The Greek ship repair industry is on the mend at last

At long last the ship repair industry in Greece is on the mend (Source: OLP)

Slowly but surely, ship numbers and the volume of ship repair work at Greek yards are increasing, creating the expectation that the country can once again become the ship repair hub of the Eastern Mediterranean. The development of ship repair activity by the Piraeus Port Authority (OLP) as well as ONEX at its yard in Syros and Elefsis, and the Skaramanga yards is evident.

In Piraeus last year 270 ships of all sizes drydocked for repairs, and 170 deepsea vessels at ONEX’s yard in Elefsina and on the island of Syros. Hellenic Shipyards in Skaramanga is also expected to reach a considerable size soon, where two large tankers owned by Greek interests have recently arrived for repairs. The vessels in question are the 113,998dwt 2015-built crude oil tanker Seasprite, owned by Athens-based Chandris Hellenic and the 74,999dwt 2009-built crude oil tanker Serengeti, managed by Athens-based Dynacom Tankers Management.

Meanwhile, the volume of repair activity at other shipyards, such as yards in Salamina, has also increased. It is estimated that more than 500 large ships underwent repair in Greece last year, while ten years ago such numbers were unimaginable.

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