Annually, the superyacht industry encounters several serious incidents. While fires frequently capture public attention, other significant events such as sinking and collisions also occur.<img src="https://photo-assets.superyachttimes.com/photo/310521/image/large-021a0cc55a9326cec9fcf5e37373de83.jpg" data-gid="gid://syiq/Photo/310521">The numerous reports on such incidents this year - including the tragic loss of life onboard the 55.9-metre <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> sailing yacht <a data-gid="gid://syiq/Yacht/39" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bayesian55.9m (183'5&quot;)Perini Navi2008">Bayesian</a> – prompt a critical question: Are yacht casualties on the rise?Read: <a data-gid="gid://syiq/Article/61281" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Investigation continues into the 56m Bayesian yacht sinking in Palermo, Italy (2024-08-28 10:30:00 +0200)">Investigation continues into the 56m Bayesian yacht sinking in Palermo, Italy</a>It is essential to assess whether the frequency of these incidents is truly increasing, or if, relative to the growing fleet size, the rate of casualties has significantly changed or remained relatively stable.Notably, the superyacht operating fleet over 30 metres has grown by 37%, from 4,338 in 2014 to 5,949 as of August 2024, which could potentially lead to a higher number of incidents as more yachts are in operation.• This article reveals that 2024 has seen the highest number of major incidents to date, with 17 casualties recorded. In comparison, there were only three major incidents in 2023, and the previous peak was 14 in 2019.• However, when analysing the casualty rate relative to the growth of the superyacht fleet, the incident rate stood at 0.29% in 2024. While this is the highest rate since 2014, it marks only a minuscule increase from the previous peak of 0.28% in 2018.Read: <a data-gid="gid://syiq/Article/61112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="37m Sanlorenzo motor yacht LoveBug deliberately run aground in Chesapeake Bay, USA (2024-07-29 10:00:00 +0200)">37m Sanlorenzo motor yacht LoveBug deliberately run aground in Chesapeake Bay, USA</a><img src="https://photo-assets.superyachttimes.com/photo/320699/image/large-6d2afa368e33e8c07b861e8a94a00988.jpeg" data-gid="gid://syiq/Photo/320699">How <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>&nbsp;categorises yacht casualtiesThis article focuses exclusively on major casualties that have resulted in yachts being destroyed, sidelined for an extended period, or requiring a complete rebuild.<a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> categorises yacht casualties into two distinct types: 'fire' and 'damage.' Fires, due to their specific nature and often very destructive impact, are treated as a separate category from other forms of damage. The 'damage' category includes various types of harm, such as sinkings, collisions, and groundings. Read:&nbsp;<a data-gid="gid://syiq/Article/61149" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Video: 47m Admiral yacht Ethos taking on water in Greece (2024-07-31 14:15:00 +0200)">Video: 47m Admiral yacht Ethos taking on water in Greece</a><img src="https://photo-assets.superyachttimes.com/photo/321068/image/large-df80a0d6a2613571c5b277a286d88ab5.jpg" data-gid="gid://syiq/Photo/321068">For statistical purposes, 'damage' is subdivided into 'sunk' and 'other damage.' For example, a yacht that has been submerged will sustain different types of damage compared to a yacht that has merely grounded and taken on some water. Additionally, a yacht that is partially submerged is also classified under 'sunk.' Furthermore, if a yacht caught fire and subsequently sank, it is recorded as a "fire" casualty.Casualties in numbersAccording to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, the number of 30m+ yacht casualties has fluctuated since 2014 without a discernible pattern. There were four casualties in 2014, which increased to 14 in both 2018 and 2019, before declining by approximately 79% to three casualties in 2023. As depicted in the graph below, this year has seen a dramatic increase from the previous year, and remains about 21% higher than the peak years of 2018 and 2019.<img src="https://photo-assets.superyachttimes.com/photo/324529/image/large-751d98c16ff0fe137ce1b28e0868b06a.jpg" data-gid="gid://syiq/Photo/324529">Yacht casualties by typeBetween 2014 and 2019, the number of yachts severely damaged due to fire, sinking, or other serious incidents increased from four to 14. However, after reaching a peak in 2019, the figures declined, with only three yachts recorded as lost in 2023.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/322669/image/large-706dcc586a63040fdb860f1ca71f2466.png" data-gid="gid://syiq/Photo/322669">In contrast, 2024 witnessed a significant resurgence in damage, with the number of severely damaged yachts increasing almost sixfold compared to 2023. This marks a 21% increase since the peak year of 2019, as of August 2024.Read:<a data-gid="gid://syiq/Article/61236" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="UPDATE: 47m yacht Atina sinks following fire in Olbia, Sardinia (2024-08-13 14:15:00 +0200)">UPDATE: 47m yacht Atina sinks following fire in Olbia, Sardinia</a><img src="https://photo-assets.superyachttimes.com/photo/324530/image/large-88f0ebf6c2281255aeee8ecf58d6016c.jpg" data-gid="gid://syiq/Photo/324530">Moreover, of the 92 yachts severely damaged between 2014 and 2024, only 13 were sailing yachts, accounting for 14% of the total. For comparison, sailing yachts constitute 15% of the operational fleet over 30-metres, while motor yachts make up 85%. This suggests that the frequency of casualties for both types of yachts is nearly proportional to their numerical representation within the overall fleet.What is the rate of casualties relative to the growth and size of the superyacht fleet?Despite the increase in the total number of incidents involving yachts over 30-metres, when calculated as a proportion of the operating fleet size for that year, the incident rate was approximately 0.29% in 2024. Although this is the highest rate since 2014, it represents only a negligible increase from the previous peak of 0.28% in 2018, as illustrated in the graph below.<img src="https://photo-assets.superyachttimes.com/photo/324494/image/large-b18fb6ec819c21787fffd899aeaf2abc.jpg" data-gid="gid://syiq/Photo/324494">The data above indicates that despite the perceived increase in accidents on superyachts this year, there has been only a marginal rise from the peak in 2018. Superyachts continue to maintain a high level of safety, with no significant surge in incidents, and casualties.2024 appears to be the year with the highest number of major incidents, registering 17 casualties. However, these figures fluctuate annually, evidenced by just three major yacht casualties last year. It is too early to determine the cause of this significant increase. <a href="http://superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">Superyacht Times</a> will continue to monitor official reports and provide updates as new information becomes available.

 SYT iQ Insight: Are yacht casualties on the rise?

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LoveBug yacht aground

Ethos yacht aground in Evretis Bay Kefalonia

Atina yacht fire 

30m+ Superyacht fleet growth and casualty trends: 2014-2024

Number of 30m+ yacht casualties 2014-2024 

SYT iQ: yacht casualties by type

The numerous reports on such incidents this year prompt a critical question: Are yacht casualties on the rise?



Self Made yacht fire

<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> is pleased to announce the launch of <a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2026</a>. Created in partnership with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>, the annual report returns with its most comprehensive edition to date, offering an in-depth analysis of the global superyacht market and the trends shaping the industry’s future.Now in its 11th edition, The State of Yachting has established itself as one of the industry’s leading market intelligence reports, delivering detailed insights into new-build activity, brokerage sales, charter performance, refit developments and wider market movements.<a href="https://www.superyachttimes.com/yacht-news/state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">Download</a><a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">&nbsp;The State of Yachting 2026: In partnership with Safe Harbor</a><img src="https://photo-assets.superyachttimes.com/photo/395089/image/large-78a9f670554bd483c155163124aae620.jpg" data-gid="gid://syiq/Photo/395089">Powered by <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a>’ proprietary intelligence platform SuperYacht iQ, the report combines extensive market data with expert analysis to provide a clear overview of the current state of the superyacht sector.Merijn de Waard, CEO of <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a>, commented: “We are delighted to partner with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> for this year’s edition of The State of Yachting. As the industry continues to evolve globally, collaborating with a partner that shares our long-term vision for the future of yachting makes this year’s report particularly meaningful.”<iframe width="640" height="360" src="https://www.youtube.com/embed/otOo0EY_AAs?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> What to expect from The State of Yachting 2026This year’s edition explores some of the key developments influencing the market across 2025 and into 2026. Alongside detailed statistical breakdowns covering yacht sales, order books and fleet development, the report also examines shifting regional dynamics, evolving owner demographics and emerging trends across design, sustainability and charter operations.<img src="https://photo-assets.superyachttimes.com/photo/395091/image/large-c6d8eff9abb8dedaa11d2516fa0865de.png" data-gid="gid://syiq/Photo/395091">Commenting on this year’s edition, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> Head of Intelligence Ralph Dazert shared: “The superyacht industry continues to evolve at pace, driven by changing client expectations, technological innovation and the expansion of emerging markets. The State of Yachting 2026 provides a comprehensive overview of where the market stands today and where we see opportunities and challenges developing in the years ahead.”<img src="https://photo-assets.superyachttimes.com/photo/395088/image/large-3c8341a20ba93b2b548cbee1a06711ed.jpg" data-gid="gid://syiq/Photo/395088">Report access<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SYT</a> Premium subscribers will be able to access and download the full report directly via the SuperYacht Times website. In partnership with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>, this year’s report reflects a shared commitment to delivering meaningful industry insight and supporting informed decision-making across the global superyacht sector.<a href="https://www.superyachttimes.com/yacht-news/state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">Download</a><a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">&nbsp;The State of Yachting 2026: In partnership with Safe Harbor</a>Want to know more about Premium Content? Subscribers can unlock access to The State of Yachting 2026, exclusive market reports, How To Build It, quarterly newspapers and additional premium intelligence content through a&nbsp;<a href="https://www.superyachttimes.com/users/sign_up?premium_content=true" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times Premium subscription</a>.

The State of Yachting 2026 in partnership with Safe Harbor

The state of Yachting 2026, in partnership with Safe Harbour, is here!

