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Limassol port operator will be selected by March 2016

6.11.2015
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THE PRIVATE investors who will take over the commercial operations at the port of Limassol will be selected by March next year, reports said on Thursday.

The privatisation of the port was discussed during a meeting of troika technocrats and Port Authority officials. Farming out the port’s commercial operations to private operators is a condition of the island’s bailout agreement.

According to the state broadcaster CyBC, a firm timetable for the port’s privatisation has been set.

By December 31, the tender documents must be finalised. The bidders will then submit their final proposals by January 19, and […]

Superyacht sinks off Mykonos

21.08.2015
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Images have emerged of a superyacht sinking off the coast of Mykonos, Greece. While the size is yet to be confirmed, reports suggest she is approximately 30m, with speculation that she is Navetta’s 33m Custom Line Aloha.

Information suggests the sinking began at around 5am on 20 August, after running aground on a reef. The incident reportedly occurred when the yacht collided with a reef between the popular Greek seaside destinations Platis Gialos and Psarrou and that she was almost entirely submerged by sunrise.

The Mykonos Port Authority refuses to comment or release any confirmed information, Port officials arrived […]

Suez Canal Opens After $8 Billion Expansion

7.08.2015
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In a blaze of hyper-nationalist fanfare, Egypt’s government has inaugurated an $8bn (£5.2bn) expansion of the Suez canal with an elaborate ceremony hailing the project as a national achievement.

The Egyptian president, Abdel Fatah al-Sisi, wearing his military uniform and trademark dark sunglasses in the sweltering heat, flew to the site on Thursday on board a military helicopter and immediately embarked on to a monarchy-era yacht that sailed to the venue.

The yacht was flanked by navy warships as helicopters, jet fighters and military transport aircraft flew overhead. A visibly triumphant Sisi stood on the […]

6 week checklist before moving to your new apartment

4.08.2015
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