Cyprus remains key maritime player with strong flag state rank

Cyprus has strengthened its reputation as a trusted maritime jurisdiction, ranking tenth globally among the world’s largest flag states in 2025 with a fleet totaling 24.4 million gross tonnage, according to the latest Xinhua-Baltic International Shipping Centre Development Index 2025 (ISCDI).  

The figure reflects a 2.5 per cent increase from the previous year and highlights Cyprus’ robust regulatory framework, which continues to attract shipowners seeking stability and compliance with international standards.