GERMANY SHIPBUILDING 20 OCT 25_EN

This Week's News

• Reuters – Thyssenkrupp renegotiates 10 billion euros in unit TKMS' guarantees before spin-off – 14/10/2025

Warship maker TKMS has renegotiated terms of project guarantees it gets from parent Thyssenkrupp, according to a prospectus ahead of TKMS' separate listing, indicating tougher conditions as the business prepares for a stand-alone future.

For the complete story, see:

Thyssenkrupp renegotiates 10 billion euros in unit TKMS' guarantees before spin-off | Reuters

• Economic Times – India plans to scrap additional Scorpene submarine order, may pick ThyssenKrupp as partner – 14/10/2025

India is planning to scrap the 36,000 crore follow-on deal with France for three Scorpene submarines in addition to the existing six in the Indian Navy’s under-water fleet.

For the complete story, see:

• French out, German in: India plans to scrap additional Scorpene submarine order, may pick ThyssenKrupp as partner - The Economic Times
• Cruise and Ferry – Meyer Werft delivers Disney Destiny to Disney Cruise Line – 16/10/2025

Meyer Werft has delivered Disney Destiny to Disney Cruise Line following the completion of construction and sea trials.

For the complete story, see:

CruiseandFerry.net > articles

• Other Stories
• NDR – Neptun Werft delivers further river cruise vessel to Viking – 15/10/2025
• IG Metall – Shipbuilding survey: Shipyards looking optimistically into the future – 10/10/2025

Media Releases

• RHEINMETALL – RHEINMETALL REACHES AGREEMENT WITH LUERSSEN GROUP ON ACQUISITION OF NVL – 27/08/2025
• MEYER WERFT - MEYER WERFT welcomes new apprentices – 27/08/2025

Latest Research

Australianised military off-the-shelf: Australia’s naval ship design ethos and the Anzac Class frigates

Richard Dunley

Marine Policy

Volume 161, March 2024, 106003

Industry Overview

Leading Company Overview

Blohm+Voss

Fassmer

Flensburger Schiffbau-Gesellschaft (FSG)

German Naval Yards Holdings

Lloyd Werft

Lürrsen

Meyer Werft

MV Werften

Thyssenkrupp Marine Systems (TKMS)

News and Commentary

• Reuters – Thyssenkrupp renegotiates 10 billion euros in unit TKMS' guarantees before spin-off – 14/10/2025

Warship maker TKMS has renegotiated terms of project guarantees it gets from parent Thyssenkrupp, according to a prospectus ahead of TKMS' separate listing, indicating tougher conditions as the business prepares for a stand-alone future.

For the complete story, see:

Thyssenkrupp renegotiates 10 billion euros in unit TKMS' guarantees before spin-off | Reuters

• Economic Times – India plans to scrap additional Scorpene submarine order, may pick ThyssenKrupp as partner – 14/10/2025

India is planning to scrap the 36,000 crore follow-on deal with France for three Scorpene submarines in addition to the existing six in the Indian Navy’s under-water fleet.

For the complete story, see:

• French out, German in: India plans to scrap additional Scorpene submarine order, may pick ThyssenKrupp as partner - The Economic Times
• Cruise and Ferry – Meyer Werft delivers Disney Destiny to Disney Cruise Line – 16/10/2025

Meyer Werft has delivered Disney Destiny to Disney Cruise Line following the completion of construction and sea trials.

For the complete story, see:

CruiseandFerry.net > articles

• NDR – Neptun Werft delivers further river cruise vessel to Viking – 15/10/2025

Rostock’s Neptun Werft has delivered an additional river cruise vessel to Switzerland’s Viking River Cruises. The “Viking Honir” is 135 metres long and offers berths for almost 200 passengers. The new vessel forms part of a series of 10 river cruise ships that the shipyard is contracted to deliver to Viking River Cruises.

