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Founded in 1997 by Begüm Doğulu, <a data-gid="gid://syiq/Company/2033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Begum Yachting (Company)">Begüm Yachting</a> has established itself as a prominent player in the luxury yacht industry, driven by a deep passion for yachting and an unwavering commitment to the highest standards. Originally based in Kuşadası, Turkey, the company has expanded its operations, setting up branches in key coastal cities including Istanbul, Didim, Bodrum, Marmaris, Göcek, and Antalya.<img src="https://photo-assets.superyachttimes.com/photo/308001/image/large-c92726b25ffbe9f11b49aabb07937b85.jpg" data-gid="gid://syiq/Photo/308001"><a data-gid="gid://syiq/Person/10910" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Begüm Dogulu , Turkey (Person)">Begüm Yachting</a> stands out as the largest superyacht and charter agent along the Turkish coast, offering a comprehensive range of services tailored to meet the diverse needs of its clientele. Specialising in superyacht agency services, the company has served over 1000 superyachts, including notable vessels such as the 90-metre <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> superyacht <a data-gid="gid://syiq/Yacht/5962" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DAR90.13m (295'8&quot;)Oceanco2018">Dar</a>, the <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> 90.1-metre superyacht <a data-gid="gid://syiq/Yacht/281" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ice90.1m (295'7&quot;)Lürssen Yachts2005">Ice</a>, the 73.51-metre <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> superyacht <a data-gid="gid://syiq/Yacht/1713" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mogambo73.51m (241'2&quot;)Nobiskrug2012">Mogambo</a>, the 99.15-metre <a data-gid="gid://syiq/Company/297" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Canadian Vickers (Company)">Canadian Vickers</a> superyacht <a data-gid="gid://syiq/Yacht/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christina O99.15m (325'4&quot;)Canadian Vickers1943">Christina O</a>, and the 96-metre <a data-gid="gid://syiq/Company/96" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Devonport (Company)">Devonport</a> superyachts <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a>.<img src="https://photo-assets.superyachttimes.com/photo/306467/image/large-36eadddac7c46961197da2aa964edf4e.jpg" data-gid="gid://syiq/Photo/306467">Moreover, <a data-gid="gid://syiq/Company/2033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Begum Yachting (Company)">Begüm Yachting</a> extends its expertise beyond superyacht agency services to include comprehensive yacht management for a fleet of 22 yachts. With a dedicated charter department, the company showcases a remarkable track record, organising approximately 40 charters each season, underscoring its expertise in the sector.<img src="https://photo-assets.superyachttimes.com/photo/308200/image/large-f37e86487352f5c1a5811c7cf1af2001.jpeg" data-gid="gid://syiq/Photo/308200">Responding to the increasing demand for Turkish shipyards to meet European standards <a data-gid="gid://syiq/Company/2033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Begum Yachting (Company)">Begüm Yachting</a> launched <a data-gid="gid://syiq/Company/1570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Barka Shipyard (Company)">Barka Shipyard</a> in 2005 on the Bodrum peninsula. The shipyard has successfully completed refits on 80 superyachts and constructed and delivered four new yachts, including two 36-metre schooners, a 40-metre steel motor yacht, and a 35-metre motor yacht. Specialising in super yacht refits ranging from 30 to 100-metres, <a data-gid="gid://syiq/Company/1570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Barka Shipyard (Company)">Barka Shipyard</a> ensures each project meets the highest levels of quality and craftsmanship in every project.<img src="https://photo-assets.superyachttimes.com/photo/308187/image/large-493d0506be25b83f1b21c365fdebf2d9.jpg" data-gid="gid://syiq/Photo/308187"><img src="https://photo-assets.superyachttimes.com/photo/308188/image/large-0b6f83de5e0051f9f87da461e5f09026.jpg" data-gid="gid://syiq/Photo/308188">Furthermore, <a data-gid="gid://syiq/Company/2033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Begum Yachting (Company)">Begüm Yachting</a> ensures its yacht construction and refit projects, meticulously adhere to the highest standards set by the global class organisations including CE, <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>, <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a>, <a data-gid="gid://syiq/Company/1453" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ABS (Company)">ABS</a>, MCA, and <a data-gid="gid://syiq/Company/1463" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bureau Veritas (Company)">Bureau Veritas</a>. This rigorous compliance ensures quality and customer satisfaction, affirming the company’s emphasis on maintaining quality yachting experiences.<img src="https://photo-assets.superyachttimes.com/photo/308189/image/large-3b0216076a9e97f3f988f2457870ae4a.jpg" data-gid="gid://syiq/Photo/308189"><img src="https://photo-assets.superyachttimes.com/photo/308176/image/large-ac92f60c112fce9fe293bb33a955b09b.jpg" data-gid="gid://syiq/Photo/308176">Looking ahead, <a data-gid="gid://syiq/Company/2033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Begum Yachting (Company)">Begüm Yachting</a> has a new 35-metre yacht under construction, scheduled for launch in the summer of 2025. Additionally, the company is the exclusive distributor of Mercedes-Benz yachts in Turkey, recently unveiling its new model, the Arrow 460 GT 001, at the Bosphorus Boat Show in February. The Arrow 460 GT 001 promises to redefine luxury yachting with its elegant design, cutting-edge technology, and comfort, offering discerning clients the ultimate yachting experience.<img src="https://photo-assets.superyachttimes.com/photo/308196/image/large-43d3196eee7953e8e9c5b379f450b83f.jpg" data-gid="gid://syiq/Photo/308196">

Begüm Yachting: Setting the standard for luxury yachting experiences along the Turkish coast

Founded in 1997 by Begüm Doğulu, Begüm Yachting has established itself as a prominent player in the luxury yacht industry.

Making Turquoise Yachts' 79m superyacht Toro

Team Toro breaks down the ins and outs of constructing the 79-metre Turquoise superyacht Project Toro. 

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Build Report: Crafting Turquoise Yachts' 79m superyacht Toro

