Thórshavnar Skipasmiðja Ltd., the shipyard in capital Thórshavn, was established in 1963. The company is family owned.
Thórshavnar Skipasmiðja Ltd. is one of the largest shipyards in the Faeroes. Its central position has partly made it the profile of the country's capital.
The shipyard has through the years built 35 vessels, five being built of timber and 30 of steel.
Today the shipyard has its own computerized development and design centre, and is specializing in design of wetfishtrawlers and longliners.
The yard is very well equipped with new and modern facilities for maintainance, conversions and newbuilding construction.
Working berth 2*80m
* Slipway 80m x 14,8m 2,500 ton
* Slipway 80m x 10,6m 1,000 ton
* Construction Hall 56m x 30m x 11,3m
* Construction Hall 30m x 13m x 8m
* 3x Mobile Cranes per 35 ton
* 3 Manlifts.
In this small country, Thórshavnar Skipasmiðja is an important employer, currently giving work to 120 to 160 people in the electrical, machinery, carpentry and steel workshops.
Managing director is Mr. Poul Mohr.