<a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a>, a provider of superyacht services, has announced the opening of several new offices in the Kingdom of Saudi Arabia (KSA), marking a significant expansion.<img src="https://photo-assets.superyachttimes.com/photo/331228/image/large-382e40036ac6dfcedddc97cedcdbb66a.jpeg" data-gid="gid://syiq/Photo/331228">In partnership with Faisal M. Higgi &amp; Associates Co., the company is establishing strategically positioned offices in key port locations such as Yanbu (serving as the headquarters), Jeddah, Jizan, Rabigh, Duba, Dammam, and <a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah</a> in <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>.&nbsp;Commenting on the partnership, Abdulaziz Faisal Higgi, Managing Partner at <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a> Saudi Arabia, stated, “At Faisal Higgi Company, our collaboration with <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a> perfectly complements Saudi Arabia’s Vision 2030. Together, we are dedicated to enriching the yachting experience in our local market, introducing world-class expertise to the region, and playing a pivotal role in the development of luxury maritime tourism along the Saudi shores.”Read:&nbsp;<a data-gid="gid://syiq/Article/60978" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A look at Saudi Arabia's marina developments (2024-08-08 16:00:00 +0200)">A look at Saudi Arabia's marina developments</a>The aim of the expansion is designed to provide continuous support throughout the clients' journeys, ensuring seamless service from the Mediterranean to Egypt’s Suez Canal and the Gulf, through the Red Sea to <a data-gid="gid://syiq/Company/7283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sindalah Marina (Company)">Sindalah</a>, and beyond."We are thrilled to establish operations in Saudi Arabia, a region experiencing rapid growth in the yachting sector. Our partnership with Faisal M. Higgi &amp; Associates Co. Ltd underscores our dedication to delivering unparalleled services to our clients as they navigate the exceptional destinations along the Saudi Arabian coastline," stated Nikolaos Patsiokas, COO of <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a>. <img src="https://photo-assets.superyachttimes.com/photo/285492/image/large-4b771601-8882-42a3-840f-de9e06e3473e.jpeg" data-gid="gid://syiq/Photo/285492"><a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a>'s expansion into Saudi Arabia represents a significant contribution to the country's Vision 2030 initiative, which aims to diversify the economy, enhance tourism, and establish the region as a premier destination for luxury yachting.

BWA Yachting opens new offices in the Kingdom of Saudi Arabia

Jeddah, Saudi Arabia

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Jeddah Yacht Club and Marina 

BWA Yachting, a provider of superyacht services, has announced the opening of several new offices in the Kingdom of Saudi Arabia (KSA).

<a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a> has announced that it has agreed upon a lease of construction facilities within the Maritime Industry and Business Park Volkswerft Stralsund in Germany. <img src="https://photo-assets.superyachttimes.com/photo/395892/image/large-3ca38fdddd01e9ee25c8a081829cb148.jpg" data-gid="gid://syiq/Photo/395892">Located in the Hanseatic city of Stralsund, Volkswerft Stralsund the 34-hectare site was purchased by the city in February 2022, with the council working to develop it into a maritime industrial and commercial park.The Maritime Industrial and Commercial Park Volkswerft is already home to around 20 companies and offers extensive hall space, heavy-lift capabilities of up to 1,000 tonnes, direct water access and a highly skilled regional workforce.<img src="https://photo-assets.superyachttimes.com/photo/395889/image/large-a9056b5f718fa19673449bfbc198222e.jpg" data-gid="gid://syiq/Photo/395889">“Stralsund offers exactly the kind of environment we were looking for,” explained Henning Dörries, CEO of <a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a>. “This is more than simply additional space, itis about creating the right environment to deliver ambitious projects efficiently and effectively.”Volkswerft Stralsund offers 97,000 square-metres of hall space, 32,000 square-metres of equipped office space and 24,00 square-metres of equipped workshop space and offers access via road, rail and inland/sea shipping.<img src="https://photo-assets.superyachttimes.com/photo/395893/image/large-0f32488cbf3c13ffc99a8b3423fba5fc.jpg" data-gid="gid://syiq/Photo/395893">“We are proud to welcome their success and expertise in the superyacht sector to our maritime industrial and commercial park,” said Volkswerft Stralsund. “Our facilities offer ideal conditions for conversion and new-build projects.”“The combination of infrastructure, expertise and maritime heritage available in Stralsund makes it a natural fit for our future plans,” concluded Dörries.<a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a> has unveiled several superyacht concepts over the years, including the 75-metre <a data-gid="gid://syiq/Article/64397" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts & Phathom Studio unveil 75m superyacht concept Alyra (2025-10-02 14:45:00 +0200)">Alyra</a> designed by <a data-gid="gid://syiq/Company/5530" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phathom Studio (Company)">Phathom Studio</a> and the 115.2-metre <a data-gid="gid://syiq/Article/61224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First Look: Dörries Yachts unveils 115m H2-designed superyacht concept Zephyr (2024-08-12 11:15:00 +0200)">Zephyr</a> yacht designed 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>.<img src="https://photo-assets.superyachttimes.com/photo/395888/image/large-55c7722186f293194a8fedc63a57e1bb.jpg" data-gid="gid://syiq/Photo/395888">

Dörries Yachts construction facilities at Volkswerft Stralsund

Dörries Yachts has announced that it has agreed upon a lease of construction facilities at Volkswerft Stralsund in Germany.

Dörries Yachts agrees lease for new shipyard in Germany

Turkish shipyard <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a> has announced the opening of its new office in Miami, located within the <a data-gid="gid://syiq/Company/5531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Merrill-Stevens (Company)">RMK-Merrill Stevens</a> shipyard.<img src="https://photo-assets.superyachttimes.com/photo/394024/image/large-88b0e0522bf33263dfbbf56ce38eaf78.jpg" data-gid="gid://syiq/Photo/394024">According to the company, this marks a strategic expansion, with Miami recognised as one of the key hubs in the global superyacht market as the company continues to grow its international footprint.“The move reflects <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a>’ long-term commitment to building closer relationships with the U.S-based clients while providing direct, on-the-ground support throughout every stage of yacht ownership,” the compant commented.<a data-gid="gid://syiq/Company/5531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Merrill-Stevens (Company)">RMK-Merrill Stevens</a> is a superyacht refit and repair facility, where RMK Yachts will establish a permanent operational and client-facing presence in the region. Through this, the yard aims to offer clients both its design and engineering expertise, supported by a service network aligned with the international standards.<img src="https://photo-assets.superyachttimes.com/photo/394025/image/large-bef8bfc56ba41776d45294fd74010f0d.jpg" data-gid="gid://syiq/Photo/394025">“The decision to establish a Miami office reflects a clear understanding of the priorities of American yacht owners, who place significant value on having a trusted local representative connected directly to the shipyard,” explained the company.<a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a>’ U.S representative and broker, Juan Morillo, will support the collaboration between <a data-gid="gid://syiq/Company/5531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Merrill-Stevens (Company)">RMK-Merrill Stevens</a> and <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a> to ensure seamless service for American clients.&nbsp;“For U.S. clients, proximity is not simply a preference, it is a matter of trust,” concluded <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a> Director Cuneyt Okcu. “Having a physical presence there means being accessible, accountable, and responsive, particularly when it comes to after-sales support and warranty services.”

RMK opens new Miami office

Turkish shipyard RMK Yachts has announced the opening of its new office in Miami.

