Superyacht Banyan, a beautiful 31 metre Palmer Johnson, has undergone many changes since her 1980 commissioning. In 2009, she was extended 4.3 metre, repowered and completely refurbished, transforming her into a virtually new yacht. Recently she added twin M7000A Seakeeper gyros, greatly enhancing onboard comfort and stability without sacrificing cruising performance. Banyan can now travel confidently in bigger seas and to remote anchorages for her owner and charter guests. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/136363/image/large-379ed1612e75d2f3dc5fb783e650a842.jpg" data-gid="gid://syiq/Photo/136363">In the search for zero-speed stability, many factors came into play. The owner was very conscious of ambient noise onboard, so a new system needed to be quiet. Banyan's twin 33 kW Northern Lights gen-sets were serving well, but amperage draw needed to be conservative. And, after Banyan's extension, Captain Andrew Grego said the yacht gained speed and fuel efficiency. With the 875 hp C18 CAT turbo diesel pushing top speeds of 22 knots, and 14.5 knots at 20.41 km/l at cruise, "Hydrodynamics were a big issue. We didn't want to add anything below the waterline that could reduce the efficiency or alter the boat's handling," he said. Though the yacht already had stabilising fins for use underway, zero-speed fins were ruled out in favor of the Seakeeper gyros. Mike Koller of Atlantic Marine Power Systems, which installed the gyros, said with the higher power draw of zero-speed fins, "The owner would have had to upgrade his gen-sets and the hull structure, which would be time-consuming and expensive." Capt. Grego added, "Seakeeper required just a simple wire run. It's almost no amperage draw on the boat at all when the gyros are spooled up." He noted the gyros were more cost-effective, easier to install and, "Everything else on Banyan was first-rate technology. We thought the Seakeeper gyros provided more modern technology than a fin system." The two Seakeeper M7000A gyros combined produce an impressive 14,000 newton metre seconds of angular momentum, with each using a flywheel operating inside a vacuum. This aerospace-inspired technology creates powerful righting forces whether a craft is underway, at low speed or at anchor. Each unit draws only 1,500-2,000 watts at full operation. One nagging problem from Banyan's extension was that the boat had more buoyancy aft than desired. Installing the Seakeeper units under the aft cockpit created an additional value by helping level the yacht. In the end, the gyros delivered a quiet, low-power and effective solution for Banyan with multiple benefits. "The gyros not only assisted our existing stabiliser system, but also gave us the at-anchor stability, and got rid of the aft buoyancy," said Capt. Grego. "The benefits were, I think, actually better than a similar fin system. "After a run to the BVI," he continued, "it was obvious the gyros definitely make a difference. At anchor, the system dampens roll by 73%, which is pretty considerable." And, the Seakeeper units worked well with Banyan's existing fins while underway. "The gyros also allow us to venture into bigger seas," he said. "We recently cruised 57 hours straight in 2.7-3.6 metre swells the entire way, and it was comfortable. Ordinarily I would have thought, 'I'm not doing that.' "I definitely see a trend toward more vessels, whether new builds or retrofits, opting for zero-speed stabilisation. This is especially true regarding smaller vessels that now have a greater range and the ability to travel to remote areas. From the standpoint of delivering safety and stability, adding at-anchor stabilisation is almost a necessity among owners and prospective charter clients. For a 31 metre boat like Banyan to have zero-speed stability is a good marketing tool for charters." Capt. Grego was happy with the retrofit process. "It worked out really well. Seakeeper and Atlantic Marine did their homework for our application, not only as a retrofit, but placing the two gyros side by side." While the gyros were installed, Banyan's hull was also sandblasted and repainted. "Because of the low impact of the Seakeeper install, I could do two major jobs at once without any issues," he said. "The Seakeeper people are great and their engineering team is fantastic. They were especially helpful on the Banyan project, as we were on a really tight deadline with the boat going out for charter afterwards," said Koller. "The retrofit gave the boat new life." Accommodating up to eight guests, <a href="#managed-by-application" data-legacy="true" data-gid="gid://syiq/Yacht/4200">Banyan</a> cruises the Bahamas, Caribbean, U.S. East Coast, Newfoundland and Nova Scotia. The completely refurbished yacht includes a new cockpit, lazarette storage area and BBQ. She offers an extensive array of electronics and entertainment in a luxurious setting, as well as snorkeling and fishing gear, Vespas and water toys. Seakeeper +1 410 326 1590 <a href="mailto:sales@seakeeper.com?subject=M/Y%20Banyan%20on%20SuperYachtTimes.com">sales@seakeeper.com</a> <a target="_blank" href="http://www.seakeeper.com">www.seakeeper.com</a>

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Seakeeper Gyros deliver multiple benefits to superyacht Banyan

A new international association for naval architects, exterior and interior designers operating in the superyacht sector has been formally launched, called the <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">Superyacht Design and Naval Architecture Association (SYDNA)</a>.<img src="https://photo-assets.superyachttimes.com/photo/395084/image/large-ea7330f65bc3a99734a2919387e86bc7.jpeg" data-gid="gid://syiq/Photo/395084">Launched by Executive Director Clair Rozemeijer, alongside Luca Boldrini, Managing Partner of <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a> and Vice President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>, the organisation aims to provide greater collective representation for yacht designers and naval architects, an area of the superyacht industry that has historically lacked a unified voice despite significant growth over recent decades.“Associations are founded because individual companies often face similar challenges that they cannot solve entirely on their own, and the association’s role is to create a collective strategy and platform to address those challenges together so that ultimately all members benefit individually from the collaboration,” explained Rozemeijer.The association already counts 12 leading design and naval architecture practices among its membership, including <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>, <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Bannenberg &amp; Rowell Design</a>, <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a>, <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a>, <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a>, <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta</a>, <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a>, <a data-gid="gid://syiq/Company/8394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Philippe Briand Group Ltd. (Company)">Philippe Briand</a>, <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a>, <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, with qualifying studios invited to join<img src="https://photo-assets.superyachttimes.com/photo/395085/image/large-1f495a08cbefdd41f95fcaeceeb15138.jpg" data-gid="gid://syiq/Photo/395085">“Together with <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>'s board members and founding members, we explored where meaningful collaboration could exist, not in the areas where companies compete, but in the areas where we can collectively strengthen the profession of yacht designers and naval architects, and positively contribute to the wider industry,” added Rozemeijer.The association will aim to improve professionalism through market research, standard contracts, ethical guidelines and quality standards. <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> also plans to engage more actively with regulatory bodies including the <a data-gid="gid://syiq/Company/4531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Maritime Organization (Company)">International Maritime Organization</a> and ISO, while encouraging greater knowledge-sharing among members.Sustainability will also form a core area of focus, as designers and naval architects can play a greater role in supporting the transition towards more sustainable technologies and solutions, including developments linked to Roadmap 2050, in collaboration with the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>.“The Superyacht Builders Association (SYBAss) has successfully got the industry’s voice heard before new rules and regulations become a fait accompli,” added Espen Øino, founder and owner of <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, and President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. <img src="https://photo-assets.superyachttimes.com/photo/395086/image/large-bd4c7ffda795a9ef61a079534321475b.jpeg" data-gid="gid://syiq/Photo/395086">“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> allows us to have representation for elements specific to what we do as designers, whether that’s rules and regulations, how we deal with contracts, or other issues on which we will benefit from open discussion. It enables us to speak with one common voice toward authorities, the media, or clients.”The association also aims to strengthen recognition and credibility for member studios while supporting future generations of designers entering the sector. “The creative side of our industry has grown quite organically over many years and we’ve all entered it from different avenues,” said Jim Dixon, Studio Principal of Yachts &amp; Aviation at <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and board member of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. “We all felt it was time for consolidation, unanimity and robustness behind what we do.”To qualify for full membership, studios must have operated for at least 10 years and successfully delivered a minimum of five projects over 30 metres within the past decade, including new builds, major refits or conversions.“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> means we can not only bring designers together better, but also enhance our communication, cross-fertilisation and collaboration with shipyards and brokers, and ultimately that helps to grow the industry as a whole,” concluded Boldrini.

SYDNA launches international association for superyacht designers and naval architects

A new international association for naval architects and designers
operating in the superyacht sector has been formally launched.

