# Tenerife Shipyards floating dry dock development > Live situation record from CLSTR: https://clstr.news/situations/tenerife-shipyards-floating-dry-dock-development > Updated: 2026-09-28T11:56:51.000Z. Sources: 14. Developments: 2. Tenerife Shipyards has advanced the development of its new Hidramamar Ultra 22000 floating dry dock in the Port of Santa Cruz de Tenerife. Following an official inauguration attended by the Government Delegate in the Canary Islands, the project represents a 40.7 million euro investment, with half of the funding provided by the Spanish government and the European Union’s Feder program. The facility, which measures 240 meters in length, is designed to double the Canary Islands’ previous maximum repair capacity by accommodating Panamax-sized vessels up to 22,000 deadweight tons. Subsequent technical milestones included the successful completion of immersion testing in the port’s Eastern Basin. This test verified the structure’s watertightness, hydrostatic response, and the functionality of its pumping system. The project is expected to generate approximately 150 direct and 300 indirect jobs. ## Timeline ### 2026-09-28: Valenciaport advances renewable energy integration and digital marine monitoring Valenciaport is integrating floating solar and wave energy into its grids via the RENMARINAS project, while the Port of Barcelona develops an AI-powered underwater digital twin to monitor marine ecosystems. 12 sources. https://clstr.news/cluster/tenerife-shipyards-completes-immersion-test-for-new-floating-dry-dock ### 2026-09-09: Tenerife Shipyards launches new Hidramar Ultra 22000 floating dry dock Tenerife Shipyards will begin operating the Hidramar Ultra 22000 floating dry dock on September 18, doubling the Canary Islands' naval repair capacity for large Panamax vessels. 3 sources. https://clstr.news/cluster/tenerife-shipyards-launches-new-hidramar-ultra-22000-floating-dry-dock --- Cite as: Tenerife Shipyards floating dry dock development. CLSTR, https://clstr.news/situations/tenerife-shipyards-floating-dry-dock-development