Azov Shipyard Ltd. "SRZ"

What Azov Shipyard Ltd. "SRZ" does

Azov Shipyard Ltd. "SRZ" (Азовский судоремонтный завод) is a diversified heavy-industrial enterprise founded in 1886 and located on the Ukrainian-controlled coast of the Sea of Azov in Mariupol, Donetsk Oblast, Ukraine. The company operates four integrated business lines: ship repair and modernization (anchored by a 15,000-ton floating dry dock capable of servicing vessels up to 200m in length and 25m in beam — the only such facility on the Ukrainian Azov coast), shipbuilding (barges, LASH-type lighters, floating docks, and oil-spill collector vessels, with over 200 vessels delivered internationally since 1967), port cargo handling and transshipment (110,000 sq.m water area, 5 berths, 8 portal cranes, and a 60-ton floating crane, with up to 3,500 t/day throughput), and machine-building (the largest grab manufacturer in Ukraine, producing 170+ rope grab models and 10+ electromechanical/electro-hydraulic models for metallurgical, mining, and maritime customers).

The company generates revenue through contract-based ship repair services (project-by-project negotiation), public procurement tenders via Ukraine's ProZorro system (e.g., UAH 21M Meotyda dredger repair), direct sales of machine-building products to metallurgical and mining enterprises (notably the Metinvest group's Mariupol-based steel mills), port cargo handling fees, and international shipbuilding contracts built to classification standards such as DNV GL. Customers include Ukrainian state maritime entities (Delta-Lotsman/AMPU, Mariupol Sea Port, Mariupol Tram and Trolleybus Management), private metallurgical and mining operators (Metinvest's Azovstal and MMK Ilyich, Zaporizhzhia Ferroalloy Plant, Novo Kramatorsk Machine Building Plant, Dniproenerhostal), and international shipowners and shipyards (Cyprus, Croatia, Cook Islands, Moldova).

Since 2010 the operating entity has been managed by the Mariupol Investment Group. The enterprise's geographic and operational access was severely disrupted by Russian blockade of the Azov Sea and Kerch Strait transit restrictions beginning in 2018, leading to contract losses, shortened work weeks, and an ultimate berthing ban by the Mariupol Sea Port captain on February 1, 2021. OOO "SRZ" transferred its integral property complex to the State Enterprise "Azovsky Sudoremontnyy Zavod" on April 5, 2021, and the Commercial Court of Donetsk region opened bankruptcy proceedings against OOO "SRZ" on April 28, 2021. As of the latest data, the entity is in bankruptcy and operations have been halted.

Name

Azov Shipyard Ltd. "SRZ"

Legal name

Azov Shipyard (SRZ, LLC)

Website

https://asrz.com.ua

Company type

Private

Founded year

1886

Operating status

Closed

Headcount range

1–10 employees

Short description

Azov Shipyard (Mariupol, Ukraine, founded 1886) is the only ship repair yard on the Ukrainian-controlled Azov coast, operating a 15,000-ton floating dry dock alongside shipbuilding, Ukraine's largest grab manufacturing line, and a 600m port cargo transshipment facility. It serves state maritime fleets, Metinvest metallurgical plants, and international shipowners. The operating LLC entered bankruptcy in April 2021.

Ownership category

akta.pro rank

Product category

Ship Repair and Shipbuilding

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (3366), Ship and Boat Building (33661), Material Handling Equipment Manufacturing (33392)

SIC

Ship & Boat Building & Repairing (3730), Special Industry Machinery, Nec (3559)

akta.pro industry

PRIMARYTLAHAMAA

Dry Docking & Dockyard Operations (Graving/Floating Docks, Docking Services)

Transportation & Logistics/Ports, Terminals & Maritime Services/Ship Repair, Dry Docking & Marine Engineering Services

Keywords

• Ship repair services
• Shipbuilding services
• Port cargo handling
• Industrial machine building
• Grab manufacturing

Headquarters

HQ city

Mariupol (Маріуполь)

