In an era defined by lockdowns and social distancing, sales reports ran amok across the board. Traditional sale trajectories for most sectors have been thrown off course – but not so much for the yachting industry. Champagne has been flowing across the whole sector as the combined new and used yacht sales are on course to exceed the 1,100 mark, according to SuperYacht Times’ in-house intelligence system, <a href="https://superyachttimes.ac-page.com/homepage" rel="noopener noreferrer" target="_blank" title="">SYT iQ</a>. <img src="https://photo-assets.superyachttimes.com/photo/191444/image/large-7bcd74f2c377e7db1304a1e547c47eac.jpg" data-gid="gid://syiq/Photo/191444">To date, 1,072 used and new yachts in the 24-metres and above category have been sold. As we still have a few weeks left of the year, it’s highly likely the scales will be tipped to exceed the 1,100 mark. 334 yachts in the 24-metres and above category were sold new, while the remaining 738 yachts were sold used.<img src="https://photo-assets.superyachttimes.com/photo/109216/image/large-6852f0e552d06fb05d1c01fbd8d86af0.jpg" data-gid="gid://syiq/Photo/109216">The big driver of sales was the 24-30-metre category, with 420 yachts of this size sold this year. Interestingly, a lot of <a data-gid="gid://syiq/Article/54061" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Market: Who is driving the post-pandemic boom? (2021-11-22 15:00:00 +0100)">sales have been concentrated in the States</a>. While some of the most notable sales of the year were the 126.2-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/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Octopus126.2m (414'1&quot;)Lürssen Yachts2003">Octopus</a>, the 104.5-metre <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm &amp; Voss</a> superyacht <a data-gid="gid://syiq/Yacht/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Moura104.85m (343'12&quot;)Blohm & Voss GmbH1990">Lady Moura</a> and the 72-metre <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN Spa (Company)">CRN</a> superyacht Azteca, now renamed <a data-gid="gid://syiq/Yacht/337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arbema72.0m (236'3&quot;)CRN Spa2010">Arbema</a>. <img src="https://photo-assets.superyachttimes.com/photo/192623/image/large-899cf5b24fdaf721f286e62afdf9b4da.jpg" data-gid="gid://syiq/Photo/192623">There are a few reasons behind this trend, Merijn de Waard, Founder &amp; Director of SuperYacht Times explains. “First, because of the pandemic – people waited to buy yachts. Second, we are seeing that clients who would normally charter yachts are making the jump to ownership. We spoke to some clients, who want to treat their hard work by buying a new yacht to travel the world. They want some more fun instead of only focussing on work. Finally, there has been a wave of people entering the market saying, ‘now is a great time to buy a boat’.”<iframe width="640" height="360" src="https://www.youtube.com/embed/9lSGefi6z7w?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> Brokers have confirmed this too, with some reporting up to 20 percent of sales coming from buyers looking to purchase their first time. This influx of new people into the industry has also potentially <a data-gid="gid://syiq/Article/54008" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht brokerage & bitcoin: Is the trend here to stay? (2021-11-03 16:45:00 +0100)">spurred a change of buying habits</a>.&nbsp;“A lot of new money has been made during the pandemic, especially in the tech sector,” de Waard said. “This has led to a lot of younger people looking to enjoy their hard-earned cash in new ways. It’s usual for first-time buyers to look at smaller yachts, over time they often look to upgrade and go bigger. But there has also been a growing interest in larger yachts for these new owners. This is really great for our market because these new owners will probably buy a lot more yachts throughout their lifetimes and get their friends and business partners involved as well.”<iframe width="640" height="360" src="https://www.youtube.com/embed/aoUxGbhjO4o?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> Over the past few years yacht sales have been on a pretty steady trajectory. In 2018, 788 yachts in the above 24-metre category were sold. The sales figures for 2019 was about the same, with 771 in the same category sold. There was then an uptick in 2020, with sales reaching the 821 mark. This year though, sales have boomed and vastly exceeded expectations.<img src="https://photo-assets.superyachttimes.com/photo/212452/image/large-729a1f17a54798e861ad1ed45a829553.png" data-gid="gid://syiq/Photo/212452"><a data-gid="gid://syiq/Article/54008" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht brokerage & bitcoin: Is the trend here to stay? (2021-11-03 16:45:00 +0100)">Is the sales boom sustainable?</a> – is the question at the back of a lot of our minds. “Well, I’m not too sure yet,” de Waard previously responded. “I’m very optimistic and I definitely think yachts will keep selling, but there needs to be the product as well; there needs to be yachts for sale. And if we look at the number of new yachts coming on the market, it is less than the same time last year."

Yacht sales booming and expected to pass the 1100 mark

Octopus yacht cruising

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Benetti Oasis yacht Joy launch in Livorno 

Lady Moura yacht cruising

Arbema yacht cruising 

Champagne has been flowing across the whole sector as the combined new and used yacht sales are on course to exceed the 1,100 mark. 

Yacht sales booming and expected to pass the 1,100 mark before the New Year

NextBoat has announced a strategic partnership with <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, under which the US-based boating and yacht retailer will adopt <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s AI-powered wholesale platform for the sale of its trade-in and pre-owned inventory.<img src="https://photo-assets.superyachttimes.com/photo/390341/image/large-be765afb7248df37e9b507deb714d575.jpg" data-gid="gid://syiq/Photo/390341">The agreement marks the first time that an enterprise dealer group has adopted the platform as its preferred wholesale partner. Under the arrangement, pre-owned inventory will be evaluated, marketed and sold through <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s nationwide network of wholesale buyers.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates more than 120 locations worldwide and generated more than $2.3 billion in annual revenue. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> believes the partnership will increase transaction volumes across its platform while supporting the growth of its marketplace, data and financing businesses.According to the company, the platform is designed to modernise the wholesale and trade-in process through the use of artificial intelligence, real-time transaction data and a digital marketplace. Features include AI-powered vessel valuations, nationwide wholesale bidding, transaction management tools, automated workflows, inventory analytics and integrated financing and insurance solutions.As part of the agreement, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>'s finance and insurance division, Newcoast, will provide financing and insurance services for transactions originating through the platform. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> said this has the potential to generate recurring revenue through financing activity and insurance policy renewals as transaction volumes increase.“For 15 years, I've believed the marine industry deserved the same technology, transparency and scale that transformed automotive retail,” said Jason Ruegg, Founder and Executive Chairman of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>.&nbsp;“Today, the largest and most respected company in our industry has chosen to deploy the platform we built. We believe that validation speaks not only to what NextBoat has built, but to where this industry is headed.”Ruegg added that the agreement represents the beginning of the enterprise-scale deployment of the company's platform, with financing and insurance expected to become an increasingly important source of recurring revenue.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">In May 2026, it was announced that online marine marketplace <a data-gid="gid://syiq/Article/66120" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales to rebrand as NextBoat (2026-05-19 16:45:00 +0200)">Off The Hook Yacht Sales would officially rebrand</a> as <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> Inc, effective on or about 29 May 2026. The rebrand aimed to reflect the company’s evolution from a traditional yacht brokerage business, into an AI-powered technology platform.As well as this, <a data-gid="gid://syiq/Article/66089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts completes acquisition of Apex Marine Group (2026-05-14 16:30:00 +0200)">Off The Hook Yachts announced it had completed the acquisition</a> of marine, service and storage company, Apex Marine Group. Off The Hook Yachts believes that the Apex acquisition opens the door for additional partnerships, as it expands both its sales and service platforms.Kyle Langbehn, Executive Vice President and President of Retail Operations at <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, commented: “By integrating <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s advanced technology into our pre-owned retail platform, we believe we can improve efficiency while continuing to deliver exceptional service to our customers.”

NextBoat launches strategic partnership with MarineMax 

NextBoat has announced a partnership with MarineMax for the sale of its trade-in and pre-owned inventory using its AI-powered wholesale platform.

