Angeliki Frangou: Cyprus has managed to solve problems. The country has created an excellency for a shipping centre as Cypriots understand that international shipping needs stability, a stable tax environment and has very good benefits such as educated people and a great potential for a long term shipping sector. Cyprus has managed to find ways to minimise the damage for the Cyprus Flag. They allow us to re-register without additional expenses. Cyprus is a country that has clear objectives and a long term cluster for shipping.