With war now raging in Ukraine and international governments posing heavy sanctions on Russian companies and oligarchs, questions are being raised about how this war in Europe may impact the superyacht industry. With superyacht crew already being displaced and the supply chain coming under pressure, we take a look at the possible toll on the superyacht industry and all of those who work within it.<img src="https://photo-assets.superyachttimes.com/photo/205458/image/large-6687a12b95045b221a5f21133da703ed.jpg" data-gid="gid://syiq/Photo/205458">Russian owners made up 9% of all superyacht owners in 2021, making them the second largest ownership country behind the United States. While by region Eastern European owners, including Russian and Ukrainian, make up 18%. Russian owners are also the second largest owners of new-build yachts, with 13.2% of the market share of new-build superyachts over 40 metres in 2021-2025 (according to SYT iQ). The Head of Intelligence at SYT wrote in 2021: “The US, Russia, Turkey and the UK remain the most important buyer nations for in-build superyachts over 40 metres,” and this is thrown into a stark light when we consider the possible impact of this war on the yachting industry.With 9% of the market share and some of the largest superyachts in the world (14.7% by volume in 2021), clearly their financial contribution to the industry is significant, particularly in the case of Northern European shipyards. As further sanctions are introduced, will they be able to continue the build of yachts due for launch in the coming years? If not, will we see a number of partially completed 60 metre-plus hulls returning to the market in an echoing of the events following the 2008 financial crisis? There is also an ethical question here about whether shipbuilders will choose to continue their work with Russian owners.But it is not only the new-build market that could be hit. As yachts prepare to return to the water in the coming months ahead of the Mediterranean season, some are speculating that refit yards will be burdened with yachts whose refits have not been paid for. As of today, a number of the largest Russian yachts in the world are sitting in harbours and shipyards across the Mediterranean and questions about their possible seizure continue to raise concerns.Brokers are also concerned about the knock-on impact this could have on the market as a whole, and whether uncertainty about the world economy will make potential owners more cautious of investing in superyachts.<img src="https://photo-assets.superyachttimes.com/photo/100171/image/large-7317203457bc91981793f01da270be03.jpg" data-gid="gid://syiq/Photo/100171">So what are the sanctions and how else could they impact yachting?While the list and severity of sanctions on Russia are changing, the nations within NATO and the EU, as well as Japan, Switzerland, Australia and Taiwan, have all hit Russia with injunctions. Among the most severe sanctions is the banning of the Russian banks from the SWIFT payment network. As a consequence the Russian stock market and currency has plummeted, with the Ruble dropping by more than 30% in value.&nbsp;While this is happening, many countries are freezing the assets of Russian owned companies and oligarchs. The White House tweeted this statement on Wednesday "This coming week, we will launch a multilateral Trans-Atlantic task force to identify, hunt down, and freeze the assets of sanctioned Russian companies and oligarchs - their yachts, their mansions, and any other ill-gotten gains that we can find and freeze under the law." As a result, many Russian-owned superyachts are leaving contentious waters and heading for locations where they are less likely to face seizure, including the Maldives.&nbsp;As these actions progress they could impact the charter market, where a number of Russian owned vessels are among the most coveted charter yachts in the world. A discussion currently on the table among charter brokers is whether owners will put yachts into charter in order to pay crew and vessel fees. Whether charterers will wish to charter Russian-owned yachts is another question.Read:&nbsp;<a data-gid="gid://syiq/Article/54694" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Are Russian superyachts being seized? (2022-03-03 14:30:00 +0100)">Are Russian superyachts being seized?</a>Read: <a data-gid="gid://syiq/Article/54699" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanctions imposed against Russian-owned superyacht Dilbar (2022-03-04 09:15:00 +0100)">Sanctions imposed against Russian-owned superyacht Dilbar</a> <img src="https://photo-assets.superyachttimes.com/photo/52125/image/large-b9ca95048b35b195c73444cdadd7d70e.jpg" data-gid="gid://syiq/Photo/52125">On the groundRecent events have raised concerns about the position of superyacht crew, many of whom come from Eastern Europe and may have family and friends directly impacted by the war. We have already seen a Ukrainian crew member act against a Russian owner this week when the <a data-gid="gid://syiq/Article/54666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crew member attempts to sink €6.5m superyacht Lady Anastasia (2022-02-28 16:15:00 +0100)">chief engineer aboard Lady Anastasia opened the sea valves in an attempt to sink the 47.73-metre vessel</a>. Elsewhere stories are emerging of yachts being abandoned by crew.There are also questions being raised about how best to protect crew working on Russian and Ukrainian yachts in the case of owners falling into financial difficulties. The Nautilus International institute, the union for seafarers, is urging crew members to get in touch in the case that sanctions imposed on owners impact their salaries.&nbsp;Beyond possible payment issues caused by sanctions, it is also likely that crew from all over the world will no longer wish to work on Russian owned yachts. Facebook groups dedicated to Russian-speaking crew have been inundated with messages of support for Ukrainian colleagues, but also with Russian crew looking for new positions. One Facebook group called ‘Russian speaking yacht crew’ has shut down, with the founder citing “In light of recent events, this group should no longer exist.”&nbsp;Crewing agencies have widely bemoaned the lack of experienced crew over the past year; the possibility that Russian owned yachts will have even greater difficulty finding crew members raises concerns about whether some yachts will be operable. Crew safety is also in question and the publication of yacht owners’ occupations, home addresses and yacht names is adding kindling to the flames. With vandalisation of Russian owned assets beginning to be seen, some crew members may be at risk.&nbsp;With the condemnation of Russian supporters being widely shared across the globe and international corporations shutting down business with Russia, other firms have begun to boycott Russian owned yachts. Stories are emerging of companies refusing to distribute supplies to superyachts. If true, this will impact those yachts put into charter as owners and management teams attempt to use charter as a means to allay costs. &nbsp;While this story continues to develop, the implications – both ethical and practical – for the superyacht industry and all those who work within it will become pronounced and possibly more divisive.&nbsp;

How might the war in Ukraine impact the superyacht industry?

Superyachts during the Monaco Yacht Show 2019

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Cannes Yachting Festival 2021

Cannes Yachting Festival 2016

Questions are being raised about how this war in Europe may impact the superyacht industry and we have outlined some of the possible toll here.

