With 2022 nearly a wrap, <a href="https://superyachttimes.ac-page.com/homepage" rel="noopener noreferrer" target="_blank" title="">SYT iQ</a> has taken a look back at the sales figures for the year – and rather than comparing them to pre-pandemic levels, we’ve done a year-on-year comparison to 2021 – and the figures are surprising. <img src="https://photo-assets.superyachttimes.com/photo/241340/image/large-9d572f9bc938600c848018ec5b0dd2ce.jpg" data-gid="gid://syiq/Photo/241340">Straight off the bat, it needs to be noted that there were nearly 200 fewer transactions closed this year than there were during the pandemic-induced boom in 2021. Last year brokers all around the world sold 456 used motor yachts and 37 used sailing yachts of 30 metres or more – it wasn’t just a record-breaking year, it saw close to 200 yachts added onto the annual average. Taking a preliminary look at 2022, sales have rebalanced to the pre-pandemic average of 2020, 2019 and 2018.<img src="https://photo-assets.superyachttimes.com/photo/251856/image/large-410e40346f783f7035d9d5ff70506a73.png" data-gid="gid://syiq/Photo/251856">Thus far in 2022, more than 300 used yachts of 30 metres and longer have been sold; interestingly, the average last known asking price of the yachts sold this year surpassed 2021 by more than €2 million. So even though fewer yachts have been sold this year, on average the price of these used yachts is more expensive than in 2021, which might point to a further tightening of the brokerage market. Last year the average last asking price was just over €11 million for yachts, which has jumped to €13.1m this year. Notably, there was a significant 10 percent decrease in the amount of days yachts spent on the market this year.<img src="https://photo-assets.superyachttimes.com/photo/252041/image/large-4f26eb68021633d583101adf5fa1c345.png" data-gid="gid://syiq/Photo/252041">In keeping with the used sales market trend, there was a substantial decrease in new orders this year compared to 2021. Last year a total of 312 new contracts over 30-metres were signed, 57 percent of which were between the 30 to 40 metre category and 5 percent in the 80 metre and above segment. This year, however, 202 new orders were signed; 51 percent were in the 30 to 40 metre category and 6 percent in the 80 metre and above.<img src="https://photo-assets.superyachttimes.com/photo/205414/image/large-41db81b83d07fd6570ab426267a5c782.jpg" data-gid="gid://syiq/Photo/205414">We also witnessed an unexpected sale this year, which was the result of the war in Ukraine and the subsequent blacklist placed on a collection of Russian oligarchs with direct links to the Kremlin. This sale was the 72-metre <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a>-built superyacht <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> which sold at auction in Gibraltar for $37,500,000 in September. A number of other superyachts have been arrested around the world, which could still potentially be put under the hammer.&nbsp;What differentiated <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> from the other arrested Russian-owned superyachts is that her owner unlawfully took out a loan with JPMorgan Chase &amp; Co as the sole shareholder of Pyrene Investments. As the yacht's owner was on the sanction list his assets were frozen and it was illegal for the bank to accept any repayments from him. With his superyacht <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> seized in Gibraltar, JPMorgan Chase &amp; Co. pursued an opportunity to see a return on their investment.<img src="https://photo-assets.superyachttimes.com/photo/212643/image/large-ba2f96ab9f3c28bcf8c37fcf05a94801.jpg" data-gid="gid://syiq/Photo/212643">2022’s largest superyacht sales<img src="https://photo-assets.superyachttimes.com/photo/180704/image/large-c94b3cec22cf92d183a5b4fe2eeae44b.jpg" data-gid="gid://syiq/Photo/180704">&nbsp;<a data-gid="gid://syiq/Yacht/5626" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Golden Odyssey123.2m (404'2&quot;)Lürssen Yachts2015">Golden Odyssey</a>&nbsp;| <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> | 123m | 7,690 GT | 2015 | Unknown&nbsp;<a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>’s 123.2-metre superyacht <a data-gid="gid://syiq/Yacht/5626" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Golden Odyssey123.2m (404'2&quot;)Lürssen Yachts2015">Golden Odyssey</a> was sold in Malta last October. The sale of <a data-gid="gid://syiq/Yacht/5626" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Golden Odyssey123.2m (404'2&quot;)Lürssen Yachts2015">Golden Odyssey</a> was forced by legislative action, following a number of missed loan repayments that resulted in her seizure. According to local reports, Justice Spiteri Bailey approved the private sale of the vessel for €150 million, but her last known asking price is unknown. This is the first time <a data-gid="gid://syiq/Yacht/5626" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Golden Odyssey123.2m (404'2&quot;)Lürssen Yachts2015">Golden Odyssey</a> has been sold since commissioned. <img src="https://photo-assets.superyachttimes.com/photo/222503/image/large-c9eb7eaa8cc9d69fd296f1e99a5af940.jpg" data-gid="gid://syiq/Photo/222503"><a data-gid="gid://syiq/Yacht/865" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Carinthia VII97.2m (318'11&quot;)Lürssen Yachts2002">Carinthia VII</a>&nbsp;| <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> | 97m |3,643 GT | 2002 | €95mThe 97.2-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/865" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Carinthia VII97.2m (318'11&quot;)Lürssen Yachts2002">Carinthia VII</a> sold in a deal with Ralph de Joode of <a data-gid="gid://syiq/Company/4530" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RYacht Management (Company)">RYacht Management</a> representing the buyer and Antoine Larricq and Stuart Larsen of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> acting as the seller’s representative. <a data-gid="gid://syiq/Yacht/865" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Carinthia VII97.2m (318'11&quot;)Lürssen Yachts2002">Carinthia VII</a> was scheduled to be presented at the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2022">2022 Monaco Yacht Show</a>; however, the buyer accepted the yacht just two days before the event. <a data-gid="gid://syiq/Yacht/865" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Carinthia VII97.2m (318'11&quot;)Lürssen Yachts2002">Carinthia VII</a> was commissioned by the Austrian philanthropist Heidi Horten and remained part of her estate for two decades. Her new owner has expressed interest in placing the <a data-gid="gid://syiq/Company/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tim Heywood Design Ltd. (Company)">Tim Heywood</a>-designed superyacht on the charter market.<img src="https://photo-assets.superyachttimes.com/photo/183766/image/large-9a80f4f7d81c52aeef4a3b270f275883.jpg" data-gid="gid://syiq/Photo/183766"> Palladium&nbsp;|&nbsp;<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>&nbsp;| 95m | 4,447 GT | 2010 | Unknown<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>’ 95.15 superyacht <a data-gid="gid://syiq/Yacht/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AV95.15m (312'2&quot;)Blohm & Voss GmbH2010">AV</a> (ex. Palladium) was sold in the midst of a glorious Mediterranean summer, after being listed on the market for less than a year. Until her sale, <a data-gid="gid://syiq/Yacht/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AV95.15m (312'2&quot;)Blohm & Voss GmbH2010">AV</a> had enjoyed life with a single owner. <a data-gid="gid://syiq/Company/322" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merle Wood & Associates, Inc. (Company)">Merle Wood &amp; Associates</a> introduced the buyer, while Richard Higgins of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> represented the seller. &nbsp; <img src="https://photo-assets.superyachttimes.com/photo/239160/image/large-e334894fa9cc7da8636e361077147281.jpg" data-gid="gid://syiq/Photo/239160"><a data-gid="gid://syiq/Yacht/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatoosh92.42m (303'3&quot;)Nobiskrug2000">Tatoosh</a>&nbsp;|&nbsp;<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a>&nbsp;| 92m | 3,229 GT | 2000 | €90mThe 92.42-metre <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> superyacht <a data-gid="gid://syiq/Yacht/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatoosh92.42m (303'3&quot;)Nobiskrug2000">Tatoosh</a> was sold in November after being on the market for nearly two years. Dominic Millman of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> introduced the buyer, while Matt Emerson of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> and Stuart Larsen of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> co-represented the seller. <a data-gid="gid://syiq/Yacht/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatoosh92.42m (303'3&quot;)Nobiskrug2000">Tatoosh</a> has passed hands twice, and Stuart Larsen was involved in both negotiations. This sale marked the departure from the Paul Allen estate, which <a data-gid="gid://syiq/Yacht/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatoosh92.42m (303'3&quot;)Nobiskrug2000">Tatoosh</a> was part of for the past two decades. <img src="https://photo-assets.superyachttimes.com/photo/222502/image/large-cbd36bd892fbf7e0b0b4957d03cac402.jpg" data-gid="gid://syiq/Photo/222502"><a data-gid="gid://syiq/Yacht/4794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cloud 988.5m (290'4&quot;)Oceanco2015">Cloud 9</a>&nbsp;|&nbsp;<a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>&nbsp;| 89m | 2,914 GT | 2015 | Unknown&nbsp;The largest Dutch superyacht sold in 2022 was <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>’s 88.5-metre Cloud 9 (ex. Infinity), which was signed for in May. <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> introduced the buyer and co-represented the seller with <a data-gid="gid://syiq/Company/259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Y.CO (Company)">Y.CO</a> during this off-market deal. This was the first time <a data-gid="gid://syiq/Yacht/4794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cloud 988.5m (290'4&quot;)Oceanco2015">Cloud 9</a> has changed ownership since her delivery.<img src="https://photo-assets.superyachttimes.com/photo/212643/image/large-ba2f96ab9f3c28bcf8c37fcf05a94801.jpg" data-gid="gid://syiq/Photo/212643">2022’s largest sailing yacht sales <img src="https://photo-assets.superyachttimes.com/photo/219452/image/large-9947d6ce0139a2f3b39df63eda85e516.jpg" data-gid="gid://syiq/Photo/219452"><a data-gid="gid://syiq/Yacht/385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maltese Falcon88.0m (288'9&quot;)Perini Navi2006">Maltese Falcon</a>&nbsp;|&nbsp;<a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a>&nbsp;| 88m | 1,110 GT | 2006 | Unknown&nbsp;<a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a>’s flagship superyacht <a data-gid="gid://syiq/Yacht/385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maltese Falcon88.0m (288'9&quot;)Perini Navi2006">Maltese Falcon</a> was sold off-market during the first quarter of the year, and neither her selling nor buying broker are known. This is the third time <a data-gid="gid://syiq/Yacht/385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maltese Falcon88.0m (288'9&quot;)Perini Navi2006">Maltese Falcon</a> has entered new ownership. The superyacht is currently drydocked at the <a data-gid="gid://syiq/Company/895" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusben Shipyard (Company)">Lusben Shipyard</a> in Italy, undertaking an extensive refit that will be completed in April 2023, ready for a charter with <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> in time for the Mediterranean season.<img src="https://photo-assets.superyachttimes.com/photo/234022/image/large-d9bddc9f6b48c1342237678534a4696d.png" data-gid="gid://syiq/Photo/234022"><a data-gid="gid://syiq/Yacht/796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Twizzle57.5m (188'8&quot;)Royal Huisman Shipyard BV2010">Twizzle</a>&nbsp;|&nbsp;<a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman Shipyard BV (Company)">Royal Huisman</a>&nbsp;| 58m | 496 GT | 2010 | €39.9mThe 57.5-metre <a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman Shipyard BV (Company)">Royal Huisman</a> sailing yacht <a data-gid="gid://syiq/Yacht/796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Twizzle57.5m (188'8&quot;)Royal Huisman Shipyard BV2010">Twizzle</a> sold in an in-house deal with <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> in November. Bruce Brakenhoff represented both the buyer and seller throughout the negotiations. At the time of her launch, the 57.5-metre superyacht <a data-gid="gid://syiq/Yacht/796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Twizzle57.5m (188'8&quot;)Royal Huisman Shipyard BV2010">Twizzle</a> was <a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman Shipyard BV (Company)">Royal Huisman</a>’s third largest delivery. <img src="https://photo-assets.superyachttimes.com/photo/99247/image/large-e75dd2d3d0c024a8a77356852919ea72.jpg" data-gid="gid://syiq/Photo/99247"><a data-gid="gid://syiq/Yacht/4242" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvaje56.4m (185'0&quot;)Alloy Yachts2014">Salvaje</a>&nbsp;|&nbsp;<a data-gid="gid://syiq/Company/60" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alloy Yachts (Company)">Alloy Yachts</a>&nbsp;| 56.4m | 498 GT | 2014 | €35m&nbsp;Alloy Yachts’ 56.4-metre sailing yacht <a data-gid="gid://syiq/Yacht/4242" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvaje56.4m (185'0&quot;)Alloy Yachts2014">Salvaje</a> (ex. Mondango 3) was sold with <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> representing both the buyer and seller in July. Henry Craven-Smith and Jamie Small of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> oversaw the negotiations. Salvaje quickly rejoined the market and is listed with <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>.&nbsp;

2022 Superyacht sales report

Golden Odyssey yacht by Lürssen in Malta

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Palladium yacht arriving in Gibraltar

Axioma yacht anchored in Antibes 

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Maltese Falcon

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Tatoosh yacht cruising

SYT iQ used sales report 2022 vs 2021 

SYT iQ new sales report 2022 vs 2021 

Mondango 3 yacht sailing aerial

SuperYacht Times takes a look back at the sales figures for 2022, comparing the figures with that of 2021. 

