Merle Wood &amp; Associates has announced the newest member to their already world renowned and top producing staff in the superyacht brokerage &amp; charter industry. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/132459/image/large-b2f6f4f2350d48256c5b5dd59d757047.jpg" data-gid="gid://syiq/Photo/132459">Based in Geneva, Cecile Blin brings with her an elite client base &amp; expertise in superyacht sales &amp; charter.Merle Wood Cecile Blin +41 794 268 881 <a href="mailto:cblin@merlewood.com?subject=Cecile%20Blin%20on%20SuperYachtTimes.com">cblin@merlewood.com</a> <a target="_blank" href="http://www.merlewood.com/">www.merlewood.com</a>

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Cecile Blin joins Merle Wood & Associates 

<a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> has announced an exclusive appointment as the agent for <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> in Asia. This strategic partnership hopes to bring together the two iconic brands, both of which are renowned for their commitment to excellence, craftsmanship, and pioneering in the yachting industry.<img src="https://photo-assets.superyachttimes.com/photo/309284/image/large-93bdce7c99289d2ae58e9267a68f7e82.jpg" data-gid="gid://syiq/Photo/309284">Operating as one of Asia-Pacific’s leading yacht sales and service companies, <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> has already begun a new strategic chapter, with the retirement of the company’s founder, Mike Simpson and the recent acquisition by <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, announced on 5th March 2024.Read:&nbsp;<a data-gid="gid://syiq/Article/59876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo acquires 95% of Simpson Marine Group (2024-03-06 09:45:00 +0100)">Sanlorenzo acquires 95% of Simpson Marine Group</a><a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)"><img src="https://photo-assets.superyachttimes.com/photo/309290/image/large-bbfa5629e30fe9af8305cc907df9a4c3.jpg" data-gid="gid://syiq/Photo/309290">Simpson Marine</a> now plans to expand beyond Asia and continue operating as a multi-brand dealership with an updated brand portfolio including <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, <a data-gid="gid://syiq/Company/5648" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluegame (Company)">Bluegame</a>, <a data-gid="gid://syiq/Company/2793" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairline Boats Ltd (Company)">Fairline</a> and <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>.“This notable addition to our portfolio consolidates our presence in the high-end yachting market segment, offering our customers a range of yachts sharing the same principles of the highest craftsmanship and artisan approach,” explained Richard Allen, Chief Operating Officer of <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a>.<img src="https://photo-assets.superyachttimes.com/photo/309292/image/large-c02fb38a81ceb3b6ad6502ea55d75d7f.jpg" data-gid="gid://syiq/Photo/309292">The collaboration between <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> and <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> will be officially launched at the <a data-gid="gid://syiq/Event/222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Singapore Yachting Festival - 2024">Singapore Yachting Festival</a>, taking place this week from 25 to 28 April.&nbsp;"The strong network, the key locations and the highly qualified sales and service teams of <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> will bring the best opportunities to develop the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> brand in some established and upcoming markets of Asia,” added Olivier Decamps, Asia-Pacific Regional Director at <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>.<a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)"><img src="https://photo-assets.superyachttimes.com/photo/309293/image/large-1d9c30ee6bab86a4338b2dcedc4263c5.jpg" data-gid="gid://syiq/Photo/309293">Simpson Marine</a> is committed to growing the Asia-Pacific market, with the inaugural <a data-gid="gid://syiq/Event/213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit">Asia-Pacific Superyacht Summit</a> being held under the patronage of <a data-gid="gid://syiq/Company/7547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Superyachts (Company)">Simpson Superyachts</a>. Taking place in Hong Kong on the 5 and 6 of June, at the Renaissance Hong Kong Harbour View Hotel, the summit aims to develop the Asian superyacht market, in a bid to attract more yachts to the region.James Clayton, Sales Director for <a data-gid="gid://syiq/Company/7547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Superyachts (Company)">Simpson Superyachts</a> is also one of the confirmed speakers at the event for the topic of “Selling superyachts in Asia”You can<a data-gid="gid://syiq/Article/59887" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit 2024 programme announced (2024-04-04 17:00:00 +0200)">&nbsp;find out more about the Asia-Pacific Superyacht Summit</a> and <a href="https://www.eventbrite.nl/e/asia-pacific-superyacht-summit-2024-tickets-810039679487" rel="noopener noreferrer" target="_blank" title="">purchase tickets here</a>.

Simpson Marine appointed Asia's exclusive agent for Nautor Swan

Simpson Marine has announced an exclusive appointment as the agent for Nautor Swan in Asia.

Simpson Marine appointed as exclusive agent for Nautor Swan in Asia

The 98.4-metre <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a> superyacht <a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017">Aviva</a> has reportedly left Malta after her owner, convicted inside-trader Joe Lewis, paid a €5 million fine to the US authorities. The yacht reportedly travelled from Malta along Albania’s coast, before docking at Zakynthos.<img src="https://photo-assets.superyachttimes.com/photo/300951/image/large-2f5e08db5ae6a1fd969e72a40dc16f91.jpg" data-gid="gid://syiq/Photo/300951">British billionaire Joe Lewis was sentenced to three years of probation on 4 April 2024, after pleading guilty to insider trading charges in New York and admitting to sharing business secrets with personal friends.Lewis was sentenced by a federal judge after admitting to repeatedly passing information about four publicly traded companies to his girlfriend, personal pilot, employees and friends, though he did not personally trade or financially benefit from the information shared.<img src="https://photo-assets.superyachttimes.com/photo/291464/image/large-55953f9cd105cbb3f7689ffe4cbcc39c.jpeg" data-gid="gid://syiq/Photo/291464">One of Lewis’ companies, Broad Bay Ltd, also pleaded guilty to securities fraud in the case and agreed to pay a $50 million penalty. According to the Associated Press this is "the largest financial penalty for insider trading in a decade.”According to Bloomberg, Lewis pledged his yacht <a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017">Aviva</a>, along with his private jet to secure his release following his arrest in July. He was prohibited from setting foot onboard the yacht until he had paid a $5 million fine after sentencing, which he settled soon after the verdict in Manhattan.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/59837" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="98m Abeking & Rasmussen superyacht Aviva in Malta (2024-03-01 08:00:00 +0100)">98m Abeking &amp; Rasmussen superyacht Aviva in Malta</a><a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017"><img src="https://photo-assets.superyachttimes.com/photo/291465/image/large-c8a5b4b76e871b101d43dad5b394f424.jpeg" data-gid="gid://syiq/Photo/291465">Aviva</a> had remained in the Mediterranean port for the past year while Lewis faced charges in the US, but has since cruised to the Greek island of Zakynthos earlier last week. The yacht was then seen near Kalamata in southern Greece, although it was unclear whether Lewis was onboard.<a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017">Aviva</a> was delivered in 2017 from Germany and features interior and exterior design by <a data-gid="gid://syiq/Company/56" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Reymond Langton Design Ltd. (Company)">Reymond Langton Design</a>, with naval architecture by her builder <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a>. She boasts eight guest suites, with key amenities including a helipad, padel tennis court, spa and a cinema.<img src="https://photo-assets.superyachttimes.com/photo/43360/image/large-152f9a2cee7ae593d6015229206b47e2.jpg" data-gid="gid://syiq/Photo/43360">

98m yacht Aviva on the move again after convicted owner pays US fine

The 98m Abeking & Rasmussen superyacht Aviva has reportedly left Malta, after her owner Joe Lewis paid a €5 million fine to the US authorities.

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98m superyacht Aviva on the move again after convicted owner pays US fine

Netherlands-based shipyard <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> has announced the retirement of founder Wim van der Valk. <img src="https://photo-assets.superyachttimes.com/photo/308901/image/large-0cfa0ff17e671aa8b5e90856283454ef.jpg" data-gid="gid://syiq/Photo/308901">Wim van der Valk has been at the helm of the shipyard since its foundation in 1967, and his retirement coincided with the celebration of his 79th birthday. As a result of this, a management buyout of Van der Valk’s shares has taken place, financially supported by a family of experienced yacht owners who have previously commissioned three custom superyachts from the <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a>.“<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> has firmly established itself in recent years as one of the only yards in the world with the capacity and flexibility to build all-custom superyachts up to 45 metres in length,” explained <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a>. <img src="https://photo-assets.superyachttimes.com/photo/308902/image/large-44fd1a92471c056f658eaaffd2f05467.jpg" data-gid="gid://syiq/Photo/308902">“The management team of Enrico Theuns, Bram Kooltjes and Yoeri Bijker can leverage on decades of combined experience in the high-end yachting industry and will continue to enjoy the ongoing support of President Emeritus Wim van der Valk as an advisor to the board.”Based in Waalwijk, the Netherlands, <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> boasts 9,000 square metres of facilities, with its seventh construction hall opening last November. As well as this, they also reported a full order book stretching well into 2026, which includes their largest superyacht built to date. <img src="https://photo-assets.superyachttimes.com/photo/272384/image/large-3f79af43b9989549f108404a8d5cf2f1.jpg" data-gid="gid://syiq/Photo/272384">“The significant capital investment will enable <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> to continue growing our unique niche in the market for bespoke yachts between 25 and 45 metres,” commented head of sales Yoeri Bijker.&nbsp;“The new primary shareholders fully understand our yard’s ethos having built several award-winning yachts with us and are committed to ensuring <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> retains its Dutch structure, heritage and quality. We have a solid financial future as an independent entity with various options available for further expansion. Wim’s unrivalled legacy could not be in safer hands.”

Wim Van der Valk retires from Van der Valk shipyard

Netherlands-based shipyard Van der Valk has announced the retirement of founder Wim van der Valk.

