Monaco has long established itself as one of the world’s most popular yachting destinations, with the Principality investing heavily in its marinas and yachting facilities to ensure that this reputation is maintained. The official purchase of Cala del Forte by the Société Monégasque Internationale Portuaire (SMIP– a subsidiary of the Monaco Port Authority) in December 2016 was a targeted move that is intended to allow Monaco to welcome more yachts than ever before to its marina network.<img src="https://photo-assets.superyachttimes.com/photo/13970/image/large-cbe361028b8a23dc13a9f11b7fa30b9b.jpg" data-gid="gid://syiq/Photo/13970">&nbsp;Cala del Forte is set to open for business in Summer 2018, welcoming yachts up to 60-metres, with its full offering that will include new offices and amenities completing by 2019. One of three marinas to be managed by the Ports de Monaco – in addition to Port Hercules and Port de Fontvieille – the marina is positioned close to the French-Italian border in Ventimiglia, just 7.9 nm from the heart of Monaco. This ideal location will mean it is perfectly placed to cater for the consistent demand for high-quality and secure superyacht berths in the vicinity of Monaco.Aleco Keusseoglou, President of Ports de Monaco and CEO of Cala del Forte, was instrumental in the purchase process of the marina. Coming from a long shipping background, Monegasque national of Greek origin, Keusseoglou managed his family cruise ship business from 1984 to 2000 prior to joining the yachting industry. Having sold his company in 2000, in 2002 he was approached by Prince Rainier III who was looking for someone to help him achieve his goal of running the Monaco ports in a more commercially minded manner and to turn Monaco into a yachting hub. Today Mr. Keusseoglou is at the heart of yachting in Monaco with roles including the Chairman of the Ports of Monaco, the head of investment management company 2PM, member of the board of the Société des Bains de Mer (SBM), member of the board of the Monaco Yacht Club and the chair of Destination Monaco.<img src="https://photo-assets.superyachttimes.com/photo/13973/image/large-b0e3a95890092bc40521b76cc19ee9fa.jpg" data-gid="gid://syiq/Photo/13973"> From the day he began working for Ports de Monaco the overall aim was simple. “We wanted to create a port of excellence, not just for superyachts but for all kinds of yachts too,” says Keusseoglou. The addition of the floating dock in 2003 was instrumental in achieving this, and a part of the Prince’s vision for Monaco’s yachting offering.&nbsp;“Before the floating dock was here, the port was pretty uncomfortable during storms and yachts would not stay here in the winter, so adding the dock was a really important part of turning Monaco into a year-round yachting hub.”Success came quickly, with Port Hercules and Port de Fontvieille booking out all year round, with long waiting lists. This high demand was a key driver behind the purchase of Cala del Forte. “We were slightly victims of our own success… so we’re always looking for opportunities to add additional berths and that was the reason we decided to purchase Cala del Forte marina due to its close proximity to Monaco,” says Keusseoglou.The process that led to the purchase of Cala del Forte was lengthy, with the team diligently seeking out the perfect spot to complement their existing marina portfolio. “For four years we looked for ways to expand our business, whether from an operational point of view with berths nearby, or from an managing perspective, where we can be active in a port or destination that is attractive to Monaco that can help bring more people to Monaco from that destination,” says Keusseoglou. Marinas that Ports de Monaco considered investing in included Cap-d’Ail, which was deemed too far away in time due to its concession ending in 2027.<img src="https://photo-assets.superyachttimes.com/photo/13971/image/large-7278163abf41a2b42ee84b56d48bda6a.jpg" data-gid="gid://syiq/Photo/13971"> Cala del Forte was particularly appealing due to its impressive concession of 80 years, making it the longest concession in the Mediterranean. “It proved a great opportunity for us, especially thanks to the close proximity to our other two ports.” The new marina will now offer individual clients 40 year leases, an attractive prospect for owners looking to commit to a long term berth.Having purchased the site, Ports de Monaco undertook a complete remodeling to transform the original plans of the marina. Originally designed for 375 smaller berths in “Variante 1”, it will now house 170 much larger berths ranging from 6-metres to a maximum capacity of 60-metres. Of the 170 berths available, 120 will be listed for sale, leaving 50 berths available for transiting and visiting yachts.Keusseoglou has no intention to rest on the Principalities laurels or take its existing reputation for granted. “I do think that Monaco is the capital of superyachting, and the most beautiful yacht show in the world is right here, but that doesn’t mean that we can just stay in our little territory and confine ourselves to this small area,” he says. The three marinas are just a part of the overall package on offer to yachts by Monaco. “One factor that makes the Principality the capital of yachting is certainly that we have one of the most beautiful yacht clubs in the world, which is extremely active and promotes Monaco as a destination and yachting in Monaco in a fabulous way,” says Keusseoglou. “We are growing our network because we wish to offer all of our superyacht clients the same level of service and organisation wherever they are.”<img src="https://photo-assets.superyachttimes.com/photo/13972/image/large-d601798e8bc886bfe8204168718da200.JPG" data-gid="gid://syiq/Photo/13972"> The purchase of Cala del Forte is just one key part of Keusseoglou’s long term vision and strategy for Ports de Monaco. Although Cala del Forte is not located in Monaco, it is an important step in creating a wide-spanning network that will link yachts back to Monaco. “We have started here in Monaco but my goal is to leave a company that has a foot in all the strategic areas of the Mediterranean, and to manage as many berths for superyachts as we can,” he says. “You are putting your Monaco stamp and way of running things in different ports, and this increases the image and brand of Monaco as a port.”At the heart of all these plans and developments is a green ethos throughout all operations. “This is not us jumping on a bandwagon to try and please owners, our green directive has been very clear from the Prince right from the start,” says Keusseoglou. “Prince Albert is very active in exposing environmental issues and goes all around the world promoting the preservation of our oceans, so we aim to be as green as we can be.” Green initiatives include ensuring that boats are running on electricity, avoiding the need for the use of generators, and adding collection points for black water in every point of each marina. While the owners might not be the driver behind these actions, they are welcoming of the initiatives. “If we tell yacht owners that we are going to do things differently from now on and this is why, there is no resistance.”Working to help effect positive changes that mean growth for the overall superyacht industry is another key aim. “One important element for industry improvement is the need to be able to find professional crew and we need more schools and training centres to ensure that we have people coming into the industry with a certain level of professionalism,” says Keusseoglou. “When I worked in the cruise industry as it progressed to be the multi-billion-dollar industry it is today the training progressed too and companies had to create their own training centres in order to equip their ships with better crew, and that is certainly something that we need to see echoed by superyachts.” With a training centre present in the Monaco Yacht Club, Monaco will be playing its part in seeing this goal brought to life.With work on the new Cala del Forte marina well underway and due to be open in time for the 2018 edition of the Monaco Yacht Show, it seems likely that this new facility will quickly enjoy the same popularity as its sister marinas. “The works are on time, on schedule and on budget and we are looking forward to welcoming the first yachts in summer 2018,” concludes Keusseoglou.This article is featured in the latest edition of the SuperYacht Times newspaper.&nbsp;<a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription" rel="noopener noreferrer" target="_blank" title="">Subscribe now</a>&nbsp;to receive your copy straight to your door and never miss another issue.&nbsp;

