Nordseewerke Emden GmbH (sometimes abbreviated NSWE, in English: North Sea Company) was a shipbuilding company, located in the Emden Harbor of the north German city of Emden. Founded in 1903, shipbuilding ended in 2010, and the company was taken over by the Schaaf Industrie AG, which among other products, makes components for off-shore systems. The shipyard employed some 1,400 people in 2010 and was the second-largest employer in Emden, following the plant of the Volkswagen automotive company. Today only few of the former coworkers of the shipyard are still employed with the new owner Schaaf, which also went insolvent in 2012. History Nordseewerke was founded on March 11, 1903, and was one of the oldest among the still-existing shipyards in Germany. Its successor was the Schaaf Industrie AG. The company built merchant ships of all categories, but also ships for the Kaiserliche Marine during World War I, the Kriegsmarine later, and today's modern Deutsche Marine. The shipyard has also constructed ships for use by other navies, such as the (Type 207) and (Klasse 210)-class submarines for the Royal Norwegian Navy, which were built to operate in shallow, coastal waters. In the past 20 years, submarines were also exported to South Africa, Argentina (), and Israel. Besides container and other freight-carrying ships, Nordseewerke also built naval vessels. In 1971, the cruise liner Sea Venture (later renamed the Pacific Princess) was constructed. The ship is well known as the film location of The Love Boat. Submarines (U-boats) Type 207 submarines Type 1700 submarines Type 210 submarines Ships built by Nordseewerke (selection) 1915/1916, first construction of minesweepers for Kaiserliche Marine (M13 and M14) 1915–1917, construction of 10 fishing vessels (among them Geier, Bielefeld, Münster), all used as outpost-ships during World War I 1920, 14,000 t tanker Baltic for the Deutsch-Amerikanische Petroleum AG (DAPG), largest ship built by NSWE at that time 1922, construction of a floating dock for Argentina 1931, ore-transport ship Odin for the Hamburger Seereederei Frigga 1931, 17,500 t tanker J. H. Senior for the Baltisch Amerikanische Petroleum Import GmbH in Danzig 1940–1944, delivery of 30 submarines of type VII C ( to and to ); additional submarine orders were cancelled 1973, Four container-carrier SeaTrain in US with gas-turbine propulsion, worldwide fastest merchant ships at that time 1976, Constr.No.399, freighter Aegir for the Seereederei Frigga; altogether NSWE built 23 ships for this company between 1921 and 1968 1977, CNo.455, combined ore-oil