After a meeting held with the <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> bankruptcy receiver, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> and <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> have announced plans to rescue the builders in a joint venture. Revealing the creation of a NewCo in a 50/50 joint venture, they have today shared news of their <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> take over.<img src="https://photo-assets.superyachttimes.com/photo/60676/image/large-270a4f4f7b7caf44eb8d15c6b7763faa.jpg" data-gid="gid://syiq/Photo/60676"><a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> was <a data-gid="gid://syiq/Article/52350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Perini Navi case continues: Bankruptcy declared (2021-02-03 13:15:00 +0100)">declared bankrupt</a> by the Court of Lucca on 29th January 2021. Through the NewCo, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> and <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> have expressed their goals of putting forward a bid that details the acquisition of <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a>’s Italian brands, assets and all operations, as well as through a preliminary business branch lease. This way, the collaboration of these two big names in yachting aims to foster a smooth transition to recovery and maintain current employee levels.A collaboration such as this between rival brands is unprecedented. If the future of the bankrupt brand is to be decided by auction, its heritage and locations makes it an enticing investment opportunity. By joining forces, <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/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> avoid bidding against each other. <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has declared interest in the <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> sailboat division and headquarters in Viareggio, whereas <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has its eyes on the facility in La Spezia.<img src="https://photo-assets.superyachttimes.com/photo/116778/image/large-96084f247d56dd964e3238af0b86d46f.jpg" data-gid="gid://syiq/Photo/116778">Mr Alberto Galassi, Chief Executive Officer of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> says: “This is an important date for the Italian nautical sector and for employees and families of <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a>. Passion, experience and unique expertise, which will now continue to be protected. As well as the related activities of <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a>, which are now safeguarded, composed of numerous suppliers who can now rest easy.” <img src="https://photo-assets.superyachttimes.com/photo/115063/image/large-c0ddc28704a7d87d47692a8bacbd6ea6.jpg" data-gid="gid://syiq/Photo/115063">He went on to explain that: “I would also like to point out the historical importance of this alliance with <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, in line with the new spirit of cooperation that is infusing our country: a beneficial opening of new horizons, which will enable us to seize even more opportunities and ensure greater success.”<img src="https://photo-assets.superyachttimes.com/photo/60009/image/large-336f0a4043e2b0ceec81d0afae33a151.jpg" data-gid="gid://syiq/Photo/60009">Mr Massimo Perotti, Executive Chairman of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, said: “I started my professional career in the nautical sector in Viareggio, specifically in the place and year when <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> was created nearby. It was 1983, and I have always admired the business model of this extraordinary brand: high-quality yachts, built solely on a made-to-measure basis, for a limited number of yachting experts. These are unique characteristics that I also found in <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> years later. Due to these similarities, and with the strong determination to save an Italian brand with unrivalled history, in the interest of the local communities and all the stakeholders, employees and suppliers above all, I immediately demonstrated <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s willingness to intervene to relaunch it. Now I am glad that I can do this in partnership with the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.”

Perini Navi bankrupt: Ferretti Group and Sanlorenzo rescue builders in joint venture 

Ferretti Group - Alberto Galassi

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Maltese Falcon yacht by Perini Navi in Monaco

Massimo Perotti Sanlorenzo CEO

Maltese Falcon yacht sailing in Porto Cervo

Following news of the Perini Navi bankrupt case, Ferretti Group and Sanlorenzo have announced plans to rescue the builders.