The 71.71-metre <a data-gid="gid://syiq/Company/180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alstom (Aker Yards) (Company)">Alstom</a> superyacht <a data-gid="gid://syiq/Yacht/208" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kogo71.71m (235'3&quot;)Alstom (Aker Yards)2006">Kogo</a> sold in-house with Dominic Millman of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> representing the buyer and the seller. <img src="https://photo-assets.superyachttimes.com/photo/306704/image/large-6cef3ef550068acbaf83e125bb0d4af9.jpg" data-gid="gid://syiq/Photo/306704">Delivered by her France-based shipyard in 2006, the superyacht with a beam of 13.5-metres features an exterior designed 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>, and interiors from the drawing boards of <a data-gid="gid://syiq/Company/2" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Terence Disdale Design (Company)">Terence Disdale Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/306698/image/large-d3ec4461f78c86b8b6578e8ab342b360.jpg" data-gid="gid://syiq/Photo/306698">Across a volume of 1,892 GT, as many as 14 guests can be accommodated in <a data-gid="gid://syiq/Yacht/208" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kogo71.71m (235'3&quot;)Alstom (Aker Yards)2006">Kogo</a>’s generously appointed seven stateroom configuration, while separate accommodation is also available for up to 21 crew members, including her captain. <img src="https://photo-assets.superyachttimes.com/photo/306705/image/large-7b4626bc823b691001f4772a60723100.jpg" data-gid="gid://syiq/Photo/306705"><img src="https://photo-assets.superyachttimes.com/photo/306706/image/large-c5cfe3b5866e6a1e9942a471de18acb7.jpg" data-gid="gid://syiq/Photo/306706">Composed of an Ice-classed steel hull and aluminium superstructure constructed to meet <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyd</a>’s classification and MCA compliance, the yacht exhibits a decor that is inspired by a “clean, modern” aesthetic with a “Zen influence”, according to the studio <a data-gid="gid://syiq/Company/2" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Terence Disdale Design (Company)">Terence Disdale Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/306702/image/large-f2be79e8557b692c4ab74e258e622731.jpg" data-gid="gid://syiq/Photo/306702">Given her colossal size, <a data-gid="gid://syiq/Yacht/208" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kogo71.71m (235'3&quot;)Alstom (Aker Yards)2006">Kogo</a> boasts a plethora of standout amenities and luxuries, including both an indoor and outdoor cinema, a wellness suite, along with endless lounge and dining areas.<img src="https://photo-assets.superyachttimes.com/photo/306700/image/large-380819e7e5afa1b59fc1b002a12507de.jpg" data-gid="gid://syiq/Photo/306700"><img src="https://photo-assets.superyachttimes.com/photo/306707/image/large-ec144cce75508b7ee24d0db6e2306820.jpg" data-gid="gid://syiq/Photo/306707">Performance-wise, <a data-gid="gid://syiq/Yacht/208" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kogo71.71m (235'3&quot;)Alstom (Aker Yards)2006">Kogo</a> comes equipped with a diesel electric propulsion system. 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 propel her to a breezy cruising speed of 15 knots and a top speed of 17 knots, over the course of a lengthy 5,000 nautical mile range. <img src="https://photo-assets.superyachttimes.com/photo/306708/image/large-8eaf2b22f3a427152bf3a0cea187a408.jpg" data-gid="gid://syiq/Photo/306708">Furthermore, the addition of four Quantum zero-speed stabilisers ensures a smooth sailing experience for those onboard <a data-gid="gid://syiq/Yacht/208" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kogo71.71m (235'3&quot;)Alstom (Aker Yards)2006">Kogo</a>. <img src="https://photo-assets.superyachttimes.com/photo/306701/image/large-b0e99363a035f0ccf9312a6609990046.jpg" data-gid="gid://syiq/Photo/306701">At the time of her sale, <a data-gid="gid://syiq/Yacht/208" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kogo71.71m (235'3&quot;)Alstom (Aker Yards)2006">Kogo</a>’s last known asking price was $62,500,000.<img src="https://photo-assets.superyachttimes.com/photo/306703/image/large-a516a57b09278bf95bd66710d70ae2ea.jpg" data-gid="gid://syiq/Photo/306703">

72m Alstom yacht Kogo sold

The 71.71-metre Alstom superyacht Kogo sold with Dominic Millman of Burgess representing the buyer and the seller.

72m Alstom superyacht Kogo sold

Italy-based yacht builder <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto Yachts</a> has announced the introduction of a new hybrid propulsion system onboard its yachts from 2025.<img src="https://photo-assets.superyachttimes.com/photo/306434/image/large-66feeaf896f296cbf2b0cf4c06f6466e.jpg" data-gid="gid://syiq/Photo/306434"><a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> has partnered with <a data-gid="gid://syiq/Company/1981" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Siemens (Company)">Siemens Energy</a> and CGT to develop a new interposed hybrid propulsion system, which it plans to install on <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>'s hybrid yachts. The propulsion system marks the next step in the shipyard’s commitment to environmentally-friendly technologies.Following extensive research and development, <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> plans to install the hybrid propulsion system on T52 and DOM 133 yachts starting in 2025. The new system will also be available for vessels built with the Bzero hydrogen-based technology, with all components supervised, verified, and certified by the <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> of Shipping.Read:&nbsp;<a data-gid="gid://syiq/Article/57376" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Bzero: Working towards the future with hydrogen (2023-04-13 14:15:00 +0200)">Baglietto Bzero: Working towards the future with hydrogen</a><img src="https://photo-assets.superyachttimes.com/photo/227738/image/large-365a4234f5b92f1d429dd4205ad20714.jpg" data-gid="gid://syiq/Photo/227738">“The new system will implement a hybrid-parallel propulsion architecture ensuring maximum flexibility, compact installation and onboard comfort, as well as improved mechanical and electrical efficiency," commented <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>'s CEO Diego Michele Deprati.The new system consists of a <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> C32 ACERT diesel endothermic engine and an ultracompact hybrid unit, which integrates a low-consumption clutch and a 180kW high-efficiency electrical machine in an extremely limited space.The electrical machine serves a dual purpose, to operate as an electric propulsion motor, with utmost comfort and reduced noise, and as a shaft generator system to enhance efficiency and optimise consumption. <a data-gid="gid://syiq/Company/1981" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Siemens (Company)">Siemens Energy</a>'s BlueDrive Eco, an advanced propulsion control system, oversees the entire powertrain. <img src="https://photo-assets.superyachttimes.com/photo/214571/image/large-329cea9cd94a541b2184fbcd32260173.jpg" data-gid="gid://syiq/Photo/214571">Developed by <a data-gid="gid://syiq/Company/1981" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Siemens (Company)">Siemens Energy</a>, in cooperation with Stromag and Lucchi Motori, the highly innovative solution combines these companies to offer market-leading solutions and promote sustainability and energy efficiency.The system allows yachts to cruise in diesel mode, diesel shaft generation mode without the gensets, diesel electric mode with the gensets only, and full electric mode. In the traditional diesel and diesel shaft generation modes, her <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines are compatible with the use of diesel fuels obtained from 100% renewable energy sources, such as HVO and e-diesel.The latter, coming from highly renewable energy sources, ensures a reduction of up to 90 percent of the CO2 emissions calculated over the entire life cycle of the product, from process start to its final use.<img src="https://photo-assets.superyachttimes.com/photo/306435/image/large-aaf204f0d71e20bc5ac7c4371648a406.jpg" data-gid="gid://syiq/Photo/306435">While in diesel electric mode, the combination of her conventional gensets and variable-speed diesel gensets allows her to cruise at speeds of up to nine knots, using biofuels. In full electric mode, the latest-generation Li-ion battery packs with prismatic cells allow the yacht an unprecedented range values in zero emissions mode in complete silence, with longer periods at anchor.“Once more, <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> shows its determination to explore new, innovative paths in the implementation of alternative energy sources. And, in doing so, it moves one step closer to the goals already set with the Bzero system, aimed at reaching truly sustainable yachting,” concluded Diego Michele Deprati.&nbsp;

Baglietto to introduce hybrid propulsion system from 2025

Baglietto has announced the introduction of a new hybrid propulsion system on its yachts from 2025.