SYT iQ market report: Superyacht sales of 2022

Carinthia VII yacht cruising 

The UK's tax authority, HM Revenue &amp; Customs (HMRC), has issued new guidance clarifying how fuel supplied to superyachts should be treated for duty purposes.Issued June 2026, the guidance does not introduce new legislation, but instead reinforces HMRC’s position that most superyachts, including many operating in the charter market, should be regarded as private pleasure craft, rather than commercial vessels when purchasing fuel in the UK.SuperYacht Times breaks down exactly what this new guidance means for superyacht fuel supply in the UK. <img src="https://photo-assets.superyachttimes.com/photo/375442/image/large-54e7aee42496cdefed23d149da2e9f5e.jpg" data-gid="gid://syiq/Photo/375442">What has HMRC said?The new guidance provides fuel suppliers with greater clarity on how to determine whether a vessel qualifies as a private pleasure craft (PPC), or a commercial vessel. According to HMRC, a vessel is considered a private pleasure craft when it is used for private or recreational purposes by its owner, charterer or any guests permitted to use it. This includes leisure cruising, holidays and private charters undertaken for recreational purposes.The guidance emphasises that a yacht's ownership structure, commercial registration status or crew arrangements do not automatically make it a commercial vessel for fuel-duty purposes.<img src="https://photo-assets.superyachttimes.com/photo/395931/image/large-1b97bd788627c1a902a84bcaf7f1e970.jpg" data-gid="gid://syiq/Photo/395931">Why are superyachts specifically mentioned?HMRC explains that although many superyachts and support vessels are commercially owned and available for charter, this alone does not mean they should be treated as commercial vessels when fuel is supplied.A superyacht should be considered a PPC if either the owner or charterer determines how the vessel is used and enjoys it for their own or guests’ leisure purposes. This applies even when a yacht is professionally crewed or operating under a charter arrangement.Therefore superyachts and support vessels should only be considered commercial in exceptional circumstances, such as when they are contracted by a government authority or industrial customer to supply non-recreational services. <img src="https://photo-assets.superyachttimes.com/photo/378222/image/large-9dabe457a6a0c831b4f7d237793820d3.jpg" data-gid="gid://syiq/Photo/378222">Why does this matter for superyachts?The distinction between a private pleasure craft and a commercial vessel is important because different fuel-duty treatments apply. There are two types of fuel in the UK relating to superyachts, which are white diesel and red diesel.&nbsp;White diesel is the standard diesel which is sold at the full rate of fuel duty. This means that VAT is applied at standard rates and no relief is available. White diesel is often used for road transport and any fuel use that does not qualify for a rebate.&nbsp;Red diesel is the same standard diesel, but it has been dyed red to indicate that it should be sold at a reduced rate of fuel duty. This is often referred to as “marked gas oil” and is intended for specific exempt or lower tax purposes such as, non-propulsion use on vessels like generators or heating, or for some agricultural, construction and industrial application on land.PPC’s are not eligible to receive red diesel duty-free under Marine Voyages Relief, or to use it for propulsion at the lower, rebated duty rate. Under the new HMRC guidance, superyachts and support vessels should be considered as PPC’s.&nbsp;However, HMRC has also stated that you can supply red diesel to a PPC in Great Britain, but the customer must declare the split between propulsion and non-propulsion use and the full rate of VAT applies to all red diesel supplies of 2,300 litres or more. The fuel supplier is also responsible for paying the additional amount due for propulsion. Red diesel for non-propulsion uses on a PPC, for example for heating or generating electricity, can be supplied without additional fuel duty if all the conditions are met.As a result of this, the use of red diesel is heavily regulated due to its lower price from standard white diesel, and if it is used for purposes other than the rules mentioned above, the HMRC treats this as fuel duty evasion.<img src="https://photo-assets.superyachttimes.com/photo/375650/image/large-276a87f67cc160786bebc3b9183df6c3.jpg" data-gid="gid://syiq/Photo/375650">What impact could this have on fuel costs?On 15 June, the red diesel rate was reduced from 10.18 pence per litre, to 6.48 pence per litre, until 31 December 2026. However, the white diesel duty rate is currently 52.95 pence per litre. This leads to a 46.47 pence per litre difference in duty to be paid to HMRC on fuel for PPC propulsion.While the exact financial impact will vary depending on a yacht's fuel consumption and operating profile, the amount could be significantly higher for larger vessels. For example, a superyacht taking on 50,000 litres of propulsion fuel could face an additional duty liability of approximately £23,235. For a vessel bunkering 100,000 litres, that figure rises to around £46,470 before VAT is applied.As a result, the classification of a vessel can have a significant impact on the total cost of fuel purchased in the UK, particularly for larger superyachts taking on substantial quantities of fuel.<img src="https://photo-assets.superyachttimes.com/photo/377386/image/large-be7ad0f93133f1194f69440d38ecd477.jpg" data-gid="gid://syiq/Photo/377386">What should owners and operators take away from the guidance?The guidance does not create new legislation, but it does provide a clearer indication of how HMRC expects fuel suppliers to assess superyachts and their support vessels.For owners, charterers, yacht managers and fuel suppliers, the document reinforces the importance of understanding how a vessel's use, rather than its ownership structure or registration status, may affect its fuel-duty treatment when operating in the UK.You must first confirm if the vessel is a PPC or is operating commercially, but pleasure vessels such as superyachts should be treated at PPC’s, unless clear evidence of commercial use is provided.&nbsp;A declaration between propulsion and non-propulsion use should be obtained and the additional duty for propulsion should be paid to HMRC. HMRC also stated that if claimed commercial use is unclear, always ask for a written statement and copies of documented evidence.&nbsp;“Whilst misinterpretation or application of the law by suppliers and the resulting access to lower fuel prices may seem tempting, the risk to the captain’s career, the vessel’s ownership structure and ultimately the UBO’s entire tax position, by unlawfully using non or reduced, duty or VAT paid fuel for a fully chargeable purpose, makes it a practice that should always be avoided," added Ben Mahy Technical Director, of port VAT clearance experts, <a data-gid="gid://syiq/Company/7132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bachmann Group (Company)">Bachmann Group</a>."Yacht Management companies and Family Offices have an obligation to always operate superyachts within the laws of the jurisdictions that they visit. This new HMRC Guidance and the forthcoming updates to HMRC Notices it references, gives much needed clarification of the fuel duty that superyachts should be lawfully paying whenever bunkering fuel in the UK."If you have any questions regarding the new guidance, contact the HMRC Fuel Duty Policy Team at: <a href="mailto:oils.policymail@hmrc.gov.uk" target="_blank">oils.policymail@hmrc.gov.uk</a>&nbsp;

What the UK's new fuel duty guidance means for superyachts

HMRC has clarified how fuel supplied to superyachts should be treated in the UK. We explain what the new fuel-duty guidance means.

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Explained: What the UK's new fuel duty guidance means for superyachts

Sitting across from me is Sampriti Bhattacharyya, a woman who can’t help but push past any boundary placed on her path. What’s most striking about this is that she does it with grace and speaks of it humbly - an ode to her intellect not just in the field of technological development, but her emotional intelligence too. From moving across continents and oceans to designing groundbreaking technology for the US military, Sampriti has unexpectedly found her way into the yachting industry at the helm of <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a>, a company set to redefine water travel.<img src="https://photo-assets.superyachttimes.com/photo/383526/image/large-c68e149a038779a749301544dea136ce.jpg" data-gid="gid://syiq/Photo/383526">A journey across oceans: From India to AmericaGrowing up in Kolkata, India, Sampriti didn’t have cable TV until she was 16; one of the first things she watched was the Apollo mission to the moon. “The idea that people are going outside of planet Earth, it completely changed what humanity is capable of doing,” shares Sampriti. She was a curious kid, a trait she still holds dear to her heart, and has lived a life exploring solutions for any kind of problem, yet mainly those that, when solved, can fundamentally change how you interact with the world.&nbsp;Yet growing up in India, Sampriti didn’t have many opportunities, especially as a young woman. By the age of 20, owning her first computer, it was a singular email that ended up getting her a ticket to America. From there, alone and a world away from her family, Sampriti shifted her focus to high energy physics at Fermi National Accelerator Laboratory/Fermilab in Illinois. “I was always fascinated by space and understanding the universe, but down the line, I realised we might leave that for artificial general intelligence (AGI) to figure that stuff out.” <img src="https://photo-assets.superyachttimes.com/photo/383528/image/large-83e7e7e14cc75902db67627fc977be68.jpg" data-gid="gid://syiq/Photo/383528">Shifting her focus from purely experimental physics to a more hands-on approach, building machines and nuclear reactors, Sampriti ended up working on aircraft controls for NASA before starting her PhD at the Massachusetts Institute of Technology (MIT).In 2014, when Malaysian Airline Flight 370 disappeared, Sampriti was working on building underwater drones to be used for ocean mapping. “Everyone’s talking about going to the moon and occupying Mars, but we have 70% of the world’s real estate, the ocean, our very own backyard and we don’t even know when an airplane gets lost.”&nbsp;It was a topic that deeply intrigued Sampriti: “I went down a rabbit hole of understanding the entire maritime industry.” She quickly learned that it’s very much of a legacy-based industry, yet that it has infinite potential. “Everything we use moves on this water: food, all kinds of goods, and the future of energy. It’s not in space.” The auto-industry was being transformed, as well as aerospace, computing, sensing, scalable manufacturing and propulsion technologies: “if you apply the same technology stack to maritime manufacturing, which is still a very fragmented, old school industry, you can make not just a little bit of a difference, rather, you can fundamentally change the way the industry works. I was convinced that, like there is a Tesla and a SpaceX, there will be an equivalent vertically integrated maritime company.”<img src="https://photo-assets.superyachttimes.com/photo/383534/image/large-e9498aaaf85ece20432436236098485e.jpg" data-gid="gid://syiq/Photo/383534">Introducing <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a>Occupying that space is <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a>, a company focused on radically changing the maritime industry, founded and owned by Sampriti herself. With a mission of building the most compelling, software driven marine vessels, Sampriti and her team at <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a> strive to build boats that drastically reduce operational costs and unlock a new era of clean, scalable waterborne transportation for both people and goods. “I didn’t set out to build sustainable boats, I just wanted to build the best boats, and those happen to be electric and hydrofoiling,” Sampriti notes humorously. Working to understand the physics and economics behind a gas-based boat, “you have this big body and you’re trying to push water; it takes a lot of energy.” It’s a hindrance in cities like Amsterdam or San Francisco, where efficient transportation via water could cut a lot of time and costs.<img src="https://photo-assets.superyachttimes.com/photo/383550/image/large-acf9f7fcc25a130b6a325084da808be1.jpg" data-gid="gid://syiq/Photo/383550">The boat Sampriti has built at <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a> is hydrofoiling and electric. When looking at the operational costs of a boat, there are two elements: there’s fuel and there is labour needed to push a boat through the water. A <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a> boat doesn’t have this, instead, by using electric hydrofoiling there is no plowing through the water, making the vessel “incredibly efficient: the electric hydrofoiling delivers ~10x efficiency versus a conventional gas boat. About 70 percent of that gain comes from hydrofoiling, and ~ 30 percent from electrification” highlights Sampriti. Another benefit is that hydrofoil and electric together is also much cheaper than a regular gas-based vessel. “People don’t realise that ‘electric’ has a lot of efficiency: it gives about 30% more operational cost-efficiency.”Sampriti highlights another benefit of hydrofoiling, stating how “it gives you a much better ride experience because there is no seasickness; electric also means it’s noise free.” The boat is sustainable, yet Sampriti isn’t a fan of the overused buzzword, instead, she relates it back to her original goal: “Let's build the best boat. And that happens to be hydrofoiling and electric.”<img src="https://photo-assets.superyachttimes.com/photo/383529/image/large-f4e59995e4f20f4a02a2b6d8cb5c76ab.jpg" data-gid="gid://syiq/Photo/383529">Building for the futureThe actual build of the <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a> boat, the N30 Pioneer Edition, started in 2022 and the first batch was delivered last year. Currently Sampriti and her team are busy with deliveries of the N30 Pioneer Edition II, starting around April of this year. Both the Pioneer I and II are 100 percent electric. The Pioneer II also incorporates more advanced features, including Starlink and NACS fast charging.Not long after starting on Pioneer I, Sampriti was approached by a defence company. Having previous experience in building military-grade technology, it seemed like a very natural collaboration for Sampriti’s business. The N30 Quanta, unveiled at the Fort Lauderdale International Boat Show 2025, is the longest range vessel in its category. Sampriti shares that it’s “a 30-foot hybrid electrical vessel with a range of 700 nautical miles for the civilian variant, and a range of 2,000 nautical miles for the defence variant; both at a cruising speed of 20 knots. It fundamentally changes what America can do at sea.” <img src="https://photo-assets.superyachttimes.com/photo/383551/image/large-79279829441e5bae48e6e420a812b554.jpg" data-gid="gid://syiq/Photo/383551">Currently the United States sits at number 19 when it comes to the maritime industry, a stark contrast to having been number one until the Second World War. “After that, incentives weren’t given to shipyards, labour cost was very high and there were too many regulations,” shares Sampriti. Yet the tides are turning: “It’s a huge geopolitical, national security and trade risk because 90 percent of goods are transported across the ocean.” Sampriti shares how, slowly, people are waking up to the maritime reality, “there’s a lot of push on ship building again. It’s not just about naval power, but rather building a maritime ground with standardised, common platforms that can be repurposed for defence, cargo and transportation.”Sampriti’s view is holistic, noting that “each of these platforms and ships have commonalities. At <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a>, we’re focused on building the first-of-its-kind Generalised Marine Vessel Platform (GMVP), designed around three governing principles: low build and operation cost, longest range at speed, and operation across diverse sea states.” This is precisely where hydrofoils come in as they’re built for this multifunctionally. “They can carry big cargo and remain stable and have a much longer range than a general hull can have, and that’s really our ethos,” Sampriti notes. “We’re in an era of asymmetric warfare where a $1,000 drone can take down a billion dollar carrier craft,” something that is neither sustainable nor economically efficient. “You have to build things that can scale,” Sampriti continues, “to build vessels that are adaptable.”&nbsp;The goal for <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a> is to be a dual-use company: to have a vessel that can be used for defence and civilian purposes. Just like aviation, <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a> vessels also fit the high-end luxury industry of superyachts, “it’s like how the flight control system that is on US Navy vessels is the same flight control system we have in our recreational aircrafts.”<img src="https://photo-assets.superyachttimes.com/photo/383552/image/large-55de5dbef6f489e6c364a79356321084.jpg" data-gid="gid://syiq/Photo/383552">Altering the use of waterwaysFor centuries, and still in places like Venice and Amsterdam, people travel on the water. Overtime, roadways and railways didn’t just become more efficient, but boats became inefficient. “If you can solve the cost and comfort problem of small boats, then suddenly every Marina can be a transportation hub,” Sampriti continues, “you’re doing the same thing that trains and airways are doing, and starting an entirely scalable transportation network between every Marina. It’s a standardised network.”&nbsp;It’s these kinds of changes that motivates Sampriti to get up in the morning: to connect the world and everyday people, allowing them to travel from place to place at incredible speed. “Take a place like San Francisco: if you go from Martinez, it’s over two hours by land, due to traffic, but 45 minutes by water.” By introducing vessels like Sampriti’s, people can come to work in San Francisco, while living further out without losing too much time or money on a commute. “It creates more affordable housing, growth in infrastructure, and an accessibility to life.”The technology, however, is expensive. “We’re very fortunate,” Sampriti notes, “because there’s early champions like doctors who see the big vision.” The maritime industry is a very conservative one, making it essential to have people who understand the vision. “We get them to the boat show and introduce them to adventurers, explorers and pioneers that are willing to try this high-tech thing out. Owners of superyachts are precisely those kinds of people.” An industry filled with entrepreneurs and creatives, they become cheerleaders of innovation for businesses and ideas the likes of Sampriti’s.<img src="https://photo-assets.superyachttimes.com/photo/383517/image/large-bec9c81cb41170abd517704808fb1bcb.jpg" data-gid="gid://syiq/Photo/383517">Superyacht owners weren’t the clientele in mind when designing the best possible vessel, however, Sampriti has intentionally produced a limited number of recreational vessels. The idea is to build a community of explorers and mavericks at heart, who are pioneering a new era of sea adventure. “When you see people you aspire to be like, and those people are using these hydrofoil electric boats, it influences their audience and changes the way people look at maritime transportation, but also benefits the planet.Sampriti calls herself “very much of an optimist. I think in the long run, if you build a product that is helpful and useful for the world and it functions better than what already exists, I like to believe merit will win.” Sampriti knows that her <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a> vessels will create an irreversible change in the maritime industry, “it might be slow at the start, but you push through.” It is precisely this optimism, tied with Sampriti’s vast experience in maritime technology and her care for the ocean that will help her continue to break maritime boundaries, one electric hydrofoil at a time.

