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Who’s Who in Malta: Meet Antonio Palumbo – President, Palumbo Group

Mr Palumbo was born and bred within the shipbuilding and repair industry

11th August 2023

“Shipbuilding has been in my DNA since my father set up a modest yard in Naples in 1967,” Antonio Palumbo says. It remains his passion and, today, Palumbo Shipyards, which has eight shipyards in the heart of the Mediterranean, and Palumbo Superyachts are leaders in the shipping industry and construction/refitting of luxury yachts.

“We are driven by passion, sacrifice and respect and what distinguishes us from the rest is our reputation to maintain long-term relationships built on trust and quality,” he asserts.

The Group had very humble beginnings, when Salvatore Palumbo set up a fairly small carpentry and metal work yard to support the local ship-repair industry. 

Now, with more than half a century of experience in the shipbuilding industry, custom yacht construction and unique repair capabilities, Palumbo has become a major refit and repair network in the Mediterranean.

Get in touch: [email protected]

Who’s Who List in Malta is a collection of profiles of people involved and active in business, management and professional life in Malta. You can discover more by visiting whoswho.mt, Malta’s leading online business search engine and networking platform.

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INTERVIEW | Antonio Palumbo: ‘One of the best shipyards in the world’

Nine years after setting up shop in malta, palumbo shipyards have built a reputation for quality and efficiency. now, antonio palumbo tells business today he has a project in mind that would see the shipyard become one of the best in the world. that project will take two or three years to implement, and until then, he won’t say a word about it. but he did speak about his experience in malta this far.

You are in the business of ship repair and refitting, as well as ship and yacht building. What is your focus in Malta?

Our focus in Malta covers all naval activities – from maintenance, to refitting, to the transformation of all types of ships. Our shipyard is not specialised in a particular sector – we deal with all kinds of ships, from offshore vessels, to yachts, tankers, cruise liners and Ro-Ro ferries.

In the nine years that we’ve been operating in Malta, we have done work on all these types of vessels.

We’re also always up to date with the requirements imposed by the International Maritime Organisation, including those related to limiting emissions in the atmosphere. In fact, we recently secured a €6 million international contract to refit three Ro-Ro passenger ferries with fuel cleaning systems – known as scrubbers – which meet new environmental shipping rules.

How is the superyacht business doing, in general? And when might we perhaps see the first Palumbo superyacht built in Malta?

Contrary to popular perception, Malta is not on any central path used by superyachts. So attracting around 40 to 50 superyachts a year to Malta,  which are over 50 to 60 metres in length to the shipyard – something we are succeeding in doing – is quite a feat. We are confident these figures will continue improving and we are investing all our energy to surpass these numbers. We are working on presenting our shipyard as a superyacht-refitting village, the only one of its type in the world. So, apart from our competence and technique when it comes to what we do, we are also offering servicing and logistical facilities, ranging from hotel accommodation to a gym, spa and a shop selling nautical-related equipment.

In terms of when a Palumbo superyacht will be built in Malta, this is something I often think about,  but, unfortunately, the construction of a superyacht is a bit complicated. It requires a highly competent sub-contracted workforce. We have to keep in mind that we need to be competitive in such an endeavour, so I think we still need more time. But the right conditions exist, and its one of the objectives I have set my sights on.

Do you still believe Malta can benefit from repairing US Navy vessels if we had a Status of Forces Agreement with the United States?

A SOFA agreement would allow US Navy ships to come here for repairs, further contributing to the shipyard’s growth. But this is a very sensitive subject, so I am cautious not to say anything that can be misconstrued.

When you started your operations in Malta, had you been given any indication that the process to obtain a SOFA would have been facilitated?

No. Before I started operating in Malta in 2010, I knew that important repair work had previously been carried out on US Navy ships on the island. So it didn’t cross my mind that the country had no such agreement. I later became aware that SOFA was unfortunately, not in place. But we hope things can improve in this regard in the future.

How many full-time Maltese employees do you have?

The number of employees has decreased slightly, because some workers have retired, while others have found less strenuous work. We have around 70 to 80 full-timers at the moment.

Are your operations in Malta still financially viable, or might we see Dock 1 eventually transformed into a tourist attraction or something unrelated to ship building?

I hope this won’t be the case, because it would mean we didn’t do our job well. Having been in this sector for 50 years, we are determined to propel our activity into the future. We are buoyant about the future of this shipyard.

What are the challenges your shipyard in Malta faces?

Every day presents its own set of challenges. However, this ensures that we are always prepared to react and to be competitive when it comes to solving any problems which come our way.

In Italy you compete with other major shipyards. What can Palumbo offer to Malta which other ship builders cannot match?