Baglietto to introduce new hybrid propulsion system on yachts from 2025

<img src="https://photo-assets.superyachttimes.com/photo/306081/image/large-0ecf28c085dbc9056c7a261b96add5bd.jpeg" data-gid="gid://syiq/Photo/306081">Spotted earlier this month docked in the port of Gibraltar is the impressive 127-metre sailing yacht <a data-gid="gid://syiq/Yacht/7500" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Koru127.0m (416'8&quot;)Oceanco2023">Koru</a>. Launched in April 2023 by the Dutch shipyard <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, the highly anticipated project, initiated in 2021, is owned by Amazon founder Jeff Bezos. Her design is influenced by the <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> sailing yacht <a data-gid="gid://syiq/Yacht/669" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="EOS92.92m (304'10&quot;)Lürssen Yachts2006">EOS</a>, featuring a midnight-blue hull and classic elements including a traditional canoe stern and elongated bowsprit. Her interior, handled by <a data-gid="gid://syiq/Company/6781" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mlinaric, Henry & Zervudachi (Company)">Mlinaric, Henry &amp; Zervudachi</a>, is crafted to provide a high standard of living space, with an internal volume of 3,493 GT. <a data-gid="gid://syiq/Yacht/7500" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Koru127.0m (416'8&quot;)Oceanco2023">Koru</a> also features an <a data-gid="gid://syiq/Article/59652" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Video: The history of yacht figureheads (2024-02-22 15:00:00 +0100)">impressive carved wooden figurehead</a>, based on one of Jeff Bezos’ favourite mythological figures, Freyja.An interesting aspect of <a data-gid="gid://syiq/Yacht/7500" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Koru127.0m (416'8&quot;)Oceanco2023">Koru</a> is her experimental kinetic energy recovery system, which aims to convert the energy from wave motion into electrical energy. Accommodating up to 18 guests, <a data-gid="gid://syiq/Yacht/7500" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Koru127.0m (416'8&quot;)Oceanco2023">Koru</a> is assisted by the 75-metre support vessel <a data-gid="gid://syiq/Yacht/8946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeona75.25m (246'11&quot;)Damen Yachting2023">Abeona</a>, built by <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>, enhancing her capabilities with extra amenities like a submarine and helicopter, and additional crew space. Constructed to meet <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> standards, <a data-gid="gid://syiq/Yacht/7500" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Koru127.0m (416'8&quot;)Oceanco2023">Koru</a> is currently undergoing maintenance works in <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a>.&nbsp;

Jeff Bezos' superyacht Koru in Gibraltar 

The 127m superyacht Koru, built by Oceanco in 2023 and owned by Jeff Bezos, is seen here docked in Gibraltar. 

On Monday, <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> launched the 49.9-metre superyacht <a data-gid="gid://syiq/Yacht/11169" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bel149.9m (163'9&quot;)Rossinavi2024">Bel1</a> in Pisa, she is scheduled for delivery in 2024.<img src="https://photo-assets.superyachttimes.com/photo/306191/image/large-bda13dca99c83c0663816794a554f95a.jpg" data-gid="gid://syiq/Photo/306191"><a data-gid="gid://syiq/Yacht/11169" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bel149.9m (163'9&quot;)Rossinavi2024">Bel1</a> features exterior design by <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 Yacht Design</a> and interior design by <a data-gid="gid://syiq/Company/1197" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Team for Design - Enrico Gobbi (Company)">Enrico Gobbi - Team For Design</a>. Moreover, she is the latest <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> superyacht with shaft lines and diesel propulsion.Fulvio De Simoni, Founder of <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 Yacht Design</a> commented: "We are very satisfied and proud of this project, which, due to its originality and architectural complexity, has been quite challenging. However, at the same time, it has allowed us to express our creativity in inventing new forms without compromising functionality and the enjoyment of life on board the ship.” <img src="https://photo-assets.superyachttimes.com/photo/306189/image/large-c4e96c207c239467c342fe4e933544f8.jpg" data-gid="gid://syiq/Photo/306189">The expansion of<a data-gid="gid://syiq/Yacht/11169" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bel149.9m (163'9&quot;)Rossinavi2024">&nbsp;Bel1</a>'s superstructure has resulted in the creation of a spacious sun deck, spanning over 145 square-metres. &nbsp;This deck is thoughtfully segmented into various functional zones: the aft section is dedicated to sunbathing; a shaded central area features comfortable sofas and a bar; and the forward section is centred around a mini-pool, offering diverse leisure options.<a data-gid="gid://syiq/Yacht/11169" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bel149.9m (163'9&quot;)Rossinavi2024">Bel1</a>'s upper deck features an aft area complete with a veranda, designed for year-round enjoyment of the dining space. The beach club is designed as an enclosed area, while the inclusion of a mezzanine deck introduces a double-tiered layout to enhance the intimacy of the spaces.<img src="https://photo-assets.superyachttimes.com/photo/306190/image/large-4ebf752ac90f293eb8931e1fd6005ce3.jpg" data-gid="gid://syiq/Photo/306190">Additionally, the main deck cockpit includes a dining area that can be protected by sliding glass panels so it can be used even in less favourable weather conditions.Chief Operating Officer of <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>, Federico Rossi explained: “The goal was to combine stylistic coherence with extra dimensions. For example, on the 145 square-meter flybridge.”<img src="https://photo-assets.superyachttimes.com/photo/306192/image/large-baed804130a3b651bc2c4c605e6dc06f.jpg" data-gid="gid://syiq/Photo/306192"><a data-gid="gid://syiq/Yacht/11169" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bel149.9m (163'9&quot;)Rossinavi2024">Bel1</a> has an aluminium hull and superstructure. Performance-wise, she 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 and she will fly the Maltese flag as well, as being registered with <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>. Read:&nbsp;<a data-gid="gid://syiq/Article/59996" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SYT iQ Insight: What are the most popular flag states? (2024-03-20 14:00:00 +0100)">SYT iQ Insight: What are the most popular flag states?</a>

Rossinavi launches 50m superyacht Bel1

Rossinavi has launched a new 50m superyacht, Bel1.

