<a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has announced their latest investment of more than €13,000,000 to reinvent <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm+Voss</a>’ Dock 10 into Europe's largest covered floating dock. Measuring 287 metres and located within the Port of Hamburg, the new covered dock will be constructed as of mid-2020 to the designs of German architect, Werner Sobek. <img src="/uploads/store/photo/111969/image/large-d789cc554edc9a1f1bd41e359d169c05.jpg" data-gid="gid://syiq/Photo/111969">Once completed, the hall-like construction will give superyacht owners the option to display their vessels within the floating dock or be covered by a custom-made drape. The structure of the hall will consist of various-shaped panels to create a unique reflective surface, as Werner Sobek explains: “The textile cover is poetic and useful at the same time. It protects people and objects from the rigours of the weather without disturbing the visual relationships between inside and outside. Dock 10 will be a significant complement to Hamburg's beautiful cityscape.”<img src="/uploads/store/photo/111970/image/large-735acab6c80342117a81a886a5b8ed8e.jpg" data-gid="gid://syiq/Photo/111970">For the construction of the new hall to begin, the yacht currently lying in the neighbouring 351-metre Elbe 17 dock will be moved into Dock 10. Both yacht and floating dock will then be re-docked together in Elbe 17 for work on the yacht to continue. After an expected construction time of around six months, the floating dock and the yacht inside will both be relocated to the <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> shipyard in Bremen until the vessel is completed. The dock is expected to then return to its original position at <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm+Voss</a> in Hamburg in 2022.<img src="/uploads/store/photo/39648/image/large-c59d6ab17590f6e120c444e952cb2acc.jpg" data-gid="gid://syiq/Photo/39648">Since <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm+Voss</a> was acquired by <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> in 2016, the new owner has invested approximately €20,000,000 into the Hamburg shipyard. “The renovation enables us to significantly expand the range of repairs and refit services for existing and potential customers of yachts, naval and cruise ships. It also further increases the appeal of the location, especially for our yacht customers,” explained Dr. Klaus Borgschulte, Chairman of the Supervisory Board for <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm+Voss</a>. “In addition, we will significantly improve the working conditions for our employees and make ourselves less dependent on the weather. Thanks to the new roof, we will be able to also significantly reduce noise emissions and energy consumption.”

Lürssen invests over €13m in Blohm+Voss' Hamburg shipyard

Lürssen shipyard Dock 10 Hambourg

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Blohm + Voss shipyard in Hamburg, Germany

Lürssen is investing more than €13million into Blohm+Voss’ Hamburg shipyard, Dock 10 to create Europe's largest covered floating dock. 

Lürssen invests over €13m in covered dock at Blohm+Voss

A new international association for naval architects, exterior and interior designers operating in the superyacht sector has been formally launched, called the <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">Superyacht Design and Naval Architecture Association (SYDNA)</a>.<img src="https://photo-assets.superyachttimes.com/photo/395084/image/large-ea7330f65bc3a99734a2919387e86bc7.jpeg" data-gid="gid://syiq/Photo/395084">Launched by Executive Director Clair Rozemeijer, alongside Luca Boldrini, Managing Partner of <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a> and Vice President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>, the organisation aims to provide greater collective representation for yacht designers and naval architects, an area of the superyacht industry that has historically lacked a unified voice despite significant growth over recent decades.“Associations are founded because individual companies often face similar challenges that they cannot solve entirely on their own, and the association’s role is to create a collective strategy and platform to address those challenges together so that ultimately all members benefit individually from the collaboration,” explained Rozemeijer.The association already counts 12 leading design and naval architecture practices among its membership, including <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>, <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>, <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a>, <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a>, <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a>, <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta</a>, <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a>, <a data-gid="gid://syiq/Company/8394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Philippe Briand Group Ltd. (Company)">Philippe Briand</a>, <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a>, <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and <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 qualifying studios invited to join<img src="https://photo-assets.superyachttimes.com/photo/395085/image/large-1f495a08cbefdd41f95fcaeceeb15138.jpg" data-gid="gid://syiq/Photo/395085">“Together with <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>'s board members and founding members, we explored where meaningful collaboration could exist, not in the areas where companies compete, but in the areas where we can collectively strengthen the profession of yacht designers and naval architects, and positively contribute to the wider industry,” added Rozemeijer.The association will aim to improve professionalism through market research, standard contracts, ethical guidelines and quality standards. <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> also plans to engage more actively with regulatory bodies including the <a data-gid="gid://syiq/Company/4531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Maritime Organization (Company)">International Maritime Organization</a> and ISO, while encouraging greater knowledge-sharing among members.Sustainability will also form a core area of focus, as designers and naval architects can play a greater role in supporting the transition towards more sustainable technologies and solutions, including developments linked to Roadmap 2050, in collaboration with the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>.“The Superyacht Builders Association (SYBAss) has successfully got the industry’s voice heard before new rules and regulations become a fait accompli,” added Espen Øino, founder and owner of <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, and President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. <img src="https://photo-assets.superyachttimes.com/photo/395086/image/large-bd4c7ffda795a9ef61a079534321475b.jpeg" data-gid="gid://syiq/Photo/395086">“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> allows us to have representation for elements specific to what we do as designers, whether that’s rules and regulations, how we deal with contracts, or other issues on which we will benefit from open discussion. It enables us to speak with one common voice toward authorities, the media, or clients.”The association also aims to strengthen recognition and credibility for member studios while supporting future generations of designers entering the sector. “The creative side of our industry has grown quite organically over many years and we’ve all entered it from different avenues,” said Jim Dixon, Studio Principal of Yachts &amp; Aviation at <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and board member of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. “We all felt it was time for consolidation, unanimity and robustness behind what we do.”To qualify for full membership, studios must have operated for at least 10 years and successfully delivered a minimum of five projects over 30 metres within the past decade, including new builds, major refits or conversions.“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> means we can not only bring designers together better, but also enhance our communication, cross-fertilisation and collaboration with shipyards and brokers, and ultimately that helps to grow the industry as a whole,” concluded Boldrini.

SYDNA launches international association for superyacht designers and naval architects

A new international association for naval architects and designers
operating in the superyacht sector has been formally launched.

SYDNA launches to represent superyacht designers and naval architects

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has announced plans to gradually increase activity across its shipyard operations, with the goal of returning to full operations in early June.In a statement issued today (27 May 2026), <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> stated that the shipyard's operational activities will be ‘progressively intensified’, amid the ongoing restructuring process. This follows last week’s announcement that the company’s share capital had fallen below the legal minimum.Read more: <a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a><img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, the company aims to reach full operations, starting from the first ten days of June. They stated that a rebalancing process remains underway through previously identified strategic measures, with cash management and operational financial dynamics continuing to be monitored.CEO Giovanni Costantino confirmed that the restructuring process is being developed with the support of top-tier advisors, but also criticised certain trade union organisations, which he described as “superficial” and “provocative” to the situation.&nbsp;“Rather than working together constructively and contributing during such a crucial phase in the life of the company, figures are being cited at random with no understanding whatsoever of the actual business situation,” commented Giovanni Costantino.&nbsp;The company also provided updates on several key projects currently under construction, including the first unit of the new 49.95-metre <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> Panorama 50M line, <a data-gid="gid://syiq/Yacht/12258" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spribe50.0m (164'1&quot;)Admiral2026">Spribe</a>, which recently completed sea trials and is scheduled for delivery in the first days of July, and the second hybrid unit, which will be launched in the first ten days of July, with delivery expected in September.Read more: <a data-gid="gid://syiq/Article/64891" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="50m Admiral Yachts Panorama series motor yacht Spribe launched (2025-12-02 15:00:00 +0100)">50m Admiral Yachts Panorama series motor yacht Spribe launched</a><img src="https://photo-assets.superyachttimes.com/photo/379687/image/large-11f9a8770e46f4ce46a8fb5632b8a7c1.jpg" data-gid="gid://syiq/Photo/379687">Meanwhile, the 31-metre <a data-gid="gid://syiq/Article/64789" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 31m Tecnomar for Lamborghini 101 yacht moves to outfitting (2025-11-17 15:45:00 +0100)">Tecnomar for Lamborghini 101</a> yacht is currently undergoing the final stages of carpentry works at the Group’s Turkish facilities before being transferred to Italy in mid-June for outfitting. Construction of an additional 88-metre project is also progressing to schedule, with the yacht expected to arrive in Italy in October for completion works.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> also confirmed progress on its larger custom projects, including recently signed 82-metre and 85-metre builds acquired at the end of 2025. Both projects are currently in the detailed design phase, with keel-laying ceremonies expected to take place between July and September at the Group’s facilities in Turkey.&nbsp;The company added that activities within its refit division have continued without interruption, with operations at <a data-gid="gid://syiq/Company/7113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Celi S.r.l (Company)">CELI 1920</a>, the Group’s interior and cabinetry division, progressing in line with planned schedules.In addition, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that it will participate in the 2026 edition of the <a data-gid="gid://syiq/Event/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2026">Monaco Yacht Show</a>, scheduled to take place this September.

The Italian Sea Group aims for full operations by June 

TISG has announced plans to gradually increase activity across its shipyard operations, with the goal of returning to full operations in early June.

The Italian Sea Group aims for full operations by June amid company restructuring

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> is facing a serious financial setback and has entered a formal court-supervised restructuring process in an effort to stabilise the business.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">In a forensic due diligence update, the company said it has recorded losses significant enough to reduce its share capital below the minimum level required under Italian law. This has triggered a material event under Article 2447 of the Italian Civil Code, which in turn requires mandatory corporate action and the activation of protective measures under Italy’s Crisis and Insolvency Code.The Board of Directors met on 21 May 2026 to address what it described as significant losses. <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that it is now operating within a formal restructuring framework as it works to address the financial shortfall and restore its capital position.&nbsp;The update follows an announcement in April 2026, where <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that the court of Florence had granted protective measures as part of its negotiated composition procedure to restructure the company.Read: <a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a><img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">The ruling comes following a criminal complaint filed by Chief Executive Officer Giovanni Costantino against certain former senior executives of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> who headed corporate functions and allegedly acted in coordination with one another.According to the company, preliminary assessments show that accumulated losses have reduced share capital below the legal minimum threshold required under Italian corporate law.&nbsp;While the exact figure has yet to be determined, the board confirmed that statutory obligations have been triggered, including the convening of a shareholders’ meeting and the preparation of updated financial statements.The board also approved the guidelines of a broader turnaround plan aimed at restoring financial stability and maintaining business continuity. The company stated that the plan is intended to preserve ongoing concern status, while rebalancing equity within the current financial year.The proposed measures include renegotiations with multiple ship owning companies to recover extra costs on existing contracts, the revaluation of real estate assets, potential disposal of non-core property assets and the possibility of positive effects arising from an agreement with tax authorities.The board said it believes the underlying assumptions of the plan provide a reasonable basis for overcoming the current financial difficulties, while continuing to operate across its shipbuilding and refit divisions.The company also acknowledged the causes of the crisis to misconduct by certain senior managers acting in coordination.&nbsp;Read: <a data-gid="gid://syiq/Article/65584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG files complaint against former executives following forensic investigation (2026-03-10 09:15:00 +0100)">TISG files complaint against former executives following forensic investigation</a><img src="https://photo-assets.superyachttimes.com/photo/355527/image/large-10e2f4203acc580bab536674f4910115.jpg" data-gid="gid://syiq/Photo/355527">As part of the restructuring framework, the company has also activated protective measures under Article 20 of Legislative Decree 14/2019, designed to safeguard operations while restructuring actions are implemented. The filing will take effect upon registration with the Companies’ Register.On 2 March, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that it had appointed KPMG to conduct an independent forensic investigation after it had identified significant extra-budget costs across its order portfolio.According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, the due diligence conducted by KPMG Advisory, originally initiated in February 2026, has been delayed due to the prioritisation of business continuity measures and changes in senior management. The completion of the review is now expected by late June or early July 2026.The company also confirmed it will continue to update the market as required under EU Market Abuse Regulation obligations.

TISG share capital falls below legal minimum

TISG is facing a serious financial setback and has entered a formal court-supervised restructuring process in an effort to stabilise the business.

