Ship­ping has weath­ered the cri­sis

Financial Mirror (Cyprus) - - FRONT PAGE -

The ship­ping in­dus­try has weath­ered the global and Cyprus fi­nan­cial crises, demon­strat­ing “re­mark­able re­silience,” Trans­port Min­is­ter Mar­ios Deme­tri­ades said, adding that the sec­tor is look­ing to the fu­ture with con­fi­dence.

Ad­dress­ing the an­nual gen­eral meet­ing of the Cyprus Union of Shipown­ers at the Athens Le­dra Ho­tel, the Min­is­ter thanked the Union for trust­ing, sup­port­ing and pro­mot­ing the Cyprus flag and Cyprus ship­ping, since its es­tab­lish­ment.

Ship­ping is vi­tal to Cyprus, Deme­tri­ades said, not­ing that it con­sti­tutes an im­por­tant pil­lar for the coun­try’s de­vel­op­ment, by at­tract­ing for­eign in­vest­ment.

Dur­ing the mem­bers’ meet­ing, the Union of Shipown­ers elected An­dreas Had­jiyian­nis as its new Pres­i­dent and Polys L. Haji-Ioan­nou was reap­pointed as Hon­orary Pres­i­dent. Also on the Ex­ec­u­tive Com­mit­tee are Vice Pres­i­dent Anas­tas­sis David and Chris­tos Chrysan­thou, and out­go­ing Pres­i­dent Ge­orge Mouskas.

The re­main­ing mem­bers and of­fi­cers of the board are Ni­nos Ya­makis (Trea­surer), Elias An­ge­lakos, Zacharias Zachar­iou, Mark Clerides, Dr. John Cous­tas, An­to­nis Mikel­lides, Ni­cole My­lonas, Ge­orge Tsavliris, Dr. Ni­co­las Had­jiyian­nis and Nikos V. Ha­jioan­nou.

The elec­tions were fol­lowed by an ex­ten­sive dis­cus­sion of mat­ters per­tain­ing to the strength­en­ing of the co­op­er­a­tion be­tween the govern­ment and shipown­ers for fur­ther im­prove­ment of the Cyprus flag and for en­hanc­ing the Cyprus ship­ping role in the na­tional econ­omy.

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