Navier redefining boundaries of maritime transportation

The woman who is singlehandedly changing the maritime industry: Sampriti Bhattacharyya, the foundere and CEO of Navier

Sampriti and Navier: Redefining the boundaries of maritime transportation

A lifelong spearfisher, a captain and recently a broker, one can truly say that Cameron Kirkconnell is a man of the sea. Growing up in the Cayman Islands, traversing the globe, setting numerous spearfishing world records, and selling superyachts, the common denominator in all Cameron does is his profound sense of care, whether for clients, guests or colleagues.&nbsp;SuperYacht Times Features Editor Leona Caanen sits down with Cameron to chat about his journey from spearfisher to captain to superyacht broker.<img src="https://photo-assets.superyachttimes.com/photo/381245/image/large-b8435d19156ab8568d831fc861c03d0c.jpeg" data-gid="gid://syiq/Photo/381245">Captain, spearfisher, nomadCameron’s ties to the sea span back generations, to when his forefathers were shipwrecked off of Cuba six or seven generations ago. “They were found by a group of people from the Cayman Islands,” Cameron shares, “since then, our family has been there for about five generations.” Coming from a long line of captains, “we’re bred from the sea,” Cameron shares, “growing up, our entire lives were centred around going to the water, whether to dive or fish or go surfing.” Even when playing college league football and competitive water polo, Cameron always preferred to be in the water; whether hunting or fishing with his dad and cousins.&nbsp;After high school, Cameron attended and graduated from the Merchant Marine Academy, one of the best maritime schools there is. He left the academy with certification to work as a third officer with unlimited tonnage on any kind of ship. From there, Cameron followed in his ancestor’s footsteps, working his way up to captain, while traversing the globe onboard commercial vessels. &nbsp;Just like the superyacht industry, being onboard a commercial vessel means working on rotation. Saving up as much money as he could, Cameron would spend his time off travelling to remote corners across the world, finding places to go diving and fishing. “Until I met my wife, about 15 years ago, I had never paid rent. I never had a permanent place to stay.” <img src="https://photo-assets.superyachttimes.com/photo/381275/image/large-fcd8ed1b2fa264bc4bb6527665b6b9c5.jpg" data-gid="gid://syiq/Photo/381275">Having grown up fishing, spearfishing, and diving, Cameron went looking for other places to explore the ocean. “I fell in love with travelling. For eight or ten years, I went all over, from the South Pacific, Indian Ocean, East Coast of Africa, all through the Caribbean, and Central America.”No matter where he travelled in his time off, Cameron always aimed to give his all and strike gold when fishing: “I’m going to the best place at the right time, on the right moon, on the right tide, and I’m going to get the best fish that there is. Period.” With more than 19 world records to his name and another 30 or so achieved for and with others, the results underscore his efforts, yet he still remembers the one that started it all: “The first really significant world record I got was in Bali, Indonesia, catching a dog tooth tuna.”<img src="https://photo-assets.superyachttimes.com/photo/381247/image/large-9fdee404f4859a57081005654ec1f01f.jpeg" data-gid="gid://syiq/Photo/381247">Like father, like sonCameron is a family man at heart. Upon retiring from his solo global adventures, Cameron got married and started his family, although he did anything but settle down. Instead, he shares his passion for the sea with his kids, the oldest of which is already accompanying him on trips. “My son and I went up to the northern part of Norway and did a week of spearfishing together to try and get the world record for halibut,” Cameron shares. A record he, of course, achieved, yet the pride wasn’t in adding another record to his name, but rather in sharing it with his son.It was Cameron’s father that got him into spearfishing, with some of his earliest and best memories growing up in the Cayman Islands being with his father. “I was so small and I couldn’t swim, so he’d have his arm out and I’d be holding on, he’d be towing me around.” Already back then Cameron could spot fish better than anyone else; people would praise his skills, give a pat on the back: “I find I could, and can, just pick out minute details, spot something different and significant, only now to be overshadowed by my son,” Cameron shares, adding with a hint of pride: “he’s eleven,”“I bring my son on a lot of trips, he’s very good on the boat,” Cameron remarks, emphasising that his son isn’t just great at spotting fish and spearfishing, but also at spotting boats. “He’s a savage critic on boats… he’ll tell you straight up.” A character trait that Cameron is proud to see, “we’ve always pushed transparency in our kids, whether in business or in people, life is too short.”<img src="https://photo-assets.superyachttimes.com/photo/381248/image/large-4cf86a16eaa71752830ca731bb2a57d3.jpg" data-gid="gid://syiq/Photo/381248">Spearfisher turned brokerCameron himself also strives to be transparent, within his family life, in spearfishing and in business. While having spent most of his life in the water and plenty of time on boats, Cameron had never quite intended to become a superyacht broker, but like most things in his life, when the opportunity arose, he jumped right in, giving it his all.In sharing spearfishing with others, Cameron eventually landed in the world of superyachts. The first five or so years, he was managing everything by himself, but when the opportunity arose to join AJ Blackmon at <a data-gid="gid://syiq/Company/5554" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikonic Yachts (Company)">Ikonic Yachts</a>, the choice was easy. “I needed the help; I needed the background, the back office, and the know-how of the yachts.” Yet it wasn’t just the professional timing that made the match; “AJ has this insane level of transparency and expertise; it’s unbelievable what he has put together and he is very humble.”<img src="https://photo-assets.superyachttimes.com/photo/381274/image/large-4eee43810e64eb39a7b11536ba71c90e.jpg" data-gid="gid://syiq/Photo/381274">Upon joining the <a data-gid="gid://syiq/Company/5554" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikonic Yachts (Company)">Ikonic</a> team, Cameron notes how AJ has put together a great team, one that feels like a family office with no BS. “Putting together him and I and Matt and Ben and Hannah; it’s such a good set up,” Cameron enthuses, “not just for me but for my clients because everyone in the team is at the absolute pinnacle of their business. It’s the best of the best.”&nbsp;One of the most memorable yachts that Cameron has gotten to work with has been <a data-gid="gid://syiq/Yacht/6344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Beast 39.2m (128'7&quot;)Profab Central Engineering Ltd2019">The Beast</a>, belonging to Sir Michael Hill. On a search for the ideal vessel to take Cameron and his team on remote spearfishing excursions, they ran into the 39-metre superyacht. “When we found the beast, we were like, where has this thing been? When going remote, you don’t just need a nice boat, you need all the functionalities required for such a mission,” says Cameron.<img src="https://photo-assets.superyachttimes.com/photo/217319/image/large-389761c0d05f0528314f5aab63e4b23a.jpg" data-gid="gid://syiq/Photo/217319">The vessel made a deep impression on Cameron, “I messaged him, saying ‘Hey Sir Michael, if you ever sell this thing let me know.” It’s a sentiment shared not only by Cameron, “every client that’s come on there has said the same thing.” Only a year and a half old at the time, Cameron today still seems impressed by the yacht: “he did such a good job building this boat. She’s easy to maintain, she can change her engines out herself, guests can stay in luxury spaces, it’s just an incredible set up.”Unfortunately, Sir Michael Hill passed away earlier this year, “he wouldn’t sell it to me but we kept in touch over the years. In the end, he was able to use <a data-gid="gid://syiq/Yacht/6344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Beast 39.2m (128'7&quot;)Profab Central Engineering Ltd2019">The Beast</a> until his last days, spending time with his family onboard; it was wonderful for him… it’s something that we all dream of,” shares Cameron. After knowing each other for nearly seven years, Sir Michael has entrusted Cameron with the sale of the yacht, “he appreciates that the mission is going to go onwards.” <img src="https://photo-assets.superyachttimes.com/photo/381273/image/large-266341e6aba18b31b888b1f653dca2dd.jpg" data-gid="gid://syiq/Photo/381273">Although Cameron can’t quite disclose what exciting adventures <a data-gid="gid://syiq/Yacht/6344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Beast 39.2m (128'7&quot;)Profab Central Engineering Ltd2019">The Beast</a> will embark on next, the yacht has generated so much interest, with three full-price offers within the first week, that Cameron and <a data-gid="gid://syiq/Company/5554" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikonic Yachts (Company)">Ikonic Yachts</a> have started to design more yachts in a similar size, as well as bigger. “It’s a niche that needs to be filled, the desire for a true expedition boat. Not the buzzword that’s been going around but a truly self-sustaining vessel; a boat that can do some really cool stuff.”Most of the yachts that Cameron sells don’t reach the market. “The guys that want to go to these remote places, or kite surf or spearfish, they don’t want to see other boats, nor do they want other boats to have been there. They want to be able to visit unique and remote tolls. When these yachts become available, they snatch them up pretty quick.”<img src="https://photo-assets.superyachttimes.com/photo/99335/image/large-12f139a8fd50016263364bfee4501ec7.jpeg" data-gid="gid://syiq/Photo/99335">Transparency, care and dedicationWhat is most remarkable about Cameron and the way he goes about his work, whether spearfishing expeditions or selling superyachts. Staying true to his values, Cameron’s success stems from his transparency as well as his genuine care for his clients and the yachts.“I don't force any sale: It needs to be the right boat at the right time, and sometimes it's not the right time. I’ll tell them to wait for the right time and I think that transparency has done me very well. I'm probably too emotional about it just because I truly care about my clients and I care about the boats,” shares Cameron. “If they call and there’s a line wrong in the paperwork, it affects me, it hurts my heart because I want everyone to be happy.”While Cameron knows he is possibly too emotionally invested in every sale, it is precisely his attention to his clients, the vessel and detail that makes him so good at what he does. “People know I actually care,” Cameron adds.<img src="https://photo-assets.superyachttimes.com/photo/381249/image/large-c781199ba8a652c915d45588514834b4.jpg" data-gid="gid://syiq/Photo/381249">In an industry as extravagant and luxurious as superyachts, it is refreshing to find someone so passionate about his work; not from a financial perspective, but from a love of giving people the best possible experience, whether in spearfishing a world record or purchasing a superyacht. When you work with Cameron, you know you’re working with someone who has a lifetime of experience accompanied by a profound care for all he does.

Cameron Kirkconnell: From spearfisher to superyacht broker 

A lifelong spearfisher turned captain turned superyacht broker: this is Cameron Kirkconnell