TISG enters restructuring phase after share capital falls below legal minimum

<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has approved its unaudited consolidated periodic financial information for the first quarter of 2026, reporting lower revenue, profit and order intake, while maintaining a slightly improved adjusted EBITDA margin.Net revenue new yachts amounted to €302.1 million in the first quarter of 2026, down eight percent compared with €328.5 million in the same period last year. Adjusted EBITDA stood at €48.7 million, compared with €52.5 million in Q1 2025, while the adjusted EBITDA margin increased slightly to 16.1 percent, up from 16 percent a year earlier.<img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">Net profit for the period was €21 million, compared with €23.9 million in the first quarter of 2025. Order intake reached €179.6 million, down from €270.6 million in Q1 2025, reflecting what the company described as a softer commercial environment and slower order conversion.<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s net backlog stood at €722.3 million as of 31 March 2026, compared with €828.6 million at the end of December 2025. The company reported a net financial position of €18.4 million at the end of the quarter, down from €111 million as of 31 December 2025.Stassi Anastassov, Chief Executive Officer of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, said the first quarter had reflected “a softer commercial environment and slower order conversion than we would have liked, particularly on order intake.” He added that the group was approaching the market with “realism, discipline and operational focus.”Despite the lower order intake, Anastassov said the underlying fundamentals of the business remained solid, citing the group’s brand positioning, resilient margins and backlog visibility. According to <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, more than €400 million of net backlog is expected to convert into 2026 revenues.For the full year 2026, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has issued guidance for net revenue new yachts of between €1.25 billion and €1.27 billion. The company expects an adjusted EBITDA margin of between 16.2 percent and 16.6 percent, with capital expenditure forecast between €70 million and €75 million.During the first quarter, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> participated in several major international boat shows, including Düsseldorf, Miami and Palm Beach. The company also remained the subject of corporate activity following KKCG Maritime’s conditional voluntary partial tender offer to acquire up to 15.4 percent of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s share capital.The offer, initially priced at €3.50 per share, was increased to €3.90 per share in March. The acceptance period closed on 13 April 2026, with KKCG Maritime receiving valid acceptances for 29,611,598 shares, representing approximately 8.75 percent of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s share capital. The total consideration amounted to €115.5 million.Following the end of the reporting period, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> also held its ordinary shareholders’ meeting on 14 May 2026. Among other resolutions, shareholders approved the audited separate financial statements for the year ended 31 December 2025, the distribution of an ordinary dividend of €0.11 per share, and the appointment of the new Board of Directors and Board of Statutory Auditors.<img src="https://photo-assets.superyachttimes.com/photo/394211/image/large-a4e5f60bae61b6a1d51d622c3e77d808.jpeg" data-gid="gid://syiq/Photo/394211">Read:&nbsp;<a data-gid="gid://syiq/Article/66087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors (2026-05-14 16:00:00 +0200)">Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors</a> On 14 May 2026, the company held its ordinary shareholders’ meeting, during which shareholders approved the appointment of a new Board of Directors. The changes marked the departure of Alberto Galassi, who had led <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> as Chief Executive Officer for 12 years. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s current corporate governance page lists Stassi Anastassov as Chief Executive Officer and Tan Ning as Chairman of the Board of Directors.

Ferretti Group reports lower Q1 revenue as order intake falls

Ferretti Group reports lower Q1 2026 revenue, profit and order intake, while maintaining a slightly improved adjusted EBITDA margin.

Ferretti Group reports €302m in Q1 revenue as order intake softens

Online marine marketplace <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yacht Sales</a> has announced that the company will officially rebrand as NextBoat Inc, effective on or about 29 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/390341/image/large-be765afb7248df37e9b507deb714d575.jpg" data-gid="gid://syiq/Photo/390341">The rebrand will also see its ticker symbol on the New York Stock Exchange change from OTH to NXB and aims to reflect the company’s evolution from a traditional yacht brokerage business, into an AI-powered technology platform.“<a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> was where we started, but NextBoat represents where we are going,” explained Chief Executive Officer Brian John. “We are building a technology platform that empowers brokers, dealers, resellers and marine entrepreneurs to buy and sell boats more efficiently through artificial intelligence, automation and data-driven infrastructure.”&nbsp;NextBoat is embedding artificial intelligence throughout the transaction process, through AI-driven valuations, AI-assisted acquisitions to identify off-market opportunities, AI-powered matching to connect buyer and sellers and AI-driven closing to automate documentation and workflows.&nbsp;“We’re entering a phase where technology doesn’t just support transactions-it executes them,” added Chief Operating Officer Blake Phillips. “This is how we believe we can scale efficiently without traditional overhead. We are an AI driven technology platform that allows us to be the largest buyer and seller of pre-owned boats.”Last week <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> announced it had completed the acquisition of marine, service and storage company, Apex Marine Group. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> believes that the Apex acquisition opens the door for additional partnerships, as it expands both its sales and service platforms.Read:&nbsp;<a data-gid="gid://syiq/Article/66089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts completes acquisition of Apex Marine Group (2026-05-14 16:30:00 +0200)">Off The Hook Yachts completes acquisition of Apex Marine Group</a><a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> will continue operating as a core division under NextBoat, with its focus primarily on B2B dealer transactions and inventory liquidation, allowing dealers to wholesale trade-ins and aged inventory through the platform."Just as technology transformed how people buy homes, cars and travel, we believe boating is approaching its own major digital transformation," concluded Philllips. "Our goal is not simply to participate in this evolution, we intend to define it."

Off The Hook Yacht Sales to rebrand as NextBoat

Off The Hook Yacht Sales has announced that the company will officially rebrand as NextBoat Inc, effective on or about 29 May 2026.

<a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a>’ acquisition of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> has marked a defining step in the group’s international expansion, positioning the US-based operator firmly within the Mediterranean – widely regarded as the epicentre of global yachting. Yet, as CEO Baxter Underwood makes clear, the transaction is less about geographic reach alone and more about aligning with the right people, culture and long-term philosophy.We sat down with Baxter and the team at Monaco Marine as they prepared to rebrand the Mediterranean eco-system under the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> banner, to understand how this relationship has developed and to find out their plans for the future. <img src="https://photo-assets.superyachttimes.com/photo/393753/image/large-6d9a79cfed5677ff0aef3b6de2780442.jpg" data-gid="gid://syiq/Photo/393753">A people-led approach to expansion<a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s entry into the Mediterranean was not a rapid decision. Over a five-year period, the group evaluated multiple opportunities across the region before completing the <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> acquisition in 2025. The process ultimately reinforced a core principle underpinning its growth strategy: successful expansion begins with people rather than infrastructure.“The growth strategy of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> has always been to evaluate teams in each geography, be that the Caribbean, Central America or in this case the Mediterranean. Monaco Marine stood out for us because they had a strong team and the cultural characteristics to be a platform for expansion in the Med,” explained Baxter.Rather than seeking to replicate its US operating model abroad, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> prioritised identifying a team already demonstrating excellence within its market. Monaco Marine, with its network of nine facilities across the Mediterranean, offered not only scale but, more importantly, a deeply embedded culture shaped by founder Michel Ducros.Underwood highlights that it was this culture – defined by precision, consistency and a relentless pursuit of improvement – that distinguished <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> from other opportunities. The company’s facilities, while quite significant, were secondary in importance to the strength of its human capital and operational ethos.Culture as the foundation of long-term valueAt the heart of the acquisition lies a recognition that cultural alignment is critical to long-term success. <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> operates with a distinct approach shaped by the nuances of the Mediterranean market, from client engagement to seasonal workflows and service delivery.“In the most important ways, the team and culture built by Michel was remarkably similar to our own. But they also did things differently than we did. Certain elements of their superyacht service model differed from how we operated in the US. We didn’t want to take our American mentality and force it on the European market, so we evaluated and embraced the positive differences, the ones that created value for the customers. This exchange of best practices has proven to be valuable. We’ve already begun implementing many of the learnings into our service model in the US.”&nbsp;Rather than viewing these differences as barriers, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> viewed them as essential characteristics for succeeding in the region. The objective was not to impose uniformity, but to embrace and learn from a system already optimised for its environment.What ultimately aligned the two organisations was a shared commitment to excellence in a context of teamwork and desire to learn together. Underwood describes <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s leadership as possessing an almost artistic attention to detail, supported by continuous investment in training, technology, and operational rigor that is always seeking client feedback. This alignment provides the foundation upon which mutually accretive integration is achievable.<img src="https://photo-assets.superyachttimes.com/photo/393751/image/large-d14364d694d27fa3dccb17b0342b2431.jpg" data-gid="gid://syiq/Photo/393751">Retaining expertise and expanding influenceWith culture identified as the cornerstone of value, retaining Monaco Marine’s team became an immediate strategic priority. <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> worked closely with the existing management team throughout the transition to ensure continuity, leveraging his longstanding relationships across the organisation.The result has been significant team retention – a critical outcome in preserving both operational consistency and client trust. “The nine assets and locations are wonderful, but the technical capability and commitment of the team was the heart of the acquisition,” explains Baxter.&nbsp;Rather than operating independently, the team is now positioned to play an influential role within <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s wider network. Their expertise is informing operational improvements across the group’s US and Caribbean locations, including with sustainability initiatives like <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s innovative approach to waste water management.This shift reflects <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s broader philosophy: growth is not achieved by centralising knowledge alone, but by distributing it across its broad network and encouraging regional leaders to shape its global operations.Establishing a European cornerstoneThe acquisition firmly establishes Monaco Marine as <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s flagship platform in Europe. Beyond its physical presence, it provides the local insight necessary to guide further expansion across the region.The Mediterranean’s position as the world’s most significant yachting market makes this foothold particularly strategic. <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s team now plays a central role in identifying and evaluating future acquisition targets, ensuring that expansion is informed by regional expertise rather than external assumptions.This approach reveals one of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s core strategies – one that values diverse knowledge as a driver of innovative growth.<img src="https://photo-assets.superyachttimes.com/photo/393752/image/large-b3feb1138e2178b590c702495932782f.jpg" data-gid="gid://syiq/Photo/393752">Creating a seamless transatlantic networkA key objective of the integration is to deliver a unified service experience across both sides of the Atlantic. Even prior to the acquisition, approximately 37 percent of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s US-based superyacht clients were already utilising <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> facilities during Mediterranean operations. That figure has since increased, reflecting stronger alignment between the two networks.The focus has now moved to ensuring continuity. This extends beyond technical capabilities and refit standards to encompass communication, processes and the overall client experience. Owners, captains and crews will encounter the same level of service and operational consistency across the entire network.Monaco Marine’s active engagement 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>’s other operations has been instrumental in this process, with cross-regional collaboration shaping a more cohesive global offering.Enabling greater transatlantic mobilityBy connecting two of the industry’s most active cruising regions, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> is positioned to facilitate more fluid vessel movement between the United States and the Mediterranean. The company believes that this is a good thing for the yachting community.This enhanced connectivity is expected to increase operational efficiency while encouraging more frequent transatlantic cruising among US-based clients. Central to this ambition is the assurance of reliable, high-quality support throughout a vessel’s journey.In this sense, the acquisition aligns with a broader industry dynamic: as yachts operate across increasingly global itineraries, service networks evolve to match their mobility.Balancing identity and integrationOne of the more visible outcomes of the acquisition is the planned rebranding of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> under the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> name. While strategically aligned with the creation of a unified global identity, the decision was not made quickly.“This was not an easy decision and something that took both collaboration and support from the team at <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>” adds Baxter. “Our goal is to achieve a sense of oneness for owners, captains, builders, OEMs, so that they can expect the same level of service excellence at every <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> facility.”&nbsp;<a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s brand carries significant heritage within the Mediterranean, and preserving the qualities that underpin that reputation is a priority. For clients, changes will initially be most apparent through branding, signage and on-site identity. However, the overarching aim is for the experience itself to constantly innovate and evolve in favor of the customers.Raising the standard across the industryBeyond its immediate operational impact, the acquisition reflects a broader ambition within <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s strategy. The goal is not solely to expand its own footprint, but to elevate standards across the yachting ecosystem.By connecting regions, sharing expertise and refining service delivery, the group seeks to enhance the experience for owners, captains, crew and industry stakeholders alike.In this context, the integration of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> represents more than a geographical expansion. It signals a move towards a more connected, consistent and collaborative global yachting landscape – one in which excellence is defined not by location, but by a shared commitment to quality.

Safe Harbor’s Monaco Marine acquisition

We sat down with Baxter and the team at Monaco Marine as they prepared to rebrand the Mediterranean eco-system under the Safe Harbor banner.

