The <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a> continues to be the premier event in the superyacht industry’s annual calendar. Once again, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> and its subscription service, <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, are official Media and Intelligence Partner for <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/372227/image/large-71ca5a047994bd2b41210f7b26e5fecf.jpg" data-gid="gid://syiq/Photo/372227">Since 2019, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> has partnered with the <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show</a> to release the <a href="https://issuu.com/superyachttimes/docs/monaco_yacht_show_market_report_2025" rel="noopener noreferrer" target="_blank" title="">Monaco Yacht Show Market Report.</a> &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/372228/image/large-1f4536a71cc41c6f2edd35e57d70e065.jpg" data-gid="gid://syiq/Photo/372228">The newly published <a href="https://issuu.com/superyachttimes/docs/monaco_yacht_show_market_report_2025" rel="noopener noreferrer" target="_blank" title="">Monaco Yacht Show Market Report 2025</a> provides insight into this year’s <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show</a> fleet, an in-depth look at the 2025 new-build and second-hand superyacht markets, along with key insights into the latest trends and developments in the sector.<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)"><img src="https://photo-assets.superyachttimes.com/photo/372230/image/large-a7735fcdffe79e7706074ec77f6fe58e.jpg" data-gid="gid://syiq/Photo/372230">SuperYacht Times</a> looks forward to welcoming you at stand, DS97 on Darse Sur, and at MYS Conference Hall, above the <a data-gid="gid://syiq/Article/64270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Full programme for Monaco Yacht Summit 2025 unveiled (2025-09-18 13:00:00 +0200)">Yacht Design &amp; Innovation Hub for our panel discussions</a>.<img src="https://photo-assets.superyachttimes.com/photo/372224/image/large-db93d6baaf899168c82dfb7338fb9999.jpg" data-gid="gid://syiq/Photo/372224">

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<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> is pleased to announce the launch of <a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2026</a>. Created in partnership with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>, the annual report returns with its most comprehensive edition to date, offering an in-depth analysis of the global superyacht market and the trends shaping the industry’s future.Now in its 11th edition, The State of Yachting has established itself as one of the industry’s leading market intelligence reports, delivering detailed insights into new-build activity, brokerage sales, charter performance, refit developments and wider market movements.<a href="https://www.superyachttimes.com/yacht-news/state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">Download</a><a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">&nbsp;The State of Yachting 2026: In partnership with Safe Harbor</a><img src="https://photo-assets.superyachttimes.com/photo/395089/image/large-78a9f670554bd483c155163124aae620.jpg" data-gid="gid://syiq/Photo/395089">Powered by <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a>’ proprietary intelligence platform SuperYacht iQ, the report combines extensive market data with expert analysis to provide a clear overview of the current state of the superyacht sector.Merijn de Waard, CEO of <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a>, commented: “We are delighted to partner with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> for this year’s edition of The State of Yachting. As the industry continues to evolve globally, collaborating with a partner that shares our long-term vision for the future of yachting makes this year’s report particularly meaningful.”<iframe width="640" height="360" src="https://www.youtube.com/embed/otOo0EY_AAs?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> What to expect from The State of Yachting 2026This year’s edition explores some of the key developments influencing the market across 2025 and into 2026. Alongside detailed statistical breakdowns covering yacht sales, order books and fleet development, the report also examines shifting regional dynamics, evolving owner demographics and emerging trends across design, sustainability and charter operations.<img src="https://photo-assets.superyachttimes.com/photo/395091/image/large-c6d8eff9abb8dedaa11d2516fa0865de.png" data-gid="gid://syiq/Photo/395091">Commenting on this year’s edition, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> Head of Intelligence Ralph Dazert shared: “The superyacht industry continues to evolve at pace, driven by changing client expectations, technological innovation and the expansion of emerging markets. The State of Yachting 2026 provides a comprehensive overview of where the market stands today and where we see opportunities and challenges developing in the years ahead.”<img src="https://photo-assets.superyachttimes.com/photo/395088/image/large-3c8341a20ba93b2b548cbee1a06711ed.jpg" data-gid="gid://syiq/Photo/395088">Report access<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SYT</a> Premium subscribers will be able to access and download the full report directly via the SuperYacht Times website. In partnership with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>, this year’s report reflects a shared commitment to delivering meaningful industry insight and supporting informed decision-making across the global superyacht sector.<a href="https://www.superyachttimes.com/yacht-news/state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">Download</a><a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">&nbsp;The State of Yachting 2026: In partnership with Safe Harbor</a>Want to know more about Premium Content? Subscribers can unlock access to The State of Yachting 2026, exclusive market reports, How To Build It, quarterly newspapers and additional premium intelligence content through a&nbsp;<a href="https://www.superyachttimes.com/users/sign_up?premium_content=true" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times Premium subscription</a>.

The State of Yachting 2026 in partnership with Safe Harbor

The state of Yachting 2026, in partnership with Safe Harbour, is here!

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The State of Yachting 2026: In partnership with Safe Harbor

A new study commissioned by the <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">Superyacht Builders Association (SYBAss)</a> and <a data-gid="gid://syiq/Company/6042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Superyacht Life Foundation (Company)">The Superyacht Life Foundation (SYL)</a> has revealed that the global superyacht industry generated approximately €54 billion in total economic output in 2022.<img src="https://photo-assets.superyachttimes.com/photo/394792/image/large-c868cea6a77bcff39975852d62a13272.jpg" data-gid="gid://syiq/Photo/394792">Conducted by Deloitte and Vrije Universiteit Amsterdam, the Global Economic Impact of the Superyacht Industry study supports <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">SYBAss</a>’s new Superyacht Builders Advocacy Campaign. The initiative is designed to increase awareness of the role yacht builders play through employment, industrial innovation and long-term economic activity across coastal regions.According to the study, the industry generated €22 billion in direct expenditure, which in turn created a further €32 billion in indirect economic activity through global supply chains and tourism, operations, hospitality and maritime services.The study identified the new-build segment as the most economically catalytic segment of the industry, generating a multiplier effect of 2.8. This means that every €1 invested in building a yacht creates an additional €1.8 in economic value across the wider economy through suppliers, subcontractors, logistics, engineering, services and long-term operational activities.While downstream sectors such as charter, brokerage, marinas, tourism and hospitality generate significant recurring annual revenue, the study demonstrated that these activities fundamentally depend on the continued construction and renewal of the global fleet by builders and yacht owners.According to the study, new vessel construction alone accounts for 37 percent of the industry’s total economic impact, which equates to approximately €20 billion globally. It also found that new-build activity equates to long-term growth, as every newly delivered yacht expands the downstream operational economy for decades to come.The report also highlighted the growing importance of the refit and maintenance sector, which contributes an estimated €5.6 billion to the global economy, representing around 11 percent of the industry’s total impact. As the worldwide fleet continues to age and modernise, the study identifies refit activity as one of the sector’s strongest long-term growth opportunities.<img src="https://photo-assets.superyachttimes.com/photo/394795/image/large-e32a4e678897430977b68dfc646294fe.jpg" data-gid="gid://syiq/Photo/394795">Builders remain at the core of the industryThe study also identified the industrial significance of the upstream sector, which comprises both new-build and refit activity. This serves as the industry’s industrial core with a total direct economic impact of approximately €9.5 billion. Within this figure, new-build operations account for 76 percent of total shipyard turnover, equivalent to €7.2 billion, while refit activities contribute the remaining €2.3 billion.Despite the luxury image often associated with the finished product, the study describes yacht construction as fundamentally a blue-collar manufacturing industry. Each vessel requires years of coordinated work involving welders, engineers, electricians, naval architects, carpenters, painters, metal workers and project managers, alongside extensive supplier networks.Much of the workforce is trained through apprenticeships and specialist vocational programmes to meet the technical demands of modern superyacht construction.<img src="https://photo-assets.superyachttimes.com/photo/394794/image/large-56e78c18a3842227faecfb8072284cf3.jpg" data-gid="gid://syiq/Photo/394794">Long-term economic contribution of the global fleetAccording to the report, the global superyacht fleet now approaches 5,600 vessels, with each yacht contributing an average of €9 million annually to the economy. This figure is calculated through its operational lifetime with maintenance, crew employment, marina services, fuel supply, tourism expenditure and refit cycles all contributing towards the total.The study also noted that while numerous suppliers and contractors contribute to each project, long-term responsibility for the yacht ultimately remains with the shipyard whose name appears on the vessel throughout its lifespan. Therefore, builders carry disproportionate industrial, financial, operational and reputational responsibility relative to the broader ecosystem.“The global superyacht industry is not merely sustained by tourism, operations, and luxury services,” explained the study. “It is fundamentally made possible by the industrial capabilities, craftsmanship, investment and long-term commitment of yacht builders.”Over the next few months, the Superyacht Builders Advocacy Campaign will continue to share new insights, industry perspectives, and data-driven analysis. Through this initiative, <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">SYBAss</a> aims to strengthen awareness of the sector’s industrial, economic, and social contribution while supporting greater recognition of the highly skilled workforce, innovation ecosystem, and long-term value creation.Founded in 2007, <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">Superyacht Builders Association</a> represents leading superyacht builders worldwide and works to support collaboration, environmental innovation and evolving industry standards across the sector.(All images courtesy of SYBAss.)

SYBAss and SYL study reveals economic impact of superyacht industry

A new study by SYBAss and SYL revealed that the global superyacht industry generated approximately €54 billion in total economic output in 2022.

New study highlights €54 billion economic output of global superyacht industry

SuperYacht Times is pleased to announced the release of the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2026</a>, which is now available as a free download. The report was produced for the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a>, held in Kobe, Japan, on 7 and 8 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/391630/image/large-35a5114e3ed8a25c76d38787ba96de16.jpg" data-gid="gid://syiq/Photo/391630">Now in its third edition, the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">report</a> provides a data-led overview of the Asia-Pacific superyacht market, drawing on analysis from the SuperYacht Times Intelligence team, with data supplied by <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>.Using <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> and proprietary yacht-tracking data, the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">report</a> examines the region’s fleet, cruising patterns and key areas of activity. It looks at how many superyachts are currently active in Asia-Pacific, where they are based, whether the regional fleet is growing, and which locations are emerging as important hotspots. <img src="https://photo-assets.superyachttimes.com/photo/25869/image/large-be0ca6ac405b4c42e4bdcf910c97ce4e.jpg" data-gid="gid://syiq/Photo/25869">SYT Strategy bespoke consultancyWould you like to increase your footprint in the Asia-Pacific superyacht market but are lacking the right data? The Intelligence team at SuperYacht Times performed extensive research specifically for the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2026</a> and we could do the same for your company too through <a href="https://www.sytstrategy.com/" rel="noopener noreferrer" target="_blank" title="">SYT Strategy</a>. Interested? Get in touch with our Sales team via <a href="mailto:sales@superyachttimes.com" title="">sales@superyachttimes.com</a>

Asia-Pacific Superyacht Report 2026 available for download

SuperYacht Times is pleased to announced the release of the Asia-Pacific Superyacht Report 2026, which is now available as a free download.

