Yesterday morning, a host of local dignitaries waved Mr and Mrs Karaboudjan
off as they launched Karaboudjan III from dock "26". The Karaboudjan III is
a superb 19th century sailing ship which has been renovated and modernised
in the shipyards of the old port. Mr Garcia, works supervisor, explained
the improvements which have been made to the boat: "It is an old sailing
ship that we have completely restored. We have also changed the structure
of the ship as some materials had deteriorated from bad weather. "The
Karaboudjan III belongs to business tycoon, Niklos Karaboudjan.