The renewed Collective Bargaining Agreement, which was signed for the next two years (January 01, 2021 - December 31, 2022), reflects the internationally accepted labour minimum standards, especially in terms of seafarers’ wages.

 The renewed agreement creates very promising prospects for the further development of the Cyprus shipping industry and the Cyprus flag, as well by extension, to the significant financial contribution of Cyprus Shipping at large to the Cyprus economy and proves once again the sustainable environment in Cyprus Shipping, enjoying strong maritime labour relations.