The Cyprus VAT Service has launched new guidelines on VAT payments applicable under the Yacht Leasing Scheme. As a result, effective VAT rates can be reduced to as little as 3.4% of the initial value of a yacht - less than the equivalent in other favoured jurisdictions, including Malta. Under the Scheme, a Cypriot company can purchase a pleasure yacht and enter into a lease-sale agreement for the yacht with a third-party lessee – an individual or company irrespective of their location. Since this is a service deemed to be supplied in Cyprus, VAT is due on the lease at the normal rates of VAT in Cyprus – currently 17% – but is payable only on that portion of the lease which the yacht spends in EU waters. To avoid the difficulty of establishing the exact length of stays in EU waters, the VAT Service has issued its own percentage scales based upon “presumed” lengths of stay for different types and lengths of yacht. Motor and sailing boats over 24-metres in length are deemed to spend only 20% of their time in EU waters (compared to 30% under the Malta equivalent scheme) to give an effective VAT rate of 3.4%, while motor boats below 8-metres and sailing boats below 10-metres are deemed to spend 60%, giving an effective VAT rate of 10.2%. The yacht, which can be registered anywhere within the EU, must arrive in Cyprus within one month of the date of inception of the lease agreement and the initial lease payment must amount to at least 40% of the value of the yacht. Further lease payments are payable on a monthly basis, and the lease period must under no circumstances exceed the period of 48 months (36 months in Malta). The lessee may purchase the yacht at the end of the lease period, for a final consideration of not less than 5% of the initial value of the yacht. The VAT authorities will then issue a certificate to the lessee confirming full payment of the total VAT liability. The lessor is expected to make a total profit from the leasing agreement of at least 10% on the initial value of the yacht. Prior approval from the VAT Commissioner is required for every application of the Yacht Leasing Guidelines. Register A Yacht +350 200 51870 <a href="mailto:info@RegisterAYacht.com?subject=Article%20on%20SuperYachtTimes.com">info@RegisterAYacht.com</a> <a target="_blank" href="http://www.RegisterAYacht.com">www.RegisterAYacht.com</a>

Cyprus lowers VAT for Yacht Leasing Scheme

The Australian refit and maintenance yard <a data-gid="gid://syiq/Company/5437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Boat Works (Company)">The Boat Works</a> has expanded its capacity with a new 90-tonne travel lift. <a data-gid="gid://syiq/Company/5437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Boat Works (Company)">The Boat Works</a> now has five machines operating over both yards, lifting every type of vessel up to 300-tonnes. <img src="https://photo-assets.superyachttimes.com/photo/271396/image/large-262e69762e3293cdea5ebb23c818e1a5.jpg" data-gid="gid://syiq/Photo/271396">“To keep pace with demand, we decided to invest in this variable width, all-wheel drive machine,” &nbsp;explained <a data-gid="gid://syiq/Company/5437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Boat Works (Company)">The Boat Works</a> owner, Tony Longhurst. “It has an adjustable beam width narrowing the vessels footprint from 8 metres down to 5.5 metres allowing &nbsp;the team to maximise the vessel set down footprint. This is brilliant for boat storage as we can go &nbsp;narrow for the narrower runways and use it for packing boats in tight spots.”<img src="https://photo-assets.superyachttimes.com/photo/271403/image/large-7b2678db6b2f3538e335970d91427a01.jpg" data-gid="gid://syiq/Photo/271403">Built in Italy, the machine boasts unique Dynamic Steering Control (DSC), which its manufacturer defines as “allowing seamless transfer between 4 modes with infinite adjustment between each to allow &nbsp;progressive adjustment of the radius of rotation”. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/271400/image/large-ef3dbdd75e8fce9694a90fd655441dc6.jpg" data-gid="gid://syiq/Photo/271400">DSC is an innovative steering management system developed by Boat Lift. This system allows an operator to linearly move the axis of rotation in any position between the axis of the front wheels and the rear wheels. This makes it possible to significantly reduce the manoeuvring space required for the handling and storage of boats. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/271399/image/large-b8c8cfd255ccd65151a343b3828635b2.jpg" data-gid="gid://syiq/Photo/271399">The new 90-tonne Boat Lift is currently undergoing commissioning and will be ready to haul-out boats in June 2023. “The new Boat Lift gives us more flexibility, makes us more efficient and gives owners more &nbsp;options,” said Tony Longhurst. “We can lift wide multihulls and monohulls, and we can lift a lot more boats now. This new 90-tonne machine takes our service capability to a new level!”<img src="https://photo-assets.superyachttimes.com/photo/271397/image/large-12673dafa039aa1625d3ffaae6921e1d.jpg" data-gid="gid://syiq/Photo/271397">

The Boat Works welcome 90-tonne travel lift

Australian refit yard The Boat Works has welcomed a new 90-tonne travel lift from Italy. 

Australia's The Boat Works expands capacity with new 90-tonne travel lift

<a data-gid="gid://syiq/Company/3256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rivergate Marina & Shipyard (Company)">Rivergate Marina &amp; Shipyard</a>, based on the Brisbane River in Australia, is due to go onto the market in order to facilitate its next stage of development. The shipyard and marina, which is at this time a family owned business, was founded in 2006 and has gained an international reputation for its services and facilities. It has also been a pivotal destination for the growth of the Australian and Pacific superyacht industry. <img src="https://photo-assets.superyachttimes.com/photo/263278/image/large-831c2f4566a287e7110c038ff50d0d6f.jpeg" data-gid="gid://syiq/Photo/263278"><a data-gid="gid://syiq/Company/3256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rivergate Marina & Shipyard (Company)">Rivergate</a> Director Tom Hill commented, “This has been a difficult decision for our family-owned business, but we believe the time is right for a new owner to continue our work and oversee the next exciting phase of the Rivergate story.”Read:&nbsp;<a data-gid="gid://syiq/Article/57255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Investment, expansion and the rise in the Australian superyacht market: Director Tom Hill on Rivergate Marina (2023-03-29 16:00:00 +0200)">Investment, expansion and the rise in the Australian superyacht market: Director Tom Hill on Rivergate Marina</a> <img src="https://photo-assets.superyachttimes.com/photo/224514/image/large-e191b1448da2cf7d76e308e1624c2fe5.jpg" data-gid="gid://syiq/Photo/224514"><a data-gid="gid://syiq/Company/3256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rivergate Marina & Shipyard (Company)">Rivergate</a>’s facilities include 300-tonne and 75-tonne travel lifts, a 55-metre refit shed, hardstand, berthing for vessels up to 90 metres, 24-hour fuel wharf and more than 20 world-class marine trades on site. It features a 105-berth marina with all-tide deepwater access and 24-hour refuelling.Over recent years the shipyard has announced a number of major expansion plans, securing approval for $200 million AUD expansion in 2022. Plans include a state-of-the-art 3,000-tonne ship lift, SPMT transfer system, additional open hardstand space, refit sheds and support building, and in-water service berths suitable for a wide range of superyachts, commercial and Defence vessels.&nbsp;Hill added, “Australia is ideally placed to take more advantage of the buoyant global superyacht market, which &nbsp;has seen substantial pent-up demand to visit our region if there was more capability to service &nbsp;vessels over 50 metres,” Mr Hill said. &nbsp;“Any future expansion of Rivergate would also be excellent timing for the 2032 Olympic and &nbsp;Paralympic Games to be held in Brisbane, with industry expectations that the event will attract &nbsp;around 200 superyachts.” Mr Hill said Rivergate was known not only for the expertise and meticulousness of the tradespeople &nbsp;that refit and repair superyachts, but a level of customer service second to none. &nbsp;“With our strong global brand, highly experienced management team and staff in place and track &nbsp;record of successfully servicing hundreds of superyachts and commercial vessels over the past 17 &nbsp;years, Rivergate represents a rare market opportunity,” he said.

Rivergate Marina and Shipyard for sale

Rivergate Marina and Shipyard seeks new owner. 

Rivergate Marina and Shipyard seeks new owner

<a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> partner and long-term friend of the company Mario Veloná has passed away. <img src="https://photo-assets.superyachttimes.com/photo/270213/image/large-8c17263f0adcfdb613f5767a259ba046.jpg" data-gid="gid://syiq/Photo/270213">Mario was a successful yacht Captain before joining forces with fellow Captain Marco Vandoni to create Veloná Yachting in 1997. Veloná Yachting operated for a number of years before it became part of <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> in 2005.Mario continued as a Director and Broker before falling in love with the natural beauty and local culture of Costa Rica where he retired in 2018. An aggressive illness forced Mario to return to the South of France where, in the presence of Ayrton and Alex, he peacefully sailed away on Tuesday, 9th May.<img src="https://photo-assets.superyachttimes.com/photo/270214/image/large-c71ad4eb56cca87cc0cc66ffb8e0bdbf.jpg" data-gid="gid://syiq/Photo/270214">“Mario was an expert member of the yachting industry and gifted with a free spirit, genuine interest in people and immense charm. Mario will be fondly remembered and greatly missed by family and friends, his former colleagues at <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> and all who worked with him in the yachting industry,” commented <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>.A service will be held in Nice (Crematorium de la Metropole Nice) on Monday 15th May at 4pm. After that, friends are invited to get together in remembrance of Mario at “La Cambuse” in the Port of Cap D’Ail.

Ocean Independence partner Mario Veloná passes away

Ocean Independence partner and long-term friend of the company Mario Veloná has passed away.

