News & Blog

Shipping industry news, Cyprus port updates and logistics insights.

Woodside sells full 33.44% Greater Sunrise stake to Timor‑Gap for up to $200 million

Woodside sells full 33.44% Greater Sunrise stake to Timor‑Gap for up to $200 million

Woodside will divest its 33.44% share in the Greater Sunrise gas project to Timor‑Gap for up to $200 million, paving the way for full Timorese ownership.

29/10/2026

DIMCO Marks 60 Years of Lighting and Electrical Solutions in Cyprus

DIMCO celebrated six decades of lighting and electrical supply in Cyprus, highlighting its commitment to quality, innovation and service to the maritime and construction sectors.

29/10/2026
Cyprus‑China Trade Surpasses $1.44 bn in 2025, Halloumi, Zivania & Juices Gain Footprint

Cyprus‑China Trade Surpasses $1.44 bn in 2025, Halloumi, Zivania & Juices Gain Footprint

Bilateral trade between Cyprus and China hit $1.44 bn in 2025, up 26% year‑on‑year, with halloumi, zivania and fruit juices entering the Chinese market.

29/10/2026

Coca‑Cola Boosts 2026 Forecast on Surge in Sugar‑Free Drinks

Coca‑Cola lifts its 2026 sales outlook as demand for low‑calorie beverages drives higher volume shipments.

28/10/2026
ABOUT YOU Marketplace Launches in Cyprus, Offering 1,000 Sellers Access to 160,000 Products

ABOUT YOU Marketplace Launches in Cyprus, Offering 1,000 Sellers Access to 160,000 Products

ABOUT YOU opens its Marketplace to Cyprus, enabling over 1,000 fashion sellers to reach 15 million European shoppers with 160,000 new items.

28/10/2026

Palaichori Poultry Scales Up Fresh Chicken Supply Amid Rising Logistics Challenges

Cyprus' Palaichori Poultry expands production and value‑added lines, tackling labor, feed costs and transport hurdles to meet steady demand for fresh local chicken.

28/10/2026
Kalochoorita Chickens: Tradition Meets Innovation in a Three‑Generation Business

Kalochoorita Chickens: Tradition Meets Innovation in a Three‑Generation Business

Since 1980, Kalochoorita Chickens has blended family heritage with cutting‑edge technology to meet rising costs and fast‑food demand across Cyprus.

27/10/2026

From Invasion Losses to €60 Million Turnover: The Rise of A. Mintikkis Farm

Founded after the 1974 Turkish invasion, A. Mintikkis Farm has grown into a €60 million poultry enterprise, leveraging technology and sustainability to meet market demand.

27/10/2026

Chanel Heir Gerard Wertheimer Launches Swiss Family Office to Secure $86 bn Succession

Gerard Wertheimer establishes a Geneva‑based family office, diversifying the Chanel dynasty’s $86 bn assets and strengthening its European foothold.

27/10/2026

OEG Marine commissions three crew transfer vessels from Diverse Marine for UK wind

OEG Marine Services has placed an order for three 26‑metre crew transfer vessels with Isle of Wight shipyard Diverse Marine, slated for delivery in 2027 to support UK wind projects.

26/10/2026

Borr Drilling’s Prospector 5 Jackup Sinks Off Gabon, Five Crew Missing

The Prospector 5 jackup sank off Gabon’s coast during a preload operation, leaving five crew members missing and halting BW Energy’s MaBoMo production.

26/10/2026

RINA Appoints Veteran Paolo Moretti as Group CEO to Drive Global Expansion

Italian classification leader RINA names long‑time marine expert Paolo Moretti as group chief executive, signaling a push for further international growth.

26/10/2026

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