Maritime transport has shown tremendous resilience despite the Covid pandemic | Stockwatch
Despite the Covid pandemic, the Cypriot shipping industry has shown “extraordinary resilience and has immensely supported the Cypriot economy in 2020,” President Nicos Anastasiades said on Thursday.
“Despite the financial difficulties linked to the pandemic and the fact that the Cypriot maritime sector operates in a constantly changing and highly competitive global environment, we are proud that our country has managed to maintain its position as the 3rd largest maritime fleet in Europe. and 11th largest in the world, while representing the largest third-party vessel management center in Europe, ”he said at the Cyprus Shipping Chamber’s virtual annual general meeting.
As the President noted in a televised address, “the maritime sector of our country has managed to maintain its competitiveness and has preserved maritime transport as one of the main pillars of our economy, with a contribution of around 7% to Cyprus’s GDP, significantly strengthening our efforts for the observed recovery and growth of the country’s economy. “
He also assured that “we will continue to give priority to consolidating and improving the competitiveness of the Cypriot flag and our maritime cluster, in order to remain resilient in the face of future crises and proactive in the face of new challenges and trends.”
Addressing the AGM, Vassilis Demetriades, Deputy Minister of the Merchant Navy, said the ministry is striving to further increase its efficiency through the overhaul of the organizational structure of the sub-ministry to increase productivity, speed up the procedures to fill all vacant positions and digitize all its services by creating the conditions for a one-stop shop.
“For this project, the government has secured funds of around 2.5 million euros as part of the EU recovery and resilience plan,” he said.
He also spoke about the ministry’s strategic vision which includes three elements, namely sustainability, extroversion and adaptability.
Regarding sustainability, the Deputy Minister noted that “sustainability, because it is not just about going green, is about finding the right balance between environmental sustainability and maintaining our competitiveness and c is what we will try to do.
Demetriades reiterated the will and determination of the deputy ministry to work together for a more resilient, more competitive and more outgoing Cypriot navigation.
For his part, outgoing CSC President Philippos Philis said navigation had been affected to a large extent by the Covid pandemic and the resulting locks, restrictions and travel bans, but noted that in As the immunization program progresses and the infection rate decreases, “we regain our confidence that there is a line of fire towards the end of this crisis.
However, he noted that “the next day should find us ready to face the economic impact inflicted on our businesses and to draft a recovery strategy to maintain Cyprus as a leading maritime center and at the same time create an economy even more sustainable for our country. . “
“The future is a challenge,” he said, “and there is no doubt that there is a need to reshape the way shipping operates given these challenges and the lessons learned during the covid pandemic. It is therefore imperative to apply carefully planned strategies to be able to navigate through rough seas in calm waters. “
Philis urged the government “to consider the idea of the House to create a financial institution for the shipping and transport sector, which will allocate funds in accordance with the Green Deal and / or provide competitive vessel financing to resident shipping companies. “.