Cyprus-Greece Ferry Secured Through 2027 As Government Weighs Future Subsidy

by News Editor

August 10, 2026

Cyprus’ passenger ferry service to Greece will continue through 2027, but the government will decide next year whether state support should continue from 2028, according to Deputy Shipping Ministry Director Kyriakos Aliouris.

The current contract, which began in 2022 and was initially agreed for three years with an option for another three, has been extended through 2027. Aliouris said the operator remains obliged to provide the service under the existing terms.

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“There is no issue at the moment,” he said, stressing that the sea connection between Cyprus and Greece will operate normally next year.

Demand Remains A Challenge

The route’s longer-term future remains uncertain. Scandro Holding Ltd Chief Executive Charalambos Manoli has warned that 2027 could be its final year without continued state support if passenger demand does not increase enough to make the service financially sustainable.

Operating from late May to early September, the ferry carries around 100 passengers per sailing in June and 200-250 in July, while most sailings are full only in August.

“You can’t run a sustainable line for three months,” Manoli said, pointing to the need for the vessel to generate revenue beyond the peak season.

Government To Review The Route

Aliouris said the subsidy was initially introduced because there was no reliable data on demand. After five years of operation, the ministry now has enough information to assess the route’s performance.

Passenger traffic has increased year on year, while the service also caters to people unable or unwilling to fly, as well as travellers taking vehicles or pets to Greece.

Bookings in 2026 reached around 8,900 passengers, 2,700 vehicles and 371 pets, compared with 8,238 passengers, 2,660 vehicles and 379 pets in 2025.

Fuel costs and future EU carbon charges will also factor into any decision on further support. Aliouris said any new subsidy would need to reflect market and regional conditions at the time. The final sailing of the 2026 season is scheduled for September 1 from Piraeus.

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Dell’s Earnings Beat Puts The AI Trade To The Test

by THEFUTURE.TEAM

September 2, 2026

Dell Technologies has become a key stock to watch after its latest earnings report strengthened the case for continued AI infrastructure spending but failed to trigger a sustained rally.

Shares jumped more than 13% after Tuesday’s opening bell before giving back much of the gain. By late morning Wednesday, the stock was up about 5%, raising questions about whether strong AI-related earnings are still enough to drive higher valuations.

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Strong Results Meet A More Skeptical Market

The reaction echoes last week’s trading in Nvidia. Its shares climbed nearly 9% after strong quarterly results and a stronger long-term outlook, only to surrender much of the advance in subsequent sessions.

That pattern has encouraged some investors to reduce exposure to AI stocks. Strong results remain evident, but markets appear less willing to reward them with sustained valuation expansion.

Dell Raises 2027 Earnings Outlook

Three months ago, Dell shares surged almost 33% after the company raised its fiscal 2027 adjusted earnings-per-share guidance by 39%. Analysts followed by lifting their own estimates, while the stock retained most of its gains.

This time, Dell raised fiscal 2027 earnings guidance to $25.50 from $17.90, an increase of about 42.5%. Street consensus rose nearly 29% overnight, yet the stock was up only about 5% in Wednesday trading.

The weaker share-price reaction suggests investors are applying a more cautious valuation to Dell than they did in May.

AI Exposure Faces Greater Caution

We have been raising cash for the Club as the AI trade has become more volatile and less predictable. Tuesday’s decision to exit Corning increased our cash position to about 15%.

If capital is redeployed, it would likely favor more defensive areas outside AI. That reflects greater caution over valuations and positioning rather than a rejection of the AI investment theme.

Dell’s Trading Could Set The Tone

A further rise in Dell shares would suggest investors remain willing to increase AI exposure, while a flat performance would point to greater valuation discipline. A decline could indicate that much of the earnings upside is already priced in.

Dell’s report, along with Broadcom’s results due Wednesday evening, could still improve sentiment across the group. If investors continue to discount strong AI earnings, however, the case for a more defensive approach will strengthen.

For now, Dell offers a real-time test of whether strong AI-related earnings can continue to drive valuations higher as investor caution increases.

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