What SKARAMANGAS SHIPYARDS does

Skaramangas Shipyards operates one of the largest shipbuilding and repair facilities in the Eastern Mediterranean, located in Chaidari, Athens, Greece. Founded in 1950 and spanning 760,000+ square meters with 2,500 meters of quayside, the yard delivers newbuild construction, repair, refit, and conversion services for naval and commercial vessels, including mega yachts, LNG carriers, and large tankers. The company was privatized in 2024 through acquisition by George Prokopiou, ending state ownership and bringing the asset under the control of a major Greek shipping group.

Core infrastructure includes Graving Dock No. 5 (500,000 DWT capacity, the largest in Greece), Graving Dock No. 4 (250,000 DWT, the only Suezmax-capable dock in the country), a 2,789-ton Ship Lift Platform, fabrication halls, a painting hall, and a slipway. The business model combines multi-year defense contracts with the Hellenic Navy (primary defense customer) and project-based commercial work: dry-dock repairs for tanker and LNG carrier operators, newbuild programs, and mega yacht refits. Revenue is generated through contract-based defense programs, per-project commercial repair and newbuild fees, and yard services for adjacent vessel classes.

Recent strategic positioning reflects a deliberate diversification beyond traditional hull repair. The yard has signed an MOU with Sub Sea Craft to integrate the VICTA unmanned platform, achieved Green Award certification for environmentally regulated work, and participated in DEFEA 2025 to court additional defense programs. The combination of scale-grade infrastructure, naval qualifications, and private ownership under a shipping conglomerate provides both operational leverage and a captive commercial customer pipeline.

Name

SKARAMANGAS SHIPYARDS

Legal name

Skaramangas Shipyards

Website

https://skaramangas.gr

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

11–50 employees

Short description

Skaramangas Shipyards is one of the largest shipyards in the Eastern Mediterranean, operating a 760,000 m2 facility in Chaidari, Athens, with newbuild, repair, and conversion services for the Hellenic Navy, commercial tanker and LNG operators, and mega yacht owners. Privatized in 2024 under George Prokopiou.

Ownership category

akta.pro rank

Product category

Shipbuilding & Ship Repair Services

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Commercial Ship Repair & Drydocking (TLAKAKAA)

akta.pro secondary industries

Naval & Government Vessel Maintenance & Modernization (TLAKAKAB), Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA), Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists) (IMAJALAD), Hull, Structure & Steelwork Repair (TLAKAKAE), Yard Layout & Production Facilities (Assembly Bays, Block Fabrication Shops, Warehouses) (IMAJALAG)

Keywords

• Shipbuilding services
• Ship repair services
• Naval vessel construction
• Mega yacht refit
• LNG carrier services

Headquarters

HQ city

Chaidari

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Ship Repair Services: State-of-the-art ship repair services for commercial and naval vessels, including complex repairs such as shafting systems, dry docking, and specialized surveys
2. Newbuilding Projects: Construction of new commercial vessels including tankers, cargo carriers, passenger vessels, and naval vessels including submarines, frigates, and patrol boats
3. Mega Yacht Upgrade and Refurbishment: Services for construction, upgrade and refurbishment of mega yachts
4. LNG Carrier Services: Specialized services for LNG carriers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Skaramangas Shipyards is one of the largest shipyards in the Eastern Mediterranean providing shipbuilding, ship repair, and refurbishment services. It builds new commercial and naval vessels (tankers, cargo carriers, submarines, frigates, patrol boats), performs dry-dock repairs including complex shafting work on large vessels such as Suezmax tankers, constructs and refits mega yachts, and delivers specialized services for LNG carriers and Hellenic Navy programs.

Product overview

Skaramangas Shipyards is one of the largest shipyards in the Eastern Mediterranean, operating as a single unified shipbuilding and repair facility rather than a platform-plus-modules architecture. The company provides a comprehensive portfolio of maritime services including new vessel construction (commercial and naval), ship repair, mega yacht refurbishment, LNG carrier services, and Hellenic Navy programs. Key infrastructure assets include two graving docks (No.5 up to 500,000 DWT and No.4 up to 250,000 DWT), a slipway (37,000 DWT), ship lift platform (2,789 tons SWL), fabrication/outfitting halls, and an environmentally controlled painting hall. The shipyard covers over 760,000 m2 with approximately 2,500m of quays and 11,900 m2 of dry storage area. Recent developments include a partnership with Sub Sea Craft to manufacture the VICTA platform for Special Forces operations and serve as the hub for a maritime innovation center developing autonomous and unmanned vessels.

