NFTs and Web3 are slowly but surely encroaching into the world of yachting. Cryptocurrencies have been pretty much accepted across the board, with <a data-gid="gid://syiq/Article/55532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="More brokers accept BitPay amid crypto market uncertainty (2022-07-13 12:15:00 +0200)">even the most steeped-in-tradition brokerage houses facilitating wallet-to-wallet payments</a>. But NFTs have been a little slower to take off - and it’s likely to do with utility.<img src="https://photo-assets.superyachttimes.com/photo/240086/image/large-ff14fc7f35ac78b330075073b1a6f9b1.jpg" data-gid="gid://syiq/Photo/240086">Jad Comair, Founder and CEO of Melanion Capital and owner of the motor yacht <a data-gid="gid://syiq/Yacht/7527" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Amanda29.68m (97'5&quot;)Couach Yachts2006">Lady Amanda</a>, in collaboration with a team of Web3 experts, is about to launch an all-new NFT collection that is looking to change this. The Bored Yachts Club collection will give its users access to yachting experiences and events.&nbsp;Drawing inspiration from the Bored Ape Yacht Club (BAYC) ecosystem, which combines Web3 and real-life utility, Comair plans to replicate the model but in the context of yachting. Simply, he’s looking to create a global decentralised yacht club that provides access to yachting for those that might not otherwise have the opportunity. <img src="https://photo-assets.superyachttimes.com/photo/78255/image/large-a97d0c03f08d14cc9ba9469451b46e9a.jpg" data-gid="gid://syiq/Photo/78255">“I have no doubt that NFTs and Web3 are the future, and I wanted to find a way to incorporate this into my yacht charter business. This was the genesis of the idea, really. Yachting is the ultimate luxurious experience, and by building an ecosystem where instead of paying for the experience in monetary terms you can incentivise users, in a similar way to how air miles work, to trade and earn coins for time on board,” Comair explained.<img src="https://photo-assets.superyachttimes.com/photo/235693/image/large-412d9e8525811922a7f838aa287aab1f.jpg" data-gid="gid://syiq/Photo/235693">This initially translates to time onboard <a data-gid="gid://syiq/Yacht/7527" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Amanda29.68m (97'5&quot;)Couach Yachts2006">Lady Amanda</a>, but as the ecosystem expands Comair anticipates a large number of yacht owners getting involved. “We’re not only building an NFT collection, we’re building a community – and we want as many people involved as possible. There are many privately owned yachts that are available to charter but struggle to find charterers.&nbsp;If you visit any marina you will always see lines of yachts moored, waiting for their next excursion with an owner or charterer. We can tap into this and bring these owners into the folds of the ecosystem.”There will be a coin-based system within the Bored Yachts Club collection that will preserve and facilitate growth for the ecosystem (I’ll explain later), and will be the basis in which to incentivise yacht owners to join the community and get them “bored”. <img src="https://photo-assets.superyachttimes.com/photo/240085/image/large-c6b379994aafb95051ea1dab14c7fcc8.jpg" data-gid="gid://syiq/Photo/240085">“The coins raised and earned through the buying and exchanging of NFTs will be payment for time onboard the yachts,” Comair explained. “These coins can be spent, donated to the YachtCoin foundation, or to any other foundation of the yacht owner’s choosing.The majority of owner’s already donate to foundations and charities, and this is an opportunity for them to swap time onboard for their donations – meaning they can support their organisations through chartering their yachts and not through monetary donations.”<img src="https://photo-assets.superyachttimes.com/photo/78248/image/large-0de4f4f09adac0a78a80777f0a2b68e4.jpg" data-gid="gid://syiq/Photo/78248">For those savvy with the BAYC ecosystem this may all make sense, but for those unfamiliar I’ll explain. The Bored Ape Yacht Club is an exclusive member’s only group of art collectors – the art being digital JPEGs of apes, which you may or may not have seen as social media profile photos.Firstly, BAYC has created great prestige and its well-known that amongst its members are a number of which are A-list celebrities. What’s unique about the art collection though is that they have royalties attached, so that every time one is sold or exchanged the designers receive commission. Basically, BAYC has created a loop system where its clients (users) generate revenue for the artists and foundation of the group, while simultaneously self-promoting the brand.&nbsp;The rewards are exclusive access to events through what’s called “drop outs” – free gifts and invitations organised by its members.<img src="https://photo-assets.superyachttimes.com/photo/78275/image/large-7000fc111f83aef44594fdfac5abae99.jpg" data-gid="gid://syiq/Photo/78275">Read:&nbsp;<a data-gid="gid://syiq/Article/54895" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht NFTs: Making the “exclusive more inclusive” with Oceanco (2022-04-06 12:15:00 +0200)">Superyacht NFTs: Making the “exclusive more inclusive” with Oceanco</a>BAYC has been so successful that it's just received around $500,000,000 from venture capitalists to develop a metaverse that replicates the cult classic novel Ready Player One by Ernest Cline, and film of the same name. To put this into perspective, leading games such as Fortnight are estimated to cost around $100-150,000,000 to produce. BAYC’s metaverse smashes that record. <img src="https://photo-assets.superyachttimes.com/photo/78284/image/large-04338dac30944fef819b2f599b51a499.jpg" data-gid="gid://syiq/Photo/78284">Read:&nbsp;<a data-gid="gid://syiq/Article/54776" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="From blockchain to in-build: Tactical 110, the first NFT yacht sale on ETH blockchain (2022-03-16 10:15:00 +0100)">From blockchain to in-build: Tactical 110, the first NFT yacht sale on ETH blockchain</a>Comair is not pushing to create a metaverse – not yet, anyway! – but he is replicating the essence of what BAYC has created. It’s the ecosystem, and its disruptive attitude that we’ll see in yachting. Comair will replace this loop system model as a coin-based system where users can earn and spend coins to use as time onboard yachts.&nbsp;As the Founder and CEO of Melanion Capital, an asset management company that specialises in digital assets, and issuer of the first Bitcoin thematic ETF in Europe, Comair is well-versed in Web3 and the world of crypto and NFTs. He’s also the owner of the John Blackeye NFT, making him a member of the Bored Ape Yacht Club. Interestingly, it’s John Blackeye who’s the legal custodian of the 29.68-metre motor yacht <a data-gid="gid://syiq/Yacht/7527" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Amanda29.68m (97'5&quot;)Couach Yachts2006">Lady Amanda</a> – making her the world’s first “tokenised” yacht. It therefore offers a unique premier spot for Web3 networking. <img src="https://photo-assets.superyachttimes.com/photo/78260/image/large-a41782162fba0903c9db91ea8b0c6e1c.jpg" data-gid="gid://syiq/Photo/78260">Read:&nbsp;<a data-gid="gid://syiq/Article/54008" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht brokerage & bitcoin: Is the trend here to stay? (2021-11-03 16:45:00 +0100)">Superyacht brokerage &amp; bitcoin: Is the trend here to stay?</a><a data-gid="gid://syiq/Yacht/7527" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Amanda29.68m (97'5&quot;)Couach Yachts2006">Lady Amanda</a>, the first yacht available for charter through the scheme, is one of the most popular charter yachts in the Mediterranean. She has a brimming toybox, which includes an inflatable slide – unusual for a 30-metre motor yacht. With four staterooms, she can accommodate as many as ten guests.

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Bored Yachts Club NFT collection 

Lady Amanda yacht cruising

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 The Bored Yachts Club collection will give its users access to yachting experiences and events.

Bored Yachts Club: An NFT collection with real life yachting utility

For our latest Entrepreneur in Yachting feature, Francesca Webster sits down with her friend Mariangela Oliveri to discuss her luxury linens business <a data-gid="gid://syiq/Company/7884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oliveri Linens (Company)">Oliveri</a>. Established in 2011, <a data-gid="gid://syiq/Company/7884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oliveri Linens (Company)">Oliveri</a> has evolved into one of the premier sustainable linen companies for the yachting and aviation sectors over the past decade. We explored its inception, the challenges Mariangela faced in establishing a sustainable business before sustainability became a trend, and her conviction that quality and service are the keys to success in the superyacht industry.<img src="https://photo-assets.superyachttimes.com/photo/331994/image/large-c16f54ec63cb14a14d02590c1d28c25c.jpg" data-gid="gid://syiq/Photo/331994">What was the origin of the business and what is your background?&nbsp;Throughout my business degree my goal was to set up a company within the realm of luxury materials so I approached every class during my five year degree as an opportunity to develop the business plan. In fact, the original concept for <a data-gid="gid://syiq/Company/7884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oliveri Linens (Company)">Oliveri</a> was the final essay at university, so although the company was founded in 2011, it had really been with me for years before then.&nbsp;After university, I decided that before establishing my own business, I needed to learn how to work within a team and to grow in practical experience. It felt presumptuous to assume I had all the answers without appropriate training, so I joined a company in Asia for five years importing luxury furniture design manufacturers. During that time I learnt how to work with different people, from various backgrounds and cultures and it taught me the skills that you need in order to manage your own team and your own clients. It was an incredible learning experience and gave me the opportunity to work in a varied and complex environment, and after five years I returned to Italy and began the research process for the business. <img src="https://photo-assets.superyachttimes.com/photo/331999/image/large-21757ca123fc9e37a78d60e699868147.jpg" data-gid="gid://syiq/Photo/331999">Why did you decide to focus on high-end, sustainable linens?&nbsp;I’ve always had a deep passion for quality and for me Italian linen is the supreme material with an amazing heritage, however the sustainable approach was not in my original concept. I wanted to offer the lineage of linen with a modern twist, but I didn't yet know what that twist was. I am an observer by nature and when I returned from Asia in 2011 sustainability was beginning to become mainstream, with eco foods in supermarkets for example and the demand was increasing . Sustainability was also becoming a buzz word in the media and I could see that it would only increase in significance, so I decided that founding the business with a truly green heart would set <a data-gid="gid://syiq/Company/7884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oliveri Linens (Company)">Oliveri</a> apart from the rest of the market. That is when the struggle really started.At that time it was impossible to find refined sustainable fabrics. Everything on the market was rough and completely unsuitable to luxury linen products. That was a period of frustration and of almost giving up because once I'd set my heart on the sustainable element of the business there was no way that I was going back. It became absolutely central to my belief in the company.<img src="https://photo-assets.superyachttimes.com/photo/331998/image/large-5f21af1057a168c58caf722e89ffeb08.jpg" data-gid="gid://syiq/Photo/331998">How did you overcome that hurdle?I met with the owner of Italy’s largest fabric producer, and after an eight hour meeting managed to convince him to invest in a certified sustainable production line. He said, “If I can't convince you to change your mind about this approach in eight hours, you must be able to see something I haven't seen yet, so we will try it.” That was an amazing moment. Two years later, he had certified the entire production line of the company and had become one of the first sustainable fabric suppliers in Italy.&nbsp;So your investment in creating the business sustainably delayed the foundation of the company – why did it become so important to you?The answer is twofold. The first is ethical, but the second was strategic. I could foresee that sustainability would become an important factor of businesses in the future and fortunately reality has shown that my instinct was right. The decision to create a certified business from the ground up also means that everything we do is done in a sustainable way – our materials, work standards and business practices are routinely reviewed to ensure that we are maintaining the certified standards. When I see companies today launching ‘sustainable lines’ I know that it is greenwashing. You cannot be sustainable in one collection, it is a hypocrisy, either you believe in it and practise it throughout your business, or it is a gimmick to sell your products.&nbsp;What are some of the challenges you’ve faced since establishing the business?Well, aside from the initial challenge of finding the suppliers, we have faced many challenges in the past 13 years. Our first line was a kids bed linens collection because I thought mothers would be sensitive to the sustainability aspect, but it really didn't go as expected. I invested a lot of money and almost went broke. I realised that the market wasn’t ready for the sustainable topic to be the main focus of the business, so I developed the business model focusing on the concept of Italian quality, with an international service approach.&nbsp;Italian’s make wonderful products, and Made in Italy still carries a lot of weight internationally, but Italian companies are not good at marketing, customer service etc. So I decided to focus a lot of investment in our service offering, utilising my international experience to create something different and that is how <a data-gid="gid://syiq/Company/7884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oliveri Linens (Company)">Oliveri</a> came to the yachting industry, where quality and service are most recognised.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/332000/image/large-90fdc1caae0a58aa21af956ebab21436.jpg" data-gid="gid://syiq/Photo/332000">When did yachting linens become the focus of the business?In about 2013 we decided to approach the yachting sector, making our first sales in 2014 and pulling the company out of some challenging financial times. Then things progressed quickly because we secured <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut-Benetti</a> as one of our first clients. In fact when I went to Benetti to pitch our business, they had an array of linen suppliers on show, but by the end of our meeting we had secured our position as the exclusive supplier for the shipyard and that really established our relationship with the yachting sector.&nbsp;What do you think they saw in your products? What set&nbsp;<a data-gid="gid://syiq/Company/7884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oliveri Linens (Company)">Oliveri</a>&nbsp;apart?The quality of every single detail. Every piece that carries our label is checked by hand right down to the stitching because I want my team to be proud of every piece. We will take as long as it takes for it to be perfect and I think that sets us apart from other companies. I have a huge amount of respect for Hermes, which I believe is the only true example of true luxury brand. They continue to make their bags by hand, they aren’t interested in speed or numbers, they are focused on quality and that is my focus for <a data-gid="gid://syiq/Company/7884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oliveri Linens (Company)">Oliveri</a>. <img src="https://photo-assets.superyachttimes.com/photo/331993/image/large-f12efeba8de238fae187efa8cfdede06.jpg" data-gid="gid://syiq/Photo/331993">How have you maintained that level of control and what do you think are some of your keys to success?With a lot of saying no. The success of a brand is more in the no’s than the yes’s. We’ve been approached by retailers offering display space, but you will never find <a data-gid="gid://syiq/Company/7884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oliveri Linens (Company)">Oliveri</a> products on the shelf, we’ve also been approached to create products for under famous brands. Our know-how is precious to me and we will never supply our products under someone else’s label.The company is also completely self financed, so there are no investors telling me to cut budgets and increase production at the sacrifice of quality. I will make no compromises and that is really important to who we are. I also think that the most important thing when you’re an entrepreneur is that you involve everyone in your dream. From your suppliers, to your employees, you have to make them believe and in order to do that, you have to truly believe in yourself and in what you're doing. You have to be incredibly resilient as well, because it doesn't always go well, there are going to be challenges and in those times that belief is extremely important.&nbsp;This article was originally published in the 50th issue of the SuperYacht Times Newspaper,&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-50" target="_blank">available for download here.</a>

Mariangela Oliveri sustainable linens

We sit down with Mariangela Oliveri to discuss her sustainable linens company.

Mariangela Oliveri on sustainable linens, building a business and the meaning of luxury

In August 2022, <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yacht Management</a> was founded in Dubai, UAE, by Ian Harris, who assumed the helm as CEO. He was later joined by Yousuf Al Hashimi, who serves as both Managing Director and Partner.&nbsp;Harris has a rich background in the maritime world beginning his career in the Royal Navy, followed by significant roles in the oil and gas industry, before transitioning to the superyacht sector. His professional journey in the superyacht industry includes serving as the Head of Operational &amp; Technical Division at leading yacht management companies before establishing <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yacht Management</a>.<a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a> Features Writer Enrico Chhibber sat down with Ian Harris to delve into the origins and evolution of <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yacht Management</a>.<img src="https://photo-assets.superyachttimes.com/photo/331419/image/large-17785d7a8429a272638061d6b46f000a.png" data-gid="gid://syiq/Photo/331419">Could you explain your decision to establish&nbsp;<a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yachts</a>&nbsp;and why you chose to locate your company in Dubai, UAE?The decision to establish <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yacht Management</a> was driven by my extensive experience in managing and operating some of the most renowned yachts in the industry. A couple of years ago I found myself in a position where I was perhaps lucky enough to join any other management company. However, I believed I could do better, as I saw an opportunity to innovate and enhance existing yacht management services. So I decided to start over by gathering together a team of highly skilled ex-colleagues from various sectors of the industry and create a new yacht management company to provide high-value services to serious clients worldwide. With over a decade of experience in the super yachting sector, I embraced this new challenge, which was far more challenging than anything I had previously undertaken and something I had never envisioned doing.As for the decision to be headquartered in Dubai, it was a result of several factors. Firstly, there was clearly a gap in the market for quality yacht management services in the region, which is supported by the rapidly developing maritime infrastructure and the increasing number of ultra-high-net-worth individuals (UHNWIs) coming to the UAE. The existing saturation of yacht management and brokerage firms in Western Europe also played a crucial role in my decision. While there are some satellite offices here, there is a notable absence of independent and bespoke management companies specifically dedicated to serving this region.&nbsp;Additionally, my familiarity with the UAE further influenced my decision to base <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix</a> in Dubai. My previous commercial career and experience with several large superyachts, allowing me to establish strong roots and a deep understanding of the region. This local knowledge and experience positioned us to better serve our clients and capitalise on the unique opportunities available in the UAE.How has&nbsp;<a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix</a>&nbsp;evolved since its inception?Since its inception, <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix</a> has experienced substantial growth in its service offerings. Our portfolio has significantly increased over the last year, now including superyachts from renowned shipyards around the world, such as <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a>, <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>, <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>, and others. Initially focused on yacht management, the company has rapidly expanded into charter and sales. We are currently enlarging our Sales and Charter teams and are actively developing our New Build services. We are overseeing a major project and are in negotiations for a larger vessel, with additional plans to construct a large explorer catamaran.Additionally, there was a significant change in the organisational structure last year when I formed a partnership with Yousuf Al Hashimi during a yacht charter in the Caribbean. Following several discussions, Al Hashimi, intrigued by the superyacht sector and passionate about maritime activities, including participation in sailing regattas such as Cowes Week, decided to join <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yachts</a> as a Partner and Managing Director. Coincidentally, Al Hashimi's first major engagement in the superyacht industry with <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix</a> occurred at last year's <a href="http://superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a> event in Abu Dhabi.Do you believe the Red Sea and Arabian Gulf region will soon rival the Caribbean as the premier winter cruising destination?In terms of charter volume and thinking in a slightly larger arena, I do not envision the Red Sea and Arabian Gulf region directly competing with the Caribbean, where places like St. Barts are traditional and busy hotspots for luxury charter holidays, offering more entertainment and infrastructure.Instead, the Red Sea, known for its natural beauty and adventure charters, particularly for scuba diving, offers a different kind of experience. The journey further extends to the Arabian Gulf, presenting a unique winter destination. The Gulf region's combination of an ideal climate, modern infrastructure, luxury lifestyle, cultural richness, and high-quality services makes it an exceptional superyacht destination.The Greater gulf region provides a unique type of adventure for those looking to try and explore new waters. This unique and distinctly different experience makes it difficult to compare the two regions directly.However, in terms of the amount of yachts in the region, I believe we will soon be able to compete with the Caribbean. As a result of continued government investments in marine infrastructure, such as those in <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a> in Saudi Arabia and that ongoing in the UAE, it is expected that more yacht owners will choose to station their vessels in the region, thereby increasing demand for quality yacht management services in the region.Moreover, there is an increasing need for high-end maintenance facilities in the Middle East to support the anticipated rise in superyachts. While such facilities are currently limited, regional authorities are actively working to address this gap. Recent updates to yacht charter regulations in the UAE demonstrate a commitment to advancing the yachting industry. <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix</a>, alongside other key local stakeholders, has been a leading advocate for these developments.<img src="https://photo-assets.superyachttimes.com/photo/331235/image/large-19425dc3700cb1849fe75cd8bbf4e154.jpg" data-gid="gid://syiq/Photo/331235">How many of your clients are Middle Easterners versus Europeans, and how do the preferences of your Middle Eastern clients differ from those of Western clients?As for the demographic of <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yacht Management</a>'s clientele, our client base is currently evenly split between Middle Easterners and Europeans. However, we are increasingly focusing on the domestic UAE market.&nbsp;This dynamic is evolving as the Middle East is a booming region. Over the last 10 years, the region has completely transformed. You can see ultra luxury developments in the marinas, hotels, restaurants plus then the rich array of museums and large international events. This change is not limited to Dubai; there has been significant infrastructure development in the rest of UAE, Qatar, and Saudi Arabia. This of course affected the regional yacht market.&nbsp;Previously, the largest superyachts (over 90-metres) were predominantly owned by Middle Eastern clients, while those ranging from 40 to 80-metres were more commonly chartered. Now, with regional developments and changes in marine law, more Middle Eastern clients are purchasing yachts in this size range. Furthermore, they expect these vessels to be managed to the highest standards, similar to the quality they have experienced with chartered yachts.<img src="https://photo-assets.superyachttimes.com/photo/331344/image/large-c539c32432670c0f2f2da27a9a25c29a.png" data-gid="gid://syiq/Photo/331344">This article was originally published in the 50th issue of the SuperYacht Times Newspaper,&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-50" target="_blank">available for download here.</a>

In conversation with Founder Ian Harris on the rise of Phoenix Yacht Management

In August 2022, Phoenix Yacht Management was founded in Dubai, UAE, by Ian Harris, who assumed the helm as CEO.

