<a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen&nbsp;</a>and German Naval Yards Kiel have announced their intention to bring their naval shipbuilding capabilities together under “a long-term cooperation in naval shipbuilding.” The two shareholding families have agreed on a contractual agreement for the joint venture – subject to approval by the merger control authorities – with the objective of reinforcing the efficiency and sustainability of the German naval shipbuilding industry to compete on a global level. <img src="/uploads/store/photo/119742/image/large-137b921784a6906840b4fefe1ff268c1.jpg" data-gid="gid://syiq/Photo/119742">The German government has been involved in the negotiation process from early on and the agreement should be seen in the light of a recent white paper that identifies naval shipbuilding as key to strengthening national security and the defence industry. In January, the German government announced that it had selected Dutch shipbuilder <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen&nbsp;</a>as the main contractor with Hamburg-based <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">&nbsp;Blohm+Voss,</a> a <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> subsidiary, to build the next German Navy frigate, the MKS 180. The award drew sharp criticism from politicians representing Kiel and German Naval Yards challenged the decision.&nbsp;SuperYacht Times doesn’t usually report on commercial or military shipbuilding, but we are making an exception in this case as German Naval Yards Kiel is part of the parent company<a data-gid="gid://syiq/Company/5541" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Privinvest (Company)">&nbsp;Privinvest Holding&nbsp;</a> SAL, which also owns superyacht builder <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> in Rendsburg and the Lindenau shipyard in Kiel, which is primarily focused on repair and maintenance. However, <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug’s</a> sales &amp; marketing director Fadi Pataq has assured SuperYacht Times that the joint venture concerns only naval shipbuilding and has absolutely no links to the yachting activities at <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug.</a>“Germany has first-class naval yards and excellent technologies,”&nbsp;says Iskandar Safa, CEO of <a data-gid="gid://syiq/Company/5541" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Privinvest (Company)">Privinvest Holding SAL</a>.&nbsp;“However, our customers require partners with sufficient scale and capabilities to fulfil large-scale orders of strategic importance. Our customers can be better served if domestic players join forces. We have made an important step into the right direction today.” &nbsp; "We are convinced that the consolidation of our naval shipyards has significant strategic merit and will strengthen their competitiveness in the future,”&nbsp;says Friedrich Lürssen, shareholder of the <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen&nbsp;</a> Group. “We are pursuing this step with the objective to provide a more comprehensive and efficient &nbsp;offering for the supply and maintenance of high-quality naval units to the national customer.”

German Naval Yards Kiel and Lürssen merger announced

German Naval Yards shipyard

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Find out all about the Lürssen merger with German Naval Yards Kiel on SYT.  

Lürssen and German Naval Yards Kiel join forces

The <a data-gid="gid://syiq/Company/1886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Superyacht Society (Company)">International Superyacht Society</a> (ISS), has announced the launch of the <a data-gid="gid://syiq/Company/1886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Superyacht Society (Company)">ISS</a> Talent Pledge, to tackle the growing skills gap within the superyacht industry. It aims to do so by encouraging members to share knowledge, open doors, and provide opportunities for the next generation of professionals.<img src="https://photo-assets.superyachttimes.com/photo/326885/image/large-c8bc6b91d089c7871c339e0e78fedc9f.jpg" data-gid="gid://syiq/Photo/326885"><a data-gid="gid://syiq/Company/1886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Superyacht Society (Company)">ISS</a> President Erin Ackor stated, “Together, we have the power to address this critical challenge. By uniting our efforts, we can make a lasting impact on the future of our industry. We encourage all our members to take the first step today by signing our Talent Pledge.”The&nbsp;<a data-gid="gid://syiq/Company/1886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Superyacht Society (Company)">ISS</a>&nbsp;Talent Pledge CommitmentEach company that signs the pledge agrees to support the development of young talent within its organisation by implementing one or more of the following actions:Engage: Collective action to cocreate talent<ul><li>Actively participate in existing programs such as ‘Junior Achievement’s Sea the World’ or the programs offered by the Marine Industries Association of South Florida (MIASF or equivalent organisations).</li><li>Speak at local schools or universities about opportunities in the superyacht sector.</li><li>Create webinars promoting industry careers to reach a wider audience.</li></ul>Quality job opportunities for new talent&nbsp;<ul><li>Create job openings at all levels within their company.</li><li>Develop strategies that enable less experienced team members to learn from more seasoned professionals.</li></ul>Work-based learning<ul><li>Offer internships or apprenticeships in the field.</li><li>Build a Continuous Professional Development Program to educate new team members at all levels within the organisation.</li><li>Invite outside speakers to talk to their team.</li><li>Allocate a budget to enable promising new talent to attend conferences and shows.</li></ul>Career paths<ul><li>Implement career paths to encourage longevity within the industry.</li><li>Start a mentoring program.</li><li>Support crew members with transferable skill development for movement ashore and ensure crew onboard are aware of opportunities.</li></ul>“With the Talent Pledge, we aimed to encourage superyacht companies around the globe to attract and retain new talent in our industry," emphasised Abi McGrath, Chair of the <a data-gid="gid://syiq/Company/1886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Superyacht Society (Company)">ISS</a> Talent Pledge.

International Superyacht Society launches Talent Pledge

The International Superyacht Society (ISS), has announced the launch of the ISS Talent Pledge.

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 announced at the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival 2024</a>, that it will be introducing 25 new models to its portfolio from 2024 to 2026. These models will be introduced across the company's seven brands, which include <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, <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/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/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> and <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>.<img src="https://photo-assets.superyachttimes.com/photo/326707/image/large-c3976a8885eac83f845146d17853cd61.jpg" data-gid="gid://syiq/Photo/326707">Hosted by <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> CEO Alberto Galassi, alongside Chief Commercial Officer Stefano de Vivo, the duo teased a selection of the new models, which includes several yachts which are due to make their debut at the upcoming shows this season.<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> announced that they had a fleet of 21 boats attending this year’s <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival</a> with no less than six premieres from the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</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/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</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> and <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a> brands.This comes amidst <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s recent appointment of the new Chairman of the Board of Directors, Jiang Kui.&nbsp;Alberto Galassi, CEO of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, expressed the company's ambition to exceed its previous achievements by launching more than its 2021 to 2023 benchmark of 24 new models. Galassi highlighted the firm's aggressive investment strategy, noting that <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has allocated €77 million to its expansion efforts in just the first half of 2024.&nbsp;During the press conference, Galassi noted that 52 percent of clients were repeat customers from across the seven brands, with the new models aimed at bridging the gap between the current existing fleet.&nbsp;Amongst the new models announced were the wallywhy100, which will be making her world premiere at the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival</a> and the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> Navetta 38 and wallywind110, with more details due to be announced on these models soon.Other notable models due to join the fleet include, a new <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> model which will sit in size between the 860 and 1000 model and the <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> 940, which has already seen three hulls sold since its recent private preview. &nbsp;The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a> will also see new models in its <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a> brand, with the addition of the 54 Metri project and the 112 DolceVita Super yacht, which features exterior design by <a data-gid="gid://syiq/Company/366" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Officina Italiana Design (Mauro Micheli) (Company)">Officina Italiana</a>.&nbsp;

Ferretti Group reveals plan for 25 new models between 2024 and 2026

The Ferretti Group has announced at the Cannes Yachting Festival 2024, that it will be introducing 25 new models to its portfolio from 2024 to 2026.

