Cyprus Ship Management Revenue Nears €1 Billion
Ship management revenues in Cyprus increased to €978 million in the first half of 2025, marking a 6.7% increase compared to the second half of 2024, according to the Central Bank of Cyprus (CBC).
This figure corresponds to 5.5% of Cyprus's half-year GDP, keeping the sector above its pre-pandemic average between 2019 and 2021.
- 31% of companies generated revenues between €2m and €20m.
- 31% of companies exceeded the €20m threshold.
The CBC noted that a small number of large firms dominate the industry, with the top 27% of companies accounting for 85% of total revenues.
No direct quote available in the text.
Author's summary: Cyprus ship management revenue grows 6.7% in early 2025.