SYDNA launches to represent superyacht designers and naval architects

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has announced plans to gradually increase activity across its shipyard operations, with the goal of returning to full operations in early June.In a statement issued today (27 May 2026), <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> stated that the shipyard's operational activities will be ‘progressively intensified’, amid the ongoing restructuring process. This follows last week’s announcement that the company’s share capital had fallen below the legal minimum.Read more: <a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a><img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, the company aims to reach full operations, starting from the first ten days of June. They stated that a rebalancing process remains underway through previously identified strategic measures, with cash management and operational financial dynamics continuing to be monitored.CEO Giovanni Costantino confirmed that the restructuring process is being developed with the support of top-tier advisors, but also criticised certain trade union organisations, which he described as “superficial” and “provocative” to the situation.&nbsp;“Rather than working together constructively and contributing during such a crucial phase in the life of the company, figures are being cited at random with no understanding whatsoever of the actual business situation,” commented Giovanni Costantino.&nbsp;The company also provided updates on several key projects currently under construction, including the first unit of the new 49.95-metre <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> Panorama 50M line, <a data-gid="gid://syiq/Yacht/12258" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spribe50.0m (164'1&quot;)Admiral2026">Spribe</a>, which recently completed sea trials and is scheduled for delivery in the first days of July, and the second hybrid unit, which will be launched in the first ten days of July, with delivery expected in September.Read more: <a data-gid="gid://syiq/Article/64891" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="50m Admiral Yachts Panorama series motor yacht Spribe launched (2025-12-02 15:00:00 +0100)">50m Admiral Yachts Panorama series motor yacht Spribe launched</a><img src="https://photo-assets.superyachttimes.com/photo/379687/image/large-11f9a8770e46f4ce46a8fb5632b8a7c1.jpg" data-gid="gid://syiq/Photo/379687">Meanwhile, the 31-metre <a data-gid="gid://syiq/Article/64789" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 31m Tecnomar for Lamborghini 101 yacht moves to outfitting (2025-11-17 15:45:00 +0100)">Tecnomar for Lamborghini 101</a> yacht is currently undergoing the final stages of carpentry works at the Group’s Turkish facilities before being transferred to Italy in mid-June for outfitting. Construction of an additional 88-metre project is also progressing to schedule, with the yacht expected to arrive in Italy in October for completion works.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> also confirmed progress on its larger custom projects, including recently signed 82-metre and 85-metre builds acquired at the end of 2025. Both projects are currently in the detailed design phase, with keel-laying ceremonies expected to take place between July and September at the Group’s facilities in Turkey.&nbsp;The company added that activities within its refit division have continued without interruption, with operations at <a data-gid="gid://syiq/Company/7113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Celi S.r.l (Company)">CELI 1920</a>, the Group’s interior and cabinetry division, progressing in line with planned schedules.In addition, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that it will participate in the 2026 edition of the <a data-gid="gid://syiq/Event/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2026">Monaco Yacht Show</a>, scheduled to take place this September.

The Italian Sea Group aims for full operations by June 

TISG has announced plans to gradually increase activity across its shipyard operations, with the goal of returning to full operations in early June.

The Italian Sea Group aims for full operations by June amid company restructuring

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> is facing a serious financial setback and has entered a formal court-supervised restructuring process in an effort to stabilise the business.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">In a forensic due diligence update, the company said it has recorded losses significant enough to reduce its share capital below the minimum level required under Italian law. This has triggered a material event under Article 2447 of the Italian Civil Code, which in turn requires mandatory corporate action and the activation of protective measures under Italy’s Crisis and Insolvency Code.The Board of Directors met on 21 May 2026 to address what it described as significant losses. <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that it is now operating within a formal restructuring framework as it works to address the financial shortfall and restore its capital position.&nbsp;The update follows an announcement in April 2026, where <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that the court of Florence had granted protective measures as part of its negotiated composition procedure to restructure the company.Read: <a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a><img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">The ruling comes following a criminal complaint filed by Chief Executive Officer Giovanni Costantino against certain former senior executives of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> who headed corporate functions and allegedly acted in coordination with one another.According to the company, preliminary assessments show that accumulated losses have reduced share capital below the legal minimum threshold required under Italian corporate law.&nbsp;While the exact figure has yet to be determined, the board confirmed that statutory obligations have been triggered, including the convening of a shareholders’ meeting and the preparation of updated financial statements.The board also approved the guidelines of a broader turnaround plan aimed at restoring financial stability and maintaining business continuity. The company stated that the plan is intended to preserve ongoing concern status, while rebalancing equity within the current financial year.The proposed measures include renegotiations with multiple ship owning companies to recover extra costs on existing contracts, the revaluation of real estate assets, potential disposal of non-core property assets and the possibility of positive effects arising from an agreement with tax authorities.The board said it believes the underlying assumptions of the plan provide a reasonable basis for overcoming the current financial difficulties, while continuing to operate across its shipbuilding and refit divisions.The company also acknowledged the causes of the crisis to misconduct by certain senior managers acting in coordination.&nbsp;Read: <a data-gid="gid://syiq/Article/65584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG files complaint against former executives following forensic investigation (2026-03-10 09:15:00 +0100)">TISG files complaint against former executives following forensic investigation</a><img src="https://photo-assets.superyachttimes.com/photo/355527/image/large-10e2f4203acc580bab536674f4910115.jpg" data-gid="gid://syiq/Photo/355527">As part of the restructuring framework, the company has also activated protective measures under Article 20 of Legislative Decree 14/2019, designed to safeguard operations while restructuring actions are implemented. The filing will take effect upon registration with the Companies’ Register.On 2 March, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that it had appointed KPMG to conduct an independent forensic investigation after it had identified significant extra-budget costs across its order portfolio.According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, the due diligence conducted by KPMG Advisory, originally initiated in February 2026, has been delayed due to the prioritisation of business continuity measures and changes in senior management. The completion of the review is now expected by late June or early July 2026.The company also confirmed it will continue to update the market as required under EU Market Abuse Regulation obligations.

TISG share capital falls below legal minimum

TISG is facing a serious financial setback and has entered a formal court-supervised restructuring process in an effort to stabilise the business.

TISG enters restructuring phase after share capital falls below legal minimum

<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has approved its unaudited consolidated periodic financial information for the first quarter of 2026, reporting lower revenue, profit and order intake, while maintaining a slightly improved adjusted EBITDA margin.Net revenue new yachts amounted to €302.1 million in the first quarter of 2026, down eight percent compared with €328.5 million in the same period last year. Adjusted EBITDA stood at €48.7 million, compared with €52.5 million in Q1 2025, while the adjusted EBITDA margin increased slightly to 16.1 percent, up from 16 percent a year earlier.<img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">Net profit for the period was €21 million, compared with €23.9 million in the first quarter of 2025. Order intake reached €179.6 million, down from €270.6 million in Q1 2025, reflecting what the company described as a softer commercial environment and slower order conversion.<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s net backlog stood at €722.3 million as of 31 March 2026, compared with €828.6 million at the end of December 2025. The company reported a net financial position of €18.4 million at the end of the quarter, down from €111 million as of 31 December 2025.Stassi Anastassov, Chief Executive Officer of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, said the first quarter had reflected “a softer commercial environment and slower order conversion than we would have liked, particularly on order intake.” He added that the group was approaching the market with “realism, discipline and operational focus.”Despite the lower order intake, Anastassov said the underlying fundamentals of the business remained solid, citing the group’s brand positioning, resilient margins and backlog visibility. According to <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, more than €400 million of net backlog is expected to convert into 2026 revenues.For the full year 2026, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has issued guidance for net revenue new yachts of between €1.25 billion and €1.27 billion. The company expects an adjusted EBITDA margin of between 16.2 percent and 16.6 percent, with capital expenditure forecast between €70 million and €75 million.During the first quarter, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> participated in several major international boat shows, including Düsseldorf, Miami and Palm Beach. The company also remained the subject of corporate activity following KKCG Maritime’s conditional voluntary partial tender offer to acquire up to 15.4 percent of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s share capital.The offer, initially priced at €3.50 per share, was increased to €3.90 per share in March. The acceptance period closed on 13 April 2026, with KKCG Maritime receiving valid acceptances for 29,611,598 shares, representing approximately 8.75 percent of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s share capital. The total consideration amounted to €115.5 million.Following the end of the reporting period, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> also held its ordinary shareholders’ meeting on 14 May 2026. Among other resolutions, shareholders approved the audited separate financial statements for the year ended 31 December 2025, the distribution of an ordinary dividend of €0.11 per share, and the appointment of the new Board of Directors and Board of Statutory Auditors.<img src="https://photo-assets.superyachttimes.com/photo/394211/image/large-a4e5f60bae61b6a1d51d622c3e77d808.jpeg" data-gid="gid://syiq/Photo/394211">Read:&nbsp;<a data-gid="gid://syiq/Article/66087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors (2026-05-14 16:00:00 +0200)">Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors</a> On 14 May 2026, the company held its ordinary shareholders’ meeting, during which shareholders approved the appointment of a new Board of Directors. The changes marked the departure of Alberto Galassi, who had led <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> as Chief Executive Officer for 12 years. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s current corporate governance page lists Stassi Anastassov as Chief Executive Officer and Tan Ning as Chairman of the Board of Directors.

Ferretti Group reports lower Q1 revenue as order intake falls

Ferretti Group reports lower Q1 2026 revenue, profit and order intake, while maintaining a slightly improved adjusted EBITDA margin.

Ferretti Group reports €302m in Q1 revenue as order intake softens

Online marine marketplace <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yacht Sales</a> has announced that the company will officially rebrand as NextBoat Inc, effective on or about 29 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/390341/image/large-be765afb7248df37e9b507deb714d575.jpg" data-gid="gid://syiq/Photo/390341">The rebrand will also see its ticker symbol on the New York Stock Exchange change from OTH to NXB and aims to reflect the company’s evolution from a traditional yacht brokerage business, into an AI-powered technology platform.“<a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> was where we started, but NextBoat represents where we are going,” explained Chief Executive Officer Brian John. “We are building a technology platform that empowers brokers, dealers, resellers and marine entrepreneurs to buy and sell boats more efficiently through artificial intelligence, automation and data-driven infrastructure.”&nbsp;NextBoat is embedding artificial intelligence throughout the transaction process, through AI-driven valuations, AI-assisted acquisitions to identify off-market opportunities, AI-powered matching to connect buyer and sellers and AI-driven closing to automate documentation and workflows.&nbsp;“We’re entering a phase where technology doesn’t just support transactions-it executes them,” added Chief Operating Officer Blake Phillips. “This is how we believe we can scale efficiently without traditional overhead. We are an AI driven technology platform that allows us to be the largest buyer and seller of pre-owned boats.”Last week <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> announced it had completed the acquisition of marine, service and storage company, Apex Marine Group. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> believes that the Apex acquisition opens the door for additional partnerships, as it expands both its sales and service platforms.Read:&nbsp;<a data-gid="gid://syiq/Article/66089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts completes acquisition of Apex Marine Group (2026-05-14 16:30:00 +0200)">Off The Hook Yachts completes acquisition of Apex Marine Group</a><a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> will continue operating as a core division under NextBoat, with its focus primarily on B2B dealer transactions and inventory liquidation, allowing dealers to wholesale trade-ins and aged inventory through the platform."Just as technology transformed how people buy homes, cars and travel, we believe boating is approaching its own major digital transformation," concluded Philllips. "Our goal is not simply to participate in this evolution, we intend to define it."

