The Cyprus Register has marked significant growth, achieving a 23% increase in total capacity over the past two years, reaching its highest level in a quarter of a century. This milestone was highlighted by Cyprus's Deputy Minister of Shipping, Marina Hadjimanolis, during the ninth Annual Capital Link Cyprus Shipping Forum. The report indicates not only a robust performance in ship registration but also affirms Cyprus's position as a vital hub in the maritime industry.

Moreover, the sector of ship management, a fundamental pillar of Cyprus's maritime ecosystem, continues to show remarkable dynamism. Between the first half of 2024 and the first half of 2025, ship management's contribution to Cyprus's GDP surged by 17%, further establishing Cyprus as one of the world's leading centers for ship management. The Deputy Minister emphasized this growth as essential for bolstering the national economy and enhancing Cyprus's global maritime competitiveness.

In addition to its economic impact, the shipping industry provides employment for thousands of highly skilled professionals, fostering a diverse and vibrant maritime community. Hadjimanolis underscored the importance of focusing on sustainability and innovation within the sector to maintain its momentum and affirmed the commitment to strengthening the maritime community in Cyprus and the region.