Compared to other shipyard locations, Malta is situated at a central point in the Mediterranean. Location is crucial for a shipyard’s activities. Let us not forget that one of the docks here is 362 metres in length and is one of the best in the Mediterranean. Moreover, the country offers important facilities.

Palumbo has eight shipyards around the world, including the one in Malta. The Malta shipyard is the control centre of the entire network.

Are there challenges when it comes to finding workers?

It is a problem. In Malta, we find it hard to find local people with the necessary skills, so we have to rely on foreigners. It takes us about two months following a call for applications before we can find anyone, and this situation isn’t limited solely to Palumbo – it is happening across the board. The country needs to provide qualified workers more rapidly.

What does the future hold for Palumbo in Malta?

I have an idea germinating in my head and I believe that in two to three years’ time this shipyard will witness a very important development. Let us say that the shipyard will become not just close to the best, but one of the best in the world. We are committed to making this happen, and in two to three years the shipyard will enjoy the full success of its potential.

Can you provide more details on what your idea consists in ?

(Laughs). No, this is my secret for the time being.

What is the biggest lesson you’ve learned – positive or negative – since you started operations in Malta?

When I started our operations in Malta, I realised from the outset that I had to adjust to the reality on this island. In previous years I took some very, very important decisions. At the same time, they were also very courageous things to do, which I cannot imagine repeating now, because they would put at risk all that I have achieved. However, nobody ever showed me any recognition for them.

In Malta it has been different. Just a month after we started operating in here, we carried out an eight-day job on a ship. For me, this was a very normal job that didn’t require any particular effort. So I was quite surprised by the appreciation we received for this. In contrast, for instance, when my shipyard built a new 160-metre ship [in Italy], no one praised me for my good work. In Malta, I carried out this standard eight-day maintenance job, and I received letters complimenting me for the work.

Therefore, I wondered why such contrasting reactions existed between Malta and Italy. I then understood that the difference between the Maltese and Italian is that in Malta people communicate better. Italians have many plus points – we are creative – but we do not excel when it comes to our relationship with clients. I quickly understood this when I came to  Malta, and it was a major lesson for me, which I took on board.

I also wanted to ask you about the sentence by the court in Messina, Sicily. You were sentenced to six years in prison in January for illegal dumping of waste – you are appealing this sentence. A spokesperson for Palumbo had said that the company’s business interests in Malta and abroad are unaffected by the ruling. Are you sure about this? Has the company’s reputation abroad not been affected?

I am completely positive that the company’s reputation has not been affected. We know the true facts of the case, and we know the reasons why the imaginative accusation against me was made. Once a court outside of Messina hears the case, it will dissolve into nothing. In Italy, there are three stages of the judicial process. This judgment was the first stage, and there are then two opportunities to appeal, and we have appealed.

I confirm that the sentence of the first court has had no effect on our business – since the judgment was issued, the company hasn’t registered any slowdown, on the contrary, it’s doing even better and keeps growing in Malta and elsewhere.

There are two reasons I am confident when it comes to this case. The first is that it wasn’t Palumbo who dumped the waste – subcontractors did, and I didn’t have any direct responsibility. Second, all the analyses carried out on the waste showed it wasn’t hazardous.

So what is the case here?

All this transpired because I had the courage to make certain complaints [in Messina] – something I wouldn’t repeat today – because they were necessary to protect my interests there.

And I paid for this through this court sentence.

One thing I’d like to add: while it is normal that I am asked about this, I don’t understand the amount of attention given to this case in Malta.

Why don’t you instead judge me based on the nine years I have been in Malta? When I started my operations, I found a shipyard buried under two metres of rubbish, and it took me years to revamp it.

You can see with your own eyes how it has been changed today. It is on this that I want to be judged, not on what happened in Messina, where I had to suffer a particular situation.

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Palumbo is an international shipyard group. Headquartered in Naples, they have five shipyards across the Mediterranean (Ancona, Naples, Malta, Savona and Marseille). The company operates five brands: ISA Yachts, Columbus Yachts, Mondomarine, Extra Yachts and Palumbo Superyacht refit, known as Palumbo SY.

Salvatore Palumbo originally created the company in 1967 as a small carpentry and metalwork yard in order to support the local ship repair industry. Over the next 15 years, the business focused increasingly on the repair and maintenance of hulls. The company passed through generations of the Palumbo family and began to grow significantly. The four other shipyards were acquired from 1992 to 2018.

