SuperYacht Times asked the all-important questions to seven charter companies about their experience of the Covid-19 pandemic; how it impacted their business; what challenges they faced; and what the future holds.From remote working to endless Zoom calls, it’s fair to say that the pandemic has drastically impacted the way we do business. But what has it meant for charter companies and the way they operate not only now, but in the future?&nbsp;Of course the most prevalent concern for most of these companies is revenue, with bottom lines directly hit from March 2020. Head of Charter James Graham-Cloete at <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW Yachts</a> explains: ‘Early bookings for the Med season were down due to the pandemic, with the May and June charters cancelled or postponed. The <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW</a> Charter Fleet also saw fewer of the larger vessels crossing back to the Med from the Caribbean, and this had a direct impact on summer revenue YoY. From the <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW</a> fleet yachts, we saw a 25% reduction in charter revenue for 2020, mainly due to the delayed start to season and the larger vessels not returning from the Caribbean.’ However, Graham-Cloete reveals all was not lost: ‘From late June last year, enquiries and bookings picked up, as we saw travel restrictions eased, with many last-minute charters being booked and an upturn in the bookings for Croatia and Turkey, which were accessible to non-EU customers. This trend continued very late into the season – far longer than in previous years.’ &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/100065/image/large-d08537d7a9d957c5438752f9d7f9db18.jpg" data-gid="gid://syiq/Photo/100065">Sacha Williams, Director of Charter Marketing at <a data-gid="gid://syiq/Company/192" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons Shipyard (Company)">Camper &amp; Nicholsons</a> echoes the challenges <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW</a> faced: ‘We had a lot of bookings in the Caribbean, Bahamas and SE Asia at the start of the pandemic that had to be postponed, so we were immediately impacted. We acted quickly by launching the global Jet-to-Yacht program in November 2020, allowing our clients to go from door to passerelle in the safest, most exclusive way possible. While this was a success – and the market did pick up during the summer months – it only partially compensated for the loss of activity across the year. We usually have an almost equal distribution of American and European clients, for example, but this year the markets remained local.’<img src="https://photo-assets.superyachttimes.com/photo/100063/image/large-facd471f2db6836874a79c350d550607.jpg" data-gid="gid://syiq/Photo/100063">While charters were understandably on-hold for much of 2020, where were guests visiting when travel was finally possible?Raphael Sauleau, CEO of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> says there was a specific group of destinations that piqued interest: ‘We saw an influx of guests in Croatia as it was one of the first countries to open charter to citizens. After that, as more countries began to lift restrictions, we saw a return to the traditional regions: the south and west Mediterranean in the summer, with a strong increase in Greece and Turkey, and for the winter, the Caribbean, where the 2020-2021 season has been relatively active.’ <img src="https://photo-assets.superyachttimes.com/photo/100604/image/large-112fecd28771dae33bc9bebcec9d7d29.jpg" data-gid="gid://syiq/Photo/100604">Companies such as <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> had to be reactive in line with ever-changing travel restrictions, says Sauleau: ‘We ran a very successful campaign called “Take a New Look at…” where we invited charterers to re-discover locations and destinations in their own countries. New England showed a lot of demand for our American clients, as did Corsica and Croatia for our European clients during the summer.’ &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/85767/image/large-cbda3c229e7d7ab425613581cb7ef447.jpg" data-gid="gid://syiq/Photo/85767">So, looking to the year ahead: how is 2021 shaping up for the industry?&nbsp;Ekaterina Pavlova, <a data-gid="gid://syiq/Company/2208" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Imperial Yachts (Company)">Imperial</a> Charter Central Agent says that the pandemic has provided a fresh overview of charter regions: ‘Many clients are now thinking about new remote regions. We see an increase in demand for regions such as French Polynesia, Middle East, Madagascar, Mauritius, Indonesia, Central America and Northern Europe – even Russia.’ <img src="https://photo-assets.superyachttimes.com/photo/88403/image/large-74ccf9101d1a43a3c0903dd8acbc53d2.jpg" data-gid="gid://syiq/Photo/88403">While clients are broadening their horizons, will this trend remain true post-pandemic?<a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a> Charter Broker, Christopher Craven predicts: ‘I think Croatia will have another strong year, and with the lower VAT of 9.6-12% in Greece, I see the Aegean being another popular destination in 2021. I would love to see increased business in more adventurous locations such as the Norwegian fjords, Alaska, Greenland and Svalbard this summer, but old habits die hard. The same old favourites will bring in the charterers – Sardinia, Corsica, SoF, Balearics and Amalfi coast. All stunning destinations, of course.’ <img src="https://photo-assets.superyachttimes.com/photo/181969/image/large-f42e376aa6d0adc0be6d76bdb01d5147.jpg" data-gid="gid://syiq/Photo/181969">But how about guests? Other than luxury and a once-in-a-lifetime experience, what else is a priority when they’re chartering their next vessel?&nbsp;<a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>’s Charter Management Director Heather Hatcher says: ‘Guests are looking for a place to safely social distance with their families. As always, our guests are very discerning and prefer privacy. I think you will see the trend leaning more towards water and yacht excursions rather than land activities. A charter vessel offers several amenities such as a spa experience, restaurant, gym and entertainment and full-time staff to cater to each client’s individual desires. There are few reasons to ever even leave the vessel!’ <img src="https://photo-assets.superyachttimes.com/photo/172938/image/large-424e72d56cc2769d12c5d8b73df9f6b7.jpg" data-gid="gid://syiq/Photo/172938">So chartering a superyacht could be an ideal solution for those concerned around the safety of other holidays, perhaps. <a data-gid="gid://syiq/Company/206" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Partners International (Company)">Yachting Partners International</a> (<a data-gid="gid://syiq/Company/206" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Partners International (Company)">YPI</a>) Head of Charter Retail, Nickie Tannock-Vincent concurs: ‘Our clients want exclusivity and safety. Once travel is easier, I predict that yacht charter will become very popular with many new clients trying out this great way of spending a holiday in utter privacy and safety.’ In fact, Tannock-Vincent is optimistic: ‘I am confident that this season is going to be a very good one. At <a data-gid="gid://syiq/Company/206" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Partners International (Company)">YPI</a> we have a number of cancelled bookings from 2020 that have been moved to 2021, which means that many of the yachts are going to be fully booked this summer ahead of the season by either regular clients or new.’<img src="https://photo-assets.superyachttimes.com/photo/115911/image/large-fa44d301067f5e27a8f7a454bb277a87.jpg" data-gid="gid://syiq/Photo/115911">So, could 2021 be the year of the superyacht after all?&nbsp;Ekaterina Pavlova, <a data-gid="gid://syiq/Company/2208" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Imperial Yachts (Company)">Imperial</a> Charter Central Agent has high hopes, but predicts guests will be upping the ante with what they desire on board: ‘Clients will seek superyachts that are boasting impressive spa facilities and fantastic gastronomy. Expectations are going to be even higher.’ But surely, it comes down to having a memorable adventure on the ocean? Pavlova concludes: ‘The more toys you can bring on board, the more fun you can create and memories that go with. After such a frustrating year, clients want to reconnect with their family and friends and harness happiness in these troubled times. They are looking for a charter experience that will make them escape the craziness and re-discover the entire world.’ Here’s to 2021.<img src="https://photo-assets.superyachttimes.com/photo/172940/image/large-74babf2a20e5d1b22d2a09548b9ac714.jpg" data-gid="gid://syiq/Photo/172940">The article was originally published in the&nbsp;<a data-gid="gid://syiq/Article/52428" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 2021 edition of The SuperYacht Times newspaper out now (2021-02-23 09:30:00 +0100)">Spring 2021 issue of The SuperYacht Times newspaper</a> To receive all future issues straight to your door, <a href="https://shop.superyachttimes.com/" target="_blank">subscribe to the newspaper here</a>.

