On 16 December the Minister of Communications and Works, Mr
Tasos Mitsopoulos, hosted a working dinner to celebrate the
fiftieth anniversary of the establishment of the Cyprus Register of
Ships. Costas Stamatiou of our firm was among the distinguished
guests.
The Cyprus registered merchant shipping fleet has grown
substantially since the establishment of the Cyprus Ship Registry
and introduction of the first merchant shipping laws in 1963.
Cyprus now has the tenth largest fleet in the world and is the
third largest shipmanagement centre worldwide, accounting for a
quarter of global shipmanagement activity.
The Minister assured guests that the government is not complacent
regarding the achievements of the last 50 years, and intends to
further enhance the Cyprus shipping registry by continuing to
improve the quality of services offered by the state, continuing to
improve safety standards on Cyprus vessels and promoting the
advantages of the flag and Cyprus itself as a maritime and ship
management centre. The Minister also said that further incentives
are under consideration, consistent with the acquis
communautaire.
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