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The State of Yachting 2026: In partnership with Safe Harbor

A new study commissioned by the <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">Superyacht Builders Association (SYBAss)</a> and <a data-gid="gid://syiq/Company/6042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Superyacht Life Foundation (Company)">The Superyacht Life Foundation (SYL)</a> has revealed that the global superyacht industry generated approximately €54 billion in total economic output in 2022.<img src="https://photo-assets.superyachttimes.com/photo/394792/image/large-c868cea6a77bcff39975852d62a13272.jpg" data-gid="gid://syiq/Photo/394792">Conducted by Deloitte and Vrije Universiteit Amsterdam, the Global Economic Impact of the Superyacht Industry study supports <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">SYBAss</a>’s new Superyacht Builders Advocacy Campaign. The initiative is designed to increase awareness of the role yacht builders play through employment, industrial innovation and long-term economic activity across coastal regions.According to the study, the industry generated €22 billion in direct expenditure, which in turn created a further €32 billion in indirect economic activity through global supply chains and tourism, operations, hospitality and maritime services.The study identified the new-build segment as the most economically catalytic segment of the industry, generating a multiplier effect of 2.8. This means that every €1 invested in building a yacht creates an additional €1.8 in economic value across the wider economy through suppliers, subcontractors, logistics, engineering, services and long-term operational activities.While downstream sectors such as charter, brokerage, marinas, tourism and hospitality generate significant recurring annual revenue, the study demonstrated that these activities fundamentally depend on the continued construction and renewal of the global fleet by builders and yacht owners.According to the study, new vessel construction alone accounts for 37 percent of the industry’s total economic impact, which equates to approximately €20 billion globally. It also found that new-build activity equates to long-term growth, as every newly delivered yacht expands the downstream operational economy for decades to come.The report also highlighted the growing importance of the refit and maintenance sector, which contributes an estimated €5.6 billion to the global economy, representing around 11 percent of the industry’s total impact. As the worldwide fleet continues to age and modernise, the study identifies refit activity as one of the sector’s strongest long-term growth opportunities.<img src="https://photo-assets.superyachttimes.com/photo/394795/image/large-e32a4e678897430977b68dfc646294fe.jpg" data-gid="gid://syiq/Photo/394795">Builders remain at the core of the industryThe study also identified the industrial significance of the upstream sector, which comprises both new-build and refit activity. This serves as the industry’s industrial core with a total direct economic impact of approximately €9.5 billion. Within this figure, new-build operations account for 76 percent of total shipyard turnover, equivalent to €7.2 billion, while refit activities contribute the remaining €2.3 billion.Despite the luxury image often associated with the finished product, the study describes yacht construction as fundamentally a blue-collar manufacturing industry. Each vessel requires years of coordinated work involving welders, engineers, electricians, naval architects, carpenters, painters, metal workers and project managers, alongside extensive supplier networks.Much of the workforce is trained through apprenticeships and specialist vocational programmes to meet the technical demands of modern superyacht construction.<img src="https://photo-assets.superyachttimes.com/photo/394794/image/large-56e78c18a3842227faecfb8072284cf3.jpg" data-gid="gid://syiq/Photo/394794">Long-term economic contribution of the global fleetAccording to the report, the global superyacht fleet now approaches 5,600 vessels, with each yacht contributing an average of €9 million annually to the economy. This figure is calculated through its operational lifetime with maintenance, crew employment, marina services, fuel supply, tourism expenditure and refit cycles all contributing towards the total.The study also noted that while numerous suppliers and contractors contribute to each project, long-term responsibility for the yacht ultimately remains with the shipyard whose name appears on the vessel throughout its lifespan. Therefore, builders carry disproportionate industrial, financial, operational and reputational responsibility relative to the broader ecosystem.“The global superyacht industry is not merely sustained by tourism, operations, and luxury services,” explained the study. “It is fundamentally made possible by the industrial capabilities, craftsmanship, investment and long-term commitment of yacht builders.”Over the next few months, the Superyacht Builders Advocacy Campaign will continue to share new insights, industry perspectives, and data-driven analysis. Through this initiative, <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">SYBAss</a> aims to strengthen awareness of the sector’s industrial, economic, and social contribution while supporting greater recognition of the highly skilled workforce, innovation ecosystem, and long-term value creation.Founded in 2007, <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">Superyacht Builders Association</a> represents leading superyacht builders worldwide and works to support collaboration, environmental innovation and evolving industry standards across the sector.(All images courtesy of SYBAss.)

SYBAss and SYL study reveals economic impact of superyacht industry

A new study by SYBAss and SYL revealed that the global superyacht industry generated approximately €54 billion in total economic output in 2022.

New study highlights €54 billion economic output of global superyacht industry

SuperYacht Times is pleased to announced the release of the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2026</a>, which is now available as a free download. The report was produced for the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a>, held in Kobe, Japan, on 7 and 8 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/391630/image/large-35a5114e3ed8a25c76d38787ba96de16.jpg" data-gid="gid://syiq/Photo/391630">Now in its third edition, the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">report</a> provides a data-led overview of the Asia-Pacific superyacht market, drawing on analysis from the SuperYacht Times Intelligence team, with data supplied by <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>.Using <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> and proprietary yacht-tracking data, the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">report</a> examines the region’s fleet, cruising patterns and key areas of activity. It looks at how many superyachts are currently active in Asia-Pacific, where they are based, whether the regional fleet is growing, and which locations are emerging as important hotspots. <img src="https://photo-assets.superyachttimes.com/photo/25869/image/large-be0ca6ac405b4c42e4bdcf910c97ce4e.jpg" data-gid="gid://syiq/Photo/25869">SYT Strategy bespoke consultancyWould you like to increase your footprint in the Asia-Pacific superyacht market but are lacking the right data? The Intelligence team at SuperYacht Times performed extensive research specifically for the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2026</a> and we could do the same for your company too through <a href="https://www.sytstrategy.com/" rel="noopener noreferrer" target="_blank" title="">SYT Strategy</a>. Interested? Get in touch with our Sales team via <a href="mailto:sales@superyachttimes.com" title="">sales@superyachttimes.com</a>

Asia-Pacific Superyacht Report 2026 available for download

SuperYacht Times is pleased to announced the release of the Asia-Pacific Superyacht Report 2026, which is now available as a free download.

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Following two successful editions in Hong Kong, the third <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a> will take place at La Suite Kobe Oceans Garden in Kobe, Japan, on 7 and 8 May 2026.Ahead of the event, SuperYacht Times Research Analyst Adil Zaman and Head of Intelligence Ralph Dazert have examined regional superyacht movements and ownership patterns across the Asia-Pacific. Their findings will be presented in the Asia-Pacific Superyacht Report 2026, which is set to launch during the summit. This article offers a preview of some of the report’s key themes.<img src="https://photo-assets.superyachttimes.com/photo/391630/image/large-35a5114e3ed8a25c76d38787ba96de16.jpg" data-gid="gid://syiq/Photo/391630">Number of superyachts active in Asia-Pacific continues to growOne of the report’s clearest findings is the continued rise in superyacht activity across Asia-Pacific. Between January and December 2025, a total of 586 superyachts over 30-metres were active in the region, up from 530 in 2024 and 445 in 2023. The report also notes that these figures reflect yacht presence across a 12-month period, including vessels based in, visiting or transiting through the region.The regional fleet also remains slightly larger than the global average. According to the report, more than 20 percent of yachts active in Asia-Pacific exceed 50-metres, compared with 16 percent worldwide, pointing to a relatively strong concentration of larger vessels in the region.<img src="https://photo-assets.superyachttimes.com/photo/391626/image/large-4e09160384992ee2d4dbc58440984deb.jpg" data-gid="gid://syiq/Photo/391626">Ownership continues to expandThe report also points to a gradual increase in regional ownership. SuperYacht Times records more than 480 superyachts over 30-metres owned in Asia-Pacific countries, representing 7.7 percent of the global fleet. Australia accounts for the largest share, with 166 yachts, followed by Hong Kong with 92 and China with 59. Together, these figures suggest that while the region remains diverse in terms of activity and maturity, its ownership base is continuing to deepen.<img src="https://photo-assets.superyachttimes.com/photo/391627/image/large-4122936227aa6a92e960dc6a6282bbb3.jpg" data-gid="gid://syiq/Photo/391627">Infrastructure remains unevenWhile the report identifies clear momentum across the region, it also highlights the structural challenges that continue to shape the market. Marina development is progressing, but not uniformly. Relatively few marinas in Asia-Pacific are currently capable of accommodating yachts above 50-metres in practice, despite growing interest in attracting the segment. In many cases, the gap between ambition and operational capability remains significant.<img src="https://photo-assets.superyachttimes.com/photo/386825/image/large-217c26f8ba05559616786d2d3cd665fe.jpg" data-gid="gid://syiq/Photo/386825">Asia-Pacific Superyacht Report 2026All of this, and much more, will be featured in the Asia-Pacific Superyacht Report 2026, published during the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a> in Kobe, Japan on 7 &amp; 8 May 2026. The report will be made available as a free digital download following the event.Stay tuned to our newsletter and website for the official release and join us as we explore how the Asia-Pacific region continues to shape the future of global yachting.<img src="https://photo-assets.superyachttimes.com/photo/386528/image/large-ac18974277bb47126ecdd41da712a4c7.jpg" data-gid="gid://syiq/Photo/386528">Asia-Pacific Superyacht Summit 2026Tickets are still available for the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit 2026</a>, which will delve deeper into the report, alongside insights into the challenges and opportunities across the region.&nbsp;The <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">event</a> will bring together industry leaders, yachting clients and key stakeholders, allowing for high-level networking with influential yachting professionals from the region. This will take place alongside keynote sessions and expert panel discussions, with the shared goal of positioning the Asia-Pacific region as a leading superyacht market and cruising destination. <img src="https://photo-assets.superyachttimes.com/photo/384775/image/large-410054e783a96845b5d4c94c95eff55c.jpg" data-gid="gid://syiq/Photo/384775">

Asia-Pacific Superyacht Report 2026 preview

A preview of the Asia-Pacific Superyacht Report 2026, examining regional yacht movements, ownership trends and infrastructure.

Asia-Pacific Superyacht Report 2026 to unveil latest regional insights

Norwegian shipyard <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is known for its vast experience of offshore engineering, as well as for building large, 100-metre-plus expedition vessels. In recent years, the yard has been focused on building commercial vessels, but has recently reshifted its focus back onto the explorer market. The yard is preparing to return to the superyacht space by building global expedition yachts and support vessels.SuperYacht Times&nbsp;spoke with <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s Sales Manager, Sigvald Håkonsholm who recently joined the team in order to help navigate <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s presence in the superyacht sector. Bringing vast experience from ship building in different levels in the Norwegian maritime cluster, the move underlines <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s commercial and strategic commitment to the international yachting segment and their ambition to deliver technically advanced, purpose-built vessels for discerning owners seeking true exploration capability.<img src="https://photo-assets.superyachttimes.com/photo/388850/image/large-6be51c79dce19d8cac36bd0948be6043.png" data-gid="gid://syiq/Photo/388850">A Norwegian build<a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> consists of two shipyards in Norway, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> and <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> Feda, and specialises in new-builds, conversions, maintenance, and recycling of vessels. Previous superyachts built by the yard include the 107.4-metre <a data-gid="gid://syiq/Yacht/4946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andromeda107.4m (352'4&quot;)Kleven Maritime AS2016">Andromeda</a> and the 116-metre <a data-gid="gid://syiq/Yacht/5796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Multiverse116.0m (380'7&quot;)Kleven Maritime AS2018">Multiverse</a>, previously named <a data-gid="gid://syiq/Yacht/5796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Multiverse116.0m (380'7&quot;)Kleven Maritime AS2018">Ulysses</a>. The yard has a history of building large, robust vessels capable of operating in some of the world’s most challenging environments. Besides superyachts, the yard has previously also built expedition-style luxury cruise vessels, including the 140-metre Roald Amundsen and the 140-metre Fridtjof Nansen.<img src="https://photo-assets.superyachttimes.com/photo/200563/image/large-de64dc9226d637e7c68c7e51424c916e.jpg" data-gid="gid://syiq/Photo/200563">”In response to strong market demand, we have decided to strengthen our position in the yacht market, as the need for this is clearly evident.” says Sigvald. Adding that he feels “privileged to get the possibilities to develop stunning projects together with our clients, partners and a strong team at <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>.”With a history of building extensive vessels, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is shifting its focus &nbsp;primarily to large expedition yachts and yacht support vessels from approximately 80-metres and upwards. <img src="https://photo-assets.superyachttimes.com/photo/388851/image/large-797d690d1ca7a399538a8a5ca59679fc.png" data-gid="gid://syiq/Photo/388851">Market experience meets technical know-howIn recent years, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> has been heavily involved in the offshore energy vessel market, completing both newbuild projects and complex conversions. Experience with these complex technologies, mixed with their own in-house technical expertise, and the yard’s earlier experience building expedition yachts and cruise vessels, strengthens the <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s position as a capable partner for owners seeking large, purpose-built expedition vessels.<a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s way of shipbuilding, with robotic welding and other effective methods adapted from commercial ship construction, allow for efficient hull production while ensuring high capacity. Focusing on the superyacht segment, the yard at <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> has a few available slots for both new-build expedition yachts, yacht support vessels, and conversion projects, offering attractive delivery timelines.Many of the <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Kleven</a> yachts, whether from their commercial line or their explorer superyachts, tread into challenging waters. In order to ensure safety, reliability and operational capability in their worldwide cruising ground, the yard has established its own technical yacht platform. The technology is based on proven solutions from the offshore sector, in line with yacht and cruise customer demands. <img src="https://photo-assets.superyachttimes.com/photo/388848/image/large-fc8800ab90a98a7aa42b13e4a7e95c1a.png" data-gid="gid://syiq/Photo/388848">Green Yard’s green strideAn integral part of <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s strategy is sustainability, and the team prides themselves in ensuring every project is made by safe and reputable hands. “Our ships are built to the highest standards, using sustainable materials, responsible suppliers and we lay a strong focus on social standards and HSEQ,” notes Sigvald. “We maintain a clear focus on reducing our carbon footprint and emissions, both in production and in the vessels themselves.”Another way <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> strives to avoid waste is through conversion: conversion projects offer a significant potential in the reuse of hulls and equipment. Owners can obtain an up-to-date vessel with a significantly lower footprint, reduced cost, and shorter delivery time resulting in improved overall sustainability for their in-build project.<img src="https://photo-assets.superyachttimes.com/photo/388847/image/large-53637cddb558797c9a8fb70ba8c93672.png" data-gid="gid://syiq/Photo/388847">A well-rounded yardWhen having a vessel in-build, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is more than happy to work with leading international yacht designers, but also has the tools in-house to manage all interior and exterior yacht design. Furthermore, the shipyard maintains close cooperation with established yacht equipment and interior suppliers to ensure each project reflects the vision of the owner while maintaining the yard’s construction standards.“We see strong opportunities in the expedition yacht and yacht support vessel segment, where operational capability, reliability, and robust engineering are essential”, shares Hans Jørgen Fedog, CEO, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> Group. “The yard has a long history of building vessels designed for demanding environments. I believe this experience will be highly appreciated in the market.”Known for its robust engineering with quality craftsmanship, timely deliveries and supporting the full lifecycle of a vessel through its sustainable shipyard services, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is positioning themselves as a contender Northern European expedition yacht builder.<img src="https://photo-assets.superyachttimes.com/photo/222757/image/large-8ea995858d63549855939d2037d2ea3e.jpg" data-gid="gid://syiq/Photo/222757">Green Yard Kleven concepts in collaboration with Opalinski Design House.