From concept to completion, the new 4,300-tonne shiplift at <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a> was four years in the making at a cost of at least €70 million. A truly international venture, the project brought together contractors from half a dozen countries to resolve the many logistical, engineering and environmental challenges. We take a closer look at how it was done.<img src="https://photo-assets.superyachttimes.com/photo/261587/image/large-039002e970e80a7ca246214bed1d7e09.jpg" data-gid="gid://syiq/Photo/261587">It is difficult to appreciate the sheer scale of the new shiplift in <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">La Ciotat</a> unless you’re standing on top of it. The platform itself is 100 metres long, 20 metres wide, 2.7 metres deep and weighs 1,100 tonnes. It is now open for business, but the total redeveloped area covers 40,000 square metres and construction work continues on the peripheral infrastructures.The design and construction of a shiplift is composed of four principal activities: civil works, lift and transfer systems, platform fabrication, and installation followed by commissioning. The most cost-effective approach is for the shipyard to act as the general contractor and issue separate contracts for each of the activities. <img src="https://photo-assets.superyachttimes.com/photo/261585/image/large-76295cb817ddfe17c4cc27eb302e3055.jpg" data-gid="gid://syiq/Photo/261585"><a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a> divided the cost of the shiplift with <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">La Ciotat Shipyards</a>, the public company that manages the port area, but has spent an additional €13 million on adjacent facilities. The total stake represents a formidable asset for the refit shipyard, which can now host up to six more 100-metre plus superyacht on the hard, adding to an infrastructure that already includes a 2,000-tonne yacht lift, 600-tonne crane, 300-travel lift and 200-metre dry dock.&nbsp;Installing a shiplift in La Ciotat had been envisaged by <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> ever since it acquired a majority stake in <a data-gid="gid://syiq/Company/5474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CompositeWorks (Company)">CompositeWorks</a> in 2017. Work got under way the following year with preliminary simulations in compliance with French regulations and safety codes to determine the optimal size of the shiplift based on the land area available.“Every increase in lifting capacity is accompanied by an exponential increase in cost, so the final 4,300-tonne capacity represents the best balance between cost, commercial opportunities and the space we had to work with,” says Joe Degabriele, Senior Business Development Manager at <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a> tasked with commercialising the shiplift.<img src="https://photo-assets.superyachttimes.com/photo/261582/image/large-57990f9cf95d2e2aaa6476f37e7ec399.jpg" data-gid="gid://syiq/Photo/261582">Bardex Corporation, a US-based specialist in heavy load handling and positioning equipment, was contracted to oversee the design of the shiplift and transfer systems. In order to better understand the local business culture and practices, Bardex chose to partner with Matière SAS, a French engineering and construction company.“The design process starts by understanding the client’s needs and objectives for the facility, says Robert Taylor, senior structural engineer at Bardex. “We also investigate the site setting, access to and from the facility, the yard arrangement and the geological conditions. All of these inform us about the types of foundation system, yacht transfer arrangement and implementation plan that is most appropriate for the project.”Weight-liftingShiplifts are all about are speed and efficiency. In La Ciotat the entire process of lifting and positioning a yacht on the hard takes less than three hours, whereas the same procedure in a traditional graving dock requires the best part of a day. A shiplift can serve multiple parking places, but a dry dock usually hosts just one vessel at a time.&nbsp;The shiplift relies on very different technology from classic winches and cables. The Chain Jack Lift system is widely used in military shipyards for lifting warships and nuclear submarines. Powered by hydraulic rams, a chain jack hoists by engaging and pulling in a short length of chain, engaging a stop pin, retracting and repeating the process. <img src="https://photo-assets.superyachttimes.com/photo/261584/image/large-53a9dbfa280b0d59027c0314124af81d.jpg" data-gid="gid://syiq/Photo/261584">The system offers more precise movement of the platform than wire ropes or cables, which are prone to stretching (Lloyd’s requires 20 per cent of wire ropes to be removed and destructively tested each year and all wire ropes to be replaced every 5-10 years). La Ciotat has 20 chain jack units, 10 on each side of the pit, and each has two closed-loop chains for 100 percent redundancy.The lifting procedure is complex because it involves coordinating the motion of 20 devices connected to the same platform. The system moves one pitch, or two links of chain, each cycle for all 40 chains (factory tests show that the movement of the chain jacks can be coordinated to within one millimetre of each other). The entire lift system resets every cycle, which prevents the accumulation of differential elevation. To ensure all the units are working in perfect synchronisation, remote sensors relay the parameters in real-time to the central command system.“Hydraulic cylinders are ideally suited to shiplift operations because their movement is consistently precise,” says Taylor. “Bardex has further improved the synchronisation by equipping the lift stations and control system with hydraulic feedback motion control. This technology is widely used in heavy industrial robotic automation applications that require high precision motion control, such as special-purpose arc welding robots.”To guarantee an uninterrupted supply of electricity, the lifting system has its own dedicated substation with transformers supplied by the French division of the German company Schneider Electric. <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> invested in a further three substations for the supply of reliable shore power to the yachts and for refit work.<img src="https://photo-assets.superyachttimes.com/photo/261583/image/large-4166e0e83d90ea707fb10360c701a083.jpg" data-gid="gid://syiq/Photo/261583">Running on railsBuilt by Metallic Bridges Belgium (MBB), the actual platform had to be delivered by special transport. When a yacht enters the lifting pit and the chain jacks are activated, it comes to rest on a modular cradle that can be adjusted to suit the size of the vessel (<a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> ordered four such cradles from Schwartz Hautmont in Spain). As in a graving dock, divers assess that the ‘mating’ between hull and cradle is a snug and secure fit.&nbsp;Once the platform has been locked at ground level, the next phase is to transfer the yacht sideways off the platform and then longitudinally to a hard-standing space. Four-wheel bogies or trolleys constructed by Bardex Industries in South Korea are aligned under the cradle. The bogies, which have a passive hydraulic suspension system to raise the yacht and its cradle over the top of the chain jack units, run along 6.5km of intersecting rails built by Bemo Rails in The Netherlands and can change direction by lifting themselves off the tracks and turning their wheels 90 degrees. <img src="https://photo-assets.superyachttimes.com/photo/261597/image/large-cd3dfe47b75870da76a82b08717ad440.jpg" data-gid="gid://syiq/Photo/261597">The two axes of motion meant the rails and intersections had to be installed to a tolerance of +/- 5mm to ensure smooth transfers. Maintaining stability is obviously essential throughout the operation, especially when moving the yacht off the platform.“Transferring yachts laterally off the platform required careful coordination of the civil works, structural system and lift station elevations to ensure adequate clearance for the yacht and static supports to pass over the lift stations,” says Taylor. “This type of transfer operation also imposes unbalanced loads on the structural systems. Detailed engineering analysis and the use of hydraulically actuated pin supports were required to ensure the structure remains stable under this loading condition.” <img src="https://photo-assets.superyachttimes.com/photo/261598/image/large-46859a2c27c1aaa4e641dcc7c146976b.jpg" data-gid="gid://syiq/Photo/261598">There are five hard-standing places to the side of the platform and one in front of it (a 6th is a common area that can be used for short-term projects such as pre-purchase inspections). Once in position, the cradle is lowered to the ground, the bogies removed and the yacht hooked up to the shore power, fresh water and waste management systems. Anchoring points in the concrete are used for bracing scaffolding and tenting when the yachts need to covered. <img src="https://photo-assets.superyachttimes.com/photo/261599/image/large-5e0187dde33c13a6e4b502b4da2f46b1.jpg" data-gid="gid://syiq/Photo/261599">At the time of writing, the shiplift and transfer systems were approaching completion before final testing and certification by <a data-gid="gid://syiq/Company/554" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyds Ships (Company)">Lloyds Register</a> (shiplifts come under Lloyds’ Code for Lifting Appliances in a Marine Environment, excluding the civil engineering works). Despite the many technical and logistical challenges, the shiplift was on schedule for its official inauguration in September.&nbsp;“The most difficult thing has been organising all the different companies around the world and up to 200 personnel working on site each day, especially during the Covid pandemic,” says Mathieu Bauden, the man responsible for coordinating the works as Facilities &amp; Storage Manager at <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a>. “But it’s a great source of satisfaction that when we signed this project four years ago, we decided to open the platform on 15 September 2022. And that is still the opening date.”<img src="https://photo-assets.superyachttimes.com/photo/261591/image/large-603e1e48173db47dc861262e8eaf1093.jpg" data-gid="gid://syiq/Photo/261591">SHIPLIFT TRIVIA• The Syncrolift System was invented by Raymond Pearlson, who was later awarded the Sperry Award for his invention. The first Synchrolift in 1957 had a lifting capacity of 100 tons.&nbsp;• In 1967 Hydranautics, now Bardex Corporation, designed, patented, manufactured and delivered the first shiplift using chains instead of wire rope.&nbsp;• The Three Gorges Dam on the Yangtze in Central China has a shiplift for transferring vessels up to 3,000 tonnes across a vertical distance of 113 metres. The ship chamber has a pool of water 120 metres long by 18 metres wide and 3.5 metres deep.&nbsp;• The world’s largest shiplift dedicated exclusively to yachts is the 4,800-tonne shiplift at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Barcelona</a>. Commissioned in 2019, it was designed and supplied by Pearlson Shiplift Corporation.This article was originally published in September 2022 of Issue 1 of the How to Build It magazine. <a href="https://superyachttimes.com/api/download/how-to-build-it-issue-1" target="_blank">You can download the entire magazine for free here</a>.

At the shipyard with MB92 La Ciotat

Justin Ratcliffe went behind the scenes for the unveiling of the new shiplift at MB92 La Ciotat.