Van der Valk Shipyard announces retirement of founder and management buyout

A group of 16 leading boat manufacturers and eight industry associations have come together to develop the first-ever environmental footprint methodology for recreational boats under 24 metres.<img src="https://photo-assets.superyachttimes.com/photo/308823/image/large-7f755a2c28b948b5137b3cb872f411d2.jpg" data-gid="gid://syiq/Photo/308823">Tackling climate change and minimising environmental impact a is a significant challenge for the yachting industry. The industry is committed to addressing emissions across the entire lifecycle, however this is only possible with a unified approach.Developed under the umbrella of the European Boating Industry (EBI), the project will be backed up by a database and assessment tool, to allow small and large manufacturers to access the green transition.Among those involved with the project include, Amel Yachts, Amer Yachts, <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti Group</a>, Bavaria Yachts, <a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Beneteau Group</a>, <a data-gid="gid://syiq/Company/7265" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Del Pardo (Company)">Cantiere del Pardo</a>, Catana Group, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Fountaine Pajot, <a data-gid="gid://syiq/Company/6194" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grand Large Yachting (Company)">Grand Large Yachting</a>, Greenline, Inha Works, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, Sasga, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a>, and <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>.The environmental sustainability consultancy Quantis has been chosen as technical partner for the project, with ICOMIA, the International Council of Marine Industry Associations, acting as a strategic partner of the project to ensure global alignment.<img src="https://photo-assets.superyachttimes.com/photo/308818/image/large-e1d9f5e94b0e65abeb83a659c96ef5a4.jpg" data-gid="gid://syiq/Photo/308818">“This is a unique and highly welcome cooperation,” explained Robert Marx, President of EBI. “For the first time, competing manufacturers are committed to jointly addressing the sustainability challenge.”The project will be conducted in two phases, first focusing on developing a science-based and transparent environmental footprint methodology to harmonise calculation rules. In the second phase, the focus will be on implementing this with a comprehensive materials database and user-friendly calculation tool.&nbsp;This will allow manufacturers to conduct eco-design and comprehensively reduce environmental impact, as well as communicate the environmental footprint to consumers, stakeholders and regulators. The project hopes to eventually go beyond carbon emissions and include other critical environmental indicators.<img src="https://photo-assets.superyachttimes.com/photo/308824/image/large-13ce8e821b3be7401b58db04e363f78a.jpg" data-gid="gid://syiq/Photo/308824">“The outcomes will allow companies of all sizes to access the green transition without greenwashing, reduce environmental impact and proactively shape the regulatory approach in Europe and globally,” added Robert Marx.This combined effort will allow the yachting industry to comply with the latest EU environmental legislation and be ahead of the regulatory curve. The project has already been presented to the EU Commission and has received strong support.The threshold of 24 metres was chosen to align with EU regulations, and will be based on a coherent Life Cycle Assessment approach, following the stringent EU Product Environmental Footprint Category Rules.“We need a proactive and pragmatic approach to sustainability and this project will develop the tools that industry needs,” concluded Robert Marx.

Boating industry to develop landmark Environmental Footprint Standard 

A group of boat manufacturers and industry associations have come together to develop the first environmental footprint methodology for boats.

Boating industry comes together to tackle sustainability in yachts

In January, <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> announced that it had to enter a restructuring phase, stating that it had to transition from a 'founder-funded entity to an investor-funded one, led by experienced industry professionals." The company has now completed its restructuring, with German-American investor and <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> client Michael Said having acquired the shipyard out of administration to fund the construction of all in-build projects. <img src="https://photo-assets.superyachttimes.com/photo/308337/image/large-812058c3c2553e503fd4e90ebb28dd38.jpg" data-gid="gid://syiq/Photo/308337">The company has also put a new management team in place, led by the new CEO Fabrizio Iarrera, formerly of both <a data-gid="gid://syiq/Company/4387" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monte Carlo Yachts (Company)">Monte Carlo Yachts</a> and Dolce Vita Yachts. Iarrera will run day-to-day operations with support from Michael Said and a board of shareholders. Steve Bell, a veteran manager from manufacturing businesses, has agreed to serve as Vice Chairman of this board and together, they will oversee the new business and assist the new management team to achieve growth.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/308325/image/large-34efb50e8a582c4756be751867e7f036.jpg" data-gid="gid://syiq/Photo/308325">New CEO Fabrizio Iarrera commented, "<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> is known and recognised throughout the yachting world for developing the technology to make electric catamarans a reality. There are costs associated with creating an entirely new market, and the original business fell prey to these, at a time when price inflation everywhere was spiralling out of control."<img src="https://photo-assets.superyachttimes.com/photo/308333/image/large-6e974e48db713ec1223b3e352e089d51.jpg" data-gid="gid://syiq/Photo/308333">Michael Said has acquired <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> through his acquisition firm Helios Yacht Investments GmbH and has taken control of all assets and intellectual property, including the yachts' design and the shipyard in Fano. Said's investment protected the companies 140 employees jobs and has enabled the yard to continue its production, with the company also announcing the launch of the first <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent</a> 62 catamaran. A further seven of the model are due to launch this year. <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> has also confirmed that it will launch the first 23.95-metre <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent</a> 80 model in 2025, the first of which were due for delivery this year.&nbsp;Iarrera added, "Our yacht owners are passionate about the brand and the yacht itself, as our very strong pipeline of orders shows. For Michael Said, it was an easy decision to invest in a restructured S<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">ilent Yachts</a>, and many of our other owners are just as keen. We know we have a job to do to rebuild the brand's reputation, but we've been thrilled by the positive reception we've had from those who have already put in orders."Over the coming two years, the focus of the yard will be to complete all projects currently under construction and will offer additional build slots of 2025 and 2026.

Silent Yachts new ownership

Silent Yachts announces new management and ownership.

Silent Yachts announces new ownership and management

<a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> has announced the appointment of Ale Navarro as Sales Broker and Partner. Ale Navarro joins <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> with a plethora of knowledge and experience within the industry. <img src="https://photo-assets.superyachttimes.com/photo/308364/image/large-b9cefa9914c17c0a51423ecc19391e77.jpg" data-gid="gid://syiq/Photo/308364">Navarro developed a passion for yachting from a young age, where he spentless countless hours sailing with his family in Colonia and Punta del Este, Uruguay. From here, a deep understanding and appreciation of the water was instilled into him, laying the foundation for his career in the industry.“We are delighted to welcome Ale Navarro to the <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> team,” added Altea Llakmani, COO and Co-Founder of <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a>. “His unwavering passion for the yachting industry, coupled with his robust client relationships and track record of success, make him an invaluable addition to our Company.”Ale Navarro ascended through the ranks from dayworker to captain, serving 10 years under one of the most prolific American superyacht owners. His passion, coupled with his career has led him to be a highly respected individual within the industry.Read:&nbsp;<a data-gid="gid://syiq/Article/49640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Market Watch: Ale Navarro from HMY Yachts (2019-03-05 16:00:00 +0100)">Market Watch: Ale Navarro from HMY Yachts</a><img src="https://photo-assets.superyachttimes.com/photo/65752/image/large-6084768b5300bd3d637c39124ee025be.jpg" data-gid="gid://syiq/Photo/65752">“My decision to join <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> was motivated by a shared commitment to excellence and a mutual dedication to delivering unparalleled client experiences,” expressed Navarro. I saw an opportunity to align myself with a brokerage house that reflects my own values and aspirations. I am eager to contribute to a team that shares my passion for exceeding client expectations.”Ale Navarro’s specialty lies in new yacht construction, where he was recognised as one of the top sellers for <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> USA, and broker of the year at <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY Yachts</a> in 2023.&nbsp;“As we continue to evolve and expand, Ale’s presence as a business partner will undoubtedly facilitate our growth and strengthen our team dynamics, added Altea Llakmani. “At <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI</a>, we pride ourselves on fostering a familial atmosphere, and Ale’s energy, enthusiasm, and drive align perfectly with our ethos. We are thrilled to have him onboard”

FGI Yacht Group appoints Ale Navarro as Sales Broker and Partner

FGI Yacht Group has announced the appointment of Ale Navarro as Sales Broker and Partner. 

Ale Navarro joins FGI Yacht Group as Sales Broker and Partner

Dalian Wanda Group, a leading Chinese conglomerate and the nation's largest shopping mall operator, has allegedly agreed to sell <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker International</a> to Lionheart Capital, according to unnamed sources.<img src="https://photo-assets.superyachttimes.com/photo/302702/image/large-858045b13f3d301dc91e38c975c0fb75.jpg" data-gid="gid://syiq/Photo/302702">The Dalian Wanda Group acquired the UK-based yacht company in 2013, with a total investment value of £320 million and a 91.81% majority stake in the company. According to online news company Bloomberg, a purchase agreement has been signed and is awaiting approval from the British regulatory authorities.Read:&nbsp;<a data-gid="gid://syiq/Article/41092" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wanda announces completion of Sunseeker acquisition (2013-08-27 00:00:00 +0200)">Wanda announces completion of Sunseeker acquisition</a><img src="https://photo-assets.superyachttimes.com/photo/308047/image/large-8327d3e80c4316d7b9db9f4cfea909c8.png" data-gid="gid://syiq/Photo/308047">Miami-based investment firm Lionheart Capital is led by Chief Executive Officer Ophir Sternberg, with the company backing businesses from various different business sectors. In 2021, the company participated in a consortium that acquired powerboat manufacturer Cigarette Racing Team.Read:&nbsp;<a data-gid="gid://syiq/Article/53034" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luxury powerboat company Cigarette Racing under new ownership (2021-05-27 10:15:00 +0200)">Luxury powerboat company Cigarette Racing under new ownership</a>According to Bloomberg, the Wanda Group faced challenges as borrowing costs increased and Beijing implemented stricter regulations on the property sector.&nbsp;SuperYacht Times reached out to <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>, however, they had nothing further to add to the discussion at this time.

Sunseeker International plans to be sold to Lionheart Capital

Wanda Group has allegedly agreed to sell Sunseeker International to Lionheart Capital, according to unnamed sources.

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Sunseeker International allegedly to be sold to Lionheart Capital 

Paolo Pininfarina, Chairman of the <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina Group</a> has passed away aged 65 in Turin, Italy, surrounded by his loved ones. <img src="https://photo-assets.superyachttimes.com/photo/210197/image/large-3c9b5d8b35377c2421139f493234c16e.jpg" data-gid="gid://syiq/Photo/210197">Paolo Pininfarina had led the company as Chairman since 2008, following the death of his brother Andrea. Guided by the principles laid down by his grandfather, Battista "Pinin" Farina, Paolo embarked on a journey to redefine automotive aesthetics and functionality.Under Paolo's stewardship, the <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina Group</a> shaped the contours of automotive icons for prestigious brands like Ferrari, Maserati, and Alfa Romeo. His leadership guided the company through a diversification process in the 1980s, expanding its influence beyond automotive design to become a benchmark in various design fields.Read:&nbsp;<a data-gid="gid://syiq/Article/53979" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="At the studio with the perfect proportions of Pininfarina (2021-10-29 15:45:00 +0200)">At the studio with the perfect proportions of Pininfarina</a><img src="https://photo-assets.superyachttimes.com/photo/45430/image/large-570ccdbf09398bd8531b8ea44bd323e5.jpg" data-gid="gid://syiq/Photo/45430">The studio is known for projects such as the <a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Beneteau</a> 45F5, which introduced a new aesthetic to sailboat design in 1990; <a data-gid="gid://syiq/Yacht/7764" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Destriero67.7m (222'1&quot;)Fincantieri Yachts1991">Destriero</a>, the record-breaking motor yacht launched by <a data-gid="gid://syiq/Company/295" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fincantieri Yachts (Company)">Fincantieri</a> in 1991; the Primatist G46 Aerotop sports cruiser for Bruno Abbate; and the super-fast but minimalist Magnum 80 in 2008.From here the firm has partnered with studios and shipyards such as <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>, <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a>, and <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni</a>. In 2017, <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina</a> joins forces with <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> with the R35, before expanding to other larger models. &nbsp;&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/48734" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Preview: Princess and Pininfarina team up on new X95 design (2018-07-10 13:00:00 +0200)">Princess and Pininfarina team up on new X95 design</a><img src="https://photo-assets.superyachttimes.com/photo/307973/image/large-874e20f35b25a18d3407f60bf391e7fd.jpg" data-gid="gid://syiq/Photo/307973">“Today, we mourn the loss of a visionary leader, but we also celebrate the enduring impact of Paolo Pininfarina's life and work,” added <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina</a>. “His spirit will continue to inspire us as we carry forward his legacy of innovation and excellence.”

