Skip to main content

German Superyacht Yard Files for Bankruptcy


Nobiskrug, the German shipyard founded in 1905, has filed for bankruptcy protection, German news outlet Norddeutscher Rundfunk reported.

The superyacht yard made headlines when it launched Sailing Yacht A in 2017. At 468 feet, she is the world’s largest sailing yacht, and her three, 300-foot masts are the tallest, most highly loaded freestanding composite structures.

Norddeutscher Rundfunk said the company has had issues from previous management decisions and the Covid-19 pandemic; it announced layoffs for 120 employees last year, or 30 percent of its workforce.

According to Nobiskrug, the shipbuilding group Privinvest had made investments of almost

EUR180 million ($215 million) in the last several years without a return. Nobiskrug provided no further information.

Economics Minister Bernd Buchholz was hopeful that the company can continue after bankruptcy proceedings commence.

“There are still various possibilities that can create prospects for the workforce and also for the company itself,” Buchholz told Norddeutscher Rundfunk.



Mass. Opens Office of Outdoor Recreation

The new office will coordinate outdoor recreation policy, identify funding opportunities and more.


OneWater Marine Completes Acquisition

Harbor View Marine has a marina facility in Pensacola, Fla., and a dealership in Orange Beach, Ala.


Florida Panhandle Marina Reopens

Destroyed by Hurricane Michael in 2018, Point South Marina in Port St. Joe has new drystack storage and is adding slips.


Wakesports Luminaries Recognized

The 2022 class of Wakesports Hall of Fame inductees includes influential pioneers from the sport’s earliest years.


Sea Tow Holds Annual Meeting

The company presented awards in a variety of categories, including the Captain Joe Frohnhoefer Visionary Award, named for Sea Tow’s founder.


Four Winns Launches Electric Boat

The builder partnered with Vision Marine Technologies on the H2e, a production bowrider powered by an electric outboard.