<a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> has announced the appointment of Anders Kurtén as the new CEO. Anders joins the worldwide <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> team with over 25 years of management, sales, marketing, and product development experience across both the marine and luxury sectors.<img src="https://photo-assets.superyachttimes.com/photo/283808/image/large-fe7db8662b860182e29b86e4c4d2716a.jpg" data-gid="gid://syiq/Photo/283808">Anders Kurtén was previously the CEO of <a data-gid="gid://syiq/Company/327" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baltic Yachts (Company)">Baltic Yachts</a>, where he helped to execute the company’s recent strategic turnaround. “I am truly excited, proud and privileged to join <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>,” explained Anders Kurtén.“We have conducted one of the most extensive worldwide searches ever in our objective of seeking out the right profile for the role of CEO at <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>,” commented Chuck Cashman, on behalf of the Board of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a>.“Anders comes with an in-depth and pragmatic understanding of the yachting and luxury sectors, a knowledge and passion for the Internet of Things (IoT) and its application for greater client service and support, and a track record for delivering sustained growth through hands-on team inspiration and drive.”<img src="https://photo-assets.superyachttimes.com/photo/75707/image/large-003bd8387e7e861283d23dc435a8ed80.jpg" data-gid="gid://syiq/Photo/75707">Born in Finland, Anders Kurtén has shared his insights on many aspects of yachting including the future of the marine industry.“This is a great opportunity to join a company that I have always admired and considered the benchmark of excellence. I look forward to working with and leading this proven, consistent, and motivated team of dedicated professionals to achieve even greater success - together,” concluded Anders Kurtén.

Fraser Yachts announces Anders Kurtén as CEO

Anders Kurtén, CEO of Fraser Yachts

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Yachts in Monaco

Fraser Yachts has announced the appointment of Anders Kurtén as the new CEO.

Fraser Yachts announces the appointment of Anders Kurtén as CEO

Measuring in at 59.4-metres and exhibiting an unmistakable red hull, the 59.4-metre <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> superyacht <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> has been making global headlines as she travels across the world. Built for an experienced owner with passion for travel, exploration and art, the custom-built yacht is the first collaboration between <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> and <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a> and offers a deeply personal interior design. <img src="https://photo-assets.superyachttimes.com/photo/395227/image/large-0dc2cb5185f15c684a05687e04968cad.jpg" data-gid="gid://syiq/Photo/395227">SuperYacht Times takes a closer look onboard <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> with Founder Francesca Muzio, and Managing Partner Luca Boldrini of <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a> to discover how a design brief centred on connection and authenticity came to life. <img src="https://photo-assets.superyachttimes.com/photo/366872/image/large-c4955657a397331f622230da80ea681f.jpg" data-gid="gid://syiq/Photo/366872">“<a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> has this very robust, powerful exterior, but the moment you enter, it softens,” explained Francesca Muzio. “There’s a beautiful contrast, the strength of an explorer with the soul of a home.” <img src="https://photo-assets.superyachttimes.com/photo/395266/image/large-ec1d4f61cc32242947e899829f6b6d54.jpg" data-gid="gid://syiq/Photo/395266"><img src="https://photo-assets.superyachttimes.com/photo/395265/image/large-520e34c6e6cee5986737691cb546d418.jpg" data-gid="gid://syiq/Photo/395265">The owner of <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> has a passion for diving and sustainability, two features which are evident from the moment you step onboard. The main saloon is framed by structural columns clad in recycled nautical sailcloth, while her dining area features a sculptural table with a gear-shaped metal base and a wood top inlaid with pressed tobacco leaves. Surrounding chairs in curved wood are detailed with bronzed accents and ivory hammered leather, creating a design that defines the yacht’s onboard character. <img src="https://photo-assets.superyachttimes.com/photo/395274/image/large-07e95344530c0eee52e87e2688e66a4b.jpg" data-gid="gid://syiq/Photo/395274"><img src="https://photo-assets.superyachttimes.com/photo/395268/image/large-f299ae95b83285b23c4618adf9b45a9e.jpg" data-gid="gid://syiq/Photo/395268">At the centre of the space, two custom boomerang-shaped sofas in white chenille and dove-grey leather divide the lounge from the dining area. Functional elements are built into the space, with leather pockets and hidden storage beneath the cushions and a silk and wool rug below to mimic the branching forms of a river delta.<img src="https://photo-assets.superyachttimes.com/photo/395269/image/large-33097a9ca9e6c34c4cc32279d71d40ee.jpg" data-gid="gid://syiq/Photo/395269"><img src="https://photo-assets.superyachttimes.com/photo/395241/image/large-4284b0e1b10280faac39b4b151cfb27c.jpg" data-gid="gid://syiq/Photo/395241">“It was important to us that every material told a story,” added Luca Boldrini. “Nothing is purely decorative. Each texture, each finish, carries a connection to nature, travel or craftsmanship, ideas that are fundamental to <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a>’s spirit.” <img src="https://photo-assets.superyachttimes.com/photo/365043/image/large-31c7c7e917927e2c82afaf1e3d590134.jpg" data-gid="gid://syiq/Photo/365043">The owner’s suite of <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> includes a private office. Dubbed the “madame office”, it’s a celebration of colour and individuality. Aviation blue features prominently across her &nbsp;leather desk accessories, the raffia wallpaper-lined bookcases and the detailing on the bespoke desk chair. The desk itself has been built from natural oak with hammered bronze detailing and hand-decorated bases. <img src="https://photo-assets.superyachttimes.com/photo/395253/image/large-bb140479538c8a4506bae73017d24d93.jpg" data-gid="gid://syiq/Photo/395253"><img src="https://photo-assets.superyachttimes.com/photo/395254/image/large-5e793d7ef69f3518e71bbf21af8bf775.jpg" data-gid="gid://syiq/Photo/395254">The space is framed by decorative panels embroidered with three-dimensional orchids, while the carpet below mimics the foam of waves crashing against the shore. “This room isn’t just about work,” said Muzio. “It’s a sanctuary that is elegant, feminine and energising.”<img src="https://photo-assets.superyachttimes.com/photo/395245/image/large-284ab752d07f0ad0aedb80dc91cdfcca.jpg" data-gid="gid://syiq/Photo/395245"><img src="https://photo-assets.superyachttimes.com/photo/395243/image/large-f86c36352a28f0139a957f94c6f0d1c3.jpg" data-gid="gid://syiq/Photo/395243"><img src="https://photo-assets.superyachttimes.com/photo/395247/image/large-b01f9c97658c14ef17097059b8255de7.jpg" data-gid="gid://syiq/Photo/395247">Further guest areas onboard <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> reflect the same attention to comfort and flexibility. One twin guest stateroom features a smart sliding bed system, allowing it to convert into a double room when required. Both beds are fully integrated into the interior architecture, with upholstered headboards and matching bedside tables.<img src="https://photo-assets.superyachttimes.com/photo/395286/image/large-dd88e00906e3d7dc5f5879418c1db72c.jpg" data-gid="gid://syiq/Photo/395286"><img src="https://photo-assets.superyachttimes.com/photo/395281/image/large-72fc08138f6fded2245fdd6e8d821c7b.jpg" data-gid="gid://syiq/Photo/395281"> <img src="https://photo-assets.superyachttimes.com/photo/395270/image/large-8bd1fa3fbdf82252566d09841b782a68.jpg" data-gid="gid://syiq/Photo/395270">Materials again take centre stage, with wallpapered ceilings, leather accents and roman blinds made from raffia interwoven with metallic threads, which catch the sunlight during the day. The custom-designed carpet, made from wool and botanical silk, continues the theme of nature-inspired texture.<img src="https://photo-assets.superyachttimes.com/photo/395255/image/large-c01523280fe4b28a5db6c425c8580ede.jpg" data-gid="gid://syiq/Photo/395255"><img src="https://photo-assets.superyachttimes.com/photo/395256/image/large-fbdd6477754a5f740cacecd1a01dc54b.jpg" data-gid="gid://syiq/Photo/395256"><img src="https://photo-assets.superyachttimes.com/photo/395273/image/large-8f0a1e7f851f1eee23463a9f44c9f0fd.jpg" data-gid="gid://syiq/Photo/395273">Even the guest bathrooms have their own storyline. Here, Francesca Muzio has embraced the romance of travel with a design inspired by vintage steamer trunks, complete with &nbsp;bronze hardware, leather handles and cabinetry in warm oak and dark European maple. The washbasins are finished in Imperial Beige marble, further enhancing the refined yet &nbsp;tactile atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/395298/image/large-c4367103fda7023f8b0c6d1f6e5f9451.jpg" data-gid="gid://syiq/Photo/395298"><img src="https://photo-assets.superyachttimes.com/photo/395264/image/large-766f12a14112b6d835f5c5a8cef4c5e5.jpg" data-gid="gid://syiq/Photo/395264"><img src="https://photo-assets.superyachttimes.com/photo/395280/image/large-a5c5a8bf1fa763df6378a380e7f2b4f3.jpg" data-gid="gid://syiq/Photo/395280">Beneath her refined interiors, <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> remains a highly capable expedition yacht. With hybrid propulsion, a large Limo Tender and dive/exploration tender housed in an aft garage and with a transoceanic range of over 8,000 nautical miles, she’s fully equipped for long-range adventure. On deck, guests can enjoy a full teppanyaki bar and a spa pool on the sundeck, &nbsp;while a generous beach club connects them directly to the water. <img src="https://photo-assets.superyachttimes.com/photo/395276/image/large-32d1ccd66402dc067c5800e52a820bad.jpg" data-gid="gid://syiq/Photo/395276"><img src="https://photo-assets.superyachttimes.com/photo/395235/image/large-e7cd60bd765d93c89ab3737d38e3e61c.jpg" data-gid="gid://syiq/Photo/395235">“<a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> is not defined by ruggedness alone. She’s a yacht of contrasts,” concluded Muzio. “Strong but soft. Minimalist in some areas, but rich in storytelling. That’s what makes her unique.”<img src="https://photo-assets.superyachttimes.com/photo/395226/image/large-9fbabb99671bacdbc610d85ca73838ca.jpg" data-gid="gid://syiq/Photo/395226">According to AIS, <a data-gid="gid://syiq/Yacht/10946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Akula59.4m (194'11&quot;)Rossinavi2024">Akula</a> is currently at the Flamenco Marina in Panama. She is currently for sale with David Legrand of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/395299/image/large-5e347a3965df2fbe4b112e4051d17400.jpg" data-gid="gid://syiq/Photo/395299">

