Merchant shipping has developed rapidly over the last decades in Cyprus, ranking the country amongst the main maritime powers of the world with the 11th largest fleet globally, and the 3rd largest fleet in Europe.
Cyprus is a modern, efficient and integrated shipping cluster ranked amongst the leading in the world. As a third-party ship management centre it is the largest in Europe and amongst the top 3 worldwide. More than 20% of the worlds’ third party management fleet is managed by companies based in Cyprus.
Limassol, the heart of the Cyprus maritime cluster, hosts more than 200 companies offering shipping and shipping-related services from ship ownership and ship management to shipping insurance, shipping finance, brokerage, bunkering, ballast water system production, marine training, maritime technology in satellite and radio systems and many more.
The Cyprus flag is a top-quality sovereign flag which duly adheres to all safety and security standards deriving from the Paris and Tokyo MoUs and is in the “White List” of both MoUs. More than 150 dedicated maritime specialists at the Shipping Deputy Ministry offer tailored, 24/7 service from our offices in 7 different countries.
Cyprus is amongst the countries having a prominent role in forming global shipping policies with a strong presence and a powerful voice in all maritime fora and international organizations such as the IMO, the ILO and the European Union.
For more information visit: https://www.dms.gov.cy