Aleco Keusseoglou - Cala del forte

original

small

medium

large

extra_large

Works underway Cala del Forte

Marina Cala del forte

Monaco Sighting

Cala del Forte: growing the Ports de Monaco network

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has announced that the Court of Florence has partially lifted protective measures for five shipowners, following the company's ongoing negotiated crisis settlement procedure.<img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">On 16 March, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that it had initiated a negotiated settlement procedure under Italian Legislative Decree No. 14/2019, following internal financial irregularities. This legal framework aimed to enable them to restructure, while continuing to operate under the supervision of an independent expert.Following this, on 20 April, the Court of Florence granted protective measures for a maximum period of four months, restricting creditors from initiating or continuing enforcement actions against the company’s assets, including vessels currently under construction.The court also confirmed that these protective measures extended to shipowners, which prevented them from terminating their contracts of yachts currently under construction during the proceedings.The Court of Florence has now issued an order upholding the appeals filed by five shipowners which prevented them terminating their contracts. With respect to them it was also found that they were unable to exercise the other rights provided under their contracts.&nbsp;The court found that the yachts could not be covered by the protective measures because they were neither assets of the company, nor assets instrumental to its business operations.Read more:&nbsp;<a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a><img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">The ruling also determined that the shipowners were not creditors against whom such measures could be applied and their right to obtain performance under the pending contract could not be satisfied through enforcement or interim measures.The order applies exclusively to the five shipowners who filed the appeals and has no effect on the other shipowners or creditors, with the previous measures remaining in effect for the duration already established by the Court.&nbsp;TISG also stated that these measures do not affect the ongoing negotiations with its main stakeholders, including shipowners, suppliers and financial institutions, as part of the company's economic and financial rebalancing plan which is currently in progress.The company also stated that, with regard to the affected shipowners, the substance of the contractual relationships remains unchanged despite the lifting of the protective measures.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> said it will continue to provide updates on developments relating to the procedure and any further initiatives undertaken in accordance with applicable regulations.

TISG: Florence court removes protections affecting five yacht contracts

A Florence court has partially lifted protective measures affecting five yacht contracts linked to TISG's ongoing negotiated settlement procedure.

Florence court lifts protective measures for five The Italian Sea Group yacht contracts

Industry veterans Adam Papadakis and Kurt Fraser have announced the launch of <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>, a new superyacht brokerage and advisory house combining traditional yachting expertise with a more connected and intelligence-led approach to navigating the superyacht market.Headquartered in Monaco and serving an international client base, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> offers a full suite of brokerage, charter, yacht management and consultancy services, positioning itself as a long-term partner across every stage of the yachting journey.<img src="https://photo-assets.superyachttimes.com/photo/396755/image/large-03eb586a20f98c7bb1b9bab73768aced.png" data-gid="gid://syiq/Photo/396755">The company is led by Founder and CEO Adam Papadakis, whose career spans more than 25 years at some of the industry's most recognised brokerage houses. Throughout his career, Adam has advised clients on significant yacht transactions, new build projects and refits, building long-standing client relationships and helping drive the commercial success of some of the industry's most respected brands. Widely respected for his discretion, strategic insight and meticulous execution, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> reflects his belief that exceptional client outcomes are achieved through independent advice and deep market understanding.Joining him as Founding Executive and CCO is Kurt Fraser, a strategist, creative leader and international business executive whose career spans more than 25 years across the superyacht, luxury lifestyle, resort development and marina sectors. Throughout his career, Kurt has driven business transformation and contributed to the growth and commercial success of a number of leading yachting brands. He believes <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>'s performance-driven model is uniquely aligned with the expectations of both established yacht clients and a new generation of owners seeking greater transparency, responsiveness and long-term value.While the launch of independent brokerage houses is not uncommon within the superyacht sector, the pairing of Adam and Kurt brings together two distinctly complementary areas of expertise. Combining deep brokerage experience with proven strategic, creative and commercial leadership, the duo have built a business founded on both reputation and capability.Their partnership reflects a broader shift within the industry, where clients increasingly seek the agility, transparency and personalised approach often associated with boutique brokerage houses, without sacrificing the expertise and international reach traditionally offered by larger organisations. In this respect, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> blends established industry knowledge with a more modern, insightful and adaptable approach to yacht brokerage.A strategic advisory approachAccording to the Founding team, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> has been established in response to increasing fragmentation across the yachting experience, with clients often relying on multiple service providers and disconnected sources of information, or larger organisations whose structures can inhibit a truly performance-driven approach.Rather than concentrating solely on transactional brokerage activity, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> will work closely with clients to develop personalised yachting strategies that reflect their lifestyle objectives and long-term aspirations. Whether a client's journey begins with charter, evolves into yacht ownership, or encompasses the management and optimisation of an existing asset, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>’s objective is to ensure that every stage of the experience is aligned with their individual expectations, priorities and goals."The superyacht industry has always been relationship-driven and that will never change," said Adam. "However, clients today require more than access and execution. Better insight and better intelligence leads to better decisions and better experiences. This is the role <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> intends to fill as trusted partners to our clients.”<a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>’s approach combines traditional brokerage expertise with strategic advisory and a deeper understanding of the factors that influence successful outcomes. The Founders believe that clients increasingly benefit from objective guidance, greater market visibility and a more integrated approach to decision-making. By bringing these elements together, the company aims to support clients across the full spectrum of yachting activities, from charter and acquisition through to ownership, management and eventual disposition.