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It isn’t every day that the superyacht press finds itself on a video call with one of the most influential figures in technology. But when Gabe Newell, co-founder of Valve and now shareholder at <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, appeared on screen for a private roundtable with a select group of journalists during the <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show</a>, the atmosphere was one of curiosity and anticipation. For an hour, he spoke candidly about his unlikely journey into yachting, his vision for research-led fleets and why he believes there will always be interesting technologies and opportunities to build more boats.<img src="https://photo-assets.superyachttimes.com/photo/372661/image/large-efbaa1c91bfa6988f938d8e2732895dd.jpg" data-gid="gid://syiq/Photo/372661">“I wasn’t interested in yachts at all,” he admitted with disarming honesty over the call, explaining how a surprise charter onboard the 77.6-metre <a data-gid="gid://syiq/Company/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vosper Thornycroft (Company)">Vosper Thornycroft</a> <a data-gid="gid://syiq/Yacht/301" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M577.6m (254'7&quot;)Vosper Thornycroft2004">M5</a> (ex. Mirabella) for his ex-wife’s 50th birthday turned into the start of a lifelong passion. “I thought I was going to be miserable. Instead, I discovered this incredible way to spend time with friends and family.”That first charter led to many more. Then came ownership. Then, inevitably, came shipbuilding. Today, Newell not only owns a growing fleet, but also lives full-time at sea. “Other than a couple of months in 2021, I’ve been living onboard ever since the pandemic,” he said, leaning back in his chair on screen. His three cats, he joked, are just as bemused as he is when the captain informs them which vessel they’re moving to next.<img src="https://photo-assets.superyachttimes.com/photo/319785/image/large-4bb2a8fa9dff74386dd0cf81c8991888.jpg" data-gid="gid://syiq/Photo/319785">The scale and diversity of Newell’s fleet is unusual, even by superyacht standards. He counts the 78.5-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/10" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocinante78.5m (257'7&quot;)Lürssen Yachts2008">Rocinante</a> as his first acquisition, the 72.15-metre <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> yacht <a data-gid="gid://syiq/Yacht/5955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Game Changer72.15m (236'9&quot;)Damen Yachting2017">Game Changer</a> as a support vessel, and both <a data-gid="gid://syiq/Yacht/4018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Draak91.5m (300'2&quot;)Oceanco2014">Draak</a> and the new-build 111-metre superyacht <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> by <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> as those included under his ownership. Beyond the traditional yachts, however, lies an array of research platforms, including the 68.2-metre <a data-gid="gid://syiq/Company/3754" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tacoma Boat Building Co (Company)">Tacoma Boat Building</a> vessel <a data-gid="gid://syiq/Yacht/10637" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dagon68.28m (224'0&quot;)Tacoma Boat Building Co1985">Dagon</a> which operates as a full-ocean-depth surface platform and the 55.75-metre <a data-gid="gid://syiq/Company/1643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Auroux (Company)">Auroux</a> vessel <a data-gid="gid://syiq/Yacht/2832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydra55.75m (182'11&quot;)Auroux1974">Hydra</a> which is designed for coastal studies.&nbsp;He also has a 35-metre sportfisher in development at <a data-gid="gid://syiq/Company/474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Developments (Company)">Yachting Developments</a>, that will travel with the main boat and the support boat, and has signed an agreement with <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a> for the 100-metre <a data-gid="gid://syiq/Yacht/15856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV6000100.0m (328'1&quot;)Vard Group AS2028">RV6000</a>, which will carry a 6,000-metre-capable remotely operated vehicle for submarine rescue and ocean science, and the research vessel <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a>, which is still in development.&nbsp;While the fleet is diverse, the vision is consistent that yachts are not just used as platforms for leisure, but as tools for exploration and science. Through Inkfish, his marine research organisation, Newell supports scientists with access to deep-sea technology, from advanced ROVs to mapping equipment. “Our focus is to be a service organisation to the scientific community,” he explained. “We ask scientists directly, what’s helpful? Sometimes that means getting them to critical parts of the ocean. Sometimes it means grants to process the data we collect. The point is to be led by science, not by ego.”<img src="https://photo-assets.superyachttimes.com/photo/367974/image/large-ea8d38f7ced1d8b2d5c392d963d93997.jpg" data-gid="gid://syiq/Photo/367974">At one point during the call, he described how high-school students had boarded his research vessels, watching specimens being prepared, and later wrote to ask when the boats would return. He smiled as he recounted their excitement: “That’s the impact I want to see. When the community says, ‘You’re coming back? Hooray!’ then we know we’re doing it right.”If his research ambitions are ambitious, his philosophy as a yacht owner is just as striking. Newell has imported the mindset of a software engineer into yacht design, thinking in terms of productivity and user experience.On <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a>, for instance, the deck is not teak but <a data-gid="gid://syiq/Company/7672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bolidt (Company)">Bolidt</a>. “I’d rather the crew spend less time polishing decks and more time interacting with guests,” he said. “It’s about maximising the valuable experiences onboard. Do you want your crew polishing chrome, or taking your child out on a Jet Ski? To me, it’s obvious.”That approach extends deeper, with crew actively designing tenders, galleys and operational spaces. “We started by asking our dive team to design their own tender. The results were so good that we realised, the more you involve the crew in design, the better the outcomes.” On screen, he gave a small shrug as if to say the idea was obvious, though it represents a radical departure from how most yachts are conceived.Few yacht owners speak as comfortably about CNC machining, AI models or pressure vessels as they do about cruising grounds. For Newell, technology is not an accessory to his yachting, but the foundation of it. A self-taught machinist who once kept a five-axis CNC mill in his living room, he now funds advanced material research. <img src="https://photo-assets.superyachttimes.com/photo/367451/image/large-26f50ff0e23faff563f5ba25af0026b5.jpg" data-gid="gid://syiq/Photo/367451">One project in partnership explores aluminium oxynitride, a transparent ceramic stronger than titanium. “It’s so strong that titanium becomes the gasket material,” he said, eyes lighting up through the video link. The aim, to build a fully transparent, full-ocean-depth submersible hull.Newell was also an early funder of OpenAI, and speaks enthusiastically about applying machine learning to shipbuilding. “Putting stress and strain gauges everywhere, collecting time-series data and comparing it to model predictions, that’s where AI can validate and improve design. It’s about putting shipbuilding in front of the wave of technological advancement.”Examples already in place include pathogen-detection systems onboard to identify influenza or RSV, and discussions around bridge systems that use augmented reality to detect submerged objects at night. “Machine vision is already better than humans in many cases,” he said. “It’s just about integrating it in a way that enhances safety.”<img src="https://photo-assets.superyachttimes.com/photo/372683/image/large-fde494e79d89a678a296d7074c300d04.png" data-gid="gid://syiq/Photo/372683">Gabe Newell acquired <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> in August 2025, stating he intends to support and reinforce its existing culture, which he views as effective, principled and forward-looking. The investment in <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> itself stemmed not from a cold business calculation, but from a sense of belonging. Building <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> with the yard’s CEO Marcel Onkenhout and his team created a natural partnership for Newell.“It didn’t feel adversarial. It felt like collaboration,” Newell explained. “I was fanboying all over Marcel and his team. The quality made me root for them. Eventually it was like, how can I be part of this team too?” The result was a formal stake in <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, but with a philosophy that profit alone is not the driver. “The goal is to create happy customers. Profit is just the signal that you’re doing better than others. My focus is on how to make already brilliant yachts even more valuable to owners.”<img src="https://photo-assets.superyachttimes.com/photo/365665/image/large-908318675f42f6a91544e68f54985a77.png" data-gid="gid://syiq/Photo/365665">For Newell, the process of designing and building yachts has become as much a joy as the finished vessels themselves. “I’ll actually be sad when <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> is delivered, because I’ve loved working with the team,” he admitted via the video link. Asked whether he will always be building yachts, he admitted that it's an ongoing conversation and that there will always be interesting opportunities to move technology forward in the industry, in ways that might be too risky to ask another owner to take on. “In those cases, we could look at a speculative project or something I’d build myself, which gives the yard more design freedom. But it depends on what the team at <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> wants to try.”It is a revealing answer. For an industry often shrouded in secrecy, Newell brings not only capital and innovation, but a refreshing openness. He jokes about his cats, shares anecdotes of his children, and speaks earnestly about wanting yachts to be seen as good actors in the communities they visit.Marcel, speaking towards the end of the call, agreed wholeheartedly. “What has always bothered me most in 30 years is the secrecy and gossip,” he reflected. “In the years ahead, we want to lead by example, and transparency will be part of that.”<img src="https://photo-assets.superyachttimes.com/photo/367971/image/large-02a0541df7b4d8e25e92bf73af030e34.jpg" data-gid="gid://syiq/Photo/367971">Gabe also noted that many of his peers in the American tech world “aren’t nearly as aware of yachts and yachting as a lot of people in Europe,” and that simply getting them onboard could be transformative. “It’s a little like shooting fish in a barrel,” he said with a grin. “There are so many people who would never think about yachts, but once they experience it, they’ll realise it has an important role to play in their lives.” For Newell, the challenge lies in making the sales process experiential, because simply getting potential owners onboard, he argued, is often enough to change perceptions entirely.As the call drew to a close, he turned the tables on the assembled journalists: “What do you want <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> to do?” It was a fitting end from a man whose career has been built on questioning assumptions, listening closely and then reimagining what is possible.

Gabe Newell: Life at sea and building the future with Oceanco

Gabe Newell speaks about his fleet, Oceanco investment and vision for yachting innovation.

From gaming to yachting: Gabe Newell on life at sea and building the future with Oceanco

When you think of European luxury yachting, Poland probably isn't the first country that comes to mind. But following a five day trip between shipyards, sailmakers and engineering labs across the Tricity region, it’s clear to me that perception is overdue for a shift. Once known primarily for its commercial shipbuilding and maritime manufacturing, the country is now steadily gaining ground as a serious player in the luxury and leisure yacht sectors.&nbsp;Hosted by the Polish Investment and Trade Agency (PAIH), I travelled from the historic port of Gdańsk to the industrial heart of Ostróda and the bustling docks of Gdynia to get a behind-the-scenes look at a country quietly positioning itself in the global yacht market.<img src="https://photo-assets.superyachttimes.com/photo/366862/image/large-5c008d5991b28db4b21aec5d72f19d8d.jpg" data-gid="gid://syiq/Photo/366862">A legacy built on heritageMy journey through Poland’s yachting industry began in Gdańsk, a city where shipbuilding is stitched into the very fabric of its identity. Once the largest port in the Polish–Lithuanian Commonwealth, Gdańsk thrived on trade routes that brought grain and timber down the Vistula River. At the centre of this historic trade route stands the Gdańsk Crane, first mentioned in 1367, which once hoisted masts onto ships and unloaded barrels of cargo. Today, it remains a symbol of the city’s longstanding maritime significance.Just a short walk from the crane, moored in the Motława River, is the SS Sołdek, the first seagoing ship built in Poland after World War II. Now part of the National Maritime Museum, this steel-hulled coal and ore freighter marks the rebirth of Polish shipbuilding during the country’s post-war industrial recovery. <img src="https://photo-assets.superyachttimes.com/photo/366859/image/large-6529753995d289ab9373a345bdc69d1b.jpg" data-gid="gid://syiq/Photo/366859">But Gdańsk's legacy isn’t built on engineering alone. In the 1980s, the Gdańsk Shipyard became the cradle of the Solidarity movement, a peaceful uprising sparked by shipyard workers demanding fair wages and basic rights. Led by electrician-turned-activist Lech Wałęsa, Solidarity grew from a local strike into a national movement that would shake the foundations of the Eastern Bloc. The cost was high, lives were lost and many protesters faced imprisonment. But its impact was profound, setting off a chain of events that helped bring down communist regimes across Central and Eastern Europe and contributing to the fall of the Berlin Wall.Today, the spirit of Solidarity still lingers on the waterfront, with many of the same buildings that once launched freighters and naval vessels, now home to superyacht builders, catamaran innovators and composite specialists. Proof that Polish shipbuilding, like its history, is built to endure and adapt.<img src="https://photo-assets.superyachttimes.com/photo/366864/image/large-5d2f8bd5103525e9cd578a1aaee7c0a4.jpg" data-gid="gid://syiq/Photo/366864">The shipyards of todayAt <a data-gid="gid://syiq/Company/2229" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Conrad Yachts (Company)">Conrad Shipyard</a> that transformation is already well underway. With its roots in commercial construction and a location at the heart of the Gdańsk waterfront, the yard has established itself as a builder of bespoke superyachts. Its attention to detail and capacity for custom builds make it a standout performer in Poland.“We see <a data-gid="gid://syiq/Company/2229" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Conrad Yachts (Company)">Conrad</a> as a boutique shipyard,” explained Chairman and CEO Mikołaj Król. "We’re not just about volume, we’re about relationships. Every project is highly personalised and our aim is always to deliver the highest quality yacht we possibly can.”<img src="https://photo-assets.superyachttimes.com/photo/278836/image/large-88348ea6a1463341d01e4e0f1900a592.jpg" data-gid="gid://syiq/Photo/278836">The shipyard was established in 2003 by Marine Projects as a division for superyachts, with the first yacht produced under this division, the 26.82-metre Escape S (now <a data-gid="gid://syiq/Yacht/8855" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driven26.82m (87'12&quot;)Conrad Yachts2005">Driven</a>), delivered in 2005. <a data-gid="gid://syiq/Company/2229" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Conrad Yachts (Company)">Conrad</a> currently has two superyachts in-build at the shipyard, consisting of the third 44.27-metre Conrad C144S motor yacht <a data-gid="gid://syiq/Yacht/12110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Miss Leen44.27m (145'3&quot;)Conrad Yachts2025">Project Moonlight</a> and the 41.8-metre Conrad <a data-gid="gid://syiq/Yacht/12403" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Coone 14041.8m (137'2&quot;)Conrad Yachts2027">C-140</a> sailing yacht, with delivery dates of 2025 and 2027 respectively.<img src="https://photo-assets.superyachttimes.com/photo/366863/image/large-ba8bec1e3f682c01b6f760b68549b6b6.jpg" data-gid="gid://syiq/Photo/366863">Following the launch of the first hull, <a data-gid="gid://syiq/Yacht/9149" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ACE44.27m (145'3&quot;)Conrad Yachts2023">ACE</a> in 2022, the award-winning C144S model really put <a data-gid="gid://syiq/Company/2229" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Conrad Yachts (Company)">Conrad</a> on the map. Establishing them as a key player in the industry, it has allowed them to develop their facilities further, with two sheds accommodating yachts of up to 60 metres each.&nbsp;“Sometimes, dreams really do come true. Twenty years ago, we were looking up at the stars, wondering if we could ever match some of the other established names in the industry. Now, we’re building 42-metre sailing yachts. That really says something!” added Król.Watch: <a data-gid="gid://syiq/Article/60576" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Video: Conrad Shipyard - The Polish yard that is shaking up the industry (2024-05-28 15:00:00 +0200)">Conrad Shipyard - The Polish yard that is shaking up the industry</a><img src="https://photo-assets.superyachttimes.com/photo/366857/image/large-7ea23387c38fa895bef2f0f429e8f981.jpg" data-gid="gid://syiq/Photo/366857">Meanwhile, in the nearby Przeróbka district, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef Yachts</a> is redefining the multihull market. Known for its large, luxury catamarans, the yard is expanding both physically and creatively. Its in-house research into solar integration and eco-conscious propulsion is pushing boundaries, while its in-demand portfolio is helping to put Poland firmly on the global yachting map.“In the beginning, customers weren’t convinced that Poland could produce luxury goods and that included Polish customers too,” explained CEO Francis Lapp. “We had to change that perception through results.”<img src="https://photo-assets.superyachttimes.com/photo/366865/image/large-d9b63cbd5915a2a18a043d77990f44da.jpg" data-gid="gid://syiq/Photo/366865"><a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef Yachts</a> currently has several yachts in-build at its facility in Gdansk, with an extensive tour around the yard revealing a diverse and dynamic production line that includes sailing and power catamarans ranging from 24 to 42 metres. Among the highlights were multiple units of the new Ultima 88 series, with the first due to launch in late 2025, as well as several 30 metre sail and power models in various stages of construction.“Gaining trust doesn’t happen overnight. You need to prove yourself by building ten, twenty, even a hundred yachts before people really believe in what you do. But over time, people saw that even though we were building in Poland, the quality was there,” added Lapp.<img src="https://photo-assets.superyachttimes.com/photo/366866/image/large-e065fabba23dfb9d15f70c3455a5ef6a.jpg" data-gid="gid://syiq/Photo/366866">Over the past two decades, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a>’s trajectory has done more than shape a brand, it has helped shift international perceptions of Polish shipbuilding itself. By exporting high-end catamarans to owners around the world, Lapp has positioned Poland not only as a competitive manufacturing base, but as a country capable of delivering innovation, craftsmanship and luxury.As Artur Połoczański, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a>’s Public Relations Director reflected, “Francis didn’t just build yachts, he helped promote the entire country.”Read: <a data-gid="gid://syiq/Article/63207" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Charting a bold course: How Sunreef Yachts is shaping the future of luxury multihulls (2025-05-20 11:15:00 +0200)">Charting a bold course: How Sunreef Yachts is shaping the future of luxury multihulls</a><img src="https://photo-assets.superyachttimes.com/photo/367496/image/large-520650af0fa844ee8385b500cae8ebfe.jpg" data-gid="gid://syiq/Photo/367496">Elsewhere in Gdańsk, I visited one of Poland’s most established sailmakers, Sail Service, to see firsthand how sails are designed, cut and assembled. Founded in 1987, the company continues the traditions of the J. Conrad sail-loft and supplies sails to tall ships, expedition yachts and racing craft in over 20 countries.Sail Service also specialises in protective covers and is the exclusive Polish distributor of brands such as Ronstan, Andersen and Flexiteek. Their blend of traditional craftsmanship and high-tech production makes them a trusted partner to individual clients, charter fleets and series yacht builders alike, further reinforcing Poland’s reputation for quality marine manufacturing.<img src="https://photo-assets.superyachttimes.com/photo/367495/image/large-85e7cbfd68e5c3757184cfffeba10274.jpg" data-gid="gid://syiq/Photo/367495">“We’re proud to be part of a tradition that proves Poland can deliver both precision and performance, not just in sails, but across the entire yachting supply chain,” concluded Paweł Roslen, Manager of Sales.The following day began with an early drive through the Polish countryside to Ostróda to Model-Art, where I toured their expansive production halls and witnessed several projects in various stages of construction. Founded in 1998, Model-Art has grown into one of Poland’s most advanced composite boat builders, operating across three production sites.&nbsp;The company builds leisure motor boats ranging from six to over 12 metres in length, serving major international clients such as <a data-gid="gid://syiq/Company/5844" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nimbus (Company)">Nimbus</a>, Parker, <a data-gid="gid://syiq/Company/4188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Windy Boats (Company)">Windy</a>, Askeladden and <a data-gid="gid://syiq/Company/5873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Antonio Yachts (Company)">De Antonio Yachts</a>. Boats from the Ostróda facility have been recognised at major shows including the <a data-gid="gid://syiq/Company/4556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival (Company)">Cannes Yachting Festival</a>, boot Düsseldorf and the Fort Lauderdale International Boat Show.Model-Art also maintains close ties with the Gdańsk University of Technology and a local high school in Ostróda, supporting education through hands-on training, internships and collaboration on real-world projects. <img src="https://photo-assets.superyachttimes.com/photo/367514/image/large-25684ff68698c9f1de8a6c82fb162824.jpg" data-gid="gid://syiq/Photo/367514">Education is key for expansionIf Poland is to continue its trajectory in the yachting sector, it will be thanks to the pipeline of talent emerging from its technical schools and universities, a fact recognised across every yard we visited. Institutions like the Gdańsk University of Technology, whose Faculty of Mechanical Engineering and Ship Technology is producing the next generation of naval architects, marine engineers and composite specialists; are a central pillar in Poland's ability to deliver high-spec projects and support innovation in design and production.The Faculty of Mechanical Engineering and Ship Technology is equipped with advanced labs for materials testing, CAD/CAM simulation and hydrodynamic research. Students and researchers benefit from access to full-scale prototyping tools, workshops and partnerships with shipyards, giving them practical experience that directly translates to industry impact.The technical training and close links between academia and industry have helped Polish builders remain competitive internationally, offering an appealing balance of cost, quality and engineering credibility.<img src="https://photo-assets.superyachttimes.com/photo/367522/image/large-93f2d3c6d51a9644cae5d15a8dec1c01.jpg" data-gid="gid://syiq/Photo/367522">POLBOAT Yachting Festival But technical capability is only part of the picture. Industry visibility both domestically and abroad is crucial to Poland’s continued emergence as a force in yacht building. That’s where the POLBOAT Yachting Festival comes in.Now in its sixth year, the festival has grown into the country’s most prominent in-water yacht show, held annually at Marina Yacht Park in Gdynia. This year’s edition showcased over 120 vessels, surpassing last year’s record and included 25 national and international premieres.During the opening ceremony, industry leaders, local officials and international guests gathered in solidarity, reflecting on both the challenges and the resilience of Poland’s marine sector. “Thank you for being here, even though these are difficult times,” said the event’s organiser in his welcome address. “I saw all of you arriving and I felt that we will get through these challenges because we’re together. That’s our strength, that’s the strength of the Polish yachting industry.”<img src="https://photo-assets.superyachttimes.com/photo/367521/image/large-0a8e83a731c6a772e1a11d46e14e39d3.jpg" data-gid="gid://syiq/Photo/367521">Among the many Polish brands exhibiting at the festival, Parker Poland and N’Fun Yachting offered us the chance to get out on the water and experience their models firsthand. During sea trials along the Gdynia waterfront, both companies demonstrated the strengths of their build quality and design philosophy. Parker showcased their robust, family-friendly powerboats and N’Fun offered a nimble sailing experience onboard their sporty, N Fun 30 yacht.But it was Gdynia’s mayor, Aleksandra Kosiorek, that summed up the festival perfectly, “This event is not only a celebration of technology, it is also a celebration of innovation, inspiration and connection. We’re proud that Gdynia can host this showcase of Polish talent and craftsmanship.”<img src="https://photo-assets.superyachttimes.com/photo/366860/image/large-a6966772b2a18b184f1ad5341a115888.jpg" data-gid="gid://syiq/Photo/366860">The future of Polish yacht buildingFrom world-class catamarans built in Gdańsk to recreational motor boats in Ostróda, Poland is home to a quiet ecosystem of highly skilled shipyards, engineers and craftsmen who are increasingly stepping onto the international stage. With strong educational institutions like the Gdańsk University of Technology fuelling a skilled workforce, and shipyards such as <a data-gid="gid://syiq/Company/2229" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Conrad Yachts (Company)">Conrad</a> and <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> delivering high-specification builds to global clients; Poland is assembling the key ingredients for long-term relevance in European yacht building.&nbsp;The transition from industrial production to high-end yacht construction is not simply a business pivot, it is a cultural and generational evolution rooted in strength, purpose and pride. As one executive put it during the tour, "Poland doesn’t need to reinvent itself, it just needs to be seen." In that respect, Poland may not only be on the rise, it may already be poles ahead.

