The brokerage market is the part of our industry that is naturally most reactive to world events. Those working in this sector have to swiftly navigate through difficult times in order to survive. Therefore, it is important to hear from the leaders in the brokerage world not just to share their insights on the current global pandemic, but to help educate those who are not so familiar with the work of brokers. Willing to share his knowledge and expertise is the CEO of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>, Jonathan Beckett, who predicts that the market will only recover in 24 months’ time. &nbsp;<img src="https://d3w3pid64ak8v.cloudfront.net/photo/32225/image/large-f3c4249ec1816ea586b1340d7ee9e98c.jpg" data-gid="gid://syiq/Photo/32225">Each market reacts and adapts differently, but all have been impacted as a result of the coronavirus pandemic. Do you see any differences between Europe and the US markets at the moment?&nbsp;Yes. America is the largest stock market in the world and is very resilient - &nbsp;whether it's a financial crisis or a crisis like this, as soon as Americans see a path to recovery they're the first to react and jump back on the bandwagon.&nbsp;However, we're in a very challenging time at the moment. I was talking to a client two days ago who is worth close to $10 billion and he has laid off 2,000 of his workforce. This has an impact on the yacht market as, after just letting go of so many employees, to turn up with a brand new Rolls Royce or go out cruising on a new superyacht would be insensitive to the situation. Although, I think the market is showing signs of recovery and we are seeing a light at the end of the tunnel, which for quite a while wasn't there. We're very hopeful that we will see some brokerage activity starting in the next few weeks, but it won't bounce back to where it was before the COVID-19 pandemic. We are forecasting 24 months before we really get back to the activity levels we had before the crisis, leaving us at least 50% down on business this year, probably 25% next year and in 2022 we will be back to where we were. These predictions could be wrong, as no one knows what will happen.<img src="https://d3w3pid64ak8v.cloudfront.net/photo/120040/image/large-b1a03256e48bb862dd298d4d2494f129.jpg" data-gid="gid://syiq/Photo/120040">For some companies, being 50% down in revenue is not easy. How are you managing this?If you're running a business you cannot be unrealistic and think that business will be down only this year and the market will be back to normal by next year. At Burgess, we're fortunate that we have other services such as a large management fleet and an insurance division. These parts of the company certainly don't pay all the bills but do provide cash flow.&nbsp;Even though we have reevaluated our figures until the end of 2021, there are a lot of companies like us who are having to manage themselves very carefully. The last thing we want is to see companies not being able to survive, but I can imagine that we will see some consolidation going into the third quarter of this year. Also with some help from the UK Government, we have been able to maintain the salaries of approximately 10% of our London-based employees.<img src="https://d3w3pid64ak8v.cloudfront.net/photo/100096/image/large-f7f5c2eed45bf54db14ce1d3bd402e80.jpg" data-gid="gid://syiq/Photo/100096">What is your opinion on the status of the upcoming yacht shows?If you look at what has happened with the Monaco Grand Prix, the acceptance and attitude that this year there is no event, but it will come back next year bigger and better than ever is very positive. If we have to miss one Monaco Yacht Show, it's not the end of the world, and if it does go ahead, it may be the wrong message that our industry could send out at this time.<img src="https://d3w3pid64ak8v.cloudfront.net/photo/100090/image/large-baaecd741aec104d7aa1a897df3a425d.jpg" data-gid="gid://syiq/Photo/100090">To some, being on the water with family and friends is one of the most attractive ways to spend the summer and is a better option compared to visiting hotels, resorts or cruise ships. Do you agree?Yes. This is the sales pitch that many of us have: being on a superyacht is not just the best holiday that you can have, it's also the safest. <img src="https://d3w3pid64ak8v.cloudfront.net/photo/108882/image/large-e9d50c1192022c6bec22dab38abe3565.jpg" data-gid="gid://syiq/Photo/108882">What have you observed about the market recently and what do you see happening in the long term, post-corona?At the moment we're seeing some disconnect between buyers and sellers in the market, with quite a lot of opportunist buyers coming into the market, circling and looking for deals. But the deals aren't out there and the sellers are managing to remain firm on their pricing, which in some ways is a good thing. To close a deal we need to have the buyers and the sellers on the same page but a lot of buyers seem to be waiting for the prices to come tumbling down, which I'm not so sure will happen any time soon.&nbsp;I think we won't really know what the full effect of COVID-19 is on the world economy or our clients' businesses for a long time. One hopes that our clients are resilient enough and have enough cash reserves that they don’t have to lose their private assets. <img src="https://d3w3pid64ak8v.cloudfront.net/photo/52524/image/large-386b23cd2b41d54409c2c41a779ee5c0.jpg" data-gid="gid://syiq/Photo/52524">Do you agree that brokers have a responsibility to help grow the market and invite more non-yachting people into our industry?&nbsp;With SYBAss, LYBRA and Superyacht Life we are looking at ways to educate non-yachties about the lifestyle - because yachting is a lifestyle choice. Some wealthy people who don't understand what yachting is and how it is a lifestyle spent with friends and family are the people who wouldn't consider it if not educated first. This education we need to do collectively as an industry, and not as individual companies. This interview was part of the 13th SuperYacht Times Webinar. If you missed out, catch up via the video found below. All past and future SuperYacht Times Webinars can be found <a href="https://www.superyachttimes.com/yacht-news/superyacht-times-webinar-programme">here</a>.<iframe width="640" height="360" src="https://player.vimeo.com/video/424032081" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe>

