Grand Bahama Shipyard

What Grand Bahama Shipyard does

Grand Bahama Shipyard Limited (GBSL) is a privately held joint venture founded in 1999 in Freeport, Grand Bahama, owned by Carnival Corporation, Royal Caribbean Group, and MSC Cruises. The company operates the largest ship repair facility in the Caribbean, providing dry-docking, afloat repairs, refits, refurbishments, and revitalizations for cruise ships and commercial vessels at a strategic location 93 nautical miles east of Miami along major shipping routes. The facility comprises two existing floating dry-docks with combined lifting capacity exceeding 45,000 tonnes, 1 km of deep-water berth at 14m draft, a 35,000 ft² workshop for steel and aluminum fabrication, and an integrated portfolio of services including naval architecture, mechanical and electrical engineering, pipe works, NACE-certified hull treatment, UTM hull gauging, BWTS installations, tank cleaning, and customs/logistics brokerage.

GBSL services approximately 100 cruise and commercial vessels per year at a 92% occupancy rate and is currently executing a $665 million facility redevelopment that will introduce the East End dock (93,500-ton lifting capacity, arrived November 2025 and operational February 2026) and the Lucayan dock (expected 2026), which upon commissioning will give the yard the largest vessel lifting capacity in the world across a three-dock operation. The customer base spans the three JV partners as anchor accounts plus third-party cruise operators (Disney Cruise Line, Holland America Group), commercial shippers, and third-party ship managers; distribution is supported by a worldwide agent network across seven European and Latin American markets plus a network of local Freeport shipping agents. The company holds ISO 9001, ISO 45001:2018, ISO 14001, ISPS, GTT, NACE, and LRQA certifications, and as of June 2026 had surpassed 1.45 million trade labour hours without a Lost Time Injury, earning a British Safety Council International Safety Award 2026 Merit.

Name

Grand Bahama Shipyard

Legal name

Grand Bahama Shipyard Ltd.

Website

https://grandbahamashipyard.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Grand Bahama Shipyard is a cruise-line joint venture operating the largest ship repair facility in the Caribbean from Freeport, Grand Bahama, providing dry-docking, refits, and maintenance to cruise operators and commercial ship owners.

Ownership category

akta.pro rank

Product category

Ship Repair Services

NAICS

Ship Building and Repairing (336611), Support Activities for Water Transportation (4883)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Dry Docking & Dockyard Operations (Graving/Floating Docks, Docking Services) (TLAHAMAA)

akta.pro secondary industries

Commercial Ship Repair & Drydocking (TLAKAKAA), Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA), Dry Docking & Hull Steelwork Repair (IMAJAFAA), Mechanical Systems Repair (Engines, Propulsion, Pumps) (TLAKAKAF)

Keywords

• Ship repair services
• Dry-docking services
• Vessel maintenance
• Marine fabrication
• Hull treatment

Headquarters

HQ city

Freeport

HQ country

Bahamas

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Dry-Docking and Afloat Repairs: Core revenue stream from dry-docking and afloat repair services for cruise ships and commercial vessels. Services include dry-docking, underwater repairs, refurbishments, and revitalizations. The shipyard services approximately 100 cruise and commercial vessels per year with 92% occupancy annually.
2. Steel and Fabrication Services: Steel and aluminum fabrication, pipe fabrication, mechanical services, and electrical services including motor rewind capabilities.
3. Hull Treatment Services: HP and UHP blasting and coating services, NACE approved specialists applying silicone or class certified AF coatings.
4. Ballast Water Treatment System (BWTS) Installations: Prefabrication and installation of BWTS systems during routine dry-docking periods, including spool pipes, pipe support brackets, BWTS machinery foundations, and catwalks preassembled prior to vessel arrival.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Grand Bahama Shipyard operates a single integrated ship repair facility providing dry-docking, afloat repairs, refits, refurbishments, and revitalizations for cruise and commercial vessels. Services are delivered from a Freeport, Grand Bahama facility with two floating dry-docks (45,000+ tonne combined capacity), a 1km deep-water berth at 14m depth, a 35,000 ft² workshop, and a comprehensive portfolio covering steel/aluminum fabrication, mechanical engineering, pipe works, hull treatment, electrical services, UTM hull gauging, tank cleaning, life boat/tender refurbishment, and ballast water treatment system installations.

Product overview

Grand Bahama Shipyard operates as a single unified ship repair facility offering comprehensive dry-docking, repair, and refurbishment services for cruise and commercial vessels. The core offering centers on floating dry-docks (with lifting capacity up to 93,500 tonnes), deep-water wharfage (1km berth at 14m depth), and extensive on-site workshops. Services are delivered as an integrated portfolio including naval architecture, steel and aluminum fabrication, mechanical engineering, pipe works, hull treatment, electrical services, UTM hull gauging, tank cleaning, life boat/tender refurbishment, BWTS installation, and logistics support. The facility accommodates vessels up to 300m length and is expanding to a three-dock operation with East End and Lucayan floating docks.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 100 vessels serviced annually with 92% occupancy
• +3 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered supporting and core.