Rooted within a deep tradition of yacht building in the United States, yet far outliving many of its contemporaries, <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor Shipyards</a> has expanded exponentially over the past 75 years since its foundation. Famed for its expertise in yacht building, with yachts such as the 85.2-metre <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Aquila</a> under its belt, as well as its knowledge for refit, maintenance and yacht repair, the company has built a reputation of excellence over the decades.Having grown from its original yard in New York, <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Derecktor Shipyards</a> now span the East Coast with four major facilities. Its most recent acquisition is the reputed shipyard in Fort Pierce in South Florida, which came under the management of <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Derecktor Shipyard</a> in 2019. The yard offers a totally unique experience for yacht crew during refit and maintenance. We spoke with Justin Beard, Marketing and Sales Development Manager at <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Derecktor</a>, to find out a little more about this titan of American yachting. <img src="https://photo-assets.superyachttimes.com/photo/251765/image/large-20e7c52020c060c2309484b9b543e89a.jpg" data-gid="gid://syiq/Photo/251765">What were the origins of&nbsp;<a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor Shipyards</a>&nbsp;and how has it continued after Bob Derecktor?When Bob was in high school, sometime during the 1930s, he designed a 26-foot sloop and built it in his family’s backyard in White Plains, New York – using oak for the frames, fir for the deck and pine for the mast. With the help of a friend, he sailed it to Nova Scotia for the summer.After a couple of years, Bob left college to focus on his passion. He built a 38-foot schooner and sailed it from New York to Baltimore, where he took a job at the Owens Boatyard, advancing quickly through the ranks to become foreman. Eventually returning to the New York area, he worked at the Edgar Johns Shipyard in Rye and Minnefords in City Island, building minesweepers designed to detonate underwater mines during World War II. Bob soon joined the effort himself, enlisting in the U.S. Navy in the early 1940s.&nbsp;During 1947, shortly after returning from the Navy, the young boatbuilder established Robert E. Derecktor, Inc. on Boston Post Road in Mamaroneck, New York. Surrounding himself with talented employees who would continue to grow along with the company, over the years he expanded the yard, following the ebbs and flows of the boatbuilding business — transitioning from wood to aluminium, from cruising boats to race boats, from sail to power, then to larger yachts and commercial boats.Today, four <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a>’s facilities span the Eastern Seaboard of the U.S. from Maine to South Florida, offering vessel owners and operators everything from marina space to superyacht construction. Over more than seven decades, <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> has made a name for itself on the global yachting stage, highlighted by the launch of the motor yacht Cakewalk (now Aquila), which at 2,998 tonnes, is the largest yacht ever built in the U.S.<img src="https://photo-assets.superyachttimes.com/photo/251762/image/large-edb6290204fc28da2a664f527cfda01c.jpeg" data-gid="gid://syiq/Photo/251762">How did the business evolve from those early days?Transitioning from wood to aluminium, from cruising boats to race boats, from sail to power, then to larger yachts and commercial boats, and now a leader in hybrid vessels… It’s quite the evolution over time. But more than that, from the beginning; has been the driving passion to create, to build, and to innovate - to do things in different and better ways.<img src="https://photo-assets.superyachttimes.com/photo/251763/image/large-7b5036e878eb4014ff2d8eab901cb78c.jpg" data-gid="gid://syiq/Photo/251763">Why do you think&nbsp;<a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a>&nbsp;has continued to succeed and expand while so many American shipyards have disappeared?Remaining flexible to shifting market demands has driven <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a>’s continued success throughout these seventy-five years. We take pride in the ability of our people to excel in multiple disciplines while continuing to deliver superior craftsmanship, whether working on an ultramodern superyacht or a rugged commercial vessel. This is evident throughout our history where <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> regularly adopted new and revolutionary ways to do things in different and better ways.<img src="https://photo-assets.superyachttimes.com/photo/251772/image/large-ba7a9f9617057bc1fa1b2b7aa243871c.jpg" data-gid="gid://syiq/Photo/251772">How does the team manage the shipyards and marinas across the various states?&nbsp;Each <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> yard is uniquely different and structured to serve specific clientele under direction of knowledgeable general managers and experienced tradespeople. Paul Derecktor, President and CEO, works alongside our executive team setting our course for the future, while other business functions like business development, marketing, sales, accounting and purchasing are all centrally managed.The New York yard is a repair and refit hub for the region’s commercial fleet, along with power and sailing yachts under 40 metres. Additionally, the yard continues Bob Derecktor’s legacy of delivering innovative commercial vessels as a leader in hybrid construction and is ideally positioned to support the development of the nation’s emerging offshore wind farm industry. <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> Robinhood in Georgetown, Maine, is a relaxing destination marina with a yard capable of accommodating sail and power yachts up to 34 metres.<img src="https://photo-assets.superyachttimes.com/photo/251769/image/large-8459974c1b884b2fb60ea9ce56f4898f.jpg" data-gid="gid://syiq/Photo/251769"><a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> Dania, Florida, is widely recognized as a global leader in expert superyacht repair or complete refit. Our combination of experience, professional project management and never-ending attention to detail is renowned for producing unrivalled results and customer benefit. From our deep, protected 17-acre site to our 900-tonne mobile boat hoist, Dania is set up to handle virtually any project up to 65-metre with minimum stress and maximum efficiency.<a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> Ft. Pierce was specifically designed and developed with the 75-metre, 900-tonne and up fleet in mind. It’s home to the largest mobile boat hoist in the Western Hemisphere – a massive machine with a 1500-tonne hauling capacity. This new global port of call offers the same superior service and project management <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> clients have come to expect and is conveniently located 45 nautical miles north of West Palm Beach, FL, in the quaint beachside town of Fort Pierce. Situated directly inside Fort Pierce Inlet, the facility offers deep water access to the Atlantic Ocean with unlimited overhead clearance, it’s now an ideal choice for the global fleet of superyachts and large sailing yachts.<img src="https://photo-assets.superyachttimes.com/photo/251770/image/large-2ed1e5c9d6494c35283f1b5367fe8e66.jpg" data-gid="gid://syiq/Photo/251770">What are the plans for the new facility in Fort Pierce?<a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> has invested significant resources into Fort Pierce and is committed to creating a shipyard capable of rivalling any in the world. The MBH 1,500 and access to South Florida’s extensive network of specialised marine vendors and subcontractors is imperative, as is the community where captains and their crews will call home during their yard period. Fort Pierce, with its laid-back atmosphere and old Florida vibe, is a special place we believe everyone will enjoy. We welcome the yacht industry to come check it out, one might be surprised at what we have to offer.<img src="https://photo-assets.superyachttimes.com/photo/251773/image/large-bdde7c5251b78a392a7c30479f6d081b.jpg" data-gid="gid://syiq/Photo/251773">Will the new construction sector continue to be a focus of the business – do you foresee this expanding as other shipyards close down?<a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> is more than capable of building a sophisticated luxury yacht, but committing to such a project would depend entirely on scope and yard capacity. Fort Pierce offers more flexibility in accommodating a wider variety of vessels and available workspace. While we haven’t launched a yacht since Cakewalk in 2010, we would certainly be open to discussing opportunities now or in the future. <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> will remain an industry leader in the construction of commercial hybrid electric vessels. We are actively developing sustainable propulsion solutions for new build projects and the repowering of existing vessels.With eyes and minds firmly set on the future, <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> will continue to be a stalwart of the American yacht building industry and a reliable face for yacht owners arriving in the U.S. from the world over. We look forward to seeing them in their element this October at the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale International Boat Show - 2022">Fort Lauderdale Boat Show</a>!This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/yacht-news/superyacht-times-issue-43-newspaper-launched" target="_blank">Issue 43 of SuperYacht Times newspaper</a>.&nbsp;To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper,&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

The history behind Derecktor Shipyards

Bob Derecktor’s shipyards have been a stalwart of American yacht building for 75 years, we found out a little more about this historic company.

Derecktor Shipyards: Born in the USA

<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has acquired 49 percent of the share capital of <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a>, a company focused on plant engineering design, production and installation of electrical and naval electronics, as it “continues to verticalise its strategic suppliers”.&nbsp;The Italian luxury yacht builder acquired its share capital for a value close to €2.7 million, an investment that will bring a wealth of knowledge and skills oriented toward the “development of projects attentive to the sustainability of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>” from the highly specialised company. <img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-7b5718deb5680c4926c86d70113ad2a3.jpg" data-gid="gid://syiq/Photo/261779">Read:&nbsp;<a data-gid="gid://syiq/Article/57162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo announces €1b backlog and intention to acquire Simpson Marine (2023-03-16 10:15:00 +0100)">Sanlorenzo announces €1b backlog and intention to acquire Simpson Marine</a>Massimo Perotti, President and Chief Executive Officer of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, commented “I am happy to announce <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s investment in <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a>, a strategic partner of ours, which allows us to take a further step in strengthening the supply chain. <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a> represents excellence in its field, having built its own success through many technological innovations. In recent years, it has also developed significant experience in the field of propulsion electric and hybrid; this know-how makes this operation fully consistent with our “Road to 2030” vision for the development of innovative and sustainable technologies capable of revolutionising yachting. I am sure that <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a>'s contribution will be invaluable for our journey"

Sanlorenzo acquires share capital of Sea Energy

Sanlorenzo has acquired share capital of Sea Energy, as it “continues to verticalise its strategic suppliers”. 

Sanlorenzo acquires 49% share capital of Sea Energy for €2.7m

Strong headway has been made in Amsterdam with the forthcoming <a data-gid="gid://syiq/Company/6736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dutch Superyacht Tech Campus (Company)">Dutch Superyacht Tech Campus</a>, as construction moves forward. The first phase of the quay is being built and the process of making 22 hectares of extra land is still ongoing but taking shape quickly.&nbsp;The team will enter phase two, building docks one, two and three next month, with completion expected by June 2023. In the coming weeks, work should also commence on the quays and floating pier.<img src="https://photo-assets.superyachttimes.com/photo/263037/image/large-ecf82b72fcc7ec28f2bb7e5ce93b8313.jpg" data-gid="gid://syiq/Photo/263037">The historic 53-hectare plot of land in the western port area of Amsterdam was acquired by the investment company Larendael in November 2022 and ground was broken last summer. The <a data-gid="gid://syiq/Company/6736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dutch Superyacht Tech Campus (Company)">Dutch SuperYacht Campus</a> aims to be “the most innovative location for the construction, refit and maintenance of superyachts”.<img src="https://photo-assets.superyachttimes.com/photo/262865/image/large-2b21708ca39e03b2a1ecce729b35d85d.jpg" data-gid="gid://syiq/Photo/262865"><img src="https://photo-assets.superyachttimes.com/photo/262866/image/large-5aa49406b0b919144e62cb8bb625ca85.jpg" data-gid="gid://syiq/Photo/262866">Read:&nbsp;<a data-gid="gid://syiq/Article/53993" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dutch Superyacht Tech Campus unveiled: Construction and refit site in Amsterdam (2021-11-02 09:00:00 +0100)">Dutch Superyacht Tech Campus unveiled: Construction and refit site in Amsterdam</a>The <a data-gid="gid://syiq/Company/6736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dutch Superyacht Tech Campus (Company)">Campus</a>, located in the Amsterdam harbour, is very accessible tideless and will offer space for yachts up to 200 metres long. It has been designed to encourage specialists to work together at one location, to design and produce yachts from start to finish whilst facilitating training activities. <img src="https://photo-assets.superyachttimes.com/photo/262864/image/large-fb3fbeba2fe36682fc7c36df37e6e771.jpg" data-gid="gid://syiq/Photo/262864">Read:&nbsp;<a data-gid="gid://syiq/Article/55339" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Construction underway for the Dutch Superyacht Tech Campus in Amsterdam (2022-06-13 12:30:00 +0200)">Construction underway for the Dutch Superyacht Tech Campus in Amsterdam</a>Once completed the <a data-gid="gid://syiq/Company/6736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dutch Superyacht Tech Campus (Company)">Campus</a> will be a site that will host numerous buildings for education, research and development, as well as innovation labs and production halls. It will also have four docks for yachts up to 200-metres in length and three for those up to 155-metres.&nbsp;An additional 40 mooring points will be available and 25 refit spots on shore, which will be serviced by a lift capable of carrying 80-metre yachts.

