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Danish superyacht builder goes bankrupt

Discussion in 'General Yachting Discussion' started by taobsu, May 19, 2009.

  1. taobsu, May 19, 2009
    #1
    taobsu

    taobsu New Member

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    Just see this another superyacht builder in trouble. That is a huge blow.

    Danish superyacht builder goes bankrupt

    By IBI Magazine/Michael Howorth

    The Danish daily newspaper Borsen is carrying a story in which it says that Royal Denship, the yard in Aarhus that built, among others, the superyachts Turmoil, Big Roi and Princess Marianna, has declared itself bankrupt.

    The company's website states that court-appointed lawyers were appointed when the declaration was made official on April 3, 2009.

    The newspaper quotes Lars Skytte Jorgensen, CEO of Royal Denship, as saying: "A combination of cancelled orders and clients failing to pay on time led to the decision."


    (19 May 2009)
  2. goplay, May 19, 2009
    #2
    goplay

    goplay Senior Member

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    That's a shame, I know the founder, a forward looking innovator in the field. Very solid build but not highly differentiated, a factor that may be especially critical in these survival times.
  3. Medicine Man, May 22, 2009
    #3
    Medicine Man

    Medicine Man New Member

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    Really sad news! I met him with the Turmoil owner while construction was underway in 2006. Red flags were being raised then, but thought he might be able to pull out of it. Big blow to the Assens economy.