Fayard

What Fayard does

Fayard A/S is a privately held, third-generation family-owned Danish ship repair yard, founded in 1916 as Fredericia Shipyard A/S and relocated in 2010 to the Lindø industrial peninsula on Odense Fjord (Kystvejen 100, DK-5330 Munkebo). The yard operates four large-scale dry docks, including Dock 3 (335/415m x 90m) covered by a 1,200-tonne gantry crane spanning 100,000 m2, plus 700 meters of working berth and high-capacity utility connections. It services over 100 vessels per year across RoRo, container, chemical/product tankers, crude oil tankers, bulkers, ferries, cruise, LNG/LPG tankers, governmental vessels, jack-ups, and semi-submersibles.

Service lines span six functional pillars: (1) maintenance and class surveys; (2) ship repair; (3) conversions (cable-laying, single-to-double hull, lengthening, accommodation, life extension); (4) BWTS, scrubber, and other retrofits; (5) membrane LNG carrier maintenance and repair under a Technical Service Agreement with GTT, delivered through a dedicated Cryogenic Workshop; and (6) rig life extension, structural integrity verification, and EU-regulated ship and offshore decommissioning. The operational model is positioned as a "pit stop yard" with work commencing 3-4 hours after vessel arrival, supported by a custom IT Permit-to-Work system capable of handling 500+ concurrent work permits. ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, DNV class surveyors on-site, and EU Ship Recycling Regulation No. 1257/2013 approval underpin delivery.

Go-to-market is enterprise field sales to ship owners, operators, and offshore majors, with pricing conducted on a quote basis under the BIMCO REPAIRCON contract and Danske Maritime General Conditions. Each project is owned by a dedicated project manager. Distribution combines direct vessel arrivals at the Lindø facility with indirect routing through shipping agents (Shipping DK, Fredericia Shipping, Blue Water Shipping, GAC Denmark) and overflow berth rentals to new-building yards. Customer segments are horizontal across shipping, offshore oil & gas, LNG/FSRU operators, and governmental fleets. Revenue is not publicly disclosed; the company remains private under the Andersen family (CEO Thomas Andersen) with no institutional investors or external funding events documented.

Name

Fayard

Legal name

FAYARD A/S

Website

https://fayard.dk

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

101–250 employees

Short description

Fayard A/S is a third-generation, family-owned Danish ship repair yard on Odense Fjord operating four large-scale dry docks that deliver maintenance, conversions, BWTS and LNG retrofits, rig life extension, and EU-approved decommissioning to global shipping and offshore operators.

Ownership category

akta.pro rank

Product category

Ship Repair and Maintenance Services

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Commercial Ship Repair & Drydocking (TLAKAKAA)

akta.pro secondary industries

Retrofits & Modernization (Scrubbers, Ballast Water, Alternative Fuels, Energy-Saving Devices) (IMAJAFAH), Marine Retrofit, Conversion & Life-Extension (Class/Regulatory Upgrades) (TLAKAKAK), Naval & Government Vessel Maintenance & Modernization (TLAKAKAB), Piping, HVAC & Auxiliary Systems Repair (TLAKAKAH)

Keywords

• Ship repair services
• Vessel dry docking
• Ship conversion retrofits
• Ballast water treatment
• Membrane LNG carriers

Headquarters

HQ city

Munkebo

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Ship Repair Services: FAYARD generates revenue through comprehensive ship repair services including dry docking, maintenance, and surveys. They service over 100 vessels per year across multiple vessel segments.
2. Ship Conversion and Retrofit: Revenue from vessel conversions including cable laying vessels, single to double hull conversions, vessel lengthening, accommodation projects, lifetime extensions, and retrofits of systems like scrubbers, ballast water treatment systems, and cone mountings.
3. Rig and Jack-up Services: Life time extension services for rigs and jack-ups including refurbishment work, structural integrity verification, renewal surveys, and decommissioning of obsolete platforms.
4. Membrane LNG Carrier Maintenance: Technical service agreement services for membrane LNG carriers and FSRUs under GTT certification, including cryogenic workshop services.
5. Shipyard Services and Rentals: Additional revenue from dock and berth rental, warehousing and cargo handling, workforce rental for electrical, hydraulic and mechanical repairs, crane and heavy load transport, and waste water discharge services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Fayard A/S provides ship repair, periodical maintenance, vessel conversion, retrofit (including ballast water treatment systems and scrubbers), membrane LNG carrier service, rig and jack-up life extension, and sustainable decommissioning from its 4-dry-dock yard at Odense Fjord, handling more than 100 vessels per year across container, tanker, RoRo, RoPax, LNG/LPG, bulk, offshore and government segments.

Product overview

FAYARD A/S is a large, modern ship repair yard offering an integrated suite of vessel maintenance, repair, conversion, and decommissioning services. The core offering comprises ship repair and maintenance/surveys services, supplemented by specialized capabilities in ballast water treatment system retrofits, membrane LNG carrier service (via GTT partnership), rig life time extension, and sustainable decommissioning. The company operates 4 large-scale dry docks and 700 meters of working berth, supported by facilities including a 1,200 tonne gantry crane and cryogenic workshop. Operational frameworks centered on HSE&Q compliance and rapid turnaround ('pit stop yard' model) underpin all service delivery.

