In his remarks in Paphos after the end of the Praise Service at the Cathedral of Saint Theodoros, on the national anniversary of April 1, Mr. Demetriades said that the problems in the supply chain, which existed since the time of the pandemic, cumulatively due to the war, have worsened, prices have risen due to the increase in tanker fares, so inevitably some prices and some costs will be passed on to consumers.
Asked about the increases in various products and whether they are proportional to the increase in freight rates, the Deputy Minister of Shipping replied in the affirmative, noting that there is a big increase in tanker fares, so the transport of products in Cyprus depends purely on sea transport.
He also pointed out that it is natural that these costs will be passed on to the final product but said that the authorities are monitoring the situation on a daily basis.
He also pointed out that it is natural that these costs will be passed on to the final product but said that the authorities are monitoring the situation on a daily basis.
To another question, the Deputy Minister said that "we are waiting to see the scope and form that the sanctions set by the EU and the global community will take" because, he said, "depending on the formulation of the sanctions, the degree of impact on Cyprus will also depend."
He also said that the sanctions at the moment regarding maritime transport are manageable, stressing that our shipping industry is not affected to a great extent. He added that we have formulated a strategy in order for our shipping industry to be resistant to crises, noting that this is why we are turning to other markets to attract companies and ships to Cyprus.
He also announced that since yesterday a public consultation is underway on the maritime spatial planning of Cyprus with draft maps for the maritime territory of our country and that on April 14 an open meeting is being organised for this purpose in Paphos.
Source: CNA
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