Burgess CEO Jonathan Beckett shares his market predictions 

Octopus yacht by Lürssen in Monaco

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Fortunate Sun in Monaco

Ragnar yacht on sea trials

Jonathan Beckett 

Feadship motor yacht Project 814 launch

Sharing his knowledge and expertise is Burgess' CEO, Jonathan Beckett, who predicts that the market will only recover in 24 months’ time.  

Quick Q&A: Burgess CEO Jonathan Beckett shares his market predictions 

<a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a> has been acquired by the global communications company Viasat. The combined company enhances the scale and scope to continue to drive growth in the increasingly dynamic and competitive satellite communications industry. The employees of <a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a> will retain their roles under the new ownership, and Rajeex Suri and Andy Sukawaty, CEO and Chairman, will join the Viasat Board of Directors.<img src="https://photo-assets.superyachttimes.com/photo/251466/image/large-5d9ca2aceec40452a7ab1bf77d737e3a.jpg" data-gid="gid://syiq/Photo/251466">The company’s assets, once fully integrated, are expected to increase the pace and scope of innovation in the global satellite connectivity sector, offering new and improved capabilities to customers that will address the ever-increasing speed, flexibility, reliability, coverage and security they demand.“We are thrilled to welcome <a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a>’s employees, customers, shareholders and partners into the Viasat ecosystem,” said Mark Dankberg, Chairman and CEO, Viasat. “The combination of our companies brings together the people, technology, innovation, network assets, spectrum resources and global partnerships needed to help connect the world more affordably, securely and reliably. Together, we believe we are positioned to offer customers a multi-layered network that gives them the right connectivity at the right time, place and price.<img src="https://photo-assets.superyachttimes.com/photo/251465/image/large-65250364f6dfbf29802d99a42e82cf83.jpg" data-gid="gid://syiq/Photo/251465">“Thanks to all those who worked so tirelessly and thoroughly to complete this transaction,” said Dankberg. “I’d also like to thank the Viasat team and the leadership team at Inmarsat, especially the contributions of Rajeev Suri, Inmarsat CEO, and Andy Sukawaty, <a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a> Chairman. Rajeev and Andy will be joining the Viasat Board of Directors as representatives of the prior <a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a> private equity ownership consortium. I look forward to their continued contributions to the company.”The combined company will continue to be led by Mark Dankberg as Chairman and CEO and Guru Gowrappan as President. Viasat also reconfirmed that its new global international business headquarters will be in London. Corporate headquarters will continue to be in Carlsbad, California. Further decisions regarding organizational structure and leadership will be determined as part of the ongoing integration process.“Our goal is to be the undisputed leader in satellite communications with a sharp focus on providing the best products and services for our customers,” said Gowrappan. “We are more than the sum of our parts. This combination broadens the global fixed and mobile services available to customers in an industry-defining moment. We intend to move quickly to bring the best from each company together in a way that creates much deeper value for our stakeholders and ensures we deliver on our synergy commitments.”<img src="https://photo-assets.superyachttimes.com/photo/195034/image/large-e11ca4b857f5c9a2b385bfc4f99ce95d.jpg" data-gid="gid://syiq/Photo/195034">“Satellite communications is a hugely significant and strategic global market for the U.K. space sector, now poised for an exciting next phase,” said George Freeman MP, the U.K.’s Minister of State at the Department of Science, Innovation &amp; Technology. “The combination of Viasat and Inmarsat creates a global leader in satellite communications here in the U.K. It brings significant investment, hundreds of new highly skilled jobs and will serve as a catalyst for substantial economic growth. Having met both companies, I look forward to working with them as we use the U.K.’s regulatory freedom and leadership to support advanced technologies to boost the space economy’s productivity, profitability and sustainability.”Under the terms of the purchase agreement, at the closing of the transaction, Inmarsat’s shareholders received an aggregate of $551 million in cash, subject to adjustments, and approximately $46.36 million shares of common stock. The cash portion of the purchase price was reduced from $850 million to $551 million after Inmarsat paid a $299 million special dividend to its shareholders in April 2022. The shares issued to the <a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a> shareholders at the closing represent an aggregate of approximately 37.6 percent of the total shares of Viasat common stock on a fully diluted basis, with no Inmarsat shareholder receiving shares representing 10% or more. In connection with closing of the acquisition on May 30, 2023, Viasat drew down on approximately $1.35 billion of its committed financing package, including a $617 million secured term loan facility and a $733 million unsecured bridge loan. The lower financed amount reflects in part the reduction in the cash component of the purchase price.

