Cyprus Mail
Business

‘Leading role for shipping’

By Staff Reporter

The island’s shipping sector will have an important and leading role to play in the recovery of the economy, President Nicos Anastasiades said yesterday.

Anastasiades was addressing the Cyprus Shipping Chamber’s 25th Annual General Meeting in Limassol where he described shipping as the “main pillar” of the new model of development of the economy.

The Cyprus Shipping Chamber is ranked among the largest national shipping associations in the world, and the president expressed gratitude for a quarter of a century of active involvement in the sector.

Anastasiades expressed the Government’s determination to create an Under-Secretary for Shipping and called on all political parties to support the necessary institutional change, which would provide a more purpose-focused and specialised development of government policy for shipping.

The President of the Chamber, Captain Eugen Adami said that in the aftermath of the economic crisis, Cyprus shipping remained very competitive.

He said Cyprus flag users remained loyal, supporting the efforts to reinforce the industry as a contributor to the economy.

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