Deutsche Schiff- und Maschinenbau Aktiengesellschaft (abbreviated Deschimag) was a cooperation of eight German shipyards in the period 1926 to 1945. The leading company was the shipyard AG Weser in Bremen.
History
The Deschimag was founded in 1926 when influential Bremen merchants and bankers decided to found a cooperation of great German shipbuilding companies under the leadership of the shipyard AG Weser.[1] The intention was to coordinate and concentrate activities of German shipyards for higher efficiency but last not least mainly to support Bremen's shipyard AG „Weser“ in the upcoming economic and financial crisis of 1930s. While the largest shipbuilding companies in Germany as Blohm & Voss and Bremer Vulkan AG because of their own strong market position at that time were not interested in this cooperation, eight other large German shipyards merged. These were:
Deschimag became the greatest shipbuilding company in Germany with about 15,000 workers which was about 28% of the total German shipbuilding industry workforce at that time. But in the following years most of these companies were closed, went bankrupt or were sold to other companies (see above). At least only AG Weser and Seebeckwerft survived this process of concentration and reduction of shipbuilding capacities. In 1941 Krupp