News & Blog

Shipping industry news, Cyprus port updates and logistics insights.

Lidl Cyprus Expands ‘Project Zero’ to Universities, Boosting Marine Pollution Education

Lidl Cyprus Expands ‘Project Zero’ to Universities, Boosting Marine Pollution Education

Lidl Cyprus and the AKTI Research Centre broaden Project Zero to higher education, engaging students in hands‑on marine litter clean‑ups and policy‑making.

26/09/2026
Ioannis Vlahonikolaeas: From Greek Retail to Cyprus’ Cash & Carry Success

Ioannis Vlahonikolaeas: From Greek Retail to Cyprus’ Cash & Carry Success

Greek retail veteran Ioannis Vlahonikolaeas drives Best Value’s cash‑and‑carry model, reshaping Cyprus’ B2B market with fresh choices and partnerships.

26/09/2026
KEO Reports 3% Revenue Decline and Lower Profit in H1 2026

KEO Reports 3% Revenue Decline and Lower Profit in H1 2026

KEO’s first‑half 2026 turnover fell 3.1% to €32.35 m, with gross and net profits also slipping, prompting a €1.7 m dividend to shareholders.

26/09/2026

Navios Secures Four 10,100 TEU Container Ship Orders from HJ Shipbuilding in South Korea

Navios Maritime Partners signs a $500 million deal for four 10,100 TEU vessels with HJ Shipbuilding, expanding its South Korean new‑build programme.

24/09/2026
Onex DMCC Accelerates VLCC Acquisitions Amid Record‑Breaking Tanker Rates

Onex DMCC Accelerates VLCC Acquisitions Amid Record‑Breaking Tanker Rates

Dubai’s Onex DMCC has secured five VLCCs, including a $200m deal, as Middle East Gulf‑to‑China rates top $1 million per day.

24/09/2026
Seafarer Killed, Capesize Vessel Adrift After Strike in Hormuz Strait

Seafarer Killed, Capesize Vessel Adrift After Strike in Hormuz Strait

A capesize bulk carrier was hit in the Strait of Hormuz, killing an Indian seafarer and leaving the vessel adrift; the incident adds to a series of recent attacks.

24/09/2026
Baltic Dry Index Climbs to One‑Week High, Boosting Bulk Freight Outlook

Baltic Dry Index Climbs to One‑Week High, Boosting Bulk Freight Outlook

The Baltic Dry Index rose 0.8% on Monday, reaching 3,399 points – its highest level in a week, driven by gains across capesize, panamax and supramax rates.

22/09/2026

JYSK Set to Launch First Cyprus Stores in Spring 2027, Boosting Regional Logistics

Danish home‑goods retailer JYSK will open its first Cyprus outlets in April 2027, creating ~80 jobs and adding new cargo flows through Cypriot ports.

22/09/2026
Cyprus Consumer Price Surge Raises Freight and Logistics Costs – August 2026 Update

Cyprus Consumer Price Surge Raises Freight and Logistics Costs – August 2026 Update

August 2026 data shows a 3.5% annual inflation, driven by fuel and utilities, pushing shipping and logistics expenses higher across Cyprus.

22/09/2026
Potential Extension of Zero VAT on Meat and Fish Offers Relief for Cyprus Consumers

Potential Extension of Zero VAT on Meat and Fish Offers Relief for Cyprus Consumers

A possible zero‑VAT extension on meat and fish could ease price pressure for Cypriot consumers, says PASYLA secretary Marios Antoniou.

21/09/2026
Vassos Iliadis Group and ACM Christofides Join Forces to Boost Alcohol & Tobacco Logistics

Vassos Iliadis Group and ACM Christofides Join Forces to Boost Alcohol & Tobacco Logistics

Vassos Iliadis Ltd and ACM Christofides Ltd launch ACM Christofides Operations Ltd, consolidating premium spirits, wines and tobacco distribution under one logistics hub.

21/09/2026

Leroy Merlin Cyprus Store Manager Shares Vision for Customer‑Centred Retail

Andreas Dritsos explains how Leroy Merlin Cyprus blends human‑focused culture with strategic retail leadership to turn customers' home dreams into reality.

21/09/2026

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