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Palumbo Group have moved into Mondomarine, as they seek to expand operations.

Palumbo Group have officially confirmed their entry into Mondomarine, the historical Italian shipyard based in Savona. The shipyard has been in trouble for months following the judicial winding up of the business at the end of December 2017.

By leasing the business unit of the Savona shipyard, for a period of six months, Palumbo Group will restart activity at the site, along with the immediate reinstatement of nine employees. The aim is to further reinstate a good part of the Mondomarine Savona workers after the final acquisition of the shipyard.

Palumbo started  in  the  1967  as  a  fairly  small  carpentry  and  metalwork yard  to  support  the  local  ship repair  industry. Currently the company is a group with two major divisions (new build and refit-repair) and seven different sites.

Palumbo today represents a major maritime maintenance and refitting centre with an ever expanding network within the Mediterranean.

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After the recent acquisition of the ISA Yachts shipyard in Ancona, which is now one of the Group’s main superyachts’ production sites, the entry into Mondomarine represents a new, important step for Palumbo in their strategic development plan concerning its own network of shipyards in the Mediterranean and, of course, the new build division.

The  new  build  division  which  has  been  operating  under  Columbus  Yachts  since  year  2008  recently  welcomed ISA Yachts, one of the most celebrated international brands in the superyacht industry, as part of the group.

Palumbo Superyachts Division, with the Columbus Yachts and ISA Yachts brands respectively, are dedicated to the construction of custom and semi-custom yachts. The Group is growing constantly drawing strength from 50 years of experience in the ship refit-repair and new build sector.

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