Designing a superyacht that challenges industry norms requires not just creativity, but also a deep understanding of the market. This is precisely the approach taken by <a data-gid="gid://syiq/Company/6600" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Isola Corvus Ltd. (Company)">Isola Corvus</a>, when they conceived the idea for the Velarca 135—a 41-metre yacht that merges the allure of motor yachts with the elegance and sustainability of sailing yachts.<img src="https://photo-assets.superyachttimes.com/photo/326252/image/large-c00ed26e9e250bf40ef13dc2fe07429a.jpg" data-gid="gid://syiq/Photo/326252">SuperYacht Times sat down with founder Sami Lehtonen and Jarkko Härmälä of <a data-gid="gid://syiq/Company/6600" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Isola Corvus Ltd. (Company)">Isola Corvus</a> to find out more about the inspiration behind the Velarca 135 sailing yacht concept and the future plans for the company.<img src="https://photo-assets.superyachttimes.com/photo/216497/image/large-3d9dd95f0c4dd4f965ac0f5c0ea44a80.jpg" data-gid="gid://syiq/Photo/216497">The Velarca 135 yacht was first unveiled in 2022 as a sailing yacht that combines luxury with style and most importantly, takes into account the growing demand for sustainable yachting. Reflecting on the origins of the Velarca 135 concept, Sami revealed that the idea emerged on a sunny day in August 2021 in Helsinki’s Kaivopuisto Park. Accompanied by an advertising agency and several bottles of champagne, the team were spurred by a bold vision. <img src="https://photo-assets.superyachttimes.com/photo/242232/image/large-8fd4ddc1c0153b0949334960523201b4.jpg" data-gid="gid://syiq/Photo/242232">“We knew that motor yachts dominate the superyacht market with over 90 percent market share, which also means they produce most of the greenhouse gas emissions. So, we decided there and then to start selling sailing yachts to the motor yacht clientele,” Sami explained. This marked not only the birth of Velarca 135 but also the formation of a business model that would allow <a data-gid="gid://syiq/Company/6600" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Isola Corvus Ltd. (Company)">Isola Corvus</a> to enter the superyacht market, without a designer or shipyard already in place.One of the cornerstones of the Velarca 135 design is sustainability, a principle that Sami was determined to uphold without compromising on luxury. “Sustainability is a tricky word,” elaborated Sami. “Many luxury products have a longer lifespan because they are valuable, beautiful, and timeless. This longevity contributes to true sustainability.” He pointed out that while well-built sailing yachts already have low emissions, the motor yacht segment presents an opportunity for significant improvement. “We believe that longer lifespans combined with reduced emissions provide a solid foundation for improved sustainability.”&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/55970" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Isola Corvus on the inspiration behind its 41m sailing yacht concept Velarca 135 (2022-09-23 10:00:00 +0200)">Isola Corvus on the inspiration behind its 41m sailing yacht concept Velarca 135</a><img src="https://photo-assets.superyachttimes.com/photo/242234/image/large-51b335bc454fd0d4239d88589eae3888.jpg" data-gid="gid://syiq/Photo/242234">Merging motor yacht features with sailing yacht designThe Velarca 135 is not just a sailing yacht; it’s a hybrid that incorporates key features typically found on motor yachts, such as an expansive beach club and a streamlined profile. When asked about the design process, Sami recounted the strategic decisions that guided the yacht’s development. “We consulted well-known yacht brokers in the Mediterranean to understand what their customers prefer in terms of yacht size and amenities. We also prioritised safety and simplicity, ensuring that even a less experienced crew could manage the yacht with ease.” The design was then handed over to <a data-gid="gid://syiq/Company/164" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beiderbeck Designs (Company)">Beiderbeck Designs</a>, who were given full artistic freedom. “In my opinion, the result was not only quite clever and practical, but also very pretty,” Sami added.<img src="https://photo-assets.superyachttimes.com/photo/216494/image/large-d23ae9f9a161e73b660e7a5c5bafcac6.jpg" data-gid="gid://syiq/Photo/216494">The Isola Corvus vision and challengesAs a relatively new player in the superyacht industry, <a data-gid="gid://syiq/Company/6600" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Isola Corvus Ltd. (Company)">Isola Corvus</a> brings a fresh perspective, heavily influenced by Sami’s background in offshore racing. “We dared to do what we wanted without asking too many questions,” Sami explained, reflecting on the fearless approach that has driven the company forward. One significant innovation influenced by Sami’s racing experience was the rig design. “I was never a fan of the Chinese gybes, as the boom had the potential to cause damage or injury by slamming from side to side when jibing; so I wanted to eliminate the risks of this happening completely. The Velarca rig is simply a boomless, rope free, two masted solution, with two rolling and self-tacking jibs on each mast and a third jib in an inverted position between the two masts.<img src="https://photo-assets.superyachttimes.com/photo/216499/image/large-e6b6b2919ec59af2b44f6642ef4ec58f.jpg" data-gid="gid://syiq/Photo/216499">Despite their innovative spirit, the journey hasn’t been without challenges. “We didn’t have a designer or shipyard partner in the beginning, both of which are must-haves to even launch a design,” Sami admitted. However, a fortunate connection with Finnish superyacht hydraulics entrepreneur Nadine Proctor opened doors, leading to a partnership with <a data-gid="gid://syiq/Company/164" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beiderbeck Designs (Company)">Beiderbeck Designs</a>. “By January 2022, the design was ready to launch,” Sami recalled. The next challenge was finding a suitable shipyard, a process that ultimately led them to <a data-gid="gid://syiq/Company/5728" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Knierim Yachtbau (Company)">Knierim Yachtbau</a> in Germany, known for their expertise in building lightweight sailing yachts.<img src="https://photo-assets.superyachttimes.com/photo/216493/image/large-b5f0be620cd828b3d8d58c4e1938e36a.jpg" data-gid="gid://syiq/Photo/216493">“Velarca is structurally more challenging to build than a motor yacht, so the shipyard must have experience in building demanding lightweight sailing yacht designs,” Sami explained. He also highlighted Knierim’s involvement in the wind power industry as an added benefit that aligns with their sustainability goals.&nbsp;However, marketing a yacht that blurs the lines between motor yachts and sailing yachts presents its own set of challenges. Sami remains optimistic that the industry will eventually create a new category for such crossover yachts.<img src="https://photo-assets.superyachttimes.com/photo/216498/image/large-29b199b0e1cba3a4051ab412d7aadfa4.jpg" data-gid="gid://syiq/Photo/216498">The future of sailingLooking ahead, Sami sees potential for the superyacht industry to follow the commercial shipping sector’s lead in adopting sail-assisted designs and alternative fuels like methanol. “The commercial sector can’t afford to over-engineer but seeks straightforward solutions to bring down emissions. The superyacht sector, however, seems more willing to experiment with alternative fuels,” Sami observed. He believes that the industry will eventually recognise the value of sailing and sail-assisted designs as viable solutions for reducing emissions.<a data-gid="gid://syiq/Company/6600" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Isola Corvus Ltd. (Company)">Isola Corvus</a> is already planning its next project, though details remain tightly under wraps. “Offering something different is paramount to us because we are still far from being a household name in this industry. Whatever we bring to the market must have as big a wow effect as possible.”As <a data-gid="gid://syiq/Company/6600" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Isola Corvus Ltd. (Company)">Isola Corvus</a> moves forward, it’s clear that they are not just building yachts—they’re redefining the possibilities within the superyacht industry, one innovative design at a time.<img src="https://photo-assets.superyachttimes.com/photo/216496/image/large-bb4330af290da5a641aa42e67a6508a8.jpg" data-gid="gid://syiq/Photo/216496">

Velarca 135: Bridging the gap between motor yachts and sailing yachts

SYT finds out more about the inspiration behind the Velarca 135 sailing yacht concept by Isola Corvus.

In the world of yacht management, transparency, accountability and responsibility are valued above all else and last year the Schulte Group established <a data-gid="gid://syiq/Company/7337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BSM Yachting (Company)">BSM Yachting</a> under precisely these principles. Under the management of Christophe Ceard, an experienced yacht manager who has been working within the maritime sector for over two decades, the company has gone from strength to strength since its inception last year. We recently sat down with Christophe to find out about his experience, as well as his perspective on the yacht management sector, its challenges and what he thinks yachting can learn from other industries, such as aviation.<img src="https://photo-assets.superyachttimes.com/photo/325337/image/large-d077a2495cdd0b13b87aab1d0ef060c6.jpg" data-gid="gid://syiq/Photo/325337">Can you share your own professional experience and explain how this has helped to establish your expertise in this sector?&nbsp;I began my maritime career in the fast ferry industry, managing operations across various locations and countries, including the Mediterranean, the Caribbean, and Asia, specifically Hong Kong and Southeast Asia. In 2007, I transitioned to a role within a family office, where I started working with superyachts. Since then, I've remained in the superyacht industry.My experience in fast ferry operations served as the best “school” for my career, offering many similarities to superyacht operations – technically to some extent, but most importantly in terms of working under pressure. The pressure of ensuring a vessel’s reliability from point A to point B, down to the minute, can have a lot of similarities in the mind set with working fast in the yachting industry.However, the most significant experience and expertise I bring to yachting stems from over 14 years in a family office. This experience is invaluable to our daily work with superyachts. It allows me not only to better understand our clients but also to align with their thinking, both in day-to-day operations and in long-term decision-making. This background has provided me with an essential perspective on what is expected from a yacht owner.<img src="https://photo-assets.superyachttimes.com/photo/325341/image/large-4d47ba1b3ccddeaf6ae84fd0c879f429.jpg" data-gid="gid://syiq/Photo/325341">What is the scope of&nbsp;<a data-gid="gid://syiq/Company/7337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BSM Yachting (Company)">BSM</a>’s fleet and what services does it provide to its clients?&nbsp;We are part of the Schulte Group, one of the world's leading ship management companies. Backed by the solid foundation and resources of this group, we offer a comprehensive range of yacht management services, including full operational management – covering crewing, technical aspects, safety and compliance, procurement, financial management, cost control, and reporting.Additionally, we provide complete services for new-builds and large refit consultancy and supervision. While our headquarters are in Hamburg, Germany, we have local support points in key locations, such as the South of France.<img src="https://photo-assets.superyachttimes.com/photo/325339/image/large-c53e6b72ab53ff83bf1e00ed048bf291.jpg" data-gid="gid://syiq/Photo/325339">What are some of the challenges associated with superyacht management?&nbsp;I believe the challenges in superyacht management are largely consistent across the industry, with the crew aspect being the most significant. This includes not only recruitment but also ensuring proper qualifications and professionalism. As the industry has grown rapidly, the shortage of qualified crew has increased proportionally.With the level and types of accidents we witnessed this summer, in some cases, it clearly can be attributed to the current crew situation. As part of the Schulte Group, we have significant resources dedicated to crew recruitment and training. I often compare our operations to private aviation and we are now implementing mandatory training programs at all levels. For example, we use our in-house bridge simulator for regular training sessions with officers and engineers, mirroring the standards that owners expect in private aviation.&nbsp;The level of rules and regulations is increasing, and this trend will continue. This is both necessary and beneficial, as there is much room for improvement in applying stronger regulations to private vessels. Too often, the mindset between owners and crew is, "We don’t need to do this because we are private." However, a yacht of the same size and capacity could be either privately or commercially registered, yet the risks are identical.This is why we make no distinction in terms of operation and safety: the same rules and regulations apply, including voluntary ISM compliance.I could go on all day about the challenges we face. What I've noticed over the years is that even within the superyacht industry, there's often a lack of understanding about what true yacht management entails. It's frequently confused with yacht administration.As Yacht Manager, you are taking on continuous risks and liabilities: cyber fraud, legal compliance issues, employment liabilities, pollution concerns, financial expenditures, potential accidents, and so on....<img src="https://photo-assets.superyachttimes.com/photo/325338/image/large-a620a1c3e58257c54393ddf65dc17920.jpg" data-gid="gid://syiq/Photo/325338">How does a company like&nbsp;<a data-gid="gid://syiq/Company/7337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BSM Yachting (Company)">BSM</a>&nbsp;guarantee world class service to clients within such a range of yacht sizes from 40 metres to over 100 metres?&nbsp;As mentioned above, having the resources of a large group behind the scenes is essential in today's environment. The complexity of operations, combined with the ever-increasing levels of liability, makes it very difficult, if not impossible, for a small management company to deliver at all levels.We firmly believe that the time has come for a more structured management approach, which is precisely what many owners now expect. While we operate in a luxury industry where personal dedication is crucial, owners increasingly expect both: a strong, solid organisational structure for their yacht and a personal relationship with a deep understanding of their needs.This is what we strive to offer our clients: the ability to adapt to the owner's needs first while delivering in a structured and professional manner. For each owner and vessel, we assign a dedicated fleet team specifically tailored to the program and its unique requirements. This approach is crucial for delivering efficient and well-organised service, customised to the vessel’s needs.Lastly, the quality of our team is the most essential aspect of our business. Our team members are highly qualified, bringing a strong background that combines experience from both commercial vessels and yachting. This blend of expertise is central to our concept and a key part of the added value we provide every day.How does&nbsp;<a data-gid="gid://syiq/Company/7337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BSM Yachting (Company)">BSM</a>'s approach differ from other companies in the sector and are there advantages in being part of a larger commercial shipping company?We are very proud to be part of one of the most reputable commercial shipping companies in the world. We fully embrace our hybrid management concept, which blends the best practices from both yachting and commercial shipping. While applying a purely commercial approach to yachts wouldn’t be effective, we have demonstrated that incorporating certain elements from commercial shipping—adapted to yacht operations—is key to achieving better yacht management. This is exactly what many owners are seeking today.This approach is even reflected in our slogan: Owner-driven.In practical terms, this means implementing systems such as robust procurement and cost control, proper planned maintenance programs, and comprehensive crew management as true HR functions – rather than merely handling payroll.To illustrate what I mean by applying commercial elements to yachting, let’s take crew management as a small, concrete example: we provide an in-house, modern system with an app for the crew. This system allows our team to handle travel management directly, ensuring the selection of the right flight tickets based on cost and connections. The flight tickets are then uploaded directly into the app, reducing the typical endless flow of emails between the yacht and shore. This simple example leads to improved cost control, enhanced efficiency, and greater transparency.Finally, transparency itself is a crucial factor. We often encounter owners who are "disappointed," to say the least, by the lack of transparency and effective cost control on their yachts.Even though we are part of a large group, our "family office" mentality, combined with the power of a hybrid operation that integrates elements from commercial shipping, sets us apart from many traditional yacht management companies. This also includes our decision not to offer brokerage and charter services, as we believe these can sometimes lead to conflicts of interestTo find out more about <a data-gid="gid://syiq/Company/7337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BSM Yachting (Company)">BSM Yachting</a> and to reach out to Christophe and the team, get in touch now;

BSM Yachting on yacht management

Christophe Ceard on BSM Yachting and yacht management.

