The 30.13-metre <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> motor yacht <a data-gid="gid://syiq/Yacht/11284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H And Co30.13m (98'10&quot;)Ferretti Yachts2022">H And Co</a> has been destroyed after she ran aground and sunk off the cape of Agia Marina, Elafonisos on Wednesday 11 February afternoon. <img src="https://photo-assets.superyachttimes.com/photo/385646/image/large-2845509469fcf46320ff89995886df6f.png" data-gid="gid://syiq/Photo/385646">According to Greek publication newsit.gr, <a data-gid="gid://syiq/Yacht/11284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H And Co30.13m (98'10&quot;)Ferretti Yachts2022">H And Co</a> was carrying four Greek nationals when she struck the shoreline amid south-westerly winds of seven to eight Beaufort, accompanied by storms, lightning and heavy rain.&nbsp;Vessels from the Hellenic Coast Guard, private craft and passing ships responded to the scene, alongside a Super Puma helicopter from the Greek Air Force. The four individuals onboard were airlifted to the General Hospital of Molaoi for medical checks and are reported to be in good health.<a data-gid="gid://syiq/Yacht/11284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H And Co30.13m (98'10&quot;)Ferretti Yachts2022">H And Co</a> remains at the location of the incident, with efforts underway to remove or secure the vessel. Authorities confirmed that although the yacht is understood to have been carrying approximately six tonnes of fuel, no marine pollution has been reported and the water ingress is currently under control.<img src="https://photo-assets.superyachttimes.com/photo/357229/image/large-f471da8838b1657e4f74be772c4253f0.jpg" data-gid="gid://syiq/Photo/357229">Launched in 2022, <a data-gid="gid://syiq/Yacht/11284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H And Co30.13m (98'10&quot;)Ferretti Yachts2022">H And Co</a> features exterior design by <a data-gid="gid://syiq/Company/5547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Filippo Salvetti (Company)">Filippo Salvetti</a>, while her interior design was penned by <a data-gid="gid://syiq/Company/5853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ideaeITALIA (Company)">ideaeITALIA</a>, with naval architecture by her builder <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>. Spanning 149 GT, she has accommodation for up to 10 guests across five staterooms.&nbsp;An investigation into the circumstances surrounding the grounding is expected, while authorities continue to monitor the situation to prevent environmental impact and assess the next steps for the yacht.SuperYacht Times will continue to monitor the situation and will update the article if and when new information becomes available.

H And Co: 30m Ferretti yacht destroyed 

H And Co yacht cruising

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H And Co yacht casualty

The 30m Ferretti yacht H And Co has been destroyed after she ran aground off the cape of Agia Marina, Elafonisos on Wednesday 12 February afternoon.

