Peter Insull today announced the sale of the company’s largest deal in terms of Gross Tonnage to date – a 133.55-metre cruise ship delivered in 1996.

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Whilst the company was unable to comment about the future of the vessel, we suspect that with Peter Insull having been involved in the deal that there is a good chance the vessel will be rebuilt or converted into a private or charter yacht.

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MV Minerva, as she is known, encompasses an impressive 12,892 GT and draws 6 metres below the waterline. If indeed reborn as a luxury yacht, the vessel will certainly count as one of the largest superyachts in the world.

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134m passenger vessel sold by Peter Insull and ready for new life at sea

What began as a four-month mission to complete the interior of a 78-metre custom yacht has evolved into a major interior manufacturing operation. Founded in 2020 by long-time industry colleagues Roger Myers and Cyril Bieri,&nbsp;<a data-gid="gid://syiq/Company/7319" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Interiors (Company)">Superyacht Interiors Dubai</a>&nbsp;has grown from a team of 172 craftsmen into a workforce of more than 350 specialists, delivering complex yacht interiors, bespoke furniture packages and high-end residential projects from facilities in Dubai and Oman. We spoke with Roger about the systems, facilities and strategies that underpin their approach.<img src="https://photo-assets.superyachttimes.com/photo/400470/image/large-4ceb08833994d9b729841ee78f6e196b.jpg" data-gid="gid://syiq/Photo/400470">What has been the most significant change in the business since completing your first yacht project?The biggest transformation has been in our engineering and manufacturing capabilities. In the beginning, our focus was on assembling the right team and delivering the interior of the 78-metre yacht to the standards expected by European shipyards and designers. Since then, we have invested heavily in engineering, production systems and machinery. What started as a project-driven operation has evolved into a fully integrated manufacturing business with dedicated engineering departments, advanced CNC machining capabilities, specialised finishing facilities and robust quality control systems. Our objective has always been to combine traditional yacht craftsmanship with modern manufacturing processes while maintaining the standards expected within the superyacht sector.<img src="https://photo-assets.superyachttimes.com/photo/400467/image/large-60153eb48725bce03601f1af50379f27.png" data-gid="gid://syiq/Photo/400467">How has your production capacity evolved as the company has grown?When we launched, we had 172 employees. Today, our core workforce sits at around 350 specialists, although we have demonstrated the ability to scale significantly when projects require it. During peak production on an ongoing Northern European project, we expanded to almost 500 personnel to support areas such as finishing, veneer preparation and painting. At standard production levels, we’re able to deliver approximately 1,200-square-metres of luxury yacht interiors annually. With extended shifts and overtime, that capacity increases to around 1,500-square-metres.One of the key lessons we've learned is that capacity is not simply about workforce numbers. It’s about understanding production bottlenecks and investing in the areas that create the greatest efficiencies. Paint, veneer processing and machining all involve curing or drying periods, so extending operations through additional shifts allows us to maximise utilisation of those assets.<img src="https://photo-assets.superyachttimes.com/photo/400468/image/large-bbfff37808bf54abf0581945a33727ca.png" data-gid="gid://syiq/Photo/400468">You have recently invested significantly in engineering and digital manufacturing. What is driving that strategy?Efficiency is a major focus for us as we look towards the future. Over the past year, we have invested heavily in CAD+T engineering software alongside ERP and SAP systems that allow us to track materials and components throughout the production process. Traditionally, yacht interiors have relied heavily on 2D engineering. We’re now transitioning towards fully integrated 3D workflows. The advantage is that the engineering model automatically generates bills of materials, cut lists and manufacturing information, which can then be transferred directly to our production machinery. Alongside the software investment, we have recruited highly experienced specialists from leading European yacht interior companies to support the implementation. Our goal is for the majority of our engineering output to be delivered through these integrated digital systems over the next 12 months.What investments have you made on the manufacturing side?We’ve invested approximately €2 million in machinery and equipment, with a long-term investment plan of around €4 million over the next five years. This includes new 5-axis and 4-axis CNC machining centres, upgraded spray-line systems and additional finishing capabilities. We have also expanded our paint operations significantly, with two large spray facilities now fully operational and a third currently being introduced. These investments are already generating substantial gains in efficiency, production quality and programme reliability. At the same time, we continue to invest in people. Technology is important, but it still relies on skilled craftsmen, engineers and project managers to deliver the final result.<img src="https://photo-assets.superyachttimes.com/photo/400471/image/large-0fb460c7fc1ccd3662c37cb698e733d6.png" data-gid="gid://syiq/Photo/400471">How does the new Oman facility fit into your manufacturing strategy?Capacity was certainly one factor, but the facility is really about manufacturing optimisation. The Oman facility has been established as a dedicated machining centre and houses much of our newest CNC equipment, focusing on high-volume cutting and machining operations. By relocating these activities, we can maintain a cleaner, quieter and more controlled production environment in Dubai, which is where clients visit for factory acceptance tests, mock-ups and project reviews. Machining generates dust, noise and material movement. Separating those activities allows us to improve workflow efficiency while creating a better environment for assembly, finishing and client interaction.&nbsp;How important is vertical integration to your business model?It’s fundamental. One of the reasons we remain competitive internationally is because we undertake a significant amount of work in-house. We have dedicated engineering, joinery, upholstery, finishing and metalworking capabilities operating within the same organisation. That allows us to maintain control over programme schedules, quality standards and costs. It also improves communication between departments and reduces reliance on external suppliers. For yacht projects, where tolerances are extremely tight and schedules are often compressed, that level of integration is a major advantage.<img src="https://photo-assets.superyachttimes.com/photo/400469/image/large-d88220b7d5cbb05fa65d2796fe97e3df.jpg" data-gid="gid://syiq/Photo/400469">Looking ahead, what will define the next stage of growth for&nbsp;<a data-gid="gid://syiq/Company/7319" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Interiors (Company)">Superyacht Interiors Dubai</a>?Growth remains important, but craftsmanship remains at the centre of everything we do. Technology improves efficiency and accuracy, but ultimately every yacht interior is still built by skilled craftsmen. Our objective is to combine those traditional skills with modern engineering and manufacturing systems, creating an environment where designers, shipyards and owners can realise increasingly ambitious projects. That balance between craftsmanship, innovation and collaboration is what will continue to define <a data-gid="gid://syiq/Company/7319" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Interiors (Company)">Superyacht Interiors Dubai</a> in the years ahead.