Inmarsat acquired by Viasat

Inmarsat has been acquired by global communications company Viasat.

Inmarsat acquired by global communications company Viasat

<a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, a key player in yachting innovation and a part of the renowned <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Group</a>, presents its latest model, the <a data-gid="gid://syiq/YachtModel/12820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY15024.06m (78'11&quot;)">wallywhy150</a>, at the esteemed Salone Nautico Venezia. The magnificent backdrop of the Arsenale sets the stage for the awaited unveiling of this new <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a> model, which continues to redefine the boundaries of yacht design. <img src="https://photo-assets.superyachttimes.com/photo/272305/image/large-b13ba5d8b03fdf95ea029f0076b49ad1.jpg" data-gid="gid://syiq/Photo/272305">Crafted by the <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>-<a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Group</a> engineering team, with interior design by <a data-gid="gid://syiq/Company/289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vallicelli Design (Company)">Studio Vallicelli Design</a>, the <a data-gid="gid://syiq/YachtModel/12820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY15024.06m (78'11&quot;)">wallywhy150</a> embodies unrivalled exterior spaces on the 24.06-metre yacht, revolutionising the concept of a raised pilothouse design.<img src="https://photo-assets.superyachttimes.com/photo/240969/image/large-6f2c8eaeed26d90f395d478ea8d3fc4d.jpg" data-gid="gid://syiq/Photo/240969">Stefano de Vivo, <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally's</a> Managing Director, elaborates on the vision behind the <a data-gid="gid://syiq/YachtModel/12820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY15024.06m (78'11&quot;)">wallywhy150</a>: "Our objective was to anticipate market demands by developing a yacht that stays ahead of its time, drawing inspiration from the innovative features that made the <a data-gid="gid://syiq/YachtModel/10773" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY20027.03m (88'8&quot;)">wallywhy200</a> a resounding success. With its impressive 24-metre length and 150 GT, the <a data-gid="gid://syiq/YachtModel/12820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY15024.06m (78'11&quot;)">wallywhy150</a> is a versatile vessel, ideally suited for experienced owners who truly appreciate the masterful utilisation of space, expansive living areas, and its unmistakable personality. For nearly three decades, <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a> has been at the forefront of designing and constructing cutting-edge yachts, spearheading epochal changes in yacht design. We are confident that the <a data-gid="gid://syiq/YachtModel/12820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY15024.06m (78'11&quot;)">wallywhy150</a> will establish itself in diverse international markets."<img src="https://photo-assets.superyachttimes.com/photo/240970/image/large-d53641cb85dba30603e3c40f5f2013fc.jpg" data-gid="gid://syiq/Photo/240970"><img src="https://photo-assets.superyachttimes.com/photo/233568/image/large-d3f32291eb15820ba93695365be64ecd.jpg" data-gid="gid://syiq/Photo/233568">The <a data-gid="gid://syiq/YachtModel/12820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY15024.06m (78'11&quot;)">wallywhy150</a> sets new benchmarks for its size with its unparalleled exterior areas. The upper deck offers expansive open space, providing an immense amount of protected area. Onboard, owners and guests can relish a complete dining setting on the sundeck, a sunbathing area, a shaded lounge, and much more – almost the entire length of the vessel is dedicated to outdoor leisure and relaxation. A noteworthy feature of the <a data-gid="gid://syiq/YachtModel/12820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY15024.06m (78'11&quot;)">wallywhy150</a> is the floor-to-ceiling glass that dominates its design, enhancing the yacht's allure.<img src="https://photo-assets.superyachttimes.com/photo/240971/image/large-836df6d7e40c3dea2f8922c27dcce133.jpg" data-gid="gid://syiq/Photo/240971">Accommodation on the <a data-gid="gid://syiq/YachtModel/12820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY15024.06m (78'11&quot;)">wallywhy150</a> includes a forward master suite on the main deck, reminiscent of the <a data-gid="gid://syiq/YachtModel/10773" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY20027.03m (88'8&quot;)">wallywhy200</a>, offering unobstructed 270-degree panoramic views and a striking grand "amphitheatre of the sea" design, courtesy of its unusually high bow. Additional accommodations are located on the lower deck, which can be configured as a VIP, a double, and a twin guest suite or as a two VIP cabin layout. All staterooms benefit from the ample natural light streaming through the vast windows, creating an airy and contemporary ambience onboard.<img src="https://photo-assets.superyachttimes.com/photo/233570/image/large-8fd9cede24495563e986f9969ea912c6.jpg" data-gid="gid://syiq/Photo/233570">Luca Bassani, <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally's</a> Founder and Chief Designer, highlights the primary reason for the <a data-gid="gid://syiq/YachtModel/12820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY15024.06m (78'11&quot;)">wallywhy150's</a> uniqueness: "It is the simplicity and accessibility of the layout that makes it immensely appealing to a wide range of clients – it provides the ultimate flexible platform for those seeking to expand the boundaries of traditional planing-craft usage. This vessel is the first to offer direct access to the sea at cockpit level without the need for stairs; it is effectively a floating loft on the water."<img src="https://photo-assets.superyachttimes.com/photo/233571/image/large-f4a10353012d87bcea2a112e2b8faa33.jpg" data-gid="gid://syiq/Photo/233571">The aft deck of the <a data-gid="gid://syiq/YachtModel/12820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY15024.06m (78'11&quot;)">wallywhy150</a> presents a spacious and unobstructed platform featuring a hydraulic multipurpose ladder and a rising platform. Owners can customise this area according to their preferences, accommodating various water toys and a large 3.90-metre tender.Equipped with optional three IPS1350 engines, the <a data-gid="gid://syiq/YachtModel/12820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally WHY15024.06m (78'11&quot;)">wallywhy150</a> can achieve an impressive maximum speed of 23 knots, while the standard propulsion of three IPS1200 engines ensures a cruising speed of 17 knots.&nbsp;