<a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> has announced the appointment of Niels Lensen as Sales Director, effective 1 July 2026.<img src="https://photo-assets.superyachttimes.com/photo/398953/image/large-abfc046002b73174bf9884b16561e472.jpg" data-gid="gid://syiq/Photo/398953">Bringing more than three decades of experience across the yachting industry, Niels Lensen will be responsible for all commercial activities at <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> and is the new primary point of contact for yacht refits, ReCrafts, or class surveys.Lensen has worked across the industry in brokerage, new construction, surveys, management, charter, maintenance and refit roles, both in the Netherlands and the Mediterranean.&nbsp;In 2015, Lensen founded <a data-gid="gid://syiq/Company/4837" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NL Marine (Company)">NL Marine</a>, a boutique brokerage house operating between the Netherlands and the French Côte d'Azur, as well as previously holding sales directorships for <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert</a> and <a data-gid="gid://syiq/Company/359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lengers Yachts (Company)">Lengers Yachts</a> France. <img src="https://photo-assets.superyachttimes.com/photo/398954/image/large-4595b189d7933b2c017c760f19863c4b.jpg" data-gid="gid://syiq/Photo/398954">“<a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> has long set the standard for serious refit and ReCraftTM work in the Netherlands, and I am honoured to be joining the team,” explained Lensen. “The craftsmanship, the facilities in Urk, the calibre of projects that come through the yard are a compelling combination. I very much look forward to working with clients who share that same passion for doing things properly.”ReCraftTM refers to <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a>’s registered trademark and reflects their expertise in transforming existing yachts through extensive refit, redesign and technical upgrades, allowing them to restore a yacht to a condition that they believe rivals or even surpasses new-build standards.Lensen will be available throughout the 2026 yacht show season alongside the <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> team at the <a data-gid="gid://syiq/Event/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2026">Cannes Yachting Festival</a>, <a data-gid="gid://syiq/Event/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2026">Monaco Yacht Show</a>, <a data-gid="gid://syiq/Event/346" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metstrade - 2026">Metstrade</a>, <a data-gid="gid://syiq/Event/340" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale International Boat Show - 2026">Fort Lauderdale International Boat Show</a> and <a data-gid="gid://syiq/Event/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2026">Palm Beach International Boat Show</a>.

Royal Balk Shipyard appoints Niels Lensen as Sales Director

Balk Shipyard has announced the appointment of Niels Lensen as Sales Director, effective 1 July 2026.

<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 (TISG)</a> has released an updated market disclosure outlining its financial position as of 31 May 2026, providing further insight into the Italian superyacht builder's ongoing restructuring process.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">The filing, published at the request of Italian financial regulator Consob, follows <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> entry into Italy's Negotiated Crisis Settlement procedure in March after the company disclosed internal financial irregularities. It comes weeks after the builder confirmed that accumulated losses had reduced its share capital below the statutory minimum required under Italian law.Read more:&nbsp;<a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a>As of 31 May 2026, the <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG Group</a> reported a consolidated net financial debt of around €178.7 million, including over €154.6 million in bank debt and cash and cash equivalents of approximately €7.5 million. The parent company, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG S.p.A</a>, reported a net financial debt of over €179.6 million.The disclosure also details €266.8 million in overdue liabilities across the group. This comprises over €42.6 million in overdue financial liabilities, over €77.6 million in trade payables, around €98 million owed to factoring companies, over €29.3 million in tax liabilities and over €18.1 million in social security liabilities.<img src="https://photo-assets.superyachttimes.com/photo/278854/image/large-10473eb6d3fdc1c0fbd3a7cdaa4e5d83.jpg" data-gid="gid://syiq/Photo/278854">According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, although the missed repayment of certain loan instalments entitles its lending banks to declare all outstanding borrowings immediately due, they have not exercised this right while negotiations continue under the court-supervised restructuring process.The company also revealed that it has received 30 payment orders from creditors since entering the restructuring procedure on 16 March, representing claims totalling approximately €2 million. Of these, 22 have been settled for an agreed amount of €408,000, while several others have either been challenged, are under negotiation or will be addressed as part of wider financial restructuring discussions.<img src="https://photo-assets.superyachttimes.com/photo/299411/image/large-fafd2b9bd13d4cf6c4cf377a2ccb8a27.png" data-gid="gid://syiq/Photo/299411">The filing confirms that <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> remains protected by measures granted by the Court of Florence on 20 April, which remain in force until 14 July 2026. The company said these measures continue to stay enforcement actions by creditors covered by the court order while negotiations with lenders and other stakeholders progress.Read more:&nbsp;<a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a>The update also provides further details on the €25 million interest-free shareholder loan granted by <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> controlling shareholder, GC Holding S.p.A. The company said the funding was introduced after cost overruns across the majority of its yacht construction contracts reduced operating margins and placed significant pressure on cash flow while production continued on vessels under construction.The shareholder loan is subordinated to the company's bank debt and is repayable by 31 December 2032.An Ordinary Shareholders' Meeting has been convened for 22 July 2026 to consider the company's financial position and the measures required to restore its share capital.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">Moreover, the company’s Board of Directors, which met on 30 June 2026, resolved to file a petition pursuant to Article 44 of Legislative Decree No. 14/2019 (the so-called “domanda prenotativa”), in order to access protective legal measures and safeguard business continuity.The decision follows recent developments in discussion with shipowners, which the company said no longer made it possible to pursue a turnaround solely within the framework of the negotiated settlement procedure. The filing, expected to take place immediately, will allow the company to operate under court protection while preparing a restructuring plan.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> owns the <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a>, <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>, <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> and <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brands, and continues to operate its new-build and refit businesses while the restructuring process remains ongoing.

The Italian Sea Group reports financial debt

The Italian Sea Group (TISG) has released an updated market disclosure outlining its financial position as of 31 May 2026.

TISG reports over €178 million net financial debt in latest restructuring update 

US-based boating and yacht retailer <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has completed the refinancing of its $1.49 billion senior secured credit facilities.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">The company has replaced its existing loans with a new financing package designed to lower borrowing costs, increase financial flexibility and extend the repayment deadline to June 2031.The refinancing includes a $950 million inventory financing facility, a $302.5 million term loan, a $150 million revolving credit facility, which replaces a $100 million facility and an $85 million delayed draw mortgage facility, of which $35 million is currently outstanding and replaces the previous $100 million facility.“This refinancing strengthens our financial position by lowering our borrowing costs, extending our maturity and providing additional liquidity to support the continued execution of our long-term strategy,” explained Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.The financings were led by M&amp;T Bank as Administrative Agent and Joint Lead Arranger, along with Wells Fargo Commercial Distribution Finance as Joint Lead Arranger and Floor Plan Agent.“Successfully completing this transaction on improved terms in today’s marine industry environment underscores the strength of our lender relationships and reflects the confidence they have in our operating performance, disciplined capital allocation, healthy balance sheet and management team,” concluded McLamb.&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">In May 2026</a>, Reuters reported that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> was preparing for a potential sale of the company. One potential buyer had raised its offer and one prominent private equity firm was conducting due diligence, with the <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> board of directors agreeing to move forward with a sale process.Read more:&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">MarineMax explores potential sale as Donerail raises its bid</a>Headquartered in Clearwater, Florida, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates 65 marinas and storage locations, alongside 70 dealerships, offering yachts for sale, as well as marine services through its acquisition of <a data-gid="gid://syiq/Company/2184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Island Global Yachting (Company)">Island Global Yachting (IGY)</a> in 2022, as well as <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.&nbsp;

MarineMax refinances $1.49 billion credit facilities

MarineMax has completed the refinancing of its $1.49 billion senior secured credit facilities.

MarineMax refinances $1.49 billion credit facilities, extending debt maturity to 2031

Spanish refit and repair specialist <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a> has announced the appointment of Enrique Tintore as its new Commercial Director.<img src="https://photo-assets.superyachttimes.com/photo/397920/image/large-eafb40a43f57108f116704f5b6a5a5fb.jpg" data-gid="gid://syiq/Photo/397920">Tintore joins the Palma-based shipyard with a background in Marine Engineering and Naval Architecture, bringing extensive technical expertise and experience within the international superyacht sector.Prior to joining <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a>, Tintore spent nearly a decade at <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>, where he was involved in the development and delivery of several innovative projects across the company's yacht portfolio, including the first Xplorer 60 yacht <a data-gid="gid://syiq/Yacht/11078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You60.2m (197'6&quot;)Damen Yachting2025">After You</a> and her YS53 yacht support <a data-gid="gid://syiq/Yacht/12677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emotional53.25m (174'8&quot;)Damen Yachting2025">Emotional</a>.&nbsp;Read more: <a data-gid="gid://syiq/Article/64071" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting completes double delivery with Xplorer 60 After You and YS53 Emotional (2025-08-21 11:30:00 +0200)">Damen Yachting completes double delivery with Xplorer 60 After You and YS53 Emotional</a><img src="https://photo-assets.superyachttimes.com/photo/333944/image/large-076b8d514006d5235b5d3cf442ea37e6.jpg" data-gid="gid://syiq/Photo/333944">In his new role, Tintore will support <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a>'s commercial activities and strategic development as the shipyard continues to expand its position within the global superyacht refit and maintenance market.Founded in 1942, <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a> is one of the Mediterranean's leading refit facilities, providing maintenance, repair and conversion services for superyachts and commercial vessels from its facilities in Palma de Mallorca.

Enrique Tintore appointed as Commercial Director at Astilleros de Mallorca

Astilleros de Mallorca has announced the appointment of Enrique Tintore as its new Commercial Director.

