Your Excellency European Commissioner for Fisheries and Oceans, Mr. Costas Kadis,
Ladies and gentlemen,
Good evening,
I am honored to join you this evening on behalf of the President of the Republic of Cyprus, Mr. Nikos Christodoulides, who sends his warm regards and sincere appreciation to such an esteemed gathering of partners and leaders of our maritime community in Limassol-a city that truly lives and breathes shipping.
Allow me also to thank Financial Media Way for organizing this important symposium, and for fostering a dialogue that reflects both the opportunities before us and the challenges we must collectively address.
Ladies and gentlemen,
Shipping has always been more than an industry for Cyprus. It is a driver of economic growth, a pillar of stability, and above all, a bridge for connecting economies, societies and continents.
Yet today, this bridge is being tested.
We are navigating a world marked by geopolitical uncertainty, shifting trade patterns and increasing complexity across global supply chains. Recent developments, including tensions in the wider Gulf region and the Strait of Hormuz, serve as a reminder of the fragility of global maritime trade routes and the importance of safeguarding stability at sea and freedom of navigation. We are closely monitoring these developments and remain cautiously optimistic that ongoing challenges will be addressed through dialogue and diplomatic engagement.
At the same time, our foremost priority remains the safety and welfare of seafarers, who continue to serve at the frontline of global trade under increasingly demanding conditions.
Meanwhile, the sector is undergoing a profound transformation, driven by decarbonization, digitalization, and evolving investment dynamics.
This is not a period of temporary disruption. It is a turning point for global shipping. And in turning points, leadership is what matters.
Cyprus has consistently demonstrated credibility, resilience and strategic vision, translating these qualities into meaningful influence within the international maritime community. We are not merely adapting to change; we are helping to shape it.
At the same time, we continue to work closely, with our partners, building on a longstanding maritime tradition and a shared commitment to common principles and values. Through our cooperation, we aim to strengthen the competitiveness, resilience and sustainability of European and international shipping.
One of our key priorities is to further strengthen the competitiveness of the Cyprus flag and maritime cluster, reinforcing their reputation as symbols of quality, safety and reliability.
Adding to the above, we have advanced the Ministry’s digital transformation by streamlining procedures and creating a more efficient and service-oriented environment for companies operating in and from Cyprus.
We have also introduced targeted initiatives to support our maritime cluster, enhance competitiveness, promote innovation, encourage education and more sustainable practices.
And as we continue to expand Cyprus’ international footprint, we ensure that our voice remains active and influential in major maritime discussions and decision-making processes, guided by a clear strategic vision, in strengthening our relations with the countries of the Gulf region through enhanced cooperation in maritime affairs.
These initiatives underscore our commitment to building strong international partnerships, promoting regional connectivity, and reinforcing Cyprus’ role as a bridge between regions and maritime markets.
These priorities are closely linked to our broader role at the European level. As the Cyprus Presidency of the Council of the European Union approaches its conclusion, we are proud to have placed maritime affairs at the centre of the European agenda. Our focus has been on supporting the maritime workforce, strengthening the sector’s competitiveness, and ensuring that the European Union speaks with a clear and unified voice in international maritime fora.
At the same time, we are placing greater emphasis on the protection of our oceans and the sustainable development of the blue economy, recognizing that the future of shipping is inseparable from the future of our seas and oceans.
Ensuring clean, safe and sustainable oceans is not only an environmental responsibility, it is a strategic priority for the long term resilience and prosperity of our sector.
We also recognise the critical importance of investment. The transition to a greener and more technologically advanced fleet, the development of alternative fuels, and the modernization of infrastructure will require strong partnerships, sustained commitment and long-term visions.
Ladies and gentlemen,
Allow me to conclude with a simple thought.
Shipping has always been a sector that connects. And in an increasingly fragmented world, the ability to connect is more important than ever.
For Cyprus, shipping is not only a source of economic strength, it is also a source of confidence and as no country can navigate today’s complexity alone, no company can meet tomorrow’s challenges in isolation.
The way forward lies in stronger cooperation between governments and industry, closer alignment between shipping and financial markets, and shared investment in innovation, sustainability, and the human element.
Because at the heart of shipping are not only vessels and cargoes, but our most valuable asset: our people.
Thank you.