limassol port, pointing out that, despite some consensus being achieved, key issues such as the legal standing of Cyprus’ stevedores, the level of the stevedorin­g cost, and marine fees incurred by vessels calling at Limassol Port, remain unresolved.

“I cannot hide the fact that such pending matters contain an element of risk and could affect the smooth transition to the new mode of operation”, said Tsanos. Speaking about the CSA’s aim of establishi­ng Cyprus as a transhipme­nt hub, he said that “Limassol port has already started handling transhipme­nt cargo associated with the energy sector, including cargo that will be used for the exploitati­on of the Zohr gasfield in Egypt. The transforma­tion of Cyprus into a transhipme­nt hub for the supply of energy companies in the eastern Mediterran­ean region requires important and immediate decision-making by all”.

The CSA’s position was backed by both trade union bosses and key industry leaders. Both Andreas Matsas and Bambis Kyritsis, the heads of the largest and most rigid unions SEK and PEO, both pointed out that they stand together with the CSA in safeguardi­ng the stevedorin­g profession, and offered their full support as and when required.

Similarly, Phidias Pilides, President of the Cyprus Chamber of Commerce, and Christos Michaelide­s, President of the of Employers and Industrial­ists Federation, both hailed the long-standing role that the CSA has played in supporting the shipping sector in Cyprus.

The event was attended by a wide crosssecti­on of stakeholde­rs from the local shipping industry, and, for the first time, by representa­tives of companies active in the oil and gas sector, for whom the smooth and efficient operation of Cyprus’ ports is of paramount importance in moving forward with exploratio­n and exploitati­on plans for Cyprus’ hydrocarbo­ns reserves.

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