As of today the SYT Team will be on vacation, therefore the website won’t be updated until Friday June 27. Please do keep sending us your messages, but we won’t reply them before the 27th of June. The SYT Team

SYT Team on Vacation

<a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> has announced an exclusive appointment as the agent for <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> in Asia. This strategic partnership hopes to bring together the two iconic brands, both of which are renowned for their commitment to excellence, craftsmanship, and pioneering in the yachting industry.<img src="https://photo-assets.superyachttimes.com/photo/309284/image/large-93bdce7c99289d2ae58e9267a68f7e82.jpg" data-gid="gid://syiq/Photo/309284">Operating as one of Asia-Pacific’s leading yacht sales and service companies, <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> has already begun a new strategic chapter, with the retirement of the company’s founder, Mike Simpson and the recent acquisition by <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, announced on 5th March 2024.Read:&nbsp;<a data-gid="gid://syiq/Article/59876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo acquires 95% of Simpson Marine Group (2024-03-06 09:45:00 +0100)">Sanlorenzo acquires 95% of Simpson Marine Group</a><a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)"><img src="https://photo-assets.superyachttimes.com/photo/309290/image/large-bbfa5629e30fe9af8305cc907df9a4c3.jpg" data-gid="gid://syiq/Photo/309290">Simpson Marine</a> now plans to expand beyond Asia and continue operating as a multi-brand dealership with an updated brand portfolio including <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, <a data-gid="gid://syiq/Company/5648" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluegame (Company)">Bluegame</a>, <a data-gid="gid://syiq/Company/2793" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairline Boats Ltd (Company)">Fairline</a> and <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>.“This notable addition to our portfolio consolidates our presence in the high-end yachting market segment, offering our customers a range of yachts sharing the same principles of the highest craftsmanship and artisan approach,” explained Richard Allen, Chief Operating Officer of <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a>.<img src="https://photo-assets.superyachttimes.com/photo/309292/image/large-c02fb38a81ceb3b6ad6502ea55d75d7f.jpg" data-gid="gid://syiq/Photo/309292">The collaboration between <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> and <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> will be officially launched at the <a data-gid="gid://syiq/Event/222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Singapore Yachting Festival - 2024">Singapore Yachting Festival</a>, taking place this week from 25 to 28 April.&nbsp;"The strong network, the key locations and the highly qualified sales and service teams of <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> will bring the best opportunities to develop the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> brand in some established and upcoming markets of Asia,” added Olivier Decamps, Asia-Pacific Regional Director at <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>.<a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)"><img src="https://photo-assets.superyachttimes.com/photo/309293/image/large-1d9c30ee6bab86a4338b2dcedc4263c5.jpg" data-gid="gid://syiq/Photo/309293">Simpson Marine</a> is committed to growing the Asia-Pacific market, with the inaugural <a data-gid="gid://syiq/Event/213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit">Asia-Pacific Superyacht Summit</a> being held under the patronage of <a data-gid="gid://syiq/Company/7547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Superyachts (Company)">Simpson Superyachts</a>. Taking place in Hong Kong on the 5 and 6 of June, at the Renaissance Hong Kong Harbour View Hotel, the summit aims to develop the Asian superyacht market, in a bid to attract more yachts to the region.James Clayton, Sales Director for <a data-gid="gid://syiq/Company/7547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Superyachts (Company)">Simpson Superyachts</a> is also one of the confirmed speakers at the event for the topic of “Selling superyachts in Asia”You can<a data-gid="gid://syiq/Article/59887" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit 2024 programme announced (2024-04-04 17:00:00 +0200)">&nbsp;find out more about the Asia-Pacific Superyacht Summit</a> and <a href="https://www.eventbrite.nl/e/asia-pacific-superyacht-summit-2024-tickets-810039679487" rel="noopener noreferrer" target="_blank" title="">purchase tickets here</a>.

Simpson Marine appointed Asia's exclusive agent for Nautor Swan

Simpson Marine has announced an exclusive appointment as the agent for Nautor Swan in Asia.

Simpson Marine appointed as exclusive agent for Nautor Swan in Asia

The 98.4-metre <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a> superyacht <a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017">Aviva</a> has reportedly left Malta after her owner, convicted inside-trader Joe Lewis, paid a €5 million fine to the US authorities. The yacht reportedly travelled from Malta along Albania’s coast, before docking at Zakynthos.<img src="https://photo-assets.superyachttimes.com/photo/300951/image/large-2f5e08db5ae6a1fd969e72a40dc16f91.jpg" data-gid="gid://syiq/Photo/300951">British billionaire Joe Lewis was sentenced to three years of probation on 4 April 2024, after pleading guilty to insider trading charges in New York and admitting to sharing business secrets with personal friends.Lewis was sentenced by a federal judge after admitting to repeatedly passing information about four publicly traded companies to his girlfriend, personal pilot, employees and friends, though he did not personally trade or financially benefit from the information shared.<img src="https://photo-assets.superyachttimes.com/photo/291464/image/large-55953f9cd105cbb3f7689ffe4cbcc39c.jpeg" data-gid="gid://syiq/Photo/291464">One of Lewis’ companies, Broad Bay Ltd, also pleaded guilty to securities fraud in the case and agreed to pay a $50 million penalty. According to the Associated Press this is "the largest financial penalty for insider trading in a decade.”According to Bloomberg, Lewis pledged his yacht <a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017">Aviva</a>, along with his private jet to secure his release following his arrest in July. He was prohibited from setting foot onboard the yacht until he had paid a $5 million fine after sentencing, which he settled soon after the verdict in Manhattan.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/59837" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="98m Abeking & Rasmussen superyacht Aviva in Malta (2024-03-01 08:00:00 +0100)">98m Abeking &amp; Rasmussen superyacht Aviva in Malta</a><a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017"><img src="https://photo-assets.superyachttimes.com/photo/291465/image/large-c8a5b4b76e871b101d43dad5b394f424.jpeg" data-gid="gid://syiq/Photo/291465">Aviva</a> had remained in the Mediterranean port for the past year while Lewis faced charges in the US, but has since cruised to the Greek island of Zakynthos earlier last week. The yacht was then seen near Kalamata in southern Greece, although it was unclear whether Lewis was onboard.<a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017">Aviva</a> was delivered in 2017 from Germany and features interior and exterior design by <a data-gid="gid://syiq/Company/56" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Reymond Langton Design Ltd. (Company)">Reymond Langton Design</a>, with naval architecture by her builder <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a>. She boasts eight guest suites, with key amenities including a helipad, padel tennis court, spa and a cinema.<img src="https://photo-assets.superyachttimes.com/photo/43360/image/large-152f9a2cee7ae593d6015229206b47e2.jpg" data-gid="gid://syiq/Photo/43360">

98m yacht Aviva on the move again after convicted owner pays US fine

The 98m Abeking & Rasmussen superyacht Aviva has reportedly left Malta, after her owner Joe Lewis paid a €5 million fine to the US authorities.

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98m superyacht Aviva on the move again after convicted owner pays US fine

Netherlands-based shipyard <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 the retirement of founder Wim van der Valk. <img src="https://photo-assets.superyachttimes.com/photo/308901/image/large-0cfa0ff17e671aa8b5e90856283454ef.jpg" data-gid="gid://syiq/Photo/308901">Wim van der Valk has been at the helm of the shipyard since its foundation in 1967, and his retirement coincided with the celebration of his 79th birthday. As a result of this, a management buyout of Van der Valk’s shares has taken place, financially supported by a family of experienced yacht owners who have previously commissioned three custom superyachts from the <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 Shipyard</a>.“<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 firmly established itself in recent years as one of the only yards in the world with the capacity and flexibility to build all-custom superyachts up to 45 metres in length,” explained <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>. <img src="https://photo-assets.superyachttimes.com/photo/308902/image/large-44fd1a92471c056f658eaaffd2f05467.jpg" data-gid="gid://syiq/Photo/308902">“The management team of Enrico Theuns, Bram Kooltjes and Yoeri Bijker can leverage on decades of combined experience in the high-end yachting industry and will continue to enjoy the ongoing support of President Emeritus Wim van der Valk as an advisor to the board.”Based in Waalwijk, the Netherlands, <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> boasts 9,000 square metres of facilities, with its seventh construction hall opening last November. As well as this, they also reported a full order book stretching well into 2026, which includes their largest superyacht built to date. <img src="https://photo-assets.superyachttimes.com/photo/272384/image/large-3f79af43b9989549f108404a8d5cf2f1.jpg" data-gid="gid://syiq/Photo/272384">“The significant capital investment will enable <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> to continue growing our unique niche in the market for bespoke yachts between 25 and 45 metres,” commented head of sales Yoeri Bijker.&nbsp;“The new primary shareholders fully understand our yard’s ethos having built several award-winning yachts with us and are committed to ensuring <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> retains its Dutch structure, heritage and quality. We have a solid financial future as an independent entity with various options available for further expansion. Wim’s unrivalled legacy could not be in safer hands.”

Wim Van der Valk retires from Van der Valk shipyard

Netherlands-based shipyard Van der Valk has announced the retirement of founder Wim van der Valk.

