Silent-Yachts to go ahead with restructuring amid bankruptcy rumours

Austrian builder Silent-Yachts is having to undergo a restructuring phase following the discontinuation of a key subcontractor, which had been responsible for a "significant portion" of the yard's solar catamarans. However, subsequent reports from Austrian newspaper Kleine Zeitung suggested the yard's parent company, Asap Trading, is now facing insolvency with an accumulated debt of €45.8 million, throwing the future of Silent-Yachts into contention.