Following the resignation of Simona Del Re as Chairwoman of the Board of Directors at <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> the company has announced the re-appointment of Filippo Menchelli as the new Chairman.<img src="https://photo-assets.superyachttimes.com/photo/337396/image/large-f73639c0abcbaeec45ac1e165d7b930f.png" data-gid="gid://syiq/Photo/337396">After receiving a favourable opinion from the Appointments and Remuneration Committee, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> resolved to co-opt Filippo Menchelli onto the Board of Directors. In accordance with Article 2386 of the Italian Civil Code, he will be appointed as Chairman of the Board of Directors of the Company during the next Shareholders Meeting.Read: <a data-gid="gid://syiq/Article/61941" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simona Del Re resigns as Chairwoman of The Italian Sea Group (2024-11-07 17:00:00 +0100)">Simona Del Re resigns as Chairwoman of The Italian Sea Group</a>The Board of Directors co-opted and appointed Filippo Menchelli as Chairman, who had already held the same position from May 2020 to June 2024. In June 2024, as part of the company's strategic growth and organisational evolution, Filippo Menchelli was asked to take a more active role in operational management, given his extensive experience.After improvements in production efficiency, the Board of Directors reinstated him as Chairman. Menchelli was also given specific responsibilities over employee management and workplace safety, officially designated as the company’s Employer. To streamline operations and prevent role overlap, CEO Giovanni Costantino's responsibilities were adjusted accordingly.The announcement was made as part of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>’s financial results for the first nine months of 2024, which revealed another positive quarter for the company. You can <a data-gid="gid://syiq/Article/61993" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group reports 11.4% revenue growth in Q3 2024 (2024-11-13 16:30:00 +0100)">read more about the report here</a>.&nbsp;Filippo Menchelli, who joined the Group in 2012, initially served as Administration Manager for <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>. and <a data-gid="gid://syiq/Company/6243" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuovi Cantieri Apuania S.p.A. (Company)">Nuovi Cantieri Apuania</a>. In 2014, he advanced to Chief Financial Officer and Head of Legal Affairs. Later, he became a Director of the Issuer in 2018, a role he held until June 2024, and additionally served as Chairman from May 2020 to June 2024.

Filippo Menchelli appointed as new Chairman of TISG

Filippo Menchelli, Chairman of The Italian Sea Group

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Filippo Menchelli has been re-appointed as the Chairman of TISG, following the resignation of Simona Del Re

Filippo Menchelli re-appointed as Chairman of The Italian Sea Group

German shipyard <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> has announced the appointment of Gregor Bredenbeck, who will take responsibility for sales and international expansion. He will oversee the worldwide sales operations of the shipyard, effective 1 June.<img src="https://photo-assets.superyachttimes.com/photo/396854/image/large-ef1cbdd6f2dcc9b8b9f7744e6ee5c394.jpg" data-gid="gid://syiq/Photo/396854">His role will also focus on advancing the international growth of the <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> brand, while further developing its brokerage and charter divisions.Gregor commented on his appointment: “I felt it was time for a new challenge in my professional career, and I did not have to think twice when <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> approached me. I have worked with several of my new colleagues in the past, and over recent years <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> has built a truly exceptional team.”He brings decades of experience to the role, beginning in 1990 when he started building racing yachts. Gregor then moved into the sales of premium yachts, spending many years working with discerning international clients.<a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> founder Michael Schmidt concluded: “Gregor and I have successfully completed numerous projects together over the years. I have always admired the professionalism he demonstrated in every role he held. With Gregor onboard, we are entering a new chapter in the development of our global sales activities.”

Gregor Bredenbeck joins YYachts sales

German shipyard YYachts has announced the appointment of Gregor Bredenbeck.

YYachts appoints Gregor Bredenbeck in worldwide sales operations role

<a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> has announced the appointment of Captain Mike Rouse as Strategic Advisor. According to the shipyard, the move reinforces its commitment to integrating real-world operational expertise into its long-term technical and design strategy.<img src="https://photo-assets.superyachttimes.com/photo/394667/image/large-5b4aaad4ee99f3c3f7ab904c085af851.jpg" data-gid="gid://syiq/Photo/394667">Mike brings extensive experience from senior command roles, technical advisory work, and project oversight gained over decades at sea. His career includes commanding large yachts, supporting complex newbuild projects, and advising on major refits across Northern Europe. This breadth of experience positions him to bridge the gap between operational realities on board and advanced yacht engineering. He has also worked closely with owners’ teams as an owner’s representative throughout his career.He will collaborate closely with <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen’s</a> board and technical departments to assess emerging technologies and refine build standards, while integrating operational feedback from the earliest stages of design and engineering. His input will also assist in optimising layout efficiency, crew operations, and long-range capability from the outset, ensuring practical functionality is embedded alongside performance and aesthetics.“Bringing Mike into the organisation marks a progressive step in our pursuit of excellence,” said <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> CEO Jeroen van der Meer. “His operational insight, combined with our engineering capability, enhances our ability to deliver yachts that are technologically advanced and perfectly aligned with the realities of contemporary yachting. His contribution will support our technical teams as we evolve our product range and enter a new chapter of innovation.”He will also advise <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen’s</a> in-house interior division on the balance between design ambition and maritime durability. Through this approach, Mike will support a holistic approach that aligns luxury with long-term resilience.“In superyacht construction, the difference between a good yacht and a great one often emerges only after thousands of miles underway,” concludes Mike. “My goal is to ensure those operational nuances are embedded from day one. I look forward to working with the engineering teams to champion practical innovation and uphold <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen’s</a> reputation for uncompromising Northern European quality.”

Heesen appoints Mike Rouse strategic advisor

Heesen has announced the appointment of Captain Mike Rouse as Strategic Advisor.

Heesen appoints Captain Mike Rouse as Strategic Advisor

American shipyard <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a> has announced the appointment of Tim Kershaw as its new Director of Sales, strengthening the shipyard’s focus on highly customised superyacht projects and long-term client relationships.<img src="https://photo-assets.superyachttimes.com/photo/394023/image/large-396029ab8be781064b4c7fb385a20839.jpg" data-gid="gid://syiq/Photo/394023">Kershaw joins the Seattle-based shipyard, bringing 14 years of experience in the yachting industry. Beginning his career as a crew, he later transitioned into sales and marketing roles in the last decade, having built extensive experience from brokerage to new build transactions.In his new role, Kershaw will oversee sales activity in key international markets, particularly the United States, Mexico, and Europe. He will also welcome brokers and prospective owners to <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a>’s Seattle shipyard to view current in-build projects and future developments.“This is a dynamic moment for <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta</a>, with significant new projects underway and growing interest from experienced owners,” said Michelle Jones of <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a>. “Tim’s market knowledge and hands-on background give him exactly the perspective we want at the front of our new build conversations.”Kershaw’s appointment comes as <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a> progresses construction on two major projects: Discovery, a 48-metre custom yacht centred on wellness and movement, and Zembra, a 46-metre full-displacement motor yacht engineered for long-range expedition.Founded in 1967, <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a> is recognised for building fully custom superyachts entirely in-house at its Seattle facilities, overseeing every stage from design and engineering through to fabrication and finishing.Commenting on his appointment, Kershaw noted that he looks forward to engaging closely with owners, family offices and brokerage houses as the shipyard continues expanding its presence within the sector of custom superyachts.

Delta Marine appoints Tim Kershaw as Director of Sales

Delta Marine has appointed Tim Kershaw as Director of Sales as the shipyard advances several custom superyacht projects.

