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.
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.