Astilleros de Mallorca appoints Enrique Tintore as Commercial Director

<a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata Group’s</a> 28-metre foiling yacht, <a data-gid="gid://syiq/YachtModel/17195" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler Ghost28.0m (91'10&quot;)">Ghost</a>, will be built at the company’s new Abu Dhabi headquarters and manufacturing facility. The expansion has been announced alongside a $20 million investment in advanced production technology.<img src="https://photo-assets.superyachttimes.com/photo/378710/image/large-1fe37a7ffb6584ffd857ab156ba7776b.jpg" data-gid="gid://syiq/Photo/378710">The UAE-based manufacturer said the waterfront site will strengthen its ability to test and manufacture next-generation products, including <a data-gid="gid://syiq/YachtModel/17195" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler Ghost28.0m (91'10&quot;)">Ghost</a>. She was unveiled at the Abu Dhabi International Boat Show last year and is scheduled for launch in 2029.Read: <a data-gid="gid://syiq/Article/64805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler unveils 28m foiling yacht concept Ghost (2025-11-20 14:30:00 +0100)">Foiler unveils 28m foiling yacht concept Ghost</a>Located along 200 metres of waterfront, the new complex will be equipped with high-precision robots, gantry systems, micron-accuracy machines, and metal 3D-printing technology, supporting <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata's</a> expansion into advanced marine, aerospace, and industrial manufacturing.<img src="https://photo-assets.superyachttimes.com/photo/378707/image/large-265679a4fb63b863fa0c56522f57ed7a.jpg" data-gid="gid://syiq/Photo/378707">The move follows the company’s strategic partnership with Ajyal Holding. <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata Group</a> CEO Aloïs Vieujot commented on the expansion: "We are very proud to be moving our headquarters to Abu Dhabi. This move will expand our capabilities and capacity, and reinforces our commitment to the UAE. It also reflects the resilience of the Emirates, demonstrated time and again.”One of the key features of the 100,000-square-metre complex will be dry dock and refit capabilities for yachts of up to 60-metres, alongside facilities for other vessel types. More than 20,000-square-metres will be dedicated to marine production.<img src="https://photo-assets.superyachttimes.com/photo/378709/image/large-fdd71e2c0e5a46f9e357291dae6c5c09.jpg" data-gid="gid://syiq/Photo/378709">Moreover, the site will also house <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata’s</a> engineering and R&amp;D facilities, as well as dedicated areas for composite manufacturing, machinery, aerospace production, automotive production, and a guest experience centre. An academy and dedicated incubator space also aims to support the UAE's industrial growth and innovation across <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata’s</a> core sectors.<img src="https://photo-assets.superyachttimes.com/photo/378706/image/large-900c80410be97019a0d30f4cc2d14b86.jpg" data-gid="gid://syiq/Photo/378706">“We will place strong emphasis on innovation and partnerships through our incubator and academy, which will open within the new site to accelerate growth in the aerospace and marine industries," Aloïs concluded.Construction of the complex is scheduled to begin in summer 2026, with completion expected in 2027.

Enata new Abu Dhabi complex

Enata Group's 28-metre foiling yacht, Ghost, will be built at the company's new Abu Dhabi headquarters and manufacturing facility.


28m foiling yacht Ghost to be built in Enata’s new Abu Dhabi facility

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. <img src="https://photo-assets.superyachttimes.com/photo/397066/image/large-cec8e87de7ad8613fc332951b5703d7a.jpg" data-gid="gid://syiq/Photo/397066">Last month, Czech investor KKCG Maritime submitted a request to the Italian government following Chinese shareholder Weichai Group’s decision to end CEO Alberto Galassi's 12-year tenure and replace him with Stassi Anastassov during the company’s Annual General Meeting held on 15 May 2026.Read more: <a data-gid="gid://syiq/Article/66099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions (2026-05-15 16:30:00 +0200)">Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions</a><img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. “The problem is not a fact-based problem,” explained Stassi Anastassov during a press briefing in Milan.“Nothing has really changed. I am as independent as the previous CEO was. I am totally happy if there is an investigation because there is nothing and we would support any fact-finding.”The Board of Directors appointed Anastassov, alongside Tan Ning as Chairman of the Board, Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer as minority shareholder representing Azùr a.s.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.Anastassov said the company has decided to shut down its small defence business in ⁠2024 on the basis of a unanimous decision of the previous board. “We are not actively selling anything sensitive today and there is no order intake.”

Ferretti Group denies breaching Italy’s golden power rules

Ferretti Group has rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. 

Ferretti Group denies allegations of breaching Italy’s golden power rules

The United States District Court for the Southern District of Florida has dismissed the entire complaint brought by Export Yacht Sales (Brill Maritime), which alleged that Boats Group illegally monopolised the US online boat-listing market through YachtWorld, Boat Trader and boats.com.<img src="https://photo-assets.superyachttimes.com/photo/355047/image/large-0bd8f332392990f5a08cac6ea37b81d1.jpg" data-gid="gid://syiq/Photo/355047">The lawsuit was filed on 14 August 2025, with Brill Maritime alleging that Boats Group controlled approximately 75 percent of the market for listing and marketing recreational boats and used subscription agreements that either bar or discourage brokers and dealers from listing vessels on rival platforms.Read more: <a data-gid="gid://syiq/Article/64073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="US boat dealers bring antitrust class action against Boats Group (2025-08-21 13:00:00 +0200)">US boat dealers bring antitrust class action against Boats Group</a><img src="https://photo-assets.superyachttimes.com/photo/355053/image/large-d4b378b0bbe9bf56a1926a2d570b4fd5.jpg" data-gid="gid://syiq/Photo/355053">According to Brill Maritime, competing platforms had been unable to achieve the scale or inventory to grow their services effectively, leaving brokers and dealers with limited options.The court found that Brill Maritime had plausibly alleged that the relevant market could be defined as an online boat listing and marketing service in the United States and that Boat Group may possess monopoly power in that market.&nbsp;Brill Maritime also alleged that Boat’s Group claimed 75 percent of the global share, reasonably supporting an inference that it has a dominant position in the US market. As a result of this, the judge did not dismiss the case because Boats Group lacks market power.However, the judge said that Brill Maritime had failed to show that Boats Group engaged in illegal anticompetitive conduct and under US antitrust law, being a monopoly is not illegal by itself.The court repeatedly emphasised that monopoly power is legal, but using that power through anticompetitive behaviour to exclude rivals is illegal.&nbsp;The judge found that Brill Maritime’s three main allegations were insufficient including that Boats Group became dominant by acquiring competitors such as YachtWorld.com, boats.com and YachtCloser.com.The judge said that acquiring competitors is not necessarily illegal and that Brill Maritime had not explained how these acquisitions had harmed competition. The complaint had described the acquisitions as “strategic” suggesting it was more of a successful business move than illegal conduct. The judge explained that Brill Maritime had shown that Boats Group bought competitors, but not that these acquisitions were unlawful. <img src="https://photo-assets.superyachttimes.com/photo/355039/image/large-513a0ee840e10e5371f647093bba58d9.jpg" data-gid="gid://syiq/Photo/355039">Brill Maritime also claimed that Boats Group's subscription agreements stoped brokers from listing boats elsewhere. The judge examined the contract language and concluded that the provision merely prevented brokers from implying that a YachtWorld or Boats Group listing originated somewhere else. He therefore concluded that you can advertise on YachtWorld and on other sites and the contract simply prevented you from pretending a Boats Group listing came from another platform, meaning the clause is not an exclusive dealing arrangement.Finally, Brill Maritime argued that Boats Group had dramatically increased its prices. The judge responded that high prices alone are not an antitrust violation. The court cited multiple precedents saying a legal monopolist is generally allowed to charge whatever prices it wants. To prove monopolisation, Brill Maritime needed to show that the higher prices resulted from illegal exclusionary conduct.In conclusion, the judge accepted that Boats Group may hold monopoly power in the US online boat-listing market, but ruled that the plaintiffs failed to show that Boats Group acquired or maintained that position through illegal anticompetitive conduct.United States District Judge, Roy K. Altman dismissed the complaint without prejudice, meaning the plaintiff is able to resubmit an amended complaint, with a deadline of 30 June 2026.&nbsp;The lawsuit also contained claims under Florida law, with the federal court declining to hear the state claims as the federal antitrust claims were dismissed. These were also dismissed without prejudice, allowing for them to also be refiled.&nbsp;SuperYacht Times will continue to follow this story and will provide updates where necessary.

US court dismisses antitrust lawsuit against Boats Group

The US District Court for the Southern District of Florida has dismissed the antitrust lawsuit brought by Export Yacht Sales against Boats Group.

