The Cyprus Employers and Industrialists Federation (OEB) is also a co-signatory to the agreement.

The signing of the renewal of the Collective Bargaining Agreement for the next two years (2019-2020), which was the result of fruitful negotiations between the social partners in Cyprus Shipping, proves once more the sustainable environment in Cyprus Shipping with strong maritime labour relations among social partners.

The renewed Collective Bargaining Agreement, the content of which has been updated based on the International Labor Convention and other similar Maritime Conventions, creates very promising prospects for the further development of the Cyprus Shipping Industry and the Cyprus Flag, as well by extension, to the significant financial contribution of Cyprus Shipping at large to the Cyprus economy.