Italy

Cantieri San Marco

New renderings have been unveiled of the 88-metre in-build superyacht <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a>, currently under construction at <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya Yachts</a>. The project, also known as DY012, is now progressing at the Turkish yard, where her hull and superstructure are complete, with delivery scheduled for 2028.<img src="https://photo-assets.superyachttimes.com/photo/371746/image/large-5439fb4cbf20738457e174a29874261f.jpg" data-gid="gid://syiq/Photo/371746">Built to <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyd’s Register</a> classification, <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a> features exterior design 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 Design</a>, while her interior was penned by <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2 Yacht Design</a>, with naval architecture by Netherlands-based <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a>.<img src="https://photo-assets.superyachttimes.com/photo/371744/image/large-94b0f669e7b11ffd08be59960e12bfc8.jpg" data-gid="gid://syiq/Photo/371744">Composed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a> features an extended swim platform has been added to enhance her beach club and access to the water. Known for his flowing and graceful lines, <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>’s exterior style takes inspiration from nature, engineering, architecture and transportation from contemporary and deco to ancient Egyptian. <img src="https://photo-assets.superyachttimes.com/photo/371742/image/large-3d30c9d2aadddc8247ea21f0066fb918.jpg" data-gid="gid://syiq/Photo/371742">His design for <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a> features a timeless superstructure which is balanced by open deck spaces that encourage outdoor living. As a result of this, the yacht’s aft decks are designed around entertainment and relaxation.&nbsp;The interiors of <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a> are by London-based <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2 Yacht Design</a>, led by Jonny Horsfield, who has created a coastal-inspired environment throughout <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a>, blending sandy tones, natural stone and organic textures.<img src="https://photo-assets.superyachttimes.com/photo/371741/image/large-5248f0cedbbb935b9ad11961ef16da19.jpg" data-gid="gid://syiq/Photo/371741">“Ocean inspired features are seen throughout, including the coffee table that has a base shaped like the ocean surface on a windy day,” explained <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya Yachts</a>. “Whether entertaining or relaxing, the main saloon provides the ultimate setting for every occasion”The main saloon combines formal and informal areas, including a dining space, lounge, and an aft bar set beneath a ceiling designed to resemble the ripples of the ocean. The internal staircase has also been conceived as a design feature in its own right, with a high level of detailing throughout.<img src="https://photo-assets.superyachttimes.com/photo/371743/image/large-f17db414c58c07e11640f4e9b519c3e0.jpg" data-gid="gid://syiq/Photo/371743">With an internal volume of 2,560 GT, <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a> can comfortably accommodate up to 14 guests plus four supernumeraries, with her owner’s suite located on the upper deck. The suite is designed as a private sanctuary with wraparound windows, his-and-hers bathrooms and direct access to a foredeck lounge.&nbsp;Four VIP staterooms and two additional guest staterooms complete the layout, with two VIPs on the main deck and the remaining two on the lower deck, alongside two doubles. As well as this, <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a> can also sleep a crew of 29.&nbsp;The main deck of <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a> features a large swimming pool surrounded by loungers and shaded seating, while her foredeck in front of the owner’s suite provides a more private outdoor retreat. True to <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a>'s DNA, Faith also features a mezzanine level within the interior, as seen onboard the 72-metre <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a>. <img src="https://photo-assets.superyachttimes.com/photo/371745/image/large-854f21de308115b0c48ad26b29694ade.jpg" data-gid="gid://syiq/Photo/371745">On the bridge deck, guests will find another sun lounge, while the sundeck offers a Jacuzzi and multiple flexible seating areas. <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a> is also equipped with a gym, which allows guests to maintain their health program when onboard.In terms of performance, <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a> will be powered by <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 16V 4000 M65 engines, which will propel her to a top speed of 18 knots, with a range of 5,000 nautical miles. When delivered, <a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01288.0m (288'9&quot;)Dunya Yachts2028">Project Faith</a> will be among the largest yachts launched by <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya Yachts</a> to date. In addition, this year Dunya joined the <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">Superyacht Builders Association (SYBAss)</a> and will be present in Monaco with both <a data-gid="gid://syiq/Yacht/3834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="King Benji46.7m (153'3&quot;)Dunya Yachts2024">King Benji</a> in the show and <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a>, which will be at anchor.

Project Faith: New renderings

New renderings have been unveiled of the 87.5-metre in-build superyacht Project Faith, currently under construction at Dunya Yachts. 

New renderings of 88m in-build Dunya yacht Project Faith unveiled

Update on Russian yachts seized

News is being shared of Russian yachts seized, here we have outlined the news behind those claims.

Stepping into the shoes of the CEO of one of the most famous Italian shipyards in the world is a task that not many could confidently undertake, though following his acquisition of Sanlorenzo over a decade ago, Massimo Perotti has done exactly that. Under his leadership, the company has not only been successfully guided through the turbulent times of the Financial Crisis, but has gone through a period of rapid - and quite phenomenal - growth that certainly doesn’t seem to be grinding to a halt anytime soon.