Ferretti Group and Sanlorenzo to rescue Perini Navi in joint venture 

Perini Navi facility 

Former Google CEO Eric Schmidt is reportedly leading a project to acquire Spanish shipyard <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a>, with the acquisition proposal submitted by U.S.-based Oyster Ocean LLC, according to Spanish media reports.<img src="https://photo-assets.superyachttimes.com/photo/400944/image/large-82f3e78cb6a98df641a475dfc3e73c1a.jpg" data-gid="gid://syiq/Photo/400944">A report by Lara Graña of Spanish newspaper Faro de Vigo states that the proposed buyer, Oyster Ocean LLC, is a Delaware-registered company incorporated in January 2026. The company has established a Spanish subsidiary, Océano de Ostras SL, which has been set up as the Spanish vehicle for the proposed acquisition of <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a> from <a data-gid="gid://syiq/Company/4235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rodman (Company)">Grupo Rodman</a>.<img src="https://photo-assets.superyachttimes.com/photo/400879/image/large-3a4d237c29da2ec97f5badbfe4a2fa88.jpg" data-gid="gid://syiq/Photo/400879">Read more:&nbsp;<a data-gid="gid://syiq/Article/66638" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="US buyer set to acquire Spanish shipyard Metalships & Docks (2026-07-24 12:45:00 +0200)">US buyer set to acquire Spanish shipyard Metalships &amp; Docks</a>The deal follows last week’s report that <a data-gid="gid://syiq/Company/4235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rodman (Company)">Grupo Rodman</a> had requested authorisation from the Port Authority of Vigo to transfer its shares in the shipyard. The authority has since approved the transfer of the port concessions, clearing an important step in the process, although the ownership change has not yet been finalised.The potential acquisition comes after years of speculation over <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a>’ ownership. The Vigo-based shipyard has attracted previous investor interest, including a 2008 proposal from a Miami-based investment group led by Galician businessman Mario Pérez Rivera in a deal reportedly valued at €60 million. In 2015, China Sonangol International subsidiary CS Europe Investment acquired a stake in the company, before ownership returned to Galician investors two years later.According to Graña's report, Oyster Ocean LLC aims to transform <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships</a> into a specialist shipyard for oceanographic vessels and exploration yachts. The reported strategy would align with Eric’s longstanding involvement in marine research through the Schmidt Ocean Institute, which he founded with his wife Wendy in 2009. The private nonprofit organisation supports oceanographic research, exploration and knowledge-sharing initiatives focused on advancing understanding of the oceans.<img src="https://photo-assets.superyachttimes.com/photo/400880/image/large-dfc93c451caf676a96be1d4ae8baf3ab.png" data-gid="gid://syiq/Photo/400880">Oyster Ocean is also reported to control a fleet of more than 20 vessels, the local newspaper stated, although details of the group’s ownership structure have not been publicly disclosed. <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a>, part of <a data-gid="gid://syiq/Company/4235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rodman (Company)">Grupo Rodman</a>, is one of Spain’s leading shipyards for repair, refit and specialised vessel construction. The Vigo-based yard operates a 162-meter floating dock and has completed projects including the sailing cruise vessel Sea Cloud Spirit, the fishing vessel Regina C and offshore support vessels such as North Sea Giant.<a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships</a> has also undertaken complex refit and maintenance projects on large yachts visiting the Mediterranean and Atlantic regions. This includes the 59-meter superyacht <a data-gid="gid://syiq/Yacht/3189" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maybe59.0m (193'7&quot;)Metalships & Docks S.A.2016">Maybe</a>, launched in 2016, which was reported at the time to be the largest yacht designed and built in Spain.Neither Eric nor representatives of Oyster Ocean, <a data-gid="gid://syiq/Company/4235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rodman (Company)">Grupo Rodman</a> or <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a> have publicly commented on the acquisition or the reported industrial strategy.

Former Google CEO Eric Schmidt acquires Metalships & Docks 

Former Google CEO Eric Schmidt is reportedly leading a project to acquire Spanish shipyard Metalships & Docks.

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Former Google CEO Eric Schmidt linked to Spanish yard Metalships & Docks bid