For the complete story, see:

Rostocker Neptunwerft übergibt weiteres Flusskreuzfahrtschiff | ndr.de

Media Releases

• RHEINMETALL – RHEINMETALL REACHES AGREEMENT WITH LUERSSEN GROUP ON ACQUISITION OF NVL – 27/08/2025

• Strategic acquisition: Rheinmetall intends to take over Naval Vessels Lürssen (NVL), Bremen
• Formal conclusion sought in the short term
• Transaction subject to regulatory approval
• Closing planned for early 2026
• Important step in consolidating European defence industry

The Düsseldorf-based technology group Rheinmetall has agreed with the Lürssen Group on the key terms of an acquisition of Naval Vessels Lürssen (NVL B.V. & Co. KG, Bremen-Vegesack), the military division of the long-established Bremen shipyard, and all its subsidiaries. The parties intend to formally conclude the transaction in the near future. Subject to approval by the relevant antitrust authorities, the parties are aiming to complete the acquisition in early 2026.

Both parties have agreed not to disclose the purchase price.

With this significant strategic acquisition, Rheinmetall is expanding its portfolio to include naval shipbuilding and strengthening its position as a leading supplier of defence technology in Germany and Europe.

Armin Papperger, CEO of Rheinmetall AG: “In future, we will be a relevant player on land, on water, in the air and in space. Rheinmetall is thus developing into a cross-domain system house”.

Friedrich Lürßen, Managing Partner of Lürssen Maritime Beteiligungen GmbH & Co. KG: “We are delighted to have found a trustworthy and strong partner in Rheinmetall, which can secure a successful future for NVL and its employees.”

Over decades, Rheinmetall has established itself as a renowned supplier worldwide, particularly in the field of army technology, but for many years it has also been a proven partner to the naval forces of numerous countries in the maritime sector. Rheinmetall already offers a selected range of modern system components for naval applications and is a leading global supplier, particularly of simulation solutions and naval protection systems.

Armin Papperger: “With the newly agreed acquisition, we are taking a decisive step forward in consolidating the defence industry in Germany and Europe. Combined with Rheinmetall’s expertise, we are creating a vital German powerhouse for state-of-the-art vessels. The combined capabilities of Rheinmetall and NVL will generate mutual growth and thus strengthen our corporation’s position in the naval sphere. At the same time, we are making a substantial contribution to strengthening the naval defence capabilities of Germany and its NATO allies”.

The current conflict situation reveals that military enforcement capabilities are also becoming increasingly important in the naval sector. Rheinmetall intends to meet the massive increase in demand from naval forces and rising procurement budgets with high-performance system solutions which feature a highly modern digital infrastructure and cover the entire spectrum – from platforms and electronics to sensors and effectors.

NVL is a privately-owned shipyard group with four shipyards in northern Germany (Peene-Werft/ Wolgast, Blohm+Voss and Norderwerft/ Hamburg, Neue Jadewerft/ Wilhelmshaven) as well as international locations. It employs around 2,100 people worldwide, generated sales of around €1 billion in the 2024 financial year and is considered a pioneer in the research and development of autonomous maritime surface systems. Since its beginnings around 150 years ago, NVL has built around 1,000 ships at its shipyards and delivered them to over fifty different navies and coast guards. It is an established player in both military shipbuilding and ship maintenance and repair. Formerly known as Lürssen Defence, NVL was separated from the yacht division in 2021 and continued as an independent company within the family-run Lürssen Group. NVL supports fleets throughout their entire life cycle, helping to keep the German Navy and navies worldwide ready for action at all times.

Armin Papperger: “This acquisition will not only make us a manufacturer of floating platforms.

As an integrated naval powerhouse, we want to offer complete system solutions. In future programmes, we will provide our customers with all high-quality components from our partner network, delivered as an integrated solution from a single source: naval missiles and launchers, main and secondary guns for the navy, missile defence, sensors and other electronics. For combat management systems, we want to enable the integration and Germanisation of existing solutions from our partner network”.