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has denied rumours that they had a possible interest in acquiring <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 (TISG)</a>.<img src="https://photo-assets.superyachttimes.com/photo/397066/image/large-cec8e87de7ad8613fc332951b5703d7a.jpg" data-gid="gid://syiq/Photo/397066">According to the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, press articles had reported that they were in negotiations with <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> to acquire the entire share capital or the main assets. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> clarified that at present no negotiations to that effect are underway with <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> or its shareholders.“At the same time, as a leading player in the Italian yachting industry and in line with its external growth strategy, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> continuously evaluates and assesses potential opportunities that may arise in the market,” commented <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> closed their statement by confirming that if they were to proceed with any transactions, it would inform the market in compliance with terms and conditions required by law.In February 2026, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that Chairman Filippo Menchelli and Vice Chairman Marco Carniani had resigned, with Giovanni Costantino elected as Chairman of the Board of Directors.The following week, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> launched a forensic investigation into internal overspending and financial irregularities. KPMG was appointed to conduct an independent forensic due diligence review, as a result of the actions made possible by a group of individuals within <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>.&nbsp;Since then, the Court of Florence has granted protective measures restricting creditors from initiating or continuing enforcement actions against the company’s assets, including vessels currently under construction. Last week, these measures were partially lifted for five shipowners.Read more: <a data-gid="gid://syiq/Article/66308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Florence court lifts protective measures for five The Italian Sea Group yacht contracts (2026-06-11 10:00:00 +0200)">Florence court lifts protective measures for five The Italian Sea Group yacht contracts</a>The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> is not the only company that has denied acquisition rumours for TISG. In March 2026, German yacht builder <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> told SuperYacht Times that <a data-gid="gid://syiq/Article/65574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen not considering acquiring The Italian Sea Group (2026-03-09 14:00:00 +0100)">the company had not considered acquiring TISG</a>.&nbsp;

Ferretti Group denies The Italian Sea Group acquisition rumours

Italian yacht builder Ferretti Group has denied rumours that they had a possible interest in acquiring The Italian Sea Group (TISG).

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> has announced that the KKCG owned shareholder Azúr a.s. has initiated legal proceedings challenging the appointment of the new board of directors at the company's shareholders' meeting on 14 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">According to a statement released by <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> on 11 June, Azúr filed a writ of summons before the Court of Bologna on 9 June 2026 pursuant to Articles 2377 and 2378 of the Italian Civil Code.Azúr a.s. is a wholly owned part of KKCG’s global business, founded by Czech entrepreneur Karel Komárek. They bring together all of KKCG Maritime’s assets into a single entity and currently have a 23.23 percent stake in the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.&nbsp;Azúr is currently seeking nullity and/or annulment of resolutions concerning the appointment of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>'s new board of directors, the determination of the number of board members and the appointment of the company's board of statutory auditors.They have also requested interim relief from the court to suspend the effectiveness of those resolutions pending the outcome of the proceedings. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> have responded stating that they will take the necessary steps to defend its position.&nbsp;“<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, having taken note of the service of the writ of summons, will protect its rights and will seek appropriate legal advice to defend and will have the absolute correctness of its conduct ascertained before the competent Court.”<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirmed that its corporate bodies remain fully operational and continue to perform their respective duties and responsibilities. They also added that these legal proceedings have no impact on its business operations, customer relationships, commercial activities or strategic projects.The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect, following the company’s Annual General Meeting held on 15 May 2026.Read more:&nbsp;<a data-gid="gid://syiq/Article/66099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions (2026-05-15 16:30:00 +0200)">Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions</a><img src="https://photo-assets.superyachttimes.com/photo/386471/image/large-5864e3d980f30348ec76855095f57666.jpg" data-gid="gid://syiq/Photo/386471">The appointment was confirmed by the Board of Directors, which also reconfirmed Tan Ning as Chairman of the Board and the departure of Alberto Galassi. On 15 May, KKCG Maritime submitted a request to the Italian government to assess whether <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> had breached "golden power" rules designed to shield strategic assets.The matter will now be considered by the Court of Bologna, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> stating that it will keep shareholders informed of any material developments in accordance with applicable laws and regulations.

KKCG Maritime challenges Ferretti Group board appointments in court

Ferretti has announced that the KKCG owned shareholder Azúr has initiated legal proceedings challenging the appointment of the new board of directors.

Ferretti shareholder KKCG Maritime challenges board appointments in court

The 48.77-metre <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Hakvoort</a> motor yacht <a data-gid="gid://syiq/Yacht/31" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Maxine48.77m (160'0&quot;)Royal Hakvoort Shipyard2010">Lady Maxine</a> has been listed for sale with Ed Dickinson 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>. <img src="https://photo-assets.superyachttimes.com/photo/398835/image/large-09c9717f6d1caeadf74e325bc5c12016.jpeg" data-gid="gid://syiq/Photo/398835">Delivered in 2010 by the Dutch 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 by <a data-gid="gid://syiq/Company/42" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Glade Johnson Design, Inc. (Company)">Glade Johnson Design</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sinot Yacht Architecture & Design (Company)">Sinot Yacht Architecture &amp; Design</a>. Naval architecture was developed by <a data-gid="gid://syiq/Company/7" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Diana Yacht Design (Company)">Diana Yacht Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/398837/image/large-2c7461416c2302b55d8711be7917722e.jpeg" data-gid="gid://syiq/Photo/398837" 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; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/31" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Maxine48.77m (160'0&quot;)Royal Hakvoort Shipyard2010">Lady Maxine</a> has a beam of 9.15-metres and a draft of 2.94-metres. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> has benefitted from an extensive maintenance and refit history, including significant works finished in 2021, 2024 and most recently in 2026. Her latest refit included an interior refresh overseen by <a data-gid="gid://syiq/Company/926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sinot Yacht Architecture & Design (Company)">Sinot</a> alongside a full AV/IT upgrade.<img src="https://photo-assets.superyachttimes.com/photo/398836/image/large-279f21b63a4b04fbd23e10b535c73f72.jpeg" data-gid="gid://syiq/Photo/398836" 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;">In terms of outdoor living, the <a data-gid="gid://syiq/Yacht/31" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Maxine48.77m (160'0&quot;)Royal Hakvoort Shipyard2010">yacht Lady Maxine for sale</a> features a bridge deck complete with an extendable dining table seating up to 12 guests and a full-service bar, while additional lounge seating and a bar can be found on the main deck aft. Moreover, her sundeck is fitted with sliding glass windbreaks offering more spaces to relax, with forward lounge seating to enjoy the panoramic ocean views.<img src="https://photo-assets.superyachttimes.com/photo/398839/image/large-8bcd264a816240af762b9877363314ad.jpeg" data-gid="gid://syiq/Photo/398839">Stepping inside, <a data-gid="gid://syiq/Yacht/31" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Maxine48.77m (160'0&quot;)Royal Hakvoort Shipyard2010">Lady Maxine</a> presents a timeless interior characterised by stained Sapelli mahogany, gold-plated accents and intricate mirror inlays. Large windows bathe her main saloon with natural light, while a sculptural staircase and glass elevator connect the decks throughout. During her 2026 refit, her full-beam bridge deck lounge was redesigned to include informal seating, a piano and a games table.<img src="https://photo-assets.superyachttimes.com/photo/398838/image/large-28564635a5ac61b46aad81f693890db7.jpeg" data-gid="gid://syiq/Photo/398838">Stretching 703 GT, accommodation onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=hakvoort" rel="noopener noreferrer" target="_blank" title="">Hakvoort yacht for sale</a> is arranged for up to 14 guests across seven ensuite staterooms. This layout comprises a private owner's deck with direct access to the aft terrace, two VIP suites, a main-deck stateroom and four additional guest staterooms. Dedicated quarters sleep up to 11 crew members, including her captain.In terms of performance, the <a data-gid="gid://syiq/Yacht/31" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Maxine48.77m (160'0&quot;)Royal Hakvoort Shipyard2010">yacht&nbsp;Lady Maxine for sale</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 a cruising speed of 12.5 knots, a top speed of 13.2 knots. <img src="https://photo-assets.superyachttimes.com/photo/398834/image/large-c6e601e83c36aa7cbbc00b17f7ef9ffe.jpg" data-gid="gid://syiq/Photo/398834" 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; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);"> All images courtesy of&nbsp;<a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.

49m Hakvoort superyacht Lady Maxine for sale

The 49m Hakvoort superyacht Lady Maxine has been listed for sale with Northrop & Johnson. 