Superyacht Interiors Dubai CEO Interview

SuperYacht Times interviews Superyacht Interiors CEO

CEO in Conversation: Roger Myers on scaling Superyacht Interiors Dubai

Launched in October 2025, the 72-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> 74Steel superyacht <a data-gid="gid://syiq/Yacht/11729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Fox72.0m (236'3&quot;)Sanlorenzo2026">Silver Fox</a> is the first flagship hull in the series. The steel-hulled motor yacht is positioned at the top of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s range and is designed to prioritise volume, outdoor living and onboard comfort across all guest areas. SuperYacht Times takes a closer look onboard to find out more. <img src="https://photo-assets.superyachttimes.com/photo/399685/image/large-b51da549db5d745f4ae0d34f9c8a5274.jpg" data-gid="gid://syiq/Photo/399685">Each hull in the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> 74Steel series features a different level of customisation, including varied interiors, layouts and bow configurations, while retaining the proven technical platform.<img src="https://photo-assets.superyachttimes.com/photo/399709/image/large-779578fa60e88ae85c597f77d187eef0.jpg" data-gid="gid://syiq/Photo/399709"><a data-gid="gid://syiq/Yacht/11729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Fox72.0m (236'3&quot;)Sanlorenzo2026">Silver Fox</a> features exterior design and naval architecture by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, with the interiors of the first hull created by <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a> in collaboration with <a data-gid="gid://syiq/Company/6365" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Margherita Casprini (Company)">Margherita Casprini</a>.<img src="https://photo-assets.superyachttimes.com/photo/399711/image/large-1d447f9d2c202e09d53eb17918e1baad.jpg" data-gid="gid://syiq/Photo/399711">The 74Steel yacht has been developed on a pre-engineered technical platform and is offered with either diesel-electric or conventional propulsion. This arrangement enables more flexible interior layouts, particularly in the beach club and spa areas, which reach close to 290 square-metres when the transom and side platforms are deployed.<img src="https://photo-assets.superyachttimes.com/photo/399712/image/large-3826af38bd3e1c8635a450d1ddd18829.jpg" data-gid="gid://syiq/Photo/399712">“From a brand perspective, this is a pivotal moment for <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>”, explained Massimo Perotti, Chairman and CEO of the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Group during her launch in October 2025.&nbsp;“This is our most ambitious project and it marks a new pinnacle in our steel range. The 74Steel is more than just our largest yacht; it’s a statement of our values, representing elegance, restraint and the purity of living life at sea, the core values of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>.”Read more: <a data-gid="gid://syiq/Article/64382" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo launches flagship 74Steel yacht (2025-10-06 11:00:00 +0200)">Sanlorenzo launches flagship 74Steel yacht</a><img src="https://photo-assets.superyachttimes.com/photo/399713/image/large-8d91a979fd824faceb400fc5e69388d1.jpg" data-gid="gid://syiq/Photo/399713"><a data-gid="gid://syiq/Yacht/11729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Fox72.0m (236'3&quot;)Sanlorenzo2026">Silver Fox</a> is characterised by sinuous forms and a vertical bow giving the yacht a distinctive profile. Moving inside, her interiors are modern and refined, with curved furniture, sculpted forms and matte wood finishes, complemented by varied marbles across her ensuite bathrooms.<img src="https://photo-assets.superyachttimes.com/photo/399707/image/large-7bc2030054f257bc745f1aea668abb27.jpg" data-gid="gid://syiq/Photo/399707">The layout of <a data-gid="gid://syiq/Yacht/11729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Fox72.0m (236'3&quot;)Sanlorenzo2026">Silver Fox</a> has been conceived to allow seamless transitions between indoor and outdoor spaces throughout the day. Her main saloon combines a relaxed lounge and cinema area with a separate dining space that seats up to 14 guests.<img src="https://photo-assets.superyachttimes.com/photo/399705/image/large-9902a1a97fe2002fce24810874b181cb.jpg" data-gid="gid://syiq/Photo/399705">Spanning 130 square-metres, the space includes sliding glass doors on both sides, opening the space to sea views and a gentle breeze. Aft, a spectacular glass-bottomed pool bathes the beach club below with natural light, creating a calm connection to the sea.