Green Yard Kleven strengthens its position in the expedition yacht market

Green Yard Kleven focuses to expand its presence in the expedition yacht market

Green Yard Kleven returns to the expedition yacht market

According to Reuters, exhibitions group <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> is exploring the potential of selling a stake in its portfolio of Monaco-based events, which includes the <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>. <img src="https://photo-assets.superyachttimes.com/photo/365289/image/large-ad8f48599746d816f12e47e0c22f47eb.jpg" data-gid="gid://syiq/Photo/365289">The assets form part of <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>’s Luxury &amp; Lifestyle division, which also includes <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">Boat International</a> Publishing Group, the Palm Beach International Boat Show, the Fort Lauderdale International Boat Show, as well as Art Monte-Carlo and Art Miami.&nbsp;This portfolio generates approximately $200 million in annual revenue and according to Reuters, a stake sale could also generate around $200 million. There is currently no certainty that the transaction will take place and talks are still ongoing.The company is reportedly working with an investment bank to gauge interest in the package, with potential buyers thought to include sovereign wealth funds. <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>, which is valued at nearly $14 billion, saw its shares fall 11% on Monday before recovering.&nbsp;SuperYacht Times has reached out to <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> for further comment and will continue to update this story should further developments be made.&nbsp;

Informa stake sale in Monaco Yacht Show 

Informa is exploring the potential of selling a stake in its portfolio of Monaco-based events, which includes the Monaco Yacht Show.

Informa considers selling stake in luxury events including Monaco Yacht Show 

The brokerage market has spent the past twelve months navigating a familiar paradox: demand at the top end remains resilient but suitable supply, particularly above the 60 metre mark, is increasingly difficult to source. Against that backdrop, <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>’s leadership team describes a year defined less by any single headline transaction and more by a deliberate, repeatable approach: intensive market intelligence, decisive execution and a willingness to create opportunities beyond the public listings.<img src="https://photo-assets.superyachttimes.com/photo/381825/image/large-2a64e82a62f9c7d97fa47d0e35ba505a.jpg" data-gid="gid://syiq/Photo/381825">Speaking to SuperYacht Times, Jamie Edmiston and Alex Koersvelt point to a combination of strategy and structure, from technology investment to a culture designed to move quickly, as the levers behind a standout year. In 2025, the firm sold 44 yachts over 30 metres, with transactions exceeding €3bn in aggregate value. More notably, it accounted for 57 percent of all global sales in the 65 metre-plus segment, selling 7 of the 9 largest transactions during the year.While the numbers are significant, the leadership is clear that performance has been shaped as much by how the firm operates as by what it sold, particularly in a market where product availability remains the defining constraint.<img src="https://photo-assets.superyachttimes.com/photo/381829/image/large-2de8c96c1f44d294693f3a687047e89a.jpg" data-gid="gid://syiq/Photo/381829">Performance in a market shaped by scarcityAt the very top of the market, the fundamentals remain uncomplicated. As Jamie Edmiston puts it, confidence continues to be driven by supply and demand, a growing pool of ultra-high-net-worth buyers chasing a relatively small number of credible yachts, particularly above 80 metres. In that environment, the implication for brokerage houses is clear: quality assets, priced correctly, should transact, while older or less competitive yachts require realistic positioning to avoid stagnation.Koersvelt adds a further layer to the supply story: the market is developing increasingly clear dividing lines between generations of yachts. Design and lifestyle expectations have shifted markedly since the mid-2010s, beach clubs, volume, wellness and a more open, resort-led feel now carry real weight and the next decade is likely to introduce another separation as buyers focus more closely on reduced environmental impact and progressive propulsion and energy systems.The result is a stratified resale landscape. Price stability remains strongest for newer, high-quality tonnage and, in select segments, modest appreciation has been visible. That context helps explain why <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> sold more yachts than any other brokerage in 2025 and why those yachts transacted, on average, at roughly twice the speed of the wider market.For brokerage teams, this bifurcation changes the playbook. It raises the value of accurate, current intelligence on what constitutes best in class within a given segment and increases the premium on speed, both in presenting the right yachts and in converting interest into signed agreements before momentum fades.<img src="https://photo-assets.superyachttimes.com/photo/381827/image/large-d068b0625be738380b432dbee49cd1f7.jpg" data-gid="gid://syiq/Photo/381827">‘Market making’One of the clearest themes from the discussion is the firm’s emphasis on creating transactions rather than waiting for listings to do the work.Koersvelt points to deals such as <a data-gid="gid://syiq/Yacht/9151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lasata65.7m (215'7&quot;)Rossinavi2023">Alchemy</a> and <a data-gid="gid://syiq/Yacht/11888" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wingman80.1m (262'10&quot;)Damen Shipyards2022">U81</a> as examples where the yachts were not openly for sale, yet opportunities were engineered by widening the search beyond the visible marketplace. In practice, this approach relies on extensive relationship networks, a firm grasp of ownership intent and an ability to move quickly once a viable opening appears.In a year where <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> accounted for more than half of all global sales above 65 metres, that capability proved decisive. Limited public inventory means brokerage performance increasingly hinges on how effectively a house can convert ‘unavailable’ into ‘available’ discreetly, credibly and at speed.This also speaks to the broader competitive landscape. Many transactions never make it to completion and, as Koersvelt notes, market visibility often captures announcements rather than the volume of deals that collapse. Brokerage houses that can manage complexity, keep principals aligned and revive transactions thought to be lost are better positioned to outperform in a market where ‘nearly done’ is increasingly common.<img src="https://photo-assets.superyachttimes.com/photo/381824/image/large-2347c55957364665aab3adf491ba49e4.jpg" data-gid="gid://syiq/Photo/381824"><a data-gid="gid://syiq/Yacht/8907" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Breakthrough118.8m (389'9&quot;)Feadship2025">Breakthrough</a>While the firm is keen not to reduce the year to a single moment, <a data-gid="gid://syiq/Yacht/8907" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Breakthrough118.8m (389'9&quot;)Feadship2025">Breakthrough</a> provides a useful lens on top-end market confidence and deal execution.<a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> describes the yacht as personally significant: the firm was involved from the earliest sketches through to delivery, reflecting not only the complexity of the build but also the owner’s commitment to pushing boundaries. The subsequent resale, completed shortly before the Monaco Yacht Show, became one of the defining transactions of the year and contributed to the firm selling seven of the nine largest yachts to change hands globally in 2025.What matters is not just the scale of the deal but what it represents: a buyer and seller prepared to act decisively at the peak of the season, in a market where the best yachts trade quickly, quietly and often off-market.Technology as an enablerIn a brokerage world still heavily defined by relationships, Edmiston’s comments on technology are notable for their positioning. Systems, he argues, are there to augment judgement, not replace it.The firm has made multi-year investments in infrastructure designed to deliver real-time, highly accurate intelligence for brokers and charter teams. The logic is straightforward: better tools enable faster decisions, sharper pricing advice and more targeted marketing – all of which matter when supply is thin and competition for the right client is intense.For the wider sector, this reflects a broader trend among leading houses. Relationships bring opportunities to the table, but internal capability and execution increasingly determine whether those opportunities convert, particularly at the very top of the market.<img src="https://photo-assets.superyachttimes.com/photo/301678/image/large-ce3f096ce5a3b39788d5f09e6cd7e99a.jpg" data-gid="gid://syiq/Photo/301678">Culture, agility and the private-company advantageAnother recurring theme is the perceived advantage of operating as a privately owned business. Koersvelt argues that it allows for longer-term decision-making without the pressure of quarterly optics, while Edmiston emphasises speed and accessibility – the ability for client-facing brokers to pull senior expertise into negotiations without friction.Koersvelt and Edmiston both point to collaboration as a critical factor, particularly in a sector where individual drive can sometimes undermine teamwork. The leadership view is that a supportive internal culture, combined with empowerment in decision-making, improves conversion rates, especially in complex, time-sensitive negotiations where deals can stall for reasons unrelated to the yacht itself.This combination of agility and alignment helps explain how the firm maintained momentum in a year defined by limited supply, selling more yachts than any other broker despite fewer assets being openly available.Charter as a growth engineCharter features in the discussion not simply as a parallel business line but as part of the ecosystem that feeds ownership demand. Edmiston describes charter as “addictive”, once clients experience it, many do not return to villas or hotels, while Koersvelt highlights the importance of maintaining fleet quality in a market where large-yacht availability remains constrained.The firm continues to add high-specification tonnage to its charter offering, including the 87-metre <a data-gid="gid://syiq/Yacht/11565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vento87.0m (285'5&quot;)Turquoise Yachts2026">Vento</a> and a newly launched 72-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> flagship, reflecting the ongoing shift towards experience-led charter platforms.More broadly, the charter-to-owner pathway remains a meaningful contributor to market confidence. As charter introduces new audiences to the yachting lifestyle, it continues to seed future ownership demand, particularly among families and next-generation principals.<img src="https://photo-assets.superyachttimes.com/photo/289966/image/large-7adde5ae7f30c7dfc35582e87d0f59e9.jpg" data-gid="gid://syiq/Photo/289966">The challenge for 2026If there is one point the leadership returns to repeatedly, it is supply. <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> characterises the coming year’s central challenge as product availability rather than demand. In other words, the limiting factor for high-performing brokerage houses may be less about persuading buyers and more about locating the right yacht to sell, whether on-market or off-market.That dynamic is likely to shape strategies across the sector. Houses with the strongest intelligence, deepest networks and the discipline to give candid pricing advice may be best placed to maintain performance, particularly as generational differences in design, technology and environmental credentials continue to redefine what buyers consider worth owning.

