Shipside Drydock

What Shipside Drydock does

Shipside Drydock Limited is a privately held Nigerian maritime repair and dry-docking facility headquartered in Port Harcourt, Rivers State, with a corporate office in Lagos (Nestoil Towers, Victoria Island). Founded in August 2015, it operates as a subsidiary of the Obijackson Group (with overlapping Nestoil Group affiliation) and targets Nigerian and broader West African ship owners, offshore vessel operators, and government/defense clients.

The company's core technical asset is a 5,000-ton capacity floating dock manufactured by Damen Shipyards of the Netherlands, measuring 110 meters in length with a 32-meter external beam and 26-meter internal beam, complemented by three 15-ton cranes with 35-meter reach and eight specialized workshops covering blasting/painting, propulsion systems, engine works, electrical and navigation systems, steel renewal, tank cleaning, rig upgrades, load testing, firefighting system servicing, scaffolding, and accommodation refurbishment. The facility operates to international SHEQ standards and serves vessels up to the dominant size class on the West African coast.

Revenue is generated primarily through project-based dry-docking contracts priced at $300,000–$500,000 per vessel, with ancillary repair scope and larger offshore/naval projects lifting average ticket size. Customer acquisition is sales-led, driven by direct engagement with ship owners, industry referrals from a base of 400+ previously serviced vessels, and stakeholder outreach to NIMASA and the Ship Owners Association of Nigeria. Headcount is 51–100 employees, 96% Nigerian, supporting local-content requirements.

Name

Shipside Drydock

Legal name

Shipside Drydock Limited

Website

https://shipside-drydock.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Shipside Drydock Limited is a Nigerian maritime repair facility in Port Harcourt that operates a 5,000-ton Damen-built floating dock and eight workshops to deliver dry-docking, maintenance, and upgrade services for ship owners, offshore operators, and naval clients across Nigeria and West Africa.

Ownership category

akta.pro rank

Product category

Maritime Ship Repair and Dry-Docking Services

NAICS

Ship Building and Repairing (336611)

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), Engine & Mechanical Overhaul (Main/Aux Engines, Pumps, Valves, Compressors) (TLAHAMAD), Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA)

Keywords

• Ship dry-docking
• Marine vessel repair
• Offshore vessel maintenance
• Shipyard services
• Floating dock operations

Headquarters

HQ city

Port Harcourt

HQ country

Nigeria

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Ship Dry-Docking Services: Dry-docking services for vessel repairs and maintenance. Charges range from $300,000 to $500,000 for standard dry-docking per vessel. Additional costs for towing to international destinations range from $500,000 to $1.8 million depending on vessel size.
2. Marine Repair and Maintenance Services: Comprehensive repair services including blasting and painting, propulsion systems, propeller works, engine works, rigging, bow thrusters, rudder systems, piping systems, electrical systems, navigation equipment, steel renewal, tank cleaning, and deck equipment repairs.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Shipside Drydock operates a 5,000-ton capacity floating dock facility in Port Harcourt, Nigeria, providing dry-docking, ship repair, maintenance, and vessel upgrade services for marine and offshore vessels. The facility, built by Damen Shipyards of the Netherlands, is complemented by eight specialized workshops covering the full repair lifecycle including hull blasting and painting, propulsion, engine, electrical, navigation, steel renewal, tank cleaning, and rig upgrades.

Product overview

Shipside Drydock is a ship repair and dry-docking facility offering a comprehensive suite of maritime maintenance services. The company operates a 5000-ton capacity floating dock (sourced from Damen Shipyards, Holland) complemented by eight state-of-the-art workshops at their Port Harcourt facility. Services span the full repair lifecycle including blasting and painting, propulsion system maintenance, engine works, electrical systems, steel renewal, tank cleaning, rigging upgrades, and specialized services like load testing and firefighting system servicing. The company targets vessel owners seeking to avoid expensive foreign dry-docking, positioning itself as West Africa's emerging dry-docking hub.

Differentiator

Problem solved

Functional benefit

Products and services

• Ship Dry-Docking Services Dry-docking services for vessels up to 5,000-ton capacity using a 110-meter floating dock with 32m external beam and 26m internal beam, enabling inspection, cleaning, and repair of submerged hull portions. Targeted at ship owners and operators in Nigeria and West Africa seeking to avoid expensive international towing.

Quantifiable outcome

• Serviced over 400 vessels since 2015, reducing need for international dry-docking
• +2 more outcomes

Named customers13 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

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Damen Shipyards HollandcoreStrategic or Co-development Partner · 1 January 2015Damen Shipyards Holland supplied the 5000-ton capacity floating dock facility. This partnership positioned Shipside Drydock as a leader in the maritime sector of the Nigerian market and set it to be the West African dry-docking hub. The facility was constructed by Damen Shipyard of the Netherlands and delivered in 2015.
• Obijackson GroupcoreOthersShipside Drydock Limited is one of the subsidiaries of the Obijackson Group, one of Sub-Saharan Africa's fastest growing conglomerates. The parent company invested millions of dollars into the facility's construction and development.
• Nestoil GroupcoreOthersShipside Drydock is identified as a subsidiary of the Nestoil Group. The company is located in the Nestoil Industrial Area in Port Harcourt, Rivers State, Nigeria. The corporate office is at Nestoil Towers on Victoria Island, Lagos.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Abu Dhabi Ship Building (ADSB): UAE shipbuilder and repairer serving naval, commercial and offshore clients in the Middle East and West Africa; comparable in offering newbuild, maintenance and conversion work for offshore vessels.
• Sembcorp Marine: Major Singapore shipyard group (now part of Seatrium) operating large repair yards serving offshore, drilling and commercial vessels; sets the international benchmark for ship repair pricing and capacity that African owners benchmark against.
• Damen Shipyards: Dutch global shipbuilder that supplied Shipside's 5000-ton floating dock and operates a worldwide network of shipyards including repair yards; a broader incumbent that competes for larger-vessel work and provides the underlying technology platform.
• Lamprell: UAE-based provider of offshore rig and vessel construction, refurbishment and repair services; competes for offshore vessel work from the same West African oil & gas customer base.
• Dubai Drydocks: UAE-based ship repair and conversion facility (now part of Maritime World) operating one of the Middle East's largest graving docks; competing destination for large-vessel dry-docking for Nigerian and West African owners.
• Seatrium (formerly Keppel Offshore & Marine): Singapore-based global shipyard operator with extensive ship repair and conversion capabilities; competes for the same class of offshore support vessels Shipside services, particularly those exceeding 5000 tonnes.

Direct peers

• Niger Star 7: Lagos-based Nigerian shipyard providing shipbuilding, repair and dry-docking services for oil & gas and commercial vessels; the closest domestic competitor to Shipside, competing for the same regional fleet of offshore and coastal vessels.
• Niger Dock: Lagos-based shipyard and fabrication yard offering vessel repair, dry-docking and offshore fabrication services; directly comparable Nigerian peer serving similar oil & gas and commercial customers.

Regional players

• ASRY (Arab Shipbuilding & Repair Yard): Bahrain-based ship repair and shipbuilding yard operating graving and floating docks; a regional Middle Eastern counterpart that draws vessel repair work from West Africa owners seeking international alternatives.
• Tema Shipyard: Ghana-based ship repair facility at Tema serving West African commercial and fishing fleets; a regional peer competing for coastal and fishing vessel repair work across the Gulf of Guinea.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Shipside Drydock