<img src="https://photo-assets.superyachttimes.com/photo/399694/image/large-767cbc8f5635eed27df952aa7bdee315.jpg" data-gid="gid://syiq/Photo/399694"><img src="https://photo-assets.superyachttimes.com/photo/399702/image/large-bfd5402543fed2a4d672b0b348afb721.jpg" data-gid="gid://syiq/Photo/399702"> <a data-gid="gid://syiq/Yacht/11729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Fox72.0m (236'3&quot;)Sanlorenzo2026">Silver Fox</a> boasts an eight stateroom configuration for up to 12 guests. She offers a 300-square-metre private owner’s deck, with a forward-facing suite, private terrace, two bathrooms and a secluded aft dining area. Her five remaining guest staterooms are located on the main deck and include a full-beam VIP suite with a private lounge.<img src="https://photo-assets.superyachttimes.com/photo/399710/image/large-e7859a34915a2381cd88aac4caf67128.jpg" data-gid="gid://syiq/Photo/399710">Sliding panels allow the VIP’s saloon to be closed off from the sleeping area, creating an intimate retreat that feels like a private apartment. A central corridor connects each stateroom directly to the main saloon, where guests can gather in a relaxed lounge setting or enjoy an evening cinema experience with a large-format screen and bespoke seating.<img src="https://photo-assets.superyachttimes.com/photo/399637/image/large-f28523ffcdc6ee09803ec5187f2dcccb.jpg" data-gid="gid://syiq/Photo/399637"><img src="https://photo-assets.superyachttimes.com/photo/399703/image/large-56ed3c7a86d4c4bfeb460f3ebac7c4b5.jpg" data-gid="gid://syiq/Photo/399703">The lower deck of <a data-gid="gid://syiq/Yacht/11729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Fox72.0m (236'3&quot;)Sanlorenzo2026">Silver Fox</a> houses a professional galley with a spacious crew dinette opposite. In the forward section are 11 crew cabins, while a twelfth cabin can double as a hospital berth if required. Two dedicated crew staircases also connect the lower deck to the bridge deck, ensuring smooth, efficient and discreet service throughout the yacht.<img src="https://photo-assets.superyachttimes.com/photo/399717/image/large-654d056c3db250ea099285e088759b96.jpg" data-gid="gid://syiq/Photo/399717">Her sundeck includes alfresco dining options, complemented by panoramic views. The forward seating area, with a firepit and a second hot tub surrounded by sun pads, provides a dramatic yet intimate setting for evenings at sea, while a transparent glass windbreak beneath the hardtop ensures comfort even when the breeze rises.<img src="https://photo-assets.superyachttimes.com/photo/399646/image/large-814c331d6bfe9fbeae2335083860a971.jpg" data-gid="gid://syiq/Photo/399646"><img src="https://photo-assets.superyachttimes.com/photo/399698/image/large-d55416f4cd9c4de771bb32a8aa9c2f63.jpg" data-gid="gid://syiq/Photo/399698"><img src="https://photo-assets.superyachttimes.com/photo/399697/image/large-eb72fbe57ede902ac2a6367c29ded5f6.jpg" data-gid="gid://syiq/Photo/399697">The beach club of <a data-gid="gid://syiq/Yacht/11729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Fox72.0m (236'3&quot;)Sanlorenzo2026">Silver Fox</a> is equipped with a gym with a fold-down terrace, massage suite, sauna, hammam, cold plunge pool, hair salon and a family room for younger guests. When opened to the water, this entire area transforms into a generous waterfront retreat, close to 290 square-metres, with walkaround access.<img src="https://photo-assets.superyachttimes.com/photo/399644/image/large-fd64a0ebd4774e93343baadbcf120026.jpg" data-gid="gid://syiq/Photo/399644">There is also a sports court with flood lights on the bow, so guests can play pickleball, basketball and football at their leisure. <a data-gid="gid://syiq/Yacht/11729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Fox72.0m (236'3&quot;)Sanlorenzo2026">Silver Fox</a> also carries multiple personal watercraft, Seabobs and Fliteboards, alongside three tenders. These include a 10-metre <a data-gid="gid://syiq/Company/4716" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pascoe International (Company)">Pascoe</a> limousine tender, a <a data-gid="gid://syiq/Company/4716" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pascoe International (Company)">Pascoe</a> beach lander RIB and a dedicated ski boat.<img src="https://photo-assets.superyachttimes.com/photo/399693/image/large-2ab5811882b72906bf7aa4c8da71cde0.jpg" data-gid="gid://syiq/Photo/399693">In terms of performance, <a data-gid="gid://syiq/Yacht/11729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Fox72.0m (236'3&quot;)Sanlorenzo2026">Silver Fox</a> is equipped with a diesel-electric system developed with <a data-gid="gid://syiq/Company/1981" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Siemens Energy (Company)">Siemens Energy</a>, relying on six variable-speed <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a>–Mase generators driving twin <a data-gid="gid://syiq/Company/1131" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Schottel GmbH (Company)">Schottel</a> E-Pods, supported by a 1.5 MWh battery bank.<img src="https://photo-assets.superyachttimes.com/photo/399686/image/large-5f239ca873449a6f76b2a1fc3c0aa55f.jpg" data-gid="gid://syiq/Photo/399686">

