This book explores the transformation of Danish shipbuilding from 1975-2015. Specifically it expores the closure of B&W Shipyard in 1980, Nakskov Shipyard in 1986, Aalborg Shipyard in 1987-88, Burmeister and Wain Shipyard in 1996 and Danyard Frederikshavn in 1999. The author identifies 27 firms that were spun out during the closure of five Danish shipyards and finds that several of these firms were able to apply the inherent resources in new activities with more value added. The book also finds that the competencies of the redundant workers from the four shipyards were useful in other parts of the Danish labor market. The book sheds new light how internal and external factors influence the transformation of mature industries.