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Grand Banks Yachts pushes full steam ahead to capture wave of demand

After taking advantage of the pandemic to retool its processes, the shipbuilder is ready to handle a flood of new customers

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Benjamin Cher

Benjamin Cher

Published Mon, Jul 10, 2023 · 05:00 AM
    • The pandemic nudged Grand Banks into rethinking its processes and making them more efficient, says CEO Mark Richards.
    • The pandemic nudged Grand Banks into rethinking its processes and making them more efficient, says CEO Mark Richards. PHOTO: GRAND BANKS YACHTS

    WHEN Covid-19 caused the shipyard in Pasir Gudang in Johor Bahru to close for 12 weeks in 2021, it might have sounded like a death knell for bespoke ship builder Grand Banks Yachts.

    Without the yard, there was no way for the mainboard-listed company to continue work on its current orders – let alone take on new ones.

    But it turned out to be a blessing in disguise for Grand Banks, chief executive officer Mark Richards said. With the shipyard closed, the company had time to take a closer look at its processes, and retool itself for better efficiency.

    ToplineGrand Banks Yachts

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