RMK Yachts opens new Miami office within the RMK-Merrill Stevens shipyard

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

Safe Harbor’s Monaco Marine acquisition

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

Behind the Safe Harbor rebrand of Monaco Marine

<a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> has announced a strategic partnership with <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a>, with the yacht investment and development company joining as a new shareholder. <img src="https://photo-assets.superyachttimes.com/photo/392443/image/large-7b239a9ab0b56b5f06daa74235a5c53a.png" data-gid="gid://syiq/Photo/392443">The agreement sees <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a> officially becoming part of the shareholding structure of <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider Luxembourg S.à r.l.</a> The partnership includes a plan for <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a> to gradually increase its stake, with the full process expected to be completed by the end of 2026. This move aims to provide Wider with new financial support to help carry out its long-term business plans.<a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a> has provided a capital increase into the company, rather than buying shares from existing owners, providing the company with more money to invest in its future plans.&nbsp;According to Wider, this strategic partnership focuses on accelerating international growth, expanding its global sales network and broadening its product portfolio, while retaining its operational base in Italy’s Marche region.“The entry of <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld</a> into <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a>’s capital is a fundamental moment that certifies the value of our vision,” said Marcello Maggi, board member of <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider Luxembourg S.à r.l.</a> “It is not just a financial partnership, but a synergy of intent.” <img src="https://photo-assets.superyachttimes.com/photo/253922/image/large-ba7beb6ee8e753c9d11dd80c094e8252.jpg" data-gid="gid://syiq/Photo/253922" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">The partnership builds on an existing relationship between the two companies, which began in 2025 with the presentation of the Oceans Yachts brand and the Oceans 47 model, developed in collaboration with <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>.Lydia Pascarelli, CEO of <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a>, added: “We are excited to join <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> and contribute to its ongoing growth. We have closely followed the shipyard’s evolution and look forward to supporting the brand’s global development. We believe <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> is well positioned to become a benchmark in luxury yachting.”&nbsp;Furthermore, the agreement is expected to boost <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a>’s position in key international markets by leveraging <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld</a>’s established Middle Eastern network for yacht sales, distribution, construction, and after-sales services.Founded in 2010, <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> is known as one of the early adopters of serial hybrid propulsion systems. The company currently operates facilities on the Adriatic coast: its Fano headquarters for serial production and its Venice facilities, where full-custom steel and aluminum superyachts such as the <a data-gid="gid://syiq/Article/59498" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 28m WiderCat 92 hybrid-propulsion yacht Acali launched (2024-01-15 14:30:00 +0100)">WiderCat 92</a> are built.<a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a>, headquartered in the GCC, operates a broad marine network, spanning maritime services, brokerage, boat construction and management, distribution and technical services, as well as representing several international yacht brands in the region.

Wider announces strategic partnership with OceanWorld Group

Italian shipyard Wider announces a strategic partnership with OceanWorld Group, with a capital investment to support global expansion.

 OceanWorld Group becomes shareholder in Wider through new investment

The entire partnership of <a data-gid="gid://syiq/Company/3577" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Clyde & Co (Company)">Clyde &amp; Co</a>’s Hamburg office, together with almost the entire team, is leaving the firm and founding the independent law firm NoordenJones Partnerschaft von Rechtsanwälten und Solicitors mbB (NoordenJones) on 1 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/392259/image/large-7ee97b534df217d776f5c82a25f09922.jpg" data-gid="gid://syiq/Photo/392259">The founding partnership comprises Dr Clemens Hillmer, Dr Eckehard Volz, Dr Volker Lücke, Dr Tim Schommer, Daniel Jones and Dr Stefan Ullrich, alongside newly appointed partners Rory Duncan, Jakob Haas and Anna-Sophie Waldmann.Headquartered in Hamburg, NoordenJones advises on both German and English law, supporting a broad international client base through an established global network of independent firms.NoordenJones’ services span banking and finance, corporate and M&amp;A, commercial, construction, dispute resolution, regulatory matters, restructuring and insolvency, as well as trade and commodities.The firm’s client portfolio includes shipping companies, logistics providers, shipyards, insurers, reinsurers and brokers, in addition to banks, investors and infrastructure developers. Notably, NoordenJones also places emphasis on private wealth advisory, supporting high-net-worth individuals, family offices and their advisers on complex cross-border matters.Within the yachting sector, the firm brings more than two decades of experience advising on high-value assets, including yacht new-build and refit projects, as well as operational and management matters. Its expertise extends to supporting owners and project managers involved in large, complex yacht constructions.“We have been advising many of our clients for over 20 years,” explained NoordenJones, “With NoordenJones, we are creating an independent platform that enables us to provide even more entrepreneurial, flexible and international advice, particularly on complex cross-border matters.”

Clyde & Co Hamburg launches NoordenJones

The entire partnership of Clyde & Co’s Hamburg office, together with almost the entire team, has founded independent law firm NoordenJones.

Clyde & Co Hamburg team launches independent law firm NoordenJones

<a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a> has launched Amico Marine, a new brand representing its network of companies which offer full technical and operational support to superyacht owners, crew and managers.<img src="https://photo-assets.superyachttimes.com/photo/392048/image/large-008affbb539b7acc2e75055597e78dda.jpg" data-gid="gid://syiq/Photo/392048">Amico Marine brings together under one identity the shipyards and companies active in refit, maintenance and services dedicated to the yacht sector. Aimed at enhancing the structure of the brand, Amico Marine combines these companies through <a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a>’s extensive portfolio, which has been developed over more than 30 years.&nbsp;“With the launch of Amico Marine, we aim to clearly and consistently represent our identity: a network of companies providing full technical and operational support to owners, crews, and managers at every stage of a superyacht’s life,” explained Alberto Amico, Founder &amp; Partner of <a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a>.Alongside the main refit activities of <a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a> and <a data-gid="gid://syiq/Company/2553" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico Loano (Company)">Amico Loano</a>, Amico Marine includes the recently upgraded Gatti boatyard, which is capable of handling boats and tenders up to 30 metres, as well as the 26-berth Waterfront Marina, which accommodates yachts up to 120 metres, and the Acier-Sarimi metalwork workshops. <img src="https://photo-assets.superyachttimes.com/photo/392047/image/large-36ce94826c1b6da5effb23b2b8954823.jpg" data-gid="gid://syiq/Photo/392047">“Amico Marine embodies tradition, technical expertise, and long-term vision, strengthening our international presence and reaffirming our commitment to delivering excellence with constant attention to the client,” added Alberto Amico.The system is completed by Amico Servizi (general services and operational coordination) and Marine Tools (specialised digital solutions for yacht management processes). Services for clients and crews are delivered through Genoa Superyacht Hub, a company managed in partnership with the Pesto Group.“The Amico Marine system represents the evolution of our strategic vision and the result of the long growth journey of <a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a>,” concluded Bruno Guglielmini, CEO of <a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a>. “By integrating shipyard operations with marina services, technical services, and the local area, we have contributed to making Genoa one of the world’s leading hubs of excellence in the sector, a position we intend to further strengthen.”(Images courtesy of Amico &amp; Co.)

Amico & Co launches Amico Marine

Amico & Co has launched Amico Marine, a new brand representing its network of companies in the superyacht sector.

Amico & Co launches Amico Marine to combine superyacht services under one brand

<a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">Ocean Platform Marinas (OPM)</a> and <a data-gid="gid://syiq/Company/8807" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Global Ports Holding (Company)">Global Ports Holding</a> have officially commenced operations at the new cruise and superyacht terminal in the Port of Seville, Spain. <img src="https://photo-assets.superyachttimes.com/photo/391682/image/large-3600416ec863f9e4b0ea7f9abb67fe9f.jpeg" data-gid="gid://syiq/Photo/391682">Operating under the company Global Ports and OPM Sevilla, both companies will manage the facilities for the next 25 years, under a concession model that includes a planned investment of more than €5 million.The collaboration combines <a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">OPM</a>’s experience in marina operations with <a data-gid="gid://syiq/Company/8807" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Global Ports Holding (Company)">Global Ports Holding</a>’s global cruise port network, which spans Europe, Asia, Africa and the Caribbean. The concession covers a total area of 5,100 square-metres at the Delicias Quay, which currently accommodates the cruise terminal, adjacent esplanades and the berthing line.In addition, 1,548 square-metres at the Tablada Quay are included in the project, where a new cruise terminal will be developed within one of the port’s historic warehouse buildings, as part of the wider Urban Port District initiative.Once cruise operations are transferred to Tablada, the Delicias Quay will be repurposed exclusively as a marina for large yachts. This reconfiguration is expected to improve separation between cruise and yachting activities, allowing for more specialised services tailored to each segment.The development is intended to enhance Seville’s attractiveness as a destination for both cruise traffic and large yachts, with a focus on improving passenger services, increasing operational efficiency and strengthening the connection between the port and the city.Investment across the project will be directed primarily towards the development of the new Tablada terminal and a broader upgrade of infrastructure and services for both cruise vessels and yachts.Last month it was announced that Spanish tennis player Rafael Nadal’s investment holding company Aspemir had <a data-gid="gid://syiq/Article/65649" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rafael Nadal and Aspemir acquire stake in Ocean Platform Marinas (2026-03-17 15:15:00 +0100)">acquired a minority stake in OPM</a>. According to <a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">OPM</a>, the incorporation of Aspemir strengthens the Spanish and Mediterranean identity of the project, as well as reinforcing its ties with Mallorca and the Balearic yachting community.

