Elefsis Shipyards

Investments in the shipbuilding industry will be considered of strategic importance, Development Minister Takis Theodorikakos said on Wednesday during his visit to Elefsis Shipyards, close to Piraeus. He added that the shipbuilding industry will offer more opportunities for safe employment for young people who want to work and produce in this area.

Greece's revitalized shipbuilding industry will be prominently represented during Posidonia 2024, signaling a strong recovery following decades of decline and disrepair.

An agreement between ONEX Shipyards & Technologies Group and Algerie Ferries was signed in the presence of Development Minister Kostas Skrekas and Algerian Ambassador to Greece Mahieddine Djeffal. The agreement concerns maintenance work on one ship and the complete renovation of another at the Elefsis Shipyards.

ANEK ferry company and Elefsis Shipyards are in discussions for the execution of a 1-billion-euro shipbuilding budget program for the modernization of the Attica Group fleet.

On Monday Scott Nathan, the CEO of the US International Development Finance Corporation, or the DFC,  signed a financing agreement for a $125 million loan to ONEX Elefsis Shipyards and Industries to rehabilitate and modernize the Elefsina shipyard near Athens.

Labor Minister Adonis Georgiadis announced on Saturday that ONEX Shipyards and the US International Development Finance Corporation (DFCgov) will formally sign their agreement for the funding of the streamlining plan of Elefsis Shipyards with over $100 million on Monday, in Elefsina.

"The renaissance of the shipbuilding industry in Greece is now a reality," he said. 

The US Congress has approved financing through borrowing for ONEX Shipyards to carry out the consolidation plan for Elefsis Shipyards.

The US International Development Finance Corporation (DFC), America's development bank, will provide the amount of $125 million.

This financing will be the first so far from DFC for Greece.

The US International Development Finance Corporation's (DFC) participation in Elefsis Shipyards is currently at $125 million, Development and Investment Minister Adonis Georgiadis said this week.

The relaunching of works and the productive output of the Elefsis Shipyards, in Attica, "means rather a lot, because after so many years we can again secure our work, our salary and the money we thought was lost," accident prevention worker Dimitris Charitos told the Athens-Macedonian News Agency on Saturday.

The Greek shipbuilding industry appears ready to write a new chapter in its history after the completion of the consolidation of its three major shipbuilding units (Elefsis, Skaramangas and Syros) and the increase in activity at other units, such as those that are based in Salamina, Perama and Halkida.