<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> is negotiating the acquisition of a shipyard in Viareggio, where it plans to build a new 40-metre <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> maxi yacht. <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> also plans to extend production beyond 40 metres, using aluminium at the new yard. In addition, new <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> offices will be built in Rapallo, Italy.This announcement was made by CEO Massimo Perotti, alongside <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> Chairman Leonardo Ferragamo, onboard the 50-metre <a data-gid="gid://syiq/Yacht/11733" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almax49.99m (164'0&quot;)Sanlorenzo2024">Almax</a>&nbsp;during a press briefing at the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival 2024</a>.<img src="https://photo-assets.superyachttimes.com/photo/326529/image/large-6ee3e933ce2f68982afaac99e4bf3877.jpg" data-gid="gid://syiq/Photo/326529">Two distinct brand identitiesDespite the acquisition, Perotti made it clear that the two brands will remain distinct. “One is a motor yacht builder, the other a sailing yacht manufacturer. They’ll never share offices or sales networks, and you won’t see them together at boat shows. They will remain two distinct mono-brands,” stated Perotti during the press conference. <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> will maintain its operations in Finland, while Ferragamo will retain his role as chairman and join <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> as vice president. <img src="https://photo-assets.superyachttimes.com/photo/326530/image/large-b55157a3c4800e17e5cf55e5f4ec035d.jpg" data-gid="gid://syiq/Photo/326530">Sanlorenzo expects to boost <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>’s profitability through better procurement and production efficiencies. Perotti highlighted how improving lead times for yacht construction could lead to higher EBITDA margins, benefiting from Sanlorenzo’s supply chain strength. However, production will remain in Finland, ensuring <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>’s heritage and expertise stay intact. <img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-7b5718deb5680c4926c86d70113ad2a3.jpg" data-gid="gid://syiq/Photo/261779"><a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> celebrated for its Swan, Maxi Swan, and ClubSwan sailing yachts, along with its Shadow and Arrow motor yachts, now partners with <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> to form a powerhouse in the luxury yachting world. Four <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> maxi yachts have already been sold this summer. Both companies are known for their commitment to quality, innovation, and sustainability. This partnership aims to merge the strengths of motor and sailing yachts into a new market segment, underlining both brands’ leadership in eco-friendly yachting.Synergy in sustainability<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has pioneered sustainable technology in the industry, focusing on carbon neutrality, with goals of using green hydrogen and methanol in their yachts. The collaboration with <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>, which shares similar values, highlights <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s dedication to creating a future with sustainable luxury yachts.<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s commitment to sustainability continues to drive its strategy, as the company leads efforts to reduce the environmental impact of recreational boating. Collaborating with industry leaders like Siemens Energy, Volvo Penta, and Rolls-Royce, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> is pushing boundaries to achieve carbon neutrality by 2030.<img src="https://photo-assets.superyachttimes.com/photo/326473/image/large-f5c916eb19f1d02248f4a612d87641bc.jpg" data-gid="gid://syiq/Photo/326473">At the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival</a>, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> unveiled two major eco-friendly milestones: the delivery of the 50Steel superyacht, the world’s first to feature a green methanol Reformer Fuel Cell system, and the launch of the hydrogen-powered chase boat BGH-HSV, designed for the <a data-gid="gid://syiq/Event/190" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="America's Cup - 2024 - 37th America's Cup Barcelona">America’s Cup</a>. Both vessels represent significant advances in reducing carbon emissions, with the 50Steel capable of staying at anchor for 85 percent of its time emission-free, slashing annual emissions by up to 30 percent.<ul><li style="font-style: italic;">Read:&nbsp;<a href="https://www.superyachttimes.com/yacht-news/sanlorenzo-50steel-yacht-almax-interiors" rel="noopener noreferrer" target="_blank" title="">Interiors of Almax unveiled, Sanlorenzo’s methanol fuel cell yacht</a></li></ul><a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has ambitious plans for the future, including the debut of bi-fuel engines by 2027, which will run on 80 percent methanol and 20 percent diesel. “By 2030, we aim for full methanol-powered yachts, but this will require infrastructure changes across Europe,” said Perotti during the press conference.New Sanlorenzo models<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s Bluegame division continues to spearhead sustainability efforts, unveiling the innovative <a data-gid="gid://syiq/YachtModel/13303" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluegame BGM7522.7m (74'6&quot;)">BGM75</a> at <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes</a>. This multihull yacht, designed with fuel efficiency in mind, sets new standards in eco-conscious yachting. The <a data-gid="gid://syiq/YachtModel/13303" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluegame BGM7522.7m (74'6&quot;)">BGM75</a>, developed with Smart Gyro stabilisers and featuring an optimised hull design by Philippe Briand, significantly reduces CO2 emissions. Looking ahead, Bluegame is working on the BGM65HH, a hydrogen-hybrid multihull yacht expected to debut in 2027.<img src="https://photo-assets.superyachttimes.com/photo/326534/image/large-43223a2b1bef25aa56865cdb42c31ae3.jpg" data-gid="gid://syiq/Photo/326534"><a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> also revealed new models at the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival</a>, including the world premieres of the <a data-gid="gid://syiq/Yacht/13947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo SL86A/86026.6m (87'3&quot;)Sanlorenzo2024">SL86A</a> and <a data-gid="gid://syiq/YachtModel/13070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo SP9227.95m (91'8&quot;)">SP92</a>. The <a data-gid="gid://syiq/Yacht/13947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo SL86A/86026.6m (87'3&quot;)Sanlorenzo2024">SL86A</a> showcases a reimagined asymmetry design, maximising space and enhancing the connection with the sea, while the <a data-gid="gid://syiq/YachtModel/13070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo SP9227.95m (91'8&quot;)">SP92</a> focuses on high performance with a commitment to sustainability.<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/326535/image/large-b93a0dcc612ac803af0034bce842a058.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20240910%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20240910T103623Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=72d6020334c25c369e5ef01c5a582500e47521c548dfdd1822271c4fc4a81f1d" data-gid="gid://syiq/Photo/326535">In addition, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> displayed a wide array of yachts from its current lineup, including the <a data-gid="gid://syiq/Yacht/13947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo SL86A/86026.6m (87'3&quot;)Sanlorenzo2024">SL96A</a>, <a data-gid="gid://syiq/YachtModel/12731" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo SX10030.53m (100'2&quot;)">SX100</a>, and <a data-gid="gid://syiq/YachtModel/8934" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo SD11835.75m (117'3&quot;)">SD118</a>, showcasing the company’s versatile offerings in the luxury yachting market.

Sanlorenzo plans to acquire Viareggio shipyard for new 40m Nautor Swan yacht

Sanlorenzo is negotiating the acquisition of a shipyard in Viareggio, where it plans to build a new 40-metre Nautor Swan maxi yacht. 

The <a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">Saudi Red Sea Authority</a> (<a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">SRSA</a>) has introduced Saudi Arabia’s first regulation specifically governing yacht activities within its territorial waters. This new regulation provides a comprehensive framework for managing yacht operations, detailing the necessary requirements and conditions, and overseeing the issuance of tourism and leisure licences. It also emphasises environmental protection, sustainability, and compliance with safety standards, reflecting <a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">SRSA</a>’s commitment to promoting a sustainable coastal tourism sector.<img src="https://photo-assets.superyachttimes.com/photo/285492/image/large-4b771601-8882-42a3-840f-de9e06e3473e.jpeg" data-gid="gid://syiq/Photo/285492">Aligned with <a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">SRSA</a>’s mandate, the regulation establishes service standards and guidelines for coastal tourism activities, ensures the protection of the marine environment in the Red Sea, and aims to foster greater engagement among both practitioners and enthusiasts. These efforts are designed to enhance user experiences and support the sustainable growth of the coastal tourism sector.The regulation sets out the conditions and procedures for issuing technical licences for leisure tourism, specifying the criteria required for yacht owners or authorised maritime tourism agents. It further defines the requirements for obtaining tourism chartering licences, which include the involvement of a licensed maritime tourism agent or yacht management company, a signed contract between the agent and the charterer, secure marina-to-yacht access, and an onboard safety guide tailored for tourism charters.Additionally, the regulation details the procedures for obtaining a tourism trip permit within Saudi Arabia's Red Sea waters, including mandatory documentation such as passenger information, sailing destinations, and the chartering contract.Regarding water toys, the regulation requires obtaining the necessary approvals and licences for activities such as recreational fishing, diving, and other similar pursuits. It mandates a clear usage guide for all water-based activities, a comprehensive response plan outlining rescue and first aid procedures, the provision of life jackets, and designated activities for children.The regulation also mandates the issuance of required licences, sets specifications for chartering yachts, and ensures that all safety and environmental protection measures are upheld on board. It further emphasises the rights of people with disabilities, promotes the preservation of the marine environment by minimising plastic use and preventing pollution, requires adherence to safe navigation guidelines, and ensures that charterers comply with the terms of their contracts.The introduction of the new regulation coincides with the launch of SRSA’s awareness campaign, “More Than a Sea,” through which the Authority underscores its role in developing a thriving coastal tourism sector. The campaign highlights <a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">SRSA</a>'s efforts in setting policies, strategies, plans, programmes, and initiatives essential for regulating navigational and marine tourism activities, as well as issuing licences and permits.

Saudi Red Sea Authority issues first yacht regulations

The Saudi Red Sea Authority has introduced Saudi Arabia’s first regulation governing yacht activities within its territorial waters.

