Ship management revenues exceeded €1 billion in the second half of 2025, marking an increase of 2.3% compared to the first half of 2025, according to the Ship Management Survey conducted by the Central Bank of Cyprus.

According to the survey, the level of revenues is significantly higher than the average recorded during the period 2019–2021, a time shaped by pandemic-related disruptions, temporary state support measures, and elevated crew management costs.

Ship management expenses settled at €897 million, marking a marginal increase of 0.2% compared to the first half of 2025.

The survey showed that Germany remained the main trading partner, accounting for 28% of the industry’s revenues. Switzerland’s share increased to 15%, while Greece’s share decreased slightly to 12%.

Singapore’s contribution, according to the Central Bank of Cyprus, rose moderately to 5%, and the United States, absent from the main trading partners in the first half of 2025, emerged with a 4% share.

Additionally, during the second half of 2025, the survey found that 30% of companies managed to generate revenues between €2–€15 million each, while another 30% generated revenues exceeding €15 million each.

Moreover, full management services remained the main source of revenue.

Specifically, according to the Central Bank of Cyprus, in the second half of 2025, the share of full management services increased slightly to 51.2% of the total amount of ship management revenues, while crew management services marginally decreased from 48.4% in the first half of 2025 to 47% of the total revenues in the second half of 2025. The share of technical management services remained stable at 1.8% of total ship management revenues.