Poland: The rise of the country as a yachting powerhouse

Sophie Spicknell explores how Poland is becoming a powerhouse in the world of yachting, through its rich maritime history. 

Made in Poland: The country quietly positioning itself as a yachting powerhouse

“I constantly evaluated our production standards in Croatia and have recognised opportunities for real improvement. There's a common perception that Italian and German craftsmanship are the benchmarks, so we're motivated by the question: how can we elevate our standards and excel beyond expectations here in Croatia?” remarked Antonio Ivanisevic, co-founder and CEO of <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana Yachts</a>, during a meeting at this year’s <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show</a>.<img src="https://photo-assets.superyachttimes.com/photo/336087/image/large-ee474d3df29dc74a3870a4c760d78a38.jpeg" data-gid="gid://syiq/Photo/336087">Based in the vibrant Port of Krilo in Jesenice, Croatia, <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana Yachts</a> has carved out a niche in building large sailing yachts. Since its inception, the shipyard has launched three sailing superyachts: the 48.24-metre <a data-gid="gid://syiq/Yacht/12541" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Clase Azul48.24m (158'3&quot;)Tramontana Yachts2022">Clase Azul</a> in 2022, the 52.3-metre <a data-gid="gid://syiq/Yacht/12688" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scorpios52.3m (171'7&quot;)Tramontana Yachts2023">Scorpios</a> in 2023, and the 53-metre <a data-gid="gid://syiq/Yacht/13240" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Reposado53.0m (173'11&quot;)Tramontana Yachts2024">Reposado</a> this year. <a href="http://superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">Superyacht Times</a> Features Writer Enrico Chhibber met with Ivanisevic to discuss the origins of <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana Yachts</a>, the trends in the Croatian yachting market, and the company's future plans.<img src="https://photo-assets.superyachttimes.com/photo/249302/image/large-2995788e3ec8e52199abb970538690d1.jpeg" data-gid="gid://syiq/Photo/249302">Deep Croatian roots&nbsp;On the origins of the name <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana</a>, Ivanisevic elucidated that it is a blend of Slavic and Italian, reflecting the family's heritage and symbolising a wind that comes from the mountains. He added, “Krilio is renowned for its very pleasant winds.”Delving into his background, Ivanisevic shared that he was born in Melbourne, Australia, as his family sought refuge from the war in Croatia in 1991. His mother is Italian and his father Croatian. “We moved back when I was young, in the early 2000s, and I grew up in Krilo, a small coastal town on the Dalmatian coast,” he remarked. From a young age, Ivanisevic felt a profound connection to the sea and his Croatian heritage, noting his family's 13-generation lineage from the Split region on his father’s side. “Having worked as a barman on boats and later as a cruise manager, I’ve always been passionate about the sea and serving people,” he explained.<img src="https://photo-assets.superyachttimes.com/photo/336088/image/large-f86ca04024d9b798a74c86f0023f7d15.jpeg" data-gid="gid://syiq/Photo/336088">The founding of&nbsp;<a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana Yacht</a>sWhen asked about his inspirations for founding <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana Yachts</a>, Ivanisevic cited a significant historical figure in his family. “One of my biggest inspirations was my father’s great-uncle, Don Frane, a senator and a priest three generations ago,” he explained. Don Frane was deeply involved in the export-import business, trading wine and oil with Italy using boats that were simply equipped, with just a captain’s cabin. Ivanisevic continued, “He was a visionary, investing heavily in people’s education – a rarity at the time – &nbsp;and developing financial institutions like a treasury bank, to promote regional development.” Don Frane also contributed to the infrastructure of their hometown, developing the port area in Krilo, which is now being transformed into a marina by the Croatian government.Today, the port in Kirilo is home to around 60 houses and accommodates approximately 300 boats, including many large yachts. He noted, however, that many of these 'yachts' are actually mini-cruise ships and day boats, built in Croatia and owned by Croatians. Discussing the motivation behind founding <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana</a>, Ivanisevic explained it stemmed from the contradiction he saw between subpar finishing on Croatian day boats, and the international acclaim for Croatian craftsmanship. “We often hear from other shipyards, especially in the Netherlands, that Croatian welders are among the best,” Ivanisevic commented. “This led me to question, why can’t we do it ourselves, and do it better right here in Croatia?"<img src="https://photo-assets.superyachttimes.com/photo/336089/image/large-04fd569dfe074819ac77a967ed4b52fd.jpeg" data-gid="gid://syiq/Photo/336089">Building the businessIvanisevic elaborated on his entry into the yacht chartering business, managing bookings personally and encountering numerous remarkable individuals along the way. “These experiences have highlighted the significant, yet often underestimated, role of tourism in our country. We are, in essence, ambassadors of our nation. So why should we settle for mediocrity when we can strive for excellence?” he reflected. Admittedly, he acknowledged, creating a yacht brand was an ambitious venture, but a vision he passionately pursued.As Ivanisevic progressed to the next step of securing financing, he shared his unique approach with potential investors. Insisting on a personal connection before finalising any deals, he even arranged for the investors to meet his family, an introduction that culminated in a barbecue at his mother’s house. After successfully securing the funding, <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana</a> acquired a yacht hull during the COVID-19 pandemic, which became <a data-gid="gid://syiq/Yacht/12541" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Clase Azul48.24m (158'3&quot;)Tramontana Yachts2022">Clase Azul</a>. This initiative was soon followed by the construction and launches of <a data-gid="gid://syiq/Yacht/12688" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scorpios52.3m (171'7&quot;)Tramontana Yachts2023">Scorpios</a> and <a data-gid="gid://syiq/Yacht/13240" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Reposado53.0m (173'11&quot;)Tramontana Yachts2024">Reposado</a>.<img src="https://photo-assets.superyachttimes.com/photo/307841/image/large-3f3cff2b1a812a243903373ce5b5c03b.jpg" data-gid="gid://syiq/Photo/307841">Construction capacity<a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana</a>’s construction capacity is of two new-builds per year, for projects of up to 70-metres in length, as detailed by Ivanisevic. “All processes are managed in-house, with each project initiated six months apart,” he stated. The decision to cap yacht sizes at 70-metres is strategic as “the size is the maximum our team feels comfortable managing, allowing us to maintain quality without significant risk,” he noted.Initially, <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana Yachts</a> chose to focus exclusively on sailing yachts. Reasons for this cited by Ivanisevic &nbsp;included the fact that: “Producing sailing yachts uniquely positions our brand in the Croatian market, where we are the sole shipyard pursuing this niche.” He added that, “this strategic approach not only enhances the distinctiveness of <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana Yachts</a> but also avoids mimicking existing designs.” The production rate set at one 50-metre vessel every 12 months was designed to make a significant impact quickly. Each yacht is crafted with comfort as a priority, primarily targeting the charter market.” This focus has yielded success, despite sailing yachts traditionally having a narrower appeal, emphasising pleasure over performance, shared the founder.In terms of clientele, <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana Yachts</a> serves a global market, predominantly attracting customers from North America, the UK, and Europe, with a growing presence in other regions. When it comes to the design of the yachts, Ivanisevic, along with his brothers, prioritises the guest's perspective. “First, we build for the client's needs, then we construct everything else around that,” he detailed. A notable highlight is the ample space and the toy garage, designed to enhance client satisfaction. “After establishing these key elements, we ensure that everything else follows suit,” he added.<img src="https://photo-assets.superyachttimes.com/photo/284799/image/large-6aea6d7d4a95a56298c6436d0861a805.jpeg" data-gid="gid://syiq/Photo/284799">Croatian market&nbsp;Croatia has increasingly become an attractive destination for yacht charters. Ivanisevic attributes this to several factors: Croatia's progress, its recent entry into the Schengen Area, the growing recognition of the country's beauty, its reputation as a safe destination, and the development of more marina infrastructure.Croatia has traditionally not been associated with new-build superyachts. However, Ivanisevic believes it can position itself as an appealing new player in the market. He explained, “While Dutch and German craftsmanship are renowned for their high quality, they come at a high cost. Turkish construction costs are also on the rise, and Italy, despite being a major yacht building hub, has also seen an increase in prices. In contrast, costs in Croatia are generally lower than in Italy and Turkey, making it an increasingly attractive option for potential buyers.”<img src="https://photo-assets.superyachttimes.com/photo/318724/image/large-3d3f1624fac652f547408a80edf788e0.jpg" data-gid="gid://syiq/Photo/318724"><img src="https://photo-assets.superyachttimes.com/photo/318760/image/large-ce9ef116c84748f7b71511d23f09acde.png" data-gid="gid://syiq/Photo/318760">Future plans and developmentsIvanisevic shared insights into the ambitious future plans for <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana Yachts</a>. He revealed that the company is in the process of acquiring a significantly larger yard to expand their facilities. “Our focus will shift more towards new-builds, including series-built sailing yachts and motor yachts. We are also exploring the potential of opening a refit division,” he stated. The decision to expand into motor yachts is driven by increasing brand awareness and demand. Ivanisevic is confident about the brand's association with Croatia, emphasising, “When people think of <a data-gid="gid://syiq/Company/7351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tramontana Yachts (Company)">Tramontana</a>, they think of quality, safety, and the best of Croatia. We aim to represent our country in the finest way possible.”<img src="https://photo-assets.superyachttimes.com/photo/318736/image/large-865bf4ae03f206b90245d9730bc64bc1.png" data-gid="gid://syiq/Photo/318736">

Antonio Ivanisevic on founding Tramontana Yachts

Discover how Tramontana Yachts elevates Croatian craftsmanship. CEO Antonio Ivansevic shares their journey, recent launches, and future plans.

