British boat builder, Oyster Yachts, which ceased operations last month after going into liquidation, has been thrown a lifeline by businessman, Mr Hadida. The failure of the business, which builds, services and charters vessels of up to 118 feet in length, came despite it having its largest ever order book in 2017. The previous year’s figures show the business suffered a £5.2m hit from the sinking of the Polina Star III yacht, which dragged it to a £7.4m loss for the year, leaving the company’s finances foundering. Read more.
