News Content
Cyprus to launch new shipping strategy with 'favourable' incentives
IN a bid to further develop its shipping sector, the government in Cyprus is planning to offer "a package of favourable incentives" with the future objective of consolidation in mind.
"I am confident that the effective and successful implementation of the new Cyprus Shipping Strategy, along with the restructuring of the Maritime Administration, which is also in progress, will widen the horizons of our shipping industry and create new opportunities for expansion into new markets," said Transport Minister Marios Demetriades.
Mr Demetriades highlighted that Cyprus has established itself as a leading international shipping centre, offering a number of competitive services to the shipping industry as well as other advantages for foreign investors, reported New York's MarineLink.
It is estimated that 55,000 seafarers of various nationalities are employed on ships managed by Cyprus-based shipping companies.
"Equally important is the fact that these companies employ around 4,500 people ashore," said Mr Demetriades.
"I am confident that the effective and successful implementation of the new Cyprus Shipping Strategy, along with the restructuring of the Maritime Administration, which is also in progress, will widen the horizons of our shipping industry and create new opportunities for expansion into new markets," said Transport Minister Marios Demetriades.
Mr Demetriades highlighted that Cyprus has established itself as a leading international shipping centre, offering a number of competitive services to the shipping industry as well as other advantages for foreign investors, reported New York's MarineLink.
It is estimated that 55,000 seafarers of various nationalities are employed on ships managed by Cyprus-based shipping companies.
"Equally important is the fact that these companies employ around 4,500 people ashore," said Mr Demetriades.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
