Following its bankruptcy hold-off ruling on July 5, Italian superyacht builder Mondomarine has just over two months left to find a buyer or another solution to its financial difficulties if it is to survive.
The company, which also owns Cantieri di Pisa, has been working on a rescue package and was given a 120-day period to solve its significant financial problems at the hearing in July.
Local media reports suggest that Mondomarine has been talking with a Chinese marine investment company, Shandong Ocean Investments. Despite several attempts, IBI has been unable to confirm that negotiations with Shandong are still underway.
There is no indication that any other buyers are talking with Mondomarine, despite a comment from a leading industry executive earlier this year that suggested a solution would be found and that that solution would be Italy-based.
In the meantime, a meeting has been called for August 31, 2017 to try to raise support from within Savona for Mondomarine and its financial challenges.