Desaru Coast has announced a strategic partnership with <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15 Marina</a>, a subsidiary of Singapore-based SUTL Enterprise, to develop and operate new maritime facilities at the Desaru Coast Ferry Terminal. The partnership was formalised during the <a data-gid="gid://syiq/Event/283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Singapore Yachting Festival - 2025">Singapore Yachting Festival</a> 2025, held at <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15 Marina</a> Sentosa Cove.<img src="https://photo-assets.superyachttimes.com/photo/357202/image/large-f60255de715ef68bacf593f7f5add979.jpg" data-gid="gid://syiq/Photo/357202">The agreement, which brings together two leading names in leisure and marina development, aims to strengthen Desaru Coast’s position as a key lifestyle destination on the southeastern coast of Johor, Malaysia.Under the new arrangement, <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15 Marina</a> Desaru Coast will manage both wet and dry berths and introduce a portfolio of sailing events and luxury yacht charters designed to attract both regional and international yacht owners and guests.<img src="https://photo-assets.superyachttimes.com/photo/357199/image/large-17d809c344e32d893a8b02ed6d680ff1.jpg" data-gid="gid://syiq/Photo/357199">“This partnership is the manifestation of the strong bilateral cooperation between Singapore and Johor with the impending Johor-Singapore Special Economic Zone and demonstrates investor confidence in Desaru Coast,” said Karina Ridzuan, Director of Business Services at Destination Resorts and Hotels Sdn. Bhd, the parent company of Desaru Ferry Sdn. Bhd.Already known for its beachfront resorts, world-class golf courses and wellness retreats, Desaru Coast is now positioning itself to play a more prominent role in the regional yachting circuit.&nbsp;The newly launched marina will offer visiting yachts improved access to the Malaysian coastline, while also providing enhanced infrastructure for private yacht charters, regattas and marine leisure activities.<img src="https://photo-assets.superyachttimes.com/photo/357201/image/large-f0812a83088a94b9bc1cca2f106ef0ad.jpg" data-gid="gid://syiq/Photo/357201">Arthur Tay, Executive Director and CEO of SUTL Enterprise, commented: “I’m excited about our partnership with Desaru Coast as we welcome a new marina personality into the growing ONE°15 network of marinas across Asia. My vision is to deliver unique experiences that enrich our community of members, boaters, and yachting enthusiasts across the region.”The announcement, made during a press event at the Desaru Coast booth on the second day of the <a data-gid="gid://syiq/Event/283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Singapore Yachting Festival - 2025">Singapore Yachting Festival</a>, also highlighted the destination’s upcoming cultural event, Ombak Festival 2025, scheduled for September.&nbsp;Festival guests will be among the first to experience the new marina and its offerings, combining maritime exploration with music, arts and cultural programming.<img src="https://photo-assets.superyachttimes.com/photo/357200/image/large-a1adeab8dc82575930b00a73721b45bd.jpg" data-gid="gid://syiq/Photo/357200">“Each year, Desaru Coast proudly hosts Ombak Festival, our signature international celebration of music, arts and culture,” Ridzuan added. “We look forward to welcoming the yachting community to experience the Ombak Festival with us this year.”Beyond bolstering tourism and connectivity between Johor and Singapore, the collaboration is also geared towards long-term community investment, with plans for maritime education initiatives and talent development in the pipeline.“We are delighted to partner with the esteemed <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15 Marina</a> to introduce premium marina facilities and curated sailing experiences at the Desaru Coast Ferry Terminal,” concluded Ridzuan.&nbsp;Stay up-to-date with all the latest marina newsFor comprehensive coverage of the global marina industry, visit <a href="https://www.marinaworld.com/" rel="noopener noreferrer" target="_blank" title="">Marina World</a> – the dedicated source for marina development, infrastructure and innovation. &nbsp;

Desaru Coast and ONE°15 Marina to launch new yachting hub in Malaysia

Arthur Tay, Executive Director and CEO of SUTL Enterprise; Karina Ridzuan, Director of Business Services, Destination Resorts and Hotels Sdn. Bhd; and Izrin Hashim, Chief Operating Officer, Desaru Coast.

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ONE°15 Marina Sentosa Cove

Desaru Coast Ferry Terminal

Desaru Coast has announced a strategic partnership with ONE°15 Marina to develop new maritime facilities at the Desaru Coast Ferry Terminal.

<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> has announced the appointment of Evan Kortmann as Chief Executive Officer, succeeding Enrico Theuns, who has led the company since 2023.<img src="https://photo-assets.superyachttimes.com/photo/399351/image/large-0b3b67f3579803bdd2cecd343234633d.jpg" data-gid="gid://syiq/Photo/399351">Theuns was originally appointed as CEO through a planned three-year transition following the retirement of founder Wim van der Valk in April 2024. During his tenure, <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> expanded into the 30 metre segment and further strengthened their position in the superyacht market.&nbsp;Read more: <a data-gid="gid://syiq/Article/60237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard announces retirement of founder and management buyout (2024-04-22 09:30:00 +0200)">Van der Valk Shipyard announces retirement of founder and management buyout</a><img src="https://photo-assets.superyachttimes.com/photo/314045/image/large-e3b7cc6745248f659ccfc2d9b2962713.jpg" data-gid="gid://syiq/Photo/314045">“Leading <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> over the past three years has been a rewarding experience,” commented Enrico Theuns. “I am proud of what we have accomplished together and grateful to our employees, clients, co-makers and partners for their commitment and support throughout this period.”Evan Kortmann joins the management team alongside Technical Director Bram Kooltjes and Commercial Director Yoeri Bijker. Theuns will remain involved during the coming months to &nbsp;ensure a smooth transition and support the handover of his responsibilities.Kortmann joins <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> from <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> where he acted as Chief Executive Officer following the semi-retirement of Daan Balk in 2023. Evan joined Balk the year prior as Chief Commercial Officer before transitioning to CEO.&nbsp;Read more: <a data-gid="gid://syiq/Article/58021" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard appoints Evan Kortmann as CEO as Daan Balk steps down (2023-07-04 16:45:00 +0200)">Balk Shipyard appoints Evan Kortmann as CEO as Daan Balk steps down</a><img src="https://photo-assets.superyachttimes.com/photo/351424/image/large-efe5e4f30ffe75940f3be9e197745b18.jpg" data-gid="gid://syiq/Photo/351424">“<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> has built a strong international reputation for delivering high-quality custom yachts,” explained Kortmann. “Our focus on fully custom yachts between 200 and 500 GT allows owners to create a yacht that reflects their individual requirements, while benefiting from the experience and craftsmanship of our team.”“I look forward to working with our clients, colleagues and partners as we continue developing the company and delivering yachts that meet the highest standards of quality and craftsmanship.”

Evan Kortmann appointed CEO of Van der Valk Shipyard

Van der Valk Shipyard has announced the appointment of Evan Kortmann as Chief Executive Officer.