Launch of Matterhorn yacht brokerage

Industry veterans Adam Papadakis and Kurt Fraser have announced the launch of Matterhorn, a new superyacht brokerage and advisory house.

Adam Papadakis and Kurt Fraser launch Matterhorn

<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

A new international association for naval architects, exterior and interior designers operating in the superyacht sector has been formally launched, called the <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">Superyacht Design and Naval Architecture Association (SYDNA)</a>.<img src="https://photo-assets.superyachttimes.com/photo/395084/image/large-ea7330f65bc3a99734a2919387e86bc7.jpeg" data-gid="gid://syiq/Photo/395084">Launched by Executive Director Clair Rozemeijer, alongside Luca Boldrini, Managing Partner of <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a> and Vice President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>, the organisation aims to provide greater collective representation for yacht designers and naval architects, an area of the superyacht industry that has historically lacked a unified voice despite significant growth over recent decades.“Associations are founded because individual companies often face similar challenges that they cannot solve entirely on their own, and the association’s role is to create a collective strategy and platform to address those challenges together so that ultimately all members benefit individually from the collaboration,” explained Rozemeijer.The association already counts 12 leading design and naval architecture practices among its membership, including <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>, <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Bannenberg &amp; Rowell Design</a>, <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a>, <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a>, <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a>, <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta</a>, <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a>, <a data-gid="gid://syiq/Company/8394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Philippe Briand Group Ltd. (Company)">Philippe Briand</a>, <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a>, <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, with qualifying studios invited to join<img src="https://photo-assets.superyachttimes.com/photo/395085/image/large-1f495a08cbefdd41f95fcaeceeb15138.jpg" data-gid="gid://syiq/Photo/395085">“Together with <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>'s board members and founding members, we explored where meaningful collaboration could exist, not in the areas where companies compete, but in the areas where we can collectively strengthen the profession of yacht designers and naval architects, and positively contribute to the wider industry,” added Rozemeijer.The association will aim to improve professionalism through market research, standard contracts, ethical guidelines and quality standards. <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> also plans to engage more actively with regulatory bodies including the <a data-gid="gid://syiq/Company/4531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Maritime Organization (Company)">International Maritime Organization</a> and ISO, while encouraging greater knowledge-sharing among members.Sustainability will also form a core area of focus, as designers and naval architects can play a greater role in supporting the transition towards more sustainable technologies and solutions, including developments linked to Roadmap 2050, in collaboration with the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>.“The Superyacht Builders Association (SYBAss) has successfully got the industry’s voice heard before new rules and regulations become a fait accompli,” added Espen Øino, founder and owner of <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, and President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. <img src="https://photo-assets.superyachttimes.com/photo/395086/image/large-bd4c7ffda795a9ef61a079534321475b.jpeg" data-gid="gid://syiq/Photo/395086">“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> allows us to have representation for elements specific to what we do as designers, whether that’s rules and regulations, how we deal with contracts, or other issues on which we will benefit from open discussion. It enables us to speak with one common voice toward authorities, the media, or clients.”The association also aims to strengthen recognition and credibility for member studios while supporting future generations of designers entering the sector. “The creative side of our industry has grown quite organically over many years and we’ve all entered it from different avenues,” said Jim Dixon, Studio Principal of Yachts &amp; Aviation at <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and board member of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. “We all felt it was time for consolidation, unanimity and robustness behind what we do.”To qualify for full membership, studios must have operated for at least 10 years and successfully delivered a minimum of five projects over 30 metres within the past decade, including new builds, major refits or conversions.“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> means we can not only bring designers together better, but also enhance our communication, cross-fertilisation and collaboration with shipyards and brokers, and ultimately that helps to grow the industry as a whole,” concluded Boldrini.