The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect, following the company’s Annual General Meeting held on 15 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">The appointment was confirmed by the Board of Directors, which also reconfirmed Tan Ning as Chairman of the Board. Anastassov succeeds Alberto Galassi, whose departure from the company was announced yesterday.Read: <a data-gid="gid://syiq/Article/66087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors (2026-05-14 16:00:00 +0200)">Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors</a><img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-769ff4738384374b511d59651630542a.jpg" data-gid="gid://syiq/Photo/220951">Anastassov joins the group with extensive international leadership experience across the consumer, industrial and manufacturing sectors. He previously served as the President and Chief Executive Officer of Duracell and spent three decades in senior leadership roles at Procter &amp; Gamble across Europe, North America, Asia and the Middle East.In addition to his executive experience, Anastassov currently serves as a non-executive director of JS Global Lifestyle and Better Shelter, while also advising international companies and investment firms on governance and operational transformation.“It is an honour to be appointed Chief Executive Officer of a unique company built on extraordinary brands, exceptional craftsmanship and talented people,” commented Stassi Anastassov.&nbsp;“Italy is and will remain the heart of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>. Our commitment is first and foremost to the strength, stability and long-term success of the Company. By serving the business well, we serve all shareholders, employees, customers and partners who contribute to <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s future.”During yesterday’s shareholder’s meeting is was announced that Tan Ning was appointed as Chairman of the Board of Directors, alongside Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer joins the board representing minority shareholder Azùr a.s.“On behalf of the Board, I thank shareholders for their continued trust and support. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> enters this next phase with strong foundations, exceptional brands and significant long-term opportunities,” added Tan Ning.&nbsp;“The Board remains fully committed to continuity, disciplined execution and the long-term development of the Group. Under Mr. Anastassov’s leadership, the Group will continue to strengthen its operational excellence, global positioning and long-term value creation while preserving the unique heritage and identity that define <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.”<img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Ownership tensions continueAs well as this, Reuters reported earlier today that Czech investor KKCG Maritime had submitted a request to the Italian government to assess whether <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> has breached "golden power" rules designed to shield strategic assets.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/386471/image/large-5864e3d980f30348ec76855095f57666.jpg" data-gid="gid://syiq/Photo/386471">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.As a result of this, KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. "A request has been received and is currently being considered by the relevant departments,” explained Industry Minister Adolfo Urso.During the announcement of its new CEO Stassi Anastassov, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> said it would continue to execute its existing strategic and industrial plans while further strengthening operational discipline, global development and long-term value creation.The company’s next Board meeting is scheduled for 19 May 2026, during which it will review its first-quarter 2026 financial results.

Ferretti Group appoints Stassi Anastassov as CEO

The Ferretti Group has officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect.

business-people-large-articles#0

Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions

<a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> has announced it will open the doors of its Alblasserdam facilities on Friday, 22 May 2026 for a dedicated career day, held in celebration of World Boating Day in collaboration with its Co-makers. The event invites students, professionals and those curious about the maritime sector to explore opportunities within yacht building and beyond.&nbsp;<a href="https://forms.office.com/pages/responsepage.aspx?id=rfLC-phH10-j6nf2j-Kyha2DvHmgZLJDuDFoHtr2Ey5UNzhKQjFWQjJQTkwwTFM3SlRNRURZTTBBTi4u&route=shorturl" target="_blank">Registration is available via the official Oceanco Career Day form</a>.Designed to provide a comprehensive introduction to the industry, <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> Career Day will centre around three immersive experiences, offering visitors a closer look at the people, processes and potential career paths behind the construction of a superyacht.<img src="https://photo-assets.superyachttimes.com/photo/392031/image/large-a98523349bfcf7ab6470712ab561960e.jpg" data-gid="gid://syiq/Photo/392031">Three ways to experience yacht buildingThe Story of a Build, an interactive journey tracing the lifecycle of an <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> yacht from initial concept through to delivery. Through a series of installations, visitors will encounter technologies such as virtual reality tours and live 3D printing, bringing each stage of the build process into focus.The Co-maker Community, a dedicated space where attendees can engage directly with <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> and its network of partner companies. Representatives will be available to discuss roles across the yacht building supply chain and the wider maritime sector, offering valuable insight into the collaborative nature of the industry.The Forum, will host a programme of expert talks and panel discussions. Speakers from across the sector will share their experiences, providing perspective on career development within a highly technical and innovation-driven environment.Opening doors to future talent<a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> Career Day aims to demystify the superyacht industry and make it more accessible to emerging talent. Whether at the beginning of a professional journey or considering a new direction, visitors will gain a clearer understanding of how their skills may translate into a role within <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> or its wider partner network.Event details Date: Friday, 22 May 2026 Time: 10.00 – 16.00 Location: <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, Marineweg 5, Alblasserdam

Oceanco Career Day 2026

Oceanco has announced it will open the doors of its Alblasserdam facilities on Friday, 22 May 2026 for a dedicated career day.

Oceanco opens its doors to talent for World Boating Day  on 22 May

<a data-gid="gid://syiq/Company/734" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camberley International Inc. (Company)">Camberley International</a> has announced the appointment of Roy Posthuma and Darina Posthuma as Charter and Sales Brokers.<img src="https://photo-assets.superyachttimes.com/photo/391845/image/large-4d5d8299dcc4b0c320e582a0052aaf13.png" data-gid="gid://syiq/Photo/391845">Darina has been working in the superyacht industry since 2017, drawing on a varied professional background that includes management consulting, banking and Formula 1. She focuses on advising high-net-worth individuals, entrepreneurs, founders, and family offices, offering highly tailored yachting solutions.Her expertise spans family-focused charters, explorer yachts, and fully bespoke global itineraries. In her role, she will concentrate on personalised client advisory services, particularly across the Mediterranean and other key international markets.Meanwhile, Roy brings over a decade of experience in the superyacht industry. Based in La Spezia, Italy, he advises a global client base spanning the Mediterranean and the Caribbean. In his new role, he will support the company’s growth in charter and brokerage services, with a particular focus on serving clients worldwide.“His appointment further strengthens <a data-gid="gid://syiq/Company/734" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camberley International Inc. (Company)">Camberley International’s</a> charter and sales capabilities amid continued strong market activity,” the company concluded.

Camberley International appoints two brokers

Camberley International has announced the appointment of Roy Posthuma and Darina Posthuma as Charter and Sales Brokers.


Camberley International appoints two Charter and Sales brokers

<a data-gid="gid://syiq/Company/4683" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berthon International (Company)">Berthon International</a> has announced the appointment of Tim Carbury as Managing Director. Carbury succeeds Sue Grant, who is retiring after leading the business for 35 years. <img src="https://photo-assets.superyachttimes.com/photo/391751/image/large-9c30dd78f442b5a3dbedab14814928a2.jpg" data-gid="gid://syiq/Photo/391751">In his new role, he will oversee the continued development of the business, which employs a team of brokers and support staff across multiple international offices.Carbury will be spearheading the global brokerage house whose headquarters are in the United Kingdom, with a service company in Spain as well as sales offices in Sweden, Spain, and the United States.Furthermore, Carbury brings decades of experience in the yachting sector, which he began at the age of 18.&nbsp;He has held a range of roles across the industry, including positions in yacht brokerage and his recent role as the Head of Sales at <a data-gid="gid://syiq/Company/4683" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berthon International (Company)">Berthon International</a> Spain, where he played a key role in developing the company’s presence in the Mediterranean market.“<a data-gid="gid://syiq/Company/4683" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berthon International (Company)">Berthon International</a> has grown from a two-broker, 20-yacht-sales-a-year business 35 years ago to the business it is today, none of which would have been possible without the commitment and work of the great <a data-gid="gid://syiq/Company/4683" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berthon International (Company)">Berthon</a> team,” said Sue Grant. “Tim will do a great job in further developing the Group.”Carbury added: “The <a data-gid="gid://syiq/Company/4683" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berthon International (Company)">Berthon</a> brand is strong, and I am joining a professional and able team, all of whom are passionate about yachts and the business. I look forward to working with them to take the business forward.” (Image courtesy of <a data-gid="gid://syiq/Company/4683" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berthon International (Company)">Berthon International</a>.)