BSM Yachting on the evolution of yacht management

Jessamie Rattray sat down with Stewart Richardson, Captain of the 85.6-metre <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> motor yacht <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Aquila</a>, to talk about changes to what charter clients want, crew shortages, and life on the sea.<img src="https://photo-assets.superyachttimes.com/photo/322474/image/large-16962e145d6527bbf36c11a1e05b59fe.jpg" data-gid="gid://syiq/Photo/322474">You have spent your life on the water. Can you tell me a bit about it?&nbsp;Sailing is where my journey first started. I began as a sailing instructor in the Solent, UK, before moving to Australia – I would mainly teach people how to sail and instruct yacht masters. Although I thoroughly enjoyed my time, in the early 2000s, it became apparent that the sailing and yachting market in Australia was pretty small and I believed if I wanted to make a solid career out of sailing, I needed to return to Europe.I made the move and began working with a company called Challenge Business. It was a yacht racing business that trained amateurs to sail big boats across oceans. It was brilliant and challenging all in one; you’re a sole captain, with a group of 18 amateurs racing massive distances.&nbsp;That experience, I believe, was the catalyst to where I am now. I then met my partner, who was very focussed on racing. We shared that passion and would eventually spend our time travelling whilst sailing and racing. It was a very transient and nomadic life, following sailing regattas. It’s not the most conventional way to live but we loved it.&nbsp;I remember I was racing from the United States to the UK when I got an email from a gentleman called Skip Novak who was hugely prominent in the sailboat game. He asked if we wanted to come and captain his boat in the Antarctic. We thought it sounded cool, so we did it.&nbsp;My partner and I spent nearly four years running what was basically a charter boat in Antarctica together. We supported a lot of ﬁlmmakers producing research documentaries about wildlife and nature, including National Geographic. We cruised all over the south Atlantic. It was real ‘Wild West kind-of-stuﬀ’, and I loved that. It was both incredibly interesting and incredibly hard, a completely diﬀerent end of the industry to where I am today. After that we spent some time in the Arctic – exploring Greenland and the east coast of Canada – on another boat, a 38-metre explorer motorboat, and that was the ﬁrst time that I thought beyond sailboats to the other side of this industry.&nbsp;When my partner was oﬀered the supreme last sailing hurrah — the opportunity to work on board the J Class <a data-gid="gid://syiq/Yacht/621" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Endeavour39.56m (129'9&quot;)Camper & Nicholsons Shipyard1934">Endeavor</a>, a beautiful and iconic sailing yacht fresh out of her reﬁt in New Zealand — I was left with the opportunity to think about what I wanted to do. I went back to school, got my tickets and was lucky to join a 52-metre ketch as the mate. That got me into this side of the industry. In my case, I very much used my sailing background to cross over into the superyacht industry. I had a lot of experience captaining boats up until then, but I was now faced with a whole new side to things. It was no longer just pure sailing, now it was customer focused too.<img src="https://photo-assets.superyachttimes.com/photo/322477/image/large-9ba42a83b20da144a5df823b2de11a82.jpg" data-gid="gid://syiq/Photo/322477">And how did you end up as the Captain of <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Aquila</a>?&nbsp;Having worked on my fair share of large sail boats, I am well aware of the conditions involved. While there are rules and regulations in place of course, there is always risk involved, particularly on sailboats. I came to a point in my career where I knew I had to ask the question, ‘What’s next?’.I started on a 56-metre motor yacht before getting involved in a new build. Sadly, a cancelled contract meant that the new build never materialised. Fortunately, I was in shipyard with the sistership of <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Aquila</a>, undergoing her four-year paintwork, and I got to know some of the crew. I got in contact with the owner’s rep, who conveniently informed me that they were hiring. I started as a mate, and then became rotational captain in 2016. I was captain until 2021 when the family asked me to move across to <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Aquila</a>. <img src="https://photo-assets.superyachttimes.com/photo/322476/image/large-70123287318222713761fc5fab0a9ff4.jpg" data-gid="gid://syiq/Photo/322476">What are your priorities as Captain?It is my responsibility to make sure we have a good team on board: that is paramount. I build trust with owners, reps, and with the management company. I am skill-focused; I make sure the crew is highly skilled and highly trained.&nbsp;The longevity we have is impressive, with multiple crew members who have been with us for over a decade. It’s a testament to how the boat is run, and it’s a testament to her owners. They are fantastic and so supportive.&nbsp;Why does <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Aquila</a> standout in the charter market?&nbsp;<a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Aquila</a> has a strong reputation. She’s an older boat but has been at the receiving end of incredible investment from the owner, including investment in time, in crew and in training. Her reputation carries her, and that is seen with our repeat clients and strong interest. She’s a classic beauty and we have a very high end oﬀering. Our focus on training, reviewing, and building gives us a real quality feel that is evident when our guests step onboard.<img src="https://photo-assets.superyachttimes.com/photo/322475/image/large-ca263127e3f4bf0c9eb5a8e8227d651d.jpg" data-gid="gid://syiq/Photo/322475">What is the status with the demand for crew?&nbsp;For a long time, we struggled as a growing industry to ﬁnd enough crew. It's not just a case of having enough crew, but of having the right crew. I think a lot of people, and potentially a lot of the right people, don’t know this industry exists. The market we’re in is a very private one, and one that seems far too unattainable for a lot of people to ever consider getting involved in.&nbsp;Certain media moments have spotlighted the industry and have in turn exposed more young people to yachting. Whether this is a good thing or not, what we need is numbers, and I think that this helps to encourage young people to get involved in the industry, or to show them it’s there at all.&nbsp;How have you seen charter, and what clients want, change?&nbsp;There’s deﬁnitely a big focus these days on equipping the yacht with as many oﬀerings as possible. For crew today, there’s more to it than just having the necessary skills and qualiﬁcations. You have to come with other selling points too, like being a divemaster, a yoga instructor, or a beauty therapist. Yachts used to be all about parties, and while many still are, wellness has become more important and a focus of guests.<img src="https://photo-assets.superyachttimes.com/photo/322473/image/large-f34909acd292cef7a1b3fb08d3e3155d.jpg" data-gid="gid://syiq/Photo/322473">You can stay up-to-date with more stories like this by subscribing to our weekly <a href="https://yachtchartermarket.com/" rel="noopener noreferrer" target="_blank" title="">Yacht Charter Market newsletter here</a>.

Stewart Richardson, Captain of 85m Derecktor motor yacht Aquila.

Jessamie Rattray sat down with Stewart Richardson, Captain of the 85.6-metre Derecktor motor yacht Aquila.

Captain Stewart Richardson of 85m Aquila on charter, crew shortages & life on the sea

The first hull of the <a data-gid="gid://syiq/Yacht/12373" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Telli38.76m (127'2&quot;)Custom Line2024">Custom Line Navetta 38</a> was launched in late January and she epitomises the pinnacle of bespoke yachting. As the latest addition to the Navetta series, this 38.76-metre displacement superyacht is a masterclass in Italian craftsmanship and innovative engineering. With the exterior designed by the renowned architect <a data-gid="gid://syiq/Company/5547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Filippo Salvetti (Company)">Filippo Salvetti</a> and interiors by <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">ACPV ARCHITECTS Antonio Citterio Patricia Viel</a>, the Custom Line Navetta 38 embodies a harmonious blend of elegance, functionality, and luxury. We took a closer look at her most distinctive features, alongside her designers;<img src="https://photo-assets.superyachttimes.com/photo/320207/image/large-37b450f2df1312bda83f01052b2b81a3.jpg" data-gid="gid://syiq/Photo/320207">Exterior Design: Timeless elegance meets modern functionalityThe exterior design of the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> Navetta 38 is a testament to timeless elegance and refined luxury. <a data-gid="gid://syiq/Company/5547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Filippo Salvetti (Company)">Architect Filippo Salvetti</a>'s vision brings a classic yet contemporary aesthetic to life with clean, sculptural lines that blend tradition with modern sophistication. The yacht’s silhouette, defined by its simple, harmonious lines, exudes a sense of understated luxury that appeals to connoisseurs of refined design.<img src="https://photo-assets.superyachttimes.com/photo/320220/image/large-aeb10d8d6c353155e9f6284226386079.jpg" data-gid="gid://syiq/Photo/320220">The exterior layout spans three decks, offering nearly 465 square-metres of space dedicated to comfort and conviviality. The main deck's beach club is a standout feature, with extendable sides creating a generous area for relaxation and socialising. The beach club’s design ensures seamless integration with the sea, providing an exclusive area for special moments.<img src="https://photo-assets.superyachttimes.com/photo/320241/image/large-1dcd740784d63adfb9916f95be48e1f8.jpg" data-gid="gid://syiq/Photo/320241">The upper deck, measuring over 90 square-metres, features a spacious outdoor lounge and a panoramic indoor saloon that can be fully opened on three sides, enhancing the sense of fluidity between indoor and outdoor spaces. The use of all-glass parapets and floor-to-ceiling windows throughout the yacht amplifies the connection with the marine environment, offering unobstructed views and abundant natural light.<img src="https://photo-assets.superyachttimes.com/photo/320234/image/large-69488025dae70461321addd97a0b4ff4.jpg" data-gid="gid://syiq/Photo/320234">Interior Design: Light and luxuryThe interior design of the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> Navetta 38 is a celebration of space, light, and sophisticated materials. <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">ACPV ARCHITECTS Antonio Citterio Patricia Viel</a>’s design philosophy shines through in the meticulous use of glass, which floods the interiors with natural light and creates a seamless transition between inside and out. Floor-to-ceiling windows in the main saloon and upper deck saloon enhance the feeling of openness and harmony with the surroundings.<img src="https://photo-assets.superyachttimes.com/photo/320232/image/large-d2ad8a8c0df70e3a47f7f7e5118fb37a.jpg" data-gid="gid://syiq/Photo/320232">Patricia Viel, CEO and Partner of <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">ACPV ARCHITECTS</a> explained; "We all have a great passion for the sea – for sailing boats and motor boats – so we really work to enhance the sailing experience for our guests. For us, a boat is a living space where the sea is the context. Our yachts are naval architecture designed for a 'sea-friendly' life. For this reason, we draw on the stylistic features of nautical and marine tradition, albeit from a contemporary perspective.” <img src="https://photo-assets.superyachttimes.com/photo/320233/image/large-4def9da9c05ece53f7a653c73db49c09.jpg" data-gid="gid://syiq/Photo/320233">The chromatic palette of the interior is dominated by neutral tones such as beige and ivory, enriched with natural, unfinished materials like teak, oak, leather, linen, and parchment. The widespread use of raffia and Philippe Jeffries ivory wallpaper adds a tactile dimension to the interiors, combining refined craftsmanship with understated elegance. Patricia Viel added, "In line with the owners' preferences, we selected a very neutral colour palette, using refined natural materials without any added colour. We used materials such as leather, oak, natural raffia, and linen textiles. The colour comes from the natural tones of the materials themselves. This choice of neutral and delicate colours creates a sense of peace on board."<img src="https://photo-assets.superyachttimes.com/photo/320225/image/large-cbeee6a20f28b3199658163232b0d84a.jpg" data-gid="gid://syiq/Photo/320225">One of the most distinctive features of the yacht is the three-dimensional oak ceiling with its ribbed structure, adding a touch of sophisticated originality. This design element, combined with oak or teak floors and contrasting dark pencil strip inserts, creates a cohesive and warm atmosphere. Chiara Massarani, Senior Project Director at <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">ACPV ARCHITECTS</a>, explains: "This innovative design not only adds a refined touch but also enhances the interior's acoustic performance. The ribbed ceiling contrasts beautifully with the full-height glass windows and glossy surfaces, creating a warmer, softer ambiance."<img src="https://photo-assets.superyachttimes.com/photo/320215/image/large-ad50a02714debf00eee9f807b4a83177.jpg" data-gid="gid://syiq/Photo/320215">The main deck's 42-square-metre saloon exemplifies timeless elegance, featuring custom-made furniture by <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">Antonio Citterio</a>. The simple lines and harmonious layout, combined with luxurious materials, create an informal yet refined ambiance. The saloon’s furnishings, including a B&amp;B Italia Maxalto sofa and leather pouffe, are designed to blend seamlessly with the setting, enhancing both functionality and aesthetic appeal.&nbsp;Chiara Massarani adds, "in the main saloon and the sky lounge, the storage units on the sides have been designed as freestanding customised units that are lifted from the floor to enhance the fluidity of natural light and the transparency of the internal space. The continuity between interior and exterior spaces is further emphasised by using the same materials both indoors and outdoors. In the upper deck sky lounge, the floor is teak with grey infill, matching the outdoor deck. On other decks, the interior flooring is oak, but it features the same infill design as the outdoor yacht deck."<img src="https://photo-assets.superyachttimes.com/photo/320644/image/large-a55c1a63e7ee38125027893546b52fde.jpg" data-gid="gid://syiq/Photo/320644">The master suite on the main deck is a 40-square-metre sanctuary of privacy and luxury. With features like walk-in wardrobes, a large chaise longue, a desk with an elegant leather top, and a central bed with a leather-weave headboard, the suite offers an oasis of relaxation with unobstructed sea views. The master bathroom, with its use of oak and Pietra d’Orcia stone, adds to the suite’s refined elegance.<img src="https://photo-assets.superyachttimes.com/photo/320643/image/large-beadd127292dd17b7e913c87a6473bc2.jpg" data-gid="gid://syiq/Photo/320643">A masterpiece of bespoke yachtingThe <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> Navetta 38 is not just a yacht; it is a masterpiece of bespoke yachting, combining innovative design with the highest standards of luxury and comfort. Every detail, from the exterior lines to the interior finishes, reflects the dedication to quality and the passion for perfection that are hallmarks of Italian craftsmanship. This new addition to the Navetta series is set to redefine the boundaries of luxury cruising, offering an unparalleled yachting experience that is both timeless and contemporary.

Custom Line Navetta 38 yacht design

We sit down with the designer's behind Custom Line's Navetta 38 with her designers.

The Custom Line Navetta 38: A triumph of Italian design

Justin Ratcliffe visits <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> shipyard and sits down with the CEO to find out about the shipyard that has most recently launched the explorer 47m <a data-gid="gid://syiq/Yacht/3834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="King Benji46.7m (153'3&quot;)Dunya Yachts2024">King Benji</a>. Sedat Ergun is the founder and CEO of <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya Yachts</a> in Turkey. The site of the shipyard in Tuzla Bay, Istanbul, has been in his family since the 1950s and was originally the setting of their holiday home. In 1983 it was developed into the Ursa Shipyard as part of a government initiative to move commercial shipbuilding out of the city centre. <img src="https://photo-assets.superyachttimes.com/photo/319977/image/large-da35a8f1f71fd5413637e98656000e3c.jpg" data-gid="gid://syiq/Photo/319977">After taking over the reins of the company in 2005, Sedat turned the shipyard into the superyacht facility it is today and was the driving force behind its first new-build: the award-winning 73-metre <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> with exterior styling by <a data-gid="gid://syiq/Company/1340" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sterling / Scott (Company)">Sterling Scott</a> and interiors by <a data-gid="gid://syiq/Company/19" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Pinto (Company)">Alberto Pinto</a>. Most recently <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> delivered the 47-metre explorer <a data-gid="gid://syiq/Yacht/3834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="King Benji46.7m (153'3&quot;)Dunya Yachts2024">King Benji</a> with exteriors by <a data-gid="gid://syiq/Company/62" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gregory C. Marshall Naval Architect Ltd. (Company)">Gregory C. Marshall</a> and interiors by <a data-gid="gid://syiq/Company/329" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Design Unlimited (Company)">Design Unlimited</a>. Other projects underway include a 48-metre catamaran support vessel (<a data-gid="gid://syiq/Yacht/11337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01045.43m (149'1&quot;)Dunya Yachts">DY010</a>), also by <a data-gid="gid://syiq/Company/62" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gregory C. Marshall Naval Architect Ltd. (Company)">Greg Marshall</a>, and a 90-metre flagship (<a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01290.0m (295'3&quot;)Dunya Yachts2026">DY012</a>) by <a data-gid="gid://syiq/Company/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tim Heywood Design Ltd. (Company)">Tim Heywood</a> with an <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a> interior. Over the last decade <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> has further established itself as a centre for complex refit projects, most notably the restoration of <a data-gid="gid://syiq/Yacht/4894" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cacouna36.2m (118'9&quot;)Camper & Nicholsons Shipyard1932">Cacouna</a>, the 1938 classic yacht by <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a>.<img src="https://photo-assets.superyachttimes.com/photo/292807/image/large-41e55fa461c986c55408cba1a0578e73.jpeg" data-gid="gid://syiq/Photo/292807">Sedat studied in the US and spent time as a project manager in the construction industry specialising in enterprise resource planning (he is also a champion skier and part of his office is devoted to a workshop for preparing his ski equipment). This experience gave him an international outlook and business-savvy approach that was rare among Turkish yacht builders when he set up <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya Yachts</a>. Although he generally prefers to keep a low profile, we sat for a candid discussion during a recent visit to the shipyard.Why did you decide to diversify into superyachts and set up&nbsp;<a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya Yachts</a>&nbsp;in the first place?&nbsp;The family shipbuilding and repair business was successful, but I wanted to create a top-end facility to show how serious we were about building high-quality yachts. With the exception of <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a> [then Proteksan Turquoise], 20 years ago Turkish shipyards building yachts were rough-and-ready places with none of the modern infrastructures you see today. Another issue was the lack of management skills. Working in the construction industry taught me that good project management is essential, which is why we’ve always had a strong planning department at <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a>. The industry has matured and today we can compete with the best. Competition from brands like <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a> and <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> is the kind of competition I like, because the more good they do, the better it is for <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> – as long as they price higher than me! <img src="https://photo-assets.superyachttimes.com/photo/206943/image/large-915ce93daa513b3d4b707f949e1e9b4f.jpg" data-gid="gid://syiq/Photo/206943">Turkey is now rated the second-largest yacht building nation behind Italy and ahead of the Netherlands. How do you account for that growth?We know how to build boats, but Turkey also did well before the 2008 financial crisis from the overflow of enquiries in Europe, meaning when European yards hit capacity people start looking for alternatives and Turkey is ideal in terms of cost and location. The same thing is happening now. Back in 2005 you had more or less the same builders in Holland and Germany as you have today, but here the number of yards has exploded. You have guys renting a shed and trying to build 80 or 90-metre yachts, then 18 months down the road they’re out of business, which is not good for our reputation.&nbsp;That demand has also led to a shortage of skilled workers and subcontractors, which is pushing up prices. It’s easy to see why: If I’m making a decent wage and I’m happy with that wage but everyone is calling me offering me more, then I raise my prices, right? I had a fleet manager in here recently enquiring about a refit and he was amazed that it cost more than in the Mediterranean. I wasn’t surprised because we can be very opportunistic. <img src="https://photo-assets.superyachttimes.com/photo/40970/image/large-2488d27fe8d69d506dc2cae2d005bf26.jpg" data-gid="gid://syiq/Photo/40970" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;">In the past owners have built yachts in Turkey primarily to save money. Is that still the case?It’s true we don’t get the big budgets, but the price difference is less now than it used to be and the Italians can be very flexible with their pricing. Even when there is zero price difference between Italy and Turkey, 80 percent of clients will choose to build in Italy; not because of the quality, but because Made-in-Italy is a brand and Made-in-Turkey isn’t. By the same token, we can build to the same quality as <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> or <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>, but our production times are longer because we’re not as efficient as they are. I’ve tried to create interest in a Turkish yacht builders’ association like SyBASS, which <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> is now eligible to join, so that at least we have a common marketing strategy, but that’s mostly fallen on deaf ears.<img src="https://photo-assets.superyachttimes.com/photo/121707/image/large-6b32855c521010b7e5ece9ca84d33acd.jpg" data-gid="gid://syiq/Photo/121707" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;">Some industry people don’t like to hear this, but we’re basically in the assembly business. You have class A, class B and class C subcontractors, materials and equipment. But if you go with class C in Turkey, you’re going to end up with a class D product. At <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> we project manage the best designers and subcontractors and put it all together in a first-rate facility. That’s why for <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> I chose <a data-gid="gid://syiq/Company/19" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Pinto (Company)">Pinto</a> for the interior and List for the outfitting, two of the most expensive contractors in the business. That has paid dividends and <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> is already full for the coming charter season with a lot those charter guests signing up because they have homes designed by <a data-gid="gid://syiq/Company/19" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Pinto (Company)">Pinto</a>. <img src="https://photo-assets.superyachttimes.com/photo/121706/image/large-c2acb8f9d84d72b04c3c986fc02192c0.jpg" data-gid="gid://syiq/Photo/121706" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;">You recently delivered the explorer yacht <a data-gid="gid://syiq/Yacht/3834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="King Benji46.7m (153'3&quot;)Dunya Yachts2024">King Benji</a>, but you also have an aluminium catamaran and a 90-metre project that are being built on spec. What does that say about production at&nbsp;<a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a>?That we’re custom builders and every yacht I build has to be different. It’s very difficult to sell boats on paper in Turkey, so I also have to build on spec. It can easily take a year from an initial meeting to a signed contract – and a lot can happen in Turkey in one year! If you have a yacht already in build the process moves much more quickly. <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> was built on spec and when I took her to the Monaco Yacht Show she was owned by the yard. The 90-metre project is a classic <a data-gid="gid://syiq/Company/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tim Heywood Design Ltd. (Company)">Tim Heywood</a> design with broad appeal that I acquired from <a data-gid="gid://syiq/Company/429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ICON Yachts (Company)">Icon Yachts</a> and we’re finishing her with a bigger stern platform and a Sander <a data-gid="gid://syiq/Company/926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sinot Yacht Architecture & Design (Company)">Sinot</a> interior. We have the finances to take that project all the way if we have to. <img src="https://photo-assets.superyachttimes.com/photo/64454/image/large-da4aae10b3c7040a7fb6fb68659a31f2.jpg" data-gid="gid://syiq/Photo/64454">The catamaran was started as a supply vessel that got cancelled. We’ve now transferred the ownership and it now belongs to me. My sales pitch is that it’s a sub-500GT vessel with the same carrying capacity as a 75-metre <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen</a> that can carry 82 tons of toys and still do 21 knots. Further, I built the bow and stern of 80-metre Project Warrior by <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øeino</a> at the same time as <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> and we now have a green light from Lloyds to start that up again – you need to have one big boy on the go all the time. We’re also talking to a client for a repeat of KB6 [<a data-gid="gid://syiq/Yacht/3834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="King Benji46.7m (153'3&quot;)Dunya Yachts2024">King Benji</a>] but over 500GT. <img src="https://photo-assets.superyachttimes.com/photo/304087/image/large-99577c3684b4bb2ab491a3ec101ef0c8.jpg" data-gid="gid://syiq/Photo/304087">I want to prioritise quality over quantity and have three custom projects on the go at any one time with good budgets and decent margins. I also want to be closely involved in those projects because I love the project management side. That’s one thing I like about the smaller boats: you have direct contact with the client and If there’s an issue you sort it out face to face. That just doesn’t happen with a 90-metre.<img src="https://photo-assets.superyachttimes.com/photo/64452/image/large-a3d14ae974677cee7562aba6da6c23a0.jpg" data-gid="gid://syiq/Photo/64452">This article is featured in Issue 49 of the SuperYacht Times newspaper. You can find a full archive of all previous SuperYacht Times newspapers <a href="https://www.superyachttimes.com/newspaper" target="_blank">here</a>.

