Precise and personalised approach
In some cases, fraudulent emails might claim to represent Investment Gateway and offer certain benefits. does not send any such emails to request information. This website's service is purely informative, and to help direct interested parties to professional corporate services via third party consultants in Cyprus and the European Union.

Be aware. Ignore such emails and do not reply.

Thank you

Cyprus Shipping Continues Strong

Address by Minister of Communications and Works, Marios Demetriades, at Cyprus Shipping Chamber's Annual General Meeting.

Published on: 06 April 2015

It is a great pleasure to communicate with the Cyprus Shipping Chamber and express my sincere appreciation and best wishes to all its members. It is also an opportunity to thank every single one, for the continuing trust and commitment shown to Cyprus and the Cyprus flag over the years. 

The Cyprus Shipping Chamber, since its establishment in 1989, has been transformed into a very important professional organisation with direct and active participation in the shipping affairs of Cyprus. It has been the main representative body, of the locally based shipping industry and as such, the closest collaborator of the Ministry of Communications and Works and of the Department of Merchant Shipping, in the development and implementation of the Government’s maritime policy.

The public and the private shipping sectors of our island, during the last decades, shared a common vision and worked closely together towards the same targets. The result of those efforts is impressive. Cyprus has become a fully-fledged, well-known and respected maritime centre, combining both a sovereign flag and a resident shipping industry which is prominent for its high quality services and standards of safety.

Despite the international adverse economic conditions and the financial difficulties that our country faces in the last years, the Cyprus shipping sector managed to maintain its competitiveness and perspectives, as a result of combined efforts from the public and private sectors. Shipping has, in fact, evolved in the recent years, as one of the leading sectors of our economy and “navigates” Cyprus to recovery, in its capacity to act as a wide gateway of foreign investments to our island.

Given its importance, Cyprus Shipping and its sustainable growth, is one of the main concerns and priorities of the Cyprus Government.

Both myself, as the political leader of Merchant Shipping, and our government do recognise that the Shipping sector has been stagnated during the last years and action is needed. This is due to both the increasing competition that Cyprus faces from competitive maritime centres, as well as the problems that the shipping industry has been experiencing in recent years. Our shipping product needs indeed some kind of rebranding and restructuring. We need to become more aggressive in promoting our flag and intensify efforts to attract additional companies to the island.

In an effort to develop a holistic strategic development plan for the Cyprus shipping industry, a study has been recently completed. The study proposes measures that would strengthen the Cyprus merchant fleet and shipping cluster.

I take this opportunity to thank CIPA for financing this study, as well as accepting to finance two shipping events that will take place abroad this year.

Taking into consideration the study, as well as other recommendations made from both the Department and the private sector, we are planning to implement a number of operational changes in the next few months. Among others, it includes the offering of incentives to the private sector for business development, the strengthening of offices abroad, the intensification of promotion events and other operational changes, including the upgrading of our software programs and 24 hour service for our clients. I also intend to create a permanent link between the private and public sector with the objective to find ways to promote shipping in Cyprus. Our first mission will be to prepare a package of incentives that could be offered to maritime companies to relocate to Cyprus.

In the medium term, we also need to change the way we work, by offering to the department of merchant shipping the necessary flexibility to fulfil both its regulatory, as well as its business development role. It has already been included in the terms of reference of the restructuring study, which is currently under process. For all the above, we need the support of the industry. Your support. I take this opportunity to assure our friends and collaborators in the shipping industry, that the Ministry of Communications and Works will do its utmost to enhance the competitiveness of our flag and maritime cluster.

We look into the future with optimism and confidence. I am convinced that the shipping industry of Cyprus secures through its knowledge, expertise and adequate human capital, the further development and growth in the sector and revitalisation of the Cyprus economy.

I extend once again my appreciation for your endeavours and contribution to Cyprus Shipping. I am confident that the excellent cooperation between our Ministry, the Department of Merchant Shipping and the Cyprus Shipping Chamber will be strengthened even more. I wish every success in your work.


Return to Press Page



One contact, multiple options

Established in 2011, Investment Gateway is an independent and impartial hub and initial point-of-contact to leading supplier-firms in Cyprus that provide professional services for investment purposes, including company formations, subsequent company administration and maintenance services, accounting and auditing, global tax planning, wealth management, as well as international banking. Investment Gateway introduces you to the right partner from a pool of pre-qualified supplier-firms, made-up of leading accounting, legal and consulting agencies in Cyprus.

The platform is a completely free service, together with offering added-value content in general information, news updates, documents and analytics on the local Cypriot, European and global economy to help with investment strategies to the EU, Europe, Russia & CIS, Middle East & Africa, as well as around the world.

Investment Gateway Contact information:
Investment Gateway Media Investment Gateway Agents
communications 'at' contact 'at'

Investment-Gateway is an eco-friendly professional services platform, taking action on global climate change by offsetting carbon emissions on behalf of all clients. Learn More

Interviews & Speeches  

The EU Steps up Action Against Disinformation
10 December 2018
Steven Maijoor on the State of European Financial Markets
17 October 2017
Central banking in Times of Technological Progress
24 July 2017
Interview with Il Sole 24 Ore
24 March 2017
Productivity & Growth: Innovation & Diffusion
20 January 2017
The ECB's Operational Framework in Post-Crisis Times
29 August 2016
Brexit - European Commission Statement
24 June 2016
European Cyprus China’s Gateway to Europe, Africa & Middle East
18 October 2015
European Council's President Visit to Cyprus
11 September 2015
Cyprus Shipping Continues Strong
06 April 2015
Cyprus Ready for Business
09 February 2015
Stability & Prosperity in Monetary Union
02 January 2015
Financing Europe’s Investment
01 December 2014
Laying the Foundations of the Cypriot Recovery
04 November 2014
Boosting Recovery with Liquidity
14 October 2014
Prev |     Page 1 of 6


Economy, Finance & Tax News

Cyprus Economy & Tax


European & Global Affairs


Review & Perspective on Cyprus
CEX.IO Bitcoin Exchange