A key factor for Rheinmetall’s success is that the corporation already has excellent market access in the global naval sector, maintains a strong presence in international markets, and enjoys the trust of its customers

Another advantage for Rheinmetall derives from the expansion of production capacities and the extension of the corporation’s industrial base in northern Germany. Synergy effects are expected, particularly regarding the vehicle production by Rheinmetall’s Vehicle Systems division, which operates sites in Kiel and Flensburg, among other locations, based on shared material and technology expertise.

NVL’s shipyards offer the opportunity to utilise existing heavy infrastructure, employee expertise and equipment capabilities to strengthen Vehicle Systems production and create capacity reserves for the future in the automotive sector. This enables Rheinmetall to minimize excessive infrastructure investments or extensive conversions of other production lines.

• MEYER WERFT - MEYER WERFT welcomes new apprentices – 27/08/2025

MEYER WERFT welcomes 47 new apprentices and dual students as well as six technical college interns for the new training year. Starting on 1 September, they will begin their training in 14 different occupations at MEYER WERFT and the MEYER WERFT Group companies EMS PreCab and EMS Maritime Services. Yesterday evening, they were officially welcomed to the shipyard by their trainers, the works council and the management.

For the first time, EMS Maritime Services will be offering training in the profession of freight forwarding and logistics services clerk from 1 September. A total of 178 trainees and dual students are currently working at MEYER WERFT. Since 2015, a total of around 650 trainees and dual students have been trained at the shipyard and its subsidiaries. ‘MEYER WERFT is one of the largest training companies in our region. We need young skilled workers and are delighted that so many young people are interested in working at our shipyard,’ says Erwin Siemens, training manager at MEYER WERFT.

A total of 481 applications were received for the training year that is now beginning.

‘We are proud that we are in such high demand and that we have been able to fill all the vacant training places for the new year. We need a qualified team of future specialists who will accompany us with passion and commitment on the path to the future of MEYER WERFT,’ said Managing Director Bernd Eikens.

The new trainees are:

Industrial mechanics, mechanical and plant engineering: Till Sprenkel, Jakob Mülder, Silas Efken.

Mechatronics engineers: Jarne Bent Kettler, Jannes Hüttinga, Simon Wedel, Tobias Röntzsch

Technical product designers: Ole Hochel, Leon Stöckel, Enna Husmann, Malte Arns

Construction mechanics, field of application: equipment technology: Alexander Maurer, Jason Wagner, Maik Rosenke, Sebastian Wolthuis, Andre Boxhorn, Bennet Klotzbach

Construction mechanics, field of application: welding technology: Linus Resing, Sascha Litzenberger

Construction mechanics, field of application steel and metal construction: Simon Willms, Jonas Elias Focken, Christos Karasaridis, Nils Closson

Electronics technicians for industrial engineering: Leon Krallmann, Arne Klußmann, Jonah Timm Beckefeld

Materials testers, systems engineering: Finn Heyen, Daniel Voß

Surveying technicians: Michael Assies

Production technologists: Michel Rade, Leonard Siemens, Julian Walker, Göko Andre Troff

IT specialists for system integration: Paul Hinrichs

IT specialists for application development: Martin Gastmann

Dual study programme in mechanical engineering and design: Sascha Helm, Tammo Füllbrunn

Dual study programme in shipbuilding and marine technology: Finn Kimi Platte, Finn Sonnberg, Lilly Reins

Dual degree programme in electrical engineering: Leander David Decker, Lars Maximilian Luikenga

Dual degree programme in business informatics: Luca Bluhm, Kristina Pleis

Technical product designer EMS PreCab: Leija Sophie Di Nanni

Warehouse logistics specialist EMS PreCab: Daniel Zimmermann

Forwarding and logistics services clerk EMS Maritime Services B.V.: Lea Wilhelm

FOS interns: Lenny Grundei, Lukas Schräder, Leonie Knipper, Morten Stephan, Mika Christians, Andi Griebel

Press Detail

Latest Research

Australianised military off-the-shelf: Australia’s naval ship design ethos and the Anzac Class frigates