Pleasant winds: Antonio Ivanisevic on founding Tramontana Yachts

When considering Spain, attention often centres on its well-established cruising destinations, refit facilities, and marina infrastructure, rather than on yacht design. Yet, standing apart from this, <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Marcelo Penna</a>, founder of the <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Marcelo Penna Group</a> in Barcelona since 1984, has emerged as a key figure in the Spanish yacht design landscape, with expertise spanning both exterior and interior design.Originally from Argentina, <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> moved to Spain in 1976. His portfolio showcases a diverse range of yachts. These include the 65.2-metre Phinisi sailing yacht <a data-gid="gid://syiq/Yacht/5648" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lamima65.2m (213'11&quot;)C.V. Mutiara Murni2014">Lamima</a>, the 59-metre <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a> superyacht <a data-gid="gid://syiq/Yacht/3189" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maybe59.0m (193'7&quot;)Metalships & Docks S.A.2016">Maybe</a>, the 28.8-metre <a data-gid="gid://syiq/Company/978" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monty North (Company)">Monty North</a> sailing yacht <a data-gid="gid://syiq/Yacht/7380" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Free At Last 28.8m (94'6&quot;)Monty North2000">Free At Last</a>, and the 25-metre <a data-gid="gid://syiq/Company/5473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moreno Pujal (Company)">Moreno Pujal</a> sailing yacht <a data-gid="gid://syiq/Yacht/3457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blalumar25.0m (82'0&quot;)Moreno Pujal2000">Blalumar</a>. <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a>'s work also extends beyond pleasure craft to include the design of commercial vessels.<img src="https://photo-assets.superyachttimes.com/photo/332613/image/large-9d1733fb10c8e9b8336a013e1e6bdd99.jpg" data-gid="gid://syiq/Photo/332613"><a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> is extensively involved in the latest <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a> new-build, a 37.5-metre <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">CdP</a> Custom explorer yacht, where he is responsible for both the exterior and interior design as well as the naval architecture. The discussion explored his entry into the yachting industry, his collaboration with <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a>, the diverse yachts he has designed, and the future plans for his design house.Entrance to the yachting industryBorn in Argentina, <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> has had a passion for racing sailing yachts since his childhood. With a background in civil engineering, he moved to Barcelona, in Spain, where he worked in architecture for a year. “At that time in Barcelona, there was only one school, a sailing school here in Barcelona, and they asked me to be a partner. So I left architecture and started to sail. The sailing school operated from May to October, and during the winter, we would assist shipyards or transport vessels and yachts,” recounted <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a>.&nbsp;&nbsp;He described his entry into yacht design as accidental, beginning with a desire to design a boat for himself. "By chance, I found a mould of a hull behind an old sailing school building. I asked around, ‘What is this?’ They told me it belonged to a businessman, so I asked, ‘Do you have his contact details?’ They gave me a phone number. It turned out to be a very nice racing 46 foot sailing boat designed by <a data-gid="gid://syiq/Company/171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Frers (Company)">Germán Frers</a>,” he added.Continuing the story, <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> clarified that he initially tried to buy the hull to build a boat for himself. “At that time, I was collaborating with a shipyard, and I met the owner at the yacht club here in Barcelona," he recalled. "He saw me drawing a new interior design on an A4 leaflet and asked what I was doing. I told him that I found this hull and was trying to buy it to make myself a nice racing sailing boat.”The owner then asked <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> to design a similar boat for him, and <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> agreed, noting: "We didn't discuss time or money; that was really the extent of our conversation." He continued, stating: "three months later, I called him and presented the design for a 47-footer. He liked it and said, alright, I will build it.’ That was how it all began, just as simple as that.”After establishing his eponymous label, <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> transitioned from designing small racing sailing yachts to creating both sailing and motor superyachts. He described this shift as a “natural evolution,” driven by customer demand for larger sailing yachts and motor yachts.<a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Marcelo Penna Group</a>To <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a>, the <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Marcelo Penna Group</a> can be characterised as a "one-stop studio," involved in every aspect of yacht design, from exterior styling and structural work to interior design." He credits his multifaceted approach to his background as a civil architect. <img src="https://photo-assets.superyachttimes.com/photo/272616/image/large-4d02988bb40a3093e5f7d97d21b314f0.jpg" data-gid="gid://syiq/Photo/272616">Other services provided by the <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Marcelo Penna Group</a> in the superyacht sector include refit consultancy and the supply of technical equipment for charter yachts, such as water toys, bed linen, and crockery. "We have worked with several yachts, including the 72-metre <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> superyacht <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a>," <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> outlined "We design and create new spaces for customers onboard and have completed numerous refits, from staterooms to other areas. For example, we have added features to helipads and redesigned gyms."The <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Marcelo Penna Group</a>'s services also extend to commercial vessels, encompassing various types, including ferries, passenger vessels, and cargo ships. The company is also active in the car racing sector, collaborating with a supply chain company that builds batteries for the Formula E Extreme series, an international off-road racing competition featuring electric SUVs that race in remote locations around the world, such as the Arctic.<img src="https://photo-assets.superyachttimes.com/photo/272602/image/large-ff67cb960f942fa177d50a4dfcac625f.jpg" data-gid="gid://syiq/Photo/272602">Penna also highlighted that the group is a family firm. <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a>'s wife contributes to the styling, while both his son and daughter are also actively involved in the business. "My son works both at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92</a> and with us (...) and my daughter, who recently completed her studies in interior architecture in Paris, has been working with the firm for the past seven years. The whole family is involved in the <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Marcelo Penna Group</a>," he emphasised. Today, the firm has a global presence, with additional bases in Monaco and in Houston, Texas.<img src="https://photo-assets.superyachttimes.com/photo/272619/image/large-4727695bf79e0f1eb03d73fae79e421c.jpg" data-gid="gid://syiq/Photo/272619">Key projectsThe largest yacht he has designed, for which he oversaw both the exterior design as well as naval architecture, is the 65.2-metre Phinisi yacht <a data-gid="gid://syiq/Yacht/5648" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lamima65.2m (213'11&quot;)C.V. Mutiara Murni2014">Lamima</a>, delivered in 2014. <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> explained that he first became involved in the project and began working with Phinisi yachts after being &nbsp;introduced to the client by a captain he knew from an <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> 47 superyacht. "The client proposed that I design and build a Phinisi," he said. "But they wanted the largest and safest Phinisi ever built. We became the first to classify a Phinisi with <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a>; it was the largest of its kind at that time, constructed entirely of wood."<img src="https://photo-assets.superyachttimes.com/photo/227423/image/large-ba211dd267d2ded2385225c4a16658a0.jpeg" data-gid="gid://syiq/Photo/227423"><a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a>’s current main yacht project is a custom 37.5-metre explorer yacht by <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a>. He revealed that the project originated through a network of brokers from Nice who introduced him to a client."The client had very specific requirements and was looking for something unique. We initially began our search in northern Spain, but then it expanded to Italy, leveraging contacts there. Eventually, we reached <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a>, where we closed the deal.”<img src="https://photo-assets.superyachttimes.com/photo/320474/image/large-1ea029972a837c0745b0bd82df929491.jpg" data-gid="gid://syiq/Photo/320474">Spanish design landscapePenna also shared insight into the state of the Spanish yachting industry, particularly in terms of construction and design, and why it has not developed as significantly as in other southern Mediterranean countries like Italy, France, and Turkey, despite being very present in the refit market for large superyachts. <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> noted that while the sector–especially the sailing and motor yacht segments–was growing, a significant cultural challenge existed in Spain.<img src="https://photo-assets.superyachttimes.com/photo/233768/image/large-7346fff05e0b4fd8140ee6fd46062ecb.jpeg" data-gid="gid://syiq/Photo/233768">“The problem,” <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> pointed, “is rooted in the history and political developments during the Franco era. Yachting was seen as an exclusive activity for the elite–a very closed group. No ordinary person could afford a yacht in Spain. This exclusivity, combined with a lack of state support for yacht construction, has hindered the industry's growth–a significant loss, given the substantial number of jobs that yacht construction can create."However, as <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> explained, "with French influence, the industry began to develop, and a few sailing yacht shipyards emerged, such as <a data-gid="gid://syiq/Company/747" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mefasa (Company)">Mefasa</a>, which built the 41.33-metre sailing yacht <a data-gid="gid://syiq/Yacht/2262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alejandra41.33m (135'7&quot;)Mefasa1993">Alejandra</a>. Another notable shipyard, <a data-gid="gid://syiq/Company/412" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astondoa S.A. (Astilleros) (Company)">Astondoa</a>, specialises in motor yacht construction."<a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> attributed the lack of Spanish designers in the superyacht sector to a cultural perception that historically viewed yacht design as more of a frivolous occupation rather than a serious profession, unlike commercial vessel design. Despite these challenges, <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> believes the direction of the yacht design landscape in Spain is on the right track, with many dedicated professionals now working to drive the industry forward. "It will, however, take time for these efforts to yield their full impact," he emphasised.<img src="https://photo-assets.superyachttimes.com/photo/233766/image/large-368a521574acf916a6065f8b8d50a50e.jpeg" data-gid="gid://syiq/Photo/233766">Expansion and sustainabilityRegarding future plans, <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> revealed that his company will be expanding its presence to Mexico and Istanbul. One of the latest ventures is The Wattio, a new initiative aimed at leveraging the company's extensive knowledge in both naval architecture and electric vehicle (EV) technology. "The idea behind The Wattio," <a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> shared, "is to provide an integrated solution to shipyards or customers combining all our expertise, from naval architecture and engineering, to electrical systems and propulsion."<a data-gid="gid://syiq/Company/1989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marcelo Penna (Company)">Penna</a> underlined that the company is also focusing on implementing more sustainable solutions. "We are working with hybrid systems and exploring new fuels, such as ammonia, methanol, and hydrogen. In recent months, we have been testing hydrogen fuel cells here in Barcelona, including a hydrogen-powered truck currently operating in the city. Our aim is to apply these technologies not only to vehicles but also to boats."<a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa (Company)</a>.<img src="https://photo-assets.superyachttimes.com/photo/322171/image/large-076cb3cc3e28a1fe3331269dc1adc6ef.jpg" data-gid="gid://syiq/Photo/322171">

Marcelo Penna: A spectrum of yacht designs and insights into the Spanish yacht design landscape

Marcelo Penna, founder of the Marcelo Penna Group in Barcelona since 1984, has emerged as a key figure in the Spanish yacht design landscape.

Marcelo Penna: Exploring his diverse yacht designs and insights into the Spanish yacht design landscape

Founded in the mid-2000s by three partners Peder Eidsgaard, Ewa Eidsgaard and Ben Harrison, <a data-gid="gid://syiq/Company/168" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Harrison Eidsgaard (Company)">Harrison Eidsgaard</a> has evolved into one of the foremost design studios in the superyacht industry. Having bought their own studio and completely redesigned the space during an 18 month renovation, the 16 strong design team is now spread across four open-plan floors, within a bright and contemporary building featuring industrial elements that embodies the collaborative and open source mentality of the team. <img src="https://photo-assets.superyachttimes.com/photo/314726/image/large-d1b41c33aa533907165816dd791caccf.jpg" data-gid="gid://syiq/Photo/314726">This year is full of milestones for the studio, with the launch or delivery of six superyachts between 80 and 45 metres and the development of its first semi-custom series projects with both <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> and <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>. The studio is also finalising the dramatic two-year refit of the 72.2-metre <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta</a> superyacht <a data-gid="gid://syiq/Yacht/4814" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Albatross72.2m (236'11&quot;)Delta Marine2016">Albatross</a> at <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a>, another exciting project that reflects the breadth of the firm's capabilities.&nbsp;We took a tour of their new studio this Spring and sat down with the founders, as well as Senior Design Director Richard Whitehouse, to find out more about how <a data-gid="gid://syiq/Company/168" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Harrison Eidsgaard (Company)">Harrison Eidsgaard</a> has developed over the past twenty years, to get an insight into the upcoming projects and to hear a bit more about the culture that sits at the heart of every project the studio creates.<img src="https://photo-assets.superyachttimes.com/photo/314729/image/large-2bfc1b544a3cbbfbc709b267440bd9d6.jpg" data-gid="gid://syiq/Photo/314729">Space to reflect ethosUnlike many of its contemporaries, the studio was formed as a collaboration from its very beginning, and as a result there is no one leader that represents all of its projects. With project management split between the four senior team members, the studio is nimble, able to take on a number of significant projects despite its small size in terms of employees. Peder explains, “When we founded the company we always intended to remain small because we believe that the hands-on approach of the senior designers is extremely important. That belief has remained and we are all very active, particularly in the early stages of the design process, which is vital for the development of all team members.”Ewa adds, “Over the years we have grown conservatively, and we are advocates for slow growth. We have worked hard to maintain the ethos of a small firm, and as a result we are very careful when it comes to selecting new team members because our passion is for younger team members to learn all the time from the senior designers.”<img src="https://photo-assets.superyachttimes.com/photo/314728/image/large-9b8715a217759f40312831080de5b769.jpg" data-gid="gid://syiq/Photo/314728">The design of the studio itself deeply reflects that ethos of collaboration, and though the building is split over four floors, an entirely open and interconnecting stairwell at the heart unites the two design floors in both proximity and sound. While the three founders are above sharing their space with the samples area, their airspace is intrinsically linked with the team on the floor below and as a result their creative discussions are shared with the entire team, allowing them to learn from each other. When discussing the new space with their clients, all shared the same desire to “see where the magic happens”, and to get an insight into the workings of the studio from its surroundings.<img src="https://photo-assets.superyachttimes.com/photo/314732/image/large-975307acebacff133b502924b39a8c19.jpg" data-gid="gid://syiq/Photo/314732">Interior DesignThe sample area is a perfect example of those inner workings. The space over with Ewa reigns is open plan with a series of large storage tables, each bursting with fabrics swatches, marble slabs and intricate wall samples, where material choices can be arranged and examined. Like the inner workings of a designer's mind, the team is able to pick over thousands of the world’s best samples and pull together their clients wishes – often with the client in collaboration, working alongside them at the studio to realise their ideas. <img src="https://photo-assets.superyachttimes.com/photo/306169/image/large-83e2dd0d9a1b94d7f768948b67ee85d3.jpg" data-gid="gid://syiq/Photo/306169">When asked to describe Ewa’s technique and style, Ben and Richard agreed that it is Ewa, who leads the interior team, that is bravest among them, “she is boldest and bravest, always researching, always seeking out the newest techniques, the most interesting materials to incorporate the fashions of the day and to push us into exciting territory.” Inquisitive and palpably excited by design and its ever changing trends, Ewa is passionate about contemporary design, a passion that all founders share.<img src="https://photo-assets.superyachttimes.com/photo/306171/image/large-721d0fe8afd7bad49091972345dae8eb.jpg" data-gid="gid://syiq/Photo/306171">During an interview with SYT in 2018, Ben Harrison commented that it was that very passion that united the founders in the first place. He adds, “We all share that love for modern contemporary design, but our work is not limited to that alone and our projects reflect our adaptability – which is a vital ability when it comes to custom superyacht design.” While the studio has created an array of interior projects, their fingerprints can be seen within a collective purity, spotlighting a limited selection of materials and creating focal points of design within each space.Representative of the studio’s principles, their touch can be seen within the designs of the new Xplorer 80 from <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>. Unveiled in March during the <a data-gid="gid://syiq/Event/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2024">Palm Beach Boat Show</a>, the Xplorer 80 is a prime example of the studio’s interior work. Encapsulating the vessels intended use as a go anywhere explorer superyacht, the spaces are balanced between functionality and aesthetic design and the overall result is a serene and luxurious concept.<img src="https://photo-assets.superyachttimes.com/photo/104137/image/large-89e38f5e9a14871220366ade1dbe0c83.jpg" data-gid="gid://syiq/Photo/104137">Exterior&nbsp;While all design at the studio is a collaborative effort, Peder Eidsgaard leads the charge when it comes to exterior design. His creative flair can be quickly identified in the lines of both the studio’s larger projects, such as <a data-gid="gid://syiq/Yacht/6423" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CC-Summer95.0m (311'8&quot;)Lürssen Yachts2019">Madsummer</a> (now <a data-gid="gid://syiq/Yacht/6423" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CC-Summer95.0m (311'8&quot;)Lürssen Yachts2019">CC-Summer</a>), <a data-gid="gid://syiq/Yacht/2449" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tango77.7m (254'11&quot;)Feadship2011">Tango</a> and <a data-gid="gid://syiq/Yacht/7129" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vanish71.5m (234'7&quot;)Feadship2021">Vanish</a>, right through to the smaller projects such as the new 50 Steel series from <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>, Grace.&nbsp;Championing traditional design skills, Peder emphasises the importance of working from paper and pen and his process is fluid, translating the wishes of the owner into 2D dimensions before they are developed in CAD. “Today there is a great focus on 3-dimensional drawings for superyacht projects, but I believe that sketching by hand is an integral part of the design process,” explains Peder Eidsgaard. “For the <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/7129" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vanish71.5m (234'7&quot;)Feadship2021">Vanish</a>, launched in 2021, the final yacht is almost identical to the sketch I created while sitting in the airport directly after meeting the client – it is that intuitive design process that we really pride ourselves on here at the studio.”<img src="https://photo-assets.superyachttimes.com/photo/314733/image/large-be77ee54f3d12dcda8df218c8465402e.jpg" data-gid="gid://syiq/Photo/314733">When asked to identify the key thematic elements within their work, both Ben and Peder responded that it is the sight-lines that they are extremely careful to preserve. “Good design is almost impossible to put your finger on,” adds Ben Harrison, “but when something isn't right, you feel it when you’re within the space.” A subtle balance that comes with experience and expertise, the details of elements such as door and bulwark heights, that impact the visibility from within and outside the vessel, are a preoccupation of the team.Recognising a yacht as a platform upon which an owner and their guests can live and experience life, and as a result the studio is deeply focused on the flow through the vessel and the feeling of being aboard. This all comes back to the value the team shares of creating a liveable design, with individual focal points within each space, so that the design embraces the guest rather than overwhelms them. <img src="https://photo-assets.superyachttimes.com/photo/306178/image/large-5eb233cb0e7bd4da7954bb58a9eb192d.jpg" data-gid="gid://syiq/Photo/306178">Semi-Custom CreationsWhile the studio is best known for its full-custom superyacht projects, such as the 74.5-metre <a data-gid="gid://syiq/Yacht/6403" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M’Brace74.5m (244'5&quot;)Abeking & Rasmussen2018">Elandess</a> (now <a data-gid="gid://syiq/Yacht/6403" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M’Brace74.5m (244'5&quot;)Abeking & Rasmussen2018">M'Brace</a>), 95-metre <a data-gid="gid://syiq/Yacht/6423" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CC-Summer95.0m (311'8&quot;)Lürssen Yachts2019">Madsummer</a> or the 77.7-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> <a data-gid="gid://syiq/Yacht/2449" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tango77.7m (254'11&quot;)Feadship2011">Tango</a>, the past year has seen an exciting development for the team, with the announcement of semi-custom superyacht projects with both <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> and <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a>. Both Dutch shipyards are renowned for the success of their semi-custom series’, and the new 50 Steel series with <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> and the interior projects for the later <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 60 series, mark a turning point for the studio, while also offering new potential within the remit of design.&nbsp;Though semi-custom is not entirely new for the team, they have been working on the exterior and interior of <a data-gid="gid://syiq/Company/5725" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scout Boats (Company)">Scout Boats</a>’ new 67-foot flagship sportfisher, as well as previous projects with the Airbus 160, it has offered the studio an opportunity to experiment with a new level of creativity. Ewa adds, “it's a balancing act, on one side you are unlimited in terms of potential, but on the other you are looking to create a design that has a broad appeal and can easily be adapted in terms of styling, which is an exciting challenge for the entire team.”<img src="https://photo-assets.superyachttimes.com/photo/314735/image/large-4c22fa1e2997aa7f388030ef611bdd77.jpg" data-gid="gid://syiq/Photo/314735">An exciting moment for the studio in terms of the business itself, Ben Harrison in particular has been championing the semi-custom capabilities of the company to diversify the studio’s portfolio. Full-custom projects, and the studio has a number of large full custom yachts under construction at the moment, such as the the 79-metre <a data-gid="gid://syiq/Yacht/6438" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Toro79.0m (259'2&quot;)Turquoise Yachts2024">Toro</a> at <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a>, tend to be incredibly private yachts.&nbsp;Now with more than 14 projects underway, we hope that we’ll be seeing even more of <a data-gid="gid://syiq/Company/168" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Harrison Eidsgaard (Company)">Harrison Eidsgaard</a>’s designs over the coming years, and make sure to keep your eyes peeled in the coming months for the launch of&nbsp;<a data-gid="gid://syiq/Yacht/6438" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Toro79.0m (259'2&quot;)Turquoise Yachts2024">Toro</a>.

