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Revenue from Ship-Management Companies Reaches €528M
May 9, 2019
The Cyprus Shpping Chamber has welcomed the results of the newest “Ship Management Report”, published by the Statistics Department of the Central Bank of Cyprus, for the second half of 2018, which covers the period 1 July – 31 December.
The results indicate that industry revenues from Ship-management companies further increased during the second half of 2018, reaching €528 million, recording an increase of €22 million when compared with the first half of 2018, a percentage of 5% of Cyprus’s GDP. This percentage remained similar to the one recorded during the first half of 2018, since there was a simultaneous increase in the GDP of Cyprus.