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Selecting the appropriate flag for a superyacht ranks among the most crucial decisions owners face, given its substantial influence on the vessel's operational, legal, and fiscal aspects. The flag state has the authority and responsibility to enforce regulations over vessels registered under its flag, including inspection, certification, and the issuance of safety and environmental compliance documents.<img src="https://photo-assets.superyachttimes.com/photo/205758/image/large-6d2d6681818873190c90023ccf965b6f.jpg" data-gid="gid://syiq/Photo/205758">A flag state is defined as the country or governmental authority under whose regulations a vessel is registered or licensed. While this may be the vessel owner's country of residence, it is more frequently, in the context of superyachting, an international ship registry located in a jurisdiction whose legal frameworks are specifically designed to accommodate the intricacies of yacht ownership and charter operations.Origins and evolution of the regulatory framework:Understanding the origins and evolution of the regulatory framework for yachts is crucial for comprehending the complexities of Flag Administrations. Prior to 1996, legislation by flag states lacked specific requirements tailored for yachts. Engel-Jan de Boer, the Yacht Segment Director at <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> pointed out: “Until 1996, the industry adhered to the Yachts and Small Crafts Rules. That year, we introduced the Special Service Craft Rules, incorporating the first explicit requirements for fire safety and stability.”' <img src="https://photo-assets.superyachttimes.com/photo/305751/image/large-09f0adf6f6e2cde958d15a30de316ff9.jpg" data-gid="gid://syiq/Photo/305751">Following these initial steps engendered more detailed regulation, the Maritime and Coastguard Agency (MCA) responsible for implementing British and international maritime law and safety policy in conjunction with the Red Ensign Group developed the Code of Practice for the Safety of Large Commercial Sailing and Motor Vessels, known as 'LY1', in 1997. This code, established for the Red Ensign Group, emerged as a foundational regulatory standard for yachts, marking a significant advancement in yacht safety and compliance.LY1 established unique and internationally recognised safety standards for the construction, operation, and crewing of large yachts, applicable to commercially used vessels for sport or pleasure measuring 24 metres in load line length or more. This code has undergone significant evolution, leading to the Large Commercial Yacht Code (LY2) in 2004, and subsequently LY3 in 2013. The most recent iteration, the Red Ensign Group Yacht Code, came into effect on 1 January 2019, marking the latest advancement in regulatory standards for yachts. On the 1st of July 2024 a further revision will enter into force, incorporating the latest SOLAS amendments (where appropriate for yachts), provisions for alternative fuels, design requirements for new trends (i.e. glazed openings below the waterline, recreational dive facilities etc.).The Red Ensign Group comprises of British Shipping Registers, including the United Kingdom, the Crown Dependencies (Isle of Man, Guernsey, and Jersey), and the UK Overseas Territories (Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Falkland Islands, Gibraltar, Montserrat, St Helena, and the Turks &amp; Caicos Islands). Each member operates its own shipping register within its jurisdiction.The Red Ensign Group's shipping registers are divided into two primary categories to accommodate a diverse range of vessel types and sizes. Category 1 Registers have the capability to register ships of unlimited tonnage and type, including those jurisdictions such as Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, the Isle of Man, and the United Kingdom, showcasing their capacity to handle a vast spectrum of maritime assets. On the other hand, Category 2 Registers are designated for the registration of commercial ships and pleasure vessels up to 150 gross tons (GT), with the possibility of extending this limit to 400GT through specific agreements with the UK. This category includes Anguilla, the Falkland Islands, Guernsey, Jersey, Montserrat, St Helena, and the Turks &amp; Caicos Islands.<img src="https://photo-assets.superyachttimes.com/photo/305763/image/large-5f3003265f7e22d261e8a52ad0b04d63.jpg" data-gid="gid://syiq/Photo/305763">Commenting on the evolution and the Red Ensign Group's significant influence on Flag State regulation, Phil Noad the Regional Director, Europe &amp; Africa of the Cayman Islands Shipping Registry stated: ”Over the years, with industry engagement, the yacht code evolved with changes in design trends and technology, and to incorporate the Maritime Labour Convention which covered crew accommodation standards. Since the yacht code was a collaborative effort, from all REG members who had an interest in yachting, it was rebranded in 2019 and is now referred to as the REG Yacht Code and covers both large yachts (max 12 pax.) and passenger yachts (max 36 pax.)”.Other flags entering the yachting sector have either adopted the REG Yacht Code or created their own versions, which they have submitted to the IMO for dissemination to member states.According to Engel-Jan de Boer, “this initiative not only showcased the group's pre-existing capabilities in shaping yachting regulation but also marked a pivotal moment of consolidation. Before 1997, yacht regulations were a disparate amalgamation drawn from various international conventions. The introduction of a unified code by the Red Ensign Group centralised these standards, establishing them as pioneers in the yacht industry”. SYT iQ&nbsp;data:According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SYT iQ</a>, in the segment of yachts that measure over 30-metres in length and are presently active, the Cayman Islands stands as the most utilised flag state. Malta holds the position of the second most utilised registry with 714 vessels of this size. The United States follows with 572 registrations, while the United Kingdom and the Republic of the Marshall Islands (hereinafter, “Marshall Islands”) have registered 404 and 340 yachts, respectively. The chart below provides a detailed visualisation of the leading ten nations in yacht flag registration.<img src="https://photo-assets.superyachttimes.com/photo/305737/image/large-e519d4b1f8a31ecadc8a665410149dfe.png" data-gid="gid://syiq/Photo/305737">Moreover, an analysis of flag state market shares for yachts exceeding 30-metres over the past five years reveals relative stability in the rankings. The Cayman Islands maintain their leading position, despite a slight decrease from 25% in 2019 to 22% in 2024. Whilst Malta's share has experienced a 3% uptick during the same period. These shifts are depicted in the pie chart below.<img src="https://photo-assets.superyachttimes.com/photo/305739/image/large-7afd0bd935e23d164a3fee6744e05398.png" data-gid="gid://syiq/Photo/305739">Commenting on the strong performance of the Cayman Islands, Phil Noad states: “The Cayman Registry excels in supervising yachts under construction and in the survey and certification of yachts in service. This requires a significant investment in specialist surveyor resources, strategically located to provide expertise and experience. Such expertise is crucial, especially when developing novel arrangements to meet the designer's or owner’s specifications”.<img src="https://photo-assets.superyachttimes.com/photo/115705/image/large-aad7a995391f631922360393890fae38.jpg" data-gid="gid://syiq/Photo/115705">Phil Noad further expanded stating: “We are currently working with approximately 70 yacht builders, supervising about 250 yachts under construction. For yachts in service, our clients value an efficient, accessible, and supportive approach from the Flag in all aspects, including registration, survey, and seafarer welfare matters.”An analysis conducted through <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SYT iQ</a>, evaluating flag performance among flag states with more than 50 yachts registered, based on their average Gross Tonnage (GT), reveals a significant shift in rankings.<img src="https://photo-assets.superyachttimes.com/photo/305738/image/large-0dc8919a011c3ab6e3dd53f6a4f20440.jpeg" data-gid="gid://syiq/Photo/305738">The Cayman Islands remain at the top, followed by the Isle of Man, with the UAE in third place. It's important to note, however, that the UAE has only 78 yachts registered. The Marshall Islands climb to the fourth spot. Furthermore, Malta is further down the list, indicating that, although there are many yachts registered under the Maltese flag, they tend to be on the lower end in terms of GT.Additionally, an important flag administration absent from the graph is the United States, primarily due to regulations that limit US flag registration to vessels up to 300 GT. This restriction significantly narrows the scope of yachts eligible for US flagging. While exemptions have been granted for a select few larger vessels, often for prominent owners desiring the American flag, such exceptions are rare. One of the most notable examples is the 96.25-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/282" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Limitless96.25m (315'9&quot;)Lürssen Yachts1997">Limitless</a>.