Cyprus shipping registry has increased by approximately 27% over the past three years through the implementation of a specific strategy, President of the Republic, Nikos Christodoulides, has said.
He was addressing the "THALASSA 2026" festival on 10 October, which was organised in the coastal town of Limassol by the Municipality and the Deputy Ministry of Shipping.
In his address, Christodoulides also said that the state revenues from ship management activities have risen by approximately 19%–20% and announced that before the end of the year the Cabinet will approve the establishment of a Coastguard Unit.
In his address, delivered in the presence of members of the Cabinet and other government officials, the President noted the importance the government attaches to the shipping sector and to all maritime-related activities.
He said that there are immense prospects in the sector and the government is working to capitalise on. He hailed the role of the THALASSA festival, which has evolved into a major celebration of the sea, the shipping industry and its people.
President Christodoulides also spoke of the importance the government attaches to strengthening maritime education, promoting the seafaring and maritime professions and utilizing the opportunities they offer to the younger generation.
He went on to say that Cyprus has a strong and internationally recognized ship registry and has become a major maritime hub. He added that sea can serve as a source of inspiration, knowledge, and creativity, opening up pathways for our young people's future.
(Source: CNA)