Behind the Safe Harbor rebrand of Monaco Marine

The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has 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.<img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">The appointment was confirmed by the Board of Directors, which also reconfirmed Tan Ning as Chairman of the Board. Anastassov succeeds Alberto Galassi, whose departure from the company was announced yesterday.Read: <a data-gid="gid://syiq/Article/66087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors (2026-05-14 16:00:00 +0200)">Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors</a><img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-769ff4738384374b511d59651630542a.jpg" data-gid="gid://syiq/Photo/220951">Anastassov joins the group with extensive international leadership experience across the consumer, industrial and manufacturing sectors. He previously served as the President and Chief Executive Officer of Duracell and spent three decades in senior leadership roles at Procter &amp; Gamble across Europe, North America, Asia and the Middle East.In addition to his executive experience, Anastassov currently serves as a non-executive director of JS Global Lifestyle and Better Shelter, while also advising international companies and investment firms on governance and operational transformation.“It is an honour to be appointed Chief Executive Officer of a unique company built on extraordinary brands, exceptional craftsmanship and talented people,” commented Stassi Anastassov.&nbsp;“Italy is and will remain the heart of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>. Our commitment is first and foremost to the strength, stability and long-term success of the Company. By serving the business well, we serve all shareholders, employees, customers and partners who contribute to <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s future.”During yesterday’s shareholder’s meeting is was announced that Tan Ning was appointed as Chairman of the Board of Directors, alongside Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer joins the board representing minority shareholder Azùr a.s.“On behalf of the Board, I thank shareholders for their continued trust and support. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> enters this next phase with strong foundations, exceptional brands and significant long-term opportunities,” added Tan Ning.&nbsp;“The Board remains fully committed to continuity, disciplined execution and the long-term development of the Group. Under Mr. Anastassov’s leadership, the Group will continue to strengthen its operational excellence, global positioning and long-term value creation while preserving the unique heritage and identity that define <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.”<img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Ownership tensions continueAs well as this, Reuters reported earlier today that Czech investor KKCG Maritime had 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> has breached "golden power" rules designed to shield strategic assets.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/386471/image/large-5864e3d980f30348ec76855095f57666.jpg" data-gid="gid://syiq/Photo/386471">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.As a result of this, KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. "A request has been received and is currently being considered by the relevant departments,” explained Industry Minister Adolfo Urso.During the announcement of its new CEO Stassi Anastassov, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> said it would continue to execute its existing strategic and industrial plans while further strengthening operational discipline, global development and long-term value creation.The company’s next Board meeting is scheduled for 19 May 2026, during which it will review its first-quarter 2026 financial results.

Ferretti Group appoints Stassi Anastassov as CEO

The Ferretti Group has officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect.

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Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions

Online marine marketplace <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a> has completed the acquisition of marine, service and storage company, Apex Marine Group.<img src="https://photo-assets.superyachttimes.com/photo/393587/image/large-77d79f43d3f87b5a5a2311f82a62aa95.png" data-gid="gid://syiq/Photo/393587">The acquisition was <a data-gid="gid://syiq/Article/65451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts to acquire Apex Marine Group (2026-02-24 14:00:00 +0100)">first announced in February 2026</a>, with the deal valued at $5.5 million, with $1.83 million in cash, approximately 670,000 shares valued at $2.70 and a $1.83 million secured seller note at six percent due in three years.Located in South Florida, the Apex facilities include four prime storage and service locations, haul-out capability up to 150 metric tons and vessels up to 40 metres, and comprehensive in-house service teams for repair, refit and refurbishment.“The integration of these capabilities is already generating millions of dollars in annual cost savings by reducing third-party service dependencies, lowering transportation costs, accelerating turnaround times, and delivering higher-quality refurbishments,” said Brian John, CEO of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/386344/image/large-a0334d742061ce908dacbd406c529d7b.jpg" data-gid="gid://syiq/Photo/386344">“This centralised approach allows us to standardise refurbishment quality, reduce cycle times from acquisition to resale, and scale inventory without proportional overhead increases.”Founded in 2012, <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a> is an online marine marketplace for pre-owned boats, with an integrated ecosystem that includes <a data-gid="gid://syiq/Company/8384" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Autograph Yacht Group (Company)">Autograph Yacht Group</a>, Azure Funding and proprietary lead-generation platforms.“This acquisition is fundamentally about operational dominance through infrastructure,” concluded Jason Ruegg, Founder of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a>. “Facilities like these are unique in South Florida. Bringing service, storage and hauling in-house is a game changer for our efficiency, margins and ability to scale.”

Off the Hook Yachts completes Apex Marine Group acquisition

Off The Hook Yachts has completed the acquisition of marine, service and storage company, Apex Marine Group.

Off The Hook Yachts completes acquisition of Apex Marine Group

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has appointed a new Board of Directors during its Ordinary Shareholders’ Meeting held on 14 May 2026, and confirmed the departure of longtime CEO Alberto Galassi after 12 years leading the company.<img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-769ff4738384374b511d59651630542a.jpg" data-gid="gid://syiq/Photo/220951">The new board of directors was announced following today’s earlier announcement that Piero Ferrari and Stefano Domenicali had resigned yesterday evening, with immediate effect.Read:&nbsp;<a data-gid="gid://syiq/Article/66083" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti directors Piero Ferrari and Stefano Domenicali resign amid board tensions (2026-05-14 11:30:00 +0200)">Ferretti directors Piero Ferrari and Stefano Domenicali resign amid board tensions</a><img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Shareholders appointed Tan Ning as Chairman of the Board of Directors, while the board is expected to formally appoint Stassi Anastassov as Chief Executive Officer during a follow-up board meeting scheduled for 15 May 2026.“It is a great honor for me to be elected Chairman of the Board and wish to express my sincere gratitude to the Shareholders for their trust and continued support,” explained Tan Ning, the Chairman of the Board of Directors.“I would also like to extend my heartfelt thanks to the outgoing Board of Directors and Board of Statutory Auditors, as well as to the outgoing CEO, Mr Alberto Galassi, for work carried out during his mandate in the past twelve years.”The Shareholders’ Meeting appointed nine members to the Board of Directors, which will remain in office until the approval of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s 2028 financial statements. The board includes newly appointed Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer joins the board representing minority shareholder Azùr a.s.<img src="https://photo-assets.superyachttimes.com/photo/345521/image/large-30a3e8a5f540ae8ddee0f58d7a955771.jpg" data-gid="gid://syiq/Photo/345521">The Board of Directors is expected to approve the following proposed structure during its meeting on 15 May, which includes, &nbsp;Tan Ning as Executive Director and Chairman, Stassi Anastassov as Chief Executive Officer, and Patrick Sun, Zhu Yi, Federica Marchionni and Donatella Sciuto as non-executive independent directors.The company also proposed the formation of several governance committees, including Audit, ESG, Strategic, Nomination and Remuneration committees.Alongside the leadership changes, shareholders approved <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s 2025 financial statements, with the group reporting net new yacht revenues of €1.23 billion, up five percent year-on-year. Adjusted EBITDA increased 6.7 percent to €202.8 million, while the company reported a net cash position of €111 million.Shareholders also approved the distribution of a dividend of €0.11 per share, representing a maximum payout of approximately €37.2 million. The dividend will be paid on 17 June 2026.“The new Board of Directors represents continuity, stability and growth,” concluded Ning. “It leverages a long-term industrial vision aimed at enhancing the Group and its brands, as well as maintaining the manufacturing presence in Italy and the global commercial network, in line with the path undertaken since 2012.”

Ferretti appoints new Board of Directors

Ferretti Group has appointed a new Board of Directors and confirmed the departure of longtime CEO Alberto Galassi.

Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors

UK yacht builder <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker International</a> and its US subsidiary, Sunseeker USA Sales Co. Inc, have pleaded guilty to two violations of the US Lacey Act relating to the use of illegally obtained Burmese teak in yachts imported into the United States.<img src="https://photo-assets.superyachttimes.com/photo/267386/image/large-b625274087c4140f98ca0501da7527c1.jpg" data-gid="gid://syiq/Photo/267386">According to the US Department of Justice, the company admitted to using illegally sourced teak on components incorporated into yachts exported to the US market. This included a teak balcony door intended for installation on a yacht and teak parts fitted to vessels valued at approximately $2.98 million and $1.07 million respectively.<a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> agreed to pay a $200,000 fine and implement a compliance plan as part of the resolution. The company is scheduled to be sentenced on 20 August 2026.The case was investigated by the US Fish and Wildlife Service and prosecuted by the Environment and Natural Resources Division of the US Department of Justice, alongside the US Attorney’s Office for the Southern District of Florida.“Congress amended the Lacey Act in 2008 to prohibit the importation of illegally harvested timber,” said Principal Deputy Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division (ENRD).“By enforcing the law, we ensure a level playing field for companies that follow the law. Timber trafficking is the third most lucrative form of transnational crime, so enforcing the law keeps money from flowing into criminal enterprises.”According to the DOJ, Myanmar teak has been subject to international concern since at least 2017, with both the US and UK imposing sanctions related to Myanmar’s timber sector. The Myanmar Timber Enterprise (MTE), the state entity controlling teak exports, is sanctioned by multiple jurisdictions.In 2024, <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker International</a> was fined £358,759.64 for importing Myanmar teak in violation of UK timber regulations. They pleaded guilty at Bournemouth Crown Court to three charges, including failure to exercise due diligence and maintain proper records when placing timber on the market.Read:&nbsp;<a data-gid="gid://syiq/Article/62081" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker International fined £359k over use of illegal Myanmar teak (2024-11-25 13:15:00 +0100)">Sunseeker International fined £359k over use of illegal Myanmar teak</a><img src="https://photo-assets.superyachttimes.com/photo/338910/image/large-d8f4dbc886a1953c570d4b0f9d3455ec.jpg" data-gid="gid://syiq/Photo/338910">The US authorities said the US imports were linked to the same underlying supply chain issues addressed in the UK proceedings.“Timber trafficking is a transnational crime that damages forests and puts legitimate businesses at a disadvantage,” concluded U.S. Fish and Wildlife Service Office of Law Enforcement Assistant Director, Doug Ault.&nbsp;“We are actively disrupting illegal timber supply chains and holding violators accountable under the Lacey Act. This case is part of our ongoing work to protect natural resources and ensure American markets aren’t a destination for illegal goods.”<a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> is due to be sentenced on 20 August 2026.

Sunseeker International pleads guilty in US Lacey Act case over Myanmar teak imports

Sunseeker International and its US subsidiary, Sunseeker USA Sales, have pleaded guilty to two violations of the US Lacey Act.