Sergat Ergun and Dunya Yachts

Justin Ratcliffe visits Dunya shipyard  and finds out about the launch of King Benji.

Sedat Ergün of Dunya Yachts: “Competition from brands like Turquoise is the kind I like”

For the past two decades Massimo Perotti has led the Italian shipyard <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> from strength to strength, helping to forge a reputation for excellence that is globally recognised. Recognised as the Entrepreneur of the Year award in 2019, honouring his dedication to inspiring his team with an innovative spirit and strategic vision, Massimo is known for taking risks, pushing his company into unknown waters and for taking the lead in the move toward a more sustainable future for the entire superyacht sector.&nbsp;We recently sat down with Massimo to understand a little more about where this unstoppable drive comes from, why he has personally invested so deeply in the future of technology and his approach to yachting as an art form.<img src="https://photo-assets.superyachttimes.com/photo/319402/image/large-c1f81edb2276e01905c8b8fc3761ada7.jpg" data-gid="gid://syiq/Photo/319402">What motivates you to keep innovating, and how do you approach taking such significant risks in a traditionally conservative industry?Innovation has always been at the heart of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s operations, making it one of our distinctive traits in the yachting market and one of our strengths for business growth. What drives our constant search for innovation is the desire to push the boundaries of what is possible in both yacht design and engineering, while meeting the evolving needs and desires of our clients. The passion for creating something unique and exceptional motivates us, and at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> we are always looking for new solutions to blend luxury, performance and sustainability in ways never seen before.Introducing industry-changing solutions means taking a proactive approach to technological advancements, thanks to a delicate balance of vision, planning and collaboration. We’re proud and grateful about the relationship we have with our owners, who share with us the excitement of being pioneers for new technologies and models. <img src="https://photo-assets.superyachttimes.com/photo/319400/image/large-61e24b536e7293fae90291fd0d189ce5.jpg" data-gid="gid://syiq/Photo/319400"><a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>&nbsp;has introduced groundbreaking features over the years, can you share the process and challenges involved in bringing these ideas to life?The strong drive for innovation has always characterised the company's vision and has allowed it to introduce numerous solutions over the years, profoundly changing the yachting sector. These include the new SL86A, which will be presented at <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival 2024</a>, and the creation of yachts with asymmetric lines, which rewrote the conventional on-board balances, redesigning spaces and offering new perspectives and ways of living the sea. <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> is particularly proud to present to the world, among all the other innovations, the new 50Steel, the world's first superyacht equipped with a green methanol Reformer Fuel Cell system which will be the trailblazer for the future of yachting.As with other <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s innovations, these projects started with an idea, often inspired by constant dialogue with our clients, as well as design trends and technological advancements, and is then nurtured by our passion for innovation. The search for new solutions is a constant commitment at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and involves all the people of the Group, who are called upon to contribute during the ideation, design, development and final implementation stages. Whatever the challenge, the final result must lead to the creation of a product capable of amaze for its groundbreaking innovations and timeless design, flagships of top-level Made in Italy.<img src="https://photo-assets.superyachttimes.com/photo/319399/image/large-83871898543b8a32563b02ae10f1e06f.jpg" data-gid="gid://syiq/Photo/319399">The asymmetry concept and the implementation of fuel cells on the new 50Steel&nbsp;<a data-gid="gid://syiq/Yacht/11733" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almax49.99m (164'0&quot;)Sanlorenzo2024">Almax</a>&nbsp;are remarkable achievements. Can you share some of the R&amp;D efforts and investments required to make these innovations a reality?The introduction of the asymmetric concept in the yacht market is the result of the successful collaboration between creative designers with diverse experiences and perspectives and was a true revolution, especially because it broke the traditional bilateral symmetry typical of most yachts. Our focus on asymmetrical design allowed for the optimal use of all available spaces on board, both external and internal, creating a direct connection with the sea: a feeling that our clients increasingly appreciate and want to experience. The development and realisation of the entire asymmetrical project, required an intense effort and an ongoing commitment. Something like this, able to permeate our yachts in their wholeness, had never been done before.&nbsp;As for the Reformer Fuel Cell system, we have been evaluating this technology since 2018, and then invested from 2021 in the development of the methanol Fuel Cell technology thanks to an exclusive partnership signed with Siemens Energy and an EU funded project. The result is <a data-gid="gid://syiq/Yacht/11733" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almax49.99m (164'0&quot;)Sanlorenzo2024">Almax</a>, the first superyacht to use a green methanol Fuel Cell system, completely carbon neutral, which allows generating up to a maximum of 100kW to power all the hotel services on board, covering about 90% of the typical usage time of a superyacht. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/264791/image/large-203d57a7f2c50f8d96cf0536912508c3.png" data-gid="gid://syiq/Photo/264791">What future sustainable technologies do you foresee in yacht design?Sustainability will become an increasingly crucial driver of growth in the yachting sector in the near future, because it is the new generations of yacht owners who are demanding it. Although yachting accounts for only 0.22% of the total GHG emissions of the entire shipping sector, with our strategic plan "Road to 2030," <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has made it its mission to pave the way towards carbon neutrality, making sustainability one of the pillars of its business development. Again, the 50Steel project is a first concrete expression of this commitment.Based on our vision and direct experience, in the next five years we will witness a significant shift; companies producing marine engines are investing more and more in the development of dual fuel solutions, with methanol replacing the traditional diesel propulsion. In the next 8 years, considering the significant acceleration of technological innovation in our sector, it is likely that propulsion powered 100% by methanol will be adopted. The key goal of all shipyards will be to reduce the overall CO2 emissions of their yachts, considering the life cycle of the materials and products used, and engaging the supply chain in a conversion process, which we are already supporting and promoting.<img src="https://photo-assets.superyachttimes.com/photo/264793/image/large-7b388e4e8e0f857aea196f197db4c275.png" data-gid="gid://syiq/Photo/264793">How does <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> balance the demand for luxury and performance with the imperative to reduce environmental impact?&nbsp;Our ongoing commitment towards sustainable solutions is, of course, intertwined with the indistinguishable identity of the brand, symbolised by elegance and timeless design. One of the most effective examples of how <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> manages to combine luxury, performance, and sustainability is the 50Steel, an advanced model not only from a technological standpoint, but also in terms of exterior and interior design. Another extraordinary example is our SP110: an advanced, evolved, and revolutionary proposal that combines green sensitivity with unparalleled comfort and performance. It features a fractional propulsion system composed of three significantly smaller engines, which allow for great flexibility and reduced consumption. SP110 has recently been awarded the prestigious Compasso d'Oro by the ADI Design Museum in Milan, which celebrates virtuous projects that combine quality, innovation, and cultural impact.Can you provide insights into any ongoing or upcoming projects at&nbsp;<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>&nbsp;aimed at further enhancing sustainability in your yacht designs?We have several projects currently under development or implementation aimed at further enhancing sustainability. Indeed, we have already signed a second agreement with Siemens Energy for developing even further the Reformer Fuel Cell system, to be completed by 2026, with the goal of expanding the application range of Fuel Cells and thus further reducing size, weight, and costs.&nbsp;As further evidence of our commitment to reducing the environmental impact of our activities, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has recently signed a €91.5 million agreement with the Ministry of Enterprises and Made in Italy (MIMIT). This agreement aims to implement an ambitious industrial investment program focused on maximum sustainability and technological innovation, particularly regarding green fuels and materials applied to product development, as well as the digitalization of services and processes.&nbsp;All these investments and efforts are aligned towards one ambitious goal: to deliver the first carbon-neutral powered ship by 2030.<img src="https://photo-assets.superyachttimes.com/photo/319401/image/large-309bbab7a30e3a2a1bb5cb643b84c888.jpg" data-gid="gid://syiq/Photo/319401">How do you integrate art into your yacht designs, and why do you believe this connection is essential for the brand?Here, too, we have been pioneers for the entire industry, embracing the world of design and architecture, and entrusting the interior projects of our yachts to authoritative international names such as <a data-gid="gid://syiq/Company/1937" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dordoni Architetti (Company)">Dordoni Architetti</a>, <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">Antonio Citterio Patricia Viel</a>, <a data-gid="gid://syiq/Company/78" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lissoni & Partners (Company)">Piero Lissoni</a>, <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">Patricia Urquiola</a>, <a data-gid="gid://syiq/Company/5705" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Michele Bonan (Company)">Michele Bonan</a> and <a data-gid="gid://syiq/Company/331" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liaigre (Company)">Studio Christian Liaigre</a>, among many others. This insight allowed for the introduction of new languages and stylistic elements on board, profoundly transforming the classical interpretation of the interior space of a top-class yacht. &nbsp;This fervent contamination with the world of design and architecture has progressively led our shipyard to explore the art world more broadly and deeply. Eventually, we decided to become a true producer of culture and design, inspired by <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>'s principle of “exploring the present by continuously surpassing its boundaries'': the crowning achievement of this journey, in 2025, will be the opening of Sanlorenzo Arts Venice, the Group’s hub located in Venice which aims to be a vital cultural institution. The constant dialogue with the protagonists of art and design represents a continuous source of cultural enrichment for <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, generating new ideas that are then reinterpreted on board our yachts. Our close relationship with the art world is a key element in continuing to fuel the creative vein that makes our shipyard a recognised leader in the sector of design, elegance, and luxury style made in Italy.<img src="https://photo-assets.superyachttimes.com/photo/280998/image/large-fd12ba31df7fd056815438b645967d03.jpg" data-gid="gid://syiq/Photo/280998">What have been some of the most significant challenges you've faced in your journey of innovation and risk-taking and how have you overcome them?One of the biggest challenges we faced in the recent past was the realisation of the second unit of the line 57Steel, a superyacht which features 5 decks and a tonnage of 1,050 GT conceived as an ambitious project to combine technological development, passion, design vision, comfort, and a sensitivity to sustainability. We have had fantastic success with this model, with two yachts delivered and another two under construction.&nbsp;In detail, the realisation of this unit presented significant challenges from an engineering and technical perspective, such as the relocation of the wheelhouse to an additional deck, the Bridge Deck, allowing the Upper Deck to be entirely dedicated to the owner. Another element that defines the uniqueness of this yacht is the resin floor, a new material for yacht construction, the realisation of which required modifications to the traditional production process. Moreover, one of the features most appreciated is the extraordinary 110 metres–squared beach area, created by opening hatches on three sides which become small beaches on the water's edge.&nbsp;But one of the most interesting challenges was meeting the clients' request for a "masterpiece" within the boat: we identified the central staircase as the key element around which to pivot the surprise effect. The project thus features an imposing central custom-made staircase defined by soft curves, that connects all the decks of the vessel. It was a stimulating challenge not only from a formal and stylistic perspective but also from an engineering and craftsmanship standpoint, due to the complexities arising from placing such a sculptural staircase in such a compact space. The final result is an incredible yacht, one of the most astonishing the market has even seen. <img src="https://photo-assets.superyachttimes.com/photo/280981/image/large-a35c93330efb741458c3ed65920509e3.jpg" data-gid="gid://syiq/Photo/280981">Finally, what is your vision for the future of&nbsp;<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, and what new frontiers do you aim to explore in yacht design and technology in the coming years?First of all, it is essential to recognise that the future of yachting belongs to the new generations of yacht owners who use their yachts up to 120 days a year, to spend time with their friends and families as well as to work and stay in contact with their colleagues and clients. Vessels, as a consequence, are becoming an increasingly significant part of their owners' lives, who will continue to demand more and more sustainable solutions in terms of materials, energy generation, emission reduction, and consumption optimisation.&nbsp;For this reason, the continuous innovation that <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> will bring to the market will have to go along with the development of more sustainable solutions, as already said. That, while remaining faithful to our core values and distinctive traits. <img src="https://photo-assets.superyachttimes.com/photo/311871/image/large-91b6d90eafa2f70d45e61ed863a67a6c.jpg" data-gid="gid://syiq/Photo/311871">How do you see the role of&nbsp;<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>&nbsp;evolving in the global yachting industry, and what legacy do you hope to leave behind as a pioneer of innovation and design?<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>'s vocation is to be a pioneer in the global yachting industry and we are determined to continue to play this role, which is recognised not only by the industry, but by shipowners around the world. Our constant approach to finding cutting-edge solutions in design, technology and sustainability, and our revolutionary spirit, so to speak, that leads us to think outside the box and achieve the unthinkable, have inspired other players to follow in our footsteps. Our path to create a sustainable future for the nautical industry is conceived with a holistic approach: an example is the creation of the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Foundation, which aims to help and support all those territories which are strictly connected to the sea. The Foundation is strongly supported by our owners, a sign of the great connection of values which ties the shipyard to the clients.&nbsp;

Massimo Perotti of Sanlorenzo interview

We recently sat down with Massimo to understand a little more about where this unstoppable drive comes from.

Massimo Perotti on his approach to innovation, sustainability and taking risks

Established in 2007 in Viareggio, Italy, <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> originated from Cantiere Fratelli Rossi, a shipyard founded in the 1980s. Initially serving as a subcontractor, specialising in crafting steel and aluminium hulls and superstructures for other yacht builders. <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> has since focused on constructing fully custom superyachts using these materials. Notable projects include the 70-metre <a data-gid="gid://syiq/Yacht/2550" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="High Power III70.0m (229'8&quot;)Rossinavi2011">High Power III</a> (formerly Numptia) and the 63-metre <a data-gid="gid://syiq/Yacht/5696" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Utopia IV63.0m (206'8&quot;)Rossinavi2018">Utopia IV</a>.Earlier this year, <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> expanded its portfolio by introducing <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a>, a new brand that marks a significant shift into the semi-custom market. This line offers five models, each ranging from 30 to 45-metres in length, designed by <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni</a>.<a href="http://superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">Superyacht Times</a> Features Writer Enrico Chhibber met with Federico Rossi, Chief Operating Officer, and Cristian Meriggi, Head of Marketing at <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>, to discuss the company's strategic decision to enter the semi-custom yacht production market, the impact on <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>'s capacity to build fully custom yachts, and future plans.<img src="https://photo-assets.superyachttimes.com/photo/302251/image/large-e64f4a62ba36eca8ff6666a5a12184c4.png" data-gid="gid://syiq/Photo/302251">Rossi attributed the strategic decision to establish the semi-custom brand <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a> to thorough market analysis. He noted,”We realised that this segment lacked high-performance yachts with true marine capability and metal construction, akin to fully custom yachts.”&nbsp;Moreover, he elaborated that <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> had received numerous inquiries from potential clients. “The full-custom superyacht is a type of product that generally appeals to experienced owners who are familiar with the sea and have already owned other yachts. These owners know exactly what they want from their customised vessels. To cater to this clientele, we design vessels with a high aptitude for the sea, summarising all the needs identified over decades in the industry.”<img src="https://photo-assets.superyachttimes.com/photo/80766/image/large-e6913114a360c0b91f052161ffb76309.jpg" data-gid="gid://syiq/Photo/80766">When recounting the decision to launch <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a> as a new brand rather than a line, Rossi clarified that the vision behind <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a> targets a new market segment. “This brand provides a fleet with a high marine attitude, positioned midway between explorer and superyacht styles, categorising <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a> in the crossover segment.”<img src="https://photo-assets.superyachttimes.com/photo/302254/image/large-83b607f510a1020af72f732f94dd83fd.png" data-gid="gid://syiq/Photo/302254">Regarding the origin of the name <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a>, Rossi explained that it was chosen based on two main factors. First, <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> was already accustomed to building fully custom superyachts, and the concept of a semi-custom line meant doing so without limitations, even in the replicable models. Second, these yachts are designed without optional features; everything is integrated, reflecting their commitment to seamless navigation. “The name <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a> encapsulates this philosophy of unrestricted navigation." For Rossi, the name is easy to pronounce and recognisable worldwide, making it an ideal choice that effectively represents our brand.”<img src="https://photo-assets.superyachttimes.com/photo/319441/image/large-840e7f33bc9ea101a324c43ca8682ccb.jpg" data-gid="gid://syiq/Photo/319441">&nbsp;According to Rossi, the decision to partner with <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni</a> for the exterior design of the Nolimits series stems from a mutual respect 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/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">De Simoni</a>. <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">De Simoni</a> has been involved in designing multiple superyachts for <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>, including the exteriors of the 49.9-metre <a data-gid="gid://syiq/Yacht/11169" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bel149.9m (163'9&quot;)Rossinavi2024">Bel1</a>, the 49-metre <a data-gid="gid://syiq/Yacht/5953" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aurora49.0m (160'9&quot;)Rossinavi2017">Aurora</a>, and the recently launched 42.75-metre <a data-gid="gid://syiq/Yacht/12135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf X42.75m (140'3&quot;)Rossinavi2024">Seawolf X</a>. Rossi added that: “He has been able to harmonise these lines, transforming the typically wide and tall profiles of large boats into more attractive silhouettes. This approach was particularly effective with the catamaran <a data-gid="gid://syiq/Yacht/12135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf X42.75m (140'3&quot;)Rossinavi2024">S</a><a data-gid="gid://syiq/Yacht/12135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf X42.75m (140'3&quot;)Rossinavi2024">eawolf X</a>, a vessel that generally tends to be quite bulky.”<img src="https://photo-assets.superyachttimes.com/photo/306191/image/large-bda13dca99c83c0663816794a554f95a.jpg" data-gid="gid://syiq/Photo/306191">As for how <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a> would impact <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>’s construction capacity, Rossi revealed that <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> has a dedicated area for building yachts under the <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a> brand. They can construct up to four units simultaneously in both Viareggio and Pisa, with the first model already under construction in Viareggio.<img src="https://photo-assets.superyachttimes.com/photo/311874/image/large-e5727a5f4b325cf4fb707906bac8f66e.jpg" data-gid="gid://syiq/Photo/311874"> Earlier this year <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> built and launched their first multi-hull superyacht, the 42.75-metre<a data-gid="gid://syiq/Yacht/12135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf X42.75m (140'3&quot;)Rossinavi2024">&nbsp;Seawolf X</a>. When asked if the yard aims to continue constructing catamarans, Rossi noted that the shipyard intends to pursue this direction, with a focus on envisioning and developing new propulsion systems. Rossi added that the catamaran concept stems from a vision of more sustainable luxury. He emphasised that catamarans are the ideal platform to integrate technologies involving power management and artificial intelligence with machine learning, to identify potential savings in electrical consumption and diesel fuel use. Given its suitability for this purpose, Rossi sees the catamaran as a cautious but growing trend. As a result, <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> has decided to invest in various solutions based on the same Seawolf platform.The conversation then progressed to the adoption of new technologies, such as AI onboard, an area in which <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> has been actively involved. Rossi explained that <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>’s R&amp;D department is located at their facility in Viareggio, where they have established partnerships with leading companies in this field. <img src="https://photo-assets.superyachttimes.com/photo/304348/image/large-2df9ff142fc9a4b8beb9c731583a8aad.jpg" data-gid="gid://syiq/Photo/304348">For Rossi, the issue with artificial intelligence in the nautical world arises when importing software. The problem is ensuring that a yacht equipped with an AI system can guarantee compatibility and upgrades for the next 15 to 20 years with all other devices. “You can't just rely on any software house to promise this unless it's a trusted name like Microsoft or Apple. There's no equivalent level of trust for others in this field. Therefore, we designed our AI system to be 70 percent hardware,” stated Rossi. He further added, “We built the system so that the software component operates on an open circuit, integrating all devices. There is also machine learning software, which can be swapped out with another one without losing compatibility, though it may lose some memory of previous operations. Ensuring data compatibility is essential, but the electronic brain will still function. This was a challenge we had to address immediately.”<img src="https://photo-assets.superyachttimes.com/photo/302256/image/large-c180dfb40be0829b195dd36ae1774bfa.jpg" data-gid="gid://syiq/Photo/302256">Regarding future plans and developments, Rossi revealed: "We have built new sheds at our facilities in Pisa, not for significant production expansion, but to work more efficiently. Production expansion is very complex. It is an appetite that comes easily, especially in good market conditions, but then you have to meet the commitments made." He elaborated, "Therefore, a supposed upgrade has been more about managing one extra delivery per year. However, this isn't always the case. For example, there might be a year where we deliver four boats instead of three, but the following year, we might not deliver any."<img src="https://photo-assets.superyachttimes.com/photo/302253/image/large-cf8eeee88a50cd5c92a78d37b73a7ae6.png" data-gid="gid://syiq/Photo/302253">Rossi further highlighted: “We've had to address the need for space to handle potential increases in deliveries within a year. Sometimes, this happens due to overlapping orders. We have a plan to manage all our deadlines to fill the slots, but since not all projects are the same, you might end up delivering three, four, or five boats in a given year. When production flexibility is required, you might end up with four deliveries at once, necessitating four sheds to store them.”<img src="https://photo-assets.superyachttimes.com/photo/304363/image/large-152f32251fc60bdfd6592882cef55ac9.jpg" data-gid="gid://syiq/Photo/304363">Concerning the potential expansion of building superyachts over 80-metres, Rossi noted that it is beyond <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>'s current capabilities. "I believe that up to around 2500 GT in tonnage is a limit that we cannot support with our current infrastructure. However, with our know-how, it might still be possible.""As absurd as it may seem, it's difficult for me to build both a 16-metre and a 130-metre yacht. Everyone has their own target. I truly appreciate the shipyards that can be this flexible because it is a complicated profession," Rossi concluded.<img src="https://photo-assets.superyachttimes.com/photo/319440/image/large-2b106c4521a76a271314754508adb327.jpg" data-gid="gid://syiq/Photo/319440">