Van der Valk Shipyard appoints Evan Kortmann as CEO

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has been granted 60 days to submit its final restructuring plan after the Court of Florence formally opened proceedings under Article 44 of Italy's Crisis and Insolvency Code.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">The court approved the company's application, filed on 1 July, and appointed three judicial commissioners to oversee the process. In its order, the court said <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> proposed restructuring appears to be structured with the objective of preserving the company as a going concern.The company said business activities will continue as normal under the protection of court-ordered measures that prevent creditor enforcement actions during the restructuring. The 60-day deadline may be extended by the court if necessary.<img src="https://photo-assets.superyachttimes.com/photo/299411/image/large-fafd2b9bd13d4cf6c4cf377a2ccb8a27.png" data-gid="gid://syiq/Photo/299411">The filing marks a further step in <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG’s</a> restructuring process after the company said it could no longer pursue a turnaround solely within Italy’s negotiated settlement framework. Its board resolved on 30 June to seek protection under Article 44, with the application filed the following day.Read: <a data-gid="gid://syiq/Article/66451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG reports over €178 million net financial debt in latest restructuring update (2026-07-01 09:15:00 +0200)">TISG reports over €178 million net financial debt in latest restructuring update</a>In a recent market update, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> disclosed consolidated net financial debt of approximately €178.7 million and €266.8 million in overdue liabilities as of 31 May 2026. The company also confirmed that accumulated losses had <a href="https://www.superyachttimes.com/yacht-news/tisg-enters-restructuring-phase-share-capital-below-legal-minimum" target="_blank">reduced its share capital below the legal minimum</a> required under Italian law.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">Read more:&nbsp;<a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a>Despite missed loan repayments, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> said its lending banks have not accelerated outstanding borrowings while restructuring negotiations continue. The company has also received a €25 million interest-free shareholder loan from controlling shareholder GC Holding to support liquidity during the process.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, which owns the <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a>, <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>, <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> and <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brands, said it will continue operating its new-build and refit businesses while it prepares the restructuring proposal.

TISG granted 60 days to file restructuring plan

The Italian Sea Group (TISG) has been granted 60 days to submit its final restructuring plan.

French catamaran builder <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> has announced a planned leadership transition, with Chief Executive Officer Nicolas Gardies set to retire in 2027 after overseeing the company's development for several years.<img src="https://photo-assets.superyachttimes.com/photo/336108/image/large-030539c248d560fb467ce7d5ce4321c0.png" data-gid="gid://syiq/Photo/336108">The governance changes come as the group, which includes the <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Sailing Catamarans, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot Yachts</a> and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands, prepares for its next phase of growth ahead of its 50th anniversary.Gardies will progressively transition his responsibilities over the coming months to ensure continuity within the business, with Deputy Chief Executive Officer Mathieu Fountaine tasked by the Board of Directors with supporting the next phase of the group's long-term development strategy.The Board has also appointed Stéven Guedeu as Deputy Chief Executive Officer. Guedeu joined the company in 2011and has held a number of commercial leadership positions in the development of both the <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands. In his new role, he will oversee the group's sales and marketing activities, while supporting the execution of its long-term strategy.After more than 20 years, Deputy Chief Executive Officer Romain Motteau’s role has not been renewed. <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> stated that Motteau will continue to oversee the group's international activities, while working on a new strategic project, which is expected to be announced in the coming months.<img src="https://photo-assets.superyachttimes.com/photo/370998/image/large-1dccbc7db8fe06ebede4b4e471e38bab.png" data-gid="gid://syiq/Photo/370998">The company has also expanded its Executive Committee, which now comprises Nicolas Gardies, Mathieu Fountaine, Stéven Guedeu, Group Industrial Director Johan Le Saux, Supply Chain &amp; IT Director Vladimir Popov, Chief Financial Officer Betty Roger, Human Resources Director Mélanie Pouplier and Group Purchasing Director Déborah Pligot.In addition, Jordan Sabot has been appointed Communication &amp; Digital Director, succeeding Hélène de Fontainieu following her 32 years with the company. Sabot will be responsible for leading the group's communications strategy, supporting its international development and accelerating its digital transformation.The governance changes follow the publication of <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a>'s first-half fiscal 2025/26 results, during which the group reported revenue of €136.3 million while maintaining positive profitability. The company said it will continue investing in product development, innovation, the energy transition and the continued growth of its Fountaine Pajot Sailing Catamarans, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Yachts and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands.

Fountaine Pajot CEO Nicolas Gardies to step down

Fountaine Pajot has announced a planned leadership transition, with Chief Executive Officer Nicolas Gardies set to retire in 2027.

Fountaine Pajot CEO Nicolas Gardies to step down following leadership transition

NextBoat has announced a strategic partnership with <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, under which the US-based boating and yacht retailer will adopt <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s AI-powered wholesale platform for the sale of its trade-in and pre-owned inventory.<img src="https://photo-assets.superyachttimes.com/photo/390341/image/large-be765afb7248df37e9b507deb714d575.jpg" data-gid="gid://syiq/Photo/390341">The agreement marks the first time that an enterprise dealer group has adopted the platform as its preferred wholesale partner. Under the arrangement, pre-owned inventory will be evaluated, marketed and sold through <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s nationwide network of wholesale buyers.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates more than 120 locations worldwide and generated more than $2.3 billion in annual revenue. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> believes the partnership will increase transaction volumes across its platform while supporting the growth of its marketplace, data and financing businesses.According to the company, the platform is designed to modernise the wholesale and trade-in process through the use of artificial intelligence, real-time transaction data and a digital marketplace. Features include AI-powered vessel valuations, nationwide wholesale bidding, transaction management tools, automated workflows, inventory analytics and integrated financing and insurance solutions.As part of the agreement, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>'s finance and insurance division, Newcoast, will provide financing and insurance services for transactions originating through the platform. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> said this has the potential to generate recurring revenue through financing activity and insurance policy renewals as transaction volumes increase.“For 15 years, I've believed the marine industry deserved the same technology, transparency and scale that transformed automotive retail,” said Jason Ruegg, Founder and Executive Chairman of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>.&nbsp;“Today, the largest and most respected company in our industry has chosen to deploy the platform we built. We believe that validation speaks not only to what NextBoat has built, but to where this industry is headed.”Ruegg added that the agreement represents the beginning of the enterprise-scale deployment of the company's platform, with financing and insurance expected to become an increasingly important source of recurring revenue.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">In May 2026, it was announced that online marine marketplace <a data-gid="gid://syiq/Article/66120" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales to rebrand as NextBoat (2026-05-19 16:45:00 +0200)">Off The Hook Yacht Sales would officially rebrand</a> as <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> Inc, effective on or about 29 May 2026. The rebrand aimed to reflect the company’s evolution from a traditional yacht brokerage business, into an AI-powered technology platform.As well as this, <a data-gid="gid://syiq/Article/66089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts completes acquisition of Apex Marine Group (2026-05-14 16:30:00 +0200)">Off The Hook Yachts announced it had completed the acquisition</a> of marine, service and storage company, Apex Marine Group. Off The Hook Yachts believes that the Apex acquisition opens the door for additional partnerships, as it expands both its sales and service platforms.Kyle Langbehn, Executive Vice President and President of Retail Operations at <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, commented: “By integrating <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s advanced technology into our pre-owned retail platform, we believe we can improve efficiency while continuing to deliver exceptional service to our customers.”