How the pandemic impacted the charter industry

Flying Fox yacht by Lürssen in Monaco

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Kismet yacht by Lürssen in Monaco

Madsummer yacht by Lürssen in Costa Rica

Lana yacht by Benetti

Preference 19 yacht anchored toys

Kismet yacht by Lürssen in Miami

The Flying Dutchman yacht deck

SYT asked seven charter companies what impact Covid-19 has had on the industry, the challenges they’ve faced and what the future holds.

Trends in Charter: How the pandemic has impacted the industry 

Madsummer yacht cruising

<a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a> has announced that Bogdan Gusarev has joined as Sales Manager for Europe and the CIS region. <img src="https://photo-assets.superyachttimes.com/photo/399998/image/large-62a5903f5dff04c9e810116b4eaef5da.jpg" data-gid="gid://syiq/Photo/399998">Gusarev brings more than a decade of experience in the explorer yacht sector and has lived and worked across some of the world's most prevalent yacht building regions including Germany, Italy and Turkey.Before entering the industry, Gusarev lived aboard a sailing yacht, giving him a practical knowledge of life at sea. This has allowed him to guide clients with clarity and a strong understanding of what long-range yacht ownership truly requires.“Bogdan combines real boating experience with a genuine understanding of what owners in this segment are looking for,” explained Patrik von Sydow, CEO of <a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a>. “That's a rare mix, and exactly what we need as we grow our presence across Europe and the CIS.”<img src="https://photo-assets.superyachttimes.com/photo/399999/image/large-f2593548ee91bd938b36c95018180e06.jpg" data-gid="gid://syiq/Photo/399999">As well as this, Numarine has announced that Sales Manager for MENA &amp; APAC, Salih Küçükoğlu, will now take on the responsibility for the Turkish market as well. His new title will be Sales Manager for Türkiye, MENA &amp; APAC.He has previously led growth initiatives across the Middle East and Asia-Pacific, playing a key role in expanding dealer networks and managing relationships with high-net-worth clients.“With a customer-focused mindset and a design-driven perspective, Küçükoğlu now brings this experience to Numarine's home market, supporting the shipyard's continued growth in Türkiye,” concluded von Sydow.

Bogdan Gusarev appointed at Numarine

Numarine has announced that Bogdan Gusarev has joined as Sales Manager for Europe and the CIS region. 

Numarine appoints Bogdan Gusarev as Sales Manager for Europe and CIS region

<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> have announced the appointment of Ernesto Bustamante as a Superyacht Sales Broker across their Palm Beach, Fort Lauderdale and Miami offices.<img src="https://photo-assets.superyachttimes.com/photo/399828/image/large-19a5f0e5ae4aec550013e04859fea307.png" data-gid="gid://syiq/Photo/399828">Bustamante joins <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> with over 16 years of experience, including his most recent role with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>. At <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>, he will focus primarily on new-build opportunities, while also supporting brokerage sales transactions.“We are delighted to welcome Ernesto to <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>,” commented Sarah Futhazar, US Managing Director. “His expertise in new-build, combined with his commercial approach and dedication to client service, makes him a valuable addition to our team.”Born in Miami and raised between the US and Colombia, Bustamante interned at <a data-gid="gid://syiq/Company/5418" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bertram Yachts (Company)">Bertram Yachts</a> while in college, later graduating from the University of Miami in 2009 with a degree in International Finance &amp; Marketing, and a minor in Entrepreneurship.While in school, he became a fully licensed and certified yacht broker and consequently worked for a boutique firm. From 2014 to 2019 Bustamante joined the <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> Sales Broker’s team, before later moving to the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> where he worked as a <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> Brand Sales Manager.&nbsp;“What truly attracted me to the company is the opportunity to work with the world's leading shipyards and represent any yacht on the market, giving clients completely independent advice tailored to their ambitions,” concluded Ernesto Bustamante.

Ernesto Bustamante: Camper & Nicholsons appoints Superyacht Sales Broker

Camper & Nicholsons have announced the appointment of Ernesto Bustamante as a Superyacht Sales Broker.

Camper & Nicholsons appoints Ernesto Bustamante as a Superyacht Sales Broker

The <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">Virgin Islands Shipping and Maritime Authority (VISMA)</a> has launched a new Yacht Engaged in Trade (YET) programme, providing British Virgin Islands (BVI)-flagged superyachts with a formal path to combine private use with limited commercial chartering in Greek, Monaco and French waters.The certification, which comes under a newly published <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">Virgin Islands Shipping and Maritime Authority (VISMA)</a>, only applies to BVI-flagged yachts measuring 24-metres and above.<img src="https://photo-assets.superyachttimes.com/photo/285871/image/large-8fcbfd6ecd33123efe76d4c151e81472.jpg" data-gid="gid://syiq/Photo/285871">According to <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a>, owners may retain their Pleasure Certificate of British Registry while taking on a temporary Yacht Engaged in Trade (YET) certificate for the duration of each charter period, for up to a maximum of 84 days per year. Once the charter concludes, the yacht's pleasure certificate is reinstated without requiring conversion to full commercial registration.<a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a> also stated that owners are no longer required to leave European Union waters to complete new import or export formalities when switching between private and charter use.&nbsp;Under the programme, yachts may operate on either basis during the 18-month Temporary Admission period without further customs formalities, provided the relevant conditions are met. Yachts with VAT-paid status or in Free Circulation are not subject to the 18-month limit.<img src="https://photo-assets.superyachttimes.com/photo/363128/image/large-9de6013ee3a3b56cf02c66b85dc42db8.jpg" data-gid="gid://syiq/Photo/363128">The programme is intended for yachts already operating to a commercial standard. To qualify, vessels must measure at least 24-metres in load line length, hold class certification and comply with the Red Ensign Group Yacht Code, the Maritime Labour Convention, the International Safety Management Code and the International Ship and Port Facility Security Code.Furthermore, <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a> verifies compliance through a survey before issuing a Yacht Engaged in Trade Certificate of Compliance, which must be held before each charter period.Charters are limited to 84 days annually and may carry no more than 12 passengers. For non-VAT-paid yachts, charters can currently only commence in Greek, Monaco or French waters. During charter periods, yachts operate under commercial requirements and remain subject to Port State Control inspections under the Paris Memorandum of Understanding.Commenting on the programme, Business Development Manager at <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a>, Georgios Bazos, said: "This gives BVI-flagged yachts operating in Europe the opportunity to charter for part of the year while keeping their private registration for the rest. It's a natural next step for the registry, and one more option for owners who want flexibility without added complexity."