 

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/163028/image/large-751b5937dd4581abfb92deae47e920e8.jpg" data-gid="gid://syiq/Photo/163028">

 

 

Entering the yachting industry in the early 80s, Perotti was still a student when he met Mr. Vitelli, President of Azimut-Benetti. Immediately hitting it off, Vitelli was so impressed with Perotti that he took him on as his assistant whilst still in the process of finishing his last exams at university. Speaking with Perotti, it’s not hard to see why Vitelli would have grounds to be impressed - even at the beginning of his successful career. He’s a man with a true passion for the industry, working tirelessly around the clock with his head always in the game. In his own words, “I have been putting my heart and soul into this industry since day one.”

It wasn’t until May 2004, when Perotti was 44 years old, that he took this passion elsewhere, eager to be the Chief in Command of his own operation. And that’s where Sanlorenzo comes in. He describes this journey: “I had a lot of experience in one of the top managerial positions of one of the largest shipbuilding groups in the world, but I desired to become the entrepreneur myself. At the time, Sanlorenzo was listed for sale. Mr. Jannetti had no children to pass the company on to, and so asked me to work beside him for a year to be sure I deserved to take his baby. Most importantly, he needed to be reassured that I would develop the company following his philosophy, a philosophy that included no large scale production, made to measure products, and personal relationships with each customer always with quality and service at the top of his goals.”

 

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/163029/image/large-88806f2854be59380d62d4fa69823abf.jpg" data-gid="gid://syiq/Photo/163029">

 

Despite rumours of disagreements in the aforementioned Sanlorenzo philosophy between Jannetti and Perotti, Perotti insists that this is untrue, and though Sanlorenzo has indeed seen constant growth since he took over the company, an aggressive expansion plan was never the intention. Since the beginning he has respected the wishes of the company’s founder, as he tells us, “Today we still build 30 yachts per year, which are now, of course, larger because of the market demand. I always try to remember Janetti’s way of doing business, and that’s a key-point in the heart of Sanlorenzo's branding. I learnt from Jannetti the philosophy “tradition and innovation” and I improved the product by technical innovation and design, always without forgetting the tradition of the brand throughout the years.”

It’s clear that Perotti truly lives and breathes Sanlorenzo - an admirable quality that is perhaps reflective of the leaps and bounds the brand has taken over the years. This actually isn’t just a turn of phrase in the case of Perotti who, for the first eight years of leadership at Sanlorenzo, lived aboard a Sanlorenzo vessel near the shipyard facilities. Describing his dedication to learning his product inside out, he says, “I liked the idea of learning everything I could - both good and the bad - of my product. It is essential for the Chairman as well as technical people of a yachting company to know the characteristics of the yachts built by the shipyard and to understand how to improve it.”

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/163030/image/large-66240bd8c9102836b8364dc48ee893f0.jpg" data-gid="gid://syiq/Photo/163030">

“At the weekend I used to go back to Torino where I have my main residency,” he continues. “I owned a SD 92 named Coco a few years ago; now I move from one yacht to another depending on the tests/prototype needs. I keep boating to three months per year in the summer.”

We managed to catch Perotti amidst his summer yachting excursions recently, who gave us a frank insight into the world of Sanlorenzo.

Following a tough period you attracted new investors in the company in 2013, Sundiro. Part of the agreement is to build 10 to 20 metre boats. Is that still the case?

In 2013 we carried out a capital increase in order to support the company through the heavy crisis. The new partner today owns 22% of Sanlorenzo, which is an important minority stake in the company. With this partner we planned to build yachts below 20 metres in China together but from 2014 onwards the market has shifted and we have decided - in total agreement - to stop this project and await future developments of the market in the Far East.

You also have a lease of the San Marco shipyard in La Spezia. Is the market for 50+ metre yachts becoming more important for Sanlorenzo?

Cantieri San Marco has been the right investment at the right time. Our strategy is to split the company into two strong divisions, comprised of the Yacht Division contributing two thirds of the business, and the Superyacht Division, representing a third of the business.

The San Marco shipyard has the capability to build yachts above 100 metres, but we have no intention to enter the megayacht market. Sanlorenzo’s philosophy is to grow slowly, taking care of our customers. We have built eight units of 46 metres in steel (the 46Steel) in the last six years, four of whose owners are now asking the shipyard to build yachts exceeding 60 metres. As a result, we are now producing 58, 62, 64, and 66 metre yachts for these customers respectively, all to be delivered in 2019 and 2020.

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/163031/image/large-e00d4f8b4f3db0a96ac734d526233b73.jpg" data-gid="gid://syiq/Photo/163031">

You also have plans to rebuild the Ameglia shipyard. Is that ground-breaking plan going ahead?

Yes, we are going to double the size of Ameglia shipyard within 2018 and extend production capacity in both Divisions: in the Superyacht Division acquiring CSM shipyard in La Spezia in 2016, and in the Yacht Division, expanding its facilities with the new shipyard in Ameglia within 2018.

In 2014 you were appointed Chairman of UCINA, resigning just a year later stating that the Association lacked the proactive attitude and positive thinking required to put your initiatives into practice. How is your relationship with UCINA today?

