The Baltic enterprise survived three empires and three economic systems, but never found a universal recipe for economic well-being. In the 19th century, its founders owed creditors 3.46 million rubles; In 2011, the shipyard's debt was already estimated at 12-15 billion. Between these two crises, the factory managed to be private and state-owned, and survived changes of owners and eras. Read about how none of the management models saved one of the main shipyards in the country from debt traps in your font article.