The first official session of the advisory committee for strengthening the competitiveness and quality of the Cyprus flag was held in Athens this week, attended by Deputy Minister of Shipping Marina Hadjimanolis.
According to an announcement, the meeting aimed to “refine strategies that enhance the global standing of the Cyprus flag amidst ongoing challenges in the maritime sector”.
The committee, composed of prominent shipowners from Greece and Cyprus, tackled a range of topics including the promotion of the Cyprus flag and the broader issues currently impacting global shipping.
Discussions focused on leveraging technological innovations and addressing environmental regulations to bolster the flag’s competitive edge.
In a statement, the Shipping Deputy Ministry expressed its “appreciation to all members for their valuable insights, emphasizing their role in shaping Cyprus’ maritime policies”.
It added that the “collective expertise of the committee is fundamental in directing the complexities of the maritime industry and enhancing Cyprus’ position as a reliable maritime hub”.

To date, there has been a 10 per cent increase in the Deputy Ministry’s revenues, compared to the 2024 budget.
“Cyprus shipping has demonstrated remarkable resilience to the challenges presented and continues to offer quality services to the shipping industry, while the contribution of shipping to the national economy amounts to 7 per cent”, Hadjimanolis said.
She added that “Despite the challenges, we are confident that with the enormous efforts we make as a government and the close cooperation we have with the private sector, we will be able to keep our shipping at a pace of growth and positive performance.”
According to Hadjimanolis, “The ongoing enhancements to the Cyprus Ship Registry are vital for establishing Cyprus as a formidable force in global maritime policy.”
She emphasised the importance of targeted upgrades and strategic focus, stating, “These efforts are set to elevate the registry’s competitiveness and significantly contribute to the maritime sector’s growth in Cyprus.”
In conclusion, Hadjimanolis added, “These efforts are crucial for the continuous development and success of our maritime activities, aligning with broader economic goals and meeting international standards.”
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