Edmiston top 2025 brokerage

Speaking to SuperYacht Times, Jamie Edmiston and Alex Koersvelt share their view on Edmiston's success.

Brokerage in focus: How one brokerage translated a tight supply market into a standout year

The <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a> continues to be the premier event in the superyacht industry’s annual calendar. Once again, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> and its subscription service, <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, are official Media and Intelligence Partner for <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/372227/image/large-71ca5a047994bd2b41210f7b26e5fecf.jpg" data-gid="gid://syiq/Photo/372227">Since 2019, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> has partnered with 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> to release the <a href="https://issuu.com/superyachttimes/docs/monaco_yacht_show_market_report_2025" rel="noopener noreferrer" target="_blank" title="">Monaco Yacht Show Market Report.</a> &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/372228/image/large-1f4536a71cc41c6f2edd35e57d70e065.jpg" data-gid="gid://syiq/Photo/372228">The newly published <a href="https://issuu.com/superyachttimes/docs/monaco_yacht_show_market_report_2025" rel="noopener noreferrer" target="_blank" title="">Monaco Yacht Show Market Report 2025</a> provides insight into this year’s <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> fleet, an in-depth look at the 2025 new-build and second-hand superyacht markets, along with key insights into the latest trends and developments in the sector.<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)"><img src="https://photo-assets.superyachttimes.com/photo/372230/image/large-a7735fcdffe79e7706074ec77f6fe58e.jpg" data-gid="gid://syiq/Photo/372230">SuperYacht Times</a> looks forward to welcoming you at stand, DS97 on Darse Sur, and at MYS Conference Hall, above the <a data-gid="gid://syiq/Article/64270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Full programme for Monaco Yacht Summit 2025 unveiled (2025-09-18 13:00:00 +0200)">Yacht Design &amp; Innovation Hub for our panel discussions</a>.<img src="https://photo-assets.superyachttimes.com/photo/372224/image/large-db93d6baaf899168c82dfb7338fb9999.jpg" data-gid="gid://syiq/Photo/372224">

Download the Monaco Yacht Show Market Report 2025

Download the Monaco Yacht Show Market Report 2025 for free. 

Download the Monaco Yacht Show Market Report 2025 for free now!

David Westwood, Managing Director of <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW Yachts</a>, shares an insight into the realities behind the superyacht market’s much-discussed slowdown, how <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW</a> is bucking the trend with a strategic digital focus and what to expect in the coming charter and show seasons.<img src="https://photo-assets.superyachttimes.com/photo/264905/image/large-ba114c596bb9a8f15ca87f6095e4c8f2.png" data-gid="gid://syiq/Photo/264905">There's been plenty of talk about a slowdown in the superyacht sector. How does that compare with what you're seeing on the ground?I had real concerns at the end of 2024 that the momentum post-pandemic couldn’t possibly continue. The industry was running hot; sales in brokerage and new build were high, shipyards were under immense pressure due to full order books and delivery slots and we faced shortages across the board for good product, along with operational constraints, especially in the crewing sector, especially in crewing. A slowdown wasn’t just inevitable, in some ways it was needed.There was global uncertainty too: the US election, the Ukraine war and, more recently, instability in the Middle East. Typically, in an American election year, clients pause on speculation and sit tight. But interestingly, after the election result, we saw a steep uptake from December through February in both brokerage and charter. The US, which historically makes up over half of most firms’ sales, came back strongly.And has that recovery held into 2025? Not entirely. From March onwards, instability globally – tariffs, wars, shifting policies in Asia and the Far East has caused the momentum to dip again. The Middle East, which is a key charter market for us, softened slightly, and Asia was hesitant too, particularly in areas like Hong Kong and Singapore.What’s been fascinating for us at <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW</a> is that, while others are still talking about a slowdown, our figures are encouraging and have generally risen. We've seen a distinct rise in lead generation and, more importantly, a marked increase in conversions – particularly from our historical client database. Clients who’d previously stayed on the fence for two or three years are now engaging with intent. There’s also been real momentum in newer regions, with active conversations and transactions in markets such as Turkey, Uzbekistan, Mexico and Australia. We’ve seen a notable uplift in activity from those emerging territories, and a broader appetite for charter and brokerage alike.<img src="https://photo-assets.superyachttimes.com/photo/369119/image/large-bd5cdcfcfb6f166dbe4bcdfb56f35058.jpg" data-gid="gid://syiq/Photo/369119">Why do you think that is?&nbsp;I put it down to our digital-first approach. We made a conscious decision in the early 2020s to break from traditional formats and go all in on digital. We invested heavily in SEO &nbsp;and a large in-house marketing department, which has created a dynamic content strategy, delivered quickly. While others competed in the same space in the same way, we aimed to stand apart.Ultimately, while the market might be flattening in some segments, the demand is still there, it’s just a case of reaching clients the right way, with the right product, at the right moment.Which segment of the market do you think has been hit hardest?Although this isn’t my main area of expertise, it appears that the production segment has been hit fairly hard. A lot of shipyards pushed ahead post-COVID, expecting the momentum to continue, but sales didn’t match that optimism. There’s been a build-up of stock, especially in the US and dealers have struggled to shift it. It’s a riskier environment. However, we’re now seeing those inventories softening and the stock beginning to move, particularly with the US market picking back up.There’s also been a slight ‘factory reset’ on pricing and discounting, which more realistically reflects the reality of the market. And while we still operate in the production market, we’ve tightened our criteria. <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW’s</a> sweet spot is really the 35 to 75-metre segment, where we continue to thrive.<img src="https://photo-assets.superyachttimes.com/photo/369118/image/large-82ab91d0f9e1ad6ecbc9b591991c44af.jpeg" data-gid="gid://syiq/Photo/369118" style="background-color: initial; font-size: 0.85rem;">You also mentioned the charter market – how is 2025 shaping up?Strong overall. We had a significant wave of bookings between December and February and then another surge from May onwards. That cycle is fairly typical with spring holidays diverting attention, but overall, we’ve written a lot of charters this year and are happy with the results to date.Interestingly, it’s the newer boats that are being booked early. Yachts over five to ten years old are proving more difficult to fill in our core range, while the larger yachts, 75 metres and up, are facing leaner calendars than usual. That market has been slower to recover.That said, crew is everything. We have older yachts in our fleet with over 11 weeks of charter booked because of phenomenal crews. Repeat business plays a huge role, and loyalty to captains and heads of departments outweigh age in some cases.As we look ahead to the autumn show season, how are things shaping up?The shows are full – both Cannes and Monaco. I love Cannes: it’s interactive, relaxed and productive - a great place to showcase product. We’re bringing three yachts this year: the 55-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> <a data-gid="gid://syiq/Yacht/1549" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You55.0m (180'5&quot;)Heesen Yachts2011">After You</a>, the 37-metre <a data-gid="gid://syiq/Company/1756" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tansu Yachts (Company)">Tansu</a> <a data-gid="gid://syiq/Yacht/3414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Preference 1936.4m (119'5&quot;)Tansu Yachts2011">Preference</a> 19 and <a data-gid="gid://syiq/Yacht/9334" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M Forever33.0m (108'3&quot;)Custom Line2021">M Forever</a> the 33-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>.Monaco is busier and more intense, but also hugely exciting. We’re particularly proud to be bringing the brand new and recently delivered <a data-gid="gid://syiq/Yacht/11078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You60.2m (197'6&quot;)Damen Yachting2025">After You</a>, a 60-metre explorer from <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> and her support vessel <a data-gid="gid://syiq/Yacht/12677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emotional53.25m (174'8&quot;)Damen Yachting2025">Emotional</a>. They’re not for sale, but they’re going on a global voyage starting in Norway and heading through Greenland and the Northwest Passage and both are available for charter, the <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> <a data-gid="gid://syiq/Yacht/1549" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You55.0m (180'5&quot;)Heesen Yachts2011">After You</a> and <a data-gid="gid://syiq/Yacht/853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emerald50.4m (165'4&quot;)Feadship1990">Emerald</a>, the 51-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> will also be available for inspection.This article was first published in issue 54 of the SuperYacht Times newspaper, available for&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-54" rel="noopener noreferrer" target="_blank" title="">download here</a>.

David Westwood on the shifting superyacht market

David Westwood on the shifting superyacht market, digital strategy and emerging charter trends

