At that time the "Schiffswerft Neptun Rostock" counted among the most renowned state-owned shipyards of the German Democratic Republic.

Productivity was not up to international standards, and due to EU restrictions it was no longer allowed to build new sea-going vessels.

The yard became "Neptun Industrie Rostock" (NIR), and the following years were heavily influenced by staff cuts, re-organisation and diversification.

Since the year 2000 the shipyard's activities have been centred on the premises in Warnemünde (a district of Rostock), and the construction of river cruise vessels has been included in the product range.

New production halls were erected in 2003 which allow ship construction independent of weather conditions.