On Friday, January 13, the shipping minister of Cyprus announced a string of measures to boost the shipping industry reeling under the effect of deflections resulting from the sanctions on Russia. One of the suggestions was to renew the tonnage tax system automatically.
Being one of the largest shipping islands in the EU islands, the country suggested this to the European Commission as the December 5 price cap on fuel is affecting them.
On December 5, the European Union countries and Australia...