Richard Dunley

Marine Policy

Volume 161, March 2024, 106003

• Abstract

Australia adopts an Australianised Military Off-the-Shelf approach to naval ship design. It does so in order to reduce risk and cost whilst also delivering appropriate vessels for the Royal Australian Navy and maintaining sovereign capability. This article examines Australia’s approach to naval ship design, outlining its strengths and weaknesses before using the case study of the Anzac Class frigates to consider the criteria for the successful application of this approach.

https://www.sciencedirect.com/science/article/pii/S0308597X24000010

The Industry

The German shipbuilding industry

The Industry

The supply chain in shipbuilding includes shipyards, equipment producers, and supplied services in technical or administrative areas. About 2.800 companies generate a yearly turn-over of around 18 billion Euros and offer over 80.000 skilled workers an attractive workplace in a high-tech sector. The 130 German shipyards offer a wide range of services including commercial shipbuilding, repairs and refits, the construction of inland vessels, boats and yachts as well as naval ships.

The German maritime equipment industry is leading in Europe. The specific strength of the German companies lies in the export of their products, which results in up to 60 percent of their activities. This makes Germany the world leader in the maritime equipment market.

The term "ocean industries" summarizes those companies and economic as well as scientific activities which research the exploitation of the oceans for energy, natural and food resources. From an economic point of view, the oil and gas industry as well as off-shore wind are currently the most important contributors to this area. However, in the long-run, there are huge potentials in the area of deep sea mining and the exploitation of gas hydrates.

S ource: German Association for Shipbuilding and Ocean Technology (VSM)

http://www.vsm.de/en/industry

The German Association for Shipbuilding and Ocean Technology (VSM)

The VSM represents the political and commercial interests of the German maritime industry, comprising shipyards building oceangoing and inland waterway vessels as well as marine equipment suppliers, classification societies, ship model basins and engineering consultants.

The responsibilities of the association include providing members with specialist advisory and support services and representing their interests in public and vis-à-vis political institutions. The VSM also promotes technical and commercial development in the shipbuilding and ocean industry in Germany and abroad.

The Association represents its members nationally and internationally.

S ource: German Association for Shipbuilding and Ocean Technology (VSM)

http://www.vsm.de/en/industry

OECD report on German shipbuilding

The Organisation for Economic Co-operation and Development (OECD) Council Working Party on Shipbuilding (WP6) occasionally produces comprehensive reports on individual shipbuilding countries’ shipbuilding industries; for the latest OECD report on the German shipbuilding industry, please see:

http://www.oecd.org/sti/ind/PeerReview_Shipbuilding_Germany_FINAL.pdf

Industry features:

The German shipbuilding industry is a relatively small component of the German economy as a whole. It is an important economic activity in the Baltic and North Sea area, where shipyards are concentrated. Most of Germany’s ship yards are relatively small and family-owned, compared to state-owned yards or yards that are part of big shipyard groups in other countries. While Germany is the sixth largest shipbuilding industry in the world (after China, Korea, Japan, the Philippines and Chinese Taipei), Germany’s share is rather low, accounting for less than 1% of global ship completions in 2014.2 The supply industry has about three to four times more employees than the ship yards and is located throughout Germany.

http://www.oecd.org/sti/ind/PeerReview_Shipbuilding_Germany_FINAL.pdf

SEA Europe on German shipbuilding

SEA Europe, Europe’s Shipyards’ and Maritime Equipment Association, produces regular reports on the state of the global and European shipbuilding industry. For its latest report, please see:

http://www.seaeurope.eu/ClientData/181/660/443865/3660/4/SEA%20Europe%20Annual%20Report%202018%202019%20website%20version%20final.pdf

