The shipyard has 9 berths, 3 docks and 2 slipways on the banks of Daugava river channels.

Established in 1913, the enterprise was decimated by both world wars, although revived both times afterwards.

[2] During the Soviet occupation, the shipyard was called the Riga Ship Repair Factory (Rīgas Kuģu remonta rūpnīca, RKRR).

The Riga Shipyard has repaired more than 100 seagoing vessels per year and has built more than 150 hulls, some partially outfitted, since 1997.

[6] The football club FK Jūrnieks was originally founded as the shipyard's official team.