 Berthon International appoints Tim Carbury as Managing Director

Berthon International has appointed Tim Carbury as Managing Director, succeeding Sue Grant, who is retiring after 35 years of leadership.

<a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen Yachts</a> has announced the opening of a new Monaco sales office, with Lyam Last appointed as Sales Manager. <img src="https://photo-assets.superyachttimes.com/photo/391687/image/large-d0778b32c49ad0053dc339e5e1e2cd7f.jpg" data-gid="gid://syiq/Photo/391687">Following its transition back to operating as a Dutch, family-owned business, <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> is investing in stronger regional support and sales hubs in key yachting markets. Located in the heart of the Mediterranean, the new office aims to provide a direct link between international clientele and the shipyard in Oss, the Netherlands.“Our objective is to bring back the family-led dedication that defines <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>. As we plan for the future, it is important to have teams located in key yachting regions,” explained Jeroen van der Meer, CEO of <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/391690/image/large-3e2de1647b88607cc995b5f1c5f3ff52.jpg" data-gid="gid://syiq/Photo/391690">“A local presence enables closer collaboration with owners, managers, and brokers active in the region, ensuring that <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>’s sales operations remain grounded in the shipyard’s heritage while providing a tailored, authentic experience for the international yachting community.”Joining the Sales team, Lyam Last has been appointed as Sales Manager, bringing with him a data-driven approach to yachting. Last founded monitoring software company Nauticare and is focused on the practicalities of the yachting lifestyle.&nbsp;“I am pleased to welcome Lyam to our team; his respect for our craftsmanship and heritage ensures we are better positioned to support our owners and the brokerage community as we continue to build their lifetime dreams,” concluded van der Meer.

Lyam Last appointed Sales Manager of Heesen Yachts Monaco office

Heesen Yachts has announced the opening of a new Monaco sales office, with Lyam Last appointed as Sales Manager.

Heesen Yachts appoints Lyam Last as Sales Manager of new Monaco office

<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 appointment of Fabio Zanobini as Chief Financial Officer. The company has also restructured its internal audit function as part of efforts to support its financial processes.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">Zanobini, who will assume the role effective 20 April 2026, has also been designated by the Board of Directors as the manager responsible for preparing the company’s financial reports, with full organisational and certification powers in accordance with applicable regulations. He brings experience in administration, finance and control, having previously held senior roles across industrial groups and listed companies. In recent years, he has worked as CFO and Group CFO at Tecno and Neodecortech.In parallel, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> has assigned its internal audit function to Peak Compliance, appointing Elena Bocchino to lead the role for an initial 12-month period. The company noted that the external appointment ensures adequate independence, expertise and organisational structure for the function.<img src="https://photo-assets.superyachttimes.com/photo/299411/image/large-fafd2b9bd13d4cf6c4cf377a2ccb8a27.png" data-gid="gid://syiq/Photo/299411">The appointments follow <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> engagement of KPMG on 2 March 2026 to conduct a forensic review into extra-budget costs across its order portfolio. The review includes findings related to the circumvention of internal controls.Read: <a data-gid="gid://syiq/Article/65640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group moves to restructure after internal financial irregularities (2026-03-16 12:15:00 +0100)">The Italian Sea Group moves to restructure after internal financial irregularities</a>These developments coincide with board-level changes, with <a data-gid="gid://syiq/Article/65488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group Chairman resigns; Giovanni Costantino elected as successor (2026-02-27 11:45:00 +0100)">Giovanni Costantino recently appointed Chairman</a> after the resignation of his predecessor.On 16 March 2026, the company also initiated a negotiated settlement procedure under Italian Legislative Decree No. 14/2019. This allows it to continue operating while undergoing restructuring under independent supervision. Dr. Enrico Terzani, President of the Order of Chartered Accountants and Accounting Experts of Florence, has been appointed to oversee the process. Protective measures have also been granted over the company’s assets during ongoing negotiations.

The Italian Sea Group CFO and external audit lead

TISG has announced the appointment of Fabio Zanobini as Chief Financial Officer.


TISG appoints new CFO and external audit lead amid governance review

<a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker International</a> has confirmed that its current investors, Cheyne Capital and Cross Ocean Partners, will maintain the company’s existing holding structure, following <a data-gid="gid://syiq/Article/65515" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker secures new ownership with KCP acquisition and new CEO (2026-03-03 12:45:00 +0100)">last month’s announcement</a> that private investment firm KCP would acquire the British shipyard.According to <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>, KCP, in partnership with Lionheart Capital, was unable to complete the previously announced and agreed debt purchase and subsequent share acquisition within the required timeframe.Read: <a data-gid="gid://syiq/Article/65515" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker secures new ownership with KCP acquisition and new CEO (2026-03-03 12:45:00 +0100)">Sunseeker secures new ownership with KCP acquisition and new CEO</a><img src="https://photo-assets.superyachttimes.com/photo/390574/image/large-348fdd17d47fd558b49a441521a3dcf2.jpg" data-gid="gid://syiq/Photo/390574">As a result of this, KCP was not able to finalise its funding arrangements in time, with existing lenders Cheyne Capital and Cross Ocean Partners instead stepping in to take ownership of the business, subject to regulatory approvals.Former Chief Operating Officer Steve Timms has been appointed interim CEO, with more than 25 years of experience within the company. He will lead the business while a comprehensive search for a permanent successor is conducted, while Antony Sheriff will remain involved with <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> as a Special Advisor.Earlier this year, <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> outlined a revised strategic direction aimed at repositioning the company as a leading builder in the superyacht segment. In line with this strategy, Cheyne Capital and Cross Ocean Partners plan to provide additional investment across the company’s products, operations and workforce in the coming months.(Image provided by Sunseeker.)

Sunseeker new interim CEO

Sunseeker has announced a new interim CEO Steve Timms as Cheyne Capital and Cross Ocean Partners maintain the company’s existing holding structure. 

Sunseeker ownership confirms strategy and appoints Steve Timms as interim CEO

<a data-gid="gid://syiq/Company/8076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Port Valencia (Company)">Marina Port Valencia</a> has announced that the inner marina, Marina City, is now complete as part of their phased transformation. <img src="https://photo-assets.superyachttimes.com/photo/397349/image/large-033282147cabe8f5a2ddb1d15d41bc62.png" data-gid="gid://syiq/Photo/397349">Led by the IPM-IMG Group and Ocibar, the project aims to revitalise the three marinas that previously hosted the 2007 America's Cup, while introducing a cutting-edge refit yard, a state-of-the-art dry dock and modern commercial spaces.Read more: <a data-gid="gid://syiq/Article/62614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First renderings of new Marina Port Valencia development unveiled (2025-02-14 12:45:00 +0100)">First renderings of new Marina Port Valencia development unveiled</a><img src="https://photo-assets.superyachttimes.com/photo/397347/image/large-02f98e636005af30408a0493b3b9cb49.png" data-gid="gid://syiq/Photo/397347">The Marina City is now ready to welcome its first customers for the summer season with a full range of premium services. Positioned in the most sheltered area of the port, it has been designed to welcome yachts between 12 and 130 metres and boasts an exclusive central pontoon with berths from 15 metres available for sale or rent for ten, fifteen or twenty years.Construction will soon begin at Marina Norte on a collection of new office buildings designed to attract leading companies and create a hub for networking, innovation and talent. Local residents will also be able to benefit from a restaurant that will open in the former Panorama building.<img src="https://photo-assets.superyachttimes.com/photo/397346/image/large-ad9d771b5b626cd1085ee90660cd52f1.png" data-gid="gid://syiq/Photo/397346">The redevelopment of the marina will be completed in planned phases over the coming years, with local residents able to experience the marina’s new public spaces as each stage is completed.With landscaping designed by GM Paisajistas, in coordination with the architects at ERRE Arquitectura, the plan links Marina Norte, Marina City and Marina Sur through a landscaped ‘green corridor’, creating a continuous route for pedestrians and cyclists lined by Mediterranean vegetation.<img src="https://photo-assets.superyachttimes.com/photo/397348/image/large-4ff447ed4895040fef35c2236798337f.png" data-gid="gid://syiq/Photo/397348">With this project, Marina Port Valencia will reconnect the city with the waterfront,” explained <a data-gid="gid://syiq/Company/8076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Port Valencia (Company)">Marina Port Valencia</a>. "In doing so, it responds to local leisure needs while providing businesses with an unrivalled waterfront environment, establishing Marina Port Valencia as a leading national and international destination built on the principles of sustainability."<img src="https://photo-assets.superyachttimes.com/photo/348287/image/large-0f4e8368c10bd6b34945367d123348e5.jpg" data-gid="gid://syiq/Photo/348287">

Marina Port Valencia completes Marina City development

Marina Port Valencia has announced that the inner marina, Marina City, is now complete as part of their phased transformation.