Leading Companies

Blohm+Voss

Founded in 1877, Blohm+Voss has been part of the north German group of companies, Lürssen, since 2016. With the acquisition of Blohm+Voss, Lürssen entered into a long-term relationship to strengthen its shipbuilding and ship repair portfolio as well as to reinforce their new build naval vessel capacity and to establish the Blohm+Voss site as a hub for Lürssen Yacht Refit. Within the seven docks at our Hamburg shipyard and throughout the world, we deliver turnkey solutions, time-critical repairs, ship conversion and maintenance services for any vessel 24 hours a day, seven days a week. Blohm+Voss is renowned for quality and reliability, delivering projects worldwide on time and in budget. We ensure this high level of service with continuous investment in our workforce, facilities and equipment. Over the last years, Blohm+Voss has taken steps to further improve the shipyard’s safety, quality, logistics and efficiency through various operational initiatives. As part of the Lürssen family, our ambition is to raise standards even higher, striving to achieve the optimal experience for our customers when engaging our services and facilities.

We offer intelligent and customised solutions in the yacht refit, cruise and commercial ship repair, marine new build and refit sectors as well as other industrial services.

We want to be one of the most innovative and successful shipyards and an important solution-oriented partner for our customers.

https://blohmvoss.com/en/about/

Fassmer

Fassmer is a dynamic company in the fifth generation of family owners, with its headquarters in Berne/Germany.

Our international success is based on six business areas:

Shipbuilding , Boats and Davits , Deck Equipment , Wind Power , Composite Technology , and After-Sales Service .

Thanks to our skilled and motivated employees, experienced R&D department and modern production facilities, we guarantee customers the utmost competence in all these areas.

The company has a reputation for outstanding quality in both products and services. Holger and Harald Fassmer’s commitment to the company’s long-term success is exhibited in their ongoing focus on customer satisfaction.

Equipped for global success, Fassmer can boast:

• 1,500 employees worldwide
• 55,000m² heated workshops
• an outfitting pier 270m long
• a global service network
• a Certified QM system under DIN EN ISO 9001:2015 - round-the-world training and technical support
• worldwide availability of original spare parts

The headquarters of the Fassmer Group is the Fassmer GmbH & Co. KG site in Berne, Germany, on the River Weser. Located directly beside the river, the company site houses the administration offices, our development and design department and production workshops for all five product divisions.

In 1850 Johannes Fassmer set up his own business with plenty of shipbuilding competence, energy and perseverance. The company business in those early years focused on small wooden boats and life-boats. Today Holger and Harald Fassmer lead a company with more than 1,500 employees in the fifth generation and have gained an excellent national and international reputation.

Fassmer has a long tradition of designing and constructing one-off custom-built special purpose vessels.

Their expert in-house design and engineering team, as well as the most modern production facilities, make Fassmer a world leader for innovative and inspired shipbuilding solutions.

Fassmer also assists local shipbuilding projects anywhere in the world. To this end, Fassmer offers material packages or pre-fabricated shipbuilding kits, as well as basic or detailed design, technical assistance, and training.

https://www.fassmer.de/en/company

Flensburger Schiffbau-Gesellschaft (FSG)

About

Since its foundation in 1872 we have designed and built more than 750 ships, some of which of unique design and complexity the like of submersible heavy lift, seismic, well intervention, RoRo or strategic naval support.

Our core strength is the design and construction of tailor made designs for those ship-owners and operators that require high reliability and optimization of their ship operations. Our success is based on a balanced combination of experience, advanced planning and production processes, strong design capabilities and the drive to understand our client’s needs and requirements.

https://www.fsg-ship.de/wordpress/en/about-us/

German Naval Yards Holdings

The GERMAN NAVAL YARDS Kiel shipyard looks back with pride at over 180 years of experience and tradition in shipbuilding. Ships of all frigate classes currently used by the German Navy have been built from this shipyard.

Paired with innovative, state-of-the-art shipbuilding, this long-term industrial presence in the naval defence sector is a solid foundation for the professional expertise and activities essential for opening up sustainable opportunities for expansion and growth.

On course for success

Our shipyard group is on the road to expansion. The group's number of employees has been growing since 2009 from about 400 to about 1000. With this we are an important employer in the region contributing to value creation in Germany. Also the Federal Armed Forces appreciate GERMAN NAVAL YARDS as reliable partner in planning, building and maintenance of ships.

