The President of the Republic of Cyprus has officially announced the new Ministers of the Government following a mini cabinet reshuffle, and has appointed Mr. Vassilios Demetriades as the new Shipping Deputy Minister from 10th July, 2020. Two years after the establishment of the Cyprus Shipping Deputy Ministry (SDM) in March 2018, Mr. Demetriades joins the Cyprus Shipping Deputy Ministry as a seasoned maritime policy expert, known for his extensive work within the shipping industry and contributions to the European Union (EU).
Since its inception, the Cyprus flag has seen significant growth, and currently ranks as the eleventh largest merchant fleet worldwide and the third largest fleet in the European Union. Cyprus now flags more than 1,100 oceangoing vessels with a total gross tonnage exceeding 24 million. Shipping revenues represent 7% of Cyprus’ GDP and the sector employs approximately 3% of the country’s gainfully employed population. Mr. Demetriades is committed to building on these strong foundations.
Commenting on his appointment, Vassilios Demetriades, Cyprus Shipping Deputy Minister, said: “I am honoured to accept the position as Shipping Deputy Minister and to become part of this passionate, intellectual and dynamic ministry. Our ultimate goal is to continue growing Cyprus shipping and further develop our maritime cluster and flag”…
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