Following the recent death of His Royal Highness The Prince Philip, Duke of Edinburgh, rumour has it that the British Government wants to construct a new Royal Yacht in Prince Philip's honour. With an estimated cost of £200 million, the news has certainly caused a splash.SuperYacht Times takes a look at the history of the Royal Yacht Britannia and its impressive superstructure, while noting new design concepts from the likes of <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> about a successor yacht, about which rumours have abounded for some time.<img src="https://photo-assets.superyachttimes.com/photo/193964/image/large-ea7371184bebcef9e77d229a91433af4.jpeg" data-gid="gid://syiq/Photo/193964">Following the decommission in 1939 of the Victoria &amp; Albert III, Britannia’s predecessor and first Royal Yacht not powered by sail, it was decided that a new Royal Yacht should be commissioned to travel the globe in both tropic and arctic waters, whilst doubling as a hospital ship in case of war.In 1952, the Royal contract was given to the world-famous <a data-gid="gid://syiq/Company/1653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="John Brown & Sons (Company)">John Brown &amp; Co</a> shipyard in Clydebank, Scotland, by the Admiralty. Commissioned with dual purpose in mind, Britannia’s designs had to be developed simultaneously for both Royal Yacht and hospital ship roles, with the best arrangements to meet both requirements. To help with this grand task, <a data-gid="gid://syiq/Company/1653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="John Brown & Sons (Company)">John Brown &amp; Co</a> appointed A. McInnes Gardner &amp; Partners as their decorative architects for Britannia’s interior.<img src="https://photo-assets.superyachttimes.com/photo/193962/image/large-c5814d40539196b3468cdc26bf29a85d.jpeg" data-gid="gid://syiq/Photo/193962">Despite being a Royal Yacht for the Queen, Britannia was fitted with ship stabilisers, air-conditioning units, large 24-hour laundry facilities, and comparatively high speeds in case of her conversion to hospital ship. Under this pretense, she could accommodate up-to 200 patients.Britannia was given a modern appearance with a clipper bow and modified cruiser stern, moving away from the more traditional appearance associated with Royal Yachts of swan bow’s and counter sterns. She was, however, built with the three mast requirements of a Royal Yacht, where the Royal Standard is worn at the Main, the Flag of the Lord High Admiral at the Fore, and the Union Flag at the Mizzen.<img src="https://photo-assets.superyachttimes.com/photo/193965/image/large-69dffd840e87313abfa5d746fdbb3e39.jpeg" data-gid="gid://syiq/Photo/193965">The 126-metre Royal Yacht Britannia, weighing 5769 GT, was powered by 12,000 shaft horsepower engines enabling her to reach speeds of 22.75 knots, or a seagoing cruising speed of 21 knots. Including extra tank capacity, she could carry 490 tons of oil fuel and 195 tons of fresh water, sufficient for long ocean voyages.The royal apartments, located on the shelter deck, featured a veranda leading onto a sun deck, with a staircase leading to the upper deck where Her Majesty and His Majesty had sitting rooms, a grand dining-room hosting up-to 56 guests and a drawing room, with the possibility of opening all areas into one large reception space. On the main deck were the household and guest staterooms, while royal staff are accommodated on the lower deck.<img src="https://photo-assets.superyachttimes.com/photo/193963/image/large-54008215f77af2eefb087467cca15b86.jpeg" data-gid="gid://syiq/Photo/193963">The Royal Yacht Britannia was captained by the Admiral, who was in charge of some 19 officers and 220-250 yachtsmen on board. Whilst Britannia was designed as the Queen’s personal ship, she served multiple purposes and was used for royal honeymoons, state functions, ambassador to British business - hosting world-leading business and political figures to promote trade and industry around the globe - and even helped evacuate British nationals and others from Aden, South Yemen in 1986 following an outbreak of civil war.<img src="https://photo-assets.superyachttimes.com/photo/193967/image/large-742afd6d0cd962947360a7e1b17c6406.jpeg" data-gid="gid://syiq/Photo/193967"><img src="https://photo-assets.superyachttimes.com/photo/193961/image/large-124d405ff2167fc6d173cc9c69fa099d.jpeg" data-gid="gid://syiq/Photo/193961">After Britannia’s launch in April 1953, her final touches were added and she began sea trials in November 1953 off the West Coast of Scotland. Upon successful completion, she was commissioned into the Royal Navy on 11 January, 1954.Before her decommission in 1997 by the sitting British Government at the time, Britannia made over 696 foreign visits to over 135 countries, and 272 visits in British waters, steaming over 1,087,623 nautical miles, equivalent to round the world once every year of her service. She is now permanently berthed in Edinburgh, open for tourists to view.<img src="https://photo-assets.superyachttimes.com/photo/193966/image/large-afc4660044e9c97601f557bd406d9c1f.jpeg" data-gid="gid://syiq/Photo/193966">Since 1997, there have been multiple new yacht concepts, outlining a potential design for a future Royal Yacht. These discussions have since picked up pace following His Majesty’s death. In 2016, British studio <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> revealed its designs - initially launched in 1997 - for a successor to the Royal Yacht Britannia. The new-design superyacht would be 150-metres in length, and feature a red hull, navy topside, and white superstructure to look suitably patriotic. Key features would include an aft-deck helipad, superyacht staircase into the foyer, and additional interior space with a timeless design to accommodate grand parties.<img src="https://photo-assets.superyachttimes.com/photo/193960/image/large-3a5de5b77cb55d63f784d10b9398219f.jpg" data-gid="gid://syiq/Photo/193960"><img src="https://photo-assets.superyachttimes.com/photo/193959/image/large-24c22077cb1d123ec78621278577890f.jpg" data-gid="gid://syiq/Photo/193959"><img src="https://photo-assets.superyachttimes.com/photo/193958/image/large-52b1eeff200250913bd2b4f2908fc1b6.jpg" data-gid="gid://syiq/Photo/193958">Only time will tell if we may, one day, see a new Royal Yacht.

Royal Yacht Britannia in history

Royal yacht Britannia staircase interior design

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Royal yacht Britannia yacht exterior design

Royal yacht Britannia profile rendering

Royal yacht Britannia guests

Royal yacht Britannia at NYE

Royal yacht Britannia dining

Royal yacht Britannia as museum in Leith 

Royal yacht Britannia at night 

Royal yacht Britannia in Sydney

Royal yacht Britannia crew 

Following the recent death of Prince Philip, The Duke Of Edinburgh, SuperYacht Times takes a look at the history of Royal Yacht Britannia

Royal Yacht Britannia: A look back in history

Spanish refit and repair specialist <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a> has announced the appointment of Enrique Tintore as its new Commercial Director.<img src="https://photo-assets.superyachttimes.com/photo/397920/image/large-eafb40a43f57108f116704f5b6a5a5fb.jpg" data-gid="gid://syiq/Photo/397920">Tintore joins the Palma-based shipyard with a background in Marine Engineering and Naval Architecture, bringing extensive technical expertise and experience within the international superyacht sector.Prior to joining <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a>, Tintore spent nearly a decade at <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>, where he was involved in the development and delivery of several innovative projects across the company's yacht portfolio, including the first Xplorer 60 yacht <a data-gid="gid://syiq/Yacht/11078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You60.2m (197'6&quot;)Damen Yachting2025">After You</a> and her YS53 yacht support <a data-gid="gid://syiq/Yacht/12677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emotional53.25m (174'8&quot;)Damen Yachting2025">Emotional</a>.&nbsp;Read more: <a data-gid="gid://syiq/Article/64071" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting completes double delivery with Xplorer 60 After You and YS53 Emotional (2025-08-21 11:30:00 +0200)">Damen Yachting completes double delivery with Xplorer 60 After You and YS53 Emotional</a><img src="https://photo-assets.superyachttimes.com/photo/333944/image/large-076b8d514006d5235b5d3cf442ea37e6.jpg" data-gid="gid://syiq/Photo/333944">In his new role, Tintore will support <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a>'s commercial activities and strategic development as the shipyard continues to expand its position within the global superyacht refit and maintenance market.Founded in 1942, <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a> is one of the Mediterranean's leading refit facilities, providing maintenance, repair and conversion services for superyachts and commercial vessels from its facilities in Palma de Mallorca.

