News & Blog

Shipping industry news, Cyprus port updates and logistics insights.

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
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

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