30m Ferretti yacht H And Co destroyed off the coast of Elafonisos, Greece

The 25.2-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/12848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Forty Two 25.2m (82'8&quot;)Azimut Yachts2023">Forty Two</a> caught fire and sunk in the Marseille Vieux-Port on Sunday morning (5 July).<img src="https://photo-assets.superyachttimes.com/photo/399331/image/large-6e99b35b95b06f12c8deaec32bdbec0a.jpg" data-gid="gid://syiq/Photo/399331">The fire broke out around 10:30 in Vieux-Port near the Hôtel de Ville on a small boat believed to be around 12-metres, before it spread to the Azimut Magellano 25 Metri yacht, <a data-gid="gid://syiq/Yacht/12848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Forty Two 25.2m (82'8&quot;)Azimut Yachts2023">Forty Two</a>.<img src="https://photo-assets.superyachttimes.com/photo/399332/image/large-ae39954be3b952dd88a0ae615cc62628.jpg" data-gid="gid://syiq/Photo/399332">The Bataillon de marins-pompiers de Marseille (Marseille Marine Fire Brigade Battalion) deployed 150 marine firefighters, alongside 37 fire and rescue vehicles. A crane was also deployed from an emergency vehicle parked on the quayside to spray the upper part of the vessel. The fire was finally extinguished around noon.<img src="https://photo-assets.superyachttimes.com/photo/399329/image/large-c2ccfb217e4c962e65431ed6991ccfb4.jpg" data-gid="gid://syiq/Photo/399329">According to Port News, emergency services attended to 14 people, with six people transported to hospital for the treatment of minor burns. These people are believed to include those onboard the vessels, as well as two police officers and one member of port security.No cause has been officially announced. <img src="https://photo-assets.superyachttimes.com/photo/399330/image/large-164d6fcbd3c8424ce1a12f9a753caf31.jpg" data-gid="gid://syiq/Photo/399330">Launched in 2023 as part of the Azimut Magellano 25 Metri series, <a data-gid="gid://syiq/Yacht/12848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Forty Two 25.2m (82'8&quot;)Azimut Yachts2023">Forty Two</a> features exterior design by <a data-gid="gid://syiq/Company/148" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ken Freivokh Design (Company)">Ken Freivokh Design</a>, while her interior design and naval architecture were penned by her Italian builder <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/274933/image/large-db00805f4333f8f22a2a45276fa56e93.jpeg" data-gid="gid://syiq/Photo/274933"><a data-gid="gid://syiq/Yacht/12848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Forty Two 25.2m (82'8&quot;)Azimut Yachts2023">Forty Two</a> can accommodate up to eight guests across a four stateroom configuration, as well as a crew of three across two cabins. In terms of performance, <a data-gid="gid://syiq/Yacht/12848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Forty Two 25.2m (82'8&quot;)Azimut Yachts2023">Forty Two</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, which provide her with a cruising speed of 19 knots and a top speed of 23 knots.&nbsp;

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

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

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

A fire broke out onboard the 34-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/2768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Eagle Wings III34.0m (111'7&quot;)Custom Line2005">Eagle Wings III</a> at the <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15 Marina</a> Sentosa Cove in Singapore on the morning of Sunday 7 June.<img src="https://photo-assets.superyachttimes.com/photo/396329/image/large-df8d245fde54d5510b42f5a1cacf3c45.jpg" data-gid="gid://syiq/Photo/396329">According to local news reports, the Singapore Civil Defence Force (SCDF) was alerted to a fire at 11 Cove Drive at around 8:10am. The yacht was fully engulfed in flames, with land based emergency services arriving at the scene in seven minutes and immediately deploying a water jet from the pontoon to fight the fire.<a data-gid="gid://syiq/Yacht/2768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Eagle Wings III34.0m (111'7&quot;)Custom Line2005">Eagle Wings III</a> began drifting away from her berth, with an SCDF Marine Vessel also deployed as part of the operation. “At the height of the firefighting operation, two water jets from the pontoon and one water monitor from the SCDF Marine Vessel were deployed,” explained the Singapore Civil Defence Force.&nbsp;Eyewitnesses reports state that around 13:40, the yacht was partially submerged in the water. There were no reported injuries at the time of publication and the cause of the fire is still being investigated.<img src="https://photo-assets.superyachttimes.com/photo/396330/image/large-2b40a148f09e6ca3d77483a385283abb.jpg" data-gid="gid://syiq/Photo/396330"><a data-gid="gid://syiq/Yacht/2768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Eagle Wings III34.0m (111'7&quot;)Custom Line2005">Eagle Wings III</a>&nbsp;was one of five yachts in the EagleWings Yacht Charters fleet that sailed to nearby islands such as Lazarus Island. She has since been removed from the website, but Chairman and founder Julian Theng posted on social media that, "It was tough seeing <a data-gid="gid://syiq/Yacht/2768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Eagle Wings III34.0m (111'7&quot;)Custom Line2005">Eagle Wings III</a>go up in flames. So sudden and unexpected that a piece of my heart sank with it."He shared that when he arrived at the scene, he saw the captain and hugged him. "So grateful that the crew is safe and that no one was injured. Farewell <a data-gid="gid://syiq/Yacht/2768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Eagle Wings III34.0m (111'7&quot;)Custom Line2005">Eagle Wings III</a>, we will miss you. The awesome memories will live on."Launched in 2005 as part of the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> 112 series, <a data-gid="gid://syiq/Yacht/2768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Eagle Wings III34.0m (111'7&quot;)Custom Line2005">Eagle Wings III</a> features interior and exterior design by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, with naval architecture by <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>. Spanning 213 GT, the Italian-built yacht can comfortably accommodate up to 10 guests across a five stateroom configuration.&nbsp;Her master suite is situated forward on the main deck, while a full-beam VIP suite is located amidships on the lower deck, alongside a double stateroom forward and two twin staterooms. Performance-wise, <a data-gid="gid://syiq/Yacht/2768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Eagle Wings III34.0m (111'7&quot;)Custom Line2005">Eagle Wings III</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines that provide her with a top speed of 28.5 knots and a cruising speed of 25 knots.