In their most recent financial disclosure, the Board of Directors of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> examined and approved the consolidated half-year financial report as of 30 June 2024.<img src="https://photo-assets.superyachttimes.com/photo/320979/image/large-649a94dae16898ab9df849136057ab5a.jpg" data-gid="gid://syiq/Photo/320979">Summary<ul><li>In the first half of 2024, net revenues from new yacht sales, identified as 'Net Revenues New Yachts,' amounted to €415.1 million, a 6.9% increase from €388.4 million during the same period in 2023. The breakdown by region indicates varied performance: revenues in the Americas grew by 9.2%, while the Asia-Pacific (APAC) region saw an increase of 20.9%. The Middle East and Africa (MEA) region recorded a significant rise of 142.0%. In contrast, Europe registered a decline of 9.9%. </li><li>EBITDA reached €74.2 million, marking a 9.7% increase from €67.7 million in the first half of 2023. This resulted in an EBITDA margin of 17.9% on Net Revenues from New Yachts, an improvement of 50 basis points. </li><li>EBIT stood at €58.0 million, reflecting a 9.1% increase from €53.1 million in the first half of 2023. This corresponds to a 14% margin on Net Revenues from New Yachts, which is an increase of 30 basis points. </li><li>Group Net Profit reached €43.6 million, an increase of 11.6% compared to €39.0 million in the first half of 2023. This resulted in a net profit margin of 10.5% on Net Revenues from New Yachts, up by 40 basis points. </li><li>Organic Net Capex was reported at €20.5 million, accounting for 4.9% of Net Revenues from New Yachts, with approximately 90% allocated to expanding industrial capacity and developing new models and product lines. Additionally, net investments tied to the consolidation of the <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> Group totaled €12.6 million, resulting in a Total Net Capex of €33.1 million for the period. </li><li>The Net Cash Position stood at €102.2 million, following a dividend payout of €34.3 million in the second quarter. Despite the financial impacts of acquiring the <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> Group and the non-recurring cash absorption for normalising working capital, the balance sheet remains robust. Without these factors, the net cash position would have been €126.1 million, underscoring the company’s strong liquidity and continued capacity for investment opportunities. </li><li>The gross backlog stood at €1,364.6 million, consistent with the record levels maintained in previous years on the same date. Of this, €741.2 million is allocated for 2024, covering 83% of the annual guidance, with the remaining €623.4 million scheduled for distribution in subsequent years. This backlog provides an exceptional level of visibility, with 88% of it comprising orders from final clients. </li><li>The order intake reached €323.0 million. This level was achieved despite the transient effects of implementing and ramping up a direct distribution strategy, which included acquiring <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> and incorporating <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> MED. These changes introduced an additional delay between sell-in and sell-out phases. As of 30 June 2024, the net backlog stood at €950.0 million, exceeding one times the annual revenues and substantially surpassing pre-Covid 'normal' levels.</li></ul>Massimo Perotti, Chairman and CEO, stated: “In the first half of 2024 and until today, we have faced and overcome several challenges with determination and a dynamic approach, fully reflected in our positive results. First and foremost, we have maintained our planned growth trajectory, further expanding margins and consolidating a robust net backlog, in the context of a complex and uncertain global macroeconomic and geopolitical environment, from which even high-end luxury has not been immune.”<img src="https://photo-assets.superyachttimes.com/photo/319400/image/large-61e24b536e7293fae90291fd0d189ce5.jpg" data-gid="gid://syiq/Photo/319400">Consolidated net revenues new yachtsIn the first half of 2024, net revenues from new yachts reached €415.1 million, representing a 6.9% increase from €388.4 million in the same period of the previous year.The Yacht Division recorded net revenues of €241.7 million, a slight increase of 1% compared to €239.3 million in the first half of 2023.The Superyacht Division reported net revenues of €124.4 million, a growth of 17.6% from €105.8 million in the same period of 2023, driven by strong performance in the Alloy and Steel lines.Meanwhile, the Bluegame Division achieved net revenues of €49.0 million, up 13.1% from €43.2 million in the first half of 2023, supported by the continued success of the BGX73 model.The geographical breakdown reveals a rebound in the Americas, with revenues increasing by 9.2%. The Asia-Pacific (APAC) region recorded growth of 20.9%, excluding Greater China, while the Middle East and Africa (MEA) region saw sustained growth of 142.0%. Europe experienced a decline of 9.9%, attributed to a strong comparison base from the first half of 2023, which saw a significant increase of 37.1% compared to the first half of 2022.Consolidated operating and net resultsEBITDA reached €74.2 million, a 9.7% increase from €67.7 million in the first half of 2023, with a margin of 17.9% on net revenues from new yachts, up by 50 basis points.EBIT reached €58 million, a 9.1% increase from €53.1 million in the first half of 2023, with a margin of 14% on net revenues from new yachts, up by 30 basis points. This growth reflects the impact of recent investments in product development, increased production capacity, and recent acquisitions.Pre-tax profit amounted to €60.4 million, up by 11.6% compared to €54.1 million in the first half of 2023.Group net profit reached €43.6 million, up by 11.6% compared to €39.0 million in the first half of 2023. The margin on Net Revenues New Yachts is equal to 10.5%, up by 40 basis points compared to the same period of the previous year. <img src="https://photo-assets.superyachttimes.com/photo/289245/image/large-500b25b57fef38c2479f03d4e2bac261.jpg" data-gid="gid://syiq/Photo/289245">Consolidated balance sheet and financial resultsNet working capital was positive at €2.1 million as of 30 June 2024, compared to a negative €34.9 million on 31 December 2023 and a negative €75.6 million on 30 June 2023. This improvement reflects a return to the typical seasonality of the business, driven by (i) intensive fitting activity for yachts approaching the delivery season in the Mediterranean, and (ii) a normalised order intake aligned with typical first-half levels, resulting in lower customer advances following the post-Covid period.Inventories totaled €130.1 million, an increase of €44.6 million from 31 December 2023 and €41 million from 30 June 2023. This growth is primarily driven by raw materials and work-in-progress products, reflecting the expanding order backlog.&nbsp;Finished products amounted to €35.7 million, up by €13.6 million from year-end 2023, consisting of €25.3 million in pre-owned yachts and €10.3 million in new yachts awaiting delivery. Of the pre-owned yachts, mainly in the American market, €6.5 million pertains to yachts already sold for delivery in the coming months.Organic net investments in the first half of 2024 totalled €20.5 million, up from €13.1 million in the same period of the previous year, with around 90% allocated to expanding industrial capacity and developing new models and product lines. These investments represented 4.9% of net revenues from new yachts, reflecting a growing revenue base, while the average investment required for new model development remained stable. Including the consolidation of <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> Group, total investments reached €33.1 million.The net cash position as of 30 June 2024 was €102.2 million, down from €140.5 million on both 31 December 2023 and 30 June 2023. This decrease reflects temporary cash absorption due to (i) the acquisition of <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> Group, (ii) the normalisation of net working capital following intensive yacht fitting activity ahead of the Mediterranean delivery season and a return to typical first-half order levels post-Covid, and (iii) a dividend payment of €34.3 million.BacklogAs of 30 June 2024, the gross backlog was €1,364.6 million, slightly down from €1,421.1 million a year earlier. This includes €741.2 million allocated to 2024, covering 83% of the annual guidance, and €623.4 million assigned to future years, ensuring strong visibilityThe net backlog stood at €950 million, exceeding one year's revenue and remaining above pre-Covid levels.Order intake for the first half of 2024 totalled €323 million, with €168.1 million in the first quarter and €154.8 million in the second quarter. This reflects normalised levels consistent with typical first-half seasonality, despite the temporary effects of implementing a direct distribution strategy, including the acquisition of Simpson Marine and the launch of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> MED, which has extended the time between sell-in and sell-out.Guidance 2024While closely monitoring broader market conditions, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> reaffirms its organic guidance for 2024. This outlook now includes the contribution of the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> Group for the five-month consolidation period from August to December.<img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-7b5718deb5680c4926c86d70113ad2a3.jpg" data-gid="gid://syiq/Photo/261779">Commenting on the future outlook, Perotti stated: "We have successfully completed two innovative projects that mark key milestones in our ambitious journey towards more sustainable yachting. This summer, we delivered the 50Steel, equipped with a green methanol reformer-fuel cell system for on-board hospitality services, and two BGH tenders with hydrogen propulsion for America's Cup challengers.In line with our strategy for a sustainable product portfolio, the acquisition of <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> in early August demonstrates our ability to identify high-potential investment opportunities and integrate them with a long-term industrial vision consistent with <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>'s philosophy. <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Swan</a> is an extraordinary brand with which we can create significant synergies, contributing substantially to the Group's results. We move forward with great optimism, confident in our strength and the soundness of our strategic choices.”

Sanlorenzo reports H1 financial report

The Board of Directors of Sanlorenzo have examined and approved the consolidated half-year financial report as of 30 June 2024.

Sanlorenzo reports 11.6% increase in group net profit for H1

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 announced that Stefano de Vivo has departed from his position as Chief Commercial Officer of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> and Managing Director of <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>.<img src="https://photo-assets.superyachttimes.com/photo/83726/image/large-dbe1fc34677b5128cb0f4de495c81226.jpg" data-gid="gid://syiq/Photo/83726">Stefano de Vivo will be leaving the role after serving the company for over a decade. Stefano de Vivo has decided to fully commit to his Family Office, where he will take on the role of CEO beginning 1 November 2024.Stefano de Vivo will remain connected 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> by providing technical consultancy to support the development of the <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a> Sail business. Under his previous leadership, the Group has seen its revenues more than quadruple.“At my side for over a decade as Chief Commercial Officer of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> and Managing Director of <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, Stefano thanks to his professionalism, dedication and expertise contributed to the achievement of the important goals that the Company has reached in recent years,” explained Alberto Galassi, CEO of <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/312272/image/large-c91e06863903a886e2f3c779ad496fa9.jpg" data-gid="gid://syiq/Photo/312272">The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> will follow its established succession plan, with de Vivo collaborating closely with CEO Alberto Galassi and the Chief HR Officer to ensure a smooth transition.“De Vivo decided to leave to pursue other endeavours. On behalf of everyone at <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, I thank him for his efforts, particularly in product development and sales, which have left our Group in excellent shape with a bright future ahead.”&nbsp;“Looking ahead, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, along with its organisation, new products range already defined for the coming years and highly capable management team, is ready to continue with the growth path already undertaken,” concluded Alberto Galassi.

Stefano de Vivo leaves role as Ferretti Group CCO & Managing Director of Wally

The Ferretti Group has announced that Stefano de Vivo has departed from his position as CCO of Ferretti Group and Managing Director of Wally.

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Ferretti Group announces Stefano de Vivo’s departure as CCO 

Turkish shipyard <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Marine</a> has announced that Özgün Utku Alanç has been appointed as General Manager of <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Marine</a>, following the retirement of former manager Gürkan Türkeş. <img src="https://photo-assets.superyachttimes.com/photo/278003/image/large-50c9ba5c8bcd8c379697259a8efe5a64.jpg" data-gid="gid://syiq/Photo/278003">Speaking in a statement posted online, Gürkan Türkeş commented: “10 years and two months...The time that has passed since I started working as a business development manager at <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Marine</a>.”“It may not seem like a long time, but since it has been very busy and full, when I look back, it feels like at least 20 years to me. Now it is time to hand over my duties as the General Manager of this distinguished institution.”Özgün Utku Alanç recently left his position as CEO of <a data-gid="gid://syiq/Company/2013" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ARES Yachts (Company)">ARES Shipyard</a>, where he resigned from the role after around 11 years at the helm. “Over the course of the past decade, I’ve had the opportunity to interact with a diverse range of stakeholders and colleagues, many of whom have then become close friends,” he said.<img src="https://photo-assets.superyachttimes.com/photo/325088/image/large-f978631424e980782e55125ab4bc7f69.png" data-gid="gid://syiq/Photo/325088">“I’ll be excitedly taking on a new challenge in a different location to continue my journey in the industry and, of course, I’ll stay connected. Change is the only constant in life.”Özgün Utku Alanç left the company in August 2024, with the <a data-gid="gid://syiq/Company/2013" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ARES Yachts (Company)">ARES</a> staff expressing their gratitude and satisfaction for his leadership. He will now take over the role at <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Marine</a> from Gürkan Türkeş.&nbsp;“His route will be growth and success,” concluded Gürkan Türkeş. “I believe that he will do more than what I have done, what I could not do, and what I did not have the opportunity to do. As it is said when leaving the bridge, I bid farewell by saying "may God bless you.”

Gürkan Türkeş retires from RMK Marine as Özgün Utku Alanç is appointed new General 

RMK Marine has announced that Özgün Utku Alanç has been appointed as General Manager, following the retirement of former manager Gürkan Türkeş.

Gürkan Türkeş retires as RMK Marine appoints Özgün Utku Alanç as new General Manager