HQ country

Ukraine

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Ship Repair and Modernization Services: Core revenue stream from repair, modernization, and maintenance of vessels. The company serves international and domestic shipowners, government maritime fleet operators, and state port enterprises. Services include dry-dock repairs, hull repairs, mechanical systems, electrical systems, and classification certification. Revenue is project-based, with each repair contract individually negotiated based on vessel type, scope of work, and duration. The company holds recognition certificates from the Shipping Register of Ukraine.
2. Port Cargo Handling and Transshipment: The enterprise operates as a port facility handling various types of cargo including general cargo (coil, roll, wire rod in coils), bulk cargo (cast iron, iron ore pellets, coal, coke, grain, mineral fertilizers), and heavy/large equipment. Sea transport routes cover main ports of Europe, the Middle East, North and East Africa, South and North America. Revenue derived from cargo handling fees per ton processed.
3. Machine-Building Products (Grabs, Metallurgical Equipment): Production and sale of industrial machinery including rope grabs (over 170 models), electromechanical and electrohydraulic grabs (over 10 models), steel casting ladles and buckets for metallurgical production, lifting travers, metal structures for industrial facilities, and railcar components. Serial production for maritime, mining, and metallurgical enterprises. The enterprise is the largest grab manufacturer in Ukraine with an in-house design and engineering department.
4. Shipbuilding: Construction of self-propelled and non-self-propelled floating structures including barges, LASH-type lighters, floating docks, and special-purpose vessels (oil spill collectors). International contracts for shipbuilding components (superstructure modules for Croatian tanker). Revenue from shipbuilding is project-based, typically large contracts spanning months or years.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Azov Shipyard (SRZ) is a multi-purpose industrial enterprise on the Sea of Azov coast (Mariupol, Ukraine) that performs vessel repair and modernization using a 15,000-ton floating dry dock, builds non-self-propelled barges, LASH-type lighters, floating docks and oil spill collection vessels, manufactures industrial machine-building products (rope grabs, electromechanical and electrohydraulic grabs, metallurgical ladles, metal structures), and operates port cargo transshipment facilities handling general, bulk, and oversized cargo.

Product overview

Azov Shipyard (SRZ) is a diversified industrial enterprise offering four interconnected core services: ship repair (featuring a 15,000-ton floating dock), ship building (construction of barges, lighters, floating docks), machine building (Ukraine's largest manufacturer of grab loaders for maritime/mining/metallurgical industries), and port operations/transshipment. The company serves maritime, metallurgical, mining, and logistics sectors primarily in Ukraine and international markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Ship Repair Services Ship repair and modernization services including hull repairs, propulsion systems, auxiliary machinery, and classification survey support. Backed by a 15,000-ton capacity floating dock capable of servicing vessels up to 200m in length and 25m in beam, an 8-meter approach channel, equipped berths, and specialized production workshops. Serves international and domestic shipowners, government maritime fleet operators, and state port enterprises. The company holds Shipping Register of Ukraine recognition certificates.
• Shipbuilding Construction of self-propelled and non-self-propelled floating structures including barges, LASH-type lighters, floating docks, and berths designed for vessels with displacement up to 5,000 tons and length up to 105m. Special purpose vessels such as oil spill collectors (projects 205A and 25505) for cleaning port and roadstead areas. International vessel component manufacturing to DNV GL classification standards.
• Grab Loaders (Griphoists) Two- and multi-jaw rope grabs (170+ models) and electromechanical/electrohydraulic grabs (10+ models) for handling coal, ore, and construction cargo. Manufactured with in-house design and engineering department for customization to specific operating conditions. The enterprise is the largest grab manufacturer in Ukraine, serving maritime, mining, and metallurgical industries.
• Metallurgical Equipment and Metal Structures Steel and cast iron ladles and boxes for metallurgical production, cargo lifting travers, metal structures for industrial facilities, and components for wagon building including axles, shafts, and couplings. Serial production for metallurgical and mining enterprises including MK Azovstal, MMK Ilyich, Metinvest Engineering, Zaporizhzhia Ferroalloy Plant, and Dniproenerhostal.
• Port Cargo Handling and Transshipment Services Sea cargo transportation and transshipment services to major ports of Europe, the Middle East, North and East Africa, South and North America. Facility features 110,000 sq.m water area, 5 cargo berths totaling 600m length, 8 portal cranes with 5-40t capacity, and a floating crane with up to 60t capacity. Handles general cargo (coil, roll, wire rod in coils), bulk cargo (cast iron, iron ore pellets, coal, coke, grain, mineral fertilizers), and heavy/oversized equipment. Throughput up to 3,500 t/day (warehouse to ship for general/bulk cargo).

