NEWS

Swedish shipyard Najad goes bankrupt

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A Swedish shipyard Najadwhich over 40 years has built over 1000 sailing boats in the 35-50 foot size, declared bankruptcy. In Russia no one sold these boats and few people heard about the brand, so the news, maybe, does not particularly concern us. But the whole picture makes us alert. A couple of weeks ago. Fairline was taken over by investment firm Better Capital and RBS Bank "in order to clear its balance sheet of debt". The trend is clear: the struggling majors will find a buyer one way or another, while lesser-known brands are left to wither on their own. This is worth considering if you want to order a new boat from one of the smaller yards - there is a real risk to be left with an unfinished boat and no money.

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