Nicosia will reveal next week the preferred bidder to operate the Cyprus-Greece passenger ferry, 22 years after it was abandoned, with the line expected to start as early as June. The Shipping
Cyprus ship management revenues increased to €516 mln during the second half of 2021, or 4.2% of GDP (as turnover), marking a steady recovery from the pandemic and associated decline in economic
Cyprus cruising pioneer Costakis Loizou, who transformed a small family travel agency into a major hotels and tourism company, received the InBusiness Lifetime Achievement Award for his 50 years’ contribution to the
A new era beckons for Larnaca as construction of the €1.2 bln redevelopment of the town’s marina and port is undertaken by Cypriot-Israeli private investors. As agreed in December 2020, the Cyprus
The Cyprus University of Technology is launching the first of a series of post-graduate courses in Larnaca in September, with a Master’s MSc degree in Maritime and Finance. CUT Rector Panayiotis Zafeiris
A government deal with Limassol port management to avoid a hefty 16% increase in tariffs in exchange for taking over a €5 mln loan is under scrutiny by the Audit Office for
The three biggest container shipping groups in the world announced they were suspending non-essential deliveries to Russia, adding to the country’s economic isolation following a raft of sanctions by the West. Danish
Rescuers searching a burning ferry off the Greek island of Corfu on Sunday recovered the body of a trucker, the first confirmed fatality, as a 21-year-old Belarussian man was found alive three
Work on the much-awaited Larnaca port and marina €1.2 bln redevelopment is on track, with Cyprus soon reaping the benefits. Transport Minister Yiannis Karousos visiting the port Friday along with MPs, said
A fire broke out Friday on an Italian-flagged cruise ship sailing through the Ionian Sea, injuring one crew member among the nearly 300 people on board, the Greek coastguard said. The fire
