Greece has placed Skaramagas Shipyards under its Strategic Investments fast-track framework and announced a €100 million upgrade program for the facility, which is currently conducting structural work on a Hellenic Navy submarine and servicing LNG carriers — signaling the yard's growing role in both commercial and military maritime infrastructure.
Development Minister Takis Theodorikakos toured the complex alongside Skaramagas Chairman George Prokopiou and Chief Executive Miltiadis Varvitsiotis.
Mr. Theodorikakos said €20 million has already been deployed to restore dry docks, heavy equipment and operational capacity since Mr. Prokopiou acquired the yard to reverse years of industrial decline.
The site currently employs 200 permanent engineers, scaling to 700 during peak overhauls, and has repaired 118 vessels since resuming commercial dry-docking.
Its target is capacity for up to 60 commercial and military vessels annually. Technical teams are presently carrying out specialized structural work on the Hellenic Navy's Type 214 submarine Papanikolis.
"These shipyards are growing rapidly once again," Mr. Theodorikakos said. "Greece is a premier global maritime power, and it is a matter of national strength that we maintain an equally robust domestic shipbuilding and repair foundation."
The Skaramagas upgrade is part of a broader Greek push to expand domestic naval and industrial capacity at a moment of heightened regional security pressure — coming days after the Salamis Shipyards made history contributing hull blocks to a French Navy frigate and as Athens monitors escalating maritime tensions with Turkey.