Palmer Johnson, the US superyacht builder that had plans a couple of years ago to set up a superyacht facility in the UK, has them no more. All discussions in relation to the move have now ended.

Palmer Johnson did rent a space at Hythe, where it built a 52m (170ft) yacht that was finished in the US. At one stage it had longer term plans of building a dedicated facility at Woolston.

The news was confirmed to SBN by Russell Morris