Germany's Nordic Yards Wins Innovation Award
Monday, July 08, 2013
Nordic Yard Warnemuende: Image credit Nordic

Nordic Yards receives Top 100 award from the Vienna University of Economics and Business at a Berlin ceremony.

At a ceremony for the Top 100 companies at the Axel Springer Passage centre in Berlin, journalist and TV host Ranga Yogeshwar presented Nordic Yards’ managing director Vitaly Yusufov with the Top 100 prize for innovation.

Nordic Yards is one of the companies whose innovative ideas are driving forward the shift to renewable energy. The shipyard group claims to be a world market leader for DC converter platforms – huge floating substations that convert alternating current produced by offshore wind farms into direct current for a lossless transmission to the mainland. Of the eight converter platforms currently under construction worldwide, four are being built in Wismar and Rostock- Warnemünde. Nordic Yards is a global market leader in the manufacture of these ninety metre high platforms, which weigh as much as 25 Airbus A380 aircrafts.

With about 1,150 employees, Nordic Yards designs and builds other specialised vessels, such as an installation ship for offshore wind turbines. This project, the so-called “Heavy Installer”, uses its onboard crane to install the turbines in waters up to 55 metres deep. It can simultaneously transport up to four pre-assembled wind turbines or foundations from the harbour to their offshore positions.

“We concentrate on high-tech and bespoke work rather than mass production,” says owner and managing director Dr. Vitaly Yusufov, who took over the almost 70 year old company in 2009. As a result, around 80 per cent of the company’s revenue and profit came from new products and technical improvements which they had brought to market during the past four years, always one step ahead of their competitors.

The Top 100 award is based on academic research into the firms under consideration conducted by Professor Nikolaus Franke and his team from the Institute for Entrepreneurship and Innovation at the Vienna University of Economics sand Business.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


USNS Maury Completes Acceptance Trials

USNS Maury (T-AGS 66) completed Acceptance Trials, November 6, following a week of extensive ship tests and underway events, included testing of major propulsion,

MacGregor Wins Orders for Pusnes Deck Machinery

MacGregor, part of Cargotec, announced it has secured orders for a series of Pusnes deck machinery packages for several shipowners. The Pusnes equipment has been

Two New Crewboats for ISS

Maritime and logistics service provider Inchcape Shipping Services (ISS) has expanded its launch fleet with two more fast crewboats, bringing its total fleet size to 18 vessels.


Ship Conversion: Offshore Survey Vessel to Become a Flotel

Dutch shipowner C-Bed has contracted Wärtsilä Ship Design to supply the design for rebuilding its Seismic Survey Vessel, the Viking II, for use as a hotel vessel

Deepwater Downturn: Bump in the Road or Long-Term Slowing of Growth?

IMA/World Energy Reports has just completed a comprehensiveassessment of the five year outlook for the deepwater sector.  The new report – the 19th annual floater

Tidal Energy from Deep and Slow Waters

Deep Green, an underwater kite construction from the Swedish company Minesto, is set to be deployed in 2017 at the Holyhead Deep site off the coast of Anglesey, Wales.

Wind Power

Ship Conversion: Offshore Survey Vessel to Become a Flotel

Dutch shipowner C-Bed has contracted Wärtsilä Ship Design to supply the design for rebuilding its Seismic Survey Vessel, the Viking II, for use as a hotel vessel

Seacat Services Invests In New Vessels

Offshore energy support vessel operator Seacat Services has placed an order for up to four new vessels with local boat builder South Boats IoW. The DNV-GL class-certified

Maritime Contracts Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0812 sec (12 req/sec)