How to build a shiplift with MB92 La Ciotat

<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> and Blue World Technologies have joined forces to drive innovation in the field of energy technology, marking a significant milestone for both companies. The strategic collaboration, which was officially announced in April 2023, underlines <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> commitment to advancing sustainable and future fuel technologies.<img src="https://photo-assets.superyachttimes.com/photo/270072/image/large-d78446a983817cb1eb4e1056f609e055.jpg" data-gid="gid://syiq/Photo/270072">Headquartered in Aalborg, Denmark, Blue World Technologies is a leading developer and manufacturer of high-temperature PEM fuel cells that run on methanol. The company's mission is to introduce energy-efficient and cost-effective methanol fuel cell technology to industries worldwide. It has been working closely with <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> as part of the Dutch superyacht builder's energy programme.<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> decision to partner with Blue World Technologies was influenced by the company's next-generation fuel cell technology, which offers higher efficiency and the potential for more energy-efficient vessel operation thanks to the quality of recoverable heat. Additionally, Blue World Technologies' focus on methanol aligns with <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> sustainability vision, which aims to reduce its carbon footprint and explore new ways to safeguard the environment.<img src="https://photo-assets.superyachttimes.com/photo/270071/image/large-f6b24d4406d4eecaec079447b99a4dd7.jpg" data-gid="gid://syiq/Photo/270071">According to Torben Mørch Sørensen, Marine Sales Director at Blue World Technologies, the collaboration presents a tremendous opportunity for both parties to share knowledge and drive innovation in pursuing a greener maritime industry. The partnership will involve close collaboration between builders and suppliers, with the Blue World Technologies team working closely with <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> Product Design Managers and Engineers toward implementing sustainable solutions in the company's products and projects."We are thrilled to be working with the team at Blue World Technologies," said Haico van Roeden, <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting Design</a> and Proposal Engineer. "Our shared ambition and goals align very well, and we look forward to exploring the opportunities this collaboration presents in the coming months." With a focus on sustainability and innovation, <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> and Blue World Technologies are poised to impact the yachting industry's future significantly.

Damen Yachting and Blue World Technologies partnership

Damen Yachting and Blue World Technologies have joined forces to drive innovation in the field of energy technology.

Damen Yachting and Blue World Technologies join forces to advance sustainable and fuel technologies

Italy-based yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has reported a significant improvement in Q1 2023 margins in their latest financial report. The Board of Directors at <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> reviewed and approved the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a>’s consolidated financial results for the first quarter of 2023 and reported an order backlog of €1.5 billion.<img src="https://photo-assets.superyachttimes.com/photo/269914/image/large-f008f2595c26a0e0ddc9ff1c03717d36.jpg" data-gid="gid://syiq/Photo/269914">Headquartered in Forlì, Italy, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> reported an order intake of €307.5 million in the first three months of 2023. The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a> also saw a 15.4 percent increase in the order backlog compared to 31 December 2022 due to strong demand on international markets.The order backlog is broken down into segments, with made-to-measure yachts responsible for approximately 37.7 percent of the order backlog and equivalent to €549.1 million as of 31 March 2023. Composite yachts reached €489.9 million, or 32.7 percent of the total backlog, superyachts made up 25.7 percent or €384.6 million of the backlog, and other businesses such as <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a> Sail and the (<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> Security Division) FSD made up €72.7 million, or 4.9 percent of the total backlog.<img src="https://photo-assets.superyachttimes.com/photo/262170/image/large-58ac563f0eedce204ff480d094b86af1.jpeg" data-gid="gid://syiq/Photo/262170">“The luxury yacht market continues to see strong expansion and, once again, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> shows vision and foresight, as witnessed by the important acquisition of Cantiere San Vitale, in Ravenna, the cornerstone of a future-looking growth strategy,” commented <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> CEO, Alberto Galassi.The total revenue for Q1 2023 surpassed €280 million, representing an increase of 9.3 percent compared to Q1 2022. The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> attributes this figure to the strong order backlog built in 2022.<img src="https://photo-assets.superyachttimes.com/photo/260867/image/large-5e5d5c3dcbe40ce54198eb723f80f847.jpeg" data-gid="gid://syiq/Photo/260867">When this revenue is broken down into geographical locations, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> found that approximately 48.2 percent of the total revenue for Q1 2023 came from Europe, Middle East, and Africa regions (EMEA.) The North America, Central America, and South America regions (AMAS) were responsible for 28.6 percent, while the Asia-Pacific region (APAC) accounted for 11.4 percent of the total revenue.&nbsp;The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> also revealed an increase of 26.6 percent for adjusted EBITDA for Q1 2023 compared to Q1 2022. This improvement has been attributed to a longer waiting and high order backlog which reflects pricing power, a larger presence in segments such as made-to-measure, and the economy of scale in purchasing with a more efficient fixed costs absorption.The overall net profit of the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> was reported as €18.6 million in Q1 2023, representing an increase of 42 percent from Q1 2022, with a margin equivalent to 6.6 percent in Q1 2023, representing an increase of 120 basis points when compared to Q1 2022.<img src="https://photo-assets.superyachttimes.com/photo/243240/image/large-c8d44c405138c49644ebabd8896f5e94.jpg" data-gid="gid://syiq/Photo/243240">The huge interest shown by the financial community after the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a>’s first Capital Markets Day and the very positive financial results reported in Q1 2023, are another demonstration of our solidity and confirm once again that our shareholders and our customers were right to place their confidence in us,” concluded Alberto Galassi.

Ferretti Group reports €1.5 billion order backlog for Q1 2023 

The Ferretti Group has reported a significant improvement in Q1 2023 margins in their latest financial report compared to Q1 2022.

Ferretti Group announces €1.5 billion order backlog for Q1 2023 financial report

The <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Ordinary Shareholders’ Meeting has approved the Financial Statements for the year ended 31 December 2022. The meeting proposed the allocation of the more than €22 million profit, including the distribution of a dividend of €0.66 per share, gross of withholding tax. <img src="https://photo-assets.superyachttimes.com/photo/251953/image/large-55cc082ff4a9a8179c905e3cd857a19c.jpg" data-gid="gid://syiq/Photo/251953">The number of shares entitled to payment will be determined 3 May 2023, with the ex-dividend date on 2 May 2023 and payment on 4 May 2023. The dividend amount for the 2022 financial year is up by 10 percent from 2021 and corresponds to a pay-out of approximately 31 percent of the Group's net profit.<img src="https://photo-assets.superyachttimes.com/photo/268405/image/large-0fe4b56c7fa5bf4533eb5955ddd1c1c0.jpg" data-gid="gid://syiq/Photo/268405">During the Shareholders’ Meeting, chaired by <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> CEO Massimo Perotti, the Consolidated Financial Statements for the year ended 31 December 2022 were also presented. These showed Net revenues from the sale of new yachts equal to €740.7 million. This figure is up 26.4 percent compared to 2021’s figure of €585.9 million.&nbsp;The statement also showed that EBITDA (earnings before interest, taxes, depreciation, and amortization) were equal to €129.6 million, up by 37 percent compared to €94.6 million in 2021. The Group Net profit was up by 45.4 percent from 2021 and was equal to €74.2 million, while the net cash position was equal to €100.3 million, up by €61.3 million compared to €39 million as of 31 December 2021.<img src="https://photo-assets.superyachttimes.com/photo/250520/image/large-0a3fbeca280e8c3933c53ff570e0aa4f.jpg" data-gid="gid://syiq/Photo/250520">For the third year, the 2022 Consolidated Non-Financial Statement was prepared as a separate report from the financial statements and presented during the Shareholders’ meeting. This is in accordance with the requirements of Italian Legislative Decree 254/2016 and drawn up according to the GRI Universal Standards.The 2022 Consolidated Non-Financial Statement describes all the main activities performed by the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Group in relation to environmental, social, personnel, human rights, and anti-corruption issues through a 360-degree responsible approach that looks at product and process sustainability, human resources, supply chain, and the entire territory.<img src="https://photo-assets.superyachttimes.com/photo/7146/image/large-1ccb974245f810b85b1716f241cce43b.JPG" data-gid="gid://syiq/Photo/7146">The Ordinary Shareholders’ Meeting examined the report prepared by the Company’s Board of Directors on the policy regarding remuneration and fees paid. The “First section” of the Report on Remuneration, relating to the remuneration policy for members of administrative bodies, general managers, and managers with strategic responsibilities, was approved. The “Second section” of the report was resolved in a favorable sense.Following the resignation of Directors Marco Viti and Pietro Gussalli Beretta on 26 August 2022 and 14 March 2023, respectively, the Ordinary Shareholders’ Meeting reduced the Board of Directors to 10 members, compared to 12 as determined by the Ordinary Shareholders’ Meeting of 28 April 2022. <img src="https://photo-assets.superyachttimes.com/photo/111105/image/large-e1d1a7477975847b6730979de19d203b.png" data-gid="gid://syiq/Photo/111105">The members of the Board of Directors, which will remain in office up to 31 December 2024, are, therefore, the following: Massimo Perotti, Paolo Olivieri, Ferruccio Rossi, Carla Demaria, Cecilia Maria Perotti, Licia Mattioli, Silvia Merlo, Leonardo Luca Etro, Francesca Culasso and Marco Francesco Mazzù.

Sanlorenzo Ordinary Shareholders’ Meeting approves 2022 financial statements

The Sanlorenzo Ordinary Shareholders’ Meeting has approved the Financial Statements for the year ended 31 December 2022.

