Palumbo Group exhibits at the 26th Monaco Yacht Show

Set in the iconic Port Hercules of the Principality of Monaco since 1991, the MYS is the only place to admire, visit and purchase around 125 extraordinary one-off superyachts built by the world’s most respectful shipyards, one of which is none other than Palumbo Group.

This year, Columbus Yachts, (the superyacht branch of Palumbo Group) has launched the 40 metre green superyacht ‘Divine’, which is on display throughout all the dates of the 2016 Monaco Yacht Show held between September 28 and October 1. This stylish superyacht is the second in the Sport Hybrid range by Palumbo and an exciting new award-winning showcase.

During a press conference at the Monaco Yacht Show, Palumbo touched upon the rich history of Palumbo Shipyards which has been in the shipbuilding industry since 1967. It was founded in Naples by Salvatore Palumbo, father of Antonio Palumbo, current Owner and CEO of the Company. Palumbo started out as a very small firm, performing carpentry and welding works until, in the 80’s it changed its main activity to the repair and maintenance of hulls. Nowadays, the Company operates mainly in repair, construction, modification, conversion and maintenance of every type of ship within 5 shipyards with 14 Docks located in Naples, Messina, Malta and Marseille in order to offer a wider service to its clients in the heart of Mediterranean.

During the press conference Palumbo emphasised the strategic importance of the acquisition of the Malta Facility with regard to their superyacht operation, greatly enhancing their overall international network within the industry.

A major new production and service site in Ancona, Italy was also announced. The move comes following the Palumbo Group’s acquisition of ISA Yachts, which was finalised in August. The new facility will form part of the Palumbo Superyacht division.

“The ISA Yachts site will have a twofold and strategic function,” says Palumbo. “It will become a central hub for the new units in production and for aftersales of the Columbus and ISA brands, but it will also be an important refit and repair service point for Palumbo Superyachts, expanding our presence in the Adriatic. We are convinced that this new asset will lead to a major change in the scenery in the Mediterranean with regards to the refitting and maintenance of large yachts.”