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Cyprus Shipping Industry Champions Global Initiative For Harassment-Free Seas

Maritime Sector Takes a Stand

Cyprus’s shipping community is increasingly aligning itself with international efforts to eradicate harassment at sea. As part of a broader commitment to crew welfare and respectful workplace culture, local maritime stakeholders are integrating global campaigns and regulatory reforms into their operational framework.

Global Campaign for a Harassment-Free Workplace

In mid-2025, the International Maritime Organization (IMO)’s Day of the Seafarer campaign, under the banner “My Harassment-Free Ship,” resonated deeply within Cyprus’ maritime sector. This initiative called on shipping companies, regulators, and crew members to translate well-intentioned pledges into tangible safeguards such as robust training programs, protection measures, and reliable reporting mechanisms.

Enhancing Safety Through a Culture of Respect

Local maritime leaders have linked a respectful onboard culture to improved safety outcomes and operational efficiency. Earlier this year, executives from the Columbia Group emphasized that an open, inclusive culture is crucial for optimal communication, safer operations, and overall crew well-being. This sentiment was further reinforced at the 2025 Maritime Cyprus Conference in Limassol, where IMO Secretary-General Arsenio Dominguez highlighted crew welfare, mental health, and safety culture as vital pillars alongside decarbonisation and digitalisation.

Regulatory Evolution and Industry Response

Regulatory changes are accelerating this paradigm shift. From 2026, amendments to the IMO’s STCW Code will mandate training that specifically targets the prevention of harassment and bullying, including sexual harassment. Concurrently, Cyprus has introduced a national Code of Practice on workplace conduct that supports a zero-tolerance policy across all sectors, including shoreside maritime operations.

Innovative Training Addresses a Critical Gap

Steve Richards, Director at VIRSEC, notes that traditional corporate training does not adequately reflect the complexities of life at sea. In response, his team is preparing a fully online course, set to launch in early 2026, that addresses the unique challenges of maritime operations. This curriculum uses realistic scenarios to tackle issues from harassment to miscommunication, ensuring that crew members—from seafarers to supervisors—are better equipped to navigate the onboard environment.

The Business Case for a Respectful Maritme Culture

Richards explains that the maritime industry faces significant recruitment and retention challenges, particularly as it seeks to attract a diverse workforce that includes more women and younger professionals. For the industry, fostering trust and ensuring that crew members feel safe is not only a matter of legal compliance but also of competitive advantage. Empirical evidence shows that respected teams communicate more effectively, experience fewer conflicts, and perform better during both routine and emergency operations.

A Future Focused on Inclusivity and Safety

Looking ahead, industry leaders are committed to transforming maritime workplace culture. With advances in technology, rapid shipping expansion, and evolving crew demographics, now is the time to redefine professional standards. As Richards wisely observes, harassment undermines not only morale and trust but also operational safety. Investing in tailored, scenario-based training is key to cultivating a culture where every maritime professional is empowered to maintain high levels of professionalism, safety, and inclusivity.

For companies dedicated to establishing a healthier and more respectful maritime environment, this strategic shift is as essential as any technical upgrade. The path toward safer seas begins with creating a workplace where every crew member is valued, heard, and protected.

Cyprus Residential Market Surpasses €2.5 Billion In 2025 With Apartments Leading the Way

Market Overview

In 2025, Cyprus’ newly built residential property market achieved a remarkable milestone, exceeding €2.5 billion. Data from Landbank Analytics indicates robust activity countrywide, with newly filed contracts reaching 7,819, including off-plan developments. This solid performance underscores the market’s resilience and dynamism across all districts.

Transaction Breakdown

The apartment sector clearly dominated the market, constituting 81.6% of transactions with 6,382 deals valued at €1.77 billion. In contrast, house sales represented a smaller segment, encompassing 1,437 transactions and generating €737.9 million. The record-high transaction was noted in Limassol, where an apartment sold for approximately €15.2 million, while the priciest house fetched roughly €6.2 million.

Regional Analysis

Nicosia: The capital recorded steady domestic demand with 2,171 new residential transactions. Apartments accounted for 1,836 deals generating €349.6 million, compared to 335 house transactions worth €105.5 million, anchoring Nicosia as a core market with average values of €190,000 for apartments and €315,000 for houses.

Limassol: As the island’s principal investment center, Limassol led overall activity with 2,207 transactions. Apartments dominated with 1,936 sales generating €824.1 million, while 271 house transactions added €157.9 million. The district enjoyed premium pricing, with apartments averaging over €425,000 and houses around €583,000.

Larnaca: This district maintained robust activity with a total of 2,020 transactions. The apartment segment realized 1,770 transactions worth €353 million, and houses contributed 250 deals valued at €96.3 million. Average prices hovered near €200,000 for apartments and €385,000 for houses, positioning Larnaca within the mid-market bracket.

Paphos: With a more balanced mix, Paphos completed 1,078 transactions. Ranking second in overall value at €503.2 million, the district saw house sales generate €287.8 million and apartments €215.4 million. Consequently, Paphos achieved the highest average house price at approximately €710,000 and an apartment average of €320,000, emphasizing its premium housing profile.

Famagusta: Distinguished by lower transaction volumes, Famagusta was the sole district where house sales outnumbered apartment deals. Out of 343 transactions, 176 involved houses (yielding €90.4 million) and 167 were apartments (at €32.4 million). The segment’s average prices were about €194,000 for apartments and over €513,000 for houses, signaling its focus on holiday residences and coastal developments.

Sector Insights and Forward View

Commenting on the report, Landbank Group CEO Andreas Christophorides remarked that the analysis demonstrates an ecosystem where apartments are the cornerstone of the real estate market. He emphasized, “The apartment sector is not merely a trend; it is the engine powering the country’s real estate market.” Christophorides also highlighted the diverse regional dynamics: Limassol leads in apartment pricing, Paphos commands premium house prices, Nicosia remains pivotal to domestic demand, Larnaca sustains competitive activity, and Famagusta caters to holiday home buyers.

In a market characterized by these varied profiles, informed monitoring of regional and sector-specific dynamics is crucial for investors aiming to make targeted and strategic decisions.

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