Sunseeker International pleads guilty over illegal Myanmar teak imports in US

Leona Caanen sits down with Rick and Rebecca Szelc, the owners of the 122’&nbsp;<a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a>&nbsp;motor yacht&nbsp;<a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>, to learn more about their love for the sea, their adventures onboard the 37-metre, and why she’s for sale.<img src="https://photo-assets.superyachttimes.com/photo/382924/image/large-2b32f2fc69c7bc21ae4c70cda2218e36.jpg" data-gid="gid://syiq/Photo/382924">A love for the waterWhile growing up in vastly different places, Rick in the Great Lakes area and Rebecca along the Gulf of Mexico and the Atlantic, the two share a deep love for the water. “Growing up,” Rick shares, “I was always fresh water boating with boats under 30 feet.” Rebecca, instead, could be found (spear)fishing, snorkelling, or at the beach: “I fished off the beach, off of bridges, anywhere. I developed a love for it.”&nbsp;When not fishing, Rebecca spent much of her childhood snorkelling and scuba diving, obtaining her PADI certificate at just 12 years old. “I’m fascinated not just by the fish, but by the corals and reefs and the entire underwater environment. It brings you such peace and calm,” adding that &nbsp;“if I’m near or under the water, that’s when I’m happiest.”<img src="https://photo-assets.superyachttimes.com/photo/395447/image/large-b135c7290df34a505d963856c0579d1a.jpeg" data-gid="gid://syiq/Photo/395447">For Rick and Rebecca, owning a yacht has always been about sharing their love for the sea with their community. “The yacht allows us to share our passion and love with friends and family in a way that we just couldn’t before,” Rebecca shares, “having grown up with a love for the sea, being on a yacht has only amplified that passion.”Rick shares “what is really joyous in our life is that we have similar passions, we both really enjoy being onboard. The alarm goes off at 5:30 and Rebecca will go fishing, and I’m just up for a cup of coffee”; a serene glimpse into life onboard <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>, their 37-metre <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a>. <img src="https://photo-assets.superyachttimes.com/photo/382939/image/large-13d291311d75d42e63f6db9ff710acd3.jpg" data-gid="gid://syiq/Photo/382939">Purchasing <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>The <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a> isn’t the first yacht that the couple has owned; that would be a 35 Formula. While they didn’t own it for long, acquiring it was eventful enough that the boat hasn’t been forgotten.Living in Texas at the time, on a regular Saturday morning in January 2015, whilst out for breakfast “I threw Rebecca a curveball, as I always do,” Rick laughs. “I said, ‘what would you like to do for the rest of our lives?’ to which she replied, ‘I’d like to order breakfast and not think about the next decades of our lives together.’“ Rick continued his brainstorm, “what if we did something in Naples, Florida?” to which Rebecca laughingly replied, “okay, can I order breakfast now?”<img src="https://photo-assets.superyachttimes.com/photo/393421/image/large-5f33d7eece57325c28391897d8eef9c7.jpg" data-gid="gid://syiq/Photo/393421">Later that same day, Rick mentioned he had great news, he had purchased the 35 Formula in Naples, Florida. Flying down to Hamilton Harbor, they set out to spend the next few days onboard the new yacht. Unfortunately, that turned out to be the most uncomfortable night of sleep Rick ever had, leading to him putting the boat up for sale.Throughout the next few years, Rick and Rebecca exchanged one model for the next in the journey to find the perfect yacht for their adventures. The 35 Formula was exchanged for a 44 <a data-gid="gid://syiq/Company/5727" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tiara Yachts (Company)">Tiara</a>, which was eventually upgraded to a 64’ <a data-gid="gid://syiq/Company/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hatteras Yachts (Company)">Hatteras</a>. Because of the limited space onboard for crew, eventually Rick and Rebecca decided on an 80’ <a data-gid="gid://syiq/Company/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hatteras Yachts (Company)">Hatteras</a>, before exchanging that for the 100’ <a data-gid="gid://syiq/Company/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hatteras Yachts (Company)">Hatteras</a>. Onboard their various vessels, they have explored much of the southern coast of Florida, as well as the Bahamas. <img src="https://photo-assets.superyachttimes.com/photo/382944/image/large-9210f5f0dab1395f5343ac08e2c398b4.jpg" data-gid="gid://syiq/Photo/382944">In 2021, the timing seemed right to step out of yachting. “It’s not about how much the elephant costs, but rather how much you have to feed it,” an acquaintance told Rick. “Rick will now always advise his friends to buy their last yacht first” Rebecca shares. “Don’t buy 10 boats on your way to the last one!” Rick laughs, adding “but we’ve made a lot of brokers very happy over the last ten years; we probably paid for some home down payments and fancy meals as a result of all our boating adventures.”Whilst seriously considering leaving the yachting world and selling the boat, a 122’ <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a> in pristine condition came on the market. “It’s a special <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta</a>,” says Rick, “she’s just so beautifully crafted and she has a timeless design.” <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a> is widely known as the “<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> of the US,” says the couple, “we couldn’t pass up the opportunity to purchase her.” She was built in 1997 by the all-American yard and has been properly cared for by her various owners over the years. <img src="https://photo-assets.superyachttimes.com/photo/284541/image/large-83b17ef9687251543f7916d050dda159.jpeg" data-gid="gid://syiq/Photo/284541">High probability of adventureWhen coming into ownership of the <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a>, they renamed her <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>. “It’s always difficult to name a yacht; you want a name that’s not too long and is easy for when you’re pulling into port,” Rick notes. The reason Rebecca and Rick decided on <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>, is because, to them, everything in life has a probability: your friendships, relationships,” shares Rick. “Even in investing, which is my line of business,” he adds, “we make decisions based on 70 percent certainty. Living life means not having perfect information and taking risks.”<img src="https://photo-assets.superyachttimes.com/photo/382945/image/large-4691d16221dd7aa7aa2f7dac280538eb.jpg" data-gid="gid://syiq/Photo/382945">“His philosophy in life is that there are no certainties; it’s just a series of probabilities and it’s how you manage them that determine the outcome” Rebecca says. ”It’s human - we all make decisions and you hope you make good choices, but things happen and life changes course,” Rick adds, “that’s how we came up with <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>.”Rick and Rebecca have many happy memories on and in the water, yet some of the highlights have taken place onboard the 37.2-metre <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a>. Specific stand-outs are their trips to the Bahamas, specifically to the Exumas. “I just couldn’t get over the colour of the water and the various shades of blue; every shade of blue you can imagine was there”, Rebecca recalls.<img src="https://photo-assets.superyachttimes.com/photo/382930/image/large-6b046cd52c5594a080bb1e1577132b4c.jpg" data-gid="gid://syiq/Photo/382930">They were onboard with some friends who had never been to the Bahamas, “one of them was a yoga instructor, so we gathered on the aft deck and she hosted a yoga class while we were anchored in this beautiful water.”Shortly after finishing the yoga flow, the first mate mentioned that there’s a little river running through the mangroves towards a little island that serves as a sanctuary for turtles. Rebecca recalls how “we jumped in our little 17’ dinghy, one of those rigid inflatable boats, and the mate took us on this tour through the mangroves and we came upon so many turtles, I lost count after 55.”<img src="https://photo-assets.superyachttimes.com/photo/395448/image/large-53940afe3e6bdc115b22c2595f1624a6.jpeg" data-gid="gid://syiq/Photo/395448">That specific tour ended in a little lagoon with a beautiful, white sand beach. “You’re seeing fish and birds and we spent the afternoon snorkelling. It was a perfect day on the water,” Rebecca shares. There is something really joyful about getting to share experiences with friends and loved ones, and sometimes it is these small moments, snippets of a trip, that become stand-out memories.The duo has worked hard to make their yacht feel not just like an adventure vessel they share with friends, but also to make her feel like a home. They’ve decorated the interior spaces with some of the art pieces they love, half a dozen of which have been commissioned specifically for the yacht including pieces by artist Bette Ridgeway. “Art makes a house a home,” Rick shares, “Bette’s paintings fit so perfectly and really add an extra charm, a bit of a newer feeling, to the 1997 yacht.”<img src="https://photo-assets.superyachttimes.com/photo/382947/image/large-79c7b6b37992a228c650d15b0abcc15e.jpg" data-gid="gid://syiq/Photo/382947">A shared passionBeing onboard superyachts didn’t always come naturally, for Rick nor for Rebecca. Rick shares how “both Rebecca and I are self-made; it was unusual to have someone care about me, ask me ‘can I help you?’ - things like that.” After ten years, the couple has gotten the hang of it, “we realised that, what these folks, the crew, do for a living, it’s because they share the same passion that we do.”“Our team, our crew, they want to get off the dock. They don’t want to get paid to sit at Old Port Cove in Palm Beach. They want to go somewhere,” shares Rick. “I really enjoy it when they take the fishing boat out and go diving or spear fishing with us.” Rebecca recalls how, a couple of weeks ago when cruising around the Bahamas, their engineer said ‘this is my happy place’. “When you bring in people and give them a memory, something to share, it shows not just the opportunity of where a vessel can take you, but also of the community out at sea.”<img src="https://photo-assets.superyachttimes.com/photo/382959/image/large-6174f809cc01abda573d02360838f0f3.jpg" data-gid="gid://syiq/Photo/382959">Why sell?“When we bought her five years ago, we didn’t have a home in Harbor Springs nor in Palm Beach, and in those places we have a few smaller boats, so really it came down to how much time we can use it to justify ownership and costs,” shares Rick. While selling <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a> is a question of logistics, the couple is focused on enjoying the yacht while still theirs.&nbsp;The hope is that someone will buy <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a> who is equally as impressed with the work done by the American shipyard and will care and share the yacht in the same way that Rick and Rebecca have done. The yacht is a labour of love and, when cared for, can embark on many, many more adventures.<img src="https://photo-assets.superyachttimes.com/photo/382142/image/large-33d07d628b6c8b865ff523abf68f14c6.jpg" data-gid="gid://syiq/Photo/382142">

ownership delta marina probability

The love, passion and purchase of the 122' Delta Marina Probability, currently for sale. 

Rick & Rebecca Szelc of 37m Probability: "It's always been about sharing our love for the sea"

With a loyal client base,&nbsp;<a data-gid="gid://syiq/Company/4045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crew Ã  la Mode (Company)">Crew à la Mode</a>&nbsp;has outfitted the crew of more than 800 superyachts. Leona Caanen sits down with Lottie Lyne, CEO and founder of&nbsp;<a data-gid="gid://syiq/Company/4045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crew Ã  la Mode (Company)">Crew à la Mode</a>&nbsp;to chat about the company’s course over the past 15 years and what her plans are for the near future.<img src="https://photo-assets.superyachttimes.com/photo/394656/image/large-9943be508c3b8ace840e465e2d14993d.jpg" data-gid="gid://syiq/Photo/394656">How did&nbsp;<a data-gid="gid://syiq/Company/4045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crew Ã  la Mode (Company)">Crew à la Mode</a>&nbsp;come about?I was a stewardess for a season, about 15 years ago, and I loved it, but when I needed to get my uniform, there was just nothing around. I had to wear really inappropriate things; these little mini shorts, a plain, old white t-shirt handed down from a previous stewardess. It felt misaligned serving guests from the fashion world in a basic t-shirt, but at the time there were no other options.When I left that, I thought, okay, there's a real need here; and I had the desire to do it. I started working with some old clients and it grew from there. It was really about trying to create something more modern to reflect the industry, because I was working with such elite people in these amazing environments, and what I was wearing was just not.How has the company evolved over the last 15 years?&nbsp;Fundamentally, we've always been a really creative-centred business, and I like to think that’s often why clients like to work with us as it is at the heart of what we do. We’ve evolved to offer more than just the uniform itself, we offer design and styling as well as providing creative solutions. It’s not just about the product we’re making, it’s about the entire package, but we did start off making our own production in the UK from small runs.Gradually, we’ve grown into having our own factories in Europe, and now worldwide. As we expand, we’ve continuously improved the quality of our production, which is an area I’m passionate about. We aim to ensure there is balance with a premium product at a fair price point so that our uniform is accessible for all clients and every size of vessel.<img src="https://photo-assets.superyachttimes.com/photo/394662/image/large-8d5002bd261d469ba3da0980258df44a.jpg" data-gid="gid://syiq/Photo/394662">15 years gives you a lot of experience, we’ve learned a lot, made a lot of mistakes, figured out what does and doesn’t work. Now we know all of those trap doors, all the things that didn’t work or fabrics which should work in theory, but don’t; or what a factory really means when they say we can meet your deadline! This insight allows us to be more honest when meeting client expectations.Lots of different people have contributed to where we are today, which I'm ever thankful for. Now we're bigger, we have more specialist roles: we have a garment technologist and talented designers, which enables growth, but fundamentally we still carry that same mentality that we’re a small brand who are passionate about delivering service excellence and feel accountable for our client’s projects. Our focus now is delivering those values to our clients on a larger scale.Delivering such a wide range of services isn’t always easy. We’re aware we could simplify business by only offering our ready-to-wear range and produce in higher volumes at lower prices - but that’s not where our passion lies. Our expertise drive lies in ensuring each client’s requirements are considered and translating their briefs into a full uniform concept.<img src="https://photo-assets.superyachttimes.com/photo/394654/image/large-92c269f0e510b6de9d20eb2e125f9e10.jpg" data-gid="gid://syiq/Photo/394654">Your approach is centred around transparency, what does this mean and how is this incorporated in your workflow?Transparency isn’t easy, and we don’t always get it right, either - our industry is notoriously difficult regarding transparency, but we aim to be and we’re improving year after year.It starts with looking at what a client is hoping to achieve and whether that is actually achievable. It’s challenging to say ‘no, you can’t have what you want within the budget you want’. It’s our job to be realistic about what is possible and that starts at the brief. We’re optimistic as a business, but we have to be realistic about whether you can deliver 50 uniforms with a personalised design in eight weeks, and sometimes the answer is no.It’s important for me to also be transparent and honest about when things haven’t gone right, because they never can 100 percent of the time. In our industry, it can feel like you’re swimming against the current, because information in a high pressure environment like ours is always challenging, and not everyone is well-equipped to receive that news. Yet if we receive fabric and it has a fault in it, then we have to say it’s faulty, we can’t use that. Or there is an issue with the courier, causing a delay, which isn’t always well-received.We are very communicative about where things are made and what fabrics we use; that whole supply chain is very clear. We’re very open about (potential) delays and timelines: when we say ‘yes, we can deliver that in a month’, then the client can trust that we really can.<img src="https://photo-assets.superyachttimes.com/photo/394661/image/large-120cf7582c49369cecdf00fba0ed3c39.jpg" data-gid="gid://syiq/Photo/394661">How do you ensure sustainability is a part of your production rather than an afterthought?Sustainability is part of the entire process, and it starts in the design stage. We make sure we are sustainable by ensuring the right products are picked, the right testing is done and the whole process is followed very carefully. The most unsustainable thing you can do is make the wrong choice, then, ultimately, a lot of wastage is created and there’s very little you can do with that.&nbsp;A product can be organic cotton, but if nobody likes wearing it or it doesn’t fit well, it won’t have longevity and will end up in the recycling landfill. The approach we take is to follow the entire production process really diligently and make sure everyone loves their uniform and that what we’re producing is 100 percent what the owner wants. Then we’re just doing top-ups and avoiding wastage - that’s our primary focus.&nbsp;When it comes to what we make, we source brands and have our trusted suppliers. We’re transparent with what we don’t supply, even if the order would be for thousands of items, we won’t accept it if it doesn’t meet our standards.&nbsp;Our production is predominantly in Europe and in low volumes, meaning we don’t have much wastage within each collection the way you do in lifestyle or fast fashion. For us it’s all about the longevity of a product onboard; lots of clients prefer organic cottons, but if you choose dark colours, they fade quickly and uniforms will have to be updated more frequently, in turn making it less sustainable.<img src="https://photo-assets.superyachttimes.com/photo/394653/image/large-08bd04899cab4b8fc6d969106a4b83c4.jpg" data-gid="gid://syiq/Photo/394653">What is your CREW Renew initiative?&nbsp;When you’re replacing a product or changing your style, there tends to be leftover product, especially in footwear. The whole concept behind CREW Renew is that we collaborate with our clients to repurpose the left over products. They can send us items, whether supplied by us or not with our REcycle, REpurpose, REpair or REwear offering to try which aims to reduce uniform waste. So whether the uniform is donated to charities, or repurposed into gifting items, we are extending the life-cycle of those garments and fabrics.The program ensures a sense of responsibility: if you’ve bought it, you’ve created the waste and you have to commit to do something with it.&nbsp;What are some key elements of designing crew-wear?&nbsp;When we’re designing, it’s a combination of technical gym wear for the movement and breathability, and something which is suitable for the luxury element of the yachting environment.&nbsp;We have a really great feedback loop, too. We have about three or four sample orders going out to clients every day, and we’re constantly collecting feedback, and we listen to it all: what fabrics are preferred, the ideal length, whether a pocket is in the right place. Part of our team are ex-stewardesses and they bring industry insight that is incredibly valuable in the design process. <img src="https://photo-assets.superyachttimes.com/photo/394660/image/large-7f3232b7392d0863690db46bc240bbde.jpg" data-gid="gid://syiq/Photo/394660">What makes&nbsp;<a data-gid="gid://syiq/Company/4045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crew Ã  la Mode (Company)">Crew À La Mode</a>&nbsp;unique?The big thing for me is that we are female led. When I started 15 years ago, nearly everything was male-led, as well as it being heavily supplier-based. <a data-gid="gid://syiq/Company/4045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crew Ã  la Mode (Company)">Crew à la Mode</a> is a future focussed creative agency - we have our own design team and that’s the starting point of every project.&nbsp;All-in-all, it’s not just about the brand, it’s about everything we offer as an agency; that everything we offer in terms of concept design, project management, sustainability, onboard experience and insight - the all-round package. It makes the business model more challenging, but it allows us to keep close to our fundamental values.&nbsp;What ambitions do you have for the coming years?In the immediate future we are setting up our Amsterdam showroom. It’s an important step for us, as we’ve always been based in London, which is slightly disconnected from the industry. Until now that has been great; we’ve focused on what we’re doing and relying on good word-of-mouth. The new showroom is a step forward, to provide a space where crew can come see everything we have on offer and organise their uniforms in one day. It’s exciting to showcase our entire collection in a different way than we’ve previously done, creating an inspiring space. The plan is to eventually expand with multiple showrooms globally in Europe, the US and Middle East.