NextBoat launches strategic partnership with MarineMax 

NextBoat has announced a partnership with MarineMax for the sale of its trade-in and pre-owned inventory using its AI-powered wholesale platform.

<a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> has announced the appointment of Niels Lensen as Sales Director, effective 1 July 2026.<img src="https://photo-assets.superyachttimes.com/photo/398953/image/large-abfc046002b73174bf9884b16561e472.jpg" data-gid="gid://syiq/Photo/398953">Bringing more than three decades of experience across the yachting industry, Niels Lensen will be responsible for all commercial activities at <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> and is the new primary point of contact for yacht refits, ReCrafts, or class surveys.Lensen has worked across the industry in brokerage, new construction, surveys, management, charter, maintenance and refit roles, both in the Netherlands and the Mediterranean.&nbsp;In 2015, Lensen founded <a data-gid="gid://syiq/Company/4837" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NL Marine (Company)">NL Marine</a>, a boutique brokerage house operating between the Netherlands and the French Côte d'Azur, as well as previously holding sales directorships for <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert</a> and <a data-gid="gid://syiq/Company/359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lengers Yachts (Company)">Lengers Yachts</a> France. <img src="https://photo-assets.superyachttimes.com/photo/398954/image/large-4595b189d7933b2c017c760f19863c4b.jpg" data-gid="gid://syiq/Photo/398954">“<a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> has long set the standard for serious refit and ReCraftTM work in the Netherlands, and I am honoured to be joining the team,” explained Lensen. “The craftsmanship, the facilities in Urk, the calibre of projects that come through the yard are a compelling combination. I very much look forward to working with clients who share that same passion for doing things properly.”ReCraftTM refers to <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a>’s registered trademark and reflects their expertise in transforming existing yachts through extensive refit, redesign and technical upgrades, allowing them to restore a yacht to a condition that they believe rivals or even surpasses new-build standards.Lensen will be available throughout the 2026 yacht show season alongside the <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> team at the <a data-gid="gid://syiq/Event/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2026">Cannes Yachting Festival</a>, <a data-gid="gid://syiq/Event/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2026">Monaco Yacht Show</a>, <a data-gid="gid://syiq/Event/346" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metstrade - 2026">Metstrade</a>, <a data-gid="gid://syiq/Event/340" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale International Boat Show - 2026">Fort Lauderdale International Boat Show</a> and <a data-gid="gid://syiq/Event/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2026">Palm Beach International Boat Show</a>.

Royal Balk Shipyard appoints Niels Lensen as Sales Director

Balk Shipyard has announced the appointment of Niels Lensen as Sales Director, effective 1 July 2026.

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has released an updated market disclosure outlining its financial position as of 31 May 2026, providing further insight into the Italian superyacht builder's ongoing restructuring process.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">The filing, published at the request of Italian financial regulator Consob, follows <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> entry into Italy's Negotiated Crisis Settlement procedure in March after the company disclosed internal financial irregularities. It comes weeks after the builder confirmed that accumulated losses had reduced its share capital below the statutory minimum required under Italian law.Read more:&nbsp;<a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a>As of 31 May 2026, the <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG Group</a> reported a consolidated net financial debt of around €178.7 million, including over €154.6 million in bank debt and cash and cash equivalents of approximately €7.5 million. The parent company, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG S.p.A</a>, reported a net financial debt of over €179.6 million.The disclosure also details €266.8 million in overdue liabilities across the group. This comprises over €42.6 million in overdue financial liabilities, over €77.6 million in trade payables, around €98 million owed to factoring companies, over €29.3 million in tax liabilities and over €18.1 million in social security liabilities.<img src="https://photo-assets.superyachttimes.com/photo/278854/image/large-10473eb6d3fdc1c0fbd3a7cdaa4e5d83.jpg" data-gid="gid://syiq/Photo/278854">According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, although the missed repayment of certain loan instalments entitles its lending banks to declare all outstanding borrowings immediately due, they have not exercised this right while negotiations continue under the court-supervised restructuring process.The company also revealed that it has received 30 payment orders from creditors since entering the restructuring procedure on 16 March, representing claims totalling approximately €2 million. Of these, 22 have been settled for an agreed amount of €408,000, while several others have either been challenged, are under negotiation or will be addressed as part of wider financial restructuring discussions.<img src="https://photo-assets.superyachttimes.com/photo/299411/image/large-fafd2b9bd13d4cf6c4cf377a2ccb8a27.png" data-gid="gid://syiq/Photo/299411">The filing confirms that <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> remains protected by measures granted by the Court of Florence on 20 April, which remain in force until 14 July 2026. The company said these measures continue to stay enforcement actions by creditors covered by the court order while negotiations with lenders and other stakeholders progress.Read more:&nbsp;<a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a>The update also provides further details on the €25 million interest-free shareholder loan granted by <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> controlling shareholder, GC Holding S.p.A. The company said the funding was introduced after cost overruns across the majority of its yacht construction contracts reduced operating margins and placed significant pressure on cash flow while production continued on vessels under construction.The shareholder loan is subordinated to the company's bank debt and is repayable by 31 December 2032.An Ordinary Shareholders' Meeting has been convened for 22 July 2026 to consider the company's financial position and the measures required to restore its share capital.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">Moreover, the company’s Board of Directors, which met on 30 June 2026, resolved to file a petition pursuant to Article 44 of Legislative Decree No. 14/2019 (the so-called “domanda prenotativa”), in order to access protective legal measures and safeguard business continuity.The decision follows recent developments in discussion with shipowners, which the company said no longer made it possible to pursue a turnaround solely within the framework of the negotiated settlement procedure. The filing, expected to take place immediately, will allow the company to operate under court protection while preparing a restructuring plan.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> owns the <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a>, <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>, <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> and <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brands, and continues to operate its new-build and refit businesses while the restructuring process remains ongoing.

The Italian Sea Group reports financial debt

The Italian Sea Group (TISG) has released an updated market disclosure outlining its financial position as of 31 May 2026.