Marina Port Valencia completes inner marina for yachts up to 130m

Just as physical tank test models are giving way to computational fluid dynamics, so another form of virtual modelling is coming to the fore – the digital twin. But what is a digital twin, and how can we use them to streamline superyacht design, construction and operation?Providing an exact definition of a digital twin can be tricky, not least because different people use the term in different ways. With conceptual origins tracing back to NASA in the 1960s, the truth is that digital twins come in a variety of forms and offer multiple applications – all of which have the potential to change the approach to design and enhance the operational effectiveness of superyachts.“I haven’t found a consistent way that people use the term,” says software developer Boudewijn van Groos. “For example, some call a simple 3D model a digital twin, even if it doesn’t make predictions. It might show live sensor data from the vessel, but it’s really just a portal into the actual ship. That is fundamentally different to a software model that mimics the behaviour of a system based on physical or statistical calculations. Yet people refer to both as digital twins.”Models created in a software environment are arguably the purest form of digital twinning. They are increasingly being used both to train AI and to enable systems developers to code the core parts of a yacht’s controllers while the physical yacht itself is still in build – a decisive factor when faced with tight construction and delivery schedules.<img src="https://photo-assets.superyachttimes.com/photo/397081/image/large-c63a38ee887c535cd43a28154e353077.jpeg" data-gid="gid://syiq/Photo/397081">Virtual virtuesVan Groos is leading a team of software developers who are undertaking the coding of a multifaceted monitoring and control system aboard Project Zero, the renewables-powered sailing yacht under construction at <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters Shipyard</a>. In collaboration with German company XRG Simulation, they have been building a virtual version of the yacht’s systems in Modelica, which allows them to write the code for the programmable logic controller (PLC) for the thermal harvesting and recovery system, for example, and test it before the physical system has been completed. While the team has also been using a current sailing superyacht as a test bed, creating a digital twin has brought additional benefits.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397079/image/large-c1ba2f94baf775740a49c5322a0b5621.jpg" data-gid="gid://syiq/Photo/397079">“For everything we’re doing we first write the physical thing into code to form the digital twin,” Van explains. “That simulation can be very basic, or a deep mechanical simulation. It gives us an opportunity to prevent regression bugs and it means we can avoid having to run our code on a physical system that means needing the real machine every time, which is just a hassle.”Developing a digital twin not only creates a platform for virtual testing, it also provides an opportunity to explore or to train AI, which can have real-world applications in a finished project. Indeed, this is the approach that <a data-gid="gid://syiq/Company/3559" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Videoworks Group (Company)">Videoworks</a> and <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> took, in collaboration with the University of Pisa, to develop the systems on the 42.84-metre superyacht <a data-gid="gid://syiq/Yacht/12135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf X42.84m (140'7&quot;)Rossinavi2024">Seawolf X</a> catamaran.“On a yacht you have a lot of very high-tech systems, each optimised and each with sensor actuators,” explains Maurizio Minossi, CEO and CTO of <a data-gid="gid://syiq/Company/3559" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Videoworks Group (Company)">Videoworks</a>. “The idea is to create a sort of manager that grabs the data coming from the different subsystems and, thanks to the use of AI algorithms, gives it added value in terms of monitoring and control.”<img src="https://photo-assets.superyachttimes.com/photo/397078/image/large-3bbe7f4296cb60275d58eb400d1d5976.jpg" data-gid="gid://syiq/Photo/397078">“AI algorithms need to train on something – you need a story,” adds Sergio Saponara, director of the Department of Informational Engineering at the University of Pisa. “But if the technology is new, how do you create that story? Creating a digital model of a yacht allows you to fill the AI with data. You analyse the chiller in a model, then you combine it with all the other models to create the whole ship.”The system they have developed, which has been designed to be modular for use across multiple yacht designs and configurations, integrates various network-connected sensors, smart plugs, and actuators, such as HVAC systems, lighting, and automated blinds, orchestrated by an advanced AI algorithm. The digital twin enables the simulation of different configurations and operational scenarios, generating virtual data that can be used to train AI models – a useful approach given the challenges of limited experimental data on energy consumption and passenger habits.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397077/image/large-efe714be9d6f415bcddaf70b66ca2da0.jpg" data-gid="gid://syiq/Photo/397077">Test rig&nbsp;It’s not just in systems design that digital twins are being utilised. For Dale Morris, Group Head of Global Design at <a data-gid="gid://syiq/Company/2447" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Spars (Company)">Southern Spars</a>, the development of digital twins has enabled advanced, in-the-box testing before a rig is stepped – a serious advantage given the one-off nature and complexity of superyacht masts and sail plans.&nbsp;“The outcome is what’s on the water, but the model that came before it has been through all the conditions,” he says. “It starts with base mast properties, rigging pre-tension and tuning, but we add in the actual moulded sail shape and structural files from North Sails, and then we can assess the rig to a whole other level.”<img src="https://photo-assets.superyachttimes.com/photo/397082/image/large-2efc90f958531c34f23220a01c23ffdf.jpg" data-gid="gid://syiq/Photo/397082">This allows the team to see the effect of their rig design choices even down to its impact on the actual shape of the sails. They can go into a whole CFD loop, where the fluid structure interaction (FSI) loops back into the non-linear FEA – non-linear because the mast is flexible. That essentially means they can sea-trial the yacht before any carbon fibre even gets laid in the mast mould.“That also flows through into how we communicate the safe operation to the customer with all the sheet runs and all the load interfaces, so that boatbuilders can build-in the right safety factors,” &nbsp;Morris explains. “You can assess all that within the digital twin.”It also impacts the initial sea trial phases because, rather than the traditional method of stepping a mast and eyeballing the rig to tune it and ensure it is set up symmetrically, it can effectively be pre-set. Gone are the days where you put the rig in, go sailing and flop from tack to tack, make changes, rinse and repeat, which can be a two-day operation.“We are able to virtually go sailing before we even put carbon in the mast tooling, and for yacht designers, owners and crew that’s a huge benefit because it elevates confidence before you get further into the project,” &nbsp;says Vincent Guiot, Group Sales Director at <a data-gid="gid://syiq/Company/2447" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Spars (Company)">Southern Spars</a>. &nbsp;Further, the applications extend to the operational phase. By using the information from the load sensors from specific conditions. If something doesn’t look quite right, the team can plug that data back into the digital twin and help someone on board diagnose the issue more efficiently.<img src="https://photo-assets.superyachttimes.com/photo/397080/image/large-77d39333b2a17751661ad462a20fdfc0.jpg" data-gid="gid://syiq/Photo/397080">Practical magic&nbsp;As CAD has advanced, so 3D models have become commonplace, not only in terms of determining the underlying engineering layout of a vessel but also to ensure the vessel can be built as efficiently as possible. But when one superyacht project approached Dutch company Goltens to take that 3D model further, the potential for an all-encompassing digital twin quickly became apparent.“Normally we design, engineer and create 3D models, and during that process a lot of information on the components – size, material, capacity, make, model – is put into a database,” says Sandra Jutte of Goltens’ Green Technologies division. “But when the vessel departs, most of that information, which can number thousands of data files, stays behind. For this project, we were asked how we could collect all the engineering data in one place during construction and use it to make the yacht smarter in operation.”<img src="https://photo-assets.superyachttimes.com/photo/397085/image/large-8490e120db5880a524554f471c7eb9b6.png" data-gid="gid://syiq/Photo/397085">To achieve that, the Goltens team combined ongoing 3D scanning during the build with CAD and engineering drawings to create a digital version of Project Zero that is a perfect match for the real thing. The result is that all the information on the build, systems and components is available for easy access – especially useful when it comes to fault-finding or in the event of a system alarm.&nbsp;“You need an exact copy of the yacht, so during the entire build our team has been on site with a 3D scanner capturing every stage of the build,” says Jutte. “We’ve scanned every detail, including 100,000 metres of cables and six kilometres of piping.”<img src="https://photo-assets.superyachttimes.com/photo/397086/image/large-39fff693692206113bdc5e36b8ec672b.png" data-gid="gid://syiq/Photo/397086">Every pump, pipe and system is connected and with e-sharing it’s possible to click into the engineering drawing and instantly jump to the same spot in the 3D model, and vice versa. All relevant details and spare parts listings are available with a click. What’s more, the digital twin will form the backbone for predictive maintenance and, potentially, AI-rooted energy efficiency and systems analysis during the operational phase – an aspect that could have huge impact for a project where every kilowatt counts.The potential goes further, however, because wherever the vessel goes, the digital twin goes too. This means designers can use the digital twin to experiment with new ideas or test layouts without ever touching the real vessel, while engineers can follow system performance and simulate improvements, and and owners can explore their yacht anytime, anywhere.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397087/image/large-8c4ef31785ce28bc95f037d27cf282ff.jpg" data-gid="gid://syiq/Photo/397087">Such a comprehensive scan-based digital twin improves maintenance aspects – with all manuals and spare parts lists easily accessible, and with the potential to add predictive maintenance algorithms – but also aids efficiency in a refit phase.&nbsp;“Refits and repairs are no longer a guessing game,” says Jutte. “Because if a component needs to be replaced or a new component fitted, the digital twin already knows what’s there currently and if the new one will fit. It means you can order or prefabricate parts with confidence. It’s a complete feedback loop between design, operation, maintenance, fault-finding and improvement.”<img src="https://photo-assets.superyachttimes.com/photo/397089/image/large-cbdce16aec81ad92d4d28edb2f355442.png" data-gid="gid://syiq/Photo/397089">