As the superyacht brokerage market moves through the third quarter of 2025, our Head of Intelligence, Ralph Dazert, takes a closer look at the much-talked-about downturn of the market, focusing on the new-build segment while also taking a quick snapshot of the used yacht market. <img src="https://photo-assets.superyachttimes.com/photo/205866/image/large-9e77ac14b51b37bd7308b59535ec24a2.jpg" data-gid="gid://syiq/Photo/205866">New-build sales: still behind but catching up &nbsp;The new-build market started 2025 in a jittery mood, with uncertainty about the US market and the Trump Administration’s policy of import tariffs, coupled with a downward trend in the European market, worrying brokers and shipyards alike. &nbsp;The market for GRP yachts built to a model (dominant up to about 45-metres) has definitely taken some hits, with some well-known manufacturers like <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> and <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> in particular announcing staff reductions. Meanwhile, as of early August 2025, the share prices of the Italian builders <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> had also taken hits over the past twelve months (-15% and -35% respectively year-on-year since early August 2024), as did the shares of <a data-gid="gid://syiq/Company/4696" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alexander Marine USA (Company)">Alexander Marine</a>, the mother company of the Taiwanese builder <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> (-30% ), while the US yachting giant <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> (a large player in the sales of GRP-hulled boats and yachts up to 40-metres, among other activities) saw its share price decline by -22% since early August 2024. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/233014/image/large-859455f9fc8cd7009c71f9afe386ee4c.jpg" data-gid="gid://syiq/Photo/233014">We noticed that the major builders of GRP yachts generally have more new-builds and dealer stock boats available than they did a year ago, meaning they have capital tied up in those boats for more extended periods of time. &nbsp;All that makes for pretty grim reading, but what do the numbers look like? They are definitely behind on the same period in 2024, about 10% down, from 111 sales for the year up to 31 July 2024, to 100 for the year up to 31 July 2025. &nbsp;But, those are just high-level numbers, so let’s take a closer look: &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/369732/image/large-05acb7e14007169a5ee0284f3ba49a83.jpg" data-gid="gid://syiq/Photo/369732">New superyacht sales are following two divergent paths: sales of yachts up to 50-metres are down by 12% in numbers of yachts sold, while sales over 50-metres are stable. Interestingly, the decline between 30 and 40-metres can be attributed entirely to sailing yachts, which are down by six units year-on-year after experiencing something of a boom in 2024, as explained in our market column in SuperYacht Times issue 53. &nbsp;With attractive build slots for new sailing yachts currently in short supply, that segment has slowed down again. Even though sales numbers for motor yachts in the 30 to 40-metre segment appear to be stable, something has definitely changed in that market, as the share of stock sales (yachts completed on speculation and sold afterwards) has almost doubled compared to a year ago, from seven to 12 sales. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/232981/image/large-38c7f2ac13511369dc2615663dbd18d4.jpg" data-gid="gid://syiq/Photo/232981">Clearly, new yachts in this segment are taking longer to sell than they did before. Additionally, sales of projects started for the client have decreased by almost half compared to 2024, from 32 to 18 sales. Meanwhile, sales of projects started on speculation have increased slightly, from 12 to 16.The decline between 40 and 50-metres is mainly caused by lower sales of yachts up to 45-metres, which dropped by five units, while the number of sales above 45-metres (which are mainly steel-hulled yachts) has dropped by just one unit compared to the same period of 2024. &nbsp;Sales between 50 and 60-metres have held steady, while sales between 60 and 80-metres were up by one unit, as market activity in the larger segments is buzzing and appears to be largely unaffected by global economic and political turmoil. &nbsp;However, there is an important side note to be made here: we are hearing from several shipyards all over Europe that clients are taking longer and longer to sign on the dotted line and are actively playing out shipyards against each other more than before. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/235065/image/large-f66538822a46ab8fbc088b0df32647fe.jpeg" data-gid="gid://syiq/Photo/235065">Reportedly, clients at the top end of the market are baulking at Northern European price levels, as they perceive the new-build market as having weakened in their favour, so they are playing it hard. Meanwhile, yards in the top segment have little room to manoeuvre on the price. The order backlogs at the different players on the top end also vary, ranging from fully booked to yards that could use some extra capacity and are prepared to negotiate on price. &nbsp;At the moment, sales of newbuilds over 80-metres are still behind by one project. Still, the rather significant amount of large new-build projects under negotiation that we are tracking suggests that this new-build segment might notch up quite a few extra sales before the end of the year, making it a better year than 2024, which in itself was already a big improvement on 2023.&nbsp;So what about used yachts? &nbsp;The used yacht market warrants its own extensive study due to its sheer size and importance to the brokerage market overall. Still, for lack of space, we will leave you with a summary for the moment: the demand for used yachts over 30-metres appears to be stable compared to 2024 in terms of numbers of yachts sold, with 200 used yachts sold as of 31 July 2025, compared to 199 for the same period of the preceding year. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/233018/image/large-e530854b2f7981037879fc171adcbd1c.jpg" data-gid="gid://syiq/Photo/233018">The total gross tonnage (GT) sold is actually up by 8% to 93,500 GT, indicating that the average used yacht sold so far in 2025 is larger than in 2024. The total value of yachts sold so far in 2025 is hard to estimate, as we have already counted no less than 17 off-market deals so far in 2025 (including some huge yachts). Still, it is well over 3 billion euros, which is not dissimilar to our estimate for the same period for 2024. &nbsp;On paper, that is not all bad, but we are only in early August at the time of writing. As a final note, sales of used yachts appear to be following a slightly different pattern compared to those of new yachts, with the number of yachts sold between 30 and 40-metres down compared to last year, while sales between 40 and 50-metres slid after two positive years in 2023 and 2024. Sales over 50-metres are up, entirely due to a strong increase between 50 and 60-metres. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/369733/image/large-87ed2000a90cf58ad228f52c52bb381d.jpg" data-gid="gid://syiq/Photo/369733">ConclusionWhile the new-build market up to about 45-metres is very challenging at the moment, the larger segment is trending upward. In contrast, the used yacht market appears to be holding steady and exhibits similar divergent paths in sales numbers to the new yacht market, with total sales of yachts up to 50-metres down compared to last year, while sales of the larger superyachts over 50-metres are up. We are very curious to see how the rest of the year will play out for the market, with the important third quarter and its key yacht shows coming up.This article was first published in issue 54 of the SuperYacht Times newspaper, available for <a href="https://www.superyachttimes.com/newspaper/newspaper-issue-54" rel="noopener noreferrer" target="_blank" title="">download here</a>.

Superyacht market insight Q3 2025

Is the market slowing down? Ralph Dazert takes a look at current superyacht trends.

Is the superyacht brokerage market slowing down in 2025?

Onboard Numarine's 40MXP video

We stepped aboard Mitan, the latest Numarine 40MXP in Palm Beach.

Video: Step aboard Numarine's new flagship, the 40MXP Mitan

<a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> has announced the launch of the first 34.5-metre <a data-gid="gid://syiq/Yacht/14712" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line Navetta 35/0134.5m (113'2&quot;)Custom Line2026">Custom Line Navetta 35</a> yacht from the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> Superyacht Yard in Ancona, Italy. <img src="https://photo-assets.superyachttimes.com/photo/396958/image/large-5e7320ad24519c237c36a53098354f77.jpg" data-gid="gid://syiq/Photo/396958">Launched as the first hull in the series, her sale was announced in February 2026 and was described as an evolution of the yard’s Navetta series, with a strong emphasis on natural light and onboard comfort.<img src="https://photo-assets.superyachttimes.com/photo/396965/image/large-f591300f74ebc39eedd4b608a54aafad.jpg" data-gid="gid://syiq/Photo/396965">Positioned alongside her larger sistership, the <a data-gid="gid://syiq/Yacht/14712" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line Navetta 35/0134.5m (113'2&quot;)Custom Line2026">Navetta 35</a> yacht adopts the same core design language, defined by clean architectural forms. She features exterior design by <a data-gid="gid://syiq/Company/5547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Filippo Salvetti (Company)">Filippo Salvetti</a>, with interior design courtesy of <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">Antonio Citterio Patricia Viel ACPV Architects</a>.<img src="https://photo-assets.superyachttimes.com/photo/396962/image/large-617932259e73d86b11853e427c103d6c.jpg" data-gid="gid://syiq/Photo/396962">According to the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, she features almost transparent naval architecture, which puts the sea at the centre of the onboard experience. The result is a fluid interconnection between her interior and exterior spaces, creating a sense of pleasure, elegance and comfort. <img src="https://photo-assets.superyachttimes.com/photo/396961/image/large-0a092e8dc97dc3153475abfe97a6c724.jpg" data-gid="gid://syiq/Photo/396961">The made-to-measure yacht boasts a beam of 7.7 metres, with her layout spanning over three decks. Defined by a contemporary exterior design and dynamic silhouette, she showcases clean lines and sculptural surfaces.<img src="https://photo-assets.superyachttimes.com/photo/396969/image/large-fe622ffb38debd908229c092316cd7b0.jpg" data-gid="gid://syiq/Photo/396969">Moving inside, her design language soft volumes, organic geometries and custom-made freestanding furniture designed by Antonio Citterio. <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">ACPV Architects</a> also developed a Light Mood based on the owner’s wishes, blending ivory, beige and caramel colourways that run throughout to create more depth, luminosity and lightness.<img src="https://photo-assets.superyachttimes.com/photo/396971/image/large-c650afb8a72cefaf8e5423baa63cb41f.jpg" data-gid="gid://syiq/Photo/396971">A plethora of materials have been used onboard including vibrant Pietra di Vicenza stone, pale wood floors and sand-coloured leather used for upholstery and detailing to create a warm and refined atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/396968/image/large-589c2327e3af86ff0ec7f9f12976d9a2.jpg" data-gid="gid://syiq/Photo/396968">The <a data-gid="gid://syiq/Yacht/14712" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line Navetta 35/0134.5m (113'2&quot;)Custom Line2026">Custom Line Navetta 35</a> yacht can accommodate up to 10 guests across a five stateroom configuration, with her full-beam owner’s suite positioned forward on the main deck. This private suite includes separate his-and-hers bathrooms connected by a shared central shower.On the lower deck, four guest staterooms are accessed via a dedicated lobby, including one suite fitted with a Pullman berth to accommodate additional guests.<img src="https://photo-assets.superyachttimes.com/photo/396967/image/large-daf41f6c8e4667a26d0c94a5c2da5280.jpg" data-gid="gid://syiq/Photo/396967">A distinct feature in her exterior design is the notch in her gunwale, which aims to reduce the perceived mass of her superstructure, and allow for an increase of natural light to her interior spaces, creating an overall more streamlined profile and a further sense of openness.<img src="https://photo-assets.superyachttimes.com/photo/396959/image/large-11aefd747e74b0e1b138c75019a77552.jpg" data-gid="gid://syiq/Photo/396959">With over 300 square-metres of indoor and outdoor space, her flybridge deck stands out thanks to the removal of her staircases for a wider, more versatile deck arrangement. The deck includes a Jacuzzi and expansive lounging areas, while forward freestanding furniture and a sunset lounge area offer unobstructed panoramic views.<img src="https://photo-assets.superyachttimes.com/photo/396966/image/large-fd63e11f2451c5ecbd08c2c0bee0bfbb.jpg" data-gid="gid://syiq/Photo/396966">Her sundeck features an open-air sea view pool, while covered areas provide shade and protection, ensuring usability in a range of conditions. On the main deck aft, a lounge area provides direct access to the beach club.<img src="https://photo-assets.superyachttimes.com/photo/396970/image/large-51cbdc442951e7cf1dbc94e3b2a79f09.jpg" data-gid="gid://syiq/Photo/396970">In terms of performance, the standard <a data-gid="gid://syiq/Yacht/14712" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line Navetta 35/0134.5m (113'2&quot;)Custom Line2026">Navetta 35</a> yacht 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> V12 1,400 horsepower engines, providing her with a top speed of 15 knots and a cruising speed of 12 knots. She can also reach a range of 1,750 nautical miles at an economic cruising speed of 10 knots. There is also an option to install twin Caterpillar C32 1,622 horsepower engines, which would propel the Navetta 35 yacht to a top speed of 16 knots.The second and third hulls are currently sold and already in-build, with a delivery date of 2027.

Custom Line Navetta 35: First yacht launched

Custom Line has announced the launch of the first 34.5-metre Custom Line Navetta 35 yacht from the Ferretti Group Superyacht Yard in Ancona, Italy. 

First Custom Line Navetta 35 yacht launched

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

KKCG Maritime challenges Ferretti Group board appointments in court

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

Ferretti shareholder KKCG Maritime challenges board appointments in court

<a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a> has unveiled the first details of the 60-metre superyacht concept Apex. Designed in-house by the Dutch studio, the motor yacht has been conceived around a performance-oriented brief.<img src="https://photo-assets.superyachttimes.com/photo/396926/image/large-419221d207de5e8d99df4c3ee8096ce5.jpg" data-gid="gid://syiq/Photo/396926">Apex features naval architecture and exterior styling by <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a>, which have opted for a lightweight aluminium hull and superstructure. She showcases a clean and highly geometric exterior design, with extensive glazing spanning her sleek silhouette.At the core of the design lies the <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a> High Speed Cruising hull form, which has been engineered to deliver efficient performance across a wide operational profile. The advanced hull platform of Apex&nbsp;operates comfortably and efficiently from economical transoceanic passages to high-speed cruising.<img src="https://photo-assets.superyachttimes.com/photo/396927/image/large-c596a59bc5ef08f7d483435fc198b0fa.jpg" data-gid="gid://syiq/Photo/396927">With a beam of 10.7 metres, Apex can comfortably accommodate up to 12 guests, as well as a crew of 14 for a high level of service and comfort. Her interior design can also be fully tailored to suit the wishes of her owner.&nbsp;Apex displays balanced expansive deck volumes, with her aft deck maximised to create a social platform for guests onboard. The first renderings show a large alfresco lounge area at her bow, offering the perfect space for guests to entertain or relax.&nbsp;In terms of performance, Apex is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, providing her with a top speed of 28 knots, a cruising speed of 22 knots and a range of 4,500 nautical miles at 13 knots.&nbsp;

Apex: 60m Mulder Design yacht concept unveiled

Mulder Design has unveiled the first details of the 60-metre superyacht concept Apex. 

