United Kingdom

Nautilus International

<a data-gid="gid://syiq/Company/5456" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Italian Vessels Cantieri Navali (Company)">Italian Vessels</a>, the renowned shipyard led by Mario Parigi, has unveiled its latest creation, the 37.85-metre ClassicA 37 MT series with a curated selection of interior renderings showcasing the yacht's timeless yet contemporary design.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/275184/image/large-25df9def1f57a9794d089414a3e67234.jpg" data-gid="gid://syiq/Photo/275184">The inaugural ClassicA 37 MT exudes timeless elegance with a contemporary twist. Combining a classic soul with futuristic aesthetics, this motor yacht boasts a sleek silhouette. Crafted from steel and aluminium, this superyacht's robust hull ensures exceptional performance, seaworthiness, and navigability.<img src="https://photo-assets.superyachttimes.com/photo/275183/image/large-bdcb8e5bb258e2c2bef8593c278138b2.jpg" data-gid="gid://syiq/Photo/275183"><img src="https://photo-assets.superyachttimes.com/photo/275181/image/large-5e06567687a9173842a6070741ecd39a.jpg" data-gid="gid://syiq/Photo/275181">The ClassicA 37 MT sets new standards for safety at sea. Its elongated silhouette and steel-and-aluminum construction make it an ideal "Explorer" yacht, renowned for its sturdy build and nautical prowess. Ranging from 20 metres and beyond, the yacht series's generous size, between 400 and 500 GT, allows for spacious interiors while prioritising structural integrity, sailing safety, and onboard comfort. With fuel efficiency, impressive speeds between 13-15 knots, and ample storage capacity, the <a data-gid="gid://syiq/Yacht/11506" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Italian Vessels Classica 37 MT37.85m (124'2&quot;)Italian Vessels Cantieri Navali 2023">ClassicA 37 MT</a>is perfect for extended oceanic voyages.<img src="https://photo-assets.superyachttimes.com/photo/275182/image/large-764f5526aaafd3d757e4a0386cb65d15.jpg" data-gid="gid://syiq/Photo/275182" 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Designed for year-round living, its interiors are modern and airy, complemented by state-of-the-art entertainment systems, thanks to interior designer <a data-gid="gid://syiq/Company/4504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesca Cianficconi Architetto (Company)">Francesca Cianficconi Architetto</a>. As featured in the renderings, marble, light hues, and a nautical elegance have been adopted by the design team to create the perfect oasis on the water. The <a data-gid="gid://syiq/Company/5456" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Italian Vessels Cantieri Navali (Company)">Italian Vessels</a> ClassicA 37 MT showcases exterior design and naval architecture by <a data-gid="gid://syiq/Company/6476" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Navale Samarelli (Company)">Studio Navale Samarelli</a>. Across five guest suites, up to 10 guests can be accommodated onboard.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/275185/image/large-25909711805306f19f9653d769e3ed8c.jpg" data-gid="gid://syiq/Photo/275185">Another highlight of the <a data-gid="gid://syiq/Yacht/11506" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Italian Vessels Classica 37 MT37.85m (124'2&quot;)Italian Vessels Cantieri Navali 2023">ClassicA 37 MT</a> includes the emphasises on the importance of eco-friendliness, with the shipyard's owner, Mario Parigi when saying: “The motorisations built at the shipyards of Termoli fulfill the strictest standards of reductions of emissions of diesel engines according to the rules issued by the Environmental Protection Agency (EPA), measures which require a reduction based on six criteria of key evaluation of the polluting materials. The next and last step – Parigi says – will be TIER4 and EPA4 level which <a data-gid="gid://syiq/Yacht/11506" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Italian Vessels Classica 37 MT37.85m (124'2&quot;)Italian Vessels Cantieri Navali 2023">ClassicA 37 MT</a> partly intends to achieve by adopting a 24/7 engine”. Furthermore, noise and vibration reduction requirements are addressed throughout the yacht with cutting-edge innovations in installation and fastening techniques.<img src="https://photo-assets.superyachttimes.com/photo/275180/image/large-84ef50e15e9ce78cb2f57bf566034da4.jpg" data-gid="gid://syiq/Photo/275180">The ClassicA 37 MT will be constructed in Termoli's shipyards using premium materials and working with skilled craftsmanship. <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/1463" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bureau Veritas (Company)">Bureau Veritas</a>, and the American Bureau Shipping have certified the use of top-quality steel. The entire manufacturing process will be carried out internally, fostering seamless collaboration between the designers and artisanal craftsmen.&nbsp;“A necessary choice for their expertise, accurate and careful to the customers’ needs”, the Parigi family, with their extensive experience in the yachting industry, spearheads the project. Mario Parigi, a seasoned maritime expert and former owner of <a data-gid="gid://syiq/Company/2233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus International (Company)">Nautilus</a> shipyards in Fiumicino, leads the team alongside his sons, Marco and Eugenio. <a data-gid="gid://syiq/Company/5456" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Italian Vessels Cantieri Navali (Company)">Italian Vessels</a> impressive track record includes over 200 vessels, ranging from mega yachts to tugboats, fishing boats, and tankers. Since acquiring the historic shipyards in Termoli in 2014, the Parigis have modernised and revitalised them under the name <a data-gid="gid://syiq/Company/5456" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Italian Vessels Cantieri Navali (Company)">Italian Vessels</a>, with Mario Parigi as the CEO.