Dutch Superyacht Tech Campus in Amsterdam

Strong headway has been made as construction moves to the next stage for the Dutch Superyacht Tech Campus. 

Second construction phase underway at Dutch Superyacht Tech Campus in Amsterdam

<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has announced their new project Scuola dei Mestieri (School of Trades), a professional training course for 18 to 30-year-olds looking to build a career in boatbuilding.<img src="https://photo-assets.superyachttimes.com/photo/263034/image/large-67848c46907f1bd04f21730f85a281ec.jpeg" data-gid="gid://syiq/Photo/263034">The course combines theory and experience in the yard, with the programme offering classroom sessions and workshops to on-the-job training in production department. The course aims to create real career opportunities for participants, such as naval carpentry, deck fitting, engine mechanics, the list goes on.The first edition of the three-month course officially launched in March, and will be held at the “Don Bosco” Professional Training Centre in Forlì. After this first stage in Forlì, the Scuola dei Mestieri will move to Mondolfo and Sarnico in September to involve more young people in the new project. As a world leader in the design, construction, and sales of luxury yachts, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> will share their expertise to the participants. The classroom courses will be held by managers and key technical experts who have worked in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.<img src="https://photo-assets.superyachttimes.com/photo/263033/image/large-8e97e43859dcc4c1858444f989e3b0af.jpeg" data-gid="gid://syiq/Photo/263033">“We see it as our duty towards the community, as well as a pleasure, to share the precious expertise acquired over the years by <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> with young people keen to embark on this adventure, which we hope will be the beginning of a fruitful and long-term career,” announced the Company. “In September, following the kick-off in Forlí, the format will be used in the Mondolfo and Sarnico yards to train carpenters and mechanics respectively. We are extremely glad to be able to contribute in this way to the formation of a new generation of skilled workers.&nbsp;The three-month course is paid as if it were an extra-curricular internship. At the end of the three months, participants will receive certificates from both the company and the local government.

Ferretti Group announces new project Scuola dei Mestieri

Ferretti Group has announced their new project Scuola dei Mestieri (School of Trades).

Robert Lama has joined the <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> team as a Sales Consultant based out of the Fort Lauderdale office.<img src="https://photo-assets.superyachttimes.com/photo/49166/image/large-e22efe6e2a46f17cc0ded2f7ce0609ea.jpg" data-gid="gid://syiq/Photo/49166"> Lama began his career in the commercial insurance industry, purchasing a small firm and transforming it into Lama Insurance, which became one of New York’s largest brokerages. After selling the firm to First Niagara Financial Group, Rob was appointed as the company’s Senior Vice President, where he guided the Insurance Division with over $600,000,000 in annual sales. He also founded Lama Commercial Real Estate, where he negotiated site acquisitions for a number of large American retailers, including Walmart, CVS, and Rite Aid. During this time, Lama owned a yacht in Miami for his entire family to enjoy.&nbsp;After moving to Miami, Lama combined his love of yachting with his business acumen, establishing <a data-gid="gid://syiq/Company/5135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Miami International Yacht Sales LLC. (Company)">Miami International Yacht Sale</a>. Lama’s business and negotiation experience enabled him to find his niche in the sale of vessels over 30-metres. He now joins <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> in 2023 after many years of successfully running his own yacht brokerage firm. Lama takes pleasure in finding the perfect yacht for his clients, and supporting them throughout the process.&nbsp;

Robert Lama joins the IYC team

Robert Lama has joined the IYC team as a Sales Consultant based out of the Fort Lauderdale office.

<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a> (<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a>) has signed an exclusive partnership with <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> for the US market. <img src="https://photo-assets.superyachttimes.com/photo/247252/image/large-61b746cbc710710c0b918f3424926429.jpg" data-gid="gid://syiq/Photo/247252">“We have chosen <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> as a partner for the US market because we have already had the opportunity to realise that we share the same approach and enthusiasm to yachting and we both are truly committed to customer care,” Vasco Buonpensiere, co-founder and CEO of <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a>, commented.<img src="https://photo-assets.superyachttimes.com/photo/252324/image/large-827ea5d635e2cb0415deb33ca2da5470.png" data-gid="gid://syiq/Photo/252324">“We decided to team up with one of the most reputed and well-established companies in the field, <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>, which will provide forward-thinking advice and support to owners and brokers throughout the process of purchasing and managing a yacht built by <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a>.”<img src="https://photo-assets.superyachttimes.com/photo/262723/image/large-48a70d5e7986240c07053eff073e590d.jpg" data-gid="gid://syiq/Photo/262723">"<a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> will act as a real <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> sales office in the US, therefore becoming also a very important reference point for the American brokerage community which will deal with <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> on the same terms as they would deal directly with the shipyard,” Buonpensiere continued.<img src="https://photo-assets.superyachttimes.com/photo/262722/image/large-f636b226d57f16e148be52ab8eba3529.jpg" data-gid="gid://syiq/Photo/262722">

CdM signs exclusive partnership with IYC

Cantiere delle Marche (CdM) has signed an exclusive partnership with IYC for the US market.

CdM signs exclusive partnership with IYC for US market 

After attempting to meet up during a very busy boot Dusseldorf, we finally had the chance to sit down with Nick Gelevert, Founder and CEO of <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a> over Teams in early February. Nick comes from a long line of yacht brokers, his grandfather Hans Lengers founding the Netherlands’ first brokerage. Today Nick is both the CEO of the ‘first Dutch superyacht charter company’ <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a> with seven international offices and an impressive portfolio of pedigree yachts, and the Sales Director of brokerage firm <a data-gid="gid://syiq/Company/359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lengers Yachts (Company)">Lengers</a>. With expansion always on his mind, Nick has much in store for the boutique charter firm. SYT found out more. <img src="https://photo-assets.superyachttimes.com/photo/262239/image/large-028247e85db04278e4d7d6c2adfec517.jpeg" data-gid="gid://syiq/Photo/262239">With a legacy of brokerage in your family, was it always your plan to become a broker?I was born and raised in the midst of the yachting industry, and of course it came to my mind from a young age that I might work in the industry as well. My grandfather started selling yachts in the 1970s and there was also a boat building business within the family, so yachting is truly part of my family heritage. When the time came for me to start my first business however, I decided to break from the family tradition and I founded a company within the real estate industry. I think it was partly a youthful rebellion – I was only 23 – but I quickly realised that I’d made a mistake not following my passion for the yachting industry.I had been an active and competitive sailor from the age of eight, racing every week, and of course having grown up within my family, yachting was truly where my heart lay. So I &nbsp;decided to pivot the concept I’d created within the real estate industry, and do something similar within yachting. The business became <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters</a>; the first AirBnB for boats. <img src="https://photo-assets.superyachttimes.com/photo/69988/image/large-e5de394c61cf3a6b29fbcc9408e9bf14.jpg" data-gid="gid://syiq/Photo/69988">So how did an AirBnB for boats transform into a superyacht charter brokerage house?In 2015 we launched the platform and were the first in the world to do so. There were some other early adopters but we grew very quickly, operating in 63 countries with 12,000 boats available for rent. It was a successful beginning but we quickly realised that in order to become a truly profitable business, we would need a huge operational network. Boats are nothing like houses; they need work, maintenance and expansive shoreside support.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/50182/image/large-00c42362b1bed144ada7b119cd9afc4f.jpg" data-gid="gid://syiq/Photo/50182">Why do you think that the company has done so well – how do you stand out from the crowd?At the same time as I was having these thoughts, clients from Lengers were generating leads and asking questions about Boatsters and enquiring if I could assist them with yacht charter. From these leads came a very organic transition into <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a>, where we began to work with crewed yachts above 20-metres. Not long after this transition, we took Boatsters offline and I focused my energies on the development of the superyacht charter business. Since that decision we’ve opened international offices, are managing some very exciting yachts and expect to double our fleet in 2023. The company is positive and profitable and with the direction we’re currently going, we will be one of the top players in the charter industry within a few years.&nbsp;I believe that our approach is what makes us stand out. We are a boutique charter company, and we don't have aspirations to be the biggest, we want to provide the best service to a limited number of clients. We have regular contact with owners, we offer a personal concierge service for onshore support, we are incredibly active and make our clients really feel how much we value them. <img src="https://photo-assets.superyachttimes.com/photo/216778/image/large-e3b74dc8cf7cf04994e4b19dd6e7c678.jpg" data-gid="gid://syiq/Photo/216778">What has it been like breaking into an industry that has been dominated by long standing and large companies, such as&nbsp;<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a>&nbsp;or&nbsp;<a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>?When we set out we knew it would be like David and Goliath, but I have always enjoyed a challenge. My aspiration when we set out was to establish <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a> as the industry’s first Dutch charter house, just as my grandfather was the first Dutch broker. I am happy to say we’ve achieved that goal and now we are looking to the next challenge.&nbsp;The yachting industry has an obsession with being the biggest, with companies claiming ‘the biggest charter fleet’ or the most charters completed, but what does that actually mean for the client? Very likely it means an impersonal approach, with yachts being managed by a conglomerate rather than a person &nbsp;– we do not aspire to become that kind of business!&nbsp;What are your plans for the future for the business?The next stage is expansion. We’ve built a base from which the company can grow exponentially and my attention first will be to make sure that our services are the best they can be. We aren’t going to be accepting any and all boats to the fleet, but really making sure that the yacht is able to offer clients the best services, with a stable crew and good knowledge base.&nbsp;In 2022 we had a revenue of over €12 million and with an expansion into the full spectrum of services including crewing and management, I expect that to see a stable increase this year. <img src="https://photo-assets.superyachttimes.com/photo/216755/image/large-6c1f9a59bba24e5170d83edfc3039cf0.jpg" data-gid="gid://syiq/Photo/216755">Finally, what advice would you give to an aspiring entrepreneur?Firstly, focus on an aspect of this industry and be the best at that aspect. There are so many generalists within yachting and what there needs to be is more specialists. Secondly, know your product better than your client, there are too many brokers out there who don't truly understand superyachts and that does a disservice to clients and dissuades people from remaining in yachting.<img src="https://photo-assets.superyachttimes.com/photo/262241/image/large-7cb830fd8f9d3ab3775a8b19035afdb5.jpeg" data-gid="gid://syiq/Photo/262241">Nick GelevertAge: 32Nationality: DutchSales revenue last 36 months: €200 million&nbsp;Company founded: 2014This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-44" rel="noopener noreferrer" target="_blank" title="">Issue 44 of SuperYacht Times newspaper</a>.&nbsp;To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper,&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

Interview with Nick Gelevert of Boatsters Black

We interviewed Nick Gelevert, CEO of Boatsters Black, for the latest edition of our Entrepreneur in Yachting series.

