Limassol, Cyprus. Cyprus Shipping Deputy Minister Marina Hadjimanolis said the global shipping industry remains under persistent operational pressures, while Cyprus continues to respond with resilience and innovation. She said 2026 will bring “turbulent waters” as well as opportunities for the maritime sector.
Comments at shipping debate in Limassol
Hadjimanolis spoke during the 3rd CSN Cyprus Shipping Debate in Limassol this week, where industry and institutional representatives met to discuss current pressures on shipping. She said the sector is at a pivotal point that will shape its future and that technology and innovation, if used properly, can strengthen shipping in a sustainable, long-term way.
Challenges facing the industry
She said the global operating environment remains demanding, and that as in 2025, shipping continues to face challenges linked to decarbonisation, environmental regulation, digitalisation, a shortage of trained seafarers and geopolitical developments, leaving the industry exposed.
Cyprus registry growth and flag registrations
Despite the backdrop, she said Cypriot shipping has continued to consolidate its position, with the Cyprus registry growing by more than 20 per cent over the past two years, which she attributed to “the result of a strategic plan of priorities.” She said she was encouraged by the registration of newly built vessels under the Cyprus flag and that several companies continue to place their trust in “the prestige and quality of the Cyprus flag.”
Service upgrades and digitalisation
Hadjimanolis said efforts to upgrade services for shipping companies are continuing to ensure the registry remains modern, efficient and competitive. She said the digitalisation of services offered by the Deputy Ministry of Shipping “is expected to further strengthen Cyprus’ position.”
International and EU priorities
She referred to Cyprus’ re-election to the Council of the International Maritime Organisation (IMO), linking it to the country’s role in international maritime affairs, and outlined the priorities of the Cyprus Presidency of the Council of the European Union. She said these priorities include strengthening seafarers’ education through retraining and skills upgrading, raising awareness of the maritime profession and promoting the equal participation of women across the sector.
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