Enrique Tintore appointed as Commercial Director at Astilleros de Mallorca

Astilleros de Mallorca has announced the appointment of Enrique Tintore as its new Commercial Director.

Astilleros de Mallorca appoints Enrique Tintore as Commercial Director

<a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata Group’s</a> 28-metre foiling yacht, <a data-gid="gid://syiq/YachtModel/17195" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler Ghost28.0m (91'10&quot;)">Ghost</a>, will be built at the company’s new Abu Dhabi headquarters and manufacturing facility. The expansion has been announced alongside a $20 million investment in advanced production technology.<img src="https://photo-assets.superyachttimes.com/photo/378710/image/large-1fe37a7ffb6584ffd857ab156ba7776b.jpg" data-gid="gid://syiq/Photo/378710">The UAE-based manufacturer said the waterfront site will strengthen its ability to test and manufacture next-generation products, including <a data-gid="gid://syiq/YachtModel/17195" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler Ghost28.0m (91'10&quot;)">Ghost</a>. She was unveiled at the Abu Dhabi International Boat Show last year and is scheduled for launch in 2029.Read: <a data-gid="gid://syiq/Article/64805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler unveils 28m foiling yacht concept Ghost (2025-11-20 14:30:00 +0100)">Foiler unveils 28m foiling yacht concept Ghost</a>Located along 200 metres of waterfront, the new complex will be equipped with high-precision robots, gantry systems, micron-accuracy machines, and metal 3D-printing technology, supporting <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata's</a> expansion into advanced marine, aerospace, and industrial manufacturing.<img src="https://photo-assets.superyachttimes.com/photo/378707/image/large-265679a4fb63b863fa0c56522f57ed7a.jpg" data-gid="gid://syiq/Photo/378707">The move follows the company’s strategic partnership with Ajyal Holding. <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata Group</a> CEO Aloïs Vieujot commented on the expansion: "We are very proud to be moving our headquarters to Abu Dhabi. This move will expand our capabilities and capacity, and reinforces our commitment to the UAE. It also reflects the resilience of the Emirates, demonstrated time and again.”One of the key features of the 100,000-square-metre complex will be dry dock and refit capabilities for yachts of up to 60-metres, alongside facilities for other vessel types. More than 20,000-square-metres will be dedicated to marine production.<img src="https://photo-assets.superyachttimes.com/photo/378709/image/large-fdd71e2c0e5a46f9e357291dae6c5c09.jpg" data-gid="gid://syiq/Photo/378709">Moreover, the site will also house <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata’s</a> engineering and R&amp;D facilities, as well as dedicated areas for composite manufacturing, machinery, aerospace production, automotive production, and a guest experience centre. An academy and dedicated incubator space also aims to support the UAE's industrial growth and innovation across <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata’s</a> core sectors.<img src="https://photo-assets.superyachttimes.com/photo/378706/image/large-900c80410be97019a0d30f4cc2d14b86.jpg" data-gid="gid://syiq/Photo/378706">“We will place strong emphasis on innovation and partnerships through our incubator and academy, which will open within the new site to accelerate growth in the aerospace and marine industries," Aloïs concluded.Construction of the complex is scheduled to begin in summer 2026, with completion expected in 2027.

Enata new Abu Dhabi complex

Enata Group's 28-metre foiling yacht, Ghost, will be built at the company's new Abu Dhabi headquarters and manufacturing facility.


28m foiling yacht Ghost to be built in Enata’s new Abu Dhabi facility

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. <img src="https://photo-assets.superyachttimes.com/photo/397066/image/large-cec8e87de7ad8613fc332951b5703d7a.jpg" data-gid="gid://syiq/Photo/397066">Last month, Czech investor KKCG Maritime submitted a request to the Italian government following Chinese shareholder Weichai Group’s decision to end CEO Alberto Galassi's 12-year tenure and replace him with Stassi Anastassov during the company’s Annual General Meeting held on 15 May 2026.Read more: <a data-gid="gid://syiq/Article/66099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions (2026-05-15 16:30:00 +0200)">Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions</a><img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. “The problem is not a fact-based problem,” explained Stassi Anastassov during a press briefing in Milan.“Nothing has really changed. I am as independent as the previous CEO was. I am totally happy if there is an investigation because there is nothing and we would support any fact-finding.”The Board of Directors appointed Anastassov, alongside Tan Ning as Chairman of the Board, Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer as minority shareholder representing Azùr a.s.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.Anastassov said the company has decided to shut down its small defence business in ⁠2024 on the basis of a unanimous decision of the previous board. “We are not actively selling anything sensitive today and there is no order intake.”

Ferretti Group denies breaching Italy’s golden power rules

Ferretti Group has rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. 

Ferretti Group denies allegations of breaching Italy’s golden power rules

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

US court dismisses antitrust lawsuit against Boats Group

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

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has denied rumours that they had a possible interest in acquiring <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a>.<img src="https://photo-assets.superyachttimes.com/photo/397066/image/large-cec8e87de7ad8613fc332951b5703d7a.jpg" data-gid="gid://syiq/Photo/397066">According to the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, press articles had reported that they were in negotiations with <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> to acquire the entire share capital or the main assets. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> clarified that at present no negotiations to that effect are underway with <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> or its shareholders.“At the same time, as a leading player in the Italian yachting industry and in line with its external growth strategy, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> continuously evaluates and assesses potential opportunities that may arise in the market,” commented <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</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> closed their statement by confirming that if they were to proceed with any transactions, it would inform the market in compliance with terms and conditions required by law.In February 2026, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that Chairman Filippo Menchelli and Vice Chairman Marco Carniani had resigned, with Giovanni Costantino elected as Chairman of the Board of Directors.The following week, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> launched a forensic investigation into internal overspending and financial irregularities. KPMG was appointed to conduct an independent forensic due diligence review, as a result of the actions made possible by a group of individuals within <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>.&nbsp;Since then, the Court of Florence has granted protective measures restricting creditors from initiating or continuing enforcement actions against the company’s assets, including vessels currently under construction. Last week, these measures were partially lifted for five shipowners.Read more: <a data-gid="gid://syiq/Article/66308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Florence court lifts protective measures for five The Italian Sea Group yacht contracts (2026-06-11 10:00:00 +0200)">Florence court lifts protective measures for five The Italian Sea Group yacht contracts</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> is not the only company that has denied acquisition rumours for TISG. In March 2026, German yacht builder <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> told SuperYacht Times that <a data-gid="gid://syiq/Article/65574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen not considering acquiring The Italian Sea Group (2026-03-09 14:00:00 +0100)">the company had not considered acquiring TISG</a>.&nbsp;

Ferretti Group denies The Italian Sea Group acquisition rumours

Italian yacht builder Ferretti Group has denied rumours that they had a possible interest in acquiring The Italian Sea Group (TISG).

