Custom Featured Image
November 20, 2023

Delphos Facilitates $125 Million Deal for ONEX Elefsis Shipyards’ Transformation

Delphos proudly announces its pivotal role as the financial advisor in orchestrating a groundbreaking $125 million financing deal between ONEX Elefsis Shipyards and the U.S. International Development Finance Corporation (DFC). This agreement, signed on November 6, 2023, signifies a significant stride towards revitalizing the Elefsina shipyard near Athens, Greece. With Delphos at the forefront, this transformative deal promises not only to rejuvenate the iconic shipyards but also to establish a strategic maritime and energy supply hub for the region.

Under the visionary leadership of CEO Scott Nathan, the DFC’s investment in ONEX Elefsis Shipyards aims to expand the shipyard’s capacity, particularly in servicing liquefied natural gas (LNG) ships, thereby bolstering European energy security and fostering job creation. The signing ceremony, attended by key figures including Greek Minister of Development and Investment Kostas Skrekas and U.S. Ambassador to Greece George Tsunis, underlines the transparent and high-quality nature of the investment. Notably, this endeavor aligns with the U.S.-Greece partnership, reinforcing ties through shared commitments to sustainable economic growth.

DFC’s forward-looking investment is set to transform the Elefsis shipyard into a formidable energy supply hub, strategically positioned along vital gas trade routes. The infusion of funds will enable ONEX to enhance the shipyard’s capacity, supporting up to 200 ships annually. Moreover, the development includes a 30MW solar farm, contributing to local energy infrastructure and aligning with Greece’s renewable energy goals. This transformative project mirrors President Biden’s and the G7’s commitment to global infrastructure development through transparent and values-driven investments, marking a positive step towards a future of sustainable growth.

© Copyright 2024 - Delphos International