SYDNA launches international association for superyacht designers and naval architects

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

SYDNA launches to represent superyacht designers and naval architects

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

The Italian Sea Group aims for full operations by June 

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

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

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

TISG share capital falls below legal minimum

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

TISG enters restructuring phase after share capital falls below legal minimum

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

Ferretti Group reports lower Q1 revenue as order intake falls

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

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

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

Off The Hook Yacht Sales to rebrand as NextBoat

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

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

Safe Harbor’s Monaco Marine acquisition

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

Behind the Safe Harbor rebrand of Monaco Marine

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

Ferretti Group appoints Stassi Anastassov as CEO

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

home-featured-hero#0

Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions

The 27.1-metre <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> motor yacht <a data-gid="gid://syiq/Yacht/11264" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exit27.1m (88'11&quot;)Sunseeker2023">Exit</a> has been sold. Jonathan Lafortune of <a data-gid="gid://syiq/Company/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lafortune Yachts (Company)">Lafortune Yachts</a> introduced the buyer, while Filip Jerolimov of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/348913/image/large-3e4bc3cf0b85982a7e7c677bb64cfbe8.png" data-gid="gid://syiq/Photo/348913">Delivered in 2023, <a data-gid="gid://syiq/Yacht/11264" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exit27.1m (88'11&quot;)Sunseeker2023">Exit</a> features exterior and interior design and naval architecture penned in-house by Sunseeker. Her design combines modern styling with outdoor living.She can accommodate up to nine guests across four well-appointed staterooms. Her layout comprises a master suite which can be expanded to incorporate the adjacent guest suite. Moving outside, Exit’s flybridge is fitted with alfresco dining, a Jacuzzi and spacious exterior deck spaces.&nbsp;In terms of propulsion, <a data-gid="gid://syiq/Yacht/11264" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exit27.1m (88'11&quot;)Sunseeker2023">Exit</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 a cruising speed of 20 knots and a top speed of 26 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/11264" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exit27.1m (88'11&quot;)Sunseeker2023">Exit</a> had a last known asking price of €5,200,000.Photo courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

Sunseeker yacht Exit sold

The 27.1-metre Sunseeker motor yacht Exit has been sold.


