The Rio Santiago Shipyard is a shipyard located in the city of Ensenada, Buenos Aires Province at the shores of the Santiago River. Currently owned by the Government of Buenos Aires Province, it has been one of the major active and important shipyards in Latin America. Founded in 1953, it has realized diverse functions in the naval, industrial and railroad sectors. In its golden age the shipyard reached 8,000 workers on double shift. In 2008 relies on 2,700 workers.