Van der Valk Shipyard announces retirement of founder and management buyout

A group of 16 leading boat manufacturers and eight industry associations have come together to develop the first-ever environmental footprint methodology for recreational boats under 24 metres.<img src="https://photo-assets.superyachttimes.com/photo/308823/image/large-7f755a2c28b948b5137b3cb872f411d2.jpg" data-gid="gid://syiq/Photo/308823">Tackling climate change and minimising environmental impact a is a significant challenge for the yachting industry. The industry is committed to addressing emissions across the entire lifecycle, however this is only possible with a unified approach.Developed under the umbrella of the European Boating Industry (EBI), the project will be backed up by a database and assessment tool, to allow small and large manufacturers to access the green transition.Among those involved with the project include, Amel Yachts, Amer Yachts, <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti Group</a>, Bavaria Yachts, <a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Beneteau Group</a>, <a data-gid="gid://syiq/Company/7265" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Del Pardo (Company)">Cantiere del Pardo</a>, Catana Group, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Fountaine Pajot, <a data-gid="gid://syiq/Company/6194" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grand Large Yachting (Company)">Grand Large Yachting</a>, Greenline, Inha Works, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, Sasga, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a>, and <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>.The environmental sustainability consultancy Quantis has been chosen as technical partner for the project, with ICOMIA, the International Council of Marine Industry Associations, acting as a strategic partner of the project to ensure global alignment.<img src="https://photo-assets.superyachttimes.com/photo/308818/image/large-e1d9f5e94b0e65abeb83a659c96ef5a4.jpg" data-gid="gid://syiq/Photo/308818">“This is a unique and highly welcome cooperation,” explained Robert Marx, President of EBI. “For the first time, competing manufacturers are committed to jointly addressing the sustainability challenge.”The project will be conducted in two phases, first focusing on developing a science-based and transparent environmental footprint methodology to harmonise calculation rules. In the second phase, the focus will be on implementing this with a comprehensive materials database and user-friendly calculation tool.&nbsp;This will allow manufacturers to conduct eco-design and comprehensively reduce environmental impact, as well as communicate the environmental footprint to consumers, stakeholders and regulators. The project hopes to eventually go beyond carbon emissions and include other critical environmental indicators.<img src="https://photo-assets.superyachttimes.com/photo/308824/image/large-13ce8e821b3be7401b58db04e363f78a.jpg" data-gid="gid://syiq/Photo/308824">“The outcomes will allow companies of all sizes to access the green transition without greenwashing, reduce environmental impact and proactively shape the regulatory approach in Europe and globally,” added Robert Marx.This combined effort will allow the yachting industry to comply with the latest EU environmental legislation and be ahead of the regulatory curve. The project has already been presented to the EU Commission and has received strong support.The threshold of 24 metres was chosen to align with EU regulations, and will be based on a coherent Life Cycle Assessment approach, following the stringent EU Product Environmental Footprint Category Rules.“We need a proactive and pragmatic approach to sustainability and this project will develop the tools that industry needs,” concluded Robert Marx.

Boating industry to develop landmark Environmental Footprint Standard 

A group of boat manufacturers and industry associations have come together to develop the first environmental footprint methodology for boats.

Boating industry comes together to tackle sustainability in yachts

In January, <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> announced that it had to enter a restructuring phase, stating that it had to transition from a 'founder-funded entity to an investor-funded one, led by experienced industry professionals." The company has now completed its restructuring, with German-American investor and <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> client Michael Said having acquired the shipyard out of administration to fund the construction of all in-build projects. <img src="https://photo-assets.superyachttimes.com/photo/308337/image/large-812058c3c2553e503fd4e90ebb28dd38.jpg" data-gid="gid://syiq/Photo/308337">The company has also put a new management team in place, led by the new CEO Fabrizio Iarrera, formerly of both <a data-gid="gid://syiq/Company/4387" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monte Carlo Yachts (Company)">Monte Carlo Yachts</a> and Dolce Vita Yachts. Iarrera will run day-to-day operations with support from Michael Said and a board of shareholders. Steve Bell, a veteran manager from manufacturing businesses, has agreed to serve as Vice Chairman of this board and together, they will oversee the new business and assist the new management team to achieve growth.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/308325/image/large-34efb50e8a582c4756be751867e7f036.jpg" data-gid="gid://syiq/Photo/308325">New CEO Fabrizio Iarrera commented, "<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> is known and recognised throughout the yachting world for developing the technology to make electric catamarans a reality. There are costs associated with creating an entirely new market, and the original business fell prey to these, at a time when price inflation everywhere was spiralling out of control."<img src="https://photo-assets.superyachttimes.com/photo/308333/image/large-6e974e48db713ec1223b3e352e089d51.jpg" data-gid="gid://syiq/Photo/308333">Michael Said has acquired <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> through his acquisition firm Helios Yacht Investments GmbH and has taken control of all assets and intellectual property, including the yachts' design and the shipyard in Fano. Said's investment protected the companies 140 employees jobs and has enabled the yard to continue its production, with the company also announcing the launch of the first <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent</a> 62 catamaran. A further seven of the model are due to launch this year. <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> has also confirmed that it will launch the first 23.95-metre <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent</a> 80 model in 2025, the first of which were due for delivery this year.&nbsp;Iarrera added, "Our yacht owners are passionate about the brand and the yacht itself, as our very strong pipeline of orders shows. For Michael Said, it was an easy decision to invest in a restructured S<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">ilent Yachts</a>, and many of our other owners are just as keen. We know we have a job to do to rebuild the brand's reputation, but we've been thrilled by the positive reception we've had from those who have already put in orders."Over the coming two years, the focus of the yard will be to complete all projects currently under construction and will offer additional build slots of 2025 and 2026.

Silent Yachts new ownership

Silent Yachts announces new management and ownership.

Silent Yachts announces new ownership and management

<a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> has announced the appointment of Ale Navarro as Sales Broker and Partner. Ale Navarro joins <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> with a plethora of knowledge and experience within the industry. <img src="https://photo-assets.superyachttimes.com/photo/308364/image/large-b9cefa9914c17c0a51423ecc19391e77.jpg" data-gid="gid://syiq/Photo/308364">Navarro developed a passion for yachting from a young age, where he spentless countless hours sailing with his family in Colonia and Punta del Este, Uruguay. From here, a deep understanding and appreciation of the water was instilled into him, laying the foundation for his career in the industry.“We are delighted to welcome Ale Navarro to the <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> team,” added Altea Llakmani, COO and Co-Founder of <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a>. “His unwavering passion for the yachting industry, coupled with his robust client relationships and track record of success, make him an invaluable addition to our Company.”Ale Navarro ascended through the ranks from dayworker to captain, serving 10 years under one of the most prolific American superyacht owners. His passion, coupled with his career has led him to be a highly respected individual within the industry.Read:&nbsp;<a data-gid="gid://syiq/Article/49640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Market Watch: Ale Navarro from HMY Yachts (2019-03-05 16:00:00 +0100)">Market Watch: Ale Navarro from HMY Yachts</a><img src="https://photo-assets.superyachttimes.com/photo/65752/image/large-6084768b5300bd3d637c39124ee025be.jpg" data-gid="gid://syiq/Photo/65752">“My decision to join <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> was motivated by a shared commitment to excellence and a mutual dedication to delivering unparalleled client experiences,” expressed Navarro. I saw an opportunity to align myself with a brokerage house that reflects my own values and aspirations. I am eager to contribute to a team that shares my passion for exceeding client expectations.”Ale Navarro’s specialty lies in new yacht construction, where he was recognised as one of the top sellers for <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> USA, and broker of the year at <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY Yachts</a> in 2023.&nbsp;“As we continue to evolve and expand, Ale’s presence as a business partner will undoubtedly facilitate our growth and strengthen our team dynamics, added Altea Llakmani. “At <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI</a>, we pride ourselves on fostering a familial atmosphere, and Ale’s energy, enthusiasm, and drive align perfectly with our ethos. We are thrilled to have him onboard”

FGI Yacht Group appoints Ale Navarro as Sales Broker and Partner

FGI Yacht Group has announced the appointment of Ale Navarro as Sales Broker and Partner. 

Ale Navarro joins FGI Yacht Group as Sales Broker and Partner

Dalian Wanda Group, a leading Chinese conglomerate and the nation's largest shopping mall operator, has allegedly agreed to sell <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker International</a> to Lionheart Capital, according to unnamed sources.<img src="https://photo-assets.superyachttimes.com/photo/302702/image/large-858045b13f3d301dc91e38c975c0fb75.jpg" data-gid="gid://syiq/Photo/302702">The Dalian Wanda Group acquired the UK-based yacht company in 2013, with a total investment value of £320 million and a 91.81% majority stake in the company. According to online news company Bloomberg, a purchase agreement has been signed and is awaiting approval from the British regulatory authorities.Read:&nbsp;<a data-gid="gid://syiq/Article/41092" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wanda announces completion of Sunseeker acquisition (2013-08-27 00:00:00 +0200)">Wanda announces completion of Sunseeker acquisition</a><img src="https://photo-assets.superyachttimes.com/photo/308047/image/large-8327d3e80c4316d7b9db9f4cfea909c8.png" data-gid="gid://syiq/Photo/308047">Miami-based investment firm Lionheart Capital is led by Chief Executive Officer Ophir Sternberg, with the company backing businesses from various different business sectors. In 2021, the company participated in a consortium that acquired powerboat manufacturer Cigarette Racing Team.Read:&nbsp;<a data-gid="gid://syiq/Article/53034" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luxury powerboat company Cigarette Racing under new ownership (2021-05-27 10:15:00 +0200)">Luxury powerboat company Cigarette Racing under new ownership</a>According to Bloomberg, the Wanda Group faced challenges as borrowing costs increased and Beijing implemented stricter regulations on the property sector.&nbsp;SuperYacht Times reached out to <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>, however, they had nothing further to add to the discussion at this time.