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Following two successful editions in Hong Kong, the third <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a> will take place at La Suite Kobe Oceans Garden in Kobe, Japan, on 7 and 8 May 2026.Ahead of the event, SuperYacht Times Research Analyst Adil Zaman and Head of Intelligence Ralph Dazert have examined regional superyacht movements and ownership patterns across the Asia-Pacific. Their findings will be presented in the Asia-Pacific Superyacht Report 2026, which is set to launch during the summit. This article offers a preview of some of the report’s key themes.<img src="https://photo-assets.superyachttimes.com/photo/391630/image/large-35a5114e3ed8a25c76d38787ba96de16.jpg" data-gid="gid://syiq/Photo/391630">Number of superyachts active in Asia-Pacific continues to growOne of the report’s clearest findings is the continued rise in superyacht activity across Asia-Pacific. Between January and December 2025, a total of 586 superyachts over 30-metres were active in the region, up from 530 in 2024 and 445 in 2023. The report also notes that these figures reflect yacht presence across a 12-month period, including vessels based in, visiting or transiting through the region.The regional fleet also remains slightly larger than the global average. According to the report, more than 20 percent of yachts active in Asia-Pacific exceed 50-metres, compared with 16 percent worldwide, pointing to a relatively strong concentration of larger vessels in the region.<img src="https://photo-assets.superyachttimes.com/photo/391626/image/large-4e09160384992ee2d4dbc58440984deb.jpg" data-gid="gid://syiq/Photo/391626">Ownership continues to expandThe report also points to a gradual increase in regional ownership. SuperYacht Times records more than 480 superyachts over 30-metres owned in Asia-Pacific countries, representing 7.7 percent of the global fleet. Australia accounts for the largest share, with 166 yachts, followed by Hong Kong with 92 and China with 59. Together, these figures suggest that while the region remains diverse in terms of activity and maturity, its ownership base is continuing to deepen.<img src="https://photo-assets.superyachttimes.com/photo/391627/image/large-4122936227aa6a92e960dc6a6282bbb3.jpg" data-gid="gid://syiq/Photo/391627">Infrastructure remains unevenWhile the report identifies clear momentum across the region, it also highlights the structural challenges that continue to shape the market. Marina development is progressing, but not uniformly. Relatively few marinas in Asia-Pacific are currently capable of accommodating yachts above 50-metres in practice, despite growing interest in attracting the segment. In many cases, the gap between ambition and operational capability remains significant.<img src="https://photo-assets.superyachttimes.com/photo/386825/image/large-217c26f8ba05559616786d2d3cd665fe.jpg" data-gid="gid://syiq/Photo/386825">Asia-Pacific Superyacht Report 2026All of this, and much more, will be featured in the Asia-Pacific Superyacht Report 2026, published during the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a> in Kobe, Japan on 7 &amp; 8 May 2026. The report will be made available as a free digital download following the event.Stay tuned to our newsletter and website for the official release and join us as we explore how the Asia-Pacific region continues to shape the future of global yachting.<img src="https://photo-assets.superyachttimes.com/photo/386528/image/large-ac18974277bb47126ecdd41da712a4c7.jpg" data-gid="gid://syiq/Photo/386528">Asia-Pacific Superyacht Summit 2026Tickets are still available for the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit 2026</a>, which will delve deeper into the report, alongside insights into the challenges and opportunities across the region.&nbsp;The <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">event</a> will bring together industry leaders, yachting clients and key stakeholders, allowing for high-level networking with influential yachting professionals from the region. This will take place alongside keynote sessions and expert panel discussions, with the shared goal of positioning the Asia-Pacific region as a leading superyacht market and cruising destination. <img src="https://photo-assets.superyachttimes.com/photo/384775/image/large-410054e783a96845b5d4c94c95eff55c.jpg" data-gid="gid://syiq/Photo/384775">

Asia-Pacific Superyacht Report 2026 preview

A preview of the Asia-Pacific Superyacht Report 2026, examining regional yacht movements, ownership trends and infrastructure.

Asia-Pacific Superyacht Report 2026 to unveil latest regional insights

Norwegian shipyard <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is known for its vast experience of offshore engineering, as well as for building large, 100-metre-plus expedition vessels. In recent years, the yard has been focused on building commercial vessels, but has recently reshifted its focus back onto the explorer market. The yard is preparing to return to the superyacht space by building global expedition yachts and support vessels.SuperYacht Times&nbsp;spoke with <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s Sales Manager, Sigvald Håkonsholm who recently joined the team in order to help navigate <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s presence in the superyacht sector. Bringing vast experience from ship building in different levels in the Norwegian maritime cluster, the move underlines <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s commercial and strategic commitment to the international yachting segment and their ambition to deliver technically advanced, purpose-built vessels for discerning owners seeking true exploration capability.<img src="https://photo-assets.superyachttimes.com/photo/388850/image/large-6be51c79dce19d8cac36bd0948be6043.png" data-gid="gid://syiq/Photo/388850">A Norwegian build<a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> consists of two shipyards in Norway, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> and <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> Feda, and specialises in new-builds, conversions, maintenance, and recycling of vessels. Previous superyachts built by the yard include the 107.4-metre <a data-gid="gid://syiq/Yacht/4946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andromeda107.4m (352'4&quot;)Kleven Maritime AS2016">Andromeda</a> and the 116-metre <a data-gid="gid://syiq/Yacht/5796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Multiverse116.0m (380'7&quot;)Kleven Maritime AS2018">Multiverse</a>, previously named <a data-gid="gid://syiq/Yacht/5796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Multiverse116.0m (380'7&quot;)Kleven Maritime AS2018">Ulysses</a>. The yard has a history of building large, robust vessels capable of operating in some of the world’s most challenging environments. Besides superyachts, the yard has previously also built expedition-style luxury cruise vessels, including the 140-metre Roald Amundsen and the 140-metre Fridtjof Nansen.<img src="https://photo-assets.superyachttimes.com/photo/200563/image/large-de64dc9226d637e7c68c7e51424c916e.jpg" data-gid="gid://syiq/Photo/200563">”In response to strong market demand, we have decided to strengthen our position in the yacht market, as the need for this is clearly evident.” says Sigvald. Adding that he feels “privileged to get the possibilities to develop stunning projects together with our clients, partners and a strong team at <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>.”With a history of building extensive vessels, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is shifting its focus &nbsp;primarily to large expedition yachts and yacht support vessels from approximately 80-metres and upwards. <img src="https://photo-assets.superyachttimes.com/photo/388851/image/large-797d690d1ca7a399538a8a5ca59679fc.png" data-gid="gid://syiq/Photo/388851">Market experience meets technical know-howIn recent years, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> has been heavily involved in the offshore energy vessel market, completing both newbuild projects and complex conversions. Experience with these complex technologies, mixed with their own in-house technical expertise, and the yard’s earlier experience building expedition yachts and cruise vessels, strengthens the <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s position as a capable partner for owners seeking large, purpose-built expedition vessels.<a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s way of shipbuilding, with robotic welding and other effective methods adapted from commercial ship construction, allow for efficient hull production while ensuring high capacity. Focusing on the superyacht segment, the yard at <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> has a few available slots for both new-build expedition yachts, yacht support vessels, and conversion projects, offering attractive delivery timelines.Many of the <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Kleven</a> yachts, whether from their commercial line or their explorer superyachts, tread into challenging waters. In order to ensure safety, reliability and operational capability in their worldwide cruising ground, the yard has established its own technical yacht platform. The technology is based on proven solutions from the offshore sector, in line with yacht and cruise customer demands. <img src="https://photo-assets.superyachttimes.com/photo/388848/image/large-fc8800ab90a98a7aa42b13e4a7e95c1a.png" data-gid="gid://syiq/Photo/388848">Green Yard’s green strideAn integral part of <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s strategy is sustainability, and the team prides themselves in ensuring every project is made by safe and reputable hands. “Our ships are built to the highest standards, using sustainable materials, responsible suppliers and we lay a strong focus on social standards and HSEQ,” notes Sigvald. “We maintain a clear focus on reducing our carbon footprint and emissions, both in production and in the vessels themselves.”Another way <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> strives to avoid waste is through conversion: conversion projects offer a significant potential in the reuse of hulls and equipment. Owners can obtain an up-to-date vessel with a significantly lower footprint, reduced cost, and shorter delivery time resulting in improved overall sustainability for their in-build project.<img src="https://photo-assets.superyachttimes.com/photo/388847/image/large-53637cddb558797c9a8fb70ba8c93672.png" data-gid="gid://syiq/Photo/388847">A well-rounded yardWhen having a vessel in-build, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is more than happy to work with leading international yacht designers, but also has the tools in-house to manage all interior and exterior yacht design. Furthermore, the shipyard maintains close cooperation with established yacht equipment and interior suppliers to ensure each project reflects the vision of the owner while maintaining the yard’s construction standards.“We see strong opportunities in the expedition yacht and yacht support vessel segment, where operational capability, reliability, and robust engineering are essential”, shares Hans Jørgen Fedog, CEO, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> Group. “The yard has a long history of building vessels designed for demanding environments. I believe this experience will be highly appreciated in the market.”Known for its robust engineering with quality craftsmanship, timely deliveries and supporting the full lifecycle of a vessel through its sustainable shipyard services, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is positioning themselves as a contender Northern European expedition yacht builder.<img src="https://photo-assets.superyachttimes.com/photo/222757/image/large-8ea995858d63549855939d2037d2ea3e.jpg" data-gid="gid://syiq/Photo/222757">Green Yard Kleven concepts in collaboration with Opalinski Design House.

