Nobiskrug, the shipyard famous for building the 142.81 metre Sailing Yacht A, has filed for insolvency, according to reports.
German media, including broadcaster NDR, reports the superyacht shipyard has engaged the Neumünster District Court and begun insolvency proceedings.
Artefact
Image credit: Tom van Oossanen
NDR reports the yard was struggling to overcome “critical developments” in yacht construction, citing the coronavirus pandemic for exacerbating financial difficulties.
Owned by international shipbuilding group Privinvest, Nobiskrug was founded in 1905 and has produced standout superyachts including the 80 metre hybrid motor yacht Artefact, 92.42 metre Tatoosh and world-famous Sailing Yacht A.