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Building the first Dutch superyacht charter brokerage: Nick Gelevert of Boatsters Black

Turkey-based builder <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a> has announced the appointment of Ali Tanir as General Manager. Ali Tanir joins the team with almost 20 years of experience in international operations and an extensive background within the industry.<img src="https://photo-assets.superyachttimes.com/photo/262377/image/large-8d67ef81bc2b6b444f4370ddc91cba84.jpg" data-gid="gid://syiq/Photo/262377">For the past 11 years, Ali Tanir worked at various positions at <a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a> ranging from Communication and Brand Manager to Head of International Sales. Prior to joining <a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a>, Ali Tanir worked for a number of companies and institutions on the market, namely Istanbul Offshore Club, <a data-gid="gid://syiq/Company/1198" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vicem Yachts (Company)">Vicem Yachts</a>, <a data-gid="gid://syiq/Company/5761" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yuka Yacht (Company)">Yuka Yacht</a> and the UIM Class 1 Powerboating series."We strive to establish ourselves in the elite of the yachting world, and the new move will help us to achieve this," said Coskun Bayraktar, Founder and Owner of <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF Yachts</a>. "I believe Ali Tanir is the perfect executive for the role of our new General Manager and with him leading the way we will be able to realise the most daring plans."<a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a> has already delivered three 24-metre <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a> 80 catamarans since 2020 and is preparing to launch the fourth unit in the series.&nbsp;

VisionF Yachts appoints Ali Tanir as General Manager

Turkey-based builder VisionF has announced the appointment of Ali Tanir as General Manager. 

<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has acquired a 70,000 square-metre located production site in Ravenna, Italy, which was financed entirely with equity raised by the company’s listing on the Hong Kong stock exchange.<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> is a world leader in the design, construction, and sales of luxury yachts. Led by Chief Executive Officer Alberto Galassi, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> owns and manages seven shipyards across Italy and has recently announced the acquisition of a new production facility in San Vitale, province of Ravenna.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/205162/image/large-55c378269a7c50145cf5561442898726.jpeg" data-gid="gid://syiq/Photo/205162">“Ravenna is the right home for Wally sailing yachts and the expansion of our other brands, starting with the extraordinary <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> Yachts<a data-gid="gid://syiq/YachtModel/12694" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti InFYnito 9026.97m (88'6&quot;)">&nbsp;INFYNITO&nbsp;</a>range. We choose Italy again and invest not only to become stronger but also to hold the flag high for an industry that is a symbol of our country: luxury yachting and the extensive entrepreneurship and artisan craftsmanship network that is the admiration and envy of the entire world,” commented <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> CEO, &nbsp;Alberto Galassi. <img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-395cb676eccc2227c5cd58d5e78808e0.jpg" data-gid="gid://syiq/Photo/220951"><a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">The Ferretti Group</a> will invest a total cost of 80 million euros towards the 70,000 square-metre site, including a dry dock. The initial acquisition investment cost the Italian company around 40 million euros, while over the next three years, a further 40 million euros will be needed to craft new production spaces and an R&amp;D centre.&nbsp;This acquisition underpins the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group’s</a> ambitions and growth strategy, with this recent facility looking to enable them to increase their production by 20%. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group&nbsp;</a>CEO Alberto Galassi explains how this “acquisition keeps a promise” as <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> “have big plans and picture a state-of-the-art production site from every point of view: worker well-being, positive social impact, and environmental protection.” The new space is conveniently close to their Forlì headquarters and Cattolica shipyard. Other investments from the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> have included expansions across the La Spezia and Ancona Superyacht Yard, which aligns with the Italian company’s five-year growth strategy.The acquired production site has been speculated to be that of the<a data-gid="gid://syiq/Company/4643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rosetti Superyachts (Company)"> Rosetti </a>shipyard.&nbsp;

Ferretti Group expands and acquires a Ravenna site

Ferretti Group acquires a production site in Ravenna, forming part of their five-year growth strategy.



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Ferretti Group acquires 70,000 square-metre production site in Ravenna, Italy

During the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> “Road to 2030” business presentation, the Italian shipbuilder detailed its strategy toward a carbon-neutral future, confirmed its strong financial health and announced its intention to acquire <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a>.<img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-33c2013c7f70e6061b95ebfb1d89c641.png" data-gid="gid://syiq/Photo/261779">The attitudes toward luxury and yachting are changing fast in China, and <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> “expects big growth in Asia”, Massimo Perotti, Chairman and CEO of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, explained during the conference. “In the last year, we have seen two signs indicating change. The first is the Hainan Highlands – considered the monte-carlo of China – becoming a free tax zone. So the Chinese can go to Hainan Highlands and buy a yacht without paying taxes. A big achievement. Secondly, there is a programme from the government to increase the number of marinas from Hong Kong to Macau.”&nbsp;<a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> is the oldest and most established yacht dealer in Asia and the exclusive dealer of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> in the region. According to Ferruccio Rossi, Executive Director &amp; General Manager of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> currently generates around €90-100 million annually, with “growing potential” for more sales in the region. <img src="https://photo-assets.superyachttimes.com/photo/186547/image/large-027506dd02607cf9f9f97c2bd2ae425b.jpg" data-gid="gid://syiq/Photo/186547">Read:&nbsp;<a data-gid="gid://syiq/Article/54941" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="How Hong Kong could ignite a yachting boom in China (2022-04-12 14:00:00 +0200)">How Hong Kong could ignite a yachting boom in China</a>Outside of Asia and looking at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> more generally, the builder confirmed outstanding financial health with a backlog (as of 31 December 2022) cleared from Net Revenue New Yachts amounting to €1,069.6 million, compared to €915.6 million as of 31 December 2021. <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> confirmed record-breaking orders for €452.2 million beyond 2023.&nbsp;An interesting phenomenon cited in the conference was a decrease in the average <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> client. Prior to the Covid-19 outbreak, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> buyers were, on average, 56 yet post-lockdown years, this age now stands at 48 – a significant decrease that brings a “new mindset to the yachting industry”<img src="https://photo-assets.superyachttimes.com/photo/178254/image/large-41061535f69fe7ca1d2c1b710787f63e.jpeg" data-gid="gid://syiq/Photo/178254"><a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has found that their average buyer is not only younger but is now spending twice as much time on board, with estimates as high as 120 days per year. Novel technologies such as Starlink support this trend, as owners can stay connected near enough anywhere in the world.&nbsp;In regards to its sustainability mission in the superyacht sector, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> confirmed it is still on track to launch the first 50 Steel equipped with methanol fuel cells to power all on-board services next year; and in 2028, it will launch the first superyacht – another 50 Steel – to be powered solely by methanol. <img src="https://photo-assets.superyachttimes.com/photo/192118/image/large-739ebb232bb40646a582286340b4632e.jpeg" data-gid="gid://syiq/Photo/192118">Read:&nbsp;<a data-gid="gid://syiq/Article/56805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo to launch 'net-zero' superyacht in 2027 (2023-01-24 12:30:00 +0100)">Sanlorenzo to launch 'net-zero' superyacht in 2027</a>Looking forward, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> expects to see high single-digit CAGR, starting with a forecast for 2023 between €810-830 million, up by 11% from 2022. <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> also expects its margin to increase significantly, with an EBITDA margin equal to or greater than 19.5% in 2025.&nbsp;<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> plans to invest between €143-155 million over the next three years. It will also expand its current portfolio of models from 26 to 36, comprising 17 in the yacht business unit, 8 in the superyacht business unit and 11 <a data-gid="gid://syiq/Company/5648" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluegame (Company)">Bluegame</a>.&nbsp;

Sanlorenzo business report and intention to acquire Simpson Marine

Sanlorenzo announces strong financial health and the intention to acquire Simpson Marine during its “Road to 2030” business presentation. 