How is virtual modelling transforming superyacht design and operation

From rig testing to predictive maintenance, digital twins are reshaping how superyachts are designed, built and operated.

Italian studio <a data-gid="gid://syiq/Company/8392" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SY design (Company)">SY Design</a> has unveiled Kairos, a 52-metre motor yacht concept centred around a stronger connection between the guests and the surrounding sea.<img src="https://photo-assets.superyachttimes.com/photo/397334/image/large-8796d9063db33dbbfbb5f54882d17b18.jpg" data-gid="gid://syiq/Photo/397334">Designed to remain under the 500 GT threshold, Kairos is conceived to be built with a lightweight aluminium structure, Kairos aims to make the outdoors the heart of life onboard. The designer has noted that the concept carefully combines open, flowing spaces with floor-to-ceiling glazing and wide hull openings. Moreover, the layout is intended to draw in natural light to flood her interiors, frame breathtaking sea views, and create a seamless access to the water. <img src="https://photo-assets.superyachttimes.com/photo/397336/image/large-42daf1825f66f137b146990641679193.jpg" data-gid="gid://syiq/Photo/397336">Outside, Kairos is characterised by slender proportions and a modern profile that flows effortlessly from the bow to the stern.Her stern serves as one of the focal points of the project. A magnificent pool set at sea level becomes the part of the beach club area, crafted to deepen the connection between the guests and the ocean and expand the sense of openness across her decks. Reflecting the project's philosophy, <a data-gid="gid://syiq/Company/8392" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SY design (Company)">SY Design</a> explained that "the objective was not to maximise gross tonnage, but to maximise the owner's experience of the sea."<img src="https://photo-assets.superyachttimes.com/photo/397335/image/large-e57a868a18e96191861bfc535940ba8c.jpg" data-gid="gid://syiq/Photo/397335">Wide lateral openings in the hull further extend the views, and invites abundant natural light to dance across the aft, resulting in a bright and open area. Above, her main deck cockpit has been envisioned as a terrace overlooking the sea. In this space, two opposing L-shaped sofas are arranged for mingling and casual lounging, &nbsp;while glass bulwarks preserve uninterrupted views of the horizon.<img src="https://photo-assets.superyachttimes.com/photo/397337/image/large-8562659c5dd2fd32334132b65c354912.jpg" data-gid="gid://syiq/Photo/397337">Ascending further, the yacht’s expansive 105-square-metre fly deck serves as a defining outdoor living area, offering space for socialising, entertaining and open-air dining. Forward, her deck features a flexible layout, allowing owners to tailor the space based on their preferences. <img src="https://photo-assets.superyachttimes.com/photo/397333/image/large-f17ca1e6f871b464c45ae86a2169b934.jpg" data-gid="gid://syiq/Photo/397333">With a beam of nine-metres, accommodation onboard Kairos is arranged for up to 12 guests across six staterooms. The owner's suite is situated forward on the main deck, benefitting from expansive windows and stunning ocean vistas. The five guest staterooms are located on the lower deck.<img src="https://photo-assets.superyachttimes.com/photo/397338/image/large-05b708fcf1585fa034d052d3d23270de.jpg" data-gid="gid://syiq/Photo/397338">Further features include a dedicated bow garage for jet skis and a rescue tender, while a separate aft garage with side access stores the yacht's primary tender without impacting guest spaces.In addition, Kairos features a dedicated bow garage, discreetly housing jet skis and a rescue tender. Meanwhile, a separate aft garage with side access houses the yacht’s primary tender, stowed away to leave guest areas undisturbed. <img src="https://photo-assets.superyachttimes.com/photo/397332/image/large-c9d3caeb265320db2d2d23a3105877a1.jpg" data-gid="gid://syiq/Photo/397332">

SY Design unveils 52m yacht concept Kairos

SY Design has unveiled Kairos, a 52-metre motor yacht concept centred around the owner’s experience of the sea.