Palumbo Superyacht refit is a significant part of the group boasting: a 3.300-ton syncrolift and a 560-ton travel lift in Ancona, the 410-ton travel lift in Malta, the climate-controlled paint watershed in Marseille, a 520-ton travel lift in Naples and a 820-ton travel lift in Savona. Palumbo SY also has a 1640 square foot showroom, specialized yacht chandlers in all the yards, many auxiliary services dedicated to crew management and including accommodation for up to 108, a gym, restaurant, spa, wellness center and yacht concierge. Over the last two years, notable refits amongst many boats are: sailing yacht MALTESE FALCON and 252-foot BOADICEA in 2019.

History of Palumbo Yachts

The company was created in Naples in 1967 by Salvatore Palumbo, originally formed as a small carpentry and metalwork yard in order to support the local ship repair industry. By the 1980’s the yard’s core business had evolved towards the repair and maintenance of hulls. The company remained a family entity, passing on to Salvatore’s son, Antonio, and then in 1992, onto his sons Giuseppe and Raffaele. With Giuseppe and Raffaele joining their father, the company began to grow significantly. Between 1992 and 2011, Palumbo acquired the Messina Shipyard, which equates to 244,422 square feet plus a large dry dock and, they built two 170-foot (52m) catamarans.

In 2011, Palumbo turned its attention to Malta and arguably helped the island become a landmark for global boat owners with its acquisition of Malta Shipyard. A further step meant that Palumbo signed a 30-year deal for the operation of Malta Super Yacht Services (MSYS). Palumbo runs four of the shipyard’s largest docks for ship repair, and the remaining two are dedicated to yachts.

The acquisition of Malta Shipyard, which can accommodate ships up to 300,000 tons, was a prestigious project for Palumbo Group and it significantly shaped the company’s future. The other shipyards in its portfolio are ITM Marseille, acquired in 2014 and Tenerife in 2016, and a share of Croatia’s Viktor Lenac yard.

Palumbo Group continued to develop and in 2016, the ISA Yachts brand became part of the family and was followed in 2018 by Mondomarine. In parallel, the superyacht refit division: Palumbo SY became the largest superyacht maintenance and repair network in the Mediterranean providing customers with a wide range of services.

Palumbo today represents both a major shipyard and refit network in the Mediterranean.

The Palumbo collection

In terms of Palumbo’s notable superyacht builds, in 2011 the largest yacht ever built in Southern Italy was launched: 177-foot (53m) motor yacht PRIMA was the first delivery under the Columbus Yachts brand.

PRIMA is built in steel and aluminium and was designed by Sergio Cutolo from Hydro Tec to respect rigorous environmental rules: low fuel consumption, less noise and less pollution. The interior, designed by Tommaso Spadolini, accommodates 12 guests across six cabins.

Another notable superyacht build was the first Columbus Sport Hybrid 131-foot (40m), featuring a first in its Hybrid Propulsion (electric motor and shaft generator) system. This model can rely wholly on its exceptionally quiet electric motors and diesel generators, thus dramatically cutting fuel consumption.

In 2015 the Group launched Columbus Classic motor yacht TAIBA, with a steel hull and aluminium superstructure, she can accommodate 12 guests in 7 cabins and her interior design is by Francesca Cianficconi. The same year saw the launch of Columbus SH 131 foot (40m) DIVINE. With naval architecture by Hydrotec and interiors by Hot Lab Yacht & Design and Palumbo’s in-house team, the decor is environmentally friendly due to the joinery meeting Forest Stewardship Council standards on sustainability.

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Denison Yachting Announces New Partnership with EXTRA Yachts

By Frances Flanagan

Denison Yachting has partnered with EXTRA Yachts as its exclusive representative in the Americas. Combining the renowned industry excellence of Denison with the expansive Palumbo Superyachts network, customers are guaranteed to be offered a range of exceptional opportunities through this new partnership.

Denison Yachting has recently announced its partnership with EXTRA Yachts as its exclusive representative for North & South America, Central America and Mexico. EXTRA Yachts specialises in developing yachts with a strong personality, combining distinctive lines in a variety of motor yachts ranging from 90 to 130 feet. 

All vessels in EXTRA Yachts’ fleet feature highly livable interiors and exteriors, reduced consumption and a notable range. The company was developed thanks to the advanced technical experience of ISA Yachts, meaning that customers benefit from the advantages of being part of the Palumbo Superyachts network. 

Antonio Palumbo Jr., Managing Director of EXTRA Yachts, commented: ‘We are very excited to partner with Denison Yachting to help expand the EXTRA brand presence in the Americas. The American market is a world of opportunity for yachting. Denison’s strength and expertise will offer exceptional customer service and ample opportunity to develop our presence in the region.’

Denison yacht broker’s Alex G. Clarke and Gary Hardcastle have teamed up to promote the brand within their territories. 

