Construction has resumed at Moonen Shipyards after works were suspended due to financial reasons. Altos Hornos de Mexico, the largest integrated steel plant in Mexico and a major shareholder in Moonen, paused building of a new yacht Martinique because the global steel market collapsed.
The yard announced that strong recovery and construction of 30 metre yacht Matica - the first of the Moonen Caribbean series superyachts to be signed by a buyer -has restarted.
"As the hull and superstructure of the 30 metre motoryacht Matica were joined together, it symbolized the unity and determination to see the yard come out of its recent financial turmoil and regain its place as a leading exponent of premium quality yachts", the official statement reads.
Emile Bilterijst, Moonen's managing director, says the owner of the Matica and Altos Hornos de Mexico (AHMSA) each played a role in restarting construction. "His desire to find a way in which the project could be continued, together with the ongoing support of AHMSA on a lower level, have been among the key factors that have helped Moonen get back on course," Bilterijst states.
"We are very grateful to these three clients for their loyalty and proud that they have retained their trust in the people at this yard," adds Bilterijst. "Despite the difficult situation at the yard we have been able to keep our experienced workforce and the expertise they hold. This is vital to our future as it is people that make a yard, not the facilities. Clients can have complete confidence that Moonen is capable of building the first-class superyachts that have given the yard its excellent reputation."
The hull of Martinique is 90 per cent finished and now Moonen is looking for a new buyer.
The yard announced that strong recovery and construction of 30 metre yacht Matica - the first of the Moonen Caribbean series superyachts to be signed by a buyer -has restarted.
"As the hull and superstructure of the 30 metre motoryacht Matica were joined together, it symbolized the unity and determination to see the yard come out of its recent financial turmoil and regain its place as a leading exponent of premium quality yachts", the official statement reads.
Emile Bilterijst, Moonen's managing director, says the owner of the Matica and Altos Hornos de Mexico (AHMSA) each played a role in restarting construction. "His desire to find a way in which the project could be continued, together with the ongoing support of AHMSA on a lower level, have been among the key factors that have helped Moonen get back on course," Bilterijst states.
"We are very grateful to these three clients for their loyalty and proud that they have retained their trust in the people at this yard," adds Bilterijst. "Despite the difficult situation at the yard we have been able to keep our experienced workforce and the expertise they hold. This is vital to our future as it is people that make a yard, not the facilities. Clients can have complete confidence that Moonen is capable of building the first-class superyachts that have given the yard its excellent reputation."
The hull of Martinique is 90 per cent finished and now Moonen is looking for a new buyer.