Green Yard Kleven strengthens its position in the expedition yacht market

Green Yard Kleven focuses to expand its presence in the expedition yacht market

Green Yard Kleven returns to the expedition yacht market

According to Reuters, exhibitions group <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> is exploring the potential of selling a stake in its portfolio of Monaco-based events, which includes the <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>. <img src="https://photo-assets.superyachttimes.com/photo/365289/image/large-ad8f48599746d816f12e47e0c22f47eb.jpg" data-gid="gid://syiq/Photo/365289">The assets form part of <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>’s Luxury &amp; Lifestyle division, which also includes <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">Boat International</a> Publishing Group, the Palm Beach International Boat Show, the Fort Lauderdale International Boat Show, as well as Art Monte-Carlo and Art Miami.&nbsp;This portfolio generates approximately $200 million in annual revenue and according to Reuters, a stake sale could also generate around $200 million. There is currently no certainty that the transaction will take place and talks are still ongoing.The company is reportedly working with an investment bank to gauge interest in the package, with potential buyers thought to include sovereign wealth funds. <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>, which is valued at nearly $14 billion, saw its shares fall 11% on Monday before recovering.&nbsp;SuperYacht Times has reached out to <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> for further comment and will continue to update this story should further developments be made.&nbsp;

Informa stake sale in Monaco Yacht Show 

Informa is exploring the potential of selling a stake in its portfolio of Monaco-based events, which includes the Monaco Yacht Show.

Informa considers selling stake in luxury events including Monaco Yacht Show 

The brokerage market has spent the past twelve months navigating a familiar paradox: demand at the top end remains resilient but suitable supply, particularly above the 60 metre mark, is increasingly difficult to source. Against that backdrop, <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>’s leadership team describes a year defined less by any single headline transaction and more by a deliberate, repeatable approach: intensive market intelligence, decisive execution and a willingness to create opportunities beyond the public listings.<img src="https://photo-assets.superyachttimes.com/photo/381825/image/large-2a64e82a62f9c7d97fa47d0e35ba505a.jpg" data-gid="gid://syiq/Photo/381825">Speaking to SuperYacht Times, Jamie Edmiston and Alex Koersvelt point to a combination of strategy and structure, from technology investment to a culture designed to move quickly, as the levers behind a standout year. In 2025, the firm sold 44 yachts over 30 metres, with transactions exceeding €3bn in aggregate value. More notably, it accounted for 57 percent of all global sales in the 65 metre-plus segment, selling 7 of the 9 largest transactions during the year.While the numbers are significant, the leadership is clear that performance has been shaped as much by how the firm operates as by what it sold, particularly in a market where product availability remains the defining constraint.<img src="https://photo-assets.superyachttimes.com/photo/381829/image/large-2de8c96c1f44d294693f3a687047e89a.jpg" data-gid="gid://syiq/Photo/381829">Performance in a market shaped by scarcityAt the very top of the market, the fundamentals remain uncomplicated. As Jamie Edmiston puts it, confidence continues to be driven by supply and demand, a growing pool of ultra-high-net-worth buyers chasing a relatively small number of credible yachts, particularly above 80 metres. In that environment, the implication for brokerage houses is clear: quality assets, priced correctly, should transact, while older or less competitive yachts require realistic positioning to avoid stagnation.Koersvelt adds a further layer to the supply story: the market is developing increasingly clear dividing lines between generations of yachts. Design and lifestyle expectations have shifted markedly since the mid-2010s, beach clubs, volume, wellness and a more open, resort-led feel now carry real weight and the next decade is likely to introduce another separation as buyers focus more closely on reduced environmental impact and progressive propulsion and energy systems.The result is a stratified resale landscape. Price stability remains strongest for newer, high-quality tonnage and, in select segments, modest appreciation has been visible. That context helps explain why <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> sold more yachts than any other brokerage in 2025 and why those yachts transacted, on average, at roughly twice the speed of the wider market.For brokerage teams, this bifurcation changes the playbook. It raises the value of accurate, current intelligence on what constitutes best in class within a given segment and increases the premium on speed, both in presenting the right yachts and in converting interest into signed agreements before momentum fades.<img src="https://photo-assets.superyachttimes.com/photo/381827/image/large-d068b0625be738380b432dbee49cd1f7.jpg" data-gid="gid://syiq/Photo/381827">‘Market making’One of the clearest themes from the discussion is the firm’s emphasis on creating transactions rather than waiting for listings to do the work.Koersvelt points to deals such as <a data-gid="gid://syiq/Yacht/9151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lasata65.7m (215'7&quot;)Rossinavi2023">Alchemy</a> and <a data-gid="gid://syiq/Yacht/11888" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wingman80.1m (262'10&quot;)Damen Shipyards2022">U81</a> as examples where the yachts were not openly for sale, yet opportunities were engineered by widening the search beyond the visible marketplace. In practice, this approach relies on extensive relationship networks, a firm grasp of ownership intent and an ability to move quickly once a viable opening appears.In a year where <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> accounted for more than half of all global sales above 65 metres, that capability proved decisive. Limited public inventory means brokerage performance increasingly hinges on how effectively a house can convert ‘unavailable’ into ‘available’ discreetly, credibly and at speed.This also speaks to the broader competitive landscape. Many transactions never make it to completion and, as Koersvelt notes, market visibility often captures announcements rather than the volume of deals that collapse. Brokerage houses that can manage complexity, keep principals aligned and revive transactions thought to be lost are better positioned to outperform in a market where ‘nearly done’ is increasingly common.<img src="https://photo-assets.superyachttimes.com/photo/381824/image/large-2347c55957364665aab3adf491ba49e4.jpg" data-gid="gid://syiq/Photo/381824"><a data-gid="gid://syiq/Yacht/8907" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Breakthrough118.8m (389'9&quot;)Feadship2025">Breakthrough</a>While the firm is keen not to reduce the year to a single moment, <a data-gid="gid://syiq/Yacht/8907" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Breakthrough118.8m (389'9&quot;)Feadship2025">Breakthrough</a> provides a useful lens on top-end market confidence and deal execution.<a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> describes the yacht as personally significant: the firm was involved from the earliest sketches through to delivery, reflecting not only the complexity of the build but also the owner’s commitment to pushing boundaries. The subsequent resale, completed shortly before the Monaco Yacht Show, became one of the defining transactions of the year and contributed to the firm selling seven of the nine largest yachts to change hands globally in 2025.What matters is not just the scale of the deal but what it represents: a buyer and seller prepared to act decisively at the peak of the season, in a market where the best yachts trade quickly, quietly and often off-market.Technology as an enablerIn a brokerage world still heavily defined by relationships, Edmiston’s comments on technology are notable for their positioning. Systems, he argues, are there to augment judgement, not replace it.The firm has made multi-year investments in infrastructure designed to deliver real-time, highly accurate intelligence for brokers and charter teams. The logic is straightforward: better tools enable faster decisions, sharper pricing advice and more targeted marketing – all of which matter when supply is thin and competition for the right client is intense.For the wider sector, this reflects a broader trend among leading houses. Relationships bring opportunities to the table, but internal capability and execution increasingly determine whether those opportunities convert, particularly at the very top of the market.<img src="https://photo-assets.superyachttimes.com/photo/301678/image/large-ce3f096ce5a3b39788d5f09e6cd7e99a.jpg" data-gid="gid://syiq/Photo/301678">Culture, agility and the private-company advantageAnother recurring theme is the perceived advantage of operating as a privately owned business. Koersvelt argues that it allows for longer-term decision-making without the pressure of quarterly optics, while Edmiston emphasises speed and accessibility – the ability for client-facing brokers to pull senior expertise into negotiations without friction.Koersvelt and Edmiston both point to collaboration as a critical factor, particularly in a sector where individual drive can sometimes undermine teamwork. The leadership view is that a supportive internal culture, combined with empowerment in decision-making, improves conversion rates, especially in complex, time-sensitive negotiations where deals can stall for reasons unrelated to the yacht itself.This combination of agility and alignment helps explain how the firm maintained momentum in a year defined by limited supply, selling more yachts than any other broker despite fewer assets being openly available.Charter as a growth engineCharter features in the discussion not simply as a parallel business line but as part of the ecosystem that feeds ownership demand. Edmiston describes charter as “addictive”, once clients experience it, many do not return to villas or hotels, while Koersvelt highlights the importance of maintaining fleet quality in a market where large-yacht availability remains constrained.The firm continues to add high-specification tonnage to its charter offering, including the 87-metre <a data-gid="gid://syiq/Yacht/11565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vento87.0m (285'5&quot;)Turquoise Yachts2026">Vento</a> and a newly launched 72-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> flagship, reflecting the ongoing shift towards experience-led charter platforms.More broadly, the charter-to-owner pathway remains a meaningful contributor to market confidence. As charter introduces new audiences to the yachting lifestyle, it continues to seed future ownership demand, particularly among families and next-generation principals.<img src="https://photo-assets.superyachttimes.com/photo/289966/image/large-7adde5ae7f30c7dfc35582e87d0f59e9.jpg" data-gid="gid://syiq/Photo/289966">The challenge for 2026If there is one point the leadership returns to repeatedly, it is supply. <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> characterises the coming year’s central challenge as product availability rather than demand. In other words, the limiting factor for high-performing brokerage houses may be less about persuading buyers and more about locating the right yacht to sell, whether on-market or off-market.That dynamic is likely to shape strategies across the sector. Houses with the strongest intelligence, deepest networks and the discipline to give candid pricing advice may be best placed to maintain performance, particularly as generational differences in design, technology and environmental credentials continue to redefine what buyers consider worth owning.

Edmiston top 2025 brokerage

Speaking to SuperYacht Times, Jamie Edmiston and Alex Koersvelt share their view on Edmiston's success.

