In March of 2008 Grand Bahama Shipyard Limited acquired a new third floating dry dock as another key element in its aggressive expansion program. The agreement was finalized on March 18th, between Grand Bahama Shipyard Limited and the French government for the purchase of the floating dry dock formerly used at the port of Le Havre, France. This acquisition is part of the very aggressive expansion of the successful shipyard. Overall the shipyard plans to spend approximately 50 million US dollars on the expansion.

Grand Bahama Shipyard Limited was opened only 7 years ago, and has already grown rapidly in its first years of operations. With increasing demand from several market segments, the need for additional expansion has become urgent and the shipyard is ready for another transformation. The new dock, combined with expansion of the supporting areas, will substantially increase the overall capacity of the yard. Judging by the interest from the market place the yard will be fully booked for the foreseeable future.

DRY DOCK 3 Length 300 meters Width 54 meters Lift Capacity 50,000 tonnes

IN OPERATION BY THE END OF THE YEAR. The dock is currently undergoing preparation for towing. The lifting cranes are being removed and the sides are being reinforced. It is scheduled to arrive at Grand Bahama Island in August, and should be in fully operational by November 2008. "This dock, which was originally built in Finland, has been very well maintained by the French" comments David Dalgleish, "and once we re-install the cranes we should be ready to put our first ship in the dock."

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