News & Blog

Shipping industry news, Cyprus port updates and logistics insights.

Why Container Lines Are Rushing Back to the Suez Canal Despite Rising Risks

Why Container Lines Are Rushing Back to the Suez Canal Despite Rising Risks

Container carriers see only a $1 million saving per round‑trip via Suez, yet war‑risk premiums and security concerns make the choice far from simple.

12/10/2026
Turkey’s Crude Oil Export Surge Reignites Mediterranean Tanker Market

Turkey’s Crude Oil Export Surge Reignites Mediterranean Tanker Market

Turkey’s crude exports jumped 31% YoY in Jan‑Sep 2026, driven by Azeri BTC and Iraqi Kirkuk grades, reshaping global tanker flows.

12/10/2026
UK and Japan Impose Vessel‑Specific Sanctions on Russia’s Largest Shipping Group

UK and Japan Impose Vessel‑Specific Sanctions on Russia’s Largest Shipping Group

London and Tokyo target individual Sovcomflot tankers and LNG carriers, expanding sanctions before the ships even begin regular trading.

12/10/2026
BIMCO Introduces Standard Framework for Energy‑Saving Retrofit Costs

BIMCO Introduces Standard Framework for Energy‑Saving Retrofit Costs

BIMCO's new Energy Saving Device Retrofit Addendum 2026 offers shipowners and charterers a flexible contract template to split retrofit expenses and fuel‑saving benefits.

11/10/2026
Wolt Retail Report Shows Surge in E‑Commerce Driving New Logistics Opportunities

Wolt Retail Report Shows Surge in E‑Commerce Driving New Logistics Opportunities

Wolt records 230 million orders since 2015, with retail now over a quarter of its sales, highlighting shifting consumer habits and logistics demand.

11/10/2026

Pilakouta Group Unveils State‑of‑the‑Art BMW Retail.Next Showroom in Nicosia

Pilakouta Group launches a fully renovated BMW Retail.Next showroom in Nicosia, showcasing a blended physical‑digital experience for BMW, MINI and Motorrad brands.

11/10/2026
Hybrid Cars Lead 9.1% Rise in Cyprus Vehicle Registrations, 2026

Hybrid Cars Lead 9.1% Rise in Cyprus Vehicle Registrations, 2026

Cyprus recorded a 9.1% increase in motor vehicle registrations to 43,890 in Jan‑Sept 2026, with hybrids now comprising 53% of passenger cars.

10/10/2026
Lidl Appoints Georgios Tokatlidis as CEO of Greece and Cyprus Operations

Lidl Appoints Georgios Tokatlidis as CEO of Greece and Cyprus Operations

Lidl names Georgios Tokatlidis, currently CEO of Lidl Denmark, to lead its Greece and Cyprus businesses from March 1, 2027, succeeding Miltiadis Forozidis.

10/10/2026
EU-China Deal Cuts Hybrid Vehicle Exports, Eases Rare‑Earth Licences, Boosting Trade Logistics

EU-China Deal Cuts Hybrid Vehicle Exports, Eases Rare‑Earth Licences, Boosting Trade Logistics

The EU and China have agreed to limit Chinese hybrid car exports to Europe and streamline rare‑earth licences, promising significant tariff savings and reshaping maritime trade.

10/10/2026

SpaceX Seeks $40bn Debt to Fund Nvidia AI Chips: Risks for Tech-Driven Shipping

SpaceX is courting $40 bn in debt to purchase Nvidia AI chips, a move that highlights a financing loop that could affect the shipping sector’s push toward autonomous technology.

09/10/2026

SF1 Group Brings Victoria’s Secret to Cyprus via Mall of Cyprus

SF1 Group, a Serbian consortium, secures the Victoria’s Secret franchise for Cyprus, opening the first store in Mall of Cyprus.

09/10/2026

Chakarian Colour Centres Marks 75 Years of Innovation Across Three Generations

Celebrating 75 years, Chakarian Colour Centres has evolved with Cyprus, embracing technology and sustainability under three family generations.

09/10/2026

Earlier posts