We bet on teamwork: the high motivation and commitment of our employees as well as the sense of unity within the company make us successful.

We prove that shipbuilding in Germany does have a future.

Part of a strong shipyard group

GERMAN NAVAL YARDS is the new strong yard group in Northern Germany. This company group consists of two yards GERMAN NAVAL YARDS KIEL (GNYK; the former surface shipbuilding unit of HDW) and NOBISKRUG. Our owner, the PRIVINVEST - Group, is a great support, with a long-time focus being successful worldwide. The group members of PRIVINVEST has delivered more than 2000 ships in more than 40 countries.

Our mission

GERMAN NAVAL YARDS has the know-how of more than 180 years shipbuilding tradition and a unique yard infrastructure. Specialised in the building of large and technically complex naval ships as well as super yachts our yard group is an important employer in the region. With this we are significately contributing to Germany's value creation. We are in close collaboration with German and European partners. We have been working as a reliable partner for the Federal Armed Forces regarding planning, building and maintenance of ships for decades.

The German Navy is in need of multi-purpose fighters more than ever in order to meet the growing requirements. GERMAN NAVAL YARDS has proved in the past that it is capable of delivering modern, technically high and complex Naval ships within a cost and time frame.

https://www.germannaval.com/company/profile/

Lloyd Werft

Company statement

Since 1857 Lloyd Werft Bremerhaven has stood for reliability and quality. We are experts in the conversion and building of passenger ships, prototypes and exclusive mega-yachts.

Lloyd Werft has had its headquarters at the 260,000-square-metre site for 110 years. This site is located in the heart of the international port of Bremerhaven, while being protected and accessed by two powerful locks located directly at the Outer Weser.

Change in ownership and new ship orders

In July 2015, Lloyd Werft announced that it had signed a letter of intent with Crystal Cruises, a subsidiary of Malaysian conglomerate Genting Group, to build three new cruise ships and two river cruise vessels. For over a decade, Lloyd Werft had restricted itself to the modification and repair of cruise ships, after the ill-fated build of the “Pride of America” resulted in insolvency in 2004.

In September 2015, it was announced that Genting Group would pay €17.5 million for a 70% stake in the shipbuilding facilities and a 50% stake in Lloyd Werft’s land. A considerable investment program was scheduled to commence in order to facilitate the new build program for Crystal Cruises.

In November 2015, it was announced that Crystal Cruises had increased its river cruise vessel order from two to four ships.

On December 31 st 2015, it was announced that Genting would exercise its option to purchase the remaining shares in the Lloyd Werft companies, for a 100% ownership stake in both.

Acquisition of Nordic Yards, new ship orders, creation of ‘Lloyd Werft Group’

In March 2016, it was announced that Genting would acquire the three shipyards of the Russian-owned Nordic Yards group – in Wismar, Rostock, and Stralsund – for €230.6 million. In addition, two new ships were to be added to the orderbook of the in-total 4 German shipyards now owned by Genting – taking it up to 10 ships (four cruise ships, four river cruise vessels, two unspecified). Finally, the set of four shipyards owned by Genting was to operate under the name ‘Lloyd Werft Group’, with leadership by a four-member board based in Bremerhaven.

In July 2016, Genting made a surprise announcement in relation to the creation of the MV Werften group, including a corresponding decrease in the importance of the role of Lloyd Werft (please see the MV Werften Company Overview).

( http://www.radiobremen.de/politik/nachrichten/lloydwerftbremerhaven102.html )

( http://www.lloydwerft.com/en/current-topics/press-releases/press-release-detail-view/meldung/partnerschaft-crystal-cruises-und-lloyd-werft-bremerhaven-ag.html )

( http://www.lloydwerft.com/en/current-topics/press-releases/press-release-detail-view/meldung/genting-hong-kong-erwirbt-lloyd-werft-bremerhaven.html )

( http://www.marinelog.com/index.php?option=com_k2&view=item&id=10001:crystal-ups-river-cruise-orderbook-buys-mozart&Itemid=230 )

( http://www.welt.de/print/die_welt/hamburg/article152865648/Genting-kauft-Nordic-Yards-Werften.html )

( http://www.noz.de/deutschland-welt/niedersachsen/artikel/679938/lloyd-werft-gruppe-auftrage-und-arbeit-fur-zehn-jahre )

( http://www.lloydwerft.com/en/current-topics/press-releases/press-release-detail-view/meldung/mit-einem-vorstands-quartett-in-die-zukunft.html )

Lürrsen

Fr. Lürssen Werft GmbH & Co. KG is a private, family-owned company founded in 1875 by Friedrich Lürssen in Aumund, near Bremen, Germany. Its primary business is building and maintaining both naval vessels and luxury yachts for private use. The company has 8 locations in Germany – Vegesack, Lemwerder, Aumund, Rendsburg, Wilhelmshaven, Berne, Hamburg, Wolgast.

In 2013, Lürssen delivered the longest private yacht in the world, Azzam , at 180 meters.

In terms of naval vessels, the company builds vessels for defence forces around the world, with products including fast patrol boats, OPVs, corvettes, frigates, minesweepers and minehunters, and fleet support vessels. It also licenses construction of vessels to third parties. Over the past fifty years, the naval segment has delivered 170 ships for Germany, 158 for export, and licensed out the construction of 85 further ships.

( http://www.luerssen-defence.com/en/company )

( http://www.luerssen-defence.com/en/company/locations )

(http://www.luerssen-defence.com/en/naval-vessels/deliveries)

(http://www.luerssen-defence.com/en/naval-vessels)

( http://www.luerssen-yachts.com/#en/company/past-and-present )

(http://www.luerssen-yachts.com/#en/company/locations/overview)

Meyer Werft

At a Glance

Meyer Werft GmbH & Co. KG (Meyer Werft) is a private shipbuilding company. Beginning in the late 18 th Century with the construction of wooden ships, the company has over the years constructed steam ships, fishing boats, pilot boats, gas tankers, and Ro/Ro ferries – among other vessel types. Today, the company has a global reputation in the field of large cruise ship construction, while continuing to build car and passenger ferries, Ro/Ros, gas tankers, and research ships.

Meyer Werft is part of a larger German and European network of companies belonging to the Luxembourg-registered, Meyer family-controlled holding company Meyer Neptune GmbH. Meyer Werft’s sister companies, Neptun Werft GmbH & Co. KG (Neptun Werft) – with headquarters in Rostock, Germany – and Meyer Turku Oy (Meyer Turku) – located in Turku, Finland – are the other constituents of this company. Neptun Werft, founded in 1850 and acquired by the Meyer family in 1997, is today specialised in the construction of river cruise vessels, though it also builds ferries, gas tankers, and key parts for LPG tankers. Meyer Turku was founded in 1737 and acquired by the Meyer family in 2014, specialising today in building cruise ships, car-passenger ferries, and special vessels.

(http://www.meyerwerft.de/en/meyerwerft_de/medien/unternehmensprofil_/unternehmensprofil.jsp)

(http://www.meyerwerft.de/en/meyerwerft_de/medien/presseticker/pressemitteilung_detail_21377.jsp)

In June 2016, Meyer Werft released a press statement announcing that the Meyer family had transferred its ownership shares in the shipyard business into two family foundations; for the purposes of securing stable family ownership of the business into the future.

http://www.meyerwerft.de/en/meyerwerft_de/medien/presseticker/pressemitteilung_detail_23040.jsp

MV Werften

Acquisition of Nordic Yards, new ship orders, creation of ‘Lloyd Werft Group’, subsequent creation of ‘MV Werften’

In March 2016, it was announced that Malaysia’s Genting Group would acquire the three shipyards of the Russian-owned Nordic Yards group – in Wismar, Rostock, and Stralsund – for €230.6 million. In addition, two new ships were to be added to the orderbook of the in-total 4 German shipyards now owned by Genting – taking it up to 10 ships (four cruise ships, four river cruise vessels, two unspecified). Finally, the set of four shipyards owned by Genting was to operate under the name ‘Lloyd Werft Group’, with leadership by a four-member board based in Bremerhaven.