Paolo Pininfarina Chairman of the Pininfarina Group passes away

Paolo Pininfarina, Chairman of the Pininfarina Group has passed away aged 65 in Turin, Italy, surrounded by his loved ones. 

Paolo Pininfarina: Chairman of the Pininfarina Group passes away aged 65

<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has officially announced the resignation of Ferruccio Rossi, the company's General Manager and President of Superyachts. Effective April 8, Rossi has relinquished the powers previously granted to him by the board of directors on April 28 and June 22, 2022. Additionally, his tenure as an executive officer of the company will consensually conclude on April 30.<img src="https://photo-assets.superyachttimes.com/photo/303635/image/large-17db85de10541d2a319f0fac04440ee3.jpg" data-gid="gid://syiq/Photo/303635">Rossi will retain his role as a director without the delegated authority at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> until the end of October, receiving the same compensation accorded to non-executive directors. Furthermore, he will progressively resign from his positions within the other companies in the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo group</a>.Ferruccio Rossi commented: "These almost 10 years at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> have been an extraordinary and satisfying period, both at corporate and personal level. I would like to thank Massimo Perotti who has given me the opportunity to live by his side such an extraordinary moment in the history of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, a wonderful company that will continue to reap new successes as it well deserved over the years. The People of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> have given me so much over these years and my gratitude embraces all of them, People whose every-day passion makes the difference. A special thanks to my wife Glenda, always by my side in the challenges of life."<img src="https://photo-assets.superyachttimes.com/photo/250520/image/large-0a3fbeca280e8c3933c53ff570e0aa4f.jpg" data-gid="gid://syiq/Photo/250520">The parties have agreed to activate the non-competition agreement established at the time of hiring, which will remain in effect until April 30, 2025. Additionally, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and Ferruccio Rossi are exploring the possibility of entering into a collaboration agreement, which would enable them to work together on the development of specific projects. The Company specified that Ferruccio Rossi holds 259,618 <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> sharesMassimo Perotti, CEO and Chairman of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, commented, “Over the last 10 years, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has experienced substantial growth, which has strengthened its positioning in the luxury yachting sector, also internationally. I would like to thank Ferruccio Rossi, who contributed to this growth by holding strategic positions within <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Group. I am sure that the new and different relationship that is under negotiation with Ferruccio Rossi will be just as successful. I confirm that <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>'s organisation adequately absorbs the functions that were carried out by Ferruccio Rossi”.

Sanlorenzo and Ferruccio Rossi part ways

Sanlorenzo has officially announced the resignation of Ferruccio Rossi, the company's General Manager and President of Superyachts.

Ferruccio Rossi steps down from Sanlorenzo

For our latest edition of Entrepreneur in Yachting for&nbsp;<a href="https://www.superyachttimes.com/yacht-news/issue-48-superyacht-times-newspaper" rel="noopener noreferrer" target="_blank" title="">Issue 48</a> of the SuperYacht Times newspaper, Francesca Webster sat down with Josh Richardson, Founder and CEO of&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tenders &amp; Toys</a>.<img src="https://photo-assets.superyachttimes.com/photo/303861/image/large-4aed28d1595ca94dd8dbe8c2f1ee84d4.jpeg" data-gid="gid://syiq/Photo/303861">Can you share the inspiration and vision behind the founding of <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a> (SYTT)?&nbsp;Essentially it was due to a need for a go-to company offering management consultancy and procurement for tenders and toys on a new-build project I was working on as a yacht manager. As I could not find anyone who offered what I needed, I thought it was something the world needed! Turns out it did – phew! The tenders and toys had always been a specific area of interest for me as a previous captain and a yacht manager, and I believed I had a very specific skill set which others could use on their projects! Prior to <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">SYTT</a> I was Chief Instructor of a yacht training school, so had a huge amount of experience in all manner of craft. I also had a job driving boats in films, followed by captaining various sailboats between the UK and NZ, followed by a few years working for <a data-gid="gid://syiq/Company/2220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hill Robinson (Company)">Hill Robinson Yacht Management</a>. <img src="https://photo-assets.superyachttimes.com/photo/303864/image/large-056c07999a8a74c083bc6d9ac61fd644.jpeg" data-gid="gid://syiq/Photo/303864">Could you elaborate on some key milestones and challenges that have shaped the company's journey so far?&nbsp;Initially it was just my wife and I working from home but very quickly we grew with seemingly large steps such as getting offices, warehousing and growing our staff. In recent years with Brexit, covid and the Ukraine war this has certainly caused some additional challenges. Some of these are positive, such as us setting up a Monaco company and extending our warehousing to Nice to cater for EU clients.We were ahead of the market (first to market) in the offering we were doing as a business when we set up and that certainly helped us grow as a business. Typical tenders onboard yachts were a <a data-gid="gid://syiq/Company/2473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Novurania (Company)">Novurania</a> or a <a data-gid="gid://syiq/Company/5361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zodiac Maritime Ltd. (Company)">Zodiac</a> and toys were usually a Jet Ski and towable. As we know this has greatly changed, with tenders and toys being critical to the enjoyment and marketing of a yacht, with a typical 50 metre spending approximately €100k on a new-build toys setup and yachts having multiple, often custom yacht tenders, limousines and chase boats. In the very early days, many tender manufacturers were unknown and poorly marketed, and our experience made a huge difference in helping guide clients into the best craft for their needs.<img src="https://photo-assets.superyachttimes.com/photo/303865/image/large-c67e542ebaca2327d33f9f53256808f2.jpeg" data-gid="gid://syiq/Photo/303865">In terms of milestones one significant one was where we won a Queen's Award and met the Royals at Buckingham Palace in 2017. We also won numerous other awards such as the British Marine Federation (BMF) Best Marine Business to work for, BMF Business of the Year and Sunday Times Fasttrack awards showing company growth. Other milestones are some large new-build orders which we got a lot of PR and marketing from. We have been lucky to work with some innovative owners and an example which instantly springs to mind is the original Ulysses U107 (now <a data-gid="gid://syiq/Yacht/4946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andromeda107.4m (352'4&quot;)Kleven Maritime AS2016">Andromeda</a>) and U116 (now <a data-gid="gid://syiq/Yacht/5796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Multiverse116.0m (380'7&quot;)Kleven Maritime AS2018">Multiverse</a>) made by <a data-gid="gid://syiq/Company/2996" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kleven Maritime AS (Company)">Kleven</a>. On these we completed the full tenders and toy outfitting, showcasing what it is we do. We are now involved in a lot of large new-builds in a similar capacity. In truth, the larger the project the more value we add and are often considered an extension to a new-build team.<img src="https://photo-assets.superyachttimes.com/photo/203481/image/large-f2ec189e8856bb169bf1f545e7f7c8b7.jpg" data-gid="gid://syiq/Photo/203481">How has the company evolved to meet the changing demands of the industry?&nbsp;There have been several changes over the years to <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">SYTT</a> and we are now a Group of companies. This includes:&nbsp;• <a data-gid="gid://syiq/Company/6281" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shipyard Supply co (Company)">Shipyard Supply Co</a>, setup in 2018, specifically aimed at manufacturing and selling our own deck equipment out of our Suffolk, UK HQ. This includes transom fenders, carbon pillar fenders, tender whips and more.• Incorporating <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">SYTT</a> MC in 2019, our Monaco business, required due to Brexit but also setup to increase our presence to operational yachts and toy rental in the Med.• Launching <a data-gid="gid://syiq/Company/6504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ROAM (Company)">ROAM</a> boats in 2021, our own brand of aluminium adventure yacht tenders.• Bringing to market our own Superyacht Inflatables, manufactured in the EU and made from a recyclable TPU instead of PVC.&nbsp;A constant theme with our businesses has been the development to offer what the market is after and adjust what we offer to suit, constantly being in evolution. The requests we got back in 2011 are very different to what we now receive. An example of this is that we used to get asked to populate a tender garage and had a very loose brief. Nowadays people are more educated and know specifically what they want. One significant change for us as a business is that now, in 2023, an increasing number of clients are after a manufacturer direct relationship. This is partly due to price, to ensure the best value, service and communication. <img src="https://photo-assets.superyachttimes.com/photo/221830/image/large-dcfd9578fc59eae1b469069b3c099f14.jpeg" data-gid="gid://syiq/Photo/221830">As the CEO, what strategies have you employed to foster a culture of innovation within the company?Innovation has been easy! Clients simply ask us to develop new things, whether that be products or services. In terms of personnel we are a very relaxed office and everyone mucks in at all levels. Office doors are always open and both Claire and I have always shared all information throughout the company. This is done face to face but we also share info internally on newsletters, days out and corporate events. Everyone is as important as each other, that is why we have things such as company wide bonuses, which are the same value if junior admin to senior management.<img src="https://photo-assets.superyachttimes.com/photo/303862/image/large-e593931158c77696b4e0c14e5b233bca.png" data-gid="gid://syiq/Photo/303862">Are there any strategic partnerships or collaborations that have played a significant role in the growth and success of&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a>?&nbsp;There are a number of ones here, and thinking about this they mostly rotate around who we like, are friends with and trust. Exceptional relationships on the tenders side have been <a data-gid="gid://syiq/Company/5749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ribeye Tenders (Company)">Ribeye</a>, <a data-gid="gid://syiq/Company/4767" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Compass Tenders Ltd (Company)">Compass</a> and <a data-gid="gid://syiq/Company/4611" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Argo Navis (Company)">Argo Navis</a>. On the toys side it is hard to look past JOBE, Watersports World and Flite.&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a>&nbsp;has expanded its scope beyond traditional yacht toys. Can you share insights into the diversification of the company's offerings and how this has contributed to its overall success?&nbsp;There are actually a few ways to answer this. We made our name back in 2011 being a one stop shop. Whether this be fenders, toys, tenders, ropes, gym equipment, procurement and much more. I remember us shipping bottled water around the world for one yacht! We have however had a mini reset in recent years and we now do not market ourselves like this. We no longer do procurement of anything other than tenders and toys. We are very good at what we do, often being seen as a management consultancy and having unique industry experience and do not want to compete with procurement companies selling toilet rolls, crockery, cushions and filters. This change was mainly due to a combination of seeing which products do well for us as a business. Procurement was the worst and one which no staff enjoyed. Since making this change, which felt quite brave at the time, profits have more than doubled in three years and clients are respecting us as the authority on all things tenders and toys.<img src="https://photo-assets.superyachttimes.com/photo/303867/image/large-189d771c72cd6c82c98a9ecb6a4cbdef.png" data-gid="gid://syiq/Photo/303867">What exciting developments and innovations can we expect from&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a>&nbsp;in the near future?&nbsp;We have some great new <a data-gid="gid://syiq/Company/6504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ROAM (Company)">ROAM</a> tenders soon to hit the water in 2024. These include a 11 metre owners landing craft, a 9.3 metre and 7.5 metre beachlander, some inflatable landing crafts and an electric RIB. Other than that we are involved in almost all large yacht builds delivered from <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>, <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> and others. On the fun front we are working on plans to cycle across the channel on a hydrofoiling bike and skydive from a helicopter in Monaco!Finally, what advice would you give to prospective entrepreneurs in this sector?I would tell them it is terrible, you will never earn money and to look for a different sector! Go and sell crew uniforms or something! Regardless of which sector however, if you work harder, longer and are determined at something you enjoy, then you have all the foundation blocks to be successful.&nbsp;This article is featured in&nbsp;<a href="https://www.superyachttimes.com/yacht-news/issue-48-superyacht-times-newspaper" target="_blank">Issue 48</a>&nbsp;of the SuperYacht Times newspaper.&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">Subscribe now</a>&nbsp;to receive your copy straight to your door and never miss another issue.&nbsp;

Josh Richardson of Superyacht Tenders & Toys 

For our latest Entrepreneur in Yachting, we sat down with Josh Richardson of Superyacht Tenders and Toys.

