Superyacht Builder Of Sailing Yacht A Files For Insolvency

superyacht builder of sailing yacht a files for insolvency

The 468-foot-long ‘Sailing Yacht A’ is owned by Russian tycoon Andrey Melnichenko.

AFP via Getty Images

The German shipyard Nobiskrug has been building ships on the Kiel Canal for well over 100 years. And over the last 20 years, the company has built some of the most recognizable superyachts in the world. But none are more recognizable than the Philippe Starck-designed, 468-foot-long Sailing Yacht A that’s owned by Russian Billionaire Andrey Melnichenko. In fact, when it comes to cutting-edge design and being able to offer one of the world’s wealthiest people the opportunity to build a one-of-a-kind yacht that’s unfettered by convention or cost, it would hardly be a stretch to say the Nobiskrug-built Sailing Yacht A is the ultimate superyacht.

Luxury yacht ‘Sailing Yacht A’ built for Russian billionaire Andrey Melnichenko, is seen near the … [+] harbor of Monaco. – The sail-assisted motor yacht was designed by French Philippe Starck and built by Nobiskrug shipyard in Kiel, northern Germany. (Photo by ANDREJ ISAKOVIC / AFP) (Photo by ANDREJ ISAKOVIC/AFP via Getty Images)

AFP via Getty Images

So, it would be easy to assume that a shipyard that can build something that’s as large, and sophisticated, and revolutionary and never-been-done-before as Sailing Yacht A could report record profits and strong business fundamentals and projections…

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