Wally debuts wallywhy150 at the Venice Boat Show 2023

Wally unveils the innovative wallywhy150 described as the “floating loft on the water,” at the Venice Boat Show 2023. 



Wally debuts the wallywhy150 “floating loft on the water” at the Venice Boat Show 2023

The UAE-based property developer <a data-gid="gid://syiq/Company/7043" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nakheel Marinas (Company)">Nakheel</a> has announced a new marina, <a data-gid="gid://syiq/Company/7173" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nakheel Dubai Islands Marinas (Company)">Nakheel Marinas Dubai Islands</a>. The new marina can accommodate up to 13 superyachts, with 248 wet berths for yachts up to 47-metres and dry berths for trailers up to 20-metres. <img src="https://photo-assets.superyachttimes.com/photo/251709/image/large-9e8da947f36c6ae5ba54c5398f12c52a.jpg" data-gid="gid://syiq/Photo/251709">Situated along Dubai’s northern coastline at Dubai Islands, the new marina offers 24 hour dock assistance, club car transfer, waste collection and free wifi, among other amenities. The Dubai Islands Beach is within walking distance from the marina.<a data-gid="gid://syiq/Company/7043" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nakheel Marinas (Company)">Nakheel</a> also owns the two Palm Jumeirah Marinas on the east and west sides of the Palm Jumeirah and the two marinas can accommodate yachts up to 40-metres. &nbsp;Over recent years, Dubai has seen a major investment in the yachting facilities, with the construction and development of the <a data-gid="gid://syiq/Company/6804" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai Harbour Marina (Company)">Dubai Harbour Marina</a> and the <a data-gid="gid://syiq/Company/5856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mina Rashid Marina (Company)">Mina Rashid Marina</a>. With this investment, many European and American companies have opened office in Dubai, including <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons International</a> and <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>, securing the region's position as a major player in the international yachting industry.In 2022, SuperYacht Times acquired the Gulf Superyacht Summit, and in November hosted the first edition of the event. To find out more about the summit, to inquire about partnerships and tickets, you can find all the information of the website here: <a href="https://www.gulfsuperyachtsummit.com/" rel="noopener noreferrer" target="_blank" title="">gulfsuperyachtsummit.com</a>

Nakheel Marinas Dubai Islands opened

Dubai property developer Nakheel has opened a new marina in Dubai Islands.