"I couldn't find anyone who offered what I needed, so I created it!" CEO Josh Richardson of SYTT

The 25.6-metre <a data-gid="gid://syiq/Company/1956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trumpy Yachts (Company)">Trumpy Yachts</a> motor yacht <a data-gid="gid://syiq/Yacht/4461" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wishing Star25.6m (83'12&quot;)Trumpy Yachts1963">Wishing Star</a> sold in an in-house deal with Jonathan Chapman of <a data-gid="gid://syiq/Company/2529" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Worth Avenue Yachts (Company)">Worth Avenue Yachts</a> representing both the buyer and seller.<img src="https://photo-assets.superyachttimes.com/photo/310617/image/large-433537f45db33ce46d8b0a05e09a0b63.png" data-gid="gid://syiq/Photo/310617">Delivered in 1963, <a data-gid="gid://syiq/Yacht/4461" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wishing Star25.6m (83'12&quot;)Trumpy Yachts1963">Wishing Star</a> showcases both interior and exterior design penned by her US-based builder, <a data-gid="gid://syiq/Company/1956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trumpy Yachts (Company)">Trumpy Yachts</a>, with accommodation for up to six guests across three spacious staterooms.<img src="https://photo-assets.superyachttimes.com/photo/237770/image/large-49d71ee51707f86b95e4fc7be37460d5.jpeg" data-gid="gid://syiq/Photo/237770"><img src="https://photo-assets.superyachttimes.com/photo/237767/image/large-0dfb62cefd02feda3304b3c6e7c306e1.jpeg" data-gid="gid://syiq/Photo/237767"><img src="https://photo-assets.superyachttimes.com/photo/237766/image/large-9f23da6bca3ac5c4378feda2db2ef85e.jpeg" data-gid="gid://syiq/Photo/237766"><a data-gid="gid://syiq/Yacht/4461" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wishing Star25.6m (83'12&quot;)Trumpy Yachts1963">Wishing Star</a>’s accommodation consists of a master stateroom and two twin staterooms, decorated with a muted colour palette and minimalistic wall art hangings, which enhance her inviting ambiance.<img src="https://photo-assets.superyachttimes.com/photo/237771/image/large-1ec3b60aa8bedefa189b795e82688617.jpeg" data-gid="gid://syiq/Photo/237771"><img src="https://photo-assets.superyachttimes.com/photo/237763/image/large-c51f46e83f48bbd428c3f7f7c37f2808.jpeg" data-gid="gid://syiq/Photo/237763"><a data-gid="gid://syiq/Yacht/4461" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wishing Star25.6m (83'12&quot;)Trumpy Yachts1963">Wishing Star</a> displays a classically designed exterior, with sunpads situated on her bow, allowing guests to enjoy their sea-views.<img src="https://photo-assets.superyachttimes.com/photo/177441/image/large-0290ed416ab97e9a0665498cbb86c75b.jpg" data-gid="gid://syiq/Photo/177441">In terms of performance, <a data-gid="gid://syiq/Yacht/4461" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wishing Star25.6m (83'12&quot;)Trumpy Yachts1963">Wishing Star</a> is powered by two <a data-gid="gid://syiq/Company/1474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="General Motors (Company)">General Motors</a> engines, providing her with a cruising speed of 13 knots and a top speed of 16 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/4461" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wishing Star25.6m (83'12&quot;)Trumpy Yachts1963">Wishing Star</a> had a last known asking price of $795,000.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/177442/image/large-1d6402814545965bb5db46884c6c8971.jpg" data-gid="gid://syiq/Photo/177442">

26m Trumpy yacht Wishing Star sold

The 25.6-metre Trumpy Yachts motor yacht Wishing Star sold in-house, with a last known asking price of $795,000. 

26m Trumpy motor yacht Wishing Star sold in-house

<a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA Yachts</a> has announced that the 66-metre <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> Sportiva yacht has entered outfitting. Currently under construction at the shipyard in Ancona, Italy, she has an expected delivery date of 2026.<img src="https://photo-assets.superyachttimes.com/photo/310598/image/large-cb4461fe6ef4314d03b8bb955efa2a7d.jpg" data-gid="gid://syiq/Photo/310598">The <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> Sportiva 66 yacht began construction in 2022, with the development of her naval engineering stemming from the 2014-delivered <a data-gid="gid://syiq/Yacht/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Okto66.4m (217'10&quot;)ISA Yachts2014">Okto</a> superyacht. The new <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> Sportiva 66 model embodies all the experience gained from <a data-gid="gid://syiq/Yacht/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Okto66.4m (217'10&quot;)ISA Yachts2014">Okto</a>, with an elevated level of knowledge.&nbsp;The <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> Sportiva 66 superyacht features a sleek and sporty silhouette, with arches connecting her three decks. A circular entrance hall can be found on the main and upper decks, while her set back superstructure and reverse bow contribute to her recognisable profile.&nbsp;With exterior design by <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a> and naval architecture by <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyachts</a>, the steel and aluminium yacht sports a large swimming pool on her aft deck, with the addition of a second custom pool and gym on the sun deck.Read:&nbsp; <a data-gid="gid://syiq/Article/55834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="New 66m ISA Sportiva superyacht sold with 2025 delivery date (2022-09-01 10:30:00 +0200)">New 66m ISA Sportiva superyacht sold with 2026 delivery date</a><img src="https://photo-assets.superyachttimes.com/photo/310599/image/large-458097d1e6fff399ebf997e303464fa7.jpg" data-gid="gid://syiq/Photo/310599">In terms of accommodation, the <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> Sportiva 66 yacht can comfortably sleep up to 12 guests, with her owner’s suite boasting a fixed balcony and fold-down platform on the main deck. Also on this deck is a VIP suite, while a further four guest staterooms can be found on the lower deck.As well as this, the <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> Sportiva 66 yacht can accommodate a crew of 15 across eight cabins on the lower deck forward, in addition to the captain's cabin on the upper deck.Performance-wise, the new <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> Sportiva 66 yacht is equipped with twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 16V 4000 M65L engines, allowing her to reach a maximum speed of 18 knots and a comfortable cruising speed of 16 knots.<img src="https://photo-assets.superyachttimes.com/photo/239546/image/large-de50763566337773a3d121478f595bf8.jpg" data-gid="gid://syiq/Photo/239546">

New ISA Sportiva 66 superyacht enters outfitting

SA Yachts has announced that the 66-metre ISA Sportiva yacht has entered outfitting. 