Brokerage in focus: How one brokerage translated a tight supply market into a standout year

David Westwood, Managing Director of <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW Yachts</a>, shares an insight into the realities behind the superyacht market’s much-discussed slowdown, how <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW</a> is bucking the trend with a strategic digital focus and what to expect in the coming charter and show seasons.<img src="https://photo-assets.superyachttimes.com/photo/264905/image/large-ba114c596bb9a8f15ca87f6095e4c8f2.png" data-gid="gid://syiq/Photo/264905">There's been plenty of talk about a slowdown in the superyacht sector. How does that compare with what you're seeing on the ground?I had real concerns at the end of 2024 that the momentum post-pandemic couldn’t possibly continue. The industry was running hot; sales in brokerage and new build were high, shipyards were under immense pressure due to full order books and delivery slots and we faced shortages across the board for good product, along with operational constraints, especially in the crewing sector, especially in crewing. A slowdown wasn’t just inevitable, in some ways it was needed.There was global uncertainty too: the US election, the Ukraine war and, more recently, instability in the Middle East. Typically, in an American election year, clients pause on speculation and sit tight. But interestingly, after the election result, we saw a steep uptake from December through February in both brokerage and charter. The US, which historically makes up over half of most firms’ sales, came back strongly.And has that recovery held into 2025? Not entirely. From March onwards, instability globally – tariffs, wars, shifting policies in Asia and the Far East has caused the momentum to dip again. The Middle East, which is a key charter market for us, softened slightly, and Asia was hesitant too, particularly in areas like Hong Kong and Singapore.What’s been fascinating for us at <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW</a> is that, while others are still talking about a slowdown, our figures are encouraging and have generally risen. We've seen a distinct rise in lead generation and, more importantly, a marked increase in conversions – particularly from our historical client database. Clients who’d previously stayed on the fence for two or three years are now engaging with intent. There’s also been real momentum in newer regions, with active conversations and transactions in markets such as Turkey, Uzbekistan, Mexico and Australia. We’ve seen a notable uplift in activity from those emerging territories, and a broader appetite for charter and brokerage alike.<img src="https://photo-assets.superyachttimes.com/photo/369119/image/large-bd5cdcfcfb6f166dbe4bcdfb56f35058.jpg" data-gid="gid://syiq/Photo/369119">Why do you think that is?&nbsp;I put it down to our digital-first approach. We made a conscious decision in the early 2020s to break from traditional formats and go all in on digital. We invested heavily in SEO &nbsp;and a large in-house marketing department, which has created a dynamic content strategy, delivered quickly. While others competed in the same space in the same way, we aimed to stand apart.Ultimately, while the market might be flattening in some segments, the demand is still there, it’s just a case of reaching clients the right way, with the right product, at the right moment.Which segment of the market do you think has been hit hardest?Although this isn’t my main area of expertise, it appears that the production segment has been hit fairly hard. A lot of shipyards pushed ahead post-COVID, expecting the momentum to continue, but sales didn’t match that optimism. There’s been a build-up of stock, especially in the US and dealers have struggled to shift it. It’s a riskier environment. However, we’re now seeing those inventories softening and the stock beginning to move, particularly with the US market picking back up.There’s also been a slight ‘factory reset’ on pricing and discounting, which more realistically reflects the reality of the market. And while we still operate in the production market, we’ve tightened our criteria. <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW’s</a> sweet spot is really the 35 to 75-metre segment, where we continue to thrive.<img src="https://photo-assets.superyachttimes.com/photo/369118/image/large-82ab91d0f9e1ad6ecbc9b591991c44af.jpeg" data-gid="gid://syiq/Photo/369118" style="background-color: initial; font-size: 0.85rem;">You also mentioned the charter market – how is 2025 shaping up?Strong overall. We had a significant wave of bookings between December and February and then another surge from May onwards. That cycle is fairly typical with spring holidays diverting attention, but overall, we’ve written a lot of charters this year and are happy with the results to date.Interestingly, it’s the newer boats that are being booked early. Yachts over five to ten years old are proving more difficult to fill in our core range, while the larger yachts, 75 metres and up, are facing leaner calendars than usual. That market has been slower to recover.That said, crew is everything. We have older yachts in our fleet with over 11 weeks of charter booked because of phenomenal crews. Repeat business plays a huge role, and loyalty to captains and heads of departments outweigh age in some cases.As we look ahead to the autumn show season, how are things shaping up?The shows are full – both Cannes and Monaco. I love Cannes: it’s interactive, relaxed and productive - a great place to showcase product. We’re bringing three yachts this year: the 55-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> <a data-gid="gid://syiq/Yacht/1549" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You55.0m (180'5&quot;)Heesen Yachts2011">After You</a>, the 37-metre <a data-gid="gid://syiq/Company/1756" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tansu Yachts (Company)">Tansu</a> <a data-gid="gid://syiq/Yacht/3414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Preference 1936.4m (119'5&quot;)Tansu Yachts2011">Preference</a> 19 and <a data-gid="gid://syiq/Yacht/9334" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M Forever33.0m (108'3&quot;)Custom Line2021">M Forever</a> the 33-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>.Monaco is busier and more intense, but also hugely exciting. We’re particularly proud to be bringing the brand new and recently delivered <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>, a 60-metre explorer from <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> and her support vessel <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>. They’re not for sale, but they’re going on a global voyage starting in Norway and heading through Greenland and the Northwest Passage and both are available for charter, the <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> <a data-gid="gid://syiq/Yacht/1549" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You55.0m (180'5&quot;)Heesen Yachts2011">After You</a> and <a data-gid="gid://syiq/Yacht/853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emerald50.4m (165'4&quot;)Feadship1990">Emerald</a>, the 51-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> will also be available for inspection.This article was first published in issue 54 of the SuperYacht Times newspaper, available for&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-54" rel="noopener noreferrer" target="_blank" title="">download here</a>.

David Westwood on the shifting superyacht market

David Westwood on the shifting superyacht market, digital strategy and emerging charter trends

As the superyacht brokerage market moves through the third quarter of 2025, our Head of Intelligence, Ralph Dazert, takes a closer look at the much-talked-about downturn of the market, focusing on the new-build segment while also taking a quick snapshot of the used yacht market. <img src="https://photo-assets.superyachttimes.com/photo/205866/image/large-9e77ac14b51b37bd7308b59535ec24a2.jpg" data-gid="gid://syiq/Photo/205866">New-build sales: still behind but catching up &nbsp;The new-build market started 2025 in a jittery mood, with uncertainty about the US market and the Trump Administration’s policy of import tariffs, coupled with a downward trend in the European market, worrying brokers and shipyards alike. &nbsp;The market for GRP yachts built to a model (dominant up to about 45-metres) has definitely taken some hits, with some well-known manufacturers like <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> and <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> in particular announcing staff reductions. Meanwhile, as of early August 2025, the share prices of the Italian builders <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> had also taken hits over the past twelve months (-15% and -35% respectively year-on-year since early August 2024), as did the shares of <a data-gid="gid://syiq/Company/4696" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alexander Marine USA (Company)">Alexander Marine</a>, the mother company of the Taiwanese builder <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> (-30% ), while the US yachting giant <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> (a large player in the sales of GRP-hulled boats and yachts up to 40-metres, among other activities) saw its share price decline by -22% since early August 2024. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/233014/image/large-859455f9fc8cd7009c71f9afe386ee4c.jpg" data-gid="gid://syiq/Photo/233014">We noticed that the major builders of GRP yachts generally have more new-builds and dealer stock boats available than they did a year ago, meaning they have capital tied up in those boats for more extended periods of time. &nbsp;All that makes for pretty grim reading, but what do the numbers look like? They are definitely behind on the same period in 2024, about 10% down, from 111 sales for the year up to 31 July 2024, to 100 for the year up to 31 July 2025. &nbsp;But, those are just high-level numbers, so let’s take a closer look: &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/369732/image/large-05acb7e14007169a5ee0284f3ba49a83.jpg" data-gid="gid://syiq/Photo/369732">New superyacht sales are following two divergent paths: sales of yachts up to 50-metres are down by 12% in numbers of yachts sold, while sales over 50-metres are stable. Interestingly, the decline between 30 and 40-metres can be attributed entirely to sailing yachts, which are down by six units year-on-year after experiencing something of a boom in 2024, as explained in our market column in SuperYacht Times issue 53. &nbsp;With attractive build slots for new sailing yachts currently in short supply, that segment has slowed down again. Even though sales numbers for motor yachts in the 30 to 40-metre segment appear to be stable, something has definitely changed in that market, as the share of stock sales (yachts completed on speculation and sold afterwards) has almost doubled compared to a year ago, from seven to 12 sales. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/232981/image/large-38c7f2ac13511369dc2615663dbd18d4.jpg" data-gid="gid://syiq/Photo/232981">Clearly, new yachts in this segment are taking longer to sell than they did before. Additionally, sales of projects started for the client have decreased by almost half compared to 2024, from 32 to 18 sales. Meanwhile, sales of projects started on speculation have increased slightly, from 12 to 16.The decline between 40 and 50-metres is mainly caused by lower sales of yachts up to 45-metres, which dropped by five units, while the number of sales above 45-metres (which are mainly steel-hulled yachts) has dropped by just one unit compared to the same period of 2024. &nbsp;Sales between 50 and 60-metres have held steady, while sales between 60 and 80-metres were up by one unit, as market activity in the larger segments is buzzing and appears to be largely unaffected by global economic and political turmoil. &nbsp;However, there is an important side note to be made here: we are hearing from several shipyards all over Europe that clients are taking longer and longer to sign on the dotted line and are actively playing out shipyards against each other more than before. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/235065/image/large-f66538822a46ab8fbc088b0df32647fe.jpeg" data-gid="gid://syiq/Photo/235065">Reportedly, clients at the top end of the market are baulking at Northern European price levels, as they perceive the new-build market as having weakened in their favour, so they are playing it hard. Meanwhile, yards in the top segment have little room to manoeuvre on the price. The order backlogs at the different players on the top end also vary, ranging from fully booked to yards that could use some extra capacity and are prepared to negotiate on price. &nbsp;At the moment, sales of newbuilds over 80-metres are still behind by one project. Still, the rather significant amount of large new-build projects under negotiation that we are tracking suggests that this new-build segment might notch up quite a few extra sales before the end of the year, making it a better year than 2024, which in itself was already a big improvement on 2023.&nbsp;So what about used yachts? &nbsp;The used yacht market warrants its own extensive study due to its sheer size and importance to the brokerage market overall. Still, for lack of space, we will leave you with a summary for the moment: the demand for used yachts over 30-metres appears to be stable compared to 2024 in terms of numbers of yachts sold, with 200 used yachts sold as of 31 July 2025, compared to 199 for the same period of the preceding year. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/233018/image/large-e530854b2f7981037879fc171adcbd1c.jpg" data-gid="gid://syiq/Photo/233018">The total gross tonnage (GT) sold is actually up by 8% to 93,500 GT, indicating that the average used yacht sold so far in 2025 is larger than in 2024. The total value of yachts sold so far in 2025 is hard to estimate, as we have already counted no less than 17 off-market deals so far in 2025 (including some huge yachts). Still, it is well over 3 billion euros, which is not dissimilar to our estimate for the same period for 2024. &nbsp;On paper, that is not all bad, but we are only in early August at the time of writing. As a final note, sales of used yachts appear to be following a slightly different pattern compared to those of new yachts, with the number of yachts sold between 30 and 40-metres down compared to last year, while sales between 40 and 50-metres slid after two positive years in 2023 and 2024. Sales over 50-metres are up, entirely due to a strong increase between 50 and 60-metres. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/369733/image/large-87ed2000a90cf58ad228f52c52bb381d.jpg" data-gid="gid://syiq/Photo/369733">ConclusionWhile the new-build market up to about 45-metres is very challenging at the moment, the larger segment is trending upward. In contrast, the used yacht market appears to be holding steady and exhibits similar divergent paths in sales numbers to the new yacht market, with total sales of yachts up to 50-metres down compared to last year, while sales of the larger superyachts over 50-metres are up. We are very curious to see how the rest of the year will play out for the market, with the important third quarter and its key yacht shows coming up.This article was first published in issue 54 of the SuperYacht Times newspaper, available for <a href="https://www.superyachttimes.com/newspaper/newspaper-issue-54" rel="noopener noreferrer" target="_blank" title="">download here</a>.