Akula: Onboard the 59m Rossinavi yacht Akula

We take a look onboard the 59m Rossinavi yacht Akula with her interior designers FM Architettura.

Onboard the 59m Rossinavi yacht Akula with her designers FM Architettura 

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

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has appointed a new Board of Directors during its Ordinary Shareholders’ Meeting held on 14 May 2026, and confirmed the departure of longtime CEO Alberto Galassi after 12 years leading the company.<img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-769ff4738384374b511d59651630542a.jpg" data-gid="gid://syiq/Photo/220951">The new board of directors was announced following today’s earlier announcement that Piero Ferrari and Stefano Domenicali had resigned yesterday evening, with immediate effect.Read:&nbsp;<a data-gid="gid://syiq/Article/66083" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti directors Piero Ferrari and Stefano Domenicali resign amid board tensions (2026-05-14 11:30:00 +0200)">Ferretti directors Piero Ferrari and Stefano Domenicali resign amid board tensions</a><img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Shareholders appointed Tan Ning as Chairman of the Board of Directors, while the board is expected to formally appoint Stassi Anastassov as Chief Executive Officer during a follow-up board meeting scheduled for 15 May 2026.“It is a great honor for me to be elected Chairman of the Board and wish to express my sincere gratitude to the Shareholders for their trust and continued support,” explained Tan Ning, the Chairman of the Board of Directors.“I would also like to extend my heartfelt thanks to the outgoing Board of Directors and Board of Statutory Auditors, as well as to the outgoing CEO, Mr Alberto Galassi, for work carried out during his mandate in the past twelve years.”The Shareholders’ Meeting appointed nine members to the Board of Directors, which will remain in office until the approval of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s 2028 financial statements. The board includes newly appointed Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer joins the board representing minority shareholder Azùr a.s.<img src="https://photo-assets.superyachttimes.com/photo/345521/image/large-30a3e8a5f540ae8ddee0f58d7a955771.jpg" data-gid="gid://syiq/Photo/345521">The Board of Directors is expected to approve the following proposed structure during its meeting on 15 May, which includes, &nbsp;Tan Ning as Executive Director and Chairman, Stassi Anastassov as Chief Executive Officer, and Patrick Sun, Zhu Yi, Federica Marchionni and Donatella Sciuto as non-executive independent directors.The company also proposed the formation of several governance committees, including Audit, ESG, Strategic, Nomination and Remuneration committees.Alongside the leadership changes, shareholders approved <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s 2025 financial statements, with the group reporting net new yacht revenues of €1.23 billion, up five percent year-on-year. Adjusted EBITDA increased 6.7 percent to €202.8 million, while the company reported a net cash position of €111 million.Shareholders also approved the distribution of a dividend of €0.11 per share, representing a maximum payout of approximately €37.2 million. The dividend will be paid on 17 June 2026.“The new Board of Directors represents continuity, stability and growth,” concluded Ning. “It leverages a long-term industrial vision aimed at enhancing the Group and its brands, as well as maintaining the manufacturing presence in Italy and the global commercial network, in line with the path undertaken since 2012.”

Ferretti appoints new Board of Directors

Ferretti Group has appointed a new Board of Directors and confirmed the departure of longtime CEO Alberto Galassi.

Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has announced the resignation of two members of its Board of Directors, Piero Ferrari and Stefano Domenicali yesterday evening, with immediate effect.<img src="https://photo-assets.superyachttimes.com/photo/345521/image/large-30a3e8a5f540ae8ddee0f58d7a955771.jpg" data-gid="gid://syiq/Photo/345521"><a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirmed that both members had resigned from the Board of Directors, with Ferrari also stepping down from his role as Honorary Chairman and as a member of the Sustainability Committee, Remuneration Committee and the Strategy Committee; while Domenicali would be stepping down as non-executive independent director and as a member of the Nomination Committee, the Control and Risk Committee and as Chairman of the Remuneration Committee.In his resignation, Ferrari explained that his choice was dictated by his “frustration and disappointment for what [I] witnessed in past weeks.” This was derived from “various entities close to a faction [that] seem to have adopted a strategy aimed at impeding such substantive discussion and vote,” and by “some sort of arrogance throughout the tender offer process in impeding a neutral judgement on the same.”Meanwhile, Domenicali stated that the governance of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> “must reflect the highest standard of integrity and transparency” pointing out that “what I witnessed in the past weeks conflicts with the above principles and sounds in evident contrast with my perception of what <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> should be”.In January 2026, KKCG Maritime, the maritime investment arm of the Czech-based KKCG Group, 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.However, just several days later, 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, confirmed it did not intend to support the offer and could instead increase its own shareholding.Read: <a data-gid="gid://syiq/Article/65228" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Weichai rejects KKCG tender offer for Ferretti Group shares (2026-01-23 12:59:00 +0100)">Weichai rejects KKCG tender offer for Ferretti Group shares</a><img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929"><a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirmed its rejection of the KKCG offer in March 2026 stating that an independent financial adviser had deemed the proposal “not attractive.” To counteract this, KKCG increased its voluntary offer raising the total potential investment to €203.3 million, up from its earlier proposal of €182.5 million.In anticipation of the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> Annual General Meeting, which is scheduled to take place today (14 May 2026), KKCG Maritime also announced its formal list of candidates for the Board of Directors of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.KKCG proposed that Alberto Galassi remain in his role as CEO to maintain continuity, with founder and Chairman of KKCG, Karel Komárek acting as Chairman of the Board. Non-executive directors included KKCG CFO Katarína Kohlmayer, Ferrari Vice-Chairman Piero Ferrari, Zain Group Vice Chairman and Group CEO Bader Al-Kharafi and Executive Director of KKCG Maritime and a Senior Investment Manager at KKCG, Kamil Zeman.KKCG also proposed four independent non-executive directors, which include President &amp; CEO of Formula 1, Stefano Domenicali, senior financial executive and board member Zuzana Prokopcová, experienced corporate and M&amp;A lawyer Jane Townsend and senior Italian-British executive Francesca Filippini Pinto.Read: <a data-gid="gid://syiq/Article/65894" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG submits candidate list for Ferretti Board of Directors following stake increase (2026-04-20 13:45:00 +0200)">KKCG submits candidate list for Ferretti Board of Directors following stake increase</a><img src="https://photo-assets.superyachttimes.com/photo/386471/image/large-5864e3d980f30348ec76855095f57666.jpg" data-gid="gid://syiq/Photo/386471">In a statement published today, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> thanked Piero Ferrari and Stefano Domenicali for their important contribution over the years. They also stated that both resigning directors do not hold <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> S.p.A. shares and are not entitled to indemnities or other benefits resulting from the termination of their office.<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> is currently controlled by Weichai Group, which holds approximately 38 percent of the company.

Ferretti directors Piero Ferrari and Stefano Domenicali resign

Ferretti Group has announced the resignation of two members of its Board of Directors, Piero Ferrari and Stefano Domenicali. 

Ferretti directors Piero Ferrari and Stefano Domenicali resign amid board tensions

<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/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

Spanish tennis player Rafael Nadal’s investment holding company Aspemir has acquired a minority stake in <a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">Ocean Platform Marinas</a> (<a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">OPM</a>).<img src="https://photo-assets.superyachttimes.com/photo/388632/image/large-98c2c31382e3dfc0e426b6adc9541f6f.jpg" data-gid="gid://syiq/Photo/388632">Led by Ocean Capital Partners, <a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">OPM</a> specialises in the management and development of large-yacht marinas across Spain. Their shareholder base now includes Aspemir, alongside majority shareholder OCP, Grupo Empresas Matutes and investor Domingo de Torres.<a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">OPM</a> currently manages large yacht marinas in Ibiza, Málaga and Seville and has several new development projects planned in different parts of the country. According to OPM, the incorporation of Aspemir strengthens the Spanish and Mediterranean identity of the project, as well as reinforcing its ties with Mallorca and the Balearic yachting community.“The incorporation of Aspemir into <a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">Ocean Platform Marinas</a> represents key support for our project, through which we aim to promote large-yacht yachting with sustainable, state-of-the-art infrastructure that also fosters integration between port and city,” explained José Luis Almazán, Managing Partner of Ocean Capital Partners.<img src="https://photo-assets.superyachttimes.com/photo/168865/image/large-9a2b440ac9688c861f714ca68b203332.jpg" data-gid="gid://syiq/Photo/168865"><a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">OPM</a>’s development strategy focuses on creating modern marinas that combine advanced sustainability standards with environmental protection, including measures to safeguard the marine ecosystem and Posidonia oceanica.Tennis player Rafael Nadal is the owner of the 23.95-metre 80 Sunreef Power catamaran yacht <a data-gid="gid://syiq/Yacht/10143" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Great White23.95m (78'7&quot;)Sunreef Yachts2020">Great White</a>, as well as being an ambassador for <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef Yachts</a>. Launched in 2020, <a data-gid="gid://syiq/Yacht/10143" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Great White23.95m (78'7&quot;)Sunreef Yachts2020">Great White</a> can accommodate up to 10 guests, as well as a crew of four.

Rafael Nadal acquires stake in OPM 

Rafael Nadal’s investment holding company Aspemir has acquired a minority stake in Ocean Platform Marinas (OPM).

Rafael Nadal and Aspemir acquire stake in Ocean Platform Marinas 

<a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> has announced the appointment of Rolf Smith as a Sales Consultant at their Fort Lauderdale office. <img src="https://photo-assets.superyachttimes.com/photo/388237/image/large-8d9ca4f864bae6c33c2194ce7f98ea42.jpg" data-gid="gid://syiq/Photo/388237">Rolf Smith joins <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> with over 28 years of experience in luxury private aviation and 12 years in yacht sales. Based in Fort Lauderdale with strong ties to California, Rolf has worked extensively with clients from around the world, including Dubai, London, Saudi Arabia, Taiwan, China, America and Europe.&nbsp;Born and raised in Canada, Rolf transitioned from aviation to superyachts after sourcing a Feadship delivery position for a client in Geneva. Since then, his brokerage portfolio has grown organically through referrals and repeat clients.In his spare time, Rolf enjoys attending major aviation events and spending time on the water and loves sailing, boating, traveling and activities like scuba diving.&nbsp;“<a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> manages the world’s largest charter fleets, has an outstanding track record, and global offices, allowing me to meet my clients wherever they are,” explained Rolf Smith when asked what makes him most excited about being part of the IYC team.&nbsp;“The <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> infrastructure is invaluable, whether a client needs brokerage, charter management, new-build oversight, or operational support. Having all those services under one roof is exciting to me and allows me to deliver the best experience to clients.”

Rolf Smith joins IYC as a Sales Consultant

IYC has announced the appointment of Rolf Smith as a Sales Consultant at their Fort Lauderdale office. 