66m ISA Sportiva 66 superyacht enters outfitting

The Red Sea, a vital maritime corridor linking the Mediterranean Sea and the Indian Ocean via the Suez Canal, has long been recognised for its strategic economic importance. Since October 2023, the security dynamics have dramatically shifted. The region's shipping lanes are increasingly compromised by activities linked to Iran and its affiliated non-state actors, such as proxy militias, reflecting a broader escalation in regional tensions.By mid-March of this year, 34 vessels had reported damage from drone missile attacks. On 13 April 2024, a significant development occurred as international media reported that Iranian forces seized the container ship Aries in the Strait of Hormuz. This event was the second major seizure by Iranian forces this year, following the earlier capture of the tanker St. Nikolas by Iran's Navy in January 2024.<img src="https://photo-assets.superyachttimes.com/photo/310595/image/large-9c930d64e7d8b10c0abe4219adade171.jpeg" data-gid="gid://syiq/Photo/310595">The geopolitical turbulence has prompted some vessels to navigate the longer and more perilous route around the Cape of Good Hope in South Africa. This detour, while avoiding the volatile Red Sea, has significantly extended the lead times for vessels and affected global shipping schedules and costs.This article explores the profound impacts of the increased regional instability on the superyacht sector, examining its effects on cruising in the Red and Arabian Seas, as well as on the supply chain for yacht production and new-build projects.How have the attacks in the Red and Arabian seas impacted superyacht cruising and transportation?:Superyachts often navigate through the Red and Arabian Seas for three main reasons. First, the area is crucial for refit and maintenance due to high demand. Second, the growing number of marinas can accommodate an increasing fleet of superyachts, coupled by efforts to promote the Gulf region as a prime destination for superyacht cruising and luxury tourism. Third, it serves as a strategic transit point to the Indian Ocean, offering access to popular destinations in the Asia-Pacific region.<img src="https://photo-assets.superyachttimes.com/photo/291466/image/large-ee3cbb034446ab3174540d0191674f33.jpeg" data-gid="gid://syiq/Photo/291466">Using <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SYT iQ</a>’s satellite tracking data, we analysed the number of 30-metre-plus superyachts entering the Red Sea from October 2022 to April 2023 and compared it with the same period from October 2023 to April 2024. We observed a significant reduction of 41.59% in the total number of superyachts, with 66 yachts recorded in the latter period compared to 113 in the previous year. The graphs below illustrate this change.<img src="https://photo-assets.superyachttimes.com/photo/310586/image/large-966dabe5692b8213cd5a605b2e6cc232.jpeg" data-gid="gid://syiq/Photo/310586"><img src="https://photo-assets.superyachttimes.com/photo/310587/image/large-354c93c4f1ffd204fb27fada0841caa4.jpeg" data-gid="gid://syiq/Photo/310587">Although no superyachts have been damaged at the time of writing, these figures clearly indicate that yacht owners are avoiding the region. In a conversation, Ian Harris, CEO and founder of <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yacht Management</a>, and Yousuf Al Hashimi, Managing Director and Partner at the same firm, acknowledged the decline in the number of superyachts passing through the Suez Canal. They believe, however, that the international media has exaggerated the severity of the situation, noting that even though no actual damage has occurred to superyachts, insurance prices have still increased. This has further discouraged cruising through the Red and Arabian Seas. <img src="https://photo-assets.superyachttimes.com/photo/310584/image/large-f6ba7135aaeec653cf5ce220eed4dd4c.jpg" data-gid="gid://syiq/Photo/310584">Bahi Naguib, Managing Partner at <a data-gid="gid://syiq/Company/7369" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Felix Maritime Agency (Company)">Felix Maritime Agency</a>, echoes <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yacht Management</a>'s assertion that media reports have overstated the severity of the situation for superyacht cruising in the region. He points out, “So far, most of the attacks have targeted commercial vessels.” Additionally, Naguib notes a new trend where yachts ranging from seven to 28-metres are increasingly navigating in convoys for enhanced security. Naguib further explained that he had four clients including the 54.86-metre <a data-gid="gid://syiq/Company/106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trinity Yachts, LLC (Company)">Trinity</a> superyacht <a data-gid="gid://syiq/Yacht/963" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Purpose54.86m (179'12&quot;)Trinity Yachts, LLC2005">Purpose</a> that initially planned to cruise in Dubai but due to the situation stayed in Egypt.<img src="https://photo-assets.superyachttimes.com/photo/300281/image/large-b7ed5e2e8a066afb5da0fcc8d37828f9.jpg" data-gid="gid://syiq/Photo/300281"> Consequently, many superyachts have opted for the route via South Africa’s Cape of Good Hope to reach Europe, minimising risk due to regional conflicts. Jan Maarten Boissevain from <a data-gid="gid://syiq/Company/311" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sevenstar Yacht Transport B.V. (Company)">Sevenstar Yacht Transport</a>, a company specialising in the global transportation of luxury yachts to the Gulf area, explained that there has been an increase in yachts being transported rather than navigating independently due to the conflict in the Gulf of Aden. He further notes that the traditional route through the Suez Canal and Gulf of Aden has been rerouted via South Africa, significantly lengthening transit times and elevating costs. Both Harris and Al Hashimi confirm this, stating that the detour around the Cape of Good Hope adds two to three weeks to travel times and increases costs by 30 to 35 percent.<img src="https://photo-assets.superyachttimes.com/photo/310582/image/large-1bdbfb9e69c0ef590e1675b6411670a4.jpg" data-gid="gid://syiq/Photo/310582">Elaborating further on the change in transport routes and its implications, Boissevain states: “Insurance premiums and coverage are unstable when sailing in the war-risk area of the Gulf of Aden. Premiums can skyrocket and be cancelled with just a week's notice. This isn't a reliable foundation for transporting expensive yachts, so we now exclusively offer transport to and from the Gulf via the Cape of Good Hope.” Supporting this perspective, Jonathan Hind of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> affirms Boissevain’s point that an alternative route around Africa is now more practical for yachts. He states, “For some yachts, it is feasible, and we have seen several make the trip”.Despite the growing preference for rerouting via the Cape of Good Hope, both Harris and Al Hashimi noted that some owners are reluctant to accept the delays and increased travel time associated with navigating around the Cape. These owners still aim to have their yachts in the Mediterranean in time for the summer season. Moreover, they are willing to pay increased war-risk premiums and offer additional incentives to captains and crews. “As long as conditions remain stable and reasonable, we are committed to supporting the vessels and their crews, ensuring their safety throughout the journey”, affirmed Harris.When responding to the concern of piracy posing a serious threat to vessels cruising around South Africa, both <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yacht Management</a> and <a data-gid="gid://syiq/Company/311" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sevenstar Yacht Transport B.V. (Company)">Sevenstar Yacht Transport</a> emphasised that the most significant piracy threat remains off the coast of Somalia, which still remains avoided through the route via the Cape of Good Hope. Additionally, they assured that standard safety measures are implemented for all their routings across worldwide regions.Impact on the supply chain for superyacht production:&nbsp;The Suez Canal serves as the shortest link between Asia and Europe. According to the International Monetary Fund (IMF), approximately 15 percent of global maritime trade volume typically passes through it. This route is crucial for the global supply chain involved in superyacht production, facilitating the transport of essential supplies for yacht building between the East and Europe. For instance, the majority of steel, an essential component in superyacht construction, is sourced from the East. Australia, a major producer of iron ore, sends this commodity to China for processing. The processed steel is then shipped to Europe via the Suez Canal. Moreover, significant components such as engines, generators, and electronics are transported from Europe to the East.The IMF further notes that attacks on vessels in the Red Sea area have reduced traffic through the Suez Canal, extending delivery times by an average of 10 days or more. Additionally, this delay has posed challenges for companies that maintain limited inventories.<img src="https://photo-assets.superyachttimes.com/photo/310597/image/large-b113a9e74f35d8c1df98f013ad5b56d6.jpg" data-gid="gid://syiq/Photo/310597">When evaluating how regional instability has influenced the prices of crucial raw materials for superyacht construction, Nicola Sanesi, an analyst from CRU Group, observed that steel prices, a key component, were briefly disrupted but soon stabilised to just slightly above pre-crisis levels.Exploring whether and how yacht builders have been influenced by this disruption, Costas Eliopoulos, <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> Group’s Production General Manager, explained that as a composite manufacturer, the company has not been significantly impacted. He states, "We primarily don't use steel or aluminium, although we do incorporate some components made from these materials. However, compared to manufacturers who predominantly use metal or aluminium, our usage is much lower. Thus, we are less affected by supply chain disruptions than those who depend more heavily on these metals." <img src="https://photo-assets.superyachttimes.com/photo/310581/image/large-39c738d705821df49771eef97e28219a.jpg" data-gid="gid://syiq/Photo/310581">In a conversation, Daniele Bellotto, the Chief Financial Officer at <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>, a superyacht builder that primarily uses steel and aluminium highlighted that over the past year, new sourcing channels had been established. For instance, their subcontractors now procure steel and aluminium from Turkey and Greece, and transport these materials inland from these countries. This strategy effectively mitigates risks to the supply chain and reduces supply constraints. Bellotto also mentioned that whilst &nbsp;some shipments require circumnavigation around South Africa, these changes have not yet impacted <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>'s operations.While it appears that the regional instability has not significantly influenced superyacht production as initially feared, Eliopoulos identified a key logistical challenge: procuring paint, which unlike engines that do not have a shelf life and are imported from Europe through dealer networks, has limited shelf life and has been problematic. In response, <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> has adapted its strategy; instead of importing paint from Europe, they now source identical products directly from their networks in Asia via airfreight.Future outlook:&nbsp;The future of superyacht cruising and its associated supply chain is closely tied to regional stability, which currently shows no signs of improvement. Both Ian Harris and Yousuf Al Hashimi have highlighted a significant challenge: as summer approaches, rising seawater temperatures—which can drastically affect yacht engineering—compel many larger superyachts to consider leaving the area. Whether these superyachts will risk passing through the Suez Canal or opt for the safer, longer route around the Cape of Good Hope remains to be seen.<img src="https://photo-assets.superyachttimes.com/photo/310585/image/large-18098ed9bf8584fc44f99504d4f38365.jpg" data-gid="gid://syiq/Photo/310585">&nbsp;Al Hashimi presented an intriguing outlook: some superyachts might choose to stay within the region rather than heading to the Mediterranean. He anticipates a potential boom in superyachting activities in tranquil destinations such as the Seychelles, the Maldives, and Mauritius. According to him, geopolitical tensions could deter owners from the Mediterranean, making these peaceful locations more appealing for the foreseeable future.<img src="https://photo-assets.superyachttimes.com/photo/310583/image/large-7143cc7dd5e56a5df644f226b40c8caf.jpeg" data-gid="gid://syiq/Photo/310583">As for Naguib, he views the impact as temporary, comparing it to previous disruptions. “Much like the piracy incidents and the Covid pandemic, these challenges are significant yet transient. I believe things will eventually return to equilibrium and find their balance,” he explains.<img src="https://photo-assets.superyachttimes.com/photo/295946/image/large-5fbd2c3349d9f4d1ab09904a50efd24d.jpg" data-gid="gid://syiq/Photo/295946">From a supply chain perspective, Bellotto notes that while there has not been a major impact on superyacht production in Europe and <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> has been minimally affected, real challenges may emerge in the coming months. He believes the current supply situation remains stable, stating, “We need to see how governments continue to address this situation. At this moment, we are not facing significant problems from the supply chain side, but potential difficulties could arise in the near future.” It is crucial to monitor whether the situation worsens and if this could further negatively affect the supply chain in Europe.

How have the Red Sea attacks impacted the superyacht sector?

This article explores the impacts of the increased regional instability on the superyacht sector.

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<a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a> has revealed further details about the 49.4-metre flagship <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> B165 superyacht. <img src="https://photo-assets.superyachttimes.com/photo/304593/image/large-7b6cecb0a68aa47bda8e08e99dbf4108.jpg" data-gid="gid://syiq/Photo/304593">First introduced during the <a data-gid="gid://syiq/Event/218" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai International Boat Show 2024">Dubai International Boat Show 2024</a>, the <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> B165 yacht has been designed as a Mediterranean and Caribbean explorer, with a ‘warm-weather approach to life.’Read:&nbsp;<a data-gid="gid://syiq/Article/59917" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts unveils new 49m flagship B165 superyacht (2024-03-11 16:00:00 +0100)">Bering Yachts unveils new 49m flagship B165 superyacht</a>The <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> B165 yacht features all the ruggedness, stability, range of an explorer yacht, with the comfort and relaxation of a luxury superyacht. She displays a bold exterior design by <a data-gid="gid://syiq/Company/6510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Valentin Design (Company)">Valentin Design</a>, which have created a distinctive profile.&nbsp; <iframe width="640" height="360" src="https://www.youtube.com/embed/ml-IZl5j88k?&amp;t=16s&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> The <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> B165 motor yacht showcases an open-plan main saloon, which flows seamlessly into the dining area. Here, guests have the opportunity to dine in luxury around a large dining table for 12, for a family-like experience.<img src="https://photo-assets.superyachttimes.com/photo/304591/image/large-80ce21fa22ef3d808b2767b9121bcc96.jpg" data-gid="gid://syiq/Photo/304591">The flagship <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> B165 yacht features an impressive nine-metre beam, with the designers taking a special interest in the comfort and wellbeing of guests. She can accommodate up to 12 guests across a six stateroom configuration, with her master suite situated on the owner’s deck.With almost 70 square-metres of interior space, the deck includes a roomy 32 square-metre stateroom and a 34 square-metre skylounge, which comes equipped with a bar, table and plenty of seating.<img src="https://photo-assets.superyachttimes.com/photo/304588/image/large-7450ec31cc1891b845d29d6388df58c8.jpg" data-gid="gid://syiq/Photo/304588">Her remaining guest staterooms can be found on the lower deck, alongside four crew cabins for up to eight members. There is also an additional stateroom, which can be used to accommodate two additional personnel such as a nanny, guide or masseur.The main deck of the <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> B165 boasts an elongated aft deck, housing a large swimming pool, surrounded by sunbeds. This space can also be increased, thanks to the addition of unfolding bulwarks.<img src="https://photo-assets.superyachttimes.com/photo/304596/image/large-e54df8a0e2ad72f6d2588b55941d8c69.jpg" data-gid="gid://syiq/Photo/304596"><img src="https://photo-assets.superyachttimes.com/photo/304594/image/large-9ed4650d06de68265102b9a9583c9f7e.jpg" data-gid="gid://syiq/Photo/304594">When not in use, the covered pool can also service as a storage area for the toys and equipment of the B165 yacht. As well as this, two tenders can be placed on the aft deck, allowing for guests to explore further afield.A key feature of the <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> B165 yacht is her crow’s nest, situated atop the hard top, offering a secluded retreat with an unobstructed 360-degree view. This feature accentuates the inviting atmosphere and seamlessly blends practicality with refinement and sophistication.<img src="https://photo-assets.superyachttimes.com/photo/304595/image/large-adb237df084977d820c8b38cda12e7b5.jpg" data-gid="gid://syiq/Photo/304595"><img src="https://photo-assets.superyachttimes.com/photo/304597/image/large-465761e6c1139cc371aa764e1f2e5709.jpg" data-gid="gid://syiq/Photo/304597">In terms of performance, the Bering B165 will be equipped with twin 1,300 horsepower <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> C32 engines, propelling her to an estimated top speed of 15 knots and a cruising speed of 12 knots.According to SYT iQ, the <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> B165 will be the new flagship of the Turkey-based shipyard, followed by the current 44.2-metre flagship B145, which saw the delivery of the first hull, <a data-gid="gid://syiq/Yacht/9409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heeus44.2m (145'0&quot;)Bering Yachts2022">Heeus</a>, in 2022.<img src="https://photo-assets.superyachttimes.com/photo/304590/image/large-0d6471d1a6dca8183de174aafd215b80.jpg" data-gid="gid://syiq/Photo/304590">

50m flagship Bering B165 yacht new details revealed

Bering Yachts has revealed further details about the 49.4-metre flagship Bering B165 superyacht. 

