Navalis Group Shipbuilding & Offshore: 2024 Results

Navalis Group is a well-known company operating in the field of shipbuilding, ship repair and offshore construction for more than 23 years. Navalis Group consists of several companies that successfully operate shipyards in Estonia, Lithuania, Finland, Germany and the Netherlands. For Navalis Group, 2024 was a pivotal year for growth and strengthening its market position. The company demonstrated dynamic progress by introducing new services, strengthening international cooperation, and enhancing internal processes.

Expansion of the range of services: three new directions

One of the significant events of 2024 was the expansion of the service portfolio. The company introduced:

1.Insulation works. The services include thermal, sound and vibration insulation, which is particularly important for the comfort and energy efficiency of ships.

2.On-site machining. This service focuses on machining high precision parts on board ships or at customer’s facilities to improve productivity and equipment reliability.

3.Laser cladding. This technology, which extends the life of key components, often without complex disassembly work, has become popular with customers due to the accuracy and durability of the results.

These innovations helped the company enter new markets, offering clients a broader range of services.

International Exhibitions: New Partnerships and Opportunities

A crucial aspect of 2024 was Navalis Group’s participation in several prestigious international exhibitions:

•SMM in Hamburg

SMM is one of the world’s largest shipbuilding industry exhibitions, attracting major global companies. Participation allowed Navalis Group to attract new major European partners in cruise liner interior works, leading to signed contracts.

•WorkBoatShow in New Orleans

Through new contacts in the U.S., the company plans to expand its services as a contractor in the US and Canadian markets. These strategic partnerships provide a foundation for 5–10 years of development planning.

At these events, the company not only strengthened its image on the international stage but also gained several new partners, significantly expanding its network.

Projects and achievements: the year in numbers

The year 2024 was a record year in terms of the number of completed projects:

• More than 10 major orders in shipbuilding, hull assembly at shipyards in Germany and the Netherlands were completed. The quality of work was highly appreciated by the customers.
• Completed 3 projects in the field of bridge construction, including the construction of complex bridge structures in Germany.
• Special attention was paid to interior works at customer shipyards in Finland and Türkiye. This is one of the priority areas for the company.
• 4 contracts for the manufacture of offshore structures were fulfilled. Navalis Group specialists performed work on welding of buoys, depth cutters, superstructure platforms, park installations, elevator shafts and e.t.c

The growth in orders allowed the company to develop its staff and attract new employees.

Innovation and sustainable development

The company has been actively introducing innovative technologies, optimizing production processes. The application of laser technology, automation of mechanical processing and the use of environmentally friendly materials in insulation works have made it possible to achieve significant results.

New partners and cooperation horizons

One of the key achievements was the recruitment of several new partners from different shipbuilding sectors. These strategic alliances have opened up access to new markets and opportunities for further growth.

Management and marketing.

The beginning of the year was marked by changes in the management structure. The renewed management team brought a modern approach to planning and implementation of strategic tasks, focused on adaptation to rapidly changing market conditions.

Special attention was paid to marketing initiatives. Navalis Group implemented the latest digital tools for interaction with customers and partners, including targeted advertising campaigns, updating the corporate website and active presence in social networks. These measures helped to strengthen the brand’s position and attract new customers.

Conclusion: a year of success and ambition

The year 2024 was a year of great changes and significant achievements for Navalis Group. Expanding the range of services, strengthening international cooperation, updating management and marketing strategies allowed the company not only to maintain a strong position in the market, but also to lay the foundation for future development.

Looking forward to the future, Navalis Group is ready for new challenges, while maintaining its commitment to sustainable development. We thank our customers, partners and employees for their trust and contribution to our common success!