In the most recent financial disclosure, 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>, the Italy-based yacht builder headquartered in Forlì, has reviewed and officially approved the financial results for the first half of 2024. <img src="https://photo-assets.superyachttimes.com/photo/311727/image/large-3fe9300677d874d5eb81b65be7e099d1.jpg" data-gid="gid://syiq/Photo/311727">Financial overview:<ul><li>Adjusted EBITDA: €96.7 million, an increase of 15.9% from H1 2023, with a profit margin of 15.8%, up by 110 basis points from the previous year. &nbsp;</li><li>Net Revenue from New Yachts: €611 million, marking a 7.7% rise compared to H1 2023. &nbsp;</li><li>Net Profit: €44 million, up 7.6% from H1 2023. &nbsp;</li><li>Order Intake and Backlog: Order intake for H1 stands at €514.4 million, showcasing a new growth trend in Q2; order backlog at €1.5 billion, up 6.0% as of 30 June 2023. &nbsp;</li><li>Net Financial Position: Reported net cash of €237 million as of 30 June 2024, an increase of approximately €31 million post-dividend payment of about €33 million.</li></ul>Order Intake:In the second quarter of 2024, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> reported an overall H1 order intake of €514.4 million, reflecting a 10.4% decrease compared to the same period in 2023.Order intake by segment:<ul><li>The Composite Yachts segment recorded €161.6 million, representing 31.4% of the total order intake, a notable decrease from €262.6 million or 45.8% in the corresponding period of 2023.</li><li>This downturn contrasts with the Made-to-Measure yachts segment, which increased to €256.3 million from €240.8 million, growing to represent 49.8% of total orders.&nbsp;</li><li>Meanwhile, the Superyachts Segment saw a substantial rise, tallying €96.5 million and making up 18.8% of the order intake, up from just 9.1% the prior year.&nbsp;</li><li>Notably, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s other businesses segment recorded no new orders in the period, a decrease from the €17.9 million and 3.1% contribution noted in 2023.</li></ul>Order intake by geography:<ul><li>In the first half of 2024, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>'s geographical distribution of order intakes showcased significant shifts.</li><li>In Europe, orders amounted to €182 million, representing 35.4% of the total, a decrease from the previous year's €298.8 million, which accounted for 52.1%.&nbsp;</li><li>The Middle East and Africa (MEA) region saw a notable increase to €167.2 million, constituting 32.5% of the total, up from €103.9 million or 18.1% in 2023.&nbsp;</li><li>The Asia-Pacific (APAC) region experienced a sharp decline, with orders totaling just €7.0 million, about 1.4% of the total, compared to €47.7 million or 8.3% last year.</li><li>The Americas (AMAS), however, increased their share to €158.2 million or 30.8% of the total, up from €123.5 million or 21.5%.</li></ul>Order backlog:As of June 30, 2024, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>'s order backlog reached €1,495.8 million, marking a 6% increase from €1,410.5 million on the same date in 2023. This growth is attributed to the orders accumulated over the past year. Order backlog by geography:<ul><li>The Composite Yachts segment reached €350.1 million, accounting for approximately 23.4% of the total backlog, a slight decrease from €365.1 million or 25.9% in 2023.</li><li>The Made-to-Measure Yachts maintained a stable presence with €568 million, constituting roughly 38% of the backlog, marginally down from 38.7% the previous year.</li><li>The Super Yachts segment witnessed significant growth, reaching €521.9 million or 34.9% of the total, up from €442.3 million or 31.4% in 2023.&nbsp;</li><li>Meanwhile, the Other Businesses segment slightly declined to €55.8 million, representing about 3.7% of the backlog, compared to €56.9 million or 4% last year.</li><li>Net Backlog of the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, representing total orders not yet delivered minus revenues already booked, stood at €785.7 million. This figure shows a slight decrease of 5.2% from €828.7 million as of March 31, 2024, and a 3% decline from €810.4 million recorded on June 30, 2023. Net revenue new yachts:</li></ul>In the first half of 2024, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>'s net revenue from new yachts rose by approximately 7.7%, reaching €611 million, up from €567.4 million in the same period of 2023. This increase can be attributed to the solid order backlog accumulated throughout 2023 and early 2024.Net revenue new yachts by segment:<ul><li>In H1 2024, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>'s Composite Yachts segment generated €265.5 million, accounting for approximately 43.5% of the total net revenue from new yachts, a rise from €241.6 million or 42.6% in H1 2023.&nbsp;</li><li>The Made-to-Measure Yachts contributed €232.7 million, representing about 38.1% of the total, slightly down from €226.2 million or 39.9% the previous year.&nbsp;</li><li>Super Yachts showed significant growth, reaching €82.5 million or 13.5% of the total, up from €64.8 million or 11.4%.</li><li>Revenue from Other Businesses totaled €30.4 million, making up approximately 5% of the total, a decrease from €34.8 million or 6.1% in H1 2023.</li></ul>Net revenue new yachts by geographic area:<ul><li>The Europe region generated €313 million in net revenue from new yachts, comprising approximately 51.2% of the total, up from €265.5 million or 46.8% in H1 2023.</li><li>The Middle East and Africa (MEA) region contributed €112.8 million, representing about 18.5% of the total, an increase from €88.5 million or 15.6% the previous year.&nbsp;</li><li>However, the Asia-Pacific (APAC) region saw a decrease, with revenues falling to €23.9 million, about 3.9% of the total, down from €57.5 million or 10.1%.&nbsp;</li><li>Meanwhile, the Americas (AMAS) region accounted for €161.3 million, or 26.4% of the total, slightly up from €155.9 million or 27.5% in H1 2023.</li></ul>Net profit:<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)"></a><a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s profit increased by 7.6%, rising from €40.9 million in the first half of 2023 to €44 million in the same period of 2024.Investments in tangible and intangible assets:<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>'s investments in tangible and intangible fixed assets totalled €90.5 million. This expenditure included approximately €14.1 million allocated for the maintenance of operations and the existing product portfolio, and approximately €76.4 million dedicated to business expansion, predominantly for the commissioning of the Ravenna shipyard.Consolidated net financial position:&nbsp;<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>'s net financial position showed a net cash balance of €237 million, an increase from €205.7 million recorded on March 31, 2024.Net working capital:<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)"></a><a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)"></a><a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s net working capital stood at a negative €30.7 million, reflecting a decrease of €58.4 million from March 31, 2024. This change was primarily due to accelerated deliveries in anticipation of the Mediterranean season and the subsequent collection of final payment milestones.<img src="https://photo-assets.superyachttimes.com/photo/243240/image/large-c8d44c405138c49644ebabd8896f5e94.jpg" data-gid="gid://syiq/Photo/243240">Commenting on the result, Alberto Galassi, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a>’s Chief Executive Officer, stated: “One year after the success of the double listing on the Hong Kong and Milan stock exchanges, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> confirms its growth. Margins reached 15.8%, the best result ever for the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a>'s profitability, together with a net financial position of 237 million euros, improved by more than 30 million compared to last spring.&nbsp;The second quarter of 2024 also shows signs of long-term growth, including the consistent recovery in demand from the North American market, which grew by more than 28%. The season of the great European boat shows is now upon us and sees <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> present itself with a range of innovative products that are technologically advanced, attentive to sustainability and, as always, beautiful. Extraordinary boats that, we are sure, will once again be rewarded by the international market.”

Ferretti Group reports €611m net revenue from new yachts for H1 2024

Ferretti Group has reviewed and officially approved the financial results for the first half of 2024.

Dutch yacht builder <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 that Mark Cavendish has stepped down from his role, as they appoint Ruud van der Stroom as the new Chief Commercial Officer (CCO).<img src="https://photo-assets.superyachttimes.com/photo/324478/image/large-aa2afc69d4a4a937121f3082f22e5966.jpg" data-gid="gid://syiq/Photo/324478">Effective from 1 September, Ruud will undertake the position, bringing with him extensive experience and a unique background to the job role. Trained as a Dutch Royal Navy officer, Ruud studied Naval Architecture at the Naval Academy and Delft University of Technology.From there, Ruud spent several years in commercial shipping, with the past 16 spent of his career spent at Keppel Offshore and Marine and the <a data-gid="gid://syiq/Company/6617" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Shipyards (Company)">Damen Shipyards</a> Group, where he refined his expertise in the maritime industry.“This transition marks a significant milestone in my career,” explained Ruud van der Stroom. “My passion for yachting has been a lifelong pursuit, and joining such a prestigious shipyard feels like the perfect culmination of that journey.”<img src="https://photo-assets.superyachttimes.com/photo/53462/image/large-50d1759f2eb6dd43bdb547964990e63b.jpg" data-gid="gid://syiq/Photo/53462">Ruud will succeed Mark Cavendish, who will retire after an impressive 16 years with <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>. Mark has spent several years in the yachting industry and under his leadership, <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> significantly expanded its reputation and sold numerous yachts ranging from semi-custom to fully custom designs.“We extend our heartfelt gratitude to Mark for his invaluable contributions. His vast experience and deep market knowledge have been instrumental in building a solid platform for Heesen continued success,” said Niels Vaessen, <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>’s CEO.&nbsp;“We are excited to welcome Ruud to the team and look forward to the innovative direction he will bring as we continue to elevate our offerings in the luxury yacht market.”<img src="https://photo-assets.superyachttimes.com/photo/324472/image/large-337ae6224f66b1afe2c8dfc080e8ac3e.jpg" data-gid="gid://syiq/Photo/324472">

Heesen appoints Ruud van der Stroom as new CCO

Mark Cavendish steps down as Heesen's CCO, with Ruud van der Stroom taking over, marking a significant leadership change at the shipyard.

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Mark Cavendish steps down as Heesen appoints Ruud van der Stroom as new CCO

The history of Baglietto

 Justin Ratcliffe explore the past, present, and future of Baglietto’s 170 year history, including the 22 superyachts they currently have in-build.

Video: Celebrating the past, present and future of Baglietto

The 41.15-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> motor yacht <a data-gid="gid://syiq/Yacht/2014" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Sandals40.08m (131'6&quot;)Feadship1985">Lady Sandals</a>, previously named Sea Ghost, is for sale with <a data-gid="gid://syiq/Company/227" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moran Yacht & Ship (Company)">Moran Yacht &amp; Ship</a>. The <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> was delivered in 1985.<img src="https://photo-assets.superyachttimes.com/photo/39868/image/large-ad93d5b91aed3f24b8e0d62c11f961b6.JPG" data-gid="gid://syiq/Photo/39868"><a data-gid="gid://syiq/Yacht/2014" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Sandals40.08m (131'6&quot;)Feadship1985">Lady Sandals</a> features both exterior design and naval architecture by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a>, while her interior was penned by <a data-gid="gid://syiq/Company/288" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Paola D. Smith & Associates (Company)">Paola D. Smith &amp; Associates</a>. Moreover, she can accommodate up to eight guests onboard across four staterooms, as well as seven crew members, including the captain. <img src="https://photo-assets.superyachttimes.com/photo/327463/image/large-aaa039d8835500d16a43acf656f3effa.jpg" data-gid="gid://syiq/Photo/327463">The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> showcases an elegantly designed saloon with dark toned wooden furnishings that enhance the sophisticated ambiance of the room. The ample seating area makes this space an ideal location for large indoor gatherings.<img src="https://photo-assets.superyachttimes.com/photo/327473/image/large-a53b1d0eb41d8c90cf38813414c416d9.jpg" data-gid="gid://syiq/Photo/327473"><img src="https://photo-assets.superyachttimes.com/photo/327474/image/large-403dee109bf6e7b80099577d2f767edc.jpg" data-gid="gid://syiq/Photo/327474"> The dining room on the <a href="https://www.superyachttimes.com/yachts/lady-sandals/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Lady Sandals for sale</a> reflects a similarly sophisticated design to the main saloon. There is a generously sized dining table that can comfortably accommodate 10 guests, ideal for hosting large dinners with family and friends.<img src="https://photo-assets.superyachttimes.com/photo/327465/image/large-3b63331f06769f4752435ee2b9b63880.jpg" data-gid="gid://syiq/Photo/327465"><a data-gid="gid://syiq/Yacht/2014" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Sandals40.08m (131'6&quot;)Feadship1985">Lady Sandals</a>' master suite is elegantly appointed with dark-toned wooden furnishings and features a large sofa, providing the perfect private retreat for relaxation and comfort.<img src="https://photo-assets.superyachttimes.com/photo/327470/image/large-0a168d2f95dc96be49cafddfcbbab10d.jpg" data-gid="gid://syiq/Photo/327470"><img src="https://photo-assets.superyachttimes.com/photo/327472/image/large-eb72a89bc80882aec54ef920f1027811.jpg" data-gid="gid://syiq/Photo/327472">Exterior features on <a data-gid="gid://syiq/Yacht/2014" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Sandals40.08m (131'6&quot;)Feadship1985">Lady Sandals</a> include a generously sized wooden dining table on the main aft deck that can comfortably accommodate six guests. Additional outdoor seating options allow guests to relax and bask in the sunshine.<img src="https://photo-assets.superyachttimes.com/photo/327471/image/large-1c4d209858e23f119a9106c38f816929.jpg" data-gid="gid://syiq/Photo/327471">The <a href="https://www.superyachttimes.com/yachts/feadship/for-sale" rel="noopener noreferrer" target="_blank" title="">Feadship yacht for sale</a> has a steel hull and aluminium superstructure. Performance-wise, she 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 give her a cruising speed of 14 knots and a top speed of 16 knots.<img src="https://photo-assets.superyachttimes.com/photo/39869/image/large-5936fd51dc906ecf18ca01979d672179.JPG" data-gid="gid://syiq/Photo/39869">

41m Feadship motor yacht Lady Sandals for sale

The 41.15-metre Feadship motor yacht Lady Sandals is for sale with Moran Yacht & Ship.

