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29 Jun 2026
Cyprus prioritises competitiveness of flag and shipping sector amid global industry pressures

Limassol, Cyprus. Strengthening the competitiveness of the Cyprus flag and the wider maritime sector remains a key government priority, Shipping Deputy Minister Marina Hadjimanolis said during a shipping symposium in Limassol. She said the industry is operating under geopolitical uncertainty, decarbonisation pressure and a more fragmented global trade environment.


Shipping’s role in Cyprus

Speaking on behalf of President Nikos Christodoulides, Hadjimanolis said shipping has always been much more than just another economic sector for Cyprus. She described it as a driver of economic growth, a pillar of stability and a bridge connecting economies, societies and continents.

Symposium organisers

The symposium was held under the auspices of the Deputy Ministry of Shipping, the Limassol Chamber of Commerce and Industry (Keve), the Cyprus Shipping Chamber (CSC), WISTA Cyprus and DP World.

Industry challenges and transformation

Hadjimanolis said international shipping is operating in an increasingly difficult environment shaped by geopolitical uncertainty, changing trade patterns and growing complexity across global supply chains. She added that the sector is also undergoing deep transformation driven by decarbonisation, digitalisation and shifting investment conditions.

Government priorities

She said one of the Deputy Ministry’s main priorities is to further strengthen the competitiveness of the Cyprus flag and the country’s shipping sector. This includes simplifying procedures through the ministry’s digital transformation, supporting the maritime industry through targeted initiatives, and promoting innovation, education and sustainability.

International presence and EU agenda

Hadjimanolis said Cyprus is also working to strengthen its international presence to ensure the country’s voice remains active and substantial in key shipping forums and decision-making processes. Referring to Cyprus’ presidency of the Council of the European Union, she said maritime issues had been placed at the heart of the European agenda.

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