Spainish shipyard <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a> could soon change ownership after <a data-gid="gid://syiq/Company/4235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rodman (Company)">Grupo Rodman</a> requested authorisation to transfer its shares to a newly established company linked to a US industrial group, according to reports in the Spanish media.<img src="https://photo-assets.superyachttimes.com/photo/400880/image/large-dfc93c451caf676a96be1d4ae8baf3ab.png" data-gid="gid://syiq/Photo/400880">The proposed transaction is currently under review by the Port Authority of Vigo, which owns the land where the shipyard operates. The authority is expected to consider the request as part of its board meeting.According to Spanish newspaper Faro de Vigo, the likely buyer is Oyster Ocean LLC, a Delaware-registered company established in January 2026 and reportedly part of a larger US industrial conglomerate. The transaction would reportedly be completed through the recently incorporated Spanish company Océano de Ostras SL, although the sale has not yet been finalised.<a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a> currently holds five port concessions in Vigo covering more than 33,000 square-metres of land, in addition to a floating dock occupying a further 5,730 square-metres. Earlier this year, the majority of these concessions were renewed until 2042.The potential sale follows years of speculation surrounding the future ownership of the shipyard. In 2008, Metalships attracted interest from a Miami-based investment group led by Galician businessman Mario Pérez Rivera in a deal reportedly valued at €60 million. In 2015, China Sonangol International subsidiary CS Europe Investment acquired a stake in the company before ownership returned to Galician hands two years later.<img src="https://photo-assets.superyachttimes.com/photo/400879/image/large-3a4d237c29da2ec97f5badbfe4a2fa88.jpg" data-gid="gid://syiq/Photo/400879"><a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a> has remained one of Spain's leading shipyards for refit and repair work, with assets such as a 162-metre floating dock, which is one of the largest operated by a privately owned shipyard in Galicia.The yard has also delivered several high-profile projects across multiple sectors, including the 138-metre sailing cruise vessel Sea Cloud Spirit, the Regina C fishing vessel and the offshore support vessel North Sea Giant.&nbsp;In the superyacht sector, <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships</a> has established a strong reputation for undertaking complex refit and maintenance projects on large yachts visiting the Mediterranean and Atlantic regions. In 2016, they launched the 59-metre superyacht <a data-gid="gid://syiq/Yacht/3189" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maybe59.0m (193'7&quot;)Metalships & Docks S.A.2016">Maybe</a>, which at the time was the largest ever to have been designed and built in Spain.&nbsp;If the transaction proceeds, <a data-gid="gid://syiq/Company/4235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rodman (Company)">Grupo Rodman</a> will continue its shipbuilding activities through Rodman Polyships, its composites division.&nbsp;In regards to yachts, they launched the 32-metre yacht <a data-gid="gid://syiq/Yacht/5506" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nirvana32.0m (104'12&quot;)Rodman2005">Nirvana</a> in 2005, which was <a data-gid="gid://syiq/Article/62821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Three yachts destroyed in fire on Miami River (2025-03-10 10:30:00 +0100)">destroyed in a fire in 2025</a> on the Miami River, and the 24-metre <a data-gid="gid://syiq/Yacht/14144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mr Corn24.0m (78'9&quot;)Rodman2010">Mr Corn</a> in 2010.&nbsp;The company is currently working on the largest contract in its history, building 19 patrol vessels between 11 and 35 metres for the Ministry of National Defence of the Democratic Republic of the Congo in a contract valued at more than €50 million.Both <a data-gid="gid://syiq/Company/4235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rodman (Company)">Grupo Rodman</a> and <a data-gid="gid://syiq/Company/4624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metalships & Docks S.A. (Company)">Metalships &amp; Docks</a> have not publicly commented on the reported sale. The outcome now depends on approval from the Port Authority of Vigo before any transfer of ownership can be completed.

Metalships & Docks to be acquired by US buyer

Metalships & Docks could soon change ownership after Grupo Rodman requested authorisation to transfer its shares to a US industrial group.

US buyer set to acquire Spanish shipyard Metalships & Docks

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has announced the resignation of chairman and CEO Giovanni Costantino and non-executive director Gianmaria Costantino. This move triggered the dissolution of the company's entire board of directors.<img src="https://photo-assets.superyachttimes.com/photo/386329/image/large-5b57b6cc7647b019165636d2e632aab4.jpg" data-gid="gid://syiq/Photo/386329">The resignations, effective 20 July, automatically dissolved the board under the company's articles of association and Italian corporate law, as the majority of directors appointed by shareholders are no longer in office.The existing board will continue to operate on an interim basis until shareholders appoint a new board, with a meeting to be convened as soon as possible. The company said this would ensure business continuity and allow its ongoing restructuring process to continue.According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, the resigning directors said they had done everything possible to address the company's crisis and advance its restructuring efforts. They believe a change in governance will help strengthen stakeholder confidence, ensure continuity and maximise value for creditors.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">Read more:&nbsp;<a data-gid="gid://syiq/Article/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>The announcement comes just weeks after the company entered a court-supervised crisis regulation procedure under Italy's Crisis Code. Earlier this month, the Court of Florence confirmed protective measures 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 measures prevent shipowners from terminating existing contracts due to shipyard defaults or enforcing related guarantees, while also providing temporary relief to key suppliers involved in projects nearing delivery.The company has said the court protections will support the completion of ongoing yacht builds and the implementation of its restructuring strategy. Subject to agreements with suppliers, clients and financing institutions, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> is also considering a capital increase of around €100 million from the fourth quarter to strengthen its financial position.Despite stepping down as chairman and CEO, Giovanni Costantino remains <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> majority shareholder, indirectly controlling 53.6 per cent of the company's share capital through GC Holding S.p.A. Gianmaria Costantino does not hold shares in the company.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">Read more: <a data-gid="gid://syiq/Article/66451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG reports over €178 million net financial debt in latest restructuring update (2026-07-01 09:15:00 +0200)">TISG reports over €178 million net financial debt in latest restructuring update</a>The company added that neither director had raised objections or disputes regarding board decisions as part of their resignation. Giovanni Costantino also has no ongoing employment or contractual relationship with the company, while Gianmaria Costantino will remain an employee under his existing employment contract.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> said it will continue to update the market on developments as the restructuring process progresses.