IYC appoints Rolf Smith as a Sales Consultant

Designer <a data-gid="gid://syiq/Company/171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Frers (Company)">Germán Frers</a> and his son Mani Frers of <a data-gid="gid://syiq/Company/6718" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Frers Design (Company)">Frers Design</a> have announced a design office partnership focused on production yachts.<img src="https://photo-assets.superyachttimes.com/photo/387898/image/large-95731dc90e162fc686f4a0f7aad2757f.jpg" data-gid="gid://syiq/Photo/387898">Despite leading separate practices, both Germán and Mani have regularly collaborated on projects and discussed ideas. This partnership aims to bring together both their knowledge and experience to create a solid framework for the continued development of production ranges.Both Germán and Mani will continue to lead their independent projects, which include custom sailing yachts, superyachts and advanced engineering projects, such as the 85-metre <a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman (Company)">Royal Huisman</a> <a data-gid="gid://syiq/Yacht/12001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman 85m Sloop84.9m (278'7&quot;)Royal Huisman2026">New World Sloop</a>, which <a data-gid="gid://syiq/Company/6718" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Frers Design (Company)">Frers Design</a> are involved in.Read: <a data-gid="gid://syiq/Article/61787" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Frers family on their yacht design legacy (2024-10-22 09:15:00 +0200)">The Frers family on their yacht design legacy</a><img src="https://photo-assets.superyachttimes.com/photo/381750/image/large-d2691ce2d37a0b4e0fc80b25cf8bc557.jpg" data-gid="gid://syiq/Photo/381750">“This collaboration is focused on production yacht design,” explained Mani. “It allows us to work together in an area where long-term planning and development are essential, while each of us continues our independent work with the same focus and commitment as always.”<a data-gid="gid://syiq/Company/171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Frers (Company)">Germán Frers</a> has been responsible for the exterior design and naval architecture for some of the world’s largest yachts including the 142-metre superyacht <a data-gid="gid://syiq/Yacht/9442" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dragonfly142.0m (465'11&quot;)Lürssen Yachts2024">Dragonfly</a> and the 85.2-metre <a data-gid="gid://syiq/Yacht/2474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pacific X85.2m (279'6&quot;)Lürssen Yachts2010">Pacific X</a>, both built by <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>, and the 59-metre <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters</a> sailing yacht <a data-gid="gid://syiq/Yacht/10970" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maximus59.0m (193'7&quot;)Vitters Shipyard2023">Maximus</a>.&nbsp;“I am fortunate to be able to be selective about the projects I take on, focusing on those where I can bring together the best of everything I have learned so far,” added Germán. “Working more closely with Mani deepens a dialogue that is already stimulating and demanding, and opens new possibilities where experience and perspective build on each other.”

German and Mani Frers join forces for the design of production yachts

Designer Germán Frers and his son Mani Frers of Frers Design have announced a design office partnership focused on production yachts.

The fourth 53.25-metre <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> YS53 yacht support <a data-gid="gid://syiq/Yacht/13202" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rafter53.25m (174'8&quot;)Damen Yachting2026">Rafter</a> has been delivered to her owner, following her launch in March 2026 from the <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> facility in Antalya, Turkey. <img src="https://photo-assets.superyachttimes.com/photo/397013/image/large-c33b6dbec1e5da99757b484375d47d5b.jpg" data-gid="gid://syiq/Photo/397013">Designed to operate either alongside a mothership or independently, <a data-gid="gid://syiq/Yacht/13202" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rafter53.25m (174'8&quot;)Damen Yachting2026">Rafter</a> has been crafted in-house by her builder <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>, which were responsible for her interior, exterior and naval architecture.&nbsp;Created around family experiences, shared moments on the water and operational purpose <a data-gid="gid://syiq/Yacht/13202" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rafter53.25m (174'8&quot;)Damen Yachting2026">Rafter</a> will now serve as a purposeful extension of her owner's fleet, where she has been developed to provide additional space, support and flexibility.<img src="https://photo-assets.superyachttimes.com/photo/397012/image/large-e7a8adfa9276e3affbe8d0454cf3c3d4.jpg" data-gid="gid://syiq/Photo/397012">"From the outset, &nbsp;there was a clear vision for how the owner wanted to use YS53 <a data-gid="gid://syiq/Yacht/13202" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rafter53.25m (174'8&quot;)Damen Yachting2026">Rafter</a> and the role she would play within the fleet," explained Rob Dolling, Owner’s Representative. "Together with Damen Yachting, we were able to translate those wishes into a vessel that is highly functional, personal and closely aligned with the owner’s programme."<a data-gid="gid://syiq/Yacht/13202" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rafter53.25m (174'8&quot;)Damen Yachting2026">Rafter</a> can comfortably accommodate up to eight guests, as well as 10 crew plus her captain. Her interior reflects the owner’s personal style, combining timeless elegance with Old English influences throughout. <img src="https://photo-assets.superyachttimes.com/photo/397011/image/large-c5c4c4fd9fd1617d2fa194c1f00b061d.jpg" data-gid="gid://syiq/Photo/397011"><a data-gid="gid://syiq/Yacht/13202" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rafter53.25m (174'8&quot;)Damen Yachting2026">Rafter</a> boasts the brand’s signature axe bow, while her reinforced deck supports touch-and-go helicopter operations. With a generous open main deck of more than 200 square-metres, this versatile space can be used for large tenders, toys and specialised equipment.This is complemented by a 15-tonne crane, enabling the handling of substantial tenders and heavy loads. With a volume just shy of 500 GT, she can accommodate up to eight guests, along with a crew of eight.<img src="https://photo-assets.superyachttimes.com/photo/397010/image/large-d904abeb9d80368dab56f223768c6958.jpg" data-gid="gid://syiq/Photo/397010">"As the fourth Yacht Support 53 delivered by <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>, she reflects the versatility of the Yacht Support range within modern superyacht ownership and has been created with a very clear purpose," concluded Jan van Hogerwou, Commercial Executive USA.Crafted with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/13202" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rafter53.25m (174'8&quot;)Damen Yachting2026">Rafter</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, which provide her with a cruising speed of 12 knots and a top speed of 19 knots. Once her sea trials are complete, <a data-gid="gid://syiq/Yacht/13202" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rafter53.25m (174'8&quot;)Damen Yachting2026">Rafter</a> will prepare for delivery to her owner. &nbsp;

Rafter: Fourth Damen Yachting YS53 yacht on sea trials

The fourth 53.25-metre Damen Yachting YS53 yacht support Rafter has been delivered following her launch in Antalya, Turkey in March 2026.

