Cyprus Ports Authority Initiates OPS System Study for Limassol Port

Strategic Move for Maritime Decarbonisation

The Cyprus Ports Authority (CPA) has embarked on a pivotal step towards environmental sustainability by commissioning a detailed study in collaboration with DBA S.p.A. The firm is tasked with analysing the development of an onshore power supply (OPS) system at Limassol Port—a critical component in Cyprus’ strategy to reduce maritime emissions.

Comprehensive Evaluation for Future Readiness

The study will meticulously assess the technical, economic, and environmental dimensions of the planned OPS installation. This analysis includes the evaluation of necessary upgrades to the existing port infrastructure. The goal is to establish a robust framework that will enable vessels to connect to the local power grid, thereby powering down engines during docking and minimizing idling emissions.

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Alignment With EU Climate Mandates

This initiative is intrinsically linked to the European Union’s climate agenda, including the objectives laid out in the Green Deal and the broader drive to decarbonise maritime transport. Recognised as a project of strategic importance for Cyprus, the OPS system is expected to play a crucial role in reducing the carbon footprint of port operations while bolstering the island’s commitment to sustainable practices.

Collaborative Effort Under the DecarbonLIM Project

The OPS study forms part of the extensive DecarbonLIM project—’Decarbonising Limassol Port Through OPS and Renewable Energy Solutions’—which receives co-funding from the European Union. The project reflects a collaborative effort involving CPA, Frederick University, the Electricity Authority of Cyprus (EAC), the Transmission System Operator (TSOC), the Municipality of Limassol, and key operational partners such as DP World Limassol Ltd and Eurogate Container Terminal Limassol Ltd. Together, these stakeholders are set to drive a significant transformation, positioning Limassol Port at the forefront of eco-friendly maritime operations.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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