Mulder Design unveils 60m yacht concept Apex designed for performance 

This article is featured as a guest post by Michel L'Ortye, the second generation of&nbsp;<a data-gid="gid://syiq/Company/8888" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Paul L'Ortye Yacht Insurance (Company)">Paul L'Ortye</a>&nbsp;Superyacht Insurance.In superyacht insurance, ''the difference is rarely found in what is covered, but in how it is worded''. At first glance, two insurance proposals may appear comparable. Similar limits, familiar terminology, and a competitive premium. Yet beneath the surface, the real differences emerge in structure, interpretation, and legal context.We asked ChatGPT to compare two superyacht insurance proposals. The outcome was structured, fast, and seemingly logical. But it also revealed a fundamental limitation: without true contextual understanding, critical differences remain unseen.This article highlights where that gap lies, and why specialist expertise remains essential.<img src="https://photo-assets.superyachttimes.com/photo/396822/image/large-d04de7387341e559ee1e637ffd910549.jpg" data-gid="gid://syiq/Photo/396822">1. Failure to understand layered policy structures and how clauses interact and override one anotherFor example, ChatGPT does not understand layered policy structures or how clauses interact and override one another.Policy wordings are built as layered legal frameworks, where clauses interact, override, or apply conditionally. AI tends to read them as isolated statements rather than as part of a structured system. Each insurer applies its own structure and hierarchy within the wording, often influenced by the applicable jurisdiction and its legal framework.For example, Policy A may state “worldwide navigation,” while Policy B specifies “worldwide excluding war zones.” ChatGPT may conclude that A offers broader coverage. In reality, Policy A may contain a separate war exclusion clause elsewhere in the wording that has the same, or even stricter, effect.2. Comparing apples with orangesOne operates on a Named Perils basis (only explicitly listed risks), the other on an All Risks basis (everything is covered unless excluded). The same term, but a completely different scope. ChatGPT sees “Hull &amp; Machinery” twice and concludes it is comparable, while the difference in coverage for a machinery breakdown or latent defect can amount to hundreds of thousands of euros.<img src="https://photo-assets.superyachttimes.com/photo/396820/image/large-aa15c287e8791d5230e10db1b947032c.jpg" data-gid="gid://syiq/Photo/396820">3. Deductibles and sub-limits are overlookedAI tends to focus on the main coverage and premium, while the real differences are often found in the sub-limits. These include maximum payouts per incident for tenders, crew medical limits per person, and differing deductibles for machinery damage versus navigational incidents. Such details are typically scattered throughout the policy and are easily missed.It also struggles to recognise requirements for minimum underlying covers, such as mandatory national healthcare or other primary insurance arrangements. These elements can be critical to the validity and effectiveness of the coverage, yet are rarely identified without expert review.4. What is NOT included remains invisibleChatGPT can only compare what is written. It cannot identify what is missing. No cyber clause? AI will not flag it, because there is nothing to read. A specialist, however, knows what should be there and recognises the gap immediately.It also lacks the ability to properly assess how coverage is structured. Policies may appear comparable, while in reality one is based on an all risks foundation and another on named perils, or where insurers apply their own wording with a tailored definition of “all risks.” These structural differences ultimately determine what is and is not covered, yet remain largely invisible without expert interpretation.<img src="https://photo-assets.superyachttimes.com/photo/396862/image/large-15929412d50cbaf94d80733c90eaecca.jpg" data-gid="gid://syiq/Photo/396862">5. ConfidentialityOwners upload commercially sensitive documents to a public AI. Vessel values, cruising areas, crew details, claims history, all of this is shared with external servers. For high-profile owners, this represents a serious privacy risk.6. “Cheaper = better” biasAI tends to conclude that the lower-priced option offers “comparable coverage.” In marine insurance, however, a lower premium is almost always a reflection of reduced coverage, higher deductibles, or an insurer with a weaker claims reputation. It also lacks the ability to properly weigh subtle but critical differences in policy wording, such as a depreciation clause on masts and rigging, or to recognise exclusions that carry the same practical meaning but are phrased differently, such as a market value clause applied to running and standing rigging, which in practice can largely have the same effect.<img src="https://photo-assets.superyachttimes.com/photo/396821/image/large-5911d8a80dbdc0631242e59608f5517a.jpg" data-gid="gid://syiq/Photo/396821">7. Jurisdiction and applicable lawThe governing law of a yacht policy determines how policy wording is interpreted at claim stage. The same wording can produce a very different outcome depending on the legal system behind it.This becomes particularly relevant in areas such as disclosure duties, warranties and gross negligence. Under some systems, sailing outside marked channels or ignoring a weather warning may already qualify as gross negligence, with a direct impact on the claim payment. Other systems apply a more proportional approach, or require a much higher degree of misconduct before cover can be reduced or declined.One policy may therefore respond very differently from another, despite similar wording and circumstances. These legal differences can have a major impact on the final claim outcome, yet in practice the governing law is often treated as little more than a footnote.Michel L'Ortye is the second generation of&nbsp;<a data-gid="gid://syiq/Company/8888" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Paul L'Ortye Yacht Insurance (Company)">Paul L'Ortye</a>&nbsp;Yacht Insurance, the family business&nbsp;that his father founded in 1978 and which focuses entirely on yacht insurance. Joining the company full-time over ten years ago, Michel has been working alongside his brother Didier, who leads the in-house claims operation. Michel's focus is on the high-end yacht and superyacht segment.

Guest author Michel L'Ortye compares an AI insurance proposal to a handwritten one. 

Can ChatGPT create your yacht insurance proposal?

Delivered in 2004 from Kaag, the Netherlands, the 86-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/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ecstasea86.0m (282'2&quot;)Feadship2004">Ecstasea</a> was once the largest <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> yacht ever built. Recently photographed in St Tropez, SuperYacht Times takes a closer look at the steel superyacht that was built for speed. <img src="https://photo-assets.superyachttimes.com/photo/395950/image/large-78d864b2d934f5f50740eb7c6a29e533.jpg" data-gid="gid://syiq/Photo/395950">Commissioned for Russian business oligarch and politician Roman Abramovich, <a data-gid="gid://syiq/Yacht/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ecstasea86.0m (282'2&quot;)Feadship2004">Ecstasea</a> was inspired by the 49.5-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/684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sussurro49.5m (162'5&quot;)Feadship1998">Sussurro</a>. Launched in 1998, <a data-gid="gid://syiq/Yacht/684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sussurro49.5m (162'5&quot;)Feadship1998">Sussurro</a> used aviation-industry specs, allowing her to reach an incredible 46 knots. <img src="https://photo-assets.superyachttimes.com/photo/395954/image/large-62905994bb01b749a975ff697414f3e9.jpg" data-gid="gid://syiq/Photo/395954">Much like the owner of <a data-gid="gid://syiq/Yacht/684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sussurro49.5m (162'5&quot;)Feadship1998">Sussurro</a>, Abramovich was a keen diver and wanted to up the ante of <a data-gid="gid://syiq/Yacht/684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sussurro49.5m (162'5&quot;)Feadship1998">Sussurro</a>. Rather than creating a larger version, he sought to build a yacht that was capable of combining long-range cruising with exceptional top-end performance. However, Abramovich liked&nbsp;<a data-gid="gid://syiq/Yacht/684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sussurro49.5m (162'5&quot;)Feadship1998">Sussurro</a> so much, he actually purchased the yacht several years later.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/395960/image/large-fefa85fc5dee7d132c3e58941b4d3ace.jpg" data-gid="gid://syiq/Photo/395960">Known for their high-speed yachts and crazily complex technical engineering requirements, the contract for the <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> 790 yacht was signed in 2000, with construction beginning shortly thereafter. <img src="https://photo-assets.superyachttimes.com/photo/395955/image/large-105bb1a107567d475aca711626d08538.jpg" data-gid="gid://syiq/Photo/395955">Unlike conventional displacement yachts of her size, <a data-gid="gid://syiq/Yacht/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ecstasea86.0m (282'2&quot;)Feadship2004">Ecstasea</a> was equipped with a unique propulsion package, combining four <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 16V 4000 M70 diesel engines of 12,444 horsepower, with a <a data-gid="gid://syiq/Company/1992" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="General Electric (Company)">General Electric</a> LM2500 gas turbine which produces 30,843 horsepower.<img src="https://photo-assets.superyachttimes.com/photo/395953/image/large-e99a5cd6bb7a94017b38d6379e2cf1eb.jpg" data-gid="gid://syiq/Photo/395953">Together, the system generates more than 43,000 horsepower, with her diesel engines powering twin propellers for efficient cruising, while her gas turbine is connected to a large waterjet integrated into the yacht's stern, providing her with an additional boost of power.<img src="https://photo-assets.superyachttimes.com/photo/395959/image/large-57fa364d6428aed146796b54eec710e1.jpg" data-gid="gid://syiq/Photo/395959">The result allows <a data-gid="gid://syiq/Yacht/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ecstasea86.0m (282'2&quot;)Feadship2004">Ecstasea</a> to exceed 30 knots and under diesel power alone, the yacht can reportedly reach 25 knots and cruise comfortably at around 22 knots, a remarkable achievement for an 86-metre superyacht at the time of her launch.<img src="https://photo-assets.superyachttimes.com/photo/395951/image/large-63005575fa834528f357d86247188cf2.jpg" data-gid="gid://syiq/Photo/395951">Despite her impressive performance credentials, <a data-gid="gid://syiq/Yacht/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ecstasea86.0m (282'2&quot;)Feadship2004">Ecstasea</a> was conceived first and foremost as a luxury superyacht, combining a sleek hull form with an unusually ambitious speed requirement for a vessel of her size. She features exterior design by <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>, with interior design penned by <a data-gid="gid://syiq/Company/2" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Terence Disdale Design (Company)">Terence Disdale Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/395961/image/large-7227a5562f136cbb3a394c2158974fa5.jpg" data-gid="gid://syiq/Photo/395961"><a data-gid="gid://syiq/Yacht/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ecstasea86.0m (282'2&quot;)Feadship2004">Ecstasea</a> boasts an Asian-inspired interior, which later went on to win several interior design awards. Rich woods are used through in tones of brown and beige, complemented by stone, glass and marble elements. <a data-gid="gid://syiq/Yacht/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ecstasea86.0m (282'2&quot;)Feadship2004">Ecstasea</a> can comfortably accommodate up to 14 guests across a seven stateroom configuration, alongside a crew of 24. <img src="https://photo-assets.superyachttimes.com/photo/395958/image/large-49e6ee1d492528cc251472df2de109ba.jpg" data-gid="gid://syiq/Photo/395958">One of <a data-gid="gid://syiq/Yacht/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ecstasea86.0m (282'2&quot;)Feadship2004">Ecstasea</a>'s most distinctive features is her enormous opening in her stern, which houses the outlet nozzle for the yacht's waterjet propulsion system. As well as this, she is equipped with a helicopter hangar by <a data-gid="gid://syiq/Company/5438" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akerboom Yacht Equipment (Company)">Akerboom</a> on her bow, with her horizontal sliding hatches completely hidden in terms of both style and technical skill.<img src="https://photo-assets.superyachttimes.com/photo/395952/image/large-1ddd66b1bacbe1579b97649f705483ad.jpg" data-gid="gid://syiq/Photo/395952">In 2009, <a data-gid="gid://syiq/Yacht/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ecstasea86.0m (282'2&quot;)Feadship2004">Ecstasea</a> was sold with <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> representing the seller, before she was sold to her current owner in June 2014, with <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> and <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> representing the seller.