Sanlorenzo reports €740m net revenue from sale of new yachts for 2022

In recent years, the consensus within the superyacht industry has been that ‘biggest is best’, yachts are getting larger every year and superyacht news is dominated by the biggest names on the water. The tiny (by comparison) stars of the yacht construction industry, however, are the yacht’s model counterparts that take pride of place among their paramours and whose builders can hold their own against any of the yachting giants. Take a short walk along the dock at the <a data-gid="gid://syiq/Event/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2022">Monaco Yacht Show</a>, step into the studio of any designer or yacht club, and it is not only the on-water vessels that steal the limelight, it is also the models that represent them. <img src="https://photo-assets.superyachttimes.com/photo/267544/image/large-04b01483d98697bc4faddb35c1eb3895.jpeg" data-gid="gid://syiq/Photo/267544">Historically, yacht hull models were used to help owners select their next vessel, and then they were used to commemorate the yacht on the water, displayed in pride of place within the homes of the owner or the club they raced with. While these uses still abound, today shipyards and designers use superyacht models to display their work, unveil new superyacht designs and to record previous models in perpetuity. We spoke with a few of the companies that pioneer within the yacht model industry, and experts shared their thoughts on the value and importance that the models represent.One company whose models become talking points of their own and which never fail to attract the crowds at any yacht show are <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>’s. The shipyard is known worldwide for its work on future yacht concepts, designed in collaboration with <a data-gid="gid://syiq/Company/5009" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lateral Naval Architects (Company)">Lateral Naval Architects</a> and the craftsmen behind these extraordinary models are <a data-gid="gid://syiq/Company/7126" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scale Models Weston (Company)">Scale Models Weston</a>. Based in Colchester, England, the model makers have been collaborating with the shipyard that is at the forefront of cutting-edge yacht design for years. Jason Shearman, Director of the company explained “The details and technology that we incorporate into the <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> models always make for an interesting project and the models produced are a stunning replica of their design flair and showcase our skilled craftsmanship to its full extent.” <img src="https://photo-assets.superyachttimes.com/photo/267556/image/large-25ce98ba119ff6169fdeac1b30f6c52f.jpg" data-gid="gid://syiq/Photo/267556"><a data-gid="gid://syiq/Company/7126" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scale Models Weston (Company)">Weston</a> are a boutique organisation, with a permanent four man team, the craftsmen's ranks are bolstered during busy show seasons with freelance model craftsmen. One of the larger fish in the model-making industry is the Italian company <a data-gid="gid://syiq/Company/4884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Model Maker Group (Company)">ModelMakerGroup</a>, and with over 30 craftsmen, the company builds nearly 400 models a year for top industry names across the globe. The sentiment shared by all of the experts that we spoke to is that yacht models have a vital role to play within the wider industry, bringing drawings to life and giving designers, owners and shipyards the opportunity to touch, feel and investigate a design before metal is cut. Giuseppe Capobianco of <a data-gid="gid://syiq/Company/4884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Model Maker Group (Company)">ModelMakerGroup</a> explains, “Most of the yacht’s we model are yet to be presented to the market, meaning that confidentiality is a must. It also means that our workshops are filled with the vessels of the future, and a tour of our studios would give you a real sense of how the industry develops every year.” <img src="https://photo-assets.superyachttimes.com/photo/267545/image/large-12594031a04e3e845fa0752cd34d87d0.jpg" data-gid="gid://syiq/Photo/267545">While an onlooker may see yacht models as a toy, like a model car, yacht model construction is a painstaking process that takes months to complete and, as Jason touched on, can feature complex technology. Many of the models we see at yacht shows today are malleable, with parts that can be moved, removed, added to, some even including hydraulic features.Jason Shearman of <a data-gid="gid://syiq/Company/7126" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scale Models Weston (Company)">Weston</a> added, “Our models provide a focal point for a marketing stand at an exhibition, board room, or as pride of place on the actual vessel. I believe a model superyacht helps to ignite the imagination of the viewer and creates a visual representation of the lifestyle a real yacht could offer. The features included on some recent superyachts that we have produced have really helped to bring the space to life, from a spa with scent diffuser triggered when the door is opened, to a tiny HDTV installed in the seating area for movie nights under the stars, there is a huge scope in utilising technology to showcase what life aboard could really be like.”<img src="https://photo-assets.superyachttimes.com/photo/267546/image/large-3b111e9247cecc105e79f435223c370f.jpg" data-gid="gid://syiq/Photo/267546">Brian Klassen, who builds yacht models at his studio in Canada for the yachting and commercial ship building industries believes that models have a vital role to play in the wider industry, despite the improvement in rendering technology. “Models are extremely valuable because not everyone can understand drawings or visualize a new concept. Renderings and videos provide good presentations, but a scale model can be viewed from all angles by a single viewer or multiple viewers gathered around a real, tangible representation, not a screen.”<img src="https://photo-assets.superyachttimes.com/photo/267559/image/large-324a04fe016e2e09313dc7dc9ad5cba4.jpg" data-gid="gid://syiq/Photo/267559">It's not only within the models themselves that technology comes into play. Like the shipyards themselves, automation and advancing tech is shaping the way models are produced. Guiseppe Capobianco explains, “In almost 20 years of model making we have tested different techniques, invested in technology and researched new production practices. We introduced 3D printing 18 years ago and recently we introduced a new innovative 3D printer to reproduce more realistic details. This machine completely changes the way of designing intricate details within the models and enables us to go deeper into the superyacht design.”<img src="https://photo-assets.superyachttimes.com/photo/267558/image/large-9d1fbce5de10595a6b9481420b9f9723.jpg" data-gid="gid://syiq/Photo/267558">The technology within the sector is increasing every year, and AR is becoming more commonplace both on superyachts, and their models. With the demographic of superyacht owners shifting to the next generation, the tech industry is melding with yachting and owner’s expectations for interactivity are changing. “The idea that we can seamlessly connect the real world with the virtual is intriguing and an area that I believe will enhance the model making industry,” explained Jason, “with the overall look and feel of the yacht to be found on the model and the finer details such as the cabins and décor to be overlayed in the virtual world, offering a fully immersive experience.”This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-44" target="_blank">Issue 44 of SuperYacht Times newspaper</a>.&nbsp;To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper,&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

Scale superyacht models and their makers

Scale models may be small, but they have a hugely important role in the yachting industry. We found out more.

home-htbi#1

Small yachts, big impact: A closer look at the scale model industry

Guernsey-based <a data-gid="gid://syiq/Company/7132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bachmann Group (Company)">BachmannHR Group</a> has announced the appointment of Ben Mahy as Business Development Manager, as well as Director of <a data-gid="gid://syiq/Company/7132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bachmann Group (Company)">Bachmann</a> Technical Services.<img src="https://photo-assets.superyachttimes.com/photo/268038/image/large-6e72e6106469db9376673ca71df4b809.jpg" data-gid="gid://syiq/Photo/268038"><a data-gid="gid://syiq/Company/7132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bachmann Group (Company)">BachmannHR Group</a> has been operating in the marine sector since 1974 and owns a fleet of 50 superyachts. The group manages and employs a crew of around 15,000 mariners which work on a variety of yachts, cruise ships, ferries, and all other types of commercial shipping.Ben Mahy has been involved in yachting for around 20 years, working as a trained naval architect, project manager and chartered engineer. For the last five years, Ben has worked as a boatyard manager and brings a plethora of experience to his new role.&nbsp;“We are all delighted to welcome Ben to the team, a very experienced superyacht professional. He brings to the business new capabilities that will build on the existing service the Group can offer,” commented Nick Saul, CEO of the Group.Ben will be promoting the services of <a data-gid="gid://syiq/Company/7132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bachmann Group (Company)">Bachmann</a> in corporate ownership of yachts and aircraft, crew employment and payroll, port services and developing a new direction in assisting yachts with support in Technical Service such as refits, shipyard liaison and planning. He will also lead the team in the supply of ISM and mini ISM systems.

BachmannHR Group appoints Business Development Manager 

BachmannHR Group has announced the appointment of Ben Mahy as
Business Development Manager and  Director of Bachmann Technical Services.


BachmannHR Group appoints Business Development Manager and Director of Technical Services

Italy-based yacht builder <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has signed an offer to acquire another 33 percent stake in artisanal furniture company Duerre. The closing of the deal in the next few days will see <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> reach a majority 66 percent stake in Duerre. <img src="https://photo-assets.superyachttimes.com/photo/254878/image/large-31d4e0b1eeac8a65117ce017dbca9e93.jpg" data-gid="gid://syiq/Photo/254878">The acquisition of Duerre’s majority represents a strategic opportunity for <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> within its path towards vertical integration in key supply chains. Sanlorenzo’s previous acquisition of a 33 percent stake closed on 29 April 2022.The law firm Musumeci, Altara, Desana and Associates assisted <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> in the negotiation of contractual aspects, with a team composed by name partner professor Toti S. Musumeci, together with the senior associate Leonardo Musumeci.Duerre has a strong heritage since the 1940s in the production of artisanal high-end furniture, mainly for superyachts, but also for residential real estate, offices, hospitality, and commercial buildings.&nbsp;

Sanlorenzo to acquire another 33% stake in Duerre

Sanlorenzo has signed an offer to acquire another 33 percent stake in artisanal furniture company Duerre.

Sanlorenzo signs offer to acquire a further 33% stake in Duerre

<a data-gid="gid://syiq/Company/6094" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yacht Australia (Company)">Horizon Yacht Australia</a> has announced the sale of a new 24.56-metre custom <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon</a> FD 80 motor yacht at Sanctuary Cove International Boat Show. In a joint deal with yacht broker Don Senior, the yacht has been commissioned by a New Zealand-based owner.<img src="https://photo-assets.superyachttimes.com/photo/271903/image/large-63ee8baaf0f0d42efdf7f703e89b9f06.jpg" data-gid="gid://syiq/Photo/271903">The yacht will be custom designed as a fishing-based sports yacht for 'the ultimate offshore experience'. This is the first Horizon build for the avid boater and will feature a four-stateroom-plus-crew layout with plentiful amenities including a split-use sky lounge and heated Jacuzzi.<a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon</a> is exhibiting a full breadth of its fleet during the event that finishes this weekend, with RP125, RP100, FD90, FD80, FD75 and V74 all on display.

Custom Horizon FD 80 yacht sold

Horizon Yacht Australia has announced the sale of a Custom FD 80 motor yacht at Sanctuary Cove.

