Page 22 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - SEPT 2025

Interview of the month

Today, the drive for decarbonisation is essential contribute to the national economy and
for the industry’s long-term sustainability; overall quality of life. Its strategic loca-
However, it does come with significant challenges, tion at the crossroads of major shipping
especially for small and medium-sized shipping routes, combined with a business-friendly
companies – even more so for those running older environment that offers attractive tax
fleets. incentives, and a transparent regu-
latory and legal framework, makes it
exceptionally appealing. On top of that,
with modern maritime infrastructure,
a high-quality ship registry, and a skilled
workforce in the field, Cyprus really
stands out as a go-to spot for global mar-
itime business.
The Cyprus flag stands out as a strong
and reliable choice, ranking third among
European flags and eleventh globally.
With its dynamism and outward-looking
approach, and the support of all its stake-
holders, Cyprus has the potential to cap-
ture a larger share of the global industry.
Cyprus’s shipping industry has seen
remarkable growth in recent years. Its
president, Nikos Christodoulides, and the
government have been placing emphasis
on elevating diplomacy – an effort that
plays a critical role in safeguarding the
country’s maritime interests and expand-
Are there any diversification plans At this stage, our priority is to reinforce ing its international standing. To keep up
beyond dry bulk or geographic that foundation, ensuring long-term resil- this momentum and strengthen its posi-
expansion into new markets? As ience and competitiveness. We remain tion in Europe and beyond, Cyprus must
a publicly listed company with fam- deeply committed to the business we intensify its efforts to develop and rein-
ily roots, how does Safe Bulkers know best, while continuously striving force cooperation mechanisms and strat-
balance corporate governance to evolve, leading the way through reg- egies that protect and expand its maritime
with long-term family vision? ulatory frameworks and technological interests. Given the current geopolitical
As a successor to a company originally advancements. Our hands-on man- volatility, Cyprus needs a multi-layered
founded in 1958, Safe Bulkers proudly agement approach is currently focused diplomatic and strategic approach that
carries forward over 65 years of enduring on executing our environmental strategy, includes strengthening regional coalitions,
and resilient presence in the dry bulk sec- with shareholder value firmly anchored deepening its bilateral ties and maritime
tor, through consistent outperformance at the centre of our operations. relations with global powers such as
and a steadfast commitment to sustain- As Safe Bulkers continues to evolve, the United States, while continuing to
able growth. Over the past decades, the new generation of family members leverage its EU membership to extend
we have formed strong partnerships has started joining the business, gaining the reach of its maritime interests.
with key players in the dry bulk market, a deep understanding and knowledge of
and our company has earned recogni- the dry bulk industry, along with the prin- How do you balance commercial per-
tion for its operational excellence, strong ciples of hard work and integrity that have formance with ESG expectations
financial profile, and transparent corpo- shaped our business over the decades. from financiers and charterers?
rate governance practices. The importance of Environmental, Social
Being publicly listed on the NYSE since In light of the increasingly complex and and Governance (ESG) performance
2008 has added a layer of accountabil- fluid geopolitical environment in the within the shipping industry has grown
ity and transparency, strengthening the Eastern Mediterranean, what kind significantly in recent years. Shipping
foundations our family built this company of diplomatic and strategic rela- companies are gradually required to
on. Our governance framework combines tionships should Cyprus prioritise meet ESG-related standards and reg-
experienced independent directors with to safeguard its maritime interests? ulations in response to the regulatory
family representatives, striking a solid Cyprus has successfully established itself pressures and stakeholders’ expecta-
balance that keeps us focused on long- as a leading global maritime hub, attract- tions around climate change action,
term growth while staying true to our core ing key industry players and fostering social initiatives, and corporate gover-
values, which define who we are. significant investment opportunities that nance practices. Both financial markets

20 NX