Tridock Shipyard Namibia (Pty) Ltd has announced a landmark $728 million investment to develop a state-of-the-art drydock facility in Walvis Bay.
The project aims to strengthen the maritime sector along Africa’s western coast, addressing the growing demand for vessel maintenance and repair services as maritime traffic in the region continues to increase.
In its initial stages, the drydock is projected to generate $150 million (N$2.7 billion) annually, with potential revenue expected to triple within three years of operation.
According to a Mining & Energy analysis, the facility could become a significant contributor to Namibia’s economy and maritime infrastructure.
Spanning 65 hectares, the drydock will accommodate vessels up to 300 meters in length and 50 meters in beam. It will provide round-the-clock services for a range of large-scale vessels, including dredgers, offshore mining ships, and oil rigs.
Strategically located in Walvis Bay, the facility is designed to attract vessels that currently rely on South Africa for maintenance, positioning Namibia as a key player in Africa’s maritime sector.
The project is expected to create up to 1,000 direct jobs and numerous additional opportunities in related industries.
This will drive economic growth, stimulate trade, and support local businesses. A leaked report highlights the project’s alignment with Namibia’s development goals, noting that it will “stimulate local employment, trade, and economic growth, making a substantial contribution to the country’s progress.”
A 2023 market study of vessel traffic along Africa’s southwestern coast revealed an annual potential of 188 vessel repairs, including 85 commercial fleet vessels under 200 meters and 91 vessels between 200 and 300 meters in length.
These findings underscore robust demand for the facility. The project is undergoing Environmental Impact Assessments to ensure compliance with regulatory standards and sustainable development practices.
Construction is scheduled to begin in 2026, with commissioning expected by 2031. Once operational, Tridock Shipyard’s drydock facility is set to position Walvis Bay as a leading hub for maritime services in Africa, offering cutting-edge solutions to support the global shipping industry.
This ambitious venture promises to transform Namibia’s maritime sector, providing world-class capabilities while fostering economic growth and regional competitiveness.