VISMA launches 84-day European charter programme for BVI-flagged superyachts

VISMA has launched a new programme, allowing BVI-flagged superyachts up to 84 days of commercial chartering in selected European waters. 

Plymouth-based boat refit company Yacht Solutions Europe has gone into liquidation, with debts of more than £600,000 likely to remain unpaid.<img src="https://photo-assets.superyachttimes.com/photo/399628/image/large-90cdcccefd37fd95c414dc2c921b672b.jpg" data-gid="gid://syiq/Photo/399628">Yacht Solutions Europe focused on yacht refit and repairs, with services including engineering, retrofitting, carpentry, upholstery and upgrades. They worked on projects worldwide and opened a base in Florida, USA, in 2023.Yacht Solutions Europe was founded in 2021 by two former <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> employees, Paul Eccles and Dave Watson, after the collapse of a previous business, Yacht Solutions Worldwide Ltd.&nbsp;The assets were sold to Yacht Solutions Europe in a pre-pack deal and was dissolved in 2024, leaving debts of more than £282,000 unpaid, with the company now entering creditors’ voluntary liquidation.<img src="https://photo-assets.superyachttimes.com/photo/399629/image/large-a78e5de8571b860d8e0ffc83ed261014.jpg" data-gid="gid://syiq/Photo/399629">Documents filed on Companies House show assets of about £18,000 which will be used to pay nine employees and the pension scheme, however there is less than £1,000 left for other creditors, which include more than £176,000 owed to HM Revenue and Customs, nearly £85,000 owed to a lender, around £160,000 owed to six other banks and institutions and £82,500 owed to workers as unsecured creditors.There are 21 trade creditors claiming a combined £34,700, while the American arm Yacht Solutions USA is claiming £71,000. Yacht Solutions Europe’s statement of affairs also revealed that an estimated £608,522 will end up being unpaid.Steve Henson, Managing Director at Devon’s Castle Hill Insolvency, has been appointed joint-liquidator.

Yacht Solutions Europe enters liquidation

Yacht Solutions Europe has gone into liquidation, with debts of more than £600,000 likely to remain unpaid.

Yacht Solutions Europe enters liquidation with more than £600k unpaid debt

<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> has announced the appointment of Evan Kortmann as Chief Executive Officer, succeeding Enrico Theuns, who has led the company since 2023.<img src="https://photo-assets.superyachttimes.com/photo/399351/image/large-0b3b67f3579803bdd2cecd343234633d.jpg" data-gid="gid://syiq/Photo/399351">Theuns was originally appointed as CEO through a planned three-year transition following the retirement of founder Wim van der Valk in April 2024. During his tenure, <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> expanded into the 30 metre segment and further strengthened their position in the superyacht market.&nbsp;Read more: <a data-gid="gid://syiq/Article/60237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard announces retirement of founder and management buyout (2024-04-22 09:30:00 +0200)">Van der Valk Shipyard announces retirement of founder and management buyout</a><img src="https://photo-assets.superyachttimes.com/photo/314045/image/large-e3b7cc6745248f659ccfc2d9b2962713.jpg" data-gid="gid://syiq/Photo/314045">“Leading <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> over the past three years has been a rewarding experience,” commented Enrico Theuns. “I am proud of what we have accomplished together and grateful to our employees, clients, co-makers and partners for their commitment and support throughout this period.”Evan Kortmann joins the management team alongside Technical Director Bram Kooltjes and Commercial Director Yoeri Bijker. Theuns will remain involved during the coming months to &nbsp;ensure a smooth transition and support the handover of his responsibilities.Kortmann joins <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> from <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> where he acted as Chief Executive Officer following the semi-retirement of Daan Balk in 2023. Evan joined Balk the year prior as Chief Commercial Officer before transitioning to CEO.&nbsp;Read more: <a data-gid="gid://syiq/Article/58021" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard appoints Evan Kortmann as CEO as Daan Balk steps down (2023-07-04 16:45:00 +0200)">Balk Shipyard appoints Evan Kortmann as CEO as Daan Balk steps down</a><img src="https://photo-assets.superyachttimes.com/photo/351424/image/large-efe5e4f30ffe75940f3be9e197745b18.jpg" data-gid="gid://syiq/Photo/351424">“<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> has built a strong international reputation for delivering high-quality custom yachts,” explained Kortmann. “Our focus on fully custom yachts between 200 and 500 GT allows owners to create a yacht that reflects their individual requirements, while benefiting from the experience and craftsmanship of our team.”“I look forward to working with our clients, colleagues and partners as we continue developing the company and delivering yachts that meet the highest standards of quality and craftsmanship.”

Evan Kortmann appointed CEO of Van der Valk Shipyard

Van der Valk Shipyard has announced the appointment of Evan Kortmann as Chief Executive Officer.

Van der Valk Shipyard appoints Evan Kortmann as CEO

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has been granted 60 days to submit its final restructuring plan after the Court of Florence formally opened proceedings under Article 44 of Italy's Crisis and Insolvency Code.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">The court approved the company's application, filed on 1 July, and appointed three judicial commissioners to oversee the process. In its order, the court said <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> proposed restructuring appears to be structured with the objective of preserving the company as a going concern.The company said business activities will continue as normal under the protection of court-ordered measures that prevent creditor enforcement actions during the restructuring. The 60-day deadline may be extended by the court if necessary.<img src="https://photo-assets.superyachttimes.com/photo/299411/image/large-fafd2b9bd13d4cf6c4cf377a2ccb8a27.png" data-gid="gid://syiq/Photo/299411">The filing marks a further step in <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG’s</a> restructuring process after the company said it could no longer pursue a turnaround solely within Italy’s negotiated settlement framework. Its board resolved on 30 June to seek protection under Article 44, with the application filed the following day.Read: <a data-gid="gid://syiq/Article/66451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG reports over €178 million net financial debt in latest restructuring update (2026-07-01 09:15:00 +0200)">TISG reports over €178 million net financial debt in latest restructuring update</a>In a recent market update, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> disclosed consolidated net financial debt of approximately €178.7 million and €266.8 million in overdue liabilities as of 31 May 2026. The company also confirmed that accumulated losses had <a href="https://www.superyachttimes.com/yacht-news/tisg-enters-restructuring-phase-share-capital-below-legal-minimum" target="_blank">reduced its share capital below the legal minimum</a> required under Italian law.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">Read more:&nbsp;<a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a>Despite missed loan repayments, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> said its lending banks have not accelerated outstanding borrowings while restructuring negotiations continue. The company has also received a €25 million interest-free shareholder loan from controlling shareholder GC Holding to support liquidity during the process.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, which owns the <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a>, <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>, <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> and <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brands, said it will continue operating its new-build and refit businesses while it prepares the restructuring proposal.

