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CSC Report Cyprus is the Largest Shipmanagement Centre in the EU
June 30, 2018
Reviewing 2017, the Cyprus Registry ranked again as the 11th largest merchant fleet worldwide and the 3rd largest fleet in the European Union (EU). According to the Cyprus Shipping Chamber’s Annual Report for 2017, Cyprus is considered to be the largest Shipmanagement Centre in the EU and among the three largest globally.
Furthermore, in excess of 200 internationally known and recognised Shipowning, Shipmanagement, Chartering and Shipping related companies operate from Cyprus. The wider Shipping Sector employs approximately 4,500 employees ashore and 55,000 seafarers. The Shipping Industry supports the Cyprus Economy without any State investment, and operates successfully on a global basis, controlling a fleet of 2200 vessels. The Cyprus Register is also considered internationally as one of the most qualitative and safest registries globally.