The Triton

Where in the World

Palumbo Group leases Mondomarine shipyard

ADVERTISEMENT

Italian new-build and refit company Palumbo Group has taken over the former Mondomarine shipyard in Savona, Italy, on a six-month lease. Mondomarine had been a major player in Italian shipbuilding for 25 years before its bankruptcy liquidation in December.

In a company statement, Palumbo Group said the lease will allow it to restart Savona shipyard activities, including the immediate reinstatement of nine former Mondomarine employees. Upon final acquisition, the company said, it intends to rehire more former Mondomarine Savona workers.  

Palumbo Group said its entry into Mondomarine is part of a strategic development plan to expand its network of Mediterranean shipyards. The Savona acquisition brings its total number of facilities to eight.

The company’s new-build division, operating as Columbus Yachts since 2008, recently acquired ISA Yachts shipyard in Ancona as one of the group’s main megayacht production sites.

The group also has shipyard facilities in Malta, Marseille, Naples, Messina and Tenerife, as well as a commercial office in Monaco.

Related Posts...
As Taiwan superyacht builder Johnson Yachts celebrates its 30th anniversary Read more...
ART: MARINA BSE Mitchell (1) ----- If need more use Read more...
Nautical Ventures Group is now the operator of Anglers Marina Read more...
In recognition of their efforts to reduce negative impacts on Read more...

Share This Post

About Lucy Chabot Reed

Lucy Chabot Reed is publisher and founding editor of The Triton.

View all posts by Lucy Chabot Reed →

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Editor’s Picks

Acrew announces 2019 Crew Award finalists

Acrew announces 2019 Crew Award finalists

Finalists for Acrew’s 2nd annual Crew Awards have been announced. The finalists will be presented to an independent and anonymous panel …

News in the brokerage fleet: Alia project sells; Admiral new builds listed

News in the brokerage fleet: Alia project sells; Admiral new builds listed

Yachts sold Project Al Waab II, a 180-foot (55m) new build from Alia Yachts designed by Vripack, with delivery scheduled for summer …

Spin event raises $5,000 for charity

Spin event raises $5,000 for charity

Young Professionals in Yachting raised more than $5,000 for the Children’s Diagnostic and Treatment Center in Fort Lauderdale on Friday …

Crew Compass: Working for liveaboards a seismic shift from charter life

Crew Compass: Working for liveaboards a seismic shift from charter life

Crew Compass: by Lauren Loudon People always ask me what it’s like to work on yachts? You must have some good stories, they say. …