TISG Costantino resignation

The Italian Sea Group (TISG) has announced the resignation of chairman and CEO Giovanni Costantino

TISG chairman Giovanni Costantino resigns, triggering board dissolution

<a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a> has announced the appointment of Myriam Cutolo as Executive Vice President. <img src="https://photo-assets.superyachttimes.com/photo/400424/image/large-bb28a90401bc22ca0d567563f4dbb08e.png" data-gid="gid://syiq/Photo/400424">In her new role, Myriam Cutolo will coordinate the company’s administration, finance, organisation and business development activities, working in synergy with the management team and the heads of the various operational areas.Myriam brings with her extensive knowledge of the company, where she has developed her understanding of the organisation, its people and the processes in which it operates. An Olympic sailor and manager, her skills have been honed to complement the experience and skills of the team. <img src="https://photo-assets.superyachttimes.com/photo/400419/image/large-786015d14f715d880541f2641a598533.jpg" data-gid="gid://syiq/Photo/400419">Founded in 1995 by Sergio Cutolo and Silvia Himsolt, <a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a> has evolved from an engineering company into a leading yacht design firm. The company has grown over the years, with the arrival of Nicola Camuffo as Chief Technical Officer (CTO) and Michele Lauriero as Chief Operating Officer (COO) in 2025.“Over more than thirty years, Sergio Cutolo built far more than a design studio: he built a culture, a vision and a wealth of expertise that today belong to all of <a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a>,” explained Myriam Cutolo.“My goal is not to replace my father, because a figure like his cannot be replaced, and there would be no point in trying. My role is to help ensure that what he built continues to grow and generate value through the people who lead and develop the company every day.”<img src="https://photo-assets.superyachttimes.com/photo/400421/image/large-e9c1b1f865b39b50291c37cd6dc865fe.jpg" data-gid="gid://syiq/Photo/400421">Speaking of his daughter’s transition into the role of Executive Vice President, President &amp; Founder Sergio Cutolo said: “Seeing Myriam take on this role is a source of great satisfaction for me, not only as founder but also as a father.”“What we are building together is an organisation capable of evolving while maintaining the same quality, reliability and passion that have guided us from the very beginning. That is the most important guarantee we can offer for <a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a>’s future.”

Hydro Tec appoints Myriam Cutolo as Executive Vice President

Hydro Tec has announced the appointment of Myriam Cutolo as Executive Vice President. 

