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Cyprus is in the ascendancy. It is expanding its offering to shipowners, shipmanagers and charterers, predicting growth in the Cyprus-registered fleet and an increase in shipping businesses relocating to Cyprus within the next 24 months. With a new Deputy Ministry of Shipping and a step towards a true national shipping policy, could Cyprus finally fulfil its potential?
New status for maritime administration underlines the importance given to the industry
However, the thorny issue of the Turkish ports embargo will have to be settled if the flag is to compete without a severe handicap
As he nears the end of his term, Marios Demetriades is proud of the growth seen in the island’s maritime cluster
Latest From Cyprus
Co-operation and partnership both between and across national boundaries in the company’s global business have helped it achieve success
The loyalty and resilience of the shipping sector in Cyprus, which is chiefly known for its strength in shipmanagement companies, is being recognised politically
The money associated with China’s One Belt, One Road strategy and the strong links Greek ports have to central and eastern European markets have been handing a much-expanded role to the country’s reports
Greek-owned fleet’s global reach and trading patterns have always impressed — but, if anything, its footprint is becoming even more evenly spread with rapid expansion in Asia and Africa
Minoan Lines has positioned itself to thrive in 2020, but fuel costs remain a volatile factor for any ferry operator
Cyprus has long been a major shipmanagement centre and managers tend to have remained true to the island for many years
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