Eagle Wings III: Fire destroys yacht at ONE°15 Marina Sentosa Cove

A fire broke out onboard the 34m Custom Line yacht Eagle Wings III at the ONE°15 Marina Sentosa Cove in Singapore on the morning of Sunday 7 June.

Fire destroys 34m yacht Eagle Wings III at ONE°15 Marina Sentosa Cove, Singapore

The 40.04-metre motor yacht <a data-gid="gid://syiq/Yacht/10839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Familia40.04m (131'4&quot;)Bering Yachts2024">Familia</a> began taking on water on Saturday 30 May 2026 and is in danger of fully sinking in the harbour of Sinop, Turkey. <img src="https://photo-assets.superyachttimes.com/photo/395392/image/large-81dfac3040845662def6b2d5daf3fc6d.jpg" data-gid="gid://syiq/Photo/395392">According to local media reports, the captain of <a data-gid="gid://syiq/Yacht/10839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Familia40.04m (131'4&quot;)Bering Yachts2024">Familia</a> noticed that the yacht was beginning to take on water in the evening and evacuated the crew to shore. Coast guard and marine police teams were dispatched to the scene, with the Sinop Municipality fire department carrying out water drainage operations.&nbsp;The following morning, operations were initiated for pollution prevention and rescue purposes, with the yacht currently half submerged within the water. No injuries have been reported, with investigations still ongoing regarding the cause of the sinking. <img src="https://photo-assets.superyachttimes.com/photo/395391/image/large-165957fc7191036cd27f9cdf260f21a8.jpg" data-gid="gid://syiq/Photo/395391">Built in 2024 by <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a>, <a data-gid="gid://syiq/Yacht/10839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Familia40.04m (131'4&quot;)Bering Yachts2024">Familia</a> recently underwent an extensive refit and rebuild in Tuzla, Istanbul in Turkey. During her refit she was extended by two-metres to increase her onboard space and improve her stability and seakeeping abilities.<img src="https://photo-assets.superyachttimes.com/photo/395394/image/large-a690266471756edd8c30c933fce4730c.jpg" data-gid="gid://syiq/Photo/395394">A lower vertical centre of gravity (VCG) was established, while her beach club was amended to function as a garage space. In addition to this, a new staircase was integrated into her superstructure, with the superstructure repainted to new aluminium fabrications.Designed in-full by <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a>, <a data-gid="gid://syiq/Yacht/10839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Familia40.04m (131'4&quot;)Bering Yachts2024">Familia</a> can comfortably accommodate up to 12 guests across six staterooms. "<a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a> is closely monitoring the recent incident involving the yacht <a data-gid="gid://syiq/Yacht/10839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Familia40.04m (131'4&quot;)Bering Yachts2024">Familia</a> in Sinop, Türkiye," commented her builder.&nbsp;"We are deeply saddened by this unfortunate event and extend our sincere concern and support to the owner and everyone affected. We are relieved that all crew members are safe, with no injuries reported." <img src="https://photo-assets.superyachttimes.com/photo/395393/image/large-95168961adfe91e70c0de19b8f5c8f9c.jpg" data-gid="gid://syiq/Photo/395393">"The safety and well-being of those onboard have always been and remain, our highest priority. The yacht was originally delivered by <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a> in 2025 and successfully completed a full cruising season. In 2026, it underwent a modification project carried out independently by a third party.We will continue to follow the developments closely and remain in contact with the owner during this challenging time. Our thoughts are with all those involved."SuperYacht Times will continue to follow this story and will update this article with new information when it becomes available.<img src="https://photo-assets.superyachttimes.com/photo/313879/image/large-9cb0342cc06c43b93ba423dda4f59b1c.jpg" data-gid="gid://syiq/Photo/313879">