Superyacht market insight Q3 2025

Is the market slowing down? Ralph Dazert takes a look at current superyacht trends.

Is the superyacht brokerage market slowing down in 2025?

The 30-metre <a data-gid="gid://syiq/Company/5574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Extra Yachts (Company)">Extra Yachts</a> motor yacht <a data-gid="gid://syiq/Yacht/10721" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="X One30.0m (98'5&quot;)Extra Yachts2023">X One</a> is currently on the market with Jan Jaap Minnema and Quentin Bourgeois of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>.<img src="https://photo-assets.superyachttimes.com/photo/401131/image/large-cc1039b866c3e225bc2552fa9480759a.jpg" data-gid="gid://syiq/Photo/401131">Delivered in 2023 by the Italian shipyard, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is an Extra X99 Fast, previously known as Mini and Mini K2. She features exterior design by <a data-gid="gid://syiq/Company/4541" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Guida Design (Company)">Francesco Guida Design</a>, while her interior design was penned by <a data-gid="gid://syiq/Company/58" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luca Dini Design & Architecture (Company)">Luca Dini Design &amp; Architecture</a>. Her naval architecture was crafted by <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/401138/image/large-36c301181f54075043ab1ca9d0e25485.jpg" data-gid="gid://syiq/Photo/401138"><img src="https://photo-assets.superyachttimes.com/photo/401139/image/large-0774c56c55635ec72cd524a8aa5cedc9.jpg" data-gid="gid://syiq/Photo/401139">Outside, <a data-gid="gid://syiq/Yacht/10721" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="X One30.0m (98'5&quot;)Extra Yachts2023">X One</a> presents a sleek exterior defined by dark wraparound glazing and flowing lines. Aft, fold-down platforms extend her beach club area, while a covered dining space seamlessly connects with the main saloon through sliding glass doors.<img src="https://photo-assets.superyachttimes.com/photo/401142/image/large-bc0312d7871679949ac958e600483594.jpg" data-gid="gid://syiq/Photo/401142" 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 yacht <a data-gid="gid://syiq/Yacht/10721" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="X One30.0m (98'5&quot;)Extra Yachts2023">X One</a>&nbsp;for sale welcomes guests with a modern, Scandinavian-inspired interior finished in light oak joinery, neutral furnishings and floor-to-ceiling glazing that bathes her living spaces with natural light. Her main saloon flows into a fully equipped helm station, complete with a bar, dining table, and generous sun beds.<img src="https://photo-assets.superyachttimes.com/photo/274309/image/large-e18595ce75fece09adf0f0114291fa52.jpg" data-gid="gid://syiq/Photo/274309">Constructed with a GRP hull and superstructure, 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> has a beam of 7.18-metres and a shallow 1.38-metre draft, enabling access to remote bays and anchorages. <img src="https://photo-assets.superyachttimes.com/photo/274301/image/large-4ead422e80657b8174e579741a6e8492.jpg" data-gid="gid://syiq/Photo/274301" 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;">Spanning 168 GT, accommodation onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=extra-yachts" rel="noopener noreferrer" target="_blank" title="">Extra yacht for sale</a> is arranged for up to 10 guests across four well-appointed staterooms, comprising a full-beam owner's suite, a spacious VIP stateroom and two twin guest staterooms. Separate quarters sleep up to five crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/274299/image/large-3e82263e4423da973a9fc3d6b6fc084c.jpg" data-gid="gid://syiq/Photo/274299"><img src="https://photo-assets.superyachttimes.com/photo/274306/image/large-d86e0aed92d89fc4833f7bf0428d3494.jpg" data-gid="gid://syiq/Photo/274306"><img src="https://photo-assets.superyachttimes.com/photo/401155/image/large-c94333f37a7ebdfe4147d93a5e18c8fd.jpg" data-gid="gid://syiq/Photo/401155">In terms of performance, <a data-gid="gid://syiq/Yacht/10721" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="X One30.0m (98'5&quot;)Extra Yachts2023">X One</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, propelling her to a top speed of 32 knots, and a cruising speed of 15 knots. <img src="https://photo-assets.superyachttimes.com/photo/401157/image/large-9f8edf5ea8c0e1670253606bb332a2c8.jpg" data-gid="gid://syiq/Photo/401157">

30m Extra Yachts motor yacht X One for sale

The 30-metre Extra Yachts motor yacht X One is currently for sale with Fraser.


<a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> has taken over the former oil terminal at Falmouth Docks, in Cornwall, England with plans to repurpose the site for maritime use following the halt of oil storage operations, according to a report by Paul Armstrong of English newspaper Falmouth Packet. <img src="https://photo-assets.superyachttimes.com/photo/378842/image/large-63620590d061647af6296e6df585486f.jpg" data-gid="gid://syiq/Photo/378842">For the past 18 months, the terminal has been inactive, having neither stored oil nor supplied fuel during that period, according to Armstrong’s report. <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> said the acquisition is intended to support Falmouth’s marine industry, while keeping the facility under local ownership.Speaking to Falmouth Packet, <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> Group Operations Director Charlie Ross said the previous operator, Falmouth Petroleum Services, had ceased trading "with no prospect of recovery", leaving only a small number of jobs connected to the site.&nbsp;He added that <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> had consulted with the remaining employees: some were retained within the business, others were redeployed elsewhere in the group, and some roles ended by mutual agreement as the previous operation wound down.Falmouth Oil Services Limited, which was linked to the operation had ceased trading and was officially dissolved on 13 December 2022, Falmouth Packet reported.However, a former employee disputed Pendennis' account, alleging that nine employees were informed on 24 July that the business had been sold before being told three days later that their employment had ended, the newspaper reported. The former employee also claimed that after oil services were moved offshore during the pandemic, the site's tanks had been used to store waste oil while operations continued at a reduced level.Ross told Falmouth Packet that <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> believes it is important for the facility to remain under the stewardship of a local maritime business rather than continue as an oil terminal. While no detailed redevelopment plans have yet been announced, the shipyard said it intends to invest in the site with the goal to support the wider port and local economy for the long haul.

Pendennis acquires oil terminal at Falmouth Docks

Pendennis Group has acquired the former oil terminal at Falmouth Docks, with plans to repurpose the site for maritime use.

<a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a> has announced that the <a data-gid="gid://syiq/Yacht/12106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering 88/0326.2m (85'11&quot;)Bering Yachts2026">third 26.2-metre Bering 88</a> has successfully completed her first sea trials.<img src="https://photo-assets.superyachttimes.com/photo/401129/image/large-9acca3f23fe9d7f311a4b891bff455d0.jpg" data-gid="gid://syiq/Photo/401129">The <a data-gid="gid://syiq/Yacht/12106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering 88/0326.2m (85'11&quot;)Bering Yachts2026">latest hull</a> in the Bering 88 series evolved from the Bering 80 platform. The updated model keeps the same general architecture and core capabilities as its predecessor while incorporating refreshed exterior styling and an updated equipment package. The first two Bering 88 yachts are already in operation. <img src="https://photo-assets.superyachttimes.com/photo/401133/image/large-5b5904c075de4b7261e77fcb42661d39.jpg" data-gid="gid://syiq/Photo/401133">"There are some questions like you had a Bering 80, now it's Bering 88. It's actually the same concept, the same platform," said Founder and CEO of <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a>, Alexei Mikhailov. "If it's a successful platform and a good boat, you just can update and perfect it, change the exterior styling to be in line with current trends." &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/401124/image/large-d50056cc0e85c589cb4dae2e6cf0e66e.jpg" data-gid="gid://syiq/Photo/401124" 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;">At a cruising speed of eight knots, the yacht recorded a fuel consumption of approximately 60 litres per hour with both engines running, giving a theoretical range of around 5,000 nautical miles. <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a> noted that this figure is based on fuel consumption calculations and does not account for generator usage, safety reserves or other operational variables. <img src="https://photo-assets.superyachttimes.com/photo/401125/image/large-ca5f99d84430f5e1b56d0ca13d1980d9.jpg" data-gid="gid://syiq/Photo/401125">Mikhailov also highlighted the option of operating on a single engine during long-range passages, explaining that it can reduce engine hours and maintenance requirements while maintaining efficient operation. During the trials, the yacht's full-displacement steel hull was tested in 15 to 20-knot winds and residual swell.<img src="https://photo-assets.superyachttimes.com/photo/401122/image/large-a6351d3f0a5bed7d4fe9bdac99433e1c.jpg" data-gid="gid://syiq/Photo/401122">Onboard highlights include a skylounge fitted with a gym, Hammam and lounge area, with a flybridge arranged with lounge seating, sun beds, a dining table, wet bar, and grill. Moving inside, her main deck features an owner's suite complete with a walk-in wardrobe, alongside a sociable main saloon and ten-person dining table.Read more:&nbsp;<a data-gid="gid://syiq/Article/60624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 26m Bering 80 motor yacht launched (2024-06-03 11:00:00 +0200)">First 26m Bering 80 motor yacht launched</a><img src="https://photo-assets.superyachttimes.com/photo/401127/image/large-312d53ebd936eb877b970ee85a3027fc.jpg" data-gid="gid://syiq/Photo/401127" 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;">Featuring exterior design and naval architecture by <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a>, the 233 GT explorer yacht accommodates up to 10 guests across five staterooms, alongside four crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/401130/image/large-cb4ac87c8d390cccdd6c01a4bc7af11a.jpg" data-gid="gid://syiq/Photo/401130" 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;">In terms of performance, the yacht is powered by twin <a data-gid="gid://syiq/Company/1483" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cummins Inc. (Company)">Cummins</a> engines, providing a cruising speed of 8.5 knots and a top speed of 11 knots.