Video: New details revealed about the flagship Bering B165 superyacht

Launched in 1938, the history of the remarkable 117.3-metre <a data-gid="gid://syiq/Company/2415" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ansaldo (Company)">Ansaldo</a> superyacht <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> unfolds as a captivating narrative of unforeseen twists and wartime transformations. Built by the Genoa-based shipyard <a data-gid="gid://syiq/Company/2415" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ansaldo (Company)">Ansaldo</a> for Italian state-owned company Regia Azienda Monopolio Banane (RAMB), the vessel features exterior design and naval architecture by <a data-gid="gid://syiq/Company/2415" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ansaldo (Company)">Ansaldo</a> and boasts a robust steel hull and lines typical of her period, with distinct features reminiscent of military functionality.Originally destined for service in the banana trade between Africa and Italy under the name Ramb III, <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a>'s journey took an unexpected turn with the outbreak of World War II. The grand vessel, instead of ferrying bananas, found herself under the command of the Italian army, reborn as an auxiliary cruiser with a newfound role in the theatre of war transporting meat for the Italian army in Libya.<img src="https://photo-assets.superyachttimes.com/photo/310593/image/large-b3793fd1459694b7f54975ca36a4475e.jpg" data-gid="gid://syiq/Photo/310593">Amidst the tumult of war, Ramb III faced a perilous encounter while in the Libyan port of Benghazi when she was struck by torpedoes from the British submarine, HMS Triumph. Unsunk, the yacht survived the attack and sailed 900 miles towards Sicily, Italy, before being hauled to San Marco shipyard in Trieste.As Italy capitulated to the Nazi’s in September 1943, her identity was once again changed. From here, the Germans completed her repairs and converted her into a minelayer named Kiebitz – the German word for the Lapwing bird, whose crest indicates a royal status and whose long, sharp beak is a symbol of his violent nature. During this time, Kiebitz is alleged to have laid over 5,000 mines in the northern Adriatic area.<img src="https://photo-assets.superyachttimes.com/photo/310594/image/large-bd8ec418bbda3d965516d051dfcc0c25.jpg" data-gid="gid://syiq/Photo/310594">On 25 November 1944, the vessel faced a formidable setback, hit in an Allied aircraft strike while anchored in Rijeka, Croatia, sinking the yacht. In 1948 the Brodospas supply ship company came to Kiebitz's aid and the vessel was hauled to the surface, using a pioneering technology based on air cylinders, and transported to the Pula-based shipbuilding company, <a data-gid="gid://syiq/Company/880" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Uljanik Shipyard (Company)">Uljanik</a>. There, against the odds, a meticulous reconstruction took place, breathing new life into the resilient vessel which was relaunched in 1952.&nbsp;She was first transformed into a naval training ship, where she found a new role within the ranks of the Yugoslav Navy, before she was used as a residential yacht and sailed under the name she retains to this day – <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> – which translates in several languages to seagull.&nbsp;Despite a pitfalled start to life, the yacht soon garnered distinguished status among the people of Yugoslavia, when Marshal Josip Broz Tito, often revered as the alleged 'Father' of the Yugoslav Republic, was seen conducting an inspection of the boats in the Yugoslav Navy from her deck in 1952. <img src="https://photo-assets.superyachttimes.com/photo/310588/image/large-3b03f5a2adfd180ea8680447e31bcec1.png" data-gid="gid://syiq/Photo/310588">Elevated to an iconic status, <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> became synonymous with Tito's leadership and the pride of the nation. She came to the attention of the world stage in March 1953 when Marshal Tito travelled onboard the vessel from Yugoslavia to the iconic River Thames in London, in response to an invitation from the British government and Prime Minister Winston Churchill.&nbsp;Tito, enamoured by the allure that <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> brought to both himself and his regime, often used the vessel for parties and foreign visits from world leaders. <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> played host to a plethora of visitors including Nikita Khrushchev, Muammar Gaddafi, and Indira Gandhi, all of which graced her decks during their visits. It is also rumoured that Tito welcomed esteemed film stars Sophia Loren, Elizabeth Taylor and Richard Burton onboard <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a>, following Richard’s portrayal of the Yugoslav president in the 1973 film ‘Battle of Sutjeska’. <img src="https://photo-assets.superyachttimes.com/photo/310589/image/large-cdc14d9e7df1df5c4afd4a6854229a2a.png" data-gid="gid://syiq/Photo/310589">For the next 27 years, <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> remained in Tito’s service, participating in official duties for a total of 549 days, 318 of which the Marshal was onboard. <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> remained an integral part of Tito's maritime legacy, up until the leader's passing in 1980, with his last journey onboard taking place in 1979. As the geopolitical landscape shifted with the breakup of Yugoslavia in 1991, <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a>'s destiny took a new course. She became the property of the Montenegrin government, where the spaces of “the Marshal’s Deck” were opened for visits to schools, and organisations. <img src="https://photo-assets.superyachttimes.com/photo/310590/image/large-b2713304170b780b1b0c9e5a6aaa1009.png" data-gid="gid://syiq/Photo/310590"><a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> was then relocated to Boka Kotorska in Montenegro and at the end of the 1990s she was sold to John Paul Papanicolaou, the same Greek yachtsman who owned the iconic 99.15-metre <a data-gid="gid://syiq/Company/297" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Canadian Vickers (Company)">Canadian Vickers</a> superyacht <a data-gid="gid://syiq/Yacht/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christina O99.15m (325'4&quot;)Canadian Vickers1943">Christina O</a>. He entrusted Rijeka’s shipyard <a data-gid="gid://syiq/Company/301" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Viktor Lenac Shipyard (Company)">Viktor Lenac</a> with the task of repair, however bankruptcy led to the repairs not being completed.In 2006, the <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> was proclaimed to be an object of Croatian cultural heritage Initially moored on the quayside of the <a data-gid="gid://syiq/Company/301" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Viktor Lenac Shipyard (Company)">Viktor Lenac Shipyard</a> in Kostrena, a suburb of Rijeka, the vessel later found a new resting place along the enchanting Rijeka waterfront. However, in September 2008 a leak emerged on the starboard side of <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a>'s hull, leading to a partial sinking.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/310592/image/large-c00f5141576317f056aac2395f436e9e.jpg" data-gid="gid://syiq/Photo/310592"><a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> remained here until 22 May 2009, when the city of Rijeka acquired <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> for $150,000, a transaction that received confirmation from the High Mercantile Court of Croatia. In a visionary move to breathe new life into the historic vessel, the Mayor of Rijeka made a significant announcement on 16 July 2014 that she would be leased out for mixed use to serve a dual purpose.A portion of <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> would be dedicated to a museum, carefully curated to showcase the former President's private rooms and selected engineering spaces. This initiative sought to preserve not only the maritime heritage represented by the vessel, but also to offer visitors a glimpse into the personal quarters of the esteemed Yugoslavian leader.<img src="https://photo-assets.superyachttimes.com/photo/310591/image/large-90227a3707e839b3d1619c21828a438b.jpg" data-gid="gid://syiq/Photo/310591">She would also be used as a vibrant hub for commercial activities, with the vision of transforming her decks into spaces for a hotel, restaurants, and bars. This innovative approach aimed not only to safeguard the vessel's historical significance but also to create a dynamic and engaging environment that echoed the footsteps of history while catering to contemporary needs.<img src="https://photo-assets.superyachttimes.com/photo/4494/image/large-7801108e46fb5449592d70a32d578bab.jpg" data-gid="gid://syiq/Photo/4494">The ambitious refit and rejuvenation of <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> was undertaken by <a data-gid="gid://syiq/Company/6179" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dalmont d.o.o. (Company)">Dalmont</a> in Kraljevica, Croatia, with an estimated cost of approximately €8 million. Although the refit encountered a brief pause in May 2023, the project has since resumed its course. Progress has been steady, with an anticipated completion date set for 2024. The meticulous work being undertaken by <a data-gid="gid://syiq/Company/6179" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dalmont d.o.o. (Company)">Dalmont</a> signifies a commitment to preserving <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a>'s storied legacy while ushering it into a new era of functionality and purpose.Upon the completion of the refit, <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a> is destined for a prominent position in the Rijeka port. The vessel will be transformed into a dual-purpose haven, serving as both a museum and a small hotel with a select number of rooms. Thanks to the project, 80 percent of the ship will be restored, conserved and made available to visitors, while the remaining 20 percent of the space will be reserved for “non-museum” features, such as the restaurant/café bar and hotel.<img src="https://photo-assets.superyachttimes.com/photo/4495/image/large-a31dd255f82d37dc467f78470aa7caea.jpg" data-gid="gid://syiq/Photo/4495">This thoughtful fusion of history and hospitality ensures that <a data-gid="gid://syiq/Yacht/3870" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeb-T117.3m (384'10&quot;)Ansaldo1939">Galeb</a>'s allure continues to captivate visitors, offering them a unique opportunity to immerse themselves in the maritime heritage of Croatia, while focusing on the events that played a significant part in her life.This article is featured in&nbsp;<a href="https://www.superyachttimes.com/yacht-news/issue-48-superyacht-times-newspaper" target="_blank">Issue 48</a>&nbsp;of the SuperYacht Times newspaper.&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">Subscribe now</a>&nbsp;to receive your copy straight to your door and never miss another issue.&nbsp;

117m Ansaldo superyacht Galeb's resilient odyssey

Sophie Spicknell takes a look at Galeb’s expansive history, from wartime woes to a rejuvenating refit. 



