Grand Bahama Shipyard is the world's busiest

Read storyThe Grand Bahama Shipyard services four times as many ships as its closest competitor, making it the world's most productive shipyard, according to the Carnival Corporation.

Speaking at the 11th annual Grand Bahama Business Outlook conference in Freeport, Giora Israel said the GBS represents $200 million worth of investment for Carnival, which owns 80 per cent of the shipyard. The Grand Bahama Port Authority owns the rest.

Israel said GBS is one of the largest electricity users on the island and helps sustain the economy through the rental of housing by shipyard crews.

Full Story in The Tribune here