Terminal operator DP World has come in for immediate flak on taking over the Cypriot port of Limassol this weekend. The privatisation process has been controversial and drawn plenty of criticism in the past year by dockworkers and local owners.
DP World finally took control of the port on Saturday. The Cyprus Shipping Association wasted little time in raising concerns about the new port tenant. The association is worried prices are likely to rise while much of the equipment at the port remains antiquated. A spokesperson for the association told local media that fees for certain ship types could rise by up to 150%.
DP World Limassol has stressed it is determined to have a smooth launch of operations and will listen to customer concerns.