<img src="https://photo-assets.superyachttimes.com/photo/204350/image/large-40a5af9ab9b7f4b26887a02c5124ec2e.jpg" data-gid="gid://syiq/Photo/204350"> Why are some flags selected over others?:The choice among jurisdictions such as the Marshall Islands, Malta, or the Cayman Islands is significantly impacted by differences in operating taxes, a key consideration for many yacht owners. Additionally, the decision on how to operate the yacht, whether privately or commercially, and within Europe or beyond, further influences the selection of a flag state.Financial incentives within the EU often lead owners to favour Malta, whereas outside the EU, the Marshall Islands and the Cayman Islands are popular. In providing an overview of flag registration trends, Phil Noad notes that the landscape has remained stable over the past five years, with Cayman, Marshall Islands, and Malta solidifying their positions as the main players. <img src="https://photo-assets.superyachttimes.com/photo/257092/image/large-94bf5fb6104389ef395df61666102b1a.jpg" data-gid="gid://syiq/Photo/257092">Ivan Tabone, Chief Officer at Malta's Merchant Shipping Directorate, underscores Malta's holistic approach to maritime regulation, emphasising the balance between compliance with European Union standards and offering financial incentives in line with EU law. Tabone highlights the registry's commitment to accessibility and responsiveness, stating, "Alongside financial benefits, our open communication and accessibility are crucial. Clients have direct access to the registry with limited bureaucratic hurdles, and our services are available 24/7." He further elaborates, " we operate under the ministry of transport and are a governmental entity, our approach is akin to a boutique registry, focused on listening to and continuously engaging with our clients."Malta has historically offered a favourable VAT scheme. Although the EU has revised the reduced VAT scheme in recent years, Malta continues to provide a VAT lease scheme that allows for a reduced rate. This feature remains particularly attractive for EU citizens, making Malta the most appealing option for those looking to benefit from such financial advantages.Jo Assael, Yachts Commercial Director at <a data-gid="gid://syiq/Company/7590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Registries, Inc. (Marshall Islands Registry) (Company)">International Registries (U.K.) Limited</a>, which provides administrative and technical support to the <a data-gid="gid://syiq/Company/7590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Registries, Inc. (Marshall Islands Registry) (Company)">Marshall Islands Registry</a>, emphasises the importance of flag state engagement with yacht owners to understand their needs, including fiscal matters. This sets the Marshall Islands apart from other flag states that may distance themselves from such concerns. He notes: “The decision to register in a specific jurisdiction is often influenced by the owning company or owner’s tax residency and can influence whether a yacht needs to register privately or commercially. Ignoring an owner's fiscal situation is therefore not prudent; we actively collaborate with our clients to find the best combinations of registration and operational solutions to meet their needs.”&nbsp;Assael highlights the <a data-gid="gid://syiq/Company/7590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Registries, Inc. (Marshall Islands Registry) (Company)">Marshall Islands Registry</a>’s flexibility in supporting owners through complex decisions. This is exemplified by the development of innovative solutions for owners over the years including the 'Yacht Engaged in Trade' (YET) program. Introduced by the Marshall Islands in 2015, the program was developed to meet owners’ requests to allow privately registered vessels to conduct limited charters, whilst remaining in compliance with national and international regulations.The relationship between flag states and class societies:The relationship between flag states and class societies is both intricate and interdependent. As Phil Noad and Engel-Jan de Boer point out, class societies, (also referred to as Recognised Organisations (ROs) when performing statutory work on behalf of the flag state), are tasked with the technical vetting of vessels, focusing on structural, mechanical, and electrical integrity. They delve into what Engel-Jan de Boer refers to as 'hardcore technical' aspects of maritime safety, such as hull strength, machinery operation, and anchorage systems, ensuring a vessel's robustness and operational capabilities.<img src="https://photo-assets.superyachttimes.com/photo/305754/image/large-c1de6c556ca7d0a077c2eebe42536674.jpg" data-gid="gid://syiq/Photo/305754">Whilst Flag administrations, enforce compliance with statutory regulations mandated by the International Maritime Organisation (IMO). These cover an array of safety and environmental standards, including fire safety, lifesaving equipment, pollution prevention, and crew welfare. The administrations may delegate certain survey and certification responsibilities to ROs but maintain ultimate accountability for the vessel's adherence to international conventions and codes.Engel-Jan de Boer highlights the symbiotic nature of this relationship, where statutory and class certifications are mutually dependent. A yacht above 24-metres must satisfy class society technical evaluations to qualify for statutory certifications, and vice versa. This dual compliance upholds stringent standards of safety and seaworthiness, ensuring that vessels are not only structurally and mechanically sound but also properly manned and equipped for safe operation. This collaborative framework between flag states and class societies is vital for maintaining a vessel's legitimacy for navigation in the international maritime arena.Furthermore, Engel-Jan de Boer clarifies the nature of <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>'s agreements with flag states: “We have contracts with all major flag states, encompassing both the yachting and commercial sectors. Currently, we hold approximately 140 contracts with various flag states, detailing our authorised activities and limitations. Contrary to a common misconception, we do not receive payment from flag states. Instead, our agreements authorise us to conduct certain tasks on their behalf. Consequently, the fees for our services are billed directly to the vessel's owner or the shipyard, not the flag state”.Evaluating flag state performance:A primary indicator of a flag state's quality is its performance in key Port State Control (PSC) Memoranda of Understanding (MoU) regions. The International Chamber of Shipping publishes an annual Flag State Performance Table, which evaluates PSC performance across the Paris MoU, Tokyo MoU, and the United States Coast Guard (USCG) Qualship 21 program.It's crucial to understand that when a yacht enters a new jurisdiction, the PSC history of the yacht, as well as that of other vessels registered under the same flag is taken into account to determine the onboard safety standards expected. Thus, yachts registered under a flag known for high performance ratings may undergo fewer inspections, benefiting the owner.Additionally, the <a href="https://www.ics-shipping.org/resource/shipping-industry-flag-state-performance-table-2023-2024/" rel="noopener noreferrer" target="_blank" title="">Flag State Performance Table</a> examines if a flag state has ratified major international maritime treaties, employs only high-performing Recognised Organisations (ROs), meets its reporting obligations to the International Maritime Organisation (IMO) and the International Labour Organisation (ILO), participates actively in IMO meetings, and has been audited by the IMO.<img src="https://photo-assets.superyachttimes.com/photo/280196/image/large-16021de48362c7466300cd38a66ea1de.jpg" data-gid="gid://syiq/Photo/280196">The Marshall Islands has now achieved the United States Coast Guard’s QUALSHIP 21 status for the 20th consecutive year. Bill Gallagher, President of International Registries, Inc. commented: "We take our commitment to high-quality and safe vessel operation seriously. It is the focus of everything that we do. We work closely with our owners, operators, and teams around the world to facilitate high levels of compliance, and actively engage in supporting our clients’ compliance efforts.”