Fourth Damen Yachting YS53 yacht support Rafter delivered

<a data-gid="gid://syiq/Company/895" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusben Shipyard (Company)">Lusben</a> has completed the refit of the 37-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> Classic 120 yacht <a data-gid="gid://syiq/Yacht/1886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kos37.5m (123'0&quot;)Benetti SpA2009">Kos</a>, following a comprehensive programme of works spanning structural modifications, onboard systems, technical upgrades, exterior areas and interiors. <img src="https://photo-assets.superyachttimes.com/photo/396976/image/large-40153e77114e1432e88b74a33b05ac53.jpg" data-gid="gid://syiq/Photo/396976">Built in 2009 by <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>, <a data-gid="gid://syiq/Yacht/1886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kos37.5m (123'0&quot;)Benetti SpA2009">Kos</a> forms part of its Classic 37 series, featuring exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, interiors by <a data-gid="gid://syiq/Company/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuretti Interior Design (Company)">Zuretti Interior Design</a> and naval architecture developed in-house by her builder.The refit of <a data-gid="gid://syiq/Yacht/1886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kos37.5m (123'0&quot;)Benetti SpA2009">Kos</a> commenced in August 2025 shortly after the yacht was acquired by her new owner and was completed in approximately six months through the coordinated efforts of <a data-gid="gid://syiq/Company/895" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusben Shipyard (Company)">Lusben</a>'s project management team, specialised technicians, skilled craftsmen and interior designer Laura Rossi. According to <a data-gid="gid://syiq/Company/895" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusben Shipyard (Company)">Lusben</a>, the programme was undertaken with the aim of improving operational efficiency, enhancing the onboard experience and extending the yacht's service life.<img src="https://photo-assets.superyachttimes.com/photo/397008/image/large-c77ef9362600c70fc7acbd85faee16f2.jpg" data-gid="gid://syiq/Photo/397008">From the outset, the owner and project team sought to preserve the yacht's original layout and distinctive character while improving her functionality, comfort and the perception of space. On the main deck, the refit scope included the installation of new full-height windows in her main saloon alongside the reconfiguration of the staircase area between the main and upper decks.<img src="https://photo-assets.superyachttimes.com/photo/397007/image/large-91d720dd0c041da15a467ac85b61b3da.jpg" data-gid="gid://syiq/Photo/397007">Laura Rossi oversaw the interior redesign, introducing what <a data-gid="gid://syiq/Company/895" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusben Shipyard (Company)">Lusben</a> described as "greater fluidity, brightness and visual continuity." A new transparent balustrade around the staircase would allow natural light to flow between decks, while satin-finish glass panels replaced selected opaque surfaces in the corridors. New fabrics and materials were also integrated throughout the guest accommodations to enhance comfort, durability and ease of maintenance.<img src="https://photo-assets.superyachttimes.com/photo/397009/image/large-f3728f4818fd2bd0f7063bd374fc9a4e.png" data-gid="gid://syiq/Photo/397009">"<a data-gid="gid://syiq/Yacht/1886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kos37.5m (123'0&quot;)Benetti SpA2009">Kos</a> does not deny what she has been, nor does she try to become something else," commented Rossi. "The project was conceived to lighten, simplify and enhance the yacht's original identity, creating spaces that are brighter, more fluid and more natural to experience every day."<img src="https://photo-assets.superyachttimes.com/photo/397006/image/large-04998d04550196299f04c73e269ea5f1.jpg" data-gid="gid://syiq/Photo/397006">In addition to the living areas, <a data-gid="gid://syiq/Company/895" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusben Shipyard (Company)">Lusben</a> carried out a myriad of technical upgrades involving the main engines, generators and essential onboard systems. The entire lighting system was replaced with energy-efficient LEDs, while the bridge and onboard electronics were updated to make them easier to use and improve navigation safety. Exterior works included restoring the teak decks, reconfiguring the sundeck after removing the existing Jacuzzi and completely repainting the hull and superstructure.&nbsp;

Lusben completes refit of 37m Benetti yacht Kos

Lusben has completed an extensive refit of the 37m Benetti Classic yacht Kos.

37m Benetti yacht Kos completes extensive refit at Lusben

The 25.75-metre <a data-gid="gid://syiq/Company/130" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonen Yachts (Company)">Moonen</a> motor yacht <a data-gid="gid://syiq/Yacht/7631" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moon River 25.75m (84'6&quot;)Moonen Yachts2003">Moon River</a> sold in a deal with David Legrand of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> introducing the buyer and Derk Jan Rolff of <a data-gid="gid://syiq/Company/5652" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Holland Yacht Connection (Company)">Holland Yacht Connection</a> representing the buyer. <img src="https://photo-assets.superyachttimes.com/photo/346966/image/large-acba5ebb2d4596b138324b59ae61deb9.png" data-gid="gid://syiq/Photo/346966">Delivered in 2003 as part of the Moonen 84 series, <a data-gid="gid://syiq/Yacht/7631" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moon River 25.75m (84'6&quot;)Moonen Yachts2003">Moon River</a> features exterior design by <a data-gid="gid://syiq/Company/240" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marimecs BV (Company)">Marimecs</a>, interior design penned in-house by <a data-gid="gid://syiq/Company/130" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonen Yachts (Company)">Moonen Yachts</a> and naval architecture by <a data-gid="gid://syiq/Company/241" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="René van der Velden Yacht Design (Company)">René van der Velden Yacht Design</a>.Spanning 115 GT, <a data-gid="gid://syiq/Yacht/7631" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moon River 25.75m (84'6&quot;)Moonen Yachts2003">Moon River</a> can comfortably accommodate up to eight guests across a four stateroom configuration on the lower deck, with her full-beam master suite situated amidships, alongside a VIP at her bow and two twin staterooms.&nbsp;In terms of performance, <a data-gid="gid://syiq/Yacht/7631" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moon River 25.75m (84'6&quot;)Moonen Yachts2003">Moon River</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, which provide her with a top speed of 12 knots and a cruising speed of 11 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/7631" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moon River 25.75m (84'6&quot;)Moonen Yachts2003">Moon River</a> had a last known asking price of €2,200,000.&nbsp;(Image courtesy of Holland Yacht Connection.)

Moon River: 26m Moonen yacht sold

The 25.75-metre Moonen motor yacht Moon River sold with a last known asking price of €2,200,000.