Norwegian maritime technology company <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> has announced an agreement to acquire the Swedish company <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> AB.<img src="https://photo-assets.superyachttimes.com/photo/400397/image/large-a892bdf50408f966fb7e7ca3fd29bc7f.jpg" data-gid="gid://syiq/Photo/400397"><a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> is a leading designer and manufacturer of integrated propulsion and electrical systems for the maritime market and has demonstrated strong growth and a profitable market position in recent years.“This acquisition is central in our growth plan and strengthens our ability to serve a broader range of customers and vessel segments,” explained Lisa Edvardsen Haugan, CEO of <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>.The financial details of the transaction are currently undisclosed, but the acquisition is priced at approximately the same EV/EBITDA level as the current pricing of <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> ASA.“<a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> complements our portfolio in a highly attractive way and together we will deliver greater value through a wider offering, stronger lifecycle support and shared expertise,” added Haugan.<a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> will operate as a separate brand and standalone business unit within <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>’s Propulsion &amp; Handling division, allowing <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg</a>’s customer focus and culture to be maintained. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/400398/image/large-ae759ecd6b2a91de8c3c0a944c475fb2.jpg" data-gid="gid://syiq/Photo/400398">“Joining forces with <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> is an exciting opportunity for <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>. Our businesses complement each other well, and together we can create new opportunities for our customers and employees,” commented Philip Chaabane, CEO of <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>.According to <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>, the acquisition will allow them to benefit from <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>’s strong entrepreneurial culture, lean operations and speed in execution. At the same time, Berg Propulsion will gain access to KM’s global scale, systems expertise and structured capabilities.“The transaction will unlock significant potential in the aftermarket,” explained Per Håvard Siljan Hjukse, EVP Propulsion &amp;. Handling at <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>. “We also see cross selling opportunities, such as our Energy &amp; Control products into <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>’s core segments, and Berg’s propeller systems into naval where KM has strong positions.”The combined propulsion portfolio will cover a full spectrum of technologies, including controllable pitch propellers and thrusters, hybrid and electrical propulsion systems and integrated vessel control solutions.In January 2026, <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> announced that the company was formally on track to become an independent company after shareholders of Kongsberg Gruppen approved the separation at a general meeting held on Thursday 22 January 2026.Read more: <a data-gid="gid://syiq/Article/65227" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime to become stand-alone company (2026-01-23 12:15:00 +0100)">Kongsberg Maritime to become stand-alone company</a><img src="https://photo-assets.superyachttimes.com/photo/400399/image/large-55d4fc3d28111400f5505de36c37d8d0.png" data-gid="gid://syiq/Photo/400399"><a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> operates across multiple maritime segments, supplying systems and solutions for offshore vessels, cruise ships, fishing vessels and naval platforms. The company is also a well-established supplier within the yacht and superyacht sector, where its integrated bridge systems, propulsion solutions and automation technologies are widely used.<a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> is a Swedish company that designs and manufactures controllable-pitch propellers for the marine industry. The company produces customised main propellers, azimuth thrusters, transverse thrusters and manoeuvre systems for various vessels including cargos, tugs and superyachts.&nbsp;

Kongsberg Maritime acquires Berg Propulsion

Norwegian maritime technology company Kongsberg Maritime has announced an agreement to acquire the Swedish company Berg Propulsion AB.

<a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a> has announced that Bogdan Gusarev has joined as Sales Manager for Europe and the CIS region. <img src="https://photo-assets.superyachttimes.com/photo/399998/image/large-62a5903f5dff04c9e810116b4eaef5da.jpg" data-gid="gid://syiq/Photo/399998">Gusarev brings more than a decade of experience in the explorer yacht sector and has lived and worked across some of the world's most prevalent yacht building regions including Germany, Italy and Turkey.Before entering the industry, Gusarev lived aboard a sailing yacht, giving him a practical knowledge of life at sea. This has allowed him to guide clients with clarity and a strong understanding of what long-range yacht ownership truly requires.“Bogdan combines real boating experience with a genuine understanding of what owners in this segment are looking for,” explained Patrik von Sydow, CEO of <a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a>. “That's a rare mix, and exactly what we need as we grow our presence across Europe and the CIS.”<img src="https://photo-assets.superyachttimes.com/photo/399999/image/large-f2593548ee91bd938b36c95018180e06.jpg" data-gid="gid://syiq/Photo/399999">As well as this, Numarine has announced that Sales Manager for MENA &amp; APAC, Salih Küçükoğlu, will now take on the responsibility for the Turkish market as well. His new title will be Sales Manager for Türkiye, MENA &amp; APAC.He has previously led growth initiatives across the Middle East and Asia-Pacific, playing a key role in expanding dealer networks and managing relationships with high-net-worth clients.“With a customer-focused mindset and a design-driven perspective, Küçükoğlu now brings this experience to Numarine's home market, supporting the shipyard's continued growth in Türkiye,” concluded von Sydow.

Bogdan Gusarev appointed at Numarine

Numarine has announced that Bogdan Gusarev has joined as Sales Manager for Europe and the CIS region. 