SYT iQ Insight: What are the most popular flag states?

Selecting the appropriate flag for a superyacht ranks among the most crucial decisions owners face.


The 54-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> superyacht <a data-gid="gid://syiq/Yacht/528" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Starfire54.0m (177'2&quot;)Benetti SpA1997">Starfire</a> has entered the market with Michael Rafferty and Richard Gray of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> and Carl Sputh of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>. The <a href="https://www.superyachttimes.com/yachts/starfire/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Starfire, for sale</a>, epitomises sophistication and performance providing a comfortable and efficient for guests onboard.<img src="https://photo-assets.superyachttimes.com/photo/304000/image/large-466c513b8e9bc0c8b86f11da04af412e.png" data-gid="gid://syiq/Photo/304000">Delivered in 1997, <a data-gid="gid://syiq/Yacht/528" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Starfire54.0m (177'2&quot;)Benetti SpA1997">Starfire</a> was originally owned by one of the <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> investors, who was actively involved during the shipyard's construction phase. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> boasts a timeless exterior design crafted by <a data-gid="gid://syiq/Company/245" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Natucci (Company)">Stefano Natucci</a>, alongside naval architecture by her Italy-based builder <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>.<img src="https://photo-assets.superyachttimes.com/photo/303995/image/large-c8728e6f21937c78d8a1f56638189091.png" data-gid="gid://syiq/Photo/303995"><img src="https://photo-assets.superyachttimes.com/photo/303994/image/large-dcd4f418b02c97f25177c8b5c9609b54.png" data-gid="gid://syiq/Photo/303994">Guests onboard <a data-gid="gid://syiq/Yacht/528" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Starfire54.0m (177'2&quot;)Benetti SpA1997">Starfire</a> are greeted by sumptuous interiors designed by the esteemed studio, <a data-gid="gid://syiq/Company/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuretti Interior Design (Company)">Zuretti Interior Design</a>. She underwent a comprehensive refit from February to April 2023, alongside completion of her <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyds</a> special surveys.<img src="https://photo-assets.superyachttimes.com/photo/303997/image/large-d2ee816a827c18ab00a3625311773a06.png" data-gid="gid://syiq/Photo/303997">Every detail of <a data-gid="gid://syiq/Yacht/528" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Starfire54.0m (177'2&quot;)Benetti SpA1997">Starfire</a> exudes opulence, from lavish furnishings to exquisite finishes, to create a sophisticated and elegant atmosphere. The main deck of <a data-gid="gid://syiq/Yacht/528" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Starfire54.0m (177'2&quot;)Benetti SpA1997">Starfire</a> features a spacious saloon adorned with plush seating areas, perfect for socialising.<img src="https://photo-assets.superyachttimes.com/photo/302410/image/large-395447c91cf23251dd917cbab6acc4dc.png" data-gid="gid://syiq/Photo/302410" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/302411/image/large-540d1ff823893921c181e15f2e3b2054.png" data-gid="gid://syiq/Photo/302411">The owner of <a data-gid="gid://syiq/Yacht/528" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Starfire54.0m (177'2&quot;)Benetti SpA1997">Starfire</a> spared no expense in her creation, focusing on artful deco interiors, enduring exteriors, and a meticulously designed engine room for easy access to equipment. The <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> can comfortably accommodate 14 guests in six staterooms, with space for 14 crew members in seven cabins.<img src="https://photo-assets.superyachttimes.com/photo/303993/image/large-d57c4d4333a0c1fdf660a1c1cd2de8d1.png" data-gid="gid://syiq/Photo/303993"><img src="https://photo-assets.superyachttimes.com/photo/303999/image/large-3221ae4197edf9432d92dc315aaafa2b.png" data-gid="gid://syiq/Photo/303999"><a data-gid="gid://syiq/Yacht/528" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Starfire54.0m (177'2&quot;)Benetti SpA1997">Starfire</a> boasts timeless elegance, with endless entertainment options for guests of all ages. The expansive sundeck onboard the <a href="https://www.superyachttimes.com/yachts/benetti/for-sale" rel="noopener noreferrer" target="_blank" title="">Benetti yacht for sale</a> includes sun loungers and an alfresco dining area, offering the perfect setting for daytime relaxation or evening gatherings under the stars.<img src="https://photo-assets.superyachttimes.com/photo/302421/image/large-30b316e1008a325e1d559d0cf376e49e.png" data-gid="gid://syiq/Photo/302421"><img src="https://photo-assets.superyachttimes.com/photo/303991/image/large-76a72e7ba59a553656a3f4fb687d09c3.png" data-gid="gid://syiq/Photo/303991">Powered by twin <a data-gid="gid://syiq/Company/1448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Deutz AG (Company)">Deutz AG</a> engines, <a data-gid="gid://syiq/Yacht/528" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Starfire54.0m (177'2&quot;)Benetti SpA1997">Starfire</a> delivers a top speed of 15 knots and a cruising range of 6,600 nautical miles at 12 knots, making her ideal for extended voyages. <img src="https://photo-assets.superyachttimes.com/photo/303992/image/large-b927cd87f900c6b4d644e4a36eefc763.png" data-gid="gid://syiq/Photo/303992">

54m Benetti superyacht Starfire for sale

The 54m Benetti superyacht Starfire has entered the market with Michael Rafferty and Richard Gray of IYC and Carl Sputh of Northrop & Johnson.

54m Benetti superyacht Starfire enters the market

<img src="https://photo-assets.superyachttimes.com/photo/302239/image/large-374c0ef72442b2ecdca3a189e90e5a54.jpg" data-gid="gid://syiq/Photo/302239">Spotted last week docked at Port Hercule, in Monaco, is the 90.13-metre superyacht <a data-gid="gid://syiq/Yacht/5962" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DAR90.13m (295'8&quot;)Oceanco2018">DAR</a>. Launched by <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> in 2018 and having completed maintenance works in Genova last December, the motor yacht presents an innovative design with a shark-inspired exterior by <a data-gid="gid://syiq/Company/283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luiz de Basto Designs (Company)">Luiz De Basto</a>, perfectly complementing the luxurious interior by <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a>. Named <a data-gid="gid://syiq/Yacht/5962" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DAR90.13m (295'8&quot;)Oceanco2018">DAR</a>, which means 'house' in Arabic, the motor yacht has won several awards and is one of the first yachts in the Netherlands to be granted the <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> Integrated Bridge System (IBS) notation for her advanced navigational systems. The 2926 GT superyacht features high-end amenities including a spa, a gym, a Jacuzzi on the sun deck, a movie theatre and an outdoor bar, making her ideal for social gatherings. Equipped with two <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 20V 4000 M73L diesel engines, <a data-gid="gid://syiq/Yacht/5962" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DAR90.13m (295'8&quot;)Oceanco2018">DAR</a> enjoys a cruising speed of 13 knots and can achieve a maximum speed of 20 knots.

Oceanco superyacht DAR in Monaco

The 90m superyacht DAR, built by Oceanco, is seen here docked in Monaco. 

World's largest explorer yachts

SYT brings you a selection of the largest explorer yachts both in build and part of the world fleet today.

