Ship management revenue recovers in H2, CBC says

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Ship management revenue recovers in H2, CBC says
 © BusinessMail 2017
By Stelios Orphanides

Cyprus’s revenue from ship management rose by 4.6 per cent year-on-year, or €458m, in the second half of 2016, from €438m in 2015, the Central Bank of Cyprus said.

In July to December last year, revenue from ship management dropped 0.9 per cent, the central bank said in its ship management survey, published twice a year on its website.

As a percentage of economic output, revenue from ship management remained unchanged at 5 per cent in the second half of last year.

“Germany remains the main source of revenues for the industry with a total share of 39 per cent,”...


Ship management revenue recovers in H2, CBC says


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