Boston Harbor Shipyard & Marina

What Boston Harbor Shipyard & Marina does

Boston Harbor Shipyard & Marina (BHSM) is a full-service waterfront maritime facility located in East Boston, Massachusetts, operating within a state-designated Designated Port Area under parent company Ocean Havens. The facility's asset base includes 180 protected deep-water slips, the 500-ton floating dry dock "Providence" — the only floating dry dock in Boston Harbor — supplemented by an 80-ton travel lift and a 50-ton travel lift. The property encompasses more than 200,000 rentable square feet across 18 buildings, supporting approximately 30-35 marine industrial, commercial, and retail tenants. BHSM has received the Boater's Choice Award annually from 2021 through 2024, indicating consistent recreational customer satisfaction.

The tenant mix anchors the commercial strategy. Anchor tenants include Bay State Cruises (transporting more than 500,000 passengers annually), DEME Offshore US (offshore wind marine logistics), Downeast Cider, Blue Atlantic Fabricators, Sea Machines (autonomous vessel testing operations), Red Top Boats, and ICA Watershed. Sea Machines' presence provides indirect exposure to autonomous marine technology without BHSM itself developing AI capability. The diversified tenant base demonstrates a deliberate strategy of combining stable passenger-transport revenue, exposure to U.S. offshore wind build-out, and emerging-technology marine operators.

BHSM's revenue model is multi-stream: recreational dockage at seasonal rates of $177-$197/ft (summer) and approximately $75/ft (winter), land and water vessel storage, shipyard services utilizing the dry dock and travel lifts, commercial real estate leasing across 200,000+ sq ft, and a fuel partnership. The company is implementing a major capital improvement plan comprising approximately 150 new slips, four new buildings, pier expansion, a public harborwalk, and in-slip electric vessel charging stations. The company is privately held with 11-50 employees and is not publicly traded. Revenue is not publicly disclosed.

Name

Boston Harbor Shipyard & Marina

Legal name

Boston Harbor Shipyard & Marina LLC

Website

https://bhsmarina.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Marina and Shipyard Services

NAICS

Marinas (713930), Ship Building and Repairing (336611), Support Activities for Water Transportation (4883)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA)

akta.pro secondary industries

Dry Docking & Dockyard Operations (Graving/Floating Docks, Docking Services) (TLAHAMAA), Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists) (IMAJALAD), Marine Terminals & Cargo Handling Infrastructure (RoRo, Bulk, Container) (IMAFAJAF)

Keywords

• Marina dockage services
• Vessel storage solutions
• Shipyard repair services
• Marine fuel services
• Waterfront commercial leasing

Headquarters

HQ city

East Boston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Marina Dockage Fees: Revenue from seasonal dockage (May 1 - Oct 31) and winter dockage (Nov 1 - Apr 30). Includes premium, standard, and marginal slip categories. Also includes liveaboard fees.
2. Transient/Guest Dockage: Daily and weekly guest dockage for travelers visiting Boston Harbor. Includes holiday surcharges and electric hookup fees.
3. Boat Storage: Land and in-water storage for vessels. Includes Ocean Access Diamond Rate and Standard Rate pricing tiers based on vessel size. Winter land storage contracts from November through April.
4. Shipyard Services: Revenue from haul out, launch, lay days, pressure wash, foul bottom cleaning, emergency haul, and other boat service operations. Includes crane and forklift services.
5. Commercial Office and Shop Space Rental: Rental income from over 200,000 rentable square feet across 18 buildings including newly renovated offices (500 SF to 8,000+ SF), shop spaces with overhead doors, and mezzanines (1,000 SF to 20,000+ SF).
6. Fuel Sales (Harbor Energy Partnership): Revenue share or partnership from on-site fuel dock operated by Harbor Energy offering high-speed in-slip marine diesel and gas refueling.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Boston Harbor Shipyard & Marina operates a full-service marina and shipyard in East Boston providing protected deep water dockage for 180 vessels (25'-125'), year-round boat storage on land and in water, shipyard services including haul-out and dry docking via the 500-ton Providence floating dry dock, and over 200,000 sq ft of commercial office and shop space leased to marine industrial tenants. Additional offerings include marine fueling through Harbor Energy, boat maintenance services through on-site contractors, and boater amenities.

