Tag: shipbuilding

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Greek Shipowners Maintain Grip on Global Tanker Market

Greek shipowners continue to dominate the global tanker market, holding a commanding 16.9% share of new vessel orders. Recent activity includes significant newbuild deliveries and acquisitions by prominent Greek shipping companies like TMS Group, Laskaridis Shipping, and Dynacom Tankers, demonstrating their continued investment and strategic positioning within the evolving maritime landscape.

The discussion touched on the IMEC, which was agreed upon during the G20 summit last year. Image: Pixabay | Representational

India and Greece Discuss Operationalization of IMEC Corridor and Shipbuilding Collaboration

India and Greece held talks on the operationalization of the India-Middle East-Europe Economic Corridor (IMEC), a project aimed at enhancing trade between the three regions. During the meeting, both nations emphasized the importance of collaboration in shipping and maritime affairs. Union Minister Sarbananda Sonowal invited Greek companies to invest in India's shipbuilding sector, while Greek Minister Christos Stylianides highlighted the shared goals of both countries amidst global geopolitical challenges.

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The Greek Shipbuilding Industry on a Positive Trajectory

The Greek shipbuilding industry is experiencing a resurgence, with shipyards across the country seeing increased activity and investment. The Skaramangas shipyards, acquired by shipowner Giorgos Prokopiou in 2024, have completed work on 17 vessels, while ONEX Shipyards & Technologies reports both its Neorio and Elefsina facilities are ready to undertake new shipbuilding projects. This renewed focus on shipbuilding is expected to boost the Greek economy and create new employment opportunities.

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Greece Announces Intent to Purchase Fourth Belharra Frigate from France

Greece has announced its intent to purchase a fourth Belharra-type frigate from France's Naval Group, further strengthening the defense partnership between the two countries. The announcement was made by Greek Defense Minister Nikos Dendias during the launch ceremony of the second frigate in the class, "Nearchos". This acquisition highlights Greece's commitment to modernizing its navy and bolstering security in the region.