 SY Design unveils 52m yacht concept Kairos with sea-level pool

The United States District Court for the Southern District of Florida has dismissed the entire complaint brought by Export Yacht Sales (Brill Maritime), which alleged that Boats Group illegally monopolised the US online boat-listing market through YachtWorld, Boat Trader and boats.com.<img src="https://photo-assets.superyachttimes.com/photo/355047/image/large-0bd8f332392990f5a08cac6ea37b81d1.jpg" data-gid="gid://syiq/Photo/355047">The lawsuit was filed on 14 August 2025, with Brill Maritime alleging that Boats Group controlled approximately 75 percent of the market for listing and marketing recreational boats and used subscription agreements that either bar or discourage brokers and dealers from listing vessels on rival platforms.Read more: <a data-gid="gid://syiq/Article/64073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="US boat dealers bring antitrust class action against Boats Group (2025-08-21 13:00:00 +0200)">US boat dealers bring antitrust class action against Boats Group</a><img src="https://photo-assets.superyachttimes.com/photo/355053/image/large-d4b378b0bbe9bf56a1926a2d570b4fd5.jpg" data-gid="gid://syiq/Photo/355053">According to Brill Maritime, competing platforms had been unable to achieve the scale or inventory to grow their services effectively, leaving brokers and dealers with limited options.The court found that Brill Maritime had plausibly alleged that the relevant market could be defined as an online boat listing and marketing service in the United States and that Boat Group may possess monopoly power in that market.&nbsp;Brill Maritime also alleged that Boat’s Group claimed 75 percent of the global share, reasonably supporting an inference that it has a dominant position in the US market. As a result of this, the judge did not dismiss the case because Boats Group lacks market power.However, the judge said that Brill Maritime had failed to show that Boats Group engaged in illegal anticompetitive conduct and under US antitrust law, being a monopoly is not illegal by itself.The court repeatedly emphasised that monopoly power is legal, but using that power through anticompetitive behaviour to exclude rivals is illegal.&nbsp;The judge found that Brill Maritime’s three main allegations were insufficient including that Boats Group became dominant by acquiring competitors such as YachtWorld.com, boats.com and YachtCloser.com.The judge said that acquiring competitors is not necessarily illegal and that Brill Maritime had not explained how these acquisitions had harmed competition. The complaint had described the acquisitions as “strategic” suggesting it was more of a successful business move than illegal conduct. The judge explained that Brill Maritime had shown that Boats Group bought competitors, but not that these acquisitions were unlawful. <img src="https://photo-assets.superyachttimes.com/photo/355039/image/large-513a0ee840e10e5371f647093bba58d9.jpg" data-gid="gid://syiq/Photo/355039">Brill Maritime also claimed that Boats Group's subscription agreements stoped brokers from listing boats elsewhere. The judge examined the contract language and concluded that the provision merely prevented brokers from implying that a YachtWorld or Boats Group listing originated somewhere else. He therefore concluded that you can advertise on YachtWorld and on other sites and the contract simply prevented you from pretending a Boats Group listing came from another platform, meaning the clause is not an exclusive dealing arrangement.Finally, Brill Maritime argued that Boats Group had dramatically increased its prices. The judge responded that high prices alone are not an antitrust violation. The court cited multiple precedents saying a legal monopolist is generally allowed to charge whatever prices it wants. To prove monopolisation, Brill Maritime needed to show that the higher prices resulted from illegal exclusionary conduct.In conclusion, the judge accepted that Boats Group may hold monopoly power in the US online boat-listing market, but ruled that the plaintiffs failed to show that Boats Group acquired or maintained that position through illegal anticompetitive conduct.United States District Judge, Roy K. Altman dismissed the complaint without prejudice, meaning the plaintiff is able to resubmit an amended complaint, with a deadline of 30 June 2026.&nbsp;The lawsuit also contained claims under Florida law, with the federal court declining to hear the state claims as the federal antitrust claims were dismissed. These were also dismissed without prejudice, allowing for them to also be refiled.&nbsp;SuperYacht Times will continue to follow this story and will provide updates where necessary.

US court dismisses antitrust lawsuit against Boats Group

The US District Court for the Southern District of Florida has dismissed the antitrust lawsuit brought by Export Yacht Sales against Boats Group.

The 24.6-metre <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> motor yacht <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> has been sold, with Joe Hill of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/377303/image/large-e9f5ee62744476943f9773dd48e429fb.jpg" data-gid="gid://syiq/Photo/377303">Delivered in 2022, the yacht features interiors penned in-house by her British builder. Meanwhile, <a data-gid="gid://syiq/Company/2740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Olesinski Ltd. (Company)">Olesinski</a> took charge of her naval architecture and exterior design.At a volume of 78 GT, she can sleep up to eight guests across four well-appointed staterooms. Guests can enjoy communal areas such as the foredeck and aft deck fitted with sunpads and the flybridge with shade.Propulsion-wise, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</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, giving her top speed of 39 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> had a last known asking price of £3,175,000.00.Courtesy of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a>.

Princess yacht N2H2 sold

Princess yacht, N2H2 sold, Princess yacht N2H2, Princess yacht sold, N2H2 sold.

25m Princess motor yacht N2H2 sold

The 35.4-metre <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a> sailing yacht <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has been sold with Yannis Stratis of <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a>. The sale was concluded directly with a private buyer, with <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a> acting as both owner and central agent in the transaction.<img src="https://photo-assets.superyachttimes.com/photo/98550/image/large-7470442e827fa639586e6fb0099778c8.jpg" data-gid="gid://syiq/Photo/98550">The sale was completed in spring 2026 at Yacht Broker House's home base in Corfu, Greece. Since changing hands, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has departed Greece and is now cruising European waters under her new ownership.&nbsp;Delivered in 1992 by Italian shipyard <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a>, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> most recently underwent a refit in France in 2024. She features exterior design and naval architecture by <a data-gid="gid://syiq/Company/357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laurent Giles Superyacht Architects (Company)">Laurent Giles Superyacht Architects</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/618" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Garroni (Company)">Studio Garroni</a>.Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has a beam of 7.95-metres and an interior volume of 171 GT. Accommodation onboard is arranged for up to 10 guests across a five stateroom configuration, while dedicated quarters house up to a crew of six, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> is powered by a single <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engine that delivers a cruising speed of 9.7 knots and a top speed of 12 knots.&nbsp;At the time of her sale, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> had a last known asking price of €900,000.

35m Cantiere Valdettaro sailing yacht Unplugged sold

  The 35.4-metre Cantiere Valdettaro sailing yacht Unplugged has been sold with Yacht Broker House

<img src="https://photo-assets.superyachttimes.com/photo/392305/image/large-86c88e62c5d466ff1f840f9818dce38b.jpg" data-gid="gid://syiq/Photo/392305">The 29.7-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/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> has been sold. Ferhat Kanbur of <a data-gid="gid://syiq/Company/7089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Data Marin (Company)">Data Marin</a> introduced the buyer, while Ilker Bicaco of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a> represented the seller.Delivered in 2010, the yacht features naval architecture penned in-house by her builder. Meanwhile, her interior and exterior designs were crafted by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Design</a>.Inside, her design is distinguished by light coloured woods that give the yacht a contemporary feel. <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> can accommodate up to ten guests across four well-appointed staterooms at a volume of 177 GT. Moreover, a highlight of the yacht is a relaxation area on her flybridge, where guests can enjoy panoramic views.&nbsp;In terms of propulsion system, <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</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, giving her 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/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> had a last known asking price of €2,990,000.Photo courtesy of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a>.

Custom Line yacht Lady Yaz sold

The 29.7-metre Custom Line motor yacht Lady Yaz has been sold.

