Cyprus pledges support for shipping in adapting to challengesCyprus pledges support for shipping in adapting to challenges

Indeed, a strong Cyprus ship registry strengthens the country’s voice internationally, making it a protagonist in formulating maritime policy and sending a clear message that illegal restrictive measures and violations of international law cannot be accepted.

The country’s Shipping Minister Marina Hadjimanolis underlined this when commenting at a conference to launch Maritime Cyprus 2023 taking place on October 8 to 11 in Limassol with around 900 members of the shipping community registering their participation.

Noting that major changes were expected in shipping, such as decarbonisation, Hadjimanolis assured that the government fully understands the concerns expressed by the industry.

“We are working in partnership with all stakeholders to find the solutions that will make it easier for global shipping to adapt to the new major challenges,” she said.

Hadjimanolis also referred to the efforts of her Ministry to ensure a competitive registry in line with the modern era and values such as immediacy, quality and modernisation, thus, she said “laying solid foundations for a promising future for the Cypriot registry and our maritime complex”.

She said commercial shipping in Cyprus had developed rapidly in recent decades, and the country is a modern, efficient and comprehensive shipping centre.

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Despite the difficulties, “we have managed to maintain a strong record of prestige and quality”.

“Cyprus has established itself as one of the highest-quality, most durable and competitive flags in the world, strengthening its position on the global maritime map” noting this year’s conference theme is ‘Shipping in Action: An Agenda for Change.

Today, the 60-year old Cypriot maritime registry is one of the largest worldwide, and the biggest third-party ship management centre in the EU. More than 20% of the worlds’ third-party management fleet is managed by companies based in Cyprus.

Limassol, the heart of Cyprus’ maritime cluster, is home to over 200 companies that provide shipping and shipping-related services ranging from ship ownership and management to shipping insurance, ship finance, brokerage, bunkering, ballast water system production, marine training, maritime technology in satellite and radio systems, and many more.