Off The Hook Yacht Sales to rebrand as NextBoat

Off The Hook Yacht Sales has announced that the company will officially rebrand as NextBoat Inc, effective on or about 29 May 2026.

<a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a>’ acquisition of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> has marked a defining step in the group’s international expansion, positioning the US-based operator firmly within the Mediterranean – widely regarded as the epicentre of global yachting. Yet, as CEO Baxter Underwood makes clear, the transaction is less about geographic reach alone and more about aligning with the right people, culture and long-term philosophy.We sat down with Baxter and the team at Monaco Marine as they prepared to rebrand the Mediterranean eco-system under the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> banner, to understand how this relationship has developed and to find out their plans for the future. <img src="https://photo-assets.superyachttimes.com/photo/393753/image/large-6d9a79cfed5677ff0aef3b6de2780442.jpg" data-gid="gid://syiq/Photo/393753">A people-led approach to expansion<a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s entry into the Mediterranean was not a rapid decision. Over a five-year period, the group evaluated multiple opportunities across the region before completing the <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> acquisition in 2025. The process ultimately reinforced a core principle underpinning its growth strategy: successful expansion begins with people rather than infrastructure.“The growth strategy of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> has always been to evaluate teams in each geography, be that the Caribbean, Central America or in this case the Mediterranean. Monaco Marine stood out for us because they had a strong team and the cultural characteristics to be a platform for expansion in the Med,” explained Baxter.Rather than seeking to replicate its US operating model abroad, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> prioritised identifying a team already demonstrating excellence within its market. Monaco Marine, with its network of nine facilities across the Mediterranean, offered not only scale but, more importantly, a deeply embedded culture shaped by founder Michel Ducros.Underwood highlights that it was this culture – defined by precision, consistency and a relentless pursuit of improvement – that distinguished <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> from other opportunities. The company’s facilities, while quite significant, were secondary in importance to the strength of its human capital and operational ethos.Culture as the foundation of long-term valueAt the heart of the acquisition lies a recognition that cultural alignment is critical to long-term success. <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> operates with a distinct approach shaped by the nuances of the Mediterranean market, from client engagement to seasonal workflows and service delivery.“In the most important ways, the team and culture built by Michel was remarkably similar to our own. But they also did things differently than we did. Certain elements of their superyacht service model differed from how we operated in the US. We didn’t want to take our American mentality and force it on the European market, so we evaluated and embraced the positive differences, the ones that created value for the customers. This exchange of best practices has proven to be valuable. We’ve already begun implementing many of the learnings into our service model in the US.”&nbsp;Rather than viewing these differences as barriers, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> viewed them as essential characteristics for succeeding in the region. The objective was not to impose uniformity, but to embrace and learn from a system already optimised for its environment.What ultimately aligned the two organisations was a shared commitment to excellence in a context of teamwork and desire to learn together. Underwood describes <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s leadership as possessing an almost artistic attention to detail, supported by continuous investment in training, technology, and operational rigor that is always seeking client feedback. This alignment provides the foundation upon which mutually accretive integration is achievable.<img src="https://photo-assets.superyachttimes.com/photo/393751/image/large-d14364d694d27fa3dccb17b0342b2431.jpg" data-gid="gid://syiq/Photo/393751">Retaining expertise and expanding influenceWith culture identified as the cornerstone of value, retaining Monaco Marine’s team became an immediate strategic priority. <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> worked closely with the existing management team throughout the transition to ensure continuity, leveraging his longstanding relationships across the organisation.The result has been significant team retention – a critical outcome in preserving both operational consistency and client trust. “The nine assets and locations are wonderful, but the technical capability and commitment of the team was the heart of the acquisition,” explains Baxter.&nbsp;Rather than operating independently, the team is now positioned to play an influential role within <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s wider network. Their expertise is informing operational improvements across the group’s US and Caribbean locations, including with sustainability initiatives like <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s innovative approach to waste water management.This shift reflects <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s broader philosophy: growth is not achieved by centralising knowledge alone, but by distributing it across its broad network and encouraging regional leaders to shape its global operations.Establishing a European cornerstoneThe acquisition firmly establishes Monaco Marine as <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s flagship platform in Europe. Beyond its physical presence, it provides the local insight necessary to guide further expansion across the region.The Mediterranean’s position as the world’s most significant yachting market makes this foothold particularly strategic. <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s team now plays a central role in identifying and evaluating future acquisition targets, ensuring that expansion is informed by regional expertise rather than external assumptions.This approach reveals one of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s core strategies – one that values diverse knowledge as a driver of innovative growth.<img src="https://photo-assets.superyachttimes.com/photo/393752/image/large-b3feb1138e2178b590c702495932782f.jpg" data-gid="gid://syiq/Photo/393752">Creating a seamless transatlantic networkA key objective of the integration is to deliver a unified service experience across both sides of the Atlantic. Even prior to the acquisition, approximately 37 percent of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s US-based superyacht clients were already utilising <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> facilities during Mediterranean operations. That figure has since increased, reflecting stronger alignment between the two networks.The focus has now moved to ensuring continuity. This extends beyond technical capabilities and refit standards to encompass communication, processes and the overall client experience. Owners, captains and crews will encounter the same level of service and operational consistency across the entire network.Monaco Marine’s active engagement with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s other operations has been instrumental in this process, with cross-regional collaboration shaping a more cohesive global offering.Enabling greater transatlantic mobilityBy connecting two of the industry’s most active cruising regions, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> is positioned to facilitate more fluid vessel movement between the United States and the Mediterranean. The company believes that this is a good thing for the yachting community.This enhanced connectivity is expected to increase operational efficiency while encouraging more frequent transatlantic cruising among US-based clients. Central to this ambition is the assurance of reliable, high-quality support throughout a vessel’s journey.In this sense, the acquisition aligns with a broader industry dynamic: as yachts operate across increasingly global itineraries, service networks evolve to match their mobility.Balancing identity and integrationOne of the more visible outcomes of the acquisition is the planned rebranding of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> under the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> name. While strategically aligned with the creation of a unified global identity, the decision was not made quickly.“This was not an easy decision and something that took both collaboration and support from the team at <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>” adds Baxter. “Our goal is to achieve a sense of oneness for owners, captains, builders, OEMs, so that they can expect the same level of service excellence at every <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> facility.”&nbsp;<a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s brand carries significant heritage within the Mediterranean, and preserving the qualities that underpin that reputation is a priority. For clients, changes will initially be most apparent through branding, signage and on-site identity. However, the overarching aim is for the experience itself to constantly innovate and evolve in favor of the customers.Raising the standard across the industryBeyond its immediate operational impact, the acquisition reflects a broader ambition within <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s strategy. The goal is not solely to expand its own footprint, but to elevate standards across the yachting ecosystem.By connecting regions, sharing expertise and refining service delivery, the group seeks to enhance the experience for owners, captains, crew and industry stakeholders alike.In this context, the integration of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> represents more than a geographical expansion. It signals a move towards a more connected, consistent and collaborative global yachting landscape – one in which excellence is defined not by location, but by a shared commitment to quality.

Safe Harbor’s Monaco Marine acquisition

We sat down with Baxter and the team at Monaco Marine as they prepared to rebrand the Mediterranean eco-system under the Safe Harbor banner.

Behind the Safe Harbor rebrand of Monaco Marine

The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect, following the company’s Annual General Meeting held on 15 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">The appointment was confirmed by the Board of Directors, which also reconfirmed Tan Ning as Chairman of the Board. Anastassov succeeds Alberto Galassi, whose departure from the company was announced yesterday.Read: <a data-gid="gid://syiq/Article/66087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors (2026-05-14 16:00:00 +0200)">Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors</a><img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-769ff4738384374b511d59651630542a.jpg" data-gid="gid://syiq/Photo/220951">Anastassov joins the group with extensive international leadership experience across the consumer, industrial and manufacturing sectors. He previously served as the President and Chief Executive Officer of Duracell and spent three decades in senior leadership roles at Procter &amp; Gamble across Europe, North America, Asia and the Middle East.In addition to his executive experience, Anastassov currently serves as a non-executive director of JS Global Lifestyle and Better Shelter, while also advising international companies and investment firms on governance and operational transformation.“It is an honour to be appointed Chief Executive Officer of a unique company built on extraordinary brands, exceptional craftsmanship and talented people,” commented Stassi Anastassov.&nbsp;“Italy is and will remain the heart of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>. Our commitment is first and foremost to the strength, stability and long-term success of the Company. By serving the business well, we serve all shareholders, employees, customers and partners who contribute to <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s future.”During yesterday’s shareholder’s meeting is was announced that Tan Ning was appointed as Chairman of the Board of Directors, alongside Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer joins the board representing minority shareholder Azùr a.s.“On behalf of the Board, I thank shareholders for their continued trust and support. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> enters this next phase with strong foundations, exceptional brands and significant long-term opportunities,” added Tan Ning.&nbsp;“The Board remains fully committed to continuity, disciplined execution and the long-term development of the Group. Under Mr. Anastassov’s leadership, the Group will continue to strengthen its operational excellence, global positioning and long-term value creation while preserving the unique heritage and identity that define <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.”<img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Ownership tensions continueAs well as this, Reuters reported earlier today that Czech investor KKCG Maritime had submitted a request to the Italian government to assess whether <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> has breached "golden power" rules designed to shield strategic assets.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/386471/image/large-5864e3d980f30348ec76855095f57666.jpg" data-gid="gid://syiq/Photo/386471">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.As a result of this, KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. "A request has been received and is currently being considered by the relevant departments,” explained Industry Minister Adolfo Urso.During the announcement of its new CEO Stassi Anastassov, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> said it would continue to execute its existing strategic and industrial plans while further strengthening operational discipline, global development and long-term value creation.The company’s next Board meeting is scheduled for 19 May 2026, during which it will review its first-quarter 2026 financial results.

