The 8th Annual Capital Link Cyprus Shipping Forum held in Limassol, highlighted Cyprus’ role as a key player in shipping, energy, and logistics.

Supported by Hellenic Bank, the event drew industry stakeholders who explored the sector’s latest trends, challenges, and opportunities.

Discussions focused on the industry’s ongoing developments and the exchange of innovative ideas amid fluctuating market conditions.

Experts discussed a variety of topics including updates in the major shipping, financial, and capital markets, as well as the impact of geopolitical and regulatory changes on fleet management.

 The views were optimistic, emphasising Cyprus’ strategic position as a leading shipping hub.

Aris Patounas, Head of Shipping at Hellenic Bank, during a panel titled ‘Charting A New Course: Ship Finance Options and Strategies Amid Changing Market Dynamics’, addressed the adaptability of the banking system to evolving market conditions, regulatory requirements, and technological advances.

He said that, “the banking system has successfully adapted to market dynamics, regulatory requirements, and changes that have occurred, as well as technological upgrades, in a constantly evolving environment.”

He also touched on the ongoing challenges of market uncertainty, exacerbated by international sanctions on countries such as Russia and disruptions to the supply chain. He said: “Market uncertainty remains amid the imposition of international sanctions on countries such as Russia and supply chain turbulence, while lending risk is increasing significantly.”

Addressing the shift towards a greener footprint and fleet modernisation, Patounas noted, “the shift towards a greener footprint by reducing carbon emissions and modernising the shipping fleet faces serious challenges due to political and economic changes.”

He added that “technology and AI capabilities are revolutionising the shipping sector, upgrading financial solutions and services.”

Patounas concluded his remarks by highlighting Hellenic Bank’s dedication to the shipping industry. “At Hellenic Bank, as a member of the Eurobank Group, we have experience and expertise, and we continue to demonstrate our commitment to the shipping sector by providing support to companies in the industry with specialised financial solutions and services that are adapted to the new requirements of the shipping environment.”