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Cyprus Shipping Industry Declared Key Economic Driver by CSC President

Limassol: The Cyprus Shipping Industry remains a cornerstone of our economy, President of the Cyprus Shipping Chamber Andreas Neophytou, has said. In his address at a reception hosted by the Chamber on Sunday evening in Limassol, ahead of the ‘Maritime Cyprus 2025’ Conference, he said that despite global challenges, it continues to thrive.

According to Cyprus News Agency, a press release by the Chamber indicated that the reception attracted a significant turnout of over 800 representatives. The event brought together Ministers, Members of Parliament, Diplomats, State Officials, representatives of professional organizations, as well as senior executives from the Cyprus and Global Shipping Industry, highlighting the respect and prestige the Chamber enjoys both locally and abroad.

Neophytou welcomed the attendees and emphasized the crucial role of Cyprus Shipping in the national economy and global trade. He noted that “the Cyprus Shipping Industry remains a cornerstone of our economy, driving trade, supporting other sectors, and ensuring the continuous flow of essential goods globally.”

He pointed out that “despite global challenges, it continues to thrive, with a strong merchant fleet and a reputation for excellence in shipowning, ship management, and shipping-related services. Cyprus has become a trusted international Shipping hub, as reflected in the more than 200 shipowning, ship management, and shipping-related companies operating from Cyprus, managing and providing services to over 2,800 ships with approximately 80,000 seafarers onboard at any given time.”

The prestige and international recognition enjoyed by the Maritime Cyprus Conference are tangible proof of this trust and success, he concluded.

The press release mentions that since the first edition of the Maritime Cyprus Conference in 1989, the same year the Chamber was established, the Cyprus Shipping Chamber has consistently supported this vital forum, contributing substantially to its success and international reputation.

“The highly successful reception served as a prelude to a week of meaningful dialogue, collaboration, and exchange of ideas in the framework of the ‘Maritime Cyprus’ Conference, which once again brings together leading global shipping executives and stakeholders, continuing to highlight Cyprus’ strategic importance on the global maritime map,” the press release concludes.