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

KKCG Maritime challenges Ferretti Group board appointments in court

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

Ferretti shareholder KKCG Maritime challenges board appointments in court

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has announced that the Court of Florence has partially lifted protective measures for five shipowners, following the company's ongoing negotiated crisis settlement procedure.<img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">On 16 March, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that it had initiated a negotiated settlement procedure under Italian Legislative Decree No. 14/2019, following internal financial irregularities. This legal framework aimed to enable them to restructure, while continuing to operate under the supervision of an independent expert.Following this, on 20 April, the Court of Florence granted protective measures for a maximum period of four months, restricting creditors from initiating or continuing enforcement actions against the company’s assets, including vessels currently under construction.The court also confirmed that these protective measures extended to shipowners, which prevented them from terminating their contracts of yachts currently under construction during the proceedings.The Court of Florence has now issued an order upholding the appeals filed by five shipowners which prevented them terminating their contracts. With respect to them it was also found that they were unable to exercise the other rights provided under their contracts.&nbsp;The court found that the yachts could not be covered by the protective measures because they were neither assets of the company, nor assets instrumental to its business operations.Read more:&nbsp;<a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a><img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">The ruling also determined that the shipowners were not creditors against whom such measures could be applied and their right to obtain performance under the pending contract could not be satisfied through enforcement or interim measures.The order applies exclusively to the five shipowners who filed the appeals and has no effect on the other shipowners or creditors, with the previous measures remaining in effect for the duration already established by the Court.&nbsp;TISG also stated that these measures do not affect the ongoing negotiations with its main stakeholders, including shipowners, suppliers and financial institutions, as part of the company's economic and financial rebalancing plan which is currently in progress.The company also stated that, with regard to the affected shipowners, the substance of the contractual relationships remains unchanged despite the lifting of the protective measures.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> said it will continue to provide updates on developments relating to the procedure and any further initiatives undertaken in accordance with applicable regulations.

TISG: Florence court removes protections affecting five yacht contracts

A Florence court has partially lifted protective measures affecting five yacht contracts linked to TISG's ongoing negotiated settlement procedure.

Florence court lifts protective measures for five The Italian Sea Group yacht contracts

Industry veterans Adam Papadakis and Kurt Fraser have announced the launch of <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>. According to the founders, it is "a new superyacht brokerage and advisory house combining traditional yachting expertise with a connected and intelligence-led approach to navigating the superyacht market."Headquartered in Monaco and serving an international client base, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> offers a full suite of brokerage, charter, yacht management and consultancy services, positioning itself as a long-term partner across every stage of the yachting journey.<img src="https://photo-assets.superyachttimes.com/photo/396755/image/large-03eb586a20f98c7bb1b9bab73768aced.png" data-gid="gid://syiq/Photo/396755">The company is led by Founder and CEO Adam Papadakis, whose career spans more than 25 years at some of the industry's most recognised brokerage houses. Throughout his career, Adam has advised clients on significant yacht transactions, new build projects and refits, building long-standing client relationships and helping drive the commercial success of some of the industry's most respected brands. Widely respected for his discretion, strategic insight and meticulous execution, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> reflects his belief that exceptional client outcomes are achieved through independent advice and deep market understanding.Joining him as Founding Executive and CCO is Kurt Fraser, a strategist, creative leader and international business executive whose career spans more than 25 years across the superyacht, luxury lifestyle, resort development and marina sectors. Throughout his career, Kurt has driven business transformation and contributed to the growth and commercial success of a number of leading yachting brands. He believes <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>'s performance-driven model is uniquely aligned with the expectations of both established yacht clients and a new generation of owners seeking greater transparency, responsiveness and long-term value.While the launch of independent brokerage houses is not uncommon within the superyacht sector, the pairing of Adam and Kurt brings together two distinctly complementary areas of expertise. Combining deep brokerage experience with proven strategic, creative and commercial leadership, the duo have built a business founded on both reputation and capability.Their partnership reflects a broader shift within the industry, where clients increasingly seek the agility, transparency and personalised approach often associated with boutique brokerage houses, without sacrificing the expertise and international reach traditionally offered by larger organisations. In this respect, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> blends established industry knowledge with a more modern, insightful and adaptable approach to yacht brokerage.A strategic advisory approachAccording to the Founding team, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> has been established in response to increasing fragmentation across the yachting experience, with clients often relying on multiple service providers and disconnected sources of information, or larger organisations whose structures can inhibit a truly performance-driven approach."Rather than concentrating solely on transactional brokerage activity, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> will work closely with clients to develop personalised yachting strategies that reflect their lifestyle objectives and long-term aspirations. Whether a client's journey begins with charter, evolves into yacht ownership, or encompasses the management and optimisation of an existing asset, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>’s objective is to ensure that every stage of the experience is aligned with their individual expectations, priorities and goals.""The superyacht industry has always been relationship-driven and that will never change," said Adam. "However, clients today require more than access and execution. Better insight and better intelligence leads to better decisions and better experiences. This is the role <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> intends to fill as trusted partners to our clients.”<a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>’s approach combines traditional brokerage expertise with strategic advisory and a deeper understanding of the factors that influence successful outcomes. The Founders believe that clients increasingly benefit from objective guidance, greater market visibility and a more integrated approach to decision-making. By bringing these elements together, the company aims to support clients across the full spectrum of yachting activities, from charter and acquisition through to ownership, management and eventual disposition.

Launch of Matterhorn yacht brokerage

Industry veterans Adam Papadakis and Kurt Fraser have announced the launch of Matterhorn, a new superyacht brokerage and advisory house.

Adam Papadakis and Kurt Fraser launch Matterhorn

<a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a> has announced that it has agreed upon a lease of construction facilities within the Maritime Industry and Business Park Volkswerft Stralsund in Germany. <img src="https://photo-assets.superyachttimes.com/photo/395892/image/large-3ca38fdddd01e9ee25c8a081829cb148.jpg" data-gid="gid://syiq/Photo/395892">Located in the Hanseatic city of Stralsund, Volkswerft Stralsund the 34-hectare site was purchased by the city in February 2022, with the council working to develop it into a maritime industrial and commercial park.The Maritime Industrial and Commercial Park Volkswerft is already home to around 20 companies and offers extensive hall space, heavy-lift capabilities of up to 1,000 tonnes, direct water access and a highly skilled regional workforce.<img src="https://photo-assets.superyachttimes.com/photo/395889/image/large-a9056b5f718fa19673449bfbc198222e.jpg" data-gid="gid://syiq/Photo/395889">“Stralsund offers exactly the kind of environment we were looking for,” explained Henning Dörries, CEO of <a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a>. “This is more than simply additional space, itis about creating the right environment to deliver ambitious projects efficiently and effectively.”Volkswerft Stralsund offers 97,000 square-metres of hall space, 32,000 square-metres of equipped office space and 24,00 square-metres of equipped workshop space and offers access via road, rail and inland/sea shipping.<img src="https://photo-assets.superyachttimes.com/photo/395893/image/large-0f32488cbf3c13ffc99a8b3423fba5fc.jpg" data-gid="gid://syiq/Photo/395893">“We are proud to welcome their success and expertise in the superyacht sector to our maritime industrial and commercial park,” said Volkswerft Stralsund. “Our facilities offer ideal conditions for conversion and new-build projects.”“The combination of infrastructure, expertise and maritime heritage available in Stralsund makes it a natural fit for our future plans,” concluded Dörries.<a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a> has unveiled several superyacht concepts over the years, including the 75-metre <a data-gid="gid://syiq/Article/64397" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts & Phathom Studio unveil 75m superyacht concept Alyra (2025-10-02 14:45:00 +0200)">Alyra</a> designed by <a data-gid="gid://syiq/Company/5530" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phathom Studio (Company)">Phathom Studio</a> and the 115.2-metre <a data-gid="gid://syiq/Article/61224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First Look: Dörries Yachts unveils 115m H2-designed superyacht concept Zephyr (2024-08-12 11:15:00 +0200)">Zephyr</a> yacht designed by <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2 Yacht Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/395888/image/large-55c7722186f293194a8fedc63a57e1bb.jpg" data-gid="gid://syiq/Photo/395888">

Dörries Yachts construction facilities at Volkswerft Stralsund

Dörries Yachts has announced that it has agreed upon a lease of construction facilities at Volkswerft Stralsund in Germany.

