The threats fired against Cyprus this week by Hezbollah leader Hassan Nasrallah, as far-fetched as they may seem, should not be taken lightly. The Shia cleric and leader of the militant group commands considerable influence in almost everything that happens in Lebanon, from politics to the economy and national defence. Apart from securing vast amounts … Read more
Secretary of State Anthony Blinken said the U.S.-Cyprus partnership is growing stronger, deeper and broader, and that Cyprus is “an important player in the region and a partnership for the United States that we deeply value.” A bilateral agreement was also signed bringing Cyprus closer to being included in the visa waiver programme for entry … Read more
West Texas Intermediate remains steady with thin trading, possibly due to anticipation of upcoming producer price figures from the US. The WTI crude oil hovers around $78.00 per barrel in European trading on Thursday. Oil traders have absorbed the hawkish stance maintained by the US Federal Reserve, with the Federal Open Market Committee (FOMC) keeping … Read more
Fact: Cyprus is set to make a significant showing at the international shipping conference Posidonia 2024 in Athens, with around seventy companies participating.
Fourteen migrants are stranded in the buffer zone near the University of Cyprus campus in Aglantzia, unable to enter government-controlled areas due to the temporary suspension of asylum applications by the Republic of Cyprus. The group includes women and children from Afghanistan, Sudan, Cameroon, and Iran, with assistance being provided by the UNFICYP and UNHCR. Patrols have been increased along the buffer zone to deter migrant arrivals, resulting in a 95% decrease in arrivals by boat from Syria. Pushbacks in Lebanese waters have contributed to this decrease, but the Mediterranean crossing remains the deadliest route for migrants. The U.N. human rights office has reported gross human rights violations faced by Syrian refugees returning to Syria, including torture, abduction, sexual harassment, and violence. Pushbacks are measures used by states to force refugees and migrants out of their territory, circumventing international protection safeguards.
The Daleela passenger and car ferry has resumed its sailings from Limassol to Piraeus for the third season, with increased ticket sales compared to last year. The ferry will operate exclusively from Limassol, with departures on Wednesdays and Sundays from Limassol and Tuesdays and Fridays from Piraeus. Ticket prices have slightly increased from last year, with the ferry receiving a €5.5 million annual subsidy. The ferry link between Cyprus and Greece was reinstated in 2022 after 20 years, supported by a state subsidy approved by the European Commission.
Workers at Kition Ocean Holdings, operator of the Larnaca marina and port concession, will be rehired by the state, securing 70 jobs just before the next mayoral and European elections.
Island Oil and Frederick University signed a Memorandum of Understanding to collaborate in the field of Maritime and Blue Economy. Island Oil offers scholarships covering 50% of tuition fees for students pursuing a BSc in Maritime Studies at Frederick University, as well as financial support for educational field trips. Island Oil and Frederick University will also hold educational workshops and collaborate in research. Island Oil’s CFO stated that the scholarship reflects their commitment to sustainability and social responsibility, while Frederick University aims to educate future leaders in the maritime sector and contribute to sustainability efforts.
The Cyprus-Greece ferry service resumed on Wednesday with the Cypriot-flagged Daleela departing from Limassol port. The service will have a total of 22 itineraries throughout the summer, with the last one departing on September 1. As of last week, the service received 8,500 bookings, including 6,600 passengers, 1,750 cars, and 150 pets.
Tototheo Maritime has rebranded to Tototheo Global, showcasing their evolution into a global leader in technology solutions. They will deliver services across multiple sectors with a focus on connectivity, IoT, AI-driven analytics, and custom software development. The company aims to enhance global connectivity and drive innovation across various industries.