27m Sunseeker motor yacht Exit sold

Project YB256 is a 45-metre steel and aluminium motor yacht under construction at <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort Shipyard</a> in the Netherlands. The first collaboration between the family-run yard and <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design Naval Architects</a>, the yacht’s retro styling masks a modern and highly capable cruiser engineered for long-distance voyaging.<img src="https://photo-assets.superyachttimes.com/photo/396216/image/large-6096248c4df8137326bee068ed36838f.jpg" data-gid="gid://syiq/Photo/396216">The impossibly picturesque village of Monnickendam on the western shore of the Markermeer, a vast freshwater reservoir not far from Amsterdam, has been home to the <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort Shipyard</a> for more than a century. Wedged into a narrow strip of dockland between the old town centre and the water’s edge, space is as precious as the custom yachts it builds, but over the years the management has perfected a choreography of space and timing to ensure multiple projects can progress without tripping over one another.“<a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a> is just a few kilometres down the road and we’ve often wanted to work with them, but the stars never aligned,” affirms Klaas Hakvoort, fourth generation director of the shipyard with his brother Albert Jr. “In this case, the client wanted Dutch pedigree, was happy with our pricing, and the complexity of the project was a perfect match for a custom builder like us.”<img src="https://photo-assets.superyachttimes.com/photo/396206/image/large-71da8891dd01ddb5eed6ecc0455c82e1.jpg" data-gid="gid://syiq/Photo/396206">Project YB256 was inspired by <a data-gid="gid://syiq/Yacht/6037" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blue II55.99m (183'8&quot;)Turquoise Yachts2020">Blue II</a>, the 56-metre expedition vessel with classic lines by <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a> launched by <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise Yachts</a> in 2020. <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a> partners Andre Hoek and Ruurt Meulemans translated the client’s admiration for the retro-influenced yacht into a more compact platform that would echo the same timeless elegance free of nostalgic mimicry, while embracing modern technology and efficiency. The owner’s exacting brief included full wheelchair accessibility, an elevator connecting all deck levels, and transatlantic capability.“The hull and superstructure were conceived to balance classic proportions with today’s efficient hydrodynamics,” says Ruurt Meulemans. “Computational fluid dynamics [CFD] analysis informed every curve, refining the bow shape and optimising volume distribution to reduce resistance as much as possible and improve wake flow to the twin propellers. The objective was a smooth, efficient ride across a transatlantic cruising envelope of close to 4,000 nautical miles – no small achievement for a vessel under 400 gross tons.“<img src="https://photo-assets.superyachttimes.com/photo/396218/image/large-f219694742e3fedf1f00ff2c0b5c4003.jpg" data-gid="gid://syiq/Photo/396218">Meeting these requirements called for some clever engineering based on robust, proven solutions. Finite element analysis (FEA) guided the placement of bulkheads, stringers, and the keel to ensure structural integrity under long passages without compromising interior volume. The challenge was compounded by hybrid-assisted propulsion comprising twin 1,000-hp MAN diesel engines paired with electric motors and supported by a lithium-ion battery bank.The system integrated by <a data-gid="gid://syiq/Company/3869" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Eekels Technology BV (Company)">Eekels Technology</a> allows for flexible operational modes. Electric mode provides a few hours of silent propulsion at low speed, ideal for manoeuvring in harbours or environmentally sensitive zones. In diesel mode the electric motors can function as shaft generators to reduce fuel burn on extended passages. The electric motors also add redundancy for additional peace of mind far from home. <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort</a> had direct experience of the latter: during sea trials of 61-metre <a data-gid="gid://syiq/Yacht/8621" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia61.0m (200'2&quot;)Royal Hakvoort Shipyard2024">Asia</a>, an electrical fault caused an engine shutdown, but the gearbox-mounted e-motors allowed the crew to manoeuvre safely away from an offshore wind farm.<img src="https://photo-assets.superyachttimes.com/photo/396210/image/large-bfbd4613c1cb6d84c9fb37fa9b5d37a0.jpg" data-gid="gid://syiq/Photo/396210">The battle for spaceA signature feature of the yacht is the continuous ribbon of wraparound glazing on the main and bridge decks – 17 tonnes of it. The bulwarks are also glass and the hull windows incorporate a dot-fade pattern that blends with the white hull from a distance. Combined with the classic sheer line and bronze-metallic funnel, the green-tinted glass adds a touch of understated elegance that hints at an era that never quite existed – but should have. The wheelhouse windows are not full-height, but the aluminium surfaces beneath will be clad with glass and the same green reflective finish to create the visual effect of uninterrupted glass.&nbsp;Extensive glazing has a downside, however: heat. Solar load becomes a critical issue, especially for a yacht destined for hot climates. One option is to increase HVAC capacity, but a smarter one is to engineer better insulation. <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Hakvoort</a> chose the latter. A two-year development programme with glass specialist Royal-Maritiem sought the ideal balance of solar control, privacy, clarity, structural strength, and colour uniformity. Each double-glazed laminated pane is filled with argon gas and coated with a low-emissivity metal film tuned to deliver the desired green tint. The result is a 50 precent reduction in heat transfer compared to conventional marine glass.<img src="https://photo-assets.superyachttimes.com/photo/396219/image/large-043a6cfbb4c2ee18f77e9eca62c4d295.jpg" data-gid="gid://syiq/Photo/396219">But heat is not the only issue. Full-height windows also eliminate the storage units and hidden cavities normally used to route ducting, wiring, and AC trunking, pushing the technical infrastructure inward. As a result, space became the defining constraint and the build team had to fight for every cubic centimetre. <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a> has deep experience of designing sailboats where space is always at a premium, but it was up to the shipyard to find ways to integrate complex systems into tight envelopes.“Nothing fitted, so we had to make it fit,” says Klaas, which could be the unofficial motto of the project. “By the time everything is installed, the engine room will be very full, but accessible and maintainable. Not cluttered – engineered.”The electrical switchboards span the full height of the engine from port to starboard across, an unavoidable result of the hybrid system. The engine room itself relies on seawater-fed heat exchangers because there wasn’t room for conventional air-cooling systems. The pool doubles as a tender bay with a dump tank and its own dedicated crane compartment that closes flush with the teak deck. Under the sunbed on the foredeck is a two-storey garage for the crew tender and a pair of PWCs. Add the elevator, wider side decks and interior passages sized for wheelchair access, and every available every void had to serve a purpose.<img src="https://photo-assets.superyachttimes.com/photo/396209/image/large-486995c89e482f3860ee5f1204771fb6.jpg" data-gid="gid://syiq/Photo/396209">Hidden in plain sightThe metallic bronze faux funnel is more than a charming styling cue; it also highlights the kind of engineering concealment that defines the whole project. Since the yacht has underwater exhausts, there was no need for a traditional dry stack – nor was there space to route ducting up to one. Instead, the funnel became the home of the fresh-air unit that draws in and purifies outside air for the HVAC system. Fitting it inside that tight volume meant some early design assumptions had to be reworked.&nbsp;Routing the air quietly around the yacht from high up in the vessel posed further challenges. The onboard noise targets are uncompromising and the owner’s suite is engineered for a harbour maximum of 44 decibels, although <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Hakvoort</a> typically achieves lower. Underway, the expected levels sit in the low 50s – quiet enough that the only audible sound should be the soft splash of water along the hull. Modern superyachts achieve such low mechanical noise levels that airflow has become the primary acoustic concern, not the engines or generators.<img src="https://photo-assets.superyachttimes.com/photo/396212/image/large-a2aeb88e2ca030f7dc36a4bed74abb21.jpg" data-gid="gid://syiq/Photo/396212">“You won’t hear machinery these days – you’ll hear air moving through the ducting,” confirms Klaas. “That’s why we focus obsessively on silencing ducts, bends and terminations.”Consider the HVAC ducting for the crew quarters. To reach the lower deck forward, it has to pass under the bed in the owner’s stateroom, negotiating several dog-leg bends in the process. Air accelerates noisily through tight turns due to mass conservation and pressure shifts, so the yard routinely uses flexible elbow sections with larger diameters and internal damping to reduce turbulence and suppress sound. <img src="https://photo-assets.superyachttimes.com/photo/396214/image/large-892daf254a9606fb0d0d5fed5e58dda4.jpg" data-gid="gid://syiq/Photo/396214">Elegance with an edgeThe aluminium superstructure was built at <a data-gid="gid://syiq/Company/5231" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alu-bouw Fryslân BV (Company)">Alubouw Fryslan</a> in Franeker and joined to the steel hull at Buijs Shipyard – the hull builder – before being towed to Monnickendam, but <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort</a> has its own joinery division and stainless-steel department that produce most of the fixed furniture and deck hardware in-house. Klaas points out the custom-engineered hinges used for the exterior doors as an example of the shipyard’s hands-on approach. During development, these hinges were tested in the most practical way imaginable: by suspending 40 kg weights to a toilet door heavily used by shop-floor workers. Any weaknesses that surfaced were corrected before installation.&nbsp;Another example is the aluminium hull platform that folds out from the topsides amidships and connects to the main deck by way of a boarding ladder for tender access. The platform being assembled in the metalworking department uses a hydraulic rotary or slew drive – more compact than conventional rams and able to generate high torque in tight spaces, it is a solution that has been refined by <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort</a> over years of building canoe-stern vessels.<img src="https://photo-assets.superyachttimes.com/photo/396211/image/large-9d9af2d4a7ba3a495473f7ac81ad923c.jpg" data-gid="gid://syiq/Photo/396211">Although capable of crossing the Atlantic, YB256 will primarily be used for short, comfortable runs with the frequent returns to port and high hospitality demands typical of most operational profiles. Every aspect of the interior has been conceived with wheelchair accessibility in mind, including a transformer-style platform in the stern. Guest and crew flows remain fully separated, which is not always the case on yachts of this size. The lower deck houses two full-beam VIP suites arranged around the main lobby and elevator; a third space will be used as an office/gym with a built-in recess for a running machine. The bridge deck is reserved for the owner’s sky lounge, while the captain’s cabin has been relocated to the lower deck. Crew areas have been configured to maximise discretion and operational efficiency with service and storage areas scaled to support day-use cruising.After touring the shipyard and the yacht, the lasting impression is that YB256 is not just a modern yacht in retro clothing. It is a study in constraint-driven design and smart engineering by a shipyard for whom “custom” is a vocation, not a marketing term. Its timeless elegance is more than skin deep, the result of many difficult decisions made in the belief that contemporary and classic can comfortably coexist – both in appearance and in engineering.<img src="https://photo-assets.superyachttimes.com/photo/396220/image/large-95656d748cc09cc4e461acdaecb835d0.jpg" data-gid="gid://syiq/Photo/396220">

