European Shipping Faces Critical Challenges, Cyprus Union of Shipowners Warns
European shipping is currently at a critical juncture, facing numerous challenges that threaten its survival, according to the President of the Cyprus Union of Shipowners, Andreas Hadjiyiannis. Hadjiyiannis delivered his remarks during a dinner hosted by the Cyprus Union of Shipowners as part of the Maritime Cyprus 2023 conference, which was presided over by the President of Cyprus, Nikos Christodoulides.
Prominent figures from the maritime community attended the dinner, including members and associates of the Cyprus Union of Shipowners. The event also saw the presence of high-ranking government officials, such as the Speaker of the House of Representatives and the Deputy Minister of Shipping, along with other government ministers. The President of the Democratic Party and the Attorney General of the Republic were also in attendance.
Hadjiyiannis expressed concern about the critical situation facing European shipping and the need for active measures to prevent the sector from losing its historical dominance on the global stage. He emphasized the gradual decline of European shipping and the potential loss of control over global transportation if the European Union does not adopt a new approach.
Furthermore, Hadjiyiannis stressed the importance of nurturing a new generation that can revitalize and lead the maritime sector. He described shipping as being in the DNA of Cyprus and emphasized that the country’s robust maritime industry extends beyond its borders, having significant social, economic, and cultural influence.
As a symbolic gesture, Hadjiyiannis presented President Christodoulides with an authentic replica of the Papyrus, the first commercial ship used in the 9th century BC.
The Maritime Cyprus 2023 conference serves as a platform for addressing critical issues and challenges in the maritime industry, reinforcing Cyprus’ position as a prominent maritime hub.
During the opening of the conference, President Christodoulides highlighted Cyprus’ thriving shipping industry and the government’s commitment to it as a key economic driver. He also mentioned Cyprus’ status as the largest ship management center in Europe and its impressive ranking in the global shipping scene.
The Cypriot registry holds the 11th position globally and 3rd in Europe. President Christodoulides noted that Cyprus recently obtained investment-grade status from Moody’s, highlighting the economic prospects and employment opportunities it brings.
Cyprus is actively involved in shaping international and European maritime strategies with the aim of strengthening its position in the global shipping industry.
As European shipping faces critical challenges, it is crucial for industry stakeholders and governments to take action and implement effective measures to ensure its continued success. By addressing the issues at hand and nurturing new talent, the maritime sector can regain and maintain its historical dominance in the global arena.
