In 1950 B&V created a new subsidiary company, Steinwerder Industrie AG, to manufacture machinery and boilers on the site. Its shipyard fortunes began to revive in 1952 when the new company was allowed to restart ship repair work and the City of Hamburg subsequently guaranteed it credit. By 1953 some 900 workers were back in employment. The building of new ships would later also be allowed again. During this period of resurrection the level of investment required meant that B&V moved out of private hands and became a publicly quoted company, 50% owned by Phoenix-Rheinrohr AG, itself soon to be consolidated into the Thyssen Group. Even so, B&V would never regain its former size. In 1966 it took over neighbouring shipbuilder H. C. Stülcken Sohn.