Rossinavi COO on establishing Nolimits: "The vision targets a new market segment"

Superyacht Times met with Federico Rossi  to discuss the strategic decision to enter the semi-custom yacht production market.

For our latest instalment, Francesca Webster sits down with Michael di Luca, founder of superyacht crew recruitment agency <a data-gid="gid://syiq/Company/7555" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="mycrewagency. (Company)">mycrewagency</a>.&nbsp;From tradesmen, to trader, to superyacht recruiter. Since founding <a data-gid="gid://syiq/Company/7555" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="mycrewagency. (Company)">mycrewagency</a>. in 2017, the company has flourished into one of the best known names in the sector, with a new 30 person office in the UK and the largest social media presence in the superyacht recruitment industry. We sat down with founder Michael di Luca to find out about his career, his perspective on the superyacht recruitment and his plans for the future of the business. <img src="https://photo-assets.superyachttimes.com/photo/302798/image/large-bac26e89288c464c1544d87ada1a5b7a.jpg" data-gid="gid://syiq/Photo/302798">Please share your journey to entering the yachting industry and what sparked the idea of opening a crew recruitment firmI started my career as a plasterer, believe it or not. I come from a small area of London and for many people, the path of a tradesman is the expected one, but I realised that working as a builder wasn’t what I wanted to do. I didn’t want to be someone that looked back and regretted their path and because I had that fear from early on, I knew I had to make a change.&nbsp;I decided that finance would be a great career, and I pursued it, getting the relevant qualifications from the Chartered Institute of Securities and Investments and eventually started work as a commodities broker and loved it. I loved the pace of the role, the competitive nature of trading and being pushed to work hard and close accounts.&nbsp;Over the years I worked up the ladder, eventually deciding to make the move into offshore investment banking. A lot of my clients had superyachts and over the years of managing their portfolios, they’d talk to me about their yachts and the struggle they faced with crew recruitment and management.&nbsp;I started to look into the available recruitment agencies in the hope of giving my clients recommendations, but I was specifically looking for regulated agencies who had professional recruitment qualifications, and I couldn’t find any. That is where the spark was ignited, to fill that gap in the market and establish a crew recruitment agency that demanded high qualifications and regulated standards.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/302799/image/large-62a9ef5163ae10c6e7c1a25cd2738899.jpeg" data-gid="gid://syiq/Photo/302799">With no prior yachting experience, how did you get those first clients?The first thing back in 2017 was to get the qualifications through the Recruitment Employment Confederation, and of course learn about recruitment. I spent some time understanding the business of yachting before approaching any potential clients. In the first year I reached directly out to captains, and then gradually built a reputation, getting referred from captain to captain, after which time I reached out to my previous clients with my portfolio.&nbsp;It was important to me not to start with my previous clients from banking, because I wanted to know I was able to provide them the service they had been missing, and I was worried they would just tell me what I wanted to hear without being truly critical of the business – which would have created a weak foundation for the company.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/319130/image/large-d3fcf4b1351d55f81ad65d9f7d9e54e6.jpeg" data-gid="gid://syiq/Photo/319130">Could you elaborate on some key milestones and challenges that have shaped the company's journey so far?One of the biggest challenges we faced is that we had limited resources when we started off, so we hired remote contractors. We had people in France, the US, New Zealand, Spain etc, and because I was aggressive in my mentality to both growth and the standards we upheld, it became really difficult to manage. Over time it became apparent that many of those people weren’t looking for a career per se, and so it was challenging to get them onboard when it came to the qualifications, which have always been very important to me.&nbsp;Then trying to generate a company culture within a remote working environment was almost impossible, especially as we had nearly 30 remote contractors at one point.&nbsp;I definitely got carried away in that respect because I ended up fighting fires all the time, eventually we brought in a compliance officer to ensure that everyone was working to our established standards, and it highlighted a lot of leaks that needed to be plugged.&nbsp;I decided to scrap the remote working structure with a view to hiring office based employees who we could invest into with a view to creating a unique and meaningful company culture of which to use as a foundation to grow from, and gradually things began to change.&nbsp;We also decided to flip our own recruitment process on its head; instead of teaching ex. superyacht crew about recruitment, we then hired professional recruiters or individuals from a corporate background and taught them about yachting. The entire experience was a major learning curve for me, especially when it comes to managing a team at the highest level, and in a way it humbled me. It wouldn’t be the company it is today if we hadn’t faced those challenges.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/302797/image/large-d6aeb1ae4678657e5dcae5b34b69b520.jpeg" data-gid="gid://syiq/Photo/302797">Do you think it's to your advantage or disadvantage that you came from outside yachting?I really see it as a superpower, because it allowed me to view the industry through a completely different lens. There are absolutely benefits to coming from inside yachting, but I can hire those experts with that nuanced experience and learn from them. However, when it comes to understanding the corporate structure and commercial viability of a company, my background puts us in a fantastic position which I believe is a key factor to our success and one of many reasons why we stand out from the other recruitment agencies in our sector.&nbsp;Social media has been a big tool employed by the company. Can you tell me a bit about your strategy and why you think social media has such value in today’s market?First and foremost, I’ve always been aware that consumer culture changes and in order to succeed as a new business and beyond, you need to be at the forefront of those changes. I set out from the start with the audacious belief that we needed to be number one on social media, because I believed that it is the best way to show people what you do in a scalable way.Consistency was clearly a major factor of growth and so that is what we did, we have been consistent since the start, sharing a clear message and the growth has demonstrated that we’ve done it right. We are very proud to have created the largest and most meaningful social media following in the superyacht recruitment space, globally.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/319132/image/large-12786a58b41977e8d415b5a954b1e7d8.jpeg" data-gid="gid://syiq/Photo/319132">What are some of the biggest challenges that recruiters and captains face in the current climate - we have seen a shortage of crew over recent years for example?There have absolutely been shortages in terms of crew, and particularly in well qualified and experienced crew who are looking for a longer career onboard. As a result we are seeing poaching of the good crew and yachts fighting for committed crew members. On the other hand, salaries are better than ever and while not all yachts are equal, there is generally a lot more awareness today about the importance of quality crew living areas and rotation.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/302795/image/large-34a000e86bdc5a8aed92dfe7857cde15.jpeg" data-gid="gid://syiq/Photo/302795">In January you announced a new Recruitment Retainment Fee, how has the response been?Overwhelmingly good from captains and management teams, to the point that we are going to have to put a cap on new business in the coming weeks, which is an amazing problem to have and tells me we are going in the right direction. Unsurprisingly, there has been significant &nbsp;pushback from the crew recruitment sector itself, with a number of companies commenting across our socials to tell us how bad the new structure is. However, that only validates my founding opinion that we have a different approach to these businesses who believe that there are other ways of doing things. I am not dissuaded from the path we are on and I believe that our approach to researching the market and speaking with stakeholders was and is the correct path. &nbsp;Time, and the market will ultimately tell but so far, things could not be more positive and demand has outpaced even my own aggressive targets. &nbsp;Finally, what advice would you give to prospective entrepreneurs in the yachting industry?Have the right intentions. Especially in the crew recruitment sector where businesses appear and disappear every year. I truly believe that we are where we are because we set out with the goal of improving the business of superyacht recruitment, and have stuck firmly to that intention.&nbsp;This article is featured in&nbsp;Issue 49&nbsp;of the&nbsp;<a href="http://superyachttimes.com/" target="_blank">SuperYacht Times</a>&nbsp;newspaper.&nbsp;You can find a full archive of all previous SuperYacht Times newspapers&nbsp;<a href="https://www.superyachttimes.com/newspaper" target="_blank">here</a>.&nbsp;

Entrepreneur in Yachting: Michael di Luca of mycrewagency

For our latest instalment, Francesca Webster sits down with Michael di Luca, founder of superyacht crew recruitment agency mycrewagency. 

The 30-metre <a data-gid="gid://syiq/Company/1364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Permare s.r.l. (Company)">Permare</a> motor yacht <a data-gid="gid://syiq/Yacht/4790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Debra One 30.0m (98'5&quot;)Permare s.r.l.2013">Debra One</a> has entered the market with Remy Becquet of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>. <img src="https://photo-assets.superyachttimes.com/photo/332674/image/large-657764f44727a257dea874308e435870.png" data-gid="gid://syiq/Photo/332674"><img src="https://photo-assets.superyachttimes.com/photo/332663/image/large-a9e4524f903e32234be2cac472cbad31.png" data-gid="gid://syiq/Photo/332663">Delivered in 2013 by Italian shipyard as part of their Amer Cento series, the <a href="https://www.superyachttimes.com/yachts/debra-one/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Debra One for sale</a>, formerly named Lady Liudmila, features exterior design and naval architecture by <a data-gid="gid://syiq/Company/1365" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Verme Projects (Company)">Verme Projects</a>.<img src="https://photo-assets.superyachttimes.com/photo/332671/image/large-98977e4a66f86a48ab196378c0c51a73.png" data-gid="gid://syiq/Photo/332671"><img src="https://photo-assets.superyachttimes.com/photo/332665/image/large-f3d2478d9aec03ca624f09179d45871c.png" data-gid="gid://syiq/Photo/332665"> <img src="https://photo-assets.superyachttimes.com/photo/332661/image/large-4b0604cc4528bbfa963922e85d1209c7.png" data-gid="gid://syiq/Photo/332661">With a volume of 70 GT and a beam of seven-metres, the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is able to sleep as many as eight guests across a four stateroom layout. Moreover, two cabins are provided to support a crew of up to four members.<img src="https://photo-assets.superyachttimes.com/photo/332656/image/large-02d95f891fa2db549d6990104d133dfb.png" data-gid="gid://syiq/Photo/332656"> <img src="https://photo-assets.superyachttimes.com/photo/332648/image/large-f55b5961620d300ffed5ed54dd3c2aec.png" data-gid="gid://syiq/Photo/332648"><img src="https://photo-assets.superyachttimes.com/photo/332655/image/large-45d96cd47e935a0eed14b888926b6cdd.png" data-gid="gid://syiq/Photo/332655"><a data-gid="gid://syiq/Yacht/4790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Debra One 30.0m (98'5&quot;)Permare s.r.l.2013">Debra One</a>’s extravagant master suite is situated on the main deck, and allows for direct access to the full-beam office and lounge. This office/lounge space can also be transformed into a luxurious full-beam VIP stateroom with an ensuite bathroom. <img src="https://photo-assets.superyachttimes.com/photo/332649/image/large-a9a9228ec90d7055b0b8a7cebbb73cda.png" data-gid="gid://syiq/Photo/332649"><img src="https://photo-assets.superyachttimes.com/photo/332651/image/large-ba7388e888ce85ef0c14cb4dbcb5c404.png" data-gid="gid://syiq/Photo/332651"><img src="https://photo-assets.superyachttimes.com/photo/332650/image/large-8e3940d7f7a0821c6d343b9d33b587c5.png" data-gid="gid://syiq/Photo/332650">On <a data-gid="gid://syiq/Yacht/4790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Debra One 30.0m (98'5&quot;)Permare s.r.l.2013">Debra One</a>’s sundeck, guests are invited to relax in a four-person Jacuzzi, dine alfresco at a table with a sofa and director chairs for eight people, or soak up the sun on three sunpads located aft. Thanks to her shallow draft of only 1.9-metres, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> is suitable for accessing low anchorage points, such as reefs, coastlines, and coves.<img src="https://photo-assets.superyachttimes.com/photo/332645/image/large-1c7a88bfc3a5998fb3e056cf6f2c8659.png" data-gid="gid://syiq/Photo/332645"> <img src="https://photo-assets.superyachttimes.com/photo/332647/image/large-d63cb92f153736bb21155d8af36aaad7.png" data-gid="gid://syiq/Photo/332647"><img src="https://photo-assets.superyachttimes.com/photo/332643/image/large-ad619875232b048699f32111ebad8ad5.jpg" data-gid="gid://syiq/Photo/332643">Where her performance is concerned, the <a href="https://www.superyachttimes.com/yachts/permare/for-sale" rel="noopener noreferrer" target="_blank" title="">Permare yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines that propel her to a cruising speed of 22 knots along with a top speed of 25 knots.<img src="https://photo-assets.superyachttimes.com/photo/332641/image/large-5acdbe3d0f41c4c0a99e0a0090123bb3.jpg" data-gid="gid://syiq/Photo/332641"> <img src="https://photo-assets.superyachttimes.com/photo/332673/image/large-6074620985c34402b6a873958bdf2cc5.png" data-gid="gid://syiq/Photo/332673">

30m Permare yacht Debra One for sale 

The 30-metre Permare motor yacht Debra One has entered the market with Remy Becquet of Fraser. 


30m Permare motor yacht Debra One on the market 

The 42.06-metre <a data-gid="gid://syiq/Company/1393" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Avangard Yachts (Company)">Avangard</a> superyacht <a data-gid="gid://syiq/Yacht/223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mr. Mouse42.06m (137'12&quot;)Avangard Yachts2010">Mr. Mouse</a>, previously named Mariposa, is for sale with Robert Lander of <a data-gid="gid://syiq/Company/808" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moravia Yachting (Company)">Moravia Yachting</a>. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> was delivered in 2010.<img src="https://photo-assets.superyachttimes.com/photo/332589/image/large-b48980b81e16360fbe28ddf6cb5df7a8.png" data-gid="gid://syiq/Photo/332589"><a data-gid="gid://syiq/Yacht/223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mr. Mouse42.06m (137'12&quot;)Avangard Yachts2010">Mr. Mouse</a> features exterior design by <a data-gid="gid://syiq/Company/2162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Starkel Sas (Company)">Studio Starkel Sas</a>, while her interior was penned by <a data-gid="gid://syiq/Company/622" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Joachim Kinder Yacht Design (Company)">Joachim Kinder Yacht Design</a>, with naval architecture by <a data-gid="gid://syiq/Company/1393" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Avangard Yachts (Company)">Avangard Yachts</a>. She can accommodate up to 10 guests onboard, as well as six crew members, including the captain. <img src="https://photo-assets.superyachttimes.com/photo/217154/image/large-d25f5230f3ee6a1849822f08076dc2c6.jpeg" data-gid="gid://syiq/Photo/217154"><a data-gid="gid://syiq/Yacht/223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mr. Mouse42.06m (137'12&quot;)Avangard Yachts2010"><img src="https://photo-assets.superyachttimes.com/photo/217158/image/large-38ffe314a2b311a13782301c597c5f12.jpeg" data-gid="gid://syiq/Photo/217158">Mr Mouse</a>’s full-beam master suite is located on the main deck, featuring a walk-in wardrobe, an adjacent office, Bose surround-sound speakers, a two-seat sofa, and an ensuite bathroom with a rain shower. On the lower deck, two VIP double suites and two twin suites, all ensuite, are finished with marble.<img src="https://photo-assets.superyachttimes.com/photo/332591/image/large-81a2196be7b650ab792a0dc6ef032fa6.png" data-gid="gid://syiq/Photo/332591"><img src="https://photo-assets.superyachttimes.com/photo/332590/image/large-90331b1baffc996be5e990a75e16ab11.png" data-gid="gid://syiq/Photo/332590">The <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> features a main saloon panelled in American walnut, complemented by high-quality leathers, granite, and brushed stainless steel. Moreover, the main saloon includes a cocktail bar, sofa seating, and a formal dining table.<img src="https://photo-assets.superyachttimes.com/photo/217153/image/large-1f0408cf9274cb0b68ec1941ee69663c.jpeg" data-gid="gid://syiq/Photo/217153"><img src="https://photo-assets.superyachttimes.com/photo/217148/image/large-e8253c6c4d9162e1232e74ca4da9d3e8.jpeg" data-gid="gid://syiq/Photo/217148">Exterior features on the <a href="https://www.superyachttimes.com/yachts/mr-mouse/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Mr. Mouse</a> for sale include teak-laid decks arranged to provide multiple dining and lounging areas. The sundeck stands out with its loungers, al fresco dining options, and a Jacuzzi. Above on the bridge deck, there is an additional sky lounge equipped with a bar counter and lounge seating, ideal for enjoying the elevated views.<img src="https://photo-assets.superyachttimes.com/photo/217147/image/large-8d7e25287cd2caf913138cf19f9b0ea8.jpeg" data-gid="gid://syiq/Photo/217147">The <a href="https://www.superyachttimes.com/yachts/avangard/for-sale" rel="noopener noreferrer" target="_blank" title="">Avangard yacht for sale</a> has a steel hull and aluminium superstructure. Performance-wise, she is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, which give her a cruising speed of 12 knots and a top speed of 14 knots. <img src="https://photo-assets.superyachttimes.com/photo/217150/image/large-b5b7d8ea16c8a8cbaae50624756e6176.jpeg" data-gid="gid://syiq/Photo/217150">

42m Avangard superyacht Mr. Mouse for sale

The 42.06-metre superyacht Mr. Mouse is for sale with Robert Lander of Moravia Yachting.

