Shipping

The impact of Russia’s invasion of Ukraine inevitably impacted the cruise line industry, with all major cruise companies rapidly seeing the adverse effects of both the conflict and the ...

Cyprus’ trade deficit increased in January 2022 by 19.4 per cent, to €518.72 million, compared to €434.34 million in January last year, according to provisional data, published by the Statistical Service of Cyprus. At ...

Safetytech Accelerator and CMMI are pleased to announce a partnership in which they will pool resources and expertise to support sustainable growth in marine and maritime sectors. A focus on ...

Despite the recent improvement across a number of economic performance indicators, Association of Large Investment Projects president Andreas Demetriades on Tuesday called for a concerted response and an immediate course ...

President Nicos Anastasiades discussed the government’s Climate Change Initiative and developments in the Cyprus problem at the ‘One Ocean’ international summit in Brest, France, on Friday. According to government ...

As a leading maritime nation, Cyprus feels responsible to accelerate the transition of shipping to a low carbon and climate-resilient industry, President Nicos Anastasiades said on Friday, addressing the One ...

Cyprus Shipping Chamber (CSC) President and ICS Vice-Chairman Themis Papadopoulos and CSC Director General Thomas Kazakos, represented the Cyprus shipping industry at the Board of Directors meeting of the International ...

Ports giant DP World on Monday reported a 9.4 per cent rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Dubai state company said was expected ...

Deputy Ministers for Tourism and Shipping Savvas Perdios and Vassilis Demetriades welcomed the assurances by Royal Caribbean’s interest to invest in Cyprus, expressing their readiness to enhance the island’...

Limassol port management company DP World Limassol welcomed the world’s biggest cruise ship on Monday, Royal Caribbean International’s Wonder of the Seas. “It is with great pleasure that ...

The Cyprus Deputy Ministry of Shipping announced on Friday the expiration of the deadline for the submission of tenders to establish a passenger maritime link between Cyprus and Greece, as ...

Total non-performing loans (NPLs) decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91 billion. According to data released on ...

Germany’s Thyssenkrupp Marine Systems (TKAG.DE) will build three advanced submarines for the Israeli Navy in a deal worth 3 billion euros ($3.4 billion), the Israeli Defense Ministry said on Thursday. ...

Senegal President Macky Sall on Monday laid the foundation stone for the construction of a $1.13 billion deep-water port being developed by Dubai’s state-owned port operator DP World at Ndayane, ...

The Bank of Cyprus announced on Friday that it has concluded its small-scale, targeted, voluntary staff exit plan. Following the completion of the plan, 100 applicants received approval to leave at ...

Central Bank of Cyprus governor Constantinos Herodotou said on Monday that he is seeking ways to expedite banks’ client digital onboarding and reviewing processes, with Cypriot banks participating in this ...

Much like the coronavirus pandemic, and the economic disruption that it has caused, a global shipping crisis looks set to go on delaying goods traffic and fuelling inflation well into 2023. ...

Cyprus’s Shipping Deputy Minister Vassilios Demetriades has called upon the sector’s community to work towards a sustainable future for shipping, with recognition and protection of seafarers, especially in ...

The modernisation of internal procedures and the adoption of a more open approach were highlighted as urgent necessities in a report by the Cyprus Ports Authority released this week. The ...

Space Hellas, a technology solutions company operating in the fields of information technology, telecommunications and security, saw a consolidated turnover of €62.4 million during the first three quarters of 2021, reflecting a ...

The CEO of DP World Limassol, Nawaf Abdulla, took part in a panel discussion as part of DP World Group’s CARGOES Digital Trade Flow event, held on the side-lines ...

Port workers at the Eurogate Container Terminal Limassol and DP World Limassol participated in a one-hour work stoppage on Tuesday, November 23. According to a press release by the two participating ...

The cabinet has decided to increase the government subsidy for the ferry connection between Cyprus and Greece by €500,000 due to the rise in fuel prices. The increase brings the total ...

Hapag-Lloyd (HLAG.DE) could clear pandemic-related logjams in container ports faster if operators improved the turnaround of boxes, the German logistics company’s chief executive said on Friday. “There is ...