The Simek shipyard in Norway is to close due to a lack of orders.
The OSV specialist, based in Flekkefjord, has survived for 51 years, but has been hit by a long depression in the sector.
"Of course, it is sad to end this way with a company that managed to pass an age of 50 years," said CEO and owner Oyvind Iversen to the Agder daily.