Ferretti Group appoints Stassi Anastassov as CEO

The Ferretti Group has officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect.

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Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions

Online marine marketplace <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a> has completed the acquisition of marine, service and storage company, Apex Marine Group.<img src="https://photo-assets.superyachttimes.com/photo/393587/image/large-77d79f43d3f87b5a5a2311f82a62aa95.png" data-gid="gid://syiq/Photo/393587">The acquisition was <a data-gid="gid://syiq/Article/65451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts to acquire Apex Marine Group (2026-02-24 14:00:00 +0100)">first announced in February 2026</a>, with the deal valued at $5.5 million, with $1.83 million in cash, approximately 670,000 shares valued at $2.70 and a $1.83 million secured seller note at six percent due in three years.Located in South Florida, the Apex facilities include four prime storage and service locations, haul-out capability up to 150 metric tons and vessels up to 40 metres, and comprehensive in-house service teams for repair, refit and refurbishment.“The integration of these capabilities is already generating millions of dollars in annual cost savings by reducing third-party service dependencies, lowering transportation costs, accelerating turnaround times, and delivering higher-quality refurbishments,” said Brian John, CEO of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/386344/image/large-a0334d742061ce908dacbd406c529d7b.jpg" data-gid="gid://syiq/Photo/386344">“This centralised approach allows us to standardise refurbishment quality, reduce cycle times from acquisition to resale, and scale inventory without proportional overhead increases.”Founded in 2012, <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a> is an online marine marketplace for pre-owned boats, with an integrated ecosystem that includes <a data-gid="gid://syiq/Company/8384" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Autograph Yacht Group (Company)">Autograph Yacht Group</a>, Azure Funding and proprietary lead-generation platforms.“This acquisition is fundamentally about operational dominance through infrastructure,” concluded Jason Ruegg, Founder of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a>. “Facilities like these are unique in South Florida. Bringing service, storage and hauling in-house is a game changer for our efficiency, margins and ability to scale.”

Off the Hook Yachts completes Apex Marine Group acquisition

Off The Hook Yachts has completed the acquisition of marine, service and storage company, Apex Marine Group.

Off The Hook Yachts completes acquisition of Apex Marine Group

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has appointed a new Board of Directors during its Ordinary Shareholders’ Meeting held on 14 May 2026, and confirmed the departure of longtime CEO Alberto Galassi after 12 years leading the company.<img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-769ff4738384374b511d59651630542a.jpg" data-gid="gid://syiq/Photo/220951">The new board of directors was announced following today’s earlier announcement that Piero Ferrari and Stefano Domenicali had resigned yesterday evening, with immediate effect.Read:&nbsp;<a data-gid="gid://syiq/Article/66083" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti directors Piero Ferrari and Stefano Domenicali resign amid board tensions (2026-05-14 11:30:00 +0200)">Ferretti directors Piero Ferrari and Stefano Domenicali resign amid board tensions</a><img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Shareholders appointed Tan Ning as Chairman of the Board of Directors, while the board is expected to formally appoint Stassi Anastassov as Chief Executive Officer during a follow-up board meeting scheduled for 15 May 2026.“It is a great honor for me to be elected Chairman of the Board and wish to express my sincere gratitude to the Shareholders for their trust and continued support,” explained Tan Ning, the Chairman of the Board of Directors.“I would also like to extend my heartfelt thanks to the outgoing Board of Directors and Board of Statutory Auditors, as well as to the outgoing CEO, Mr Alberto Galassi, for work carried out during his mandate in the past twelve years.”The Shareholders’ Meeting appointed nine members to the Board of Directors, which will remain in office until the approval of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s 2028 financial statements. The board includes newly appointed Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer joins the board representing minority shareholder Azùr a.s.<img src="https://photo-assets.superyachttimes.com/photo/345521/image/large-30a3e8a5f540ae8ddee0f58d7a955771.jpg" data-gid="gid://syiq/Photo/345521">The Board of Directors is expected to approve the following proposed structure during its meeting on 15 May, which includes, &nbsp;Tan Ning as Executive Director and Chairman, Stassi Anastassov as Chief Executive Officer, and Patrick Sun, Zhu Yi, Federica Marchionni and Donatella Sciuto as non-executive independent directors.The company also proposed the formation of several governance committees, including Audit, ESG, Strategic, Nomination and Remuneration committees.Alongside the leadership changes, shareholders approved <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s 2025 financial statements, with the group reporting net new yacht revenues of €1.23 billion, up five percent year-on-year. Adjusted EBITDA increased 6.7 percent to €202.8 million, while the company reported a net cash position of €111 million.Shareholders also approved the distribution of a dividend of €0.11 per share, representing a maximum payout of approximately €37.2 million. The dividend will be paid on 17 June 2026.“The new Board of Directors represents continuity, stability and growth,” concluded Ning. “It leverages a long-term industrial vision aimed at enhancing the Group and its brands, as well as maintaining the manufacturing presence in Italy and the global commercial network, in line with the path undertaken since 2012.”

Ferretti appoints new Board of Directors

Ferretti Group has appointed a new Board of Directors and confirmed the departure of longtime CEO Alberto Galassi.

Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors

UK yacht builder <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker International</a> and its US subsidiary, Sunseeker USA Sales Co. Inc, have pleaded guilty to two violations of the US Lacey Act relating to the use of illegally obtained Burmese teak in yachts imported into the United States.<img src="https://photo-assets.superyachttimes.com/photo/267386/image/large-b625274087c4140f98ca0501da7527c1.jpg" data-gid="gid://syiq/Photo/267386">According to the US Department of Justice, the company admitted to using illegally sourced teak on components incorporated into yachts exported to the US market. This included a teak balcony door intended for installation on a yacht and teak parts fitted to vessels valued at approximately $2.98 million and $1.07 million respectively.<a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> agreed to pay a $200,000 fine and implement a compliance plan as part of the resolution. The company is scheduled to be sentenced on 20 August 2026.The case was investigated by the US Fish and Wildlife Service and prosecuted by the Environment and Natural Resources Division of the US Department of Justice, alongside the US Attorney’s Office for the Southern District of Florida.“Congress amended the Lacey Act in 2008 to prohibit the importation of illegally harvested timber,” said Principal Deputy Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division (ENRD).“By enforcing the law, we ensure a level playing field for companies that follow the law. Timber trafficking is the third most lucrative form of transnational crime, so enforcing the law keeps money from flowing into criminal enterprises.”According to the DOJ, Myanmar teak has been subject to international concern since at least 2017, with both the US and UK imposing sanctions related to Myanmar’s timber sector. The Myanmar Timber Enterprise (MTE), the state entity controlling teak exports, is sanctioned by multiple jurisdictions.In 2024, <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker International</a> was fined £358,759.64 for importing Myanmar teak in violation of UK timber regulations. They pleaded guilty at Bournemouth Crown Court to three charges, including failure to exercise due diligence and maintain proper records when placing timber on the market.Read:&nbsp;<a data-gid="gid://syiq/Article/62081" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker International fined £359k over use of illegal Myanmar teak (2024-11-25 13:15:00 +0100)">Sunseeker International fined £359k over use of illegal Myanmar teak</a><img src="https://photo-assets.superyachttimes.com/photo/338910/image/large-d8f4dbc886a1953c570d4b0f9d3455ec.jpg" data-gid="gid://syiq/Photo/338910">The US authorities said the US imports were linked to the same underlying supply chain issues addressed in the UK proceedings.“Timber trafficking is a transnational crime that damages forests and puts legitimate businesses at a disadvantage,” concluded U.S. Fish and Wildlife Service Office of Law Enforcement Assistant Director, Doug Ault.&nbsp;“We are actively disrupting illegal timber supply chains and holding violators accountable under the Lacey Act. This case is part of our ongoing work to protect natural resources and ensure American markets aren’t a destination for illegal goods.”<a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> is due to be sentenced on 20 August 2026.

Sunseeker International pleads guilty in US Lacey Act case over Myanmar teak imports

Sunseeker International and its US subsidiary, Sunseeker USA Sales, have pleaded guilty to two violations of the US Lacey Act.