Clarke commented: ‘EXTRA Yachts is a dynamic shipyard that I feel will continue to gain market share in the America’s with their portfolio of express and tri-deck motor yachts… Early in my career, I had an opportunity to work with the Palumbo family, so it’s great to see this relationship come full circle and to be working with them again, years down the road. I am excited to see what Gary Hardcastle and Denison Yachting can do with EXTRA Yachts.’

Six EXTRA models are currently available for sale with Denison Yachting. The X98 RPH concept model represents the new EXTRA design philosophy, featuring a sophisticated contemporary style. The two and a half deck layout is the main feature of this model, highlighting the innovation of EXTRA Yachts’ design as the observer is led to believe it is a classic two-deck with flybridge due to the design of the exterior lines.

"We are very excited to partner with Denison Yachting to help expand the EXTRA brand presence in the Americas." Antonio Palumbo Jr., Managing Director, EXTRA Yachts

"We are very excited to partner with Denison Yachting to help expand the EXTRA brand presence in the Americas."

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‘Palumbo Shipyard deserves to be with the top European leaders in the field’ – Joseph Calleja

The General Manager traces Palumbo’s journey in Malta to become a leading service provider in the maritime industry

by Sarah Muscat Azzopardi

November 1, 2023

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Palumbo Shipyards, headquartered in Naples, has been in the ship repair industry since 1967, with their presence in Malta dating back to 2010, when the company expanded its operations by acquiring Malta Shipyard and later Malta Superyachts in 2011.

This expansion, affirms Palumbo Shipyard General Manager Joseph Calleja, marked a significant development in the company’s history.

Having first set foot in the shipyard at the tender age of 16, you could say that Joseph has grown up here – going from shipwright to working within the Safety Department before furthering his studies and pursuing a degree in Chemistry and Biology. Several qualifications would follow, leading to his appointment as HSSE Manager at Malta Shipyards.

“When Palumbo took over the shipyard in Malta, Antonio Palumbo approached me with his plans for it, and I immediately accepted,” recalls Joseph, who became one of the first appointees of the new company with the role of Health, Safety and Environment Manager. He was appointed General Manager a little while later and has never looked back.

“The mission of Palumbo Shipyards in Malta from the outset was to leverage its expertise and resources to provide high-quality ship repair, maintenance, and refitting services,” he says, explaining that Palumbo took over an ailing facility at the time, and went on to carry out a complete overhaul in both operations and mentality.

“As a result, the shipyard was completely transformed, going from being a burden that swallowed billions of taxpayers’ money, to injecting millions into Malta’s economy today,” he smiles.

Under Palumbo’s stewardship, the shipyard has invested in new equipment, instituted modern working methods, and complied with the highest environmental and safety practices to beat stiff competition and stand out as one of the top shipyards in the Mediterranean, the General Manager continues – a mutually beneficial scenario for the company, which was able to enhance its presence in the Mediterranean region and strengthen its position as a leading service provider in the maritime industry.

Furthermore, Joseph notes, risk mitigation through stringent health and safety standards, employee well-being and training, as well as developing sustainable environmental practices, upgrading the existing infrastructure, and procuring new technology continued to push the company further ahead.

In that time, it is no surprise that Palumbo Shipyards’ presence in Malta has grown, and its mission has evolved to encompass a broader range of services. These include ship conversion and refit, yacht refitting, complex ship repair, installation of extended new fabricated vessels’ parts, installation of new environmentally friendly plants and equipment, and various high-tech interventions on oil and gas platforms. In 2017, the Maltese shipyard was also singled out from among top international yards for its competence, skilled team, and facilities to execute the overhaul of the luxurious Silver Cloud liner, from a standard liner to an ice-class expedition cruise ship within a short time span of just two months.

“This expansion has not only catered to the needs of the commercial shipping sector but also serves the luxury yacht and superyacht markets,” the General Manager maintains, affirming that Palumbo Shipyards has established itself as a multifaceted maritime services provider and a reliable partner for ship owners, operators, and management companies – attracting top notch clients to Maltese shores while contributing to the economic and maritime development of the sector in the Mediterranean region.

Delving further into some of the major milestones the company has achieved in that time, Joseph lists the upgrading of their facilities and infrastructure, including upgrading Wharf Cranes; fitting one of the first Photovoltaic installations in Malta; introducing new environmental standards for hull treatment of vessels; and procuring state-of-the art robotic equipment using potable water, instead of abrasive material.

“Our company is committed to a greener future and works to source a significant portion of its energy from renewable sources,” he adds.