Nakheel unveils new superyacht marina in Dubai Islands

The French electrical and electromechanical services company <a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)">Yachtelec</a> has been acquired by the ship repair and maintenance group AMARIX, the owner of MACOR and ETI Services companies. Amarix has acquired a 100 percent stake in the company which is based at <a data-gid="gid://syiq/Company/5375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Ciotat Shipyards (Company)">La Ciotat Shipyards</a> in the South of France. <a data-gid="gid://syiq/Company/7171" href="https://sya.superyachttimes.com/news#managed-by-system" target="_blank">Yachtelec</a> was founded in 2007 and has worked on more than 700 major yacht projects, with major industry names including <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/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> and <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>.<img src="https://photo-assets.superyachttimes.com/photo/272302/image/large-ea0546e0c00d33ed24f4d6320c131573.jpg" data-gid="gid://syiq/Photo/272302">The acquisition, for an undisclosed sum, is part of a wider strategy to increase the group’s market presence and to leverage the turnkey project capability of the company’s MACOR brand in the international superyacht sectors. MACOR specialises in the repair of mechanical and hydraulic systems and machinery, fabrication, and pipework. Since its formation in 1986, the company’s four business units has worked on more 3,000 vessels and represents some of the maritime industry’s market leading OEMs (original equipment manufacturers), operators and managers.<a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)"><img src="https://photo-assets.superyachttimes.com/photo/272303/image/large-e4cbb96766566bd6db8ae9ff0b316b1a.jpeg" data-gid="gid://syiq/Photo/272303"></a>“The acquisition of <a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)">YACHTELEC</a> makes complete sense and strengthens the group’s portfolio,” said AMARIX founder Nicolas Martinetti. “With <a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)">YACHTELEC</a> joining the group’s MACOR and ETI Services brands we close the circle to provide a complete turnkey services solution, covering all mechanical, hydraulic, electrical, electromechanical, and electronic systems onboard. We look forward to welcoming our new colleagues to the AMARIX family, now counting 75 employees, and working with them to ensure a seamless transition for our new clients and customers,” he said.Commenting on the developments taking place in the luxury yacht market, Xavier Deval, Amarix Group's Business Director, said: “It is forecast that that the luxury yacht will grow by 8% in the next five years, with the trend being for larger vessels. We are already seeing some yacht refit yards invest in facilities to meet the demand for larger, longer tonnage. But owners are also looking for models with a higher degree of customisation and features, such as state-of-the-art lighting and audio systems. We can now meet this demand. The inclusion of <a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)">YACHTELEC</a> to our portfolio significantly strengthens our network, almost doubling the number of technical experts and specialists we have in the field.”&nbsp;<a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)">Yachtelec</a> Director Remi Colace said: "The acquisition and integration in to AMARIX Group is a great step forward for YACHTELEC, ensuring brands continued development and growth trajectory. This makes us stronger and able to offer more technical packages and expertise to our superyacht customers and more."&nbsp;

Amarix Group acquires Yachtelec

The ship repair and maintenance group Amarix has acquired French electrical and electromechanical services company YACHTELEC. 

Repair and maintenance group Amarix acquires electromechanical services company Yachtelec

<a data-gid="gid://syiq/Company/6468" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Next Yacht Group (Company)">Next Yacht Group</a> has announced the launch of the 34.99-metre <a data-gid="gid://syiq/Company/536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora (Company)">Maiora</a> 35 Exuma yacht. The Maiora 35 Exuma yacht is characterised by her impressive performance and expansive interior spaces.<img src="https://photo-assets.superyachttimes.com/photo/271066/image/large-c7249531e1b5d86d843b54275e5e6845.jpeg" data-gid="gid://syiq/Photo/271066">The <a data-gid="gid://syiq/Company/536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora (Company)">Maiora</a> 35 Exuma yacht showcases a straight bow and fully open stern and is constructed from a composite material. She boasts sleek and stylish lines with a sporty exterior profile and a bespoke interior design.The <a data-gid="gid://syiq/Company/536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora (Company)">Maiora</a> 35 Exuma yacht has been customised to meet the needs of her owner, with her pilot house positioned forward on the main deck. A second pilothouse can be found on the upper deck, allowing the owner to control her, while surrounded by friends and family.<img src="https://photo-assets.superyachttimes.com/photo/272292/image/large-2d84df21bffb9ac88fb075dc34d04b3c.png" data-gid="gid://syiq/Photo/272292">The <a data-gid="gid://syiq/Company/536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora (Company)">Maiora</a> 35 Exuma can accommodate up to 11 guests in 5 staterooms consisting of a full-beam master stateroom, located forward on the main deck and four VIP suites on the lower deck. She also has accommodation for a crew of six.Glass has been used extensively on the <a data-gid="gid://syiq/Company/536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora (Company)">Maiora</a> 35 Exuma yacht with floor-to-ceiling windows in her main saloon and guest accommodations. Her upper deck features a 47 square-metre saloon, which can be easily converted into over 130 square-metres by opening a door, sliding the “moon-roof” open, and lowering the side glazed surfaces.<img src="https://photo-assets.superyachttimes.com/photo/272291/image/large-d274b6d0a86d4cca227b2122c1a071d4.png" data-gid="gid://syiq/Photo/272291">The <a data-gid="gid://syiq/Company/536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora (Company)">Maiora</a> 35 Exuma yacht is able to store a 6.5-metre tender in the side garage, while a second garage located aft can fit a 3.5-metre service tender and countless toys. 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> 2,000 horsepower engines, which provide her with a top speed of almost 35 knots.

Maiora 35 Exuma yacht launch

Next Yacht Group has announced the launch of the 35m Maiora 35 Exuma yacht.