Product overview

Boston Harbor Shipyard & Marina operates as a full-service marina and shipyard facility in East Boston. The core offerings include dockage (180 deep water slips), the Providence floating dry dock (500-ton capacity), boat storage services, and comprehensive shipyard services. The facility provides over 200,000 square feet of office and commercial shop space to marine industrial tenants. Additional offerings include Harbor Energy fuel services, boat maintenance providers, and amenities like the fitness center and boater's lounge. The shipyard hosts various tenant businesses including sailing schools, water taxis, fitness facilities, and food/beverage operations, creating an integrated maritime ecosystem. The property is operated by Ocean Havens and has been expanding its equipment capabilities with new travel lifts and infrastructure investments.

Differentiator

Problem solved

Functional benefit

Products and services

• Marina Dockage Full-service marina offering 180 protected deep water slips accommodating vessels from 25 to 125 feet in length, with 30 and 50 amp electric service and year-round availability including seasonal, winter, liveaboard, and transient dockage.
• Providence Floating Dry Dock Services 500-ton steel floating dry dock capable of servicing commercial and private vessels up to 500 tons with 120 feet length overall and 46 feet width between wing walls. The only floating dry dock in Boston Harbor.
• Boatyard Storage Year-round vessel storage both on land (approximately 300 boats) and in water (approximately 200 boats) with 24/7 security monitoring, water and electricity hookups, and 50-ton marine travel lift for haul-out operations. Includes Ocean Access Diamond Rate and Standard Rate pricing tiers.
• Shipyard Services Comprehensive shipyard services including haul-out, launch, lay days, pressure wash, foul bottom cleaning, emergency haul, trucking with oversized vehicle accessibility, commercial dockage with over 3,000 linear feet of pier berthing, laydown space, and crane and forklift services.
• Office and Commercial Space Rental Over 200,000 rentable square feet across 18 buildings including newly renovated offices (500 SF to 8,000+ SF), shop spaces with overhead doors, and mezzanines (1,000 SF to 20,000+ SF) for marine industrial tenants.
• Harbor Energy Fuel Services Year-round marine fueling service operated by Harbor Energy with two fuel docks featuring high-speed pumps for marine gas and diesel. Outer fuel dock accommodates large commercial vessels; 10k gallon fuel barge enables mobile in-slip fuel delivery across Boston Harbor. Offers 89 Octane, Diesel, and Jet A Fuel.

Quantifiable outcome

• 500-ton lifting capacity for commercial vessel haul-out
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

20 partnerships are on record, tiered core, major and minor.

• Ocean HavenscoreOthersOcean Havens is the parent company and operator of Boston Harbor Shipyard & Marina. They manage a portfolio of marinas including Charlestown Marina, Fan Pier Marina, Boston Yacht Haven, Province Town Marina, Fore Points Marina, and others. The Ocean Access loyalty program offers discounts across all partner marinas.
• Harbor EnergycoreTechnology or IntegrationHarbor Energy operates the fuel dock at Boston Harbor Shipyard & Marina, known as 'Best on the Harbor.' Offers high-quality gas, diesel, oil, additives, ice, soda, bait & tackle. Features two fuel docks with high-speed pumps and a 10k gallon fuel barge for mobile in-slip delivery. Ocean Access members receive up to $0.20/gallon discounts.
• Red Top BoatsmajorGTM or Marketing PartnerOn-demand water taxi service based at the shipyard serving 35,000 people annually. Provides water taxi pickup at the marina and operates ICA Watershed shuttles between Memorial Day and Labor Day. Partners with Encore Casino for airport shuttles.
• Boston Marine ServicesminorChannel Partner/ Reseller/ DistributorOn-site boat maintenance, repair, and cleaning services provider operating at the shipyard.
• LV Marine ServicesminorChannel Partner/ Reseller/ DistributorOn-site boat services including shrink wrapping, cleaning and detailing, and bottom paint. Offers mobile services.
• Boston Yacht ServicesminorChannel Partner/ Reseller/ DistributorOn-site boat maintenance and repair services provider at the shipyard.
• Boston ScubaminorChannel Partner/ Reseller/ DistributorDive and snorkel shop offering equipment rentals & sales, tours, diving charters, and PADI SCUBA diving classes year-round.
• Sea Tow BostonminorChannel Partner/ Reseller/ DistributorBoat towing and on-water service with 24/7 assistance from Coast Guard licensed captains.
• Clean Harbor ClubminorChannel Partner/ Reseller/ DistributorProvides pump out services for marine sanitation devices and dumping for portable heads, free of charge at the fuel dock pump out station.
• Institute of Contemporary Art (ICA)majorStrategic or Co-development PartnerICA Watershed is a 15,000 sq ft seasonal exhibition space located in the shipyard. Free admission with water shuttle service from the ICA Seaport location. Seventh season in 2024. Features annual exhibitions including Hew Locke: The Procession (North American debut).
• Piers Park Sailing CenterminorStrategic or Co-development PartnerEast Boston-based nonprofit providing accessible sailing programs for all ages since 1998. Partners with First Reef Sailing School for Piers to Peers program giving youth sailors experience on larger vessels.
• First Reef Sailing SchoolminorGTM or Marketing PartnerAmerican Sailing Association certification school founded 2022 by Forrest Hardy and Paul Sullivan. Located at the shipyard, offers courses, charters, and mile building passages. Co-organizes Piers to Peers with Piers Park Sailing.
• Bay State CruisesmajorGTM or Marketing PartnerTenant since approximately 2022 providing high-speed ferry service to Provincetown (90 minutes) and inner harbor ferry service. Serves over 500,000 passengers per season. Also provides Camp Harborview transportation for 1000+ campers.
• DEME GroupmajorGTM or Marketing PartnerDEME Offshore US is primary contractor for Vineyard Wind I project (800 MW, powering 400,000 homes). Growing from 2 staff to over 25 at the shipyard location. Also working on Dominion Energy's Coastal Virginia Offshore Wind project (2,600 MW).
• Charlestown MarinaminorOthersPartner marina under Ocean Havens portfolio. Part of the Ocean Access loyalty program.
• Fan Pier MarinaminorOthersPartner marina under Ocean Havens portfolio. Part of the Ocean Access loyalty program.
• Boston Yacht HavenminorOthersPartner marina under Ocean Havens portfolio. Part of the Ocean Access loyalty program.
• Province Town MarinaminorOthersPartner marina under Ocean Havens portfolio. Part of the Ocean Access loyalty program.
• Fore Points MarinaminorOthersPartner marina under Ocean Havens portfolio. Part of the Ocean Access loyalty program.
• MassportcoreOthersMassachusetts Port Authority granted the shipyard to Massport in 1985. Located within East Boston Designated Port Area (DPA). Subject to Chapter 91 licensing exemptions per Memorandum of Understanding between Massport and DEP.