He emphasises environmental Initiatives specifically, maintaining that Palumbo Shipyards has eliminated various previous procedures and adopted eco-friendly practices and technology to reduce the environmental footprint of its operations. “Since the early days, Palumbo set continuous promotion on the low voltage ship-to-shore connection already existing in the yard to clients so that upon arrival in the yard, their vessels will be immediately connected to the grid,” he explains, going on to mention cleaning practices avoiding the use of chemicals, energy-efficient facilities, and sustainable ship repair practices.

Keen to emphasise this point following some contentious media reports recently regarding the yard’s ship-to-shore facilities, Joseph underlines the fact that these facilities have been an integral part of the yard’s infrastructure for several years, dating back to well before the introduction of Palumbo Shipyard in Malta.

“These facilities have served us well and have played a pivotal role in our operations, facilitating efficient and timely operations for a variety of vessels,” he maintains, adding that while many of the vessels accommodated by these facilities are well-suited to the existing infrastructure, it has become increasingly evident that, with larger vessels come more complex and resource-intensive demands which need to be met using greener technology.

“This evolution necessitates a corresponding enhancement and Infrastructure Malta is working on rolling out a ship-to-shore operation in the harbour to meet the changing needs of attending vessels in port,” Joseph continues, adding that part of this project required special electrical cables and other high-technology wiring to be passed around the perimeter of the Grand Harbour, including the shipyard. “One has to understand that the preparation and installation of such ship-to-shore facilities in all of the Grand Harbour is a considerable undertaking, and we will continue to support all the logistics necessary until the project is completed,” he adds, stating that plans on the locations where the electrical equipment is to be installed are already in place, and further phases of the project will follow. 

The General Manager also considers diversification of services to be a significant milestone, making Palumbo Shipyards a significant player in the offshore market; as well as strategic partnerships and collaborations which have further enhanced its capabilities and reputation in the market. Beyond Malta, Palumbo Shipyards has also expanded its presence to other key locations in the Mediterranean, including Italy, France and Croatia; and, apart from that, has also seen its client base grow significantly, attracting shipowners and ship management companies from around the world who seek its services for vessel repairs, refits, and conversions.

“These milestones reflect the company’s commitment to continuous improvement, innovation, and its ability to adapt to changing market demands, making it a prominent and respected name in the ship repair and refit industry in the Mediterranean and beyond,” Joseph says.

Despite global challenges, business in general in Malta has stabilised, and this, Joseph says, is a testament to the resilience and adaptability of the local economy.  “Companies like Palumbo Shipyards, that is involved in diverse aspects of the maritime industry, play a pivotal role in ensuring stability and growth by offering services that cater to all kinds of ships in the industry,” he maintains.

Turning his attention to current projects, Joseph lists several of the company’s accomplishments this year, including substantial engineering works on MSC Seaview ; accommodating humanitarian aid vessel USS Hershel Woody Williams , which came with a set of specialised requirements; and a complex overhaul of MSC Fantasia . Next on the agenda is an “open-heart surgery” on GNV Sealand , he smiles, where the whole engine room will be dismantled, as well as a new installation which involves kilometres of piping and electrical cables, detailed engineering, and project management.

To be successful in a volatile industry like shipping, it is in the shipyard’s interest to adhere to the most rigorous environmental, health and safety regulations for both the shipyard and tts surrounding environment and Palumbo is continuously investing in training and acquiring the latest technology to remain ahead of the competition – a benefit for both the Shipyard and Malta’s competitiveness.

Looking ahead, the team at Palumbo, Joseph says, will continue to study and assess the market and stay attuned to industry trends, adapting resourceful strategies to seize opportunities as they arise. “Through various top-notch brands, we develop ways of how we can be ready to accommodate the latest technologies to be installed on-board, even within the minimal possible spaces in machinery areas. One scenario is the installation of new plants for innovative fuels and their respective storages on-board,” he maintains.

To do this, there are certainly challenges which the company must consider, to anticipate what is to come and navigate its way through with minimal turbulence. These include global economic fluctuations and the lack of an even playing field with other countries which do not form part of the European Union, as well as possible supply chain disruptions in the supply of materials and components which could impact production schedules.

Finally, the General Manager attests, keeping up with the latest technologies and trends in maritime services can be challenging, as rapid advancements require ongoing investment in research and development. “Today, you may be studying LNG, and possibly, tomorrow, it may already be obsolete, leading you to consider methanol or even hydrogen,” Joseph states, taking it in his stride. Meanwhile, there are also geopolitical risks to contend with, which have the potential to disrupt business operations; as well as the challenges inherent in recruiting and retaining skilled labour, including specialised engineers and technicians.

In summation, the company’s drive moving forward centres on continually building on what has been achieved so far and modestly aiming to further expand its portfolio and achieving more success on an international platform, the General Manager says.

