The Central Bank of Cyprus has today published the results of the Ship Management Survey for the first half of 2020. The main developments concerning the transactions of resident ship management companies, are summarised as follows:
- Ship management revenues amounted to €484 million during the first half of 2020, recording a reduction by €39 million when compared with the respective period of 2019.
- The main exporting destinations for the services of the ship management industry are Germany, Greece, Singapore and Malta.
- The industry’s payments decreased by 4,3% when compared with the respective first half of 2019.