Shipyard
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.
Ship graveyard
A ship graveyard or ship cemetery is a location where the hulls of scrapped ships are left to decay and disintegrate, or left in reserve. Such a practice is now less common due to waste regulations and so some dry docks where ships are broken (to recycle their metal and remove dangerous materials like asbestos) are also known as ship graveyards.