The challenges that lie ahead and issues of regulation, economy, environment and technology will be the main topics of discussion at the upcoming Maritime Cyprus conference in September, Demetriades said.

In his address at the 7th East Med Marine Exhibition in Limassol last week, the minister said that shipping has evolved in recent years as one of the leading sectors of the economy and a driving force for its recovery. Given its importance, Cyprus shipping and its sustainable growth constitute one of the main concerns and priorities of the government, he said.

“In an effort to develop a holistic strategic development plan for the shipping industry, a study has been recently completed, proposing measures that would strengthen the Cyprus merchant fleet and shipping cluster. Presently, the outcome of the study is being evaluated and specific measures will be adopted soon towards this goal,” Demetriades said.

“Merchant shipping is a business sector of which we are very proud. It represents an invaluable asset for our country with significant political and economic advantages. The Cyprus registry today, ranks tenth among international fleets and third within the European Union, while it is characterised by high standards of quality and safety.”

The theme of the Maritime Conference in Limassol on September 13-16 is ‘Shipping: Game Change’ and will focus on the crucial matters concerning the international shipping industry.

The issues that will be discussed include policy and regulatory matters and the forthcoming changes in the international shipping scenery, economic matters, environmental matters and their interaction with technology, geopolitical and energy developments and forecasting for the recovery of the economy and for the freight markets.

Demetriades praised the organisers and delegates at the East Med Marine Exhibition, which he said is a specialised technical marine exhibition giving the opportunity to industry professionals from the local and regional shippingindustry to become aware of the latest developments in marine technology and related services through more than 70 exhibitors.

“We welcome such events, as they strengthen Cyprus’ position as a leading international maritime centre and add to its high quality,” the minister concluded.

Source: Financial Mirror