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

Cantieri di Pisa & Mondomarine May Still Seek New Ownership

Mondomarine’s owners still wish to secure a buyout by the fall. The news comes following a meeting about the future of Mondomarine and its sister shipyard, Cantieri di Pisa. According to a few Italian media outlets, Gianfranco Simoncini, adviser to the Regional Councilor of Tuscany on labor issues, called the meeting on July 28. Representatives for Continue reading