The objective of this study is to explore value creation in the shipbuilding supply network in Europe. The mixed methods research utilized combines or associates both qualitative and quantitative forms. Firstly, an analysis was conducted of financial statements spanning 3 years among supply chain companies in the network; secondly, a survey questionnaire was carried out (n >300 suppliers); and thirdly, a focused interview was conducted with managers from one shipyard in order to answer the research question. This exploratory paper discusses mixed method research, theory triangulation, and trust building processes in a supply network. Finally, the empirical results of the marine industry network research study are introduced.