TISG reports over €178 million net financial debt in latest restructuring update 

US-based boating and yacht retailer <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has completed the refinancing of its $1.49 billion senior secured credit facilities.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">The company has replaced its existing loans with a new financing package designed to lower borrowing costs, increase financial flexibility and extend the repayment deadline to June 2031.The refinancing includes a $950 million inventory financing facility, a $302.5 million term loan, a $150 million revolving credit facility, which replaces a $100 million facility and an $85 million delayed draw mortgage facility, of which $35 million is currently outstanding and replaces the previous $100 million facility.“This refinancing strengthens our financial position by lowering our borrowing costs, extending our maturity and providing additional liquidity to support the continued execution of our long-term strategy,” explained Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.The financings were led by M&amp;T Bank as Administrative Agent and Joint Lead Arranger, along with Wells Fargo Commercial Distribution Finance as Joint Lead Arranger and Floor Plan Agent.“Successfully completing this transaction on improved terms in today’s marine industry environment underscores the strength of our lender relationships and reflects the confidence they have in our operating performance, disciplined capital allocation, healthy balance sheet and management team,” concluded McLamb.&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">In May 2026</a>, Reuters reported that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> was preparing for a potential sale of the company. One potential buyer had raised its offer and one prominent private equity firm was conducting due diligence, with the <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> board of directors agreeing to move forward with a sale process.Read more:&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">MarineMax explores potential sale as Donerail raises its bid</a>Headquartered in Clearwater, Florida, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates 65 marinas and storage locations, alongside 70 dealerships, offering yachts for sale, as well as marine services through its acquisition of <a data-gid="gid://syiq/Company/2184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Island Global Yachting (Company)">Island Global Yachting (IGY)</a> in 2022, as well as <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.&nbsp;

MarineMax refinances $1.49 billion credit facilities

MarineMax has completed the refinancing of its $1.49 billion senior secured credit facilities.

MarineMax refinances $1.49 billion credit facilities, extending debt maturity to 2031

Spanish refit and repair specialist <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a> has announced the appointment of Enrique Tintore as its new Commercial Director.<img src="https://photo-assets.superyachttimes.com/photo/397920/image/large-eafb40a43f57108f116704f5b6a5a5fb.jpg" data-gid="gid://syiq/Photo/397920">Tintore joins the Palma-based shipyard with a background in Marine Engineering and Naval Architecture, bringing extensive technical expertise and experience within the international superyacht sector.Prior to joining <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a>, Tintore spent nearly a decade at <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>, where he was involved in the development and delivery of several innovative projects across the company's yacht portfolio, including the first Xplorer 60 yacht <a data-gid="gid://syiq/Yacht/11078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You60.2m (197'6&quot;)Damen Yachting2025">After You</a> and her YS53 yacht support <a data-gid="gid://syiq/Yacht/12677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emotional53.25m (174'8&quot;)Damen Yachting2025">Emotional</a>.&nbsp;Read more: <a data-gid="gid://syiq/Article/64071" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting completes double delivery with Xplorer 60 After You and YS53 Emotional (2025-08-21 11:30:00 +0200)">Damen Yachting completes double delivery with Xplorer 60 After You and YS53 Emotional</a><img src="https://photo-assets.superyachttimes.com/photo/333944/image/large-076b8d514006d5235b5d3cf442ea37e6.jpg" data-gid="gid://syiq/Photo/333944">In his new role, Tintore will support <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a>'s commercial activities and strategic development as the shipyard continues to expand its position within the global superyacht refit and maintenance market.Founded in 1942, <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a> is one of the Mediterranean's leading refit facilities, providing maintenance, repair and conversion services for superyachts and commercial vessels from its facilities in Palma de Mallorca.

Enrique Tintore appointed as Commercial Director at Astilleros de Mallorca

Astilleros de Mallorca has announced the appointment of Enrique Tintore as its new Commercial Director.

Astilleros de Mallorca appoints Enrique Tintore as Commercial Director

<a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata Group’s</a> 28-metre foiling yacht, <a data-gid="gid://syiq/YachtModel/17195" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler Ghost28.0m (91'10&quot;)">Ghost</a>, will be built at the company’s new Abu Dhabi headquarters and manufacturing facility. The expansion has been announced alongside a $20 million investment in advanced production technology.<img src="https://photo-assets.superyachttimes.com/photo/378710/image/large-1fe37a7ffb6584ffd857ab156ba7776b.jpg" data-gid="gid://syiq/Photo/378710">The UAE-based manufacturer said the waterfront site will strengthen its ability to test and manufacture next-generation products, including <a data-gid="gid://syiq/YachtModel/17195" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler Ghost28.0m (91'10&quot;)">Ghost</a>. She was unveiled at the Abu Dhabi International Boat Show last year and is scheduled for launch in 2029.Read: <a data-gid="gid://syiq/Article/64805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler unveils 28m foiling yacht concept Ghost (2025-11-20 14:30:00 +0100)">Foiler unveils 28m foiling yacht concept Ghost</a>Located along 200 metres of waterfront, the new complex will be equipped with high-precision robots, gantry systems, micron-accuracy machines, and metal 3D-printing technology, supporting <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata's</a> expansion into advanced marine, aerospace, and industrial manufacturing.<img src="https://photo-assets.superyachttimes.com/photo/378707/image/large-265679a4fb63b863fa0c56522f57ed7a.jpg" data-gid="gid://syiq/Photo/378707">The move follows the company’s strategic partnership with Ajyal Holding. <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata Group</a> CEO Aloïs Vieujot commented on the expansion: "We are very proud to be moving our headquarters to Abu Dhabi. This move will expand our capabilities and capacity, and reinforces our commitment to the UAE. It also reflects the resilience of the Emirates, demonstrated time and again.”One of the key features of the 100,000-square-metre complex will be dry dock and refit capabilities for yachts of up to 60-metres, alongside facilities for other vessel types. More than 20,000-square-metres will be dedicated to marine production.<img src="https://photo-assets.superyachttimes.com/photo/378709/image/large-fdd71e2c0e5a46f9e357291dae6c5c09.jpg" data-gid="gid://syiq/Photo/378709">Moreover, the site will also house <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata’s</a> engineering and R&amp;D facilities, as well as dedicated areas for composite manufacturing, machinery, aerospace production, automotive production, and a guest experience centre. An academy and dedicated incubator space also aims to support the UAE's industrial growth and innovation across <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata’s</a> core sectors.<img src="https://photo-assets.superyachttimes.com/photo/378706/image/large-900c80410be97019a0d30f4cc2d14b86.jpg" data-gid="gid://syiq/Photo/378706">“We will place strong emphasis on innovation and partnerships through our incubator and academy, which will open within the new site to accelerate growth in the aerospace and marine industries," Aloïs concluded.Construction of the complex is scheduled to begin in summer 2026, with completion expected in 2027.

Enata new Abu Dhabi complex

Enata Group's 28-metre foiling yacht, Ghost, will be built at the company's new Abu Dhabi headquarters and manufacturing facility.


