The Central Bank of Cyprus has today published the results of the Ship Management Survey for the second half of 2019. The main developments concerning the transactions of resident ship management companies, are summarised as follows:
- Ship management revenues amounted to €581 million during the second half of 2019, recording an increase by €58 million when compared with the first half of 2019.
- The main exporting destinations for the services of the ship management industry include Germany, Greece, Malta and Switzerland.
- The industry’s payments decreased by €15 million during the period under review.