Transfer of Ownership Commences at Grand Bahama Shipyard

Due to a revised ownership structure for a recently opened ship repair yard in Freeport, Grand Bahama, the yard, which had been previously known (on two separate occasions) as Freeport Ship Care Facility and Lloyd Werft Grand Bahama, has been renamed Grand Bahama Shipyard.

The yard commenced operations in September 2000 under the supervision of Germany's Lloyd Werft, who ultimately decided to withdraw from the project due to an increased workload at its main Bremerhaven yard. The largest single shareholder in the new company will be the Grand Bahama Port Authority- The yard opened for business last year, subsequent to a totally refurbished panamax floating dock had been installed.

With a lifting capacity of 30,000 tons and clear internal dimensions of 879 x 110 ft. (268 x 33.5 m), the dock is fully equipped to provide services to all types of vessels and is fitted with two 25-ton cranes. The yard also boasts two 984 ft.

(300-m) wet berths with 46 ft. (14-m) draft alongside, a new workshop complex and full supporting infrastructure.

Located less than 100 miles from Miami, Fla. on the island of Grand Bahama, the yard has completed repairs on more than 30 vessels including 10 successful dry dockings on cruise vessels, ferries, containerships, bulk carriers and casino boats. Aside from the ship repair facility, the island of Grand Bahama itself is undergoing a significant restructuring period, which is exemplified by the rapidly expanding harbor. The island has a cruise terminal, RoRo terminal and container port capable of handling one million teu annually, as well as an oil trans-shipment and storage facility with deepwater offshore piers.

One of the yard's recent jobs was the dry docking of Norwegian Cruise Lines' Norwegian Wind, which has given other major cruise operators reason to check into this new facility, as it would be useful for some of their vessels operating on Caribbean itineraries.

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Maritime Reporter Magazine, page 12, Jun 2001

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.