Strong Revenue Growth In H2 2025

According to the latest Shipping Management Survey by the Central Bank of Cyprus, shipping management revenues in Cyprus exceeded €1 billion in the second half of 2025. This represents a 2.3% increase compared with the first half of the year, indicating continued recovery following earlier disruptions in the sector.

Evolving Financial Landscape Post-Pandemic

Revenue levels in H2 2025 were higher than the averages recorded between 2019 and 2021, a period affected by pandemic-related disruptions, temporary support measures, and increased operating costs. Management expenses reached €897 million, reflecting a marginal 0.2% increase compared with H1 2025, suggesting relative cost stability alongside revenue growth.

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Shifting Global Trade Partnerships

Germany remained the largest trading partner, accounting for 28% of total revenues. Switzerland’s share increased to 15%, while Greece declined slightly to 12%. Singapore accounted for 5%, and the United States entered the top group of partners with a 4% share, compared with no recorded share in the previous half-year.

Diversified Revenue Distribution

Revenue distribution across companies remained varied. Around 30% of firms reported revenues between €2 million and €15 million, while another 30% exceeded €15 million, indicating a mix of mid-sized and larger operators within the sector.

Resilient Service Segments

Full-service management remained the primary revenue driver, increasing slightly to 51.2% of total revenues. Crew management declined marginally from 48.4% to 47%, while technical management services remained stable at 1.8%.

Outlook For The Sector

The data point to a stable and expanding shipping management sector in Cyprus. Performance levels remain above those seen during the pandemic period, with steady demand, diversified partnerships, and consistent service activity supporting continued growth.