Cyprus President praises shipping sector’s resilience during Cyprus Union of Shipowners event in Athens

President of Cyprus Nicos Anastasiades praised the shipping sector’s resilience, despite the adverse conditions caused by the pandemic, while addressing on Thursday evening a dinner hosted by the Cyprus Union of Shipowners (CUS), in Athens.

President Anastasiades underlined the contribution of the shipping sector to the Cypriot economy, in the order of 7% of the country’s GDP, while noting that the commercial fleet surpassed recently a gross tonnage of 25 mln.

He also referred to an increasing trend in setting up shipping companies in Cyprus, which, he said, is a “vote of confidence” for government policies to upgrade the services offered to shipowners and ship managers choosing Cyprus as the base of their entrepreneurial activities.

Source: Cyprus News Agency