News & Blog

Shipping industry news, Cyprus port updates and logistics insights.

Soaring Tanker Freight Burdens Oil Majors with Billions in Shipping Liabilities

Soaring Tanker Freight Burdens Oil Majors with Billions in Shipping Liabilities

Record tanker rates have added $5.4bn to Shell’s lease liabilities and pressured margins across major oil producers.

02/11/2026
Global Dockworkers Strike 113 Ports, Disrupting Up to 40% of Mediterranean Cargo

Global Dockworkers Strike 113 Ports, Disrupting Up to 40% of Mediterranean Cargo

More than 25 unions staged 24‑hour walkouts at 113 ports in 22 nations, risking delays for up to 40 000 containers and 40% of Mediterranean traffic.

02/11/2026
Apple’s Q4 Revenue Outlook Raises Stakes for Global Container Shipping

Apple’s Q4 Revenue Outlook Raises Stakes for Global Container Shipping

Apple targets $113 bn Q4 revenue, a potential catalyst for container demand and freight rates across trans‑Pacific routes.

02/11/2026
ipH Iakovos Photiades Appoints Vasilis Masouras as Group CFO

ipH Iakovos Photiades Appoints Vasilis Masouras as Group CFO

ipH Iakovos Photiades Group names Vasilis Masouras, a Cambridge‑educated FCA, as Group CFO effective Oct 12, 2026, to steer financial strategy and growth.

01/11/2026
Nikiforou Eggs: Scaling to 120,000 Daily Units with Cutting‑Edge Automation

Nikiforou Eggs: Scaling to 120,000 Daily Units with Cutting‑Edge Automation

From a modest 800‑egg day to over 120,000, Nikiforou Eggs leverages modern tech and logistics to dominate Cyprus' egg market.

01/11/2026

Paradeisiotis Produces Over 3 Million Chickens Annually, Supplies 1,000+ Outlets

Cyprus’ Paradeisiotis farms, processes and distributes more than 3 million chickens a year, reaching over 1,000 retail and HoReCa points.

01/11/2026
Global Ship Recycling Market Holds Steady Amid Limited Tonnage Supply

Global Ship Recycling Market Holds Steady Amid Limited Tonnage Supply

The ship‑recycling market stays stable this week, with tight vessel availability in India, Bangladesh, Pakistan and Turkey, while steel demand underpins buying interest.

31/10/2026

Adani Ports submits $3.3bn offer for Evos Terminals as shares dip 1%

Adani Ports has lodged a binding $3.3 billion bid for European liquid‑storage operator Evos Terminals, sending its shares down about 1%.

31/10/2026
From Farm to Table: How Zorbas Ovens Became Cyprus’ Nationwide Bread Distributor

From Farm to Table: How Zorbas Ovens Became Cyprus’ Nationwide Bread Distributor

A family‑run bakery evolved from a modest workshop to a logistics powerhouse serving every Cypriot household.

31/10/2026
Three Generations, 50 Years, Millions of Eggs: The Story of Tzionis Farm

Three Generations, 50 Years, Millions of Eggs: The Story of Tzionis Farm

Since 1976, Tzionis Farm has grown from a family venture to Cyprus’s leading egg producer, now navigating modern challenges with technology and state support.

30/10/2026
SuperHome Center Rolls Out Self‑Checkout to Accelerate Retail Purchases

SuperHome Center Rolls Out Self‑Checkout to Accelerate Retail Purchases

SuperHome Center launches self‑checkout kiosks in three Cypriot stores, offering faster, contact‑free buying while keeping staffed cashiers for personalized service.

30/10/2026
CTC Group Announces New Board President and Six Senior Management Changes

CTC Group Announces New Board President and Six Senior Management Changes

CTC Group names Christakis Charalambous as non‑executive Board President and reshuffles six senior roles effective early 2027.

30/10/2026

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