Next Yacht Group launches Maiora 35 Exuma yacht

<a data-gid="gid://syiq/Company/2973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Moments (Company)">Yacht Moments</a> and <a data-gid="gid://syiq/Company/58" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luca Dini Design & Architecture (Company)">Luca Dini Design &amp; Architecture</a> have unveiled the renderings for a new 49.9-metre superyacht concept. The steel and aluminium motor yacht is a joint development and has been designed for those who want to experience sea life to the fullest.<img src="https://photo-assets.superyachttimes.com/photo/272259/image/large-37e3b6c9fde660e58dc1de5ee8848de5.jpg" data-gid="gid://syiq/Photo/272259">The 49.9-metre superyacht concept is characterised by a sleek and sporty design with curved, soft and sinuous lines. She features interior and exterior design by <a data-gid="gid://syiq/Company/58" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luca Dini Design & Architecture (Company)">Luca Dini Design &amp; Architectur</a>e and takes inspiration from modern and futuristic silhouettes.<img src="https://photo-assets.superyachttimes.com/photo/272247/image/large-73cf166ab860fb1b3e4281aa0047c0fb.jpg" data-gid="gid://syiq/Photo/272247">The yacht features large open spaces and large windows to allow guests to enjoy the full view of the panorama. Attention to detail can be seen in her gunwales which have been hollowed out and reduced to a minimum, so that the view from inside encounters as few obstacles as possible.<img src="https://photo-assets.superyachttimes.com/photo/272246/image/large-51589d376907446d0ebfddd4fa49f052.jpg" data-gid="gid://syiq/Photo/272246">Her modern and futuristic interior features organic shapes with cutting-edge technologies. She uses high-quality materials such as Macassar ebony wood and high-gloss metals to create a play of light and a luxurious atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/272248/image/large-681ee2dc92818d3d3653e620767c2c8b.jpg" data-gid="gid://syiq/Photo/272248"><img src="https://photo-assets.superyachttimes.com/photo/272255/image/large-92a7e4637e0e904fe3027bc4bbb0a823.jpg" data-gid="gid://syiq/Photo/272255"><img src="https://photo-assets.superyachttimes.com/photo/272252/image/large-5eb1df57f1933af3cb9b6740be997953.jpg" data-gid="gid://syiq/Photo/272252">The superyacht can comfortably sleep up to 12 guests across six staterooms, as well as a crew of nine across five cabins.<img src="https://photo-assets.superyachttimes.com/photo/272260/image/large-13f7ccecfe7141f0ceee13d48fa97407.jpg" data-gid="gid://syiq/Photo/272260">Key features onboard the superyacht include her main deck aft cockpit, which was raised to maximise the height of the beach club below. The open terrace provides 180-degree views, with a large Jacuzzi and adjoining sunbathing area. <img src="https://photo-assets.superyachttimes.com/photo/272244/image/large-a17c8b53f19743b482575d3641e4f629.jpg" data-gid="gid://syiq/Photo/272244">From here there is easy access to the upper deck aft, which includes an alfresco dining and lounge area. A multipurpose platform is located beyond the wheelhouse and can be used as a sunbathing area with freestanding furnishings, party deck, and a touch-and-go helipad.<img src="https://photo-assets.superyachttimes.com/photo/272245/image/large-3ffd16b8e2f25610ec39200f4558894f.jpg" data-gid="gid://syiq/Photo/272245">Her sundeck is home to a freshwater pool with Jacuzzi functions and a glass bottom. A second pool on the aft deck will also be equipped with glass bottom and Jacuzzi functions and will have a jet-nozzle to create a current for swimming.<img src="https://photo-assets.superyachttimes.com/photo/272243/image/large-56e0e858b44376c67e3b830eb0500040.jpg" data-gid="gid://syiq/Photo/272243">The superyacht features an extensive beach club with a moveable lifting system swimming platform. The area can be opened from three sides, allowing for a constant flow of air and light to create a multifunctional area.<img src="https://photo-assets.superyachttimes.com/photo/272257/image/large-d82e1d5562cde902c6801993e3881ead.jpg" data-gid="gid://syiq/Photo/272257">Her bow features a covered mooring area with adjoining garage for a tender and Jet Ski, and part of the deck can be lifted, thanks to a hydraulic system to allow the crew access to this area without any interruptions to her guests.<img src="https://photo-assets.superyachttimes.com/photo/272242/image/large-3e97b1b406f4cb36476add10bd602151.jpg" data-gid="gid://syiq/Photo/272242">In terms of propulsion, the 50m superyacht can be 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> or <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines which will provide her with a cruising speed of 14 knots and a top speed of 16 knots.

Luca Dini 50m superyacht concept

Yacht Moments and Luca Dini Design & Architecture have unveiled the renderings for a new 50m superyacht concept. 

