Hong Kong investor acquires Dutch superyacht yard

Europe
17th January 2022

Hong Kong investor acquires Dutch superyacht yard

Family-owned Balk Shipyard, a Dutch shipbuilder that specialises in refits and rebuilds, has been acquired by Hong Kong-based investment company Zhongying International.
Company: Balk Shipyard
Business Type: Boat Builder

Balk Shipyard, a family-owned Dutch shipbuilder that specialises in refits and rebuilds, has been acquired by Hong Kong-based investment company Zhongying International.

Balk Shipyard has been operating for over 220 years, starting out in Elburg before moving to its current premises on Urk. Now in its seventh generation and run by Daan Balk, the Dutch shipbuilder has evolved into a leading yard for refits and rebuilt of luxury superyachts.

With two refit halls for yachts up to 45 metres and 65 metres, and a construction hall, all facilities are humidity, compression and temperature controlled.

Notable projects for the company include the rebuild of 27-metre explorer Sandalphon, and the company’s largest new-build project to date, the 53-metre three-masted classic staysail rigged yacht Mikhail S. Vorontsov, completed in 2013, which was awarded the prestigious World Superyacht Award in 2014.

While the builder has not confirmed the financial details of the takeover, it says it is in now a “stronger position than ever to deliver our world-class shipping expertise to the global superyacht market”.

A spokesperson for the company said:

About Balk Shipyard

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