<a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine</a> has announced that the second hull in the 33.9-metre Overmarine <a data-gid="gid://syiq/Yacht/15625" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta GranSport 34/0233.9m (111'3&quot;)Mangusta Yachts2026">Mangusta GranSport 34</a> yacht series has been launched. She was sold in December 2025, with Turkish Mangusta Sales Representative Omer Balkan of <a data-gid="gid://syiq/Company/6922" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Btwo Marine (Company)">BTWO Marine</a> introducing the buyer.<img src="https://photo-assets.superyachttimes.com/photo/398952/image/large-899f1d8e2cfdadf9f2672438de1c4da5.jpg" data-gid="gid://syiq/Photo/398952">The second hull has been sold to an experienced Turkish owner who was attracted to the yacht’s seakeeping capabilities, flexible layout and balance between cruising enjoyment and onboard social life. Moreover, the yacht features interior and exterior design penned by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a> and <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine</a>, with naval architecture by her builder.The second <a data-gid="gid://syiq/Yacht/15625" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta GranSport 34/0233.9m (111'3&quot;)Mangusta Yachts2026">Mangusta GranSport 34</a> yacht was launched just over two months are unit one and stands out for her sportiness and streamlined profile. She has a particular focus on seamless continuity between her interior and exterior spaces.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/65864" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First Mangusta GranSport 34 yacht launched (2026-04-15 13:15:00 +0200)">First Mangusta GranSport 34 yacht launched</a><img src="https://photo-assets.superyachttimes.com/photo/398951/image/large-bf0369a4a32725009ce5c1e6d81dec7f.jpg" data-gid="gid://syiq/Photo/398951">The <a data-gid="gid://syiq/Yacht/15625" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta GranSport 34/0233.9m (111'3&quot;)Mangusta Yachts2026">Mangusta GranSport 34</a> yacht can sleep up to 12 guests across five well-appointed staterooms. Her layout comprises a 40 square-metre master stateroom located on the main deck. Meanwhile, two VIP suites and two guest suites are located on the lower deck.Propulsion-wise, the yacht is equipped with quadruple <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> 1,000 horsepower engines, paired with an IPS pod system. This provides her with a top speed of 24 knots and a cruising speed of 20 knots.&nbsp;This sale was secured in cooperation with Mangusta’s Sales Representative for Turkey Omer Balkan of company <a data-gid="gid://syiq/Company/6922" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Btwo Marine (Company)">BTWO Marine</a>.

Second Overmarine Mangusta GranSport 34 yacht launched

Overmarine has announced that the second hull in the 33.9-metre Overmarine Mangusta GranSport 34 yacht series has been launched.

The 82-metre <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm &amp; Voss</a> superyacht <a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> (also known as Kosatka)&nbsp;has been spotted on AIS after almost four years of not publicly broadcasting her position. Allegedly owned by the President of Russia, Vladimir Putin, <a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> was also seen cruising off the coast of Denmark, escorted by two Russian naval vessels and the Danish Navy patrol vessel P521 Freja. <img src="https://photo-assets.superyachttimes.com/photo/398945/image/large-993954e90f92b40713e0272be0bb9929.jpg" data-gid="gid://syiq/Photo/398945">Images from Frank Behling show <a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> crossing the Baltic Sea on 28 June before cruising through the Fehmarn Belt strait overnight and was later spotted passing the Danish island of Anholt, before heading towards Grenen, the northern tip of the Jutland peninsula.&nbsp;The Danish military officials told local news publication DR that they were monitoring the vessels passing through the country’s straits and that this procedure was routine, even for foreign state ships.&nbsp;<a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> was previously tracked by the German coast guard before she entered Danish waters on Sunday, accompanied by a Russian destroyer and a patrol ship. The yacht’s final destination has not been disclosed. <img src="https://photo-assets.superyachttimes.com/photo/398949/image/large-464f92f41048db2c3594e4a8b2b22223.png" data-gid="gid://syiq/Photo/398949"><h2>The history of the yacht Graceful</h2>Launched in 2014 by <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm &amp; Voss</a>, <a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> features interior and exterior design by <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2 Yacht Design</a>, with naval architecture by <a data-gid="gid://syiq/Company/448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AGAT Design Bureau (Company)">AGAT Design Bureau</a>. Originally started in 2006 by Sevmash in Russia, the yacht was moved to Germany in 2010 where <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm &amp; Voss</a> took over and she saw modifications.During her transport to Germany the yacht was towed around Norway to Hamburg, where the connection between the tug and the yacht’s hull broke close to the Lofoten Islands. The hull drifted onto a rock and ran ashore in Vesterålen, Northern Norway before she was transported to Germany.According to Frankfurter Allgemeine, to maintain the validity of her existing certificates, 50 tons of steel from the wreck was reused and her hull was lengthened by 12 metres, with additions from <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm &amp; Voss</a> such as a bulbous bow and part of her superstructure.<a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> can accommodate up to 12 guests across a six stateroom configuration, as well as sleeping a crew of 14. Key features onboard <a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> include a duplex master stateroom, as well as a substantial helicopter deck.&nbsp;<a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> is also equipped with a ‘one-of-a-kind’ relaxation and party area, which includes a 15x3-metre indoor pool with a moveable and backlit floor. The pool floor can be raised to create a dance floor, allowing the yacht to be converted into ‘party-mode’.<img src="https://photo-assets.superyachttimes.com/photo/398946/image/large-bfd3155f645c8018f6cea43c701e7008.jpg" data-gid="gid://syiq/Photo/398946"><h2>Who owns the yacht Graceful?</h2>Over the years, <a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> has often been linked to Vladimir Putin, despite the owner’s name not being listed in international registers. The yacht sails under the Russian flag and is managed under SCF Management Services of Cyprus, the same company which is listed as the yacht’s operator. This company is a subsidiary of the UAE entity SCF Management Services Dubai, which is owned by the Russian shipowner, operator and ship manager PAO Sovcomflot of St. Petersburg.According to a ship register based on her class society records, the most recent registered owning company is Argument JSC, a company registered in Russia, which has been listed since April 2021. Before that, O'Neil Assets Corp. was recorded as the registered owning company from the yacht's delivery.<img src="https://photo-assets.superyachttimes.com/photo/398947/image/large-f91e2d4071535501d36d08a40dcb524b.jpg" data-gid="gid://syiq/Photo/398947"><h2>The Russian-Ukrainian war of 2022</h2>In September 2021, <a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> arrived at the <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> Hamburg facility (former <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm &amp; Voss</a> site) for a refit. Here she saw the addition of two balconies which were added to her owner’s stateroom on the main deck, as well as some of her windscreens replaced and her stern platform extended.&nbsp;At 06:00 on Monday 7 February 2022, <a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> was seen leaving the Hamburg harbour, with tabloid Bild reporting that the yacht had been removed from German waters out of fear of confiscation under Western sanctions. Many publications allege that work on <a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> was incomplete and that the vessel had turned off her AIS (Automatic Identification Systems) when she departed.Two weeks later on the morning of 24 February 2022, Russia launched a full-scale invasion of Ukraine and began occupying more of the country, creating the biggest conflict in Europe since World War II.&nbsp;The yacht remained out of radar for AIS signals from 30 August 2022.<img src="https://photo-assets.superyachttimes.com/photo/398948/image/large-0fc69413eb21b942a0468e9a6dbeffd0.jpg" data-gid="gid://syiq/Photo/398948"><h2>Was the yacht Graceful renamed to Kosatka: The Killer Whale?</h2>In October 2022, Forbes published images of the yacht taken off the coast of Estonia, where she appeared to display the name Kosatka, which translates to 'Killer Whale' in Russian. The images were verified by Forbes to be from Carl Groll via <a href="http://theyachtphoto.com" target="_blank">TheYachtPhoto.com</a>, however, the name change was never conclusively confirmed through official ship registries and she still displays <a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a> on AIS.&nbsp;The new images of the yacht taken by Frank Behling do not clearly show her name, so it is unclear whether she is currently displaying the name Kosatka or <a data-gid="gid://syiq/Yacht/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kosatka82.0m (269'0&quot;)Blohm & Voss GmbH2014">Graceful</a>. However, the yacht can be seen with nets on her decks, possibly to prevent the attack of drones.&nbsp;

Graceful: 82m Putin-linked seen in Denmark waters

The 82-metre Blohm & Voss superyacht Graceful has been spotted on AIS after almost four years of not publicly broadcasting her position.

