Photo: Mondomarine Shipyard

Palumbo Buys Mondomarine

By Aiswarya Lakshmi!!!

Italian yard Palumbo Group has acquired the former Mondomarine facility in Savona on an initial six-month lease, reports local media.

"By leasing the business unit of the Savona shipyard, Palumbo Group will grant the restart of the shipyard's activities, along with the immediate reinstatement of nine employees." Palumbo Group explained in a statement. "The aim is to further reinstate a good part of Mondomarine Savona workers, as a consequence of the desired, final acquisition."
The deal saves 9 jobs from the Italian shipyard that went into liquidation towards the end of 2017, which put a total of 57 jobs at risk.
Before its liquidation, Mondomarine was a key player in the Italian yacht market and built more than 30 yachts over a 25-year period. Its biggest asset is the ability to construct yachts up to 70 metres.
According to sources a new company called Savona Superyachts has been formed to operate the site, with a focus on refit projects - all of the part-finished Mondomarine projects have now been shipped to other yards for completion.
This news follows the Palumbo Groups recent acquisition of ISA Yachts in Ancona, which is now one of the main superyacht production sites for the major Italian shipbuilding brand.
Group photo of MOL Maritime (Europe) B.V. and MOL management provided  by MOL

MOL Acquires Seafarers Manning Company

Japan's Mitsui O.S.K. Lines (MOL) has announced that MOL acquired 100% of the issued shares of Azalea Maritime B.V. on December 21st, 2017.   Azalea Maritime changed its name to

Photo: Kees Torn, Port of Rotterdam

More Vessels Call on Port of Rotterdam

Over the past year, 29,646 sea-going vessels entered the port of Rotterdam. This is over 600 more than the preceding year (29,022 sea-going vessels).    The number of incidents

Photo: TGP

Trans Global Projects Celebrates 30 Years

International logistics solutions provider Trans Global Projects Ltd (TGP) celebrates its 30th anniversary in 2018. TGP was founded on January 4, 1988 by Julian Clarke

Photo: Sevan Marine ASA

Shell Penguins Field FPSO Contract for Sevan Marine

Shell has announced the final investment decision for the Penguins field redevelopment project in the UK sector. The decision includes the construction of a new-build Sevan

Photo: Shanghai Waigaoqiao Shipbuilding Co., Ltd

China Rolls-out World's Second-Largest Ore Carrier

The second-largest ore carrier in the world was officially named Yuanhehai and delivered to China Ore Shipping, affiliated with China Cosco Shipping Corporation, in Shanghai

Dr Lam Pin Min, SMS, Ministry of Transport and Ministry of Health, at the PSA ‘Intelligent Port of the Future’ Exhibition showcasing the transformation of port operations through technology and innovation. Photo:  Maritime and Port Authority of Singapore

Road Map to Boost Singapore Maritime Industry

Dr Lam Pin Min, Senior Minister of State (SMS) for Ministry of Transport and Ministry of Health, launched the Sea Transport Industry Transformation Map (ITM) at the annual