Industry News
Platinum Yachts Ceases Trading
We have been informed today by a reliable source that Platinum Yachts has ceased trading. Platinum Yachts representatives could not comment on this.
Platinum Yachts was specifically set up to build the world’s largest yacht – motor yacht Dubai. The magnificent 162 metre yacht was taken on by Platinum Yachts to complete for HH Sheik Mohammed bin Rashid al-Maktoum in 2006.
Following the launch of Dubai, Platinum Yachts used the knowledge and experience gained during Dubai's construction to take on a number yacht conversions and refits, with Dubai Magic, Dubawi and Dubai Shadow.
Platinum Yachts then expanded into new yacht construction, with project Triton - an 87.3 metre motor yacht. However the project was cancelled due to last year's economic climate. Another project DBII, would have seen the transformation of a passenger vessel into a 90.6 metre luxury motor yacht.
Platinum Yachts was part of the Drydocks World Group, which has shipyards located around the world.
We have been informed that an official announcement will be made soon.
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By: M. Tempest
Published: 5th Jan 2010
- Company Profile:
- Platinum Yachts
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