Onboard the Sanlorenzo 74Steel superyacht Silver Fox

SuperYacht Times takes a closer look onboard the Sanlorenzo 74Steel superyacht Silver Fox to find out more.

Silver Fox: First look onboard the flagship Sanlorenzo 74Steel superyacht

<img src="https://photo-assets.superyachttimes.com/photo/400466/image/large-34e8c5e2c5c5e844965e2831994c8232.jpg" data-gid="gid://syiq/Photo/400466">Seen cruising through the Kiel Canal was the 37-metre converted motor sailer yacht <a data-gid="gid://syiq/Yacht/1168" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cassiopeia37.0m (121'5&quot;)Torre del Greco1946">Cassiopeia</a>.Originally built by <a data-gid="gid://syiq/Company/818" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Torre del Greco (Company)">Torre del Greco</a> in 1946, the vessel was constructed for commercial service during the Second World War. She was then transformed into a private yacht in the 1960s under ownership linked to the Agnelli family of Fiat.Built with a triple-planked iroko and mahogany hull on oak frames, <a data-gid="gid://syiq/Yacht/1168" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cassiopeia37.0m (121'5&quot;)Torre del Greco1946">Cassiopeia</a> measures 172 GT and accommodates up to seven guests across four staterooms. Her classic sailing profile is complemented by inviting outdoor spaces, including an alfresco dining area positioned beneath her distinctive rigging arrangement, alongside generous lounge areas designed for relaxed cruising.The motor sailer yacht is powered by twin <a data-gid="gid://syiq/Company/1451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gardner (Company)">Gardner</a> engines, giving her a cruising speed of nine knots and a top speed of 10 knots.

sailing yacht Cassiopeia in Kiel Canal

Seen cruising through the Kiel Canal was the 37-metre converted motor sailer yacht Cassiopeia.

37m classic sailing yacht Cassiopeia cruising in Kiel Canal

The 33.91-metre <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> motor yacht <a data-gid="gid://syiq/Yacht/3920" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Final Cut33.91m (111'3&quot;)Sunseeker2011">Final Cut</a> sold in a deal with <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yacht Management</a> introducing the buyer and Cem Kuşkonmaz of <a data-gid="gid://syiq/Company/4569" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautique Yachting (Company)">Nautique Yachting</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/387155/image/large-60c3de5f5b0522e9e6fa4ae304bf61b8.jpg" data-gid="gid://syiq/Photo/387155">Delivered in 2011 as part of the <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> 34M series, <a data-gid="gid://syiq/Yacht/3920" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Final Cut33.91m (111'3&quot;)Sunseeker2011">Final Cut</a> has been designed in-full by her British builder <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>, which were responsible for her interior and exterior design, as well as her naval architecture.&nbsp;Spanning 225 GT, <a data-gid="gid://syiq/Yacht/3920" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Final Cut33.91m (111'3&quot;)Sunseeker2011">Final Cut</a> can comfortably accommodate up to 10 guests across a five stateroom configuration, with her master suite situated forward on the main deck, alongside two doubles and two twins on the lower deck.&nbsp;In terms of performance, <a data-gid="gid://syiq/Yacht/3920" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Final Cut33.91m (111'3&quot;)Sunseeker2011">Final Cut</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, providing her with a cruising speed of 18 knots and a top speed of 25 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/3920" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Final Cut33.91m (111'3&quot;)Sunseeker2011">Final Cut</a> had a last known asking price of €3,900,000.&nbsp;

Final Cut: 34m Sunseeker yacht sold

The 33.91-metre Sunseeker motor yacht Final Cut sold with a last known asking price of €3,900,000.

