The shipyard is on the left bank of the River Weser, and currently comprises five production halls with associated workshops and offices, an inner harbour and a syncrolift.
Abeking, mechanical engineer at the Nordseewerke yard in the harbour of the north German city of Emden, was a friend of Rasmussen and became his partner.
With the support of the Grand Duke of Oldenburg, a sailing enthusiast, Abeking and Rasmussen founded their yacht- and shipyard at Lemwerder on the south side of the Weser, opposite the small town of Vegesack.
[1] In 1928, the yard began building Starling Burgess' Atlantic one-design; at this time, the post-war economy made European-built boats attractive in the United States.
Among those the yard has built since is the Bruce King-designed ketch Hetairos, now Asgard (42 m LOA), a 230-ton centreboarder with a cold-moulded hull made of African khaya and sipo mahogany.