Ranked tenth on the international field, Cyprus’ Shipping Registry is one of the most renowned and attractive shipping centers worldwide, and the largest third party ship management center in the EU. Its attractiveness derives physically from the island’s strategic location, as well as from the incentives provided and developed since the inception of the shipping legislation back in 1963. The strength, scale and experience of Cyprus’ shipping sector is attracting quality tonnage and increasing numbers of first-rate international shipping companies.
The maritime sector has been one of the most successful export services of the country for years, and justifiably Cyprus is considered as one of the leading hubs for ship management services and ship owning on a global scale. It is no surprise that some of the international shipping giants established their headquarters on the island.
Furthermore, Cyprus is the largest crew management centre in world while Limassol, the country’s maritime capital, hosts some the most influential names in the shipping industry such as Unicom, Bernard Schultze, MSC, Indian Fleet and many more.
The growth of Cyprus’ shipping sector has been remarkable; from 1963 onwards, a strong maritime cluster tailored to the Cyprus based companies has been developing, growing and getting stronger over the years, attracting consistently more quality tonnage and shipping-related companies.