Onego Shipbuilding Yard Ltd. was established on the basis of shipbuilding and ship repairing capacities of JSV "White Sea Onego Shipping Company" formed in 1944. The history of shipyards began in 1944 when on the newly formed assembly bays there was laid the construction of barges of projects and towing boats.

The new stage in history of yard began in 2002 in Petrozavodsk. During vigorous activity at the plant re-equipped with the modern equipment 18 heavy-tonnage vessels of different function, including with use of foreign experience and technologies have been constructed.

 In 2012 production has been stopped.

 At the end of 2014 With full support of the Government of the Russian Federation the decision on renewal of production and transfer of property of the Onegj shipbuilding plant in state ownership has been made. On the basis of capacities of plant of Federal State Unitary Enterprise "Rosmorport" carries out the project on development of own ship-building and ship-repair enterprise.

The purpose of implementation of the project is decrease in cumulative costs of Federal State Unitary Enterprise Rosmorport of operation of fleet and decrease in cost of the provided services in ports.