28m foiling yacht Ghost to be built in Enata’s new Abu Dhabi facility

Italian 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 rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. <img src="https://photo-assets.superyachttimes.com/photo/397066/image/large-cec8e87de7ad8613fc332951b5703d7a.jpg" data-gid="gid://syiq/Photo/397066">Last month, Czech investor KKCG Maritime submitted a request to the Italian government following Chinese shareholder Weichai Group’s decision to end CEO Alberto Galassi's 12-year tenure and replace him with Stassi Anastassov during the company’s Annual General Meeting held on 15 May 2026.Read more: <a data-gid="gid://syiq/Article/66099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions (2026-05-15 16:30:00 +0200)">Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions</a><img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. “The problem is not a fact-based problem,” explained Stassi Anastassov during a press briefing in Milan.“Nothing has really changed. I am as independent as the previous CEO was. I am totally happy if there is an investigation because there is nothing and we would support any fact-finding.”The Board of Directors appointed Anastassov, alongside Tan Ning as Chairman of the Board, Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer as minority shareholder representing Azùr a.s.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.Anastassov said the company has decided to shut down its small defence business in ⁠2024 on the basis of a unanimous decision of the previous board. “We are not actively selling anything sensitive today and there is no order intake.”

Ferretti Group denies breaching Italy’s golden power rules

Ferretti Group has rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. 

Ferretti Group denies allegations of breaching Italy’s golden power rules

The 42.9-metre <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> motor yacht <a data-gid="gid://syiq/Yacht/426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Titian Pearl42.9m (140'9&quot;)CRN2001">Titian Pearl</a>&nbsp;has been listed for sale with Ed Dickinson of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>, under a joint central agency with <a data-gid="gid://syiq/Company/6982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karma Yachting (Company)">Karma Yachting</a>. <img src="https://photo-assets.superyachttimes.com/photo/399336/image/large-5d3b569691112840ace617ecbb6b6279.jpeg" data-gid="gid://syiq/Photo/399336">Delivered in 2001 by the Italian shipyard, the <a data-gid="gid://syiq/Yacht/426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Titian Pearl42.9m (140'9&quot;)CRN2001">yacht Titian Pearl for sale</a> was designed inside and outside by <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a>, while her naval architecture was developed by <a data-gid="gid://syiq/Company/8917" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="John Bennett & Associates Ltd (Company)">John Bennett</a>.&nbsp;Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Titian Pearl42.9m (140'9&quot;)CRN2001">Titian Pearl</a> has a beam of 8.4-metres and a draft of 2.5-metre. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> most recently underwent a refit in France in 2026, following an extensive refit programme carried out between 2022 and 2024.<img src="https://photo-assets.superyachttimes.com/photo/399338/image/large-f75491a7499a66430dabb17bd0d4a8a3.jpeg" data-gid="gid://syiq/Photo/399338" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">On the outside, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> boasts generous lounge areas and alfresco dining spaces across her three decks. Her redesigned sundeck is fitted with a bar and bimini shade, while at water level, her former aft garage has been converted into a beach club, complete with a fold-down swim platform and an inflatable watersports dock.<img src="https://photo-assets.superyachttimes.com/photo/399337/image/large-b1009c945348f03e1c25c59eae71a5b5.jpeg" data-gid="gid://syiq/Photo/399337" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Stepping inside, the <a data-gid="gid://syiq/Yacht/426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Titian Pearl42.9m (140'9&quot;)CRN2001">yacht Titian Pearl&nbsp;for sale</a> showcases a modern <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a> interior, where soft neutral furnishings are paired with warm wood finishes and expansive glazing, creating a bright and clean ambience. Her main saloon, featuring curved lounge seating, adjoins a formal dining area, where guests can enjoy meals with panoramic ocean views.<img src="https://photo-assets.superyachttimes.com/photo/399339/image/large-b89c45f631c4dc117693befa394c72dc.jpeg" data-gid="gid://syiq/Photo/399339" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Equipped for long voyages, her refit had introduced new furnishings, lighting, bespoke cabinetry and upgraded AV/IT systems throughout her main saloon, upper saloon and owner's suite.At an interior volume of 432 GT, accommodation onboard <a href="https://www.superyachttimes.com/directories/yachts/built-by=crn" rel="noopener noreferrer" target="_blank" title="">the CRN yacht for sale</a> is arranged for up to 10 guests across five staterooms, including a full-beam owner's suite on the main deck with a private office. &nbsp;Dedicated quarters are available for a crew of nine, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/399335/image/large-770e4dee75f7878d3df7de9d78baa99a.jpeg" data-gid="gid://syiq/Photo/399335">In terms of performance, the <a data-gid="gid://syiq/Yacht/426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Titian Pearl42.9m (140'9&quot;)CRN2001">yacht Titian Pearl&nbsp;for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, delivering a cruising speed of 12 knots and a top speed of 15 knots. Cruising at 10 knots, she offers a range of up to 3,200 nautical miles, making her ideal for long-range cruising. All images provided courtesy of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.

43m CRN superyacht Titian Pearl for sale

The 43-metre CRN motor yacht Titian Pearl has been listed for sale with Northrop & Johnson under a joint central agency with Karma Yachting. 

The 69-metre zero-emissions <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters</a> sailing yacht <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> has been seen for the first time as she was rolled out of the shed at the <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters Shipyard</a> in Zwartsluis, the Netherlands. The vessel is currently awaiting transfer by barge from Zwartsluis to Harlingen, where she will be launched into the water.<img src="https://photo-assets.superyachttimes.com/photo/399355/image/large-d3bbafc33648d12d7670640310f947b9.jpg" data-gid="gid://syiq/Photo/399355">Developed as a proof-of-concept project, the yacht has been designed as the world’s first sailing yacht to operate completely without fossil fuels, marking a substantial step towards emission-free yachting.Construction on <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> began in 2022 following an extensive research and development phase exceeding 60,000 hours. Her Panamax-height masts, built by Carbo-Link AG at their German facility, will be stepped on the vessel in the coming days. Read: <a data-gid="gid://syiq/Article/63798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="69m fossil-free Vitters yacht Project Zero nears completion (2025-07-11 15:00:00 +0200)">69m fossil-free Vitters yacht Project Zero nears completion</a> <img src="https://photo-assets.superyachttimes.com/photo/399354/image/large-88dda86bebdfe60cf0c5712eefe6c6e8.jpg" data-gid="gid://syiq/Photo/399354">Conceived with the intention of forward-thinking sustainability and innovation in yacht building, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> is the result of the collaboration between <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters</a>, <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vripack</a>, <a data-gid="gid://syiq/Company/230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dykstra Naval Architects (Company)">Dykstra Naval Architects</a> and the non-profit open-source platform Foundationº (Foundation Zero).Built as a performance ketch with an aluminium hull, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> features exterior and interior design by <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>, while her naval architecture was developed by <a data-gid="gid://syiq/Company/230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dykstra Naval Architects (Company)">Dykstra Naval Architects</a>.Her classical sailing exterior profile is elevated by her sustainable design, integrating new technologies with an “energy-first perspective” that prioritises innovation rather than optimisation.&nbsp;A defining feature of <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> is the absence of combustion engines. Instead of a traditional engine room, the yacht has a main technical room that houses an integrated energy system designed to store, harvest, and convert energy onboard. Read: <a data-gid="gid://syiq/Article/64930" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Behind Project Zero: A new chapter in sustainable superyacht innovation (2025-12-11 11:45:00 +0100)">Behind Project Zero: A new chapter in sustainable superyacht innovation</a> <img src="https://photo-assets.superyachttimes.com/photo/399353/image/large-b6967953716f71616fa1c5407b41917f.jpg" data-gid="gid://syiq/Photo/399353">The sailing yacht is powered by renewable energy from wind, solar, and thermal sources. Energy is harnessed while under sail through hydro-generating thrusters, a 100-square-metre solar array captures both heat and light at 60 percent efficiency, while a wind turbine draws power from offshore airflow. The harnessed electricity is then stored in an industrial-grade battery system that can hold 5,000 kilowatt-hours of electricity to power all onboard systems.At an interior volume of 499 GT, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> can accommodate up to 12 guests, alongside 11 crew members. Her interiors reflect the eco-conscious design approach, featuring materials such as pineskin leather, leathered marble and bespoke artworks that were curated to emphasise natural textures.In addition to private use and limited charter availability, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> is also set as a platform for scientific research, supporting studies in renewable marine technology and ocean sustainability.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/365567/image/large-f8e82cf19c8160071e95f17897079b67.jpg" data-gid="gid://syiq/Photo/365567">