Port of Seville new cruise and superyacht terminal

OPM and Global Ports Holding have officially commenced operations at the new cruise and superyacht terminal in the Port of Seville, Italy.

OPM and Global Ports Holding launch new superyacht and cruise terminal in Port of Seville

Teak deck manufacturer and Deutsche Yachten member <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a> has announced the acquisition of all shares in <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a>, a sustainable teak wood alternative manufacturer. The strategic move aims to strengthen its position within the yacht decking and marine flooring sector. <img src="https://photo-assets.superyachttimes.com/photo/297871/image/large-e1379225de3c4bffd33d9d492ec6adcf.jpg" data-gid="gid://syiq/Photo/297871" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">The acquisition is set to integrate <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a>’s expertise into <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a>’s existing operations, with the aim of expanding its product offering and accelerating the development of alternative decking solutions. Both companies will keep working with their current customers, teams and locations, ensuring a smooth transition.<a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a> has built a reputation for its expertise in alternative yacht decking materials. Developed as part of a research project by <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen Shipyard</a> in partnership with the University of Göttingen, <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a> is produced using natural, fast-growing wood sourced from controlled, sustainable forest management.<img src="https://photo-assets.superyachttimes.com/photo/297809/image/large-281846d87118d0c01faf0b125d01ac34.jpg" data-gid="gid://syiq/Photo/297809">Its products have been installed on a number of high-profile projects, including Project Fox, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> and the <a data-gid="gid://syiq/Yacht/6355" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="REV Ocean194.9m (639'5&quot;)Vard Group AS2027">REV Ocean</a>. <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a>’s solutions are designed to replace traditional teak wood, meeting the growing demand for more sustainable materials in the superyacht industry. <img src="https://photo-assets.superyachttimes.com/photo/365568/image/large-ddd95d9367bf908ff3b5c55c8692405f.jpg" data-gid="gid://syiq/Photo/365568">“The acquisition of <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a> is an important milestone in our company’s development,” said Michael Wolz. “We look forward to combining the strengths of both companies and jointly setting new trends for our customers and the market.”Founded in 1927, <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a> produces prefabricated and pre-manufactured teak decking solutions. The company offers services encompassing decking, exterior furniture, interiors, bathrooms, manufacturing and after-sales services, supporting a wide range of yacht construction and refit projects.With two production sites in Germany and approximately 110 employees, the company had a reported turnover of €16.4 million in 2025. Moreover, <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a> is part of the Deutsche Yachten network, which comprises a number of German companies involved in the construction and outfitting of yachts over 30 metres.

Wolz Nautic acquires TESUMO

 Wolz Nautic has acquired all shares in TESUMO, strengthening its marine decking portfolio.

Wolz Nautic acquires alternative teak solutions company TESUMO

Turkish shipyard <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a> has begun construction of a new shipyard solely dedicated to yacht building in Yalova, nearby Istanbul. Spanning 70,000 square-metres, the waterfront development aims to “establish a new benchmark for yacht production in Turkey through its architectural vision, advanced technical infrastructure and sustainability-driven philosophy,” according to <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/385934/image/large-b1c801461a6a91cffb755a266c7b377b.jpeg" data-gid="gid://syiq/Photo/385934">As part of the expansion and their undertaking to be a major player in the superyacht market globally, <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Marine</a> Tuzla facilities will shift their focus exclusively to commercial and military projects, allowing for increased production of both yacht and shipbuilding capacities through their respective specialised facilities.&nbsp;Relocation to the new Yalova shipyard is scheduled to begin in the final quarter of 2026, with full operational capacity targeted for 2027. <img src="https://photo-assets.superyachttimes.com/photo/385935/image/large-7cb883a223cf2c899b3b6b9ef604fc1d.jpeg" data-gid="gid://syiq/Photo/385935" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">The new shipyard has been conceived with a holistic approach to yacht construction, which entails integrating production flow, architectural layout and human-centred design with the yard’s culture. The site will incorporate maritime-inspired offices, production workshops and hangars, alongside social facilities such as gyms, cafes, training and relaxation areas for personnel, and dedicated hospitality spaces for owners and partners. Further supporting the shipyard's “ambition to create one of Turkey’s most advanced yacht production campuses”, the development will feature a yachting museum created in collaboration with Rahmi M. Koç Museum, as well as docking and marina services, developed in partnership with Setur Marina. <img src="https://photo-assets.superyachttimes.com/photo/385938/image/large-cd60ce28a8bbc40994d64952c993a89f.jpeg" data-gid="gid://syiq/Photo/385938" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">In addition to <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a>’ holistic vision, sustainability has also been placed at the core of the development. The facility is designed in line with LEED certification standards, prioritising renewable energy use and low-carbon operations. Energy efficiency, environmentally responsible production methods and a strong commitment to environmental consideration shape the shipyard’s structural foundations and long-term vision. Construction of the new <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a> shipyard is being undertaken by Ark İnşaat, a Koç Holding company. <img src="https://photo-assets.superyachttimes.com/photo/385937/image/large-be2ded3aae23d8ed704bcff4fb369b47.jpeg" data-gid="gid://syiq/Photo/385937">In terms of infrastructure, the shipyard will feature three 30 by 120-metre new-build hangars, alongside additional refit facilities, including a 40 by 80-metre and a 35 by 55-metre hangar. These will be supported by a 10,000-square-metre open refit area and a total quay length of 700-metres.Launch and haul-out operations will be aided by two travel lifts with capacities of 720-tonnes and 320-tonnes, as well as a floating dock accommodating vessels of up to 150-metres in length.

RMK Yachts begins construction of new dedicated yacht shipyard in Turkey

RMK Yachts has begun construction of a new 70,000-sqm shipyard in Turkey, set to boost superyacht production capacity by 2027.

<a data-gid="gid://syiq/Company/7692" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VMG Refit & Repair (Company)">VMG</a> Astilleros de Sagunto has completed the installation of a new yacht-dedicated shiplift at its facility in Sagunto, Spain. Measuring 102-metres and 22-metres wide, the VMG shiplift is currently the largest in the world for yachts.<img src="https://photo-assets.superyachttimes.com/photo/389970/image/large-2d719d5f0c2f412d1660887701d7cf9f.png" data-gid="gid://syiq/Photo/389970">Supplied by Pearlson Shiplift Corporation (PSC), the new shiplift system is capable of accommodating yachts up to 125 metres and incorporates PSC’s proprietary continuous platform structure, which allows the system to operate as a single lifting unit.“The installation of this shiplift represents a major milestone in the development of VMG’s shipyard infrastructure,” explained Fernando Alcalde, Shipyard Manager at <a data-gid="gid://syiq/Company/7692" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VMG Refit & Repair (Company)">VMG</a> Astilleros de Sagunto. “With this new capability, we are able to accommodate significantly larger yachts while ensuring safe, efficient lifting and optimised working conditions for complex refit and maintenance projects.”Once lifted, vessels will be transferred to land-level repair berths using rubber-tired Self-Propelled Modular Transporters (SPMTs), enabling highly efficient vessel handling and significantly expanding repair flexibility and offering extensive hardstand capacity.With this addition, <a data-gid="gid://syiq/Company/7692" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VMG Refit & Repair (Company)">VMG</a> Astilleros de Sagunto joins a global network of more than 280 shiplift facilities operating in over 70 countries worldwide, each supported by the engineering expertise and long-term service commitment of The Pearlson Group.“We are proud to partner with <a data-gid="gid://syiq/Company/7692" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VMG Refit & Repair (Company)">VMG</a> on this transformative project,” concluded Kelly Pearlson Fraind, CEO of The Pearlson Group. “This installation represents not only a major milestone for <a data-gid="gid://syiq/Company/7692" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VMG Refit & Repair (Company)">VMG</a>, but also a significant advancement for the global yachting industry. Our engineering team designed this system to deliver unmatched precision, safety and long-term reliability.”

VMG installs yacht-dedicated shiplift drydock

VMG Astilleros de Sagunto has completed the installation of a new yacht-dedicated shiplift drydock at its facility in Sagunto, Spain.

