Amalthea aid initiative to determine timing of state recovery of Larnaca port
The Cyprus Port Authority has regained control of Larnaca Port after terminating the concession agreement with Kition Ocean Holdings. The transition is going smoothly, with collaboration between CPA and Kition to ensure uninterrupted service provision. Pending issues include the handling of the ‘Amalthea’ aid initiative, with an American ship being loaded and set to depart soon. CPA has started procuring services from private companies and reinforcing existing staff with personnel from other locations. The government’s decision to terminate the concession was due to delays and disagreements, bringing Larnaca Port back under state control.