69m fossil-free Vitters sailing superyacht Project Zero launched

Vitters launches 69m Project Zero, the world's first fossil-free sailing superyacht with zero combustion engines and renewable energy systems.

69m fossil-free Vitters yacht Project Zero rolled out of shed ahead of launch

Video interior Amore à Vida yacht

We take a video tour of CRN's latest custom superyacht Amore À Vida   in Palm Beach.

Video: Onboard CRN's full custom superyacht Amore à Vida

The 25.69-metre Azimut motor yacht <a data-gid="gid://syiq/Yacht/6933" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Satisfaction25.69m (84'3&quot;)Azimut Yachts2017">Satisfaction</a> has been sold. Alberto Galante of <a data-gid="gid://syiq/Company/6348" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachts360 (Company)">Yachts360</a> introduced the buyer, while Brandon Barnes of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/291636/image/large-e8f37bfcacd3e673cdf5cf55ab932f10.jpg" data-gid="gid://syiq/Photo/291636">Delivered in 2017 by the Italian shipyard, <a data-gid="gid://syiq/Yacht/6933" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Satisfaction25.69m (84'3&quot;)Azimut Yachts2017">Satisfaction</a> forms 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> 84 series. She features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, while her interior was penned by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a>. Naval architecture was crafted in-house by <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>.Constructed with a GRP hull and superstructure, <a data-gid="gid://syiq/Yacht/6933" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Satisfaction25.69m (84'3&quot;)Azimut Yachts2017">Satisfaction</a> has a beam of 6.45-metres and a draft of 1.79-metres. She most recently underwent a refit in 2025.&nbsp;Stepping inside, <a data-gid="gid://syiq/Yacht/6933" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Satisfaction25.69m (84'3&quot;)Azimut Yachts2017">Satisfaction</a> features a contemporary <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a> interior, where bespoke furnishings, Italian marble finishes and large windows bring her open-plan main saloon together. Outside, <a data-gid="gid://syiq/Yacht/6933" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Satisfaction25.69m (84'3&quot;)Azimut Yachts2017">Satisfaction</a> has an expansive flybridge fitted for lounging, while her aft deck is fitted for alfresco dining.&nbsp;With an interior volume of 110 GT, accommodation onboard is arranged for up to eight guests across four staterooms, including a full-beam owner's suite on the lower deck. Separate quarters sleep up to two crew members, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/6933" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Satisfaction25.69m (84'3&quot;)Azimut Yachts2017">Satisfaction</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, delivering a cruising speed of 24 knots and a top speed of 27 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/6933" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Satisfaction25.69m (84'3&quot;)Azimut Yachts2017">Satisfaction</a> had a last known asking price of $2,399,000. Image courtesy of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a>.

26m Azimut motor yacht Satisfaction sold

The 25.69-metre Azimut motor yacht Satisfaction has been sold with a last known asking price of $2,399,000.

<a data-gid="gid://syiq/Company/8915" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CVC Capital Partners (Company)">CVC</a> has entered into an agreement to sell <a data-gid="gid://syiq/Company/8915" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CVC Capital Partners (Company)">CVC Capital Partners</a> VII’s stake in <a data-gid="gid://syiq/Company/4262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D-Marin (Company)">D-Marin</a>, an international marina operator, to <a data-gid="gid://syiq/Company/8916" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Infravia Capital (Company)">InfraVia Capital Partners</a>, a European private equity firm focused on infrastructure investment. According to the Financial Times, the deal is expected to exceed €1 billion.&nbsp;<a data-gid="gid://syiq/Company/4262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D-Marin (Company)">D-Marin</a> operates 28 marinas across nine countries, with more than 14,300 berths, including over 1,000 dedicated superyacht berths. The company also manages 12 professional boatyards, which service more than 2,500 yachts each year, and serves more than 50,000 customers annually.<img src="https://photo-assets.superyachttimes.com/photo/110558/image/large-403fc9f2dcd20d41f4c8e5db4c36cdb1.jpg" data-gid="gid://syiq/Photo/110558"><a data-gid="gid://syiq/Company/8915" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CVC Capital Partners (Company)">CVC</a> acquired <a data-gid="gid://syiq/Company/4262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D-Marin (Company)">D-Marin</a>’s international assets from Turkish conglomerate Doğuş Group in 2020, taking ownership of the company’s Greek, Croatian and UAE operations. The Turkish assets remained under Doğuş Group ownership, although they continued to be managed by <a data-gid="gid://syiq/Company/4262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D-Marin (Company)">D-Marin</a>.Under <a data-gid="gid://syiq/Company/8915" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CVC Capital Partners (Company)">CVC</a>’s ownership, <a data-gid="gid://syiq/Company/4262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D-Marin (Company)">D-Marin</a> expanded beyond its traditional markets of Turkey, Croatia, Greece and the UAE into Spain, Italy, France, Malta and Albania.&nbsp;István Szőke , Managing partner at <a data-gid="gid://syiq/Company/8915" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CVC Capital Partners (Company)">CVC</a> said the investment had supported <a data-gid="gid://syiq/Company/4262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D-Marin (Company)">D-Marin</a>’s development from “a hidden gem” into what he described as a market leader in premium marinas across Europe and the wider EMEA region. He added: “We expanded significantly across the Mediterranean, built the sector's most digitally advanced platform, and created a business with unmatched scale, customer experience and operational excellence.”Oliver Dörschuck, CEO of <a data-gid="gid://syiq/Company/4262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D-Marin (Company)">D-Marin</a>, said: "<a data-gid="gid://syiq/Company/8916" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Infravia Capital (Company)">InfraVia</a> has consistently demonstrated clear alignment with <a data-gid="gid://syiq/Company/4262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D-Marin (Company)">D-Marin</a>'s customer-first philosophy and our purpose of enriching the yachting experience, and we are well positioned together to accelerate the next phase of our growth. Our partnership with <a data-gid="gid://syiq/Company/8915" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CVC Capital Partners (Company)">CVC</a> has been instrumental in shaping <a data-gid="gid://syiq/Company/4262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D-Marin (Company)">D-Marin</a> into the business it is today and the strong foundation they helped build is what powers our next chapter."<img src="https://photo-assets.superyachttimes.com/photo/110555/image/large-716cf2cb0ea6417dc00080d9b9bc1783.jpg" data-gid="gid://syiq/Photo/110555">Vincent Levita, CEO of <a data-gid="gid://syiq/Company/8916" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Infravia Capital (Company)">InfraVia</a>, said: “We are delighted to support <a data-gid="gid://syiq/Company/4262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D-Marin (Company)">D-Marin</a> in this new chapter alongside its management team. The company has become a leading premium marina platform across the Mediterranean, with a strong brand, high-quality assets and a customer-first culture. This transaction is a strong fit with InfraVia’s infrastructure investment thesis and is fully aligned with InfraVia’s ambition to partner with outstanding management teams and back resilient European platforms where long-term capital can support continued growth, transformation and institutionalisation.”<img src="https://photo-assets.superyachttimes.com/photo/110552/image/large-883c6b37658ea2e5b3e65c3a13d42b87.jpg" data-gid="gid://syiq/Photo/110552"><a data-gid="gid://syiq/Company/8915" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CVC Capital Partners (Company)">CVC</a> was advised by Goldman Sachs as exclusive financial adviser and Clifford Chance as legal adviser. <a data-gid="gid://syiq/Company/8916" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Infravia Capital (Company)">InfraVia</a> was advised by Morgan Stanley as exclusive financial adviser and White &amp; Case as legal adviser.

