President gives shipping his full backing
President Nicos Anastasiades praised the resilience of the shipping sector during a dinner hosted by the Cyprus Union Of Shipowners in Athens. Anastasiades underlined shipping’s...
Shipping
Cyprus Business Now: energy market and shipping industry updates
The Cyprus shipping industry met with the International Chamber of Shipping (ICS) on Tuesday, September 14, to discuss the various technical and environmental issues stemming...
Cyprus Business Now
The Maritime Cyprus Conference has been postponed due to logistical issues stemming from the coronavirus pandemic and the related precautions and safety measures currently in...
Cyprus Business Now
Transport Minister Yiannis Karousos expressed ‘total satisfaction’ with the progress of the Larnaca port and marina redevelopment project after visiting the site on Thursday, September...
Cyprus Business Now
Cyprus Shipping Deputy Minister Vassilios Demetriades met with his Egyptian counterpart Transport Minister Kamel al-Wazir on Saturday, September 4, as part of the wider intergovernmental...
Iranian oil, despite sanctions, is on it’s way to Hezbollah in Lebanon
The first Iranian fuel oil cargo secured through Lebanon’s armed group Hezbollah will be delivered via Syria by truck to avoid complications related to sanctions,...
Cyprus Business Now
The public deficit has fallen by 0.2 per cent in the first seven months of the year, with preliminary fiscal results by the Cyprus statistical...
Shipping will gain from the race for broadband in space
There are at least four well-funded companies focused on competing to supply broadband from space in low-earth orbits. The market for these services is vast,...
German companies struggle with supply shortages.
Four out of five German companies are struggling with a shortage of raw materials, the Association of German Chambers of Industry and Commerce (DIHK) announced...
Cyprus Business Now
Beer deliveries in Cyprus have increased year-on-year during the first seven months of the year, a report by the Cyprus Statistical Service has shown. According...
Container shipping market ‘is really crazy right now’ – Analyst
2021 will be the first year in the history of container shipping when carrier profits approach $100 billion and average freight rates jump by 50...
Cyprus Business Now
Cyprus-based Vioiatriki Laboratories are offering a cellular immunity test for Covid-19, according to a statement. “Cellular immunity begins almost simultaneously with the production of antibodies...
Larnaca port and marina redevelopment to return handsomely
The redevelopment of the Larnaca port and marina is expected to generate billions in revenue, Kition Ocean Holdings CEO Panos Alexandrou said in a press...
Cyprus Business Now
Cyta’s new chairman of the board Michael Ioannides has officially assumed his duties, releasing an introductory statement about his new role. “The challenge, both for...
Cyprus Chamber of Shipping says EU emissions package won’t work
The Cyprus Chamber of Shipping doesn’t think that the EU’s package to decarbonise shipping will simply prove effective. The “Fit for 55” package is a set...
Kuwait to build ‘logistics cities’ to become shipping hub
Kuwait plans to establish logistic cities to support local economy and attract foreign investment, Kuwait Ports Authority (KPA) announced on Sunday. Sheikh Yousef Al-Abdullah Al-Sabah,...
Budapest Airport sees record cargo turnover thanks to China’s Alibaba
The Budapest Airport has reported a record turnover for its first six months in 2021, thanks to the Chinese e-commerce giant Alibaba, the airport informed...
China’s foreign trade up 27.1%, exports booming
China’s foreign trade in the first half of the year posted the best performance in history, underpinned by the country’s sustainable economic recovery and strong...
Cyprus-flagged ships violate US sanctions at their own risk
Cyprus-flagged ships violate US sanctions at their own risk, as this country is not legally obliged to enforce those of the US. This is in...
Shipping companies tighten operations in fear of sanctions
Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever...