Volkswerft
Encyclopedia
Volkswerft is a shipyard
Shipyard
Shipyards and dockyards are places which repair and build ships. These can be yachts, military vessels, cruise liners or other cargo or passenger ships. Dockyards are sometimes more associated with maintenance and basing activities than shipyards, which are sometimes associated more with initial...

 in the hanseatic city of Stralsund
Stralsund
- Main sights :* The Brick Gothic historic centre is a UNESCO World Heritage Site.* The heart of the old town is the Old Market Square , with the Gothic Town Hall . Behind the town hall stands the imposing Nikolaikirche , built in 1270-1360...

 on the Strelasund
Strelasund
The Strelasund is a sound of the Baltic Sea which separates Rügen from the German mainland. It is crossed by a road and rail bridge called the Rügendamm in Stralsund. It runs in a roughly northwest-to-southeast direction from a small shallow bay just north of Stralsund called the Kubitzer Bodden...

. It is part of the German
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

 Hegemann-group.
The Volkswerft was founded in 1945 as Ingenieurbau Ges.m.b.H.. On April 25 the first trawler was delivered and on June 15 1948 the VEB
Volkseigener Betrieb
The Volkseigener Betrieb was the legal form of industrial enterprise in East Germany...

 Volkswerft Stralsund
was registered.

From 1948 till 1953 the shipyard produced 196 ships, all of them to be used for reparation payments to the Soviet Union.

In the following years, the Volkswerft produced trawlers for the Soviet and other fleets. In October 1957, the first ship built for a fleet not pertaining to the Eastern Bloc
Eastern bloc
The term Eastern Bloc or Communist Bloc refers to the former communist states of Eastern and Central Europe, generally the Soviet Union and the countries of the Warsaw Pact...

 was delivered to Iceland
Iceland
Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...

. In 1973, Lloyd's of London
Lloyd's of London
Lloyd's, also known as Lloyd's of London, is a British insurance and reinsurance market. It serves as a partially mutualised marketplace where multiple financial backers, underwriters, or members, whether individuals or corporations, come together to pool and spread risk...

 saw the Volkswerft as number one in the production of trawlers worldwide.

After 1990, the Volkswerft was privatized two times, first as Volkswerft Stralsund GmbH becoming part of the Vulkan
Bremer Vulkan
Bremer Vulkan AG was a great German shipbuilding company located at the Weser river in Bremen-Vegesack. It was founded in 1893 and closed in 1997 because of financial problems and mismanagement....

-Gruppe (Bremen
Bremen
The City Municipality of Bremen is a Hanseatic city in northwestern Germany. A commercial and industrial city with a major port on the river Weser, Bremen is part of the Bremen-Oldenburg metropolitan area . Bremen is the second most populous city in North Germany and tenth in Germany.Bremen is...

) in 1993.Then, since 1998, she is part of the Maersk-group, Maersk having paid 25 millions DM
German mark
The Deutsche Mark |mark]], abbreviated "DM") was the official currency of West Germany and Germany until the adoption of the euro in 2002. It is commonly called the "Deutschmark" in English but not in German. Germans often say "Mark" or "D-Mark"...

 to the Treuhand
Treuhand
The Treuhandanstalt was the agency that privatized the East German enterprises, Volkseigener Betrieb , owned as public property. Created by the Volkskammer on June 17, 1990, it oversaw the restructuring and selling of about 8,500 firms with initially over 4 million employees...

.

The yard is completely modernized by now, including a large shipbuilding hall and a 230 m (now 275 m length) ship lift to launch the ships. Container ships (2,500 class) are produced for the Mærsk fleet. They have a size of 2,900-3,000 TEU. Supply vessels and cable-laying vessels are also produced.
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