26m Moonen motor yacht Moon River sold

As contemporary superyacht design continues to prioritise light, openness and seamless connections to the sea, glass has evolved from a purely functional element into a defining aesthetic feature and, with the use of significantly larger glass panels, has become an essential structural component. Expansive glazing now shapes not only the visual identity of a yacht but also its engineering framework, requiring a far more integrated and technically rigorous approach.For German specialist <a data-gid="gid://syiq/Company/3829" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TILSE Glass (Company)">TILSE</a>, this shift represents both an opportunity and a responsibility – to ensure that increasingly ambitious designs are matched by uncompromising structural integrity, durability and precision.<img src="https://photo-assets.superyachttimes.com/photo/293944/image/large-ecdb75ea245212d313561b3fadf7f87c.jpg" data-gid="gid://syiq/Photo/293944">Integrating glass from the concept stageLarger glass surfaces have fundamentally changed how glazing is approached in yacht construction. No longer a late-stage addition, glass must be embedded into the superstructure concept from the earliest design phases, with engineers analysing how forces move through the pane, adhesive bond and surrounding structure.Unlike static architectural environments, yachts operate under continuous dynamic loads, with hull flex, vibration and thermal variation all influencing performance. Safety margins must therefore reflect real marine conditions, while thickness, laminate composition, bonding strategy, edge detailing and installation methodology all need to be considered from the outset.Early collaboration is essential. By working with designers and naval architects at the concept stage, <a data-gid="gid://syiq/Company/3829" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TILSE Glass (Company)">TILSE</a> helps ensure that visual ambitions are achievable without compromising technical feasibility, long-term serviceability or structural integrity. This proactive approach allows glazing to do more than fit within a design – it helps shape the structural logic of the vessel, balancing elegance with engineering robustness.<img src="https://photo-assets.superyachttimes.com/photo/286853/image/large-74c88213b1c3eba82cf06fc659c13e71.jpg" data-gid="gid://syiq/Photo/286853">Bonding as a safety-critical interfaceOne of the most significant technical challenges is bonding glass – which is inherently brittle – to aluminium or steel structures that move, flex and expand differently under load and temperature change. The adhesive joint must do more than hold the panel in place: it must accommodate movement, transfer loads safely and maintain integrity under UV exposure, salt, humidity and vibration.“The real challenge is not only the glass pane itself, but the interface between glass and a structure that is constantly moving at sea.”As panel sizes increase, this interface becomes even more critical, since minor mismatches in movement, geometry or application can have amplified consequences. Bond thickness, surface preparation, laminate compatibility and UV protection must therefore be precisely controlled. In superyacht glazing, adhesive design is not a detail – it is part of the safety concept, and a well-engineered bond line underpins both structural integrity and long-term durability.Simulation and real-world performanceFinite Element analysis helps validate glass performance, particularly in complex or non-standard applications, by modelling the interaction between glass, adhesive and supporting structure under realistic marine loads. This allows engineers to identify stress points, optimise designs and support conditions, and mitigate deflection risks early in the project lifecycle.Unlike building façades, yacht structures are subject to continuous movement, making accurate modelling essential. Long-term factors such as moisture ingress, ageing and laminate degradation must also be assessed, as they can directly affect load-bearing capacity.As glass panels grow in size, tolerances become increasingly critical. Millimetre-level deviations in shaping or installation can influence load distribution and compromise both structural performance and visual alignment. Handling and installation of large panes have therefore become technical operations in their own right, requiring precise three-dimensional measurement and meticulous execution.<img src="https://photo-assets.superyachttimes.com/photo/333152/image/large-73662ca86854e3909e622abf8863c6a4.jpg" data-gid="gid://syiq/Photo/333152">Ensuring long-term laminate integrityLong-term durability begins with material selection. Because traditional PVB interlayers, which are widely used, can be vulnerable to humidity and temperature fluctuations, <a data-gid="gid://syiq/Company/3829" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TILSE Glass (Company)">TILSE</a> uses a specially developed resin interlayer designed for enhanced moisture resistance at sea, thereby preventing delamination.Chemical toughening further improves optical clarity, reduces distortion and avoids the anisotropy often associated with thermally toughened glass. Strict quality control from raw material selection to lamination, sealing and final inspection ensures each pane meets superyacht standards.Consistency in bespoke productionFor bespoke glazing, consistency depends on rigorous process control across the entire project chain, from early consultation and three-dimensional measurement through to production and installation. <a data-gid="gid://syiq/Company/3829" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TILSE Glass (Company)">TILSE</a>’s integrated approach reduces variability and ensures consistency across the entire project chain, even when each pane is uniquely specified.Combined with stringent inspection protocols and a commitment to rejecting substandard components, this enables the delivery of reliable, high-performance glazing systems.Engineering next-generation glazingLooking ahead, the trajectory of superyacht design points towards even larger, clearer and more seamlessly integrated glass surfaces. However, the next phase of innovation will be defined not by scale alone, but by the ability to balance ambition with practicality. Manufacturability, optical quality, structural safety, durability and ease of replacement will all play an increasingly important role in shaping future designs.As glass cements its position as a defining element of modern yacht design, its successful application depends on far more than aesthetics. Structural integration, bonding expertise, advanced simulation and uncompromising material quality must come together from the very beginning.In response, <a data-gid="gid://syiq/Company/3829" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TILSE Glass (Company)">TILSE</a> continues to invest in expanded production capacity, advanced handling capabilities and earlier involvement in complex projects – helping today’s most ambitious glazing concepts to be realised safely, durably and with the clarity expected of the next generation of superyachts.

Tilse yacht glass in design

Larger glass surfaces have fundamentally changed how glazing is approached in yacht construction. 

Engineering transparency: The evolving role of glass in superyacht design

<img src="https://photo-assets.superyachttimes.com/photo/396837/image/large-d8ba973efacc6a431309d036f5b1a3df.jpg" data-gid="gid://syiq/Photo/396837">The 95-metre <a data-gid="gid://syiq/Company/778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Golden Yachts Ltd. (Company)">Golden Yachts</a> superyacht <a data-gid="gid://syiq/Yacht/7237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="O'Pari95.0m (311'8&quot;)Golden Yachts Ltd.2020">O’Pari&nbsp;</a>was recently seen anchored in Athens, Greece, ahead of Posidonia 2026. Several other superyachts, including the 60.98-metre <a data-gid="gid://syiq/Yacht/13282" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="O'Madeleine60.98m (200'1&quot;)Golden Yachts Ltd.2025">O'Madeleine</a>, were also spotted in the area during the international shipping exhibition, which took place from 1 to 5 June.Delivered in 2020, <a data-gid="gid://syiq/Yacht/7237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="O'Pari95.0m (311'8&quot;)Golden Yachts Ltd.2020">O’Pari&nbsp;</a>remains the largest yacht built by the Greek shipyard to date. She forms part of a fleet of distinctive <a data-gid="gid://syiq/Company/778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Golden Yachts Ltd. (Company)">Golden Yachts</a> projects, alongside notable vessels such as the 87.6-metre <a data-gid="gid://syiq/Yacht/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project X87.6m (287'5&quot;)Golden Yachts Ltd.2022">Project X</a> and the 77.7-metre <a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a>, which was launched in 2023.Her exterior and interior design were penned by <a data-gid="gid://syiq/Company/76" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vafiadis (Company)">Studio Vafiadis</a>. Spanning 2,700 GT, <a data-gid="gid://syiq/Yacht/7237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="O'Pari95.0m (311'8&quot;)Golden Yachts Ltd.2020">O’Pari</a> offers a range of standout amenities, including a touch-and-go helipad positioned on the forward upper deck, an expansive sundeck complete with a DJ booth, bar and Jacuzzi, and a dedicated wellness area featuring a massage room, Turkish hammam and Finnish sauna.Accommodation is provided for guests across a collection of marble- and mosaic-clad staterooms, comprising nine double cabins and four twin cabins.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, <a data-gid="gid://syiq/Yacht/7237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="O'Pari95.0m (311'8&quot;)Golden Yachts Ltd.2020">O’Pari</a> cruises comfortably at 16 knots and can reach a top speed of 20 knots. She is currently en route to Split, Croatia, according to AIS Data.

Golden Yachts yacht O’Pari in Athens

The 95-metre Golden Yachts superyacht O’Pari was recently seen anchored in Athens, Greece.

95m Golden Yachts superyacht O’Pari in Athens

Onboard Numarine's 40MXP video

We stepped aboard Mitan, the latest Numarine 40MXP in Palm Beach.