Differentiator

Problem solved

Functional benefit

Products and services

• Maintenance and Surveys Periodical maintenance and classification survey services that ensure vessels meet operational requirements and comply with classification rules and regulations, delivered within short time schedules by dedicated project managers.
• Ship Repair Repair services for any kind of vessel damage with short lead times, high quality, and minimum docking time, executed by dedicated project managers.
• Conversion Vessel conversion services including cable-laying vessel conversions, single to double hull conversions, vessel lengthening, accommodation projects, and lifetime extensions.
• Ballast Water Treatment (BWTS) Retrofit Tailored retrofit solutions for Ballast Water Treatment Systems compliance with the IMO BWM Convention, covering desktop survey, 3D laser scanning, installation design, and commissioning assistance.
• Membrane LNG Carriers Service Technical Service Agreement maintenance and repair services for membrane LNG carriers (incl. FSRUs) delivered under GTT certification, supported by a fully operational cryogenic workshop.
• Rig and Jack-Up Life Time Extension Rig refurbishment services including steelwork replacement, rotating equipment servicing, living-quarters enhancement, crane overhauls, and structural integrity verification for jack-ups and semi-submersibles.
• Decommissioning and Ship Recycling Sustainable decommissioning and recycling of ships, vessels, structures, floaters, rigs and jack-ups, handling thousands of tonnes of steel and metals in compliance with EU Regulation No. 1257/2013 at an EU-listed recycling facility.

Quantifiable outcome

• Start working on vessels only 3-4 hours after arrival
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Gaztransport & Technigas SA (GTT)coreTechnology or IntegrationFAYARD has a Technical Service Agreement for Maintenance & Repair of Membrane LNG Carriers with GTT. This partnership enables FAYARD to service LNG carriers and FSRUs with the required set-up, equipment, and a large fully operational Cryogenic Workshop. FAYARD holds GTT certification for LNG maintenance and repair services.
• Det Norske Veritas (DNV)coreTechnology or IntegrationClassification surveyors from Det Norske Veritas are present at FAYARD's industrial facility and are certified to document that vessels, components, and machinery are maintained according to standards required for class.
• Bureau Veritas (BV)coreTechnology or IntegrationFAYARD's quality management system is certified by Bureau Veritas. The ISO 9001:2015 quality system covers all processes in the yard and is certified by BV.
• LiebherrminorStrategic or Co-development PartnerFAYARD A/S and Liebherr collaborated to extend the crane boom on Blue Tern offshore vessel by 12 meters, demonstrating joint capability in offshore vessel modifications.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Damen Shipyards Group: Dutch global shipbuilding group with extensive ship repair, conversion, and refit yards across Northwest Europe. Directly comparable to Fayard in vessel MRO, refits, and lengthening/retrofit work for commercial and naval clients.
• Blohm+Voss: Hamburg-based shipyard with ship repair, conversion, and complex refit capabilities including LNG and naval work. Comparable to Fayard in serving North European shipping with high-complexity MRO projects.
• Remontowa Shipbuilding: Poland's largest ship repair yard with extensive dry dock capacity, offshore vessel MRO, and ship conversion capabilities. Closest geographic and capability competitor to Fayard in the Baltic/North European MRO market.
• Havyard Ship Technology: Norwegian shipyard with ship design, newbuilding, and service/repair capabilities for offshore and specialized vessels. Comparable to Fayard's offshore and rig life-extension services for North Sea operators.
• Karstensen Skibsværft: Danish family-owned shipyard offering newbuilding, repair, and conversion services in Scandinavia. Operates in adjacent geographies and overlaps with Fayard on ship repair and fishing/commercial vessel conversions.
• ASRY (Arabian Shipbuilding & Repair Yard): Bahrain-based commercial and naval ship repair yard with multiple dry docks serving global tanker and LNG fleets. Comparable to Fayard in commercial MRO and large-vessel repair scope, with similar dry-dock capacity profile.

Broad incumbents

• Sembcorp Marine: Singapore-based global shipbuilding and offshore engineering group offering ship repair, conversion, and rig MRO services. A much larger incumbent with overlapping LNG/newbuilding capabilities against which Fayard competes for tanker/LNG MRO.
• Fincantieri: Italian global shipbuilding group with cruise, naval, and offshore vessel capabilities including ship repair operations. A broad incumbent with overlapping conversion and refit capabilities against which Fayard competes on complex European MRO.

Regional players

• Astican: Spanish shipyard in Las Palmas specializing in ship repair, maintenance, and conversion for Atlantic shipping. Comparable MRO services and vessel types to Fayard, though serving a different (Atlantic/African coast) trade lane.

Others

• DESMI: Danish manufacturer of marine pumps, fluid handling, and BWTS systems. Adjacent rather than directly competitive - DESMI supplies ballast water treatment equipment that Fayard installs as a retrofit, creating a complementary relationship in the BWTS retrofit chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

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Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Fayard