The Cyprus Ship Registry has expanded by 27% since September 2023, according to Deputy Minister of Shipping Marina Hadjimanoli, who presented the figures to an audience in Japan on Thursday. Speaking at a reception in Tokyo held to promote the Cyprus flag, she described Japan as a valuable partner with significant potential for further cooperation.
Registry growth since 2023
Ms Hadjimanoli said the Cyprus flag is internationally recognised for its strong safety performance and its regulatory framework. In recent years, she noted, particular emphasis has been placed on strengthening competitiveness and ensuring that services respond effectively to the changing needs of shipowners and operators.
“These efforts are producing tangible results. Since September 2023, the Cyprus registry has grown by 27%, reaching its highest level in the last twenty-five years. This growth is a significant indication of the confidence the international shipping community places in the Cyprus flag,” she said.
Commitment to shipowners and operators
The Deputy Minister said the aim is to ensure that every company choosing the Cyprus flag receives high-quality services and operates within a stable, transparent and predictable maritime environment.
This, she added, means continuing to listen to the industry, simplifying procedures, improving communication and ensuring that the Shipping Deputy Ministry remains accessible and responsive to the companies and professionals it serves.
Digital transformation
Ms Hadjimanoli also addressed the importance of digital transformation, stating that for clients around the world, digitalisation means more than technology.
“It means greater accessibility, faster procedures, improved transparency and a better overall experience when interacting with the Cyprus maritime administration,” she said.
Changes facing the shipping sector
In her address, the Deputy Minister said the green transition, decarbonisation, digitalisation, cybersecurity and rapidly evolving regulatory requirements are reshaping the operating environment for both shipowners and maritime administrations. She added that Cyprus is committed to being part of this transformation.
Japan as a strategic partner
Referring to the host country, Ms Hadjimanoli said that for Cyprus, Japan is not simply an important shipping market.
“It is a valuable partner with whom we see significant potential for further cooperation. And this cooperation will remain at the centre of our efforts,” she said.
Quality and reliability of the flag
Concluding her remarks, the Deputy Minister said Cyprus offers a flag founded on quality, reliability and service, supported by a strong maritime cluster, a flexible administration and a clear commitment to the future of shipping.