82m Putin-linked yacht Graceful reappears on AIS after almost four years

<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a> has announced the launch of the first 33.5-metre Nauta Air 110 yacht <a data-gid="gid://syiq/Yacht/13670" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ammonite33.07m (108'6&quot;)Cantiere delle Marche (CdM)2026">Ammonite</a> from its facilities in Ancona, Italy.<img src="https://photo-assets.superyachttimes.com/photo/398893/image/large-f119fa7e41cc3c950e5a91340c6a950f.png" data-gid="gid://syiq/Photo/398893">Developed in close collaboration with <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a> as part of the Nauta Air series, <a data-gid="gid://syiq/Yacht/13670" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ammonite33.07m (108'6&quot;)Cantiere delle Marche (CdM)2026">Ammonite</a> has been designed for experienced owners, Marcus and Caroline Blackmore. The explorer yacht combines timeless aesthetics with long-range cruising capabilities and is characterised by a clean and uncluttered design.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/59716" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 34m CdM Nauta Air 110 sold to an experienced Australian client (2024-02-12 17:30:00 +0100)">First 34m CdM Nauta Air 110 sold to an experienced Australian client</a><img src="https://photo-assets.superyachttimes.com/photo/398891/image/large-52c638c8d3be45fb1d8202af6b135690.png" data-gid="gid://syiq/Photo/398891">Composed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/13670" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ammonite33.07m (108'6&quot;)Cantiere delle Marche (CdM)2026">Ammonite</a> features both interior and exterior design by <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a>, with naval architecture and engineering penned by Hydro Tec.&nbsp;“We are particularly thrilled to announce the launch of this yacht because the owner of the Nauta Air 110 <a data-gid="gid://syiq/Yacht/13670" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ammonite33.07m (108'6&quot;)Cantiere delle Marche (CdM)2026">Ammonite</a> is Marcus Blackmore who, apart from being a visionary entrepreneur and benefactor, is a true sailor and explorer himself,” explained Vasco Buonpensiere, co-founder and CEO of <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a>.“Together with his wife, Caroline, he has spent decades competing at the highest levels of international sailing, racing and cruising aboard three <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> yachts, all bearing the name Ammonite.”<a data-gid="gid://syiq/Yacht/13670" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ammonite33.07m (108'6&quot;)Cantiere delle Marche (CdM)2026">Ammonite</a> was sold in February 2024, with construction beginning shortly after. In March 2025, the yacht was transported from Porto Marghera to <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a>’s facilities in Ancona where she entered outfitting.Read more: <a data-gid="gid://syiq/Article/62799" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 34m CdM Nauta Air 110 yacht moves to outfitting (2025-03-06 11:00:00 +0100)">First 34m CdM Nauta Air 110 yacht moves to outfitting</a><img src="https://photo-assets.superyachttimes.com/photo/398890/image/large-b31d6565e0b557189d1b8de1228f71af.png" data-gid="gid://syiq/Photo/398890">“Working with Marcus and Caroline Blackmore again has been particularly rewarding for us,” says Guido Valtorta, <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a> co-Director. “Over the years, we have developed a relationship based on a shared appreciation for timeless design, functionality, and a genuine passion for life at sea. Their extensive sailing experience and refined aesthetic sensibility always bring depth and purpose to the design process.”The Nauta Air 110 yacht is defined by expansive windows which flood her interior with plenty of natural light, while large indoor lounge areas can be found on both the main and upper deck, with dining areas located outdoors, on the upper deck aft and her spacious sun deck.“With the Nauta Air 110 <a data-gid="gid://syiq/Yacht/13670" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ammonite33.07m (108'6&quot;)Cantiere delle Marche (CdM)2026">Ammonite</a>, we wanted to preserve the spirit and elegance of the sailing yachts we designed for them while embracing the capabilities of a contemporary explorer yacht,” added Valtorta.The Nauta Air range places a strong emphasis on openness to create flowing environments and a seamless connection between indoor and outdoor spaces. A key element of this concept is her aft grand staircase, which acts as both an elegant transition between the yacht and the water and a defining feature of her design.“For the interiors, Marcus and Caroline provided very precise references. In general, they asked for spaces combining elegance with exceptional roominess,” commented Valtorta. “Elegance has been achieved through a warm, welcoming and fresh ‘beach house’ atmosphere, featuring natural materials, soft textures and understated detailing.”In terms of performance, <a data-gid="gid://syiq/Yacht/13670" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ammonite33.07m (108'6&quot;)Cantiere delle Marche (CdM)2026">Ammonite</a> is equipped with twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> C18 Acert engines, providing her with a range of above 4,000 nautical miles at 10 knots and a top speed of 13 knots.

Ammonite: First 34m Nauta Air 110 yacht launched

Cantiere delle Marche has announced the launch of the first 33.5-metre Nauta Air 110 yacht Ammonite from its facilities in Ancona, Italy.

First 34m Nauta Air 110 yacht Ammonite launched

The 29.6-metre <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> sailing yacht <a data-gid="gid://syiq/Yacht/8476" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alix 29.6m (97'1&quot;)Nautor Swan2021">Alix</a>&nbsp;has been sold. Matthew Lester of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> represented the buyer, while Thea Shaw of <a data-gid="gid://syiq/Company/4587" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan Brokerage (Company)">Nautor Swan Brokerage</a> and <a data-gid="gid://syiq/Person/8166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sean McCarter, United Kingdom (Person)">Sean McCarter</a> 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> jointly represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/258145/image/large-35c0bf8fd029f1d4101515c69742e1e0.jpg" data-gid="gid://syiq/Photo/258145">Delivered in 2021 by the Finnish shipyard <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>, <a data-gid="gid://syiq/Yacht/8476" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alix 29.6m (97'1&quot;)Nautor Swan2021">Alix</a> was formerly named Alix II and hails from the Swan 98 series. <a data-gid="gid://syiq/Company/171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Frers (Company)">German Frers</a> crafted her entirely, having developed her exterior design, interior design, and naval architecture.&nbsp;Constructed with a GRP hull and superstructure, <a data-gid="gid://syiq/Yacht/8476" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alix 29.6m (97'1&quot;)Nautor Swan2021">Alix</a> has a beam of 6.97-metres and a draft of 4.4-metres. Moreover, the sailing yacht most recently underwent a refit in 2024.Spanning 100 GT, accommodation onboard is arranged for up to six guests across well-appointed staterooms. Dedicated quarters provide accommodation for a crew of four, including her captain.In terms of propulsion, <a data-gid="gid://syiq/Yacht/8476" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alix 29.6m (97'1&quot;)Nautor Swan2021">Alix</a> is powered by a single <a data-gid="gid://syiq/Company/1483" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cummins Inc. (Company)">Cummins</a> engine, delivering a cruising speed of nine knots and a top speed of 11 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/8476" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alix 29.6m (97'1&quot;)Nautor Swan2021">Alix</a> had a last known asking price of €11,600,000.Image courtesy of <a data-gid="gid://syiq/Company/4587" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan Brokerage (Company)">Nautor Swan Brokerage</a>.

30m Nautor Swan sailing yacht Alix sold

The 30m Nautor Swan sailing yacht Alix has been sold with last known asking price of €11,600,000.

The worlds largest yacht support vessels

SuperYacht Times takes a look at the largest yacht support vessels that are currently in operation from across the globe.

The world’s largest yacht support vessels

The 49.98-metre motor yacht <a data-gid="gid://syiq/Yacht/14862" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oriy49.98m (163'12&quot;)Radez d.d. Shipyard2026">Oriy</a> has been launched by Croatian builder <a data-gid="gid://syiq/Company/5225" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Radez d.d. Shipyard (Company)">Radez d.d. Shipyard</a> and is now entering the final stages of completion ahead of her delivery. Previously known as Axa during construction, the yacht was <a data-gid="gid://syiq/Article/62506" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First details of the in-build 50m superyacht Axa (2025-01-28 12:45:00 +0100)">first revealed in January 2025</a>, followed by the unveiling of her interiors. The project was developed in a joint central agency partnership with <a data-gid="gid://syiq/Company/8908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Otium Yachts (Company)">Otium Yachts</a> and <a data-gid="gid://syiq/Company/8909" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CharterWorld (Company)">CharterWorld</a>.<img src="https://photo-assets.superyachttimes.com/photo/398820/image/large-cd648b6f0d8af5ddfea43bf3b3838922.jpg" data-gid="gid://syiq/Photo/398820">Read: <a data-gid="gid://syiq/Article/64512" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First Look: 50m in-build charter yacht Axa interiors unveiled (2025-10-15 16:00:00 +0200)">First Look: 50m in-build charter yacht Axa interiors unveiled</a>Built by Croatian shipyard <a data-gid="gid://syiq/Company/5225" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Radez d.d. Shipyard (Company)">Radez d.d. Shipyard</a>, <a data-gid="gid://syiq/Yacht/14862" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oriy49.98m (163'12&quot;)Radez d.d. Shipyard2026">Oriy</a> has been conceived as a luxury charter yacht under the direction of Croatian captain and yacht entrepreneur Ante Ercegović. She features exterior design by <a data-gid="gid://syiq/Company/7042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta d.o.o. (Company)">Nauta d.o.o</a>, while her naval architecture was developed by Ivana Peko of <a data-gid="gid://syiq/Company/8056" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Naval Design Solutions (Company)">Naval Design Solutions</a> in collaboration with Ercegović.Constructed with a steel hull and aluminium superstructure, the 499 GT motor yacht has a beam of 8.95-metres and a draft of 2.45-metres.<img src="https://photo-assets.superyachttimes.com/photo/398822/image/large-aa01f7d391b0254ff06cdd7ef3cc3f34.jpg" data-gid="gid://syiq/Photo/398822" 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; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Outdoor living is a highlight of <a data-gid="gid://syiq/Yacht/14862" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oriy49.98m (163'12&quot;)Radez d.d. Shipyard2026">Oriy</a>, centred around a spacious aft beach club and swimming pool, she features traditional Iroko wood decks. On her upper deck, a dining table seats up to 12 guests, alongside lounge seating for alfresco dining, while her sky lounge provides additional space for socialising.&nbsp;Her sundeck is perfect for soaking up the Mediterranean sun, offering a Jacuzzi, sunbathing areas, and barbecue facilities. For a complete wellness experience, guests also have access to a fully equipped gym and a private sauna.<img src="https://photo-assets.superyachttimes.com/photo/398818/image/large-02a27d3804ed5a4b5d97abb411649947.jpg" data-gid="gid://syiq/Photo/398818" 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;">Moreover, guests have access to an extensive collection of water toys, including Seabobs, e-foils, paddleboards, kayaks, Jet Skis, inflatables and two premium tenders.Stepping inside, the yacht reveals a refined contemporary aesthetic, featuring bespoke furnishings with a soft neutral palette and original artwork by Croatian artist Mirna Šisu.Accommodation onboard <a data-gid="gid://syiq/Yacht/14862" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oriy49.98m (163'12&quot;)Radez d.d. Shipyard2026">Oriy</a> is arranged for up to 12 guests, with a layout comprising six staterooms, including a main-deck owner's suite complete with a private balcony, office and ensuite bathroom. A full-beam VIP suite and four additional guest staterooms are located on the lower deck, while dedicated quarters sleep up to a crew of 12.<img src="https://photo-assets.superyachttimes.com/photo/398819/image/large-90f9e8574af5b9856e116a167321d176.jpg" data-gid="gid://syiq/Photo/398819" 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; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">In terms of propulsion, <a data-gid="gid://syiq/Yacht/14862" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oriy49.98m (163'12&quot;)Radez d.d. Shipyard2026">Oriy</a> 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, delivering a cruising speed of 12 knots and a top speed of 16 knots.Following her launch, <a data-gid="gid://syiq/Yacht/14862" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oriy49.98m (163'12&quot;)Radez d.d. Shipyard2026">Oriy</a> is expected to enter the Mediterranean charter market through Otium Yachts and CharterWorld, where she will be available for charter in Croatia, Montenegro and Greece, with her first charter guests expected onboard later this month.All images provided courtesy of&nbsp;<a data-gid="gid://syiq/Company/8908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Otium Yachts (Company)">Otium Yachts</a>.&nbsp;