Sunseeker International pleads guilty over illegal Myanmar teak imports in US

Lai Sun Development Company Limited is selling an initial 80 percent stake in leading superyacht services provider <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons International</a>, in a transaction valuing the business at €50 million.<img src="https://photo-assets.superyachttimes.com/photo/395214/image/large-c14a422e2246a71de936781ef03d2690.jpg" data-gid="gid://syiq/Photo/395214">The agreement, signed on 28 May 2026, sees the Hong Kong-listed group divest its majority interest for an initial consideration of €40 million, subject to customary post-completion adjustments. The valuation is based on approximately 12 times FY2025 EBITDA, with management EBITDA reported at around €4.1 million.<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons International</a> is a long-established player in the global superyacht industry, offering a full range of services including yacht and charter brokerage, yacht and charter management, new build and design supervision, insurance services, corporate support, and crew placement.<img src="https://photo-assets.superyachttimes.com/photo/250789/image/large-81c4a3e44d034cc1ce8b2abe0cf8c1ad.jpg" data-gid="gid://syiq/Photo/250789">The buyer, Wave Expandary Limited, will acquire the stake with a guarantee provided by Sea Expandary Limited. The seller retains the remaining interest in the business under a structured shareholders’ arrangement governing future ownership.Sea Expandary Limited is ultimately linked to a newly established yacht-focused industrial platform in China. The group is associated with an initiative led by JD.com founder Richard Liu Qiangdong. In February 2026, he announced the launch of an independent yacht brand under the “Sea Expandary” name, backed by an investment of approximately USD 700 million.Read: <a data-gid="gid://syiq/Article/65463" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JD.com founder Richard Liu invests $700M to establish Sea Expandary yacht brand in China (2026-02-25 10:45:00 +0100)">JD.com founder Richard Liu invests $700M to establish Sea Expandary yacht brand in China</a>The venture is understood to span R&amp;D, manufacturing, sales, brokerage and after-sales services, with a focus on new-energy propulsion systems and broader yacht industry development in the Guangdong-Hong Kong-Macao Greater Bay Area.<img src="https://photo-assets.superyachttimes.com/photo/267827/image/large-fdce27a676c2a9d04ce0138fcbd5a3e9.jpg" data-gid="gid://syiq/Photo/267827">As part of the agreement, both parties have agreed put and call options over the remaining stake, exercisable from 31 December 2027. Each option is estimated at €9.135 million and is linked to the original transaction valuation.For the financial year ended 2025, <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> generated revenue of HK$270.7 million and recorded a net profit after tax of HK$13.1 million. Upon completion, Lai Sun expects to recognise a gain of approximately HK$91-92 million, and the business will be deconsolidated from the group’s accounts.&nbsp;Completion remains subject to customary conditions, including shareholder approvals and regulatory clearances, with a long stop date set at 30 September 2026. Lai Sun said the disposal is part of its strategy to streamline its portfolio, improve liquidity, and support working capital and debt repayment objectives.

Wave Expandary Limited acquires Camper & Nicholsons

Lai Sun Development Company Limited is selling an initial 80 percent stake in Camper & Nicholsons International.


Camper & Nicholsons to be sold in €50M deal to Chinese billionaire-linked venture

<img src="https://photo-assets.superyachttimes.com/photo/395211/image/large-56596de28e7f70c73ff8e2a5d362278a.jpeg" data-gid="gid://syiq/Photo/395211">The 118.9-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/7313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Launchpad118.9m (390'1&quot;)Feadship2024">Launchpad</a> has been spotted arriving in Seattle this week from Golfito Bay, according to AIS data.Commissioned by a well-known tech entrepreneur, she was delivered in 2024 and is the largest superyacht ever built by <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>. <a data-gid="gid://syiq/Yacht/7313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Launchpad118.9m (390'1&quot;)Feadship2024">Launchpad</a> features naval architecture developed in-house by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a>, exterior design by <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a> and interiors by <a data-gid="gid://syiq/Company/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuretti Interior Design (Company)">Zuretti</a>. Her Flag Blue hull and striking red waterline stripe are among her most distinctive design features at first glance.With a gross tonnage of 5,528 GT, onboard highlights include two certified helipads, a pod-like observation lounge on the top deck, a private outdoor owner’s deck complete with a Jacuzzi, a swimming pool with a movable floor, and a generous beach club.<a data-gid="gid://syiq/Yacht/7313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Launchpad118.9m (390'1&quot;)Feadship2024">Launchpad</a> is powered by four <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> diesel engines, giving her a cruising speed of 16 knots and a top speed of 24 knots.If you would like to see your photo featured each day, then send your submissions to <a href="mailto:news@superyachttimes.com" target="_blank">news@superyachttimes.com</a>.

Feadship yacht Launchpad in Seattle

The 118.9-metre Launchpad has been spotted arriving in Seattle this week from Golfito Bay.

119m Feadship superyacht Launchpad in Seattle

<a data-gid="gid://syiq/Company/1749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago Yachts (Company)">Archipelago Yachts</a> has announced the commission of the second hull in its 24-metre <a data-gid="gid://syiq/Yacht/17140" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago 80/0224.0m (78'9&quot;)Archipelago Expedition Yachts2028">Archipelago 80</a> explorer yacht series, with construction scheduled to begin in early 2027 at the company’s recently opened shipyard in Isle of Wright, United Kingdom.<img src="https://photo-assets.superyachttimes.com/photo/395147/image/large-3b87d4822e27b26fa614bdf445e946da.png" data-gid="gid://syiq/Photo/395147">Developed on the same <a data-gid="gid://syiq/Company/7865" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chartwell Marine Ltd (Company)">Chartwell Marine</a> platform as the first <a data-gid="gid://syiq/Yacht/17140" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago 80/0224.0m (78'9&quot;)Archipelago Expedition Yachts2028">Archipelago 80</a>, the new yacht will retain the series’ core principles of shallow-draught operation, long-range capability and hybrid diesel-electric propulsion, while introducing several new onboard features and revised interior arrangements.<img src="https://photo-assets.superyachttimes.com/photo/395148/image/large-e8b98e06745bd824438456b2dcd09339.png" data-gid="gid://syiq/Photo/395148"><img src="https://photo-assets.superyachttimes.com/photo/395149/image/large-894a771accc9a3694bac13d4132c0233.png" data-gid="gid://syiq/Photo/395149">The second hull marks the first time <a data-gid="gid://syiq/Company/1749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago Yachts (Company)">Archipelago Yachts</a> has developed the yacht’s interior design fully in-house, enabling the shipyard to more effectively integrate the vessel’s engineering and customisation process. Exterior design and naval architecture for the Archipelago 80 series have been developed by <a data-gid="gid://syiq/Company/7865" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chartwell Marine Ltd (Company)">Chartwell Marine</a>.<img src="https://photo-assets.superyachttimes.com/photo/395155/image/large-faea7af814dec2a2cbd33b32708f9cd4.jpg" data-gid="gid://syiq/Photo/395155" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">“Securing the design contract for our second <a data-gid="gid://syiq/Yacht/17140" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago 80/0224.0m (78'9&quot;)Archipelago Expedition Yachts2028">Archipelago 80</a> is an exciting moment for the business and a clear reflection of the demand we’re seeing for this platform,” commented Dr Stephen Weatherley, CEO of <a data-gid="gid://syiq/Company/1749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago Yachts (Company)">Archipelago Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/395158/image/large-be044daff2b87ce478d79f5cca459ed5.jpg" data-gid="gid://syiq/Photo/395158" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/395154/image/large-f519b9a72c72e99bb6bd6ac239a5cb9f.jpg" data-gid="gid://syiq/Photo/395154">Built entirely in aluminium, the explorer yacht &nbsp;will feature a high-capacity helipad, a dedicated gym and sauna, expanded galley facilities and enlarged indoor and outdoor dining areas.<img src="https://photo-assets.superyachttimes.com/photo/395152/image/large-ce6c2f20cf0e49cd6f4524e3acd6c8a2.jpg" data-gid="gid://syiq/Photo/395152">With an interior volume of 130 GT, accommodation onboard is expected to host up to 16 guests, with layouts fully customisable to the owner’s requirements.<img src="https://photo-assets.superyachttimes.com/photo/395153/image/large-1818679a9a402dc6260cedd6fe561688.jpg" data-gid="gid://syiq/Photo/395153">“Bringing the interior design in-house allows us to push the boundaries even further, creating a vessel that is not only technically exceptional but deeply personal to each owner.”<img src="https://photo-assets.superyachttimes.com/photo/395151/image/large-52c5327f648eacccfa81d2aabb04d239.jpg" data-gid="gid://syiq/Photo/395151" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, the first and second <a data-gid="gid://syiq/Yacht/17140" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago 80/0224.0m (78'9&quot;)Archipelago Expedition Yachts2028">Archipelago 80</a> yacht are currently in-build, with second scheduled for delivery in 2028.At the time of her sale, the yacht had a last known asking price of $6,900,000.

Second Archipelago 80 explorer yacht sold

Archipelago Yachts has commissioned the second hull in its 24m Archipelago 80 explorer yacht series, with construction scheduled to begin in 2027.


Second 24m new-build Archipelago 80 explorer yacht sold

The 43.6-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> motor yacht <a data-gid="gid://syiq/Yacht/10527" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tolemai43.6m (143'1&quot;)Sanlorenzo2023">Tolemai</a> sold in a deal with Charlie Carveles and Cameron Stratton from <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> introducing the buyer and Mathieu Bardon from <a data-gid="gid://syiq/Company/2529" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Worth Avenue Yachts (Company)">Worth Avenue Yachts</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/371113/image/large-5dc8e73864cba7c5340143b349d54e42.jpeg" data-gid="gid://syiq/Photo/371113">Delivered in 2023 as part of the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> 44 X-Space series, <a data-gid="gid://syiq/Yacht/10527" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tolemai43.6m (143'1&quot;)Sanlorenzo2023">Tolemai</a> features exterior design by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, with naval architecture by her Italian builder <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>.Spanning 498 GT, <a data-gid="gid://syiq/Yacht/10527" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tolemai43.6m (143'1&quot;)Sanlorenzo2023">Tolemai</a> can comfortably accommodate up to 12 guests across a six stateroom configuration, with her master suite situated forward on the main deck, as well as five cabins for a crew of nine on the lower deck. <img src="https://photo-assets.superyachttimes.com/photo/334043/image/large-55130b3b46aba3099a19c33c9c3ea9db.jpg" data-gid="gid://syiq/Photo/334043">In terms of performance, <a data-gid="gid://syiq/Yacht/10527" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tolemai43.6m (143'1&quot;)Sanlorenzo2023">Tolemai</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, providing her with a top speed of 16 knots and a cruising speed of 12.5 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/10527" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tolemai43.6m (143'1&quot;)Sanlorenzo2023">Tolemai</a> had a last known asking price of €30,950,000.&nbsp;

Tolemai: 43m Sanlorenzo yacht sold

The 43.6-metre Sanlorenzo motor yacht Tolemai sold with a last known asking price of €30,950,000. 