Sunseeker International plans to be sold to Lionheart Capital

Wanda Group has allegedly agreed to sell Sunseeker International to Lionheart Capital, according to unnamed sources.

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Sunseeker International allegedly to be sold to Lionheart Capital 

Paolo Pininfarina, Chairman of the <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina Group</a> has passed away aged 65 in Turin, Italy, surrounded by his loved ones. <img src="https://photo-assets.superyachttimes.com/photo/210197/image/large-3c9b5d8b35377c2421139f493234c16e.jpg" data-gid="gid://syiq/Photo/210197">Paolo Pininfarina had led the company as Chairman since 2008, following the death of his brother Andrea. Guided by the principles laid down by his grandfather, Battista "Pinin" Farina, Paolo embarked on a journey to redefine automotive aesthetics and functionality.Under Paolo's stewardship, the <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina Group</a> shaped the contours of automotive icons for prestigious brands like Ferrari, Maserati, and Alfa Romeo. His leadership guided the company through a diversification process in the 1980s, expanding its influence beyond automotive design to become a benchmark in various design fields.Read:&nbsp;<a data-gid="gid://syiq/Article/53979" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="At the studio with the perfect proportions of Pininfarina (2021-10-29 15:45:00 +0200)">At the studio with the perfect proportions of Pininfarina</a><img src="https://photo-assets.superyachttimes.com/photo/45430/image/large-570ccdbf09398bd8531b8ea44bd323e5.jpg" data-gid="gid://syiq/Photo/45430">The studio is known for projects such as the <a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Beneteau</a> 45F5, which introduced a new aesthetic to sailboat design in 1990; <a data-gid="gid://syiq/Yacht/7764" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Destriero67.7m (222'1&quot;)Fincantieri Yachts1991">Destriero</a>, the record-breaking motor yacht launched by <a data-gid="gid://syiq/Company/295" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fincantieri Yachts (Company)">Fincantieri</a> in 1991; the Primatist G46 Aerotop sports cruiser for Bruno Abbate; and the super-fast but minimalist Magnum 80 in 2008.From here the firm has partnered with studios and shipyards such as <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>, <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a>, and <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni</a>. In 2017, <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina</a> joins forces with <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> with the R35, before expanding to other larger models. &nbsp;&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/48734" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Preview: Princess and Pininfarina team up on new X95 design (2018-07-10 13:00:00 +0200)">Princess and Pininfarina team up on new X95 design</a><img src="https://photo-assets.superyachttimes.com/photo/307973/image/large-874e20f35b25a18d3407f60bf391e7fd.jpg" data-gid="gid://syiq/Photo/307973">“Today, we mourn the loss of a visionary leader, but we also celebrate the enduring impact of Paolo Pininfarina's life and work,” added <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina</a>. “His spirit will continue to inspire us as we carry forward his legacy of innovation and excellence.”

Paolo Pininfarina Chairman of the Pininfarina Group passes away

Paolo Pininfarina, Chairman of the Pininfarina Group has passed away aged 65 in Turin, Italy, surrounded by his loved ones. 

Paolo Pininfarina: Chairman of the Pininfarina Group passes away aged 65

<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has officially announced the resignation of Ferruccio Rossi, the company's General Manager and President of Superyachts. Effective April 8, Rossi has relinquished the powers previously granted to him by the board of directors on April 28 and June 22, 2022. Additionally, his tenure as an executive officer of the company will consensually conclude on April 30.<img src="https://photo-assets.superyachttimes.com/photo/303635/image/large-17db85de10541d2a319f0fac04440ee3.jpg" data-gid="gid://syiq/Photo/303635">Rossi will retain his role as a director without the delegated authority at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> until the end of October, receiving the same compensation accorded to non-executive directors. Furthermore, he will progressively resign from his positions within the other companies in the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo group</a>.Ferruccio Rossi commented: "These almost 10 years at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> have been an extraordinary and satisfying period, both at corporate and personal level. I would like to thank Massimo Perotti who has given me the opportunity to live by his side such an extraordinary moment in the history of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, a wonderful company that will continue to reap new successes as it well deserved over the years. The People of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> have given me so much over these years and my gratitude embraces all of them, People whose every-day passion makes the difference. A special thanks to my wife Glenda, always by my side in the challenges of life."<img src="https://photo-assets.superyachttimes.com/photo/250520/image/large-0a3fbeca280e8c3933c53ff570e0aa4f.jpg" data-gid="gid://syiq/Photo/250520">The parties have agreed to activate the non-competition agreement established at the time of hiring, which will remain in effect until April 30, 2025. Additionally, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and Ferruccio Rossi are exploring the possibility of entering into a collaboration agreement, which would enable them to work together on the development of specific projects. The Company specified that Ferruccio Rossi holds 259,618 <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> sharesMassimo Perotti, CEO and Chairman of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, commented, “Over the last 10 years, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has experienced substantial growth, which has strengthened its positioning in the luxury yachting sector, also internationally. I would like to thank Ferruccio Rossi, who contributed to this growth by holding strategic positions within <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Group. I am sure that the new and different relationship that is under negotiation with Ferruccio Rossi will be just as successful. I confirm that <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>'s organisation adequately absorbs the functions that were carried out by Ferruccio Rossi”.

Sanlorenzo and Ferruccio Rossi part ways

Sanlorenzo has officially announced the resignation of Ferruccio Rossi, the company's General Manager and President of Superyachts.