Quantifiable outcome

• 15,000-ton floating dock enables service to vessels up to 200m length and 25m beam — the only such capability on the Ukrainian Azov Sea coast
• +3 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• State Enterprise Azov Shipyard / Government of UkrainecoreStrategic or Co-development Partner · 1 January 2021OOO SRZ transferred its integral property complex to the balance of the State Enterprise Azov Shipyard in April 2021, following approval by the State Property Fund of Ukraine. This was intended to preserve 560 jobs and transfer assets to state ownership amid OOO SRZ's bankruptcy proceedings.
• State Property Fund of Ukraine (Фонд державного майна України / ФДМУ)coreStrategic or Co-development Partner · 1 January 2021The State Property Fund of Ukraine was involved in the process of transferring the integral property complex of Azov Shipyard to state ownership. The process included approval for transfer of hydrotechnical structures, berths, floating workshops, and other assets from OOO SRZ to the state enterprise.
• Delta-Lotsman Branch of State Enterprise Administration of Maritime Ports of Ukraine (філія «Дельта-Лоцман» ДП «АМПУ»)coreStrategic or Co-development Partner · 1 January 2019Delta-Lotsman is the state enterprise managing pilot and maritime traffic services. Azov Shipyard performs repair and classification renewal work for state maritime fleet vessels including the dredger Meotyda. The partnership is significant as it involves state maritime infrastructure maintenance on Ukrainian-controlled territory.
• European Business Association (Європейська Бізнес Асоціація)minorGTM or Marketing Partner · 1 January 2019European Business Association facilitated dialogue between EU representatives and Azov Shipyard regarding enterprise development prospects. The EBA advocated for the enterprise's interests in discussions with Ukrainian government ministries.
• Ministry of Infrastructure of Ukraine (Міністерство інфраструктури України)coreStrategic or Co-development Partner · 1 January 2019Ukrainian Ministry of Infrastructure held meetings with European Business Association representatives regarding perspectives for Azov Sea region development, including Azov Shipyard. Minister Volodymyr Omelian emphasized Ukraine's commitment to Azov Sea infrastructure and the strategic importance of ASRZ for national maritime presence.
• EU Delegation to Ukraine (Представництво Європейського Союзу в Україні)minorGTM or Marketing Partner · 1 January 2019EU Delegation head Hug Mingarelli initiated a meeting to hear directly from Azov Shipyard representatives about business difficulties in the region. The EU expressed readiness to consider Azov Shipyard's case for consultation support from the EU Delegation in Ukraine.
• OSCE Mission (Місія ОБСЄ)minorGTM or Marketing Partner · 1 January 2019OSCE mission representatives Ralph Logan (UK) and Thomas Riley (USA) met with ASRZ management to hear about enterprise challenges. Information gathered was to be systematized and transmitted to diplomatic level for crisis resolution.
• Viterlef Management Ltd (Cyprus) / TROGIR Shipyard, CroatiacoreStrategic or Co-development Partner · 1 January 2019Viterlef Management Ltd contracted Azov Shipyard for construction of tanker superstructure sections for a vessel being built at the TROGIR shipyard in Croatia. Contract valued at approximately USD 500,000 with potential follow-on barge construction. Built to DNV GL classification standards. First shipment of 23 steel blocks (~230 of 410 tons total) dispatched March 2019.
• UkrTransAgro and UTA Logistics (УкрТрансАгро і УТА Логістик)minorGTM or Marketing Partner · 1 January 2017Partners who donated modern playground equipment to the Azov Shipyard's Druzhba recreation base as a gift for Workers' Day of the River and Marine Fleet of Ukraine. The donation improved children's recreation facilities at the enterprise's seaside base.
• Managing Company Mariupol Investment Group (Управляющая компания «Мариупольская инвестиционная группа»)coreStrategic or Co-development Partner · 1 January 2010Since 2010, Azov Shipyard has been under management of the Mariupol Investment Group (Managing Company), which oversees the enterprise's operations, strategy, and investment decisions. The managing company represents the enterprise in government discussions and international dialogues regarding the enterprise's legal status and development.
• Metinvest Group (Холдинг Метінвест)coreStrategic or Co-development PartnerMetinvest Group is a key strategic partner providing machine-building orders for metallurgical enterprises within the holding. Approximately 100 tons of machine-building products per year are orders from Metinvest's Mariupol enterprises. Metinvest Engineering coordinates capital repair preparations at Metinvest facilities. The partnership includes financial and operational support during the enterprise's crisis period.
• Mariupol City Council (Маріупольська міська рада)coreStrategic or Co-development PartnerMariupol City Council has provided support to maintain Azov Shipyard's operations after the lease period ended, helping the enterprise continue production, meet contractual obligations, pay salaries, and preserve the unique ship repair complex. Partnership critical for enterprise survival during legal status uncertainty.

