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Palumbo Group leases Mondomarine shipyard

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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.

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About Lucy Chabot Reed

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

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