Trading as Lürssen Yachts, it is one of the leading builders of custom superyachts such as Paul Allen's Octopus, David Geffen's Rising Sun, and Khalifa bin Zayed Al Nahyan's Azzam, the second largest private yacht in the world at 180 m in length after the REV Ocean.

[2][3] On 27 June 1875 the 24 year-old Friedrich Lürssen set up a boatbuilding workshop in Aumund, a suburb of Bremen, Germany.

[6] On 14 September 2018, a fire broke out in the floating dock at Fähr-Lobbendorf, burning the then-under construction structure of the yacht Sassi.

[9] When concluding the contract with Naval Vessels Lürssen (NVL) in June 2021, the Federal Audit Office, Bundesrechnungshof reported “significant concerns”.

It criticized the fact that the Ministry of Defense only wanted to discuss with the shipyard after the contract had been signed how exactly the ships should be built.

[9][11] The Federal court of Audit, Bundesrechnungshof intervened in 2023 and stated that there were significant risks arising from the contract structure with Lürssen.

Lürssen was awarded a 2.6 billion contract in 2017 to build twelve patrol boats for the Australian Navy.