TISG granted 60 days to file restructuring plan

The Italian Sea Group (TISG) has been granted 60 days to submit its final restructuring plan.

French catamaran builder <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> has announced a planned leadership transition, with Chief Executive Officer Nicolas Gardies set to retire in 2027 after overseeing the company's development for several years.<img src="https://photo-assets.superyachttimes.com/photo/336108/image/large-030539c248d560fb467ce7d5ce4321c0.png" data-gid="gid://syiq/Photo/336108">The governance changes come as the group, which includes the <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Sailing Catamarans, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot Yachts</a> and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands, prepares for its next phase of growth ahead of its 50th anniversary.Gardies will progressively transition his responsibilities over the coming months to ensure continuity within the business, with Deputy Chief Executive Officer Mathieu Fountaine tasked by the Board of Directors with supporting the next phase of the group's long-term development strategy.The Board has also appointed Stéven Guedeu as Deputy Chief Executive Officer. Guedeu joined the company in 2011and has held a number of commercial leadership positions in the development of both the <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands. In his new role, he will oversee the group's sales and marketing activities, while supporting the execution of its long-term strategy.After more than 20 years, Deputy Chief Executive Officer Romain Motteau’s role has not been renewed. <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> stated that Motteau will continue to oversee the group's international activities, while working on a new strategic project, which is expected to be announced in the coming months.<img src="https://photo-assets.superyachttimes.com/photo/370998/image/large-1dccbc7db8fe06ebede4b4e471e38bab.png" data-gid="gid://syiq/Photo/370998">The company has also expanded its Executive Committee, which now comprises Nicolas Gardies, Mathieu Fountaine, Stéven Guedeu, Group Industrial Director Johan Le Saux, Supply Chain &amp; IT Director Vladimir Popov, Chief Financial Officer Betty Roger, Human Resources Director Mélanie Pouplier and Group Purchasing Director Déborah Pligot.In addition, Jordan Sabot has been appointed Communication &amp; Digital Director, succeeding Hélène de Fontainieu following her 32 years with the company. Sabot will be responsible for leading the group's communications strategy, supporting its international development and accelerating its digital transformation.The governance changes follow the publication of <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a>'s first-half fiscal 2025/26 results, during which the group reported revenue of €136.3 million while maintaining positive profitability. The company said it will continue investing in product development, innovation, the energy transition and the continued growth of its Fountaine Pajot Sailing Catamarans, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Yachts and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands.

Fountaine Pajot CEO Nicolas Gardies to step down

Fountaine Pajot has announced a planned leadership transition, with Chief Executive Officer Nicolas Gardies set to retire in 2027.

Fountaine Pajot CEO Nicolas Gardies to step down following leadership transition

NextBoat has announced a strategic partnership with <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, under which the US-based boating and yacht retailer will adopt <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s AI-powered wholesale platform for the sale of its trade-in and pre-owned inventory.<img src="https://photo-assets.superyachttimes.com/photo/390341/image/large-be765afb7248df37e9b507deb714d575.jpg" data-gid="gid://syiq/Photo/390341">The agreement marks the first time that an enterprise dealer group has adopted the platform as its preferred wholesale partner. Under the arrangement, pre-owned inventory will be evaluated, marketed and sold through <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s nationwide network of wholesale buyers.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates more than 120 locations worldwide and generated more than $2.3 billion in annual revenue. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> believes the partnership will increase transaction volumes across its platform while supporting the growth of its marketplace, data and financing businesses.According to the company, the platform is designed to modernise the wholesale and trade-in process through the use of artificial intelligence, real-time transaction data and a digital marketplace. Features include AI-powered vessel valuations, nationwide wholesale bidding, transaction management tools, automated workflows, inventory analytics and integrated financing and insurance solutions.As part of the agreement, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>'s finance and insurance division, Newcoast, will provide financing and insurance services for transactions originating through the platform. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> said this has the potential to generate recurring revenue through financing activity and insurance policy renewals as transaction volumes increase.“For 15 years, I've believed the marine industry deserved the same technology, transparency and scale that transformed automotive retail,” said Jason Ruegg, Founder and Executive Chairman of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>.&nbsp;“Today, the largest and most respected company in our industry has chosen to deploy the platform we built. We believe that validation speaks not only to what NextBoat has built, but to where this industry is headed.”Ruegg added that the agreement represents the beginning of the enterprise-scale deployment of the company's platform, with financing and insurance expected to become an increasingly important source of recurring revenue.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">In May 2026, it was announced that online marine marketplace <a data-gid="gid://syiq/Article/66120" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales to rebrand as NextBoat (2026-05-19 16:45:00 +0200)">Off The Hook Yacht Sales would officially rebrand</a> as <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> Inc, effective on or about 29 May 2026. The rebrand aimed to reflect the company’s evolution from a traditional yacht brokerage business, into an AI-powered technology platform.As well as this, <a data-gid="gid://syiq/Article/66089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts completes acquisition of Apex Marine Group (2026-05-14 16:30:00 +0200)">Off The Hook Yachts announced it had completed the acquisition</a> of marine, service and storage company, Apex Marine Group. Off The Hook Yachts believes that the Apex acquisition opens the door for additional partnerships, as it expands both its sales and service platforms.Kyle Langbehn, Executive Vice President and President of Retail Operations at <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, commented: “By integrating <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s advanced technology into our pre-owned retail platform, we believe we can improve efficiency while continuing to deliver exceptional service to our customers.”

NextBoat launches strategic partnership with MarineMax 

NextBoat has announced a partnership with MarineMax for the sale of its trade-in and pre-owned inventory using its AI-powered wholesale platform.