Sanlorenzo announces €1b backlog and intention to acquire Simpson Marine

The third edition of the <a data-gid="gid://syiq/Event/165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea You - Yacht Sales & Charter Days - 3rd">Sea You - Yacht Sales and Charter Days</a> will take place at <a data-gid="gid://syiq/Company/383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Genova (Company)">Marina Genova</a> on Wednesday 12 and Thursday 13 April 2023.<img src="https://photo-assets.superyachttimes.com/photo/256416/image/large-878b338296487c1a3aa3838d25273333.jpg" data-gid="gid://syiq/Photo/256416">An exhibition event for boats available for sale and charter, <a data-gid="gid://syiq/Event/165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea You - Yacht Sales & Charter Days - 3rd">Sea You - Yacht Sales and Charter Days</a> is a meeting point for professionals in the yachting industry, from captains to shipyard suppliers and service companies. Throughout the event, it will be possible to visit the yachts by appointment and attend the various scheduled presentations, talks and events.<a data-gid="gid://syiq/Event/165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea You - Yacht Sales & Charter Days - 3rd"><img src="https://photo-assets.superyachttimes.com/photo/263107/image/large-d39889df94d5e62a561439daaa4e07c9.jpg" data-gid="gid://syiq/Photo/263107">Sea You - Yacht Sales and Charter Days</a> will host the second Superyacht 24 Forum at 10:00 on Wednesday 12 April 2023. The topic of the forum is “The refit of Superyachts in Italy: an excellence to defend,” which will discuss new development, innovation and sustainability projects in the refit of Superyachts in Italy, with contributions from shipyards, captains and industry experts.<img src="https://photo-assets.superyachttimes.com/photo/263113/image/large-3950f9a8d38952836bc6d0cec3a0e4c1.jpg" data-gid="gid://syiq/Photo/263113">Also at the event will be an exhibition of 18 architectural projects on the theme of charter superyachts, created by Master’s students from the University of Architecture of the Naval Design and Yacht Design department of La Spezia.<img src="https://photo-assets.superyachttimes.com/photo/263110/image/large-a896d30ed0a314e6368c6a5df32968a4.jpg" data-gid="gid://syiq/Photo/263110">The event also welcomes yacht crew and is hosting two exciting crew workshops: “An Unforgettable Tabletop: The Mise en Place secrets You were looking for” for formal and informal events on board, organised by Soloportofino in cooperation with Rosenthal and Sambonet and another about the art of flair bartending, with teachers of the Genoese school “Bump Academy”.<a data-gid="gid://syiq/Event/165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea You - Yacht Sales & Charter Days - 3rd"><img src="https://photo-assets.superyachttimes.com/photo/263109/image/large-5a5a20a22cc4a31fcea14cadcdc318a4.jpg" data-gid="gid://syiq/Photo/263109">Sea You - Yacht Sales and Charter Days</a> will once again be held at <a data-gid="gid://syiq/Company/383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Genova (Company)">Marina Genova</a>, a leading marina for large yachts in the Mediterranean. The marina is among the few Mediterranean marinas able to offer hospitality to superyachts up to 130 metres in length and offers over 400 berths, 130 of which accommodate yachts up to 130 metres. Additionally, the marina is home to the largest refuelling docks in the Mediterranean (from 100 to 150 metres).<img src="https://photo-assets.superyachttimes.com/photo/263105/image/large-d3796fb1c5fa95ca406a0b181be70894.jpg" data-gid="gid://syiq/Photo/263105">A high level of service dedicated to all superyacht needs, including refit and repairs, is guaranteed at <a data-gid="gid://syiq/Company/383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Genova (Company)">Marina Genova</a>, as well as services such as shops and restaurants. <a data-gid="gid://syiq/Company/383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Genova (Company)">Marina Genova</a> is located only a few minutes from the centre of Genoa and within the luxury triangle of the Mediterranean, between Portofino, Porto Cervo and Saint Tropez.<img src="https://photo-assets.superyachttimes.com/photo/263104/image/large-7e07ca1a7a9ddb232aae42f67c0bee34.jpg" data-gid="gid://syiq/Photo/263104">

Sea You - Yacht Sales and Charter Days to return to Marina Genova

Sea You - Yacht Sales and Charter Days will be returning to Marina Genova, Italy, on 12 and 13 April 2023.

Sea You - Yacht Sales and Charter Days will return to Marina Genova on 12 and 13 April 2023

Peter Wilson is co-founder of <a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a>, one of the industry’s leading yacht construction and management firms. Originally from the UK, he settled in Newport, USA, in the late 1980s and set up <a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a> with business partner Nigel Ingram. Both partners have extensive sailing experience – racing and bluewater cruising – but they have also represented owners on numerous motoryacht projects, including 58-metre <a data-gid="gid://syiq/Yacht/6007" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Najiba58.0m (190'3&quot;)Feadship2019">Najiba</a> (<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>), 49.8-metre <a data-gid="gid://syiq/Yacht/6107" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Toute Sweet49.8m (163'5&quot;)Heesen Yachts2019">Toute Sweet</a> (ex-Erica, <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>) and 67-metre <a data-gid="gid://syiq/Yacht/8735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Calex67.0m (219'10&quot;)Benetti SpA2022">Calex</a> (<a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>). Outside of work, Peter enjoys cycling, sailing, motorbiking, photography and tending to his beehives.<img src="https://photo-assets.superyachttimes.com/photo/261482/image/large-8f42f4d17c286aa23635d9c9afd0624b.jpg" data-gid="gid://syiq/Photo/261482">How did you and Nigel meet and what sparked your decision to set up a company together?&nbsp;We met in Antigua in the ‘70s and became fast friends. In 1988 I was wrapping up an America’s Cup challenge and Nigel was finishing the build of a new yacht. We started chatting about what was next. As yachts were getting larger and more complicated, we felt clients needed an advocate to represent their best interests. We also believed there should be more discipline in terms of fiscal and time-related control imposed on the build process. And after 35 years it appears there was indeed a need!<img src="https://photo-assets.superyachttimes.com/photo/171475/image/large-def9b7fbcd7516e5756f79bc7fc282d0.jpg" data-gid="gid://syiq/Photo/171475"> You’re a sailor and in the past&nbsp;<a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a>&nbsp;was best known for its sailing yacht projects, but you’re now taking on more motor yachts with brands like&nbsp;<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>&nbsp;and&nbsp;<a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>. Was this a straightforward transition and how does your role change between sail and power?&nbsp;When one considers today’s sailing superyachts and their relative systems, they have more complications than the equivalent motor yachts. For example, both types of vessels have engines, generators, HVAC, AV/IT systems, cooking and domestic appliances, desalination and sewage treatment plants, and so on. But on a sailing yacht there are also masts, rigging, captive winches, booms, hydraulic furling and tensioning systems and appendages like lifting keels – all in a hull that is usually less voluminous than a motor yacht. So the transition from a technical standpoint is quite straightforward, although it should be noted that we have been doing motor yacht projects for many years and so they are not new territory for us.&nbsp;In terms of role differences, in the sailing yacht world there is more focus on the nuances of sailing performance, whereas on motor yachts the performance is well defined and based on engine kilowatts, propeller designs and, of course, the hull shape. The interiors, outfitting, finish and quality are equally important on every superyacht.<img src="https://photo-assets.superyachttimes.com/photo/180780/image/large-1604c001b0dc9b9c1caaa60d0e99d298.jpeg" data-gid="gid://syiq/Photo/180780">What kind of decisions can you make on your own and which require the owner’s approval?&nbsp;This depends largely on the involvement and experience of the client. In many cases, we have clients that are knowledgeable and have had a string of yachts before. In those cases, the client is often closely involved and brings that experience to bear, and it can be a very collaborative affair. Where a client is perhaps building for the first time, they may need more guidance. In either case, we present them with the options available in a clear and concise manner when a decision is required and recommend the one we feel is the right choice. This gives the client the benefit of our experience and the requisite information on which to base an informed decision.<img src="https://photo-assets.superyachttimes.com/photo/92787/image/large-25fbaa062214a0955512eecbe552c80e.jpg" data-gid="gid://syiq/Photo/92787">Do ‘involved’ owners make your job easier or more difficult?&nbsp;Having a client closely participate in the project typically makes it more memorable for them as they are really creating their vision. In turn, this makes it more enjoyable for the entire team. Designing and building a yacht is a terrific endeavour and may be a once-in-a-lifetime opportunity, so we strive to make it a rewarding experience for the client. We have developed great friendships with many of our clients that outlast the build process. <img src="https://photo-assets.superyachttimes.com/photo/68864/image/large-d01918c154c9386a1eba29b93edea26b.jpg" data-gid="gid://syiq/Photo/68864"><a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a>&nbsp;offers yacht construction and management services. Does it make more sense if the same agency does both?&nbsp;When we started <a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a> in 1988, we didn’t have a yacht management division. However, once we had a few yachts ‘under our belts’ it became abundantly clear that there was a requirement for post-construction support the and formalising that support in the form of a yacht management division was a service that yacht owners needed. As the vessel progresses from the build phase to the operational phase, having one company providing both services makes for a seamless transition. Not least because by that stage we have a long-standing relationship with the client, we know the vessel inside and out, we have all the data, drawings and manuals, and we know which design decisions were made and why.The rules and regulations surrounding vessel navigation and operation have also increased exponentially and the burden is such that captains and crew require shore-based support. Furthermore, the client benefits from the continuity <a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a> offers; crew inevitably come and go, but we are the common thread and institutional knowledge about the yacht and the programme. <img src="https://photo-assets.superyachttimes.com/photo/75757/image/large-814590a2342fc3180dd4d70ca59bd2d7.jpg" data-gid="gid://syiq/Photo/75757">Do you bring in your own preferred suppliers and/or subcontractors for new-build projects, or is that always up to the shipyard?&nbsp;To ensure there is no perceived conflict of interest, we remain fiercely independent. However, over many years of operation we’ve developed strong relationships with quality suppliers, manufacturers and vendors and can recommend those to the shipyard. We also have real-world experience as to how the equipment performs at sea. However, it is the shipyard that has overall responsibility for the construction process and provides the warranty, so they ultimately decide which suppliers and subcontractors are the best fit and those they prefer to work with. &nbsp;What would you change about the way we work in the superyacht industry?&nbsp;The elapsed time from the first conversation to the yacht being handed over can be many years. As an industry, we are always seeking ways to be more efficient and shorten the time required to build one of these masterpieces &nbsp;while maintaining the high quality standards expected. The other challenge is how to build yachts that can operate in an environmentally friendly way. Emissions are being lowered. We need to continue that trend to protect the marine environment we all so enjoy.<img src="https://photo-assets.superyachttimes.com/photo/217714/image/large-e37cd890a97c5e166adce7d9d371918b.jpg" data-gid="gid://syiq/Photo/217714">Beyond the technical qualifications, what are the personal attributes needed to be a successful owner’s rep?&nbsp;On the personal side, attributes such as honesty, integrity, patience and respect. Being a good listener is also profoundly important. Other key qualities include staying focused, open-minded, nimble and the ability to adapt. Managing expectations is the most challenging aspect of the job. As these projects become larger and costlier, there are many facets to consider and with sometimes differing agendas, so the ability to develop a team with members sharing a common goal, is fundamental.&nbsp;Lastly, the experience of having been to sea in a multitude of yachts in wide-ranging conditions is enormously helpful. Knowing what happens on the blackest of nights when the wind is fierce enough to blow the oysters off the rocks and the seas become mountains, is a great help when discussing the design and construction of our projects.&nbsp;This article was originally published in September 2022 of Issue 1 of the How to Build It magazine. <a href="https://superyachttimes.com/api/download/how-to-build-it-issue-1" target="_blank">You can download the entire magazine for free here</a>.

