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 management
Most management companies provide the owner or operator with crew on board. When the ship comes out of the shipyard (where the ship is built) the management company takes it over providing technical support to the owner. Most Management companies also offer other services like inspection prior to purchase, supervision during building, crew management and supply and ship lay-up solutions.