30m Custom Line motor yacht Lady Yaz sold

The 57-metre <a data-gid="gid://syiq/Company/106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trinity Yachts (Company)">Trinity</a> motor yacht <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> is on the market, with Rob Newton 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> benefitted from a 2025 refit that refreshed her interiors and modernised her systems.<img src="https://photo-assets.superyachttimes.com/photo/397161/image/large-157dd31b806639942ec6e7d2aeb4801c.jpg" data-gid="gid://syiq/Photo/397161">With a deck design built around guest flow, <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> features naval architecture and exterior design penned in-house by her American builder. Meanwhile, <a data-gid="gid://syiq/Company/111" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Evan K Marshall (Company)">Evan K Marshall</a> took charge of her interior design which is distinguished by Italian marbles, Lalique glass, silk carpets and rich wood in birch, vavona, and bur.<img src="https://photo-assets.superyachttimes.com/photo/397220/image/large-a05b27ee4abd4103f48fae88e6afdaf3.jpg" data-gid="gid://syiq/Photo/397220"><img src="https://photo-assets.superyachttimes.com/photo/397195/image/large-5eb0377176736d577315088431b690c5.jpg" data-gid="gid://syiq/Photo/397195">At a volume of 782 GT, the <a href="https://www.superyachttimes.com/yachts/elis-et-mar" target="_blank">yacht Elis Et Mar for sale</a> can accommodate up to 12 guests across six well-appointed staterooms. Her full-beam master suite is found on the main deck. This area can be accessed via a private office and is fitted with a king-size bed, walk-in wardrobe, and his-and-hers bathrooms with a soaking tub, separate rain shower, and mirror TVs. <img src="https://photo-assets.superyachttimes.com/photo/397199/image/large-86d7a9b383706d0176d50ebc3a5183fe.jpg" data-gid="gid://syiq/Photo/397199"><img src="https://photo-assets.superyachttimes.com/photo/397208/image/large-d05e1e5f38e5dc5c8b79aa56962db52a.jpg" data-gid="gid://syiq/Photo/397208">The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale’s</a> VIP suite located on the bridge deck also showcases a king-size bed, elevated views, and a spacious ensuite. Four guest suites on the lower deck, all with fixed king beds and ensuite bathrooms, complete the accommodation.<img src="https://photo-assets.superyachttimes.com/photo/397214/image/large-27ec017e7e73699f2a44df284651fc7c.jpg" data-gid="gid://syiq/Photo/397214">Moving outside, guests aboard <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> are spoilt for choice between adventure and relaxation. Her sundeck plays host to a large Jacuzzi, generous sunpads, a full bar, and an outdoor entertainment system. For those looking to keep active, a fully enclosed, air-conditioned gym is also on offer, equipped with a Pilates Reformer, treadmill, free weights, and audio-visual facilities. A portable ice bath is also available upon request.<img src="https://photo-assets.superyachttimes.com/photo/397235/image/large-cd87a31b555950b9bd569392e9918873.jpg" data-gid="gid://syiq/Photo/397235"><a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar’s</a> bridge deck sky lounge provides a relaxed indoor retreat, complete with plush seating, a full-service bar, and alfresco dining for up to 12 guests aft. Guests may choose between a formal indoor dining space or an aft dining area with optional climate control, offering flexibility to suit any occasion, on the main deck aft.<img src="https://photo-assets.superyachttimes.com/photo/397231/image/large-98b1ee45ae88293202adcd95833904d2.jpg" data-gid="gid://syiq/Photo/397231">Moreover, an impressive array of water toys ensures no shortage of thrills for the more adventurous. On the water, guests can make use of four <a data-gid="gid://syiq/Company/3030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cayago AG / Seabob (Company)">Seabobs</a>, two Lift E-Foils, an Awake Ravic electric surfboard, three Jet Skis, a <a data-gid="gid://syiq/Company/5777" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yamaha (Company)">Yamaha</a> Superjet, inflatable towables, and full snorkelling and fishing gear, alongside two foldable e-bikes for exploration ashore. The entire guest experience is overseen by a professional crew of 13.<img src="https://photo-assets.superyachttimes.com/photo/397191/image/large-7c46a1b67dc6f3193229d237bca28a4f.jpg" data-gid="gid://syiq/Photo/397191">In terms of propulsion system, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=trinity-yachts" target="_blank">Trinity 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 14 knots and a top speed of 20 knots.<img src="https://photo-assets.superyachttimes.com/photo/397192/image/large-e9dc6c5d43d791366dd8c886a1767f06.jpg" data-gid="gid://syiq/Photo/397192">

Trinity yacht Elis Et Mar for sale

The 57-metre Trinity motor yacht Elis Et Mar is on the market, with Rob Newton of IYC.

57m Trinity superyacht Elis Et Mar for sale

The 23.27-metre <a data-gid="gid://syiq/Company/6072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lagoon Yachts (Company)">Lagoon</a> sailing yacht <a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is on the market, listed with Pierre Vezilier 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://syt-store-production.s3.eu-west-1.amazonaws.com/photo/397239/image/large-f1bb937cf0476fd3bcdc5812056e6442.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20260617%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260617T063333Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=262c295532260cfc74c32458fc7618902efd698bf345fdbf0eacd0c8ba9d3ec2" data-gid="gid://syiq/Photo/397239">Delivered in 2024, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> features exterior design by <a data-gid="gid://syiq/Company/6073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Patrick Le Quément (Company)">Patrick Le Quément</a>, interior styling by <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a>, and naval architecture by <a data-gid="gid://syiq/Company/39" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VPLP Design (Company)">VPLP Design</a>. She was conceived with a large sail plan and an optimised hull, delivering efficient open-water performance and stability at sea.<img src="https://photo-assets.superyachttimes.com/photo/397254/image/large-5dd6261e35858f970d81b928ddaa7e07.jpg" data-gid="gid://syiq/Photo/397254"><img src="https://photo-assets.superyachttimes.com/photo/397252/image/large-c8d1bd1bbc866600bfd48dd91c2cdf50.jpg" data-gid="gid://syiq/Photo/397252">The interiors onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale</a> are laid out with a strong emphasis on privacy and generous communal areas. Warm shades of brown, blue and neutral tones run throughout both the private and shared spaces, creating a cohesive atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/397249/image/large-dba320035103ae5c7f72055143b1b08b.jpg" data-gid="gid://syiq/Photo/397249"><img src="https://photo-assets.superyachttimes.com/photo/397242/image/large-6501bd710eba06086f0cd2e755663aab.jpg" data-gid="gid://syiq/Photo/397242">The <a href="https://www.superyachttimes.com/yachts/spirit-of-ponant" target="_blank">yacht Spirit of Ponant for sale</a> can accommodate up to 12 guests across six well-appointed staterooms, with a gross tonnage of 135 GT. On deck, guests may dine alfresco in the aft area, while a hydraulic swim platform provides easy access to the sea.<img src="https://photo-assets.superyachttimes.com/photo/397255/image/large-1b4072cb4b8f209c2ca62d359f3ddbeb.jpg" data-gid="gid://syiq/Photo/397255"><a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is powered by twin <a data-gid="gid://syiq/Company/6795" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nanni industries (Company)">Nanni Industries</a> engines, giving the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=lagoon-yachts" target="_blank">Lagoon yacht for sale</a> a cruising speed of 10 knots and a top speed of 18 knots.Photo courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

catamaran yacht Spirit of Ponant for sale

The 23.27-metre Lagoon sailing yacht Spirit of Ponant is on the market.

23m catamaran Spirit of Ponant for sale

<img src="https://photo-assets.superyachttimes.com/photo/397150/image/large-843519c5d1eee2588222c47260858dee.jpg" data-gid="gid://syiq/Photo/397150">The 73.3-metre <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> superyacht <a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</a> has been spotted making her second visit to Guernsey, having first called at the island on 2 May 2016. She was seen in St Peter Port yesterday and is now en route to Gibraltar, according to AIS data.Previously known as Grace E, she was delivered in 2014 by <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> under its Picchiotti brand in Viareggio, as the largest motor yacht ever built by the shipyard. The 1,876 GT vessel features exterior design by <a data-gid="gid://syiq/Company/53" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Briand Yacht Design (Company)">Briand Yacht Design</a>, with interiors originally conceived by French designer <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Rémi Tessier</a>. She underwent a refit in 2023 with <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> at <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor (Company)">Safe Harbour</a> La Ciotat.<a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</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> diesel-electric engines, affording her a cruising speed of 12 knots, a top speed of 16.5 knots, and a range of 7,500 nautical miles.

73m Perini Navi superyacht Nautilus in Guernsey

The 73.3-metre Perini Navi superyacht Nautilus has been spotted making her second visit to Guernsey.