My relationship with UCINA has always been very good. Today I am a Past President that is still very active inside UCINA. I strongly believe there was no need to start a new association (Nautica Italiana). I think it is more appropriate to openly discuss matters inside UCINA, improving the Italian nautical association as much as we can. I personally think it is an international embarrassment for the Italian Industry to split the nautical association into two.

My resignation from the role of President happened in order to avoid the risk of certain shipyards leaving UCINA, but my sacrifice was not enough. It seems that my Italian colleagues, the big companies with big business worldwide, find it hard to accept the democratic rules of an association which has to act in favour of all players.

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/163032/image/large-c36b93007a74bb66cdef04b979adeca4.jpg" data-gid="gid://syiq/Photo/163032">

Considering the massive growth of the company over the past decade, where do you envision Sanlorenzo in another decade?

My vision for Sanlorenzo for the next decades is further growth of 20 to 30% taking us to a turnover of €300 - 350 million; continuous improvement of the product with technology and design innovation to satisfy the new demand of the market; continuously improve our level of service; to come closer to the top quality Dutch and German top shipyards. We believe the top side of the market cares a lot about quality and service regardless of price, and that is precisely the side of the market we’d like to be.

This article was featured in issue X of The SuperYacht Times newspaper. Subscribe <a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription">now</a> and never miss another issue.

<a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription" target="_blank"><img alt="[no-lb]" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/163033/image/large-8c8b73cd75c3b538469b1358ef18cf26.jpg" data-gid="gid://syiq/Photo/161506"></a>

Insight: Meeting Massimo, Sanlorenzo’s CEO

According to local Italian newspapers, the future of the 73.48 metre Nato project at Cantieri San Marco shipyard in La Spezia, has come under scrutiny in recent weeks due to rumours surrounding the incomplete yacht possibly being sent to a different shipyard for completion.The yacht was commissioned in 2006 by Monaco Yachting &amp; Technologies. With a delay on delivery by several years, the hull is still yet to have the engines installed. A shipyard outside of Italy is ostensibly ready to complete the vessel.With the possibility of such a large project leaving the shipyard, the fate of the yard’s 60 employees is uncertain.If you have more information about project Nato, please contact us at <a href="mailto:news@superyachttimes.com?subject=Article%20on%20SuperYachtTimes.com">news@superyachttimes.com</a>.By Gemma Fottles

Future of 73.4 metre superyacht project Nato uncertain

The 75 metre superyacht M25, which was sold by Monaco Yachting &amp; Technologies and untill recently under construction at the Cantieri San Marco in La Spezia, has left the shipyard unfinished, and is currently located in Gibraltar. We do not have any details about the reasons for moving the hull, but we believe it is the plan to finish her in Holland. The steel and aluminium M25 is designed by Tim Heywood, and once completed, will feature an interior design by Studio Massari Interior Architecture and Design. The Cantieri San Marco shipyard is also building the hull and superstructure of a second large Tim Heywood designed superyacht, which was also sold by Monaco Yachting &amp; Technologies, the 73 metre project Nato, but we have no details on the progress of that project.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/141736/image/large-9cc28cb5e3e28af0df0e32992f9848a5.jpg" data-gid="gid://syiq/Photo/141736"><img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/141737/image/large-837d9de88bdbba29a3b62319b6e722a7.jpg" data-gid="gid://syiq/Photo/141737"><img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/141738/image/large-1a76f86312b36d7b6de794720212495d.jpg" data-gid="gid://syiq/Photo/141738"><img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/141739/image/large-35d70a4168e0664d154bfb5bec8445e4.jpg" data-gid="gid://syiq/Photo/141739"><img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/141740/image/large-95048828c194c6edd609a3e7f1a96dfe.jpg" data-gid="gid://syiq/Photo/141740"><img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/141741/image/large-67ccf4c000766314b0cade06996b19bb.jpg" data-gid="gid://syiq/Photo/141741">By Maarten Janssen, photos by Giovanni Romero

In Pictures: the 75 metre Tim Heywood designed superyacht M25 

The 75 metre superyacht M25, which was sold by Monaco Yachting &amp; Technologies and untill recently under construction at the Cantieri San Marco in La Spezia, has left the shipyard unfinished, and seems to be on her way to Northern Europe, or even the USA. The yacht was photographed by Merijn de Waard a few weeks ago outside the shipyard, and we have now received reports by SYT readers that the hull of the yacht is currently located in Gibraltar. We do not have any details about the reasons for moving the hull, but it does lead us to believe she will not be finished by the Italian shipyard. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/141249/image/large-3e68ed6a41fc1bac7ab50c1f6ac51da5.jpg" data-gid="gid://syiq/Photo/141249">The steel and aluminium M25 is designed by Tim Heywood, and once completed, will feature an interior design by Studio Massari Interior Architecture and Design.The Cantieri San Marco shipyard is also building the hull and superstructure of a second large Tim Heywood designed superyacht, which was also sold by Monaco Yachting &amp; Technologies, the 73 metre project Nato, but we have no details on the progress of that project.By Maarten Janssen, photo by Merijn de Waard