Dörries Yachts agrees lease for new shipyard in Germany

A new international association for naval architects, exterior and interior designers operating in the superyacht sector has been formally launched, called the <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">Superyacht Design and Naval Architecture Association (SYDNA)</a>.<img src="https://photo-assets.superyachttimes.com/photo/395084/image/large-ea7330f65bc3a99734a2919387e86bc7.jpeg" data-gid="gid://syiq/Photo/395084">Launched by Executive Director Clair Rozemeijer, alongside Luca Boldrini, Managing Partner of <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a> and Vice President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>, the organisation aims to provide greater collective representation for yacht designers and naval architects, an area of the superyacht industry that has historically lacked a unified voice despite significant growth over recent decades.“Associations are founded because individual companies often face similar challenges that they cannot solve entirely on their own, and the association’s role is to create a collective strategy and platform to address those challenges together so that ultimately all members benefit individually from the collaboration,” explained Rozemeijer.The association already counts 12 leading design and naval architecture practices among its membership, including <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>, <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Bannenberg &amp; Rowell Design</a>, <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a>, <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a>, <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a>, <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta</a>, <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a>, <a data-gid="gid://syiq/Company/8394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Philippe Briand Group Ltd. (Company)">Philippe Briand</a>, <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a>, <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, with qualifying studios invited to join<img src="https://photo-assets.superyachttimes.com/photo/395085/image/large-1f495a08cbefdd41f95fcaeceeb15138.jpg" data-gid="gid://syiq/Photo/395085">“Together with <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>'s board members and founding members, we explored where meaningful collaboration could exist, not in the areas where companies compete, but in the areas where we can collectively strengthen the profession of yacht designers and naval architects, and positively contribute to the wider industry,” added Rozemeijer.The association will aim to improve professionalism through market research, standard contracts, ethical guidelines and quality standards. <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> also plans to engage more actively with regulatory bodies including the <a data-gid="gid://syiq/Company/4531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Maritime Organization (Company)">International Maritime Organization</a> and ISO, while encouraging greater knowledge-sharing among members.Sustainability will also form a core area of focus, as designers and naval architects can play a greater role in supporting the transition towards more sustainable technologies and solutions, including developments linked to Roadmap 2050, in collaboration with the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>.“The Superyacht Builders Association (SYBAss) has successfully got the industry’s voice heard before new rules and regulations become a fait accompli,” added Espen Øino, founder and owner of <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, and President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. <img src="https://photo-assets.superyachttimes.com/photo/395086/image/large-bd4c7ffda795a9ef61a079534321475b.jpeg" data-gid="gid://syiq/Photo/395086">“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> allows us to have representation for elements specific to what we do as designers, whether that’s rules and regulations, how we deal with contracts, or other issues on which we will benefit from open discussion. It enables us to speak with one common voice toward authorities, the media, or clients.”The association also aims to strengthen recognition and credibility for member studios while supporting future generations of designers entering the sector. “The creative side of our industry has grown quite organically over many years and we’ve all entered it from different avenues,” said Jim Dixon, Studio Principal of Yachts &amp; Aviation at <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and board member of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. “We all felt it was time for consolidation, unanimity and robustness behind what we do.”To qualify for full membership, studios must have operated for at least 10 years and successfully delivered a minimum of five projects over 30 metres within the past decade, including new builds, major refits or conversions.“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> means we can not only bring designers together better, but also enhance our communication, cross-fertilisation and collaboration with shipyards and brokers, and ultimately that helps to grow the industry as a whole,” concluded Boldrini.

SYDNA launches international association for superyacht designers and naval architects

A new international association for naval architects and designers
operating in the superyacht sector has been formally launched.

SYDNA launches to represent superyacht designers and naval architects

<a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has announced the delivery of the 102.4-metre superyacht <a data-gid="gid://syiq/Yacht/11563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nixie102.4m (335'11&quot;)Lürssen Yachts2026">Nixie</a> and is set out on her maiden voyage following the completion of her sea trials in Germany. <a data-gid="gid://syiq/Yacht/11563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nixie102.4m (335'11&quot;)Lürssen Yachts2026">Nixie</a> is scheduled to make her global debut at the <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a> this September.<img src="https://photo-assets.superyachttimes.com/photo/398278/image/large-493be7d11a5178c45c874d9d7ece036a.jpg" data-gid="gid://syiq/Photo/398278">Read:&nbsp;<a data-gid="gid://syiq/Article/66191" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="102m Lürssen superyacht Nixie on sea trials (2026-05-28 12:00:00 +0200)">102m Lürssen superyacht Nixie on sea trials</a> Previously known as Project JASSJ and Lürssen 13785 during construction, <a data-gid="gid://syiq/Article/53775" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen sells 103m superyacht JASSJ (2021-09-24 16:45:00 +0200)">Nixie was sold in 2021</a>. <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>'s New Construction team negotiated the build contract, having prepared her technical specifications and overseeing the project throughout its construction. Work on the yacht began in March 2021 at the German shipyard's Rendsburg facility.<img src="https://photo-assets.superyachttimes.com/photo/398277/image/large-40966b7eac5efda49310273f4e2c3a2a.jpg" data-gid="gid://syiq/Photo/398277">Designed inside and out by <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a>, <a data-gid="gid://syiq/Yacht/11563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nixie102.4m (335'11&quot;)Lürssen Yachts2026">Nixie</a> has been developed with a steel hull and aluminium superstructure. Her naval architecture was crafted entirely in-house by <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>. Built with a beam of 15-metres and a draft of 3.9-metres, accommodation onboard the yacht is arranged for up to 12 guests across 10 staterooms. Dedicated quarters are also provided for up to 34 crew members, ensuring a high level of service onboard.On the outside, the <a data-gid="gid://syiq/Yacht/11563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nixie102.4m (335'11&quot;)Lürssen Yachts2026">Nixie</a> follows a "fluid and organic" design philosophy, characterised by deep contours, broad convex surfaces and uniquely shaped, gradient-tinted glazing intended to blur the difference between glass and steel. Her hull and superstructure are finished in a bespoke warm grey, creating a pearlescent effect in changing light. <img src="https://photo-assets.superyachttimes.com/photo/398275/image/large-80611ea9b8c63715eff9652330355e53.jpg" data-gid="gid://syiq/Photo/398275">One of <a data-gid="gid://syiq/Yacht/11563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nixie102.4m (335'11&quot;)Lürssen Yachts2026">Nixie</a>'s key features is her semi-suspended six-metre-wide glass swimming pool aft, which the shipyard has described as an industry first for a yacht of this scale. Extending over the swim platform, the pool is engineered with adjustable water levels and a privacy screen, which makes it possible for guests of all ages to enjoy.Beneath the pool is one of the largest beach clubs ever created aboard a <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> yacht. With around 270-square-metres of space, she incorporates a beach club, gym and cryochamber, with four fold-out sea terraces. A seamless indoor-outdoor layout is achieved via a transom hatch, elevated by Indian teak, natural stone, and bespoke furnishings curated by <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a>.<img src="https://photo-assets.superyachttimes.com/photo/398276/image/large-6565812e2c704166ec70a84321166fa8.jpg" data-gid="gid://syiq/Photo/398276">In terms of propulsion, <a data-gid="gid://syiq/Yacht/11563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nixie102.4m (335'11&quot;)Lürssen Yachts2026">Nixie</a> is powered by a diesel-electric propulsion system supported by an advanced energy storage system, a configuration intended to improve efficiency while reducing noise and vibration while cruising.<a data-gid="gid://syiq/Article/59317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hull of 102m Lürssen superyacht JASSJ seen for the first time (2023-12-13 11:15:00 +0100)">Nixie was first seen</a> in December 2023 when her hull emerged from the construction shed before she was launched in early 2026. She later undertook sea trials in Kiel during May ahead of her final delivery.<img src="https://photo-assets.superyachttimes.com/photo/398274/image/large-c0af42fb7cc6d3205904c34968e8e826.jpg" data-gid="gid://syiq/Photo/398274">Read:&nbsp;<a data-gid="gid://syiq/Article/65332" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exclusive: 102m Lürssen superyacht JASSJ launched (2026-02-06 16:00:00 +0100)">Exclusive: 102m Lürssen superyacht JASSJ launched</a>Following delivery, <a data-gid="gid://syiq/Yacht/11563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nixie102.4m (335'11&quot;)Lürssen Yachts2026">Nixie</a> will be available for charter through <a data-gid="gid://syiq/Article/65332" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exclusive: 102m Lürssen superyacht JASSJ launched (2026-02-06 16:00:00 +0100)">Edmiston</a>, who have been appointed as the exclusive central agency for the yacht.According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times iQ</a>, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> currently has several major projects under construction, including the 146.2-metre <a data-gid="gid://syiq/Article/64526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exclusive: First look at the 146m Lürssen superyacht Project Defy (2025-10-16 13:15:00 +0200)">Project Defy</a>, the 101.46m <a data-gid="gid://syiq/Article/65987" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="101m in-build Lürssen superyacht Project Ziggy seen for the first time (2026-05-07 13:15:00 +0200)">Project Ziggy</a>, and the 122.5-metre <a data-gid="gid://syiq/Article/62896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="New 123m Lürssen superyacht Project Omega sold (2025-03-18 18:45:00 +0100)">Project Omega</a>.

