Greece returns to global shipbuilding map with new deal

Greece’s shipbuilding industry is set for a major boost after ONEX Shipyards & Technologies Group and Megatugs Salvage & Towage signed a landmark agreement for the construction of two new tugboats, with an option for two more. The vessels will be built entirely in Greece, marking a new chapter for the country’s domestic shipbuilding sector.

The agreement marks the first commercial tugboat shipbuilding project in Greece in many years and represents an important milestone in the revival of domestic shipbuilding activity.

In an atmosphere of optimism, the ceremony for the signing of the contract for the construction of tugboats was held at ONEX’s shipyard facilities in Elefsina, in the presence of the United States ambassador to Greece, Kimberly Guilfoyle, the president and chief executive officer of ONEX, Panos Xenokostas, the minister of maritime affairs and insular policy, Vasilis Kikilias, and the director of Megatugs Salvage & Towage, Paul M. Xiradakis.

The Greek minister of maritime affairs and insular policy, Vasilis Kikilias, took the floor, noting that the signing of the contract opens the way for new investments in