New 50m superyacht concept with futuristic interiors and floating aft deck

<a data-gid="gid://syiq/Company/5775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo SY Refit (Company)">Palumbo SuperYachts Refit (PSY)</a> has announced that they will expand the company's commitment to sustainability in yachting by developing more sustainable measures. Members discussed the future of yachting and ways to make it more environmentally sustainable during a Julius Baer Sustainability Circle event on 4 May at <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>.<img src="https://photo-assets.superyachttimes.com/photo/272210/image/large-1965c1dd5270b57f30a8f954065904aa.jpg" data-gid="gid://syiq/Photo/272210">The event discussed actions such as the installation of solar panels on key infrastructures, as well as renewable energy sourcing, ways to reduce emissions and research activities.“At <a data-gid="gid://syiq/Company/5775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo SY Refit (Company)">Palumbo SuperYachts Refit</a>, we believe we are in a good position, as we have always put the process at the centre of our philosophy, which has also meant for some time that we invest in the green transition of infrastructures and procedures in all the yards of the network,” explained Luciano Bregola, Marseille Yard General manager and engineer.<img src="https://photo-assets.superyachttimes.com/photo/272211/image/large-5c29f2a6d374ad289d90efa6e65d1444.jpg" data-gid="gid://syiq/Photo/272211">The event revolved around the future of yachting with the objective to address the challenges of the yachting industry, in regard to its environmental footprint and how this can be reduced. “<a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">PSY</a> believes that sustainability starts from people's mindset and develops in the procedures in which yachts are built, managed, converted, and repaired. We acknowledge the importance of individual actions, since together we have the power to deliver a green boost to the market,” explained Luciano Bregola.<img src="https://photo-assets.superyachttimes.com/photo/226398/image/large-eebaf16cba4bbfdac598e8698268ec06.jpg" data-gid="gid://syiq/Photo/226398"><a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo SuperYachts</a> already has several ongoing projects and developments to support more sustainable yachting. These include the improvement and expansion of green refitting procedures for yachts, such as eco-friendly paint and advanced water treatment plants. <img src="https://photo-assets.superyachttimes.com/photo/226399/image/large-2e0a55e82cf6a21294548894f5e0b891.jpg" data-gid="gid://syiq/Photo/226399">The company also uses more sustainable technology and renewable energy across boats, shipyards and related facilities, with LED lighting and solar panels. Palumbo SuperYachts has also committed to installing photovoltaic infrastructure across its facilities in the Mediterranean by 2025.<img src="https://photo-assets.superyachttimes.com/photo/226396/image/large-330aaaedb6ee254141840d21fbe54500.jpg" data-gid="gid://syiq/Photo/226396">As well as this, <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo SuperYachts</a> is currently working with <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a> on research and development into lithium batteries, green hydrogen, and green methanol. “<a data-gid="gid://syiq/Company/5775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo SY Refit (Company)">PSY</a>, together with <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a>, is studying the potential of new fuels that offer the possibility of reducing carbon dioxide emissions through the gradual replacement of fossil fuels by renewable energy,” added Luciano Bregola. <img src="https://photo-assets.superyachttimes.com/photo/54847/image/large-a5c62f6145b78682aefa08e81aecee8a.jpg" data-gid="gid://syiq/Photo/54847">By expanding its commitment to sustainability, <a data-gid="gid://syiq/Company/5775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo SY Refit (Company)">Palumbo SuperYacht Refit</a> aims to take on a leadership role in the building, refitting, converting and maintaining of superyachts. “<a data-gid="gid://syiq/Company/5775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo SY Refit (Company)">PSY</a> acknowledges that the yachting industry still faces different challenges in this area that it is important to tackle, and this is why the company will keep investing in facilities and in research and development activities, with the aim of making the future of the yachting industry greener,” concluded <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo SuperYachts</a>.

Palumbo SY Refit expands commitment to sustainability in yachting

Palumbo SuperYachts has announced that they will expand the company's commitment to sustainability in yachting with more sustainable measures.

