Shipping

The Suez Canal expects its revenues to increase by $700 million annually after transit fees hike by 15 per cent in 2023, CNBC Arabia TV channel quoted the chairman of the authority managing ...

The EU needs to ensure that its Russia sanctions do not negatively impact the bloc or individual member states, especially when it comes to the shipping sector, President Nicos Anastasiades ...

Deputy minister for shipping Vassilis Demetriades on Wednesday travelled to the Netherlands to support and promote Cypriot shipping through a number of meetings with Dutch shipping companies. According to an ...

Deputy minister of shipping Vassilis Demetriades on Thursday met with Panama’s director of the general directorate of seafarers, captain Juan Maltez, and the ambassador of Panama Julie Lyberopoulos, in ...

Since mid-July the newly re-operating ferry link between Cyprus and Greece, revived after a hiatus of 21 years, has been extremely well-received, shipping deputy minister Vassilis Demetriades said on Tuesday. Speaking ...

Dubai-owned ports giant DP World reported on Thursday a record $721 million first-half profit boosted by elevated shipping rates but said it expected its profit, revenue and container growth rates to ...

Shipping group Maersk (MAERSKb.CO) said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quarter due to worsening consumer confidence ...

Deutsche Lufthansa (LHAG.DE) said it was cancelling more than 1,000 flights ahead of a one-day walkout by ground staff scheduled for Wednesday, just as families across Germany head off on ...

The Research and Innovation Foundation (Idek) this week announced that it has provided funding to start-ups and other innovative businesses worth a total of €8.5 million. The foundation said that it ...

The Cyprus Chamber of Commerce (Keve) on Tuesday announced that it will be holding a seminar on career prospects in the maritime sector. The seminar, which is being held in ...

Deputy minister for shipping, Vassilis Demetriades attended the christening ceremony of Safe Bulkers’ new cargo ship M/V Climate Respect on Saturday during his visit to Japan together with officials ...

The Research and Innovation Foundation (Idek) on Friday announced the launch of a new call for proposals for the programme titled ‘Proof of Concept for Technology and Knowhow Applications’. The ...

The Deputy Ministry for Research, Innovation and Digital Policy on Tuesday announced that minister Kyriacos Kokkinos is taking part in the 26th Annual Economist Government Roundtable, which is taking place ...

Egypt’s Suez Canal revenue hit a record high of $7 billion in the financial year to June 30, up 20.7 per cent from the previous year, Canal Authority Chairman Osama Rabea said ...

The Deputy Ministry of Shipping on Monday announced that minister Vassilios Demetriades is currently in Japan on an official visit. During his time in the country, the minister will hold ...

The Central Bank of Cyprus released a report this week noting that the country’s international investment position (IIP) improved slightly at the end of the first quarter. In addition, ...

Cyprus Union Of Shipowners president Andreas Hadjiyiannis on Wednesday hailed the recent decision by the European Parliament to approve shipping’s inclusion in the EU emissions trading system. The plan ...

Shipping Deputy Minister Vassilios Demetriades on Monday flew to Lisbon to attend the UN Ocean Conference taking place in the city, co-hosted by the Kenya and Portugal governments. A press ...

The Association of Large Developments (Sma) on Friday said that Cyprus should strive to become an international development and business centre, noting that large projects have been the cornerstone of ...

The Cyprus Ports Authority (Alk) on Wednesday said that the commercialisation of the Larnaca port has been one of the most important events that took place in the Cyprus maritime ...

Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come. The disruption to world trade caused by ...

The United Arab Emirates will build a new Red Sea port in Sudan as part of a $6 billion investment package, DAL group chairman Osama Daoud Abdellatif, a partner in the ...

Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, announced on Thursday recently inaugurated its new office in Bremen, Germany. Headquartered in Cyprus, Tototheo Maritime has been offering ...

Ireland and Cyprus as two island nations with maritime history and tradition are facing common challenges Speaker of the Irish House of Representatives Seán Ó Fearghaíl said on Saturday. ...