Video: The world's largest explorer yachts

Netherlands-based yacht builder <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> has announced the keel laying for the 57-metre superyacht Project Setteesettanta. The ceremony of the 920 GT full custom yacht, also known as YN 20857, took place on 14 December, in the presence of the <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyds Register</a> surveyor at the <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> shipyard in Oss.<img src="https://photo-assets.superyachttimes.com/photo/297024/image/large-b87f3e08d5ab361c6aebba51de25839f.jpg" data-gid="gid://syiq/Photo/297024">The owners of Project Setteesettanta are experienced yacht connoisseurs and celebrated this milestone in the construction by welding the traditional “good luck coin” to section two of their new yacht.Project Setteesettanta features exterior design penned by <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a>, while her naval architecture derived from the drawing boards of <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>. Her interior design is the work of <a data-gid="gid://syiq/Company/205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cristiano Gatto Design (Company)">Cristiano Gatto Design</a>, who will also represent the owners as their advisor during the build, with Hugo Morgan-Harris in charge of the technical side.<img src="https://photo-assets.superyachttimes.com/photo/297026/image/large-9b57b6e97bfeec6b923a1a62c0e7f0ec.jpg" data-gid="gid://syiq/Photo/297026">"I have been working with <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> for many years, and between us we have over twelve projects under our belt. Over time, we have developed a relationship of mutual trust and respect through working on both full custom and series projects," added <a data-gid="gid://syiq/Company/205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cristiano Gatto Design (Company)">Cristiano Gatto</a>.&nbsp;The dining area on the main deck is located towards the stern, adjacent to the aft terrace. Thanks to wide sliding doors, this space seamlessly connects with her exterior. New design traits found in some of the most recent Heesen designs include a near-vertical bow and the open transom, complete with a regal double staircase around a four-metre infinity pool.<img src="https://photo-assets.superyachttimes.com/photo/297025/image/large-2dd8ae0b80455a2acc2ce8af7dbb9a8c.jpg" data-gid="gid://syiq/Photo/297025">"Thanks to its ultra-detailed design and engineering approach, Setteesettanta will be a one-of-a-kind yacht on the water. Our mission remains steadfast in meeting the client's aspirations, harmonising beauty and utility in artifacts that act as magnifying glasses on cultural progressions, always championing the ethos of humans first," commented <a data-gid="gid://syiq/Company/205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cristiano Gatto Design (Company)">Cristiano Gatto</a>.&nbsp;The motor yacht displays a generous interior volume, showcasing a six stateroom layout, she can accommodate up to 12 guests across six staterooms, in addition to a crew of 13. She boasts a spacious owners deck, with a large master stateroom with 180-degree views and a private forward terrace of nearly 200 square metres that can serve as a touch-and-go helipad.There is a VIP stateroom forward on the starboard side of the main deck, adjacent to a fully equipped gym. Four large guest staterooms, two twins and two doubles can be found on the lower deck, while an elegant oval staircase ascends through all four decks.Read: Construction update: 57m Heesen superyacht Setteesettanta hull design tested<img src="https://photo-assets.superyachttimes.com/photo/297027/image/large-bf37be4707644b9e9d605503f271c00c.jpg" data-gid="gid://syiq/Photo/297027">Project Setteesettanta involves a few firsts for Heesen, as she is the first yacht in the fleet to have a bridge on the fourth deck. Despite the fourth deck, Heesen’s traditional sleek appearance is maintained, thanks to a light and unobtrusive mast designed by Frank Laupman, which gracefully blends in with the superstructure. New flat Star Link comm panels will also replace the traditional domes. &nbsp;"It is a great honour that these experienced owners have entrusted us to build them a second yacht. Project Setteesettanta is quintessentially <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>. A full-custom, 57-metre motor yacht cannot be anything other than perfect, and there isn’t a shipyard in the world with a better knowledge of the techniques and disciplines needed to reach these heights," concluded Heesen CEO Niels Vaessen.&nbsp;In terms of performance, the superyacht is equipped with a conventional propulsion system and two compact <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 16V2000M72 (1,440 kW) diesel engines. Project Setteesettanta can reach a top speed of up to 18 knots and a cruising speed of 12 knots.<img src="https://photo-assets.superyachttimes.com/photo/250811/image/large-a6b4bdc826d16d3ec2a6690772706bef.jpg" data-gid="gid://syiq/Photo/250811">

Keel laid of 57m Heesen yacht Project Setteesettanta

Heesen has announced the laying of the keel for the 57m superyacht Project Setteesettanta.

