Cyprus flag get­ting younger, as most ships un­der 10 years old

Financial Mirror (Cyprus) - - FRONT PAGE -

Most ves­sels reg­is­tered un­der the Cyprus flag are un­der ten years of age, with the four ves­sels with a ton­nage be­tween 120,000 and 129,999 tons un­der 5 years old and the two largest of a ton­nage of over 150,000 tons un­der ten years.

Only 10% of all the ves­sels were more than 30 years old.

Ac­cord­ing to data of the Depart­ment of Mer­chant Ship­ping as of 31 De­cem­ber 2015 a to­tal of 1,704 ves­sels were reg­is­tered in Cyprus, of which 732 were un­der 5 years old, 282, be­tween 5 and 9, 225 be­tween 10 and 14, 120 be­tween 15 and 19, 103 be­tween 20 and 24 years of age, 78 be­tween 25 and 29 while 164 are over 30 years old.

Also, 127 of the 164 ves­sels over 30 years of age are of a ton­nage of un­der 1,000 tons.

Ac­cord­ing to the data 492 ves­sels are of up to 99 tons, 154 be­tween 100 and 499 tons, 34 be­tween 500 and 99 tons, 29 be­tween 1,000 and 1,599 tons, 31 be­tween 1,600 and 1,999 tons, 154 be­tween 2,000 and 3,999 tons, 101 be­tween 4,000 and 5,999 tons, 37 be­tween 6,000 and 6,999 tons, 42 be­tween 7,000 and 7,999 tons, 52 be­tween 8,000 and 9,999 tons, 57 be­tween 10,000 and 14,999 tons, 111 be­tween 15,000 and 19,999 tons, 134 be­tween 20,000 and 29,999 tons, 88 be­tween 30,000 and 39,999 tons, 89 be­tween 40,000 and 49,999 tons, 25 be­tween 50,000 and 59,999 tons, 24 be­tween 60,000 and 69,999 tons, 7 be­tween 70,000 and 79,999 tons, 18 be­tween 80,000 and 89,999 tons, 11 be­tween 90,000 and 99,999 tons, 8 be­tween 100,000 and 119,999 tons, 4 be­tween 120,000 and 129,999 tons and 2 are over 150,000 tons.

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