U.S.-based yacht manufacturer Palmer Johnson is closing its operations in Hampshire, U.K., a move that will cost 110 jobs.
And the company's plans to build a boatyard on the former VT site in Southampton, which would create 800 jobs, are in limbo, the Daily Echo newspaper reports.
The studio entered the megayacht sector with a recently launched 164-foot Riva.
Malibu CEO Jack Springer said that by licensing its patents, the company continues to defend its surf technology from “unauthorized adopters.”
The goal of the partnership is to reduce the superyacht industry’s ecological footprint.
Instruction will be part of school’s powersports program.
The parent of The Moorings, Sunsail and Footloose said the “unprecedented investment” went to buying new boats and upgrading its base network infrastructure.
A company source said a serious investor has emerged as a potential buyer for the Dutch superyacht builder.
