Friday, August 5, 2011

Greek shipyards kept afloat by luxury yachts for the super-rich

by Peter Beaumont

Guardian

August 4, 2011

In the Halkitis shipyard in Perama, the Azul dwarfs everything. Four decks tall, it is just five metres shorter in length than the 3,000-tonne cargo ships that were once the staple of the Greek yards that line the shore.

But the Azul is no cargo ship. Nor is it a ferry to shuttle tourists and workers back and forth to the islands. Instead, it is a €20m (£17m) pleasure yacht being constructed for a Croatian businessman. His brother is having a twin built, identical in all details.

In a town where unemployment last year hit 60-70%, according to a survey by the University of Piraeus, and may now be nudging 80%, it is toys of the super-rich like the Azul that are keeping a handful of shipbuilders still in work.

Apostolos Kivachelis, aged 53, the foreman on the Azul, clambers down from where a dozen or so men are rubbing down the yacht's steel.

"I've worked six months in the last two years," he says. "But I'm lucky. I know lots of other people who have not worked at all." When he does get work he helps others in his family who are unemployed – just as they help him if he is out of work. "What else can we do?" he asks with a shrug. "Sometimes the bills don't get paid for two months at a time."

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