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The Volkswerft was founded in 1948 as Ingenieurbau Ges.m.b.H.. On April 25 the first trawler was delivered and on June 15, 1948 the VEB Volkswerft Stralsund was registered.
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 was delivered to Iceland. In 1973, Lloyd's of London 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-Gruppe (Bremen) in 1993. In 1998 it became part of the Maersk group, Maersk having paid 25 million DM to the Treuhand.
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.
In 2016, the yard was purchased by Genting Hong Kong and folded into the newly formed MV Werften group with two other German shipbuilders.[1] In 2022, the company failed fpr bancrupcs. Since then, different companies are based at the former shipyard facilities, now owned by the City of Stralsunf. DFor exampple, th scrapping company Leviathan GmbH from Beemen is planning to scrap ships here.[2]
