Yesterday, during the international trade fair for the maritime sector Posidonia 2026 underway in Athens, the representatives of the construction site Greek naval Skaramangas Shipyards and those of the shipbuilding group South Korean HD Hyundai Heavy Industries Co. have signed a Memorandum of Understanding to cooperate in the construction of military ships for the needs not only of the Navy and the Guard Coastal of Greece, but of those of other European nations.

On the occasion of the signing Miltiadis Varvitsiotis, who held senior positions in previous Greek governments including that of Minister of Maritime Activities and Maritime Policies island, highlighted "the importance of cooperation between the world's largest shipyard and the largest shipyard in Greece and one of the most of the Mediterranean, achieved in just two years by the recovery of the of the activities of the Skaramanga shipyards'. The reference is to the relaunch of the Greek shipyard which took place with the privatization and the transfer of its ownership to the Greek shipowner George Prokopiou ( of 22 March 2023).