Crew a la mode founder interview

Outfitting crew of over 800 superyachts, SuperYacht Times speaks to Crew à la Mode founder Lottie Lyne

Crew à la Mode: "It can feel like you're swimming against the current"

<a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen Yachts</a> has unveiled the first details about the new 72.3-metre steel superyacht <a data-gid="gid://syiq/Yacht/16896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ananda72.3m (237'2&quot;)Heesen Yachts2030">Project Ananda</a>. With keel laying due to take place in November 2026, <a data-gid="gid://syiq/Yacht/16896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ananda72.3m (237'2&quot;)Heesen Yachts2030">Project Ananda</a> represents the largest steel <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> yacht to date. <img src="https://photo-assets.superyachttimes.com/photo/395428/image/large-f158c2fcd8d4f7d456e286c1a8ceadb5.jpg" data-gid="gid://syiq/Photo/395428">Built on speculation as a Smart Custom platform, <a data-gid="gid://syiq/Yacht/16896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ananda72.3m (237'2&quot;)Heesen Yachts2030">Project Ananda</a> offers extensive personalisation options. Her interior design has been crafted in-house by her builder <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen Yachts</a>, in collaboration with <a data-gid="gid://syiq/Company/926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sinot Yacht Architecture & Design (Company)">Sinot Yacht Architecture &amp; Design</a>, which are also responsible for her exterior design. <img src="https://photo-assets.superyachttimes.com/photo/395434/image/large-8f83d86aa528b04e1dc5c58150202475.jpg" data-gid="gid://syiq/Photo/395434">According to <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen Yachts</a>, <a data-gid="gid://syiq/Yacht/16896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ananda72.3m (237'2&quot;)Heesen Yachts2030">Project Ananda</a> reflects a highly client-focused approach to yacht building, with her name translating from Sanskrit to mean ‘inner joy’. <a data-gid="gid://syiq/Yacht/16896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ananda72.3m (237'2&quot;)Heesen Yachts2030">Project Ananda</a> is characterised by a sleek silhouette, thanks to her ultra-efficient steel hull. <img src="https://photo-assets.superyachttimes.com/photo/395442/image/large-63d1a2b57d38ce122e6508237b14af90.jpg" data-gid="gid://syiq/Photo/395442">Designed with guest amenities in mind, a midship shell door opens onto a docking platform, leading to a central glass elevator and allowing for easy guest arrival and access. “This arrangement transforms a functional operational feature into a ceremonial arrival experience, allowing guests to bypass social areas and access their quarters with complete privacy” explained <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/395436/image/large-4430b723ab70ce77c290ab5e8c4210f7.jpg" data-gid="gid://syiq/Photo/395436">Spanning five decks, <a data-gid="gid://syiq/Yacht/16896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ananda72.3m (237'2&quot;)Heesen Yachts2030">Project Ananda</a> prioritises fluid movement and layered privacy, creating &nbsp;highly adaptable options for owners to choose from. Her two configurable owner’s deck arrangements allow the owner to select between a forward-facing private deck, or an aft-focused deck experience.<img src="https://photo-assets.superyachttimes.com/photo/395435/image/large-9189a56c9c17745756b7c812391739bd.jpg" data-gid="gid://syiq/Photo/395435">Conceived as an apartment-like environment, the master suite on the foredeck features a private office and extensive panoramic views. A second master suite which mirrors the first can be found on the bridge deck, removing traditional hierarchies while offering flexibility for charter operations or multi-generational family use.<img src="https://photo-assets.superyachttimes.com/photo/395437/image/large-864a8f7290ce4645b23d4bda860a984d.jpg" data-gid="gid://syiq/Photo/395437">Key features onboard <a data-gid="gid://syiq/Yacht/16896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ananda72.3m (237'2&quot;)Heesen Yachts2030">Project Ananda</a> include a travertine limestone swimming pool area, which connects directly to a Teppanyaki-style bar within the main saloon. Heesen has also selected travertine flooring instead of teak decking, which extends from the outdoor pool area into the fully openable indoor lounge.<img src="https://photo-assets.superyachttimes.com/photo/395438/image/large-b1a44dac4c880a232845697dc85ed7c1.jpg" data-gid="gid://syiq/Photo/395438">As well as this, the deck space is entirely flush and free from visible mooring equipment and can be easily transformed into an entertainment and party deck. <a data-gid="gid://syiq/Yacht/16896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ananda72.3m (237'2&quot;)Heesen Yachts2030">Project Ananda</a> is also equipped with a midship spa and beach club, which spans approximately 100 square-metres.<img src="https://photo-assets.superyachttimes.com/photo/395433/image/large-305211bd6c216a1f4cfe7fbbc83a3a2f.jpg" data-gid="gid://syiq/Photo/395433">Developed in collaboration with <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>’s Human Health Engineering department, the wellness suite includes a sauna, steam room, ice bath, snow shower, hyperbaric chamber, massage and medical treatment room and a bar.<img src="https://photo-assets.superyachttimes.com/photo/395432/image/large-bc317f7f196290585e66a4933c9e3156.jpg" data-gid="gid://syiq/Photo/395432"><img src="https://photo-assets.superyachttimes.com/photo/395431/image/large-f3df31ba2f5793a1251f416d050a2242.jpg" data-gid="gid://syiq/Photo/395431">In terms of performance, <a data-gid="gid://syiq/Yacht/16896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ananda72.3m (237'2&quot;)Heesen Yachts2030">Project Ananda</a> is powered by a hybrid propulsion system which incorporates twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines and PTI/PTO gearboxes, delivering a range of 5,000 nautical miles at 12 knots and a maximum speed of 16 knots.<img src="https://photo-assets.superyachttimes.com/photo/395429/image/large-0069345ff675646c1b47ee183fb3aa7d.jpg" data-gid="gid://syiq/Photo/395429">Design, naval architecture and tank testing phases have already been completed with her resistance, trim, heave and wave response already validated at the University of Southampton’s Wolfson Unit.<a data-gid="gid://syiq/Yacht/16896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ananda72.3m (237'2&quot;)Heesen Yachts2030">Project Ananda</a> has an expected launch and delivery date of 2030.<img src="https://photo-assets.superyachttimes.com/photo/395430/image/large-21bbbc3e2096a4c2ff935dc5001bb08c.jpg" data-gid="gid://syiq/Photo/395430">

Project Ananda: 72m Heesen steel flagship yacht unveiled

Heesen Yachts has unveiled the first details about the new 72.3-metre flagship steel superyacht Project Ananda.

Heesen unveils 72m hybrid steel flagship yacht Project Ananda

With the launch of <a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a> on Apple TV, Francesca Webster speaks with Daniel van Dongen, Managing Director of YachtEye, and members of the YachtEye team about guest experience, onboard technology and how technology improves the lives onboard for guests and crew.<img src="https://photo-assets.superyachttimes.com/photo/395397/image/large-c20bcce15417339af8c582a7c69f4dc6.png" data-gid="gid://syiq/Photo/395397"><a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a>&nbsp;has now launched on Apple TV, congratulations! Why is this such an important step?Daniel van Dongen: For us, this is a major milestone, it certainly is not just another app. It changes where and how guests interact with yacht and trip-related content.The television is still one of the most important screens onboard. It is in the main saloon, the guest cabins, the owner’s suite and even the outdoor areas. We already had the <a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a> iPad and iPhone applications, which work very well for personal use. But Apple TV brings <a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a> to the shared screen in a way that feels natural, familiar and easy.Guests can sit down, open <a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a> and immediately see the itinerary, weather, menus, yacht information, crew profiles, tenders, water toys, bridge data and nearby yachts. It makes the experience more visual and more accessible.<img src="https://photo-assets.superyachttimes.com/photo/395395/image/large-03b8ef4ef6b649b676e9ff84f28a4da2.png" data-gid="gid://syiq/Photo/395395">So this is not just about putting the same product on a bigger screen?Ettore Mihaili, Lead Software Engineer: Not at all. Apple TV is not simply about showing the same content on a bigger screen. It creates a different kind of interaction.The TV is often the most visible screen onboard, so it gives guests a very natural way to explore the itinerary, the yacht, the surroundings and everything available to them. For us as a product team, this launch also unlocks a lot of potential. There are several new functionalities we are already working on that become much more powerful now that <a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a> is available on Apple TV.<iframe width="640" height="360" src="https://player.vimeo.com/video/1197279812?fl=pl&amp;fe=sh" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> What problem are you really solving for yachts?Daniel:&nbsp;A lot of guest questions onboard are completely understandable, but also repetitive. What time are we leaving? What is the plan today? What is for dinner? Where are we? Which yacht is anchored next to us? Where is the crew from? What water toys do we have?Crew are there to create an amazing experience, not to answer the same basic questions over and over again. <a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a> helps by making that information easy to find and beautiful to look at.&nbsp;It is not about replacing personal service. It is about supporting it.From a development point of view, what was important when building the Apple TV app?Irmin Dzevlan, tvOS Developer: The biggest thing was making it feel native to Apple TV. You cannot just take an iPad interface and put it on a television. The interaction is different, the pace is different and the screen is viewed differently.We focused on making the experience clear, smooth and visually strong. Guests should not feel like they are navigating software. The app should feel effortless: open it, browse, understand where you are, and enjoy the content.The details matter a lot. How the menu moves, how quickly information loads, how readable everything is from across the room. Those things define whether it feels premium or not.<a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a>&nbsp;is already used on more than 100 yachts. How do you keep the product personal for each vessel? Daniel: Every yacht has its own way of working. Our role is to help the crew make <a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a> useful for their yacht in the most natural way possible. The platform should not become extra work. It should make things easier. We help and advice the crew to go digital where updates are instant, often even automatically, and where printing becomes old school.&nbsp;That starts with proper onboarding, clear content setup, crew training and regular contact with the team onboard. When <a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a> is set up well, guests understand it immediately and crew know how to keep it fresh.<img src="https://photo-assets.superyachttimes.com/photo/395396/image/large-191ee5bf3fa95fb954e178b7679240fb.png" data-gid="gid://syiq/Photo/395396">What kind of content do guests usually engage with most?Daniel: Guests love knowing what is happening and where they are going, so itinerary information and the daily schedule are certainly crucial for most yachts.The Yacht Radar, showing nearby yachts with interior and exterior images as well ad detailed information, is another feature people enjoy because it makes the anchorage come alive.&nbsp;And crew profiles are great because they make the experience more personal. Guests often want to know who is looking after them.The point is not to overwhelm guests with information. The point is to bring together the information they actually care about, in a way that is easy to explore.Where do you see onboard guest technology going?Daniel: I think the best yacht technology will become less visible as “technology”. It should just work. It should feel natural. Guests should not need instructions.People are used to very polished digital experiences in their normal life. When they step onboard a superyacht, expectations are even higher. But the solution is not to make things complicated. It is to make the right things simple.That is what we are trying to do with <a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a>. Give guests access to the yacht, the trip and the experience around them, without making them ask, search or wait.And finally, what does this launch mean for&nbsp;<a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a>?Daniel:&nbsp;It is a big moment for us. <a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a> has been around for years and is already trusted by 100+ yachts, but we are now entering a new phase.The Apple TV app makes the product more complete. <a data-gid="gid://syiq/Company/7736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtEye (Company)">YachtEye</a> is now available across the screens guests use most: Apple TV, iPad and iPhone. That creates a much stronger onboard experience.It’s an important milestone, but we’re already working on the next steps. So yes, let’s keep in touch. I think we’ll have more to talk about very soon.

