Salamis Shipyards

What Salamis Shipyards does

Salamis Shipyards is a privately held Greek shipbuilder founded in 1974 and headquartered on Salamis Island near the Hellenic Navy's largest naval base. The company operates 40,000 sqm of land with 800m of pier, 12,000 sqm of docking area, floating dock facilities, 14 cranes up to 50 tonnes, and 6,000 sqm of covered shops. It is the only Greek shipyard with direct involvement in national and international marine defence programmes and serves both naval and commercial customers.

The company's core offering centres on pre-outfitted hull block construction for Naval Group's FDI Belharra frigate programme — delivering 21 blocks across Hellenic and French Navy ships with a pre-equipping degree of completeness of 80.4%, among the highest in the programme. Other naval work includes reactivation and upgrade of Island-class patrol vessels for the Hellenic Navy, construction of naval training vessel ARIS, and steel construction of the USSPS unmanned maritime surveillance platform under the European Defence Industrial Development Programme. Commercial capabilities span newbuild vessels up to 100,000 DWT, complex conversions (including the only European execution of single-hull to double-hull bulk carrier conversion), and vessel reactivation.

Salamis Shipyards generates revenue through project-based, quote-driven contracts with government defence ministries and prime defence contractors. Its primary channel is Naval Group's international supply chain, supplemented by direct relationships with the Hellenic Ministry of National Defence and participation in European defence programmes. A six-year Follow-On Support agreement signed in November 2024 adds recurring maintenance and upgrade revenue, and an India greenfield shipyard project with ACT Infraport (formalised June 2026) signals international expansion into South Asia and the Middle East.

Name

Salamis Shipyards

Legal name

Salamis Shipyards

Website

https://salamis-shipyards.gr

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

51–100 employees

Short description

Salamis Shipyards is a privately held Greek shipbuilder on Salamis Island, the only Greek yard in international naval defence programmes, producing pre-outfitted hull blocks for FDI frigates via Naval Group, plus naval conversions, commercial newbuilds up to 100,000 DWT, and a new Indian greenfield shipyard project.

Ownership category

akta.pro rank

Product category

Naval Shipbuilding

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (3366)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Surface Combatants (Destroyers, Frigates, Corvettes) (IMAJABAA)

akta.pro secondary industries

Naval Ship Modernization, Refits & Life Extension (Depot Maintenance) (IMAJABAI), Naval & Government Vessel Maintenance & Modernization (TLAKAKAB), Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA), Dry Docking & Dockyard Operations (Graving/Floating Docks, Docking Services) (TLAHAMAA), Hull, Structure & Steelwork Repair (TLAKAKAE)

Keywords

• Naval shipbuilding
• Commercial shipbuilding
• Ship repair maintenance
• Vessel conversion
• Hull block construction

Headquarters

HQ city

Ampelákia

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Naval Defense Shipbuilding: Construction of naval vessels and pre-outfitted hull blocks for defense programs. Revenue generated from contracts with Naval Group for FDI frigate programs (Belharra) for Hellenic and French navies. Includes construction of naval training vessels, hull blocks, and maintenance/repair of naval surface ships.
2. Commercial Shipbuilding and Conversion: New construction of commercial vessels up to 100,000 DWT, conversions (bulk carriers to chemical tankers, ferry extensions, tanker conversions), and vessel reactivation. Project-based revenue with long delivery cycles.
3. Ship Repair and Maintenance: Repair, maintenance, and upgrade services for naval and commercial vessels. Includes six-year Follow-On Support (FOS) contract with Naval Group for FDI frigate maintenance and support services.
4. Specialized Defense Projects: Participation in European defense programs (EDIDP) such as the USSPS maritime surveillance floating platform construction. Technology transfer and know-how sharing arrangements.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Salamis Shipyards is a shipbuilding and ship repair company that designs, constructs, and outfits naval and commercial vessels. Its core activity is the fabrication of pre-outfitted hull blocks for the FDI Belharra frigate programme under Naval Group, complemented by naval vessel reactivation/upgrade (Island-class patrol boats), construction of unmanned maritime surveillance platforms (USSPS Panoptis), and complex commercial shipbuilding and conversions up to 100,000 DWT. The shipyard also provides long-term Follow-On Support (FOS) maintenance services for the frigates it supplies.

Product overview

Salamis Shipyards offers a comprehensive portfolio of shipbuilding and ship repair services across commercial and naval sectors. The company specializes in complex, niche projects including: pre-outfitted hull block construction for FDI Belharra frigates (a major programme in partnership with Naval Group serving both Greek and French navies); reactivation and upgrade of Island-class patrol vessels; and construction of the USSPS Panoptis unmanned maritime surveillance platform. Commercial capabilities span vessel construction up to 100,000 DWT, and specialized conversions including bulk carrier-to-chemical tanker conversions and ferry upgrades. The portfolio also includes a six-year Follow-On Support service agreement for FDI frigates, providing ongoing maintenance and upgrade capabilities. The company operates as an authorized subcontractor in Naval Group's international supply chain, making it the only Greek shipyard participating in another country's naval construction programme.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 80.4% degree of completeness on pre-equipped hull blocks - among highest achieved in FDI program
• +4 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered flagship and core.

