PHOTO: Facebook/Monaco Marine

Monaco Marine Challenges Palumbo’s Mondomarine Bid

Palumbo Superyachts Refit, whose temporary lease of the Mondomarine yard is expiring, reportedly has provisional approval for longer-term use. However, the assignment faces appeal by Monaco Marine.  According to Italian newspapers, the Port Authority of Savona, Italy, granted Palumbo Group, parent company of Palumbo Superyachts Refit, a four-year land concession. (The Port Authority owns the Continue reading

Baltic Yachts Bids for Cantieri di Pisa

According to reports, Baltic Yachts has submitted a formal purchase offer to the bankruptcy officials overseeing Cantieri di Pisa. Italian newspapers state that the Finland-based yacht and megayacht builder submitted the bid on June 7. In fact, they report, the offer exceeded €3 million (about $3.5 million). We reached out to Baltic Yachts for commentary, Continue reading

Southern Wind Shipyard Plots Its Future Course

A combination of longtime shipyard executives as well as customers now runs Southern Wind Shipyard. This follows the sudden death of the shipyard’s founder just last month. Willy Persico, who established the shipyard in South Africa in 1991, died on May 12. According to a statement from Southern Wind today, Persico had already mapped out Continue reading