YachtEye Apple TV launch

YachtEye has now launched on Apple TV, SYT finds out more.

YachtEye launches on Apple TV

Measuring in at 59.4-metres and exhibiting an unmistakable red hull, the 59.4-metre <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> superyacht <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> has been making global headlines as she travels across the world. Built for an experienced owner with passion for travel, exploration and art, the custom-built yacht is the first collaboration between <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> and <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a> and offers a deeply personal interior design. <img src="https://photo-assets.superyachttimes.com/photo/395227/image/large-0dc2cb5185f15c684a05687e04968cad.jpg" data-gid="gid://syiq/Photo/395227">SuperYacht Times takes a closer look onboard <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> with Founder Francesca Muzio, and Managing Partner Luca Boldrini of <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a> to discover how a design brief centred on connection and authenticity came to life. <img src="https://photo-assets.superyachttimes.com/photo/366872/image/large-c4955657a397331f622230da80ea681f.jpg" data-gid="gid://syiq/Photo/366872">“<a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> has this very robust, powerful exterior, but the moment you enter, it softens,” explained Francesca Muzio. “There’s a beautiful contrast, the strength of an explorer with the soul of a home.” <img src="https://photo-assets.superyachttimes.com/photo/395266/image/large-ec1d4f61cc32242947e899829f6b6d54.jpg" data-gid="gid://syiq/Photo/395266"><img src="https://photo-assets.superyachttimes.com/photo/395265/image/large-520e34c6e6cee5986737691cb546d418.jpg" data-gid="gid://syiq/Photo/395265">The owner of <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> has a passion for diving and sustainability, two features which are evident from the moment you step onboard. The main saloon is framed by structural columns clad in recycled nautical sailcloth, while her dining area features a sculptural table with a gear-shaped metal base and a wood top inlaid with pressed tobacco leaves. Surrounding chairs in curved wood are detailed with bronzed accents and ivory hammered leather, creating a design that defines the yacht’s onboard character. <img src="https://photo-assets.superyachttimes.com/photo/395274/image/large-07e95344530c0eee52e87e2688e66a4b.jpg" data-gid="gid://syiq/Photo/395274"><img src="https://photo-assets.superyachttimes.com/photo/395268/image/large-f299ae95b83285b23c4618adf9b45a9e.jpg" data-gid="gid://syiq/Photo/395268">At the centre of the space, two custom boomerang-shaped sofas in white chenille and dove-grey leather divide the lounge from the dining area. Functional elements are built into the space, with leather pockets and hidden storage beneath the cushions and a silk and wool rug below to mimic the branching forms of a river delta.<img src="https://photo-assets.superyachttimes.com/photo/395269/image/large-33097a9ca9e6c34c4cc32279d71d40ee.jpg" data-gid="gid://syiq/Photo/395269"><img src="https://photo-assets.superyachttimes.com/photo/395241/image/large-4284b0e1b10280faac39b4b151cfb27c.jpg" data-gid="gid://syiq/Photo/395241">“It was important to us that every material told a story,” added Luca Boldrini. “Nothing is purely decorative. Each texture, each finish, carries a connection to nature, travel or craftsmanship, ideas that are fundamental to <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a>’s spirit.” <img src="https://photo-assets.superyachttimes.com/photo/365043/image/large-31c7c7e917927e2c82afaf1e3d590134.jpg" data-gid="gid://syiq/Photo/365043">The owner’s suite of <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> includes a private office. Dubbed the “madame office”, it’s a celebration of colour and individuality. Aviation blue features prominently across her &nbsp;leather desk accessories, the raffia wallpaper-lined bookcases and the detailing on the bespoke desk chair. The desk itself has been built from natural oak with hammered bronze detailing and hand-decorated bases. <img src="https://photo-assets.superyachttimes.com/photo/395253/image/large-bb140479538c8a4506bae73017d24d93.jpg" data-gid="gid://syiq/Photo/395253"><img src="https://photo-assets.superyachttimes.com/photo/395254/image/large-5e793d7ef69f3518e71bbf21af8bf775.jpg" data-gid="gid://syiq/Photo/395254">The space is framed by decorative panels embroidered with three-dimensional orchids, while the carpet below mimics the foam of waves crashing against the shore. “This room isn’t just about work,” said Muzio. “It’s a sanctuary that is elegant, feminine and energising.”<img src="https://photo-assets.superyachttimes.com/photo/395245/image/large-284ab752d07f0ad0aedb80dc91cdfcca.jpg" data-gid="gid://syiq/Photo/395245"><img src="https://photo-assets.superyachttimes.com/photo/395243/image/large-f86c36352a28f0139a957f94c6f0d1c3.jpg" data-gid="gid://syiq/Photo/395243"><img src="https://photo-assets.superyachttimes.com/photo/395247/image/large-b01f9c97658c14ef17097059b8255de7.jpg" data-gid="gid://syiq/Photo/395247">Further guest areas onboard <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> reflect the same attention to comfort and flexibility. One twin guest stateroom features a smart sliding bed system, allowing it to convert into a double room when required. Both beds are fully integrated into the interior architecture, with upholstered headboards and matching bedside tables.<img src="https://photo-assets.superyachttimes.com/photo/395286/image/large-dd88e00906e3d7dc5f5879418c1db72c.jpg" data-gid="gid://syiq/Photo/395286"><img src="https://photo-assets.superyachttimes.com/photo/395281/image/large-72fc08138f6fded2245fdd6e8d821c7b.jpg" data-gid="gid://syiq/Photo/395281"> <img src="https://photo-assets.superyachttimes.com/photo/395270/image/large-8bd1fa3fbdf82252566d09841b782a68.jpg" data-gid="gid://syiq/Photo/395270">Materials again take centre stage, with wallpapered ceilings, leather accents and roman blinds made from raffia interwoven with metallic threads, which catch the sunlight during the day. The custom-designed carpet, made from wool and botanical silk, continues the theme of nature-inspired texture.<img src="https://photo-assets.superyachttimes.com/photo/395255/image/large-c01523280fe4b28a5db6c425c8580ede.jpg" data-gid="gid://syiq/Photo/395255"><img src="https://photo-assets.superyachttimes.com/photo/395256/image/large-fbdd6477754a5f740cacecd1a01dc54b.jpg" data-gid="gid://syiq/Photo/395256"><img src="https://photo-assets.superyachttimes.com/photo/395273/image/large-8f0a1e7f851f1eee23463a9f44c9f0fd.jpg" data-gid="gid://syiq/Photo/395273">Even the guest bathrooms have their own storyline. Here, Francesca Muzio has embraced the romance of travel with a design inspired by vintage steamer trunks, complete with &nbsp;bronze hardware, leather handles and cabinetry in warm oak and dark European maple. The washbasins are finished in Imperial Beige marble, further enhancing the refined yet &nbsp;tactile atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/395298/image/large-c4367103fda7023f8b0c6d1f6e5f9451.jpg" data-gid="gid://syiq/Photo/395298"><img src="https://photo-assets.superyachttimes.com/photo/395264/image/large-766f12a14112b6d835f5c5a8cef4c5e5.jpg" data-gid="gid://syiq/Photo/395264"><img src="https://photo-assets.superyachttimes.com/photo/395280/image/large-a5c5a8bf1fa763df6378a380e7f2b4f3.jpg" data-gid="gid://syiq/Photo/395280">Beneath her refined interiors, <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> remains a highly capable expedition yacht. With hybrid propulsion, a large Limo Tender and dive/exploration tender housed in an aft garage and with a transoceanic range of over 8,000 nautical miles, she’s fully equipped for long-range adventure. On deck, guests can enjoy a full teppanyaki bar and a spa pool on the sundeck, &nbsp;while a generous beach club connects them directly to the water. <img src="https://photo-assets.superyachttimes.com/photo/395276/image/large-32d1ccd66402dc067c5800e52a820bad.jpg" data-gid="gid://syiq/Photo/395276"><img src="https://photo-assets.superyachttimes.com/photo/395235/image/large-e7cd60bd765d93c89ab3737d38e3e61c.jpg" data-gid="gid://syiq/Photo/395235">“<a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> is not defined by ruggedness alone. She’s a yacht of contrasts,” concluded Muzio. “Strong but soft. Minimalist in some areas, but rich in storytelling. That’s what makes her unique.”<img src="https://photo-assets.superyachttimes.com/photo/395226/image/large-9fbabb99671bacdbc610d85ca73838ca.jpg" data-gid="gid://syiq/Photo/395226">According to AIS, <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> is currently at the Flamenco Marina in Panama. She is currently for sale with David Legrand of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/395299/image/large-5e347a3965df2fbe4b112e4051d17400.jpg" data-gid="gid://syiq/Photo/395299">

Akula: Onboard the 59m Rossinavi yacht Akula

We take a look onboard the 59m Rossinavi yacht Akula with her interior designers FM Architettura.