Ecstasea: The Feadship yacht that was built for speed

SuperYacht Times takes a closer look at the 86m Feadship superyacht Ecstasea that was built for speed.

Ecstasea: The 86m Feadship superyacht that was built for speed

The 37.04-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/6475" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Willpower37.04m (121'6&quot;)Custom Line2018">Willpower</a> is currently for sale with Nathan Farrelly of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>. According to AIS, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is currently moored at Mergellina, Italy.<img src="https://photo-assets.superyachttimes.com/photo/396809/image/large-2e2f72082cb9d6be974658c352b9ff39.png" data-gid="gid://syiq/Photo/396809">Delivered in 2018 by the Italian shipyard, <a data-gid="gid://syiq/Yacht/6475" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Willpower37.04m (121'6&quot;)Custom Line2018">Willpower</a> is the fifth hull of the acclaimed Navetta 37 series, and was previously named Singolare. According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht IQ</a>, the vessel most recently underwent a refit in 2024.<img src="https://photo-assets.superyachttimes.com/photo/396799/image/large-cb91eb19376fc79fc128701033e6088b.jpg" data-gid="gid://syiq/Photo/396799"><img src="https://photo-assets.superyachttimes.com/photo/396797/image/large-edd16fb224fc895a7b0998f4fbfb1412.jpg" data-gid="gid://syiq/Photo/396797" 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;">Constructed with a GRP hull and superstructure, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has a beam of eight metres and a draft of 2.27-metres. The <a data-gid="gid://syiq/Yacht/6475" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Willpower37.04m (121'6&quot;)Custom Line2018">yacht Willpower&nbsp;for sale</a> features exterior design crafted by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, with naval architecture developed in-house by her builder.<img src="https://photo-assets.superyachttimes.com/photo/396798/image/large-02249037d1c2a2989df8b1791e57b7a2.jpg" data-gid="gid://syiq/Photo/396798">Outside, <a data-gid="gid://syiq/Yacht/6475" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Willpower37.04m (121'6&quot;)Custom Line2018">Willpower</a> is defined by clean lines and expansive glazing, complemented by outdoor living spaces designed for entertaining and relaxing while soaking in the sun. Highlights on deck include a sundeck complete with a Jacuzzi, sunpads, and plush lounge seating, alongside a dedicated beach club and dining areas to enjoy alfresco meals spread across her decks.<img src="https://photo-assets.superyachttimes.com/photo/396800/image/large-7ed77b76a8538356af449564b4e11aa0.jpg" data-gid="gid://syiq/Photo/396800">Stepping inside, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=custom-line" rel="noopener noreferrer" target="_blank" title="">Custom Line yacht for sale</a> embraces a sophisticated yet welcoming interior characterised by dark timber finishes with soft neutral furnishings and subtle pops of colour. Her main saloon benefits from large windows that flood the space with natural light, while an open-plan layout encourages socialising between guests.<img src="https://photo-assets.superyachttimes.com/photo/396801/image/large-a4c2d5688c1105f6d0644b46b2660e84.jpg" data-gid="gid://syiq/Photo/396801"><img src="https://photo-assets.superyachttimes.com/photo/396802/image/large-75b4e4b99b7264611c2111f286a068ab.jpg" data-gid="gid://syiq/Photo/396802">With a beam of eight-metres and an internal volume of 289 GT, accommodation onboard the<a data-gid="gid://syiq/Yacht/6475" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Willpower37.04m (121'6&quot;)Custom Line2018">&nbsp;yacht Willpower for sale</a> is arranged for up to 11 guests across five well-appointed staterooms, including a full-beam owner's suite on her main deck. Dedicated quarters are also provided for up to seven crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/396815/image/large-76ce398f780d881b0884aac15acb353d.jpg" data-gid="gid://syiq/Photo/396815">In terms of performance, the <a data-gid="gid://syiq/Yacht/6475" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Willpower37.04m (121'6&quot;)Custom Line2018">yacht Willpower for sale</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 top speed of 15.5 knots. Moreover, she can travel about 2,300 nautical miles at her cruising speed.&nbsp;

 37m Custom Line motor yacht Willpower for sale

 The 37.04-metre Custom Line motor yacht Willpower is currently for sale with Edmiston.

37m Custom Line motor yacht Willpower for sale

The 50.2-metre <a data-gid="gid://syiq/Company/615" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dearsan Gemi Insaat Sanayii A.S. (Company)">Dearsan</a> superyacht <a data-gid="gid://syiq/Yacht/13601" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Queen Yaz50.2m (164'8&quot;)Dearsan Gemi Insaat Sanayii A.S.2026">Queen Yaz</a> has been launched from the <a data-gid="gid://syiq/Company/615" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dearsan Gemi Insaat Sanayii A.S. (Company)">Dearsan</a> shipyard in Tuzla, Istanbul. <img src="https://photo-assets.superyachttimes.com/photo/396859/image/large-66e26da04a7b7aeb2bcef3c2456e5bab.jpg" data-gid="gid://syiq/Photo/396859">Construction on <a data-gid="gid://syiq/Yacht/13601" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Queen Yaz50.2m (164'8&quot;)Dearsan Gemi Insaat Sanayii A.S.2026">Queen Yaz</a> began in 2022, with interior and exterior design 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>, with naval architecture by <a data-gid="gid://syiq/Company/8047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MilimetriQ (Company)">MilimetriQ</a>. As one of <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>’s flagship projects, she collaborated with multiple shipyards, with project management by <a data-gid="gid://syiq/Company/8085" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MORE Marine (Company)">More Marine</a>.<img src="https://photo-assets.superyachttimes.com/photo/345749/image/large-f493bef8678282c7ba3acb9e015ee416.jpg" data-gid="gid://syiq/Photo/345749">Spanning 488 GT, boasts a warm and inviting interior design, with light tones and natural materials. Every detail has been thoughtfully designed to cater to the owner’s vision, blending contemporary aesthetics with comfort.<img src="https://photo-assets.superyachttimes.com/photo/345748/image/large-62d292dbc41853588cfb4bb25e099a9f.jpg" data-gid="gid://syiq/Photo/345748">Key features onboard <a data-gid="gid://syiq/Yacht/13601" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Queen Yaz50.2m (164'8&quot;)Dearsan Gemi Insaat Sanayii A.S.2026">Queen Yaz</a> include an aft lounge, along with an expansive bow lounge located on the main deck, both of which lend themselves to outdoor relaxation or socialising. She is also equipped with a Jacuzzi, sunbeds, lounge sofas, a bar and an alfresco dining area.<img src="https://photo-assets.superyachttimes.com/photo/396858/image/large-09e90c9bfcadd193dbfec4a24b5dbcab.jpg" data-gid="gid://syiq/Photo/396858">Built with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/13601" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Queen Yaz50.2m (164'8&quot;)Dearsan Gemi Insaat Sanayii A.S.2026">Queen Yaz</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.&nbsp;

Queen Yaz: 50m Dearson yacht launched

The 50.2-metre Dearsan superyacht Queen Yaz has been launched from the Dearson shipyard in Tuzla, Istanbul. 

50m Dearsan superyacht Queen Yaz launched

The 24.38-metre <a data-gid="gid://syiq/Company/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burger Boat Company (Company)">Burger Boat Company</a> motor yacht <a data-gid="gid://syiq/Yacht/4654" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Summer Song24.38m (79'12&quot;)Burger Boat Company1974">Summer Song</a> has been sold. Dan Wood of <a data-gid="gid://syiq/Company/4755" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crow's Nest Yachts (Company)">Crow's Nest Yachts</a> introduced the buyer, while <a data-gid="gid://syiq/Company/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burger Boat Company (Company)">Burger Boat Company</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/201050/image/large-b33744a281cd0a44ca553674c1cecec5.png" data-gid="gid://syiq/Photo/201050">Delivered in 1974, the yacht was previously named Nobility and was designed inside and out by her builder. Moreover, <a data-gid="gid://syiq/Yacht/4654" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Summer Song24.38m (79'12&quot;)Burger Boat Company1974">Summer Song</a> benefitted from a refit in 2025 in <a data-gid="gid://syiq/Company/13" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bradford Marine, Inc. (Company)">Bradford Marine’s</a> facility in Fort Lauderdale, Florida.She can accommodate guests in her full-beam owner’s suite with queen berth, vanity, bureau and hanging locker. Meanwhile, her guests can sleep in two VIP suites, complete with twin berths and ensuite heads with enclosed showers.In terms of propulsion system, <a data-gid="gid://syiq/Yacht/4654" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Summer Song24.38m (79'12&quot;)Burger Boat Company1974">Summer Song</a> is powered by twin <a data-gid="gid://syiq/Company/1474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="General Motors (Company)">General Motors</a> engines, giving her a cruising speed of 12 knots and a top speed of 14 knots.Photo courtesy of <a data-gid="gid://syiq/Company/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burger Boat Company (Company)">Burger Boat Company</a>.

burger yacht summer song sold

The 24.38-metre Burger Boat Company motor yacht Summer Song has been sold.

24m Burger motor yacht Summer Song sold

German shipyard <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> has announced the appointment of Gregor Bredenbeck, who will take responsibility for sales and international expansion. He will oversee the worldwide sales operations of the shipyard, effective 1 June.<img src="https://photo-assets.superyachttimes.com/photo/396854/image/large-ef1cbdd6f2dcc9b8b9f7744e6ee5c394.jpg" data-gid="gid://syiq/Photo/396854">His role will also focus on advancing the international growth of the <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> brand, while further developing its brokerage and charter divisions.Gregor commented on his appointment: “I felt it was time for a new challenge in my professional career, and I did not have to think twice when <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> approached me. I have worked with several of my new colleagues in the past, and over recent years <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> has built a truly exceptional team.”He brings decades of experience to the role, beginning in 1990 when he started building racing yachts. Gregor then moved into the sales of premium yachts, spending many years working with discerning international clients.<a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> founder Michael Schmidt concluded: “Gregor and I have successfully completed numerous projects together over the years. I have always admired the professionalism he demonstrated in every role he held. With Gregor onboard, we are entering a new chapter in the development of our global sales activities.”

Gregor Bredenbeck joins YYachts sales

German shipyard YYachts has announced the appointment of Gregor Bredenbeck.

YYachts appoints Gregor Bredenbeck in worldwide sales operations role

Baysian: 56m Perini Navi sailing yacht sinks in Palermo, Italy

New findings suggest that the weather conditions were not severe enough on their own to have caused Bayesian's sinking.

