PHOTO: JC Verchere

MB92 Buys Out Lürssen for Blohm+Voss La Ciotat

By the end of September, the name Blohm+Voss La Ciotat will be no more. Instead, the French facility will carry the branding of Marina Barcelona 92, a.k.a. MB92. MB92 is buying out the majority share held by Lürssen Maritime Beteiligungen GmbH & Co. KG, the parent company of the yacht builder Lürssen. Specifically, MB92 is acquiring Continue reading

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