Ship Management Survey for the second half of 2020

The Central Bank of Cyprus has today published the results of the Ship Management Survey for the second half of 2020. The main developments concerning the transactions of resident ship management companies, are summarised as follows:

• Ship management revenues amounted to €430 million during the second half of 2020, recording a reduction by €54 million when compared with the first half of 2020.
• The main exporting destinations for the services of the ship management industry are Germany, Greece, Singapore and Malta.
• The industry's payments decreased by €7 million when compared with the first half of 2020.

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