Bayesian: Investigators say weather alone did not cause 56m Perini Navi yacht sinking

Over the weekend, the 37.3-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/3105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="LoveBug 37.2m (122'1&quot;)Sanlorenzo2010">LoveBug</a> ran aground in approximately half a mile offshore, between Beverly Beach and Curtis Point, at the mouth of the West River, USA.<img src="https://photo-assets.superyachttimes.com/photo/320573/image/large-3a3a9064935e3e923f04ee0f93f695f6.jpeg" data-gid="gid://syiq/Photo/320573">According to local sources <a data-gid="gid://syiq/Yacht/3105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="LoveBug 37.2m (122'1&quot;)Sanlorenzo2010">LoveBug</a> started taking on water and the captain had to deliberately run her aground.&nbsp;<iframe width="640" height="360" src="https://www.youtube.com/embed/adBDCiNNAeY?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe>Marine traffic data indicates that <a data-gid="gid://syiq/Yacht/3105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="LoveBug 37.2m (122'1&quot;)Sanlorenzo2010">LoveBug</a> is still located near the mouth of the West River, close to the small coastal town of Shady Side. It was reported that she was en route to Annapolis, Maryland, when the incident occurred.<img src="https://photo-assets.superyachttimes.com/photo/320699/image/large-6d2afa368e33e8c07b861e8a94a00988.jpeg" data-gid="gid://syiq/Photo/320699">Read: <a data-gid="gid://syiq/Article/61096" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fires, bankruptcy and build delays: Making sense of new-build yacht insurance (2024-07-26 11:00:00 +0200)">Fires, bankruptcy and build delays: Making sense of new-build yacht insurance</a>The cause of the incident remains unclear; however, the US Coast Guard, along with partner agencies, responded to the situation at approximately 12:30 PM. &nbsp;They found the yacht lying on its starboard side, partially submerged. All five individuals onboard were safely rescued.<img src="https://photo-assets.superyachttimes.com/photo/320571/image/large-0395a00ad94bee9d15320cf42e3b58f5.jpg" data-gid="gid://syiq/Photo/320571">To mitigate environmental impact, a salvage company deployed an oil boom around the vessel. Pollution response teams from the U.S. Coast Guard Sector Maryland – National Capital Region were promptly on the scene.<img src="https://photo-assets.superyachttimes.com/photo/320572/image/large-c420579955ea070d6b2485f5e57c5625.jpeg" data-gid="gid://syiq/Photo/320572">Delivered in 2010 under the name Anastasia M, <a data-gid="gid://syiq/Yacht/3105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="LoveBug 37.2m (122'1&quot;)Sanlorenzo2010">LoveBug</a> features exterior design by <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a>, with naval architecture by <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>. She can accommodate eight guests across four staterooms.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/320695/image/large-d00925094105b6c70937d5ba5610ea83.jpeg" data-gid="gid://syiq/Photo/320695">

37m Sanlorenzo motor yacht LoveBug run aground

According to local sources, the 37.2-metre Sanlorenzo motor yacht, LoveBug, began taking on water and was intentionally run aground.

37m Sanlorenzo motor yacht LoveBug deliberately run aground in Chesapeake Bay, USA

The 46.57-metre <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> superyacht <a data-gid="gid://syiq/Yacht/4739" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ethos46.57m (152'9&quot;)Admiral2014">Ethos</a>, previously named PetraTara, has been seen taking on water off the coast of Kefalonia, Greece while in the Paleokaravo Bay.<iframe width="640" height="360" src="https://www.youtube.com/embed/sgm7C_kKGc0?&amp;t=1s&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe>Videos of the yacht published in the past hours show that she has taken on water to the aft starboard area and is significantly listing, whether she hit a reef, ran aground or experienced other technical challenges, is not yet clear. According to the local news outlet Protothema, <a data-gid="gid://syiq/Yacht/4739" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ethos46.57m (152'9&quot;)Admiral2014">Ethos</a> began taking on water after one of the crew members inadvertently left a side door open.<img src="https://photo-assets.superyachttimes.com/photo/321068/image/large-df80a0d6a2613571c5b277a286d88ab5.jpg" data-gid="gid://syiq/Photo/321068">Read: <a data-gid="gid://syiq/Article/61096" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fires, bankruptcy and build delays: Making sense of new-build yacht insurance (2024-07-26 11:00:00 +0200)">Fires, bankruptcy and build delays: Making sense of new-build yacht insurance</a>Moreover, Protothema further reports that the five tourists onboard have safely disembarked with the crew. A private boat is at the scene with two harbour guards monitoring the situation, while a diver is expected to inspect the local reefs.<img src="https://photo-assets.superyachttimes.com/photo/299472/image/large-aa93ee3dcaf41f4c3cd6791fc9e25d45.jpeg" data-gid="gid://syiq/Photo/299472"> <a href="#managed-by-system" title="Ethos46.57m (152'9&quot;)Admiral2014" data-gid="gid://syiq/Yacht/4739" target="_blank" rel="noopener noreferrer"></a><a data-gid="gid://syiq/Yacht/4739" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ethos46.57m (152'9&quot;)Admiral2014">Ethos</a> was delivered in 2014 and features exterior design by <a data-gid="gid://syiq/Company/58" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luca Dini Design & Architecture (Company)">Luca Dini Design &amp; Architecture</a>, while her interior was penned by <a data-gid="gid://syiq/Company/6198" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bergman Design House (Company)">Bergman Design House</a>, with naval architecture by <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>. She can accommodate up to 12 guests across five staterooms. <a data-gid="gid://syiq/Yacht/4739" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ethos46.57m (152'9&quot;)Admiral2014">Ethos</a> underwent an extensive interior refit at <a data-gid="gid://syiq/Company/6089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Papilas Yacht Yard (Company)">Papilas Yacht Yard</a> in Greece that was completed in January. Read:&nbsp;<a data-gid="gid://syiq/Article/59539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="47m Admiral superyacht Ethos undergoing extensive interior refit (2024-01-19 14:00:00 +0100)">47m Admiral superyacht Ethos undergoing extensive interior refit</a>

Yacht Ethos sinking Greece

According to news reports, the 46.57-metre Admiral superyacht Ethos was seen taking in water off the coast of Kefalonia, Greece.

Video: 47m Admiral yacht Ethos taking on water in Greece

The 46.7-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> superyacht <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> has been recovered from the water, in the Bay of Olbia, Sardinia, following her sinking due to a fire on 10 August 2024.<img src="https://photo-assets.superyachttimes.com/photo/336109/image/large-d2466e33666cee4f2c70b6528596d4b5.jpg" data-gid="gid://syiq/Photo/336109">The yacht was parbuckled and lifted from the water by the Conquest MB1 barge, under the supervision of the Guardia Costiera Olbia (Olbia Coast Guard) and Resolve Marine. Videos on social media show the salvage operations beginning, with about 10 divers working with a crane to lift the yacht from the water.&nbsp;Operations were suspended on 3 November as the chains attached to <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> needed to be moved into a new position, as the yacht was filled with water and allegedly heavier than they had anticipated. <img src="https://photo-assets.superyachttimes.com/photo/336127/image/large-a681240d369135fe439f2edc705137f5.png" data-gid="gid://syiq/Photo/336127">Read:&nbsp;<a data-gid="gid://syiq/Article/61337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title=" SYT iQ Insight: Are yacht casualties on the rise? (2024-08-29 11:30:00 +0200)">&nbsp;SYT iQ Insight: Are yacht casualties on the rise?</a> The investigation resumed the following day, with the investigation into the sinking set to be concluded on 6 November, once 3D scans of the area where <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> sank have been carried out.At the time of her sinking, <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> was carrying around 33,000 litres of fuel and approximately 18 batteries onboard, which were removed on 30 August. After the operations, the wreck of <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> will be taken to Piombino. &nbsp;Delivered in 2008 by her Dutch shipyard as part of their <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> 4700 Displacement series, the yacht <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> features exterior design by <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen Yachts</a> and <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a>, while her interior was penned by <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Bannenberg &amp; Rowell Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/336135/image/large-7c9c0cb468bc8e004d7b89dcb699149f.png" data-gid="gid://syiq/Photo/336135"><img src="https://photo-assets.superyachttimes.com/photo/336136/image/large-30588874c567cbb80c1dfe81bd3950ca.png" data-gid="gid://syiq/Photo/336136">At a volume of 499 GT, she was able to host as many as 12 guests across her five stateroom layout. When it comes to her performance, <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> was 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 capable of reaching a cruising speed of 16 knots.&nbsp;You can follow the full story of <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a>’s fire and sinking below.<img src="https://photo-assets.superyachttimes.com/photo/322669/image/large-706dcc586a63040fdb860f1ca71f2466.png" data-gid="gid://syiq/Photo/322669">(13-08-24 14:15) UPDATE: 47m yacht Atina sinks following fire in Olbia, SardiniaNew images and footage have surfaced providing a closer look at the fire and subsequent sinking of the 46.7-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> superyacht <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a>. The fire occurred on 10 August in the Bay of Olbia, Sardinia, with the exact cause of the fire still under investigation.&nbsp;&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/322670/image/large-4ff84101dfc3c3ebbf0a0392da4b6ef4.png" data-gid="gid://syiq/Photo/322670"><img src="https://photo-assets.superyachttimes.com/photo/322671/image/large-ff7e46839ac21246d14651db389d7e53.png" data-gid="gid://syiq/Photo/322671">This new footage reveals flames lapping up the back of <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a>'s aft section, while a large cloud of dark smoke surrounds the vessel. Rescue services are also captured attempting to extinguish the fire with hoses. The 16 people onboard <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a>, who managed to flee the scene in a dinghy before she sunk entirely, reportedly remain unharmed. <iframe width="640" height="360" src="https://player.vimeo.com/video/998152227" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe>&nbsp; (12-08-2024 9:30) Fire destroys 47m yacht Atina in Olbia, Sardinia&nbsp;The 46.7-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> superyacht <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> has been destroyed in a fire in the Bay of Olbia, Sardinia, that broke out on the evening of 10 August, causing her to sink. The exact cause of the fire is still under investigation. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/322547/image/large-c3ec8939c48417272853d66ae30ee8b8.png" data-gid="gid://syiq/Photo/322547">The superyacht <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a>, previously named Naseem, was anchored near the Saline beach, according to local media. Footage of the incident shows <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> engulfed by large flames across her aft, which ultimately prompted the vessel to sink completely in shallow waters, about five to eight-metres deep. The 16 people onboard <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> were reportedly able to escape the scene unscathed in a dinghy.&nbsp;In addition, the Olbia fire brigade teams rushed to the site aboard Coast Guard patrol boats, while a team of divers, a boat from the Porto Torres nautical unit, and a tugboat from the Porto Torres nautical unit also arrived.&nbsp;<iframe width="640" height="360" src="https://player.vimeo.com/video/997625785" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe>Delivered in 2008 by her Dutch shipyard as part of their <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> 4700 Displacement series, the yacht <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> features exterior design by <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen Yachts</a> and <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a>, while her interior was penned by <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Bannenberg &amp; Rowell Design</a>. <img src="https://photo-assets.superyachttimes.com/photo/322548/image/large-9adc80d8d27a1012e75b380f864aabd6.png" data-gid="gid://syiq/Photo/322548">At a volume of 499 GT, she was able to host as many as 12 guests across her five stateroom layout. When it comes to her performance, <a data-gid="gid://syiq/Yacht/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atina 46.7m (153'3&quot;)Heesen Yachts2008">Atina</a> was 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 capable of reaching a cruising speed of 16 knots.&nbsp;

Fire destroys 47m yacht Atina in Olbia

The 46.7-metre Heesen superyacht Atina has been destroyed in a fire in the bay of Olbia. 


Market Insight

SYT iQ Insight: Are yacht casualties on the rise?