Custom Horizon FD 80 motor yacht sold

The 28.65-metre <a data-gid="gid://syiq/Company/488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Broward Marine (Company)">Broward Marine</a> motor yacht Pathway sold in a deal with George Ivey of <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY Yacht Sales</a> representing the seller. The yacht will now be renamed <a data-gid="gid://syiq/Yacht/801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Vida28.65m (93'12&quot;)Broward Marine1987">La Vida</a> by her new owner.<img src="https://photo-assets.superyachttimes.com/photo/114179/image/large-5d0c25b551e2ee36c302dc33d75b5a01.jpg" data-gid="gid://syiq/Photo/114179"><a data-gid="gid://syiq/Yacht/801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Vida28.65m (93'12&quot;)Broward Marine1987">La Vida</a> was delivered in 1987 from the United States, as part of the <a data-gid="gid://syiq/Company/488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Broward Marine (Company)">Broward</a> 106’ Raised Pilothouse series. She features exterior design and naval architecture from her builder <a data-gid="gid://syiq/Company/488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Broward Marine (Company)">Broward Marine</a> and boasts a modern and contemporary interior design.<img src="https://photo-assets.superyachttimes.com/photo/177055/image/large-f2fa8755d7b8dd1c55609da5335cb386.jpeg" data-gid="gid://syiq/Photo/177055"><img src="https://photo-assets.superyachttimes.com/photo/177051/image/large-dbd5b78758be2e7bd58f6f31670b1cbf.jpeg" data-gid="gid://syiq/Photo/177051"><img src="https://photo-assets.superyachttimes.com/photo/177052/image/large-da7765dc40475183d7d41b8911cbb041.jpeg" data-gid="gid://syiq/Photo/177052"><img src="https://photo-assets.superyachttimes.com/photo/177058/image/large-10775ff8fd28060dfb0e1936a64c8763.jpeg" data-gid="gid://syiq/Photo/177058">The open-plan main saloon of the flybridge yacht is bright and airy, thanks to large windows and includes a sit-up bar area. <a data-gid="gid://syiq/Yacht/801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Vida28.65m (93'12&quot;)Broward Marine1987">La Vida</a> has accommodation onboard for up to six guests across a three stateroom layout, consisting of an owner suite and two twin staterooms. <img src="https://photo-assets.superyachttimes.com/photo/177062/image/large-138eb10af28b0e1ae6f12e463c6ea8fe.jpeg" data-gid="gid://syiq/Photo/177062"><img src="https://photo-assets.superyachttimes.com/photo/177056/image/large-3083671ef04a912c913fb7747b151cb3.jpeg" data-gid="gid://syiq/Photo/177056"><img src="https://photo-assets.superyachttimes.com/photo/177040/image/large-333280d7875f9627986d240dacf8b2e8.jpeg" data-gid="gid://syiq/Photo/177040">Performance-wise, <a data-gid="gid://syiq/Yacht/801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Vida28.65m (93'12&quot;)Broward Marine1987">La Vida</a> is equipped with twin <a data-gid="gid://syiq/Company/1497" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Detroit Diesel (Company)">Detroit Diesel</a> engines which power her to a top speed of 16 knots and a comfortable cruising speed of 14 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Vida28.65m (93'12&quot;)Broward Marine1987">La Vida</a> had a last known asking price of $499,900.<img src="https://photo-assets.superyachttimes.com/photo/177029/image/large-6e05b983357bc0a7b75ff7d355aed467.jpeg" data-gid="gid://syiq/Photo/177029">

Broward Marine yacht Pathway sold and renamed La Vida

Broward Marine’s 29m yacht Pathway sold and was renamed La Vida. She had a last known asking price of $499,900.

Broward Marine motor yacht Pathway sold and renamed La Vida

The 24.38-metre Posillipo motor yacht <a data-gid="gid://syiq/Yacht/13007" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aetos24.38m (79'12&quot;)Cantieri Navali Rizzardi1999">Aetos</a> sold in an in-house deal at <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> with broker Michel Chryssicopoulos representing both the buyer and the seller during negotiations.<img src="https://photo-assets.superyachttimes.com/photo/272002/image/large-2ea276897453a35b63fcee7a70594549.png" data-gid="gid://syiq/Photo/272002">Built in 1999 by Posillipo, now known as <a data-gid="gid://syiq/Company/636" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri Navali Rizzardi (Company)">Rizzardi</a>, <a data-gid="gid://syiq/Yacht/13007" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aetos24.38m (79'12&quot;)Cantieri Navali Rizzardi1999">Aetos</a> is part of the Technema 80 series and underwent an extensive refit in 2018. Previously named Atalanti, the lightweight motor yacht boasts clean and sleek lines with a comfortable and stylish interior.<img src="https://photo-assets.superyachttimes.com/photo/272008/image/large-a31646419280e5a153fa23de7c0cf5b4.png" data-gid="gid://syiq/Photo/272008"><img src="https://photo-assets.superyachttimes.com/photo/272006/image/large-427eb89d0c6970f63d0fec6d94b98b82.png" data-gid="gid://syiq/Photo/272006"><a data-gid="gid://syiq/Yacht/13007" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aetos24.38m (79'12&quot;)Cantieri Navali Rizzardi1999">Aetos</a> feels much larger than her size with a spacious formal dining space and expansive main saloon. She offers accommodation for up to 10 guests across a four ensuite stateroom layout.<img src="https://photo-assets.superyachttimes.com/photo/272005/image/large-3977a4615d0b3dd3cb125b05cac90b16.png" data-gid="gid://syiq/Photo/272005"><img src="https://photo-assets.superyachttimes.com/photo/272007/image/large-fc824b9e23fe4b5e23f41aa0f69018c3.png" data-gid="gid://syiq/Photo/272007"><img src="https://photo-assets.superyachttimes.com/photo/272003/image/large-5efef1c7cacb994a372209fca94615de.png" data-gid="gid://syiq/Photo/272003">Performance-wise, <a data-gid="gid://syiq/Yacht/13007" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aetos24.38m (79'12&quot;)Cantieri Navali Rizzardi1999">Aetos</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> 1,800 horsepower engines, which provide her with a comfortable cruising speed of 22 knots.<img src="https://photo-assets.superyachttimes.com/photo/272000/image/large-58cc8e59f9cd93955bb2c2f1c6d59fc7.jpeg" data-gid="gid://syiq/Photo/272000">

24m Posillipo motor yacht Aetos sold

The 24m Posillipo motor yacht Aetos sold in an in-house deal at IYC. 

24m Posillipo motor yacht Aetos sold in-house

Delivered in 2020 from Italy, the 28.72-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/8954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash II28.72m (94'3&quot;)Azimut Yachts2020">Bash II</a> has entered the market. The <a href="https://www.superyachttimes.com/yachts/bash-ii/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Bash II, for sale</a>, has been meticulously maintained over the years and is in turnkey condition for her new owner.<img src="https://photo-assets.superyachttimes.com/photo/189000/image/large-77b4bf2bc3e73bd2f99f91bd65d37db2.jpg" data-gid="gid://syiq/Photo/189000">As part of the <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> S10 series, <a data-gid="gid://syiq/Yacht/8954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash II28.72m (94'3&quot;)Azimut Yachts2020">Bash II</a> is designed with performance in mind. The stylish sports <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> features refined and contemporary exterior lines from <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a>, with naval architecture by her builder <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/271843/image/large-17268c560c6006e897ad45b040906871.png" data-gid="gid://syiq/Photo/271843"><img src="https://photo-assets.superyachttimes.com/photo/271842/image/large-6ffc15daf955e16b4f5e78695ecc4365.png" data-gid="gid://syiq/Photo/271842"><img src="https://photo-assets.superyachttimes.com/photo/271844/image/large-2667a0cd08a8c6e60d6475fc989a8b14.png" data-gid="gid://syiq/Photo/271844">With interior design from <a data-gid="gid://syiq/Company/4541" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Guida Design (Company)">Francesco Guida Design</a>, <a data-gid="gid://syiq/Yacht/8954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash II28.72m (94'3&quot;)Azimut Yachts2020">Bash II</a> boasts a light and airy layout and a spacious open-plan main saloon. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> is characterised by her wide windows which allow for plenty of natural light and stunning ocean views. <img src="https://photo-assets.superyachttimes.com/photo/271846/image/large-f52cc2494d3b3616e64be061efa6cb18.png" data-gid="gid://syiq/Photo/271846"><img src="https://photo-assets.superyachttimes.com/photo/271823/image/large-ee173334ae81f729b058c2e191b0a554.png" data-gid="gid://syiq/Photo/271823">The brilliantly appointed interior of <a data-gid="gid://syiq/Yacht/8954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash II28.72m (94'3&quot;)Azimut Yachts2020">Bash II</a> accommodates up to eight guests across a four stateroom configuration. The generously sized master suite includes a chaise lounge, a vanity desk, and plenty of personal storage.<img src="https://photo-assets.superyachttimes.com/photo/271824/image/large-6e0da1b66a9803369ba94ead68e19d79.png" data-gid="gid://syiq/Photo/271824"><img src="https://photo-assets.superyachttimes.com/photo/271826/image/large-637e16a9ec3654e97639c325f26f60dd.png" data-gid="gid://syiq/Photo/271826"><img src="https://photo-assets.superyachttimes.com/photo/271825/image/large-2176db81a392bbf4e4332e201ae9b67d.png" data-gid="gid://syiq/Photo/271825">The remaining guest staterooms onboard <a data-gid="gid://syiq/Yacht/8954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash II28.72m (94'3&quot;)Azimut Yachts2020">Bash II</a> include two VIP suites with queen-sized beds and a twin stateroom, adorned with the same stylistic cues. The <a href="https://www.superyachttimes.com/yachts/azimut/for-sale" rel="noopener noreferrer" target="_blank" title="">Azimut yacht for sale</a> can also host a crew of four.<img src="https://photo-assets.superyachttimes.com/photo/271836/image/large-5ad9cca73b6b741c31c1cd3fe341086a.png" data-gid="gid://syiq/Photo/271836"><img src="https://photo-assets.superyachttimes.com/photo/271831/image/large-6f73cade93714203343d9d5df7bd3643.png" data-gid="gid://syiq/Photo/271831">The exterior bow of <a data-gid="gid://syiq/Yacht/8954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash II28.72m (94'3&quot;)Azimut Yachts2020">Bash II</a> includes a wide sweeping lounge area, with sumptuous sunpads and sofas for guests to enjoy. Her innovative layout allows for an alfresco dining area surrounded by teak and steel elements for a fresh and modern look.<img src="https://photo-assets.superyachttimes.com/photo/271828/image/large-5366a53903582d6c875815e8b9f06fd6.png" data-gid="gid://syiq/Photo/271828"><img src="https://photo-assets.superyachttimes.com/photo/271838/image/large-75db7e3f02578baf61c8e1cd3af7e72a.png" data-gid="gid://syiq/Photo/271838">Regarding performance, <a data-gid="gid://syiq/Yacht/8954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash II28.72m (94'3&quot;)Azimut Yachts2020">Bash II</a> features a lightweight fibreglass hull and 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> engines. <a data-gid="gid://syiq/Yacht/8954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash II28.72m (94'3&quot;)Azimut Yachts2020">Bash II</a> certainly packs a punch in terms of propulsion and she can reach an exhilarating top speed of 35 knots.<img src="https://photo-assets.superyachttimes.com/photo/271840/image/large-d7a37e9a66fbf1cfb75884c19dc7fcd8.png" data-gid="gid://syiq/Photo/271840">