<a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a> announced that the first model of the Akhir line to hit the market will be the 44-metre Akhir 44.The Akhir 44, designed by Antonio Luxardo, blends the heritage of the brand and innovation. This new model will be the first of the Akhir line to hit the market. This line features recognisable elements like strip windows, “shark-like” decoration on the bow, and horizontal-grid air intakes. These hallmark features remain intact in the Akhir 44, creating a strong link between past and present.Key to the Akhir 44’s design is its lightweight carbon fibre composite hull and superstructure, built using a vacuum-moulding process. The yacht features an innovative EHPH Power Fin hull, which is designed for improved performance and fuel efficiency. This focus on cutting-edge technology, coupled with the retention of the Akhir line’s signature aesthetic features, ensures the model stays true to the brand’s DNA.<img src="https://photo-assets.superyachttimes.com/photo/327475/image/large-8445340bba51622c4c9d821249b54c53.jpeg" data-gid="gid://syiq/Photo/327475">The introduction of the Akhir line has the goal of appealing to modern yacht owners while preserving <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a>’s legacy. In line with its mission to innovate, <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a> brought in designer Antonio Luxardo to lead the company’s vision. Luxardo’s challenge was to honour the brand’s heritage while incorporating modern technologies and ensuring minimal environmental impact in production.&nbsp;Investing in innovationDuring the press conference, <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a> CEO Marco Massabò highlighted the journey the company has taken under its new ownership, including the expansion of production facilities, the launch of the Polaris and Saturno lines, and the sale of CdP Custom Division’s first explorer vessel, with design and engineering by Marcelo Penna.The event provided a platform for <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a>, established in 1945 and now owned by Enrico Gennasio, to showcase its achievements and outline its future direction. Since the new management team took over in 2021, they have invested six million euros to expand production facilities, supported by a strong order book of nearly 30 million euros. This investment has allowed for the expansion and modernisation of the shipyard, which now spans 50,000-square-metres, including a 24,000-square-metre refit area.<img src="https://photo-assets.superyachttimes.com/photo/327492/image/large-149722dd28baec4b57780e17f9f7e14f.png" data-gid="gid://syiq/Photo/327492">The shipyard is currently working on six projects, with space for vessels up to 56 metres in length. Notable builds include the <a data-gid="gid://syiq/Yacht/12764" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa 80 Veloce 25.49m (83'8&quot;)Cantieri di Pisa">80 Veloce</a>, a 24-metre yacht made from carbon fibre capable of reaching 60 knots, and a 37.50-metre explorer yacht, which is being developed by the CdP Custom Division and scheduled for launch in 2026.As a result of these ambitious projects, <a data-gid="gid://syiq/Company/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri di Pisa (Company)">Cantieri di Pisa</a> boasts a robust order book for 2024, valued at 27 million euros, which includes 17 million euros in new-builds and 10 million euros in refits. Under the new ownership, the company has seen steady growth, with sales rising from three million euros in 2021 to four million euros in 2023.

Cantieri di Pisa unveils new Akhir 44 model at Cannes Yachting Festival

Cantieri di Pisa introduces the Akhir 44 at Cannes Yachting Festival

Cantieri di Pisa unveils new 44m Akhir 44 model at Cannes Yachting Festival

<a data-gid="gid://syiq/Company/5574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Extra Yachts (Company)">EXTRA Yachts</a> has announced the sale of the first unit of its newly launched 30-metre X100 Triplex model to a European customer. The sale was facilitated by <a data-gid="gid://syiq/Company/5543" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aberton Yachts (Company)">Aberton Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/325643/image/large-69abe6395182459342758f897d2a7ee2.jpg" data-gid="gid://syiq/Photo/325643">The X100 Triplex is designed to offer expansive interior and exterior spaces, prioritising comfort, onboard liveability, fuel efficiency, and long-range cruising capabilities. <a data-gid="gid://syiq/Company/7223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Agon (Company)">Studio Agon</a> crafted the sleek exterior lines, while <a data-gid="gid://syiq/Company/7854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laura Brocchini Design (Company)">Laura Brocchini Design</a> was responsible for the elegant interiors. The yacht's naval engineering was handled in-house by <a data-gid="gid://syiq/Company/5574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Extra Yachts (Company)">EXTRA Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/325625/image/large-53135517edcabc3a45221d0a2433f87a.jpg" data-gid="gid://syiq/Photo/325625">Constructed with a composite hull and superstructure reinforced with carbon, the yacht measures thirty metres in length with a maximum beam of 8.1-metres. This provides interior volumes typical of vessels exceeding forty metres, with a gross tonnage of approximately 260 GT.<img src="https://photo-assets.superyachttimes.com/photo/325636/image/large-e5497b993f5736f7893ec341e9e91b62.jpg" data-gid="gid://syiq/Photo/325636"><img src="https://photo-assets.superyachttimes.com/photo/325630/image/large-0206fc917ebadc4539be7ae927732d77.jpg" data-gid="gid://syiq/Photo/325630">Below deck, the yacht accommodates four double staterooms, each with its own private bathroom. This includes two VIP staterooms with double beds and two with twin beds. The staterooms include a luxurious owner’s suite, which is equipped with large side windows. The crew area, located below deck, includes separate laundry facilities and provides accommodation for five crew members across three staterooms.<img src="https://photo-assets.superyachttimes.com/photo/325626/image/large-ea670253b32bf7bac48dde027cbc3d50.jpg" data-gid="gid://syiq/Photo/325626"><img src="https://photo-assets.superyachttimes.com/photo/325627/image/large-54612ab6187a5220c170bce4a65140dd.jpg" data-gid="gid://syiq/Photo/325627">Among the multiple layout configurations offered, the owner has selected a version featuring a pantry on the main deck and the galley on the upper deck. The main deck includes a spacious indoor lounge area, with the master suite located towards the bow. The master suite includes access to an office, vanity, en-suite bathroom with double sinks and a separate toilet, as well as a large wardrobe.<img src="https://photo-assets.superyachttimes.com/photo/325634/image/large-ce7fa3a61e36fce2a99b0a8a9055c18b.jpg" data-gid="gid://syiq/Photo/325634">One of the standout features is the large floor-to-ceiling windows on both the main and upper decks, which enhance the connection to the outdoors and create a serene sense of immersion in the surrounding marine environment.<img src="https://photo-assets.superyachttimes.com/photo/325607/image/large-4cafedac1f541e84056620d47bebdd94.png" data-gid="gid://syiq/Photo/325607"><img src="https://photo-assets.superyachttimes.com/photo/325625/image/large-53135517edcabc3a45221d0a2433f87a.jpg" data-gid="gid://syiq/Photo/325625">The upper deck features a lounge area with freestanding furniture, offering the owner flexibility in layout. A large bar, sunbathing areas, and a dining table for ten are highlights of the sun deck. It also houses the wheelhouse, galley, and a secondary lounge area, complete with two armchairs, a coffee table, and a formal dining table for ten.<img src="https://photo-assets.superyachttimes.com/photo/325597/image/large-8b2dc64ee2fedd64fbd790d32e99a0b6.png" data-gid="gid://syiq/Photo/325597">The aft garage, situated beneath the sundeck, is equipped to house a four-metre tender, two <a data-gid="gid://syiq/Company/3030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cayago AG / Seabob (Company)">Seabobs</a>, and other accessories.<img src="https://photo-assets.superyachttimes.com/photo/325600/image/large-3c6169faff87f5ef6433e7ecfd214dcc.png" data-gid="gid://syiq/Photo/325600">Powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines delivering 1550 horsepower each, the X100 Triplex reaches a top speed of 15.5 knots and cruises comfortably at 12 knots. An optional configuration with 1800 horsepower <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines is available, offering a maximum speed of 18 knots and a cruising speed of 15 knots.<img src="https://photo-assets.superyachttimes.com/photo/325620/image/large-426800544cdbf3a49892766dbd613dc9.png" data-gid="gid://syiq/Photo/325620">

First 30m EXTRA X100 Triplex motor yacht sold

EXTRA Yachts has announced the sale of the first unit of its newly launched 30-metre X100 Triplex model. The sale was facilitated by Aberton Yachts.

