Megayachts make it possible to venture to places you’ve long wanted to visit. They also make it possible to venture to places you may never have imagined you’d visit. In this spirit, Mondomarine is enticing yacht buyers with a new series, which blends styling of adventurous explorers with that of more traditional Italian cruisers (a.k.a.
The future of the yacht builder Mondomarine is finally set. Following negotiations dating back 11 months, Palumbo Superyachts, the parent for a handful of new-build and refit sites in Europe, has formally brought the brand into its fold. The yacht division of the Palumbo Group, Palumbo Superyachts finalized the deal last week. The Port Authority
On June 13, an Italian bankruptcy court will sell the former Mondomarine construction sheds and equipment at auction. This impacts the existing site leaseholder, Palumbo Superyachts Refit, which has usage rights through June 30. While it reportedly has submitted a bid, it isn’t guaranteed the ownership contract. According to the newspaper Il Secolo XIX, three
Due to an agreement finalized in the last days of 2017, the Palumbo Group is now in charge of operations at fellow Italian megayacht builder Mondomarine. The agreement, approved by an Italian bankruptcy court and labor unions, is just for six months. However, it allows nine Mondomarine employees to return to work as of January
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
Eclectic doesn’t even begin to describe the ambiance aboard Sarastar, one of the many megayachts on display at this week’s Monaco Yacht Show. The diversity begins even before you step inside the saloon (above) and see the green stone beneath your feet. Colors, materials, tones, and textures all come together this 197’5” (60.2-meter) megayacht, built