34m Sunseeker motor yacht Final Cut sold

<a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a> has announced the appointment of Myriam Cutolo as Executive Vice President. <img src="https://photo-assets.superyachttimes.com/photo/400424/image/large-bb28a90401bc22ca0d567563f4dbb08e.png" data-gid="gid://syiq/Photo/400424">In her new role, Myriam Cutolo will coordinate the company’s administration, finance, organisation and business development activities, working in synergy with the management team and the heads of the various operational areas.Myriam brings with her extensive knowledge of the company, where she has developed her understanding of the organisation, its people and the processes in which it operates. An Olympic sailor and manager, her skills have been honed to complement the experience and skills of the team. <img src="https://photo-assets.superyachttimes.com/photo/400419/image/large-786015d14f715d880541f2641a598533.jpg" data-gid="gid://syiq/Photo/400419">Founded in 1995 by Sergio Cutolo and Silvia Himsolt, <a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a> has evolved from an engineering company into a leading yacht design firm. The company has grown over the years, with the arrival of Nicola Camuffo as Chief Technical Officer (CTO) and Michele Lauriero as Chief Operating Officer (COO) in 2025.“Over more than thirty years, Sergio Cutolo built far more than a design studio: he built a culture, a vision and a wealth of expertise that today belong to all of <a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a>,” explained Myriam Cutolo.“My goal is not to replace my father, because a figure like his cannot be replaced, and there would be no point in trying. My role is to help ensure that what he built continues to grow and generate value through the people who lead and develop the company every day.”<img src="https://photo-assets.superyachttimes.com/photo/400421/image/large-e9c1b1f865b39b50291c37cd6dc865fe.jpg" data-gid="gid://syiq/Photo/400421">Speaking of his daughter’s transition into the role of Executive Vice President, President &amp; Founder Sergio Cutolo said: “Seeing Myriam take on this role is a source of great satisfaction for me, not only as founder but also as a father.”“What we are building together is an organisation capable of evolving while maintaining the same quality, reliability and passion that have guided us from the very beginning. That is the most important guarantee we can offer for <a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a>’s future.”

Hydro Tec appoints Myriam Cutolo as Executive Vice President

Hydro Tec has announced the appointment of Myriam Cutolo as Executive Vice President. 

The 33.4-metre <a data-gid="gid://syiq/Company/1419" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maxi Dolphin s.r.l. (Company)">Maxi Dolphin</a> sailing yacht <a data-gid="gid://syiq/Yacht/4965" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nomad IV33.4m (109'7&quot;)Maxi Dolphin s.r.l.2013">Nomad IV</a> has been sold in an in-house deal by <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>, with Tim Quinlan representing both the buyer and the seller. <a data-gid="gid://syiq/Company/1046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bernard Gallay Yacht Brokerage (Company)">Bernard Gallay</a> acted as co-central agent in the transaction.<img src="https://photo-assets.superyachttimes.com/photo/93393/image/large-c02dd8a74e0d60a19510edac53f69400.jpg" data-gid="gid://syiq/Photo/93393">Delivered in 2013 by Italian shipyard <a data-gid="gid://syiq/Company/1419" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maxi Dolphin s.r.l. (Company)">Maxi Dolphin</a>, <a data-gid="gid://syiq/Yacht/4965" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nomad IV33.4m (109'7&quot;)Maxi Dolphin s.r.l.2013">Nomad IV</a> was designed by <a data-gid="gid://syiq/Company/3022" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Finot-Conq Architectes Navals (Company)">Finot-Conq Architectes Navals</a>, who were responsible for both her exterior design and naval architecture.&nbsp;Constructed with a GRP hull and superstructure, the sailing yacht has a beam of 8.25-metres and an interior volume of 116 GT. Accommodation onboard <a data-gid="gid://syiq/Yacht/4965" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nomad IV33.4m (109'7&quot;)Maxi Dolphin s.r.l.2013">Nomad IV</a> is arranged for up to 12 guests, alongside dedicated quarters for four crew members, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/4965" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nomad IV33.4m (109'7&quot;)Maxi Dolphin s.r.l.2013">Nomad IV</a> is powered by a single <a data-gid="gid://syiq/Company/1741" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yanmar Co., Ltd. (Company)">Yanmar</a> engine, delivering a cruising speed of 11 knots.The new owner intends to cruise and race Nomad IV in various parts of the world over the coming years, says <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>.At the time of her sale,&nbsp;<a data-gid="gid://syiq/Yacht/4965" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nomad IV33.4m (109'7&quot;)Maxi Dolphin s.r.l.2013">Nomad IV</a> had a last known asking price of €4,900,000.

 33m Maxi Dolphin sailing yacht Nomad IV sold

The 33m Maxi Dolphin sailing yacht Nomad IV has been sold in an in-house deal by Ocean Independence with a last known asking price of €4,900,000.

