On March 9th, Nicos Anastasiades pledged to continue working on lifting the embargo against ships under the Cyprus flag, introduced in 1987.
Anastasiades made this statement at the annual official dinner organized by the Cyprus Shipping Chamber in Nicosia. He said that ‘a rational and constructive solution to the Cyprus problem will inevitably lead to the lifting of Turkish restrictive measures to Cypriot vessels, which at the moment is Turkey’s unfulfilled obligations towards Cyprus and the EU.’
The president noted that shipping could act as a catalyst in the stability and further development of the Eastern Mediterranean region. It also formed part of the tripartite agreements with neighbouring countries, such as Israel, Egypt, Jordan, Lebanon and Palestine.
Despite the Turkish restrictions, the Cyprus Ship Registry is the 11th largest in the world and the third in the EU. Cyprus is also considered the third largest center of shipping management in the world.