Shipping

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 service showing a General Government deficit ...

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, but it particularly benefits shipping, ...

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 on Thursday. Global supply chains ...

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 to the service, 19.49 million litres ...

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 per cent, according to the latest edition of ...

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 to the virus after disease ...

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 release on Wednesday. Moreover, the ...

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 me and for all ...

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 of proposals to ...

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, KPA Director-General, said that these ...

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 Wednesday. “Thanks to the record half-year, ...

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 global demand. The ...

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 reply to a Lloyds List ...

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 tougher restrictions fight back with ...

According to this year’s recently released Xinhua-Baltic International Shipping Center Development Index Report, Singapore, London and Shanghai are the top three global shipping hubs in 2021, followed by Hong Kong, ...

Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 bln in the previous year, the Suez Canal Authority said on Sunday. ...

SHIPPING has been left out of the Organisation for Economic Co-operation and Development proposals for a global minimum corporation tax rate of no less than 15 per cent, Lloyds List reported ...

The UK has now concluded annual fisheries negotiations with the EU, providing certainty for the fishing industry on catch limits for the remainder of 2021, the Department for Environment, Food & ...

A Cyprus-based shipowner has managed to regain almost a sixth of their ship’s value in a single voyage due to the frenetic global container market and the resulting soaring ...

Britain is to build a new flagship to promote its business and trade interests around the world, the government said on Saturday, in a move it said would also boost ...

China’s Marco Polo, the largest container ship ever to arrive on the US East Coast, arrived on Thursday. At 16,022 twenty-foot equivalent units (TEU), the Marco Polo is close to ...

Despite the financial difficulties cause by pandemic restrictions, Cyprus managed to maintain its position as the third largest shipping fleet in Europe, the 11th largest in the world, and the ...

Limassol Marina General Manager Nikiforos Pampakas talks about how the wharf is faring and evolving. Q:How has the Limassol Marina been affected by the pandemic? A:We are now ...

Lebanese Minister of Public Works and Transport Michel Najjar early this month signed an amendment of a decree that would fix Lebanon’s maritime borders – unfortunately the proposed demarcations are ...