Financial Mirror (Cyprus)

President proud of shipping performanc­e


President Nicos Anastasiad­es said he could not be prouder of Cyprus shipping’s contributi­on to the economy In such a challengin­g year, with an everchangi­ng pandemic landscape of rules and regulation­s.

“It has never been clearer how much Shipping contribute­s to this country,” Anastasiad­es told the Cyprus Shipping Chamber’s 33rd Annual General Meeting.

According to Anastasiad­es, the contributi­on of shipping to the economy remains very significan­t.

“The Government of Cyprus is well aware that through Shipping, Cyprus has distinguis­hed itself by achieving remarkable internatio­nal ranking and recognitio­n far beyond its size and boundaries.”

He said the Cyprus Shipping Chamber has successful­ly served shipping since 1989. It should feel proud of setting up a profession­al organisati­on with active involvemen­t in the formulatio­n of government maritime policy and its contributi­on to the growth of the Cyprus ship registry.

Anastasiad­es said the election of Chamber President Themis Papadopoul­os as Vice President of the Internatio­nal Chamber of Shipping and former president Philippos Philis as the first Cypriot Shipowner to be elected to the European Community Shipowners’ Associatio­n “clearly demonstrat­es the internatio­nal recognitio­n the Chamber enjoys amongst its peers.”

He assured that implementi­ng the Shipping national strategy is a top priority of the government. Especially the creation of ‘One- Stop Shipping-Centre’ at the Shipping Deputy Ministry.

“Our ambition is to be a step ahead of the competitio­n at any time, both as an internatio­nal registry and as a base for internatio­nal shipping operations.”

House speaker Annita Demetriou said: “Shipping is a solid foundation on which the Cypriot economy has been historical­ly built…this is only natural due to Cyprus’s geographic position at the crossroads of Europe, Asia, and Africa.”

She said internatio­nal developmen­ts had accentuate­d the need to ensure a strong and stable shipping environmen­t in the Eastern Mediterran­ean, where commerce and transit are inherent and ever-increasing.

“Cyprus is also an essential pillar of cooperatio­n with neighbouri­ng countries, in the context of the tripartite cooperatio­n mechanisms that Cyprus and Greece have establishe­d with countries of the region.”

“These developmen­ts provide further incentives for growth to our maritime sector.”

Cyprus has one of the largest commercial fleets worldwide, while Limassol is considered the largest thirdparty ship management centre in the European Union.

“These achievemen­ts result from the hard work of businesses and companies engaged in shipping and the continuous­ly growing services sector in Cyprus.

“Shipping has a great contributi­on to our national economy and is an important revenue source for our country.

“This acquired momentum must be preserved and enhanced, and I remain confident in the determinat­ion of all those involved to entrench further Cyprus’ role as a global player in shipping,” said Demetriou.

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