33m Maxi Dolphin sailing yacht Nomad IV sold

Italian builder <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> has unveiled the first details of its 53-metre superyacht concept P53, developed by <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a>'s Research &amp; Development Department and <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Centro Stile. The concept inaugurates the shipyard's P-Fleet series, offering a contemporary interpretation of the historic Picchiotti brand, while remaining below 500 GT.<img src="https://photo-assets.superyachttimes.com/photo/400402/image/large-629a01f1b1d53068e2ffcc21ae4e1e9d.jpg" data-gid="gid://syiq/Photo/400402">The P53 represents the latest evolution of the brand, signalling a departure from its more classically inspired Gentleman Fleet. The yacht embodies a more architectural design language that prioritises openness and flexibility, redefining contemporary living on the water with spaces that adapt to the modern explorer.<img src="https://photo-assets.superyachttimes.com/photo/400401/image/large-2d914901251569fc76058ca561fd1aeb.jpg" data-gid="gid://syiq/Photo/400401">With a 10-metre beam, the vessel will be built with an aluminium hull and superstructure. According to the shipyard, the P53 has been conceived to combine generous onboard volumes with efficient operation, creating a yacht that balances privacy, comfort and long-range cruising.<img src="https://photo-assets.superyachttimes.com/photo/400403/image/large-36bcc075c51630f0cecd5cfd074ecf08.jpg" data-gid="gid://syiq/Photo/400403">Outside, P53 is defined by a near-plumb bow, a sweeping glazed superstructure and expansive dark glazing that seamlessly connect the decks. Spacious aft decks, uninterrupted walkaround side decks and generous lounge areas reinforce the yacht's emphasis on outdoor living, while a resort-style beach club with fold-down platforms extends into a waterside terrace, highlighting a swimming pool.<img src="https://photo-assets.superyachttimes.com/photo/400405/image/large-4a99c6acfa5d31b71e87d9f9800ad71f.jpg" data-gid="gid://syiq/Photo/400405">The relationship between the yacht and the sea is central to the concept. The beach club, folding terraces, generous glazing and continuity between the interior and exterior are intended to create what the shipyard describes as "a concrete, physical and daily experience".<img src="https://photo-assets.superyachttimes.com/photo/400407/image/large-df6f37ceff582b3ba3416646a1eb6694.png" data-gid="gid://syiq/Photo/400407">Inside, P53 embraces a warm, minimalist aesthetic of natural wood finishes, textured fabrics and sculptural furnishings with floor-to-ceiling windows letting in abundant natural. An open-plan main saloon revolves around a floating staircase, while the owner's suite benefits from direct access to a private courtyard-style terrace. <img src="https://photo-assets.superyachttimes.com/photo/400406/image/large-daa53d1228baa068e244354e309f4f7c.png" data-gid="gid://syiq/Photo/400406">Designed for adaptability, the P53’s living spaces are able to meet the changing needs of the owner. <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> has seamlessly integrated areas for wellness, entertainment and relaxation, allowing the yacht to effortlessly flow between being a private retreat and a vibrant social space.<img src="https://photo-assets.superyachttimes.com/photo/400404/image/large-8354e2677bb64acf4a596db00ac68776.png" data-gid="gid://syiq/Photo/400404">Staying under the 500 GT threshold was a conscious design choice. This enables P53 to offer generous interior volumes without sacrificing efficiency or ease of handling, all while certifying guests feel truly connected to the sea.<img src="https://photo-assets.superyachttimes.com/photo/400400/image/large-f8ca43db82233000306fc926c7ac9212.jpg" data-gid="gid://syiq/Photo/400400">With an interior volume of 499 GT, accommodation onboard is arranged for up to 12 guests across six staterooms, alongside quarters for 10 crew members across five quarters.In terms of performance, the P53 is projected to propel at a top speed of 18 knots and a cruising speed of 14 knots. At a speed of 10 knots, she is expected to offer a range of 4,000 nautical miles.

Picchiotti unveils 53m Picchiotti P53 yacht concept

Picchiotti has unveiled 53m superyacht concept Picchiotti P53, developed by The Italian Sea Group and Picchiotti Centro Stile. 