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Video: Step aboard Numarine's new flagship, the 40MXP Mitan

<a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> has announced the launch of the first 34.5-metre <a data-gid="gid://syiq/Yacht/14712" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line Navetta 35/0134.5m (113'2&quot;)Custom Line2026">Custom Line Navetta 35</a> yacht from the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> Superyacht Yard in Ancona, Italy. <img src="https://photo-assets.superyachttimes.com/photo/396958/image/large-5e7320ad24519c237c36a53098354f77.jpg" data-gid="gid://syiq/Photo/396958">Launched as the first hull in the series, her sale was announced in February 2026 and was described as an evolution of the yard’s Navetta series, with a strong emphasis on natural light and onboard comfort.<img src="https://photo-assets.superyachttimes.com/photo/396965/image/large-f591300f74ebc39eedd4b608a54aafad.jpg" data-gid="gid://syiq/Photo/396965">Positioned alongside her larger sistership, the <a data-gid="gid://syiq/Yacht/14712" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line Navetta 35/0134.5m (113'2&quot;)Custom Line2026">Navetta 35</a> yacht adopts the same core design language, defined by clean architectural forms. She features exterior design by <a data-gid="gid://syiq/Company/5547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Filippo Salvetti (Company)">Filippo Salvetti</a>, with interior design courtesy of <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">Antonio Citterio Patricia Viel ACPV Architects</a>.<img src="https://photo-assets.superyachttimes.com/photo/396962/image/large-617932259e73d86b11853e427c103d6c.jpg" data-gid="gid://syiq/Photo/396962">According to the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, she features almost transparent naval architecture, which puts the sea at the centre of the onboard experience. The result is a fluid interconnection between her interior and exterior spaces, creating a sense of pleasure, elegance and comfort. <img src="https://photo-assets.superyachttimes.com/photo/396961/image/large-0a092e8dc97dc3153475abfe97a6c724.jpg" data-gid="gid://syiq/Photo/396961">The made-to-measure yacht boasts a beam of 7.7 metres, with her layout spanning over three decks. Defined by a contemporary exterior design and dynamic silhouette, she showcases clean lines and sculptural surfaces.<img src="https://photo-assets.superyachttimes.com/photo/396969/image/large-fe622ffb38debd908229c092316cd7b0.jpg" data-gid="gid://syiq/Photo/396969">Moving inside, her design language soft volumes, organic geometries and custom-made freestanding furniture designed by Antonio Citterio. <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">ACPV Architects</a> also developed a Light Mood based on the owner’s wishes, blending ivory, beige and caramel colourways that run throughout to create more depth, luminosity and lightness.<img src="https://photo-assets.superyachttimes.com/photo/396971/image/large-c650afb8a72cefaf8e5423baa63cb41f.jpg" data-gid="gid://syiq/Photo/396971">A plethora of materials have been used onboard including vibrant Pietra di Vicenza stone, pale wood floors and sand-coloured leather used for upholstery and detailing to create a warm and refined atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/396968/image/large-589c2327e3af86ff0ec7f9f12976d9a2.jpg" data-gid="gid://syiq/Photo/396968">The <a data-gid="gid://syiq/Yacht/14712" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line Navetta 35/0134.5m (113'2&quot;)Custom Line2026">Custom Line Navetta 35</a> yacht can accommodate up to 10 guests across a five stateroom configuration, with her full-beam owner’s suite positioned forward on the main deck. This private suite includes separate his-and-hers bathrooms connected by a shared central shower.On the lower deck, four guest staterooms are accessed via a dedicated lobby, including one suite fitted with a Pullman berth to accommodate additional guests.<img src="https://photo-assets.superyachttimes.com/photo/396967/image/large-daf41f6c8e4667a26d0c94a5c2da5280.jpg" data-gid="gid://syiq/Photo/396967">A distinct feature in her exterior design is the notch in her gunwale, which aims to reduce the perceived mass of her superstructure, and allow for an increase of natural light to her interior spaces, creating an overall more streamlined profile and a further sense of openness.<img src="https://photo-assets.superyachttimes.com/photo/396959/image/large-11aefd747e74b0e1b138c75019a77552.jpg" data-gid="gid://syiq/Photo/396959">With over 300 square-metres of indoor and outdoor space, her flybridge deck stands out thanks to the removal of her staircases for a wider, more versatile deck arrangement. The deck includes a Jacuzzi and expansive lounging areas, while forward freestanding furniture and a sunset lounge area offer unobstructed panoramic views.<img src="https://photo-assets.superyachttimes.com/photo/396966/image/large-fd63e11f2451c5ecbd08c2c0bee0bfbb.jpg" data-gid="gid://syiq/Photo/396966">Her sundeck features an open-air sea view pool, while covered areas provide shade and protection, ensuring usability in a range of conditions. On the main deck aft, a lounge area provides direct access to the beach club.<img src="https://photo-assets.superyachttimes.com/photo/396970/image/large-51cbdc442951e7cf1dbc94e3b2a79f09.jpg" data-gid="gid://syiq/Photo/396970">In terms of performance, the standard <a data-gid="gid://syiq/Yacht/14712" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line Navetta 35/0134.5m (113'2&quot;)Custom Line2026">Navetta 35</a> yacht 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> V12 1,400 horsepower engines, providing her with a top speed of 15 knots and a cruising speed of 12 knots. She can also reach a range of 1,750 nautical miles at an economic cruising speed of 10 knots. There is also an option to install twin Caterpillar C32 1,622 horsepower engines, which would propel the Navetta 35 yacht to a top speed of 16 knots.The second and third hulls are currently sold and already in-build, with a delivery date of 2027.

Custom Line Navetta 35: First yacht launched

Custom Line has announced the launch of the first 34.5-metre Custom Line Navetta 35 yacht from the Ferretti Group Superyacht Yard in Ancona, Italy. 

First Custom Line Navetta 35 yacht launched

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> has announced that the KKCG owned shareholder Azúr a.s. has initiated legal proceedings challenging the appointment of the new board of directors at the company's shareholders' meeting on 14 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">According to a statement released by <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> on 11 June, Azúr filed a writ of summons before the Court of Bologna on 9 June 2026 pursuant to Articles 2377 and 2378 of the Italian Civil Code.Azúr a.s. is a wholly owned part of KKCG’s global business, founded by Czech entrepreneur Karel Komárek. They bring together all of KKCG Maritime’s assets into a single entity and currently have a 23.23 percent stake in the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.&nbsp;Azúr is currently seeking nullity and/or annulment of resolutions concerning the appointment of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>'s new board of directors, the determination of the number of board members and the appointment of the company's board of statutory auditors.They have also requested interim relief from the court to suspend the effectiveness of those resolutions pending the outcome of the proceedings. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> have responded stating that they will take the necessary steps to defend its position.&nbsp;“<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, having taken note of the service of the writ of summons, will protect its rights and will seek appropriate legal advice to defend and will have the absolute correctness of its conduct ascertained before the competent Court.”<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirmed that its corporate bodies remain fully operational and continue to perform their respective duties and responsibilities. They also added that these legal proceedings have no impact on its business operations, customer relationships, commercial activities or strategic 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> 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.Read more:&nbsp;<a data-gid="gid://syiq/Article/66099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions (2026-05-15 16:30:00 +0200)">Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions</a><img src="https://photo-assets.superyachttimes.com/photo/386471/image/large-5864e3d980f30348ec76855095f57666.jpg" data-gid="gid://syiq/Photo/386471">The appointment was confirmed by the Board of Directors, which also reconfirmed Tan Ning as Chairman of the Board and the departure of Alberto Galassi. On 15 May, KKCG Maritime 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> had breached "golden power" rules designed to shield strategic assets.The matter will now be considered by the Court of Bologna, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> stating that it will keep shareholders informed of any material developments in accordance with applicable laws and regulations.

KKCG Maritime challenges Ferretti Group board appointments in court

Ferretti has announced that the KKCG owned shareholder Azúr has initiated legal proceedings challenging the appointment of the new board of directors.

