President Donald Trump described US-Greece relations as stronger than ever, praising Athens’ progress toward 5% defense spending in NATO, expanding energy cooperation, and growing strategic and economic ties.
Tag: shipbuilding industry
Greece and Saudi Arabia are deepening their strategic partnership, focusing on expanding investment and trade…
Last month, activity surged at the Skaramangas Shipyard near Athens as workers diligently repaired a large tanker, marking a dramatic turnaround from its desolate state a year ago. This revival, under new ownership by shipping tycoon George Prokopiou, mirrors Greece’s broader rebound from the 2009-2018 debt crisis. With increased ship repairs and ambitious expansion plans, Greece is reasserting itself as a key player in the Mediterranean maritime industry. The transformation has also revitalized local communities, significantly reducing unemployment rates and boosting the regional economy.
In a strategic move marking the end of a decade-long hiatus, Greece’s Sun Enterprises has placed a $180 million order for two suezmax tankers. This order, their first for such vessels since 2015, involves an agreement with South Korea’s DH Shipbuilding to deliver the ships by early 2027, reflecting significant investment in fleet expansion and industry-leading innovations.