The 29.52-metre <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> motor yacht <a data-gid="gid://syiq/Yacht/5629" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Paloma of London29.52m (96'10&quot;)Sunseeker2009">Paloma of London</a> has been sold in an in-house deal. Dmitry Lyarskii and Denis Khamzatov of <a data-gid="gid://syiq/Company/7121" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nord Star Superyachts (Company)">Nord Star Superyachts</a> represented both the buyer and the seller.<img src="https://photo-assets.superyachttimes.com/photo/288593/image/large-a86c39f1e455638042a0e8e46f4fe7d3.jpeg" data-gid="gid://syiq/Photo/288593">&nbsp;Delivered in 2009 as part of the <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> 30M series, <a data-gid="gid://syiq/Yacht/5629" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Paloma of London29.52m (96'10&quot;)Sunseeker2009">Paloma of London</a> features both exterior and interior design by <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>, with naval architecture by <a data-gid="gid://syiq/Company/353" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Don Shead Yacht Design (Company)">Don Shead Yacht Design</a>. She can accommodate up to eight guests onboard across four staterooms, as well as four crew members, including the captain.<img src="https://photo-assets.superyachttimes.com/photo/288573/image/large-5487744620411050b39d55a4a742157a.jpeg" data-gid="gid://syiq/Photo/288573"><img src="https://photo-assets.superyachttimes.com/photo/288574/image/large-6084545a30d1c340e3c96775fdcb7d31.jpeg" data-gid="gid://syiq/Photo/288574"><img src="https://photo-assets.superyachttimes.com/photo/288577/image/large-8d668f1078f63c9052c5f16e720444f1.jpeg" data-gid="gid://syiq/Photo/288577"><img src="https://photo-assets.superyachttimes.com/photo/288579/image/large-cb869e8c9dfb9e487175e25c391745fe.jpeg" data-gid="gid://syiq/Photo/288579">Inside, <a data-gid="gid://syiq/Yacht/5629" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Paloma of London29.52m (96'10&quot;)Sunseeker2009">Paloma of London</a> features timeless styling, beautiful furnishings, and comfortable seating throughout, creating an elegant and relaxed atmosphere. Her main saloon follows a warm theme, with wooden walls and warm lighting to create a cosy ambience. The saloon is surrounded by large windows which fill the space with natural light while simultaneously providing guests with endless sea views.<img src="https://photo-assets.superyachttimes.com/photo/288591/image/large-26f2b53aa938b039e38040019d183f22.jpeg" data-gid="gid://syiq/Photo/288591"><img src="https://photo-assets.superyachttimes.com/photo/288590/image/large-7365ae3c457293687b6cef208ab1933d.jpeg" data-gid="gid://syiq/Photo/288590"><a data-gid="gid://syiq/Yacht/5629" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Paloma of London29.52m (96'10&quot;)Sunseeker2009">Paloma of London</a> has a GRP hull and superstructure. Performance-wise, She 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 give her a cruising speed of 20 knots and a top speed of 28 knots. At the time of her sale, she had a last known asking price of €3,300,000.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/288596/image/large-0c0e0da22e45fb994c30c5b209823dbb.jpeg" data-gid="gid://syiq/Photo/288596">.

30m Sunseeker motor yacht Paloma of London sold in-house

The 29.52-metre Sunseeker motor yacht Paloma of London has been sold. Nord Star Superyachts represented both the buyer and seller.

The 36.1-metre <a data-gid="gid://syiq/Company/513" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="INACE Yachts (Company)">Inace</a> motor yacht <a data-gid="gid://syiq/Yacht/1693" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zulu36.1m (118'5&quot;)INACE Yachts2009">Zulu</a> is available for sale through <a data-gid="gid://syiq/Company/2989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cecil Wright (Company)">Cecil Wright</a>, with broker Henry Smith, for an asking price of €7,750,000.<img src="https://photo-assets.superyachttimes.com/photo/327011/image/large-c67d311fd859c304aa804ebf56d60f72.jpg" data-gid="gid://syiq/Photo/327011">Launched in 2009, the <a href="https://www.superyachttimes.com/yachts/motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features an exterior and interior design by <a data-gid="gid://syiq/Company/372" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kirschstein Designs Ltd (Company)">Kirschstein Designs</a>.<img src="https://photo-assets.superyachttimes.com/photo/327017/image/large-641499f8dcc437e8749bb39cf4502f37.jpg" data-gid="gid://syiq/Photo/327017"><img src="https://photo-assets.superyachttimes.com/photo/327019/image/large-77f0e7f9fe9fbd881187ae602eb03bd2.jpg" data-gid="gid://syiq/Photo/327019">This <a href="https://www.superyachttimes.com/yachts/inace/for-sale" rel="noopener noreferrer" target="_blank" title="">Inace yacht for sale</a> has a beam of 7.32 metres, a draught of 2.44 metres, and a gross tonnage of 230 GT. <a data-gid="gid://syiq/Yacht/1693" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zulu36.1m (118'5&quot;)INACE Yachts2009">Zulu</a> offers accommodation for up to 10 guests across five staterooms, with additional space for five crew members, including the captain.<img src="https://photo-assets.superyachttimes.com/photo/327032/image/large-a0bd932bc4c782f0a3a8a9f9f5b63ce7.jpg" data-gid="gid://syiq/Photo/327032"><img src="https://photo-assets.superyachttimes.com/photo/327021/image/large-b2102c946d46ab097fd8171e4a3ce489.jpg" data-gid="gid://syiq/Photo/327021"><a data-gid="gid://syiq/Yacht/1693" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zulu36.1m (118'5&quot;)INACE Yachts2009">Zulu’</a>s sundeck is home to a cosy Jacuzzi, surrounded by colourful sunpads, under a sunroof, creating the ideal spot for lounging in the ocean air. Generous seating areas and marble bar, also on this deck, create a social hub from which to take in the ocean views.<img src="https://photo-assets.superyachttimes.com/photo/327056/image/large-0910b52a36063ce149b615fae5340b19.jpg" data-gid="gid://syiq/Photo/327056"><img src="https://photo-assets.superyachttimes.com/photo/327052/image/large-d43df40d57f7928a4a3b8fe5ef36debf.jpg" data-gid="gid://syiq/Photo/327052">The <a href="https://www.superyachttimes.com/yachts/zulu" rel="noopener noreferrer" target="_blank" title="">yacht for sale Zulu</a>’s main and lower decks also have modulable covering for al fresco dining, either in or out of the sun.<img src="https://photo-assets.superyachttimes.com/photo/327045/image/large-6dcd4d56aaa8880192958eb75dc0a4fa.jpg" data-gid="gid://syiq/Photo/327045"><img src="https://photo-assets.superyachttimes.com/photo/327049/image/large-0bd907eb72a4ec5603db741c80f1edce.jpg" data-gid="gid://syiq/Photo/327049">Finally, the <a href="https://www.superyachttimes.com/yachts-for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a>'s generous beach club at the aft also offers easy access for those wishing to enjoy the waves.<img src="https://photo-assets.superyachttimes.com/photo/327062/image/large-e85853cc85d79921912c97146117ec1b.jpg" data-gid="gid://syiq/Photo/327062"><img src="https://photo-assets.superyachttimes.com/photo/327044/image/large-a985dd1d7514ba4ae8b8b31187ee30d7.jpg" data-gid="gid://syiq/Photo/327044"><a data-gid="gid://syiq/Yacht/1693" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zulu36.1m (118'5&quot;)INACE Yachts2009">Zulu</a>’s robust construction includes a steel hull and aluminium superstructure. In terms of propulsion, the motor yacht for sale is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, giving her a top speed of 12 knots.<img src="https://photo-assets.superyachttimes.com/photo/327074/image/large-5286864f8e3ac5366fb4587b7028e8ca.jpg" data-gid="gid://syiq/Photo/327074">

36m Inace motor yacht Zulu for sale

The 36.1-metre Inace yacht Zulu is available for sale through Cecil Wright, with broker Henry Smith, for an asking price of €7,750,000.

The 44.9-metre <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking Rasmussen</a> superyacht <a data-gid="gid://syiq/Yacht/1063" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravado44.9m (147'4&quot;)Abeking & Rasmussen2004">Bravado</a> is for sale in a joint CA with Antoine Larricq of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>, and Ralph de Joode of <a data-gid="gid://syiq/Company/4530" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RYacht Management (Company)">RYacht Management</a>. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> is in turnkey condition having completed a refit in 2024 at the <a data-gid="gid://syiq/Company/4405" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IMS Shipyard (Company)">IMS Shipyard</a> in France. <img src="https://photo-assets.superyachttimes.com/photo/327329/image/large-4c5bc3440d257ec96d207f68d0c023c3.jpg" data-gid="gid://syiq/Photo/327329">Delivered in 2004, <a data-gid="gid://syiq/Yacht/1063" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravado44.9m (147'4&quot;)Abeking & Rasmussen2004">Bravado</a> features exterior design by <a data-gid="gid://syiq/Company/56" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Reymond Langton Design Ltd. (Company)">Reymond Langton Design,</a> while her interior was penned by <a data-gid="gid://syiq/Company/7050" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bizzozero Cassina Architects (Company)">Bizzozero Cassina Architects</a>, with naval architecture by <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a>. <img src="https://photo-assets.superyachttimes.com/photo/327344/image/large-e40c39199f86955af3ded6831d03c97a.png" data-gid="gid://syiq/Photo/327344"><img src="https://photo-assets.superyachttimes.com/photo/327346/image/large-82da5ba002fcae3f71813aa9e99645d9.png" data-gid="gid://syiq/Photo/327346"><img src="https://photo-assets.superyachttimes.com/photo/327349/image/large-e92463e99d30d51164abe247638acf48.png" data-gid="gid://syiq/Photo/327349">She can accommodate up to 12 guests across six staterooms, which include a master suite with a gym on the bridge deck, one VIP suite, two double suites, and two twin suites. <a data-gid="gid://syiq/Yacht/1063" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravado44.9m (147'4&quot;)Abeking & Rasmussen2004">Bravado</a> can also host 11 crew members, including the captain.<img src="https://photo-assets.superyachttimes.com/photo/327343/image/large-e08bf3893f6b943c0b46f857cc422750.png" data-gid="gid://syiq/Photo/327343"><img src="https://photo-assets.superyachttimes.com/photo/327342/image/large-6a34a4bb24fb7c61647eb89298f1ed0d.png" data-gid="gid://syiq/Photo/327342"><img src="https://photo-assets.superyachttimes.com/photo/327341/image/large-8c306beb20facc839de56b740181f22b.png" data-gid="gid://syiq/Photo/327341"><img src="https://photo-assets.superyachttimes.com/photo/327350/image/large-74dd3747a5078d433623b3ab943be165.png" data-gid="gid://syiq/Photo/327350">The <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> features a contemporary-designed saloon, with &nbsp;ample seating and a rectangular coffee table between the sofas. The multitude of windows allows plenty of light, creating a pleasant and bright atmosphere, ideal for socialising.<img src="https://photo-assets.superyachttimes.com/photo/327351/image/large-5c7b35feacf60aeff50d9fa8602365cb.png" data-gid="gid://syiq/Photo/327351"><img src="https://photo-assets.superyachttimes.com/photo/327337/image/large-ab5bc9a3cf2ce50dce9ebf37f746bdec.png" data-gid="gid://syiq/Photo/327337"><img src="https://photo-assets.superyachttimes.com/photo/327339/image/large-bdc32e8c81f017f43a5dfa8bed521b3f.png" data-gid="gid://syiq/Photo/327339"><img src="https://photo-assets.superyachttimes.com/photo/327340/image/large-373431f5b154589c9f10d272b2b198ff.png" data-gid="gid://syiq/Photo/327340">Exterior features on the <a href="https://www.superyachttimes.com/yachts/bravado/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Bravado for sale</a>, include a Jacuzzi on the sundeck, allowing guests to relax while enjoying unobstructed views. The yacht also offers multiple outdoor dining areas, increasing versatility and providing guests with a choice of settings for their meals.<img src="https://photo-assets.superyachttimes.com/photo/327352/image/large-ac8684a096bcea226fa4b3edb3983d30.png" data-gid="gid://syiq/Photo/327352">The <a href="https://www.superyachttimes.com/yachts/abeking-rasmussen/for-sale" rel="noopener noreferrer" target="_blank" title="">Abeking Rasmussen yacht for sale</a> has a steel hull and aluminium superstructure. Performance-wise, she 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 give her a cruising speed of 12 knots and a top speed of 14 knots.<img src="https://photo-assets.superyachttimes.com/photo/327353/image/large-4a3100b05c98bc3a95140942835b3549.png" data-gid="gid://syiq/Photo/327353">

45m Abeking Rasmussen superyacht Bravado for sale

The 44.9-metre Abeking Rasmussen superyacht Bravado is for sale in a joint CA with  Fraser and RYacht Management.