Onboard the 59m Rossinavi yacht Akula with her designers FM Architettura 

<a data-gid="gid://syiq/Company/8873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Strategic Marine (Company)">Strategic Marine</a> has unveiled a new 42-metre yacht support vessel concept, marking the Singapore-based shipbuilder's entry into the luxury yachting sector.Developed in collaboration with <a data-gid="gid://syiq/Company/8874" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAG Subsea Pte Ltd (Company)">MAG Subsea</a> and Australian naval architecture studio <a data-gid="gid://syiq/Company/8875" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southerly Designs (Company)">Southerly Designs</a>, the new platform has been conceived to extend the range, capability, and safety of superyacht expeditions worldwide.<img src="https://photo-assets.superyachttimes.com/photo/395402/image/large-98d7782d86a62c2454c4fbb5e5ecb5cd.jpg" data-gid="gid://syiq/Photo/395402">Also known as a shadow vessel or chase boat, a yacht support vessel is designed to travel alongside a mothership, providing storage and operational support, alongside other essential services. These vessels effectively extended the reach and capabilities of superyacht operations by serving as floating bases for helicopters, submarines, tenders, water toys and additional crew.According to <a data-gid="gid://syiq/Company/8873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Strategic Marine (Company)">Strategic Marine</a>, the vessel is aimed at a new generation of owners who prioritise experiential travel, social and environmental responsibility, and adventure rather than traditional displays of wealth.Measuring 42-metres in length overall, the yacht support vessel offers more than 140-square-metres of deck area, alongside crane and lift capabilities.A key aspect of the design is her adaptable platform. The owners and captains can expect a flexible platform that can accommodate a wide range of equipment and operational needs, including emergency responses which expands her role beyond conventional yacht support operations.Reinforcing her versatility, the support vessel can also be configured with gyro stabilisation systems for comfort and efficiency, alongside hybrid propulsion solutions tailored to owner and mission requirements. Additional specifications, including speed, beam and draft, remain customisable according to client requirements.“This vessel represents a natural evolution of <a data-gid="gid://syiq/Company/8873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Strategic Marine (Company)">Strategic Marine</a>’s expertise in advanced aluminium vessel construction,” commented Chan Eng Yew, CEO of <a data-gid="gid://syiq/Company/8873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Strategic Marine (Company)">Strategic Marine</a>. “As the superyacht sector continues to grow, we recognised a clear opportunity to deliver a support vessel purpose-built for the pleasure craft market – one that meets the quality our clients have come to expect from us, with the reliability and performance our vessels are known for.”<img src="https://photo-assets.superyachttimes.com/photo/395401/image/large-865a52c8ebd228ff9bf16c70468eaf81.jpg" data-gid="gid://syiq/Photo/395401">Andrew Taylor, Managing Director of <a data-gid="gid://syiq/Company/8875" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southerly Designs (Company)">Southerly Designs</a>, added: “Our focus was to create a vessel that is both highly capable and visually distinctive. This collaboration has enabled us to push design boundaries while maintaining the practicality required of a modern yacht support vessel.”<a data-gid="gid://syiq/Company/8873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Strategic Marine (Company)">Strategic Marine</a> is recognised for its construction of high-performance aluminium vessels, while <a data-gid="gid://syiq/Company/8874" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAG Subsea Pte Ltd (Company)">MAG Subsea</a> provides yacht management, custom yacht design and maritime services throughout the Asia-Pacific region. <a data-gid="gid://syiq/Company/8875" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southerly Designs (Company)">Southerly Designs</a> contributes many years of naval architecture experience, with more than 650 commercial and specialist vessels currently operating around the world.The 42-metre yacht support vessel is currently available for order, with <a data-gid="gid://syiq/Company/8873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Strategic Marine (Company)">Strategic Marine</a> targeting owners seeking a capable expedition support platform for global cruising programmes.

 Strategic Marine 42m yacht support vessel concept

A 42m yacht support vessel concept was unveiled by Strategic Marine, MAG Subsea, Southerly Designs. 

Strategic Marine unveils 42m yacht support vessel concept

As demand for larger, more efficient and environmentally conscious yachts continues to accelerate, catamaran specialist <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef Yachts</a> has positioned itself at the centre of the sector’s evolution. From the development of its new ULTIMA range to advancing solar-powered and near-zero-emission cruising technologies, the Polish shipyard is reshaping expectations of what a luxury multihull can deliver. <img src="https://photo-assets.superyachttimes.com/photo/393756/image/large-4ec8dde4d4c215d0156df3e50b608098.jpg" data-gid="gid://syiq/Photo/393756">Speaking about the future of catamaran superyachts, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> co-founder and CTO Nicolas Lapp outlined how changing owner priorities are influencing everything from propulsion systems and onboard comfort to material selection and artificial intelligence-driven sailing technologies.<img src="https://photo-assets.superyachttimes.com/photo/394038/image/large-de1683fdbf2981d69e7999ae8abad7d2.jpg" data-gid="gid://syiq/Photo/394038">A new direction for performance catamaransAccording to Lapp, the ULTIMA range was born directly from client demand for greater speed and a more engaging cruising experience, while retaining the spaciousness and comfort associated with multihulls.“The ULTIMA range is really a response to what our clients were asking for,” explained Lapp. “They love the comfort and space of our catamarans, but many wanted more performance, more speed and a more dynamic experience underway.”“With ULTIMA, the goal was to combine the best of both worlds: the liveability of a catamaran with the performance closer to a monohull.” To achieve this, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> developed a sleeker hull architecture combined with carefully optimised propulsion systems designed to improve both efficiency and speed. The first ULTIMA 88 is capable of reaching 26 knots, with additional engine configurations planned for future models.<img src="https://photo-assets.superyachttimes.com/photo/394028/image/large-7971dab87ae7b5ead04551be001adcea.jpg" data-gid="gid://syiq/Photo/394028">“The first ULTIMA 88 reaches 26 knots, but soon you will also see new engine configurations that will allow for even higher performance depending on owner preferences,” he added.Balancing speed, efficiency and comfort, however, presented a significant engineering challenge for the shipyard. “The platform is quite different from classic Sunreef catamarans, so it required a fresh approach on multiple levels,” said Lapp.One of the most notable developments was the introduction of stabilisation systems for the first time within the range. “For the first time, we introduced stabilisers,” he explained. “With this new architecture, it became essential to ensure the same level of onboard comfort our clients expect. Selecting the right system was a challenge in itself, but we found a stabilisation solution that fits the ULTIMA 88 perfectly and performs exceptionally well.”<img src="https://photo-assets.superyachttimes.com/photo/243904/image/large-7cd5c4f3256f9a5d0cbf4de4230e2297.jpg" data-gid="gid://syiq/Photo/243904">The growing appeal of catamaran superyachtsLapp believes the wider superyacht market is increasingly recognising the inherent advantages of multihull platforms, particularly as owner priorities shift toward efficiency, practicality and understated luxury. “Catamaran superyachts are currently one of the strongest and most exciting trends in the market,” he noted. “From the very beginning <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> has focused on combining superyacht quality with the catamaran platform.”<img src="https://photo-assets.superyachttimes.com/photo/394065/image/large-66926bacf337b76a2728b4cd517b6ddc.jpg" data-gid="gid://syiq/Photo/394065">Projects such as the 100 Sunreef Power, Sunreef 37M Eco and the 43M Eco illustrate how these changing expectations are influencing both technical development and interior design philosophy. “In terms of interiors, there’s a strong shift toward more spacious, calming environments – soft colors, a more ‘zen’ atmosphere,” Lapp said. “It’s less about ostentation and more about understated, refined luxury.”<img src="https://photo-assets.superyachttimes.com/photo/217059/image/large-12e630eaaf8f68845b8e70c05748ce14.jpg" data-gid="gid://syiq/Photo/217059">At the same time, owners are becoming increasingly conscious of operational efficiency and environmental impact. “Energy efficiency and sustainability have become key considerations,” he explained. “Owners are increasingly aware of how their yachts operate and are looking for smarter, more responsible solutions.”Lapp also highlighted the practical benefits catamarans offer over traditional monohulls, particularly in terms of volume and energy efficiency. “The most obvious advantage is space,” he said. “The wider beam allows for much larger, open living areas, both inside and outside. This width also gives us a more usable surface for solar integration, which directly supports our energy strategy.” In addition to larger onboard spaces, catamarans benefit from shallower drafts and more efficient hull dynamics. “They require less energy to move through the water,” Lapp explained. “The engineering approach is different, but the payoff is significant: more volume and better efficiency.”<img src="https://photo-assets.superyachttimes.com/photo/394067/image/large-b3f59a3e81cf59aa0c1c3c8d55e674d0.jpg" data-gid="gid://syiq/Photo/394067">Advancing eco-conscious yachtingEnvironmental innovation remains central to <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a>’s long-term strategy, with the shipyard continuing to expand its portfolio of electric and hybrid-powered yachts.“We take a 360-degree approach to eco-conscious yachting,” said Lapp. “It’s not about a single technology, but how different systems work together.” Among the most impactful developments are the integration of solar panels, advanced battery systems and energy-efficient air conditioning technologies, all aimed at significantly reducing generator dependency. “This allows yachts to significantly reduce generator use,” he noted.On sailing catamarans, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> is also incorporating hydroregeneration systems capable of producing electricity from the movement of the propellers under sail. “With the right setup and navigation profile, this combination can bring the yacht very close to zero-emission operation in real conditions,” Lapp explained.&nbsp;Solar integration itself has become a defining element of the shipyard’s design philosophy. “What makes our solution different is that the panels are not just added on – they’re fully integrated into the yacht’s structure,” he said. “The hull sides, superstructure, bimini, even masts in some cases.”By maximising available surface area for energy generation, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> is able to reduce reliance on conventional onboard power systems. “Instead of relying on generators, we can cover up to 100% of the hotel load directly from solar energy,” Lapp revealed. “When it comes to cruising, with the right navigation profile, like island hopping and smart energy management, it’s possible to navigate using close to zero fuel.”<img src="https://photo-assets.superyachttimes.com/photo/394066/image/large-d45fd0d452c5f5b4772f16932191e6e6.jpg" data-gid="gid://syiq/Photo/394066">Materials, automation and the future of multihullsAlongside propulsion and energy systems, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> is also investing heavily in advanced materials aimed at improving both performance and sustainability. “For example, we use recycled PET foam made from plastic bottles,” said Lapp. “Beyond being sustainable, it helps reduce weight, which improves overall yacht efficiency and performance.”The shipyard is additionally replacing traditional plywood structures in certain areas with lighter PET-based alternatives, while exploring natural composite materials such as flax fibre. “We’re also introducing materials like flax fiber, which offer similar properties to composites but come from natural, low-impact sources,” he added.Looking ahead, Lapp believes artificial intelligence and automation will play a defining role in the future of large sailing catamarans. “One of the most exciting directions for large multihull yachts is definitely the evolution of sailing itself,” he said.<a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> is currently developing systems intended to simplify and automate sailing operations through AI-assisted sail handling, route optimisation and energy management. “The idea is to make full use of AI, not just for sail handling, but also for route optimisation and overall energy efficiency,” Lapp explained. “It’s about making advanced sailing performance more accessible and easier to manage, even on larger yachts.” While details remain limited, he hinted that the shipyard will soon unveil further developments in this area.<img src="https://photo-assets.superyachttimes.com/photo/394068/image/large-e6bcad2d3b553cec0747d92e382674c2.jpg" data-gid="gid://syiq/Photo/394068">Scaling sustainability for the superyacht sectorAs larger eco-focused multihulls enter production, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> continues to adapt technologies already proven on smaller platforms for use aboard superyachts. “<a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> is today the most active shipyard when it comes to implementing electric and eco solutions across the entire range, from mid-size yachts to superyachts,” said Lapp.Projects currently under construction, including the <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> 100 Eco and 43M Eco, represent what the shipyard sees as the next stage in sustainable yachting. “In many ways, scaling these solutions is a natural step for us,” he explained. “We’re building on technologies that are already tested and proven, and adapting them for larger platforms through a dedicated superyacht team.”Ultimately, Lapp believes the perception of superyachts themselves is beginning to change. “They don’t have to be associated with high emissions,” he concluded. “They can just as well stand for energy efficiency and responsible innovation.”

Sunreef Nicolas Lapp interview

Sunreef co-founder and CTO Nicolas Lapp outlined how changing owner priorities are influencing everything from propulsion systems and beyond.

