Another superyacht builder is to quit building yachts in the USA.
Declaring that it finds it to be more competitively advantageous to build in Europe, Palmer Johnson the US yacht builder is to close the doors of its Wisconsin shipyard in Sturgeon Bay with the loss of 100 jobs locally.
The news comes despite the fact that Palmer Johnson has already tried building yachts in the UK and failed dramatically
The company confirmed the US facility closure saying, in an official statement; Production of the new carbon composite SuperSport series of yachts will be transferred to an existing shipyard in The Netherlands and that the closure of Sturgeon Bay will take place when hull No 3 of the PJ 170 SportYacht, currently under construction is delivered to Europe.
The news follows on the heels of the US yacht builder Christensen closing its doors without warning and US builder Trinity Yachts acquired by Harvey Gulf International. While the Christensen yard has subsequently been sold on the fate of superyacht building operations at Trinity Yachts is yet to be confirmed.