Third 26m Bering 88 motor yacht completes sea trials

The third 26-metre Bering 88 motor yacht has completed her first sea trials in Antalya, Turkey.

For more than 15 years, the superyacht industry has been talking about a workable Yacht Engaged in Trade (YET) regime in Italy. In May 2026, Italian Customs open to charter under temporary admission – particularly those registered in the Marshall Islands, Cayman Islands and Isle of Man, where YET frameworks are already well established – now have a formal path to combine private use with carefully controlled charter activity in Italian waters.<img src="https://photo-assets.superyachttimes.com/photo/281933/image/large-0ce00317-ebcc-42a3-bec6-6f1a9b1a7786.jpeg" data-gid="gid://syiq/Photo/281933">For owners, family offices and charter professionals, this is a rare shift in the rules of the game. It creates new possibilities in one of the most important yachting markets in the world, but it also introduces technical, and not yet widely understood, challenges around VAT, customs, insurance and regulation.<img src="https://photo-assets.superyachttimes.com/photo/299311/image/large-3474e99179602d803e092b02a6b604ca.jpg" data-gid="gid://syiq/Photo/299311">What the new regime actually allowsThe YET framework is designed for large private yachts that wish to remain fundamentally private-use assets but want the option to conduct limited charter activity &nbsp;under a defined regulatory umbrella.In practice, a privately registered non-EU yacht (for example Marshall Islands, Cayman Islands or Isle of Man) retains the benefits of that flag and existing ownership structures and can undertake charters in Italy to non-EU charterers under a specific compliance regime, without converting into a full-time commercial yacht.The core concept is “occasional commercial use” of a private yacht in Italy, under conditions that are clear enough to be manageable, but strict enough to satisfy Italian Customs and tax authorities.<img src="https://photo-assets.superyachttimes.com/photo/283467/image/large-4d12c7d5-d7ea-4f27-9f7e-7505bf8338a0.jpeg" data-gid="gid://syiq/Photo/283467">VAT, customs, insurance and rules: where it bitesVAT and customsVAT and customs should be handled also when a private yacht &nbsp;is engaged in trade in Italian territory. Ezio Vannucci of Moores Rowland Partners reminded us of the main obligations<ul><li>VAT on charter fees<ul><li>Charters conducted under the regime are subject to Italian VAT on the charter fee, broadly aligned with existing rules for commercial charter in Italy</li><li>VAT will need to be collected and paid to the Italian Tax authority through an Italian VAT Representative .</li></ul></li></ul><ul style="list-style-type: disc;"><li>Customs status and existing YET structures&nbsp;<ul><li>Many non-EU flagged yachts in the Med already operate under YET frameworks in France, Monaco under temporary admission Customs regime&nbsp;</li><li>The Italian Circular provides a specific procedure applicable to yachts under temporary admission to be engaged in charter with departure from an Italian Port and/or when physically in Italy</li><li>Owners will need to take specific actions and file documentation to show when the yacht is in private mode and when it is engaged in trade.</li></ul></li></ul><img src="https://photo-assets.superyachttimes.com/photo/286890/image/large-e06f35e696ca26edd0a2b36ec90fe666.jpg" data-gid="gid://syiq/Photo/286890">Insurance, safety and crewing &nbsp;Ezio Dal Maso, head of the Superyacht Practice at Stephenson Harwood reminds that the regime also has implications for insurance and regulatory requirements:<ul><li>Insurance&nbsp;<ul><li>Hull and P&amp;I policies must expressly cover charter activity in Italian waters under the new framework.</li><li>Insurers are likely to ask for evidence that Italian YET conditions are being met: crewing levels, technical standards and properly documented charter contracts</li></ul></li><li>Rules, safety and manning&nbsp;<ul><li>When a yacht is engaged in trade under the Italian regime, it must comply with the relevant commercial standards mandated by its flag and class, and with applicable Italian port/state control requirements.</li><li>This includes appropriate manning, certification and safety management, even if the yacht is privately used outside charter periods.</li></ul></li></ul>For captains and managers, the practical impact is that the yacht must consistently be run at a standard that allows it to switch into “charter mode” without exposing the owner to regulatory or insurance gaps.Implementation challenges &nbsp;Because the regime is new, there will be a bedding-in period:<ol><li>Interpretation on the ground: Different customs and tax offices may initially take different views on specific points.</li><li>Administrative lead times: Authorisations and notifications will require forward planning. Owners hoping to accept last-minute Italian charters may find themselves constrained if formalities have not been anticipated.</li><li>Interaction with other YET regimes: Yachts already operating under YET in other jurisdictions must ensure that the Italian framework dovetails with flag requirements and existing tax planning. This is not automatic and may require adjustments to documentation, contracts or operating procedures.</li><li>Evidence and record-keeping: As with all hybrid-use models, the burden of proof sits with the owner and manager. Documentation of each charter, VAT treatment, crew status and compliance with safety rules will be critical if the yacht is audited.</li></ol>Impact on the Western Med – and the industry signalWithin the Western Med, Italy’s move is likely to have three main effects:<ul><li>&nbsp;More private yachts available for Italian charters: Owners who were previously reluctant to charter in Italy because of legal uncertainty now have a clearer route to do so, potentially increasing supply on key Italian cruising grounds.</li><li>Greater itinerary flexibility: A yacht operating under a recognised YET regime can, in principle, build compliant itineraries that include Italian legs alongside France, Spain or Greece, rather than treating Italy as a “no-go” for charter.</li><li>Pressure for regulatory alignment: As Italy joins other jurisdictions experimenting with hybrid private/charter structures, there may be gradual pressure towards more consistent treatment across the main Med hubs.</li></ul>More broadly, the Italian regime confirms that regulators now recognise the reality of hybrid use in the superyacht sector. In exchange for flexibility, they expect more robust compliance, documentation, and governance.For owners, family offices and managers, this is not a plug-and-play solution. The new Italian rules need to be integrated with existing flag choices, financing, tax assumptions, and cruising patterns. Those who invest early in structuring their Italian charter operations correctly will benefit the most by having access to a key charter market, smoother itineraries for clients, and a defensible position if questioned by authorities.Given the novelty of the solution, appropriate advice from a legal and tax and customs approach needs to be taken to ensure that YET operations in Italy will achieve the success that it is intended to pursue.

Italy new yacht charter rules

Ezio Dal Maso shares legal insights on superyacht finance and the evolving yacht charter market.

Italy opens new charter path for non-EU private superyachts

British yacht builder <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker International</a> has announced that Cross Ocean Partners and Cheyne Capital have completed the process of becoming its long-term owners and shareholders.The shipyard has also appointed Scott Millar as its new chief executive officer and announced several additions to its executive team. He will succeed Steve Timms, who has served as interim chief executive during the company’s ownership transition.<img src="https://photo-assets.superyachttimes.com/photo/267386/image/large-b625274087c4140f98ca0501da7527c1.jpg" data-gid="gid://syiq/Photo/267386">The ownership transfer follows a period of financial and organisational restructuring at Sunseeker. Cross Ocean Partners and Cheyne Capital provided new funding to the company in November 2025 before announcing plans to assume ownership after a proposed acquisition by a consortium led by KCP did not proceed earlier this year.“It was important to us not to rush the appointment of a permanent CEO,” commented Timms. “We wanted it to be someone who truly cares about this brand, who has the vision, passion and experience necessary to lead <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> into its next phase of growth with true stability.”<img src="https://photo-assets.superyachttimes.com/photo/401048/image/large-10166d62b4dca149319ff975d363f0b8.jpg" data-gid="gid://syiq/Photo/401048">Millar first became involved with <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> through advisory firm Teneo, where he supported the development of the company’s five-year growth plan. He has more than 27 years of experience in business transformation and operational improvement, having held several senior executive positions across a range of international industries.Speaking about his appointment, Millar commented: “What attracted me most to <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> was the scale of opportunity ahead. We have a clear vision, ambitious plans for growth and the full support of our shareholders to invest in the brand, our people and our products. I am honoured to lead the business into this next chapter and excited about what we can achieve together for our customers.”Alongside Millar’s appointment, <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> has named Andy Gawthorpe as chief commercial officer, Ian Morgan as chief strategy officer and James Grove as chief information officer. Adrian Mardell has joined the company as non-executive chairman.<img src="https://photo-assets.superyachttimes.com/photo/267387/image/large-ea63c471542dba75bc59d39891b17660.jpg" data-gid="gid://syiq/Photo/267387">According to <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>, the appointments form part of a broader transformation spanning its commercial, product development and operational activities. The <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">company</a> said investment from Cross Ocean Partners and Cheyne Capital is supporting this programme, including plans to enhance and expand its product range.

Sunseeker confirms new ownership

Sunseeker has announced that Cross Ocean Partners and Cheyne Capital have completed the process of becoming its long-term owners.

