Nordseewerke Emden GmbH (sometimes abbreviated NSWE, in English: North Sea Company) was a shipbuilding company, located in the Emden harbor of the north German city of Emden. Founded in 1903 shipbuilding ended in 2010 and the company was taken over by the Schaaf Industrie AG[1] (SIAG), which among others produces components for off-shore systems.