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Cyprus applies new shipping promotion strategy

Cyprus’ new shipping promotion strategy demanded a significantly increased presence in important maritime capitals with a number of visits and road shows in Hong Kong, China, USA, UK, Germany and Greece.

This is what President Nicos Anastasiades on Friday told the 28th Annual General Meeting of the Cyprus Shipping Chamber in Limassol.

“In addition, a study for the identification of new shipping markets and ship types has been recently completed and it will be fully utilised within 2017 with the aim to increase our fleet,” he added.
The President also said that shipping is a sector for which there has been a general consensus between political parties and governments throughout the history of Cyprus.

And that measures or actions that facilitate towards its further enhancement must be supported, he added before calling on all political parties to approve the submitted proposed bill for the establishment of a Deputy Ministry of Shipping.

“We strongly believe that the transformation of the Department of Merchant Shipping into an autonomous Deputy Ministry for Shipping and its planned restructuring will increase the functionality, effectiveness and flexibility of our public shipping administration,” he said.

“It will have a direct and immediate effect in the further development of both our flag and our maritime cluster,” he added.
Anastasiades also referred to the island’s Shipping Taxation System and the overall operational infrastructure saying it is gaining strength.

It is very gratifying to see that more companies are attracted to Cyprus, he added.

“In turn, we are committed to exploiting this positive momentum in order to ensure that the competitiveness of Cyprus Shipping will be strengthened even more,” he said.

“Always within the spirit of the EU State Aid Guidelines for Maritime Transport, which are essential for the viability and further development of EU shipping in general,” he added.

Regrettably, the President noted, Cyprus Shipping is still faced with the trade prohibitions imposed by Turkey on Cyprus ships calling at Turkish ports.

And he ensured that this issue has been placed on the list of the Cyprus Government priorities.

“Our efforts will be intensified and continue until these illegal trade restrictions are lifted the soonest,” he said.

“I am convinced that we will all together continue the hard work towards our goal, which is not only to maintain Cyprus’ leading role in the international shipping scene but to further develop and upgrade Cyprus shipping,” he added.




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