8 October, 2019
Within the spirit of enhancing their existing cooperation in the service of Cyprus Shipping, the Cyprus Shipping Chamber (CSC) and the Cyprus Union of Shipowners (CUS) have been conducting a serious effort the last few months in order to establish ways for an even closer cooperation. To that end, we are very pleased to advise that the Board of Directors of both Associations, have recently approved a Merger Agreement Outline.
The aim of this effort is, through the merging of the CSC and CUS, to create a new unified association representing Cyprus shipowners, shipmanagers and the wider Shipping Industry at large, in Cyprus and internationally, on all policy, operational and labour shipping matters, administered by one Secretariat.
The Merger Agreement Outline will soon be presented in detail to the CSC/CUS Members respectively, for consideration and subsequent formal approval, together with all the relevant transitional arrangements that will need to be taken in order for the new association to be formally set up.
With the Cyprus Shipping Chamber completing this year, 30 years of multifaceted and active work in the service of Cyprus Shipping, this is indeed a very important development and promising opportunity for the future of Shipping in Cyprus.
More details on any further developments on this matter will be made available, as when occur.