Cyprus’ ship management sector remained a key source of stability for the economy in the second half of 2025, with revenues reaching €1 billion and accounting for 5.4 per cent of GDP, according to results presented at the Cyprus Shipping Chamber’s (CSC) monthly meeting in Limassol. 

The chamber said the findings, based on the Central Bank of Cyprus’ (CBC) semi-annual survey on the sector’s performance, pointed to the continued strength of ship management companies operating from Cyprus and serving shipowners both locally and internationally. 

According to the chamber, revenues in the period from July 1 to December 31, 2025 rose by 2.3 per cent compared with the first half of the year. 

Taken together with the first six months of 2025, total sector revenues exceeded €1.9bn for the first time, marking the highest level recorded in the 2020-2025 period. 

The survey, carried out twice a year by the balance of payments service of the CBC’s statistics department, was discussed on Wednesday afternoon by chamber members alongside Chryso Aristidou, senior officer at the bank’s statistics department.

The chamber said the survey has, since March 2009, consistently recorded the long-term, stable and growing contribution of ship management companies based in Cyprus. 

It added that “the latest results confirmed the sector’s expanding role in supporting economic activity, employment and the country’s international competitiveness”.

The chamber welcomed the outcome, saying “it showed once again that Cyprus shipping, and ship management in particular, remains one of the country’s most important contributors to growth.”