The 25.07-metre <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> Mangusta 80 Open sport yacht <a data-gid="gid://syiq/Yacht/6990" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Sky25.07m (82'3&quot;)Overmarine Group SPA2006">Silver Sky</a> sold, with Lorenzo Tosi of <a data-gid="gid://syiq/Company/5022" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timone Yachts (Company)">Timone Yachts</a> introducing the buyer, and Christine Lavie of <a data-gid="gid://syiq/Company/1325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Yacht Charter Group (Company)">International Yacht Charter</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/332594/image/large-8d3296c70d79f09a6ec7f20a544e5801.png" data-gid="gid://syiq/Photo/332594"><img src="https://photo-assets.superyachttimes.com/photo/332597/image/large-89936431d21692fd7ac275d88b1b9a47.png" data-gid="gid://syiq/Photo/332597"><img src="https://photo-assets.superyachttimes.com/photo/332596/image/large-1c0ab6c989d7c8cf0b7cc28be4532db2.png" data-gid="gid://syiq/Photo/332596">Delivered in 2006 as part of the Mangusta 80 Open series, the motor yacht features exterior design and naval architecture by <a data-gid="gid://syiq/Company/409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andrea Bacigalupo (Company)">Andrea Bacigalupo</a>, while her interiors were created in-house by <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a>. <img src="https://photo-assets.superyachttimes.com/photo/332603/image/large-aef1f4856fdc0866a7e64003dbd74d03.png" data-gid="gid://syiq/Photo/332603"><img src="https://photo-assets.superyachttimes.com/photo/332603/image/large-aef1f4856fdc0866a7e64003dbd74d03.png" data-gid="gid://syiq/Photo/332603">At a volume of 83 GT, <a data-gid="gid://syiq/Yacht/6990" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Sky25.07m (82'3&quot;)Overmarine Group SPA2006">Silver Sky</a> is able to sleep as many as six guests across her three stateroom layout. Accommodation is also provided for a crew of up to two members onboard. <img src="https://photo-assets.superyachttimes.com/photo/332602/image/large-f5047d3641de88dc0ea536d2b6456b87.png" data-gid="gid://syiq/Photo/332602"><img src="https://photo-assets.superyachttimes.com/photo/332608/image/large-e4eff5e09135c849bc2fc126e3bb35ba.png" data-gid="gid://syiq/Photo/332608"><img src="https://photo-assets.superyachttimes.com/photo/332607/image/large-41f4d98f872eb043b0bd70e5b2331fea.png" data-gid="gid://syiq/Photo/332607">With a draft of only 1.3-metres, <a data-gid="gid://syiq/Yacht/6990" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Sky25.07m (82'3&quot;)Overmarine Group SPA2006">Silver Sky</a> is well-suited to venturing across shallow shorelines, reefs, and other low anchorage points, for a variety of scenery. <img src="https://photo-assets.superyachttimes.com/photo/332599/image/large-812913d1ccc2dfaa635c57507585b0b8.png" data-gid="gid://syiq/Photo/332599">In terms of her performance, the yacht is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines that propel her to a cruising speed of 21 knots and a top speed of 42 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/6990" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Sky25.07m (82'3&quot;)Overmarine Group SPA2006">Silver Sky</a> had a last known asking price of €620,000. <img src="https://photo-assets.superyachttimes.com/photo/332601/image/large-85848da0c6b31d62748bab945c378516.png" data-gid="gid://syiq/Photo/332601"><img src="https://photo-assets.superyachttimes.com/photo/332595/image/large-b38988a4d686ee94ef7f6909966e84b6.png" data-gid="gid://syiq/Photo/332595">

25m Overmarine yacht Silver Sky sold

The 25m Overmarine yacht Silver Sky sold, with Timone Yachts introducing the buyer, and International Yacht Charter representing the seller. 


25m Overmarine Mangusta 80 Open yacht Silver Sky sold

<a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> has partnered with design firm <a data-gid="gid://syiq/Company/7890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mario Biferali Yacht Design (Company)">Mario Biferali Yacht Design (MBYD)</a> to unveil the 150-metre conversion ‘Nacht®’ concept Project Antos. On display during the <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show 2024</a>, the new project fuses the functionality of commercial shipping vessels, with the luxury of yachting to create a unique and functional design.<img src="https://photo-assets.superyachttimes.com/photo/332637/image/large-c5ccae44ac9b9e13566a8accabe4787f.png" data-gid="gid://syiq/Photo/332637">The term ‘Nacht®’ blends the words Naval and Yachting, symbolising the fusion of two traditionally separate industries – commercial shipping and luxury yachting. The first ‘Nacht’ design, Project Antos, is a groundbreaking conversion project of a 150-metre shipping container, which has been reimagined with sleek minimalism and cutting-edge features.“Antos is a creative solution that reflects what a growing number of owners are looking for in their yachts: something that can adapt to the demands of private life, family time, remote work, philanthropy and adventure,” explained designer <a data-gid="gid://syiq/Company/7890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mario Biferali Yacht Design (Company)">Mario Biferali</a>.With an estimated 10,630 GT of internal volume, Project Antos aims to retain the simplicity and purity of its previous life as a container ship, while adopting an expansive new layout to enhance onboard living.Characterised by a sleek and modern profile, Project Antos features an elongated superstructure and bow, with clean, sharp lines that are enhanced by her large cut-out windows. Her defining feature is her central tower, which rises above the deck to create a functional and aesthetic centrepiece, reminiscent of her shipping heritage. <img src="https://photo-assets.superyachttimes.com/photo/332639/image/large-406ced7ed892388df58b904a75947a7a.png" data-gid="gid://syiq/Photo/332639">Spanning three decks, Project Antos’ tower acts as the owner’s private sanctuary, offering 360-degree views and access to an exclusive sun deck. Remaining guest accommodation consists of VIP suites and guest staterooms, while children and nanny staterooms can be connected, with a play area and media room providing extra entertainment.The yacht also provides ample space for crew, with accommodation for 54 crew members in 27 cabins. The captain is housed in a private cabin on the bridge deck, ensuring the highest level of service for both the owner and guests.In terms of exterior space, Project Antos is divided into distinct areas, with her foredeck configured for entertainment. The deck includes a heli-deck for large helicopters, wind-protected sports courts, an expansive swimming pool raised on a podium, a double sit-up bar and multiple lounging areas.<img src="https://photo-assets.superyachttimes.com/photo/332638/image/large-28dc6cabffba1c80c47edaeecde11a30.png" data-gid="gid://syiq/Photo/332638">For added convenience, staterooms on the lower deck are accessible from the foredeck, while high bulwarks provide both privacy and protection. Meanwhile, the aft deck is transformed into a social lounge, ideal for hosting large groups or more intimate gatherings. A staircase from the aft deck leads to an elevated terrace, shaded by a rotating bladed awning that offers optional cover.According to designer <a data-gid="gid://syiq/Company/7890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mario Biferali Yacht Design (Company)">Mario Biferali</a>, Project Antos is designed with today’s yacht owners in mind, offering a wide range of onboard amenities. These include a full-beam gym, a double-height sports court, a Pilates and yoga room, and a fully-equipped wellness area complete with a sauna, hammam, beauty salon, and treatment rooms.&nbsp;The yacht also includes a cinema and media room for evening entertainment, with many living spaces adaptable for purposes such as scientific research, remote working, or philanthropic activities.“Named after the ancient Greek word for ‘flower’, Antos embodies a new beginning for this converted vessel; a fresh shot of life that gracefully conquers the sea,” concluded <a data-gid="gid://syiq/Company/7890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mario Biferali Yacht Design (Company)">Mario Biferali</a>.

Project Antos: The 150m ‘Nacht’ conversion concept by Oceanco and MBYD

Oceanco has partnered with MBYD to unveil the 150m conversion ‘Nacht’ concept Project Antos, which combines commercial shipping with luxury yachting.

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Oceanco and Mario Biferali unveil new 150m ‘Nacht®’ conversion concept Project Antos

The 23.99-metre <a data-gid="gid://syiq/Company/5574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Extra Yachts (Company)">Extra Yachts</a> motor yacht <a data-gid="gid://syiq/Yacht/7534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D&B23.99m (78'8&quot;)Extra Yachts2018">D&amp;B</a> is on the market with Daria Tomassetti of <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>. <img src="https://photo-assets.superyachttimes.com/photo/80837/image/large-4d96c99edfabf48b4b2c54df540d0923.jpg" data-gid="gid://syiq/Photo/80837">Delivered as part of the <a data-gid="gid://syiq/Company/5574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Extra Yachts (Company)">Extra</a> 76 series in 2018, the <a href="https://www.superyachttimes.com/yachts/d-b/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht D&amp;B for sale</a>, previously named Moanna I, features exterior design and interior design by <a data-gid="gid://syiq/Company/4541" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Guida Design (Company)">Francesco Guida Design</a>, as well as naval architecture by <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/47247/image/large-61b3713addfe1e0726a8f4ce3bdd96ca.jpg" data-gid="gid://syiq/Photo/47247"><img src="https://photo-assets.superyachttimes.com/photo/47246/image/large-19aeae0ce6eb81eae6c8330d26f8aecb.jpg" data-gid="gid://syiq/Photo/47246">With a volume of 84 GT and a beam of 6.08-metres, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> is capable of hosting as many as eight guests across her four stateroom configuration, while accommodation is also provided for a crew of up to two members. <img src="https://photo-assets.superyachttimes.com/photo/80840/image/large-5af4df2e97b77a165faa9712b15f570e.jpg" data-gid="gid://syiq/Photo/80840"><img src="https://photo-assets.superyachttimes.com/photo/80827/image/large-ff5850938d2aeede5b678d33cb803f72.jpg" data-gid="gid://syiq/Photo/80827"><img src="https://photo-assets.superyachttimes.com/photo/80825/image/large-d81c064e3c65bd0fca82471bf6045152.jpg" data-gid="gid://syiq/Photo/80825">Inside the <a href="https://www.superyachttimes.com/yachts/extra-yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">Extra yacht for sale</a>’s opulent saloon, height ceilings are coupled with expansive windows, creating a lofty sense of openness. This convivial hub is fitted with generous pale-coloured sofas, adorned with dark green and patterned pillows for a sophisticated finish. <img src="https://photo-assets.superyachttimes.com/photo/80831/image/large-d4287158488124a753a2eb8b149d3115.jpg" data-gid="gid://syiq/Photo/80831"><img src="https://photo-assets.superyachttimes.com/photo/80830/image/large-e1984548d511c46e495c2fde328e1585.jpg" data-gid="gid://syiq/Photo/80830">Moving outside, <a data-gid="gid://syiq/Yacht/7534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D&B23.99m (78'8&quot;)Extra Yachts2018">D&amp;B</a>’s exterior decks offer ample opportunity for alfresco entertainment, including a wooden table with straw seats in the shade, plush, grey sunpads, and a swim platform for easy water access.<img src="https://photo-assets.superyachttimes.com/photo/80829/image/large-6c47e4ab50a68726854e4e0c0562d902.jpg" data-gid="gid://syiq/Photo/80829"> <img src="https://photo-assets.superyachttimes.com/photo/80833/image/large-a9eba0594bd60e688643e8afdbc07e29.jpg" data-gid="gid://syiq/Photo/80833"><img src="https://photo-assets.superyachttimes.com/photo/80832/image/large-1755aab3d2b7a3caf33e99bf64fdc28e.jpg" data-gid="gid://syiq/Photo/80832">Regarding her performance, the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> engines that propel her to a top speed of 21 knots. <img src="https://photo-assets.superyachttimes.com/photo/80836/image/large-2d1d1de98aa852aca8ca5a40537298c3.jpg" data-gid="gid://syiq/Photo/80836">

24m Extra Yachts yacht D&B for sale 

The 23.99-metre Extra Yachts motor yacht D&B is on the market with Daria Tomassetti of Ocean Independence. 


24m Extra Yachts motor yacht D&B for sale 

New images of the 49.9-metre <a data-gid="gid://syiq/Company/6173" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Columbus Yachts (Company)">Columbus</a> Custom Hybrid superyacht <a data-gid="gid://syiq/Yacht/10672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anjelif49.9m (163'9&quot;)Columbus Yachts2024">Anjelif</a> have been unveiled, providing a closer look at the recently delivered vessel. <img src="https://photo-assets.superyachttimes.com/photo/332569/image/large-c280176a5e4adc54e180e89b084de5bb.jpg" data-gid="gid://syiq/Photo/332569"><a data-gid="gid://syiq/Company/6173" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Columbus Yachts (Company)">Columbus Yachts</a> built upon their previous Sport Hybrid 40m project, which was the first superyacht model ever to be RINA classified with the “Hybrid Propulsion Y” notation, in order to execute the hybrid construction of this 50-metre Custom Hybrid range. <img src="https://photo-assets.superyachttimes.com/photo/332553/image/large-8870817b448a8d9a0c978a268cbd806b.jpg" data-gid="gid://syiq/Photo/332553"><img src="https://photo-assets.superyachttimes.com/photo/332554/image/large-2577ea767a4fd3adf9e9fd9f78ef0436.jpg" data-gid="gid://syiq/Photo/332554"><img src="https://photo-assets.superyachttimes.com/photo/332555/image/large-6596edde10cd902e63376cce2a947a17.jpg" data-gid="gid://syiq/Photo/332555">Architect <a data-gid="gid://syiq/Company/4335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marco Casali Too Design (Company)">Marco Casali of Too-Design</a> is responsible for crafting <a data-gid="gid://syiq/Yacht/10672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anjelif49.9m (163'9&quot;)Columbus Yachts2024">Anjelif</a>’s exteriors, in collaboration with her owner, while the vessel’s naval architecture was crafted in-house by the shipyard, in collaboration with <a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a>. <img src="https://photo-assets.superyachttimes.com/photo/332557/image/large-b7fbd13f83ed33f833a96e34b41a5151.jpg" data-gid="gid://syiq/Photo/332557"><img src="https://photo-assets.superyachttimes.com/photo/332556/image/large-f94992cc6b42eb6fb4a4643149d36a3e.jpg" data-gid="gid://syiq/Photo/332556">Composed entirely of aluminium, <a data-gid="gid://syiq/Yacht/10672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anjelif49.9m (163'9&quot;)Columbus Yachts2024">Anjelif</a> displays a sleek yet muscular exterior profile encapsulating distinguished, personal interiors. She was tailor-made for a knowledgeable owner, Maria Francesca Angelini, who requested that <a data-gid="gid://syiq/Yacht/10672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anjelif49.9m (163'9&quot;)Columbus Yachts2024">Anejlif</a> be decked out in technological innovations, such as the diesel-electric hybrid propulsion. <img src="https://photo-assets.superyachttimes.com/photo/332561/image/large-8553cbd7e69b2865908c384d15821aaf.jpg" data-gid="gid://syiq/Photo/332561">As per her owner’s wishes, <a data-gid="gid://syiq/Yacht/10672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anjelif49.9m (163'9&quot;)Columbus Yachts2024">Anjelif</a> sports two modern technological devices: one of which uses cold plasma for sanitation of outside air, providing both ventilation and air conditioning, while the other sanitises the environments through predefined time intervals for daily safety. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/332573/image/large-f8192fe16b749ca98eab3a3f23bdc3bf.jpg" data-gid="gid://syiq/Photo/332573"><img src="https://photo-assets.superyachttimes.com/photo/332571/image/large-9dcf0bfb06db24990bc5f25b61de040f.jpg" data-gid="gid://syiq/Photo/332571">The superyacht’s interiors feature natural and ecological materials, along with Taurini stones of various cuts and colours, which the owner selected for “fresh and energetically clean air spaces”, according to <a data-gid="gid://syiq/Company/6173" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Columbus Yachts (Company)">Columbus Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/332547/image/large-d71dd2259e883ece7327852f9ad1dbfc.jpg" data-gid="gid://syiq/Photo/332547"><img src="https://photo-assets.superyachttimes.com/photo/332548/image/large-53871c0d5dab748470877ff2aaddc827.jpg" data-gid="gid://syiq/Photo/332548"> <img src="https://photo-assets.superyachttimes.com/photo/332544/image/large-4915c268223b0b64391ea331a23c5c59.jpg" data-gid="gid://syiq/Photo/332544">Moreover, <a data-gid="gid://syiq/Yacht/10672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anjelif49.9m (163'9&quot;)Columbus Yachts2024">Anjelif</a>’s interiors showcase natural oak wood in a range of finishes, complemented by canaletto walnut detailing, and white lacquered wood with matt rose gold metal connectors. The boiseries are completely composed of oak in a tubular floor-to-ceiling design, peppered with wall sections consisting of blacklist precious stones by Taurini. <img src="https://photo-assets.superyachttimes.com/photo/332543/image/large-40ee84d983369bab98ec20855ce3fdc7.jpg" data-gid="gid://syiq/Photo/332543"><img src="https://photo-assets.superyachttimes.com/photo/332542/image/large-480322ba5df6b3bca82063debd364c2f.jpg" data-gid="gid://syiq/Photo/332542"><img src="https://photo-assets.superyachttimes.com/photo/332538/image/large-d85232528b5941331520042660ece989.jpg" data-gid="gid://syiq/Photo/332538">The owner’s quarters are accessed through the bow, and contain a massage room, owner’s office with a screen, a Technogym-equipped gym, an L-shaped wardrobe, a large central bed, and a work-and-vanity desk. The stateroom’s ensuite bathroom is fitted with a double sink in yellow quartz, a window-edge jacuzzi, a mosaic shower/hammam and a separate cabin for the infrared sauna. The owner’s suite also boasts a fixed balcony for far-reaching vistas and relaxation.<img src="https://photo-assets.superyachttimes.com/photo/332539/image/large-993947c631650852b22b72e1d06072e9.jpg" data-gid="gid://syiq/Photo/332539"><img src="https://photo-assets.superyachttimes.com/photo/332537/image/large-2bb5e3cc4c780c89ee7063f7dc6d2285.jpg" data-gid="gid://syiq/Photo/332537"><img src="https://photo-assets.superyachttimes.com/photo/332535/image/large-8e2c6f0ebf72f39774098e32e0759917.jpg" data-gid="gid://syiq/Photo/332535">Remaining guests are accommodated below deck, where four staterooms amount to a total of 11 beds, and each suite is adorned with an expansive rectangular window. Furthermore, all four staterooms are chromatically furnished, while two out of the four are complete with a pioneering two-in-one system that converts two single beds into a double. The other two staterooms function as a large VIP suite and office stateroom, or alternatively, as two separate rooms separated via a central sliding door.<img src="https://photo-assets.superyachttimes.com/photo/332574/image/large-e592910b2e8ddb106a5315aa0c7209bf.jpg" data-gid="gid://syiq/Photo/332574"><img src="https://photo-assets.superyachttimes.com/photo/332572/image/large-e320765de70dc483deb2f0796b9ae980.jpg" data-gid="gid://syiq/Photo/332572">Moving outdoors, a large sunpad and custom round 10-seater table in natural teak can be found on the stern of <a data-gid="gid://syiq/Yacht/10672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anjelif49.9m (163'9&quot;)Columbus Yachts2024">Anjelif</a>’s upper deck. An extensive French bi-folding window provides access to the second deck, revealing the dining room that is home to an oval 10-seater table with an oyster shell top and canaletto walnut inserts. The table has been customised so that it can be disassembled, transforming the dining room into a game room. <img src="https://photo-assets.superyachttimes.com/photo/332578/image/large-3e766b08815b2cfacfcf4f01c7c356e0.jpg" data-gid="gid://syiq/Photo/332578"><a data-gid="gid://syiq/Yacht/10672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anjelif49.9m (163'9&quot;)Columbus Yachts2024"><img src="https://photo-assets.superyachttimes.com/photo/332577/image/large-c76397a62d08406fd4edd1f44bdae663.jpg" data-gid="gid://syiq/Photo/332577">Anjelif</a>’s multi-purpose bow is developed with generous sun beds and a platform with room for a helicopter’s landing and takeoff. This social space can also be reconfigured to an open-air cinema. On the sundeck, guests are greeted by two sun loungers with adjustable backrests, a custom eight-seater teak table, a bar with bleached oak slats, and a C-shaped sofa in ivory-coloured Rubelli fabric. <a data-gid="gid://syiq/Yacht/10672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anjelif49.9m (163'9&quot;)Columbus Yachts2024">Anjelif</a>’s sundeck also houses a custom Jacuzzi surrounded by sunpads and seating. <img src="https://photo-assets.superyachttimes.com/photo/332559/image/large-f9ea5047b24b1cbb6aaad87cd4fd6883.jpg" data-gid="gid://syiq/Photo/332559"><img src="https://photo-assets.superyachttimes.com/photo/332560/image/large-fac806ef3f49aae6149e0f899394d7a1.jpg" data-gid="gid://syiq/Photo/332560">In terms of her performance, the <a data-gid="gid://syiq/Company/6173" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Columbus Yachts (Company)">Columbus</a> Custom Hybrid 50m yacht is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines that propel her to a top speed of 20 knots, and a range of 3,200 nautical miles when cruising at a speed of 12 knots. <img src="https://photo-assets.superyachttimes.com/photo/332566/image/large-f031a67350bcf02ffbdc7a8649d6a0d9.jpg" data-gid="gid://syiq/Photo/332566"><a data-gid="gid://syiq/Yacht/10672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Anjelif49.9m (163'9&quot;)Columbus Yachts2024"><img src="https://photo-assets.superyachttimes.com/photo/332563/image/large-01d495772cf79801193b1f4db6c18d79.jpg" data-gid="gid://syiq/Photo/332563">Anjelif</a>’s hybrid propulsion system offer three modes of propulsion: traditional ‘diesel mode’, wherein generators feed electrical utilities onboard; ‘electric mode’, where main engines are turned off while the generators provide power to the motors and onboard utilities; and ‘shaft generator’ mode, which involves main propulsion engines transmitting part of their torque to the electric motors. <img src="https://photo-assets.superyachttimes.com/photo/332565/image/large-9db67b2c9f340a021052dfdb2517539d.jpg" data-gid="gid://syiq/Photo/332565"><img src="https://photo-assets.superyachttimes.com/photo/332562/image/large-3a4aba26897caf9ffdb0d3c8afbadd82.jpg" data-gid="gid://syiq/Photo/332562">