29m Azimut motor yacht Bash II for sale

The 29m Azimut motor yacht Bash II for sale has been designed with performance in mind and can reach a top speed of 35 knots.

29m Azimut motor yacht Bash II enters the market

The 29.1-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/7015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Memories Too 29.1m (95'6&quot;)Azimut Yachts2018">Memories Too</a> sold in a deal with Onur Erardag of <a data-gid="gid://syiq/Company/4569" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautique Yachting Turkey (Company)">Nautique Yachting</a> introducing the buyer and Dimitris Kyriazakos of <a data-gid="gid://syiq/Company/2510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="EKKA Yachts (Company)">EKKA Yachts</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/117821/image/large-e28772387ec769d8a34a00ff32ad4805.jpg" data-gid="gid://syiq/Photo/117821"><a data-gid="gid://syiq/Yacht/7015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Memories Too 29.1m (95'6&quot;)Azimut Yachts2018">Memories Too</a> was delivered in 2018 as part of the <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> Grande 30 Metri series. The flybridge yacht features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, with naval architecture from her builder Azimut Yachts.<img src="https://photo-assets.superyachttimes.com/photo/244678/image/large-b4ab1f629242ec3a27b042cb2c8f846a.png" data-gid="gid://syiq/Photo/244678"><img src="https://photo-assets.superyachttimes.com/photo/244691/image/large-05db4c0e77988b06b4b6b5ca135dc018.png" data-gid="gid://syiq/Photo/244691"><img src="https://photo-assets.superyachttimes.com/photo/244681/image/large-904c2270d64040c186ff78d9e782ccde.png" data-gid="gid://syiq/Photo/244681"><img src="https://photo-assets.superyachttimes.com/photo/244675/image/large-9be7ef10ecea85f9ce450b42470a2d06.png" data-gid="gid://syiq/Photo/244675">With 163 GT of interior space, and an interior design by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a>, <a data-gid="gid://syiq/Yacht/7015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Memories Too 29.1m (95'6&quot;)Azimut Yachts2018">Memories Too</a> can comfortably sleep up to 12 guests across five staterooms. Her layout consists of one master located on the main deck, with guests looked after by a crew of five.<img src="https://photo-assets.superyachttimes.com/photo/244694/image/large-85b2f1a3d9dedd4a96af9c23007fff44.png" data-gid="gid://syiq/Photo/244694"><img src="https://photo-assets.superyachttimes.com/photo/244693/image/large-990fd4bd3bbdafc6787859b38bda8166.png" data-gid="gid://syiq/Photo/244693"><img src="https://photo-assets.superyachttimes.com/photo/244683/image/large-238da965ad7fa325185304bd04a54ed3.png" data-gid="gid://syiq/Photo/244683"><img src="https://photo-assets.superyachttimes.com/photo/117826/image/large-741a4c6ba2c528bd8928f42581c92830.jpg" data-gid="gid://syiq/Photo/117826">With a volume of 163 GT, <a data-gid="gid://syiq/Yacht/7015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Memories Too 29.1m (95'6&quot;)Azimut Yachts2018">Memories Too</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> 16V 2000 M86 with 2,400 horsepower each. She can run at a top speed of 28 knots and cruise comfortably at 22 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/7015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Memories Too 29.1m (95'6&quot;)Azimut Yachts2018">Memories Too</a> had a last known asking price of €6,100,000.<img src="https://photo-assets.superyachttimes.com/photo/116832/image/large-b9e73bb20d5622ab8090d5231a012f7b.jpeg" data-gid="gid://syiq/Photo/116832">

29m Azimut yacht Memories Too sold

The 29m Azimut motor yacht Memories Too sold with a last known asking price of €6,100,000.

29m Azimut motor yacht Memories Too sold

The <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> Group has announced the launch of the third hull in the 49.9-metre Mangusta Oceano 50 series. Also known as <a data-gid="gid://syiq/Yacht/11170" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salerno49.9m (163'9&quot;)Overmarine Group SPA2023">Project Salerno</a>, she was launched from the <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> shipyard in Pisa Navicelli, Italy and is characterised by her generous interior and exterior spaces.<img src="https://photo-assets.superyachttimes.com/photo/271945/image/large-3c5054aac0d99d55fd85a430f59f2397.jpg" data-gid="gid://syiq/Photo/271945">The 499 GT steel and aluminium displacement yacht has been designed and developed jointly by <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a>’s technical departments, designer <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini</a>, and <a data-gid="gid://syiq/Company/4331" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="P.L.A.N.A. Design (Company)">P.L.A.N.A. Design</a> of engineer Ausonio.“Both interior and exterior furniture and furnishings have been designed by our interior design team to become a bespoke garment that will perfectly fit the Owner's wishes and requests", explained Mangusta Sales Manager Nicolò Strocco, who secured the sale of this hull.<img src="https://photo-assets.superyachttimes.com/photo/271944/image/large-05542b02bef202c1eb04b3b56474de59.jpg" data-gid="gid://syiq/Photo/271944">The Mangusta Oceano 50 yacht offers generous interior and exterior spaces with large floor-to-ceiling windows to create a seamless continuity between the two spaces. She features a six stateroom layout for up to 12 guests, as well as six cabins for a crew of 11.Her 52 square-metre owner’s suite is located on the main deck and features a fully-automated balcony which gives unprecedented views of the horizon.The Mangusta Oceano 50 yacht’s beach area is connected over three terraces at water level to create the closest contact to the sea. Her bow area also features a stylish cockpit and garage, that once the tender has been launched gives access to a large infinity pool. A second pool can also be found on the spacious sun deck. <img src="https://photo-assets.superyachttimes.com/photo/73471/image/large-11030963c1825b71bf58b95a6fabbfae.jpg" data-gid="gid://syiq/Photo/73471">In terms of performance, the Mangusta Oceano 50 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> 1,700 horsepower engines that help her achieve a top speed of 16 knots. With a range of 4,500 nautical miles she can cruise at a speed of 11 knots.&nbsp;There are currently six more Mangusta Oceano series yachts in construction at the Pisa shipyard. The series also includes a new 44-metre model, of which the first unit, <a data-gid="gid://syiq/Yacht/11815" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sagas44.47m (145'11&quot;)Overmarine Group SPA2022">Sagas</a> was presented last year at the <a data-gid="gid://syiq/Event/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2022">Monaco Yacht Show</a>.The next vessels in the Mangusta Oceano line available for sale will be a Mangusta Oceano 44 and a Mangusta Oceano 50, ready for delivery in the summer of 2025 and in the summer of 2026, respectively.<img src="https://photo-assets.superyachttimes.com/photo/105631/image/large-243e7dabb7933523019996d0af871576.jpg" data-gid="gid://syiq/Photo/105631">(Please note: The first image in this article is of the first hull in the series and is used for illustrative purposes)

Third Mangusta Oceano 50 superyacht launched

The third hull in the Mangusta Oceano 50 superyacht series was launched from the Overmarine shipyard in Pisa Navicelli, Italy.

