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MSC Cruises Buys 50% Stake In Palumbo Malta Shipyard

MSC Cruises buys 50% stake in Palumbo Malta Shipyard

Source: PortSEurope

Geneva, Switzerland and Paola, Malta, 30 July 2020 – MSC Cruises and Palumbo Group today announced they have formed a joint venture to operate the Palumbo Malta Shipyard The new joint venture sees MSC Cruises take a 50% stake in the shipyard and become an equal partner alongside the current owner Palumbo Shipyards. The shipyard has become an international professional centre of excellence for shipping repairs over the last ten years since Palumbo Group took it…

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