VMG installs ‘world’s largest’ yacht-dedicated shiplift in Spain 

<a data-gid="gid://syiq/Company/8076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Port Valencia (Company)">Marina Port Valencia</a> has announced that the inner marina, Marina City, is now complete as part of their phased transformation. <img src="https://photo-assets.superyachttimes.com/photo/397349/image/large-033282147cabe8f5a2ddb1d15d41bc62.png" data-gid="gid://syiq/Photo/397349">Led by the IPM-IMG Group and Ocibar, the project aims to revitalise the three marinas that previously hosted the 2007 America's Cup, while introducing a cutting-edge refit yard, a state-of-the-art dry dock and modern commercial spaces.Read more: <a data-gid="gid://syiq/Article/62614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First renderings of new Marina Port Valencia development unveiled (2025-02-14 12:45:00 +0100)">First renderings of new Marina Port Valencia development unveiled</a><img src="https://photo-assets.superyachttimes.com/photo/397347/image/large-02f98e636005af30408a0493b3b9cb49.png" data-gid="gid://syiq/Photo/397347">The Marina City is now ready to welcome its first customers for the summer season with a full range of premium services. Positioned in the most sheltered area of the port, it has been designed to welcome yachts between 12 and 130 metres and boasts an exclusive central pontoon with berths from 15 metres available for sale or rent for ten, fifteen or twenty years.Construction will soon begin at Marina Norte on a collection of new office buildings designed to attract leading companies and create a hub for networking, innovation and talent. Local residents will also be able to benefit from a restaurant that will open in the former Panorama building.<img src="https://photo-assets.superyachttimes.com/photo/397346/image/large-ad9d771b5b626cd1085ee90660cd52f1.png" data-gid="gid://syiq/Photo/397346">The redevelopment of the marina will be completed in planned phases over the coming years, with local residents able to experience the marina’s new public spaces as each stage is completed.With landscaping designed by GM Paisajistas, in coordination with the architects at ERRE Arquitectura, the plan links Marina Norte, Marina City and Marina Sur through a landscaped ‘green corridor’, creating a continuous route for pedestrians and cyclists lined by Mediterranean vegetation.<img src="https://photo-assets.superyachttimes.com/photo/397348/image/large-4ff447ed4895040fef35c2236798337f.png" data-gid="gid://syiq/Photo/397348">With this project, Marina Port Valencia will reconnect the city with the waterfront,” explained <a data-gid="gid://syiq/Company/8076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Port Valencia (Company)">Marina Port Valencia</a>. "In doing so, it responds to local leisure needs while providing businesses with an unrivalled waterfront environment, establishing Marina Port Valencia as a leading national and international destination built on the principles of sustainability."<img src="https://photo-assets.superyachttimes.com/photo/348287/image/large-0f4e8368c10bd6b34945367d123348e5.jpg" data-gid="gid://syiq/Photo/348287">

Marina Port Valencia completes Marina City development

Marina Port Valencia has announced that the inner marina, Marina City, is now complete as part of their phased transformation.

Marina Port Valencia completes inner marina for yachts up to 130m

Just as physical tank test models are giving way to computational fluid dynamics, so another form of virtual modelling is coming to the fore – the digital twin. But what is a digital twin, and how can we use them to streamline superyacht design, construction and operation?Providing an exact definition of a digital twin can be tricky, not least because different people use the term in different ways. With conceptual origins tracing back to NASA in the 1960s, the truth is that digital twins come in a variety of forms and offer multiple applications – all of which have the potential to change the approach to design and enhance the operational effectiveness of superyachts.“I haven’t found a consistent way that people use the term,” says software developer Boudewijn van Groos. “For example, some call a simple 3D model a digital twin, even if it doesn’t make predictions. It might show live sensor data from the vessel, but it’s really just a portal into the actual ship. That is fundamentally different to a software model that mimics the behaviour of a system based on physical or statistical calculations. Yet people refer to both as digital twins.”Models created in a software environment are arguably the purest form of digital twinning. They are increasingly being used both to train AI and to enable systems developers to code the core parts of a yacht’s controllers while the physical yacht itself is still in build – a decisive factor when faced with tight construction and delivery schedules.<img src="https://photo-assets.superyachttimes.com/photo/397081/image/large-c63a38ee887c535cd43a28154e353077.jpeg" data-gid="gid://syiq/Photo/397081">Virtual virtuesVan Groos is leading a team of software developers who are undertaking the coding of a multifaceted monitoring and control system aboard Project Zero, the renewables-powered sailing yacht under construction at <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters Shipyard</a>. In collaboration with German company XRG Simulation, they have been building a virtual version of the yacht’s systems in Modelica, which allows them to write the code for the programmable logic controller (PLC) for the thermal harvesting and recovery system, for example, and test it before the physical system has been completed. While the team has also been using a current sailing superyacht as a test bed, creating a digital twin has brought additional benefits.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397079/image/large-c1ba2f94baf775740a49c5322a0b5621.jpg" data-gid="gid://syiq/Photo/397079">“For everything we’re doing we first write the physical thing into code to form the digital twin,” Van explains. “That simulation can be very basic, or a deep mechanical simulation. It gives us an opportunity to prevent regression bugs and it means we can avoid having to run our code on a physical system that means needing the real machine every time, which is just a hassle.”Developing a digital twin not only creates a platform for virtual testing, it also provides an opportunity to explore or to train AI, which can have real-world applications in a finished project. Indeed, this is the approach that <a data-gid="gid://syiq/Company/3559" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Videoworks Group (Company)">Videoworks</a> and <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> took, in collaboration with the University of Pisa, to develop the systems on the 42.84-metre superyacht <a data-gid="gid://syiq/Yacht/12135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf X42.84m (140'7&quot;)Rossinavi2024">Seawolf X</a> catamaran.“On a yacht you have a lot of very high-tech systems, each optimised and each with sensor actuators,” explains Maurizio Minossi, CEO and CTO of <a data-gid="gid://syiq/Company/3559" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Videoworks Group (Company)">Videoworks</a>. “The idea is to create a sort of manager that grabs the data coming from the different subsystems and, thanks to the use of AI algorithms, gives it added value in terms of monitoring and control.”<img src="https://photo-assets.superyachttimes.com/photo/397078/image/large-3bbe7f4296cb60275d58eb400d1d5976.jpg" data-gid="gid://syiq/Photo/397078">“AI algorithms need to train on something – you need a story,” adds Sergio Saponara, director of the Department of Informational Engineering at the University of Pisa. “But if the technology is new, how do you create that story? Creating a digital model of a yacht allows you to fill the AI with data. You analyse the chiller in a model, then you combine it with all the other models to create the whole ship.”The system they have developed, which has been designed to be modular for use across multiple yacht designs and configurations, integrates various network-connected sensors, smart plugs, and actuators, such as HVAC systems, lighting, and automated blinds, orchestrated by an advanced AI algorithm. The digital twin enables the simulation of different configurations and operational scenarios, generating virtual data that can be used to train AI models – a useful approach given the challenges of limited experimental data on energy consumption and passenger habits.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397077/image/large-efe714be9d6f415bcddaf70b66ca2da0.jpg" data-gid="gid://syiq/Photo/397077">Test rig&nbsp;It’s not just in systems design that digital twins are being utilised. For Dale Morris, Group Head of Global Design at <a data-gid="gid://syiq/Company/2447" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Spars (Company)">Southern Spars</a>, the development of digital twins has enabled advanced, in-the-box testing before a rig is stepped – a serious advantage given the one-off nature and complexity of superyacht masts and sail plans.&nbsp;“The outcome is what’s on the water, but the model that came before it has been through all the conditions,” he says. “It starts with base mast properties, rigging pre-tension and tuning, but we add in the actual moulded sail shape and structural files from North Sails, and then we can assess the rig to a whole other level.”<img src="https://photo-assets.superyachttimes.com/photo/397082/image/large-2efc90f958531c34f23220a01c23ffdf.jpg" data-gid="gid://syiq/Photo/397082">This allows the team to see the effect of their rig design choices even down to its impact on the actual shape of the sails. They can go into a whole CFD loop, where the fluid structure interaction (FSI) loops back into the non-linear FEA – non-linear because the mast is flexible. That essentially means they can sea-trial the yacht before any carbon fibre even gets laid in the mast mould.“That also flows through into how we communicate the safe operation to the customer with all the sheet runs and all the load interfaces, so that boatbuilders can build-in the right safety factors,” &nbsp;Morris explains. “You can assess all that within the digital twin.”It also impacts the initial sea trial phases because, rather than the traditional method of stepping a mast and eyeballing the rig to tune it and ensure it is set up symmetrically, it can effectively be pre-set. Gone are the days where you put the rig in, go sailing and flop from tack to tack, make changes, rinse and repeat, which can be a two-day operation.“We are able to virtually go sailing before we even put carbon in the mast tooling, and for yacht designers, owners and crew that’s a huge benefit because it elevates confidence before you get further into the project,” &nbsp;says Vincent Guiot, Group Sales Director at <a data-gid="gid://syiq/Company/2447" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Spars (Company)">Southern Spars</a>. &nbsp;Further, the applications extend to the operational phase. By using the information from the load sensors from specific conditions. If something doesn’t look quite right, the team can plug that data back into the digital twin and help someone on board diagnose the issue more efficiently.<img src="https://photo-assets.superyachttimes.com/photo/397080/image/large-77d39333b2a17751661ad462a20fdfc0.jpg" data-gid="gid://syiq/Photo/397080">Practical magic&nbsp;As CAD has advanced, so 3D models have become commonplace, not only in terms of determining the underlying engineering layout of a vessel but also to ensure the vessel can be built as efficiently as possible. But when one superyacht project approached Dutch company Goltens to take that 3D model further, the potential for an all-encompassing digital twin quickly became apparent.“Normally we design, engineer and create 3D models, and during that process a lot of information on the components – size, material, capacity, make, model – is put into a database,” says Sandra Jutte of Goltens’ Green Technologies division. “But when the vessel departs, most of that information, which can number thousands of data files, stays behind. For this project, we were asked how we could collect all the engineering data in one place during construction and use it to make the yacht smarter in operation.”<img src="https://photo-assets.superyachttimes.com/photo/397085/image/large-8490e120db5880a524554f471c7eb9b6.png" data-gid="gid://syiq/Photo/397085">To achieve that, the Goltens team combined ongoing 3D scanning during the build with CAD and engineering drawings to create a digital version of Project Zero that is a perfect match for the real thing. The result is that all the information on the build, systems and components is available for easy access – especially useful when it comes to fault-finding or in the event of a system alarm.&nbsp;“You need an exact copy of the yacht, so during the entire build our team has been on site with a 3D scanner capturing every stage of the build,” says Jutte. “We’ve scanned every detail, including 100,000 metres of cables and six kilometres of piping.”<img src="https://photo-assets.superyachttimes.com/photo/397086/image/large-39fff693692206113bdc5e36b8ec672b.png" data-gid="gid://syiq/Photo/397086">Every pump, pipe and system is connected and with e-sharing it’s possible to click into the engineering drawing and instantly jump to the same spot in the 3D model, and vice versa. All relevant details and spare parts listings are available with a click. What’s more, the digital twin will form the backbone for predictive maintenance and, potentially, AI-rooted energy efficiency and systems analysis during the operational phase – an aspect that could have huge impact for a project where every kilowatt counts.The potential goes further, however, because wherever the vessel goes, the digital twin goes too. This means designers can use the digital twin to experiment with new ideas or test layouts without ever touching the real vessel, while engineers can follow system performance and simulate improvements, and and owners can explore their yacht anytime, anywhere.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397087/image/large-8c4ef31785ce28bc95f037d27cf282ff.jpg" data-gid="gid://syiq/Photo/397087">Such a comprehensive scan-based digital twin improves maintenance aspects – with all manuals and spare parts lists easily accessible, and with the potential to add predictive maintenance algorithms – but also aids efficiency in a refit phase.&nbsp;“Refits and repairs are no longer a guessing game,” says Jutte. “Because if a component needs to be replaced or a new component fitted, the digital twin already knows what’s there currently and if the new one will fit. It means you can order or prefabricate parts with confidence. It’s a complete feedback loop between design, operation, maintenance, fault-finding and improvement.”<img src="https://photo-assets.superyachttimes.com/photo/397089/image/large-cbdce16aec81ad92d4d28edb2f355442.png" data-gid="gid://syiq/Photo/397089">