Harrison Eidsgaard yacht designers

Francesca Webster visits Harrison Eidsgaard’s new Richmond studio to hear about the evolution and future of the studio.

Harrison Eidsgaard on collaboration, the art of perspective and their new studio

The 29.6-metre <a data-gid="gid://syiq/Company/2320" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marlow Yachts (Company)">Marlow</a> motor yacht <a data-gid="gid://syiq/Yacht/4286" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rat Pack29.57m (97'0&quot;)Marlow Yachts2011">Rat Pack</a> has been sold. Mordy Miltz of <a data-gid="gid://syiq/Company/6348" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachts360 (Company)">Yachts360</a> introduced the buyer, while Drew Offerdahl of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/352613/image/large-92382b32459df8fbd867f4b7d8504379.jpg" data-gid="gid://syiq/Photo/352613">Delivered in 2011 by <a data-gid="gid://syiq/Company/2320" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marlow Yachts (Company)">Marlow</a>, <a data-gid="gid://syiq/Yacht/4286" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rat Pack29.57m (97'0&quot;)Marlow Yachts2011">Rat Pack</a> is a Marlow 97E, previously named Due Process&nbsp;and Kakawi.&nbsp;She features exterior design and naval architecture crafted in-house by her builder. The 117 GT motor yacht most recently underwent a refit in 2026, following extensive upgrades completed in late 2024.Outside, <a data-gid="gid://syiq/Yacht/4286" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rat Pack29.57m (97'0&quot;)Marlow Yachts2011">Rat Pack</a> features an open flybridge arrangement with upper and lower helm stations. Her exterior refit included new paint, a full teak deck replacement and updated electronics.&nbsp;Built with a GRP hull superstructure, she has a beam of 6.4-metres. Accommodation onboard is arranged for up to eight guests across four staterooms, including two full-beam staterooms.&nbsp;Powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, <a data-gid="gid://syiq/Yacht/4286" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rat Pack29.57m (97'0&quot;)Marlow Yachts2011">Rat Pack</a> has a cruising speed of 20 knots and a top speed of 25 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/4286" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rat Pack29.57m (97'0&quot;)Marlow Yachts2011">Rat Pack</a> had a last known asking price of $2,999,000.

30m Marlow motor yacht Rat Pack sold

The 30-metre Marlow 97E motor yacht Rat Pack has been sold with a last known asking price of $2,999,000.

The 23.9-metre <a data-gid="gid://syiq/Company/362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leopard Yachts (Company)">Leopard</a> motor yacht <a data-gid="gid://syiq/Yacht/11495" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="@Last23.9m (78'5&quot;)Leopard Yachts2003">@Last</a> has been sold in an in-house deal. Alan Le Goff of <a data-gid="gid://syiq/Company/4019" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Althaus Yachts (Company)">Althaus Yachts</a> represented both the buyer and seller. <img src="https://photo-assets.superyachttimes.com/photo/204775/image/large-a83d9c01eff962ec16bdd1b03fd97bce.png" data-gid="gid://syiq/Photo/204775">Delivered in 2003 by Italian shipyard, <a data-gid="gid://syiq/Yacht/11495" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="@Last23.9m (78'5&quot;)Leopard Yachts2003">@Last</a> is a <a data-gid="gid://syiq/Company/362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leopard Yachts (Company)">Leopard</a> 24 model and was previously named iRock. She features exterior design by <a data-gid="gid://syiq/Company/225" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caliari Superyacht Inc. (Company)">Caliari Superyacht</a>, with naval architecture crafted in-house by her builder.&nbsp;Constructed with a GRP hull and superstructure, the 75 GT motor yacht most recently underwent a refit in 2023.Accommodation onboard <a data-gid="gid://syiq/Yacht/11495" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="@Last23.9m (78'5&quot;)Leopard Yachts2003">@Last</a> is arranged for up to six guests across a three-stateroom configuration. Dedicated quarters are provided for a crew of three, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/11495" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="@Last23.9m (78'5&quot;)Leopard Yachts2003">@Last</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, delivering a cruising speed of 25 knots and a top speed of 31 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/11495" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="@Last23.9m (78'5&quot;)Leopard Yachts2003">@Last</a> had a last known asking price of €650,000. Image courtesy of&nbsp;<a data-gid="gid://syiq/Company/492" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="G-Yachts (Company)">G-Yachts</a>.

24m Leopard motor yacht @Last sold

The 24-metre Leopard motor yacht @Last has been sold in-house with a last known asking price of €650,000.

The 40.8-metre <a data-gid="gid://syiq/Company/2528" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anadolu Shipyard (ADIK) (Company)">Anadolu</a> superyacht <a data-gid="gid://syiq/Yacht/12299" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aisha 40.8m (133'10&quot;)Anadolu Shipyard (ADIK)2026">Aisha</a> has been delivered to her owner following her launch in March 2026.<img src="https://photo-assets.superyachttimes.com/photo/400942/image/large-864d0a67d5a023bc9713648f61c1e272.jpg" data-gid="gid://syiq/Photo/400942">Built in 2026 by Turkish shipyard <a data-gid="gid://syiq/Company/2528" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anadolu Shipyard (ADIK) (Company)">Anadolu</a>, <a data-gid="gid://syiq/Yacht/12299" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aisha 40.8m (133'10&quot;)Anadolu Shipyard (ADIK)2026">Aisha</a> was designed inside and out by <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a>. Her naval architecture and engineering were developed by <a data-gid="gid://syiq/Company/7125" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Notilus Design (Company)">Notilus Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/400908/image/large-b388b712e84fd2575751af771f2fefde.jpeg" data-gid="gid://syiq/Photo/400908">Built entirely in aluminium, Turkish project management firm <a data-gid="gid://syiq/Company/7046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Eureka Yachts (Company)">Eureka Yachts</a> oversaw the project. The project was developed to “balance the owner’s request for substantial interior volume with a platform that could still deliver strong performance and confident behaviour at sea,” explained <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a> during her launch. <img src="https://photo-assets.superyachttimes.com/photo/400907/image/large-0c4b78c18d0f2b5465d983173babf15d.jpeg" data-gid="gid://syiq/Photo/400907" 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/400909/image/large-4eed324f8a8348dddf07ad007d3a02c0.jpeg" data-gid="gid://syiq/Photo/400909">Read more:&nbsp;<a data-gid="gid://syiq/Article/65539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="40m Anadolu superyacht Aisha launched (2026-03-04 11:30:00 +0100)">41m Anadolu superyacht Aisha launched</a>Outside, <a data-gid="gid://syiq/Yacht/12299" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aisha 40.8m (133'10&quot;)Anadolu Shipyard (ADIK)2026">Aisha</a> showcases a sleek raised pilothouse profile with generous exterior living spaces, designed for family cruising. Moreover, her aluminium construction supports both performance and spacious onboard living.<img src="https://photo-assets.superyachttimes.com/photo/400917/image/large-756000cc0f38f70f00be78da39f798c4.jpeg" data-gid="gid://syiq/Photo/400917" 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;">Stepping inside, <a data-gid="gid://syiq/Yacht/12299" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aisha 40.8m (133'10&quot;)Anadolu Shipyard (ADIK)2026">Aisha</a> welcomes guests in a 60-square-metre main saloon, thoughtfully conceived as the heart of family life onboard. A tilting window linking the saloon and galley creates a seamless connection between the spaces, reflecting the owner's brief for a layout that highly encourages guests to socialise. <img src="https://photo-assets.superyachttimes.com/photo/400916/image/large-dbe624d9af2570b8a0f2f1e61e84507b.jpeg" data-gid="gid://syiq/Photo/400916"><img src="https://photo-assets.superyachttimes.com/photo/400915/image/large-27dfb1c9f699bbbe8cb3ea5978743046.jpeg" data-gid="gid://syiq/Photo/400915"><img src="https://photo-assets.superyachttimes.com/photo/400913/image/large-303a79d55307892d9a8d2a9b66efc75a.jpeg" data-gid="gid://syiq/Photo/400913">With a beam of 9.1-metres and stretching at 360 GT, accommodation onboard is arranged for up to 10 guests across five staterooms including a full-beam owner's suite on the main deck complete with a private office and his-and-hers bathrooms. Separate quarters sleep up to eight crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/400918/image/large-02eaad421c634d9d0035b54685f836b2.jpeg" data-gid="gid://syiq/Photo/400918"><img src="https://photo-assets.superyachttimes.com/photo/400914/image/large-7622b2c48b585149b80352c37fd75058.jpeg" data-gid="gid://syiq/Photo/400914"><img src="https://photo-assets.superyachttimes.com/photo/234869/image/large-9a8af5782490b102527ccc83453cf8b4.jpg" data-gid="gid://syiq/Photo/234869">In terms of performance, <a data-gid="gid://syiq/Yacht/12299" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aisha 40.8m (133'10&quot;)Anadolu Shipyard (ADIK)2026">Aisha</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, delivering a cruising speed of 15 knots, a top speed of 19 knots. At 15 knots, she offers a range of 1,500 nautical miles. <img src="https://photo-assets.superyachttimes.com/photo/234866/image/large-baf352aaa2e5ad1458a704af41cab896.jpg" data-gid="gid://syiq/Photo/234866"><img src="https://photo-assets.superyachttimes.com/photo/387260/image/large-e8cf102e2a41fc90a910289e484c0fa8.jpg" data-gid="gid://syiq/Photo/387260">

41m Anadolu superyacht Aisha delivered

The 40-metre Anadolu superyacht Aisha has been delivered to her owner following her launch in March 2026.


