An Athens court has granted an appeal by the Greek state and Piraeus Bank to liquidate the Skaramangas shipyard.

Assets will be auctioned off by international, providing there is no objection from key shareholder Privinvest.

This is uncertain at the moment, the Kathimerini daily reported.

Chinese shipping giant CoscoCS has been tipped to participate in any bidding.

The government and the bank had asked for Skaramangas to be prepared for liquidation in 2014.