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Palumbo Group enters MondoMarine

04 January 2018

Palumbo Group officially confirms the entry into Mondomarine, historical Italian shipyard based in Savona which has been in trouble for months until 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 grant the restart of the activities, along with the immediate reinstatement of nine employees. The aim is to further reinstate a good part of the Mondomarine Savona workers, as a consequence of the desired, final acquisition.

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 its strategic development plan concerning its own network of shipyards in the Mediterranean and, of course, the new build division.

Palumbo Superyachts Division, with the Columbus Yachts and ISA Yachts brands respectively dedicated to the construction of custom and semi-custom yachts, is, in fact, a constantly growing company that draws strength from 50 years of the Group's experience in the ship refit-repair and new build sector and from its indisputable financial solidity.

Palumbo started in the 1967 as a fairly small carpentry and metalwork yard to support the local shiprepair 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 center with an ever expanding network within the Mediterranean. Celebrating half a century of history with equally significant accomplishments, it has grown to become a major player in the shipping industry and is building up its growth and reputation in the luxury yacht world for both new build and refit repair. 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.

For further details, please contact:
Palumbo Malta Shipyard Ltd.
The Docks, Ghajn Dwieli Road,
Paola PLA9056
Tel: 23960000
Fax: 21824027