How is virtual modelling transforming superyacht design and operation

From rig testing to predictive maintenance, digital twins are reshaping how superyachts are designed, built and operated.

The United States District Court for the Southern District of Florida has dismissed the entire complaint brought by Export Yacht Sales (Brill Maritime), which alleged that Boats Group illegally monopolised the US online boat-listing market through YachtWorld, Boat Trader and boats.com.<img src="https://photo-assets.superyachttimes.com/photo/355047/image/large-0bd8f332392990f5a08cac6ea37b81d1.jpg" data-gid="gid://syiq/Photo/355047">The lawsuit was filed on 14 August 2025, with Brill Maritime alleging that Boats Group controlled approximately 75 percent of the market for listing and marketing recreational boats and used subscription agreements that either bar or discourage brokers and dealers from listing vessels on rival platforms.Read more: <a data-gid="gid://syiq/Article/64073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="US boat dealers bring antitrust class action against Boats Group (2025-08-21 13:00:00 +0200)">US boat dealers bring antitrust class action against Boats Group</a><img src="https://photo-assets.superyachttimes.com/photo/355053/image/large-d4b378b0bbe9bf56a1926a2d570b4fd5.jpg" data-gid="gid://syiq/Photo/355053">According to Brill Maritime, competing platforms had been unable to achieve the scale or inventory to grow their services effectively, leaving brokers and dealers with limited options.The court found that Brill Maritime had plausibly alleged that the relevant market could be defined as an online boat listing and marketing service in the United States and that Boat Group may possess monopoly power in that market.&nbsp;Brill Maritime also alleged that Boat’s Group claimed 75 percent of the global share, reasonably supporting an inference that it has a dominant position in the US market. As a result of this, the judge did not dismiss the case because Boats Group lacks market power.However, the judge said that Brill Maritime had failed to show that Boats Group engaged in illegal anticompetitive conduct and under US antitrust law, being a monopoly is not illegal by itself.The court repeatedly emphasised that monopoly power is legal, but using that power through anticompetitive behaviour to exclude rivals is illegal.&nbsp;The judge found that Brill Maritime’s three main allegations were insufficient including that Boats Group became dominant by acquiring competitors such as YachtWorld.com, boats.com and YachtCloser.com.The judge said that acquiring competitors is not necessarily illegal and that Brill Maritime had not explained how these acquisitions had harmed competition. The complaint had described the acquisitions as “strategic” suggesting it was more of a successful business move than illegal conduct. The judge explained that Brill Maritime had shown that Boats Group bought competitors, but not that these acquisitions were unlawful. <img src="https://photo-assets.superyachttimes.com/photo/355039/image/large-513a0ee840e10e5371f647093bba58d9.jpg" data-gid="gid://syiq/Photo/355039">Brill Maritime also claimed that Boats Group's subscription agreements stoped brokers from listing boats elsewhere. The judge examined the contract language and concluded that the provision merely prevented brokers from implying that a YachtWorld or Boats Group listing originated somewhere else. He therefore concluded that you can advertise on YachtWorld and on other sites and the contract simply prevented you from pretending a Boats Group listing came from another platform, meaning the clause is not an exclusive dealing arrangement.Finally, Brill Maritime argued that Boats Group had dramatically increased its prices. The judge responded that high prices alone are not an antitrust violation. The court cited multiple precedents saying a legal monopolist is generally allowed to charge whatever prices it wants. To prove monopolisation, Brill Maritime needed to show that the higher prices resulted from illegal exclusionary conduct.In conclusion, the judge accepted that Boats Group may hold monopoly power in the US online boat-listing market, but ruled that the plaintiffs failed to show that Boats Group acquired or maintained that position through illegal anticompetitive conduct.United States District Judge, Roy K. Altman dismissed the complaint without prejudice, meaning the plaintiff is able to resubmit an amended complaint, with a deadline of 30 June 2026.&nbsp;The lawsuit also contained claims under Florida law, with the federal court declining to hear the state claims as the federal antitrust claims were dismissed. These were also dismissed without prejudice, allowing for them to also be refiled.&nbsp;SuperYacht Times will continue to follow this story and will provide updates where necessary.

US court dismisses antitrust lawsuit against Boats Group

The US District Court for the Southern District of Florida has dismissed the antitrust lawsuit brought by Export Yacht Sales against Boats Group.