In July 2016, Genting Group changed tack on its previous Lloyd Werft Group structure, announcing the consolidation of the three former shipyards of the Nordic Yards group into a new group known as MV Werften. The three yards – in Wismar, Rostock, and Stralsund – will no longer be managed from the Lloyd Werft yard in Bremerhaven, but instead from the Wismar yard. Lloyd Werft has in this way been precluded from its short-lived leadership position.

MV Weften today

At MV WERFTEN, Hanseatic shipbuilding tradition meets future innovation. With a worldwide unique new construction programme on order, our celebrated shipyards in Wismar, Rostock and Stralsund have made maritime global history since 2016. In 2017, we delivered the first ‘made in MV' luxury river cruise ships, two more in 2018. Two cruise ships of the Global Class and the flagship of the Endeavor Class are currently under construction at our three yards.

With roofed shipbuilding docks, one of the largest ship lifts in the world and an efficient logistics infrastructure in combination with the comprehensive maritime expertise of our employees , we have the ideal conditions to build high-quality cruise ships in any weather. At MVW, we know that only those who are passionate about shipbuilding can deliver first-class products, each and every time.

https://www.mv-werften.com/en/mv-werften/company.html

ThyssenKrupp Marine Systems GmbH

About

We are a traditional high-tech company with almost 180 years of history. Our locations stand for a marine tradition marked with pride that we have shaped decisively. With innovative key technologies, we support our customers in mastering new security challenges. These range from securing trade routes and monitoring missions to overriding management tasks. In order to successfully design such scenarios, the smooth interaction of state-of-the-art boats and ships, weapons systems, and highly intelligent electronic components is required. The intelligent integration of hardware and software is essential.

As the only German systems supplier for submarines, surface ships, and maritime electronics, we at thyssenkrupp Marine Systems are in a unique position to offer the full range of naval shipbuilding services from design, development, and production through to command and weapons deployment systems. We offer innovative products and services from a single source: With the integration of ATLAS ELEKTRONIK, we have evolved from a platform provider to an integrated systems house. We will continue to use ATLAS ELEKTRONIK as a valuable independent brand in order to strengthen our position in strategically important markets. Where it makes sense, we will work together to simplify processes and reduce costs.

We are efficient and want to be the most modern marine company in Europe: We have repeatedly demonstrated that we can set the marine standards of tomorrow. Today, we are the world market leader in conventional submarines and a leader in the development of new technologies. Together with our industrial, often medium-sized partners, we make a significant contribution to maintaining peace, freedom, and security. We are actively involved in shaping European and transatlantic arms relations – 70 percent of NATO's conventional submarine fleet comes from our shipyard.

We are well placed to compete: We are investing heavily in equipping our sites and training our staff. In order to continue to live up to our claim, we intend to extensively modernize our Kiel shipyard in particular over the next few years. The aim is to expand it into an international competence center for conventional submarine construction.

We stand for naval shipbuilding in Germany and are proud of our employees. As an attractive employer, we offer outstanding development opportunities in a high-tech and exciting international environment. Equipping the navies of tomorrow motivates us every day. For our customers, we develop forward-looking applications that set standards. The AIP and fuel cell system as well as state-of-the-art stealth capabilities are internationally recognized examples. With the further development of our autonomous underwater vehicles, we are now opening another chapter in innovation. Digital technologies such as virtual and augmented reality support us on our way to becoming a digital shipyard.

https://www.thyssenkrupp-marinesystems.com/en/products-services.html

ACQ_REF: IS/52742/20251020/DEU/31/12

ACQ_AUTHOR: Senior Associate/F Harker