Scale indicators11 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Charlestown Marina: Sister property under parent Ocean Havens offering protected deep-water dockage, storage, and amenities in Boston Harbor. Directly comparable in operating model, customer base, and pricing tier structure, and a natural extension of the Ocean Access loyalty program.
• Brewer Yacht Yard Group: Network of full-service marinas and boatyards across New England with travel-lift haul-out, storage, and shipyard services. Closest direct comparable for BHSM's combined marina + shipyard offering in the Northeast.
• Hinckley Yacht Services: New England-based yacht services operator with marinas, boatyards, and yacht maintenance. Competes for the same premium recreational boater and yacht service demand, and operates floating dockage and haul-out capabilities in the region.
• Newport Shipyard: Full-service marina and shipyard in Newport, RI serving both recreational megayachts and commercial vessels with haul-out, dockage, and concierge services. Comparable premium-position waterfront shipyard in the Northeast.
• Conanicut Marine Services: Jamestown, RI-based full-service boatyard and marina with travel-lift haul-out, storage, and marine services serving the New England recreational boating market. Direct comparable on combined marina/shipyard operations.
• Fore Points Marina: Sister Ocean Havens property in Portland, ME offering transient and seasonal dockage, boatyard services, and marina amenities. Directly comparable operating model and loyalty program participation with BHSM.
• Fan Pier Marina: Sister Ocean Havens marina in Boston's Seaport district offering seasonal and transient dockage with full amenities. Compares on customer base, pricing tiers, and Ocean Access loyalty integration with BHSM.
• Boston Yacht Haven: Sister Ocean Havens premium transient marina in Boston Harbor targeting visiting yachts. Directly comparable on luxury dockage pricing and amenity offering, sharing Ocean Access loyalty customers with BHSM.
• Provincetown Marina: Sister Ocean Havens marina serving Cape Cod transient and seasonal demand with similar amenity structure. Comparable operating model and integrated customer experience through the Ocean Access program.

Broad incumbents

• Safe Harbor Marinas: Largest U.S. marina and boatyard operator with 100+ properties nationwide. Broad incumbent in the same end market; competes for acquisitions, premium boater customers, and commercial vessel service dollars across regions but does not specialize in Boston Harbor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• Instagraminstagram.com/bostonharborshipyardandmarina

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Boston Harbor Shipyard & Marina