102m Lürssen superyacht Nixie delivered

The 102m Lürssen superyacht Nixie has been delivered following the completion of her sea trials in Germany.

The 32.82-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/7975" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jag'B32.82m (107'8&quot;)Custom Line2020">Jag’B</a> has been sold, with Onur Erardag of <a data-gid="gid://syiq/Company/4569" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautique Yachting (Company)">Nautique Yachting</a> introducing the buyer and Alexis Colin of <a data-gid="gid://syiq/Company/4562" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ABYS Yachting (Company)">ABYS Yachting</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/300990/image/large-0c53938c65ebafbe2274832cc5d768b4.png" data-gid="gid://syiq/Photo/300990">Delivered in 2020, the flybridge yacht has a beam of 7.3-metres and a draft of 2.03-metres. She features exterior and interior design penned by <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a>, with naval architecture created in-house by her builder.Inside, her main saloon is fitted with panoramic windows and generous seating. She can accommodate guests in five well-appointed staterooms at a volume of 218 GT. Moreover, guests can dine alfresco and enjoy the Jacuzzi in the sundeck.In terms of propulsion system, <a data-gid="gid://syiq/Yacht/7975" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jag'B32.82m (107'8&quot;)Custom Line2020">Jag’B</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a cruising speed of 22 knots and a top speed of 26 knots.&nbsp;<a data-gid="gid://syiq/Yacht/7975" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jag'B32.82m (107'8&quot;)Custom Line2020">Jag’B</a> had a last known asking price of €7,950,000 at the time of her sale.Photo courtesy of <a data-gid="gid://syiq/Company/4562" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ABYS Yachting (Company)">ABYS Yachting</a>.

Custom Line yacht Jag’B sold

 The 32.82-metre Custom Line motor yacht Jag’B has been sold.

33m Custom Line motor yacht Jag’B sold

<img src="https://photo-assets.superyachttimes.com/photo/398196/image/large-801599a32398436e42c47fcfd59676fd.jpg" data-gid="gid://syiq/Photo/398196">The 44.65-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/2451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Megan44.65m (146'6&quot;)Feadship2011">Megan</a> was seen moored in Rhodes, Greece last Tuesday.Previously named Helix, the yacht was delivered in 2011 and forms part of the F45 Vantage series. She features exterior design by <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship’s</a> <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> in collaboration with <a data-gid="gid://syiq/Company/926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sinot Yacht Architecture & Design (Company)">Sinot Yacht Architecture &amp; Design</a>.Inside, her interiors, created by <a data-gid="gid://syiq/Company/926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sinot Yacht Architecture & Design (Company)">Sinot</a>, are distinguished by mahogany wood framing contrasted with light-toned fabrics throughout. A highlight of the accommodation is the master stateroom, which features skylights that flood the space with natural light. All guest cabins are located on the main deck.Moving outside, guests onboard the yacht can dine alfresco on the aft deck, while the sundeck is fitted with sun pads for lounging and a Jacuzzi for relaxation.In terms of propulsion, the <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> yacht is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a cruising speed of 14.5 knots.

Feadship yacht Megan in Greece

The 44.65-metre Feadship superyacht Megan was seen moored in Rhodes, Greece, where she is currently based.

