Yes the nearest city is Hamburg. The yard is on some waterways / canals built in-wards (south) from the Baltic sea. Some cruise ships, sailing the Baltic, make stops at Hamburg, just think that cruise could make a shore excursion to see the first new ship being built......
Beware of rumours for 2010 of
Alaska, its for the future.
Last information I had, A
Transatlantic is more probable,
Including the Magic going
Cruising to Scandinavia and Russia
From the map, it looks closer to Breman, Germany: http://www.meyerwerft.de/wegbeschreibung.asp?lang=e&main=5&subs=0&did=648
And woohoo for your BALTIC acrostic!