Cyprus shipping has weathered the crisis, says Minister

Cyprus shipping has weathered the crisis, says Minister

 Nicosia, February 1, 2016/Independent Balkan News Agency

The Cypriot shipping industry has managed to weather the global and Cyprus financial crises, demonstrating “remarkable resilience”, Transport Minister Marios Demetriades has said.

The sector is looking to the future with confidence, Demetriades added, while addressing the Cyprus Union of Shipowners general meeting, last Friday, in Athens.

According to an official announcement, the Minister thanked the Union for trusting, supporting and promoting the Cyprus flag and Cyprus shipping, since its establishment.

Shipping is an important chapter for Cyprus, Demetriades went on, noting that it constitutes an important pillar for the country`s development, by attracting foreign investment.

The Minister assured finally those present that the Cypriot government will continue to support Cypriot shipping and shipowners.

Source: CNA