Mar­itime sec­tor: even brighter fu­ture

Financial Mirror (Cyprus) - - FRONT PAGE -

The Cyprus Ship­ping Cham­ber has been the rep­re­sen­ta­tive body of the lo­cally based ship­ping in­dus­try, since its es­tab­lish­ment in 1989. As such, it is one of the clos­est col­lab­o­ra­tors of the Min­istry and of the Depart­ment of Mer­chant Ship­ping for the de­vel­op­ment and im­ple­men­ta­tion of the Govern­ment’s ship­ping pol­icy. Your con­tri­bu­tion, sup­port and co­op­er­a­tion in all ship­ping mat­ters re­lat­ing to tech­ni­cal and pol­icy is­sues, as well as in mod­ernising the mar­itime leg­is­la­tion, pro­mot­ing the Cyprus flag and Cyprus ship­ping and in the or­gan­i­sa­tion of the “Mar­itime Cyprus” Con­fer­ence, is sub­stan­tial and much ap­pre­ci­ated.

The Cyprus Ship Registry to­day, ranks among the lead­ing ship reg­istries in­ter­na­tion­ally and has the third largest mer­chant fleet within the Euro­pean Union. The main­te­nance of a high qual­ity fleet and the ef­fec­tive im­ple­men­ta­tion of the in­ter­na­tion­ally ap­pli­ca­ble safety, se­cu­rity and en­vi­ron­men­tal pro­tec­tion stan­dards, is the foun­da­tion on which Cyprus builds its rep­u­ta­tion as a se­ri­ous mar­itime flag and as a base for in­ter­na­tional op­er­a­tions.

Cyprus Ship­ping of­fers a wide range of fis­cal and eco­nomic in­cen­tives, in­clud­ing com­pet­i­tive ship reg­is­tra­tion costs and an­nual ton­nage taxes, en­sur­ing the fleet´s world­wide com­pet­i­tive­ness. The Cyprus Ton­nage Tax Sys­tem, which has been ap­proved by the Euro­pean Com­mis­sion in 2010, cre­ates a cli­mate of sta­bil­ity for ship­ping en­trepreneurs in Cyprus.

The sus­tain­able growth of Cyprus Ship­ping is one of the mai pri­or­i­ties of the Cyprus Govern­ment. The Min­istry of Trans­port, Com­mu­ni­ca­tions and Works will do its ut­most to en­hance the com­pet­i­tive­ness of our flag and of our mar­itime clus­ter.

In an ef­fort to de­velop a holis­tic strate­gic de­vel­op­ment plan for the Cyprus ship­ping in­dus­try, a study has been com­pleted in 2015. The study pro­poses mea­sures that would strengthen the Cyprus mer­chant fleet and ship­ping clus­ter.

The out­come and rec­om­men­da­tions of the study have been taken into con­sid­er­a­tion and three work­ing groups were set up, com­prised by ex­perts from both the public and the private sec­tor, in or­der to process, de­velop and im­ple­ment all the pro­posed mea­sures.

The work­ing groups are work­ing in­ten­sively dur­ing the last few months and some of their sug­ges­tions and mea­sures have al­ready been im­ple­mented. I am cer­tain that within 2016 the holis­tic strate­gic de­vel­op­ment plan will be fully im­ple­mented and the re­sults will be ev­i­dent to all of us soon.

At this stage, I would like to thank you for your valu­able con­tri­bu­tion to the work of the above work­ing groups. With the com­bined ef­forts of the public and private sec­tor, we can de­velop our ship­ping in­dus­try fur­ther and we can look for­ward to in­creas­ing the con­tri­bu­tion of ship­ping to our econ­omy.

I am con­fi­dent that the ef­fec­tive and suc­cess­ful im­ple­men­ta­tion of the new Cyprus Ship­ping Strat­egy will widen the hori­zons of our ship­ping in­dus­try and cre­ate new op­por­tu­ni­ties for ex­pan­sion into new mar­kets.

Our ob­jec­tive for the fu­ture is to con­sol­i­date and fur­ther de­velop our role in world ship­ping and to pro­vide the ad­e­quate con­di­tions for a sus­tain­able growth of the ship­ping sec­tor in Cyprus.

The hard work and the ex­cel­lent co-op­er­a­tion of the public and the private sec­tors through­out the years, are the un­der­ly­ing fac­tors for the in­flu­en­tial role that Cyprus en­joys in the in­ter­na­tional ship­ping in­dus­try. I am con­vinced that the ex­cel­lent work­ing re­la­tion­ship be­tween my Min­istry, the Depart­ment of Mer­chant Ship­ping and the Cyprus Ship­ping Cham­ber will con­tinue, lead­ing to new and bet­ter achieve­ments.

I am con­fi­dent that, with the co­or­di­nated ef­forts of all the stake­hold­ers in Cyprus ship­ping, the mar­itime sec­tor of Cyprus will have an even brighter fu­ture.

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