<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> (<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>) has announced that Simona Del Re has resigned as Chairwoman of the Board of Directors, effective 12 November, citing personal reasons.<img src="https://photo-assets.superyachttimes.com/photo/314796/image/large-0326fa19b8d68c23a7c6f8fcf20e5321.png" data-gid="gid://syiq/Photo/314796">Having spent two decades in various luxury sectors, including fashion, retail, and yachting, Del Re joined <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 2022. This followed <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>'s 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>, where she had served as the Communications &amp; Branding Manager. In June 2024, she was appointed Chairwoman of the Board, succeeding Filippo Menchelli. <a href="#managed-by-system" title="The Italian Sea Group (Company)" data-gid="gid://syiq/Company/5565" target="_blank" rel="noopener noreferrer"></a><a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed the resignation on Wednesday, expressing gratitude for Del Re's contributions and leadership.

Simona Del Re resigns from TISG

The Italian Sea Group has announced the decision of Simona Del Re to step down from her role as Chairman of the Board of Directors.

Simona Del Re resigns as Chairwoman of The Italian Sea Group

<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 approved the financial results for the first nine months of 2024, revealing another positive quarter for the company which encompasses brands such as <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>, <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a>, <a data-gid="gid://syiq/Company/194" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NCA Refit (Company)">NCA Refit</a>, and <a data-gid="gid://syiq/Company/7113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Celi S.r.l (Company)">Celi</a> 1920.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-f30b583ba740d9f9311d4417a62c6d38.jpg" data-gid="gid://syiq/Photo/330852">Key figures to take away from the first nine months of 2024<ul><li>Revenues equal to €292 million, an increase of 11.4% compared to the first nine months of 2023</li><li>EBITDA equal to €50.1 million, a 16% increase from the first nine months of 2023</li><li>Net Financial Debt equal to €19 million</li><li>Investments for the period equal €7.2 million</li><li>The total value of contracts in progress (order book) is equal to €1.275 million as of September 30th, 2024.</li><li>Filippo Menchelli appointed as new Chairman 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></li></ul>“Following the excellent response obtained last September at the Monaco Yacht Show with the presentation of superyachts featuring extremely refined aesthetics and an excellent level of quality, we are working to finalise some important negotiations between the end of 2024 and the beginning of 2025, which will give us further momentum to consolidate the 2025 guidance,” commented Giovanni Costantino, Founder and CEO 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>.Below is a full breakdown of the financial results for <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> for the first nine months of 2024:<img src="https://photo-assets.superyachttimes.com/photo/278853/image/large-c6f79c6d72278113ba8eaca84ce952e0.png" data-gid="gid://syiq/Photo/278853">RevenuesThroughout the first nine months of 2024, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> recorded €292 million in revenues, an 11.4% increase from the previous year’s figure of €262.2 million for the same period. In regards to its operating revenues, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> saw an increase of 12.5% from 2023, for a total of €292.1 million.&nbsp;On top of this, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> reported a 12.2% increase in shipbuilding revenue for the first nine months of 2024, compared to 2023, with a total of €257.3 million. TISG states that this result is attributable to the regular progress of its existing projects.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> also saw a total refit revenue of €34.8 million for the first nine months of 2024, an increase of 5.8% compared to the same period in 2023.<img src="https://photo-assets.superyachttimes.com/photo/224771/image/large-6c9943bfc855a363fdae0848683c74e8.jpg" data-gid="gid://syiq/Photo/224771">EBITDA<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 reported an EBITDA equal to €50.1 million for the first nine months of 2024, up by 16% from the €43 million which was recorded for the same period in 2023 – giving them an EBITDA margin of 17.2% overall.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> stated that the increase in operating margin over time is attributable to the company’s strong focus on operating cost management, as well as its improved efficiency in production processes.&nbsp;They added that benefits from its investment strategy in production capacity, with an optimal mix of synergies between shipbuilding and refit activities, had also contributed, alongside economies of scale. <img src="https://photo-assets.superyachttimes.com/photo/299411/image/large-0c278c95831829aaa8d38b96eac3721f.png" data-gid="gid://syiq/Photo/299411">Backlog<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that the total value of its order book amounts to €1.275 million. This total takes into account the gross value of existing contracts related to new yachts and refit projects, which as of 30 September 2024, have not yet been delivered to clients.The total value of existing contracts for yachts not yet delivered to clients and the net revenues already recorded in the income statement (net backlog) is equal to €544 million.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-176fab6ecaa60429a5acce58ec5da4d6.jpg" data-gid="gid://syiq/Photo/306419">InvestmentsDuring the first nine months of 2024, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> made investments of €7.2 million, aimed at further internalising the high value-added phases of the production process through the creation of the business unit dedicated to interior steelworks.This also included investments into the general site, as well as the expansion of the sales offices at the Marina di Carrara headquarters. In total, investments made in the third quarter of the year amounted to €2.2 million.<img src="https://photo-assets.superyachttimes.com/photo/278854/image/large-10473eb6d3fdc1c0fbd3a7cdaa4e5d83.jpg" data-gid="gid://syiq/Photo/278854">Net financial debtAs of 30 September 2024, the total net financial debt is equal to €19 million, versus a net financial debt of €1.5 million as of 31 December 2023. This reflects that a cash out of €19.6 million &nbsp;for the payment of dividends was made, alongside investments of €7.2 million for the first nine months of 2024 and a receipt of €21 million for the sale of the Viareggio shipyard.&nbsp;Read: <a data-gid="gid://syiq/Article/60721" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG finalises sale of Viareggio shipyard to Next Yacht Group for €21 million (2024-06-12 13:15:00 +0200)">TISG finalises sale of Viareggio shipyard to Next Yacht Group for €21 million</a>In accordance with IAS/IFRS accounting standards, the net financial position includes the discounted value of the fees due to the Port Authorities for the state-owned concessions of the Marina di Carrara, La Spezia and Viareggio shipyards, which, as of 30 September 2024, amounted to €8.2 million, to be paid according to the duration of the relevant concessions.During the first nine months of 2024, the production activities of ongoing orders resulted in a working capital utilisation of €14 million, which allowed for significant work progress.<img src="https://photo-assets.superyachttimes.com/photo/337396/image/large-f73639c0abcbaeec45ac1e165d7b930f.png" data-gid="gid://syiq/Photo/337396">New chairman of The Italian Sea GroupFollowing the resignation of Simona Del Re as Chairwoman of the Board of Directors at <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> the company has announced the re-appointment of Filippo Menchelli as the new Chairman.After receiving a favourable opinion from the Appointments and Remuneration Committee, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> resolved to co-opt Filippo Menchelli onto the Board of Directors. In accordance with Article 2386 of the Italian Civil Code, he will be appointed as Chairman of the Board of Directors of the Company during the next Shareholders Meeting.Read: <a data-gid="gid://syiq/Article/61992" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Filippo Menchelli appointed as new Chairman of The Italian Sea Group (2024-11-13 16:15:00 +0100)">Filippo Menchelli appointed as new Chairman of The Italian Sea Group</a><img src="https://photo-assets.superyachttimes.com/photo/297415/image/large-b1791589f6806d87887224b91de9c63c.jpg" data-gid="gid://syiq/Photo/297415">Business outlook for 2024-2025Following the success achieved last September at the <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show 2024</a>, with the 65.9-metre <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> superyacht <a data-gid="gid://syiq/Yacht/9447" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JAS65.9m (216'2&quot;)Admiral2025">JAS</a> and the 78.29-metre <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> superyacht <a data-gid="gid://syiq/Yacht/8722" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Platinum78.29m (256'10&quot;)Admiral2024">Platinum</a>, the company is working on several negotiations for large yachts, which it believes will be finalised between late 2024 and early 2025.“The success of the semi-custom lines also continues, including the Panorama project and the <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> Quaranta project; of the latter, at the end of October the keel-laying ceremony of the first motoryacht under construction was held, the sale of which was completed in the first half of 2024 and which marked an important development for <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>'s fleet,” added Giovanni Costantino.

TISG reports 11.4% revenue growth in Q3 2024

TISG has approved the financial results for the first nine months of 2024, revealing another positive quarter for the company.

New Appointments

Filippo Menchelli re-appointed as Chairman of The Italian Sea Group