• ACT Infraport LtdflagshipStrategic or Co-development Partner · 5 June 2026Technical collaboration agreement signed June 5, 2026 for establishment of Greenfield Ship Building and Ship Repair shipyard in Gulf of Kutch, Gujarat, India. Initial 5-year agreement for technical support in ship repair, with potential extension to shipbuilding and conversion activities. Salamis Shipyards will transfer know-how and best practices to enable the new facility to build, refit and repair ships up to Capesize class.
• ACT Infraport LtdflagshipStrategic or Co-development Partner · 23 January 2026Memorandum of Understanding signed January 23, 2026 for cooperation in shipbuilding, repair and conversion. Sets framework for establishment of modern shipbuilding unit in Gujarat, India to serve South Asia and Middle East markets. Salamis Shipyards brings specialized experience in complex shipbuilding projects and will undertake transfer of know-how and best practices.
• Multinational Consortium (USSPS Program)coreStrategic or Co-development Partner · 1 January 2026Participation in multinational consortium for USSPS maritime surveillance platform including Naval Group, Navantia, ETME, Applied Intelligence Analytics Limited, Cyprus Research and Innovation Center Ltd, Foundation for Research and Technology Hellas, and other European partners. Demonstrates international industrial cooperation in defense sector.
• ETMEcoreStrategic or Co-development Partner · 13 November 2025Collaboration for steel construction of USSPS (Unmanned Semi-fixed Sea Platform for Maritime Surveillance) 'Panoptis' maritime surveillance floating platform. Project under European Defense Industrial Development Programme (EDIDP) in cooperation with General Directorate for Defence Investments and Armaments (GDDIA) of Hellenic Ministry of National Defense. Salamis Shipyards constructs main structure including main deck, floats/columns.
• Naval Group (as Technical Coordinator)coreTechnology or Integration · 13 November 2025Naval Group serves as technical coordinator for USSPS maritime surveillance platform project, ensuring technical excellence and transfer of know-how to ETME. Implements European vision for substantial cooperation between defence primes and innovative SMEs.
• Naval Group (via HIP program)coreStrategic or Co-development Partner · 9 May 2023Part of Naval Group's Hellenic Industrial Participation (HIP) plan involving over 60 Hellenic companies. Salamis Shipyards signed contracts for pre-outfitting activities on hull blocks for Hellenic and French FDI frigates. Demonstrates Group's commitment to develop strong industrial cooperation with Hellenic industry.
• Naval GroupcoreStrategic or Co-development Partner · 18 October 2022Strategic partnership since October 2022 for FDI frigate program. Salamis Shipyards serves as authorized subcontractor producing pre-outfitted hull blocks for both Hellenic and French navies. The partnership includes 6-year Follow-On Support (FOS) agreement signed November 2024 for maintenance of FDI frigates. Naval Group describes the cooperation as a strong and long-term partnership, with Salamis Shipyards being the only Greek shipbuilding unit participating in construction program for another country's fleet.
• United States Coast GuardcoreStrategic or Co-development PartnerSelected by US Coast Guard to perform reactivation and upgrade of Island-class patrol vessels for Hellenic Navy. Demonstrates international recognition of Salamis Shipyards' capabilities in complex vessel modernization projects.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Damen Shipyards: Dutch shipbuilding group with a broad portfolio of naval, offshore and workboat vessels and a global yard network. Comparable as a European shipbuilder that combines niche patrol/corvette construction with conversion, repair and support services.
• Fincantieri: Italy-headquartered global shipbuilding group and one of the largest naval shipbuilders in the West, building frigates, corvettes and aircraft carriers. Comparable to Salamis as a European naval prime/subcontractor with multi-vessel warship programmes and integrated MRO.
• ThyssenKrupp Marine Systems (TKMS): German naval shipbuilder specialising in submarines, frigates and corvettes. Comparable as a European naval prime that both builds warships and orchestrates supply chains of smaller yards on complex defence platforms.
• Hyundai Heavy Industries (HHI) – Shipbuilding: Korean global shipbuilding leader building naval combatants, LNG carriers and VLCCs. Comparable as a benchmark for what scaled, capital-intensive shipbuilding looks like and as a potential competitor on commercial conversion work up to 100,000 DWT that Salamis also targets.

Direct peers

• Elefsis Shipyards: Greek shipyard historically focused on naval shipbuilding and repair. Comparable as a direct domestic Greek peer competing for the same Hellenic Navy and international naval work as Salamis.
• Lürssen: German family-owned shipbuilder focused on naval vessels (frigates, corvettes, OPVs) and complex yachts. Comparable as a niche, high-quality European shipyard with deep expertise in special-purpose vessels and military shipbuilding.
• Navantia: Spanish state-owned naval shipbuilder building frigates, corvettes and submarines for the Spanish Navy and export customers. Directly comparable as a European mid-tier naval shipyard that also acts as a subcontractor/integrator on multi-national defence programmes and runs through-life support contracts.
• Neorion Shipyards (Syros): Greek shipyard on Syros historically active in naval and commercial ship repair and conversion. Comparable as a Greek peer offering ship repair, conversion and limited newbuild to both domestic and international clients.

Regional players

• Orizzonte Sistemi Navali (Fincantieri–Leonardo JV): Italian JV that manages Italian Navy FREMM and PPA programmes. Comparable as a programme-management entity that integrates mid-sized shipyards into the build of European surface combatants, similar to how Salamis feeds into Naval Group's FDI supply chain.
• Cochin Shipyard: India's largest public-sector shipbuilder building aircraft carriers, naval vessels and commercial ships. Comparable to Salamis as a likely local competitor for the Indian Greenfield shipyard opportunity and as a regional player with naval newbuild + repair capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Salamis Shipyards