Inside the build of a 45m Royal Hakvoort superyacht

Inside Royal Hakvoort's Project YB256, in collaboration with Hoek Design.

<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> has announced that the 47.1-metre superyacht <a data-gid="gid://syiq/Yacht/864" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Halcyon47.1m (154'6&quot;)Feadship2001">Halcyon</a> has emerged from one of the most extensive rebuild programmes undertaken in recent years by its Refit &amp; Services division.<img src="https://photo-assets.superyachttimes.com/photo/396848/image/large-8821793a232d9fd6e300af307993cb86.jpg" data-gid="gid://syiq/Photo/396848">Launched in 2001 as Northern Lights, the yacht arrived at the Kaag facility in 2025. Initial works focused on a redesigned stern arrangement, a full repaint and a series of technical upgrades. However, it soon became clear that returning the vessel to proper standards, given her age, would require a far wider scope of intervention.<img src="https://photo-assets.superyachttimes.com/photo/396849/image/large-fc76ffca2e26a85305672b12c99c6657.jpg" data-gid="gid://syiq/Photo/396849">"When <a data-gid="gid://syiq/Yacht/864" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Halcyon47.1m (154'6&quot;)Feadship2001">Halcyon</a> arrived, we expected a major refit," said Captain Joe Gallegos. "As the project developed, it became clear that we had the opportunity to do much more. With a knowledgeable and enthusiastic owner involved, it all came together."The yacht now features major structural, mechanical, technical and cosmetic improvements, while still retaining her original build heritage.<img src="https://photo-assets.superyachttimes.com/photo/396846/image/large-3c005ecf41d31b63211896ec2b37e432.jpg" data-gid="gid://syiq/Photo/396846">Among her most visible changes is a new staircase linking her main deck to her swim platform, together with a completely renewed exterior finish across both hull and superstructure. A number of exterior elements have also been refreshed, alongside modifications made to her mast as part of her broader works.Moreover, the project extended deep into the yacht’s systems. This amounted to a full technical renewal rather than a standard refit.<img src="https://photo-assets.superyachttimes.com/photo/396847/image/large-a4569b2d5318908af6126f84b323a9f6.jpg" data-gid="gid://syiq/Photo/396847"><a data-gid="gid://syiq/Yacht/864" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Halcyon47.1m (154'6&quot;)Feadship2001">Halcyon's</a> bridge was fully updated with new equipment and related interior adjustments. Throughout the yacht, electrical systems were checked and upgraded, with new alarm, monitoring and power management systems fitted. The HVAC system was completely replaced, including new chillers, air handling units and fan coils.&nbsp;Guest and crew areas were also refreshed, including refurbished staterooms, restored marble surfaces, new blinds and updated interior finishes throughout. On deck, new teak was laid across most exterior areas. Key running gear was serviced and overhauled, including steering, shafts, bow thruster and rudders. Cold storage systems were renewed, diving equipment improved, tanks and technical rooms repainted, and her underwater hull coating fully redone after sandblasting.<img src="https://photo-assets.superyachttimes.com/photo/396850/image/large-75c81ae7c7f8ec276ac58002cfd81609.jpg" data-gid="gid://syiq/Photo/396850">The works carried out in her engine room and technical spaces were also substantial. Main engines and gearboxes were overhauled, two new generators installed, and core onboard systems replaced or upgraded. This included water production, ventilation, tank systems, sewage treatment, heating, freshwater distribution and fuel handling. Piping, wiring and supporting infrastructure were also replaced throughout the vessel.<img src="https://photo-assets.superyachttimes.com/photo/396851/image/large-cf76487ddc9091f4c992dfd8f969de75.jpg" data-gid="gid://syiq/Photo/396851">"What started as a refit became something much closer to a modified new build. The result is a classic <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>, renewed and ready for years of successful cruising,” Captain Joe concluded.<a data-gid="gid://syiq/Yacht/864" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Halcyon47.1m (154'6&quot;)Feadship2001">Halcyon</a> is now in the final commissioning phase ahead of her scheduled redelivery to her owner in July.