<a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> has announced the appointment of Niels Lensen as Sales Director, effective 1 July 2026.<img src="https://photo-assets.superyachttimes.com/photo/398953/image/large-abfc046002b73174bf9884b16561e472.jpg" data-gid="gid://syiq/Photo/398953">Bringing more than three decades of experience across the yachting industry, Niels Lensen will be responsible for all commercial activities at <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> and is the new primary point of contact for yacht refits, ReCrafts, or class surveys.Lensen has worked across the industry in brokerage, new construction, surveys, management, charter, maintenance and refit roles, both in the Netherlands and the Mediterranean.&nbsp;In 2015, Lensen founded <a data-gid="gid://syiq/Company/4837" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NL Marine (Company)">NL Marine</a>, a boutique brokerage house operating between the Netherlands and the French Côte d'Azur, as well as previously holding sales directorships for <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert</a> and <a data-gid="gid://syiq/Company/359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lengers Yachts (Company)">Lengers Yachts</a> France. <img src="https://photo-assets.superyachttimes.com/photo/398954/image/large-4595b189d7933b2c017c760f19863c4b.jpg" data-gid="gid://syiq/Photo/398954">“<a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> has long set the standard for serious refit and ReCraftTM work in the Netherlands, and I am honoured to be joining the team,” explained Lensen. “The craftsmanship, the facilities in Urk, the calibre of projects that come through the yard are a compelling combination. I very much look forward to working with clients who share that same passion for doing things properly.”ReCraftTM refers to <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a>’s registered trademark and reflects their expertise in transforming existing yachts through extensive refit, redesign and technical upgrades, allowing them to restore a yacht to a condition that they believe rivals or even surpasses new-build standards.Lensen will be available throughout the 2026 yacht show season alongside the <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> team at the <a data-gid="gid://syiq/Event/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2026">Cannes Yachting Festival</a>, <a data-gid="gid://syiq/Event/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2026">Monaco Yacht Show</a>, <a data-gid="gid://syiq/Event/346" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metstrade - 2026">Metstrade</a>, <a data-gid="gid://syiq/Event/340" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale International Boat Show - 2026">Fort Lauderdale International Boat Show</a> and <a data-gid="gid://syiq/Event/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2026">Palm Beach International Boat Show</a>.

Royal Balk Shipyard appoints Niels Lensen as Sales Director

Balk Shipyard has announced the appointment of Niels Lensen as Sales Director, effective 1 July 2026.

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has released an updated market disclosure outlining its financial position as of 31 May 2026, providing further insight into the Italian superyacht builder's ongoing restructuring process.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">The filing, published at the request of Italian financial regulator Consob, follows <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> entry into Italy's Negotiated Crisis Settlement procedure in March after the company disclosed internal financial irregularities. It comes weeks after the builder confirmed that accumulated losses had reduced its share capital below the statutory minimum required under Italian law.Read more:&nbsp;<a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a>As of 31 May 2026, the <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG Group</a> reported a consolidated net financial debt of around €178.7 million, including over €154.6 million in bank debt and cash and cash equivalents of approximately €7.5 million. The parent company, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG S.p.A</a>, reported a net financial debt of over €179.6 million.The disclosure also details €266.8 million in overdue liabilities across the group. This comprises over €42.6 million in overdue financial liabilities, over €77.6 million in trade payables, around €98 million owed to factoring companies, over €29.3 million in tax liabilities and over €18.1 million in social security liabilities.<img src="https://photo-assets.superyachttimes.com/photo/278854/image/large-10473eb6d3fdc1c0fbd3a7cdaa4e5d83.jpg" data-gid="gid://syiq/Photo/278854">According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, although the missed repayment of certain loan instalments entitles its lending banks to declare all outstanding borrowings immediately due, they have not exercised this right while negotiations continue under the court-supervised restructuring process.The company also revealed that it has received 30 payment orders from creditors since entering the restructuring procedure on 16 March, representing claims totalling approximately €2 million. Of these, 22 have been settled for an agreed amount of €408,000, while several others have either been challenged, are under negotiation or will be addressed as part of wider financial restructuring discussions.<img src="https://photo-assets.superyachttimes.com/photo/299411/image/large-fafd2b9bd13d4cf6c4cf377a2ccb8a27.png" data-gid="gid://syiq/Photo/299411">The filing confirms that <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> remains protected by measures granted by the Court of Florence on 20 April, which remain in force until 14 July 2026. The company said these measures continue to stay enforcement actions by creditors covered by the court order while negotiations with lenders and other stakeholders progress.Read more:&nbsp;<a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a>The update also provides further details on the €25 million interest-free shareholder loan granted by <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> controlling shareholder, GC Holding S.p.A. The company said the funding was introduced after cost overruns across the majority of its yacht construction contracts reduced operating margins and placed significant pressure on cash flow while production continued on vessels under construction.The shareholder loan is subordinated to the company's bank debt and is repayable by 31 December 2032.An Ordinary Shareholders' Meeting has been convened for 22 July 2026 to consider the company's financial position and the measures required to restore its share capital.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">Moreover, the company’s Board of Directors, which met on 30 June 2026, resolved to file a petition pursuant to Article 44 of Legislative Decree No. 14/2019 (the so-called “domanda prenotativa”), in order to access protective legal measures and safeguard business continuity.The decision follows recent developments in discussion with shipowners, which the company said no longer made it possible to pursue a turnaround solely within the framework of the negotiated settlement procedure. The filing, expected to take place immediately, will allow the company to operate under court protection while preparing a restructuring plan.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> owns the <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a>, <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>, <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> and <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brands, and continues to operate its new-build and refit businesses while the restructuring process remains ongoing.

The Italian Sea Group reports financial debt

The Italian Sea Group (TISG) has released an updated market disclosure outlining its financial position as of 31 May 2026.

TISG reports over €178 million net financial debt in latest restructuring update 

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> has announced that the second <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> Panorama 50 yacht <a data-gid="gid://syiq/Yacht/12950" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silvia53.5m (175'6&quot;)Admiral2026">Silvia</a> is preparing for her launch, following the delivery of the first hull, <a data-gid="gid://syiq/Yacht/12258" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spribe50.0m (164'1&quot;)Admiral2026">Spribe</a>, earlier last week. The semi-custom yacht features an extended length of 53.5-metres and a hybrid propulsion system.<img src="https://photo-assets.superyachttimes.com/photo/399950/image/large-ebe13eef4d7b0eb967b5facd4f54635f.jpg" data-gid="gid://syiq/Photo/399950">Built with an aluminium hull and superstructure, construction on <a data-gid="gid://syiq/Yacht/12950" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silvia53.5m (175'6&quot;)Admiral2026">Silvia</a> began in April 2024 with her <a data-gid="gid://syiq/Article/60101" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="53m hybrid Admiral Panorama superyacht keel laid (2024-04-04 12:00:00 +0200)">keel laying</a>, before the yacht <a data-gid="gid://syiq/Article/61701" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral 53M Hybrid superyacht moves to outfitting (2024-10-10 16:00:00 +0200)">moved to outfitting</a> in October 2024. <a data-gid="gid://syiq/Yacht/12950" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silvia53.5m (175'6&quot;)Admiral2026">Silvia</a> features exterior design by <a data-gid="gid://syiq/Company/6288" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Piredda & Partners (Company)">Piredda &amp; Partners</a>, with naval architecture penned in-house by <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a>.Spanning three decks, <a data-gid="gid://syiq/Yacht/12950" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silvia53.5m (175'6&quot;)Admiral2026">Silvia</a> bridges the gap between indoor and outdoor spaces, with spacious areas, high ceilings and panoramic windows. Her interiors use high quality, natural materials, including stones, wood and rough metals.<a data-gid="gid://syiq/Yacht/12950" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silvia53.5m (175'6&quot;)Admiral2026">Silvia</a> is capable of sleeping as many as 12 guests across five staterooms on the lower deck, while her owner’s suite on the upper deck benefits from panoramic views on all three sides, and leads to a private forward-facing deck.In terms of performance, <a data-gid="gid://syiq/Yacht/12950" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silvia53.5m (175'6&quot;)Admiral2026">Silvia</a> is fitted with an <a data-gid="gid://syiq/Company/7127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="E-Motion Hybrid (Company)">E-Motion Hybrid</a> propulsion system, which consists of twin diesel engines, four variable-speed generators, two permanent magnet electric motors and a large lithium polymer battery pack.The system allows for several operating modes, such as diesel main engines and electric alternators providing power to all onboard services during navigation with the generators off, allowing the batteries to recharge. Alternatively, variable-speed generators can adjust their output based on the onboard load requirements in order to limit fuel consumption.Her batteries are complete with a ‘peak-shaving’ function, avoiding the need for activating a second or third generator during short-term load peaks. In addition, the batteries ensure the yacht can continue running even in the event of a temporary loss of shore power, preventing blackouts.

