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Daleela Ferry Resumes Cyprus-Greece Route in 2025: Navigating New Horizons

by News Editor

May 30, 2025

Setting Sail Again: The Daleela Ferry Connects Cyprus and Greece

The Daleela ferry is back on the waves, resuming its pivotal route between Cyprus and Greece this Saturday from Limassol to Piraeus. Embarking on the first of 22 planned crossings this summer, this maritime service is now entering its fourth season, an enduring link in Mediterranean travel.

A Key Initiative for Connectivity

This service reactivation comes on the heels of an announcement by Deputy Minister of Shipping, Marina Hadjimanolis, alongside Scandro Holding Ltd, continuing a government partnership until 2027. This vital route is more than just transport; it’s a lifeline for those who find flying challenging due to various reasons such as age or medical issues. According to Minister Hadjimanolis, “It’s classified as a service of general economic interest, with €5.5 million annual support.”

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Strong Demand Sets Sail

The vessel will carry 187 passengers, 66 vehicles, 36 motorcycles, and 8 pets. Demand is robust, with over 6,500 tickets already sold and full booking for August, while opportunities for travel still exist in June and July. The season finale is slated for September 2 from Piraeus.

A Steady Rise in Popularity

Operated under a €15.6 million contract awarded in 2022 to Scandro Holding Ltd—a joint venture between Limassol-based Acheon Akti Navigation and Nicosia’s Top Kinisis Travel—the ferry’s popularity is clear. Over the last three years, 22,582 passengers, 7,641 vehicles, and 772 pets have used this service. As Scandro director Charalambos Manoli notes, “The ferry shows how much people embrace this service. Our aim is to enhance both the journey and the service each year.”

Challenges and Hopes for the Future

The ferry presents a valuable alternative for travelers, ensuring ease for families, the elderly, and pet owners who may not wish to fly. Some logistical issues remain, particularly related to land transfers within ports, yet the overall reception is promising. Hadjimanolis hopes the maritime industry will continue the route post-subsidy, envisioning it as a stepping stone for additional links in the region.

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The Future Forbes Realty Global Properties

CSE Reports March Market Shares As Argus Tops With 30.83%

Overview

Cyprus Stock Exchange (CSE) reported €31.50 million in share transactions for March 2026, including €11.24 million in pre-agreed trades. Data also cover the first quarter, with total transactions reaching €86.06 million across January to March.

Detailed Market Analysis

CSE provides market share calculations both including and excluding pre-agreed transactions. March figures incorporate these trades, while separate data sets highlight activity without them. Such differentiation reflects varying trading dynamics and offers a clearer view of market structure. Bond values are excluded from percentage calculations.

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Quarterly Performance Metrics

Figures for the January–March period show how market shares shift depending on the calculation methodology. Year-to-date data provide a broader perspective on member activity across the exchange. Inclusion or exclusion of pre-agreed transactions affects comparative positioning. These metrics are used to assess overall performance trends.

Key Participant Performance

Argus Stockbrokers Ltd recorded a 30.83% market share in March, with transactions totaling €9.71 million, placing it first for the month. CISCO Ltd held a 24.54% share in March and ranked first for the quarter with 26.19%. Mega Equity Financial Services Ltd followed with 18.31% in March and 24.08% across the quarter. Additional participants included Eurobank EFG Equities with 8.04% and Atlantic Securities Ltd with 7.46%, contributing to overall market activity.

Aggregate Trading Volumes

Pre-agreed transactions accounted for €11.24 million of March’s total turnover. Overall trading value reached €86.06 million for the first quarter. These figures reflect both negotiated and regular market activity, providing a fuller picture of trading volumes.

Conclusion

CSE data outline the distribution of market shares and transaction volumes across members. Distinctions between pre-agreed and regular trades highlight differences in activity patterns. Reported figures provide a basis for evaluating market structure and participant performance.