Scale indicators14 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Trogir Shipyard (Brodosplit/Trogir): Croatian shipyard at Trogir that contracted Azov Shipyard for superstructure modules on a DNV GL-class tanker. Performs newbuild and repair for international clients in the Adriatic, representing a directly comparable Black-Sea-region shipyard with similar small-vessel and component construction work.
• Kherson Shipyard: Ukrainian ship repair and shipbuilding enterprise on the lower Dnieper near the Black Sea, historically performing similar floating-dock-class ship repairs, hull works, and small-vessel construction for domestic and international shipowners operating in the Black Sea-Azov basin.
• Mykolaiv Shipbuilding Yard 'Okean': Major Ukrainian multipurpose shipyard located in Mykolaiv on the Black Sea coast, performing ship repair, shipbuilding, and metal fabrication. Comparable to Azov Shipyard in scope of services (repair + construction + machine-building) and in serving Ukrainian and international maritime clients.
• Izmail Shipyard: Ukrainian ship repair yard on the Danube River, performing hull repairs, mechanical works, and small-vessel construction for river-sea class vessels. Operates as a comparable mid-sized Ukrainian multipurpose shipyard serving the broader Black Sea-Azov maritime trade.

Regional players

• Besiktas Shipyard: Turkish ship repair and shipbuilding facility on the Sea of Marmara with floating-dock capability servicing Black Sea and Mediterranean vessels. Directly comparable floating-dock-class repair work for shipowners operating in regional maritime trade routes overlapping with Azov-Black Sea traffic.
• ADM Shipyard (Tuzla): Turkish ship repair and shipbuilding yard near Istanbul performing dry-dock and afloat repairs for regional and international shipowners. Similar scope of work (hull, mechanical, electrical), similar vessel sizes, and overlapping customer geography in the Black Sea basin.
• Crist S.A. (Gdynia Shipyard): Polish ship repair and shipbuilding yard in Gdynia on the Baltic Sea, performing dry-dock repairs, hull works, and vessel construction for European shipowners. Comparable multipurpose capability and class of vessel served, but operates in a different (Baltic) geography.
• Tallinn Shipyard (BLRT Grupp): Estonian ship repair and shipbuilding complex under BLRT Grupp in Tallinn, performing floating-dock repairs, shipbuilding, and industrial fabrication for Baltic and international clients. Comparable multipurpose industrial shipyard with similar floating-dock-class repair capability.

Emerging players

• ASCO Shipyard (Azerbaijan Caspian Shipping Company): Azerbaijani state-owned ship repair and shipbuilding yard on the Caspian Sea performing repairs, newbuilds, and industrial fabrication. Comparable state-linked shipyard with multipurpose capabilities (repair + construction + machine-building) for serving national maritime and industrial customers.

Broad incumbents

• Damen Shipyards: Netherlands-headquartered global shipbuilding group with dozens of yards performing ship repair, newbuild, and conversion work worldwide. Comparable to Azov Shipyard in offering integrated repair + construction + industrial services, but at vastly larger scale and geographic breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pages/Азовский-судоремонтный-завод
• LinkedInlinkedin.com/company/azov-shipyard-ltd-srz-

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Azov Shipyard Ltd. "SRZ"