Ship Finance In Cyprus: Opportunities And Challenges - 2022

In this ever-changing environment, the Shipping Industry is called upon to face enormous challenges deriving from the necessity for transforming the industry into a “green area” and satisfying the environmental requirements and evolving regulations. Most of the ship owners choose to either transform their current fleet or to build new vessels in order to meet the updated environmental regulations which include, amongst others, provisions for the greenhouse gas reductions and the mitigation of the air pollution, bio-fouling, plastic pollution and underwater noise.

Inevitably, the transformation of the sector prerequisites the relevant funding and ship financing has become critical for the shipbuilding sector and shipping companies around the world. The aspect of financing in shipping, involves both the corporate financial management of shipping companies for the refinancing of existing debts and the new-building finance for the construction of new vessels.