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ARTICLE · 31 OCTOBER 2007

Shipping - The Cyrpus Way

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Cyprus is a well-established shipping centre in a strategic geographical location at the crossroads of three continents close to the Suez Canal.

CyprusTransport
Panayiotis Neocleous
Panayiotis Neocleous
Costas Stamatiou
Costas Stamatiou
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This article appeared in the September 2007 issue of "Offshore Investment" and is reproduced by kind permission of the publisher.

Cyprus is a well-established shipping centre in a strategic geographical location at the crossroads of three continents close to the Suez Canal.

The shipping industry has developed in line with the island’s growth as an international business and financial centre, and Cyprus is now the world’s third largest shipmanagement centre and home to the ninth largest merchant fleet in the world in tonnage terms.

One of the factors underpinning Cyprus’s success in attracting shipping business is the island's excellent infrastructure. Cyprus has one of the most advanced telecommunications systems in the world and its two airports provide frequent direct connections with all major European countries, the Arab world and beyond. All the businesses and services which the shipping industry requires are available at a high quality in Cyprus, including ship owners, ship

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