Cyprus’ Deputy Shipping Minister Marina Hadjimanolis has reaffirmed the nation’s commitment to a robust role in EU shipping during a recent event in London. The reception, part of the 12th London International Shipping Week, highlighted the advantages of the Cyprus registry and its maritime cluster.
Photo: cyprus-mail.com
Eu shipping: Showcasing Cyprus’ Maritime Strengths
During the reception at the High Commission of Cyprus, Hadjimanolis addressed leading figures from the political, diplomatic, and maritime sectors, emphasising Cyprus’ strategic position in global shipping. She outlined the government’s dedication to the green and digital transition and the upcoming priorities for the ministry during Cyprus’ EU presidency in the first half of 2026.
Photo: cyprus-mail.com
Economic Contributions of Shipping
Hadjimanolis pointed out that the shipping sector significantly contributes over 7 per cent to Cyprus’ GDP, playing a crucial role in both the economic and social development of the country. She noted that Cyprus is not only a top hub for shipowning and shipmanagement services but is also regarded as one of the largest sovereign flag states of high quality.
Collaboration Between Sectors
The Deputy Minister praised the close cooperation between the public and private sectors, describing it as productive and ongoing, with a shared goal of enhancing competitiveness. This collaborative approach has been pivotal in establishing Cyprus as a leading player in the maritime industry.
Invitation to Future Events
Hadjimanolis extended an invitation to the upcoming “Maritime Cyprus 2025” conference, which will occur in Limassol from October 6 to 8. This event is expected to further discuss the evolution of the maritime sector and the role of Cyprus within it.
Addressing Gender Inequality in Maritime Leadership
At a debate hosted by WISTA UK and Seatrade Maritime, Hadjimanolis addressed the need for better representation of women in maritime leadership roles. She highlighted that women currently make up only 19 per cent of the maritime workforce ashore and less than 1 per cent at sea.
Initiatives for Gender Equality
Cyprus is actively working to advance gender equality through various initiatives, including mentorship schemes, scholarships, and the ‘Gender Equality Award in Cyprus Shipping’. Hadjimanolis urged both governments and industry leaders to dismantle barriers and create pathways for women in the maritime field.
Leadership Philosophy
“Leadership is not about being the loudest voice,” Hadjimanolis stated, emphasising the importance of listening, inspiring the next generation, and having the courage to navigate uncertain waters.
Decarbonisation and Safety Standards
During her participation at the 17th Annual Capital Link Shipping and Marine Services Forum, she joined a panel discussing the alignment of ambition, regulation, and reality in shipping. Hadjimanolis reiterated Cyprus’ commitment to decarbonisation, competitiveness, and strong safety standards. “Cyprus is committed to playing a constructive role in this transformation,” she asserted, noting the combination of regulatory standards with incentives and training for seafarers.
Strengthening Bilateral Ties with the UK
In her remarks at a dinner hosted by the National Federation of Cypriots in the UK, Hadjimanolis expressed gratitude for the support of the Cypriot community abroad, recognising their role as ambassadors for Cyprus and its shipping sector. She highlighted the excellent cooperation between Cyprus and the UK in shipping, which is built on mutual trust and strategic benefits.
Memorandum of Understanding and Commonwealth Ties
The Deputy Minister underscored the significance of the bilateral Memorandum of Understanding (MoU) and noted advancements in strengthening Commonwealth ties, including the establishment of a Commonwealth Blue Charter Centre of Excellence in Cyprus.
Financial Contributions and Future Prospects
Recent figures reveal that shipping accounts for more than 7 per cent of Cyprus’ GDP, with ship management revenue in the latter half of 2024 reaching €916 million, which includes €27.5 million connected to the UK sector. Many prominent shipping companies based in Britain have operations in Limassol, often choosing to register under the Cyprus flag.
Looking Ahead
As Cyprus continues to navigate the complexities of the maritime industry, the government’s strategic vision aims to bolster its position in EU shipping while fostering an inclusive and forward-thinking environment for all stakeholders.
