Gold Magazine March - April 2013, Issue 24 | Seite 22

SHIPPING

THE
SHIPPING

FORECAST
Shipping is the only truly globalised industry
in Cyprus, employing some 4,500 skilled/educated people ashore and 55,000 seafarers. Its contribution
to the economy is estimated at 7-8% of the island’s Gross
Domestic Product. Cyprus is the 10th largest flag globally, the
3rd largest flag in the EU and the biggest Shipmanagement
Centre in Europe and the 2nd largest in the world. The Cyprus
Shipping Chamber (CSC) is one of the largest
shipping associations in the world, representing
147 shipowning, shipmanagement, chartering
and shipping-related companies which own/
manage a fleet of over 2,200 ships with a gross
tonnage of 49 million. The Cyprus shipping industry has
always maintained a surprisingly low profile but that is
due to change, with newly-electe d President Nicos Anastasiades committed to appointing an Under-Secretary to
the President for Shipping, whose role will include drafting the
country’s shipping policy and attracting new companies. On the
following pages we present the views of the people who
know shipping best: the President and the Director-General of the Cyprus Shipping Chamber, and six of the ten
members of the Board of Directors, each of whom is the
CEO of a leading shipping company. By John Vickers

22 Gold THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS

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07/03/2013 12:24