Feadship yacht Halcyon following refit

47m Feadship superyacht Halcyon emerges from extensive refit

<img src="https://photo-assets.superyachttimes.com/photo/396774/image/large-a930a2ff3cfa4b35df518a453ca17847.jpeg" data-gid="gid://syiq/Photo/396774">The 59.2-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/588" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Le Pharaon59.2m (194'3&quot;)Feadship1989">Le Pharaon</a> was recently seen anchored in Stabia Main Port, Castellammare di Stabia, Italy. According to AIS data, the yacht arrived from Bizerte, Tunisia, where she had been located since late last month.<a data-gid="gid://syiq/Yacht/588" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Le Pharaon59.2m (194'3&quot;)Feadship1989">Le Pharaon</a> is the second yacht to bear the name, having been commissioned by the same owner. After spending much of each year living aboard the original 55.5-metre Le Pharaon, now called <a data-gid="gid://syiq/Yacht/596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Victory55.5m (182'1&quot;)Feadship1983">Victory</a>, the owner opted to commission a larger successor tailored to extended periods of cruising.Designed by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a>, the yacht is characterised by the angular styling of her main deck superstructure and a timeless profile. Inside, the original interiors by <a data-gid="gid://syiq/Company/128" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Larvor (Company)">Larvor</a> were extensively refreshed and restyled in 2015 by designer Laura Pomponi of <a data-gid="gid://syiq/Company/2090" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luxury Projects (Company)">Luxury Projects</a>, with accommodation available for up to 12 guests.Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/588" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Le Pharaon59.2m (194'3&quot;)Feadship1989">Le Pharaon</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines that enable a cruising speed of 15.6 knots. According to <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>, both generations of <a data-gid="gid://syiq/Yacht/588" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Le Pharaon59.2m (194'3&quot;)Feadship1989">Le Pharaon</a> were conceived with highly advanced engine room arrangements designed to support long-range cruising and global exploration.

Feadship yacht Le Pharaon in Italy

The 59.2-metre Feadship superyacht Le Pharaon was recently seen anchored in Stabia Main Port.

59m classic Feadship superyacht Le Pharaon in Italy

The 26.78-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> has been sold, with Sercan Nersesoglu of <a data-gid="gid://syiq/Company/5693" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Redna Yachts (Company)">Redna</a> representing the buyer and Matthew Palmer of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/282928/image/large-2eec32659524312f3cdad943251a694d.jpg" data-gid="gid://syiq/Photo/282928">Delivered in 2020 by the Italian shipyard, <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> forms part of the popular Grande 27 Metri series and was previously named Dawo.Constructed with a GRP hull and superstructure, <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> has a beam of 6.59-metres and a draft of 1.45-metres.The yacht features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a>. Her naval architecture was developed in-house by her builder.At an interior volume of 145 GT, accommodation onboard <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> is arranged for up to 10 guests across five well-appointed staterooms. Four dedicated quarters are also provided for up to four crew members, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines delivering a cruising speed of 24 knots and a top speed of 28 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> had a last known asking price of €3,999,000. Image courtesy of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>.

 27m Azimut motor yacht Chillin sold

 The 26.78-metre Azimut motor yacht Chillin has been sold with a last known asking price of €3,999,000.


The 49.98-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> motor yacht <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> has been spotted on sea trials in the North Sea, following her transport through the Netherlands earlier this week in preparation.<img src="https://photo-assets.superyachttimes.com/photo/396813/image/large-b91f23af584a7316444180ce1cfb0db1.jpeg" data-gid="gid://syiq/Photo/396813">The yacht was launched from <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen's</a> facility in Oss, the Netherlands, on 14 March and marks the fourth hull in the Dutch shipyard's 5000 Aluminium series. Construction commenced in 2023, with her aluminium hull and superstructure united in July 2024.<img src="https://photo-assets.superyachttimes.com/photo/396812/image/large-7d000f0063adbc92f318e9b2d58c7018.jpeg" data-gid="gid://syiq/Photo/396812">Penned entirely in-house, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia's</a> naval architecture is based on <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen's</a> hard-chine, shallow-draught Fast Displacement Hull Form. Her exterior design was crafted by Frank Laupman of <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a> and is finished in a distinctive Whisper Grey <a data-gid="gid://syiq/Company/1485" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Awlgrip (Company)">Awlgrip</a> paint scheme.<img src="https://photo-assets.superyachttimes.com/photo/396810/image/large-1961eda3c76187add8a6af4115b8c74d.jpeg" data-gid="gid://syiq/Photo/396810"><img src="https://photo-assets.superyachttimes.com/photo/396807/image/large-d1870b2254f1e3bdb2da557f0bd61daf.jpeg" data-gid="gid://syiq/Photo/396807">Inside, the semi-custom yacht features interiors by <a data-gid="gid://syiq/Company/205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cristiano Gatto Design (Company)">Cristiano Gatto Design</a>, where a sophisticated palette of sage green tones, mustard accents and warm bronze details creates an inviting atmosphere throughout.<img src="https://photo-assets.superyachttimes.com/photo/396806/image/large-fc903b7fb9906edeb7c5cc615bbf59fd.jpeg" data-gid="gid://syiq/Photo/396806"> <img src="https://photo-assets.superyachttimes.com/photo/396814/image/large-703c345b11640b9751c6d66bb4dc87be.jpeg" data-gid="gid://syiq/Photo/396814">Drawing inspiration from her name, which derives from the Greek word for wisdom, the interior concept aims to evoke a sense of refinement and understated elegance.Moreover, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> accommodates up to 12 guests across five staterooms at a volume of 499 GT. <img src="https://photo-assets.superyachttimes.com/photo/396804/image/large-14beb04d7750059930cccd1561845462.jpeg" data-gid="gid://syiq/Photo/396804">The arrangement is centred around a spacious owner's suite on the forward main deck, while the remaining guest accommodation is located on the lower deck.<img src="https://photo-assets.superyachttimes.com/photo/396649/image/large-205f426ce70968959dc26de7e55d1248.jpeg" data-gid="gid://syiq/Photo/396649"><img src="https://photo-assets.superyachttimes.com/photo/396652/image/large-546c42eb9478bab7a3c65d2890fd6cd3.jpeg" data-gid="gid://syiq/Photo/396652">Outdoor living is a key feature of the yacht's design. A generous beach club provides direct access to the water, while the main deck aft terrace offers ample space for lounging and relaxation. Guests can enjoy alfresco dining on the bridge deck aft, with additional entertaining and sunbathing areas available on the expansive sundeck.<img src="https://photo-assets.superyachttimes.com/photo/396651/image/large-a603ef8da832512f7f449be519a433b4.jpeg" data-gid="gid://syiq/Photo/396651"><img src="https://photo-assets.superyachttimes.com/photo/396653/image/large-ab0cf674fd5eaebcc711944e0736c3cf.jpeg" data-gid="gid://syiq/Photo/396653">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, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> is expected to reach a top speed of 23 knots and offers a transatlantic range of 3,100 nautical miles when cruising at 11 knots.<img src="https://photo-assets.superyachttimes.com/photo/396520/image/large-bc3e170199cfcab010ffbf2bec2571f3.jpg" data-gid="gid://syiq/Photo/396520">Built on speculation, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> is currently listed for sale and is scheduled for delivery on 15 July 2026.<img src="https://photo-assets.superyachttimes.com/photo/396647/image/large-318a3cc36ef6d0d7e0136af4f2acdb03.jpeg" data-gid="gid://syiq/Photo/396647"><img src="https://photo-assets.superyachttimes.com/photo/396522/image/large-f97599b52b7c3e4adb33a5e23df0ca8b.jpeg" data-gid="gid://syiq/Photo/396522">

