Superyacht News

News: Gruppo Baglietto Shipyard To Close Down

March 30, 2010 by Superyacht News
View large version of image: Gruppo Baglietto Shipyard To Close Down

The Italian Gruppo Baglietto established in 1841 by Pietro Baglietto has been a very popular name in the yachting circle for most of its magnificent yachts. However, this long standing shipyard which has its offices in La Spezia and Varazze is soon to close down. Before calling in for closure, the company had superyachts such as Ancorra, Oxygen, Lucky Me and Apache II to its credit.

According to reports, since a liquidator was summoned by the Italian courts, the company is in liquidation. It was fiercely gripped by the financial downturn and compelled to wind up all its operations. Currently, the Italian courts are looking for someone who can take charge of this prestigious shipyard.

Gruppo Baglietto along with Cantieri di Pisa was tremendously acknowledged for their 41m Blink which had won the honor of being the best semi-displacement superyacht in the 40+m series at the World Superyacht Awards. Today, the shipyard is on the verge of a closure due to the bank’s refusal for its plans. It met with losses to the tune of EU25 million in 2008 and that of EU105million in 2009. Besides this, the shipyard had its share of struggle with another loss – the almost ready 53m Hull – due to the fire in January 2009 which entirely destroyed the vessel.

This also prompted objection from 47 contracted workers at the shipyard on a set of locked gates. They raised their concerns over the abrupt closure of the company leading to a bleak future for them. However, liquidator Galanti Frederick had resolved all these issues with the union representatives.

Add a Related Photo | Add a Related Video 


No Comments - Share Your Thoughts

Leave a comment

You must be logged in to post a comment.

More Gruppo Baglietto Shipyard To Close Down Information:

  1. Launch of 46m displacement yacht Hull 10217 announced by Baglietto
    lucy

    News: Launch of 46m displacement yacht Hull 10217 announced by Baglietto

    July 8, 2014 by lucy

    The design of the new 46-metre displacement yacht Hull 10217 is created by Francesco Paszkowski who conceived both the exterior profiles as well as the interiors. The interior design has …


  2. Baglietto signs contract for sale of 46m displacement yacht
    black

    News: Baglietto signs contract for sale of 46m displacement yacht

    March 26, 2014 by black

    The 46m Baglietto superyacht, whose construction at the La Spezia shipyard is already at an advanced stage, joins Baglietto’s new line taking on its distinctive stylistic features: slightly square lines, …


  3. Baglietto premiered new 44m superyacht MONOKINI
    black

    News: Baglietto premiered new 44m superyacht MONOKINI

    July 5, 2013 by black

    Since 1854 Baglietto has made the history of Italian shipbuilding. Its new era started over a year ago, and has so far envisaged a relaunch of the brand, its products …