TISG unveils 53m Picchiotti P53 yacht concept

Norwegian maritime technology company <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> has announced an agreement to acquire the Swedish company <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> AB.<img src="https://photo-assets.superyachttimes.com/photo/400397/image/large-a892bdf50408f966fb7e7ca3fd29bc7f.jpg" data-gid="gid://syiq/Photo/400397"><a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> is a leading designer and manufacturer of integrated propulsion and electrical systems for the maritime market and has demonstrated strong growth and a profitable market position in recent years.“This acquisition is central in our growth plan and strengthens our ability to serve a broader range of customers and vessel segments,” explained Lisa Edvardsen Haugan, CEO of <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>.The financial details of the transaction are currently undisclosed, but the acquisition is priced at approximately the same EV/EBITDA level as the current pricing of <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> ASA.“<a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> complements our portfolio in a highly attractive way and together we will deliver greater value through a wider offering, stronger lifecycle support and shared expertise,” added Haugan.<a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> will operate as a separate brand and standalone business unit within <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>’s Propulsion &amp; Handling division, allowing <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg</a>’s customer focus and culture to be maintained. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/400398/image/large-ae759ecd6b2a91de8c3c0a944c475fb2.jpg" data-gid="gid://syiq/Photo/400398">“Joining forces with <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> is an exciting opportunity for <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>. Our businesses complement each other well, and together we can create new opportunities for our customers and employees,” commented Philip Chaabane, CEO of <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>.According to <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>, the acquisition will allow them to benefit from <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>’s strong entrepreneurial culture, lean operations and speed in execution. At the same time, Berg Propulsion will gain access to KM’s global scale, systems expertise and structured capabilities.“The transaction will unlock significant potential in the aftermarket,” explained Per Håvard Siljan Hjukse, EVP Propulsion &amp;. Handling at <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>. “We also see cross selling opportunities, such as our Energy &amp; Control products into <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>’s core segments, and Berg’s propeller systems into naval where KM has strong positions.”The combined propulsion portfolio will cover a full spectrum of technologies, including controllable pitch propellers and thrusters, hybrid and electrical propulsion systems and integrated vessel control solutions.In January 2026, <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> announced that the company was formally on track to become an independent company after shareholders of Kongsberg Gruppen approved the separation at a general meeting held on Thursday 22 January 2026.Read more: <a data-gid="gid://syiq/Article/65227" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime to become stand-alone company (2026-01-23 12:15:00 +0100)">Kongsberg Maritime to become stand-alone company</a><img src="https://photo-assets.superyachttimes.com/photo/400399/image/large-55d4fc3d28111400f5505de36c37d8d0.png" data-gid="gid://syiq/Photo/400399"><a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> operates across multiple maritime segments, supplying systems and solutions for offshore vessels, cruise ships, fishing vessels and naval platforms. The company is also a well-established supplier within the yacht and superyacht sector, where its integrated bridge systems, propulsion solutions and automation technologies are widely used.<a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> is a Swedish company that designs and manufactures controllable-pitch propellers for the marine industry. The company produces customised main propellers, azimuth thrusters, transverse thrusters and manoeuvre systems for various vessels including cargos, tugs and superyachts.&nbsp;

Kongsberg Maritime acquires Berg Propulsion

Norwegian maritime technology company Kongsberg Maritime has announced an agreement to acquire the Swedish company Berg Propulsion AB.

The 25.5-metre <a data-gid="gid://syiq/Company/8931" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Yachts (Company)">Delta Yachts</a> motor yacht <a data-gid="gid://syiq/Yacht/16862" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferro 7725.5m (83'8&quot;)Delta Yacht 2024">Ferro 77</a> is currently on the market with Pantelis Stathis and Adam Levine of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is an all-aluminium build that represents a rare opportunity to acquire a yacht that is both “technologically advanced and turnkey ready.”<img src="https://photo-assets.superyachttimes.com/photo/400271/image/large-042e416a0749ce23d26bfd1684f1f61f.jpg" data-gid="gid://syiq/Photo/400271">Delivered in 2024 by the Turkish shipyard, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features exterior design and naval architecture by <a data-gid="gid://syiq/Company/8931" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Yachts (Company)">Delta Yachts</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/8930" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FERKA Yacht Interior & Furniture (Company)">Ferka Yacht Interior &amp; Furniture</a>.<img src="https://photo-assets.superyachttimes.com/photo/400272/image/large-665cfddabcdbf43bcb7373c8c8725c19.jpg" data-gid="gid://syiq/Photo/400272">Constructed with an aluminium hull and superstructure, the <a data-gid="gid://syiq/Yacht/16862" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferro 7725.5m (83'8&quot;)Delta Yacht 2024">yacht Ferro 77 for sale</a> has a beam of 5.9-metres and a draft of 3.5-metres, allowing access to remote anchorages.<img src="https://photo-assets.superyachttimes.com/photo/400302/image/large-6d3043599779cd785d7f04425cfecd3e.jpg" data-gid="gid://syiq/Photo/400302">Outside, <a data-gid="gid://syiq/Yacht/16862" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferro 7725.5m (83'8&quot;)Delta Yacht 2024">Ferro 77</a> is defined by sleek lines and entertaining spaces across her spacious flybridge, making her ideal for both private use and charter operations. Aft, her deck features a hydraulic swim platform that grants effortless access to the water, while her bow offers dedicated areas for sunbathing and relaxation.<img src="https://photo-assets.superyachttimes.com/photo/400300/image/large-a5fd57a1f3a98a7a0589aae8263b3566.jpg" data-gid="gid://syiq/Photo/400300" 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/400303/image/large-6e9bbbd0baf0b3f97cd0bba14c1cc3eb.jpg" data-gid="gid://syiq/Photo/400303">Stepping inside, the <a data-gid="gid://syiq/Yacht/16862" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferro 7725.5m (83'8&quot;)Delta Yacht 2024">yacht Ferro 77 for sale</a> welcomes guests with a contemporary interior finished in a light and neutral palette, elevated by full-height glazing that bathes her living spaces with natural light.<img src="https://photo-assets.superyachttimes.com/photo/400290/image/large-5012de86bd386c51fa239bfaaca07f1a.jpg" data-gid="gid://syiq/Photo/400290"><img src="https://photo-assets.superyachttimes.com/photo/400298/image/large-1896711a5b580ca09d5f9090babe178c.jpg" data-gid="gid://syiq/Photo/400298">Spanning 120 GT, accommodation onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=delta-yacht" rel="noopener noreferrer" target="_blank" title="">Delta yacht for sale</a> is arranged for up to eight guests across four staterooms, including a full-beam owner's suite with a private entrance. Dedicated quarters are available for four crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/400299/image/large-360a0105e4be0726bec696c3df1c7d28.jpg" data-gid="gid://syiq/Photo/400299">In terms of propulsion, the <a data-gid="gid://syiq/Yacht/16862" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferro 7725.5m (83'8&quot;)Delta Yacht 2024">yacht Ferro 77 for sale</a> is powered by triple <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> engines, delivering a cruising speed of 15 knots and a top speed of 23 knots. Moreover, she is equipped with stabilisers for use underway and at anchor, while solar charging supports the yacht's battery systems.<img src="https://photo-assets.superyachttimes.com/photo/400274/image/large-f1786fa85709141d256c445e720e412e.jpg" data-gid="gid://syiq/Photo/400274"><img src="https://photo-assets.superyachttimes.com/photo/400273/image/large-21b92ff0095aabee27e5cb3087b92fb0.jpg" data-gid="gid://syiq/Photo/400273">All images provided courtesy of&nbsp;<a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

