Limassol shipyard operator FAMA, enters deal with Petrogress

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Limassol shipyard operator FAMA, enters deal...
 © BusinessMail 2017
By Stelios Orphanides

The chairman of FAMA Group, which operates the Limassol port shipyard, said that his company entered an agreement with Petrogress Inc. to provide related services to hydrocarbon companies.

Petrogress, a Piraeus-based oil trading, shipping, and storing company listed on NASDAQ, agreed to purchase one fifth of FAMA’s parent company F & T Investments Ltd, Tomis Tziortzis said in an interview.

As part of the agreement, FAMA will invest $20m (€18m) in a new floating dock with a capacity of 8,500 tonnes which will provide repair and other related services to...


Limassol shipyard operator FAMA, enters deal with Petrogress


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