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Third Mangusta Oceano 50 superyacht Project Salerno launched in Italy 

<a data-gid="gid://syiq/Company/217" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Westport Yachts (Company)">Westport Yachts</a> has delivered the eighth Hull of the W125 motor yacht series, <a data-gid="gid://syiq/Yacht/11697" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seas the Day38.1m (125'0&quot;)Westport Yachts2023">Seas the Day</a>. Following an exciting launch and successful sea trials just last week, the owner took possession of the vessel in Westport, Washington, just yesterday. Embarking on a grand adventure, the motor yacht will grace the Pacific Northwest and Alaska waters throughout the summer.<img src="https://photo-assets.superyachttimes.com/photo/270498/image/large-845065af87a62917c8db0e83ffbcf746.jpg" data-gid="gid://syiq/Photo/270498">Setting a new standard for luxury, the W125, <a data-gid="gid://syiq/Yacht/11697" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seas the Day38.1m (125'0&quot;)Westport Yachts2023">Seas the Day</a> can accommodate up to eight guests onboard. Boasting an innovative hull design crafted by Westport, this composite yacht redefines the notion of cruising in style.<img src="https://photo-assets.superyachttimes.com/photo/20832/image/large-2b7950dcbd5ca4f51d489e7ff4839dde.png" data-gid="gid://syiq/Photo/20832"><img src="https://photo-assets.superyachttimes.com/photo/20833/image/large-3a38edf605950e3b6edea2bedeedd0e5.jpg" data-gid="gid://syiq/Photo/20833">Through the implementation of advanced three-dimensional modelling and structural software utilised in the aviation realm, <a data-gid="gid://syiq/Yacht/11697" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seas the Day38.1m (125'0&quot;)Westport Yachts2023">Seas the Day</a> has achieved every benchmark in terms of speed, ride, manoeuvrability, integrity, and uncompromising quality.<img src="https://photo-assets.superyachttimes.com/photo/271955/image/large-0b8813339a77d808e2a1168e2ea584f5.jpg" data-gid="gid://syiq/Photo/271955">

Westport delivers 8th hull of the Westport 125 series,  Seas the Day

Westport Yachts announced they delivered the 8th hull of the Westport 125 motor yacht,  Seas the Day. 

Westport delivers 8th hull of the Westport 125 series, Seas the Day

The 30.98-metre <a data-gid="gid://syiq/Company/362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leopard Yachts (Company)">Leopard</a> motor <a href="https://www.superyachttimes.com/yachts/estel-10d6584e-1329-490a-9bf9-cd6011184da1/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Estel for sale</a> has entered the market in turnkey condition. The charter-ready yacht offers the perfect opportunity to those looking to be on the water this summer, with her owner keen to secure a quick.<img src="https://photo-assets.superyachttimes.com/photo/271818/image/large-1b4c31a229d9dd28992c7202386a6bba.jpg" data-gid="gid://syiq/Photo/271818">Delivered in 2006 as part of the <a data-gid="gid://syiq/Company/362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leopard Yachts (Company)">Leopard</a> 31M series, <a data-gid="gid://syiq/Yacht/1853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Estel30.98m (101'8&quot;)Leopard Yachts2006">Estel</a> has been built to perform and is able to reach some exhilarating speeds. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features exterior design penned by <a data-gid="gid://syiq/Company/409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andrea Bacigalupo (Company)">Andrea Bacigalupo</a>, while <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> were responsible for her naval architecture and interior design.<img src="https://photo-assets.superyachttimes.com/photo/271805/image/large-cff2fcbf6a735ea446e2fec6bc14de8c.jpg" data-gid="gid://syiq/Photo/271805"><img src="https://photo-assets.superyachttimes.com/photo/271804/image/large-ffb635d632026ceadd489dbc187f8a4e.jpg" data-gid="gid://syiq/Photo/271804">Previously known as RG 512, <a data-gid="gid://syiq/Yacht/1853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Estel30.98m (101'8&quot;)Leopard Yachts2006">Estel</a> is characterised by her contemporary and modern interior design. Full-height sliding glass doors open from the main deck aft into her open-plan main saloon, with plush sofa and tables either side of her sweeping glass windows.<img src="https://photo-assets.superyachttimes.com/photo/271806/image/large-89253907207bb1756ecd9e182bba99bb.jpg" data-gid="gid://syiq/Photo/271806">With 131 GT of interior space, the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> uses every inch to enhance life onboard. Forward in the main saloon is a sit-up bar illuminated by the natural light of four skylights, and ahead of that is the bridge with three helm seats.<img src="https://photo-assets.superyachttimes.com/photo/271807/image/large-47a7c4d865b59ae10d47fa1105beeafa.jpg" data-gid="gid://syiq/Photo/271807"><img src="https://photo-assets.superyachttimes.com/photo/271812/image/large-a56abff9b3a2715f1f0ab185c9f6841a.jpg" data-gid="gid://syiq/Photo/271812"><img src="https://photo-assets.superyachttimes.com/photo/271808/image/large-101767c07fd08d83960b192ffce404ab.jpg" data-gid="gid://syiq/Photo/271808"><a data-gid="gid://syiq/Yacht/1853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Estel30.98m (101'8&quot;)Leopard Yachts2006">Estel</a> is able to comfortably sleep up to nine guests in four sumptuous suites on the lower deck. Her full-beam owner’s suite is complete with sofa seating to port, a vanity table to starboard, a generously sized wardrobe and his-and-hers ensuite bathrooms.<img src="https://photo-assets.superyachttimes.com/photo/271813/image/large-d51ff8803339818f84dbeb0a30dfe396.jpg" data-gid="gid://syiq/Photo/271813"><img src="https://photo-assets.superyachttimes.com/photo/271810/image/large-3ad42c26d5c07b336dd6a117437e8337.jpg" data-gid="gid://syiq/Photo/271810">The remaining guest staterooms consist of a full-beam double VIP stateroom in the bow, a double and a twin stateroom with additional pullman berth, all of which have ensuite bathrooms. <a data-gid="gid://syiq/Yacht/1853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Estel30.98m (101'8&quot;)Leopard Yachts2006">Estel</a> can also accommodate a crew of four.<img src="https://photo-assets.superyachttimes.com/photo/271821/image/large-9ca5e9cbf70c9ca92a38daa745a611fa.jpg" data-gid="gid://syiq/Photo/271821"><img src="https://photo-assets.superyachttimes.com/photo/271814/image/large-acc4687ac985058dc0e3634b26397089.jpg" data-gid="gid://syiq/Photo/271814">The exterior spaces of <a data-gid="gid://syiq/Yacht/1853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Estel30.98m (101'8&quot;)Leopard Yachts2006">Estel</a> have been designed with relaxation in mind. Walkaround side decks connect her foredeck and main deck, both of which are fitted with large sunpads. Guests are also able to dine alfresco under the partially shaded overhang.<img src="https://photo-assets.superyachttimes.com/photo/271817/image/large-e17425aaf5e87e5b08fcaf300a5fc8c7.jpg" data-gid="gid://syiq/Photo/271817"><img src="https://photo-assets.superyachttimes.com/photo/271816/image/large-3f3a1af3d318cbb70d4ab61277b52aa1.jpg" data-gid="gid://syiq/Photo/271816">With a low draft of 1.2-metres, <a data-gid="gid://syiq/Yacht/1853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Estel30.98m (101'8&quot;)Leopard Yachts2006">Estel</a> is able to travel to even the most remote and secluded locations. Steps lead down to her swim platform that allows for direct access to the water, as well as her garage. <a data-gid="gid://syiq/Yacht/1853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Estel30.98m (101'8&quot;)Leopard Yachts2006">Estel</a> is able to accommodate a four-metre Avon Seasport jet tender, Sea-Doo, <a data-gid="gid://syiq/Company/3590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seabob Adriatic (Company)">SeaBobs</a> and SUPs.<img src="https://photo-assets.superyachttimes.com/photo/271819/image/large-38cbf1f744fdb9b05c53e363851f35e5.jpg" data-gid="gid://syiq/Photo/271819"><a data-gid="gid://syiq/Yacht/1853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Estel30.98m (101'8&quot;)Leopard Yachts2006">Estel</a> received a full machinery refit in 2021 and is equipped with triple 1,800 horsepower <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> diesel engines. The <a href="https://www.superyachttimes.com/yachts/leopard/for-sale" rel="noopener noreferrer" target="_blank" title="">Leopard yacht for sale</a> is able to reach a lightning-fast top speed of 40 knots and an impressive cruising speed of 30 knots.<img src="https://photo-assets.superyachttimes.com/photo/271820/image/large-373ec2399f9f18ae7d70aace76b6a6a7.jpg" data-gid="gid://syiq/Photo/271820">

31m Leopard yacht Estel enters the market

The Leopard 31M motor yacht Estel for sale is in turnkey condition and charter-ready for the summer season.

31m Leopard motor yacht Estel for sale

The 26-metre <a data-gid="gid://syiq/Company/418" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cammenga (Company)">Cammenga</a> motor yacht <a data-gid="gid://syiq/Yacht/6732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Five Angels26.0m (85'4&quot;)Cammenga1974">Five Angels</a> has been sold. The 1974-launched motor yacht was sold in house by the team at <a data-gid="gid://syiq/Company/1021" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Vliet Quality Yachts (Company)">Van der Vliet Dutch Quality Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/223252/image/large-900c3ab88e0ec91b1f8deb5c6383340b.jpeg" data-gid="gid://syiq/Photo/223252"><a data-gid="gid://syiq/Yacht/6732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Five Angels26.0m (85'4&quot;)Cammenga1974">Five Angels</a> is one of the famous 85 Pacific series, a fine example of the proven timeless solid steel yachts built in the Netherlands. Her volume and practical layout designed by <a data-gid="gid://syiq/Company/11" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Vries Lentsch (Company)">De Vries Lentsch</a> makes her an ideal family yacht to cruise in style and elegance.<img src="https://photo-assets.superyachttimes.com/photo/223248/image/large-5da9fd8a991d3ec5ef85264f2ba2a21f.jpeg" data-gid="gid://syiq/Photo/223248"><a data-gid="gid://syiq/Company/1021" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Vliet Quality Yachts (Company)"><img src="https://photo-assets.superyachttimes.com/photo/223249/image/large-3efbc5b8ef564ea3d55ebae34dd70946.jpeg" data-gid="gid://syiq/Photo/223249">Van der Vliet Quality Yachts</a> broker Jeroen van der Vliet, commented, "<a data-gid="gid://syiq/Yacht/6732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Five Angels26.0m (85'4&quot;)Cammenga1974">Five Angels</a> has always been well looked after and is an excellent opportunity to acquire a real gentleman’s yacht. She comes with a first-class pedigree in her size range and will appeal to the discerning yachtsmen who is looking for a solid, long-range classic yacht. Her trawler styled hull will take you everywhere under all conditions by her twin engines. Three cabins (for owner and guests) offer a total of seven berths. For the crew there are five berths in three cabins. The galley and settee provide a perfect combination for a crew mess.”<img src="https://photo-assets.superyachttimes.com/photo/223250/image/large-084ff9534f4066112ce33015542b1b63.jpeg" data-gid="gid://syiq/Photo/223250"><img src="https://photo-assets.superyachttimes.com/photo/223247/image/large-7219212c2dcd6578775ca135f7c84323.jpeg" data-gid="gid://syiq/Photo/223247">On deck, the motor yacht features a comfortable upper deck with sun loungers and moveable furniture. She also features an al fresco dining area on her main deck.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/223253/image/large-f1743ca7e36875fc9bc4d0f3dee1810f.jpeg" data-gid="gid://syiq/Photo/223253">The yacht has now been delivered to her new owners.