Ferruccio Rossi steps down from Sanlorenzo

For our latest edition of Entrepreneur in Yachting for&nbsp;<a href="https://www.superyachttimes.com/yacht-news/issue-48-superyacht-times-newspaper" rel="noopener noreferrer" target="_blank" title="">Issue 48</a> of the SuperYacht Times newspaper, Francesca Webster sat down with Josh Richardson, Founder and CEO of&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tenders &amp; Toys</a>.<img src="https://photo-assets.superyachttimes.com/photo/303861/image/large-4aed28d1595ca94dd8dbe8c2f1ee84d4.jpeg" data-gid="gid://syiq/Photo/303861">Can you share the inspiration and vision behind the founding of <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a> (SYTT)?&nbsp;Essentially it was due to a need for a go-to company offering management consultancy and procurement for tenders and toys on a new-build project I was working on as a yacht manager. As I could not find anyone who offered what I needed, I thought it was something the world needed! Turns out it did – phew! The tenders and toys had always been a specific area of interest for me as a previous captain and a yacht manager, and I believed I had a very specific skill set which others could use on their projects! Prior to <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">SYTT</a> I was Chief Instructor of a yacht training school, so had a huge amount of experience in all manner of craft. I also had a job driving boats in films, followed by captaining various sailboats between the UK and NZ, followed by a few years working for <a data-gid="gid://syiq/Company/2220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hill Robinson (Company)">Hill Robinson Yacht Management</a>. <img src="https://photo-assets.superyachttimes.com/photo/303864/image/large-056c07999a8a74c083bc6d9ac61fd644.jpeg" data-gid="gid://syiq/Photo/303864">Could you elaborate on some key milestones and challenges that have shaped the company's journey so far?&nbsp;Initially it was just my wife and I working from home but very quickly we grew with seemingly large steps such as getting offices, warehousing and growing our staff. In recent years with Brexit, covid and the Ukraine war this has certainly caused some additional challenges. Some of these are positive, such as us setting up a Monaco company and extending our warehousing to Nice to cater for EU clients.We were ahead of the market (first to market) in the offering we were doing as a business when we set up and that certainly helped us grow as a business. Typical tenders onboard yachts were a <a data-gid="gid://syiq/Company/2473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Novurania (Company)">Novurania</a> or a <a data-gid="gid://syiq/Company/5361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zodiac Maritime Ltd. (Company)">Zodiac</a> and toys were usually a Jet Ski and towable. As we know this has greatly changed, with tenders and toys being critical to the enjoyment and marketing of a yacht, with a typical 50 metre spending approximately €100k on a new-build toys setup and yachts having multiple, often custom yacht tenders, limousines and chase boats. In the very early days, many tender manufacturers were unknown and poorly marketed, and our experience made a huge difference in helping guide clients into the best craft for their needs.<img src="https://photo-assets.superyachttimes.com/photo/303865/image/large-c67e542ebaca2327d33f9f53256808f2.jpeg" data-gid="gid://syiq/Photo/303865">In terms of milestones one significant one was where we won a Queen's Award and met the Royals at Buckingham Palace in 2017. We also won numerous other awards such as the British Marine Federation (BMF) Best Marine Business to work for, BMF Business of the Year and Sunday Times Fasttrack awards showing company growth. Other milestones are some large new-build orders which we got a lot of PR and marketing from. We have been lucky to work with some innovative owners and an example which instantly springs to mind is the original Ulysses U107 (now <a data-gid="gid://syiq/Yacht/4946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andromeda107.4m (352'4&quot;)Kleven Maritime AS2016">Andromeda</a>) and U116 (now <a data-gid="gid://syiq/Yacht/5796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Multiverse116.0m (380'7&quot;)Kleven Maritime AS2018">Multiverse</a>) made by <a data-gid="gid://syiq/Company/2996" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kleven Maritime AS (Company)">Kleven</a>. On these we completed the full tenders and toy outfitting, showcasing what it is we do. We are now involved in a lot of large new-builds in a similar capacity. In truth, the larger the project the more value we add and are often considered an extension to a new-build team.<img src="https://photo-assets.superyachttimes.com/photo/203481/image/large-f2ec189e8856bb169bf1f545e7f7c8b7.jpg" data-gid="gid://syiq/Photo/203481">How has the company evolved to meet the changing demands of the industry?&nbsp;There have been several changes over the years to <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">SYTT</a> and we are now a Group of companies. This includes:&nbsp;• <a data-gid="gid://syiq/Company/6281" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shipyard Supply co (Company)">Shipyard Supply Co</a>, setup in 2018, specifically aimed at manufacturing and selling our own deck equipment out of our Suffolk, UK HQ. This includes transom fenders, carbon pillar fenders, tender whips and more.• Incorporating <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">SYTT</a> MC in 2019, our Monaco business, required due to Brexit but also setup to increase our presence to operational yachts and toy rental in the Med.• Launching <a data-gid="gid://syiq/Company/6504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ROAM (Company)">ROAM</a> boats in 2021, our own brand of aluminium adventure yacht tenders.• Bringing to market our own Superyacht Inflatables, manufactured in the EU and made from a recyclable TPU instead of PVC.&nbsp;A constant theme with our businesses has been the development to offer what the market is after and adjust what we offer to suit, constantly being in evolution. The requests we got back in 2011 are very different to what we now receive. An example of this is that we used to get asked to populate a tender garage and had a very loose brief. Nowadays people are more educated and know specifically what they want. One significant change for us as a business is that now, in 2023, an increasing number of clients are after a manufacturer direct relationship. This is partly due to price, to ensure the best value, service and communication. <img src="https://photo-assets.superyachttimes.com/photo/221830/image/large-dcfd9578fc59eae1b469069b3c099f14.jpeg" data-gid="gid://syiq/Photo/221830">As the CEO, what strategies have you employed to foster a culture of innovation within the company?Innovation has been easy! Clients simply ask us to develop new things, whether that be products or services. In terms of personnel we are a very relaxed office and everyone mucks in at all levels. Office doors are always open and both Claire and I have always shared all information throughout the company. This is done face to face but we also share info internally on newsletters, days out and corporate events. Everyone is as important as each other, that is why we have things such as company wide bonuses, which are the same value if junior admin to senior management.<img src="https://photo-assets.superyachttimes.com/photo/303862/image/large-e593931158c77696b4e0c14e5b233bca.png" data-gid="gid://syiq/Photo/303862">Are there any strategic partnerships or collaborations that have played a significant role in the growth and success of&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a>?&nbsp;There are a number of ones here, and thinking about this they mostly rotate around who we like, are friends with and trust. Exceptional relationships on the tenders side have been <a data-gid="gid://syiq/Company/5749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ribeye Tenders (Company)">Ribeye</a>, <a data-gid="gid://syiq/Company/4767" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Compass Tenders Ltd (Company)">Compass</a> and <a data-gid="gid://syiq/Company/4611" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Argo Navis (Company)">Argo Navis</a>. On the toys side it is hard to look past JOBE, Watersports World and Flite.&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a>&nbsp;has expanded its scope beyond traditional yacht toys. Can you share insights into the diversification of the company's offerings and how this has contributed to its overall success?&nbsp;There are actually a few ways to answer this. We made our name back in 2011 being a one stop shop. Whether this be fenders, toys, tenders, ropes, gym equipment, procurement and much more. I remember us shipping bottled water around the world for one yacht! We have however had a mini reset in recent years and we now do not market ourselves like this. We no longer do procurement of anything other than tenders and toys. We are very good at what we do, often being seen as a management consultancy and having unique industry experience and do not want to compete with procurement companies selling toilet rolls, crockery, cushions and filters. This change was mainly due to a combination of seeing which products do well for us as a business. Procurement was the worst and one which no staff enjoyed. Since making this change, which felt quite brave at the time, profits have more than doubled in three years and clients are respecting us as the authority on all things tenders and toys.<img src="https://photo-assets.superyachttimes.com/photo/303867/image/large-189d771c72cd6c82c98a9ecb6a4cbdef.png" data-gid="gid://syiq/Photo/303867">What exciting developments and innovations can we expect from&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a>&nbsp;in the near future?&nbsp;We have some great new <a data-gid="gid://syiq/Company/6504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ROAM (Company)">ROAM</a> tenders soon to hit the water in 2024. These include a 11 metre owners landing craft, a 9.3 metre and 7.5 metre beachlander, some inflatable landing crafts and an electric RIB. Other than that we are involved in almost all large yacht builds delivered from <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>, <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> and others. On the fun front we are working on plans to cycle across the channel on a hydrofoiling bike and skydive from a helicopter in Monaco!Finally, what advice would you give to prospective entrepreneurs in this sector?I would tell them it is terrible, you will never earn money and to look for a different sector! Go and sell crew uniforms or something! Regardless of which sector however, if you work harder, longer and are determined at something you enjoy, then you have all the foundation blocks to be successful.&nbsp;This article is featured in&nbsp;<a href="https://www.superyachttimes.com/yacht-news/issue-48-superyacht-times-newspaper" target="_blank">Issue 48</a>&nbsp;of the SuperYacht Times newspaper.&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">Subscribe now</a>&nbsp;to receive your copy straight to your door and never miss another issue.&nbsp;

Josh Richardson of Superyacht Tenders & Toys 

For our latest Entrepreneur in Yachting, we sat down with Josh Richardson of Superyacht Tenders and Toys.

"I couldn't find anyone who offered what I needed, so I created it!" CEO Josh Richardson of SYTT

Singapore-based marina operator <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15 Marina</a> has announced its expansion into Thailand with the development of <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15</a> Marina Panwa Phuket.<img src="https://photo-assets.superyachttimes.com/photo/309921/image/large-75d6df266941e5ee449152aa5715c95c.jpg" data-gid="gid://syiq/Photo/309921">In collaboration with SUTL Enterprise and the Numchai Group, the new marina marks a significant milestone in the expansion of the <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15</a> network. In 2023, <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15</a> announced the launch of the <a data-gid="gid://syiq/Company/7246" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina Nirup Island (Company)">ONE°15 Marina Nirup Island</a> marina, located off the coast of Batam, Indonesia.Read: <a data-gid="gid://syiq/Article/58179" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE°15 Marina Nirup Island launched in Indonesia (2023-07-24 11:15:00 +0200)">ONE°15 Marina Nirup Island launched in Indonesia</a><img src="https://photo-assets.superyachttimes.com/photo/309920/image/large-a96ad35650e4ba7df1e354b14c54505a.jpg" data-gid="gid://syiq/Photo/309920">SUTL Enterprise is the owner and developer of <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15</a> Marina Sentosa Cove, Singapore, which opened in 2007 and hosts the ICOMIA Boating Industry Conference, as well as the Singapore Yachting Festival.“Harnessing the established <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15</a> brand, we are excited to add another marina to our global network” explained Arthur Tay, CEO and Executive Director of SUTL Enterprise. “<a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15</a> Marina Panwa Phuket is committed to delivering the best-in-class marina standards and experience that our esteemed ONE°15 members and boaters worldwide can expect.”&nbsp;Located at the southernmost tip of Thailand, <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15</a> Marina Panwa Phuket will be the nearest departure point to the highly coveted Phi Phi Islands. The marina will provide a launchpad to explore Phuket, allowing for island-hopping adventures across the Andaman Sea. <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)"><img src="https://photo-assets.superyachttimes.com/photo/309922/image/large-0cb7eb91d245c90b405e5c152fca4c34.jpg" data-gid="gid://syiq/Photo/309922">ONE°15</a> Marina Panwa Phuket is expected to be open by Q4 2024, where it will be welcoming superyachts up to 37 metres. The collaboration with the Numchai Group will allow for the development of upscale dining options and recreational club facilities, ensuring an exceptional experience for marina guests.&nbsp;Moreover, both guests and members can look forward to exceptional yacht charter experiences, including on-water entertainment with live DJs and delicious local cuisine.“We look forward to welcoming <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15</a> members, new and existing, to this exciting new marina location,” concluded Arthur Tay.

ONE°15 Marina to launch marina in Panwa Phuket, Thailand

Singapore-based marina operator ONE°15 Marina has announced its expansion into Thailand with the development of ONE°15 Marina Panwa Phuket.

