German submarine U-516 was a Type IXC U-boat of the Nazi German Kriegsmarine during World War II. She was laid down at the Deutsche Werft (yard) in Hamburg as 'werk' 312 on 12 May 1941, launched on 16 December 1941 and commissioned on 21 February 1942 with Korvettenkapitän Gerhard Wiebe in command. U-516 began her service career with training as part of the 4th U-boat Flotilla from 10 March 1941. She was re-assigned to the 10th flotilla for operations on 1 September 1942, then the 33rd flotilla on 1 October 1944.
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