Leading Taiwanese superyacht builder, Horizon Group, is using the Monaco Yacht Show to find a new European distributor to replace the Drettman Group which entered voluntary liquidation in May.

James Fwu, general manager of Horizon’s Premier Yacht Co division, told SB: “We have taken the booth that Drettman had last year at the Monaco Show under the Horizon name and have appointments with several brokers to discuss European representation.”

SB understands that Horizon was left with at least four yachts contracted by Drettman when the company entered liquidation. Three (110ft, 130ft and 148ft) are being built at Premier Yacht Co. The 110ft has been sold to a Chinese client and the 130ft to a Russian buyer. The original purchaser of the 148ft wanted his money back so Horizon decided to complete the yacht while looking for a new buyer. She will be delivered next year.

With the downturn in the US market