Familia: 40m yacht sinks in Sinop, Turkey

The 40m yacht Familia began taking on water on Saturday 30 May 2026 and is in danger of fully sinking in the harbour of Sinop, Turkey. 

Recently refitted 40m yacht Familia sinks in Sinop, Turkey

Baysian: 56m Perini Navi sailing yacht sinks in Palermo, Italy

New findings suggest that the weather conditions were not severe enough on their own to have caused Bayesian's sinking.

Bayesian: Investigators say weather alone did not cause 56m Perini Navi yacht sinking

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The 28-metre <a data-gid="gid://syiq/Company/2843" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubbel & Jesse Yachtbau GmbH & Co. KG (Company)">Dubbel &amp; Jesse Yachtbau</a> sailing yacht <a data-gid="gid://syiq/Yacht/8917" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Acoa28.0m (91'10&quot;)Dubbel & Jesse Yachtbau GmbH & Co. KG1985">Acoa</a> has run aground near Costa de Los Pinos, off the northeast coast of Mallorca earlier this week. <img src="https://photo-assets.superyachttimes.com/photo/383707/image/large-86321a33d038864e7b4170c656bedc61.jpeg" data-gid="gid://syiq/Photo/383707"><a data-gid="gid://syiq/Yacht/8917" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Acoa28.0m (91'10&quot;)Dubbel & Jesse Yachtbau GmbH & Co. KG1985">Acoa</a> ran aground after Storm Harry swept across the island, bringing winds of up to 80 kilometres per hour and heavy seas. The yacht is currently positioned in the surf zone, just metres from a rocky outcrop, where it has been exposed to strong winds and breaking waves since Wednesday.Local reports indicate that the first salvage attempt on Thursday was abandoned due to challenging sea conditions. With the yacht remaining in shallow water, authorities and salvage specialists are continuing to monitor the situation closely, warning that prolonged exposure to the surf increases the risk of structural damage.<img src="https://photo-assets.superyachttimes.com/photo/383704/image/large-3a549a5797b22cbb0c72055c1df76d5a.jpeg" data-gid="gid://syiq/Photo/383704">According to experts involved in the operation, the yacht’s displacement of approximately 90 tonnes and a draft exceeding three metres are significantly complicating recovery efforts. High waves and strong surf have so far prevented the safe deployment of tugboats, with any further salvage attempt dependent on an improvement in weather conditions.The circumstances leading to the grounding remain unclear, with questions raised as to why the charter yacht was operating so close to shore amid deteriorating weather, although no official statement has yet been issued.<img src="https://photo-assets.superyachttimes.com/photo/383706/image/large-36bc5783f3b19d62d27ebd23f358b956.jpeg" data-gid="gid://syiq/Photo/383706">Launched in 1985 from Germany, <a data-gid="gid://syiq/Yacht/8917" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Acoa28.0m (91'10&quot;)Dubbel & Jesse Yachtbau GmbH & Co. KG1985">Acoa</a> features naval architecture by <a data-gid="gid://syiq/Company/35" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubois Naval Architects Ltd. (Company)">Dubois Naval Architects</a> and can accommodate up to nine guests across a four stateroom configuration. &nbsp;Intended for long-range cruising, <a data-gid="gid://syiq/Yacht/8917" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Acoa28.0m (91'10&quot;)Dubbel & Jesse Yachtbau GmbH & Co. KG1985">Acoa</a> has previously completed a circumnavigation and has sailed in polar regions, including Antarctica.<img src="https://photo-assets.superyachttimes.com/photo/222305/image/large-9fe5e6f715a2411af3f02bda079a11ea.jpeg" data-gid="gid://syiq/Photo/222305">

