Cyprus welcomes Chinese buses featuring style and safety
The 200 King Long high-end city buses that arrived in Cyprus from Xiamen on May 27, 2020 are both stylish and safe for use in the pandemic.
In what was the biggest export ...
Kidnapped sailors return home, recount torture and intimidation
Fifteen Turkish sailors kidnapped by pirates last month in the Gulf of Guinea arrived back in Turkey on Sunday with tales of psychological torture and intimidation.
The ship’s captain ...
Containers blocked at global ports; costs up 9 times – Shipping researcher
Rates for container shipping have skyrocketed up to nine times regular levels, as global container blockages keep goods stuck in ports.
There are reports of fruit rotting in containers waiting ...
Brexit pushes up cost of freight shipments from EU using Ireland route
Irish freight volumes to and from European Union ports doubled in January, the government said on Monday, as many traders shunned the once-speedier route to the continent through Britain due ...
Cyprus shipping sees 30% tonnage tax reduction for lower emissions
The Cyprus Shipping Deputy Ministry (SDM) has announced a new range of green incentives to reward vessels that demonstrate effective emissions reductions. From fiscal year 2021, annual tonnage tax will be ...
LNG price rockets as spot market supplies dwindle
Global energy majors including Royal Dutch Shell and Total are expected to benefit most from January’s gas price spike, beating rival trading houses and non-integrated producers thanks to their ...
Brexit can hit Cyprus food exporters to UK
Food producers in the EU and Europe have expressed alarm about the effect of certain terms in the Brexit deal reached at the end of last year.
Sainsbury’s has ...
Oil tanker fleets to profit from increasing demand — Analysts
Rising demand for oil is expected to drive increases in tanker traffic in the coming year, analysts said.
Oil demand in the third quarter is estimated at 94 million barrels per ...