News & Blog

Shipping industry news, Cyprus port updates and logistics insights.

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
Halloumi Export Outlook Brightens as US Market Opens, Boosting Cyprus Trade

Halloumi Export Outlook Brightens as US Market Opens, Boosting Cyprus Trade

Cyprus halloumi exports, worth €350 m annually, eye growth with new US access, though quota limits pose a challenge.

08/10/2026
EU Considers Import Ceiling on Chinese Hybrid Cars to Ease Trade Imbalance

EU Considers Import Ceiling on Chinese Hybrid Cars to Ease Trade Imbalance

The EU may set a temporary quota on Chinese hybrid car imports, aiming to curb market pressure and protect European manufacturers.

08/10/2026

Superhome Center Set to Launch First Greek Store in Early 2027

Superhome Center will open its inaugural Greek outlet in early 2027, backed by Cyprus‑based partners and new self‑checkout technology.

08/10/2026

ShipGod AI Tackles Paper‑Heavy Safety Management with Vessel‑Specific Offline AI

Veteran mariner Bing Hou launches ShipGod AI, an offline, vessel‑centric platform that digitises safety manuals and records, keeping knowledge on board.

07/10/2026

Twelve Seafarers Injured as Panama‑Flagged Tanker Hit in Hormuz Strait – Surge in Maritime Threats

A Panama‑flagged tanker was struck in the Strait of Hormuz, injuring twelve crew members, highlighting the escalating risk to commercial shipping in the region.

07/10/2026
Bunker Prices Surge 75% Since Iran Conflict, Impacting Shipowners and Scrubber Economics

Bunker Prices Surge 75% Since Iran Conflict, Impacting Shipowners and Scrubber Economics

Bunker costs have jumped about 75% since the Feb 28 US‑Iran war, tightening fuel supplies and reshaping the economics of scrubbers worldwide.

07/10/2026
Reach Subsea Extends Deep Cygnus MPSV Charter to March 2028

Reach Subsea Extends Deep Cygnus MPSV Charter to March 2028

Reach Subsea has exercised its one‑year extension, keeping the Deep Cygnus MPSV under charter until March 2028.

06/10/2026
Grace Energy Ships Suezmax Vendavel for $94.5m, Nearly Doubles Investment

Grace Energy Ships Suezmax Vendavel for $94.5m, Nearly Doubles Investment

Dubai’s Grace Energy sold the 2011-built suezmax Vendavel for $94.5 million, an 89% gain over its $50 million purchase two years earlier.

06/10/2026
U-Ming Marine Commits Up to $312 M for Six New Chinese Bulk Carriers

U-Ming Marine Commits Up to $312 M for Six New Chinese Bulk Carriers

Taiwan's U-Ming Marine Transport signs contracts for four 64,000 dwt ultramaxes and two 211,000 dwt Newcastlemaxes in China, investing up to $312 million.

06/10/2026

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