35-metre <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> 115 Sport motor yacht <a data-gid="gid://syiq/Yacht/5671" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maoro35.0m (114'10&quot;)Sunseeker2013">Maoro</a> is on the market with brokers Jeremy Comport and Jack Gradus of <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>.<img src="https://photo-assets.superyachttimes.com/photo/309710/image/large-1176d5f76a7899db6a5bcc119eec3f97.jpg" data-gid="gid://syiq/Photo/309710">Delivered in 2013, the <a href="https://www.superyachttimes.com/yachts/maoro" rel="noopener noreferrer" target="_blank" title="">yacht for sale Maoro</a>, previously named Zozo, was last refitted in 2024. Maoro&nbsp;was last sold in 2021.<img src="https://photo-assets.superyachttimes.com/photo/327179/image/large-c93d8f31cd17b7e8322661fe9e336176.jpg" data-gid="gid://syiq/Photo/327179">Maoro&nbsp;is a flybridge yacht with a grp hull and superstructure. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features exterior and interior design, as well as naval architecture all penned in house by <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>.<img src="https://photo-assets.superyachttimes.com/photo/327190/image/large-0cdfd202f2f37ead722808c50172414b.jpg" data-gid="gid://syiq/Photo/327190"><img src="https://photo-assets.superyachttimes.com/photo/327189/image/large-4602126ba23762646f6707a8c7b18abf.jpg" data-gid="gid://syiq/Photo/327189">The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has a beam of 7.41 metres, a draft of 2.16 metres. With volume of 236 GT she is home to flexible accommodation for up to 10 guests in across five staterooms, which include a main deck master stateroom. <a data-gid="gid://syiq/Yacht/5671" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maoro35.0m (114'10&quot;)Sunseeker2013">Maoro</a> can also accomodate 5 crew members, including the captain.<img src="https://photo-assets.superyachttimes.com/photo/309705/image/large-6a950841129f32a290795dcf1c728acf.jpg" data-gid="gid://syiq/Photo/309705"><img src="https://photo-assets.superyachttimes.com/photo/327185/image/large-8acdf53d220e157244560cb28e574d2e.jpg" data-gid="gid://syiq/Photo/327185">The <a href="https://www.superyachttimes.com/yachts/sunseeker/for-sale" rel="noopener noreferrer" target="_blank" title="">Sunseeker yacht for sale</a> offers a wide array of outdoor spaces for relaxation and entertainment. The flybridge is equipped with a bar, large dining table, and a Jacuzzi, making it ideal for social gatherings. The retractable hard top provides shade when needed, while the foredeck features a spacious sunpad and seating area for al fresco lounging.<img src="https://photo-assets.superyachttimes.com/photo/309696/image/large-9a58ccfcfe0cb0f7b6ea9118593c5214.jpg" data-gid="gid://syiq/Photo/309696"><img src="https://photo-assets.superyachttimes.com/photo/309700/image/large-99ae1fd091f77dafa03fe7b0fe95ad1e.jpg" data-gid="gid://syiq/Photo/309700"><a data-gid="gid://syiq/Yacht/5671" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maoro35.0m (114'10&quot;)Sunseeker2013">Maoro</a>’s garage is designed to store a tender, waverunners, and other water toys, ensuring guests have plenty of options for on-the-water fun.<img src="https://photo-assets.superyachttimes.com/photo/309692/image/large-2f9cf666f31c20b623808892c941fcc9.jpg" data-gid="gid://syiq/Photo/309692"><a href="https://www.superyachttimes.com/yachts/maoro" rel="noopener noreferrer" target="_blank" title="">The yacht for sale Maoro</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 give her a cruising speed of 17 knots and a top speed of 23 knots.<img src="https://photo-assets.superyachttimes.com/photo/309693/image/large-b0d394f317045a2ca3c2d5662f265232.jpg" data-gid="gid://syiq/Photo/309693">

35m Sunseeker Maoro is for sale 

35-metre Sunseeker 115 Sport Maoro is on the market with brokers Jeremy Comport and Jack Gradus of Ocean Independence.

35m Sunseeker motor yacht Maoro for sale with Ocean Independence

<img src="https://photo-assets.superyachttimes.com/photo/327287/image/large-5e5ed399dacffe4083aa315b57365675.jpg" data-gid="gid://syiq/Photo/327287">Spotted yesterday anchored here in Cannes, France during the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival 2024</a>, is the 90.1-metre superyacht <a data-gid="gid://syiq/Yacht/523" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nero90.1m (295'7&quot;)Corsair Yachts2007">Nero</a>. Launched in 2007 by <a data-gid="gid://syiq/Company/495" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Corsair Yachts (Company)">Corsair Yachts</a>, <a data-gid="gid://syiq/Yacht/523" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nero90.1m (295'7&quot;)Corsair Yachts2007">Nero</a>'s exterior, designed by <a data-gid="gid://syiq/Company/1398" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neil Taylor (Company)">Neil Taylor</a>, is adorned with Burmese teak, giving her a vintage feel. Inside, she offers an opulent experience for up to 12 guests, with six staterooms, including an expansive owner's suite styled like a duplex apartment. On deck, guests can enjoy alfresco dining, a five-metre swimming pool, and a Jacuzzi, ensuring the ultimate experience of relaxation and entertainment. The 1,384 GT yacht also features a gym, a library, and a fully-equipped cinema with a drop-down screen, perfect for onboard movie nights. Powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> diesel engines, <a data-gid="gid://syiq/Yacht/523" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nero90.1m (295'7&quot;)Corsair Yachts2007">Nero</a> can reach a top speed of 17 knots, with a cruising speed of 13.5 knots and a range of over 4,500 nautical miles.&nbsp;

90m Corsair superyacht Nero in Cannes

The 90m superyacht Nero, built by Corsair in 2007, is seen anchored here in Cannes, France. 

