“Safe Bulkers” shipping firm, opening offices in Limassol

Safe-BulkersFounded by Polys Haji-Ioannou, son of renowned Cypriot shipowner Vassos Haji-Ioannou, the Company provides ship management services to companies positioned throughout the sector.  Among these is Safe Bulkers, listed on the New York, which also belongs to Haji-Ioannou. The company owns 36 cargo ships.

Recently we have seen billionaire Polys Haji-Ioannou begin preliminary preparations for the establishment of a Limassol base for his ship management firm Safety Management.Offices have been secured in Limassol and marked with the Company logo.

The Cypriot businessman has long planned to operate part of his successful shipping business through Cyprus due both to the welcoming nature of the country’s business environment and the stability of its economy.

Greek shipping companies are looking into moving to Cyprus due to the instability and uncertainty in Greece, it emerged on Thursday. Indeed this trend is attributed to the island’s attractive business incentives, strategic location and excellent reputation among the international shipping industry. Director General of the Cyprus Shipping Chamber Thomas Kazakos confirmed that Greek companies were contacting maritime service providers asking about tax issues and other shipping administration questions.

Around four per cent of the world’s fleet is managed from Cyprus and 87 per cent of the companies are controlled by EU interests. Limassol is considered to be the largest third party ship management centre in the EU with more than 130 ship management and shipping companies maintaining offices and conducting international activities from Cyprus.

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