Limassol:Cyprus has seen a significant increase in its shipping registry, which has grown by approximately 27% over the past three years. This growth was achieved through a dedicated strategy, as announced by President Nikos Christodoulides during the "THALASSA 2026" festival in Limassol, organized by the Municipality and the Deputy Ministry of Shipping.

According to Cyprus News Agency, President Christodoulides also highlighted a rise in state revenues from ship management activities, which have increased by around 19% to 20%. He further announced that a Coastguard Unit is set to be established, with approval expected from the Cabinet before the end of the year.

The President emphasized the government's commitment to the shipping sector and related maritime activities, recognizing the vast potential within the industry. He praised the THALASSA festival for its role in celebrating the sea, the shipping industry, and its contributors.

Moreover, President Christodoulides stressed the importance of enhancing maritime education and promoting seafaring professions, aiming to provide new opportunities for the younger generation. He noted that Cyprus's strong, internationally recognized ship registry has positioned the country as a major maritime hub. The President concluded by stating that the sea can serve as a source of inspiration, knowledge, and creativity, offering new pathways for the future of young people.