Danziger Werft
Open-knowledge reference entry
Danziger Werft (English: The International Shipbuilding and Engineering Company Limited, Polish: Stocznia Gdańska) was a shipbuilding company, in Danzig (now Gdańsk, Poland), in what was then the Free City of Danzig. It was founded in 1921 on the site of the former Kaiserliche Werft Danzig that had been closed after World War I.
History
After the World War I ended, Danzig was turned into a free city under indirect control of the League of Nations. While technically an independent state, Danzig was also subject to Treaty of Versailles, other post-war arrangements and demilitarisation of Germany. Because of that, in 1919 former Kaiserliche Werft was banned from producing military vessels. Pending further decisions of the victorious Entente with regards to German arms industry, in October 1919 the new German government officially donated the shipyard and all of its assets to the city of Danzig. The new owners were also forced to scrap the final 33 U-boats still on slips in 1918.
However, as the company lost both its main client (the Kaiserliche Marine) and its raison d'etre, in 1922 it had to be commercialised. It was turned into a joint stock company, with 30% shares held by French Groupement Industriel pour Danzig conglomerate, 30% by British Cravens company, and remaining 40% by local Danziger Privat Aktienbank and Polish Bank Handlowy (20% each). The new company used the name of "International Shipbuilding and Engineering Company Limited", but was most commonly referred to by its simplified German name: Danziger Werft ("Danzig Shipyard").
Although the shipyard was equipped with facilities for construction of ships up to 135 metres (443 ft) of length, initially the market was overflowing with demobilised vessels of the warring nations.
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This entry incorporates text from “Danziger Werft” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.