 26m Delta Yacht motor yacht Ferro 77 for sale

The 26m Delta Yacht motor yacht Ferro 77, an all-aluminium build is currently on the market with IYC. 

The 39.5-metre <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> motor yacht <a data-gid="gid://syiq/Yacht/492" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mrs Grey39.5m (129'7&quot;)Mangusta Yachts2005">Mrs Grey</a> ran aground off Palmanova beach on Sunday 12 July at dawn.<img src="https://photo-assets.superyachttimes.com/photo/400367/image/large-b7d594b18122e3247204866d8fae5ca2.jpg" data-gid="gid://syiq/Photo/400367">According to local news reports, the yacht remained trapped for over an hour until several towing maneuvers were performed and freed her at 06:41. <a data-gid="gid://syiq/Yacht/492" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mrs Grey39.5m (129'7&quot;)Mangusta Yachts2005">Mrs Grey</a> then left the area, with AIS showing she then cruised to El Toro.&nbsp;Launched in 2005 as part of the <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> 130 series, <a data-gid="gid://syiq/Yacht/492" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mrs Grey39.5m (129'7&quot;)Mangusta Yachts2005">Mrs Grey</a> features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, while her interior was penned by <a data-gid="gid://syiq/Company/2090" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luxury Projects (Company)">Luxury Projects</a>, with naval architecture by her builder <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/400368/image/large-fbe1b23554f87fee40103184abab8543.jpg" data-gid="gid://syiq/Photo/400368"><a data-gid="gid://syiq/Yacht/492" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mrs Grey39.5m (129'7&quot;)Mangusta Yachts2005">Mrs Grey</a> underwent a refit in 2010 during which her systems were updated, she also regularly visits the <a data-gid="gid://syiq/Company/4473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="STP Shipyard Palma (Company)">STP Shipyard Palma</a> refit facility for maintenance. Spanning 235 GT, <a data-gid="gid://syiq/Yacht/492" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mrs Grey39.5m (129'7&quot;)Mangusta Yachts2005">Mrs Grey</a> can sleep up to nine guests across a four stateroom configuration, as well as a crew of five in three cabins.&nbsp;In terms of performance, <a data-gid="gid://syiq/Yacht/492" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mrs Grey39.5m (129'7&quot;)Mangusta Yachts2005">Mrs Grey</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, which give her a cruising speed of 32 knots and a top speed of 35 knots. At the time of publication, <a data-gid="gid://syiq/Yacht/492" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mrs Grey39.5m (129'7&quot;)Mangusta Yachts2005">Mrs Grey</a> is showing a location of Formentera, Spain according to AIS.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/74030/image/large-4e55b39a4083f35949fb1b54013c3bd8.jpg" data-gid="gid://syiq/Photo/74030">

Mrs Grey: 40m Mangusta 130 yacht runs aground in Palmanova

The 39.5-metre Mangusta motor yacht Mrs Grey ran aground off Palmanova beach on Sunday 12 July at dawn.