Waterways Shipyard

What Waterways Shipyard does

Waterways Shipyard Pvt. Ltd. is a privately held, family-owned Indian shipbuilding and maritime services company founded in 1982 in Goa by Capt. H.K. Trehon as a repair yard for inland barges, and re-registered as a Private Limited entity in 1987. It operates a single integrated facility in Udupi, Karnataka — opened in 2009 — comprising 54,500 sq. m. of shipyard area, a 9,000 sq. m. covered pre-fabrication shed, approximately 210m of waterfront, a 130m x 33m drydock, a dedicated 135m x 32m launching slipway, and on-site worker/staff housing for 400 workers, with river-mouth-to-sea access of about 1 km.

The company delivers five interconnected services: shipbuilding (capacity for 6–7 vessels up to 100m in length simultaneously), ship repair (using cutting-edge methods to limit vessel downtime), drydocking, ship management, and maritime consultancy spanning feasibility studies, vessel design, and regulatory compliance. Its operational technology is centred on industrial production — Plasma CNC cutting machines, an Automatic Blasting and Painting Unit capable of 1,800 sq. m/hr, a yard-wide rail grid for vessel transfer, 500 kVA on-site generation, and both traditional side launching and an innovative balloon launching system.

Commercially, Waterways runs a project-based, quote-driven B2B model targeting ship owners, maritime operators, contractors and vendors, with direct inquiry forms and a LinkedIn company page as its primary channels and no public pricing. The founder received a Lifetime Achievement Award from the Governor of Goa in 2014; in 2021 leadership passed to his son Anoop Trehon. The company displays 24 client logos on its website without individually naming them, and discloses no revenue, external investors, partnerships, patents, or AI/ML capabilities.

Name

Waterways Shipyard

Legal name

Waterways Shipyard Pvt. Ltd.

Website

https://waterwaysgoa.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

Waterways Shipyard Pvt. Ltd. is a family-owned Indian shipbuilding and maritime services company, headquartered at its Udupi, Karnataka yard with an origin in Goa (1982). It delivers shipbuilding, repair, drydocking, ship management, and maritime consultancy to ship owners and maritime operators.

Ownership category

akta.pro rank

Product category

Shipbuilding & Maritime Services

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Yard Layout & Production Facilities (Assembly Bays, Block Fabrication Shops, Warehouses) (IMAJALAG)

akta.pro secondary industries

Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA), Launch & Retrieval Infrastructure (Slipways, Cradles, Travel Lifts, Launching Systems) (IMAJALAE), Quay & Waterfront Civil Works (Piers, Quays, Seawalls, Dredging, Revetments) (IMAJALAF), Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists) (IMAJALAD), Utilities & Power Infrastructure (Electrical Distribution, Compressed Air, Steam, Water) (IMAJALAJ)

Keywords

• Shipbuilding services
• Ship repair
• Drydock services
• Marine consultancy
• Vessel construction

Headquarters

HQ city

Vasco Da Gama

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Shipbuilding Services: Custom vessel construction for various maritime applications using state-of-the-art facilities, design precision, and skilled craftsmanship. Revenue generated through project-based contracts for new vessel construction.
2. Ship Repair Services: Comprehensive drydock and repair services for vessels including hull inspections, maintenance, and necessary repairs using cutting-edge methods and tools to limit vessel downtime.
3. Drydock Facilities: Drydock services for vessel repair and rejuvenation at 130m x 33m facility accommodating vessels of diverse sizes for inspection and maintenance.
4. Ship Management Services: Specialized vessel management services ensuring smooth operation, upkeep, and compliance with safety and legal requirements while maximizing efficiency and profitability.
5. Maritime Consultancy Services: Strategic guidance and insightful analysis for maritime operations including feasibility studies, project management, vessel design, and regulatory compliance.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Waterways Shipyard is an integrated Indian shipyard that designs, constructs, repairs, drydocks, manages, and consults on commercial vessels. The company builds up to 6-7 vessels (up to 100m in length) simultaneously at its 54,500 sq. m. Udupi facility, operates a 130m x 33m drydock, and provides ongoing ship management and maritime consultancy to ship owners and maritime operators. Services are delivered directly at the shipyard or at customer locations under project-based B2B contracts.

Product overview

Waterways Shipyard operates as a single, integrated shipbuilding and maritime services platform offering five interconnected core services: Shipbuilding (with capacity for 6-7 vessels up to 100m length), Ship Repair, Drydock Facilities (130m x 33m), Maritime Consultancy, and Ship Management. The company also provides vessel launching capabilities including balloon and side launch methods. These services are delivered through a 54,500 sq. m. yard with 9,000 sq. m. covered pre-fabrication shed, advanced equipment including Plasma CNC Cutting machines and automatic blasting/painting systems, and a team of engineers, naval architects, and experienced artisans.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Limiting vessel downtime through efficient repair services and cutting-edge methods
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves7 records

Expansion highlights3 records

Broad incumbents

• Cochin Shipyard Limited: Cochin Shipyard is India's largest public-sector shipbuilding and ship repair company, dominating Indian naval and commercial new-builds as well as drydocking. It is the benchmark for the broader Indian shipbuilding category in which Waterways operates.
• Hindustan Shipyard Limited (HSL): HSL is an Indian public-sector shipyard offering shipbuilding, ship repair, and refit services. As a multi-service yard comparable in scope (build + repair + drydock) to Waterways, it is a relevant broader-market incumbent.
• Mazagon Dock Shipbuilders Limited: Mazagon Dock is a major Indian public-sector shipyard specializing in naval and commercial vessel construction and refit. As a dominant Indian yard with overlapping new-build/repair services, it is a clear broader-market peer for Waterways.
• L&T Shipbuilding: L&T Shipbuilding is the shipbuilding arm of Larsen & Toubro, a large diversified Indian conglomerate building commercial and defence vessels. It competes for the same Indian new-build and refit demand as Waterways at a much larger scale.
• Garden Reach Shipbuilders & Engineers (GRSE): GRSE is an Indian public-sector shipyard building naval and commercial vessels and providing repair services. As a public-sector yard with comparable service lines, it represents the broader Indian shipbuilding and repair competitive set.
• ABG Shipyard: ABG Shipyard is a large private Indian shipbuilder offering new-build, repair, and offshore vessel construction with substantially greater scale than Waterways, providing a benchmark for what an upscale trajectory could look like for a private Indian yard.

Direct peers

• Mandovi Drydocks: Mandovi Drydocks is a Goa-based private ship repair and light shipbuilding yard with similar size, services (docking, repair, light construction), and west-India regional focus, making it one of the closest direct comparables to Waterways.
• Dempo Shipbuilding & Engineering: Dempo Shipbuilding & Engineering is a Goa-based private Indian shipbuilder historically active in vessel construction and repair, with a similar regional Goa/west-coast footprint and comparable mid-tier private-yard positioning.
• Timblo Drydocks: Timblo Drydocks is a Goa-based private Indian ship repair and shipbuilding operator of comparable scale to Waterways, with overlapping service lines (repair, drydocking, new builds) and a similar mid-sized, family-owned profile in the Indian western-coast maritime cluster.

Regional players

• Greatship (India): Greatship (India) is a private Indian offshore support vessel operator with strong ties to ship management and offshore vessel services. While more offshore-focused, it represents the broader Indian private maritime services space in which Waterways' ship-management arm competes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/waterways-shipyard-pvt-ltd
• Facebookfacebook.com/Waterways-Shipyard-Pvt-Ltd-100068900932389

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Waterways Shipyard