Sunreef’s Nicolas Lapp on redefining luxury catamaran performance and sustainability

The 35.2-metre <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Swan</a> 115 yacht <a data-gid="gid://syiq/Yacht/5553" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moat35.2m (115'6&quot;)Nautor Swan2016">Moat</a> and the 31.24-metre <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> 96 yacht <a data-gid="gid://syiq/Yacht/12060" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liberty31.24m (102'6&quot;)Southern Wind2024">Liberty</a> emerged as the overall class winners at the 2026 <a data-gid="gid://syiq/Event/355" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Giorgio Armani Superyacht Regatta - 2026">Giorgio Armani Superyacht Regatta</a> in Porto Cervo, earning their places on the event's prestigious Silver Jubilee Cup.<img src="https://photo-assets.superyachttimes.com/photo/395390/image/large-1b9e1e6537c0245b4c595edc22c4e824.jpg" data-gid="gid://syiq/Photo/395390">Organised by the <a data-gid="gid://syiq/Company/2826" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club Costa Smeralda (Company)">Yacht Club Costa Smeralda</a> (YCCS) with title sponsor Giorgio Armani, the regatta welcomed 17 superyachts for four days of racing in the waters off Sardinia. The final day saw competitors tackle a 16.4-nautical-mile course through the La Maddalena channel in north-easterly winds ranging from seven to 12 knots.Read: <a data-gid="gid://syiq/Article/66177" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachts attending the Giorgio Armani Superyacht Regatta 2026 (2026-05-26 17:30:00 +0200)">Yachts attending the Giorgio Armani Superyacht Regatta 2026</a>In the Blue Class, <a data-gid="gid://syiq/Yacht/5553" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moat35.2m (115'6&quot;)Nautor Swan2016">Moat</a> secured her third consecutive <a data-gid="gid://syiq/Event/355" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Giorgio Armani Superyacht Regatta - 2026">Giorgio Armani Superyacht Regatta</a> title. Owned by Juan Ball and racing with Cole Parada as tactician, the Swan 115 once again proved dominant throughout the series. The <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> 108 <a data-gid="gid://syiq/Yacht/11831" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gelliceaux35.51m (116'6&quot;)Southern Wind2023">Gelliceaux</a> finished second overall on 14 points, ahead of the <a data-gid="gid://syiq/Company/53" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Briand Yacht Design (Company)">Briand</a> 108 <a data-gid="gid://syiq/Yacht/4020" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inoui33.4m (109'7&quot;)Vitters Shipyard2013">Inoui</a> in third. The 39-metre <a data-gid="gid://syiq/Company/167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tripp Design Naval Architects (Company)">Tripp</a>-designed <a data-gid="gid://syiq/Yacht/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cervo39.0m (127'11&quot;)Vitters Shipyard2009">Cervo</a>, competing in the event for the first time, placed fourth.Commenting on the victory, Ball credited the result to the team's continuous efforts to refine the yacht throughout the year and praised the spirit of the regatta and its unique setting in Porto Cervo.<img src="https://photo-assets.superyachttimes.com/photo/395388/image/large-da55be4e78874035e8aa845a59dc0893.jpg" data-gid="gid://syiq/Photo/395388">Meanwhile, in the White Class, <a data-gid="gid://syiq/Yacht/12060" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liberty31.24m (102'6&quot;)Southern Wind2024">Liberty</a> solidified her lead with another race win on the final day. The Southern Wind 96, racing with Bouwe Bekking on tactics, finished ahead of <a data-gid="gid://syiq/Yacht/2284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nostromo30.1m (98'9&quot;)Pendennis Shipyard Ltd2009">Nostromo</a> in second and <a data-gid="gid://syiq/Yacht/10474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SØRVIND34.59m (113'6&quot;)Southern Wind2022">Sørvind</a> by Giorgio Armani in third.The yacht's owner, Carlo Pirzio Biroli, described the event as a fantastic week of racing, highlighting the close competition on the water and the race committee's management of the fleet across all four race days.Additional honours were awarded during the event. The <a data-gid="gid://syiq/Company/577" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubois Yachts (Company)">Dubois</a> 100 <a data-gid="gid://syiq/Yacht/2284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nostromo30.1m (98'9&quot;)Pendennis Shipyard Ltd2009">Nostromo</a> claimed victory in the Corinthian Division, ahead of <a data-gid="gid://syiq/Yacht/10474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SØRVIND34.59m (113'6&quot;)Southern Wind2022">Sørvind</a> by <a data-gid="gid://syiq/Company/558" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Armani/Casa (Company)">Giorgio Armani</a> and <a data-gid="gid://syiq/Yacht/6569" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Magic Blue28.64m (93'12&quot;)Southern Wind2010">Magic Blue</a>.<img src="https://photo-assets.superyachttimes.com/photo/395389/image/large-141d0deb5458162601fb688a8a56fe72.jpg" data-gid="gid://syiq/Photo/395389">As the highest-placed <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> yacht, <a data-gid="gid://syiq/Yacht/12060" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liberty31.24m (102'6&quot;)Southern Wind2024">Liberty</a> also secured the <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> Trophy, reserved for yachts built by the South African shipyard. Fellow <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> models <a data-gid="gid://syiq/Yacht/11831" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gelliceaux35.51m (116'6&quot;)Southern Wind2023">Gelliceaux</a> and <a data-gid="gid://syiq/Yacht/14514" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalantis35.51m (116'6&quot;)Southern Wind2026">Kalantis</a>, both SW108s, completed the podium.The event also coincided with the 20th <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> Rendezvous, which saw owners and guests enjoy a more relaxed day of sailing along the same course as the regatta fleet.With the <a data-gid="gid://syiq/Event/355" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Giorgio Armani Superyacht Regatta - 2026">Giorgio Armani Superyacht Regatta</a> now concluded, Porto Cervo shifts its focus to the return of the Range Rover Sardinia Cup. The event will run from 31 May to 7 June, marking its comeback after a 14-year absence from the racing calendar.

Giorgio Armani Superyacht Regatta 2026 Winners

The Swan 115 Moat and Southern Wind 96 Liberty emerged as the overall class winners at the 2026 Giorgio Armani Superyacht Regatta.

Moat and Liberty claim top honours at 2026 Giorgio Armani Superyacht Regatta

The 40.04-metre motor yacht <a data-gid="gid://syiq/Yacht/10839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Familia40.04m (131'4&quot;)Bering Yachts2024">Familia</a> began taking on water on Saturday 30 May 2026 and is in danger of fully sinking in the harbour of Sinop, Turkey. <img src="https://photo-assets.superyachttimes.com/photo/395392/image/large-81dfac3040845662def6b2d5daf3fc6d.jpg" data-gid="gid://syiq/Photo/395392">According to local media reports, the captain of <a data-gid="gid://syiq/Yacht/10839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Familia40.04m (131'4&quot;)Bering Yachts2024">Familia</a> noticed that the yacht was beginning to take on water in the evening and evacuated the crew to shore. Coast guard and marine police teams were dispatched to the scene, with the Sinop Municipality fire department carrying out water drainage operations.&nbsp;The following morning, operations were initiated for pollution prevention and rescue purposes, with the yacht currently half submerged within the water. No injuries have been reported, with investigations still ongoing regarding the cause of the sinking. <img src="https://photo-assets.superyachttimes.com/photo/395391/image/large-165957fc7191036cd27f9cdf260f21a8.jpg" data-gid="gid://syiq/Photo/395391">Built in 2024 by <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a>, <a data-gid="gid://syiq/Yacht/10839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Familia40.04m (131'4&quot;)Bering Yachts2024">Familia</a> recently underwent an extensive refit and rebuild in Tuzla, Istanbul in Turkey. During her refit she was extended by two-metres to increase her onboard space and improve her stability and seakeeping abilities.<img src="https://photo-assets.superyachttimes.com/photo/395394/image/large-a690266471756edd8c30c933fce4730c.jpg" data-gid="gid://syiq/Photo/395394">A lower vertical centre of gravity (VCG) was established, while her beach club was amended to function as a garage space. In addition to this, a new staircase was integrated into her superstructure, with the superstructure repainted to new aluminium fabrications.Designed in-full by <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a>, <a data-gid="gid://syiq/Yacht/10839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Familia40.04m (131'4&quot;)Bering Yachts2024">Familia</a> can comfortably accommodate up to 12 guests across six staterooms. <img src="https://photo-assets.superyachttimes.com/photo/395393/image/large-95168961adfe91e70c0de19b8f5c8f9c.jpg" data-gid="gid://syiq/Photo/395393">SuperYacht Times will continue to follow this story and will update this article with new information when it becomes available.<img src="https://photo-assets.superyachttimes.com/photo/391644/image/large-3f002235d255a0c6693801fc349e368b.jpg" data-gid="gid://syiq/Photo/391644">

Familia: 40m yacht sinks in Sinop, Turkey

The 40m yacht Familia began taking on water on Saturday 30 May 2026 and is in danger of fully sinking in the harbour of Sinop, Turkey. 

Recently refitted 40m yacht Familia sinks in Sinop, Turkey

The 45-metre <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort</a> superyacht <a data-gid="gid://syiq/Yacht/32" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Awatea45.0m (147'8&quot;)Royal Hakvoort Shipyard2008">Awatea</a> has been relaunched following an extensive ReCraft programme at <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> in the Netherlands. The yacht arrived at the Dutch yard earlier this year for a seven-month extensive refit.<img src="https://photo-assets.superyachttimes.com/photo/394530/image/large-063953187846c7e6fd006700a792d554.jpg" data-gid="gid://syiq/Photo/394530" 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;">The yacht features naval architecture by <a data-gid="gid://syiq/Company/7" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Diana Yacht Design (Company)">Diana Yacht Design</a>, exterior design by <a data-gid="gid://syiq/Company/43" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cor D. Rover Design (Company)">Cor D. Rover</a> and interiors by <a data-gid="gid://syiq/Company/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Felix Buytendijk Yacht Design (Company)">Felix Buytendijk Yacht Design</a>. Her interiors fused contemporary yacht styling with subtle nods to New England, reflecting a design language that became a characteristic of post-millennium Dutch yacht design.Delivered in 2008, <a data-gid="gid://syiq/Yacht/32" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Awatea45.0m (147'8&quot;)Royal Hakvoort Shipyard2008">Awatea</a> was built by <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort</a> and was formerly known as My Trust. She was the first <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Hakvoort</a> yacht designed by <a data-gid="gid://syiq/Company/43" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cor D. Rover Design (Company)">Cor D. Rover</a> and, at the time, the fourth-largest yacht ever delivered by the Dutch shipyard, as well as the largest yacht <a data-gid="gid://syiq/Company/43" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cor D. Rover Design (Company)">Cor D. Rover</a> had designed up to that point in his career.<img src="https://photo-assets.superyachttimes.com/photo/394528/image/large-c85e5094d51e0e5deaf795d66ed92688.jpg" data-gid="gid://syiq/Photo/394528" 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;">“Choosing the Netherlands, and ultimately <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a>, to undertake this refit was a decision to uphold her pedigree with the standard of craftsmanship the nation is renowned for,” explained <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a>. According to <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a>, the project was approached with a strong emphasis on preserving the yacht’s original identity while modernising her onboard systems.<img src="https://photo-assets.superyachttimes.com/photo/377931/image/large-9fabe150e01ddb3607e7f62fff6cddb4.jpg" data-gid="gid://syiq/Photo/377931" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Most visibly, the yacht has returned to a colour scheme inspired by her original 2008 appearance. Her hull, previously finished in a custom pastel blue, has been repainted in Poseidon Metallic Blue by <a data-gid="gid://syiq/Company/1546" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alexseal Yacht Coatings (Company)">Alexseal</a>, complementing her crisp white superstructure. Moreover, antifouling works and spot corrosion treatment were also completed to improve long-term maintenance and durability.<img src="https://photo-assets.superyachttimes.com/photo/377935/image/large-aaabe7ac55dcfcfce673a09ab47bb94f.jpg" data-gid="gid://syiq/Photo/377935" 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;">The technical refit programme included a full upgrade of the yacht’s AMS and PMCS systems, installation of new radar, depth and speed sensors, as well as a completely upgraded HVAC system. The onboard lighting system was also modernised throughout both the interior and exterior with integrated ambient lighting controls, while the galley underwent a full renovation.<img src="https://photo-assets.superyachttimes.com/photo/394531/image/large-4ca440ec534e53322e5291ec3a7958b8.jpg" data-gid="gid://syiq/Photo/394531" 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;"><a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> also highlighted the advantages of undertaking the refit within the Netherlands’ close-knit network, stating that several technical issues, including a long-standing problem involving the yacht’s bespoke door hinge system, were resolved shortly after <a data-gid="gid://syiq/Yacht/32" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Awatea45.0m (147'8&quot;)Royal Hakvoort Shipyard2008">Awatea</a> arrived at the yard.Sourcing inventory proved equally straightforward. The crew had spent months searching for wine fridges in the U.S. that met the right specifications for dimensions, voltage, and connectivity, without success. At <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a>, they were ordered within 30 minutes. This is the practical dividend of the Dutch shipbuilding network: quality and access, together.<img src="https://photo-assets.superyachttimes.com/photo/394529/image/large-508fc2b86142d5c0f9726a110bf04709.jpg" data-gid="gid://syiq/Photo/394529"><a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> has acted as <a data-gid="gid://syiq/Yacht/32" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Awatea45.0m (147'8&quot;)Royal Hakvoort Shipyard2008">Awatea</a>’s gateway to Northern Europe. Having crossed the Atlantic for this significant programme of works, the yacht is now undergoing final preparations ahead of returning to the water with her cruising itinerary and schedule remaining unimpeded. <a data-gid="gid://syiq/Yacht/32" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Awatea45.0m (147'8&quot;)Royal Hakvoort Shipyard2008">Awatea</a> and her crew are well-placed for the northerly remote waters ahead, and her owner and guests can enjoy the yacht refreshed, upgraded, and ready for the seasons to come.

45m Royal Hakvoort yacht Awatea relaunched following refit

The 45m Royal Hakvoort yacht Awatea has been relaunched following an extensive ReCraft programme at Balk Shipyard in the Netherlands.

Business

Lürssen invests over €13m in covered dock at Blohm+Voss