Ferretti shareholder KKCG Maritime challenges board appointments in court

<a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a> has unveiled the first details of the 60-metre superyacht concept Apex. Designed in-house by the Dutch studio, the motor yacht has been conceived around a performance-oriented brief.<img src="https://photo-assets.superyachttimes.com/photo/396926/image/large-419221d207de5e8d99df4c3ee8096ce5.jpg" data-gid="gid://syiq/Photo/396926">Apex features naval architecture and exterior styling by <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a>, which have opted for a lightweight aluminium hull and superstructure. She showcases a clean and highly geometric exterior design, with extensive glazing spanning her sleek silhouette.At the core of the design lies the <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a> High Speed Cruising hull form, which has been engineered to deliver efficient performance across a wide operational profile. The advanced hull platform of Apex&nbsp;operates comfortably and efficiently from economical transoceanic passages to high-speed cruising.<img src="https://photo-assets.superyachttimes.com/photo/396927/image/large-c596a59bc5ef08f7d483435fc198b0fa.jpg" data-gid="gid://syiq/Photo/396927">With a beam of 10.7 metres, Apex can comfortably accommodate up to 12 guests, as well as a crew of 14 for a high level of service and comfort. Her interior design can also be fully tailored to suit the wishes of her owner.&nbsp;Apex displays balanced expansive deck volumes, with her aft deck maximised to create a social platform for guests onboard. The first renderings show a large alfresco lounge area at her bow, offering the perfect space for guests to entertain or relax.&nbsp;In terms of performance, Apex 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, providing her with a top speed of 28 knots, a cruising speed of 22 knots and a range of 4,500 nautical miles at 13 knots.&nbsp;

Apex: 60m Mulder Design yacht concept unveiled

Mulder Design has unveiled the first details of the 60-metre superyacht concept Apex. 

Mulder Design unveils 60m yacht concept Apex designed for performance 

This article is featured as a guest post by Michel L'Ortye, the second generation of&nbsp;<a data-gid="gid://syiq/Company/8888" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Paul L'Ortye Yacht Insurance (Company)">Paul L'Ortye</a>&nbsp;Superyacht Insurance.In superyacht insurance, ''the difference is rarely found in what is covered, but in how it is worded''. At first glance, two insurance proposals may appear comparable. Similar limits, familiar terminology, and a competitive premium. Yet beneath the surface, the real differences emerge in structure, interpretation, and legal context.We asked ChatGPT to compare two superyacht insurance proposals. The outcome was structured, fast, and seemingly logical. But it also revealed a fundamental limitation: without true contextual understanding, critical differences remain unseen.This article highlights where that gap lies, and why specialist expertise remains essential.<img src="https://photo-assets.superyachttimes.com/photo/396822/image/large-d04de7387341e559ee1e637ffd910549.jpg" data-gid="gid://syiq/Photo/396822">1. Failure to understand layered policy structures and how clauses interact and override one anotherFor example, ChatGPT does not understand layered policy structures or how clauses interact and override one another.Policy wordings are built as layered legal frameworks, where clauses interact, override, or apply conditionally. AI tends to read them as isolated statements rather than as part of a structured system. Each insurer applies its own structure and hierarchy within the wording, often influenced by the applicable jurisdiction and its legal framework.For example, Policy A may state “worldwide navigation,” while Policy B specifies “worldwide excluding war zones.” ChatGPT may conclude that A offers broader coverage. In reality, Policy A may contain a separate war exclusion clause elsewhere in the wording that has the same, or even stricter, effect.2. Comparing apples with orangesOne operates on a Named Perils basis (only explicitly listed risks), the other on an All Risks basis (everything is covered unless excluded). The same term, but a completely different scope. ChatGPT sees “Hull &amp; Machinery” twice and concludes it is comparable, while the difference in coverage for a machinery breakdown or latent defect can amount to hundreds of thousands of euros.<img src="https://photo-assets.superyachttimes.com/photo/396820/image/large-aa15c287e8791d5230e10db1b947032c.jpg" data-gid="gid://syiq/Photo/396820">3. Deductibles and sub-limits are overlookedAI tends to focus on the main coverage and premium, while the real differences are often found in the sub-limits. These include maximum payouts per incident for tenders, crew medical limits per person, and differing deductibles for machinery damage versus navigational incidents. Such details are typically scattered throughout the policy and are easily missed.It also struggles to recognise requirements for minimum underlying covers, such as mandatory national healthcare or other primary insurance arrangements. These elements can be critical to the validity and effectiveness of the coverage, yet are rarely identified without expert review.4. What is NOT included remains invisibleChatGPT can only compare what is written. It cannot identify what is missing. No cyber clause? AI will not flag it, because there is nothing to read. A specialist, however, knows what should be there and recognises the gap immediately.It also lacks the ability to properly assess how coverage is structured. Policies may appear comparable, while in reality one is based on an all risks foundation and another on named perils, or where insurers apply their own wording with a tailored definition of “all risks.” These structural differences ultimately determine what is and is not covered, yet remain largely invisible without expert interpretation.<img src="https://photo-assets.superyachttimes.com/photo/396862/image/large-15929412d50cbaf94d80733c90eaecca.jpg" data-gid="gid://syiq/Photo/396862">5. ConfidentialityOwners upload commercially sensitive documents to a public AI. Vessel values, cruising areas, crew details, claims history, all of this is shared with external servers. For high-profile owners, this represents a serious privacy risk.6. “Cheaper = better” biasAI tends to conclude that the lower-priced option offers “comparable coverage.” In marine insurance, however, a lower premium is almost always a reflection of reduced coverage, higher deductibles, or an insurer with a weaker claims reputation. It also lacks the ability to properly weigh subtle but critical differences in policy wording, such as a depreciation clause on masts and rigging, or to recognise exclusions that carry the same practical meaning but are phrased differently, such as a market value clause applied to running and standing rigging, which in practice can largely have the same effect.<img src="https://photo-assets.superyachttimes.com/photo/396821/image/large-5911d8a80dbdc0631242e59608f5517a.jpg" data-gid="gid://syiq/Photo/396821">7. Jurisdiction and applicable lawThe governing law of a yacht policy determines how policy wording is interpreted at claim stage. The same wording can produce a very different outcome depending on the legal system behind it.This becomes particularly relevant in areas such as disclosure duties, warranties and gross negligence. Under some systems, sailing outside marked channels or ignoring a weather warning may already qualify as gross negligence, with a direct impact on the claim payment. Other systems apply a more proportional approach, or require a much higher degree of misconduct before cover can be reduced or declined.One policy may therefore respond very differently from another, despite similar wording and circumstances. These legal differences can have a major impact on the final claim outcome, yet in practice the governing law is often treated as little more than a footnote.Michel L'Ortye is the second generation of&nbsp;<a data-gid="gid://syiq/Company/8888" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Paul L'Ortye Yacht Insurance (Company)">Paul L'Ortye</a>&nbsp;Yacht Insurance, the family business&nbsp;that his father founded in 1978 and which focuses entirely on yacht insurance. Joining the company full-time over ten years ago, Michel has been working alongside his brother Didier, who leads the in-house claims operation. Michel's focus is on the high-end yacht and superyacht segment.

Guest author Michel L'Ortye compares an AI insurance proposal to a handwritten one. 

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