Key Market Indicators
In 2023, the Cypriot passenger ship fleet saw a notable decline, dropping to 21 units from 27 units in 2022. This represents a significant decrease of approximately 22%. On a broader scale, the annual reduction in the Cypriot fleet has been evident since 2007, with an average yearly decline of around 12%. In the latest rankings, Cyprus fell to 12th place globally. Belgium surpassed Cyprus, matching its fleet size with 21 units. Leading the rankings were Spain, Greece, and Italy, taking the second, third, and fourth spots respectively.
