Shipping Deputy Ministry marks one year - Our common target: cooperation for further development of Cyprus Shipping

The Cyprus Shipping Chamber welcomes the successful completion of one year since the establishment of the Shipping Deputy Ministry. 1 March 2018, marked a historic day for Cyprus Shipping, since the Deputy Ministry commenced its operation. Since its establishment, the Shipping Deputy Ministry has progressed with regard to its internal restructuring, aiming to make the Cyprus Maritime Administration even more modern, efficient and industry-focused, and thus, even more business friendly to Cyprus-related Shipping companies.

Based on a Study which presented substantial suggestions and recommendations as to how the new Shipping Deputy Ministry should be structured, the Chamber is pleased to see that the new structure of the Deputy Ministry is now fully in force and operational.

With such positive developments, it is clear that the prospects of further development for Shipping are very real indeed and are strengthened further in view of the implementation of the National Shipping Strategy by the Shipping Deputy Ministry in cooperation with the Shipping Industry and the implementation of new supportive measures and flexible mechanisms, which will facilitate the further promotion of Cyprus Shipping, strengthen the competitive advantages of Cyprus, in order to attract additional quality shipowning and shipping related companies in Cyprus and expand the Cyprus registry, resulting to a positive impact on the Economy as well.

With the establishment of the Shipping Deputy Ministry and having the above targeted strategy in place, both the Shipping Industry and stakeholders must focus on further coordination, with aligned objectives and vision, strengthening the representation of Cyprus Shipping in International and European Organisations and promoting common interests for its benefit. The common target of all stakeholders should be the further development of Cyprus Shipping, thus making it ready to respond to the emerging demands of the World Economy and global competition.