ClassicA 37 MT interior renderings revealed by Italian Vessels

Italian Vessels, the renowned shipyards led by Mario Parigi, have unveiled their latest creation, the 37.85-metre ClassicA 37 MT interior renderings. 

Italian Vessels unveils interior renderings of 38m ClassicA 37 MT yacht

The winning bidder of the court-ordered auction for the 95m superyacht <a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">Indian Empress</a> has filed for a 15-day extension, following delays in payment. A court in Malta has declined the application.<img src="/uploads/store/photo/15879/image/large-fca42e36bc8b357300af6effb6db9415.JPG" data-gid="gid://syiq/Photo/15879">Lawyers representing the buyer, Credityacht Ltd, filed for an application for an extension on July 5, after failing to meet the original payment deadline, confirmed Ann Fenech, managing partner of Fenech &amp; Fenech Advocates to SuperYacht Times. The extension application cited a three day bank holiday as part of the reason the buyer was not able to transfer the €43.5 million for<a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">&nbsp;Indian Empress</a> on time. &nbsp;It came as no surprise that winning bidder was unable to pay the purchase price of Indian Empress within seven days to Ann Fenech. “The owners of the Indian Empress requested an adjournment of the auction the day before the auction on the basis the owners had signed an MOA with Credityacht weeks earlier, who needed more time to pay the purchase price,” said Ann Fenech to SuperYacht Times. &nbsp; &nbsp;<img src="/uploads/store/photo/16372/image/large-f3510410739ecf95976702d35efcfbc5.JPG" data-gid="gid://syiq/Photo/16372">A court in Malta rejected the application for a payment extension and now, it is up to any creditor with an executive title to request another judicial sale of<a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">&nbsp;Indian Empress</a>. As the former owner of<a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">&nbsp;Indian Empress</a> is said to owe more than 40 crew members over $1 million in unpaid wages, Maritime workers union Nautilus International is waiting for the court to appoint a new auction of Indian Empress. &nbsp;The union previously agreed to the application to extend the payment deadline, as they felt it offered the best possibility of securing the remaining €234,129 wages owed to the crew since<a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)"> Indian Empress </a>was abandoned last year. “We hope that the courts in Malta will be able to arrange a new judicial auction quickly and that any other bidders are in a position to deposit the sums with the court without delay,”&nbsp;commented Nautilus strategic organiser Danny McGowan. “Our members have waited for long enough already.” &nbsp;<img src="/uploads/store/photo/16099/image/large-034640c42c41a98e15593fc88f1eb137.jpg" data-gid="gid://syiq/Photo/16099">In the event that the new purchase price at the second court-ordered auction is less than the €43.5 million bid at the last sale, Credityacht will have to pay the difference in price.

The 95m superyacht Indian Empress still awaits a new owner

<a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">Indian Empress</a>, the 95-metre superyacht that was sold in a court-ordered auction in Malta<a data-gid="gid://syiq/Article/48695" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The 95m Indian Empress sold for €43.5 million during court-ordered auction (2018-06-29 11:45:00 +0200)">&nbsp;last&nbsp;</a>Thursday, is still waiting to be transferred to her new owner. The winning bidder of the superyacht which was previously seized in Malta last September over unpaid maritime wages has yet to deposit the purchasing price of €43.5 million. &nbsp;<img src="/uploads/store/photo/16372/image/large-f3510410739ecf95976702d35efcfbc5.JPG" data-gid="gid://syiq/Photo/16372">Ann Fenech, managing partner of Fenech &amp; Fenech Advocates, has confirmed that the winning bidder of<a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">&nbsp;Indian Empress</a> is Credityacht Ltd, a company registered in Malta. Following the auction, the buyer has seven days to deposit the purchasing price, which means the buyer has until today to pay for their new superyacht.However, the sale of <a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">Indian Empress</a> may not go through, as the original owners of the superyacht filed an application requesting the postponement of the auction.&nbsp;“The owners claimed that an MOA had been signed with this same buyer in May, but they had some issues with paying the purchase price,”&nbsp;revealed Fenech to SuperYacht Times. &nbsp;<img src="/uploads/store/photo/15879/image/large-fca42e36bc8b357300af6effb6db9415.JPG" data-gid="gid://syiq/Photo/15879">"The court had refused the application and the sale went ahead. We are all waiting to see what happens.”&nbsp; The previous owner of Indian Empress, former politician and co-owner of Formula One Force Indian team, Vijay Vittal Mallya, is said to owe more than 40 crew members over $1 million in unpaid wages. Following the sale of the superyacht last Friday, Maritime workers union Nautilus International stated that it aims to ensure the auction proceeds are used to pay the crew its owed wages.

