Cyprus Shipping

“As the global industry pivots toward decarbonization and digitalization, Cyprus’s well-established expertise in technical and crew management gives us a unique advantage,” Josephides adds. “We’re continually working with government bodies to, streamline regulatory processes, and further improve our tonnage tax framework. This integrated approach ensures that our members remain agile and competitive.”

Cyprus Shipping: Anchoring Growth, Navigating the Future

Shipping is a cornerstone of Cyprus’s economy, evolving significantly since the 1970s when major international shipowners first recognized the island’s potential. Today, the maritime cluster comprises owners, managers, and service providers overseeing more than 2,800 vessels, contributing around seven percent to the national GDP. A potent mix of Anglo-Saxon legal foundations, a competitively structured tonnage tax system, and robust public-private collaboration has helped Cyprus secure its position as a leading European hub for ship management and maritime services.

Established in 1989, the CSC represents nearly 200 companies—ranging from shipowners and managers to specialized maritime services providers. “While advocating the interests of our members, we also play a pivotal role in navigating industry-wide challenges, such as sustainability targets and evolving labor requirements,” says Alexandros Josephides, Director General of the Cyprus Shipping Chamber (CSC). By championing collaborative efforts and forward-looking policies, the Chamber aims to preserve Cyprus’s reputation as a premier maritime center—one poised to meet the demands of a rapidly changing global shipping landscape.