Turkey-based shipyard <a data-gid="gid://syiq/Company/4644" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AKYACHT (Company)">AKYACHT</a> has announced that they have signed a contract for a new 100 plus-metre superyacht. The steel and aluminium motor yacht will be the largest yacht built at the <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyd's</a>-certified shipyard and has an expected delivery date of 2027.<img src="https://photo-assets.superyachttimes.com/photo/272216/image/large-30ecf66582fba3fac855139b828ac216.jpg" data-gid="gid://syiq/Photo/272216">According to the shipyard, the 100 plus-metre superyacht “combines uncompromised luxury, technology, engineering, and propulsion for a very-experienced client.” <a data-gid="gid://syiq/Company/4644" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AKYACHT (Company)">AKYACHT</a> are no strangers to large builds, with their first breakthrough project <a data-gid="gid://syiq/Yacht/1591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Victorious85.01m (278'11&quot;)AKYACHT2021">Victorious</a> measuring 85.01-metres.<a data-gid="gid://syiq/Yacht/1591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Victorious85.01m (278'11&quot;)AKYACHT2021">Victorious</a> was delivered in 2021 and was one of the most show stopping yachts on display at the <a data-gid="gid://syiq/Event/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2021">Monaco Yacht Show</a> that year. She boasts exterior design by <a data-gid="gid://syiq/Company/25" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Michael Leach Design Ltd. (Company)">Michael Leach Design Ltd</a>, with naval architecture by her builder.&nbsp;Read: <a data-gid="gid://syiq/Article/54057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Onboard AKYacht's magnificent 85m superyacht Victorious (2021-11-11 10:00:00 +0100)">Onboard AKYacht's magnificent 85m superyacht Victorious</a>With 2,291 GT of interior space, <a data-gid="gid://syiq/Yacht/1591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Victorious85.01m (278'11&quot;)AKYACHT2021">Victorious</a> features interior design by <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2 Yacht Design</a> which have emulated the modernity and grace of a five star hotel. She is able to accommodate up to 24 guests across 12 staterooms, as well as a crew of 28.

AKYACHT 100-metre yacht

AKYACHT has announced that they have signed a contract for a new +100-metre superyacht. 

AKYACHT signs contract for new 100 plus-metre superyacht with 2027 delivery date

Dutch sailing yachts on the market

Discover the SuperYacht Times covets for Dutch sailing yachts currently for sale. 

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Exceptional Dutch sailing yachts for sale

The 25.61-metre <a data-gid="gid://syiq/Company/1302" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kuipers Woudsend (Company)">Kuiper Woudsend</a> motor yacht <a data-gid="gid://syiq/Yacht/4037" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blue Pearl25.61m (84'0&quot;)Kuipers Woudsend2000">Blue Pearl</a> sold in an in-house deal at <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>, with Marco Fodale introducing the buyer and seller alongside James Nason.<img src="https://photo-assets.superyachttimes.com/photo/228559/image/large-17dbce0e768220309170736a32e0253c.jpg" data-gid="gid://syiq/Photo/228559"><a data-gid="gid://syiq/Yacht/4037" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blue Pearl25.61m (84'0&quot;)Kuipers Woudsend2000">Blue Pearl</a> was delivered in 2000 from the Netherlands and features exterior and naval architecture from <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>. The pocket explorer yacht is believed to be the last 84 <a data-gid="gid://syiq/Company/1302" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kuipers Woudsend (Company)">Kuipers</a> Doggersbank yacht built that was personally overseen by Mr Kuipers.<img src="https://photo-assets.superyachttimes.com/photo/228561/image/large-7dea575101907117539ddb7971def6dc.jpg" data-gid="gid://syiq/Photo/228561"><img src="https://photo-assets.superyachttimes.com/photo/228562/image/large-a6e746422be6ade18286a75c7d784f7e.jpg" data-gid="gid://syiq/Photo/228562"><img src="https://photo-assets.superyachttimes.com/photo/228564/image/large-eb693508c1ff296cf4cfbfa6d2d843ff.jpg" data-gid="gid://syiq/Photo/228564">With 120 GT of interior space and designs from <a data-gid="gid://syiq/Company/31" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="John Munford Design (Company)">John Munford Design</a>, <a data-gid="gid://syiq/Yacht/4037" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blue Pearl25.61m (84'0&quot;)Kuipers Woudsend2000">Blue Pearl</a>’s interior is finished with traditional wooden walls and cream carpets. She can accommodate as many as six guests between three staterooms, as well as a crew of three in two cabins.<img src="https://photo-assets.superyachttimes.com/photo/228565/image/large-25cb6385ed6cbde8ade535bc04eb95f1.jpg" data-gid="gid://syiq/Photo/228565"><img src="https://photo-assets.superyachttimes.com/photo/228560/image/large-e3843c94c99547b35e1d8c34ef9b9818.jpg" data-gid="gid://syiq/Photo/228560">In terms of performance, <a data-gid="gid://syiq/Yacht/4037" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blue Pearl25.61m (84'0&quot;)Kuipers Woudsend2000">Blue Pearl</a> has a top speed of 12 knots and a cruising speed of 10 knots, 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 and offering a 4,000 nautical mile range. At the time of her sale, <a data-gid="gid://syiq/Yacht/4037" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blue Pearl25.61m (84'0&quot;)Kuipers Woudsend2000">Blue Pearl</a> had a last known asking price of $2,000,000.<img src="https://photo-assets.superyachttimes.com/photo/228566/image/large-bc89ff87e4beb7f28c7fe8b733f6379e.jpg" data-gid="gid://syiq/Photo/228566">

26m Kuiper Woudsend yacht Blue Pearl sold

The 26m Kuiper Woudsend motor yacht Blue Pearl sold in an in-house deal at Fraser. She had a last known asking price of $2,000,000.