Meyer Werft establishes offshore subsidiary
Meyer Werft is restructuring its organisation to strengthen its position in the rapidly growing offshore converter platform market. The German shipbuilder will establish a new subsidiary, Neptun Offshore GmbH & Co. KG, bringing together all offshore converter-related activities under a dedicated company.
The move is designed to support future growth while allowing Neptun Werft to remain focused on its core activities, including river cruise ship construction and floating engineering modules.
The new subsidiary will also hold Meyer Werft’s 50% ownership in the joint venture Neptun Smulders Offshore Renewables (NSORe). The offshore business has already secured significant momentum. Earlier this year, NSORe won its first major converter platform contract from grid operator 50Hertz, covering the LanWin3 and LanWin6 projects in the North Sea. NSORe’s share of the contract is valued at approximately €2.5 billion.
According to Meyer Werft, offshore converter projects require different technical, regulatory and financial structures than traditional shipbuilding. Materials, supply chains, testing processes, IT systems and financing models all differ significantly, making a dedicated organisation necessary.
CEO André Walter said the company wants the new structure fully established before construction of the first converter platform begins in 2028. The objective is to create clear responsibilities, avoid inefficiencies and support long-term growth in the sector.
The new company will be led by Malte Poelmann, who is also part of the leadership team at NSORe. He highlighted the strategic importance of the business for Germany’s energy transition and confirmed that workforce expansion is already underway ahead of the planned growth phase.
Meyer Werft expects the first two 50Hertz projects alone to generate up to 1,000 direct and indirect jobs in the Rostock region, reinforcing the shipbuilding group’s ambitions within offshore renewable energy infrastructure.
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Caption: © Neptun Smulders Engineering
