Shipping 

Shipping

The Cyprus Maritime Sector is a true international cluster comprised of over 200 companies of which over a quarter are international ship management companies. This is largely due to the ideal environment for ship registration and shipping operations on the island, as well as a very attractive fiscal regime. Cyprus boasts a well-established and quality Open Registry with Merchant fleet exceeding 23 million gross tonnage, placing it third in tonnage in the EU and 11th in the world. It is a member of the European Maritime Safety Agency (EMSA), International Maritime Organisation (IMO) and the International Labour Organisation (ILO).

 

The competitive fully EU approved Tax Tonnage System (TTS) introduced in 2010 is one of the most advanced and competitive systems in the EU and has been pivotal in attracting some of the biggest third-party ship managers in the world such as Bernhard Schulte (Germany), Hartmann Group and Fleet Management India.

Alongside the maritime industry’s progressions lie major developments in the logistics sector with the successful commercialization of the Limassol Port in 2016 and introductions of a more transparent regulator structure with specialist operators. There is also strong interest in developing port infrastructure mainly due to oil and gas explorations and transit cargo.

London Office:

+44 20 3086 9282

118 Pall Mall, London, SW1Y 5EA

Cyprus Office:

 +357 24 253 737

10 Ifestou, Larnaca, 7102

Mumbai Office:
 +91 227 127 9329​

One Indiabulls Tower 2a, 8th floor,

Lower Parel, Mumbai, 400013

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