Cyprus Shipping Hub Faces Uncertainty Amid Prolonged Transporter Strike

by THEFUTURE.TEAM

November 10, 2025

The prolonged strike by transporters at the Limassol port has sparked significant alarm among maritime professionals. The Nautical Agents Association has issued a stark warning, emphasizing that the disruption poses severe risks to Cyprus’s supply chain and jeopardizes its credibility as a premier shipping hub.

Operational Disruptions At Limassol Terminal

According to the Association’s latest statement, the strike has severely hampered operations across Cyprus’ ports. At the Limassol Container Terminal, an operational short-circuit has set in, leading to a complete halt in the unloading of full container loads. Storage facilities are now overwhelmed, and a number of vessels remain idle both in port and at anchor.

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Wider Repercussions For International Shipping

The crisis has already precipitated route alterations by major liner shipping companies, who are bypassing Cyprus entirely. This trend underscores the crisis’ gravity and its immediate implications for both imports and exports. The unfolding scenario serves as a clear signal to the global shipping community regarding the fragility of current operational systems at a crucial maritime nexus.

Urgency For Swift Resolution

The Nautical Agents Association warns that prolonged disruption not only undermines Cyprus’s strategic standing in the eastern Mediterranean but also imperils its overall maritime and commercial reliability. Stakeholders are calling for prompt intervention to restore smooth operations and reinforce the island’s position in global shipping networks.

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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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