CVC to sell D-Marin to InfraVia Capital Partners

CVC has entered into an agreement to sell CVC Capital Partners VII’s stake in D-Marin to InfraVia Capital Partners.

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CVC to sell D-Marin to InfraVia Capital Partners for over €1 billion

The 37.04-metre <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/7998" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kiki V37.04m (121'6&quot;)Custom Line2020">Kiki V</a> has been sold, with Hans von Doornmalen of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> introducing the buyer and Arne Ploch of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/399334/image/large-f9dff4373d2fa5a65743f59402be3534.jpg" data-gid="gid://syiq/Photo/399334">In 2020, she was delivered as Tello for the CEO 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> and is part of the builder’s Navetta 37 series. She has been specified with an extensive list of upgrades, making her one of the most comprehensively specified Navetta 37s available. &nbsp;At a volume of 289 GT, she can accommodate up to 10 guests across five well-appointed staterooms and is supported by a crew of seven. Moving outside, guests can enjoy the sunpads, wet bar and a hot tub on her flybridge, while the bow hosts a forward seating area.Propulsion-wise, she is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, delivering a cruising speed of 12 knots and a top speed of 15.5 knots.&nbsp;At the time of her sale, <a data-gid="gid://syiq/Yacht/7998" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kiki V37.04m (121'6&quot;)Custom Line2020">Kiki V</a> had a last known asking price of €13,600,000.Photo courtesy of&nbsp;<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>..

Custom Line yacht Kiki V sold

 The 37.04-metre Custom Line motor yacht Kiki V has been sold.

37m Custom Line motor yacht Kiki V sold

The 33.3-metre <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> motor yacht <a data-gid="gid://syiq/Yacht/8680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Artemis33.3m (109'3&quot;)Mangusta Yachts2021">Artemis</a> has been sold, with Christian Kahn of <a data-gid="gid://syiq/Company/8914" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bayside-X (Company)">Bayside-X</a> introducing the buyer and Alex G. Clarke of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/399333/image/large-88ed926344aea8f8808a0c7c07804e32.jpg" data-gid="gid://syiq/Photo/399333">Delivered in 2021, the Mangusta 33 GranSport yacht was originally commissioned as Dopamine by her experienced owner. She has benefitted from over one million euros worth of upgrades, including interior decor by <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>. Meanwhile, her exteriors were also penned by the designer, complemented by naval architecture created in-house by her builder.<a data-gid="gid://syiq/Yacht/8680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Artemis33.3m (109'3&quot;)Mangusta Yachts2021">Artemis</a> can sleep up to 12 guests across five well-appointed staterooms, as well as five crew members for utmost onboard comfort. A standout feature of the yacht is the Jacuzzi on the bow, along with her master suite reconfigured with a custom layout during her refit.In terms of propulsion system, <a data-gid="gid://syiq/Yacht/8680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Artemis33.3m (109'3&quot;)Mangusta Yachts2021">Artemis</a> is powered by quadruple <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> engines, giving her a cruising speed of 21 knots and a top speed of 26 knots.At the time of her sale, she had a last known asking price of $10,975,000.Photo courtesy of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a>.

Mangusta yacht Artemis sold

The 33.3-metre Mangusta motor yacht Artemis has been sold.

33m Mangusta motor yacht Artemis sold

The 25.2-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/12848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Forty Two 25.2m (82'8&quot;)Azimut Yachts2023">Forty Two</a> caught fire and sunk in the Marseille Vieux-Port on Sunday morning (5 July).<img src="https://photo-assets.superyachttimes.com/photo/399331/image/large-6e99b35b95b06f12c8deaec32bdbec0a.jpg" data-gid="gid://syiq/Photo/399331">The fire broke out around 10:30 in Vieux-Port near the Hôtel de Ville on a small boat believed to be around 12-metres, before it spread to the Azimut Magellano 25 Metri yacht, <a data-gid="gid://syiq/Yacht/12848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Forty Two 25.2m (82'8&quot;)Azimut Yachts2023">Forty Two</a>.<img src="https://photo-assets.superyachttimes.com/photo/399332/image/large-ae39954be3b952dd88a0ae615cc62628.jpg" data-gid="gid://syiq/Photo/399332">The Bataillon de marins-pompiers de Marseille (Marseille Marine Fire Brigade Battalion) deployed 150 marine firefighters, alongside 37 fire and rescue vehicles. A crane was also deployed from an emergency vehicle parked on the quayside to spray the upper part of the vessel. The fire was finally extinguished around noon.<img src="https://photo-assets.superyachttimes.com/photo/399329/image/large-c2ccfb217e4c962e65431ed6991ccfb4.jpg" data-gid="gid://syiq/Photo/399329">According to Port News, emergency services attended to 14 people, with six people transported to hospital for the treatment of minor burns. These people are believed to include those onboard the vessels, as well as two police officers and one member of port security.No cause has been officially announced. <img src="https://photo-assets.superyachttimes.com/photo/399330/image/large-164d6fcbd3c8424ce1a12f9a753caf31.jpg" data-gid="gid://syiq/Photo/399330">Launched in 2023 as part of the Azimut Magellano 25 Metri series, <a data-gid="gid://syiq/Yacht/12848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Forty Two 25.2m (82'8&quot;)Azimut Yachts2023">Forty Two</a> features exterior design by <a data-gid="gid://syiq/Company/148" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ken Freivokh Design (Company)">Ken Freivokh Design</a>, while her interior design and naval architecture were penned by her Italian 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/274933/image/large-db00805f4333f8f22a2a45276fa56e93.jpeg" data-gid="gid://syiq/Photo/274933"><a data-gid="gid://syiq/Yacht/12848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Forty Two 25.2m (82'8&quot;)Azimut Yachts2023">Forty Two</a> can accommodate up to eight guests across a four stateroom configuration, as well as a crew of three across two cabins. In terms of performance, <a data-gid="gid://syiq/Yacht/12848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Forty Two 25.2m (82'8&quot;)Azimut Yachts2023">Forty Two</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, which provide her with a cruising speed of 19 knots and a top speed of 23 knots.&nbsp;

Forty Two: 25m Azimut yacht sinks after fire in Marseille, France

The Azimut motor yacht Forty Two caught fire and sunk in the Marseille Vieux-Port on Sunday morning. 

