George Procopiou takes over Hellenic Shipyards

Shipowner George Procopiou has topped the bids lodged for Greece’s largest shipyard and will take over Hellenic Shipyards.

The Dynacom boss beat another local owner, Theofilos Priovolos, in an auction for the yard, which has been under state administration for the last three years.

Including adjacent property, Procopiou is paying EUR62.2m for the Skaramangas-based facility, which was originally constructed by another big name in Greek shipowning, Stavros Niarchos, in the 1950s.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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