Cyprus Shipping Unveils Digital One-Stop Portal to Streamline Maritime Services

by THEFUTURE.TEAM

August 21, 2025

Introducing the CYSh1P Portal

The Cyprus Shipping Deputy Ministry has officially announced the launch of the Cyprus Shipping 1-Stop-Shop Portal (CYSh1P), a robust digital platform engineered to consolidate and streamline the ministry’s maritime services. This initiative represents a significant shift in how shipowners, managers, legal experts, seafarers, and classification societies access essential services, including ship registration, registry transactions, and technical oversight for Cyprus-flagged vessels.

Expanding Capabilities and Streamlined Operations

The new portal is set to encompass a broad spectrum of services, ranging from technical and environmental compliance to seafarer training, certification, and administrative processes related to the tonnage tax system and various vessel categories such as small or high-speed crafts. Business leaders and maritime professionals alike will benefit from a seamless digital transition from paperwork to streamlined online transactions.

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Phased Rollout and Transition Strategy

The ministry has outlined a phased rollout, commencing in September 2025. Initial services will focus on the application process for seafarer registration certificates and the issuance or renewal of seaman’s books and endorsements. Concurrently, procedures for obtaining training certificates, documentary evidence, and certificates of competency will migrate online, leading to the eventual retirement of the current eSAS platform.

Registration and Onboarding Guidelines

The registration process opens on August 18, 2025. Cyprus-registered companies will need to use their CY Login accounts, while foreign companies will register directly via the CYSh1P portal. A comprehensive user guide is available, providing clear, step-by-step instructions for registration, profile creation, and enrolment. The ministry has urged companies to complete these steps promptly to ensure uninterrupted access to maritime services.

Strategic Implications for the Maritime Sector

This digital transformation underscores Cyprus Shipping’s commitment to modernizing maritime operations and improving administrative efficiency. In a competitive global market, such initiatives not only enhance service delivery but also position Cyprus as a forward-thinking hub for maritime excellence.

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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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