Onboard 50m Columbus Custom Hybrid yacht Anjelif 

New images of the 49.9-metre Columbus Custom Hybrid superyacht Anjelif have been unveiled. 

Onboard 50m Columbus Custom Hybrid superyacht Anjelif 

The <a data-gid="gid://syiq/Company/1205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AB Yachts (Company)">AB Yachts</a> <a data-gid="gid://syiq/Yacht/12548" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AB 130/20039.0m (127'11&quot;)AB Yachts2024">AB 130/200</a> sport yacht, which is the first of the AB 130 series, has been launched by her Italian shipyard.&nbsp;Due to be delivered to her owner by the end of 2024, the sport yacht is currently undergoing her final trials at <a data-gid="gid://syiq/Company/1205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AB Yachts (Company)">AB Yachts</a>’ quay in Viareggio, Italy. <img src="https://photo-assets.superyachttimes.com/photo/332627/image/large-6f238f8246d5fc0628e080123ca8d2c4.jpg" data-gid="gid://syiq/Photo/332627">One of the yacht’s most standout features is her extendable beach area at the stern, which is unusual for sport boat yachts. When aft wings are folded out, the aft platform increases in size, forming a roomy terrace on the water. The beach area also merges with the aft cockpit and main saloon, amounting to a cohesive area.<img src="https://photo-assets.superyachttimes.com/photo/332624/image/large-4dc043076f74b7643fb8f85e1da711a6.jpg" data-gid="gid://syiq/Photo/332624">When the saloon’s sliding doors are opened, indoor and outdoor areas combine to create a multi-functional space of 100-square-metres, which contains a sea-view pool with the option to be uncovered on demand. <img src="https://photo-assets.superyachttimes.com/photo/332626/image/large-0641d8ded799b0cc6b44ae3bcbccd9c1.jpg" data-gid="gid://syiq/Photo/332626">An innovative float-in garage positioned aft means guests can deploy and store a variety of water toys, including two 3-seater Jet Skis, Seabobs, electric foil boards, SUP paddle boards, bikes, and numerous inflatable systems, onboard <a data-gid="gid://syiq/Yacht/12548" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AB 130/20039.0m (127'11&quot;)AB Yachts2024">AB 130/200</a>. The yacht also has room to store a 4.6-metre tender, in spite of her size. Another defining trait of <a data-gid="gid://syiq/Yacht/12548" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AB 130/20039.0m (127'11&quot;)AB Yachts2024">AB 130/200</a> is her spacious flybridge, where guests can take in sea views, and customise the space for comfortable seating arrangements.&nbsp;Equipped with water-jet propulsion, the sport boat yacht delivers a top speed of 40 knots, and offers a range of 4,500 nautical miles when cruising at a speed of around 35 knots. Thanks to her 1.3-metre draft, <a data-gid="gid://syiq/Yacht/12548" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AB 130/20039.0m (127'11&quot;)AB Yachts2024">AB 130/200</a> is able to access shallow anchorage points in the Caribbean, Miami, and the Bahamas. <a data-gid="gid://syiq/Yacht/12548" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AB 130/20039.0m (127'11&quot;)AB Yachts2024">AB 130/200</a> also ensures a stable journey with her latest-generation <a data-gid="gid://syiq/Company/2383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seakeeper, Inc. (Company)">Seakeeper</a> sk26 stabilisers. <img src="https://photo-assets.superyachttimes.com/photo/332625/image/large-09c6e9f8656c1334bb1b1f5559e85810.jpg" data-gid="gid://syiq/Photo/332625">

40m first AB Yachts AB 130 yacht launched 

The AB Yachts AB 130/200 superyacht, which is the first of the AB 130 series, has been launched by her Italian shipyard.

40m First AB Yachts AB 130 yacht launched 

The history behind the SuperYacht Times newspaper

We sat down with Director & Founder Merijn de Waard, to find out more about the history behind the SuperYacht Times newspaper.

Video: The story behind 50 issues of the SuperYacht Times newspaper

The 31.03-metre <a data-gid="gid://syiq/Company/7889" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Platinum (Company)">Platinum</a> motor yacht <a data-gid="gid://syiq/Yacht/3348" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Romantica31.03m (101'10&quot;)Platinum 2007">Romantica</a> is on the market with Brian Leung of <a data-gid="gid://syiq/Company/4735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Yachting Limited (Company)">Asia Yachting Limited</a>. <img src="https://photo-assets.superyachttimes.com/photo/318311/image/large-815141a04b55655d6479c8e5df6560e4.png" data-gid="gid://syiq/Photo/318311">As the sole yacht from the Odyssey 102 range, the <a href="https://www.superyachttimes.com/yachts/romantica-31m/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Romantica for sale</a> was delivered in 2007. This <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features exterior design by <a data-gid="gid://syiq/Company/912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arthur M. Barbeito & Associates, Inc. (Company)">Arthur M. Barbeito &amp; Associates</a>, interiors imagined by <a data-gid="gid://syiq/Company/622" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Joachim Kinder Yacht Design (Company)">Joachim Kinder Yacht Design</a>, and naval architecture by <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/331832/image/large-6acea2a7e2d02255f18143fa9c0f457c.jpg" data-gid="gid://syiq/Photo/331832"><img src="https://photo-assets.superyachttimes.com/photo/331848/image/large-838c3cd66ecddec27d0103472e97d6fd.jpg" data-gid="gid://syiq/Photo/331848">At a volume of 198 GT, the <a href="https://www.superyachttimes.com/yachts/platinum-slovenia/for-sale" rel="noopener noreferrer" target="_blank" title="">Platinum yacht for sale</a> is capable of hosting as many as eight guests across a four stateroom layout, while accommodation is also provided for a crew of three members. <img src="https://photo-assets.superyachttimes.com/photo/331847/image/large-8bf21dcd33d50f4922edfe0462fdb0bf.jpg" data-gid="gid://syiq/Photo/331847"><a data-gid="gid://syiq/Yacht/3348" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Romantica31.03m (101'10&quot;)Platinum 2007"><img src="https://photo-assets.superyachttimes.com/photo/331849/image/large-66ce0dd98f791c924a21f29b13cc7906.jpg" data-gid="gid://syiq/Photo/331849"><img src="https://photo-assets.superyachttimes.com/photo/331831/image/large-29ebb76a218ec0fd2c7e7555d0f2e222.jpg" data-gid="gid://syiq/Photo/331831">Romantica</a>’s convivial saloon is flanked by expansive windows for an influx of natural lights as well as far-reaching vistas, which can be admired from the comfort of unique, patterned sofas coupled with a sumptuous, floral rug. <img src="https://photo-assets.superyachttimes.com/photo/331844/image/large-391edc06c429165d2402b8ad75813fc2.jpg" data-gid="gid://syiq/Photo/331844"><img src="https://photo-assets.superyachttimes.com/photo/331833/image/large-8cb86a4bdee7578576be573730d7897b.jpg" data-gid="gid://syiq/Photo/331833">Moving outdoors, guests are invited to participate in an array of outdoor activities, including socialising at a sit-up bar, dining alfresco in comfortable black armchairs, or soaking up the sun across the large sunpads.<img src="https://photo-assets.superyachttimes.com/photo/331825/image/large-2032a13e85bdf86f654c194d5b24c8ff.jpg" data-gid="gid://syiq/Photo/331825"><img src="https://photo-assets.superyachttimes.com/photo/331821/image/large-2d7d25e40694cf1f19ab54e9bad2fb3a.jpg" data-gid="gid://syiq/Photo/331821"><img src="https://photo-assets.superyachttimes.com/photo/331818/image/large-d57e02788fb00de176033b7d12c44ea8.jpg" data-gid="gid://syiq/Photo/331818">In terms of her performance, the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines that propel her to a cruising speed of 23 knots and a top speed of 29 knots.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/318316/image/large-58c2cf4dc89bfbd27d66cd0ab07e3261.png" data-gid="gid://syiq/Photo/318316"><img src="https://photo-assets.superyachttimes.com/photo/318313/image/large-232053260abd76351e243aa2bfacffe6.png" data-gid="gid://syiq/Photo/318313">

31m Platinum yacht Romantica for sale 

The 31.03-metre Platinum motor yacht Romantica is on the market with Brian Leung of Asia Yachting Limited. 



31m Platinum motor yacht Romantica on the market 

It’s not every day that one has the opportunity to visit shipyards in the Far East, especially in China. In June, the inaugural SuperYacht Times <a href="https://www.superyachttimes.com/events/asia-pacific-summit-2024-2024" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Summit</a> in Hong Kong provided a perfect occasion to explore regional shipyards and marinas. Recently, the Asia-Pacific region has been increasing its share in the construction of yachts over 30-metres in length.<img src="https://photo-assets.superyachttimes.com/photo/332002/image/large-fea235340d9ae4c2209734e97934a880.jpg" data-gid="gid://syiq/Photo/332002">During the summit, SuperYacht Times' Head of Intelligence, Ralph Dazert, presented the <a href="https://www.superyachttimes.com/market-reports/asia-pacific-superyacht-market-report-2024" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Market Report 2024</a>, which outlined this trend. According to the report, as of the beginning of 2024, builders from the Asia-Pacific region accounted for 509 out of the 5,787 operating yachts over 30-metres worldwide, representing a share of 8.8%. This positions the region as the third-largest superyacht construction area globally, following Europe (including Turkey) and North America. Moreover, over the past decade, the share of builders from the Asia-Pacific region has increased to 9.9%, with these builders delivering 159 out of the 1,604 yachts completed between 2014 and 2023. As a result, the region now ranks second after Europe, as the influence of North America has declined.SuperYacht Times Features writer Enrico Chhibber recently visited <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a> at their facilities in Zhuhai, China, just before the commencement of the Summit. After a pick up in Hong Kong, Enrico met with Fiona Li, the head of marketing at <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a>, and was driven across the border towards Zhuhai.&nbsp;<a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)"><img src="https://photo-assets.superyachttimes.com/photo/332001/image/large-5cd01e6d8d238d387a69cdc8691186e9.jpg" data-gid="gid://syiq/Photo/332001">Cheoy Lee</a> is one of the oldest family-run shipyards in the Asia-Pacific region, with a storied history. Originally founded in 1870 by the Lo family in China, the company relocated to Hong Kong in the 1930s. While the company maintains its head office and a small repair yard in Kowloon, Hong Kong, it relocated its construction facilities from Penny’s Bay to Zhuhai, China, in 1996. Since then, the Penny’s Bay site has been transformed into what is now Hong Kong's Disneyland.<img src="https://photo-assets.superyachttimes.com/photo/220646/image/large-5477a925a390ad705be09ae7d33a0b6e.jpeg" data-gid="gid://syiq/Photo/220646"><a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a> has constructed numerous innovative yachts and was one of the first shipyards in the region to use fibreglass, notably on the 39.78-metre motor yacht <a data-gid="gid://syiq/Yacht/3836" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nataly39.78m (130'6&quot;)Cheoy Lee1978">Nataly</a> (formerly Shango II), which was the largest fibreglass yacht ever built at the time of her construction in 1978. However, the yard's expertise extends beyond fibreglass; it also works extensively with steel and aluminium. Among the well-known superyachts constructed by <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a> are the 46-metre <a data-gid="gid://syiq/Yacht/2621" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Avalon46.0m (150'11&quot;)Cheoy Lee2011">Avalon</a> and the 45-metre explorer yacht <a data-gid="gid://syiq/Yacht/2307" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Limited Risks45.0m (147'8&quot;)Cheoy Lee2007">Limited Risks</a> (formerly Marco Polo).Upon our arrival at the shipyard, we were warmly greeted by Martin Lo, the Director, and his nephew, Hans Lo, the Deputy Director of <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a>. Hans represents the fifth generation of his family to work at the company. They escorted us to the main meeting room, where Martin shared his background in yachting. Born into a shipbuilding family, his career path seemed a natural progression. He emphasised the importance of a family-run shipyard to <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a>'s identity. <img src="https://photo-assets.superyachttimes.com/photo/247078/image/large-b55615fc33411404935e67ddb8b13459.jpg" data-gid="gid://syiq/Photo/247078">In late 2018, <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a> underwent a strategic restructuring. The company's luxury production arm was rebranded as <a data-gid="gid://syiq/Company/6398" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CL Yachts (Company)">CL Yachts</a>, while larger custom builds continued under the <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a> brand. <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a> shipyards are focused on the production of commercial vessels, including offshore supply vessels, tugs, and ferries.Regarding the production ratio between commercial and pleasure yachts, Lo stated that at present it stands at 85% commercial projects and 15% pleasure craft. As for the yachts currently under construction, <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a> has two explorer motor yachts in the pipeline: the 39.73-metre <a data-gid="gid://syiq/Yacht/10701" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee 130 Explorer39.73m (130'4&quot;)Cheoy Lee2024">Cheoy Lee 130 Explorer</a> and the 32.76-metre Cheoy Lee 107. <img src="https://photo-assets.superyachttimes.com/photo/332003/image/large-040340f503dfd284944242680f218609.jpg" data-gid="gid://syiq/Photo/332003">Lo then explained that the city of Zhuhai and the surrounding area has developed into a hub for the production and refit of commercial vessels. Additionally, he mentioned that some local shipyards have recently started to venture into yacht construction.When asked about the state of the domestic yacht market, Lo explained that the majority of yachts built in China are intended for international markets. He specified that <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a>'s primary clientele has traditionally been in North America, with additional clients in Europe. In 2022, the company broadened its international footprint by appointing a dealer in Australasia, SE Asia, Hong Kong and Middle East. .<img src="https://photo-assets.superyachttimes.com/photo/182372/image/large-00a4e228745d20b66ec42741673de3d5.jpg" data-gid="gid://syiq/Photo/182372">As we commenced the tour of the facilities, we viewed several commercial projects along with the 39.73-metre <a data-gid="gid://syiq/Yacht/10701" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee 130 Explorer39.73m (130'4&quot;)Cheoy Lee2024">Cheoy Lee 130</a>, currently under construction for a returning client. She has a steel hull and aluminium superstructure, and features exterior design and naval architecture by Overing Yacht Designs, while her interior was penned by <a data-gid="gid://syiq/Company/452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sylvia Bolton Design, Inc. (Company)">Sylvia Bolton Design</a>.&nbsp;During our tour onboard, it was evident to see Lo’s passion for yacht building and emphasis on quality. He shared that <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a> had formed a partnership with Genesis, an Italian furniture company based in Tuscany, to supply parts for the yacht interiors. In addition, other interior furnishings are crafted in-house by <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a>'s woodworking department.<img src="https://photo-assets.superyachttimes.com/photo/247064/image/large-d25132daf95a579ec668159010f8d3c3.jpg" data-gid="gid://syiq/Photo/247064">As the tour progressed, Lo highlighted that <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a> crafts most of its components in-house, and has embraced advanced manufacturing techniques with investments in 3D printing and other high-tech equipment to ensure precision and cost-efficiency.<img src="https://photo-assets.superyachttimes.com/photo/247069/image/large-cf9ef361c9f166266d69ac1a2ed15b13.jpg" data-gid="gid://syiq/Photo/247069">Upon concluding our yard tour, Hans Lo disclosed that although there are potential projects on the horizon, their immediate priority is to complete the existing yacht and commercial projects.This article was originally published in the 50th issue of the SuperYacht Times Newspaper,&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-50" target="_blank">available for download here.</a>

At the shipyard with Cheoy Lee

Writer Enrico Chhibber took a tour of the Chinese shipyard Cheoy Lee to uncover some of the details of this storied shipyard.