41m custom Anadolu superyacht Aisha delivered

Spainish shipyard <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a> could soon change ownership after <a data-gid="gid://syiq/Company/4235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rodman (Company)">Grupo Rodman</a> requested authorisation to transfer its shares to a newly established company linked to a US industrial group, according to reports in the Spanish media.<img src="https://photo-assets.superyachttimes.com/photo/400880/image/large-dfc93c451caf676a96be1d4ae8baf3ab.png" data-gid="gid://syiq/Photo/400880">The proposed transaction is currently under review by the Port Authority of Vigo, which owns the land where the shipyard operates. The authority is expected to consider the request as part of its board meeting.According to Spanish newspaper Faro de Vigo, the likely buyer is Oyster Ocean LLC, a Delaware-registered company established in January 2026 and reportedly part of a larger US industrial conglomerate. The transaction would reportedly be completed through the recently incorporated Spanish company Océano de Ostras SL, although the sale has not yet been finalised.<a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a> currently holds five port concessions in Vigo covering more than 33,000 square-metres of land, in addition to a floating dock occupying a further 5,730 square-metres. Earlier this year, the majority of these concessions were renewed until 2042.The potential sale follows years of speculation surrounding the future ownership of the shipyard. In 2008, Metalships attracted interest from a Miami-based investment group led by Galician businessman Mario Pérez Rivera in a deal reportedly valued at €60 million. In 2015, China Sonangol International subsidiary CS Europe Investment acquired a stake in the company before ownership returned to Galician hands two years later.<img src="https://photo-assets.superyachttimes.com/photo/400879/image/large-3a4d237c29da2ec97f5badbfe4a2fa88.jpg" data-gid="gid://syiq/Photo/400879"><a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a> has remained one of Spain's leading shipyards for refit and repair work, with assets such as a 162-metre floating dock, which is one of the largest operated by a privately owned shipyard in Galicia.The yard has also delivered several high-profile projects across multiple sectors, including the 138-metre sailing cruise vessel Sea Cloud Spirit, the Regina C fishing vessel and the offshore support vessel North Sea Giant.&nbsp;In the superyacht sector, <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships</a> has established a strong reputation for undertaking complex refit and maintenance projects on large yachts visiting the Mediterranean and Atlantic regions. In 2016, they launched the 59-metre superyacht <a data-gid="gid://syiq/Yacht/3189" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maybe59.0m (193'7&quot;)Metalships & Docks S.A.2016">Maybe</a>, which at the time was the largest ever to have been designed and built in Spain.&nbsp;If the transaction proceeds, <a data-gid="gid://syiq/Company/4235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rodman (Company)">Grupo Rodman</a> will continue its shipbuilding activities through Rodman Polyships, its composites division.&nbsp;In regards to yachts, they launched the 32-metre yacht <a data-gid="gid://syiq/Yacht/5506" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nirvana32.0m (104'12&quot;)Rodman2005">Nirvana</a> in 2005, which was <a data-gid="gid://syiq/Article/62821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Three yachts destroyed in fire on Miami River (2025-03-10 10:30:00 +0100)">destroyed in a fire in 2025</a> on the Miami River, and the 24-metre <a data-gid="gid://syiq/Yacht/14144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mr Corn24.0m (78'9&quot;)Rodman2010">Mr Corn</a> in 2010.&nbsp;The company is currently working on the largest contract in its history, building 19 patrol vessels between 11 and 35 metres for the Ministry of National Defence of the Democratic Republic of the Congo in a contract valued at more than €50 million.Both <a data-gid="gid://syiq/Company/4235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rodman (Company)">Grupo Rodman</a> and <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a> have not publicly commented on the reported sale. The outcome now depends on approval from the Port Authority of Vigo before any transfer of ownership can be completed.

Metalships & Docks to be acquired by US buyer

Metalships & Docks could soon change ownership after Grupo Rodman requested authorisation to transfer its shares to a US industrial group.

US buyer set to acquire Spanish shipyard Metalships & Docks

The 25.3-metre <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> motor yacht <a data-gid="gid://syiq/Yacht/6937" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astarte25.3m (83'0&quot;)Ferretti Yachts2007">Astarte</a> has been sold in an in-house transaction. Spiros Andrikopoulos of <a data-gid="gid://syiq/Company/6067" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Attica Yachts (Company)">Attica Yachts</a> represented both the buyer and seller.<img src="https://photo-assets.superyachttimes.com/photo/400878/image/large-8f6b0ec99a977bc1f1116bc17cc2032b.jpg" data-gid="gid://syiq/Photo/400878">Built by the Italian shipyard and delivered in 2007, Astarte (ex Natalia Star) is a <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti&nbsp;</a>830. She features exterior design and interior design by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project,</a>&nbsp; with naval architecture developed in-house by her builder. &nbsp;Constructed with a GRP hull and superstructure, she has a beam of 6.26-metres and a draft of 1.87-metres. At an interior volume of 80 GT, accommodation onboard the yacht is arranged for up to nine guests, alongside a crew of four, including her captain.In terms of propulsion, <a data-gid="gid://syiq/Yacht/6937" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astarte25.3m (83'0&quot;)Ferretti Yachts2007">Astarte</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, delivering a cruising speed of 29 knots and a top speed of 32 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/6937" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astarte25.3m (83'0&quot;)Ferretti Yachts2007">Astarte</a> had a last known asking price of €1,700,000.Image courtesy of <a data-gid="gid://syiq/Company/6067" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Attica Yachts (Company)">Attica Yachts</a>.

25m Ferretti motor yacht Astarte sold

The 25-metre Ferretti 830 motor yacht Astarte has been sold in an in-house deal by ATTICA Yachts.

<img src="https://photo-assets.superyachttimes.com/photo/400877/image/large-f9c7308ed02e19d5beacc8ba247ae01d.jpg" data-gid="gid://syiq/Photo/400877">Seen this week in Gibraltar was the 83.5-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/5598" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah83.5m (273'11&quot;)Feadship2015">Savannah</a>.Delivered in 2015, <a data-gid="gid://syiq/Yacht/5598" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah83.5m (273'11&quot;)Feadship2015">Savannah</a> made history as <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship’s</a> first hybrid superyacht. Combining an innovative electro-mechanical propulsion system with a highly efficient streamlined hull design, she was developed to offer extended cruising capability, reduced fuel consumption and improved operational efficiency.Sold in May 2025 to her current owner, <a data-gid="gid://syiq/Yacht/5598" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah83.5m (273'11&quot;)Feadship2015">Savannah</a> features interior and exterior design created by <a data-gid="gid://syiq/Company/4421" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CG Design (Company)">CG Design</a>, working in collaboration with <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a>, who developed her naval architecture. From the exterior, the yacht is defined by her clean profile, sharp lines and contemporary appearance.Among her standout features is the semi-submerged Nemo Lounge, offering guests an underwater viewing experience. Additional amenities include a nine-metre aft-deck swimming pool, a touch-and-go helipad, a DJ station on the sundeck, a gym, spa and hammam.Powered by a hybrid diesel-electric propulsion system, <a data-gid="gid://syiq/Yacht/5598" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah83.5m (273'11&quot;)Feadship2015">Savannah</a> reaches a top speed of 17 knots and cruises comfortably at 14 knots, combining performance with long-range efficiency.Following her departure from Gibraltar on 20 July, <a data-gid="gid://syiq/Yacht/5598" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah83.5m (273'11&quot;)Feadship2015">Savannah</a> is currently moored in Olbia, northeastern Sardinia, Italy, according to AIS data.

Feadship yacht Savannah in Gibraltar

Seen this week in Gibraltar was the 83.5-metre Feadship superyacht Savannah.

84m hybrid Feadship superyacht Savannah in Gibraltar

The 24.6-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> motor yacht <a data-gid="gid://syiq/Yacht/7458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balance24.64m (80'10&quot;)Sanlorenzo2018">Balance</a> has been sold with Sebastian Jerolimov of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/179103/image/large-e2a336ea19d02a243cb5ee9baef2bb23.jpeg" data-gid="gid://syiq/Photo/179103">Delivered in 2018 by Italian shipyard, <a data-gid="gid://syiq/Yacht/7458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balance24.64m (80'10&quot;)Sanlorenzo2018">Balance</a> forms part of the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> SL78 series. She was designed inside and outside by <a data-gid="gid://syiq/Company/366" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Officina Italiana Design (Mauro Micheli) (Company)">Officina Italiana Design (Mauro Micheli)</a>, while her naval architecture was crafted in-house by her builder.<a data-gid="gid://syiq/Yacht/7458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balance24.64m (80'10&quot;)Sanlorenzo2018">Balance</a> is equipped with electric zero-speed stabilisers for comfort both underway and at anchor, as well as an additional <a data-gid="gid://syiq/Company/6231" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kohler Engines (Company)">Kohler</a> generator. Her exterior decks provide multiple lounging and dining areas, creating a seamless connection with her interior spaces.Constructed with a GRP hull and superstructure, she has a beam of 5.74-metres and a draft of 1.84-metres. Spanning 70 GT, Balance accommodates up to eight guests across a four-stateroom configuration. Dedicated quarters are provided for up to three crew members, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/7458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balance24.64m (80'10&quot;)Sanlorenzo2018">Balance</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, delivering a cruising speed of 23 knots and a top speed of 30 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/7458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balance24.64m (80'10&quot;)Sanlorenzo2018">Balance</a> had a last known asking price of €2,890,000. Image courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

25m Sanlorenzo motor yacht Balance sold

The 24.6-metre Sanlorenzo motor yacht Balance has been sold with a last known asking price of €2,890,000.

The 40.8-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti Yachts (Company)">Benetti</a> motor yacht <a data-gid="gid://syiq/Yacht/10446" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tosun40.8m (133'10&quot;)Benetti Yachts2022">Tosun</a> has been sold. Nikolas Daoutis of <a data-gid="gid://syiq/Company/888" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atalanta Marine (Company)">Atalanta Marine</a> represented the buyer, while Thibault Roi and Peter Brown of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/325909/image/large-c9f2d6c557cc9c5b2a2fbd725189d8e3.jpg" data-gid="gid://syiq/Photo/325909">Delivered in 2022 by Italian shipyard, <a data-gid="gid://syiq/Yacht/10446" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tosun40.8m (133'10&quot;)Benetti Yachts2022">Tosun</a> is a <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti Yachts (Company)">Benetti</a> Oasis featuring exterior design by <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a>, while her interior design was penned by <a data-gid="gid://syiq/Company/5263" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bonetti / Kozerski architecture DPC (Company)">Bonetti/Kozerski Architecture DPC</a>. Her naval architecture was crafted in-house by her builder <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti Yachts (Company)">Benetti</a>.Constructed with a GRP hull and superstructure, she has a beam of 8.5-metres and an interior volume of 386 GT. Accommodation onboard is arranged for up to 10 guests across five well-appointed staterooms. Dedicated quarters are available for a crew of nine, including her captain.In terms of propulsion, <a data-gid="gid://syiq/Yacht/10446" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tosun40.8m (133'10&quot;)Benetti Yachts2022">Tosun</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, delivering a cruising speed of 12 knots and a maximum speed of 16 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/10446" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tosun40.8m (133'10&quot;)Benetti Yachts2022">Tosun</a> had a last known asking price of €20,900,000. Image courtesy of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>.

41m Benetti Oasis motor yacht Tosun sold

The 41-metre Benetti Oasis 40M motor yacht Tosun has been sold, involving Burgess and Atalanta Marine.

The 60-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> motor yacht <a data-gid="gid://syiq/Yacht/1193" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caipirinha60.0m (196'10&quot;)Lürssen Yachts2009">Caipirinha</a> is now sold. Charles Carveles and Robert Halperin of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> introduced the buyer, while <a data-gid="gid://syiq/Person/392" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alex Banning, United Kingdom (Person)">Alex Banning</a> of <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a>, alongside Alex Busher and Cornelius Gerling of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> represented the seller. <img src="https://photo-assets.superyachttimes.com/photo/391218/image/large-ad1c49ce47e9ae5af2a9e2717400ac4b.jpg" data-gid="gid://syiq/Photo/391218">Delivered in 2009 by the German shipyard, <a data-gid="gid://syiq/Yacht/1193" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caipirinha60.0m (196'10&quot;)Lürssen Yachts2009">Caipirinha</a> features exterior design by <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, with interiors penned by <a data-gid="gid://syiq/Company/2091" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mark Berryman Design Ltd (Company)">Mark Berryman Design</a>. Her naval architecture was crafted in-house by her builder. The yacht most recently underwent an extensive refit in 2025.&nbsp;On deck, highlights include a generous aft dedicated to dining, lounging and sunbathing, alongside a sundeck Jacuzzi, sunpads and shaded social spaces. Inside, guests are welcomed in a spacious main saloon featuring large windows, sculptural furnishings and curated pieces.&nbsp;With an interior volume of 1,182 GT, accommodation onboard is arranged for up to 12 guests across six well-appointed staterooms, including a full-beam owner’s suite, a VIP suite and four guest staterooms. Separate quarters sleep up to 14 crew members, catering to private and charter operations.In terms of performance, <a data-gid="gid://syiq/Yacht/1193" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caipirinha60.0m (196'10&quot;)Lürssen Yachts2009">Caipirinha</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 15.5 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/1193" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caipirinha60.0m (196'10&quot;)Lürssen Yachts2009">Caipirinha</a> had a last known asking price of €39,900,000. Image courtesy of &nbsp;<a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a>.

60m Lürssen superyacht Caipirinha sold

The 60-metre Lürssen superyacht Caipirinha has been sold, with SuperYachtsMonaco and Edmiston. 

<a data-gid="gid://syiq/Company/4585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Idea Yachting (Company)">Idea Yachting</a> has announced the sale of a <a data-gid="gid://syiq/Yacht/16782" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta 104/1131.8m (104'4&quot;)Mangusta Yachts2027">new-build 31.8-metre Mangusta 104 REV</a>, with Marco Fiorani representing the buyer. She is the <a data-gid="gid://syiq/Yacht/16782" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta 104/1131.8m (104'4&quot;)Mangusta Yachts2027">eleventh hull</a> in the series and is currently under construction at <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine</a>'s shipyard in Viareggio. Delivery is scheduled for spring 2027.<img src="https://photo-assets.superyachttimes.com/photo/400854/image/large-b120343d877e8c8104d8e7066d457f6d.jpg" data-gid="gid://syiq/Photo/400854">The 31.8-metre Mangusta 104 REV was developed through a collaboration between <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine Group</a>'s Engineering Department and <a data-gid="gid://syiq/Company/1124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lobanov Design (Company)">Lobanov Design</a>. She features exterior design by <a data-gid="gid://syiq/Company/1124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lobanov Design (Company)">Lobanov Design</a>, while her naval architecture was developed in-house by her builder.Outside, she presents a sporty profile characterised by sleek lines and expansive glazing, strengthening the connection between the yacht's interior and exterior spaces.Designed as part of the Mangusta Maxi Open range, the yacht offers generous outdoor living areas alongside refined interiors defined by expansive glass surfaces seamlessly integrated into her architecture to enhance onboard comfort as well as aesthetics.According to the shipyard, the model combines the brand's design language with a contemporary approach to onboard living.Constructed with a GRP hull and superstructure, she has a beam of 7.06-metres and a shallow draft of 1.6-metres, allowing access to shallow reefs and remote anchorages. At an interior volume of 165 GT, accommodation onboard is arranged for up to 10 guests across four staterooms. Dedicated quarters sleep up to four crew members, including her captain.In terms of performance, she is powered by twin MTU engines, propelling her to a top speed of 30 knots and a cruising speed of 25 knots.&nbsp;

Eleventh new-build 32m Mangusta 104 REV sold

The eleventh new-build 32-metre Mangusta 104 REV has been sold, with Idea Yachting's Marco Fiorani representing the buyer.

Long Read

SYT iQ market report: Superyacht sales of 2022