“In 2024, the shipyard aims to achieve another commitment to better the quality standards it has committed to since the beginning – to operate in the best eco-friendly way and have another accreditation after months of auditing and processing, demonstrating a commitment to health and safety, in turn continuing our commitment towards elevated standards in our operations,” he maintains.

“We will continue to venture into new niches, including innovative energy projects; various adaptions and refits which necessitate the research, development and installation of greener fuels to be used on-board vessels; complex scrubber installation projects and the list continues,” he smiles, always with the aim of securing complex projects and bringing further economy to our shores.

“Palumbo Shipyard deserves to be, and remain, with the top European leaders in the field – sustaining credibility by sheer competence while continuing to invest in the infrastructure and training of our human resources, carrying out environmentally-friendly practices, and in the highest quality standards possible,” he concludes.

Sarah Muscat Azzopardi

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Palumbo acquires Malta Superyacht Shipyard

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Written by Chelsea Smith

Palumbo Shipyard, an Italian company headquartered in Naples, signed a 30 year deal with the Malta government for the acquisition of Malta Super Yacht Services (MSYS) now called Palumbo Malta Superyachts LTD. Palumbo Group took over the yard on the 18 th of March 2011, after having been declared the preferred bidder for the tender to acquire Malta Superyacht Services in late 2010.

Palumbo Malta Superyachts LTD

The total area measures around 45.000 square meters, including two dry docks of 160m x 25m and 140m x 18m. The latter is also equipped with a retractable shed enabling painting work.

The Maltese Government signed the contract for € 29.4 million, which includes a ground rent of € 500,000 to be paid annually over the 30 year period.

Palumbo Shipyard is headquartered in Naples and has been in the shipbuilding industry since 1967. The company was founded by Salvatore Palumbo, father of Antonio Palumbo, current Owner and CEO of the Company.

The growing company operates mainly in repair, construction, modification, conversion and maintenance of several vessels including superyachts. Now with 3 shipyards (Naples, Messina and Malta), the Palumbo Group has great potential especially in terms of location, in the heart of the Mediterranean, with access to yachts en route from the East to the Atlantic..

The acquisition of Maltese Shipyard, which can accommodate ships up to 300,000 tons, is a prestigious project for the Palumbo Group and will significantly shape the Company’s future.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "Palumbo acquires Malta Superyacht Shipyard".

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Denison Partners With EXTRA Yachts

BY Nick Walton on 23 Dec 2023

Denison has partnered with EXTRA Yachts as its exclusive representative for North & South America, Central America and Mexico.

While Denison has long been a leader in the yachting industry, providing complete yachting services worldwide, EXTRA Yachts specialises in the development of yachts with a strong personality ranging from 90 to 130 feet and a 30-meter motor catamaran. All are characterised by highly liveable interiors and exteriors, reduced consumption, and a good range.

Developed thanks to the advanced technical experience of ISA Yachts , EXTRA offers customers all the advantages of being part of the Palumbo Superyachts network.

“We are very excited to partner with Denison Yachting to help expand the EXTRA brand presence in the Americas,” says Managing Director of EXTRA Yachts, Antonio Palumbo Jr. “The American market is a world of opportunity for yachting. Denison’s strength and expertise will offer exceptional customer service and ample opportunity to develop our presence in the region.”

Yacht broker Alex G. Clarke is teaming up with fellow Denison broker Gary Hardcastle to promote the brand within their territories.

“EXTRA Yachts is a dynamic shipyard that I feel will continue to gain market share in the America’s with their portfolio of express and tri-deck motor yachts,” says Clarke. “Personally speaking, I feel Gary Hardcastle and Antonio Palumbo are the perfect team to help grow the brand. Both are very driven and I feel focus specifically on the demographic of clientele that EXTRA Yachts appeals to. Francesco Carbone, general manager of Palumbo Superyachts, is a longtime friend and we have a relationship dating back for almost 15 years. Combine that with Antonio Romano of Hot Lab, who is behind the new series offered by EXTRA Yachts (X90 Fast and X98 RPH)–and also is a longtime friend–and we immediately have a team that has fantastic rapport, which will be invaluable when introducing the brand to the Americas.”

There are currently six Extra models available for sale exclusively with Denison. The new X98 RPH concept model stands as the progenitor of the new EXTRA design philosophy, with a sophisticated contemporary style. The main feature of the model is the two-and-a-half-deck layout, albeit the volumes of the latter are considerably deceived by the design of the exterior lines, leading the observer to believe that it is a classic two-deck with flybridge.