25m Azimut motor yacht Forty Two sinks following fire in Marseille, France

<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> has delivered the 101.2-metre superyacht <a data-gid="gid://syiq/Yacht/12236" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Destiny101.2m (332'0&quot;)Feadship2026">Destiny</a>, previously known as Feadship 1014, to her owner following the completion of her sea trials in the North Sea, off the coast of the Netherlands in May. According to AIS, <a data-gid="gid://syiq/Yacht/12236" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Destiny101.2m (332'0&quot;)Feadship2026">Destiny</a> is currently cruising from Poole, United Kingdom to Gibraltar.<img src="https://photo-assets.superyachttimes.com/photo/394439/image/large-4c1a7f574e17026c3137d51970f7108d.jpg" data-gid="gid://syiq/Photo/394439">Read:&nbsp;<a href="https://www.superyachttimes.com/yacht-news/feadship-1014-yacht-sea-trials" target="_blank">101m Feadship 1014 superyacht on sea trials </a>Previously known as Project 1014 during construction, <a href="https://www.superyachttimes.com/yacht-news/feadship-1014-yacht-hull-launch" target="_blank">Destiny was first spotted</a> exclusively by SuperYacht Times in November 2024 when she emerged from the construction shed at the Scheepswerf Slob facility in Papendrecht, the Netherlands. Construction on the yacht reportedly began in 2022. <img src="https://photo-assets.superyachttimes.com/photo/394438/image/large-bcbc0db1b00a8a982ed42d3fe0387eb7.jpg" data-gid="gid://syiq/Photo/394438" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">A week after she was first spotted, the <a href="https://www.superyachttimes.com/yacht-news/feadship-1014-outfitting-amsterdam" target="_blank">yacht was seen passing by the SuperYacht Times</a> office as she was transported through Amsterdam to De Vries Makkum facility for outfitting. She was subsequently launched in April 2026 ahead of her sea trials and final delivery.<img src="https://photo-assets.superyachttimes.com/photo/390040/image/large-0c9907442ef039f6f24d44e1d9e4abed.jpg" data-gid="gid://syiq/Photo/390040">Read:&nbsp;<a data-gid="gid://syiq/Article/66132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="101m Feadship 1014 superyacht on sea trials (2026-05-21 14:30:00 +0200)">Exclusive: 101m Feadship 1014 yacht launched</a>Designed by <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a>, <a data-gid="gid://syiq/Yacht/12236" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Destiny101.2m (332'0&quot;)Feadship2026">Destiny</a> features exterior styling by the British design studio, while her interiors were developed in collaboration with <a data-gid="gid://syiq/Company/2935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chahan Interior Design (Company)">Chahan Interior Design</a>. Her naval architecture was crafted by <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>.<img src="https://photo-assets.superyachttimes.com/photo/390041/image/large-5fa97a536589086e863806718115e72d.jpg" data-gid="gid://syiq/Photo/390041">Constructed with a steel hull and aluminium superstructure, the superyacht spans 3,818 GT and has a beam measuring 15.25-metres.<img src="https://photo-assets.superyachttimes.com/photo/394437/image/large-36c372c1ce1bb0da611d6c1bfaecf595.jpg" data-gid="gid://syiq/Photo/394437" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">On the outside, <a data-gid="gid://syiq/Yacht/12236" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Destiny101.2m (332'0&quot;)Feadship2026">Destiny</a>’s streamlined exterior profile is characterised by a slightly raked bow and a distinctive cut-out near the bow, a <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> signature feature also seen on vessels such as the 96.6-metre <a data-gid="gid://syiq/Yacht/5936" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia96.6m (316'11&quot;)Feadship2017">Sophia</a> and the 94-metre <a data-gid="gid://syiq/Yacht/6299" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Defy94.0m (308'5&quot;)Feadship2021">Defy</a>.<img src="https://photo-assets.superyachttimes.com/photo/394434/image/large-3809c728076d7bcfb783901c8937af6b.jpg" data-gid="gid://syiq/Photo/394434">Finished with a deep navy hull accented by subtle bronze detailing, <a data-gid="gid://syiq/Yacht/12236" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Destiny101.2m (332'0&quot;)Feadship2026">Destiny</a> also boasts large, slightly recessed windows that introduce abundant natural light while maintaining the guests’ solitude onboard.<img src="https://photo-assets.superyachttimes.com/photo/394436/image/large-f5499e3b36d2add6a2a1cbdaf1a3f7dc.jpg" data-gid="gid://syiq/Photo/394436">Her layered exterior decks have been arranged to balance privacy with outdoor living, offering generous spaces for lounging and entertaining. Large open deck areas are coupled with the yacht's clean, uninterrupted lines running from bow to stern, reinforcing the contemporary aesthetic that defines the vessel.<img src="https://photo-assets.superyachttimes.com/photo/394435/image/large-583449f1b6749af30d7578e0ea65dbe4.jpg" data-gid="gid://syiq/Photo/394435">According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> currently has several major projects under construction, including the <a data-gid="gid://syiq/Article/66377" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="+80m in-build Feadship 1015 superyacht seen for the first time (2026-06-18 15:00:00 +0200)">+80-metre in-build Feadship 1015</a>, seen for the first time last month, the <a data-gid="gid://syiq/Article/65813" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bow of secretive 140m+ Feadship yacht seen for the first time (2026-04-09 15:45:00 +0200)">highly secretive +140-metre Feadship 831</a>, and the <a data-gid="gid://syiq/Article/63248" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exclusive: 89m highly-secretive Feadship 828 superyacht seen for the first time (2025-05-05 15:15:00 +0200)">89-metre Feadship 828</a> which is due to launch soon.

101m Feadship 1014 superyacht Destiny delivered

The 101m Feadship superyacht Destiny, previously known as Project 1014 has been delivered following the successful completion of her sea trials.

Singapore

One °15 Marina

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The Singapore Yachting Festival, Asia's largest yachting event, will be held from April 10 to 13, 2025, at ONE°15 Marina Sentosa Cove, showcasing the latest in yachting and lifestyle.