Silvia: Custom Admiral Panorama 50 yacht prepares for launch

The Italian Sea Group has announced that the second 49.5-metre Panorama 50 yacht Silvia is preparing for her launch.

Semi-custom 54m Admiral Panorama 50 yacht Silvia prepares for launch

<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> has announced two new appointments to its <a data-gid="gid://syiq/Company/8781" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Van Lent Shipyard (Company)">Royal Van Lent</a> sales team, welcoming Robert Drontmann and Xavier Soubeyran.<img src="https://photo-assets.superyachttimes.com/photo/399947/image/large-b370ecbece73070406be7851fe5828a0.png" data-gid="gid://syiq/Photo/399947">The pair bring extensive experience across yacht brokerage, custom yacht construction, naval architecture and client advisory. According to <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>, the appointments will advance the company's sales team as it guides owners through the custom build process.Robert joins <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> after more than 20 years in the superyacht industry, including commercial roles at <a data-gid="gid://syiq/Company/130" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonen Yachts (Company)">Moonen Shipyards</a> and <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen Yachts</a>, where he spent the past 12-and-a-half years working on custom yacht projects. A former Olympic sailor, he also brings an extensive international network within the industry."Joining <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> feels like a natural next step in my career," commented Robert. "I've always admired the company's approach to custom yacht building and the relationships it builds with owners. I'm proud to have joined and represent <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>."Meanwhile, Xavier transitions into a client-facing sales role after more than six years as Proposal Manager at <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>. Prior to joining the Dutch shipyard, he gained experience at <a data-gid="gid://syiq/Company/32" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Holland Jachtbouw (Company)">Holland Jachtbouw</a> and <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>, building expertise in both yacht construction and naval architecture."I'm proud to continue my journey within the <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> family," said Xavier. "I'm excited to use my experience to guide clients through the custom yacht process and deliver an exceptional client experience."Commenting on the appointments, <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> Head of Sales Maarten Janssen concluded: "Robert and Xavier bring complementary backgrounds and expertise to the sales team. Together, they further strengthen our ability to guide clients through every stage of creating a custom <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>. I am delighted to welcome them both to my team."

Feadship Royal Van Lent new appointments

Feadship has announced two new appointments to its Royal Van Lent sales team, welcoming Robert Drontmann and Xavier Soubeyran.

Feadship appoints two new members to Royal Van Lent sales team

<img src="https://photo-assets.superyachttimes.com/photo/399636/image/large-27e96086900837eca7ac1a5b72780ec8.jpg" data-gid="gid://syiq/Photo/399636">Seen here anchored at the Vathiavali Beach in Greece is the 31.75-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> motor yacht <a data-gid="gid://syiq/Yacht/3891" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Miamaa31.75m (104'2&quot;)Benetti SpA2012">Miamaa</a>, a Tradition 105 launched in 2012.Built in Viareggio, Italy, the yacht was custom designed for Swiss owner Luca Regusci and his wife Monica, who worked closely with <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> and designer <a data-gid="gid://syiq/Company/767" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Roberto Del Re (Company)">Roberto Del Re</a> to create a true second home at sea. <a data-gid="gid://syiq/Yacht/3891" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Miamaa31.75m (104'2&quot;)Benetti SpA2012">Miamaa’s</a> name is derived from a Northern Italian dialect, meaning “not bad at all,” while also serving as a play on the phrase “mi ama,” which translates to “he/she loves me.”Read more: <a data-gid="gid://syiq/Article/56594" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A custom creation: Luca Regusci on his ownership of the 32m Benetti yacht Miamaa (2022-12-29 15:15:00 +0100)">A custom creation: Luca Regusci on his ownership of the 32m Benetti yacht Miamaa</a>Originally launched after an extensive 20-month build, <a data-gid="gid://syiq/Yacht/3891" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Miamaa31.75m (104'2&quot;)Benetti SpA2012">Miamaa</a> features a customised interior layout and was designed for comfortable long-range Mediterranean cruising. Her compact dimensions, moderate draft and stabilisers allow her to access picturesque ports and anchorages while ensuring a smooth experience underway.<a data-gid="gid://syiq/Yacht/3891" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Miamaa31.75m (104'2&quot;)Benetti SpA2012">Miamaa</a> has explored destinations including Corsica, Sardinia, the Aeolian Islands, Greece and Croatia, with the owners spending up to three months onboard each summer and covering around 5,000 nautical miles annually.In terms of propulsion system, the yacht is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, giving her a cruising speed of 14 knots and a top speed of 15 knots.

Benetti yacht Miamaa in Greece


Seen here anchored at the Vathiavali Beach in Greece is the 31.75-metre Benetti motor yacht Miamaa.

