Coast Guard: €23.8 million contract signed for seven MAGNAR 1950 fast patrol boats, with an option for seven more

The Ministry of Maritime Affairs and Insular Policy has signed contract T29/2026 for the procurement of seven fast patrol boats of more than 17.5 metres for the Hellenic Coast Guard, with an option for seven more identical vessels. The contractor is VIKING LIFE-SAVING EQUIPMENT HELLAS, based in Thebes, and the value of the contract is €23,799,895, excluding the option boats. The contract was registered in KIMDIS (26SYMV020057284) with a signing date of October 22, 2026.

The boats: MAGNAR 1950

According to the contract, these are MAGNAR 1950 fast patrol boats, monohull, with an overall length of 21.29 metres including platforms and protrusions and a hull length of 19.42 metres as defined by standard ISO 8666/2020. The remaining characteristics, equipment and services are described in the tender’s technical specifications. The boats are intended for the Operational Means Directorate of the Coast Guard Headquarters.

The price per boat is €3,399,985, including statutory deductions. The procurement is exempt from VAT.

Deliveries within a year

All seven boats must be delivered within twelve months of signing. The first is delivered for testing six months after signing, followed by one boat each month until the seventh at twelve months. If the option is activated, the eighth boat is delivered after six months and each subsequent one every two months, from the activation of the option or from the delivery of the seventh boat, whichever comes later.

The place of delivery and testing is the port of Piraeus. The contract also provides for training of crews, of technicians for electronic and communications systems, and of technicians for the maintenance of the main engines, generators and propulsion systems.

A tender that began in 2022

The procedure began with notice 15/2022 and was conducted on October 4, 2022 as a competitive dialogue, with the most economically advantageous offer as the award criterion. The total estimated value, including the option boats, was €47.6 million. Binding offers were requested in September 2025 and the award to VIKING was made by a decision of June 23, 2026. The signing was preceded by a pre-contractual review by the Court of Audit, which approved the signing with act 249/2026.

The project is co-financed by the European Maritime, Fisheries and Aquaculture Fund and national resources, under the programme “Fisheries, Aquaculture and Sea 2021-2027”.