Steel vessel building was begun by Paul Willy Lindenau, who established a shipbuilding company here in 1919. The company, called Machine Factory and Foundry, was active in a number of other spheres too: besides building equipment for vessels, it even manufactured military aircraft in 1924-25, and was active in coach building, reservoir production, etc. When the city was occupied by the Soviet army in 1945, the company buildings were all blown up.

Klaipeda Ship Repair Yard was established in place of P.W. Lindenau's company, and has continued its traditions of shipbuilding and repairs. Its main activities are:

• all types of ship repair, maintenance and construction;
• the repair of diesel engines and the manufacture of spare parts;
• the repair of electric equipment and machinery;
• the production of spare parts for vessels and machines, using up-to-date equipment;
• the production of metal constructions;
• casting, forging and punching of non-ferrous metals and steel and iron;
• galvanization;
• loading and warehouse operations;
• the building, repair and maintenance of yachts and smaller vessels.