Acoa: 28m yacht runs aground in Playa de Marica, Mallorca

The 28-metre Dubbel & Jesse Yachtbau sailing yacht Acoa has run aground near Playa de Marica, off the northeast coast of Mallorca earlier this week. 

28m sailing yacht Acoa runs aground in Costa de Los Pinos, Mallorca

<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 filed a €456 million claim in a Sicilian court against the widow of British technology entrepreneur Mike Lynch, following the fatal sinking of the 55.9-metre <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> sailing yacht <a data-gid="gid://syiq/Yacht/39" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bayesian55.9m (183'5&quot;)Perini Navi2008">Bayesian</a> in August 2024.<img src="https://photo-assets.superyachttimes.com/photo/60882/image/large-7837abda3b1f575a9dfce39ad08f224c.jpg" data-gid="gid://syiq/Photo/60882">According to court documents first reported by The Telegraph, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> alleges that <a data-gid="gid://syiq/Yacht/39" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bayesian55.9m (183'5&quot;)Perini Navi2008">Bayesian</a>'s crew and owning entity were responsible for the incident, which resulted in the loss of seven lives. Angela Bacares Lynch, who survived the sinking, is the legal owner of Revtom, the Isle of Man-registered company that owned the yacht.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> claims the tragedy has led to significant financial losses, including a collapse in sales linked to its <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> brand. The company acquired <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> out of bankruptcy in 2021 and claims the sinking has caused substantial reputational and financial damage 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>.&nbsp;The company states that it has been unable to secure new orders for <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> yachts since the accident and that ongoing negotiations with prospective buyers were halted. It also cites a decline in share value and a broader loss of revenue.The lawsuit has been filed in the court of Termini Imerese and is reportedly directed against Revtom, as well as the yacht’s captain, James Cutfield and crew members Timothy Eaton and Matthew Griffiths.Italian prosecutors have previously confirmed that members of the crew are under criminal investigation in relation to the sinking. At the time of publication, no findings of liability have been issued by the relevant authorities.<img src="https://photo-assets.superyachttimes.com/photo/360177/image/large-c0cbd5b930f2ae17bf99d981e54ef248.png" data-gid="gid://syiq/Photo/360177">In its filing, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> alleges that a series of operational errors contributed to the yacht’s capsize, including a failure to close hatches, respond appropriately to weather warnings and lower the keel. The company maintains that the yacht was structurally sound and has described the vessel as effectively unsinkable, arguing that it did not right itself due to crew negligence.In 2025, the <a data-gid="gid://syiq/Article/63321" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Interim report unveils possible causes of Bayesian yacht sinking off Sicily (2025-05-15 10:45:00 +0200)">UK Marine Accident Investigation Branch published preliminary findings</a> which referred to potential vulnerabilities in the yacht’s design and operating characteristics that were not fully understood by the crew.<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> has not publicly commented on the legal action. The case is expected to proceed in the Italian courts.

Bayesian: TISG sues Mike Lynch’s wife following 56m yacht sinking

TISG has filed a €456 million claim against the widow of Mike Lynch, following the sinking of the 56m Perini Navi yacht Bayesian in August 2024.

