Chantiers Navals Francais Societe Anonyme - French Ship Building Stock CertificateInv# FS1990 Stock
Stock. Paris, France. "French Shipyards".
The yard closed in 1954.
A shipyard (also called a dockyard) is a place where ships are built and repaired. These can be yachts, military vessels, cruise liners or other cargo or passenger ships. Dockyards are sometimes more associated with maintenance and basing activities than shipyards, which are sometimes associated more with initial construction. The terms are routinely used interchangeably, in part because the evolution of dockyards and shipyards has often caused them to change or merge roles.
Countries with large shipbuilding industries include Australia, Brazil, China, Croatia, Denmark, Finland, France, Germany, India, Ireland, Italy, Japan, the Netherlands, Norway, the Philippines, Poland, Romania, Russia, Singapore, South Korea, Sweden, Taiwan, Turkey, Ukraine, the United Kingdom, the United States and Vietnam. The shipbuilding industry is more fragmented in Europe than in Asia where countries tend to have fewer, larger companies. Many naval vessels are built or maintained in shipyards owned or operated by the national government or navy.
Shipyards are constructed near the sea or tidal rivers to allow easy access for their ships. The United Kingdom, for example, has shipyards on many of its rivers.
The site of a large shipyard will contain many specialised cranes, dry docks, slipways, dust-free warehouses, painting facilities and extremely large areas for fabrication of the ships. After a ship's useful life is over, it makes its final voyage to a shipbreaking yard, often on a beach in South Asia. Historically shipbreaking was carried on in drydock in developed countries, but high wages and environmental regulations have resulted in movement of the industry to developing regions.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.