88m Feadship superyacht Megan in Greece

The 45.3-metre <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine Mangusta</a> motor yacht <a data-gid="gid://syiq/Yacht/7740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RR45.3m (148'7&quot;)Mangusta Yachts2021">RR</a> has received a €1.6 million price reduction. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is listed for sale with Yannick Altevolmer and Carlo Ciriani of <a data-gid="gid://syiq/Company/120" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Drettmann Yachts (Company)">Drettmann Yachts</a> and is now asking €19,900,000 excluding VAT.<img src="https://photo-assets.superyachttimes.com/photo/398247/image/large-220bafbfe268d7a64f812140e5c5e6db.jpg" data-gid="gid://syiq/Photo/398247">Built by <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine</a> and delivered in 2021 as part of the Italian shipyard's <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> GranSport 45 series, <a data-gid="gid://syiq/Yacht/7740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RR45.3m (148'7&quot;)Mangusta Yachts2021">RR&nbsp;yacht for sale</a> features exterior design by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a>, while her naval architecture was developed by <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine Group</a> in collaboration with <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">PierLuigi Ausonio Naval Architecture</a>.<img src="https://photo-assets.superyachttimes.com/photo/398250/image/large-2eda55361a6f471e95205d2c9aa66148.jpg" data-gid="gid://syiq/Photo/398250"><img src="https://photo-assets.superyachttimes.com/photo/398253/image/large-b181f30a871fd07f3d25ebfcdea675ba.jpg" data-gid="gid://syiq/Photo/398253">Following her limited private use since delivery alongside extensive service works, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has completed her five-year <a data-gid="gid://syiq/Company/1453" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ABS (Company)">ABS</a> class survey last year. &nbsp;She is commercially compliant and presented in turnkey condition. Constructed with an aluminium hull and superstructure, she has a beam of 8.6-metres and a draft of 2.2-metres.<img src="https://photo-assets.superyachttimes.com/photo/398254/image/large-e43801dc1463e2f00e6d86d01d6f64a6.jpg" data-gid="gid://syiq/Photo/398254"><img src="https://photo-assets.superyachttimes.com/photo/372027/image/large-279f92d972eb9faff816569c4cf6847a.jpg" data-gid="gid://syiq/Photo/372027" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Outside, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/traded-by=mangusta-yachts" rel="noopener noreferrer" target="_blank" title="">Mangusta yacht for sale</a> boasts a 75-square-metre beach club, which transforms into a private retreat through fold-down platforms that extend over the sea. When closed, the transom is fitted with a wet bar, lounge area, and a Finnish sauna.<img src="https://photo-assets.superyachttimes.com/photo/372015/image/large-a19ba2749f2bd7593308e581c5d55217.jpg" data-gid="gid://syiq/Photo/372015" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/372017/image/large-59c87d405863c7ad0b0e442ba33402bf.jpg" data-gid="gid://syiq/Photo/372017" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Meanwhile, her bridge deck aft features a Jacuzzi, sunpads, a full wet bar and a dining area for alfresco meals with panoramic views. Forward, her foredeck is fitted with an infinity pool surrounded by sunpads, ideal for soaking in the sun.<img src="https://photo-assets.superyachttimes.com/photo/372002/image/large-4ac263a02f693989268a7a7f213b8d94.jpg" data-gid="gid://syiq/Photo/372002">Stepping inside, the <a data-gid="gid://syiq/Yacht/7740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RR45.3m (148'7&quot;)Mangusta Yachts2021">yacht RR for sale</a> embraces a contemporary interior featuring a spacious lower-deck saloon that opens directly out to the swim platform, converting the area into an expansive beach club.<img src="https://photo-assets.superyachttimes.com/photo/372016/image/large-5591e2afbc2aa85a1faf5651808bdfc3.jpg" data-gid="gid://syiq/Photo/372016"><img src="https://photo-assets.superyachttimes.com/photo/372010/image/large-1b11cb94cccce8509029f14232000c02.jpg" data-gid="gid://syiq/Photo/372010" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Moving to the main deck, her formal saloon and dining area are bathed in natural light, thanks to floor-to-ceiling glazing that also frames the ocean vistas.<img src="https://photo-assets.superyachttimes.com/photo/371998/image/large-ce8ca445f043a24fd17fd50cea615939.jpg" data-gid="gid://syiq/Photo/371998"><img src="https://photo-assets.superyachttimes.com/photo/372009/image/large-3c2b90345148d17306ba695ac9f3a513.jpg" data-gid="gid://syiq/Photo/372009">At an interior volume of 444 GT, accommodation onboard <a data-gid="gid://syiq/Yacht/7740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RR45.3m (148'7&quot;)Mangusta Yachts2021">RR</a> is arranged for up to 12 guests across five staterooms, including an owner’s suite with a private balcony, and a children’s stateroom configured to sleep up to four guests. Separate quarters accommodate up to seven crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/372028/image/large-eeb02d542cd4d2bf333e1b825a857c97.jpg" data-gid="gid://syiq/Photo/372028">In terms of performance, <a data-gid="gid://syiq/Yacht/7740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RR45.3m (148'7&quot;)Mangusta Yachts2021">RR</a> is powered by triple <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, propelling her to a top speed of 26 knots and a cruising speed of 20 knots. She also offers a range of 4,200 nautical miles at 12 knots. <img src="https://photo-assets.superyachttimes.com/photo/398246/image/large-2f4d9c54cae5da5f69387bb10b849dae.jpg" data-gid="gid://syiq/Photo/398246"><img src="https://photo-assets.superyachttimes.com/photo/398252/image/large-d3552163fc4ecaa528836be62d3034a7.jpg" data-gid="gid://syiq/Photo/398252">All images provided courtesy of <a data-gid="gid://syiq/Company/120" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Drettmann Yachts (Company)">Drettmann Yachts</a>.

 45m Mangusta GranSport yacht RR for sale with €1.6m price reduction

The 45m Mangusta GranSport motor yacht RR now is now listed for sale with a new asking price following a €1.6m price reduction.

 45m Mangusta GranSport yacht RR for sale with €1.6M price reduction

Architect Antonio Luxardo has unveiled the <a data-gid="gid://syiq/Company/1364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amer Yachts S.p.A. (Company)">Ame</a>r 42A, a new 42-metre all-aluminium yacht developed for <a data-gid="gid://syiq/Company/1364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amer Yachts S.p.A. (Company)">Amer Yachts</a>, which merges sleek, innovative design with lightweight construction.<img src="https://photo-assets.superyachttimes.com/photo/398223/image/large-6f0b3c85c8ae6ba036580d1af8b70677.jpg" data-gid="gid://syiq/Photo/398223"> Conceived by Luxardo for the Italian shipyard’s new steel production line, the Amer 42A brings together innovation, functionality and aesthetics through what the designer describes as a precise technical and stylistic vision. <img src="https://photo-assets.superyachttimes.com/photo/398225/image/large-4ff255fafd4eb028927dc49b851215b4.jpg" data-gid="gid://syiq/Photo/398225">Distinguished by her layered glazing and lines reminiscent of waves, the yacht presents “energy, dynamism, and sportiness.” Rather than sticking to conventional horizontal deck lines, the Amer 42A features sinuous deck contours that create a great sense of movement. <img src="https://photo-assets.superyachttimes.com/photo/398221/image/large-7355946cde947ede038f3fdfaaa1b0ba.jpg" data-gid="gid://syiq/Photo/398221">Despite her dynamic design, the Amer 42A retains large windows to strengthen the relationship between the interior and exterior, with an emphasis on the guests immersing themselves with the surrounding seascape. <img src="https://photo-assets.superyachttimes.com/photo/398220/image/large-1e6fb3f39db0f20b5e20aa06a2b7de47.jpg" data-gid="gid://syiq/Photo/398220">From hull to superstructure, the yacht is constructed entirely in aluminium. According to the designer, this flexible material reduces overall weight while improving performance, enabling higher speeds with greater efficiency, and a low-slung profile that reduces drag while optimising navigation.Moreover, these sculptural forms are made possible by the use of the ductile material in creating pronounced curves, undercuts, overhangs, and cantilevers while maintaining structural efficiency.<img src="https://photo-assets.superyachttimes.com/photo/398224/image/large-22fc13d38f01b6d1bb5ffc8f649cd647.jpg" data-gid="gid://syiq/Photo/398224" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">With a layout designed to balance engineering and contemporary design, accommodation onboard the Amer 42A is arranged across a full-beam owner's suite on the main deck, alongside guest staterooms located on the lower deck. Moving outside, her sundeck has been designed as the dedicated area for relaxation.<img src="https://photo-assets.superyachttimes.com/photo/398222/image/large-9ee3dd078ec7b6e9225d6e60feda2647.png" data-gid="gid://syiq/Photo/398222" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">

Amer Yachts unveils all-aluminium Amer 42A 

Amer Yachts has unveiled the Amer 42A, an all-aluminium new-build yacht designed by Antonio Luxardo,

