Cyprus is a globally sought after maritime centre. According to the Cyprus Shipping Chamber, Cyprus has the 10th largest merchant fleet worldwide and the 3rd largest fleet in the EU with 1000+ ocean-going vessels totalling 21 million gross tons. The city of Limassol is also considered to be the largest 3rd party shipmanagement centre in the EU and one of the biggest across the globe. Some of the world’s largest shipping related companies have established presence in Cyprus and it is estimated that some 4% of the world’s fleet is managed from the island.

Cyprus is one of the most competitive global shipping centres, renowned for its high quality service delivery, appealing legislative and operational shipping infrastructure, its robust tax system, highly experienced human talent, and its registration fees and taxes. In fact, the country is thought to be one of the most competitive global shipping centres

Where we can help:

At Myrianthous, we have broad experience in several areas of maritime law. Our Admiralty and Shipping lawyers represent shipowners, ship managers, charterers, shipping agents, freight forwarders, shipbroking, and other shipping related companies in all matters concerning shipping and maritime legislation and regulations including:

  • Company registration and setting up of appropriate structure
  • Applications for the registration of vessels in the relevant registries
  • Registration of a vessel under the Cyprus flag
  • Yacht registration
  • Renewal of documents of vessels
  • Acquisition of vessels
  • Transfer of ownership of Cyprus flag vessels
  • Deletion of vessels from relevant registries
  • Drafting of any agreements relating to purchase, sale or financing of vessels
  • Related company law, tax and finance matters

We also assist companies in all manner of disputes and claims such as and/or relating to:

  • Contractual claims
  • Collisions
  • Insurance claims
  • Salvage claims
  • Vessel construction and/or rebuilding or repairing disputes
  • Personal injury claims
  • Disputes arising from employment of officers or crew
  • Loss or damage to cargo
  • Insolvency matters