Heesen yacht Sophia sea trials

Heesen has announced that the 49.98-metre Heesen motor yacht Sophia is preparing for her sea trials. 

50m Heesen superyacht Sophia on sea trials

The 28.04-metre <a data-gid="gid://syiq/Company/538" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Westship Yachts (Company)">Westship</a> motor yacht <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> has been sold. Mark Mitchell of <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY Yacht Sales</a> represented the buyer, while Cole Watkins of <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> represented the seller. <img src="https://photo-assets.superyachttimes.com/photo/374227/image/large-685e94b0a17dddfab290192c1d7f58e3.jpg" data-gid="gid://syiq/Photo/374227">Delivered in 1997 by the American shipyard, <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> is a flybridge motor yacht that marries generous onboard space with long-range cruising capability. According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> most recently underwent a refit in 2023.Stepping inside, <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> embraces a classic styling, pairing warm timber finishes with soft neutral tones and rich navy accents. Expansive windows flood her main saloon with natural light, while airy lounge areas on the deck and a full-beam owner’s suite all contribute to her relaxing atmosphere.With a beam of 7.01-metres and spanning 137 GT, accommodation onboard <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> is arranged for up to eight guests across four well-appointed staterooms, alongside dedicated quarters for crew members.&nbsp;In terms of propulsion, <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</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, delivering a cruising speed of 17 knots and a top speed of 22 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> had a last known asking price of $695,000.

28m Westship motor yacht Bravo Zulu sold

The 28.04-metre Westship motor yacht Bravo Zulu has been sold with a last known asking price of $695,000.

Norwegian yacht brokerage firm <a data-gid="gid://syiq/Company/7596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skippern Yachts (Company)">Skippern Yachts AS</a> has announced that it will take over the operations of the <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent BV</a> yacht &amp; ship brokerage. The transition is set to take effect on 1 July 2026.<img src="https://photo-assets.superyachttimes.com/photo/396785/image/large-11656c5f35c638490d570c2a8263141e.jpg" data-gid="gid://syiq/Photo/396785">The move follows the decision of <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> founder and Chief Executive Officer Marcel Borgmann to step back from the yachting industry after more than 35 years. Established in 2010, <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> has grown into an internationally recognised brokerage network. The company provides sales, charter and advisory services to yacht owners and buyers through a network of brokers across multiple countries.Under the new arrangement, <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent's</a> activities will continue under the ownership and management of <a data-gid="gid://syiq/Company/7596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skippern Yachts (Company)">Skippern Yachts</a>, led by Managing Director Rune Riktor. The company stated that the transition is intended to ensure continuity for clients and partners while preserving the values and reputation established by <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> over the past 16 years.“Marcel has created something truly remarkable," said Rune. "<a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> earned its reputation through hard work, expertise, and an unwavering focus on clients. We are honoured by the trust Marcel has placed in us and are committed to carrying forward the values, relationships, and high standards that have defined <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> for so many years.”Rune is no stranger to the brokerage house, having worked with <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> for several years as both an agent and partner. According to <a data-gid="gid://syiq/Company/7596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skippern Yachts (Company)">Skippern Yachts</a>, this longstanding relationship will help maintain the level of service and international reach that clients have come to expect.“I am immensely proud of what we have achieved through <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a>. It has been an incredible journey, made possible by our clients, partners, and colleagues around the world,” concluded Marcel. “I have every confidence that Rune and the team at <a data-gid="gid://syiq/Company/7596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skippern Yachts (Company)">Skippern Yachts</a> will continue this journey with the same passion and dedication that have always been at the heart of <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a>.”Photo courtesy of <a data-gid="gid://syiq/Company/7596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skippern Yachts (Company)">Skippern Yachts</a>.

Skippern Yachts takes over Sea Independent brokerage

Norwegian yacht brokerage firm Skippern Yachts AS has announced that it will take over the operations of the Sea Independent BV.