Taking place between 10 to 15 September 2024, <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival</a> is one of the largest yachting shows in Europe and offers the perfect opportunity to announce the latest news in the industry.&nbsp;SuperYacht Times takes a look at some of the largest announcements from this year’s show, to make sure you are up-to-date with all the latest industry news!You can read more about the <a data-gid="gid://syiq/Article/61185" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachts attending the Cannes Yachting Festival 2024 (2024-08-05 16:30:00 +0200)">yachts attending this year's show here</a>.<img src="https://photo-assets.superyachttimes.com/photo/327083/image/large-51c9cd9e876668d7724d11e86dc7f533.jpg" data-gid="gid://syiq/Photo/327083"><a data-gid="gid://syiq/Article/61455" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft unveils new in-build 32m Majesty 100 Terrace yacht with Phathom Studio (2024-09-12 12:30:00 +0200)">Gulf Craft unveils new in-build 32m Majesty 100 Terrace yacht with Phathom Studio</a><a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> has unveiled the first renderings for the new in-build 32.25-metre <a target="_blank">Majesty 100 Terrace</a> motor yacht. Designed in collaboration with <a data-gid="gid://syiq/Company/5530" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phathom Studio (Company)">Phathom Studio</a>, the <a target="_blank">Majesty 100 Terrace</a> draws on inspiration from the award-winning Majesty 111 model, while reimagining the Majesty 100 platform.<a data-gid="gid://syiq/Article/61455" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft unveils new in-build 32m Majesty 100 Terrace yacht with Phathom Studio (2024-09-12 12:30:00 +0200)">Find out more about the Majesty 100 Terrace yacht here</a>.<a data-gid="gid://syiq/Article/61452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker unveils the new 94 Yacht model (2024-09-12 12:00:00 +0200)"><img src="https://photo-assets.superyachttimes.com/photo/327120/image/large-0dbd2fbef09856719498a8bac0733d7c.jpg" data-gid="gid://syiq/Photo/327120">Sunseeker unveils the new 94 Yacht model</a><a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> has announced the launch of the 94 Yacht at the 2024 <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival</a>. The <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> 94 Yacht is conceived as a tranquil retreat, featuring a new interior aesthetic distinguished by a unique, carefully selected palette from <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>.<a data-gid="gid://syiq/Article/61452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker unveils the new 94 Yacht model (2024-09-12 12:00:00 +0200)">Discover more about the Sunseeker 94 yacht here.</a><img src="https://photo-assets.superyachttimes.com/photo/327205/image/large-ba17d55b37d1db25a59319dda87a7db6.jpg" data-gid="gid://syiq/Photo/327205"><a data-gid="gid://syiq/Article/61451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CdM announces 31m Giorgio Cassetta RAW explorer yacht with first hull sold (2024-09-12 10:30:00 +0200)">CdM announces 31m Giorgio Cassetta RAW explorer yacht with first hull sold</a><a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a> has unveiled the first renderings of a new 31.08-metre explorer yacht model, RAW. Described by <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> as the first model in the new RAW series, the tri-deck yacht has been designed in collaboration with designer Giorgio M. Cassetta of <a data-gid="gid://syiq/Company/4478" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cassetta Yacht Designers (Company)">Cassetta Yacht Designers</a>. <a data-gid="gid://syiq/Article/61451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CdM announces 31m Giorgio Cassetta RAW explorer yacht with first hull sold (2024-09-12 10:30:00 +0200)">Find out more about RAW here</a>.<img src="https://photo-assets.superyachttimes.com/photo/326764/image/large-b92c0525ce9f63b22451bcee993029fb.jpg" data-gid="gid://syiq/Photo/326764"><a data-gid="gid://syiq/Article/61441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts unveils new flagship Ultima 111 yacht with Phathom Studio (2024-09-11 10:00:00 +0200)">Sunreef Yachts unveils new flagship Ultima 111 yacht with Phathom Studio</a> <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef Yachts</a> has unveiled a new flagship Ultima model at the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival 2024</a>, the Ultima 111. Designed in collaboration with <a data-gid="gid://syiq/Company/5530" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phathom Studio (Company)">Phathom Studio</a>, the new catamaran is one of just a handful in the <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> portfolio that features design outside of the company’s in-house team.<a data-gid="gid://syiq/Article/61441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts unveils new flagship Ultima 111 yacht with Phathom Studio (2024-09-11 10:00:00 +0200)">Read more about the Ultima 111 yacht here</a>. <img src="https://photo-assets.superyachttimes.com/photo/326870/image/large-4ff7b0fb8b27ea2483aeb2380b7d1e3d.png" data-gid="gid://syiq/Photo/326870"><a data-gid="gid://syiq/Article/61445" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Austin Parker unveils the design of the new 30m navetta ICONICA 100 (2024-09-11 13:45:00 +0200)">Austin Parker unveils the design of the new 30m navetta Iconica 100</a><a data-gid="gid://syiq/Company/5681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Austin Parker Yachts (Company)">Austin Parker</a> introduced the Iconica 100, the latest addition to its new range of yachts at <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival 2024</a>. All models are developed in collaboration with <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina</a> and <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Design Studio</a>, with the Iconica 100 unveiled during the show.Discover more about the <a data-gid="gid://syiq/Article/61445" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Austin Parker unveils the design of the new 30m navetta ICONICA 100 (2024-09-11 13:45:00 +0200)">new series here</a>.<a data-gid="gid://syiq/Article/61450" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut|Benetti Group reports 55% revenue growth since 2020 (2024-09-11 18:15:00 +0200)"><img src="https://photo-assets.superyachttimes.com/photo/296190/image/large-463b0553fa710aae2473780ce9247995.jpg" data-gid="gid://syiq/Photo/296190">Azimut|Benetti Group reports 55% revenue growth since 2020</a>During the <a data-gid="gid://syiq/Article/61450" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut|Benetti Group reports 55% revenue growth since 2020 (2024-09-11 18:15:00 +0200)">Azimut|Benetti Group</a> press conference at <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival 2024</a>, the shipyard disclosed its financial results for the past yachting season, with figures confirming a steady upward trend. &nbsp;<a data-gid="gid://syiq/Article/61450" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut|Benetti Group reports 55% revenue growth since 2020 (2024-09-11 18:15:00 +0200)">Find out more about the results here</a>. <img src="https://photo-assets.superyachttimes.com/photo/326471/image/large-57f1ee80e6deea578ad38974f57ac284.jpg" data-gid="gid://syiq/Photo/326471"><a data-gid="gid://syiq/Article/61425" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Interiors of Almax unveiled, Sanlorenzo’s methanol fuel cell yacht (2024-09-10 08:30:00 +0200)">Interiors of Almax unveiled, Sanlorenzo’s methanol fuel cell yacht</a>The first interior images of the groundbreaking 49.99-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> superyacht <a data-gid="gid://syiq/Yacht/11733" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almax49.99m (164'0&quot;)Sanlorenzo2024">Almax</a> were unveiled at the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival 2024</a>. Launched as part of the 50Steel series, <a data-gid="gid://syiq/Yacht/11733" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Almax49.99m (164'0&quot;)Sanlorenzo2024">Almax</a> is the first superyacht in the world to feature a green methanol fuel cell system, developed by the shipyard in collaboration with <a data-gid="gid://syiq/Company/1981" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Siemens (Company)">Siemens Energy</a>.You can <a data-gid="gid://syiq/Article/61425" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Interiors of Almax unveiled, Sanlorenzo’s methanol fuel cell yacht (2024-09-10 08:30:00 +0200)">see all the images of Almax here</a>.<a data-gid="gid://syiq/Article/61428" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo plans to acquire Viareggio shipyard for new 40m Nautor Swan yacht (2024-09-10 10:45:00 +0200)"><img src="https://photo-assets.superyachttimes.com/photo/326529/image/large-6ee3e933ce2f68982afaac99e4bf3877.jpg" data-gid="gid://syiq/Photo/326529">Sanlorenzo plans to acquire Viareggio shipyard for new Nautor Swan maxi yacht</a><a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> is negotiating the acquisition of a shipyard in Viareggio, where it plans to build a new <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> maxi yacht. <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> also plans to extend production beyond 40-metres, using aluminium at the new yard.Find out <a data-gid="gid://syiq/Article/61428" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo plans to acquire Viareggio shipyard for new 40m Nautor Swan yacht (2024-09-10 10:45:00 +0200)">more about the plans here</a>.<img src="https://photo-assets.superyachttimes.com/photo/326707/image/large-c3976a8885eac83f845146d17853cd61.jpg" data-gid="gid://syiq/Photo/326707"><a data-gid="gid://syiq/Article/61435" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group reveals plan for 25 new models between 2024 and 2026 (2024-09-10 16:30:00 +0200)">Ferretti Group reveals plan for 25 new models between 2024 and 2026</a>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 announced at the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival 2024</a>, that it will be introducing 25 new models to its portfolio from 2024 to 2026. These models will be introduced across the company's seven brands, which include <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, <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/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/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> and <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>.<a data-gid="gid://syiq/Article/61435" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group reveals plan for 25 new models between 2024 and 2026 (2024-09-10 16:30:00 +0200)">Learn more about the models here</a>.<a data-gid="gid://syiq/Article/61433" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts unveils the new 27m Princess X90 model (2024-09-10 15:00:00 +0200)"><img src="https://photo-assets.superyachttimes.com/photo/326661/image/large-1eb14481e335c289aa5afbd4759cf48c.jpg" data-gid="gid://syiq/Photo/326661">Princess Yachts unveils the new 27m Princess X90 model</a><a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> has unveiled first renderings of its new 27-metre <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> X90 model, which plans to expand on its current X class range. This latest addition serves as an alternative to the X80 and the flagship X95 Vista.Read more about the <a data-gid="gid://syiq/Article/61433" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts unveils the new 27m Princess X90 model (2024-09-10 15:00:00 +0200)">Princess X90 yacht here</a>.<a data-gid="gid://syiq/Article/61437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doggersbank unveils two new explorer models (2024-09-10 18:15:00 +0200)"><img src="https://photo-assets.superyachttimes.com/photo/326712/image/large-605e9a25822c8b4e1fa77271ad9a6e06.jpg" data-gid="gid://syiq/Photo/326712">Doggersbank unveils two new explorer models</a>Doggersbank, in partnership with its European partner <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>, has unveiled two new additions to its explorer series at the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival</a>: the Doggersbank 90 Offshore and 105 Offshore.Explore more about the <a data-gid="gid://syiq/Article/61437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doggersbank unveils two new explorer models (2024-09-10 18:15:00 +0200)">Doggersbank 90 Offshore and 105 Offshore here</a>.

Everything you might have missed from Cannes Yachting Festival 2024

SuperYacht Times takes a look at some of the largest announcements from Cannes Yachting Festival 2024, to make sure you are up-to-date.

Day 3: Everything you might have missed from Cannes Yachting Festival 2024

The 26.7-metre <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert</a> sailing yacht <a data-gid="gid://syiq/Yacht/4233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Babe Ruth26.7m (87'7&quot;)Jongert Yachts2003">Babe Ruth</a>, previously named Sea Rose Star, has been sold in-house. Manfred Haas of <a data-gid="gid://syiq/Company/1280" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Haas International (Company)">Haas International</a> represented both the buyer and the seller. <img src="https://photo-assets.superyachttimes.com/photo/251217/image/large-962ebe999f6832a2882a68fafb7a52f3.jpeg" data-gid="gid://syiq/Photo/251217">Delivered in 2003, <a data-gid="gid://syiq/Yacht/4233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Babe Ruth26.7m (87'7&quot;)Jongert Yachts2003">Babe Ruth</a> features both exterior design and naval architecture by <a data-gid="gid://syiq/Company/342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doug Peterson (Company)">Doug Peterson</a>, while her interior was penned by <a data-gid="gid://syiq/Company/445" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Peter Sijm (Company)">Peter Sijm</a>. She can accommodate up to six onboard across three staterooms, as well as three crew members, including the captain.<img src="https://photo-assets.superyachttimes.com/photo/251227/image/large-bf9314c82617534565a444e4e3a9d93b.jpeg" data-gid="gid://syiq/Photo/251227"><img src="https://photo-assets.superyachttimes.com/photo/251228/image/large-6b2d84162ca6f3e8fabc5a10f5b8a9bd.jpeg" data-gid="gid://syiq/Photo/251228"><a data-gid="gid://syiq/Yacht/4233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Babe Ruth26.7m (87'7&quot;)Jongert Yachts2003"><img src="https://photo-assets.superyachttimes.com/photo/251229/image/large-6e39275d705907fc650ac9a51f1cb083.jpeg" data-gid="gid://syiq/Photo/251229">Babe Ruth</a> has an aluminium hull and superstructure. Performance-wise, she is powered by a single <a data-gid="gid://syiq/Company/1470" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scania (Company)">Scania</a> engine, which gives her a cruising speed of 9 knots and a top speed of 10.5 knots. <img src="https://photo-assets.superyachttimes.com/photo/251226/image/large-4cbc5ebc559dc28435b5f59c8c3bbb63.jpeg" data-gid="gid://syiq/Photo/251226"><img src="https://photo-assets.superyachttimes.com/photo/251225/image/large-d84bc248e9983b001b383c274e3718f8.jpeg" data-gid="gid://syiq/Photo/251225"><img src="https://photo-assets.superyachttimes.com/photo/251222/image/large-af1d49be1f2e1068a9daee857915c936.jpeg" data-gid="gid://syiq/Photo/251222"> She had a last known asking price of €2,000,000.<img src="https://photo-assets.superyachttimes.com/photo/251218/image/large-d18422356650658ad178528c90639796.jpeg" data-gid="gid://syiq/Photo/251218">

27m Jongert sailing yacht sold in-house

The 26.7-metre Jongert sailing yacht Babe Ruth has been sold, with Haas International representing both the buyer and the seller.