The Panagiotis (Greek: Παναγιώτης) is a shipwreck lying in the white sands of an exposed cove on the coast of Zakynthos, which is among the southernmost of the Ionian Islands of Greece.
The coaster Panagiotis was built in 1937 at Bowling on the River Clyde in Yard 341 by Scott & Sons, and fitted with a 532 bhp diesel engine made by British Auxiliaries Ltd.
In 1980, during a time of record population lows on the island of Zakynthos, Panagiotis was allegedly making its way from Turkey with a freight of contraband cigarettes for the Italian Mafia, as some versions of the story assert.
Encountering stormy weather, the ship ran aground in a shallow cove on the west coast of Zakynthos, to the north of Porto Vromi, where the crew abandoned her to evade the pursuing Navy.
[3][4] Another story maintained that the ship was carrying legitimate cargo from Argostoli to Durrës in Albania, when the crew were forced to beach her in the cove during a storm on 2 October 1980.