TISG sues Mike Lynch’s wife following 56m Bayesian yacht sinking

Three large yachts have been destroyed and sunk, with a fourth sustaining significant damage, following a fire at the Spit Marina in Mosman, on Sydney’s north shore in Australia last week. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/382441/image/large-227401ca335914b399900904e4d9c730.jpg" data-gid="gid://syiq/Photo/382441">Fire and Rescue NSW (FRNSW) firefighters were called in the early hours on Friday 9 January 2026 with reports that more than 40 firefighters were called to the scene at 3:21am, alongside the Port Authority of NSW firefighting vessel, Girawaa. &nbsp;Details surrounding the vessels are yet to be determined, but SuperYacht Times believes they might include the 25.91-metre <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> 85 yacht <a data-gid="gid://syiq/Yacht/7674" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aqua25.91m (85'0&quot;)Princess Yachts2010">Aqua</a> and a <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> yacht. <img src="https://photo-assets.superyachttimes.com/photo/382439/image/large-91cfc8d4f210b7a13f9c20b84006a796.jpg" data-gid="gid://syiq/Photo/382439">It took FRNSW approximately 2.5 hours to extinguish the fire, with the Environment Protection Authority deploying booms to contain debris and material, including oil and fuel.An investigation is currently underway regarding the cause of the fire.<img src="https://photo-assets.superyachttimes.com/photo/382440/image/large-5282ed1296b604dd6040a51d1880ba6c.jpg" data-gid="gid://syiq/Photo/382440">The Spit Marina offers 106 secure wet berths for vessels up to 50 metres, including dedicated superyacht berths and 60 swing moorings in Quakers Hat &amp; Pearl Bay. It’s one of Sydney’s premier spots for luxury berthing and on-water convenience. SuperYacht Times will continue to follow this story and update if/when new information becomes available.

Three yacht fire in Spit Marina Sydney, Australia

Three large yachts have been destroyed and sunk, with a fourth sustaining significant damage, following a fire at the Spit Marina, Sydney, Australia.

Three yachts sink and another badly damaged following fire in Spit Marina, Sydney

A major fire broke out at Marina Zeas in Piraeus, Greece, in the early hours of the morning on Thursday 13 November, destroying four yachts, including the 43.07-metre <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> yacht <a data-gid="gid://syiq/Yacht/6872" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanctuary43.07m (141'4&quot;)Overmarine Group SPA2018">Sanctuary</a>.<img src="https://photo-assets.superyachttimes.com/photo/378064/image/large-33c80fc7197f8e7920a290546f448144.jpg" data-gid="gid://syiq/Photo/378064">According to AIS data and local news reports, the incident began at approximately 03:00 local time onboard a wooden sailing yacht that was reportedly operating tourist routes between Piraeus and Aegina.The fire quickly intensified and spread to three neighbouring yachts, including <a data-gid="gid://syiq/Yacht/6872" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanctuary43.07m (141'4&quot;)Overmarine Group SPA2018">Sanctuary</a>, which were moored at the marina. Despite the swift response of the Hellenic Fire Service and Coast Guard, all four vessels were ultimately lost, sinking in the harbour as firefighting efforts continued.<img src="https://photo-assets.superyachttimes.com/photo/378065/image/large-3900aa4c75824ee1cc808a9fe85e45ff.jpg" data-gid="gid://syiq/Photo/378065">The 82.5-metre <a data-gid="gid://syiq/Company/286" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mitsubishi Heavy Industries Ltd. (Company)">Mitsubishi Heavy Industries</a> yacht Emir, the 63-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> yacht Artisan, the 60-metre <a data-gid="gid://syiq/Company/113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CMN Yacht Division (Company)">CMN Yacht Division</a> yacht Ora, the 50-metre <a data-gid="gid://syiq/Company/765" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ortona Navi (Company)">Ortona Navi</a> yacht Zia and the 49.95-metre <a data-gid="gid://syiq/Company/2775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cosmo Explorer (Company)">Cosmo Explorer</a> yacht I Nova were all seen leaving the area to avoid the incident.&nbsp;No injuries have been reported and authorities have launched an investigation to determine the cause of the fire. The marina remains partially cordoned off while the recovery and assessment operations continue.Photographs from the scene show the remains of several burnt hulls partially submerged, with significant damage to surrounding pontoons. The identity of the other three yachts has not yet been confirmed. <img src="https://photo-assets.superyachttimes.com/photo/312507/image/large-a0e6e2e1273e2aba24026a53442f461f.jpg" data-gid="gid://syiq/Photo/312507">Delivered in 2018 as part of the Mangusta Oceano 43 series, <a data-gid="gid://syiq/Yacht/6872" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanctuary43.07m (141'4&quot;)Overmarine Group SPA2018">Sanctuary</a> features interior and exterior design by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a>, with naval architecture by <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a>. In 2024, SuperYacht Times interviewed Beth Hamilton, the owner of <a data-gid="gid://syiq/Yacht/6872" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanctuary43.07m (141'4&quot;)Overmarine Group SPA2018">Sanctuary</a> to find out more about the yacht.&nbsp;Read: <a data-gid="gid://syiq/Article/60553" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Owner insight: Beth Hamilton and her 43m superyacht Sanctuary (2024-05-31 12:00:00 +0200)">Owner insight: Beth Hamilton and her 43m superyacht Sanctuary</a><a data-gid="gid://syiq/Yacht/6872" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanctuary43.07m (141'4&quot;)Overmarine Group SPA2018">Sanctuary</a> can accommodate up to 12 guests across five staterooms, alongside a crew of seven in four cabins. Standout features include a swimming pool on her foredeck and a contemporary beach club at sea level for easy access to the water.SuperYacht Times will continue to monitor updates from Greek maritime authorities as the investigation progresses.(Image of Sanctuary courtesy of Fraser)