The 24.6-metre <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> motor yacht <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> has been sold, with Joe Hill of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/377303/image/large-e9f5ee62744476943f9773dd48e429fb.jpg" data-gid="gid://syiq/Photo/377303">Delivered in 2022, the yacht features interiors penned in-house by her British builder. Meanwhile, <a data-gid="gid://syiq/Company/2740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Olesinski Ltd. (Company)">Olesinski</a> took charge of her naval architecture and exterior design.At a volume of 78 GT, she can sleep up to eight guests across four well-appointed staterooms. Guests can enjoy communal areas such as the foredeck and aft deck fitted with sunpads and the flybridge with shade.Propulsion-wise, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</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, giving her top speed of 39 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> had a last known asking price of £3,175,000.00.Courtesy of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a>.

Princess yacht N2H2 sold

Princess yacht, N2H2 sold, Princess yacht N2H2, Princess yacht sold, N2H2 sold.

25m Princess motor yacht N2H2 sold

The 35.4-metre <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a> sailing yacht <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has been sold with Yannis Stratis of <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a>. The sale was concluded directly with a private buyer, with <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a> acting as both owner and central agent in the transaction.<img src="https://photo-assets.superyachttimes.com/photo/98550/image/large-7470442e827fa639586e6fb0099778c8.jpg" data-gid="gid://syiq/Photo/98550">The sale was completed in spring 2026 at Yacht Broker House's home base in Corfu, Greece. Since changing hands, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has departed Greece and is now cruising European waters under her new ownership.&nbsp;Delivered in 1992 by Italian shipyard <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a>, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> most recently underwent a refit in France in 2024. She features exterior design and naval architecture by <a data-gid="gid://syiq/Company/357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laurent Giles Superyacht Architects (Company)">Laurent Giles Superyacht Architects</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/618" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Garroni (Company)">Studio Garroni</a>.Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has a beam of 7.95-metres and an interior volume of 171 GT. Accommodation onboard is arranged for up to 10 guests across a five stateroom configuration, while dedicated quarters house up to a crew of six, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> is powered by a single <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engine that delivers a cruising speed of 9.7 knots and a top speed of 12 knots.&nbsp;At the time of her sale, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> had a last known asking price of €900,000.

35m Cantiere Valdettaro sailing yacht Unplugged sold

  The 35.4-metre Cantiere Valdettaro sailing yacht Unplugged has been sold with Yacht Broker House

<img src="https://photo-assets.superyachttimes.com/photo/392305/image/large-86c88e62c5d466ff1f840f9818dce38b.jpg" data-gid="gid://syiq/Photo/392305">The 29.7-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> has been sold. Ferhat Kanbur of <a data-gid="gid://syiq/Company/7089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Data Marin (Company)">Data Marin</a> introduced the buyer, while Ilker Bicaco of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a> represented the seller.Delivered in 2010, the yacht features naval architecture penned in-house by her builder. Meanwhile, her interior and exterior designs were crafted by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Design</a>.Inside, her design is distinguished by light coloured woods that give the yacht a contemporary feel. <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> can accommodate up to ten guests across four well-appointed staterooms at a volume of 177 GT. Moreover, a highlight of the yacht is a relaxation area on her flybridge, where guests can enjoy panoramic views.&nbsp;In terms of propulsion system, <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a cruising speed of 24 knots and a top speed of 27 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> had a last known asking price of €2,990,000.Photo courtesy of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a>.

Custom Line yacht Lady Yaz sold

The 29.7-metre Custom Line motor yacht Lady Yaz has been sold.

30m Custom Line motor yacht Lady Yaz sold

The 57-metre <a data-gid="gid://syiq/Company/106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trinity Yachts (Company)">Trinity</a> motor yacht <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> is on the market, with Rob Newton of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> benefitted from a 2025 refit that refreshed her interiors and modernised her systems.<img src="https://photo-assets.superyachttimes.com/photo/397161/image/large-157dd31b806639942ec6e7d2aeb4801c.jpg" data-gid="gid://syiq/Photo/397161">With a deck design built around guest flow, <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> features naval architecture and exterior design penned in-house by her American builder. Meanwhile, <a data-gid="gid://syiq/Company/111" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Evan K Marshall (Company)">Evan K Marshall</a> took charge of her interior design which is distinguished by Italian marbles, Lalique glass, silk carpets and rich wood in birch, vavona, and bur.<img src="https://photo-assets.superyachttimes.com/photo/397220/image/large-a05b27ee4abd4103f48fae88e6afdaf3.jpg" data-gid="gid://syiq/Photo/397220"><img src="https://photo-assets.superyachttimes.com/photo/397195/image/large-5eb0377176736d577315088431b690c5.jpg" data-gid="gid://syiq/Photo/397195">At a volume of 782 GT, the <a href="https://www.superyachttimes.com/yachts/elis-et-mar" target="_blank">yacht Elis Et Mar for sale</a> can accommodate up to 12 guests across six well-appointed staterooms. Her full-beam master suite is found on the main deck. This area can be accessed via a private office and is fitted with a king-size bed, walk-in wardrobe, and his-and-hers bathrooms with a soaking tub, separate rain shower, and mirror TVs. <img src="https://photo-assets.superyachttimes.com/photo/397199/image/large-86d7a9b383706d0176d50ebc3a5183fe.jpg" data-gid="gid://syiq/Photo/397199"><img src="https://photo-assets.superyachttimes.com/photo/397208/image/large-d05e1e5f38e5dc5c8b79aa56962db52a.jpg" data-gid="gid://syiq/Photo/397208">The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale’s</a> VIP suite located on the bridge deck also showcases a king-size bed, elevated views, and a spacious ensuite. Four guest suites on the lower deck, all with fixed king beds and ensuite bathrooms, complete the accommodation.<img src="https://photo-assets.superyachttimes.com/photo/397214/image/large-27ec017e7e73699f2a44df284651fc7c.jpg" data-gid="gid://syiq/Photo/397214">Moving outside, guests aboard <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> are spoilt for choice between adventure and relaxation. Her sundeck plays host to a large Jacuzzi, generous sunpads, a full bar, and an outdoor entertainment system. For those looking to keep active, a fully enclosed, air-conditioned gym is also on offer, equipped with a Pilates Reformer, treadmill, free weights, and audio-visual facilities. A portable ice bath is also available upon request.<img src="https://photo-assets.superyachttimes.com/photo/397235/image/large-cd87a31b555950b9bd569392e9918873.jpg" data-gid="gid://syiq/Photo/397235"><a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar’s</a> bridge deck sky lounge provides a relaxed indoor retreat, complete with plush seating, a full-service bar, and alfresco dining for up to 12 guests aft. Guests may choose between a formal indoor dining space or an aft dining area with optional climate control, offering flexibility to suit any occasion, on the main deck aft.<img src="https://photo-assets.superyachttimes.com/photo/397231/image/large-98b1ee45ae88293202adcd95833904d2.jpg" data-gid="gid://syiq/Photo/397231">Moreover, an impressive array of water toys ensures no shortage of thrills for the more adventurous. On the water, guests can make use of four <a data-gid="gid://syiq/Company/3030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cayago AG / Seabob (Company)">Seabobs</a>, two Lift E-Foils, an Awake Ravic electric surfboard, three Jet Skis, a <a data-gid="gid://syiq/Company/5777" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yamaha (Company)">Yamaha</a> Superjet, inflatable towables, and full snorkelling and fishing gear, alongside two foldable e-bikes for exploration ashore. The entire guest experience is overseen by a professional crew of 13.<img src="https://photo-assets.superyachttimes.com/photo/397191/image/large-7c46a1b67dc6f3193229d237bca28a4f.jpg" data-gid="gid://syiq/Photo/397191">In terms of propulsion system, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=trinity-yachts" target="_blank">Trinity 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, giving her a cruising speed of 14 knots and a top speed of 20 knots.<img src="https://photo-assets.superyachttimes.com/photo/397192/image/large-e9dc6c5d43d791366dd8c886a1767f06.jpg" data-gid="gid://syiq/Photo/397192">

Trinity yacht Elis Et Mar for sale

The 57-metre Trinity motor yacht Elis Et Mar is on the market, with Rob Newton of IYC.

