Management
Some of the world's largest ship management companies have their headquarters on the island from where they manage a considerable number of
vessels under the Cypriot and foreign flags. Their success has led other enterprises offering shipping related services, such as marine
insurance, average adjustment, ship classification etc, to be established in Cyprus. The Cypriot merchant fleet ranks 6th on the list of
maritime nations. This achievement is due to the cost competitiveness of the Cypriot Ship Registry, the island's well-developed maritime
infrastructure as well as the high standard of services offered to international shipping.
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