50m superyacht Oriy launched 

The 50m superyacht Oriy has been launched by Croatian shipyard Radez d.d. Shipyard.

50m charter superyacht Oriy launched in Croatia

The 28.35-metre <a data-gid="gid://syiq/Company/1899" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Barattucci Yachts (Company)">Barattucci</a> motor yacht <a data-gid="gid://syiq/Yacht/17196" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mardiosa28.35m (93'0&quot;)Barattucci Yachts2003">Mardiosa</a> has been listed for sale with Graham Rutherford 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>.<img src="https://photo-assets.superyachttimes.com/photo/398817/image/large-24b56c64d17f438a6d264bd4ef122946.png" data-gid="gid://syiq/Photo/398817">Delivered in 2003 by the American 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> was formerly named Fun Runner. &nbsp;She was conceived entirely in-house by <a data-gid="gid://syiq/Company/1899" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Barattucci Yachts (Company)">Barattucci</a>, with the shipyard responsible for her naval architecture, exterior design, and interior design.<img src="https://photo-assets.superyachttimes.com/photo/398811/image/large-689b1a035640e8e544dd9d3ea4d103c0.jpg" data-gid="gid://syiq/Photo/398811">Constructed with a wooden hull and superstructure, she has a beam of 7.61-metres, and a draft of 1.65-metres. Between 2017 and 2019, <a data-gid="gid://syiq/Yacht/17196" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mardiosa28.35m (93'0&quot;)Barattucci Yachts2003">Mardiosa</a> underwent an extensive rebuild that included a hull extension and repaint, a flybridge extension, and the installation of new engines, generators, wiring and electronics, alongside refreshed soft furnishings and galley appliances.<img src="https://photo-assets.superyachttimes.com/photo/398812/image/large-f127a407e2205a961e705cecc7efdf6e.jpg" data-gid="gid://syiq/Photo/398812">In terms of outdoor living, the <a data-gid="gid://syiq/Yacht/17196" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mardiosa28.35m (93'0&quot;)Barattucci Yachts2003">yacht Mardiosa for sale</a> features a cockpit configured for sportfishing, while her California deck is fitted with a wooden table that could seat eight guests, alongside a bar, refrigerator, icemaker and a drop-down television. <img src="https://photo-assets.superyachttimes.com/photo/398813/image/large-5304092f6ffcfcb9001ae423745fede7.jpg" data-gid="gid://syiq/Photo/398813">Meanwhile, her new extended flybridge offers more space for entertainment, &nbsp;and is equipped with a storage that houses a 15-foot Zodiac tender and a 2,500-pound davit. Forward, her bow is arranged with sunpads, canopies and access to the Portuguese bridge.<img src="https://photo-assets.superyachttimes.com/photo/398808/image/large-879ac15097faffefd1d1e2bdc14b41e2.png" data-gid="gid://syiq/Photo/398808" 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/398814/image/large-7e8c4fffb29c875f9eaf9f6aaca5590d.jpg" data-gid="gid://syiq/Photo/398814">Stepping inside, the <a data-gid="gid://syiq/Yacht/17196" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mardiosa28.35m (93'0&quot;)Barattucci Yachts2003">yacht Mardiosa for sale</a> embraces an interior adorned with wood panelling, neutral furnishings and coastal-inspired accents. Her main saloon benefits from large windows that let in plenty of natural light, elevating her lounge seating, a formal dining area and a marble-topped bar.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/398815/image/large-7853afd2edd0b49ba3d56ae00a2a0a53.jpg" data-gid="gid://syiq/Photo/398815">At an interior volume of 136 GT, accommodation onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is arranged across four guest staterooms, including a full-beam owner's suite and a VIP stateroom. Her flexible crew accommodation can also be configured as a children's stateroom, while separate captain's quarters are situated behind the helm station.In terms of performance, <a data-gid="gid://syiq/Yacht/17196" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mardiosa28.35m (93'0&quot;)Barattucci Yachts2003">Mardiosa</a> is powered by twin <a data-gid="gid://syiq/Company/1483" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cummins Inc. (Company)">Cummins</a> engines, providing a cruising speed of nine knots and a top speed of 12 knots. <img src="https://photo-assets.superyachttimes.com/photo/398810/image/large-5ade74c6f807c3dad4f84af42559858a.jpeg" data-gid="gid://syiq/Photo/398810">

28m Barattucci motor yacht Mardiosa for sale

The 28m Barattucci motor yacht Mardiosa has been listed for sale with Northrop & Johnson, following an extensive rebuild.

Much has been said about the remarkable recovery of the superyacht market from the depths of the COVID-19 pandemic in 2020. To refer to the current state of the market as a mere recovery actually does not do justice to its situation. At the time of writing (mid-September 2021) the superyacht sales market was positively booming and it looked like new yacht sales over 30 metres would exceed the 200 mark for the full year 2021. <img src="https://photo-assets.superyachttimes.com/photo/191444/image/large-7bcd74f2c377e7db1304a1e547c47eac.jpg" data-gid="gid://syiq/Photo/191444">Similarly, used yacht sales over 30 metres looked set to exceed 300 yachts by a significant margin. The United States market played a significant part in the impressive performance of the used yacht sales market, pushed in particular by that amazing yachting hub, Florida. But how did U.S. used yacht sales compare to the Mediterranean and the rest of the world? &nbsp;Let’s take a look.Putting sales on the map &nbsp;About two years ago, the Intelligence team behind our SYT iQ intelligence system started to focus on tracking the location for each used yacht sale. Since the start of 2020, we have full coverage. This allows us to examine how many yachts are sold in each country. In the following graph, we plotted used yachts sold over 30 metres in the U.S. against those sold elsewhere. By doing so, we are aiming to see if there are any seasonal differences and if it is really true that sales in the U.S. powered the market’s quick recovery from Covid-19. &nbsp;<span style="font-size:11pt;font-family:'Open Sans',sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"><img src="https://lh6.googleusercontent.com/EgAp8Dku4Ct6PoU7T5jPZS8W547ckTNds2mk0WEChXIYAWIPrCq38VAjfmf97Yrq85khJbFl5_dzSLGWt1uV-sA6G-AP0RKzQELCUylS4uzIh6qELmYRNP6P6rOV8E_cbC99e6g1" width="624" height="351" style="margin-left:-5px;margin-top:0px;">Used yacht sales 30m+ by region and number of yachts Q1 2020 - Q3 2021 &nbsp;What the graph shows us is that in the first quarter of 2020, when Covid-19 had yet to reach its full impact, used yacht sales were spread quite evenly over the main yachting regions and the rest of the world. Then, in the second quarter, the US market recovered quicker than the Mediterranean market, which only really came back in force in the third quarter of 2020.<img src="https://photo-assets.superyachttimes.com/photo/197536/image/large-5cb56e87b11e68ef26c08677384b72d3.jpg" data-gid="gid://syiq/Photo/197536">However, during the European winter, which is Florida’s traditional strong season, sales in the US outpaced those in Southern Europe. In the second quarter of 2021, the run-up to the European Summer season, used yacht sales in the Med came out on top, and as of mid-September 2021, this remained the case. So, if we add up the numbers for the time period covered in the graph, the Mediterranean region actually comes out on top in terms of used yacht sales over 30 metres.Does the picture change if we shift our focus from numbers of yachts to their value or size? Not really. The ranking remains the same if we look at the total length of used yachts sold over 30 metres, as the average used yacht sold in the US measures about 38.3 metres over the measurement period, compared to 41.4 metres in the Med and 44 metres in the rest of the world. So the differences there are quite small and do not have an impact as the differences in numbers of yachts sold are bigger. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/171180/image/large-15594464978edf7445eef308a569e62f.jpg" data-gid="gid://syiq/Photo/171180">Finally, if we look at the total value of yachts sold (based on last known asking prices) the result is an even clearer ‘win’ for the Mediterranean region. &nbsp;Total value of used yachts sold 30m+ at known asking prices, Q1 2020 - Q3 2021&nbsp;&nbsp;<ul><li>Mediterranean &nbsp;€ 3.1 billion &nbsp;</li><li>United States &nbsp;€2.0 billion &nbsp;</li><li>Rest of the World &nbsp;€800 million &nbsp; </li></ul><img src="https://photo-assets.superyachttimes.com/photo/204188/image/large-fe965ea51de9738bbcfc46463287e3b1.png" data-gid="gid://syiq/Photo/204188">Does this result in any way diminish the achievements of the used yacht market in the United States since early 2020? Absolutely not, as the Mediterranean region is vast, while the overwhelming majority of used superyacht sales in the United States take place in just one state: Florida. &nbsp; This article was originally published in&nbsp;<a href="https://sya.superyachttimes.com/news/superyacht-times-newspaper-issue-39" target="_blank">Issue 39 of SuperYacht Times newspaper</a>. To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper, <a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