Looking to the East: At the shipyard with Cheoy Lee

Cryptocurrencies have become even more present in the yachting world, with a number of leading brokerage houses accepting these types of payments to buy and charter yachts. While the uptake has been gradual, the recent surge highlights that this hesitancy hasn’t come from resistance. <img src="https://photo-assets.superyachttimes.com/photo/208212/image/large-391ca1c70a6822b2c89fe2ca519bf6b3.jpg" data-gid="gid://syiq/Photo/208212">Even amidst the great crypto crash, many brokerage firms are adding these payment types to their portfolios – this trend highlights an expectation that crypto will bounce back. The most recent being the Monaco-based <a data-gid="gid://syiq/Company/1317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtzoo (Company)">Yachtzoo</a>, which, like many others, has partnered up with the global bitcoin service provider BitPay. BitPay enables instantaneous borderless payments with many leading cryptocoins. The blockchain payment processing that it employs is said to “eliminate transaction fraud”.Darrell Hall, Founding Partner of <a data-gid="gid://syiq/Company/1317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtzoo (Company)">Yachtzoo</a>, spoke out about this partnership: “As a leading yacht brokerage, we are always looking at innovative solutions to enhance our customers’ experience. Our job as a luxury yacht brokerage is to make chartering, selling, or acquiring a yacht as flawless as possible. Our partnership with BitPay is another way we make it as easy as possible for our customers.”&nbsp;<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a>, a brokerage house synonymous with tradition, made the plunge early last month. The move is a strategic one for the 240-year-old company, as it’s looking to attract new clientele by tapping into the “massive crypto marketplace”. <img src="https://photo-assets.superyachttimes.com/photo/208208/image/large-f4020197b94aa67adf3951f1a4742d12.jpg" data-gid="gid://syiq/Photo/208208"><a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">“Camper &amp; Nicholsons</a> realises the potential for crypto to transform the yachting industry, making payments faster, more secure, and less expensive on a global scale,” said Merrick Theobald, Vice President of Marketing at BitPay. “With the total market cap of crypto approaching $2 trillion, <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a> is also now well-positioned to take advantage of this wealth by helping those crypto holders who are looking to purchase luxury items like yacht sales and yacht charters.”&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/54180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crypto-mania: Superyacht Vianne offered in Crypto and NFTs (2021-11-30 12:30:00 +0100)">Crypto-mania: Superyacht Vianne offered in Crypto and NFTs</a>The US-based brokerage firm <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> was the first to test the waters, pioneering cryptocurrencies as a payment method in 2014. I spoke with Bob Denison last November and he shared that <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison</a> has sold 17 yachts through bitcoin, and is expected to round the figure to 20 sales by the end of 2021. Rather than just accepting wallet-to-wallet payments as most brokerage houses do now, <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison</a> also has eight bitcoin miners in-house. <img src="https://photo-assets.superyachttimes.com/photo/210670/image/large-a4ecddde47d5c68d605bd010a4321db8.jpg" data-gid="gid://syiq/Photo/210670">“We need to be present and available to all potential clients in all marketplaces, and if a client wants to pay with Bitcoin, we are positioned to handle the transaction,” Bob Denison said.Read:&nbsp;<a data-gid="gid://syiq/Article/54008" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht brokerage & bitcoin: Is the trend here to stay? (2021-11-03 16:45:00 +0100)">Superyacht brokerage &amp; bitcoin: Is the trend here to stay?</a>Another firm that recently raised the crypto flag is <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a>. BitPay has once again been the choice partnership, and <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a> has capitalised on this venture by selling the 40.2-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> motor yacht <a data-gid="gid://syiq/Yacht/4627" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oryx40.2m (131'11&quot;)Benetti SpA2013">Oryx</a> using BitPay.Read:&nbsp;<a data-gid="gid://syiq/Article/54551" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="40m Benetti Oryx sold for €9.9m with cryptocurrency (2022-02-07 12:45:00 +0100)">40m Benetti Oryx sold for €9.9m with cryptocurrency</a><img src="https://photo-assets.superyachttimes.com/photo/191625/image/large-a0fa175d2911c86c56888bca91d42424.jpeg" data-gid="gid://syiq/Photo/191625">At the time of her sale, Juan Andrade, Broker at <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a> commented, “The ability to accept cryptocurrency enables <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a> to attract new customers and sales by tapping the massive crypto marketplace. BitPay manages the entire process and makes it easy to receive crypto from the customer and adapt their approach to each client’s personal situation.”Read:&nbsp;<a data-gid="gid://syiq/Article/54098" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="72m superyacht Azteca, listed for sale in cryptocurrency, has been sold (2021-11-16 15:30:00 +0100)">72m superyacht Azteca, listed for sale in cryptocurrency, has been sold</a>What makes the crypto market so interesting is not its volatility – which is undoubtedly making many sweat profusely at the moment &nbsp;– but how it’s created a great deal of “new money”. This is interesting for our industry as this is a new demographic with money to spend and, as this swathe of partnerships with BitPay attests, has an interest in yachting. It’s too early to tell whether we'll see a major impact like we did around the turn of the millennium and the great US tech boom. <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a> subtly paid tribute to this great age as they announced its partnership with BitPay; heading its statement with a photograph of one of the legends from that age: <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>’s 126m superyacht <a data-gid="gid://syiq/Yacht/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Octopus126.2m (414'1&quot;)Lürssen Yachts2003">Octopus</a>, which was formerly owned by the late Microsoft co-owner, Paul Allen. <img src="https://photo-assets.superyachttimes.com/photo/224946/image/large-2fbf251fbfdd0a35dc3ee70a043bb663.jpg" data-gid="gid://syiq/Photo/224946">The crypto market is yet to filter to new-builds like the first tech boom did. I spoke with Albert Hakvoort of <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort Shipyard</a> last week to check whether this demographic has started placing orders for full-custom yachts yet. “Not yet,” Hakvoort said. “In a few years once they become a little more experienced they may start looking to develop a custom yacht.”&nbsp;

 yacht brokers selling superyachts through BitPay

Even amidst the great crypto crash, many brokerage firms are adding these payment types to their portfolios. 

More brokers accept BitPay amid crypto market uncertainty

Non-fungible tokens – AKA NFTs – have now unquestionably made their entry into the world of yachting and <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> is one of the pioneers charting these waters. The Dutch yacht builder announced earlier this month that it’s about to launch into a new digital realm under the brand Superyacht NFTs, which will be “anchored in the Ethereum blockchain”.<img src="https://photo-assets.superyachttimes.com/photo/219622/image/large-4f169e306c8ff0aa176bd5a4357b163a.jpg" data-gid="gid://syiq/Photo/219622">The collection of Superyacht NFTs are based on the 105-metre explorer concept Esquel that Timur Bozca of <a data-gid="gid://syiq/Company/5291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bozca Design Ltd (Company)">Bozca Design</a> and <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> drew up together in 2019. We caught up with Paris Baloumis, Group Marketing Director at <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, to hear about Superyacht NFTs and to learn about the benefits of joining this community that is aimed to “make the exclusive more inclusive”.Read:&nbsp;<a data-gid="gid://syiq/Article/54738" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco launches series of Superyacht NFTs (2022-03-09 15:15:00 +0100)">Oceanco launches series of Superyacht NFTs</a>“It’s important to us as a company that <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> pushes the industry’s boundaries and that we challenge ourselves to continuously grow,” Baloumis said. “The world is changing, and we believe that the transition to Web3 will touch every part of our lives in some way. Which is why we were motivated to jump in sooner rather than later and be a frontrunner in the industry’s evolution. NFTs felt like a natural progression and we wanted to make sure what we offered would be unique and exciting.”<img src="https://photo-assets.superyachttimes.com/photo/219623/image/large-b4c8ef64e1f566183dd9f943a8478ba5.jpg" data-gid="gid://syiq/Photo/219623">The Superyacht NFTs will be based on the builder’s 105-metre remarkable expedition design for Esquel that was conceived with <a data-gid="gid://syiq/Company/5291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bozca Design Ltd (Company)">Bozca</a>, who won the Young Designer of the Year Award in 2015, although each will display a unique combination of design elements, themes and settings, including some rare features to make them even more desirable.Read:&nbsp;<a data-gid="gid://syiq/Article/49625" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DIBS 2019: Oceanco reveals new 105m Esquel explorer yacht concept (2019-02-26 15:30:00 +0100)">DIBS 2019: Oceanco reveals new 105m Esquel explorer yacht concept</a><img src="https://photo-assets.superyachttimes.com/photo/65527/image/large-0650e4d796a63d71b7ee53746a334aea.jpg" data-gid="gid://syiq/Photo/65527">“You could say that the central driver of our strategy is experience and engagement – both in real life and virtually – rather than to simply explore a design in 3D. It’s all about community,” added Baloumis.Community is where the potential of NFTs truly lies – it’s also the value that's driving Web3 – and <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> gets it. “We have definitely entered the NFT space for the long run,” Baloumis continued. “The success of these kinds of projects is evaluated not only in the uptake of the initial drop, but in the long-term engagement with the holder community to maintain interest and value. With our first collection dropping soon, marking the foundation of our Superyacht NFT community, we are excited to invite people to join.”Superyacht NFTs will grant holders special access to ongoing benefits that are experienced both virtually and in the real world, working alongside likeminded partner brands to bring engaging rewards and activations to its holder community. Over time, Superyacht NFT holders will be given the opportunity to boost their tokens through airdrops of collectible add-ons including super toys and accessories. These will convey additional “money-can’t-buy” benefits to the NFT holders, according to the team behind the project. <img src="https://photo-assets.superyachttimes.com/photo/219624/image/large-75fd82b19d3a22becf613e27a2733a76.jpg" data-gid="gid://syiq/Photo/219624">Baloumis let on about some other partnerships for the project as well: “We are working with some highly respected and experienced parties to offer reassurance to buyers. And in terms of activation partners, this will continue to evolve over time as we develop the program, but you can expect to see a wide range of lifestyle, luxury and tech partners coming onboard with Superyacht NFTs; we wouldn’t want to let our secrets slip quite yet but there will be more to follow soon.”It is clear then that <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> is entering this field with intention to make the exclusive nature of physical superyachts more inclusive in a new digital realm. Superyacht NFTs are its answer. It's also evident that NFTs have a lot of potential in what they can offer – and hopefully develop for – our yachting community.&nbsp;

Superyacht NFTs: Making the “exclusive more inclusive” with Oceanco

NFTs have now unquestionably made their entry into the world of yachting and Oceanco is one of the pioneers charting these waters. 

Cloud Yachts has confirmed the sale of the 33-metre Tactical 110 superyacht NFT for a US owner. The NFT was minted on Opeansea last week and is believed to be the first NFT yacht sale on the Ethereum blockchain. SYT spoke to some of the minds behind this unique deal to get a greater insight into the world of NFTs, and the possible role they have in superyacht construction.<img src="https://photo-assets.superyachttimes.com/photo/220036/image/large-3c836cfc2548b1816f0a7e5c7ef50984.jpg" data-gid="gid://syiq/Photo/220036"><img src="https://photo-assets.superyachttimes.com/photo/220025/image/large-2dc8c6e05b06c65140728940373bb979.jpg" data-gid="gid://syiq/Photo/220025">Once the NFT has been delivered, Tactical 110 will go into build, and the physical yacht is expected to be delivered in three years with a cost of close to $12,000,000. Tactical 110 sports design by <a data-gid="gid://syiq/Company/62" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gregory C. Marshall Naval Architect Ltd. (Company)">Gregory C Marshall</a> and will be built in Canada at <a data-gid="gid://syiq/Company/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tactical Custom Boats (Company)">Tactical Custom Boats</a>’ facilities.<img src="https://photo-assets.superyachttimes.com/photo/220028/image/large-80a11d7878cf085fb505f0bbc38680ee.jpg" data-gid="gid://syiq/Photo/220028">"We are constantly looking for new ways to improve the build experience for our clients. We teamed up with Cloud Yachts to see if we could use NFTs to simplify a complex build process. The first client we presented the opportunity to loved the idea. We are excited to work with the owner, <a data-gid="gid://syiq/Company/62" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gregory C. Marshall Naval Architect Ltd. (Company)">Greg Marshall</a> and Cloud Yachts on this NFT new build project," says Tim Charles, CEO of <a data-gid="gid://syiq/Company/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tactical Custom Boats (Company)">Tactical Custom Boats</a>.<img src="https://photo-assets.superyachttimes.com/photo/220031/image/large-d8af4794b59b18336462aedaab5d61eb.jpg" data-gid="gid://syiq/Photo/220031"><img src="https://photo-assets.superyachttimes.com/photo/220030/image/large-45625d26158c2f7c50bc53bba4dde6ec.jpg" data-gid="gid://syiq/Photo/220030">Upon completion of this hull, Cloud Yachts and <a data-gid="gid://syiq/Company/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tactical Custom Boats (Company)">Tactical Custom Boats</a> will mint a second NFT for a potential owner, offering a yacht as well as all the metadata from the build. After a quick call with Zach Mandelstein, founder of Cloud Yachts, SYT&nbsp;got an exclusive scoop that for the second hull of the Tactical 110, the NFT and physical yacht will be built simultaneously."We see a unique opportunity to use this new technology while building our custom yacht. We like the idea of pioneering a new process and were happy to explore the best use of NFTs for the owners. The NFT I bought this week seems to be useful in ways I had never imagined; like having all the data from my vessel at my fingertips. It's fascinating to watch <a data-gid="gid://syiq/Company/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tactical Custom Boats (Company)">Tactical Custom Boats</a>, <a data-gid="gid://syiq/Company/62" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gregory C. Marshall Naval Architect Ltd. (Company)">Greg Marshall</a>, and Cloud Yachts apply this technology to the build process. It will be a real adventure, Just like traveling the world in an expedition yacht like the Tactical 110," said the owner Tactical 110&nbsp;- hull #1.<img src="https://photo-assets.superyachttimes.com/photo/220040/image/large-c7e755c60412dbc1fa84dd48d4182953.jpg" data-gid="gid://syiq/Photo/220040"><img src="https://photo-assets.superyachttimes.com/photo/220041/image/large-55b453d8c86e0ee08d30491a8b296b31.jpg" data-gid="gid://syiq/Photo/220041">The second hull will be available through Alex G Clarke of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> at the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2022">Palm Beach International Boat Show</a>."I've worked extensively with Tim over the years, and he is extremely creative so it's no surprise one of his clients wanted to pioneer the use of NFTs on a new construction yacht. The owner of hull #1 is a team player and without judgment is allowing us to develop and streamline a process that we will be able to apply to future builds. Our end goal is to make a complex 2-3 year build period a better, more efficient experience for him. We all understand that this process will develop and become more complex as the project takes shape. Every day we learn a little more and seem to find a new application for this technology, and it's clear this is just the beginning," says Clarke.<img src="https://photo-assets.superyachttimes.com/photo/220033/image/large-481e5f8597319c2f25dca7060f7f1c47.jpg" data-gid="gid://syiq/Photo/220033"><img src="https://photo-assets.superyachttimes.com/photo/220034/image/large-32feffa9f67e7d4dedfd1f0efada856e.jpg" data-gid="gid://syiq/Photo/220034">Cloud Yachts will also use Palm Beach as the setting to launch a new collection of NFTs, this time with a design penned by <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Dickie Bannenberg</a>. The NFT collection comprises just five hulls, and the owner of the first from the series will receive five years’ access to the Windwood VIP section at the Palm Beach Boat Show.<img src="https://photo-assets.superyachttimes.com/photo/220023/image/large-e1c08ee9159c643ae2dcc9bb0b0d76c1.jpg" data-gid="gid://syiq/Photo/220023">So why NFTs?&nbsp;Zach Mandelstein is driven to provide utility and to harness the digital space in a productive and inclusive way. “We’re creating access to a community and a very difficult industry,” Mandelstein explained. <img src="https://photo-assets.superyachttimes.com/photo/220026/image/large-b0bbfb241a22d00069e7b55b2e4adc26.jpg" data-gid="gid://syiq/Photo/220026">Cloud Yachts has sold NFT yachts for 2 ETH (equivalent to around $5,000 at the time of sale) which is, of course, much cheaper than an actual yacht. The NFT yachts in Cloud Yachts’ fleet are designed by some of the leading superyacht designers, giving owners access to a world that they may not have access to otherwise.In a previous statement, Mandelstein said: "Our team is honored to represent the world's best superyacht designers. We are months away from having the ability to meet our clients in the metaverse to design their dream yacht using proprietary augmented reality technology." <img src="https://photo-assets.superyachttimes.com/photo/220016/image/large-1ebfef779bfbeb3c4ba992f719370a49.jpg" data-gid="gid://syiq/Photo/220016"><img src="https://photo-assets.superyachttimes.com/photo/220017/image/large-e10d110d01a4c2df2c78859f10d36388.jpg" data-gid="gid://syiq/Photo/220017">While during our call he kept his cards close to his chest and held back from revealing too much, it was clear that there is a lot of excitement for something on the horizon (metaverse, or not). The long and short of NFTs is that we’re learning what’s possible as we go along – it’s a realm that none of us are too certain about and one that we’re tentatively dipping our toes in.<img src="https://photo-assets.superyachttimes.com/photo/220022/image/large-45eae9cfed61c80c09231463b14d9e18.jpg" data-gid="gid://syiq/Photo/220022">"We're aware of the short-term NFT craze so we've set our sights on the long-term utility that this blockchain technology offers,” Mandelstein said previously. “Whether it's by facilitating transactions, revolutionising the new-build experience or something we haven't yet imagined, we're enthusiastic to participate in this virtual economy."<img src="https://photo-assets.superyachttimes.com/photo/220019/image/large-aeaf11df888740e303bd56a3c1ca317e.jpg" data-gid="gid://syiq/Photo/220019">

Tactical 110, the first NFT yacht sale on ETH blockchain 

Tactical 110 NFT yacht has been sold, the first of her kind. SYT got the inside scoop on this unusual story. 

From blockchain to in-build: Tactical 110, the first NFT yacht sale on ETH blockchain 

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

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