On March 23, 1995, private company of Marine Engineering Bureau was officially registered, which was created by a group of young scientists of the shipbuilding faculty of the Odesa National Maritime University (formerly the Odesa Institute of Naval Engineers) with the aim of practical application of their knowledge in the field of construction mechanics of ship and seaworthy qualities of vessels.

Bureau has gone from a small firm engaged exclusively in calculation tasks for the ship's hull and scientific research to the order of classification societies, to an organization that performs almost the entire range of engineering works for shipping and shipbuilding.

Marine Engineering Bureau has started development of new vessels’ projects since May 2000, and as of the end of March 2025, 476 vessels of different types were built.

Number of full-time employees increased from 4 to 60 people, while the workforce constantly improves their qualifications with full cooperation from the side of development, creative and production activities, including the development of new and improvement of existing design technologies, development of own software products for design.