The shipyard's press release states: "Due to cash flow problems, investor AHMSA is unable to finance the new yachts currently under construction in the halls in s'Hertogenbosch and Groot-Ammers. This results in an immediate cash flow congestion at Moonen."
As one of the largest steel manufacturers in Central America, the main investor is currently suffering greatly from the drop in steel prices of up to 40 per cent in the last five months and from tough and cheap steel competition from China and Russia.
Just a few weeks ago, during the HISWA press tour, the Moonen management announced three sales of yachts from the new "Caribbean" series (1 x 29.90m model "Matica", 2 x 36.30m "Martinique"), which were to be delivered by 2017.
It is currently still unclear what will happen to the shipyard. The requested payment deferral gives the management a little time to seek new investors and thus raise funds for a new start.

Editor in Chief YACHT