Interview with Peter Wilson of MCM

Justin Ratcliffe sat down with Peter Wilson of MCM about the technicalities behind yacht construction management.

Expert Insight: Peter Wilson, Founder of MCM, on yacht construction management

Turkey-based builder <a data-gid="gid://syiq/Company/6581" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FDC Yachts (Company)">FDC Yachts</a> has unveiled the second model in the Aluna series, the 39-metre Aluna 127. The full displacement yacht has been developed in cooperation with <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a> and can be used as a support yacht or as an expedition vessel.<img src="https://photo-assets.superyachttimes.com/photo/263177/image/large-01bab3d60667f5d893ab6fd6e6283a79.jpg" data-gid="gid://syiq/Photo/263177">Aluna 127 features a steel hull and aluminium superstructure with her hull and detail engineering handled by <a data-gid="gid://syiq/Company/6581" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FDC Yachts (Company)">FDC Yachts</a>. The ocean-going vessel also features interior and exterior design by <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a>. <img src="https://photo-assets.superyachttimes.com/photo/263176/image/large-d439a31d18340ade5d3ba0e762b8c761.jpg" data-gid="gid://syiq/Photo/263176">Aluna 127 shares the same DNA as her smaller sistership, Aluna 87, with the added ability to function as a support yacht. One of her standout features is her forward-located superstructure that enables guests to enjoy an exceptionally spacious aft deck.<img src="https://photo-assets.superyachttimes.com/photo/263179/image/large-f45fcab8e5794a86477e7f5039193406.jpg" data-gid="gid://syiq/Photo/263179">Aluna 127 can comfortably accommodate up to 12 guests with her owners suite located on the upper deck at the bow, with a large terrace and his-and-hers ensuite bathrooms. The remaining guest staterooms are situated on the lower deck, alongside accommodation for a crew of eight.<img src="https://photo-assets.superyachttimes.com/photo/263178/image/large-4680243261baa291fdef72ee8ede57ea.jpg" data-gid="gid://syiq/Photo/263178">Another unique feature of Aluna 127 is her ability to carry a tender of up to 12-metres on the main deck. She is also able to land a four person touch-and-go helicopter on her large deck space.<img src="https://photo-assets.superyachttimes.com/photo/263174/image/large-cf266afaa8f1b3aabfcedffa98f3553f.jpg" data-gid="gid://syiq/Photo/263174">Aluna 127 has been designed for optimal fuel consumption and maximum performance, thanks to her twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> C18 Acert engines. She is expected to have a maximum speed of 15 knots and a cruising speed of 11 knots.<img src="https://photo-assets.superyachttimes.com/photo/263175/image/large-0ba4c6b4c1f635f4a596ec06c4345a66.jpg" data-gid="gid://syiq/Photo/263175"><a data-gid="gid://syiq/Company/6581" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FDC Yachts (Company)">FDC Yachts</a> announced the first yacht in the series, the Aluna 87 in April 2022 with an expected delivery date of 2024. Aluna 127 has a build time of 20 months and is planned to be launched in the summer of 2025. She is currently for sale with <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>.

FDC Yachts unveils 39m Aluna 127 yacht

FDC Yachts has unveiled the second model in the Aluna series, the 39m Aluna 127.

Aluna 127: FDC Yachts unveils second yacht in the Aluna series

US-based marina operator <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a> has acquired the superyacht refit, repair and maintenance facility <a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah Yacht Center</a>. The transaction saw securities from <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s parent company, Sun Communities Inc.<img src="https://photo-assets.superyachttimes.com/photo/180468/image/large-af66415fc728bcf583a9e1aeb8e65e2a.jpeg" data-gid="gid://syiq/Photo/180468">The <a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah Yacht Center</a> is located in Georgia, USA and is able to accommodate some of the world’s largest superyachts.. The facility is equipped with a 140-metre graving dock, a 3,240-tonne shiplift, and 366 metres of floating docks that can accommodate as many as eight 80-metre superyachts at any given time.Read:&nbsp;<a data-gid="gid://syiq/Article/50626" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Getting to know Savannah Yacht Center: The first choice for refits on the East Coast, USA (2019-11-08 09:30:00 +0100)">Getting to know Savannah Yacht Center: The first choice for refits on the East Coast, USA<img src="https://photo-assets.superyachttimes.com/photo/180467/image/large-807c6fdcccdd3abc413c33d53cc0fc2e.jpeg" data-gid="gid://syiq/Photo/180467"></a>“This is an outstanding addition to our network,” commented Baxter Underwood, CEO of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a>. “The world’s largest vessels have historically been forced to cross the Atlantic for certain services. This facility allows us to serve them with excellence here in the United States and inside the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> network.” <img src="https://photo-assets.superyachttimes.com/photo/180469/image/large-fd7dd1f8c72c64cba5a50b96862832d0.jpeg" data-gid="gid://syiq/Photo/180469">The facility is expected to remain in operation during the change in ownership with the team of 50 employees becoming members of the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a> team. "We are incredibly proud of the team at <a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah Yacht Center</a> and their many accomplishments," said Christian Demere, President and CEO of Colonial Group, Inc. "While it was a great experience building this business, I did not believe we were best positioned to allow it to reach its full potential. I am confident that it will reach new heights as part of Safe Harbor Marinas."<img src="https://photo-assets.superyachttimes.com/photo/180470/image/large-bd76ea249f7037d2b9f652b77d175b5d.jpeg" data-gid="gid://syiq/Photo/180470">"We're always searching for better ways to serve the superyacht builders, original equipment manufacturers (OEMs), owners, captains and crews," added Tim Sargent, EVP of International Operations at <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a>. "<a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah</a> allows us to do exactly that."

Safe Harbor Marinas acquires Savannah Yacht Center

Safe Harbor Marinas has acquired the superyacht refit, repair and maintenance facility Savannah Yacht Center.