43m Sanlorenzo 44 X-Space yacht Tolemai sold

<a data-gid="gid://syiq/Event/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="World Boating Day - 2026">World Boating Day 2026</a> came to a close last weekend with over 143 events hosted across 28 countries. Organised by <a data-gid="gid://syiq/Company/6042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Superyacht Life Foundation (Company)">The Superyacht Life Foundation</a>, the events took place on 23 May, with both physical and virtual activities. <img src="https://photo-assets.superyachttimes.com/photo/395202/image/large-47bef4d2540bb1080ebc73b366e0d9e9.jpg" data-gid="gid://syiq/Photo/395202">This year saw a global celebration of events, from shipyards and marinas to museums and vibrant waterfront destinations, offering industry leaders, families, students and first-time visitors the opportunity to discover, connect and explore on and around the water.<a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>’s “Connecting Excellence” event brought emerging yacht design talent together with the creative and technical teams behind its most iconic projects, while, <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> supported Social Boat, an Amsterdam-based initiative, enabling guests with limited financial means to experience a memorable day on the water through hosted canal journeys.<img src="https://photo-assets.superyachttimes.com/photo/395201/image/large-8bfe1bb3fdcfcde117c16e55d94e478b.jpeg" data-gid="gid://syiq/Photo/395201">In Monaco, the Monaco Cluster brought together leading names including <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino</a>, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> MED, La Belle Classe Academy and <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>, for yacht design insights, educational sessions, family activities and celebrations aligned with the <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>’s Fête de la Mer.&nbsp;In Spain, the <a data-gid="gid://syiq/Company/7977" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balearic Marine Cluster (Company)">Balearic Marine Cluster</a> hosted a vibrant programme anchored by the Balearic Boating Festival 2026 at Port Adriano, a lively public celebration featuring workshops, gastronomy and interactive activities for all ages.&nbsp;Across Mallorca, Menorca and Ibiza, the programme expanded further with guided shipyard visits at <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a> and <a data-gid="gid://syiq/Company/4473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="STP Shipyard Palma (Company)">STP Shipyard Palma</a>, a contemporary art exhibition at <a data-gid="gid://syiq/Company/391" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Club de Mar (Company)">Club de Mar</a> Mallorca, networking events for women in the nautical sector, sailing experiences including the Galaxie voyage and educational initiatives opening their doors to maritime careers.<img src="https://photo-assets.superyachttimes.com/photo/395203/image/large-11f91aa214a5d621720fdb80ce62f128.jpg" data-gid="gid://syiq/Photo/395203">In the United States, the Santa Barbara Maritime Museum partnered with Sail to Shelter to deliver hands-on, creative activities, introducing families and young visitors to boating culture. Meanwhile, at Fort Lauderdale’s <a data-gid="gid://syiq/Company/4355" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pier Sixty-Six Marina (Company)">Pier Sixty-Six Marina</a>, there was a fun and educational celebration focusing on teaching boating basics.As well as this, <a data-gid="gid://syiq/Company/4374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metstrade (Company)">Metstrade</a>, in collaboration with Plastic Whale and The Ocean Conservation Trust, invited exhibitors, visitors and communities worldwide to take part in a collective action for cleaner waters. Meanwhile, E-WERF and Marée Circle opened their shipyard, offering insight into the future of boating. <img src="https://photo-assets.superyachttimes.com/photo/395200/image/large-f81f16266466a30b5b76761609606da9.jpg" data-gid="gid://syiq/Photo/395200">“<a data-gid="gid://syiq/Event/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="World Boating Day - 2026">World Boating Day</a> is about opening up the world of boating to anyone with a connection to the water, whether through work, lifestyle or curiosity,” concluded Dilan Sarac, Executive Director of <a data-gid="gid://syiq/Company/6042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Superyacht Life Foundation (Company)">The Superyacht Life Foundation</a>.“Each year we see more communities, partners and individuals come together, and that shared energy is what drives this movement forward.”Preparations are already underway for World Boating Day 2027, with further expansion expected as new regions and partners join the initiative.(All images courtesy of The Superyacht Life Foundation.)

World Boating Day 2026 concludes

World Boating Day 2026 came to a close last weekend with over 143 events hosted across 28 countries.

World Boating Day 2026 concludes with over 143 events hosted worldwide

<a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander Yachts</a> has announced the sale of a new 23.9-metre <a data-gid="gid://syiq/Yacht/16070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander 8/0423.9m (78'5&quot;)Zeelander Yachts2027">Zeelander 8</a> yacht. With delivery scheduled for 2027, the yacht will become the <a data-gid="gid://syiq/Yacht/16070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander 8/0423.9m (78'5&quot;)Zeelander Yachts2027">first Zeelander 8</a> based on the East Coast of the United States.<img src="https://photo-assets.superyachttimes.com/photo/395180/image/large-157902aeeea67d9b3d710740def2e705.jpg" data-gid="gid://syiq/Photo/395180">The sale marks a notable milestone in the family-owned shipyard’s continued expansion throughout North America. The owners of the fourth hull in the flagship series plan to spend summers in Nantucket and winters in Palm Beach, the builder notes.The yacht features exterior design by <a data-gid="gid://syiq/Company/43" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cor D. Rover Design (Company)">Cor D. Rover Design</a>, with naval architecture developed by <a data-gid="gid://syiq/Company/4360" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Level – Amsterdam (Company)">Sea Level-Amsterdam</a>. Outside, the <a data-gid="gid://syiq/Yacht/16070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander 8/0423.9m (78'5&quot;)Zeelander Yachts2027">Zeelander 8</a> pairs retro-inspired styling with Dutch craftsmanship, characterised by sweeping curves, elongated glazing and a sculpted profile. <img src="https://photo-assets.superyachttimes.com/photo/395185/image/large-715522f18c77578f34b1beb1d30f9e5b.jpg" data-gid="gid://syiq/Photo/395185">“The East Coast of the United States has always been a natural home for <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a>,” commented Sietse Koopmans, Chairman of <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander Yachts</a>. “From Palm Beach to Nantucket, our yachts have resonated with owners who look beyond size alone. They choose a yacht that reflects their personal taste: something crafted to the highest standard, sophisticated and distinctive."<img src="https://photo-assets.superyachttimes.com/photo/395183/image/large-a6cb875a901eb2f9b594f5d6120b0ebd.jpg" data-gid="gid://syiq/Photo/395183" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> <img src="https://photo-assets.superyachttimes.com/photo/395182/image/large-8a73643786d21d41f17b434786396f93.jpg" data-gid="gid://syiq/Photo/395182" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Built entirely bespoke at <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a>’s shipyard in Groot-Ammers, the Netherlands, the <a data-gid="gid://syiq/Yacht/16070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander 8/0423.9m (78'5&quot;)Zeelander Yachts2027">Zeelander 8</a> has been conceived to remain owner-oriented in scale and operation, offering a more intimate and personal yachting experience.<img src="https://photo-assets.superyachttimes.com/photo/395175/image/large-1900eb1f599275552b892f618b5ed9e2.png" data-gid="gid://syiq/Photo/395175"><img src="https://photo-assets.superyachttimes.com/photo/395176/image/large-2be409b1cb512eebdae9906956479b96.jpg" data-gid="gid://syiq/Photo/395176">Her design prioritises “privacy, flexibility and comfort on the water, while remaining equally suited to long-range cruising, entertaining and quiet escapes between destinations.”“We can customise anything you can touch, except for the shape of the vessel,” added Koopmans. “We offer unlimited choice of materials, the possibility to customise the layout - in fact every <a data-gid="gid://syiq/Yacht/16070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander 8/0423.9m (78'5&quot;)Zeelander Yachts2027">Zeelander 8</a> made so far has had a completely different layout, style and furniture pieces, all while still in the iconic shape of <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a>.”<img src="https://photo-assets.superyachttimes.com/photo/395173/image/large-f9dfea9cb30d935db6b8d0f16d4d135b.jpeg" data-gid="gid://syiq/Photo/395173" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);"><img src="https://photo-assets.superyachttimes.com/photo/395174/image/large-ce10aa7416c058ffdc3b614c7a324cbd.jpg" data-gid="gid://syiq/Photo/395174" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">With a beam of 6.4-metres and volumes of 85 GT, accommodation onboard is arranged for up to six guests, alongside dedicated quarters for a crew of three. The yacht’s interiors embrace a calm and modern look defined by rich timber finishes, curved architectural detailing and panoramic windows letting in plenty of natural light and the surrounding vistas.<img src="https://photo-assets.superyachttimes.com/photo/395184/image/large-110eef17e94a6d470d4568dd8e32e888.jpg" data-gid="gid://syiq/Photo/395184" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Powered by up to four <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> engines, <a data-gid="gid://syiq/Yacht/16070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander 8/0423.9m (78'5&quot;)Zeelander Yachts2027">Zeelander 8</a> is projected to propel at a top speed of 40 knots. Moreover, <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander Yachts</a> notes that the yacht records just 65dBA at 40 knots, making her one of the quietest vessels in her segment.<img src="https://photo-assets.superyachttimes.com/photo/395181/image/large-d6e92971da1acdbcf2e1b89bd195322b.jpg" data-gid="gid://syiq/Photo/395181">At a cruising speed of 32 knots, the yacht has a reported range of approximately 630 nautical miles, extending to 2,700 nautical miles at seven knots.With the delivery of the latest hull scheduled for 2027, every <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a> model produced by the shipyard will now be represented in the United States market.

