Investor Presentaiton
An internationally renowned shipping centre
• Cyprus has a strong maritime tradition and has combined strong geographical, institutional and commercial
advantages to become:
A leading Ship Registry (IHS Maritime & Trade, World Fleet Statistics 2017)
One of the largest third party ship management centres worldwide
Home to a total of around 60 ship management companies operating from Cyprus, including leading names in the
global shipping industry.
• Cyprus was the first "Open Registry" with an EU-
approved Tonnage Tax regime, which covers the three
main maritime transport activities: ship owning, ship
management (crew and technical management), and
chartering.
• The size of the ship management sector in terms of
turnover represented 5% of GDP in 2018.
World merchant fleet size by flag, 2017
1. Panama
2. Marshall Islands
3. Liberia
4. Hong Kong (China)
5. Singapore
6. Malta
7. Bahamas
Source: Deputy Ministry for Shipping, Central Bank of Cyprus, IHS
8. China
9. Greece
10. Japan
11. Cyprus
22
Gross tonnage (millions)
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