Yacht history: The resilient odyssey of the 117m yacht Galeb

The 24.71-metre <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> motor yacht <a data-gid="gid://syiq/Yacht/11467" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Living Life 324.71m (81'1&quot;)Ferretti Yachts2014">Living Life 3</a> is on the market with Wes Sanford 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>.<img src="https://photo-assets.superyachttimes.com/photo/310552/image/large-d7636050c24d2050d0b69ef00ea6877e.png" data-gid="gid://syiq/Photo/310552">Delivered in 2014 by <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a>, the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> features an exterior design and interior design both conceived by <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>, while her naval architecture is penned in-house by her Italy-based shipyard. <img src="https://photo-assets.superyachttimes.com/photo/310554/image/large-3948f6dd5e7c7e11e32166c28c4e5388.png" data-gid="gid://syiq/Photo/310554">Across her 113 GT volume, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a>’s four stateroom layout is capable of sleeping up to eight guests onboard. In addition, as many as four crew members can be accommodated across two crew cabins.<img src="https://photo-assets.superyachttimes.com/photo/310558/image/large-848aa2aa21122342ac734ccd9b9e0c88.png" data-gid="gid://syiq/Photo/310558">Inside the yacht’s opulent and air-conditioned guest accommodation, shiny pillows married with fluffy print blankets and intriguing modern artwork, as well as expansive geometric windows exude a sense of both timeless glamour and nautical bliss. Additionally, pristine, well-lit bathroom facilities are decked out in clean white marble and elegant light wood finishes.<img src="https://photo-assets.superyachttimes.com/photo/310556/image/large-754e4d4b982b8f6dabbc864e08160199.png" data-gid="gid://syiq/Photo/310556"><img src="https://photo-assets.superyachttimes.com/photo/310557/image/large-cfe6878af0f7c411997640f614decf85.png" data-gid="gid://syiq/Photo/310557">A similarly charming aesthetic is maintained throughout the design of the <a href="https://www.superyachttimes.com/yachts/ferretti-yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">Ferretti yacht for sale</a>’s welcoming saloon, where two soft cream-coloured sofas joined together with a the centrepiece of a dark wood coffee table are flanked by generous windows, which not only bathe the social haven in soothing natural light, but also provide far-reaching panoramic views. <img src="https://photo-assets.superyachttimes.com/photo/310553/image/large-a551bfdb8114238216e30ccafc614275.png" data-gid="gid://syiq/Photo/310553">A connection to the nearby scenery is further augmented by the yacht’s spacious exterior deck areas, containing several cosy outdoor seating arrangements, one of which boasts a state-of-the-art TV, perfect for alfresco dining while catching some rays.<img src="https://photo-assets.superyachttimes.com/photo/310561/image/large-9112c5b75d46a26c32d3fec62cf159a3.png" data-gid="gid://syiq/Photo/310561"><img src="https://photo-assets.superyachttimes.com/photo/310562/image/large-33509122dc87f116712a96ffa72e5ab3.png" data-gid="gid://syiq/Photo/310562">In terms of her performance, the yacht <a data-gid="gid://syiq/Yacht/11467" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Living Life 324.71m (81'1&quot;)Ferretti Yachts2014">Living Life 3</a> for sale, which has a GRP hull and superstructure, is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines that give her a cruising speed of 27 knots and a top speed of 30 knots.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/310560/image/large-f4994d40b6e7750579d7f5b0e58c0c4a.png" data-gid="gid://syiq/Photo/310560"><img src="https://photo-assets.superyachttimes.com/photo/310559/image/large-4c31837ed1dd3d271793c507720904b7.png" data-gid="gid://syiq/Photo/310559">

25m Ferretti yacht Living Life 3 for sale

The 24.71-metre Ferretti motor yacht Living Life 3 is on the market with Wes Sanford of Northrop & Johnson.

25m Ferretti motor yacht Living Life 3 for sale

The 36.58-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> motor yacht <a data-gid="gid://syiq/Yacht/1610" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Papaito36.58m (120'0&quot;)Benetti SpA2007">Papaito</a> is currently on the market with <a data-gid="gid://syiq/Company/5636" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MMG Yachts (Company)">MMG Yachts</a>. We take a closer look at the luxuries and comforts offered onboard this <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> Classic 37 yacht.<img src="https://photo-assets.superyachttimes.com/photo/304913/image/large-2a5ae5590181df9289e4d01c5588eb75.jpg" data-gid="gid://syiq/Photo/304913">Delivered in 2007 by <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a>, formerly known as Believe, features an 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>, along with interiors imagined by <a data-gid="gid://syiq/Company/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuretti Interior Design (Company)">Zuretti Interior Design</a> and naval architecture crafted in-house by her Italy-based builder.<img src="https://photo-assets.superyachttimes.com/photo/304912/image/large-5b01addccaef07c2622af610a65d9cea.jpg" data-gid="gid://syiq/Photo/304912"><a data-gid="gid://syiq/Yacht/1610" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Papaito36.58m (120'0&quot;)Benetti SpA2007">Papaito</a> benefitted from a thorough refit in 2017-2018, along with a more cosmetic refurbishment later in 2020. <img src="https://photo-assets.superyachttimes.com/photo/304904/image/large-5de91bd0d619b473be1aa97235a57951.jpg" data-gid="gid://syiq/Photo/304904">With a volume of 299 GT, a beam of 7.9-metres, and a draft of 1.95-metres, the vessel is capable of sleeping up to 12 guests onboard across a five stateroom configuration, while separate living quarters can accommodate as many as six crew members.<img src="https://photo-assets.superyachttimes.com/photo/304898/image/large-876a7ca846692112556f32a11031724a.jpg" data-gid="gid://syiq/Photo/304898">Regarding the <a href="https://www.superyachttimes.com/yachts/benetti/for-sale" rel="noopener noreferrer" target="_blank" title="">Benetti yacht for sale</a>’s accommodation, an on-deck master suite located forward on the main deck, two VIP staterooms, and two twin staterooms with pullmans, ensure an uncompromising standard of bliss for all guests during their stay.<img src="https://photo-assets.superyachttimes.com/photo/304896/image/large-0a413fbcf05be02dee6bef50f03d96e8.jpg" data-gid="gid://syiq/Photo/304896">Located forward on the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a>’s main deck, the palatial master stateroom includes an ensuite bathroom, as well as breathtaking 180-degree views of the surrounding scenic waterscape.<img src="https://photo-assets.superyachttimes.com/photo/304895/image/large-15466470df798f2c2dbb66f485fbe4a5.jpg" data-gid="gid://syiq/Photo/304895"><img src="https://photo-assets.superyachttimes.com/photo/304897/image/large-4c99eff291649e460cd1e965b59d81c8.jpg" data-gid="gid://syiq/Photo/304897">Meanwhile, the remaining staterooms can be found below deck and all feature their own ensuite bathrooms, with the two twin VIP staterooms boasting queen beds, and the two twin staterooms, one of which can be converted into a sumptuous king-sized bed, alongside pullman beds<img src="https://photo-assets.superyachttimes.com/photo/304903/image/large-040cbf66feada5c5721e30d018d347fb.jpg" data-gid="gid://syiq/Photo/304903"><img src="https://photo-assets.superyachttimes.com/photo/304900/image/large-8f0c81fbde21ac03f1fc8634848bec7b.jpg" data-gid="gid://syiq/Photo/304900">All of these sleeping havens share a combination of crisp white-coloured linen, subtle wooden accents, and a myriad of windows with far-reaching views for an aura of classic sophistication throughout.<img src="https://photo-assets.superyachttimes.com/photo/304899/image/large-454eed06ea0651312d5d2d9033defeaa.jpg" data-gid="gid://syiq/Photo/304899">In terms of entertainment, guests can congregate in <a data-gid="gid://syiq/Yacht/1610" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Papaito36.58m (120'0&quot;)Benetti SpA2007">Papaito</a>’s convivial saloon, where an inviting grey leather L-shaped sofa accompanied by stylish cream-coloured armchairs and surrounding light wood finishes pave the way for a tranquil yet social living experience. <img src="https://photo-assets.superyachttimes.com/photo/304890/image/large-880c04eb26eb469209c36cba97bc723b.jpg" data-gid="gid://syiq/Photo/304890"><img src="https://photo-assets.superyachttimes.com/photo/304888/image/large-8cd18b0dff42d495066f0b5cb064c940.jpg" data-gid="gid://syiq/Photo/304888">Should guests want to get in touch with nature, they can simply take to the various deck spaces on offer, such as the sundeck complete with lounge furniture, a cosy Jacuzzi, bar, barbecue, and eight-person table. The persistent presence of a nautical shade of blue throughout the seating arrangements also serves as a reminder of the dreamy ocean backdrop.<img src="https://photo-assets.superyachttimes.com/photo/304887/image/large-ec69797e140fba502aa00c41fb456422.jpg" data-gid="gid://syiq/Photo/304887"><img src="https://photo-assets.superyachttimes.com/photo/304883/image/large-f98e45be88d9f6cc56a716c32ff59b21.jpg" data-gid="gid://syiq/Photo/304883"><img src="https://photo-assets.superyachttimes.com/photo/226471/image/large-2734301112d2e87dbe28b74803d58c52.png" data-gid="gid://syiq/Photo/226471">Besides indulging in succulent alfresco dining, those onboard can also top up on their tan thanks to a half-length fixed bimini top, that has the option to also offer sun protection. Furthermore, the flexible aft area is able to be shaded with removable sails if desired, so that guests can enjoy stargazing at night.<img src="https://photo-assets.superyachttimes.com/photo/304906/image/large-58b85130470efbfbdea760a6879bbe3a.jpg" data-gid="gid://syiq/Photo/304906">Performance-wise, the <a href="https://www.superyachttimes.com/yachts/papaito/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Papaito for sale</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 that propel her to a cruising speed of 12 knots alongside a top speed of 16 knots.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/304910/image/large-9eadaa517c6d88dd4cb3fc22d91e101a.jpg" data-gid="gid://syiq/Photo/304910">

Onboard the 37m Benetti yacht Papaito for sale

We take a look at the luxuries offered onboard the 36.58-metre Benetti motor yacht Papaito, which is for sale with MMG Yachts. 


