Moonen Shipyards is to complete a 120ft (36.5m) motoryacht that was started by Royal Denship before it went bankrupt.

The motoryacht designed by Bill Dixon was approximately 25 per cent complete when Royal Denship was put into administration in June 2009.

“Various parts of the build are at different stages, as is the case with a refit. We have to pick up both the physical construction work and fill significant gaps in the engineering packages,” explains Moonen Shipyards’ director of operations Mark Vermeulen.

Moonen Shipyards has never previously built a yacht in GRP but the yacht’s owner chose Moonen Shipyards due to its refit reputation and new-build track record. All the GRP parts of the vessel are available except the main deck, with the hull and bridge deck being almost completely assembled. Around 20 per cent of the equipment is available, including the main engines, gearboxes and other small components.

Moonen Shipyards carried out a complete design and status check, which showed that the engineering packages were incomplete. After these have been completed, the yard will start to build the stern section of the hull while simultaneously completing the technical installation.

The yacht is expected to launch in May 2011.