The Central Bank of Cyprus has today published the results of the Ship Management Survey for the first half of 2019. The main developments concerning the transactions of resident ship management companies, are summarised as follows:
- Ship management revenues closed at €523 million during the first half of 2019, recording a decrease of €5 million when compared with the second half of 2018.
- The main exporting destinations for the services of the ship management industry include Germany, Greece, Malta and Singapore.
- The industry’s payments increased by €26 million during the period under review and comprised mostly of crew wages and training expenses.