Four yachts destroyed in fire at Marina Zeas, Piraeus, Greece

A major fire broke out at Marina Zeas in Piraeus, Greece, destroying four yachts, including the 43m Overmarine yacht Sanctuary.

A fire broke out onboard a 26.88-metre <a data-gid="gid://syiq/Company/362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leopard Yachts (Company)">Leopard</a> 27M yacht <a data-gid="gid://syiq/Yacht/16582" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Principessa Matera26.88m (88'2&quot;)Leopard Yachts">Principessa Matera</a> off the coast of Capo Noli, Savona in Italy yesterday afternoon. <img src="https://photo-assets.superyachttimes.com/photo/377502/image/large-7406e44071f3f53280d78ecedeb86e23.jpg" data-gid="gid://syiq/Photo/377502">Firefighters coordinated with the Coast Guard after the alarm was raised just after 14:00 on Thursday 6 November 2025. According to local firefighters, the Vigili del Fuoco team were called to extinguish the flames, with thick black smoke visible a few miles from the coast.<img src="https://photo-assets.superyachttimes.com/photo/377504/image/large-f615d645230371e4af64035ac25c257a.jpg" data-gid="gid://syiq/Photo/377504"><img src="https://photo-assets.superyachttimes.com/photo/377505/image/large-8410bad47382af51276f03112f357dd8.jpg" data-gid="gid://syiq/Photo/377505">Three people were onboard <a data-gid="gid://syiq/Yacht/16582" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Principessa Matera26.88m (88'2&quot;)Leopard Yachts">Principessa Matera</a> at the time of the incident and were rescued using two motor boats, one from Genoa and one from Savona. In footage shared by the Vigili del Fuoco, a Drago helicopter was used to assist in the operation.&nbsp;Details surrounding the fire are yet to be disclosed, as well as the status of the three people who were rescued. <img src="https://photo-assets.superyachttimes.com/photo/377503/image/large-5d3ae16b61906f18b4a6d2705cef71db.jpg" data-gid="gid://syiq/Photo/377503">The <a data-gid="gid://syiq/Company/362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leopard Yachts (Company)">Leopard</a> 27M series measures 26.88-metres, with some custom models reaching up to 27-metres. The standard configuration sees a three stateroom configuration for up to six guests, as well as two cabins for a crew of three.&nbsp;SuperYacht Times will continue to follow this story and update as more details become available. <img src="https://photo-assets.superyachttimes.com/photo/84844/image/large-c2cad07a23ed0ef6d45943eff7ce60f4.jpg" data-gid="gid://syiq/Photo/84844">(The picture above is of her sistership GLNM and is used for illustrative purposes only.)

