Editing Economy of Cyprus (section)

==Role as a shipping hub==
{{main|Cyprus Merchant Marine}}
[[File:Cranes Limassol Harbour 20110703.jpg|thumb|250px|The port of [[Limassol]], the busiest in Cyprus.]]
Cyprus constitutes one of the largest [[ship management]] centers in the world; around 50 ship management companies and marine-related foreign enterprises are conducting their international activities in the country while the majority of the largest ship management companies in the world have established fully fledged offices on the island.<ref>[http://www.cyprusshipping.com/limassol-shipping-companies.html Limassol Based Shipping Companies] CyprusShipping.com</ref> Its geographical position at the crossroads of three continents and its proximity to the [[Suez Canal]] has promoted [[Cyprus Merchant Marine|merchant shipping]] as an important industry for the island nation. Cyprus has the tenth-largest registered fleet in the world, with 1,030 vessels accounting for 31,706,000 [[deadweight tonnage|dwt]] as of 1 January 2013.<ref>{{cite web|title=Review of Maritime Transport 2013|url=http://unctad.org/en/PublicationsLibrary/rmt2013_en.pdf |archive-url=https://ghostarchive.org/archive/20221009/http://unctad.org/en/PublicationsLibrary/rmt2013_en.pdf |archive-date=2022-10-09 |url-status=live|publisher=[[United Nations Conference on Trade and Development]]|access-date=16 November 2014|location=Geneva}}</ref><ref>{{cite web| url = http://directories.lloydslist.com/services-browse/ss/3123/country/Cyprus| title = Lloyds Ship Management Directory}}</ref>