Cyprus shipping registry grows by 5.5 per cent

Cyprus shipping registry grows by 5.5 per cent

The Great Britain-Cyprus Business Association’s International Investment Conference 2024 in Limassol aims to enhance business networking between the two countries. Deputy Minister of Shipping emphasized Cyprus Maritime Administration’s commitment to supporting the shipping industry and highlighted the strong diplomatic and economic ties between Cyprus and the United Kingdom. Cyprus has seen a 5.5% increase in ships registered under its flag, and offers diverse investment opportunities. UK Deputy High Commissioner emphasized the UK’s position as a global economic leader and commended Cyprus for its resilience. The conference focuses on promoting real estate and other attractive investment opportunities in both countries.

New approach needed for maritime hub

New approach needed for maritime hub

Singapore has been declared the world’s premier shipping center in the sixth Leading Maritime Cities survey. Cyprus, specifically Limassol, needs to improve its shipping infrastructure to be included among the top 50 cities in the future. Cyprus has made progress in improving its shipping sector, but more efforts are needed in areas such as research, technology, green transformation, and competitiveness to become a leading maritime center.