The post-pandemic boom in superyacht sales

SYT’s Head of Intelligence Ralph Dazert tracks international superyacht sales in 2021.

Market: Who is driving the post-pandemic boom?  

Will bitcoin supersede more traditional payments methods in the near future? Is a question gurgling away at the back of a lot of industry leaders’ minds. How quickly it will gain traction, if at all, in the superyacht industry is another question.&nbsp;As rags-to-riches stories continue to circulate of those investing in cryptocurrency, skeptical interest remains relatively high. The narrative is pretty constant as digital traders flirt between coin to coin, reaping rewards or cashing out too early. The stories no longer have that semblance of a naughty little secret, or the undertones of being a passing fad. Cryptocurrencies are proving time and time again that they’re here to stay – and, perhaps, are the future. <img src="https://photo-assets.superyachttimes.com/photo/203386/image/large-008879dc2970c1ecf257e8564ab5a289.png" data-gid="gid://syiq/Photo/203386">This year has been one for the records with El Salvador declaring bitcoin as legal tender, sparking celebrations and outrage throughout the country, the reverberations of which have been felt around the world and shocked the exchange. We are on the cusp of another big motion too, as Mastercard has just announced that any one of its million users can start integrating cryptocurrency into their products very soon. This could potentially be huge and cause a cascade of new users. At the very least it may instill trust for some edging on the side of caution.The gunslinging days of the digital wild west have eclipsed and many safeguards have been put in place to ensure transactions are not only secure but, importantly, legal. Brokers and realtors are one such safeguard and conduct what is known as a KYC (Know Your Client), to ensure that a client has procured the cash for their property through legal channels. The burden of blame is heavy on the brokers’ shoulders, so every background check is thoroughly investigated. <img src="https://photo-assets.superyachttimes.com/photo/203384/image/large-9728c4b9d246a138790b2909efb72871.png" data-gid="gid://syiq/Photo/203384">In our industry, there has been a steady crypto-beat pulsing through &nbsp;brokerages for some time now. It’s gentle, but it’s definitely there. As of yet, most brokers haven’t got the infrastructure, or the willingness, to accept the currency; however, many are happy to facilitate wallet-to-wallet payments between seller and buyer when a yacht passes hands. The list is pretty extensive, in fact and includes some very special boats. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/203381/image/large-349ba76368acd87f9a06a74fb16e6e32.png" data-gid="gid://syiq/Photo/203381">The largest yacht to be available for purchase through cryptocurrency is <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN Spa (Company)">CRN</a>’s 72-metre <a data-gid="gid://syiq/Yacht/337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azteca72.0m (236'3&quot;)CRN Spa2010">Azteca</a>, which has become somewhat of a media sensation. It’s not surprising either, as <a data-gid="gid://syiq/Yacht/337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azteca72.0m (236'3&quot;)CRN Spa2010">Azteca</a> is a superyacht valued at over $70 million – when this sale is confirmed it will be a milestone event in both the marine sector and in the crypto community. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/206933/image/large-798516cd9b05364adad485e2ad709d51.jpg" data-gid="gid://syiq/Photo/206933">Cryptocurrency is rearing its head in the world of new builds too – well, gently surfacing could be more appropriate, so as not to sound too hyperbolic! The yacht in question is <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon Yachts</a>’ FD80 Skyline which pays tribute to her owner’s success and passion trading bitcoin. <a data-gid="gid://syiq/Yacht/11007" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Parabolic24.54m (80'6&quot;)Horizon Yachts2021">Parabolic</a>, as she’s named, hasn’t been purchased using the currency, but is an ode to the multiple sale waves that the owner’s capitalised on. To really stamp his love of bitcoin, the emblem takes pride and place at the heart of her name, nestled between the “a” and “o” of <a data-gid="gid://syiq/Yacht/11007" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Parabolic24.54m (80'6&quot;)Horizon Yachts2021">Parabolic</a>. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/206923/image/large-c7b8cf7a171af6cb5423997a51c521c4.jpg" data-gid="gid://syiq/Photo/206923">There is one brokerage that has had its finger firmly on this crypto-pulse though: <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a>. <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison</a> is a pioneer in the industry and has been accepting bitcoin as payment for seven years now. To date, <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison</a> has sold 17 yachts through bitcoin and expects to bring this to a round figure of 20 sales before the year is through. This lineup includes several in the above 30-metre category, exceeding $10 million in value. <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison</a> also has eight bitcoin miners in-house, to further centralise its position within the crypto community.<img src="https://photo-assets.superyachttimes.com/photo/210670/image/large-a4ecddde47d5c68d605bd010a4321db8.jpg" data-gid="gid://syiq/Photo/210670">If we widen the lens and consider other luxury sectors, we can see a similar trend of dealerships tentatively welcoming cryptocurrency. Tilman Fertitta, a prominent leader in luxury auto sales, told CNBC earlier this year that his firm has sold 17 cars with bitcoin. The lineup of sales include those for Bentleys, Rolls Royces and Teslas. The latter of which has been wreaking havoc with crypto rates, as Elon Musk has announced, redacted and announced again plans to accept cryptocurrency directly for the sale of Teslas.By and large in the realms of real estate the trajectory is, again, much the same. This could change soon though as the digital infrastructure is not only fully capable to facilitate some big proposals in the pipeline, but is proving unparalleled in speed – both in terms of transfer and in establishing “smart contracts” that allow parties to secure all information without the intervention of third parties.&nbsp;Residents of Miami may soon start seeing the bitcoin emblem on their property tax bills, as the Mayor of the area has proposed a plan to allow people to pay property taxes or city fees with cryptocurrency. Forbes reported the story, and pegged the announcement to the $28 million sale of a Miami penthouse that was sold entirely in cryptocurrency – the most most expensive cryptocurrency real estate transaction in the US to date. Forbes asked a similar question: is crypto the future? <img src="https://photo-assets.superyachttimes.com/photo/178717/image/large-295390de6304c9730e6c213483f48429.png" data-gid="gid://syiq/Photo/178717">If we consider that 55.8 percent of the 2,604 billionaires in the world are self made – as reported by Wealth-X –, and that in today’s market the tech sectors are ripe for profiteering, then the answer is probably yes. The golden age of data and digital innovations has lined the pockets of many and provided opportunities for new skills to thrive and new faces to reap great capital rewards.A brief conversation with most yacht brokers will testify this too, as reports of anywhere up to 20 percent of sales are from new owners buying for the first time. Of course, it’s a jump to correlate a growing interest in yachting exclusively to new money, as this is certainly not the case. New money has just allowed more people access to the industry.&nbsp;So, are we heading for a crypto future? It seems we are on that track, and with the likes of Mastercard, El Salvador and some momentous bitcoin milestones, its incorporation is likely to go through a period of acceleration.&nbsp;

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Yacht sales booming and expected to pass the 1,100 mark before the New Year