Numarine appoints Bogdan Gusarev as Sales Manager for Europe and CIS region

<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> have announced the appointment of Ernesto Bustamante as a Superyacht Sales Broker across their Palm Beach, Fort Lauderdale and Miami offices.<img src="https://photo-assets.superyachttimes.com/photo/399828/image/large-19a5f0e5ae4aec550013e04859fea307.png" data-gid="gid://syiq/Photo/399828">Bustamante joins <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> with over 16 years of experience, including his most recent role with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>. At <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>, he will focus primarily on new-build opportunities, while also supporting brokerage sales transactions.“We are delighted to welcome Ernesto to <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>,” commented Sarah Futhazar, US Managing Director. “His expertise in new-build, combined with his commercial approach and dedication to client service, makes him a valuable addition to our team.”Born in Miami and raised between the US and Colombia, Bustamante interned at <a data-gid="gid://syiq/Company/5418" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bertram Yachts (Company)">Bertram Yachts</a> while in college, later graduating from the University of Miami in 2009 with a degree in International Finance &amp; Marketing, and a minor in Entrepreneurship.While in school, he became a fully licensed and certified yacht broker and consequently worked for a boutique firm. From 2014 to 2019 Bustamante joined the <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> Sales Broker’s team, before later moving to the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> where he worked as a <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> Brand Sales Manager.&nbsp;“What truly attracted me to the company is the opportunity to work with the world's leading shipyards and represent any yacht on the market, giving clients completely independent advice tailored to their ambitions,” concluded Ernesto Bustamante.

Ernesto Bustamante: Camper & Nicholsons appoints Superyacht Sales Broker

Camper & Nicholsons have announced the appointment of Ernesto Bustamante as a Superyacht Sales Broker.

Camper & Nicholsons appoints Ernesto Bustamante as a Superyacht Sales Broker

The <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">Virgin Islands Shipping and Maritime Authority (VISMA)</a> has launched a new Yacht Engaged in Trade (YET) programme, providing British Virgin Islands (BVI)-flagged superyachts with a formal path to combine private use with limited commercial chartering in Greek, Monaco and French waters.The certification, which comes under a newly published <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">Virgin Islands Shipping and Maritime Authority (VISMA)</a>, only applies to BVI-flagged yachts measuring 24-metres and above.<img src="https://photo-assets.superyachttimes.com/photo/285871/image/large-8fcbfd6ecd33123efe76d4c151e81472.jpg" data-gid="gid://syiq/Photo/285871">According to <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a>, owners may retain their Pleasure Certificate of British Registry while taking on a temporary Yacht Engaged in Trade (YET) certificate for the duration of each charter period, for up to a maximum of 84 days per year. Once the charter concludes, the yacht's pleasure certificate is reinstated without requiring conversion to full commercial registration.<a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a> also stated that owners are no longer required to leave European Union waters to complete new import or export formalities when switching between private and charter use.&nbsp;Under the programme, yachts may operate on either basis during the 18-month Temporary Admission period without further customs formalities, provided the relevant conditions are met. Yachts with VAT-paid status or in Free Circulation are not subject to the 18-month limit.<img src="https://photo-assets.superyachttimes.com/photo/363128/image/large-9de6013ee3a3b56cf02c66b85dc42db8.jpg" data-gid="gid://syiq/Photo/363128">The programme is intended for yachts already operating to a commercial standard. To qualify, vessels must measure at least 24-metres in load line length, hold class certification and comply with the Red Ensign Group Yacht Code, the Maritime Labour Convention, the International Safety Management Code and the International Ship and Port Facility Security Code.Furthermore, <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a> verifies compliance through a survey before issuing a Yacht Engaged in Trade Certificate of Compliance, which must be held before each charter period.Charters are limited to 84 days annually and may carry no more than 12 passengers. For non-VAT-paid yachts, charters can currently only commence in Greek, Monaco or French waters. During charter periods, yachts operate under commercial requirements and remain subject to Port State Control inspections under the Paris Memorandum of Understanding.Commenting on the programme, Business Development Manager at <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a>, Georgios Bazos, said: "This gives BVI-flagged yachts operating in Europe the opportunity to charter for part of the year while keeping their private registration for the rest. It's a natural next step for the registry, and one more option for owners who want flexibility without added complexity."

VISMA launches 84-day European charter programme for BVI-flagged superyachts

VISMA has launched a new programme, allowing BVI-flagged superyachts up to 84 days of commercial chartering in selected European waters. 

