News & Blog

Shipping industry news, Cyprus port updates and logistics insights.

Equinor Extends Odfjell Drilling’s Deepsea Atlantic Contract to Late 2027

Equinor Extends Odfjell Drilling’s Deepsea Atlantic Contract to Late 2027

Equinor has exercised options for two more wells, keeping Odfjell Drilling’s Deepsea Atlantic semisubmersible engaged through Q4 2027, with further extensions possible.

17/10/2026
HMM Approves $1.62bn for 12 New Containerships, Boosting Fleet to 166 Vessels by 2030

HMM Approves $1.62bn for 12 New Containerships, Boosting Fleet to 166 Vessels by 2030

South Korea's HMM greenlights a $1.62bn spend on 12 vessels, adding 114,100 TEU and targeting a 166‑ship, 1.47m TEU fleet by 2030.

17/10/2026
West Africa's Mineral Boom Set to Drive Massive Capesize Demand by 2030

West Africa's Mineral Boom Set to Drive Massive Capesize Demand by 2030

West Africa's iron ore surge could need 330 capesizes by 2030, reshaping long‑haul dry bulk markets.

17/10/2026
Global Shipping Faces New Threats from Missile Risks and Market Shifts

Global Shipping Faces New Threats from Missile Risks and Market Shifts

Missile threats in Hormuz and the Black Sea, potential US sanction relief for shadow tankers, and major M&A moves reshape freight rates and fleet strategies.

16/10/2026
European Automakers Face Heightened Pressure as Chinese Competition Accelerates

European Automakers Face Heightened Pressure as Chinese Competition Accelerates

European car makers grapple with Chinese rivals, prompting calls for flexible regulations and incentives to protect local production and supply chains.

16/10/2026
Cyprus Extends Zero VAT on Essentials, Prices Drop 5% in Early Survey

Cyprus Extends Zero VAT on Essentials, Prices Drop 5% in Early Survey

A consumer protection survey shows a 5% price cut on key staples after Cyprus widened its zero‑VAT scheme to bread, milk, coffee, sugar and baby food.

16/10/2026
Zhonggu Shipping Expands Fleet with Two 14,000‑TEU Containerships from Hudong‑Zhonghua

Zhonggu Shipping Expands Fleet with Two 14,000‑TEU Containerships from Hudong‑Zhonghua

Zhonggu Shipping Group orders two 14,000‑TEU vessels from Hudong‑Zhonghua, marking a shift to ultra‑large boxships amid a broader new‑building programme.

15/10/2026
Mall Gift Card: The Ideal Corporate Gift for the Holiday Season

Mall Gift Card: The Ideal Corporate Gift for the Holiday Season

The Mall Gift Card, accepted at over 70 stores in Mall of Cyprus and Mall of Engomi, offers a flexible, convenient corporate gifting solution this holiday season.

15/10/2026
Consumer Product Price Gaps on Cyprus’ e‑Kalathi Platform Prompt Review, Highlights Logistics Challenges

Consumer Product Price Gaps on Cyprus’ e‑Kalathi Platform Prompt Review, Highlights Logistics Challenges

Cyprus’ Consumer Association urges a review of 1,000 new items on e‑Kalathi, citing 26% lower prices in traditional markets and wide price variances across hyper‑markets.

15/10/2026
Cyprus Showcases Halloumi, Wine & Komondaria at Kavala Expo 2026

Cyprus Showcases Halloumi, Wine & Komondaria at Kavala Expo 2026

Cyprus highlighted its flagship Halloumi PDO, wines and Komondaria at Kavala Expo 2026, strengthening trade ties with Northern Greece.

14/10/2026
Cyprus Agriculture Ministry Prioritises Halloumi Exports and PDO Protection

Cyprus Agriculture Ministry Prioritises Halloumi Exports and PDO Protection

The Ministry stresses uninterrupted €350 m annual halloumi exports and strict PDO safeguards as top priorities, unveiling new support measures for producers.

14/10/2026
Pipis Farm Plans 190,000‑Seat Intensive Poultry Complex in Ergates, Nicosia

Pipis Farm Plans 190,000‑Seat Intensive Poultry Complex in Ergates, Nicosia

Pipis Farm has secured a building permit for a 190,000‑seat intensive poultry unit in Ergates, Nicosia, after a positive environmental assessment.

14/10/2026

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