Sunseeker confirms new ownership and appoints executive team

The 32.1-metre <a data-gid="gid://syiq/Company/536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora (Company)">Maiora</a> motor yacht <a data-gid="gid://syiq/Yacht/5212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grey Wolf32.1m (105'4&quot;)Maiora2006">Grey Wolf</a> has been listed for sale with Pantelis Stathis of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC.</a> <img src="https://photo-assets.superyachttimes.com/photo/401026/image/large-ff23868f0e332a300907b2b52f45465a.jpg" data-gid="gid://syiq/Photo/401026">Delivered in 2006 by Italian shipyard <a data-gid="gid://syiq/Company/536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora (Company)">Maiora</a>, 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> was previously named Princess L and Gaia. <a data-gid="gid://syiq/Yacht/5212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grey Wolf32.1m (105'4&quot;)Maiora2006">Grey Wolf</a> features exterior design by <a data-gid="gid://syiq/Company/767" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Roberto Del Re (Company)">Roberto Del Re</a>, while her interior design and naval architecture were both crafted by her builder. She underwent a refit earlier this year.<img src="https://photo-assets.superyachttimes.com/photo/401024/image/large-a0adabc2c89620a58a589584e595339b.jpg" data-gid="gid://syiq/Photo/401024">Outside, <a data-gid="gid://syiq/Yacht/5212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grey Wolf32.1m (105'4&quot;)Maiora2006">Grey Wolf</a> is characterised by sporty lines and an exterior layout designed to maximise time spent on the water. Her spacious aft deck is centred on alfresco dining, while her generous foredeck lounge is ideal for entertainment and relaxation. <img src="https://photo-assets.superyachttimes.com/photo/401029/image/large-7c62ffc333ccde78b35cd82d2841add8.jpg" data-gid="gid://syiq/Photo/401029">At her flybridge, further space is offered for socialising while underway or at anchor, making the yacht ideal for coastal cruising or longer stays onboard.<img src="https://photo-assets.superyachttimes.com/photo/401030/image/large-5aa0722ad644fe6b3f4bdddfd787c8dc.jpg" data-gid="gid://syiq/Photo/401030">Stepping inside, the <a data-gid="gid://syiq/Yacht/5212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grey Wolf32.1m (105'4&quot;)Maiora2006">yacht Grey Wolf for sale</a> welcomes guests with an interior that blends light oak joinery and dark wood flooring, creating a bright and contemporary space. A spacious main saloon flows into her formal dining area, where ambient lighting and large windows allow abundant natural light throughout.<img src="https://photo-assets.superyachttimes.com/photo/401021/image/large-a4ab21b90f2f1481af5ce90911d1d7aa.jpg" data-gid="gid://syiq/Photo/401021"><img src="https://photo-assets.superyachttimes.com/photo/401025/image/large-c888ae6b449b49d414355a6b77077b5c.jpg" data-gid="gid://syiq/Photo/401025" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Constructed with a GRP hull and superstructure, she has a beam of 6.7-metres and an interior volume of 150 GT. Accommodation onboard is arranged for up to 12 guests across five well-appointed staterooms. Dedicated quarters sleep up to six crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/401020/image/large-0cd6d9e22864bc9b354dca84a7582ced.jpg" data-gid="gid://syiq/Photo/401020">In terms of performance, <a data-gid="gid://syiq/Yacht/5212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grey Wolf32.1m (105'4&quot;)Maiora2006">Grey Wolf</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, propelling her to a top speed of 26 knots speed of and a cruising speed of 20 knots. <img src="https://photo-assets.superyachttimes.com/photo/401023/image/large-2f45ea6c1460428a64011d977ebc4a5e.jpg" data-gid="gid://syiq/Photo/401023">All images provided courtesy of&nbsp;<a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC.</a>

32m Maiora motor yacht Grey Wolf for sale

The 32.1-metre Maiora motor yacht Grey Wolf has been listed for sale with IYC.

The 44.2-metre <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> superyacht <a data-gid="gid://syiq/Yacht/9409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heeus44.2m (145'0&quot;)Bering Yachts2022">Heeus</a> is on the market with Josh Marshall of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> forms part of the <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> 145 series.<img src="https://photo-assets.superyachttimes.com/photo/274537/image/large-e297e844d40e9a6601063f3cd22994de.jpg" data-gid="gid://syiq/Photo/274537">Delivered in 2022, she features naval architecture and interior design penned in-house by her builder, while her exterior design was crafted by <a data-gid="gid://syiq/Company/2069" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SABDES Yacht Design (Company)">SABDES Yacht Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/274528/image/large-023dc9315f1d2ae8decc3cae72a905b3.jpg" data-gid="gid://syiq/Photo/274528"><img src="https://photo-assets.superyachttimes.com/photo/274550/image/large-4a381f8537b9b9ac03520dc27a800277.jpg" data-gid="gid://syiq/Photo/274550">Inside, her interiors take inspiration from the elegance and comfort of Scandinavian design. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale</a> was designed for extended periods onboard, whether for private family cruising or luxury charter experiences. Guests can relax in the main saloon, with formal dining for up to 12 located forward of the space.<img src="https://photo-assets.superyachttimes.com/photo/274545/image/large-cf5c18b473066d534943f4a721ec04b3.jpg" data-gid="gid://syiq/Photo/274545"><img src="https://photo-assets.superyachttimes.com/photo/274546/image/large-e46affdf4a93859f0adf84b6178690d9.jpg" data-gid="gid://syiq/Photo/274546">In terms of accommodation, the <a href="https://www.superyachttimes.com/yachts/heeus" target="_blank">yacht Heeus for sale</a> can sleep up to 12 guests across six well-appointed staterooms, while a crew of nine ensures a high standard of service. <img src="https://photo-assets.superyachttimes.com/photo/274549/image/large-998d4a3317ab3bf816e7209db71cf4fd.jpg" data-gid="gid://syiq/Photo/274549"><img src="https://photo-assets.superyachttimes.com/photo/274548/image/large-f30e044c90d6a36a6518cfe60f6bfd6a.jpg" data-gid="gid://syiq/Photo/274548">Outside, a spacious beach club creates a direct connection to the water, while the expansive flybridge offers an exceptional entertaining space complete with a Jacuzzi, bar, and ample seating areas capable of hosting up to 40 guests.<img src="https://photo-assets.superyachttimes.com/photo/274532/image/large-d197d069277dd6d40658aeec4de9a837.jpg" data-gid="gid://syiq/Photo/274532">Other standout features include an oversized tender deck, advanced stabilisation, and heavy-lift capability, all within a volume of just under 500 GT. <img src="https://photo-assets.superyachttimes.com/photo/274536/image/large-7ac332352ed6f1b4479e1cffda5f9e97.jpg" data-gid="gid://syiq/Photo/274536">Regarding <a data-gid="gid://syiq/Yacht/9409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heeus44.2m (145'0&quot;)Bering Yachts2022">Heuus</a>' propulsion system, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=bering-yachts" target="_blank">Bering yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, giving her a cruising speed of 10 knots and a top speed of 13 knots.Photos provided courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

Bering yacht Heeus for sale

The 44.2-metre Bering superyacht Heeus is on the market with Josh Marshall of IYC.

44m Bering superyacht Heeus for sale

<a data-gid="gid://syiq/Company/544" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crescent Custom Yachts (Company)">Crescent Custom Yachts</a> has commenced construction of its <a data-gid="gid://syiq/Yacht/16625" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crescent Custom Yachts CCY11033.5m (109'11&quot;)Crescent Custom Yachts2027">first 33.5-metre spec-build yacht</a> in its new CCY110 series. According to the Canadian shipyard, fabrication of the all-aluminium hull and deck is already well underway.<img src="https://photo-assets.superyachttimes.com/photo/401019/image/large-4bbe419863dccd35b6289ace32dc7945.png" data-gid="gid://syiq/Photo/401019">Designed by <a data-gid="gid://syiq/Company/5073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lazzara Ombres Architects (Company)">Joe Lazzara</a> and engineered by <a data-gid="gid://syiq/Company/62" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gregory C. Marshall Naval Architect Ltd. (Company)">Gregory C. Marshall Naval Architects</a>, the yacht will allow its future owner to customise the interior design, accommodations, and technical specifications as construction progresses.“The CCY110 represents a significant evolution for <a data-gid="gid://syiq/Company/544" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crescent Custom Yachts (Company)">Crescent</a>,” said <a data-gid="gid://syiq/Company/544" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crescent Custom Yachts (Company)">Crescent Custom Yachts</a> Principal Tim Charles. “Building our first hull on spec demonstrates our confidence in the concept while giving an owner the opportunity to acquire a highly customized yacht on an accelerated delivery schedule.”<img src="https://photo-assets.superyachttimes.com/photo/401018/image/large-04c79a1d84423d6624d4dc8c97b75c91.png" data-gid="gid://syiq/Photo/401018">According to designer Joe Lazzara, the CCY110’s design is centered around social spaces created to gather family and friends together. One of the yacht’s key features is a 1,500-square-foot beach club, which serves as the primary social hub by combining indoor and outdoor living. The space includes an open-air chef’s kitchen with a teppanyaki grill, prep galley, plunge pool, wellness room, multiple lounge areas, and direct access to the sea.“With more than 7,100 square feet of living and deck space and over 400 gross tons of volume, it offers the amenities of our 45-metre monohull within a 33.5-metre platform, making it exceptionally well suited for both private ownership and charter operations.”<img src="https://photo-assets.superyachttimes.com/photo/401017/image/large-846f8d27ee01da80748cb5ee22a26ad1.png" data-gid="gid://syiq/Photo/401017">The yacht’s engineering is also designed for shallow-water destinations, including Florida and the Bahamas. The CCY110 can accommodate guests across six staterooms, including a full-beam private primary suite.“There is growing demand for yachts that can be built more efficiently without compromising quality or capability,” concluded Gregory C. Marshall. “Our engineering objective was to eliminate unnecessary complexity, maximize structural efficiency, and develop a platform that delivers exceptional interior volume and long-term operating economy.”<img src="https://photo-assets.superyachttimes.com/photo/401016/image/large-e8b6b7f6a5e8062a9fa750f1784de43d.png" data-gid="gid://syiq/Photo/401016">According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, <a data-gid="gid://syiq/Company/544" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crescent Custom Yachts (Company)">Crescent Custom Yachts</a> currently has three superyachts under construction, including the 45.83-metre <a data-gid="gid://syiq/Yacht/13715" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy45.83m (150'4&quot;)Crescent Custom Yachts2027">Legacy</a> and the 42.07-metre <a data-gid="gid://syiq/Yacht/3177" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dauntless42.07m (138'0&quot;)Crescent Custom Yachts2026">Dauntless</a>.

First Crescent CCY110 yacht in-build

Crescent Custom Yachts has commenced construction of its first 33.5-metre spec-build yacht in its new CCY110 series.