Fourth Zeelander 8 yacht sold for 2027 delivery

Zeelander Yachts has sold the bespoke fourth hull in its 24m Zeelander 8 series, with delivery scheduled for 2027.

Fourth 24m Zeelander 8 yacht sold with 2027 delivery date

This article was first published in the <a href="https://yachtchartermarket.com/" rel="noopener noreferrer" target="_blank" title="">Yacht Charter Market newsletter</a>.Before you even step onboard, <a data-gid="gid://syiq/Yacht/11832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raja²55.3m (181'5&quot;)Admiral2025">Raja2</a> stands out from the crowd of white and blue hulled superyachts. Hers is a bronze hull stretching 55-metres, glittering under the Mediterranean sun. Delivered in 2025, this <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> superyacht entered the Mediterranean charter market in her year of delivery, and was a real attention grabber at this year’s <a data-gid="gid://syiq/Event/335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA Charter Show - 2026">MYBA Charter Show</a> in Sanremo in late April, where I had the pleasure of stepping onboard, as well as enjoying a delicious al fresco lunch.<img src="https://photo-assets.superyachttimes.com/photo/389456/image/large-ef112c4eac27f4e46d7e61bec27f7c1f.jpg" data-gid="gid://syiq/Photo/389456">Designed for community funWhat immediately stands out about <a data-gid="gid://syiq/Yacht/11832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raja²55.3m (181'5&quot;)Admiral2025">Raja2</a> is that she’s designed for bringing guests together. Stepping onboard, the beach club immediately stands out, with deck space large enough to lounge around, set up the water toys and dip your toes in the water, creating an easy connection to the sea. The upper foredeck mirrors the spacious and inviting feeling of the beach club, but this area comes with a touch-and-go helipad which also serves as an ideal dancefloor or sunbathing area. Another great spot for guests to come together is the upper deck aft, where guests can enjoy more sunbathing on the sun lounger sofa, or enjoy fine dining around the circular table featuring a lazy susan.&nbsp;The sundeck is an ideal space for guests who like to stay active whilst onboard. Featuring a swimming pool and sunbeds, the space can be transformed into an open-air gym with fabulous views. For those who prefer running on a treadmill, you’ll have to chase the Mediterranean blue from the indoor gym with sliding doors down by the beach club. <img src="https://photo-assets.superyachttimes.com/photo/395115/image/large-7c2e7570eb2f26bf98747c93a79afb0d.jpg" data-gid="gid://syiq/Photo/395115"><a data-gid="gid://syiq/Yacht/11832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raja²55.3m (181'5&quot;)Admiral2025">Raja2</a> has all the water toys that you’d expect of a 55-metre motor yacht, and provides multigenerational entertainment, whether snorkelling, wakeboarding or cruising around on a SeaBob. For those who love to explore the underwater world, <a data-gid="gid://syiq/Yacht/11832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raja²55.3m (181'5&quot;)Admiral2025">Raja2</a> includes proper diving gear, and for those who like to go fast, there are jetskis, waterskis and a jetsurf onboard.<img src="https://photo-assets.superyachttimes.com/photo/395117/image/large-3cc1cbee5eb70b3c6f6228550b692d96.jpg" data-gid="gid://syiq/Photo/395117">A look insideAnother stand-out feature of <a data-gid="gid://syiq/Yacht/11832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raja²55.3m (181'5&quot;)Admiral2025">Raja2</a> is her interior design. A unique colour scheme, including shades of black, white, purple and orange, decorates the saloon, located on the main deck. Broad glazing draws natural light deep into the room and reinforces a constant visual connection with the water. A curved deep-toned sofa forms the focal point of the space, softening the room’s otherwise linear framework and introducing a more sculptural note. Low tables, accent chairs and generous floor space create a setting that feels informal yet considered, allowing the saloon to function equally well for socialising and quieter moments onboard.<img src="https://photo-assets.superyachttimes.com/photo/389462/image/large-a128cc23ddffcb1837a854b198ebc2a5.jpg" data-gid="gid://syiq/Photo/389462">From here, the interior moves into the dining area, where the mood becomes more dramatic. A circular dining table sits beneath a large tiered chandelier, while an oval ceiling opening above adds height and a more pronounced architectural focal point. The dining area remains visually linked to the exterior, maintaining the spatial openness established in the saloon.<img src="https://photo-assets.superyachttimes.com/photo/395116/image/large-69a525a1d341aefae2f4b27821ebc617.jpg" data-gid="gid://syiq/Photo/395116">Able to accommodate 12 guests across six staterooms, the owner’s suite stretches full-beam and is located on the main deck. The bed forms the centre of the composition and looks out over large windows, which bring natural light into the space. A compact desk and seating area adds a practical layer, reinforcing the stateroom’s role as both private retreat and everyday living space. Decorated in pale upholstery, dark flooring and stone-effect finishes, the owner’s suite established a restrained palette, while mirrored ceiling panels heighten the sense of light and volume.The guest accommodation is located on the lower deck, and includes a VIP stateroom, two doubles and two twins; a sleeping arrangement that is well suited to cater to a broad range of charter groups, including families, friends, and multigenerational groups. Guests staying onboard <a data-gid="gid://syiq/Yacht/11832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raja²55.3m (181'5&quot;)Admiral2025">Raja²</a> are cared for by a crew of 11, including the captain.<img src="https://photo-assets.superyachttimes.com/photo/389465/image/large-356475cd12e2843acceca5208632f630.jpg" data-gid="gid://syiq/Photo/389465">Al fresco lunchA standout feature of <a data-gid="gid://syiq/Yacht/11832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raja²55.3m (181'5&quot;)Admiral2025">Raja2</a> is her crew, and especially their chef. When settling down for an al fresco lunch on the upper deck aft, guests get a waft of whatever deliciousness is being cooked up in the kitchen. During <a data-gid="gid://syiq/Event/335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA Charter Show - 2026">MYBA</a>, the chef treated the guests to a lunch that included homemade truffle potato chips, which rotated around the lazy susan in the centre, as well as a floral butter with fresh bread, before moving on to the four-course meal.&nbsp;Not only was the multi-course meal delicious, including a phenomenal steak accompanied by potato purée, and an incredible three-layer chocolate cake for dessert, including the <a data-gid="gid://syiq/Yacht/11832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raja²55.3m (181'5&quot;)Admiral2025">Raja2</a> logo imprinted on a slab of chocolate. The tablescaping, too, was beautifully designed, including a large mixture of florals in the decorations, alluding to the city of Sanremo, which is known as the ‘City of Flowers’.Whether indulging in the chef’s creations, lounging on the beach club, or floating in the sundeck pool, time onboard <a data-gid="gid://syiq/Yacht/11832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raja²55.3m (181'5&quot;)Admiral2025">Raja2</a> is time well spent. <a data-gid="gid://syiq/Yacht/11832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raja²55.3m (181'5&quot;)Admiral2025">Raja2</a> is for charter with <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.<img src="https://photo-assets.superyachttimes.com/photo/389455/image/large-432def60a3b8cec921991d12615b1732.jpg" data-gid="gid://syiq/Photo/389455">

Raja2: Designed to stand out

Step inside the bronze-hulled 55-metre superyacht Raja2

<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> has announced that the third 79.80-metre Amels 80 superyacht, <a data-gid="gid://syiq/Yacht/12881" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zurich79.8m (261'10&quot;)Amels2026">Project Zurich</a>, has commenced her sea trials.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/395188/image/large-a845f1afd794df02578a75825214c8eb.jpeg" data-gid="gid://syiq/Photo/395188">“This 80-metre Amels Limited Editions reflects the continued progress of the <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> proven build philosophy,” commented the shipyard. “Sea trials play an important role pre-delivery to test and fine tune her performance, comfort, onboard systems and overall operation in real conditions.”Construction on <a data-gid="gid://syiq/Yacht/12881" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zurich79.8m (261'10&quot;)Amels2026">Project Zurich</a> began in 2023 and she was seen for the first time in November 2024. Earlier this year, she was launched from <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting’s</a> facility in Vlissingen, the Netherlands, in March.<img src="https://photo-assets.superyachttimes.com/photo/395187/image/large-928f8e04f4f5ee7285b2e54dc0cb837f.jpeg" data-gid="gid://syiq/Photo/395187">Read:&nbsp;<a data-gid="gid://syiq/Article/65512" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Third Amels 80 yacht Project Zurich launched with custom interior design (2026-03-02 16:45:00 +0100)">Third Amels 80 yacht Project Zurich launched with custom interior design</a>Like the first two hulls in the Amels Limited Editions 80 series, <a data-gid="gid://syiq/Yacht/12881" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zurich79.8m (261'10&quot;)Amels2026">Project Zurich</a> features exterior design by <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a> and naval architecture by <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>. However, she distinguishes herself with a bright custom interior created by a design studio that remains confidential.<img src="https://photo-assets.superyachttimes.com/photo/395189/image/large-c4931887157189e366837c3a66a785c3.jpeg" data-gid="gid://syiq/Photo/395189"><a data-gid="gid://syiq/Yacht/12881" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zurich79.8m (261'10&quot;)Amels2026">Project Zurich</a> can accommodate up to 15 guests across seven staterooms. Her layout includes a master suite positioned on a dedicated owner’s deck, while the remaining six guest staterooms are located on the main deck. Guest comfort is supported by a crew of 20.<img src="https://photo-assets.superyachttimes.com/photo/395186/image/large-473978bfbe659bd39f4f3af8d945992f.jpeg" data-gid="gid://syiq/Photo/395186">Standout features of the yacht include a 6.5-metre glass-bottomed swimming pool on the main deck aft, which also acts as a skylight for the beach club below. The beach club incorporates a wellness and spa area complete with a gym, hammam, and sauna. Additional highlights include a spacious sundeck fitted with a Jacuzzi for guests onboard.<a data-gid="gid://syiq/Yacht/12881" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zurich79.8m (261'10&quot;)Amels2026">Project Zurich</a> is scheduled for delivery to her owner later this year.Photos provided courtesy of&nbsp;<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>.

