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Greece to sell country's largest shipyard

Greece to sell country's largest shipyard

On Friday, Greece launched a tender to sell Hellenic Shipyards SA, the largest shipyard in the country that was under special administration, the Ministry of Finance announced.

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In the midst of rising tensions between Greece and Turkey over offshore gas supplies in the eastern Mediterranean, the Conservative government has promised to overhaul the loss-making Greek defense industry while improving the country's defense capabilities.

It has said its plans include the overhaul of the Hellenic Shipyards military division, which is based in Skaramangas, near Athens.

Greece has said U.S. International Development Finance Corporation and a Greek company have jointly expressed interest in the shipyards in Skaramangas.

Maritime Business World 

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