Cammenga motor yacht Five Angels sold

The 26m Cammenga motor yacht Five Angels has been sold.

26m Cammenga motor yacht Five Angels sold

Despite being delivered in 2016, the interiors onboard the 72-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/5726" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cloudbreak72.28m (237'2&quot;)Abeking & Rasmussen2016">Cloudbreak</a> have remained timeless. SuperYacht Times takes a closer look onboard at the interiors crafted by <a data-gid="gid://syiq/Company/331" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liaigre (Company)">Liaigre</a>, featuring an expansive wellness suite.<img src="https://photo-assets.superyachttimes.com/photo/19594/image/large-3f9e251465d7e3ea3cc021037ba8a1d0.jpg" data-gid="gid://syiq/Photo/19594"><img src="https://photo-assets.superyachttimes.com/photo/271540/image/large-39415650b5164e8dca94d958815db274.jpg" data-gid="gid://syiq/Photo/271540"><a data-gid="gid://syiq/Company/331" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liaigre (Company)">Liaigre</a> meticulously crafted a classical interior design, adopting natural materials and opting for a neutral palette, such as two-toned pine wooden paneling interweaved with camel-coloured and linen ph-d furnishings, for the expansive 2,308 GT explorer yacht. Taking inspiration from the owner’s two hobbies of heli-ski and surfing, the superyacht acts as a traditional explorer yacht with functionality at the core for leisurely practices with the feeling of a beach house turned chalet interior design, where guests onboard can unwind and feel at home. <img src="https://photo-assets.superyachttimes.com/photo/271554/image/large-fdd8bbe191e335dadf974bb64653a3be.jpg" data-gid="gid://syiq/Photo/271554"><a data-gid="gid://syiq/Yacht/5726" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cloudbreak72.28m (237'2&quot;)Abeking & Rasmussen2016">Cloudbreak</a> exhibits exterior design by award-winning Monaco-based designer <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino</a>, who crafted a sleek and classical explorer yacht design that informs the interior design. Onboard, the <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 can accommodate up to 12 guests across six contemporary staterooms, who are taken care of by a crew of 22.<img src="https://photo-assets.superyachttimes.com/photo/271565/image/large-67eed11a957ffd1abc7bd49e84d712e6.jpg" data-gid="gid://syiq/Photo/271565" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Entering the main saloon, curving lines and silhouettes play a vital role. Rounded camel leather sofas are contrasted with linen and cotton furnishings creating a contemporary space that evokes the feeling of warmth onboard. With several seating zones formed around a wooden coffee table, the main saloon is at the heart of the explore yacht’s design when travelling in colder climates. Walking through the saloon, a quieter seating zone features a cosy fireplace complete with armchairs and a serpentine versatile bar area for work and play, again showcasing the ingenuity of <a data-gid="gid://syiq/Yacht/5726" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cloudbreak72.28m (237'2&quot;)Abeking & Rasmussen2016">Cloudbreak</a>, where the design can cater to hot and cold destinations.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/271555/image/large-74faf8a9d13a0910d51b0e4d99262a9e.jpg" data-gid="gid://syiq/Photo/271555"><img src="https://photo-assets.superyachttimes.com/photo/271546/image/large-f372808f0442c2a8548ee5312a72cf1a.jpg" data-gid="gid://syiq/Photo/271546">The dining space within the main saloon exhibits a floor-to-ceiling artwork piece sculpted to the wall for additional splendour and mirroring the outdoor landscapes. A formal seating area can comfortably seat up to eight guests, and vast windows allow the area to be flooded with natural light.<img src="https://photo-assets.superyachttimes.com/photo/271543/image/large-d1495010f14c32dcf15625eb130c03f6.jpg" data-gid="gid://syiq/Photo/271543"><img src="https://photo-assets.superyachttimes.com/photo/271541/image/large-c9a1fb18b8b701c7a3a45a40a8186b35.jpg" data-gid="gid://syiq/Photo/271541">Each bedroom exudes harmonised design choices across the six guest suites onboard the <a data-gid="gid://syiq/Company/331" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liaigre (Company)">Liaigre</a>-designed yacht. Dim-lit underlighting, natural materials, and wooden accents create a peaceful, tranquil atmosphere. The master suite features a large King-size bed, a reading nook with specialised reading lights, a sitting area, and an ensuite with a large jacuzzi bathtub for ultimate privacy onboard.<img src="https://photo-assets.superyachttimes.com/photo/4968/image/large-bf48a2c8bc4f9f1649bfc09924fa74bb.jpg" data-gid="gid://syiq/Photo/4968"><img src="https://photo-assets.superyachttimes.com/photo/271550/image/large-8532622beb10f893af1cda3319945947.jpg" data-gid="gid://syiq/Photo/271550"><img src="https://photo-assets.superyachttimes.com/photo/271551/image/large-237ab6bd179b6e508f806bf59c15a5af.jpg" data-gid="gid://syiq/Photo/271551"><img src="https://photo-assets.superyachttimes.com/photo/271549/image/large-10c5afec4b7296f336f28a460e65cdc0.jpg" data-gid="gid://syiq/Photo/271549">One of the highlights of <a data-gid="gid://syiq/Yacht/5726" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cloudbreak72.28m (237'2&quot;)Abeking & Rasmussen2016">Cloudbreak</a> design is her dedicated wellness suite. In line with the rest of the <a data-gid="gid://syiq/Company/331" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liaigre (Company)">Liaigre</a> interior design onboard, the wellness suite is wrapped in wooden panelling and features curved mirrors, reflective pillars, and rounded accentuated warm lighting to enhance the feeling of comfort further onboard. A yoga studio, fully equipped gym, professional massage room, plunge pool, and sauna takes the yacht to new heights of luxury onboard. <img src="https://photo-assets.superyachttimes.com/photo/271561/image/large-662d322a394d41b57fcf91216025b70a.jpg" data-gid="gid://syiq/Photo/271561"><img src="https://photo-assets.superyachttimes.com/photo/271559/image/large-f0cfd11b83fb83879b3241335c1c5ee8.jpg" data-gid="gid://syiq/Photo/271559"><img src="https://photo-assets.superyachttimes.com/photo/271544/image/large-e478888ef41170a9c409a5dd75c2bafd.jpg" data-gid="gid://syiq/Photo/271544"><img src="https://photo-assets.superyachttimes.com/photo/271545/image/large-d94068b500cd592e23a3e7480ba9f93c.jpg" data-gid="gid://syiq/Photo/271545">Aft deck, the explorer yacht takes on a casual decor, with rattan chairs, padded white seating outdoors, and plenty of room for alfresco dining and outdoor activities, which can be shielded from the elements in colder climates and opened up to the sun in warmer weathers. <img src="https://photo-assets.superyachttimes.com/photo/271548/image/large-eb1eadbcd5e6b2c68c77006da209a89c.jpg" data-gid="gid://syiq/Photo/271548"><img src="https://photo-assets.superyachttimes.com/photo/271557/image/large-a9ac36bc3a2c1ae1150500fe627591f9.jpg" data-gid="gid://syiq/Photo/271557"><img src="https://photo-assets.superyachttimes.com/photo/271552/image/large-a2449e7dd313f5c8e57c9ff2d2f62f79.jpg" data-gid="gid://syiq/Photo/271552">Entering the exterior onboard <a data-gid="gid://syiq/Yacht/5726" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cloudbreak72.28m (237'2&quot;)Abeking & Rasmussen2016">Cloudbreak</a>, guests onboard can indulge in many water sports, a request of the owner, with a fully stocked tender garage, sundeck swimming pool, alfresco dining area on the aft, an abundance of soft furnishings for sun-soaking, and a helipad.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/271553/image/large-6e00b378eecc223f6478b94fc1ec00ff.jpg" data-gid="gid://syiq/Photo/271553"><img src="https://photo-assets.superyachttimes.com/photo/271560/image/large-088c1709881a4e99631a1128c0162b68.jpg" data-gid="gid://syiq/Photo/271560"><img src="https://photo-assets.superyachttimes.com/photo/271563/image/large-b4dbd35a22e4eac4848134ebb6d1ce83.jpg" data-gid="gid://syiq/Photo/271563">The <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a> yacht was designed for exploring, and therefore, she is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, which give her a cruising speed of 12 knots and a top speed of 15 knots. <a data-gid="gid://syiq/Yacht/5726" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cloudbreak72.28m (237'2&quot;)Abeking & Rasmussen2016">Cloudbreak</a> is currently available for charter with <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a>.&nbsp;

Onboard 72m Abeking & Rasmussen explorer yacht Cloudbreak

Take a closer look at the Liaigre interior design onboard 72-metre Abeking & Rasmussen explorer yacht Cloudbreak.