The report indicated that industry revenues from ship-management companies increased during the first half of the year, reaching EUR506 million, percentage of 5,1 percent of Cyprus’s GDP, which is the highest level recorded since 2013.

These significant results prove once again the contribution of Cyprus Shipping, as it remains one of the most important ‘blood donors’ of the Cyprus economy with tangible prospects for further development. In addition, it is worth mentioning that, in a very few other maritime nations, the economic contribution of the local shipping industry reaches such high level.