ONE°15 Marina expands network into Panwa Phuket, Thailand

The 33.7-metre <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Hakvoort</a> motor yacht <a data-gid="gid://syiq/Yacht/3210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adytum33.7m (110'7&quot;)Royal Hakvoort Shipyard2002">Adytum</a> yacht sold with Peter Brown of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> introducing the buyer and Lars Bjorklund of <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/222804/image/large-0e7d3546b7a79ec1085c269729fa201d.jpg" data-gid="gid://syiq/Photo/222804">Delivered in 2022 by the Netherlands-based shipyard <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Hakvoort</a>, <a data-gid="gid://syiq/Yacht/3210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adytum33.7m (110'7&quot;)Royal Hakvoort Shipyard2002">Adytum</a> features an exterior design and naval architecture created by <a data-gid="gid://syiq/Company/11" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Vries Lentsch (Company)">De Vries Lentsch</a>, while her interiors stem from the drawing boards of <a data-gid="gid://syiq/Company/148" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ken Freivokh Design (Company)">Ken Freivokh Design</a>. <img src="https://photo-assets.superyachttimes.com/photo/222827/image/large-c7af745488005c22ad0a5546c14acd52.jpg" data-gid="gid://syiq/Photo/222827">At a volume of 271 GT, the yacht, previously named Checkers, can accommodate up to eight guests across a four stateroom layout. Meanwhile, additional accommodation is available for as many as six crew members. <img src="https://photo-assets.superyachttimes.com/photo/222833/image/large-8bea25e176be9c3a1a48de53416f48da.jpg" data-gid="gid://syiq/Photo/222833">In terms of her guest accommodation, the motor yacht boasts a spacious master stateroom forward on the main deck, complete with an ensuite bathroom and adjoining private office. Moreover, below deck are two king bed staterooms and one twin, each with en suite bathrooms.<img src="https://photo-assets.superyachttimes.com/photo/222836/image/large-b574ebef6459ff1796cefba1bbe78527.jpg" data-gid="gid://syiq/Photo/222836"><img src="https://photo-assets.superyachttimes.com/photo/222834/image/large-d338c0432847693bb6f7f8e1c4d271ed.jpg" data-gid="gid://syiq/Photo/222834">Performance-wise, the vessel is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines that can reach a top speed of 13 knots. <img src="https://photo-assets.superyachttimes.com/photo/222842/image/large-f0077aadc1234432d8b17c71a766fdc2.jpg" data-gid="gid://syiq/Photo/222842"><img src="https://photo-assets.superyachttimes.com/photo/222840/image/large-13992d1e1675df84c8ae49dd6dc590f5.jpg" data-gid="gid://syiq/Photo/222840">At the time of her sale, <a data-gid="gid://syiq/Yacht/3210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adytum33.7m (110'7&quot;)Royal Hakvoort Shipyard2002">Adytum</a>’s last known asking price was €6,900,000.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/83509/image/large-78af88bf0016ef97c791fc6bc1d86a53.jpg" data-gid="gid://syiq/Photo/83509">

34m Hakvoort yacht Adytum sold

The 33.7-metre Hakvoort motor yacht Adytum yacht sold with Burgess introducing the buyer and Ocean Independence representing the seller.


34m Hakvoort motor yacht Adytum sold

The 33.53-metre <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a> 110 Dolcevita motor yacht <a data-gid="gid://syiq/Yacht/12963" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Don't Worry33.53m (110'0&quot;)Riva S.p.A.2024">Don’t Worry</a> has been delivered to her owner. <img src="https://photo-assets.superyachttimes.com/photo/187035/image/large-58bd8437c74515a919e39db53d558378.jpg" data-gid="gid://syiq/Photo/187035">Construction on <a data-gid="gid://syiq/Yacht/12963" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Don't Worry33.53m (110'0&quot;)Riva S.p.A.2024">Don’t Worry</a> began in 2023, with her sale, facilitated by Michel Chryssicopoulos of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>, alongside the owner's team and Markogiannis Law Office, was announced in May 2023.&nbsp;<a data-gid="gid://syiq/Yacht/12963" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Don't Worry33.53m (110'0&quot;)Riva S.p.A.2024">Don’t Worry</a> boasts a sleek exterior design, with interior and exterior design by <a data-gid="gid://syiq/Company/366" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Officina Italiana Design (Mauro Micheli) (Company)">Officina Italiana Design (Mauro Micheli)</a>, in collaboration with the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> engineering department.<img src="https://photo-assets.superyachttimes.com/photo/41808/image/large-d307c2932f6df3d2d0aaa4df2a3b9cd7.jpg" data-gid="gid://syiq/Photo/41808">With a five stateroom configuration the <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a> 110 Dolcevita yacht can comfortably sleep up to 10 guests. She also has accommodation for a professional crew of five, across three cabins.Key features onboard the <a data-gid="gid://syiq/Yacht/12963" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Don't Worry33.53m (110'0&quot;)Riva S.p.A.2024">Don’t Worry</a> include, an expansive sun deck, an elegant alfresco dining area and a second helm sheltered under a hardtop bimini. She is also equipped with an extensive list of water toys and state-of-the-art equipment.<img src="https://photo-assets.superyachttimes.com/photo/187044/image/large-b5f4094f997d03d24645a00e01a69d75.jpg" data-gid="gid://syiq/Photo/187044">Performance-wise, <a data-gid="gid://syiq/Yacht/12963" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Don't Worry33.53m (110'0&quot;)Riva S.p.A.2024">Don’t Worry</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, which propel her to a top speed of 26 knots and a cruising speed of 23 knots.<a data-gid="gid://syiq/Yacht/12963" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Don't Worry33.53m (110'0&quot;)Riva S.p.A.2024">Don’t Worry</a> will be joining <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>’s Central Agency Charter Fleet, managed by Fotis Geranios and will be available for charter starting this summer in Greece.(The images used in this article are of other Riva 110 Dolcevita yachts and are used for illustrative purposes)

34m Riva 110 Dolcevita yacht Don’t Worry delivered

The 33.53-metre Riva 110 Dolcevita motor yacht Don’t Worry has been delivered to her owner.

34m Riva 110 Dolcevita motor yacht Don’t Worry delivered

The 33.4-metre <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> motor yacht <a data-gid="gid://syiq/Yacht/2479" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dayboat33.4m (109'7&quot;)Overmarine Group SPA2006">Dayboat</a> sold with Manuele Thiella of <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a> introducing the buyer and Cornelius Gerling from <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/280733/image/large-15d6a8a02eeb88ab8d93924f348a0b7c.png" data-gid="gid://syiq/Photo/280733">Delivered in 2006 by her Italy-based builder <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> as part of their Mangusta 108 series, the sport boat yacht features an exterior designed by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, as well as naval architecture created by <a data-gid="gid://syiq/Company/409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andrea Bacigalupo (Company)">Andrea Bacigalupo</a>.<img src="https://photo-assets.superyachttimes.com/photo/280726/image/large-8426b9f6bb3374efed72a17d0e417909.png" data-gid="gid://syiq/Photo/280726">Across her volume of 181 GT, a sumptuous four stateroom configuration is capable of sleeping as many as 10 guests, while additional accommodation is also provided for up to six crew members.<img src="https://photo-assets.superyachttimes.com/photo/280719/image/large-03a3e1de03fd6ffe3d6603ec176a7583.png" data-gid="gid://syiq/Photo/280719"><img src="https://photo-assets.superyachttimes.com/photo/280720/image/large-5ee1722a94e75ca5977b8c77d8c91633.png" data-gid="gid://syiq/Photo/280720">Among the yacht’s standout features are the spacious, well-appointed saloon, complete with a retractable sun roof for a comforting connection to the outdoors<img src="https://photo-assets.superyachttimes.com/photo/280706/image/large-dfaa9ed1b1e5a35e0b9f619fa4a6892b.png" data-gid="gid://syiq/Photo/280706"><img src="https://photo-assets.superyachttimes.com/photo/280704/image/large-4e1c0331eec1efa06d572fe281bff975.png" data-gid="gid://syiq/Photo/280704">Previously named Yalla, the vessel boasts a low draft of 1.3-metres that allows her to effortlessly explore uncharted coves and quickly flit from shore to shore.<img src="https://photo-assets.superyachttimes.com/photo/280705/image/large-5d71e811a4d17353e8c99c3f2f89210d.png" data-gid="gid://syiq/Photo/280705">Performance-wise, <a data-gid="gid://syiq/Yacht/2479" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dayboat33.4m (109'7&quot;)Overmarine Group SPA2006">Dayboat</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines that propel her to a cruising speed of 26 knots along with a top speed of 36 knots.<img src="https://photo-assets.superyachttimes.com/photo/280727/image/large-3744007aa475865e89b6a4abb9c8b85c.png" data-gid="gid://syiq/Photo/280727">At the time of her sale, <a data-gid="gid://syiq/Yacht/2479" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dayboat33.4m (109'7&quot;)Overmarine Group SPA2006">Dayboat</a>’s last known asking price was €3,200,000.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/280736/image/large-6f5f1bff8136f5f32fb4a6d96a892e57.png" data-gid="gid://syiq/Photo/280736">

33m Overmarine yacht Dayboat sold

The 33.4-metre motor yacht Dayboat sold with Royal Yacht International introducing the buyer and Edmiston representing the seller. 