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Palumbo Superyachts

Palumbo Superyachts division is focused in the design, construction and refit of superyachts. ISA yachts, Columbus Yachts, Palumbo Superyachts Refit, Palumbo Group.

HERITAGE EXPERIENCE PASSION FUTURE

PALUMBO SUPERYACHTS began to take root in 2008, when the Columbus Yachts brand was established, but it was in 2011 that it made a name for itself with the launch of its first 54-metre superyacht, emblematically christened “Prima” (“the First”).

Today, PALUMBO SUPERYACHTS holds two shipyards in the Mediterranean (in Ancona and Savona) operating the most successful brands: ISA Yachts, Columbus Yachts, Mondomarine and Extra Yachts.

Thanks to the advanced infrastructures of both its Ancona and Savona facilities, PALUMBO SUPERYACHTS provides new-build construction, refit, maintenance and conversion services. A specialized team is available to Clients, Captains and Surveyors to manage all aspects of the project at 360°.

More so, for all vessels of our ISA Yachts, Columbus Yachts, Mondomarine and Extra Yachts fleets, Clients can draw on our own comprehensive technical archive and on the fifty-year shipbuilding experience that our shipyards boast in the yachting industry.

Furthermore, after taking delivery of your yacht, you can benefit from Palumbo Superyachts’ highly specialized after-sales service that takes care of your boat no matter where you are in the world.

Each shipyard offers an adequately equipped showroom and a well-stocked yacht chandlery to satisfy the needs of crew aboard the yachts at PALUMBO SUPERYACHTS docks. In addition, at the Ancona shipyard a guesthouse is also available.

Whether it is for a new construction or for a refit and maintenance project, PALUMBO SUPERYACHTS is the ideal partner to assist you with all aspects of your required service securing top-quality and efficiency.

EXTRA X99 FAST – US premiere at Palm Beach International Boat Show

EXTRA Yachts, a brand of Palumbo Superyachts, announces the US premiere of the new EXTRA X99 Fast at the forthcoming Palm Beach international Boat Show. This superyacht will be showcased at the Denison stand, ramp 5.

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#ISASportivo100. Coupé profile and sophisticated details. #ISAYachts #UnmistakableLines Designed by Enrico Gobbi - Team for Design @enrico_gobbi_team_for_design @isayachts ...

Columbus Atlantique 65m offers spaces that are simply unparalleled, mirroring the grandeur of an 80-meter yacht. And for a touch of bliss, indulge in the private bow Jacuzzi experience. #ColumbusAtlantique65 #ColumbusYachts Designed by Hot Lab @hot_lab_yachtdesign @columbus_yachts ...

M/Y #AlexanderAgain . Her exterior seamlessly blends understated elegance with distinctive design, making her a standout in the world of luxury yachts. #Mondomarine 🎥 credits @smartyachtscompany @mondomarine_ ...

With two VOLVO IPS 1350 engines, #Haze can reach a top speed of 21 knots. But speed isn't everything - she can also navigate at 12 knots, giving her a range of 1200 nautical miles. Whether you're looking to cruise in comfort or make a splash on the water, Haze has everything you need to do it all! #ExtraYachts #abrandofISAYachts Designed by Guida Design @guida_design @extrayachts ...

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Pomalidomide plus low-dose dexamethasone versus high-dose dexamethasone alone for patients with relapsed and refractory multiple myeloma (MM-003): a randomised, open-label, phase 3 trial

Affiliations.

• 1 Hospital e Instituto Biosanitario de Salamanca (IBSAL), Universidad de Salamanca (IBMCC/CSIC), Salamanca, Spain; Clinica Universidad de Navarra, Pamplona, Spain. Electronic address: [email protected].
• 2 University Hospital Tübingen, Tübingen, Germany.
• 3 University Hospital Hotel-Dieu, Nantes, France.
• 4 Mayo Clinic, Rochester, MN, USA.
• 5 Vancouver General Hospital, Vancouver, BC, Canada.
• 6 University Hospital Leuven, Leuven, Belgium.
• 7 Centre Hospitalier Lyon Sud/Hospices Civils de Lyon, Pierre-Bénite, France.
• 8 University Hospital, Heidelberg, Germany.
• 9 Centre Hospitalier de la Côte Basque, Bayonne, France.
• 10 Institut Catala d'Oncologia, Hospital Germans Trias i Pujol, Barcelona, Spain.
• 11 Hospital Universitario La Princesa, Madrid, Spain.
• 12 Princess Margaret Hospital, Toronto, ON, Canada.
• 13 Institute of Hematology Seràgnoli, S Orsola's University Hospital, Bologna, Italy.
• 14 Université Pierre et Marie Curie, Paris VI, Hôpital Saint Antoine, Paris, France.
• 15 GUZ Moscow City Clinical Hospital S P Botkin, Moscow, Russia.
• 16 Hospital Universitario 12 de Octubre, Madrid, Spain.
• 17 University of Alberta, Edmonton, AB, Canada.
• 18 University of Turin, Turin, Italy.
• 19 King's College Hospital, London, UK.
• 20 Erasmus Medical Center, Rotterdam, Netherlands.
• 21 Celgene Corporation, Summit, NJ, USA.
• 22 Alexandra Hospital, Athens, Greece.
• PMID: 24007748
• DOI: 10.1016/S1470-2045(13)70380-2

