Coronavirus: impact on shipping unavoidable says Deputy Minister

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Coronavirus: impact on shipping unavoidable...
 © CyprusMail 2022
The impact of the coronavirus pandemic outbreak is unavoidable, Deputy Minister of Shipping Natasa Pilides said on Thursday, expressing hope that industry will bounce back as it will continue to serve global trade.

“I believe the impact will be unavoidable both on the Cypriot economy and on Cyprus shipping through the financial results of the shipping companies which unfortunately will be affected,” Pilides told the Cyprus News Agency (CNA).

The shipping and ship management industry in Cyprus is estimated to generate around seven per cent of the island’s GDP.

Noting that shipping will...


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Article automatically added to our system on Thursday, March 26, 2020

Coronavirus: impact on shipping unavoidable says Deputy Minister


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