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Sometimes service yards need some service of their own. Right in time for the summer Med cruising season, the Monaco Marine Golfe de St. Tropez shipyard has completed major upgrades and overhauls. Work began in December 2019. Although interruptions occurred due to Covid-19, including government-ordered shutdowns for five weeks early last year, the tasks reportedlyContinue Reading
The Italian yacht builder Cantieri di Pisa has new ownership once again. It follows a few years of potential promise alternating with uncertainty. A fellow Italian company formally took it over on May 3. In an interview with the Italian newspaper Il Sole 24 Ore, Enrico Gennasio, a businessman with holdings in manufacturing and realContinue Reading
If all testing goes according to plan this summer, fuel cell technology will provide the propulsion for a client of Lürssen. The shipyard is constructing not just its first-ever fuel cell powered superyacht, but also the first private vessel globally to incorporate such a system. With all the talk about sustainability and propulsion, it wasContinue Reading
UPDATE, MAY 3, 2021: The Court of Appeal of Florence has rejected the latest equity deal from Perini Navi’s ownership. On April 30, the court ruled against a restructuring plan involving the Italian private-equity company Clessidra. It therefore is upholding another court decision from January, which placed Perini Navi into bankruptcy. At this point, theContinue Reading
Citing “critical developments” in yacht building, the German shipyard Nobiskrug is seeking bankruptcy protection. While it asserts current contracts remain unaffected, it is indicating the future of operations remains uncertain. According to t-online, Germany’s largest news portal, Nobiskrug confirmed it filed with the Neumünster District Court, part of the Kiel regional court system. The globalContinue Reading
When Alva Yachts opened its doors in Germany a few years ago, the management team was convinced that electric yachts were the future. While it has seen growing interest across Europe, the Middle East, and Asia, interestingly, it is seeing particularly strong demand from North America. To better service Americans and others in the region,Continue Reading