Background: Few effective treatments exist for patients with refractory or relapsed and refractory multiple myeloma not responding to treatment with bortezomib and lenalidomide. Pomalidomide alone has shown limited efficacy in patients with relapsed multiple myeloma, but synergistic effects have been noted when combined with dexamethasone. We compared the efficacy and safety of pomalidomide plus low-dose dexamethasone with high-dose dexamethasone alone in these patients.

Methods: This multicentre, open-label, randomised phase 3 trial was undertaken in Australia, Canada, Europe, Russia, and the USA. Patients were eligible if they had been diagnosed with refractory or relapsed and refractory multiple myeloma, and had failed at least two previous treatments of bortezomib and lenalidomide. They were assigned in a 2:1 ratio with a validated interactive voice and internet response system to either 28 day cycles of pomalidomide (4 mg/day on days 1-21, orally) plus low-dose dexamethasone (40 mg/day on days 1, 8, 15, and 22, orally) or high-dose dexamethasone (40 mg/day on days 1-4, 9-12, and 17-20, orally) until disease progression or unacceptable toxicity. Stratification factors were age (≤75 years vs >75 years), disease population (refractory vs relapsed and refractory vs bortezomib intolerant), and number of previous treatments (two vs more than two). The primary endpoint was progression-free survival (PFS). Analysis was by intention to treat. This trial is registered with ClinicalTrials.gov, number NCT01311687 , and with EudraCT, number 2010-019820-30.

Findings: The accrual for the study has been completed and the analyses are presented. 302 patients were randomly assigned to receive pomalidomide plus low-dose dexamethasone and 153 high-dose dexamethasone. After a median follow-up of 10·0 months (IQR 7·2-13·2), median PFS with pomalidomide plus low-dose dexamethasone was 4·0 months (95% CI 3·6-4·7) versus 1·9 months (1·9-2·2) with high-dose dexamethasone (hazard ratio 0·48 [95% CI 0·39-0·60]; p<0·0001). The most common grade 3-4 haematological adverse events in the pomalidomide plus low-dose dexamethasone and high-dose dexamethasone groups were neutropenia (143 [48%] of 300 vs 24 [16%] of 150, respectively), anaemia (99 [33%] vs 55 [37%], respectively), and thrombocytopenia (67 [22%] vs 39 [26%], respectively). Grade 3-4 non-haematological adverse events in the pomalidomide plus low-dose dexamethasone and high-dose dexamethasone groups included pneumonia (38 [13%] vs 12 [8%], respectively), bone pain (21 [7%] vs seven [5%], respectively), and fatigue (16 [5%] vs nine [6%], respectively). There were 11 (4%) treatment-related adverse events leading to death in the pomalidomide plus low-dose dexamethasone group and seven (5%) in the high-dose dexamethasone group.

Interpretation: Pomalidomide plus low-dose dexamethasone, an oral regimen, could be considered a new treatment option in patients with refractory or relapsed and refractory multiple myeloma.

Funding: Celgene Corporation.

Copyright © 2013 Elsevier Ltd. All rights reserved.

Publication types

• Clinical Trial, Phase III
• Comparative Study
• Multicenter Study
• Randomized Controlled Trial
• Research Support, Non-U.S. Gov't
• Antineoplastic Combined Chemotherapy Protocols / therapeutic use*
• Dexamethasone / administration & dosage
• Drug Resistance, Neoplasm / drug effects*
• Follow-Up Studies
• Multiple Myeloma / drug therapy*
• Multiple Myeloma / mortality
• Multiple Myeloma / pathology
• Neoplasm Recurrence, Local / drug therapy*
• Neoplasm Recurrence, Local / mortality
• Neoplasm Recurrence, Local / pathology
• Neoplasm Staging
• Salvage Therapy*
• Survival Rate
• Thalidomide / administration & dosage
• Thalidomide / analogs & derivatives
• Thalidomide
• Dexamethasone
• pomalidomide

Associated data

• ClinicalTrials.gov/NCT01311687