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The cruise industry in the Baltic Sea continues to grow according to the latest Cruise Baltic Market Review.

Cruise Baltic is hailed to be the first cruise network to become completely paperless. The initiative is in line with the ambition for the Baltic Sea to be the most sustainable cruise destination in the world.

Kition Ocean Holdings, an Israeli organisation and Cyprus have recently reached an agreement, submitting a proposal for more than EUR1 billion for the development of the existing marina and port at Larnaca.

The project, according to the International Boat Industry, could be the largest in this type of investment in Cyprus to date.

The Larnaca marina is proposed in having berthing for 650 vessels from 5 m-150 m, as well as traditional dining venues, recreational and green areas, playgrounds, hotels, commercial spaces, luxury villas, and a unique educational and medical centre where students will be able to study and practice hotel management, medical studies and courses related to blue marine economy and services.

It is also proposed that an expansion and modernisation to the port to serve its existing tenants more efficiently as well as becoming a magnate for new companies such as commercial cruises, transport and energy. The joint venture anticipates the creation of 2,500 jobs upon completion.

The proposal was submitted with all the required financial and other collateral required, and the venture said it was ready to begin the project implementation immediately.

 

Century Travel, a cruise specialists in Cyprus is welcoming Emerald Azzurra to Limassol for its inaugural cruise in 2021.

River cruise specialist, VIVA Cruises, is re-launching its flagship vessel VIVA TIARA in March of this year.

Cyprus Shipping recently achieved the successful prolongation of the Cyprus Shipping Taxation System for another 10 years by the European Commission, which had been submitted for official approval on 6 November 06, 2019.