Onboard the 37m Benetti motor yacht Papaito for sale

Netherlands-based yacht builder <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a> has announced that its flagship 23.9-metre <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a> 8 motor yacht is nearing completion. <img src="https://photo-assets.superyachttimes.com/photo/305968/image/large-6232afa7be4db0dc0229c3ea0a734880.jpg" data-gid="gid://syiq/Photo/305968">Built at the Groot Ammers-based shipyard near Rotterdam, the hull and deck of the yacht will soon be joined, with carpenters, fitters and finishers ready to transform the interior in line with the client’s wishes.<img src="https://photo-assets.superyachttimes.com/photo/310574/image/large-a21e9414df62882493e8bd2cd73213e1.jpg" data-gid="gid://syiq/Photo/310574"><img src="https://photo-assets.superyachttimes.com/photo/310571/image/large-46a3bd01f508717b3d8c27314951ef08.jpg" data-gid="gid://syiq/Photo/310571">Sold in January 2024, the <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a> 8 showcases a sleek exterior design by <a data-gid="gid://syiq/Company/43" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cor D. Rover Design (Company)">Cor D. Rover Design</a>, with a Porsche rhodium silver hull, white superstructure and contrasting orange and flag blue lines at her waterline.<img src="https://photo-assets.superyachttimes.com/photo/310568/image/large-cea50cf6986b5e7955188a62b222eab2.jpg" data-gid="gid://syiq/Photo/310568"><img src="https://photo-assets.superyachttimes.com/photo/310567/image/large-ccba8955f46fc1f81c3823e652720d24.jpg" data-gid="gid://syiq/Photo/310567">Expected to be delivered later this year in time for a new life on the French Riviera in July, the <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a> 8 yacht showcases similar features to the smaller models, while combining sleek minimalism with luxurious comfort.<img src="https://photo-assets.superyachttimes.com/photo/305993/image/large-320ed5fa1decf06fe7f9f2363607518f.jpg" data-gid="gid://syiq/Photo/305993"><img src="https://photo-assets.superyachttimes.com/photo/306004/image/large-eb2b26492bedc20386e7cab836d47fa8.jpg" data-gid="gid://syiq/Photo/306004">&nbsp;The first <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a> 8 yacht features a custom main deck saloon, with space for dining and lounging. The helm position also takes a privileged position in this layout, with total clarity of view through a mullion-free windscreen and hand-stitched leather seating.<img src="https://photo-assets.superyachttimes.com/photo/306003/image/large-ab08e17d3a698ddb80b1aafbe493b50a.jpg" data-gid="gid://syiq/Photo/306003"><img src="https://photo-assets.superyachttimes.com/photo/306002/image/large-281b340335afb9320207a0b737a71e28.jpg" data-gid="gid://syiq/Photo/306002">“We are so proud of the <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a> 8 project,” explained <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a> founder Sietse Koopmans. “Born of a loyal client’s desire for a bigger yacht, the <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a> 8 succeeds in perpetuating the famous <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a> aesthetic, while hugely increasing interior volumes.<img src="https://photo-assets.superyachttimes.com/photo/305985/image/large-a683a64c92bdfc506a6fad8047b57755.jpg" data-gid="gid://syiq/Photo/305985"><img src="https://photo-assets.superyachttimes.com/photo/306000/image/large-61df53f4ad08f7f5eb6965cd4e053a2f.jpg" data-gid="gid://syiq/Photo/306000">The <a data-gid="gid://syiq/Company/1416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeelander Yachts (Company)">Zeelander</a> 8 can accommodate up to six guests across her three sumptuous staterooms, with space for a crew of three. Each stateroom is adorned with chic, modern furnishings, alongside delicately ornamented wallpaper, to create an oasis of relaxation. <img src="https://photo-assets.superyachttimes.com/photo/305982/image/large-bee76ad24999ca988a39491622e04a91.jpg" data-gid="gid://syiq/Photo/305982">Her interior consists of a primarily white, cream, and rich ebony colour palette, alongside natural fabrics that evoke an aura of timeless elegance and sophistication, creating an inviting ambiance for guests.<img src="https://photo-assets.superyachttimes.com/photo/305969/image/large-299b914e911d80388377521b04f1acf8.jpg" data-gid="gid://syiq/Photo/305969">Regarding performance, the yacht features an innovative design, allowing her to operate at full speed without noise levels onboard ever reaching above the 72 dBa barrier. Therefore, while reaching top speeds the yacht will continue to provide a relaxing onboard experience.<img src="https://photo-assets.superyachttimes.com/photo/305967/image/large-85174cd915a951269d8d0718189f2823.jpg" data-gid="gid://syiq/Photo/305967">“This yacht will be able to reach 40 knots across the Golfe de la Napoule, while our obsessive use of advanced soundproofing means that you will always be able to hold a normal conversation – even at full throttle,” concluded Sietse Koopmans.<img src="https://photo-assets.superyachttimes.com/photo/299137/image/large-180d5dc0771997d08816d84e071301c4.jpg" data-gid="gid://syiq/Photo/299137">

Construction update: 24m Zeelander 8 yacht nears completion 

Netherlands-based yacht builder Zeelander has announced that its flagship 23.9-metre Zeelander 8 motor yacht is nearing completion. 

24m Flagship Zeelander 8 motor yacht nears completion

The Real Club Nautico de Palma’s PalmaVela regatta came to a close on Sunday 5 May, with <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a> securing the win for a third consecutive year. The regatta is the first in the 2024 IMA Mediterranean Maxi Inshore Challenge.<img src="https://photo-assets.superyachttimes.com/photo/310543/image/large-f325aee121b2ee51a57dccb8638152d9.jpg" data-gid="gid://syiq/Photo/310543">For the last two editions of the PalmaVela, Chris Flowers and David M Leuschen’s <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wallycento</a> <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a> has reigned as the winner, with a perfect performance at last year’s regatta by winning every race.&nbsp;Although she was the favourite to win, the <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wallycentro</a> <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a> put up a strong battle, and at the end of the second day they were tied. Saturday’s coastal race left <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a> ahead with a slender one point advantage, but it was Sunday’s race that determined the winner. <img src="https://photo-assets.superyachttimes.com/photo/310550/image/large-50c5e71162506d370f408a7039f618f1.jpg" data-gid="gid://syiq/Photo/310550"><a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a> took her second win of the regatta, leaving the two maxi yachts to end the event on level points. However, with her three bullets to <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a>’s two, <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a> prevailed on countback to claim the Maxi class for a third consecutive year.“Our third time winning PalmaVela - this is becoming one of our favourites!” commented David M Leuschen, who helmed <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a> this week. “I didn’t get the practice day in because it was too windy, so the first day was my first day in the boat for seven or eight months. It was blowing in the low 20s and was quite sporty, but I enjoyed it very much.”<img src="https://photo-assets.superyachttimes.com/photo/310546/image/large-182b6ded3e36534460ffa482b85fbc76.jpg" data-gid="gid://syiq/Photo/310546">Both <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a> and <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a> received enhancements over the winter, with <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a> now equipped with two tonnes of water ballast that has allowed her to shed lead from her keel. She also upgraded her spinnaker retrieval system so her kite drops faster, while <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a> has also become water ballasted and has been fitted with a lightweight tubular pivoting boom and a rope vang arrangement.“[<a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a>] is going better with all the changes they’ve made,” explained <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a>’s tactician Kelvin Harrap. “With us – it is early stages. There are some times when we were better, but we just have to learn about the water ballast and when to use it.”<img src="https://photo-assets.superyachttimes.com/photo/310544/image/large-f852495a816c925805171848cd230c8f.jpg" data-gid="gid://syiq/Photo/310544">According to <a data-gid="gid://syiq/Company/758" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Sails (Company)">North Sails</a> President Ken Read, all the <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wallycentos</a> competing, including <a data-gid="gid://syiq/Yacht/4121" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Magic Carpet 330.47m (99'12&quot;)Wally2013">Magic Carpet Cubed</a>, are now racing in a lightened mode with water ballast. <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a> has also changed to elliptical rigging and a longer bowsprit in addition to her three tonnes of water ballast.Over the course of the four days, three of the five maxis won races under IRC corrected time. The Farr 100 <a data-gid="gid://syiq/Yacht/314" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leopard 330.0m (98'5&quot;)McConaghy Boats2007">Leopard 3</a> podiumed in both races on the opening day, but perhaps most remarkable was the mighty <a data-gid="gid://syiq/Yacht/5761" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Svea43.6m (143'1&quot;)Vitters Shipyard2017">Svea</a>, which won Friday’s first windward-leeward.<img src="https://photo-assets.superyachttimes.com/photo/310545/image/large-1baecd7defd9c8010301f110089a1760.jpg" data-gid="gid://syiq/Photo/310545">“It was really good for us, even though it was apples and pears - [the other maxis] are 150 tonnes lighter than us, but we can still race against them. And it is good practice,” explained <a data-gid="gid://syiq/Yacht/5761" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Svea43.6m (143'1&quot;)Vitters Shipyard2017">Svea</a> tactician Bouwe Bekking.Sven Wackerhagen’s <a data-gid="gid://syiq/Yacht/7819" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rose23.99m (78'8&quot;)Wally2006">Rose</a> (ex. Tango) also came close to a win, with the <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a> 80 yacht scoring 4-2 on the second day of windward-leewards and in the latter finished just six seconds astern of V under IRC corrected time.<img src="https://photo-assets.superyachttimes.com/photo/310549/image/large-a87fbd55f4dcd584e8a1992968afcaa9.jpg" data-gid="gid://syiq/Photo/310549">“We are getting to know the boat now - you can see where we need to improve,” commented <a data-gid="gid://syiq/Yacht/7819" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rose23.99m (78'8&quot;)Wally2006">Rose</a>’s tactician Jesper Radich. “<a data-gid="gid://syiq/Yacht/7819" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rose23.99m (78'8&quot;)Wally2006">Rose</a> is good for her rating on windward-leewards but not so good reaching. Our owner is a good driver – he has been sailing all his life, but we are not at the level of the others in terms of our total package.”<img src="https://photo-assets.superyachttimes.com/photo/310548/image/large-64415ee461d146496d3237b65177407d.jpg" data-gid="gid://syiq/Photo/310548">During the prize giving ceremony, <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a>’s David Leuschen was presented with the prize for the top IMA member.The 2024 IMA Mediterranean Maxi Inshore Challenge continues with the IMA Maxi European Championship in Sorrento, Italy from 20 to 23 May.

Galateia wins the PalmaVela regatta 2024 for a third time

The Real Club Nautico de Palma’s PalmaVela regatta came to a close on Sunday 5 May, with Galateia securing the win for a third consecutive year.

Galateia wins the PalmaVela regatta 2024 for a third consecutive year

According to Italian media outlets, Sebastiano Fanizza, Chief Commercial Officer of <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>, has resigned from <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti Yachts</a>. At present, no official confirmation has been received from <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>.<img src="https://photo-assets.superyachttimes.com/photo/310579/image/large-13453b51529ea0d53de039ceb414b65e.png" data-gid="gid://syiq/Photo/310579">Sebastiano Fanizza began his professional journey in the automotive industry with Iveco before entering the luxury yacht sector with <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut Yachts</a>, where he held various positions. In 2016, he departed <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> to assume the role of Commercial and Business Development Director at <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>, only to return to the <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut-Benetti Group</a> in 2018 as the Chief Commercial Officer of <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti Yachts</a>.In 2016 he left <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> to serve as commercial and business development director for <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> and returned to the <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut-Benetti Group</a> in 2018 as <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> COO.&nbsp;<a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a> has reached out to <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> and will continue to monitor this situation.

Benetti CCO Sebastiano Fanizza reported to have resigned

According to Italian media outlets, Sebastiano Fanizza, Chief Commercial Officer of Benetti, has resigned from Benetti Yachts.