Construction begins on first 34m Crescent CCY110 motor yacht

<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has announced its support for a consortium-led bid to acquire the business undertaking of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> (TISG), which is undergoing court-supervised restructuring proceedings in Italy.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">The offer was submitted by Polo Nautico Carrara (PNC), a company to be incorporated that will operate on a consortium basis. The initiative is being promoted by Riccardo Cima, a partner at Viareggio-based accounting firm Moores Rowland. According to the promoters, the consortium aims to preserve employment, restart industrial operations, support the local supply chain and maintain shipbuilding activities in the Carrara region.Under the proposed ownership structure, 10% of PNC is expected to be held by a company to be incorporated by Riccardo Cima and certain suppliers. Meanwhile, the remaining 90% is expected to be owned by two or three internationally recognised shipyards with which discussions are at an ‘advanced stage,’ according to <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>.The shipyard said it intends to acquire a minority stake in PNC and has issued a letter of patronage supporting the consortium's participation in the competitive sale process, covering up to 10% of the proposed purchase price as security for PNC's payment obligations.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">The bid covers <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> operating business, excluding its debts and receivables. The continuation and completion of existing yacht construction contracts would be subject to separate negotiations with the respective yacht owners.The proposal remains subject to due diligence, the launch of a court-supervised competitive sale process and the satisfaction of other customary conditions. The offer is non-binding and does not obligate either <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> or the court-appointed judicial commissioners to proceed with the transaction.Read more: <a data-gid="gid://syiq/Article/66603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG chairman Giovanni Costantino resigns, triggering board dissolution (2026-07-21 09:30:00 +0200)">TISG chairman Giovanni Costantino resigns, triggering board dissolution<img src="https://photo-assets.superyachttimes.com/photo/386329/image/large-5b57b6cc7647b019165636d2e632aab4.jpg" data-gid="gid://syiq/Photo/386329"></a>The announcement follows a period of significant upheaval at <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>. In July, chairman and CEO Giovanni Costantino and non-executive director Gianmaria Costantino resigned, triggering the dissolution of the company's board under Italian corporate law. The outgoing board will continue to operate on an interim basis until shareholders appoint a new board as the company continues its court-supervised restructuring process.Read more: <a data-gid="gid://syiq/Article/66488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG granted 60 days to file restructuring plan (2026-07-06 09:00:00 +0200)">TISG granted 60 days to file restructuring plan</a>Earlier this month, the Court of Florence confirmed protective measures under Italy's Crisis and Insolvency Code, allowing <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> to continue operating while it prepares a restructuring plan. The company has also been evaluating a capital increase of around €100 million to strengthen its financial position.<img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-51d1bbb7790e914617b6d8465cf3f0ad.jpg" data-gid="gid://syiq/Photo/261779">Commenting on the proposal, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Executive Chairman Massimo Perotti said the company chose to support the initiative to help safeguard employment, preserve Italy's shipbuilding expertise and contribute to the long-term development of the local maritime industry.He added: "Our intention is to bring to the project the industrial strength, expertise and long-term vision of Polo Nautico Carrara's shareholders, in order to enhance the local industrial ecosystem and promote the excellence of Italian craftsmanship worldwide."Read more:&nbsp;<a data-gid="gid://syiq/Article/66329" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group denies The Italian Sea Group acquisition rumours (2026-06-15 09:45:00 +0200)">Ferretti Group denies The Italian Sea Group acquisition rumours</a>Earlier this year, market speculation linked TISG with potential acquisitions by German shipbuilder <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> and 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>. Both companies publicly denied pursuing a transaction.

Sanlorenzo backs TISG consortium bid

Sanlorenzo has announced its intention to take a minority stake in a consortium bidding to acquire the operating business of TISG.

Sanlorenzo backs consortium bid for TISG’s business undertaking

<img src="https://photo-assets.superyachttimes.com/photo/400986/image/large-52d8b9c39615b320e22d9ffa5fc30d7a.jpeg" data-gid="gid://syiq/Photo/400986">The newly delivered 38.98-metre <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> sailing yacht <a data-gid="gid://syiq/Yacht/13925" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raijin38.98m (127'11&quot;)Nautor Swan2026">Raijin</a> was spotted anchored off Corfu last Saturday.Named after the Japanese god of thunder, lightning and storms, <a data-gid="gid://syiq/Yacht/13925" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raijin38.98m (127'11&quot;)Nautor Swan2026">Raijin</a> is the second hull in the Swan 128 series, building on the design of the first hull, <a data-gid="gid://syiq/Yacht/12543" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BeCool38.98m (127'11&quot;)Nautor Swan2025">BeCool</a>, while introducing updated interior styling and refinements to her energy management and propulsion systems.She features naval architecture by German Frers, exterior design by <a data-gid="gid://syiq/Company/4626" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Micheletti + Partners (Company)">Micheletti+Partners</a> and interiors by <a data-gid="gid://syiq/Company/1144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Misa Poggi (Company)">Misa Poggi</a> and <a data-gid="gid://syiq/Company/8789" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonie Bertherat (Company)">Antonie Bertherat</a>, in collaboration with Heini Gustafsson of the yard’s in-house design team.Inside, <a data-gid="gid://syiq/Yacht/13925" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raijin38.98m (127'11&quot;)Nautor Swan2026">Raijin</a> is distinguished by crown-cut oak with a matte finish, complemented by warm white ash panels and natural rattan detailing. The palette marks a departure from the teak interiors of <a data-gid="gid://syiq/Yacht/12543" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BeCool38.98m (127'11&quot;)Nautor Swan2025">BeCool</a>, while soft furnishings featuring subtle pinstripes are paired with tones of sky blue and warm ochre to create a relaxed, contemporary atmosphere.<a data-gid="gid://syiq/Yacht/13925" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raijin38.98m (127'11&quot;)Nautor Swan2026">Raijin</a> is equipped with a main electric motor paired with a variable-pitch propeller, two 130-kilowatt <a data-gid="gid://syiq/Company/1483" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cummins Inc. (Company)">Cummins</a> generators, and a 30-kilowatt Fisher Panda generator.

Nautor Swan yacht Raijin in Corfu

The newly delivered 38.98-metre Swan 128 sailing yacht Raijin was spotted cruising off Corfu last Saturday.

Newly delivered 39m Nautor Swan sailing yacht Raijin in Corfu

As the <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show</a> prepares to open its doors on 24 to 27 September, a focus on sustainability is set to take centre stage. The annual Monaco Yacht Summit, a series of conferences and panel discussions, will officially launch the event with a program dedicated to environmental sustainability in the industry. <img src="https://photo-assets.superyachttimes.com/photo/336980/image/large-eaea229451aa3e6ff40fe1b24a565c57.jpg" data-gid="gid://syiq/Photo/336980">This year’s Summit, hosted at the MYS Conference Hall in partnership with Isoclima, will bring together designers, shipyards, owners, brokers and innovators for three days of high-level debate on the future of the superyacht industry.The summit will go beyond traditional luxury to address the urgent challenges of eco-responsibility. For instance, the opening conference will set the tone by introducing the new Blue Wake™ program, a significant initiative that showcases environmentally conscious innovations.Over the following three days, some of the sector’s most pressing topics will be addressed across eight panel discussions co-organised with&nbsp;SuperYacht Times and Spear’s magazine.The programme also includes a dedicated series of exhibitor conferences, spotlighting innovative design trends and technologies to redefine the balance between performance and environmental responsibility. Here are the initial topics to be discussed during the <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show 2025</a>:<img src="https://photo-assets.superyachttimes.com/photo/330845/image/large-12cb745998253fe7d52c678360158146.jpg" data-gid="gid://syiq/Photo/330845">Opening Conference: Sustainability Front and Centre The Summit will kick off on 24 September 2025 at 10:00 to 11:00 with the Opening Conference, which sets the tone for the entire show. This year’s launch session highlights tangible progress in green innovation, with a focus on:<ul><li>MYS sustainability initiatives - an introduction to the Blue Wake™ programme, <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show’</a>s own initiative promoting sustainable innovation.</li><li>Energy storage onboard - developments in hybrid systems, battery tech, methanol and hydrogen power.</li><li>AI and digital tools - reducing fuel consumption and emissions without compromising performance.</li><li>Rethinking charter&nbsp;- a discussion spanning from waste reduction to carbon offsetting and sustainable sourcing.</li></ul><img src="https://photo-assets.superyachttimes.com/photo/330850/image/large-481f734fec9d1496385cb20a3c20203f.jpg" data-gid="gid://syiq/Photo/330850">Panel Discussions: From Electrification to Nuclear PowerAcross three days, eight panel discussions will dive into pressing industry questions co-organised with Superyacht Times and Spear’s magazine. The topics include:<h2>Wednesday 24 September</h2><ul><li>14:40- 15:10 - &nbsp;Is electrification the next logical step? &nbsp;</li><li>16:00- 16:30 -&nbsp;A closer look at underwater noise pollution</li></ul>Day 1 will conclude with an exclusive screening of Ocean with David Attenborough, followed by a Q&amp;A with director Toby Nowlan.<h2>Thursday&nbsp;25 September&nbsp;</h2><ul><li>10:20 to 10:50 - Becoming an owner (the privileges – and the pitfalls – of making the leap to ownership – by Spear’s magazine)</li><li>11:00 to 11:30&nbsp;- How to develop a sustainable marina project?</li><li>14:40 to 15:10&nbsp;- Refit as a path to sustainability – maximising the potential of existing yachts</li><li>16:00 to 16:30 - Sustainable luxury – redeﬁning client expectations through design</li></ul><h2>Friday&nbsp;26 September</h2><ul><li>14:40 to 15:10&nbsp; - Yacht Stability - Challenges for Design and Regulation</li><li>15:20 to 15:50 - Nuclear Horizons: Exploring the future of superyacht propulsion</li><li>16:00 to 16:30&nbsp; - Creating a sustainable superyacht destination</li></ul> The <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">2025 Monaco Yacht Summit</a> is anticipated to serve as a key platform in setting the stage for meaningful discussions and innovative ideas that will shape the future of the yachting industry.<img src="https://photo-assets.superyachttimes.com/photo/371769/image/large-dce8c4be47e6ae915d25ebf837beda8e.jpg" data-gid="gid://syiq/Photo/371769">SuperYacht Times at <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show</a>The SuperYacht Times and <a href="https://www.superyachttimes.com/companies/yachteye" target="_blank">YachtEye</a> teams will once again be attending the <a href="https://www.superyachttimes.com/events/monaco-yacht-show" target="_blank">Monaco Yacht Show</a>, with representatives from all departments. If you would like to schedule an appointment, you can contact one of the following email addresses:Sales- <a href="mailto:sales@superyachttimes.com" target="_blank">sales@superyachttimes.com</a>Editorial- <a href="mailto:news@superyachttimes.com" target="_blank">news@superyachttimes.com</a>Intel- <a href="mailto:yachts@superyachttimes.com" target="_blank">yachts@superyachttimes.com</a>YachtEye- <a href="mailto:sales@yachteye.com" target="_blank">sales@yachteye.com</a>

Monaco Yacht Summit 2025 programme announced

As the Monaco Yacht Show prepares to open its doors on 24 to 27 September, a new focus on sustainability is set to take centre stage.

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