33m Overmarine motor yacht Dayboat sold

Like all Greeks, Nikolas Pateras has an inherent love for the sea, but his passion for seafaring goes beyond that of even his most water loving countrymen. Born into a seventh generation shipping family, Nikolas has been raised on the water, surrounded by yachts and vessels of all sizes. At the age of only 33 he acquired his first yacht, the 31.5-metre classic <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> <a data-gid="gid://syiq/Yacht/757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dama di Cuori31.5m (103'4&quot;)Benetti SpA1970">Moongoddess</a>, which sparked a lifetime's journey of yacht ownership that has seen him own eight yachts over the past twenty seven years. Today Nikolas is the proud owner of both the 65.25-metre <a data-gid="gid://syiq/Yacht/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adamas V65.25m (214'1&quot;)Cantieri Navali Nicolini Srl1987">Adamas V</a> and the renowned <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> built sailing yacht <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a>. This January Francesca Webster sat down with Nikolas to hear the story of his life aboard boats.<img src="https://photo-assets.superyachttimes.com/photo/309866/image/large-0aadf7bb4245a0a318e7159a4533b68d.png" data-gid="gid://syiq/Photo/309866">Originating from the tiny island of Oinousses, Nikolas’ family earned their living in the 1700s by transporting goods from the Turkish coast to the island of Chios. By the late 1800s, the familial business had grown from small wooden vessels to clipper ships and by 1902 they purchased the first steamship.A legacy of perseverance and determination, the family business has been through good years and tough times, losing all their ships in both World Wars. Nikolas first joined the company Pateras Brother Ltd, in 1986 at the age of 23, and since joining has managed 150 vessels. In 2015 he moved into the container ship market with Contships Management Inc. While cargo ships are his business, it is in yachts that Nikolas and his family get the most pleasure. “My father and uncle had boats from the early 1970s, and my uncle built a trawler with accommodation in the bow. I used to spend all my time onboard, working as crew at the age of 14-15 during the summer holidays learning the ropes. It became my dream to buy my own when I was grown up.”<img src="https://photo-assets.superyachttimes.com/photo/65838/image/large-cb8c108da5697c524fe824280859432c.jpg" data-gid="gid://syiq/Photo/65838">“When I saw <a data-gid="gid://syiq/Yacht/757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dama di Cuori31.5m (103'4&quot;)Benetti SpA1970">Moongoddess</a> in Monte Carlo I fell in love. I’d always wanted a canoe stern yacht and she was built like a pocket size mega yacht. White hull and traditional lines. The lady I acquired her from even gave me the Hermes cigar humidor that was originally onboard, which I still have to this day. ”She was the first Adamas, the Greek word for Diamond”. His daughter Anastasia was born in 1996, the year he acquired <a data-gid="gid://syiq/Yacht/757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dama di Cuori31.5m (103'4&quot;)Benetti SpA1970">Moongoddess</a> but not long after Anastasia’s birth came a second child, and around the same time many of Nikolas’ friends were also building families and wanting to spend time onboard, so it was time to scale up.<img src="https://photo-assets.superyachttimes.com/photo/104517/image/large-37f5a4e07f2627b50397023f38d0d22f.jpg" data-gid="gid://syiq/Photo/104517">Walking through Rotterdam airport one morning in 1998, Nikolas picked up an industry magazine and flicking through the pages, found a <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> advert for Azzam, which later became his <a data-gid="gid://syiq/Yacht/2201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Itoto61.0m (200'2&quot;)Dauphin Yachts1987">Adamas II</a> on the market for $16 million. The 59-metre yacht had an interesting history having been owned and built by the Emir of Abu Dhabi as an almost exact copy of the 61-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/1435" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanoo61.0m (200'2&quot;)Feadship1979">Sanoo</a>. “She was an interesting size and had nice <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>-esque lines, so I called the broker and offered $8 million. He said that it was never going to happen, and that they had two American clients offering $14. But not long after I got a call back because the Americans would only take the yacht if she was delivered to the Med, and the owner was refusing to send the yacht through the Suez Canal, so whoever took delivery would have to do so in Abu Dhabi. I sent a few guys down there, and they looked her over, said she was in great condition so we put the offer back on the table. The Emir accepted and even left all the furnishings and cutlery onboard, as well as two <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a> tenders.’’<img src="https://photo-assets.superyachttimes.com/photo/57492/image/large-c2fbcfadd1c4cf04602a352bf9bfd44c.jpg" data-gid="gid://syiq/Photo/57492">Nikolas brought her back to the Piraeus, where all of his commercial work takes place, for a refit, and he kept the yacht for 10 years, cruising her through the Mediterranean and Aegean with his family. Today she is moored around the corner from the Nikolas’ office in Athens, renamed <a data-gid="gid://syiq/Yacht/2201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Itoto61.0m (200'2&quot;)Dauphin Yachts1987">Itoto</a>.<img src="https://photo-assets.superyachttimes.com/photo/13169/image/large-597991ee8fab55be7b4d01b45b5fdf49.jpg" data-gid="gid://syiq/Photo/13169">With <a data-gid="gid://syiq/Yacht/2201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Itoto61.0m (200'2&quot;)Dauphin Yachts1987">Adamas II</a> sold in 2006, along came <a data-gid="gid://syiq/Yacht/3971" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gloria38.4m (125'12&quot;)Jongert Yachts1986">Gloria</a>, a beautiful 38.4-metre <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert</a> ketch; “I’d wanted a sailing yacht for quite a few years and had owned smaller yachts in my youth. It was my dream that the children would grow up sailing as I had, but while they loved being onboard, neither took to sailing particularly. Then one day in 2010 my captain called me and said that there was a man sitting on the dock staring at <a data-gid="gid://syiq/Yacht/3971" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gloria38.4m (125'12&quot;)Jongert Yachts1986">Gloria</a>. I sent one of the crew to approach the guy, who turned out to be Peter De Savary, previously owner of <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>. Peter had fallen in love with the yacht and we came to an agreement for him to buy her.”<img src="https://photo-assets.superyachttimes.com/photo/11021/image/large-64d186ab952f1e4c0420875fc39db076.JPG" data-gid="gid://syiq/Photo/11021">Famously the only yacht he’d ever made money from selling, after <a data-gid="gid://syiq/Yacht/3971" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gloria38.4m (125'12&quot;)Jongert Yachts1986">Gloria</a>, Nikolas decided to take a sabbatical from both yacht ownership and shipping, selling his entire fleet of 50 ships in 2008. He became a shareholder of the Greek football team Panathinaikos F.C., in his own words, “the Chelsea of Greece,” but after winning the Super Cup and the Championship “and spending €20 million in the process” he decided it was time to return to &nbsp;shipping, and in turn yacht ownership.Deciding to go for something lighter than <a data-gid="gid://syiq/Yacht/2201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Itoto61.0m (200'2&quot;)Dauphin Yachts1987">Adamas II</a>, Nikolas found the 39.7-metre <a data-gid="gid://syiq/Yacht/4408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arionas39.7m (130'3&quot;)Clelands Shipbuilding Co Ltd1967">Survetta II</a>, described by his daughter Anastasia as “a very special yacht, with a blue hull and yellow funnel, we absolutely loved her, but she was in a very bad state when we bought her.” Previously owned by the Goulandris family, Nikolas renamed her Arionas, after one of the Greek muses, and spent over €4 million on her refit.<img src="https://photo-assets.superyachttimes.com/photo/186798/image/large-39898d07ac2b544ef18b7a3b8171ae53.jpg" data-gid="gid://syiq/Photo/186798"><img src="https://photo-assets.superyachttimes.com/photo/33705/image/large-418bcf056381e09181447a8d73a7aa5f.jpg" data-gid="gid://syiq/Photo/33705">Eventually deciding in 2014 to go for a faster boat, the 38-metre <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a> yacht Multiple, later renamed <a data-gid="gid://syiq/Yacht/2134" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Möbius38.0m (124'8&quot;)Cantieri di Pisa1996">Adamas III</a>, he sold <a data-gid="gid://syiq/Yacht/4408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arionas39.7m (130'3&quot;)Clelands Shipbuilding Co Ltd1967">Arionas</a> to the opera singer Cecilia Bartoli. Nikolas explains, “Cecilia was in Mykonos with her husband and saw the boat and asked to come onboard. They loved the yacht and asked to buy her. I told them I was considering a faster yacht, but selling her was a big mistake. She is the only boat I truly regret having sold, she has beautiful classic lines and by the time we had finished the work on her, she was perfect.”<img src="https://photo-assets.superyachttimes.com/photo/255986/image/large-e83d9098d9c5de195f5001938733928e.jpeg" data-gid="gid://syiq/Photo/255986">From <a data-gid="gid://syiq/Yacht/2134" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Möbius38.0m (124'8&quot;)Cantieri di Pisa1996">Adamas III</a>, Nikolas then acquired a second <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a> yacht in 2022, the 32-metre My Nat, which became <a data-gid="gid://syiq/Yacht/2140" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tigra32.0m (104'12&quot;)Cantieri di Pisa2004">Adamas IV</a>, a smaller, faster and slightly younger yacht. Despite acquiring two <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a> yachts over the course of eight years, the style of vessel wasn’t really for him. In 2017 while cruising <a data-gid="gid://syiq/Yacht/2134" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Möbius38.0m (124'8&quot;)Cantieri di Pisa1996">Adamas III</a> in Corfu, Nikolas saw the 32.72-metre, black-hulled <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a> for the first time. Belonging then to Mr Nathaniel Rothschild and on the market for €4.5 million, Nikolas reached out to the broker to enquire if she could be bought for €2.5 million - the answer was a resounding no.<img src="https://photo-assets.superyachttimes.com/photo/118627/image/large-e4568cc43f0bc9b48a65b553238d11e3.jpg" data-gid="gid://syiq/Photo/118627">A large beam for a <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally</a> at nearly 8 metres and a large central cockpit, <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a> is a high performance carbon yacht that also caters to liveaboard periods and the type of entertaining that Nikolas and his family enjoy aboard their yachts. A year after his first inquiry, Nikolas received a call from Mr Rothschild, who was about to launch the 73.2-metre <a data-gid="gid://syiq/Yacht/1596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Planet Nine73.2m (240'2&quot;)Admiral2018">Planet Nine</a>, and was looking to sell <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a>. A deal was made and eventually Nikolas took ownership of the yacht, which at the time was in bad shape having been mostly unused for over a year. <img src="https://photo-assets.superyachttimes.com/photo/42647/image/large-94351e4d5ae88a2de2e992836f00685e.jpg" data-gid="gid://syiq/Photo/42647">“We brought the boat to Piraeus, did a huge amount of work on her, including painting her hull white replacing the sails and my children and wife fell in love with her. I even tried to sell her once or twice, but my wife threatened to shoot me if I sell the boat – in fact she is a wonderful yacht and we enjoy her a huge amount. Low maintenance, lovely lines that were futuristic at the time, but are now completely contemporary, and very seaworthy, we all enjoy cruising the Greek islands with her.”<img src="https://photo-assets.superyachttimes.com/photo/20360/image/large-6dc60a5d7e95e64bcd393c4c5e4da2d6.jpg" data-gid="gid://syiq/Photo/20360">Nikolas’ most recent acquisition in 2023 is the 65.25-metre <a data-gid="gid://syiq/Yacht/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adamas V65.25m (214'1&quot;)Cantieri Navali Nicolini Srl1987">Adamas V</a>, previously Yaakun, originally built for &nbsp;the Emir of Qatar as&nbsp;Al Menwar. An unusual yacht in regards to her configuration with all guest staterooms on the sundeck and a huge engine room and crew quarters Nikolas explains that part of his reason for this acquisition was that she was, at the time, the only reasonably priced 60 plus metre yacht on the market. She has since undergone a significant refit of over €5 million to bring her up to European standards under the supervision of <a data-gid="gid://syiq/Company/76" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vafiadis (Company)">Giorgio Vafiadis</a>. “A very solid, large fast displacement yacht able to cruise at 21 knots, <a data-gid="gid://syiq/Yacht/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adamas V65.25m (214'1&quot;)Cantieri Navali Nicolini Srl1987">Adamas V</a> had an unusual appeal to me and I knew after inspection that she had the potential to become a fantastic superyacht.”<img src="https://photo-assets.superyachttimes.com/photo/20361/image/large-88e6ae6154a3cc3b615ae7dc234a4011.jpg" data-gid="gid://syiq/Photo/20361">While Nikolas enjoyed the yacht over the past summer, his eyes are once again set on the horizon and <a data-gid="gid://syiq/Yacht/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adamas V65.25m (214'1&quot;)Cantieri Navali Nicolini Srl1987">Adamas V</a> may be soon placed in the market, freshly refitted and looking better than ever. With <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a> the family favourite, Nikolas would like to build a 30-metre displacement yacht to cruise between the Greek islands and entertain friends, as he said, “Adamas VI will be the boat they bury me in!”&nbsp;Despite this assurance, it's hard to believe that after an extraordinary repertoire of eight superyachts behind him, Nikolas will be one to throw in the towel, so who knows how many Adamas we may see in the future. For now, for anyone that has the chance to race in or witness the Posidonia Regatta 2024 this coming June, keep an eye out for the reigning champion <a data-gid="gid://syiq/Yacht/539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally B32.72m (107'4&quot;)Pendennis Shipyard Ltd1998">Wally B</a> that is sure to be at the head of the fleet with Nikolas at the helm.<img src="https://photo-assets.superyachttimes.com/photo/66728/image/large-a9ee0e7d0ebfd4c8f4a409ecec84ab92.jpg" data-gid="gid://syiq/Photo/66728">This article is featured in&nbsp;Issue 48 of the SuperYacht Times&nbsp;newspaper.&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">Subscribe now</a>&nbsp;to receive your copy straight to your door and never miss another issue.&nbsp;