32m Benetti motor yacht Miamaa in Greece

The 40-metre <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> motor yacht <a data-gid="gid://syiq/Yacht/1110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ava40.0m (131'3&quot;)CRN1976">Ava</a> is currently on the market with Pierre Vezilier of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>. Originally delivered in 1976 and recently refitted in 2025, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> offers the opportunity to acquire a classic <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, combining Italian craftsmanship and proven charter credentials.<img src="https://photo-assets.superyachttimes.com/photo/399888/image/large-3bdcdf9ab2c4a6c09e1163ecae82f73d.jpg" data-gid="gid://syiq/Photo/399888">Formerly known as Moneikos and Moneikos VI, <a data-gid="gid://syiq/Yacht/1110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ava40.0m (131'3&quot;)CRN1976">Ava</a> was built by Italian shipyard <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, with both her exterior design and naval architecture developed in-house. Constructed with a steel hull and aluminium superstructure, she has a beam of 6.7-metres and a draft of 2.7-metres. <img src="https://photo-assets.superyachttimes.com/photo/399906/image/large-850efd99f603640e40e95d1dfd43244a.jpg" data-gid="gid://syiq/Photo/399906" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/399894/image/large-9a0ddb6d281d0ec0b3d43a899d2433a2.jpg" data-gid="gid://syiq/Photo/399894">Outside, the <a data-gid="gid://syiq/Yacht/1110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ava40.0m (131'3&quot;)CRN1976">yacht Ava for sale</a> offers an expansive sundeck featuring a bar, lounge area, and alfresco dining spaces. Moreover, guests can unwind while taking in the panoramic views from the Jacuzzi, or enjoy waterside activities at her beach club and generous swim platform.<img src="https://photo-assets.superyachttimes.com/photo/399895/image/large-b249d25a3685fad57cf595b6ff6468bc.jpg" data-gid="gid://syiq/Photo/399895"><img src="https://photo-assets.superyachttimes.com/photo/399890/image/large-46d53c741400b7c49300d74bfaa09fce.jpg" data-gid="gid://syiq/Photo/399890"><img src="https://photo-assets.superyachttimes.com/photo/399889/image/large-b6db83f94ff7d826d27db46dcc8d0738.jpg" data-gid="gid://syiq/Photo/399889">Stepping inside, <a data-gid="gid://syiq/Yacht/1110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ava40.0m (131'3&quot;)CRN1976">Ava</a> presents a classic interior characterised by rich wood finishes, polished timber joinery, and spacious living areas. With a seamless indoor-outdoor flow, her main saloon benefits from generous lounge seating and plenty of natural light from her expansive windows.<img src="https://photo-assets.superyachttimes.com/photo/399904/image/large-3956077fb0529f1cc3072f167b0abde2.jpg" data-gid="gid://syiq/Photo/399904"><img src="https://photo-assets.superyachttimes.com/photo/399902/image/large-345fc10c5d330df60c8e2f1b6868fbf9.jpg" data-gid="gid://syiq/Photo/399902">Stretching 218 GT, accommodation onboard the <a href="https://www.superyachttimes.com/directories/yachts/built-by=crn" rel="noopener noreferrer" target="_blank" title="">CRN yacht for sale</a> is arranged for up to 11 guests across five ensuite staterooms. Her configuration includes a full-beam owner's suite on the main deck, complete with a private office, while dedicated quarters accommodate a crew of seven.<img src="https://photo-assets.superyachttimes.com/photo/399897/image/large-ed15ac5497462001277b8f7afa848227.jpg" data-gid="gid://syiq/Photo/399897"><img src="https://photo-assets.superyachttimes.com/photo/399899/image/large-b7d655de17333d32edee9a57c9b2de6e.jpg" data-gid="gid://syiq/Photo/399899">The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has benefitted from several upgrades over the years, including new generators and refurbished guest accommodations. <img src="https://photo-assets.superyachttimes.com/photo/399882/image/large-574d976d40e7c09eca732f39e1bef0b2.jpg" data-gid="gid://syiq/Photo/399882">Equipped with underway stabilisers, she also holds a licence to host up to 49 guests while cruising, making her suitable for private and commercial use.<img src="https://photo-assets.superyachttimes.com/photo/399886/image/large-f820454b3da6f9f8e13c8bd3b90fd8d8.jpg" data-gid="gid://syiq/Photo/399886">In terms of propulsion, the <a data-gid="gid://syiq/Yacht/1110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ava40.0m (131'3&quot;)CRN1976">yacht Ava for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="General Motors (Company)">General Motors</a> engines, delivering a cruising speed of 13 knots and a top speed of 14 knots. All images provided courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

40m CRN motor yacht Ava for sale

The 40m CRN motor yacht Ava has been listed for sale with IYC, offering classic Italian craftsmanship and proven charter credentials.


The 50.4-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> motor yacht <a data-gid="gid://syiq/Yacht/853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emerald50.4m (165'4&quot;)Feadship1990">Emerald</a>&nbsp;is currently on the market with Richard Higgins and Matt Palmer of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> offers an opportunity to acquire a refitted vessel following an extensive 16-month rebuild completed in 2023, which included extending her length from 48 to now 50.4-metres.<img src="https://photo-assets.superyachttimes.com/photo/399872/image/large-a1a5e2d064f2dd79b9d13d0d2e73b414.jpg" data-gid="gid://syiq/Photo/399872">Originally delivered by Dutch shipyard in 1990, the <a data-gid="gid://syiq/Yacht/853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emerald50.4m (165'4&quot;)Feadship1990">yacht Emerald for sale</a> features exterior design and naval architecture by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a>, while her interior was redesigned by <a data-gid="gid://syiq/Company/329" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Design Unlimited (Company)">Design Unlimited</a> during the rebuild. <img src="https://photo-assets.superyachttimes.com/photo/399870/image/large-2df2bdee3d6717fc4d07ba05a00006c4.jpg" data-gid="gid://syiq/Photo/399870">Constructed with a steel hull and aluminium superstructure, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has a beam of 8.18-metres, and a draft of 2.5-metres.<img src="https://photo-assets.superyachttimes.com/photo/399874/image/large-c3286a9f1291c0d3f062181835b7a7ed.jpg" data-gid="gid://syiq/Photo/399874" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/399869/image/large-f6626c9ffb7a9033c1c02246d0bc3a36.jpg" data-gid="gid://syiq/Photo/399869" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">In terms of outdoor living, the <a data-gid="gid://syiq/Yacht/853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emerald50.4m (165'4&quot;)Feadship1990">yacht Emerald for sale</a>’s bridge deck saloon and aft cockpit were extended, with a single crane replacing the original twin-crane arrangement resulting in a more versatile outdoor lounge. Meanwhile, her sundeck was lengthened to accommodate a forward Jacuzzi, sun pads, additional lounge seating and a wet bar.<img src="https://photo-assets.superyachttimes.com/photo/399876/image/large-35f16f5691d0fd86cf344cc418336526.jpg" data-gid="gid://syiq/Photo/399876">Stepping inside, <a data-gid="gid://syiq/Yacht/853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emerald50.4m (165'4&quot;)Feadship1990">Emerald</a> embraces a contemporary interior by <a data-gid="gid://syiq/Company/329" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Design Unlimited (Company)">Design Unlimited</a>, finished in soft neutral tones with warm timber detailing. With a redesigned main saloon, separate lounge and dining areas are offered to guests, while large windows maximise natural light throughout the living spaces.<img src="https://photo-assets.superyachttimes.com/photo/399875/image/large-65f49dafec9f800e01e5763b0f228840.jpg" data-gid="gid://syiq/Photo/399875">With an interior volume of 467 GT, accommodation onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=feadship" rel="noopener noreferrer" target="_blank" title="">Feadship yacht for sale</a> has been reconfigured and is now arranged for up to 12 guests across six staterooms. The layout comprises a forward-facing owner's suite and adjacent VIP suite on the main deck, alongside four guest staterooms on the lower deck. Dedicated quarters sleep up to 10 crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/399877/image/large-0535fbc877085fc643366b2498ffe138.jpg" data-gid="gid://syiq/Photo/399877"><img src="https://photo-assets.superyachttimes.com/photo/399878/image/large-e2c719b45d8d1a91c7fdc7a56d1b734d.jpg" data-gid="gid://syiq/Photo/399878">Beyond her aesthetic transformation, the rebuild of the <a data-gid="gid://syiq/Yacht/853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emerald50.4m (165'4&quot;)Feadship1990">yacht Emerald for sale</a> included new Quantum extending fin stabilisers for enhanced comfort underway and at anchor, alongside upgraded navigation, audiovisual and IT systems, Starlink connectivity, a new commercial galley, walk-in refrigeration facilities and renewed class certification with commercial compliance.<img src="https://photo-assets.superyachttimes.com/photo/399871/image/large-3ce140cfc66a01010e3f6fe014c0d45d.jpg" data-gid="gid://syiq/Photo/399871" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">In terms of performance, the <a data-gid="gid://syiq/Yacht/853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emerald50.4m (165'4&quot;)Feadship1990">yacht Emerald for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, delivering a cruising speed of 11 knots and a top speed of 14 knots. <img src="https://photo-assets.superyachttimes.com/photo/399873/image/large-eb943885abfce05cb33aa0301c8b1f1e.jpg" data-gid="gid://syiq/Photo/399873">

