Cypriot ship register grows 20% in two years

With Greece’s shipping manufacture having a strong showing successful Limassol astatine the start of the biennial Maritime Cyprus 2025 fair, Cyprus has seen its nationalist registry turn a singular 20% successful the past mates of years.

Indeed, 1 of the superior objectives of the Cypriot government, which was the qualitative and further strengthening of the Cyprus vessel registry, has been achieved, arsenic Cyprus President Nikos Christodoulides stressed connected Sunday, noting the 20% summation successful the past two years.

“This accomplishment is mostly owed to the strengthening of the practice we person achieved with the shipowning assemblage of Greece and the shipping companies based successful Cyprus, arsenic well arsenic the steadfast support of Cypriot shipowners,” the president stressed successful his code during a ceremonial meal hosted astatine the Presidential Palace connected the juncture of the Maritime Cyprus Conference, which concludes connected Wednesday.

Earlier connected Sunday, President Christodoulides had abstracted meetings with Secretary-General of the International Maritime Organization Arsenio Dominguez, European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas, Greece’s Minister of Maritime Affairs and Insular Policy Vasilis Kikilias, arsenic well arsenic elder executives of planetary shipping companies.

In his code during the dinner, Christodoulides said that a strong Cypriot vessel registry strengthens Cyprus’ presumption connected the shipping map, and besides strengthens Cyprus promotion astatine an planetary level, with ships flying the Cypriot emblem traveling to each corners of the Earth.

“This is adjacent much important for us, a state that has been under Turkish concern for 51 years,” the president underlined. 

He besides noted the governmental will to further strengthen and amended the model of services Cyprus is providing to shipping companies, “so that we tin respond afloat and efficaciously to the demanding operating model of the shipping industry.”

A cardinal precedence for Nicosia, helium continued, is strengthening the maritime clump successful Cyprus, which is simply a strong manufacture with a multifaceted contribution.

He besides said that the gross generated by the vessel absorption assemblage during the 2nd fractional of 2024 came to 918 cardinal euros, which equaled 5.28% of Cyprus’ GDP. This contribution, helium pointed out, recorded an yearly summation of 27%.