Amer Yachts unveils “all-aluminium” Amer 42A superyacht

The 40.7-metre <a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman (Company)">Royal Huisman</a> sailing yacht <a data-gid="gid://syiq/Yacht/242" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Surama40.7m (133'6&quot;)Royal Huisman1997">Surama</a> has been sold by auction, with Jamie Small of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> in partnership with <a data-gid="gid://syiq/Company/6884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boathouse Auctions (Company)">Boathouse Auctions</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/322662/image/large-e562a156d71a9e2ac35e91b9688281a4.jpg" data-gid="gid://syiq/Photo/322662"><a data-gid="gid://syiq/Yacht/242" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Surama40.7m (133'6&quot;)Royal Huisman1997">Surama</a> was delivered in 1997 and benefitted from a refit in 2017. She features exterior design penned by <a data-gid="gid://syiq/Company/70" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fontaine Design Group (Company)">Fontaine Design Group</a>, interior design created by <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a>, and naval architecture crafted by <a data-gid="gid://syiq/Company/221" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ted Hood (Company)">Ted Hood</a>.Inside, <a data-gid="gid://syiq/Yacht/242" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Surama40.7m (133'6&quot;)Royal Huisman1997">Surama’s</a> main saloon is bathed in natural light, particularly in the deckhouse lounge. At a volume of 270 GT, she is able to sleep up to eight guests across three well-appointed staterooms. Comfort onboard the yacht is supported by six crew members. Moving outside, the yacht’s aft cockpit can serve as an alfresco dining area, or a sheltered sun pad platform when the table is collapsed.Regarding her propulsion system, <a data-gid="gid://syiq/Yacht/242" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Surama40.7m (133'6&quot;)Royal Huisman1997">Surama</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a cruising speed of 11 knots and a top speed of 12.5 knots.&nbsp;At the time of her sale, <a data-gid="gid://syiq/Yacht/242" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Surama40.7m (133'6&quot;)Royal Huisman1997">Surama</a> had a last known asking price of €4,950,000.

Royal Huisman yacht Surama sold

The 40.7-metre Royal Huisman sailing yacht Surama has been sold by auction.


41m Royal Huisman sailing yacht Surama sold

The <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti Group</a> has announced the launch of the 44.06-metre superyacht <a data-gid="gid://syiq/Yacht/14143" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lumina44.06m (144'7&quot;)Benetti SpA2026">Lumina</a> at its Viareggio yard. She is the latest unit in the <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> Class 44M series.<img src="https://photo-assets.superyachttimes.com/photo/398172/image/large-83deff7c7af64d9807afcd3245037848.jpg" data-gid="gid://syiq/Photo/398172">The launch took place using a traditional slipway ceremony, a method that remains part of Viareggio’s shipbuilding heritage and is still employed by <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> for selected projects.<img src="https://photo-assets.superyachttimes.com/photo/398174/image/large-1a31842fc433dde986042281bf7b2dd7.jpg" data-gid="gid://syiq/Photo/398174">The four-deck yacht was designed by <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>. Inside, <a data-gid="gid://syiq/Yacht/14143" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lumina44.06m (144'7&quot;)Benetti SpA2026">Lumina's</a> interiors feature light-filled spaces and engineering solutions aimed at enhancing privacy and comfort during extended cruising. She is scheduled for delivery in summer 2026.The launch comes as the <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti Group</a> outlines plans to invest a further €100 million across its Tuscan operations between 2026 and 2028. The programme follows €77 million invested in the region over the previous three years and will focus on expanding production facilities, upgrading infrastructure and safety systems, supporting product development, and enhancing refit capabilities at Lusben.<img src="https://photo-assets.superyachttimes.com/photo/398173/image/large-20d2c5638afc6428173f9684173c9ade.jpg" data-gid="gid://syiq/Photo/398173">According to the company, Tuscany remains central to its superyacht production, with facilities located across Viareggio, Livorno, Massa and Pisa. The investment programme is intended to support future growth while increasing production capacity and advancing engineering and manufacturing capabilities.<img src="https://photo-assets.superyachttimes.com/photo/398175/image/large-e30f048fbd21cc7fd3b79ee523c9b676.jpg" data-gid="gid://syiq/Photo/398175">The announcement follows a period of growth for the group, which reported that its production value increased from €758 million in 2020 to €1.56 billion in 2025.

Benetti yacht Lumina launched

The Azimut|Benetti Group has announced the launch of the 44.06-metre superyacht Lumina.

44m superyacht Lumina launched as Benetti outlines €100m expansion plans

<img src="https://photo-assets.superyachttimes.com/photo/398199/image/large-7f51738a494dae13c40acde9b52bedd9.jpg" data-gid="gid://syiq/Photo/398199">Spotted in San Diego last week was the 88.38-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/6298" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zen88.38m (289'12&quot;)Feadship2021">Zen</a>. According to AIS data, the yacht is currently cruising from Seattle to Juneau, Alaska.Delivered in 2021,&nbsp;<a data-gid="gid://syiq/Yacht/6298" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zen88.38m (289'12&quot;)Feadship2021">Zen</a> was among the first vessels completed at <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship’s</a> new Van Lent facility in Amsterdam and was previously known as <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>&nbsp;816. She features a sleek exterior designed 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 open-plan interiors were created by <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Yachts</a> in collaboration with <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a>.Earlier this year, <a data-gid="gid://syiq/Yacht/6298" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zen88.38m (289'12&quot;)Feadship2021">Zen</a> underwent a refit at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Barcelona</a>. Her standout features include a swimming pool aft on the main deck, a forward-facing Jacuzzi on the sundeck, and a sunken circular lounge on the foredeck that provides a more private setting for relaxed social gatherings.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, <a data-gid="gid://syiq/Yacht/6298" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zen88.38m (289'12&quot;)Feadship2021">Zen</a> can reach a top speed of 17 knots.

Feadship yacht Zen in San Diego

Spotted in San Diego last week was the 88.38-metre Feadship superyacht Zen.

88m Feadship superyacht Zen in San Diego

The 60-metre <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a> motor yacht <a data-gid="gid://syiq/Yacht/1764" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scott Free60.0m (196'10&quot;)Abeking & Rasmussen2009">Scott Free</a> has been sold. <a data-gid="gid://syiq/Person/7460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gary Hardcastle, United States (Person)">Gary Hardcastle</a> of <a data-gid="gid://syiq/Company/8384" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Autograph Yacht Group (Company)">Autograph Yacht Group</a> represented the buyer, while Christian Bakewell and Kevin Kramer of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> represented the seller. <img src="https://photo-assets.superyachttimes.com/photo/361934/image/large-c6507456895a51b5b29c749350ac0a09.png" data-gid="gid://syiq/Photo/361934">The yacht was previously showcased at both the <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a> and <a data-gid="gid://syiq/Company/4274" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale (Company)">Fort Lauderdale International Boat Show</a> in 2025. According to AIS, she is currently located in Gibraltar.Delivered in 2009 by the German shipyard, <a data-gid="gid://syiq/Yacht/1764" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scott Free60.0m (196'10&quot;)Abeking & Rasmussen2009">Scott Free</a> features exterior design by <a data-gid="gid://syiq/Company/41" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donald Starkey Designs (Company)">Donald Starkey Designs</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Bannenberg &amp; Rowell Design</a>. Her naval architecture was developed in-house 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>.Constructed with a steel hull and aluminium superstructure, she has a beam of 10.7-metres and a draft of 3.5-metres. She was last refitted in 2022.With a staggering interior volume of 1,090 GT, accommodation onboard is arranged for up to 12 guests across six well-appointed staterooms. Dedicated quarters are provided for a crew of 16, including her captain.&nbsp;In terms of performance, <a data-gid="gid://syiq/Yacht/1764" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scott Free60.0m (196'10&quot;)Abeking & Rasmussen2009">Scott Free</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, providing a cruising speed of 14 knots and a top speed of 16 knots. At her cruising speed, she offers a range of 5,600 nautical miles.&nbsp;At the time of her sale, <a data-gid="gid://syiq/Yacht/1764" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scott Free60.0m (196'10&quot;)Abeking & Rasmussen2009">Scott Free</a> had a last known asking price of €39,500,000. Image courtesy of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>.