Amels yacht Project Zurich sea trials

Damen Yachting has announced that the third 79.80-metre Amels 80 superyacht, Project Zurich, has commenced her sea trials. 

Third Amels 80 yacht Project Zurich on sea trials

<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> has announced that the 30.88-metre <a data-gid="gid://syiq/Yacht/16354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Berlin30.88m (101'4&quot;)Van der Valk Shipyard2027">Project Berlin</a> motor yacht is entering the final phase of superstructure installation. The yacht is now progressing to outfitting following the joining of the wheelhouse on the custom aluminium raised pilothouse design.<img src="https://photo-assets.superyachttimes.com/photo/382278/image/large-92206bfa2b4febd1907b981d4b931a80.jpg" data-gid="gid://syiq/Photo/382278"><a data-gid="gid://syiq/Yacht/16354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Berlin30.88m (101'4&quot;)Van der Valk Shipyard2027">Project Berlin</a> draws inspiration from previous <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> pilothouse yachts and <a data-gid="gid://syiq/Company/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Guido de Groot Design (Company)">Guido de Groot Design</a>. The latter is responsible for both the exterior and interior design, while naval architecture is by <a data-gid="gid://syiq/Company/7" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Diana Yacht Design (Company)">Diana Yacht Design</a>. Her bespoke interior has been tailored to the owner’s preferences, with a focus on modern aesthetics and comfort.<img src="https://photo-assets.superyachttimes.com/photo/395126/image/large-0d6ac2eabd1b3070fe25b027902d327e.jpeg" data-gid="gid://syiq/Photo/395126">She features an asymmetrical layout to maximise interior volume within her seven-metre beam. Her portside crew passage is narrower than her starboard guest side, allowing for increased guest space on board. This is particularly evident in her main saloon and forward dining area, which benefit from large three-metre-long and two-metre-high windows. These glazing panels can be opened and flood <a data-gid="gid://syiq/Yacht/16354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Berlin30.88m (101'4&quot;)Van der Valk Shipyard2027">Project Berlin’s</a> interior with natural light and enhance the connection to her exterior.<img src="https://photo-assets.superyachttimes.com/photo/395191/image/large-66cc024485412d40d3499b83d79f4ebe.jpg" data-gid="gid://syiq/Photo/395191">Moreover, accommodation is provided for up to six guests across three staterooms at a volume of 199 GT. Her layout includes two large VIP ensuite staterooms on her lower deck, while her full-beam master suite is positioned on her main deck and features large opening windows, mirroring those in the saloon.<img src="https://photo-assets.superyachttimes.com/photo/395127/image/large-43cebbbd13cee4ccc2a897feb0ed5d83.jpeg" data-gid="gid://syiq/Photo/395127">Crew accommodation has also been prioritised, with generous space including a large crew mess and three cabins. A dedicated laundry area has been included, a feature often reserved for significantly larger yachts.Moving outside, <a data-gid="gid://syiq/Yacht/16354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Berlin30.88m (101'4&quot;)Van der Valk Shipyard2027">Project Berlin’s</a> wide beam enables a spacious sundeck fitted with an aft spa pool, wraparound sunpads, and multiple lounging and dining areas. Her foredeck also offers additional sunpads, seating, and a barbecue station.<img src="https://photo-assets.superyachttimes.com/photo/395128/image/large-63d05764b6023588ddcc6f193ed39c49.jpeg" data-gid="gid://syiq/Photo/395128">At 23.7-metres on the waterline, she sits just below the 24-metre regulatory threshold, simplifying technical requirements by removing the need for Tier III-compliant exhaust scrubbers. This design optimisation also enables the integration of a tender garage accommodating a <a data-gid="gid://syiq/Company/4203" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Williams Jet Tenders (Company)">Williams</a> Dieseljet 415 tender.Built with a hard chine semi-displacement hull, <a data-gid="gid://syiq/Yacht/16354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Berlin30.88m (101'4&quot;)Van der Valk Shipyard2027">Project Berlin</a> is expected to reach a top speed of 24 knots and a cruising speed of 20 knots. Her two-metre draft also allows access to shallower bays and anchorages.<a data-gid="gid://syiq/Yacht/16354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Berlin30.88m (101'4&quot;)Van der Valk Shipyard2027">Project Berlin</a> is still set for delivery in the summer of 2027.Photos provided courtesy of <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a>.

Van der Valk yacht Project Berlin outfitting

Van der Valk has announced that the 30.88-metre Project Berlin motor yacht is entering outfitting.

31m custom Van der Valk motor yacht Project Berlin moves to outfitting

<a data-gid="gid://syiq/Company/8273" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferrari (Company)">Ferrari</a> has shared the images of its in-build 30-metre Project Hypersail racing yacht, revealing the monohull’s hull structure for the first time following her removal from her mould.<img src="https://photo-assets.superyachttimes.com/photo/395138/image/large-b2841953b6ca77396028ec7adb6c11fd.jpeg" data-gid="gid://syiq/Photo/395138">This construction milestone has provided the first clear look at the form and proportions of the in-build racing monohull.<img src="https://photo-assets.superyachttimes.com/photo/395145/image/large-d28247408cfcde0176af631edb1e1bd9.jpg" data-gid="gid://syiq/Photo/395145" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> First revealed in 2025, <a data-gid="gid://syiq/Yacht/15705" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferrari Project Hypersail30.0m (98'5&quot;)Ferrari2026">Project Hypersail</a> marks <a data-gid="gid://syiq/Company/8273" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferrari (Company)">Ferrari</a>’s foray into offshore sailing. The vessel has been designed as a technology‑led foiling monohull intended to run entirely on renewable energy sources, including solar, wind and kinetic energy recovery systems.<img src="https://photo-assets.superyachttimes.com/photo/395139/image/large-1d4a57a6f3d932d4475eb1acfaf2e1c1.jpg" data-gid="gid://syiq/Photo/395139" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Naval architecture for the project has been developed by <a data-gid="gid://syiq/Company/4347" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Guillaume Verdier Architecture Navale (Company)">Guillaume Verdier</a> in collaboration with <a data-gid="gid://syiq/Company/8273" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferrari (Company)">Ferrari</a>’s internal engineering and design teams led by Matteo Lanzavecchia, Marco Guglielmo Ribigini and Flavio Manzoni.<img src="https://photo-assets.superyachttimes.com/photo/395141/image/large-0950778bf65415d77db3431212e2ede6.jpg" data-gid="gid://syiq/Photo/395141"><img src="https://photo-assets.superyachttimes.com/photo/395144/image/large-da85e75987275eee3527a7cc6a4cdecb.jpg" data-gid="gid://syiq/Photo/395144">Earlier this year, during Milan Design Week, <a data-gid="gid://syiq/Company/8273" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferrari (Company)">Ferrari</a> unveiled the yacht’s official livery, which pairs exposed carbon fibre finished in a bespoke “Grigio Hypersail” tone with accents of “Nuovo Giallo Fly”, a historic <a data-gid="gid://syiq/Company/8273" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferrari (Company)">Ferrari</a> colour closely tied to the brand’s heritage.Read: <a data-gid="gid://syiq/Article/65917" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferrari unveils 30m Project Hypersail racing yacht livery (2026-04-22 14:00:00 +0200)">Ferrari unveils 30m Project Hypersail racing yacht livery</a>“Hypersail is a vessel unique in scale and technology, engineered to deliver peak performance within an environment as singular and unpredictable as the ocean,” explained Matteo Lanzavecchia, Head of Vehicle Engineering at <a data-gid="gid://syiq/Company/8273" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferrari (Company)">Ferrari</a> and Chief Technology Officer of Hypersail.<img src="https://photo-assets.superyachttimes.com/photo/395140/image/large-41561ce1d123538a40cea259094a18a4.jpg" data-gid="gid://syiq/Photo/395140" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">“This is achieved through its core concept: foiling, made possible by a sophisticated control system, leveraging the expertise gained from our automotive developments and powered by energy recovered from renewable sources such as wind, solar and motion.”<img src="https://photo-assets.superyachttimes.com/photo/395142/image/large-52cfc628b13f1cd8820e445723f75c54.jpg" data-gid="gid://syiq/Photo/395142" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Constructed entirely in carbon fibre, <a data-gid="gid://syiq/Yacht/15705" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferrari Project Hypersail30.0m (98'5&quot;)Ferrari2026">Project Hypersail</a> has a beam of 20-metres and an internal volume of 120 GT. She is the first yacht project developed by <a data-gid="gid://syiq/Company/8273" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferrari (Company)">Ferrari</a>.Images courtesy of <a data-gid="gid://syiq/Company/8273" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferrari (Company)">Ferrari</a>.

in-build Ferrari Hypersail racing yacht build update

Ferrari has shared a first look at its 30m in-build Hypersail racing yacht following the removal of its hull from its mould in Italy. 

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