• Industrial Training International (ITI)supportingImplementation/ SI/ Consulting Partner · 30 October 2025Global leader in crane, rigging, and load-handling education partnered with GBSL for tower crane operator training. ITI provided instructor-led training combined with VR crane simulators and digital learning modules for the 12-week Tower Crane Training Program that certified 10 Bahamian crane operators.
• Carnival CorporationcoreStrategic or Co-development PartnerJoint venture partner and anchor customer. Carnival Corporation is one of the world's largest cruise companies operating brands including Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The shipyard serves as a preferred repair facility for Carnival vessels.
• Royal Caribbean GroupcoreStrategic or Co-development PartnerJoint venture partner and anchor customer. Royal Caribbean Group operates Royal Caribbean International, Celebrity Cruises, and Silversea. The shipyard serves as a preferred repair facility for Royal Caribbean vessels.
• MSC CruisescoreStrategic or Co-development PartnerJoint venture partner and anchor customer. MSC Cruises is one of the world's largest privately-owned cruise companies. The shipyard serves as a preferred repair facility for MSC Cruises vessels.
• Bahamas Technical and Vocational Institute (BTVI)supportingImplementation/ SI/ Consulting PartnerPartner institution for apprenticeship program providing initial 4-month training in fundamentals of shipyard repair operations before apprentices proceed to overseas training at Engineering College Liverpool.
• Engineering College LiverpoolsupportingImplementation/ SI/ Consulting PartnerUK training partner for apprenticeship program where apprentices spend 4 months advancing technical knowledge and skills in their chosen trades as part of the structured four-year program.
• CSSC Qingdao Beihai ShipbuildingsupportingTechnology or IntegrationChinese shipyard that constructed the East End floating dry dock. The 357.39m x 70m dock was built to GBSL specifications and features four modern cranes and advanced control systems with 93,500-ton lifting capacity.

Scale indicators13 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• BAE Systems Jacksonville Shipyard: BAE Systems operates a Jacksonville, Florida shipyard providing afloat and drydock ship repair services for naval and commercial vessels on the US East Coast. Geographically proximate to GBSL with overlapping commercial/cruise refit and repair capabilities.
• A&P Group: A&P Group operates ship repair facilities in Falmouth (UK) and other ports, with a deep specialization in cruise ship refit, refurbishment, and dry-docking — the closest direct peer to Grand Bahama Shipyard in terms of cruise-focused dock work, customer overlap, and service portfolio.
• Blohm+Voss Shipyards: Blohm+Voss operates yard and dry-docking facilities in Hamburg providing large-vessel repair, refit, and conversion services. Comparable to GBSL on cruise and commercial ship repair at scale, though geographically centered on Northern Europe.
• Keppel Shipyard: Keppel Shipyard in Singapore is one of Asia's leading ship repair, conversion, and offshore engineering yards. A direct competitor for offshore, cruise, and commercial repair projects with similar floating-dock and conversion capabilities.
• Sembcorp Marine (ST Engineering Marine): Sembcorp Marine, now part of ST Engineering, is a major Singapore-based shipbuilder and ship repair operator with extensive floating dock infrastructure serving cruise, commercial, and offshore customers — overlapping directly with GBSL's service portfolio.
• Atlantic Marine / Mobile Shipyard: Atlantic Marine operates large US Gulf Coast shipyards providing commercial ship repair, conversion, and dry-docking services to commercial and government customers. Comparable to GBSL in commercial vessel repair scale, US/Atlantic basin positioning, and floating-dock operations.

Broad incumbents

• Damen Shiprepair: Damen Shiprepair operates multiple yards across Europe and the Caribbean (Curaçao, Brest, Rotterdam). A broad incumbent offering repair, conversion, and maintenance services at scale, comparable in scope though distributed across more sites than GBSL.
• Navantia: Navantia is Spain's state-owned shipbuilder operating repair and conversion yards in Ferrol, Cádiz, and the Bay of Biscay. Provides commercial and naval ship repair, conversion, and refit services — a broad incumbent with similar cruise and merchant vessel repair scope, though focused on European customers.
• Hyundai Mipo Dockyard: Hyundai Mipo Dockyard is a major South Korean shipbuilder and ship repairer with large floating docks serving global commercial and cruise customers. Comparable in scale of vessel handling capacity and dry-docking infrastructure though primarily Asia-focused.

Regional players

• Chantier Davie Canada: Chantier Davie is Canada's largest shipyard and a major North Atlantic ship repair, refit, and construction operator. Comparable to GBSL in offering commercial vessel dry-dock and refit services with significant infrastructure investment, though serving the broader North Atlantic market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/GBShipyardLtd

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grand Bahama Shipyard