Plymouth-based boat refit company Yacht Solutions Europe has gone into liquidation, with debts of more than £600,000 likely to remain unpaid.<img src="https://photo-assets.superyachttimes.com/photo/399628/image/large-90cdcccefd37fd95c414dc2c921b672b.jpg" data-gid="gid://syiq/Photo/399628">Yacht Solutions Europe focused on yacht refit and repairs, with services including engineering, retrofitting, carpentry, upholstery and upgrades. They worked on projects worldwide and opened a base in Florida, USA, in 2023.Yacht Solutions Europe was founded in 2021 by two former <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> employees, Paul Eccles and Dave Watson, after the collapse of a previous business, Yacht Solutions Worldwide Ltd.&nbsp;The assets were sold to Yacht Solutions Europe in a pre-pack deal and was dissolved in 2024, leaving debts of more than £282,000 unpaid, with the company now entering creditors’ voluntary liquidation.<img src="https://photo-assets.superyachttimes.com/photo/399629/image/large-a78e5de8571b860d8e0ffc83ed261014.jpg" data-gid="gid://syiq/Photo/399629">Documents filed on Companies House show assets of about £18,000 which will be used to pay nine employees and the pension scheme, however there is less than £1,000 left for other creditors, which include more than £176,000 owed to HM Revenue and Customs, nearly £85,000 owed to a lender, around £160,000 owed to six other banks and institutions and £82,500 owed to workers as unsecured creditors.There are 21 trade creditors claiming a combined £34,700, while the American arm Yacht Solutions USA is claiming £71,000. Yacht Solutions Europe’s statement of affairs also revealed that an estimated £608,522 will end up being unpaid.Steve Henson, Managing Director at Devon’s Castle Hill Insolvency, has been appointed joint-liquidator.

Yacht Solutions Europe enters liquidation

Yacht Solutions Europe has gone into liquidation, with debts of more than £600,000 likely to remain unpaid.

Yacht Solutions Europe enters liquidation with more than £600k unpaid debt

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

Evan Kortmann appointed CEO of Van der Valk Shipyard

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

Van der Valk Shipyard appoints Evan Kortmann as CEO

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.

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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

Since last May, the <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> shipyard has faced an uncertain future. Having first been declared bankrupt with a reported loss of €80,870,000 at the end of 2019, the Italian sailing yacht builders were of interest to fellow shipyard <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, but <a href="https://www.superyachttimes.com/yacht-news/perini-navi-blue-skye" rel="noopener noreferrer" target="_blank" title="">more recently was due to be acquired by the Blue Skye Investment Group.</a>&nbsp;Now with exposed debts of over €100,000,000, <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> was heavily reliant on <a href="https://www.superyachttimes.com/yacht-news/perini-navi-investors" rel="noopener noreferrer" target="_blank" title="">the restructuring plan offered by Blue Skye</a> which guaranteed a four-year loan of €30,000,000 at a rate of 12% with pre-tax deductions on all goods owned by the shipyard. However, as recently revealed in Italian media MF-Milano Finanza, the judges at the bankruptcy court of Lucca were not able to conclude the deal. <img src="https://photo-assets.superyachttimes.com/photo/99461/image/large-c380d012b376f3b8409a2ea2c099fb6c.jpg" data-gid="gid://syiq/Photo/99461">As the restructuring plan was "not deposited", the bankruptcy court of Lucca has decided not to give the Tabacchi company any more time and proceeded with the execution of the bankruptcy. At this point, the only option to save <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> is through a bankruptcy auction procedure, which is said to be still of interest to <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and the <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> Group. Most recently, the <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">Italian Sea Group</a> has expressed interest in the failing brand, which they say "represents a strategic interest, also for Italy itself". Also, <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyachts</a> is the latest industry player intending to participate in the auction procedure.&nbsp; <img src="https://photo-assets.superyachttimes.com/photo/121695/image/large-fc60fc8141ace7fe4a998b6551f5d1d5.jpg" data-gid="gid://syiq/Photo/121695">MF-Milano Finanza reported that: "The two contenders will aim at obtaining the lease of the business unit and subsequently purchasing the company and the brands. It must be said that <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> is particularly interested in the Viareggio facility and the Perini Navi brand, while <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> is looking more closely at the production site in La Spezia."<img src="https://photo-assets.superyachttimes.com/photo/115064/image/large-fa91ae15855e3526c9118f6d7536a1b5.jpg" data-gid="gid://syiq/Photo/115064">The report also mentioned that: one of the main problems lies in the guarantees that Tabacchi had provided through its holding company Fenix to the owners of yacht projects in construction. Tabacchi's largest contract was signed in 2017 for a sailing yacht worth between €54 and 56 million.

Is Perini Navi bankrupt? Investment plan fails to proceed and auction could soon begin

Is Perini Navi bankrupt? As the court case continues, Italian press MF-Milano Finanza share the latest. 