Cantieri di Pisa Returns to Operations

A ribbon-cutting ceremony on February 6 marked the official return to business for Cantieri di Pisa’s long-shuttered facility. While yacht construction may not be in full gear until 2021, the new owners are completing three partially finished megayachts. Furthermore, they’re renovating the build sheds and investing in new designs. Established in 1945, Cantieri di Pisa shut 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

PHOTO: Facebook/Mondomarine

Search & Seizures at Mondomarine Offices

The Italian fiscal police searched three Mondomarine offices in Italy this week, removing items from each. It’s the latest development in an investigation into the builder’s business operations. Mondomarine’s problems became public in March, when it laid off 100 workers. The shipyard’s owners began seeking a buyer by summertime, to avoid being forced into bankruptcy Continue reading