Palumbo Group Takes Over Mondomarine

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 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

Superyacht Sarastar: Monaco Yacht Show Preview

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 Continue reading