57m Trinity superyacht Elis Et Mar for sale

The 23.27-metre <a data-gid="gid://syiq/Company/6072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lagoon Yachts (Company)">Lagoon</a> sailing yacht <a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is on the market, listed with Pierre Vezilier of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/397239/image/large-f1bb937cf0476fd3bcdc5812056e6442.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20260617%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260617T063333Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=262c295532260cfc74c32458fc7618902efd698bf345fdbf0eacd0c8ba9d3ec2" data-gid="gid://syiq/Photo/397239">Delivered in 2024, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> features exterior design by <a data-gid="gid://syiq/Company/6073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Patrick Le Quément (Company)">Patrick Le Quément</a>, interior styling by <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a>, and naval architecture by <a data-gid="gid://syiq/Company/39" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VPLP Design (Company)">VPLP Design</a>. She was conceived with a large sail plan and an optimised hull, delivering efficient open-water performance and stability at sea.<img src="https://photo-assets.superyachttimes.com/photo/397254/image/large-5dd6261e35858f970d81b928ddaa7e07.jpg" data-gid="gid://syiq/Photo/397254"><img src="https://photo-assets.superyachttimes.com/photo/397252/image/large-c8d1bd1bbc866600bfd48dd91c2cdf50.jpg" data-gid="gid://syiq/Photo/397252">The interiors onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale</a> are laid out with a strong emphasis on privacy and generous communal areas. Warm shades of brown, blue and neutral tones run throughout both the private and shared spaces, creating a cohesive atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/397249/image/large-dba320035103ae5c7f72055143b1b08b.jpg" data-gid="gid://syiq/Photo/397249"><img src="https://photo-assets.superyachttimes.com/photo/397242/image/large-6501bd710eba06086f0cd2e755663aab.jpg" data-gid="gid://syiq/Photo/397242">The <a href="https://www.superyachttimes.com/yachts/spirit-of-ponant" target="_blank">yacht Spirit of Ponant for sale</a> can accommodate up to 12 guests across six well-appointed staterooms, with a gross tonnage of 135 GT. On deck, guests may dine alfresco in the aft area, while a hydraulic swim platform provides easy access to the sea.<img src="https://photo-assets.superyachttimes.com/photo/397255/image/large-1b4072cb4b8f209c2ca62d359f3ddbeb.jpg" data-gid="gid://syiq/Photo/397255"><a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is powered by twin <a data-gid="gid://syiq/Company/6795" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nanni industries (Company)">Nanni Industries</a> engines, giving the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=lagoon-yachts" target="_blank">Lagoon yacht for sale</a> a cruising speed of 10 knots and a top speed of 18 knots.Photo courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

catamaran yacht Spirit of Ponant for sale

The 23.27-metre Lagoon sailing yacht Spirit of Ponant is on the market.

23m catamaran Spirit of Ponant for sale

<img src="https://photo-assets.superyachttimes.com/photo/397150/image/large-843519c5d1eee2588222c47260858dee.jpg" data-gid="gid://syiq/Photo/397150">The 73.3-metre <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> superyacht <a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</a> has been spotted making her second visit to Guernsey, having first called at the island on 2 May 2016. She was seen in St Peter Port yesterday and is now en route to Gibraltar, according to AIS data.Previously known as Grace E, she was delivered in 2014 by <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> under its Picchiotti brand in Viareggio, as the largest motor yacht ever built by the shipyard. The 1,876 GT vessel features exterior design by <a data-gid="gid://syiq/Company/53" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Briand Yacht Design (Company)">Briand Yacht Design</a>, with interiors originally conceived by French designer <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Rémi Tessier</a>. She underwent a refit in 2023 with <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> at <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor (Company)">Safe Harbour</a> La Ciotat.<a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</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> diesel-electric engines, affording her a cruising speed of 12 knots, a top speed of 16.5 knots, and a range of 7,500 nautical miles.

73m Perini Navi superyacht Nautilus in Guernsey

The 73.3-metre Perini Navi superyacht Nautilus has been spotted making her second visit to Guernsey.

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> and <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a> have announced the delivery of the 23.96-metre <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Gentleman 24M yacht. The yacht was officially christened <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> at the shipyard in La Spezia and delivered to <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a> Chairman Tommaso Chiabra as she joins their charter fleet. <img src="https://photo-assets.superyachttimes.com/photo/397262/image/large-69463179651c336f45f621e2a3eab461.jpg" data-gid="gid://syiq/Photo/397262">Designed by <a data-gid="gid://syiq/Company/58" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luca Dini Design & Architecture (Company)">Luca Dini Design &amp; Architecture</a> in collaboration with <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Centro Stile, the <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brand was relaunched in 2022, just six months after the acquisition of the company by <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a>.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/55685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group relaunches Picchiotti brand with a new Gentleman yacht line (2022-08-03 12:00:00 +0200)">The Italian Sea Group relaunches Picchiotti brand with a new Gentleman yacht line</a><img src="https://photo-assets.superyachttimes.com/photo/397263/image/large-9d2b1e1afb8a57386a11c5c8c4b07162.jpg" data-gid="gid://syiq/Photo/397263">“We are proud to acquire this exceptional asset and to contribute to the revival of one of the most historic names in Italian shipbuilding,” commented Tommaso Chiabra, Chairman of <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a>.Inspired by the silhouette of the American yachts of the sixties, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> boasts timeless classic lines and is produced entirely in aluminium. She showcases glossy mahogany details and polished plating on her bow and the sides of her stern.<img src="https://photo-assets.superyachttimes.com/photo/397261/image/large-601aad94946cbee604189de94508e6a8.jpeg" data-gid="gid://syiq/Photo/397261">Spanning 149 GT, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> can comfortably accommodate up to six guests across a three stateroom configuration on the lower deck, with her full-beam owner’s suite situated amidships.&nbsp;“The <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Gentleman 24M has a rare quality: she feels immediately familiar, elegant and beautifully Mediterranean,” added Chiabra. “She has substance, warmth and personality; she belongs to a lineage of yachts conceived for private life at sea, while speaking naturally to the expectations of contemporary charter clients.”Conceived for Mediterranean cruising, she features plenty of open-air spaces, with a large beach club for charter living. Perfect for clients seeking privacy and charm, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> gives the feeling of a private residence on the water. <img src="https://photo-assets.superyachttimes.com/photo/397264/image/large-c0669bf9240500ea4ff1be1400818b85.jpg" data-gid="gid://syiq/Photo/397264">“<a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> carries the spirit of Janus: one gaze turned towards centuries of seafaring knowledge, the other towards those who will define the next codes of yachting,” added Gianmaria Costantino, Chief Commercial Officer of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a>.“She offers a measured threshold into the <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> world: time onboard becomes a first form of belonging, and that first encounter may quietly mature into something deeper and more personal.”<img src="https://photo-assets.superyachttimes.com/photo/397265/image/large-817d20ffb7d4c6c57e79117b435352b2.png" data-gid="gid://syiq/Photo/397265">(Images courtesy of The Italian Sea Group and Royal Yacht International.)

Gentleman: Picchiotti Gentleman 24M yacht delivered

TISG and RYI have announced the delivery of the first Picchiotti Gentleman 24M yacht, which has been christened Gentleman. 

