Origin and ownership
Grand Banks was founded in 1956 in Hong Kong. Production moved to Singapore and later to Malaysia. The company is publicly traded on the Singapore exchange.
The Eastbay sport-yacht line was added in the early 2000s as the brand diversified beyond pure trawler production.
Design philosophy
Grand Banks GB-Class uses semi-displacement hull form (typically 8 to 14 degrees at the transom) optimized for sustained slow-speed cruising at 9 to 12 knots.
Eastbay uses planing hull form (typically 17 to 19 degrees at the transom) designed for coastal cruising at higher speeds.
Used-market notes and known issues
Cummins QSM-11 and QSL-9 service intervals on GB-Class hulls are 250 hours, replace fuel filters annually.
Volvo IPS sail-drive seal pattern on Eastbay 44 hulls warrants inspection at five years.
Teak deck wear on GB-Class hulls is a documented cost item, refit runs $40,000 to $70,000.
Dealer network concentrated in Pacific Northwest, East Coast, and East Asia.
Resale
Grand Banks holds resale tightly in the heritage luxury trawler segment. Three-year depreciation runs 8 to 14 percent on GB-Class hulls. Five-year depreciation runs 18 to 25 percent.
Where Grand Banks fits
Buyers cross-shop Grand Banks against Nordhavn, Selene, and Kadey-Krogen on the long-range trawler segment. The argument is heritage build discipline at the segment top.
