Adami: “We can de­velop a sus­tain­able ship­ping model for Cyprus”

Financial Mirror (Cyprus) - - FRONT PAGE -

The Min­istry of Trans­port, Com­mu­ni­ca­tions and Works will do its ut­most to en­hance the com­pet­i­tive­ness of the Cyprus flag and its mar­itime clus­ter, Min­is­ter Mar­ios Deme­tri­ades has said, not­ing that “our ship­ping prod­uct needs re­brand­ing and re­struc­tur­ing.

Ad­dress­ing the An­nual Gen­eral Meet­ing of the Cyprus Ship­ping Cham­ber, Min­is­ter Deme­tri­ades said that Cyprus has be­come “a fully-fledged, well-known and re­spected mar­itime cen­tre, com­bin­ing both a sovereign flag and a res­i­dent ship­ping in­dus­try which is prom­i­nent for its high qual­ity ser­vices and stan­dards of safety”.

He noted that “de­spite the in­ter­na­tional ad­verse eco­nomic con­di­tions and the fi­nan­cial dif­fi­cul­ties that our coun­try has faced in the last years, the Cyprus ship­ping sec­tor has man­aged to main­tain its com­pet­i­tive­ness and per­spec­tives, as a re­sult of com­bi­na­tion of ef­forts from the public and pri­vate sec­tors. Ship­ping has, in fact, evolved in re­cent years, into one of the lead­ing driv­ers of our econ­omy and is help­ing Cyprus nav­i­gate to re­cov­ery, in its ca­pac­ity as a gate­way of for­eign in­vest­ments to our is­land”.

Given its im­por­tance, he added, “ship­ping and its sus­tain­able growth is one of the main con­cerns and pri­or­i­ties of the gov­ern­ment”.

“Both my­self, as the po­lit­i­cal head of mer­chant ship­ping, and our gov­ern­ment re­alise that the ship­ping sec­tor has stag­nated dur­ing the last years and ac­tion is needed. This is due to both the in­creas­ing com­pe­ti­tion that Cyprus faces from com­pet­i­tive mar­itime cen­tres, as well as the prob­lems that the ship­ping in­dus­try has been experiencing in re­cent years. Our ship­ping prod­uct needs some kind of re­brand­ing and re­struc­tur­ing. We need to be­come more ag­gres­sive in pro­mot­ing our flag and in­ten­sify ef­forts to at­tract more com­pa­nies to the is­land”, he said.

The Min­is­ter noted that “in an ef­fort to de­velop a com­pre­hen­sive strate­gic devel­op­ment plan for the ship­ping sec­tor, a study has been re­cently com­pleted. The study pro­poses mea­sures that would strengthen the Cyprus mer­chant fleet and the ship­ping clus­ter”.

Tak­ing into con­sid­er­a­tion the study, he said, “as well as other rec­om­men­da­tions made from both the Depart­ment of Mer­chant Ship­ping and the pri­vate sec­tor, we are plan­ning to im­ple­ment a num­ber of op­er­a­tional changes in the next few months. Among oth­ers, it in­cludes the of­fer­ing of in­cen­tives to the pri­vate sec­tor for busi­ness devel­op­ment, the strength­en­ing of of­fices abroad, the in­ten­si­fi­ca­tion of pro­mo­tion events and other op­er­a­tional changes, in­clud­ing up­grad­ing of our soft­ware pro­grammes and 24 hour ser­vice for our clients”.

“I also in­tend to cre­ate a per­ma­nent link be­tween the pri­vate and public sec­tor with the ob­jec­tive to find ways to pro­mote ship­ping in Cyprus. Our first mission will be to pre­pare a pack­age of in­cen­tives that could be of­fered to mar­itime com­pa­nies to re­lo­cate to Cyprus”, he added.

In the medium term, he said, “we also need to change the way we work, by pro­vid­ing the Depart­ment of Mer­chant Ship­ping with the nec­es­sary flex­i­bil­ity to ful­fil both its reg­u­la­tory, as well as its busi­ness devel­op­ment role. It has al­ready been in­cluded in the terms of ref­er­ence of the re­struc­tur­ing study, which is cur­rently un­der re­view”.

He ex­pressed his con­vic­tion “that the ship­ping in­dus­try of Cyprus se­cures through its knowl­edge, ex­per­tise and ad­e­quate hu­man cap­i­tal, the fur­ther devel­op­ment and growth in the sec­tor and re­vi­tal­i­sa­tion of the Cyprus econ­omy”.

Capt. Eu­gen Adami, Pres­i­dent of the Cyprus Ship­ping Cham­ber, told of­fi­cials and del­e­gates at the 26th An­nual Gen­eral Meet­ing at the “Four Sea­sons” Ho­tel, in Li­mas­sol, that, with the in­tro­duc­tion of spe­cific ad­di­tional mea­sures re­lated to the lift­ing of the Turk­ish em­bargo on Cyprus ships, the cre­ation of an “In­sti­tute of the Sea” and the up­grade of the Mar­itime Ad­min­is­tra­tion, Cyprus can suc­cess­fully de­velop a “Sus­tain­able Ship­ping Model”.

In this re­spect, Capt. Adami ap­pealed to all po­lit­i­cal par­ties to give se­ri­ous con­sid­er­a­tion to the find­ings of the “Study for the Fu­ture of Cyprus Ship­ping”, which was ini­ti­ated by the Min­istry of Trans­port and urged them to ap­prove the rel­e­vant bill pending in Par­lia­ment for the cre­ation of an “Un­der-Sec­re­tary for Ship­ping”.

The CSC Pres­i­dent said that the new po­si­tion, in com­bi­na­tion with the for­ma­tion of a com­pre­hen­sive na­tional pol­icy on ship­ping, will give the nec­es­sary i mpe­tus for fur­ther growth and en­hance­ment of this sec­tor which is so im­por­tant econ­omy.

In his ad­dress to the CSC meet­ing, Pres­i­dent Ni­cos Anas­tasi­ades praised and con­grat­u­lated the Cham­ber for its con­tin­u­ous con­tri­bu­tion and ac­tive in­volve­ment in fur­ther de­vel­op­ing of ship­ping sec­tor.

He also de­scribed ship­ping, as one of the main sec­tors help­ing in the full re­cov­ery of the econ­omy and as a cat­a­lyst for new eco­nomic growth.

Pres­i­dent Anas­tasi­ades also re­ferred to the study and stated that based on its find­ings,


the the prospects for fur­ther devel­op­ment of Cyprus ship­ping is both tan­gi­ble and vi­able.

Dur­ing the meet­ing, An­dreas Chrysos­to­mou, Act­ing Direc­tor of the Depart­ment of Mer­chant Ship­ping (DMS), also gave a pre­sen­ta­tion about the lat­est de­vel­op­ments. Chrysos­to­mou has been nom­i­nated by the Cyprus gov­ern­ment and is one of the main can­di­dates for the po­si­tion of Sec­re­tary Gen­eral at the In­ter­na­tional Mar­itime Or­gan­i­sa­tion (IMO), for which the Trans­port Min­is­ter is also lob­by­ing to se­cure, to­gether with mem­bers of the CSC and other ac­tive ship own­ers and ship-man­agers.

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