First Picchiotti Gentleman 24M yacht delivered and christened Gentleman

Saudi Arabia is making concerted efforts to position itself as a prominent global destination for luxury tourism. &nbsp;As part of the expansive Vision 2030 strategy, which seeks to diversify the national economy, significant resources are being allocated to enhance marina infrastructure, particularly along the Red Sea coastline. The Kingdom has launched numerous investments, partnerships, and developmental initiatives to stimulate the yachting industry in particular.<a href="http://superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a> explores the marina development projects currently underway in Saudi Arabia, beginning with the initiatives under <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a> and <a data-gid="gid://syiq/Company/7759" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Sea Global (Company)">Red Sea Global</a>. Both projects were announced in 2017 by Saudi Crown Prince Mohammad bin Salman. Below is a map showing the locations of the planned marina developments.<img src="https://photo-assets.superyachttimes.com/photo/322346/image/large-d4f80d7048cf7aedf319355ddec7d1f0.jpg" data-gid="gid://syiq/Photo/322346"> <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>The name "<a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>" combines the Greek prefix "neo" meaning "new," and the letter "M" standing for both the Crown Prince Mohammed bin Salman's name, and the Arabic word for "future." The overall project revolves around the construction of a unique urban area in Tabuk, Saudi Arabia, at the northern tip of the Red Sea, near Egypt and Jordan.<a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a> will comprise ten distinct projects, including a floating industrial complex, global trade hub, tourist resorts, and a linear city. Each project is designated as a region. These include: The Line, Sindalah, Trojena, Oxagon, Leyja, Epicon, Siranna, Utamo, Norlana, and Aquellum. Moreover, the planned area covers 26,500 km². Below, <a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SYT</a> provides details on the marina projects so far that have been unveiled under the expansive <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a> umbrella: <img src="https://photo-assets.superyachttimes.com/photo/280906/image/large-b8e9d5d086a1e1d0a5f0033a6661dde1.jpg" data-gid="gid://syiq/Photo/280906">1.&nbsp;Sindalah Island&nbsp;• Location:<ul style="list-style-type: circle;"><li>Strategically situated in the Red Sea, northwestern Saudi Arabia</li><li>Close to the Suez Canal and regional entrance</li></ul>• Management and Design:<ul style="list-style-type: circle;"><li>Operated by <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a></li><li>Designed 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</a></li></ul>• Marina Features:<ul style="list-style-type: circle;"><li>86 berths for yachts up to 50-metres</li><li>75 offshore buoys for larger vessels up to 180-metres</li></ul>• Scheduled to open this year <img src="https://photo-assets.superyachttimes.com/photo/311067/image/large-0867e530ac550ef52445f0c20bfe8d73.jpg" data-gid="gid://syiq/Photo/311067"> 2. Project Jaumur• Location: Gulf of Aqaba, within <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a>• Concept: New marina destination tailored for the superyacht lifestyle• Residential and Hospitality Features:<ul style="list-style-type: circle;"><li>Exclusive residential community</li><li>500 apartments</li><li>700 luxury villas</li><li>Two destination hotels with a total of 350 rooms</li></ul>• Amenities:<ul style="list-style-type: circle;"><li>1.5-kilometres aerofoil welcome structure</li><li>Deep-sea research centre</li><li>International boarding school</li><li>Marina with a capacity for 300 superyachts up to 150-metres in length</li></ul><img src="https://photo-assets.superyachttimes.com/photo/298097/image/large-dc68d5845165ace4f2d59045376f0c61.jpg" data-gid="gid://syiq/Photo/298097"> 3. Norlana&nbsp;• &nbsp;Project Vision: Exclusive waterfront and yachting community• &nbsp;Location: Gulf of Aqaba• &nbsp;Capacity: For 3,000 residents• &nbsp;Designer: Conceived by 10 Design• Features:<ul style="list-style-type: circle;"><li>Beach club 120-berth superyacht marina&nbsp;</li><li>Water taxi service for residents and guests</li></ul><img src="https://photo-assets.superyachttimes.com/photo/320647/image/large-d62dab15a3aa4dbe031dedebe615921a.jpeg" data-gid="gid://syiq/Photo/320647">4. Hidden Marina in the Line City• Location: <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a> Line City• Scale: Most extensive of about ten marina projects currently underway• Concept: Poised to be the largest marina project in Saudi Arabia• Features:<ul style="list-style-type: circle;"><li>Approximately 2,000 berths for yachts and superyachts</li><li>Designed around a 2.4-kilometre canal extending from the Red Sea</li><li>Marina infrastructure spanning over seven kilometres</li><li>Construction Status: First area of Line City to be constructed</li></ul>• Timeline: Expected to be fully operational by 2030 <a data-gid="gid://syiq/Company/7759" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Sea Global (Company)">Red Sea Global</a><a data-gid="gid://syiq/Company/7759" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Sea Global (Company)">Red Sea Global</a> is a governmental body in Saudi Arabia. Established in 2021, it aims to:&nbsp;• Develop and manage sustainable tourism projects in the Red Sea region, driving economic growth and creating job opportunities.• Implement innovative infrastructure while promoting environmental conservation and preserving cultural heritage.• Collaborate with local, national, and international stakeholders to achieve these goals.A key project by the <a data-gid="gid://syiq/Company/7759" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Sea Global (Company)">Red Sea Globa</a>l is the Red Sea Project. This destination aims to set a global benchmark for sustainable infrastructure, renewable energy, and regenerative solutions. <a href="http://superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">SYT</a> breaks down the project’s key facts of this tourism mega project:<img src="https://photo-assets.superyachttimes.com/photo/320646/image/large-148adcb78f907eac8f6cb683697aedb0.jpg" data-gid="gid://syiq/Photo/320646">5. The Red Sea ProjectProject Overview:• Covers 28,000 square-kilometres of Saudi Arabia's west coast• Encompasses 90 islands, beaches, deserts, mountains, and a volcano• Scheduled for completion in 2030Accommodations and Facilities:•Features 50 resorts with 8,000 hotel rooms•Includes more than 1,000 residential properties across 22 islands and six inland sites•Offers luxury marinas, golf courses, entertainment, and leisure facilities•Includes the Red Sea International AirportKey Island Projects:•Ummahat Islands: Hosts the St. Regis Hotels &amp; Resorts Red Sea Resort and Nujuma, managed by The Ritz-Carlton Hotel Company•Turtle Bay: A state-of-the-art residential and commercial area for 14,000 workers, staff, and Red Sea Global management•Sheybarah Island: An exclusive destination located a 45 minute boat ride from the mainland•Shura Island: Main hub featuring 11 resorts, residential properties, and a marina with 118 berths<img src="https://photo-assets.superyachttimes.com/photo/318608/image/large-0e251e0d71b7db58a9b2978e95571930.jpg" data-gid="gid://syiq/Photo/318608">6. AMAALA Project• Features:<ul style="list-style-type: circle;"><li>2,500 hotel keys</li><li>Approximately 700 residential villas, apartments, and estate homes</li><li>Over 200 shops, cafes, and restaurants</li></ul>• Relation to Other Projects: Separate from <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a> and Red Sea Projects but part of the broader 'Red Sea ecosystem'• Integration: Designed to complement <a data-gid="gid://syiq/Company/7371" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NEOM (Company)">NEOM</a> and Red Sea Projects, targeting different audiences with diverse amenities• Stakeholder: Public Investment Fund (PIF)<img src="https://photo-assets.superyachttimes.com/photo/228084/image/large-6bde1f71bd653bba5b2b96c101b27514.jpeg" data-gid="gid://syiq/Photo/228084">7. AMAALA's Triple Bay Marina and Yacht Club•Location: Northwestern part of Saudi Arabia• Developer: Red Sea Global (RSG)• Yacht Club Partner: Monaco Marina Management&nbsp;•Opening Date: Scheduled for 2028• Marina Features:<ul style="list-style-type: circle;"><li>Up to 120 berths for yachts up to 130 metres</li><li>10 -hectare full-service marina</li><li>80-metre Quai d'honneur for events and regattas</li><li>Unique porte cochere for discreet tender arrival</li></ul><img src="https://photo-assets.superyachttimes.com/photo/297596/image/large-3c723b96a1095bb296004204153c69c8.jpg" data-gid="gid://syiq/Photo/297596"> 8. <a data-gid="gid://syiq/Company/6557" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jeddah Yacht Club & Marina (Company)">Jeddah Yacht Club &amp; Marina</a>• &nbsp;Capacity: Accommodates over 100 yachts and superyachts up to 100-metres• &nbsp;Location: Red Sea coast, serving as an entry point to Saudi Arabia• &nbsp;Services: Provides customs and immigration services for vessels entering the region• &nbsp;Opening Year: 2021<img src="https://photo-assets.superyachttimes.com/photo/210433/image/large-db5eb219a2ecc245a6ce1c74179be6fb.jpg" data-gid="gid://syiq/Photo/210433"> 9. The Rig• Location: Eastern Gulf coast of Saudi Arabia, approximately 40 km from the coast• Concept: World’s first offshore adventure tourism destination, inspired by Saudi Arabia's oil and gas heritage• Size: over 300,000-square-metres• Developer: Oil Park Development Company (OPDC), wholly owned by the Public Investment Fund (PIF)• Key Features:<ul style="list-style-type: circle;"><li>Three hotels with 800 rooms</li><li>11 restaurants</li><li>Over 70 attractions and activities</li><li>Additional amenities: helipad, diving centre, amusement park, and marina </li></ul>

Investments & Expansions

BWA Yachting opens new offices in the Kingdom of Saudi Arabia