Buyer of Indian Empress has yet to pay winning bid

<a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">Indian Empress,</a> the 95-metre superyacht built by Oceanco, has been sold for €43.5 million during a court-ordered auction following an ongoing dispute with its former owner. <img src="/uploads/store/photo/16099/image/large-034640c42c41a98e15593fc88f1eb137.jpg" data-gid="gid://syiq/Photo/16099">The auction, which took place in the Law Courts building in Valleta, Malta on Thursday, is said to have started with an opening bid of €25 million, according to media reports. The identity of the winning bidder has yet to be confirmed.The dispute over<a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">&nbsp;Indian Empress</a> first began when her owner, former politician and co-owner of Formula One Force Indian team, Vijay Vittal Mallya allegedly abandoned the superyacht last September over unpaid maritime bills. The owner is said to owe more than 40 crew members more than $1 million in unpaid wages. The superyacht was impounded in Malta in March this year on behalf of 13 creditors who are reportedly owed approximately €2 million euros. <img src="/uploads/store/photo/32496/image/large-3f21df891f9e02456d3a8b893168ce01.JPG" data-gid="gid://syiq/Photo/32496">Following the sale of <a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">Indian Empress</a>, Maritime workers union Nautilus International aims to ensure that the auction proceeds are used to pay the crew its owed wages. The union has already secured the payment of four months’ unpaid wages, equal to more than $615,000 under the ’safety net’ financial security provisions of the Maritime Labour Convention following negotiations with insurers and managers of the superyacht.&nbsp;The sale of <a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">Indian Empress</a> is said to represent a “significant milestone” in the “long-running saga,” according to Nautilus strategic organiser Danny McGown. “We are working with our lawyers in Malta to ensure that the crew are paid all their outstanding wages as soon as possible,” he said. “The sale proceeds must be deposited in court within the next seven days and the court will then arrange for the creditors – including Nautilus members – to be paid the sums they are owed.”<img src="/uploads/store/photo/17091/image/large-ec22b23e38ef8201854545a66029f757.jpg" data-gid="gid://syiq/Photo/17091">The sale comes after a judge in Malta previously ruled that Mallya, who business empire include Kingfisher beer, should pay €234,129 in backdated wages to 15 crew members from <a data-gid="gid://syiq/Yacht/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Indian Empress95.0m (311'8&quot;)">Indian Empress</a>. The 95-metre superyacht was launched by Oceanco in 2000 and bought by Mallya in 2006. She underwent a major refit in 2016.

The 95m Indian Empress sold for €43.5 million during court-ordered auction

Moore Stephens Crew Benefits Limited (MSCB), product placement providers of niche financial and HR products specifically for Superyacht crew, today announced a strategic new alliance with Nautilus International, a leading nautical international trade union and professional organisation. "We're excited about the opportunities for our new venture which seeks to deliver benefits for all sides through our high quality service standards," said Clive Dixon, director of MSCB, "Nautilus International is a key player in global shipping and most importantly in Superyachts and we share a common objective of protecting the interests of seafarers." Moore Stephens Crew Benefits sources international offshore bank accounts and specialist medical insurance for internationally mobile seafarers. Most recently it launched the International FlexiPlan, a 21st Century savings vehicle designed specifically for yacht crew. MSCB will soon also offer a counselling and a dedicated 24/7 helpline for the needs of crew. "The unique needs of Superyacht crew have not been completely understood," said Garry Elliott of Nautilus, "We're really proud to be associated with MSCB; we know how important the benefits MSCB offers are to crew morale so there's real value in this strategic alliance which opens up a wider audience for both of us, but most importantly brings more benefits to our members in terms of providing financial security for their future. MSCB have ultra low-cost, flexible international products with the unique lifestyle of yacht crew members in mind." Each company has agreed to have co links and branding on its respective marketing materials including websites. There will also be cooperative initiatives between the two companies at Superyacht shows and other crew specific events. Moore Stephens Yachting Clive Dixon +44 1624 662020 <a href="mailto:clive.dixon@moorestephens.co.im?subject=Moore%20Stephens%20Yachting%20%28SuperYachtTimes.com%29">clive.dixon@moorestephens.co.im</a> <a target="_blank" href="http://www.moorestephensyachts.com/">www.moorestephensyachts.com</a> Nautilus International +44 (0)20 8989 6677 <a href="mailto:enquiries@nautilusint.org?subject=Nautilus%20International%20on%20SuperYachtTimes.com">enquiries@nautilusint.org</a> <a target="_blank" href="http://www.nautilusint.org">www.nautilusint.org</a>