GFC and poor management may have frightened off major clients.
The "most loved and loathed ship on the sea", with a military submarine theme courtesy, Philippe Starck, arrives for an indeterminant stay.
The Hobsonville superyacht development has got another green light after Waitakere and North Shore City Council resolved planning issues relating to the development.
The North Shore City Council had appealed Waitakere City's decision on Proposed Plan Change 13, which allowed for the development of the boat building base, at the Environment Court.
However, this appeal has now been withdrawn following and agreement being reached.