Bankruptcies and Restructuring
Bankruptcies and reorganizations force change on the marine industry as companies react to difficulties in the economy or their market by leaving recreational boating or shifting to a new and different role.
Perini Navi Declared Bankrupt
The Italian shipyard’s debt restructuring plan was rejected in court.
U.K.’s Discovery Yachts goes into administration
The decision to be overseen by an insolvency firm means that hundreds of small “crowd-fund” investors could lose their investments.
Bankrupt Dutch builder gets new owner
Moonen is purchased by an industrialist from Australia.
Moonen: ‘This bankruptcy came at the right moment’
A company source said a serious investor has emerged as a potential buyer for the Dutch superyacht builder.
Dutch builder placed into bankruptcy
Moonen Yachts was owned by a Mexican steel company accused of money laundering.
Italian yacht builder to buy Bavaria Yachts?
Reports in a German newspaper say the deal is imminent
Positive outlook at Premier Pontoons after bankruptcy
Premier Pontoons emerged from bankruptcy after a private lender, now the shareholder of the company, made the highest bid for the company.
Premier pontoons emerges from Chapter 11 bankruptcy
Minnesota-based Premier Pontoons — Premier Marine Inc. — has emerged from Chapter 11 bankruptcy and plans to continue building pontoons and supplying products to its nationwide dealer network.
Premier says it’s on the comeback trail
Company was forced to file for Chapter 11 reorganization after a 2011 acquisition went south
Premier Marine files for bankruptcy protection
The company listed in a filing on Monday estimated liabilities between $10 million and $50 million.
Struggling to keep Gunboat afloat
Peter Johnstone, of the iconic boatbuilding clan, has a cheering section as he steers through a fiscal ‘perfect storm.'
Gunboat International files for bankruptcy protection
Gunboat International filed for Chapter 11 bankruptcy protection on Wednesday.