Keel laid of 57m Heesen superyacht Project Setteesettanta

The final segment of the <a data-gid="gid://syiq/Event/185" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2023">Gulf Superyacht Summit</a> featured an interview conducted by Merijn de Waard with Marco Valle, the CEO of <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>. At the outset of the interview, Marco Valle shared insights into his extensive tenure with the group since 1996 and his unique appointment as the CEO of the entire group in 2020.<img src="https://photo-assets.superyachttimes.com/photo/296190/image/large-463b0553fa710aae2473780ce9247995.jpg" data-gid="gid://syiq/Photo/296190">Could you tell me about your professional journey within the Superyacht industry and your time with the&nbsp;<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>?My journey in the superyacht industry commenced in 1996, joining the <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>, a move that has defined my entire career. Initially serving as an assistant to the sales director, I concentrated on the company’s operations in Viareggio, the hub for constructing large yachts in the Italian maritime industry. Unexpectedly, my commitment to <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> has endured, driven by the perfect synergy and structure within the company.What are some of your significant moments and achievements during your time with&nbsp;<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>?After 27 years with <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>, there have been numerous significant moments and achievements. A challenging period which tested our resilience was during the initial stages of the pandemic lockdown. As clients reached out to cancel contracts due to uncertainties surrounding the pandemic and the ensuing economic crisis, we faced a critical decision-making juncture.In response to the crisis, Dr. Vitelli proposed a restructuring plan, suggesting that I take on the role of CEO for the entire company. At the time, I was solely with <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>, and in 2020, I officially assumed the role of CEO for <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>, a position that had not previously existed, as both <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> and <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> had their separate CEOs. Despite the initial uncertainties, this decision proved to be transformative. In 2023 our turnover has grown to an impressive €1.2 billion from 700 million when I took over.&nbsp;Can you sustain this kind of growth?I was among the few at the <a data-gid="gid://syiq/Event/121" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2022">Cannes Yachting Festival</a> back in 2022 to anticipate an impending slowdown. Despite external challenges, I believe <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> is well-positioned to sustain steady growth. Our current fiscal season runs from September 2023 to August 2024, and we are optimistic about achieving a growth rate of at least 10 percent during this period.As we find ourselves in the Middle East, could you share your earliest recollection or first significant memory of this region?My first memory dates back to 1997 in Dubai. Back then, the landscape was incomparable to the vibrant metropolis we see today, it was mostly desert and people talked about having a vision to build skyscrapers and marinas. The transformation has been remarkable. It was around this time that we delivered the first 30.48-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> Jumbo in Dubai, marking a significant milestone. Additionally, I participated in the International Boat Show.&nbsp;How important is the Gulf region for the&nbsp;<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>?The Gulf region holds immense importance for the <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>. It has played a crucial role with its significance growing even more for our future endeavours. We have consistently developed markets for both the <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> and <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> brands across the Arabian Gulf, maintaining a steadfast presence year after year. We have a strategic presence in Kuwait and successful sales in Qatar and Saudi Arabia. Additionally, we recognise the importance of the Egypt area, particularly concerning the Red Sea. <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> still plans on continuing investing in the region as approximately 20 percent of our substantial backlog, which is among the best in the market, originates from this thriving area. Following the Saudi Arabian Public Investment group's acquisition of a 33% stake in April 2023, the <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> emphasised the potential for long-term strategic business opportunities, particularly in the Middle East. Could you elaborate on the specific opportunities this investment presents for the group in the region?With the Saudi Arabian Public Investment group acquiring a 33 percent stake in April 2023, we've welcomed them as professional and committed shareholders, qualities essential in our industry. As a private, non-listed company, we've had various funds express interest over the years. The Vitelli family, discerning in their choice, found PIF to be the ideal partner for several reasons, including their proven track record in preserving the companies they invest in and their strategic location in this vital region.Furthermore, I can affirm that significant developments are currently underway in the region, they are actively taking place. Reflecting on past experiences, I predicted Dubai's growth before 2000, and as anticipated, it unfolded over time. This foresight extends to the Gulf Region, and we are confident that similar positive developments will occur.There many discussions centred on emerging propulsion systems, cutting-edge technologies, and sustainability initiatives aimed at enhancing our environmental efficiency. Undoubtedly, your company is actively involved in these advancements. Looking ahead, where do you envision your position in the industry five years from now? Can we anticipate the introduction of net-zero emission boats from your company?I'd like to emphasise the need for concrete action and offer some constructive criticism to our industry, specifically the manufacturers. The term 'sustainability' is often overused, and there is a danger of it becoming a mere buzzword. As someone once pointed out, when technology becomes boring, it becomes widely adopted. Currently, everyone talks about sustainability, pushing the responsibility forward without tangible actions. In reality, we must focus on concrete measures, avoiding 'greenwashing.'&nbsp;For instance, there are short-term solutions like biodiesel, with which we've partnered with Eni to provide HVO in Italy. Despite logistical challenges, we manage the distribution through our yard, supporting our clients. A year ago, we took the initiative to include emission levels in our range, based on consumption. We urged other manufacturers to join us, displaying this information on our yachts during shows. Regrettably, we remain the sole participant in this effort. However, this is not about self-decoration; our documentation is certified by <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyds</a> for international approval. I appreciate the opportunity to invite others to join this endeavour, as providing direct information to the final owner is crucial. Contrary to the belief that external pressure should drive change, we are taking proactive steps.&nbsp;We are also investing in hull shape and lighter materials, including cork, which is more sustainable. Instead of just using the term 'sustainable,' let's focus on tangible actions. Our industry needs to move beyond discussions and embrace facts and numbers. We are proud to share that we achieved a 20 percent reduction in consumption for our <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> range compared to previous models. These are not just promises but actual achievements, numbers that reflect our commitment to sustainability.Considering your order book which is the highest it has ever been, does the prospect of managing such a substantial workload concern you from a production standpoint?Not at all, we are efficiently managing our production workload. Our processes are becoming more streamlined, and the integration under the same company umbrella is proving advantageous. To illustrate, from the arrival of a 50-metre hull at the yards to the launch of the super yacht, the timeframe is now less than 11 months. This achievement is noteworthy, as it used to be the target for our 30-metre yachts a decade ago. Instead of expanding our yards, incurring additional costs and potential inefficiencies, we are focused on reducing lead times.How do you differentiate between the yachts built under the <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> and <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> brands? Is the categorisation based on factors such as speed and displacement?The core business for <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> revolves around displacement yachts, and we recently announced plans to introduce a 45-metre steel yacht due to the high demand for steel vessels. We are expanding our offerings beyond our existing B.Yond series, like the 37-metre, which will transition to a 40-metre version, and a 55-metre as well as the 45-metre Motopanfilo.&nbsp;Reflecting on past statements, I recall being asked about venturing into larger sizes during the launch of the <a data-gid="gid://syiq/YachtModel/1081" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut 100 Jumbo30.48m (100'0&quot;)">Azimut</a> tri-deck. At that time, I firmly expressed that it would never happen. However, I can now say that we are working on an <a data-gid="gid://syiq/YachtModel/1081" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut 100 Jumbo30.48m (100'0&quot;)">Azimut</a> 40-metres plus.What are your thoughts on the current pricing trends in the yacht industry? Have you encountered clients expressing concerns about the increasing costs?We've had clients express concerns about yacht prices throughout the year. Some who were accustomed to paying a certain amount found the increases challenging, leading a few to reconsider purchasing. The industry's push to expand its client base over the last few years has been a double-edged sword. It's positive for growth, but it presents challenges and threats.&nbsp;Expanding the clientele allowed for increased pricing due to a surge in demand. However, this was also influenced by factors such as material shortages, component delays, and speculations by some suppliers. While prices may seem exorbitant when compared to three or four years ago, it's essential to note that these increases aren't purely reflective of profit margins due to shifts in the supply chain.Interestingly, some newcomers to the yachting world may initially underestimate the ongoing costs, such as maintenance, management, and crew expenses. Over time, they realise the investment's full implications.&nbsp;Despite the challenges, a positive shift has been observed as people are spending more time onboard. This trend has become especially pronounced in recent years, transforming the yacht-buying experience into an emotional factor. We've witnessed clients who, over the years, started with a smaller yacht for occasional use and have now transitioned to larger vessels, spending more time with family onboard. This change in behaviour is significant and contributes to the industry's resilience. The emotional factor in the boat-buying process ensures a lasting connection with our clients, aligning with our group's strategy to maintain and grow within the family.

In conversation: Marco Valle's 27 year odyssey with the Azimut|Benetti Group

The final segment of the Gulf Superyacht Summit featured an interview conducted by Merijn de Waard with Marco Valle, the CEO of Azimut|Benetti Group.

<img src="https://photo-assets.superyachttimes.com/photo/294928/image/large-69cd13c256ba167c22891decf59121b4.jpg" data-gid="gid://syiq/Photo/294928">Spotted last month cruising here in Freeport, in the Bahamas, is the 70.2-metre superyacht <a data-gid="gid://syiq/Yacht/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saint Nicolas70.2m (230'4&quot;)Lürssen Yachts2007">Saint Nicolas</a>. Launched in 2007 in Germany, the 1,938 GT superyacht, designed by <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a> and built by <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen Yachts</a>, features an elegant interior by <a data-gid="gid://syiq/Company/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuretti Interior Design (Company)">Zuretti Interior Design</a>. The yacht underwent a 10-year <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyd’s</a> class survey in May 2017 and received a comprehensive overhaul in 2016-2017, including a new paint job. 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, <a data-gid="gid://syiq/Yacht/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saint Nicolas70.2m (230'4&quot;)Lürssen Yachts2007">Saint Nicolas</a> cruises at 12 knots and reaches a top speed of 15.5 knots. She was sold last month by <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.&nbsp;

70m Lürssen superyacht Saint Nicolas in the Bahamas

The 70m superyacht Saint Nicolas, built by Lürssen in 2007, is seen here cruising in the Bahamas. 

Gulf Superyacht Summit 2023 summary

 SuperYacht Times takes a look at everything you may have missed from this year’s packed programme at the Gulf Superyacht Summit 2023.

A complete summary of the Gulf Superyacht Summit 2023

Tilse yacht glazing manufacturer

Tilse in Germany, a pioneer of glazing solutions on superyachts, has influenced the rules and standards to keep pace with developments in design. 