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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 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 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.Then, since 1998, she is part of the Maersk-group, Maersk having paid 25 millions 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.
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