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Friday, May 15, 2009

Bad news for the shippyards...

The superyacht market is full of the most contradictory news and despite strong sales in 2007-2008, many famous shipyards see their project cancelled by clients...

COUACH - FR
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The French shipyard was put in receivership at the beginning of April 2009.

FERRETTI GROUP - IT
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Ferretti S.p.A. announced that the debt restructuring proposal has been accepted by The Royal Bank of Scotland for the senior loan and the financing pool of mezzanine lenders. Ferretti has reduced its long-term debt, from about €1.1 billion to about €550 million.

RODRIGUEZ GROUP - FR
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Although Rodriguez Group is not a shipyard, Rodriguez Group has opted for "safeguard to consolidate its perspective". Arno shipyard and Overmarine shipyard, the two exclusive Italian contractors for Rodriguez Group, have seen their order book decreased drastically.

ROYAL HUISMANN - NL
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According to Alice Huisman : "Royal Huisman has also felt the effects of the current recession by way of the cancellation of two of our new build projects, Gitana and the Windjammer Project".
However, the Dutch shipyard is still very busy with project like the 58m Twizzle or the 49m Spirit of Tradition.

JONGERT - NL
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The Dutch shipyard management team expects potential investors could save yard from bankruptcy.

ROYAL DENSHIP - DK
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This famous Danish shipyard built one of the most stylish superyacht in 2003 MY "Princess Mariana".
Unfortunately, on 3rd April 2009, the shipyard was adjudicated bankrupt by the Bankruptcy Court in Aarhus.

At the moment, the British shipyards are doing well despite an awful economy.
No news from the Chinese projects...

Who is the next one?

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