 60m Abeking & Rasmussen yacht Scott Free sold

The 60m Abeking & Rasmussen motor yacht Scott Free has been sold with a final asking price of €39,500,000.

60m Abeking & Rasmussen superyacht Scott Free sold

The UK's tax authority, HM Revenue &amp; Customs (HMRC), has issued new guidance clarifying how fuel supplied to superyachts should be treated for duty purposes.Issued June 2026, the guidance does not introduce new legislation, but instead reinforces HMRC’s position that most superyachts, including many operating in the charter market, should be regarded as private pleasure craft, rather than commercial vessels when purchasing fuel in the UK.SuperYacht Times breaks down exactly what this new guidance means for superyacht fuel supply in the UK. <img src="https://photo-assets.superyachttimes.com/photo/375442/image/large-54e7aee42496cdefed23d149da2e9f5e.jpg" data-gid="gid://syiq/Photo/375442">What has HMRC said?The new guidance provides fuel suppliers with greater clarity on how to determine whether a vessel qualifies as a private pleasure craft (PPC), or a commercial vessel. According to HMRC, a vessel is considered a private pleasure craft when it is used for private or recreational purposes by its owner, charterer or any guests permitted to use it. This includes leisure cruising, holidays and private charters undertaken for recreational purposes.The guidance emphasises that a yacht's ownership structure, commercial registration status or crew arrangements do not automatically make it a commercial vessel for fuel-duty purposes.<img src="https://photo-assets.superyachttimes.com/photo/395931/image/large-1b97bd788627c1a902a84bcaf7f1e970.jpg" data-gid="gid://syiq/Photo/395931">Why are superyachts specifically mentioned?HMRC explains that although many superyachts and support vessels are commercially owned and available for charter, this alone does not mean they should be treated as commercial vessels when fuel is supplied.A superyacht should be considered a PPC if either the owner or charterer determines how the vessel is used and enjoys it for their own or guests’ leisure purposes. This applies even when a yacht is professionally crewed or operating under a charter arrangement.Therefore superyachts and support vessels should only be considered commercial in exceptional circumstances, such as when they are contracted by a government authority or industrial customer to supply non-recreational services. <img src="https://photo-assets.superyachttimes.com/photo/378222/image/large-9dabe457a6a0c831b4f7d237793820d3.jpg" data-gid="gid://syiq/Photo/378222">Why does this matter for superyachts?The distinction between a private pleasure craft and a commercial vessel is important because different fuel-duty treatments apply. There are two types of fuel in the UK relating to superyachts, which are white diesel and red diesel.&nbsp;White diesel is the standard diesel which is sold at the full rate of fuel duty. This means that VAT is applied at standard rates and no relief is available. White diesel is often used for road transport and any fuel use that does not qualify for a rebate.&nbsp;Red diesel is the same standard diesel, but it has been dyed red to indicate that it should be sold at a reduced rate of fuel duty. This is often referred to as “marked gas oil” and is intended for specific exempt or lower tax purposes such as, non-propulsion use on vessels like generators or heating, or for some agricultural, construction and industrial application on land.PPC’s are not eligible to receive red diesel duty-free under Marine Voyages Relief, or to use it for propulsion at the lower, rebated duty rate. Under the new HMRC guidance, superyachts and support vessels should be considered as PPC’s.&nbsp;However, HMRC has also stated that you can supply red diesel to a PPC in Great Britain, but the customer must declare the split between propulsion and non-propulsion use and the full rate of VAT applies to all red diesel supplies of 2,300 litres or more. The fuel supplier is also responsible for paying the additional amount due for propulsion. Red diesel for non-propulsion uses on a PPC, for example for heating or generating electricity, can be supplied without additional fuel duty if all the conditions are met.As a result of this, the use of red diesel is heavily regulated due to its lower price from standard white diesel, and if it is used for purposes other than the rules mentioned above, the HMRC treats this as fuel duty evasion.<img src="https://photo-assets.superyachttimes.com/photo/375650/image/large-276a87f67cc160786bebc3b9183df6c3.jpg" data-gid="gid://syiq/Photo/375650">What impact could this have on fuel costs?On 15 June, the red diesel rate was reduced from 10.18 pence per litre, to 6.48 pence per litre, until 31 December 2026. However, the white diesel duty rate is currently 52.95 pence per litre. This leads to a 46.47 pence per litre difference in duty to be paid to HMRC on fuel for PPC propulsion.While the exact financial impact will vary depending on a yacht's fuel consumption and operating profile, the amount could be significantly higher for larger vessels. For example, a superyacht taking on 50,000 litres of propulsion fuel could face an additional duty liability of approximately £23,235. For a vessel bunkering 100,000 litres, that figure rises to around £46,470 before VAT is applied.As a result, the classification of a vessel can have a significant impact on the total cost of fuel purchased in the UK, particularly for larger superyachts taking on substantial quantities of fuel.<img src="https://photo-assets.superyachttimes.com/photo/377386/image/large-be7ad0f93133f1194f69440d38ecd477.jpg" data-gid="gid://syiq/Photo/377386">What should owners and operators take away from the guidance?The guidance does not create new legislation, but it does provide a clearer indication of how HMRC expects fuel suppliers to assess superyachts and their support vessels.For owners, charterers, yacht managers and fuel suppliers, the document reinforces the importance of understanding how a vessel's use, rather than its ownership structure or registration status, may affect its fuel-duty treatment when operating in the UK.You must first confirm if the vessel is a PPC or is operating commercially, but pleasure vessels such as superyachts should be treated at PPC’s, unless clear evidence of commercial use is provided.&nbsp;A declaration between propulsion and non-propulsion use should be obtained and the additional duty for propulsion should be paid to HMRC. HMRC also stated that if claimed commercial use is unclear, always ask for a written statement and copies of documented evidence.&nbsp;“Whilst misinterpretation or application of the law by suppliers and the resulting access to lower fuel prices may seem tempting, the risk to the captain’s career, the vessel’s ownership structure and ultimately the UBO’s entire tax position, by unlawfully using non or reduced, duty or VAT paid fuel for a fully chargeable purpose, makes it a practice that should always be avoided," added Ben Mahy Technical Director, of port VAT clearance experts, <a data-gid="gid://syiq/Company/7132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bachmann Group (Company)">Bachmann Group</a>."Yacht Management companies and Family Offices have an obligation to always operate superyachts within the laws of the jurisdictions that they visit. This new HMRC Guidance and the forthcoming updates to HMRC Notices it references, gives much needed clarification of the fuel duty that superyachts should be lawfully paying whenever bunkering fuel in the UK."If you have any questions regarding the new guidance, contact the HMRC Fuel Duty Policy Team at: <a href="mailto:oils.policymail@hmrc.gov.uk" target="_blank">oils.policymail@hmrc.gov.uk</a>&nbsp;

What the UK's new fuel duty guidance means for superyachts

HMRC has clarified how fuel supplied to superyachts should be treated in the UK. We explain what the new fuel-duty guidance means.