In conversation with serial yacht owner Nikolas Pateras.

Francesca Webster sits down with serial yacht owner Nikolas Pateras, to find more about a lifelong love affair with yachts. 



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“When I saw Moongoddess in Monte Carlo I fell in love”—serial yacht owner Nikolas Pateras

The 24.5-metre <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a> 82 yacht <a data-gid="gid://syiq/Yacht/12081" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flagship24.5m (80'5&quot;)VisionF2023">Flagship</a> was engulfed in flames on Sunday 28 April, following a fire at the <a data-gid="gid://syiq/Company/127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrill Stevens Yachts (Company)">RMK Merrill-Stevens</a> shipyard in Miami, USA.<img src="https://photo-assets.superyachttimes.com/photo/309854/image/large-e57e6b6ff607b11ef80837d8be05101e.png" data-gid="gid://syiq/Photo/309854">The yacht arrived at the facility last week and was situated in the water under the shipyard’s shed. When the Miami Fire Rescue team arrived on the scene on Sunday morning, they saw how extensive the fire was and had to send out a second alarm to request more units to assist with the damage.According to news broadcaster NBC6 Miami, 34 units attended the fire and over 100 firefighters were on the scene. Due to the billowing smoke and the complexity of the incident, the team had low visibility while tackling the flames onboard <a data-gid="gid://syiq/Yacht/12081" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flagship24.5m (80'5&quot;)VisionF2023">Flagship</a>. <iframe width="640" height="360" src="https://player.vimeo.com/video/940719646?share=copy" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> The fire was under control after an hour, with Miami Police posting a traffic alert to social media saying the 12th Avenue bridge along NW 7th Street was shut down due to the boat fire and urged drivers to take an alternate route. The cause of the fire is yet to be determined, but authorities believe the solar panels onboard also helped to fuel the fire further.&nbsp;"[<a data-gid="gid://syiq/Yacht/12081" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flagship24.5m (80'5&quot;)VisionF2023">Flagship</a>] also has solar power panels on the top and a lot of electrical batteries as well that power those solar panels. So, that is obviously fueling the flames," explained Miami Fire Lieutenant Pete Sanchez to NBC6. "We were able to remove it from the coverage structure out into the open area."<img src="https://photo-assets.superyachttimes.com/photo/309855/image/large-c14d8b656b5722bc2549acdba995208e.png" data-gid="gid://syiq/Photo/309855">According to authorities, there was not much fuel onboard <a data-gid="gid://syiq/Yacht/12081" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flagship24.5m (80'5&quot;)VisionF2023">Flagship</a>, which has helped to prevent contamination into the water. However, the Coastguard and the Florida Fish and Wildlife Conservation Commission (FWC) will conduct an assessment for any damaging effects the fire may have caused. &nbsp;No injuries or other damaged boats were reported during the incident, with authorities already investigating the cause of the fire. <img src="https://photo-assets.superyachttimes.com/photo/288357/image/large-7b852a83c72fc43bfe52e7183ba4636e.png" data-gid="gid://syiq/Photo/288357"><a data-gid="gid://syiq/Yacht/12081" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flagship24.5m (80'5&quot;)VisionF2023">Flagship</a> was delivered in 2023 from Turkey as part of the <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a> 82 catamaran series. She features interior design and naval architecture by her builder <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a>, with accommodation for up to eight guests across four staterooms.<img src="https://photo-assets.superyachttimes.com/photo/224784/image/large-c3c664dc79ff73a885c393edcdd52c03.jpg" data-gid="gid://syiq/Photo/224784">

25m VisionF 82 yacht Flagship catches fire at shipyard in Miami

The 25m VisionF 82 yacht Flagship was engulfed in flames on 28 April, following a fire at the Merrill-Stevens Yachts shipyard in Miami, USA.

