Shipping

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 ...

Revenue from ship management showed a small increase in the first half of 2021, reflecting the recovery in global shipping after the disruption caused by the Covid pandemic. According to the ...

Royal Caribbean International is expected to continue using Limassol as a home port for some of its cruises in 2022, port management company DP World Limassol said on Thursday. DP World ...

The deputy ministry of shipping on Friday announced the online publication of the draft tender document for the establishment of a ferry link with Greece which is available for open ...

Deputy Minister of Shipping Vasilis Demetriades stressed the importance of digital technology for the maritime sector during his speech at the CSN Cyprus Shipping ICT Conference in Limassol on Thursday. “...

Cyprus’ connection to the sea is fundamental for both the nation and its economy, Deputy Minister of Shipping Vasilis Demetriades said on Tuesday presenting the government’s long-term shipping strategy. “...

The Cyprus Shipping Chamber travelled to Brussels this week to participate in a conference hosted by the European Community Shipowner’s Association (ECSA). The Cypriot delegation was composed of the ...

“World Maritime Day is a chance to show our appreciation to the unseen heroes who contribute to the ceaseless operation of world trade,” Cyprus Shipping Deputy Minister Vassilios Demetriades said ...

DP World Limassol used World Tourism Day to reiterate its commitment to further bolster the country’s cruise industry and turn the Limassol port into a top cruise hub in ...

71 community councils have been exempted from contributing to the construction cost of various small-scale projects amounting to €5.2 million in total. The councils’ contributions will instead be sourced from savings made ...

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 contribution to the Cypriot ...