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Danish superyacht builder goes bankrupt
The Danish daily newspaper Borsen is carrying a story in which it says that Royal Denship, the yard in Aarhus that built, among others, the superyachts Turmoil, Big Roi and Princess Marianna, has declared itself bankrupt.
The company's website states that court-appointed lawyers were appointed when the declaration was made official on April 3, 2009.
The newspaper quotes Lars Skytte Jorgensen, CEO of Royal Denship, as saying: "A combination of cancelled orders and clients failing to pay on time led to the decision."
Michael Howorth, SuperYachtWorld, 20 May 2009
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