Video: Fire destroys VisionF 82 yacht Flagship at shipyard in Miami

The 51.7-metre Alloy superyacht <a data-gid="gid://syiq/Yacht/66" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Dragon51.7m (169'7&quot;)Alloy Yachts2008">Red Dragon</a> is on the market with Simon Goldsworthy of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>.<img src="https://photo-assets.superyachttimes.com/photo/309820/image/large-ce674ef7630a243c31b9a42f553f952a.jpg" data-gid="gid://syiq/Photo/309820">Delivered in 2008, the <a href="https://www.superyachttimes.com/yachts/sailing/for-sale" rel="noopener noreferrer" target="_blank" title="">sailing yacht for sale</a> features an exterior design and naval architecture imagined by <a data-gid="gid://syiq/Company/35" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubois Naval Architects Ltd. (Company)">Dubois Naval Architects</a>, while her interiors are courtesy of <a data-gid="gid://syiq/Company/63" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wilmotte et Associés architectes (Company)">Wilmotte et Associés architectes</a>.<img src="https://photo-assets.superyachttimes.com/photo/309822/image/large-77210ea1e6f78db1535ec005720d25ec.jpg" data-gid="gid://syiq/Photo/309822">With a volume of 384 GT, the <a href="https://www.superyachttimes.com/yachts/red-dragon/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Red Dragon for sale</a> is capable of hosting as many as 10 guests onboard, across a layout consisting of five staterooms. Additional accommodation is also available for up to 10 crew members.<img src="https://photo-assets.superyachttimes.com/photo/309828/image/large-ae9d8dfb743244bacff1bd50a8f426f6.jpg" data-gid="gid://syiq/Photo/309828">Having benefitted from a refit in 2023, the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a>’s interiors boast a luminous, aerial decor, where light-coloured furnishings, ceilings, floors, and walls create a sense of spacious infinity.<img src="https://photo-assets.superyachttimes.com/photo/309825/image/large-c034d6985e616461c5f9746a66e474b6.jpg" data-gid="gid://syiq/Photo/309825">The unrestrained ambiance is further enhanced by the integration between the indoors and outdoors, which is achieved through expansive saloon windows and sliding glass doors that seamlessly blend the exterior deck space with the cosy interior social hub.<img src="https://photo-assets.superyachttimes.com/photo/309819/image/large-c4ba6e3145437d4d5a509ac93aef3c38.jpg" data-gid="gid://syiq/Photo/309819">Accommodation-wise, the <a href="https://www.superyachttimes.com/yachts/alloy/for-sale" rel="noopener noreferrer" target="_blank" title="">Alloy yacht for sale</a>’s playfully elegant staterooms each include a splash of eye-catchingly colourful modern artwork over the headboards, to serve as an aesthetically pleasing centrepiece of the sleek, tranquil sanctuaries. <img src="https://photo-assets.superyachttimes.com/photo/309827/image/large-7dd22573764ec4e069ace759d66b8d18.jpg" data-gid="gid://syiq/Photo/309827"><img src="https://photo-assets.superyachttimes.com/photo/309829/image/large-c554761cb46d9f067ed3e6bf72c5ca80.jpg" data-gid="gid://syiq/Photo/309829">As for the outdoor deck areas, seating arrangements ideal for sunbathing, socialising, and alfresco dining, sport the same signature white and cream colour palette as the indoor living spaces, exuding a relaxing, classic opulence.<img src="https://photo-assets.superyachttimes.com/photo/309821/image/large-f8124dd1512805b788a3d2647e6bee87.jpg" data-gid="gid://syiq/Photo/309821">In terms of her performance, <a data-gid="gid://syiq/Yacht/66" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Dragon51.7m (169'7&quot;)Alloy Yachts2008">Red Dragon</a> is powered by a single <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engine that can reach a cruising speed of 12 knots along with a top speed of 15 knots.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/309830/image/large-3eac6bad697e6bb494fb0b506f2c11c7.jpg" data-gid="gid://syiq/Photo/309830"><img src="https://photo-assets.superyachttimes.com/photo/309831/image/large-961dc4123cd3ce95b3781ebb7c3f5271.jpg" data-gid="gid://syiq/Photo/309831">

52m Alloy yacht Red Dragon for sale

The 51.7-metre Alloy superyacht Red Dragon is on the market with Simon Goldsworthy of Edmiston.



52m Alloy sailing yacht Red Dragon for sale

The ribbon-cutting ceremony at the new <a data-gid="gid://syiq/Company/3400" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Carlo Riva (Company)">Carlo Riva Port</a> in Rapallo heralded its official reopening, welcoming boats back to this historically significant marina in the Mediterranean. Founded in 1975, the port had previously sustained damage from a storm in October 2018. Now the newly opened <a data-gid="gid://syiq/Company/3400" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Carlo Riva (Company)">Carlo Riva Port</a> offers more than 250 berths spread across nine docks, accommodating boats and yachts ranging from 7.5 to 60-metres.<img src="https://photo-assets.superyachttimes.com/photo/309838/image/large-feb48c49c2cffa38ed32c6857e8910eb.jpg" data-gid="gid://syiq/Photo/309838">The infrastructural and real estate redevelopment of <a data-gid="gid://syiq/Company/3400" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Carlo Riva (Company)">Carlo Riva Port</a> was overseen by the international group Bizzi &amp; Partners, utilising the investment vehicle Argo Srl and in partnership with Fidim by Luca Rovati. The project's total investment surpassed €70 million, with 50 percent allocated to the reconstruction of the outer breakwater."We are proud to reopen a strategic infrastructure for the area and for Liguria, a port among the most sustainable, innovative, and modern in the Mediterranean," declared Davide Bizzi, CEO of Bizzi &amp; Partners and CEO of Argo. "We thank the Liguria Region and the Municipality of Rapallo for their fruitful collaboration over these months, which allowed us to create a service-oriented port integrated with the city, complemented by a high-level commercial and dining offer, perfect for welcoming guests from around the world."The architectural redesign of the new <a data-gid="gid://syiq/Company/3400" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Carlo Riva (Company)">Carlo Riva Port&nbsp;</a>in Rapallo was crafted by Susanna Scarabicchi, founder of Tectoo. Additionally, the redevelopment of <a data-gid="gid://syiq/Company/3400" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Carlo Riva (Company)">Carlo Riva Port</a> is expected to generate over 200 new employment opportunities for both land-based and onboard personnel.<img src="https://photo-assets.superyachttimes.com/photo/309841/image/large-689bec714cada4660bac713ecc5c081e.jpg" data-gid="gid://syiq/Photo/309841">The redevelopment of the new <a data-gid="gid://syiq/Company/3400" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Carlo Riva (Company)">Carlo Riva Port</a> encompassed extensive enhancements, including the refurbishment of the outer breakwater, the reconstruction of docks, and the improvement of both sea and onshore facilities. The structural modifications were primarily aimed at fortifying the coastal settlement, resulting in an infrastructure designed to withstand and adapt to the impacts of climate change.<img src="https://photo-assets.superyachttimes.com/photo/309843/image/large-d4018518a155a33e0e60339883e64f9e.png" data-gid="gid://syiq/Photo/309843"><img src="https://photo-assets.superyachttimes.com/photo/309844/image/large-d7dda5cce9c0697bb959e6ad81184a12.jpeg" data-gid="gid://syiq/Photo/309844">This achievement was facilitated by the use of 1,600 twenty-ton tetrapods, 170,000 tonnes of boulders, a breakwater extending dozens of metres into the sea, and the construction of a 7-metre high sea wall above sea level. Additionally, <a data-gid="gid://syiq/Company/3400" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Carlo Riva (Company)">Carlo Riva</a> will be the first port in Liguria to utilise water from the Rapallo purification plant for up to 80 percent of its non-potable water requirements, catering to needs such as boat washing and the irrigation of green areas. The port will also enhance its offerings to visitors, and tourists with high-end retail and food &amp; beverage facilities, including the opening of two restaurants, bars, and commercial spaces.<img src="https://photo-assets.superyachttimes.com/photo/309834/image/large-1ba07cf9a9b1c45d96eb626d903a7b08.jpg" data-gid="gid://syiq/Photo/309834">Reflecting on this significant development, the President of the Region Giovanni Toti stated: "Today is a very beautiful day for Rapallo and for all of Liguria, the new <a data-gid="gid://syiq/Company/3400" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Carlo Riva (Company)">Carlo Riva Port</a>, completely renovated, is the result of significant work carried out after the damage from the terrible storm surge of October 2018. It is proof of how important it is to have courage in choices and a vision for the future. Some say the port is for rich gentlemen with their expensive toys, but it is these expensive toys that employ tens of thousands of people: here, 200 local people will find employment, ensuring the operation of this facility year-round, thanks to the services offered. Liguria is the leading nautical production district in Italy and it is in places like this, that the vessels built by our workforce are housed," he concluded.

Carlo Riva Port in Rapallo reopens following redevelopment

The newly opened Carlo Riva Port offers more than 250 berths spread across nine docks, accommodating boats and yachts ranging from 7.5 to60-metres.

Carlo Riva Port in Italy reopened following €70 million redevelopment

Yachts attending the Mediterranean Yacht Show 2024

We take a look at yachts attending this eighth edition of the world's largest crewed yacht charter show, which is returning to Greece this year. 

The largest yachts attending MEDYS 2024

<img src="https://photo-assets.superyachttimes.com/photo/309816/image/large-fe8828b5c5aa18ae005ef47d02b6e92e.jpeg" data-gid="gid://syiq/Photo/309816">Currently docked in Cannes, on the French Riviera, is the 62.4-metre superyacht <a data-gid="gid://syiq/Yacht/4985" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Madame Kate62.4m (204'9&quot;)Amels2015">Madame Kate</a>. Built by <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> in the Netherlands in 2015, her exterior design created by <a data-gid="gid://syiq/Company/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tim Heywood Design Ltd. (Company)">Tim Heywood</a> features a distinctive "pearl effect" paint that captures and reflects the light, giving her a shimmering appearance. <a data-gid="gid://syiq/Yacht/4985" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Madame Kate62.4m (204'9&quot;)Amels2015">Madame Kate</a>'s interior, designed by <a data-gid="gid://syiq/Company/88" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Laura Sessa (Company)">Laura Sessa</a>, using a blend of rich materials and a light palette, earned her the Interior Design Award at the <a data-gid="gid://syiq/Event/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2015">Monaco Yacht Show</a> during her launch year. With a volume of 1,140 GT, the motor yacht showcases notable amenities such as a beach club, gym, and expansive living areas. Powered by twin diesel <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> 3512C engines, <a data-gid="gid://syiq/Yacht/4985" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Madame Kate62.4m (204'9&quot;)Amels2015">Madame Kate</a> reaches a top speed of 16 knots and cruises comfortably at 15 knots with a range of 5,000 nautical miles.

62m Amels superyacht Madame Kate in Cannes

The 62m superyacht Madame Kate, built by Amels, is seen here docked in Cannes, France. 