Cyprus Ship Registry Achieves 14% Growth In 2024

by THEFUTURE.TEAM

November 26, 2024

Deputy Minister of Shipping Marina Hadjimanolis reported that the Cyprus ship registry had grown 14% since September 2023 during a discussion of the Ministry’s 2025 budget at the Finance Committee of the House of Representatives. She described this milestone as a testament to the effectiveness of the Ministry’s strategic initiatives.

Since September 2023, 161 vessels, with a combined capacity exceeding 4 million tons, have been registered under the Cyprus flag. Hadjimanolis attributed this success to targeted outreach to new markets in Asia and the Americas, addressing challenges posed by Turkey’s embargo on Cypriot-flagged ships.

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The Deputy Ministry’s proposed budget for 2025 includes €18.5 million in expenditures, with 55% allocated to advancing its primary strategic goals. Among the most significant investments is the €5.5 million subsidy for the Limassol-Piraeus ferry service, which will continue operations for three more years.

These results highlight Cyprus’ growing reputation as a key player in global maritime trade, focusing on expanding market opportunities and sustaining vital shipping links.

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CySEC Enhances Market Integrity By Withdrawing Firms From Compensation Fund

by THEFUTURE.TEAM

February 16, 2026

Regulatory Action Strengthens Investor Protection

The Cyprus Securities and Exchange Commission (CySEC) has taken decisive steps to protect investors by removing two investment firms, VM Vita Markets Ltd and HTFX EU Ltd, from the Investors Compensation Fund (ICF). This move follows the earlier rescission of their Cyprus Investment Firm (CIF) authorizations.

Link Between Licensing And Compensation

The ICF serves as a safety mechanism, ensuring that clients receive due compensation if an authorized firm is unable to return funds or financial instruments. With the withdrawal of their operating licenses, these firms were rendered ineligible for the fund, highlighting the direct correlation between valid authorization and participation in investor protection schemes.

Preservation Of Client Rights

CySEC has been clear that the removal from the compensation scheme does not jeopardize the entitlements of affected clients. Investors who conducted eligible transactions before the revocation of membership retain the right to claim compensation, provided they meet the established conditions outlined in the directive. This precaution ensures that investors continue to receive remediatory support, even as the firms exit the regulated framework.

Maintaining Oversight In A Dynamic Market

This regulatory intervention reinforces CySEC’s commitment to market oversight and financial stability. By aligning firm licensing with participation in investor safeguard programs, the commission exemplifies robust supervisory practices that adapt to evolving market conditions. Such measures bolster investor confidence and set a standard for regulatory practices in similar financial markets worldwide.

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