Kition Ocean Holdings criticized the Cypriot government’s handling of the transition at Larnaca Port and Marina, citing the lack of planning and a smooth handover process. The government issued a termination notice of the concession agreement, ordering the company to vacate immediately. This decision led to disruptions in operations, affecting staff and asset transfers.
Despite the concession agreement’s provision for a notice period, the government’s actions did not align with a smooth transition. Kition Ocean Holdings accused the government of inadequacy in managing the situation and not implementing a proper plan for the handover. This conflict has raised concerns about the future operations and management of Larnaca Port and Marina.