Skaramangas Shipyards

[2] Commonly known as "Skaramanga Shipyards" (Greek: Ναυπηγεία Σκαραμαγκά), from the area where they are located, its origins are connected with the Royal Hellenic Naval Shipyard created in 1937 in order to build warships.

[3] Operation started in 1957 when Greek business tycoon Stavros Niarchos purchased the ruined shipyard and rebuilt and expanded its facilities; since then the company has built many civilian and military ships.

A special branch has also been created since 1986, for the mass production of various types of railcars (diesel and electric) and railroad cars (passenger and freight), mostly on German designs.

However, serious yard mismanagement by the German TKMS group has caused a decline of the shipyard, and reduction of employees to 1,300 in 2009 (from about 6,200 in 1975).

[4] On March 1, 2010, an agreement was reached to sell 75.1% of the company to Abu Dhabi Mar.