The yard, formerly International Technic Marine, was acquired less than two months ago by the Italian group and is now fully operative. The acquisition came about after the group’s bid for the yard was approved by the Commercial Court of Marseille in February this year.
“The Palumbo team worked very hard in the last couple of months to make this possible,” the group said in a statement released upon announcing the new activity. “The entire work has been carried out by local manpower bringing the yard back to the success gained in the past.”
At the moment, the yard covers an area of about 12,000 square metres, comprising four large dry docks ranging from 80-126m, a covered shed of about 95m, and over 300m of quay for repairs afloat.
If you've found this story to be 'a report worth reading', and you would like to enjoy access to even more articles, insight and information from The Superyacht Group, then you may well be interested in our VIP print subscription offer. We are inviting industry VIPs to register for a complimentary subscription to our print portfolio, which includes the most insightful information on the state of the superyacht market. To see if you qualify for our VIP subscription package, please click here to fill in an application form