Differentiator

Problem solved

Functional benefit

Products and services

• Ship Building Services
• Ship Repair Services
• Mega Yacht Construction and Refurbishment
• LNG Carrier Services
• Hellenic Navy Shipbuilding and Support Services
• VICTA Platform Manufacturing

Quantifiable outcome

• Successfully repaired shafting system on 274.2m Suezmax tanker - largest vessel accommodated in Greek dry dock
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• Green Award FoundationflagshipGTM or Marketing Partner · 19 November 2025Skaramangas Shipyards officially joined Green Award program as Incentive Provider. This international recognition confirms the company's commitment to sustainable, technically advanced and environmentally responsible maritime future. As Incentive Provider, Skaramangas supports ship owners and vessels investing in green practices, promotes technologies reducing environmental footprint, enhances adoption of high safety and quality standards in repair and upgrade projects, and provides incentives to Green Award certified vessels.
• Sub Sea CraftcoreStrategic or Co-development Partner · 16 January 2025Signed MOU for development of maritime innovation center in Greece. Skaramangas will become the designated manufacturer of VICTA craft for Greek and European markets. VICTA is an innovative platform for special forces operations in coastal areas, capable of speeds up to 40 knots and underwater navigation up to 30 nautical miles. The partnership includes development of autonomous and unmanned vessels for defense use, with technology transfer to enhance Skaramangas' capabilities in submarine vessel construction and servicing.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Naval Group: French state-controlled naval shipbuilder building frigates, submarines and combat vessels. Comparable as a European naval shipbuilding incumbent competing for the same Hellenic Navy and EU naval programs.
• Navantia: Spanish state-owned shipbuilder focused on naval and offshore vessels, including frigates and submarines. Comparable as a European naval shipbuilding incumbent competing for similar EU/NATO contracts.
• Hyundai Heavy Industries: Korea's largest shipbuilder with comprehensive commercial and naval capability. Comparable as a global scale competitor for large commercial newbuilding and repair contracts.
• Damen Shipyards: Dutch global shipbuilder with repair yards, newbuilding and naval capability across Europe. Comparable as a large European multi-yard operator competing for repair, refit and naval contracts regionally.
• Fincantieri: Italy-headquartered global shipbuilding group with strong cruise, naval and offshore capabilities. Comparable as a much larger European peer competing for naval and large commercial orders and operating mega graving docks.
• Tuzla Shipyard (Tersan / Sefine): Turkish shipyard cluster offering newbuilding, repair and conversions for tankers, cargo and offshore vessels. Comparable as a lower-cost regional competitor in the Eastern Mediterranean shipbuilding market.

Regional players

• ASRY (Arab Shipbuilding and Repair Yard): Bahrain-based ship repair and conversion yard serving large commercial vessels including tankers. Comparable as a regional large-vessel dry-dock competitor in the Eastern Mediterranean / Gulf corridor.

Direct peers

• Elefsis Shipyards: Greek shipyard also located near Athens, providing ship repair, conversions and newbuilding for commercial and naval clients. Directly comparable as a domestic Greek large-vessel repair and newbuilding facility serving the same Hellenic Navy and Eastern Mediterranean tanker markets.
• Neorion Shipyards (Syros): Historic Greek shipyard on Syros island with repair, refit and newbuilding capabilities including passenger ferries and small commercial vessels. Comparable as a Greek domestic shipyard competing for the same commercial and naval programs.
• Hellenic Industry of Technology and Systems (Hellenic Shipyards): Greek shipyard at Skaramangas-adjacent area historically active in naval and commercial shipbuilding. Closely comparable as a local Greek peer for the same defense and shipping customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/skaramangas-shipyards

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 SKARAMANGAS SHIPYARDS