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1. Baltimore turns to container owners for ship salvage funds

The owner and manager of the massive container ship that took down the Francis Scott Key Bridge last month should be held fully liable for the deadly collapse, according to court papers filed Monday on behalf of Baltimore’s mayor and city council....

2. How Russia defies sanctions with its secret gas fleet

Moscow's response to Western sanctions on the Russian gas industry has revealed a strategic shift in its approach, with the creation of a 'shadow fleet' of liquefied natural gas (LNG) carriers. ...

3. Consumer alerts raised over potential fuel price hikes

Konstantinos Karagiorgis, Director of the Consumer Protection Service, emphasized the importance of factual justification for price increases during an interview with CNA....

4. Japanese shipping giants halt Red Sea routes amid rising security concerns

In a significant development, Japan's three major shipping companies, Nippon Yusen, Kawasaki Kisen Kaisha, and Mitsui O.S.K Lines, have suspended navigation through the Red Sea due to ongoing Houthi rebel attacks on vessels....

5. How the consumer pocket faces a perfect economic storm

The uncertainty and the intense upheavals in the global supply chain continue....

6. Houthi strikes send prices soaring in global trade

In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....

7. Record 34.6% surge in vehicle registrations unveiled

In a gear-shifting revelation, Cyprus witnessed a remarkable 34.6% surge in vehicle registrations, hitting 45,494 in the period from January to December 2023, as reported by the Cyprus Statistical Service in their latest report titled ''Vehicle Registrations.'' ...

8. Russia opposes Georgia's port plan

In a bid to revolutionize freight travel, Georgia's Anaklia project aims to cut travel times and boost trade volumes significantly by 2030....

9. Inflation drops, but food prices soar

According to Marios Droussiotis, the president of the Cyprus Consumers Association, inflation is decreasing, but food prices remain excessively high. In an interview with K, he explained that although the overall inflation rate in Cyprus is 1.9%, the prices of food items have increased by 9.8%....

10. Deadly Mediterranean shipwreck exposes desperate migrant journeys

Wednesday’s deadly shipwreck off southern Greece, involving a large boat carrying migrants that capsized after apparently rebuffing offers of help, is just the latest case of smugglers packing vessels full of desperate people willing to risk their lives to reach continental Europe....

11. Road transport of goods in Cyprus up by 39% in 2022

The total weight of goods transported by road in Cyprus in 2022 rose by 39.3% compared with 2021, a year that included periodic restrictions due to the Covid-19 pandemic....

12. Majority of goods transported by sea in Cyprus and the EU in 2021

In 2021, maritime transport accounted for more than two-thirds (68%, 5 135 billion tonne-km; tkm) of the EU’s freight transport, the lowest share recorded in the past decade according to data released by Eurostat, the statistical service of the EU....

13. 42,000 euros for every victim who died in the Tempe rail tragedy

Hellenic Train, whose train crashed in a head-on collision with a freighter on Feb. 28, killing 57 people on board, announced on Wednesday it will make advance payments to the families of the victims and to the passengers injured in the crash in Tempe, to cover their immediate financial needs....

14. Larissa station master jailed pending trial

The station master at Greece's Larissa railway station was detained pending trial on Sunday, his lawyer said, on charges related to the country's deadliest train crash on record...

15. Death of Cypriot student confirmed in train crash

The death of a Cypriot college student has been confirmed after he went missing in a horrific train accident in Greece, while the fate of a young woman also from the island still remained unknown...

16. Tragedy in Tempe: What we know so far about Anastasia and Kyprianos

17. Dispatch audio reveals human error in train disaster

A train station master in Greece has been arrested on manslaughter charges following a deadly rail collision, while video of the fireball and dispatcher audio dialogues moments before the crash have been made public...

18. Many dead after trains collide in Greece

A passenger train in Greece carrying hundreds of people collided with an oncoming freight train in a fiery wreck in the country’s north early Wednesday, killing 32 and injuring at least 85...

19. Looking ahead to 2023: House prices in Cyprus

The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....

20. Cargo imports into Dubai airport to be restricted from Tuesday

Dubai will restrict imports of cargo into its international airport for six days from Tuesday to clear a backlog caused by “extraordinarily high” volumes of inbound shipments....

21. Higher costs on goods are here to stay

Market analysts do not see an improvement in the cost of goods in the next period and until the first half of 2022....

22. Erdogan says Greeks behind raid on ship

Turkey’s President Recep Tayyip Erdogan Wednesday suggested Greece and Cyprus were behind the interception of a Turkish vessel by German soldiers on behalf of a European Union mission off the Libyan coast late Sunday...

23. Brexit no-deal preparedness: Final Commission call to all EU citizens and businesses

With 8 weeks to go until the United Kingdom's withdrawal from the European Union on 31 October 2019, the Commission has today – in its 6th Brexit preparedness Communication – reiterated its call on all stakeholders in the EU27 to prepare for a ‘no-deal' scenario. In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scenario on 1 November 2019, remains a possible, although undesirable, outcome...

24. Cypriot cargo ship gets some of the blame

The collision of two commercial vessels, a Cypriot cargo ship and a Tunisian freighter, was caused by a series of human errors, with investigators pointing fingers to both sides...

25. Six killed in train accident in Denmark

26. UK shipping firm P&O re-flagging two vessels to Cyprus ahead of Brexit

27. G.A.P. Vassilopoulos Group strikes a deal with UPS

G.A.P. VASSILOPOULOS Group has entered into an agreement to be the authorized service contractor for UPS in Cyprus as of July 1st 2018...