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Titanic

The Biz

Titanic

ETAP made a name for itself building undistinguished but decent cruising boats that were “unsinkable,” but today they announced that the company was not quite as invulnerable as the yachts.  ETAP will be following parent company Dehler into insolvency, with hopes that the brands will be sold to someone who can make something out of them – an unlikely proposition given the state of the world’s capital.  It looks like there will be a lot more news like this before we see a bottom in our industry – and everyone else’s for that matter.  Discuss it here.