New York: Deputy Minister of Shipping, Marina Hadjimanolis, held productive meetings with shipowners of maritime companies operating in the United States, as well as companies from Asia and Europe, during her visit to New York. The discussions focused on the prospects of registering vessels under the Cypriot flag and integrating companies into Cyprus’ tonnage tax system.
According to Cyprus News Agency, Hadjimanolis visited New York from April 3 to 5, as part of an effort to promote and advance Cypriot shipping.
The Deputy Minister was a key speaker at the 3rd Capital Link Cyprus Business Forum, which took place on April 4 and was organised in collaboration with the Cyprus Shipowners’ Association and supported by the Ministry of Shipping and Invest Cyprus. The keynote speaker at the conference was the President of the Republic of Cyprus, Nikos Christodoulides.
In her speech, Hadjimanolis noted the advantages of the Cypriot ship registry and maritime cluster, presenting investment opportunities for maritime companies establishing operations in Cyprus. She emphasized the competitive benefits of Cyprus’s tonnage tax system and pointed to actions and initiatives taken by the Ministry over the past two years, which have resulted in an 18% increase in the Cypriot fleet over the last 16 months and a 15% increase in companies registered under the tonnage tax system.
During her stay in New York, the Deputy Minister also held meetings with shipowners from the US, as well as companies operating in Asia and Europe.
“During the meetings, prospects for registering the companies’ fleets under the Cypriot flag and incorporating their activities into the Cypriot tonnage tax system were discussed, with companies showing strong interest in considering cooperation with the Ministry of Shipping,” the press release noted.
Additionally, Hadjimanolis participated in a special event at the New York Stock Exchange (NYSE) on April 4, organized in collaboration with Safe Bulkers Inc., a maritime company listed on the NYSE. During the event, President Nikos Christodoulides rang the closing bell.