Cyprus Business Now: shipping, property, tourism, banks, energy

Deputy Shipping Minister Marina Hadjimanolis said on Thursday that 11 Cyprus-flagged ships in the Gulf are safe, as the government monitors the regional crisis and its potential impact on shipping, trade, energy and tourism.

Speaking at a press conference for the Deputy Ministry of Shipping’s 2025 annual report in Limassol, Hadjimanolis said the closure of the straits had become a matter of major concern for global shipping, particularly because of the risks facing seafarers stranded in the area.