New 2009 Grand Banks

About Grand Banks Yachts

As you see, we take great pride in what we do and work hard to satisfy and support the thousands of Grand Banks yacht owners throughout the world. They are among the most discerning and demanding boaters anywhere--the quality of our work is a direct reflection of their passion for an exceptional yacht, and for an exceptional cruising experience. Every Grand Banks yacht we build is better thanks to the invaluable input of our owners. Each new yacht is also a result of the innovation and improved techniques developed over the course of decades of fine boat building. Our objective is to offer a yacht that matches beauty with performance that is as reliable to operate, as it is delightful to enjoy. A boat that you can cruise aboard for decades and will hold its value over time.


Tradition

One of the leading manufacturers of pleasure crafts for export to USA and Europe, Grand Banks Yachts Limited. (also "Grand Banks" or "GB") was initially established in 1956 as American Marine Ltd., Hong Kong. In 1975, with a change in management, the name of the company was changed to GB Holdings Limited.


In 1987, GB became a public listed company and its shares were traded on the SESDAQ board of the Stock Exchange of Singapore. In 1993, the company was upgraded to the main board of the Stock Exchange of Singapore. In 2004, the listed name was changed to Grand Banks Yachts Limited.


Originally located in Jurong for 31 years, Grand Banks Yachts relocated its operations to its new factory in Loyang in 1999. Today, the company has a factory located in Loyang Crescent and a factory located in the state of Johor, Malaysia. Supported by a total work force of about 1300 employees in Singapore and Malaysia, Grand Banks Yachts has an average production capacity of around 100+ boats per year.


Key Milestones

1956: Company founded as American Marine Ltd. in Hong Kong.
1962: Kenneth Smith commissioned to design Spray, forerunner to the GB36.
1964: Launch of GB36-001 (June). Company would eventually build 1,141 GB36s before retiring the model in 2003.
1965: Launch of GB42-001 (August). More than 1,550 GB42s have been built to this day.
1969: GB32-138 is the first Grand Banks yacht built in new factory in Jurong, Singapore.
1973: GB36-366 marks the first time a Grand Banks yacht is built using fiberglass construction.
1974: Hong Kong yard closed as Grand Banks Yachts ends production of wood-hull yachts.
1975: Company acquired by new management team, headed by Chairman and CEO Robert W. Livingston.
1984: Launch of GB 46-001, which remains in production today with over 280 boats sold.
1987: GB42-1000 launched on April 27. Today the GB42 remains one of the most successful production cruising yachts ever built.
1993: Grand Banks Yachts launches the 38 Eastbay EX, first of the C.R. Hunt-designed Eastbay Series. Since that time Grand Banks Yachts has added new Eastbay models in 40, 43, 47, 49, 54, and 58-foot lengths.
1995: Grand Banks Yachts opens new boatyard in Pasir Gudang, Malaysia, with over 100,000 square feet of space on the factory floor.
1999: Grand Banks Yachts moves Singapore plant from Jurong to Loyang Crescent.
2001: The raised-pilothouse Aleutian Series makes its debut with the 64RP. Over the next four years the Series is expanded to include the 70CP and 59RP models.