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<a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman Shipyard BV (Company)">Royal Huisman</a> has announced the turning of sailing yacht Aquarius II at their shipyard in Vollenhove, the Netherlands. Project 408, Aquarius II is the larger sistership to the 56-metre superyacht <a data-gid="gid://syiq/Yacht/5848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquarius56.0m (183'9&quot;)Royal Huisman Shipyard BV2018">Aquarius</a>, measuring an impressive length of 65-metres. <img src="https://photo-assets.superyachttimes.com/photo/263150/image/large-e01ad0efbe7ff10114d3afa226f51cca.jpg" data-gid="gid://syiq/Photo/263150">The performance ketch yacht features naval architecture and exterior design from <a data-gid="gid://syiq/Company/230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dykstra Naval Architects (Company)">Dykstra Naval Architects</a>, alongside interior design by <a data-gid="gid://syiq/Company/4404" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mark Whiteley Design (Company)">Mark Whiteley Design</a>. Godfrey Cray is the owner’s project manager, with this being his third <a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman Shipyard BV (Company)">Royal Huisman</a> build after <a data-gid="gid://syiq/Yacht/5667" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ngoni58.15m (190'9&quot;)Royal Huisman Shipyard BV2017">Ngoni</a> and <a data-gid="gid://syiq/Yacht/5848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquarius56.0m (183'9&quot;)Royal Huisman Shipyard BV2018">Aquarius</a>. <img src="https://photo-assets.superyachttimes.com/photo/263151/image/large-78606f3fff74a6aa883df3765cd98aa8.jpg" data-gid="gid://syiq/Photo/263151">Aquarius II promises a bigger, better sailing yacht than her sistership. With a volume increase of nearly 45 percent, Aquarius II benefits from a fourth guest stateroom, generously-sized staterooms, living spaces, and a more extensive gym providing space for more fitness equipment. <img src="https://photo-assets.superyachttimes.com/photo/263152/image/large-45990d8eb8e96b3ef34da060567bd105.jpg" data-gid="gid://syiq/Photo/263152"><img src="https://photo-assets.superyachttimes.com/photo/263149/image/large-d183074e051dc68ae6472f3e3dd1f063.jpg" data-gid="gid://syiq/Photo/263149">This size increase also offers a larger galley and one more crew stateroom so that crew can enjoy a good living and work environment.<img src="https://photo-assets.superyachttimes.com/photo/263155/image/large-26d0b8aba096c5238cf827f97295ba5c.jpg" data-gid="gid://syiq/Photo/263155"><img src="https://photo-assets.superyachttimes.com/photo/263157/image/large-86f3ec9de0823fcce90ce8f143f1cc83.jpg" data-gid="gid://syiq/Photo/263157">Another highlight of&nbsp;Aquarius II is her owner’s deck, which contains offset stairs that allow for a wrap-around sofa and lounging configuration. Royal Huisman continues to focus on quality and reliability, ensuring that Aquarius II’s sailing performance remains efficient and easy to drive despite her size.<img src="https://photo-assets.superyachttimes.com/photo/219070/image/large-3b18b783da40a12b93dbc56a0d8f5e8b.jpg" data-gid="gid://syiq/Photo/219070">

Royal Huisman turns the hull of 65m sailing yacht Aquarius II

Royal Huisman has announced the turning of Aquarius II at their shipyard in Vollenhove.

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<img src="https://photo-assets.superyachttimes.com/photo/263162/image/large-d42bb451f0249a48b76807323b5f1e51.jpg" data-gid="gid://syiq/Photo/263162">Seen here recently cruising off the Palm Jumeirah in Dubai, is the 91.4-metre superyacht <a data-gid="gid://syiq/Yacht/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonlight II91.4m (299'10&quot;)Neorion2005">Moonlight II</a>. Previously known as Alysia, she was built by <a data-gid="gid://syiq/Company/250" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neorion (Company)">Neorion</a> in Greece and completed in September 2005. To update her original design by Lally Poulias and <a data-gid="gid://syiq/Company/251" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Marine Ltd - Yacht Designers & Naval Architects (Company)">Alpha Marine</a>, <a data-gid="gid://syiq/Yacht/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonlight II91.4m (299'10&quot;)Neorion2005">Moonlight II</a> was completely refitted in 2015 and lengthened from 85.3-metres to her current length of 91.4-metre. Built for the charter market, <a data-gid="gid://syiq/Yacht/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonlight II91.4m (299'10&quot;)Neorion2005">Moonlight II</a> can accommodate up to 36 guests, who'll be taken care of by a crew of 30. In terms of performance, she is powered by twin&nbsp;<a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines of 2,760 horsepower each, allowing her to reach a top speed of 17 knots and cover a transatlantic range of 5,000 nautical miles while cruising at 14 knots.

Neorion superyacht Moonlight II in Dubai

The 91m superyacht Moonlight II, built by Neorion, is seen here cruising in Dubai.

The twenty-sixth hull&nbsp;<a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> Navetta 33 yacht has been launched at the <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Group&nbsp;</a>Superyacht Yard in Ancona, Italy, and has been named <a data-gid="gid://syiq/Yacht/12072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Buongiorno33.0m (108'3&quot;)Custom Line2023">Buongiorno.<img src="https://photo-assets.superyachttimes.com/photo/263133/image/large-49b208887bd6cd5291ff95d88ece42f6.jpg" data-gid="gid://syiq/Photo/263133"></a>The distinctive 33-metre, made-to-measure motor yacht entered the water on 15 March in the presence of the owner and their family from the Americas alongside all of the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line’s</a> employees.<img src="https://photo-assets.superyachttimes.com/photo/263132/image/large-bc7b543fd87c8089cd49692ee747aca3.jpg" data-gid="gid://syiq/Photo/263132">The yacht’s creation comprised a collaborative effort between the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line’s</a> Strategic Product Committee, which handled the exterior styling, and the <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Group</a> engineering departmenton her interior design. Strategic consultancy for the Navetta 33 interior design was provided by the Custom Line Atelier.<img src="https://photo-assets.superyachttimes.com/photo/263135/image/large-f1402b2c0452fa3f89ff7ee8a1ea9297.jpg" data-gid="gid://syiq/Photo/263135">Natural and pale colour schemes with hues of beige and green were adopted in the interior design of <a data-gid="gid://syiq/Yacht/12072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Buongiorno33.0m (108'3&quot;)Custom Line2023">Buongiorno</a>, with the owner working in partnership with <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>s Atelier’s interior designers and architects.<a data-gid="gid://syiq/Yacht/12072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Buongiorno33.0m (108'3&quot;)Custom Line2023">Buongiorno</a> is entirely bespoke, with the owner working to fully customise the space for their needs, focusing on the craftsmanship that harmoniously connects the interiors and exteriors of the boat. The yacht's expansive interior space can accommodate up to ten guests onboard, as well as room for five crew members, including the captain. <img src="https://photo-assets.superyachttimes.com/photo/263134/image/large-d67c7815e74b524eaf6808113f7f0f1d.jpg" data-gid="gid://syiq/Photo/263134">Top design brands, artisanal practices, and authentic, organic materials adorn the yacht, with each element precisely portraying the owner’s wishes. Lacquered wood and Taj Mahal beige marble accentuate the attention to detail executed by the design team both inside and out.<img src="https://photo-assets.superyachttimes.com/photo/263136/image/large-36205b2f2f6810b08c635e99031af346.jpg" data-gid="gid://syiq/Photo/263136">Performance-wise, she is powered by twin <a href="https://sya.superyachttimes.com/companies/man" target="_blank">MAN</a> engines, which give her a cruising speed of 12 knots and a top speed of 15 knots.

Custom Line launches Buongiorno yacht 

Buongiorno, the twenty-sixth hull of Custom LineNavetta 33, launches from the Ferretti Group Superyacht Yard in Ancona, Italy.

Custom Line launches 33m Navetta 33 yacht Buongiorno

<a data-gid="gid://syiq/Company/118" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Arch. Tommaso Spadolini (Company)">Tommaso Spadolini</a> is celebrating its 45th anniversary this year – and what a year the design studio has already had already, unveiling three new superyacht projects.&nbsp;The <a data-gid="gid://syiq/Article/56752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tommaso Spadolini unveils 90m superyacht concept with vast beach club (2023-01-16 13:15:00 +0100)">largest project presented was a 90-metre concept</a> which, if taken to build, would be the designer’s flagship superyacht. In a matter of weeks, after the 90-metre was showcased, <a data-gid="gid://syiq/Company/118" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Arch. Tommaso Spadolini (Company)">Spadolini</a> pulled the wraps off of <a data-gid="gid://syiq/Article/57091" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tommaso Spadolini unveils new 48m superyacht concept (2023-03-07 11:30:00 +0100)">a 48.5-metre, characterised by a semi-vertical bow</a> and very generous living space. The <a data-gid="gid://syiq/Article/56954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa unveils 50m superyacht concept Codecasa Jet 50 (2023-02-16 12:00:00 +0100)">third project is the most radical</a>, designed for <a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a> and inspired by aviation. The studio has been a hive of activities.&nbsp;SuperYacht Times caught up with the Italian designer to discover more.<img src="https://photo-assets.superyachttimes.com/photo/24766/image/large-df6216f2900ddcc75b7ac6ee454aac24.jpg" data-gid="gid://syiq/Photo/24766">Do you have any reflective thoughts after designing yachts for nearly half a century?&nbsp;Some years have been truly crucial and have seen significant changes. I have had the privilege of going through them, progressively tackling different themes, from the serial production of <a data-gid="gid://syiq/Company/560" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Canados (Company)">Canados</a> and Aprea yachts to building <a data-gid="gid://syiq/Yacht/1514" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foners41.5m (136'2&quot;)Izar2000">Foners</a>, the fastest yacht in the world built for the King of Spain without forgetting the world of superyachts for many affectionate clients, for whom in some cases I have also designed several boats.<img src="https://photo-assets.superyachttimes.com/photo/254144/image/large-f745df6f4f0984c08ef4c436e33b4736.jpg" data-gid="gid://syiq/Photo/254144">With the release of three superyacht concepts in as many months, can we expect any more designs this year?&nbsp;In fact, perhaps also as a reaction to the difficult Covid period we have just gone through, I am in a rich design moment and I do not rule out presenting other design solutions soon.<img src="https://photo-assets.superyachttimes.com/photo/24753/image/large-0fae192ab2f8d9eb43ba046a7e505dc9.jpg" data-gid="gid://syiq/Photo/24753">Can we expect the 90m superyacht or 48m concept to be taken to build?&nbsp;For both the 90 and the 48 I worked with the requirements of a shipowner in mind; both feasibility projects are in the evaluation phase, waiting to activate the shipyard selection.<img src="https://photo-assets.superyachttimes.com/photo/263102/image/large-080cd09835ad3d3ae6d7f8b33c703058.jpg" data-gid="gid://syiq/Photo/263102">What led you to reimagine the lines of superyachts for the&nbsp;<a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a>&nbsp;Jet, incorporating designs from the aviation sector?&nbsp;The <a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a> Jet 2020 is the brainchild of Fulvio Codecasa, who called me to collaborate on his futuristic project. Obviously the idea excited me, to the point of also developing the Jet 50, a smaller boat with the same philosophy.<img src="https://photo-assets.superyachttimes.com/photo/208827/image/large-b74fbd2b424043a1c3021c78fe998a0e.jpg" data-gid="gid://syiq/Photo/208827">Codecasa delivered&nbsp;<a data-gid="gid://syiq/Yacht/7917" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="My Legacy56.0m (183'9&quot;)Codecasa S.p.A.2021">My Legacy</a>&nbsp;in 2021, featuring an interior by&nbsp;<a data-gid="gid://syiq/Company/118" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Arch. Tommaso Spadolini (Company)">Tommaso Spadolini</a>. Can you share anything about the project?&nbsp;I was delighted to work on the interiors of <a data-gid="gid://syiq/Yacht/7917" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="My Legacy56.0m (183'9&quot;)Codecasa S.p.A.2021">My Legacy</a>, which reflect the taste and culture of the owner, perfectly integrated with the design and the very high quality of the shipyard's workmanship. <img src="https://photo-assets.superyachttimes.com/photo/26752/image/large-c7676b66705fe87de5a6cabf3684db55.jpg" data-gid="gid://syiq/Photo/26752">To talk about flagships, how was the experience designing the 70m superyacht&nbsp;<a data-gid="gid://syiq/Yacht/2550" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="High Power III70.0m (229'8&quot;)Rossinavi2011">High Power III</a>&nbsp;for&nbsp;<a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>?&nbsp;<a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>'s 70m, launched as Numptia, was a wonderful design experience, shared with the owner, who spent over 300 days in our Florence studio, actively participating in the evolution of the project.

