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Cyprus Shipping Deputy Minister Outlines Maritime Decarbonization Priorities In Brussels Forum

Overview Of The Brussels Engagement

Cyprus Shipping Deputy Minister Marina Hadjimanolis is scheduled to travel to Brussels on Wednesday, in preparation for Thursday’s pivotal EU transport ministers meeting. The discussions are poised to focus on establishing global measures to decarbonize the maritime sector and setting the agenda for the Cyprus EU Council Presidency in the first half of 2026.

Shaping The Maritime Sector’s Future

During the meeting, Hadjimanolis will present Cyprus’ strategic priorities on maritime transport. Central to her agenda is the sector’s transition towards cleaner fuel options and the formulation of internationally coordinated emissions rules. These initiatives are expected to bolster efforts across the EU in reducing the environmental impact of maritime operations, thereby enhancing the sustainability of global shipping practices.

Bilateral Diplomacy And Strategic Dialogue

While in Brussels, the Deputy Minister will also engage in bilateral discussions with her counterparts from various EU member states. Notably, these include ministers from Denmark, which currently holds the Council Presidency, and from Ireland, poised to assume the role starting July 1, 2026. These meetings underscore the collaborative approach needed to navigate the complexities of aligning national and EU-wide maritime policy objectives.

Conclusion

The initiative marks a significant step in reinforcing the EU’s commitment to maritime decarbonization. As stakeholders converge in Brussels, Cyprus is set to play a critical role in sculpting a more sustainable future for the shipping industry, ensuring that economic growth aligns with environmental stewardship.

Rolls-Royce Raises Guidance As Defense And Power Systems Drive Growth

Rolls-Royce raised its full-year profit and cash flow guidance after reporting stronger-than-expected first-half results, supported by growth across its civil aerospace, defense and power systems businesses.

Underlying operating profit rose 46% year on year to £2.5 billion ($3.3 billion) in the first six months of 2026, while revenue increased more than 24% to £11.3 billion.

The company now expects full-year underlying operating profit of £4.7 billion to £4.9 billion, up from previous guidance of £4 billion to £4.2 billion. It also raised its free cash flow forecast to £3.8 billion to £4 billion, compared with £3.6 billion to £3.8 billion previously.

Shares rose as much as 6% in early trading before paring gains to trade about 4% higher.

Data Center Demand Supports Power Systems

Chief Financial Officer Helen McCabe told CNBC that orders in Rolls-Royce’s data center power business increased by more than 50% in the first half as operators invested in backup and on-site power systems.

The company has benefited from growing demand for power infrastructure as data center operators expand capacity.

Defense Spending Provides Additional Support

McCabe also said Rolls-Royce expects to benefit from higher defense spending in the U.K. and across NATO countries. She cited the U.K.’s long-term defense investment plan, which provides funding visibility through 2030 and beyond.

“We’ve had very positive initial conversations with the new government,” McCabe said, adding that the company supports its focus on growth, defense and industrial manufacturing.

Turnaround Continues

Chief Executive Tufan Erginbilgic said the company’s transformation strategy continued to deliver results. “Our transformation continues to deliver,” he said in a statement. “We have unlocked new growth opportunities across the Group.”

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