Principessa Matera: Fire onboard 27m Leopard yacht in Savona

A fire broke out onboard a 26.88-metre Leopard 27M yacht Principessa Matera off the coast of Capo Noli, Savona in Italy yesterday afternoon. 

Fire destroys 27m Leopard yacht Principessa Matera in Savona, Italy

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

69m fossil-free Vitters sailing superyacht Project Zero launched

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

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

<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

Video interior Amore à Vida yacht

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

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

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

26m Azimut motor yacht Satisfaction sold

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

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

CVC to sell D-Marin to InfraVia Capital Partners

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

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

The 37.04-metre <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/7998" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kiki V37.04m (121'6&quot;)Custom Line2020">Kiki V</a> has been sold, with Hans von Doornmalen of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> introducing the buyer and Arne Ploch of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/399334/image/large-f9dff4373d2fa5a65743f59402be3534.jpg" data-gid="gid://syiq/Photo/399334">In 2020, she was delivered as Tello for the CEO of the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> and is part of the builder’s Navetta 37 series. She has been specified with an extensive list of upgrades, making her one of the most comprehensively specified Navetta 37s available. &nbsp;At a volume of 289 GT, she can accommodate up to 10 guests across five well-appointed staterooms and is supported by a crew of seven. Moving outside, guests can enjoy the sunpads, wet bar and a hot tub on her flybridge, while the bow hosts a forward seating area.Propulsion-wise, she is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, delivering a cruising speed of 12 knots and a top speed of 15.5 knots.&nbsp;At the time of her sale, <a data-gid="gid://syiq/Yacht/7998" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kiki V37.04m (121'6&quot;)Custom Line2020">Kiki V</a> had a last known asking price of €13,600,000.Photo courtesy of&nbsp;<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>..

Custom Line yacht Kiki V sold

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

37m Custom Line motor yacht Kiki V sold

The 33.3-metre <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> motor yacht <a data-gid="gid://syiq/Yacht/8680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Artemis33.3m (109'3&quot;)Mangusta Yachts2021">Artemis</a> has been sold, with Christian Kahn of <a data-gid="gid://syiq/Company/8914" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bayside-X (Company)">Bayside-X</a> introducing the buyer and Alex G. Clarke of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/399333/image/large-88ed926344aea8f8808a0c7c07804e32.jpg" data-gid="gid://syiq/Photo/399333">Delivered in 2021, the Mangusta 33 GranSport yacht was originally commissioned as Dopamine by her experienced owner. She has benefitted from over one million euros worth of upgrades, including interior decor by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini</a>. Meanwhile, her exteriors were also penned by the designer, complemented by naval architecture created in-house by her builder.<a data-gid="gid://syiq/Yacht/8680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Artemis33.3m (109'3&quot;)Mangusta Yachts2021">Artemis</a> can sleep up to 12 guests across five well-appointed staterooms, as well as five crew members for utmost onboard comfort. A standout feature of the yacht is the Jacuzzi on the bow, along with her master suite reconfigured with a custom layout during her refit.In terms of propulsion system, <a data-gid="gid://syiq/Yacht/8680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Artemis33.3m (109'3&quot;)Mangusta Yachts2021">Artemis</a> is powered by quadruple <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> engines, giving her a cruising speed of 21 knots and a top speed of 26 knots.At the time of her sale, she had a last known asking price of $10,975,000.Photo courtesy of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a>.

Mangusta yacht Artemis sold

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

33m Mangusta motor yacht Artemis sold

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

101m Feadship 1014 superyacht Destiny delivered

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

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

TISG granted 60 days to file restructuring plan

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

Casualty

30m Ferretti yacht H And Co destroyed off the coast of Elafonisos, Greece