In conversation with Tommaso Spadolini 

SuperYacht Times caught up with Tommaso Spadolini to learn more about his new projects.

In conversation with Tommaso Spadolini: Three new superyacht designs for 2023

Update on Russian yachts seized

News is being shared of Russian yachts seized, here we have outlined the news behind those claims.

Update on Russian yachts seized: US imposes sanctions on 89m Russian-owned superyacht Nirvana

<a data-gid="gid://syiq/Article/54694" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Are Russian superyachts being seized? (2022-03-03 14:30:00 +0100)">Following yesterday’s article about the seizure of Russian yachts</a>, the US Department of the Treasury issued a statement last night which threw light on the question of whether the 156-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen&nbsp;</a>superyacht <a data-gid="gid://syiq/Yacht/5967" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dilbar156.0m (511'10&quot;)Lürssen Yachts2016">Dilbar</a> would be seized. <img src="https://photo-assets.superyachttimes.com/photo/3931/image/large-dc4cdf2b92f4405eb26be3460be962d1.jpg" data-gid="gid://syiq/Photo/3931">Entitled Treasury Sanctions Russians Bankrolling Putin and Russia-Backed Influence Actors, the sanction has named a number of Russian elites who “continue to provide direct and indirect support to the Government of the Russian Federation (GoR) through their business empires, wealth, and other resources.”&nbsp;Read: <a data-gid="gid://syiq/Article/54694" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Are Russian superyachts being seized? (2022-03-03 14:30:00 +0100)">Are Russian superyachts being seized?</a>In addition to the elites, their families and businesses, the statement has also directly named the superyacht <a data-gid="gid://syiq/Yacht/5967" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dilbar156.0m (511'10&quot;)Lürssen Yachts2016">Dilbar</a> which is owned by Alisher Burhanovich Usmanov, one of Russia’s wealthiest men. They have also sanctioned his business jet, number M-IABU which has an estimated value of $350-500 million. Usmanov holds significant interest in the mining, metals, telecommunications and information technology sectors, and he allegedly has close financial ties with the Russian President Vladimir Putin.<img src="https://photo-assets.superyachttimes.com/photo/121441/image/large-8bdc16bd97c2e68063f3b3f4300e9560.jpg" data-gid="gid://syiq/Photo/121441">The sanctions have specifically blocked funds pertaining to the superyacht and aircraft, “In addition, OFAC is identifying Usmanov’s superyacht and aircraft as blocked property. This means that any transactions related to the yacht or aircraft, including things such as maintenance, the hiring of operating personnel, or payment of docking or landing fees, conducted with U.S. persons or in U.S. dollars, are prohibited. The European Union (EU) has also designated Usmanov.”Read: <a data-gid="gid://syiq/Article/54681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="How might the war in Ukraine impact the superyacht industry? (2022-03-02 16:15:00 +0100)">How might the war in Ukraine impact the superyacht industry?</a>While this does not suggest that the yacht has been seized, these actions aim to cripple the operability of the vessel, meaning that it cannot depart from its current location and that crew, fees and docking will not be paid. <a data-gid="gid://syiq/Yacht/5967" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dilbar156.0m (511'10&quot;)Lürssen Yachts2016">Dilbar</a> is currently located at the <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> facility in Hamburg, but the German authorities are yet to share a statement about whether or not they will align with these US-imposed sanctions.The US sanctions states that the aim of these actions is to destabilise the resources of Putin and the Russian government in the actions against Ukraine.&nbsp;

Russian superyacht Dilbar seized

Last night the US shared a report naming the superyacht Dilbar and its owner as part of US sanctions.

Sanctions imposed against Russian-owned superyacht Dilbar

Spanish broadcasters have shared the news that Taras Ostapchuk, chief engineer aboard the superyacht <a data-gid="gid://syiq/Yacht/958" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Anastasia47.73m (156'7&quot;)Sensation Yachts2001">Lady Anastasia</a>, attempted to sink the 47.73-metre superyacht, valued at approximately €6.5m, in <a data-gid="gid://syiq/Company/1563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Port Adriano (Company)">Port Adriano</a>, Spain, which is believed to belong to a Russian arms dealer.<img src="https://photo-assets.superyachttimes.com/photo/46665/image/large-d2b466341e02a709b90522790e4e513c.jpg" data-gid="gid://syiq/Photo/46665">Taras Ostapchuk opened a major valve in the engine room and a second, smaller one within the crew quarters. He then closed the fuel valves, turned off all the electricity and told the crew to abandon ship. According to reports in the Majorca Daily Bulletin, the crew told Ostapchuk that “he was crazy,” to which he replied, “they were Ukrainians and that their homeland was under attack.”<img src="https://photo-assets.superyachttimes.com/photo/46661/image/large-307e7baa3f5b4e8730091507a946591a.jpg" data-gid="gid://syiq/Photo/46661"><img src="https://photo-assets.superyachttimes.com/photo/46662/image/large-3f78c98cfb533581a65c4ad929fa42a0.jpg" data-gid="gid://syiq/Photo/46662"><img src="https://photo-assets.superyachttimes.com/photo/46664/image/large-1a419e031d785c8ddb04e84a23d7974a.jpg" data-gid="gid://syiq/Photo/46664">According to various outlets, the attempted sinking was provoked when Ostapchuk viewed a video of a missile hitting an apartment building in Kyiv, the Ukrainian capital. Following the court case, Ostapchuk said “I had a good job as a head mechanic on the boat and a good salary but I am going to fight for my nation.” <img src="https://photo-assets.superyachttimes.com/photo/46669/image/large-48a118e6f65012de199a5a773d3ec020.jpg" data-gid="gid://syiq/Photo/46669"><img src="https://photo-assets.superyachttimes.com/photo/46674/image/large-a3551590db552975e6022de91dca0919.jpg" data-gid="gid://syiq/Photo/46674"><img src="https://photo-assets.superyachttimes.com/photo/46668/image/large-5ab4d48590e55cda0a6687efb2f0f080.jpg" data-gid="gid://syiq/Photo/46668"><a data-gid="gid://syiq/Yacht/958" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Anastasia47.73m (156'7&quot;)Sensation Yachts2001">Lady Anastasia</a>, which was built by <a data-gid="gid://syiq/Company/496" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sensation Yachts (Company)">Sensation Yachts</a> in 2001, was partially sunk in the event but other crew and the officials came to her aid and closed the valves. She features exterior styling by <a data-gid="gid://syiq/Company/1542" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ray Harvey Design (Company)">Ray Harvey Design</a> and an interior penned 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>. She is able to accommodate as many as 10 guests and underwent her most recent refit in 2018. <img src="https://photo-assets.superyachttimes.com/photo/46654/image/large-b2f8534c0243e6f08b086975f6d068fc.JPG" data-gid="gid://syiq/Photo/46654">

Chief engineer attempts to sink Russian superyacht Lady Anastasia

A member of the crew attempted to sink Russian yacht Lady Anastasia, valued at approximately €6.5m.

Business

How might the war in Ukraine impact the superyacht industry?