50m Feadship superyacht Emerald for sale

The 50m Feadship superyacht Emerald has been listed for sale with Northrop & Johnson, following an extensive rebuild completed in 2023.

<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> has announced the delivery of the 39.92-metre flagship motor yacht <a data-gid="gid://syiq/Yacht/13251" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shine39.92m (130'12&quot;)Van der Valk Shipyard2026">Shine</a>, following her sea trials earlier this year. Previously named Project EVO, she is the Dutch shipyard’s largest yacht to date.<img src="https://photo-assets.superyachttimes.com/photo/391534/image/large-e177730cbb9cea05c51ef7f8bdc4369b.jpg" data-gid="gid://syiq/Photo/391534">Launched in March 2026 from <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a>'s facilities in Waalwijk, the Netherlands, Shine features exterior design by <a data-gid="gid://syiq/Company/205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cristiano Gatto Design (Company)">Cristiano Gatto Design</a>, developed from an original concept by <a data-gid="gid://syiq/Company/7429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SFG Yacht Design (Company)">SFG Yacht Design</a> and <a data-gid="gid://syiq/Company/7845" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fancy by Dada (Company)">Fancy by Dada</a>.Read more:&nbsp;<a data-gid="gid://syiq/Article/65536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="40m Van der Valk yacht Project EVO launched and named Shine (2026-03-04 11:00:00 +0100)">40m Van der Valk yacht Project EVO launched and named Shine</a><img src="https://photo-assets.superyachttimes.com/photo/391530/image/large-221462d5721514f463fc5e3b0ee5b4a9.jpg" data-gid="gid://syiq/Photo/391530">The project grew from an initial 36-metre concept into the current 40-metre vessel, with the owners closely involved at every stage of the design process. Her owners were introduced to <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> by Thom Conboy who acted as the owner’s representative throughout the build.<a data-gid="gid://syiq/Yacht/13251" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shine39.92m (130'12&quot;)Van der Valk Shipyard2026">Shine</a> boasts interior design by <a data-gid="gid://syiq/Company/205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cristiano Gatto Design (Company)">Cristiano Gatto Design</a>, with naval architecture courtesy of <a data-gid="gid://syiq/Company/285" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ginton Naval Architects (Company)">Ginton Naval Architects&nbsp;</a>and <a data-gid="gid://syiq/Company/7" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Diana Yacht Design (Company)">Diana Yacht Design</a>. Gatto’s team used approximately 78 different materials to realise the owner’s brief, reflecting his preference for personally handling and driving his own vessels.<img src="https://photo-assets.superyachttimes.com/photo/391531/image/large-ca9ce5a6633cedcdfcaa58229c6e64b4.jpg" data-gid="gid://syiq/Photo/391531">At a volume of 370 GT, she can accommodate up to 10 guests across five well-appointed staterooms. Her full-beam owner’s deck is located on the main deck forward and is fitted with his-and-hers bathrooms and a walk-in wardrobe.<a data-gid="gid://syiq/Yacht/13251" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shine39.92m (130'12&quot;)Van der Valk Shipyard2026">Shine</a>’s remaining guest suites are found on the lower deck, comprising two double staterooms and two twin staterooms. One of the suites can be converted into a double and the second can also be used as a gym.<img src="https://photo-assets.superyachttimes.com/photo/391129/image/large-2f5863e2ad16b526ba59da632617f253.jpg" data-gid="gid://syiq/Photo/391129">Moving outside, <a data-gid="gid://syiq/Yacht/13251" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shine39.92m (130'12&quot;)Van der Valk Shipyard2026">Shine</a> showcases a main-deck alfresco seating area sheltered beneath a hardtop, while her spacious beach club provides seamless access to the water via twin staircases.Additional outdoor living areas are located on the bridge deck, which features a large alfresco dining space, while the sun deck is arranged with a further lounge area, sunloungers and a bar for relaxed entertaining.<img src="https://photo-assets.superyachttimes.com/photo/391529/image/large-a2df695e5e39ff46e27ba6654af143bd.jpg" data-gid="gid://syiq/Photo/391529">In terms of performance, <a data-gid="gid://syiq/Yacht/13251" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shine39.92m (130'12&quot;)Van der Valk Shipyard2026">Shine</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a top speed of 24 knots at half load and a cruising speed of 19 knots. She also has a range of 2,200 nautical miles at a cruising speed of 10 knots.

Shine: 40m Flagship Van der Valk yacht delivered

Van der Valk Shipyard has announced the delivery of the 39.92-metre flagship motor yacht Shine, following her sea trials earlier this year.

40m Flagship Van der Valk motor yacht Shine delivered

<a data-gid="gid://syiq/Company/1661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tankoa Yachts S.p.A. (Company)">Tankoa Yachts</a> has announced the launch of the 51.5-metre T52 Vitruvius yacht <a data-gid="gid://syiq/Yacht/12045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit51.5m (168'12&quot;)Tankoa Yachts S.p.A.2026">Spirit</a> from its facilities in Genoa on Saturday 11 July. The launch took place in the presence of her owners, guests, the Tankoa management team and the team behind her construction. <img src="https://photo-assets.superyachttimes.com/photo/399831/image/large-8b3f2f29e4b3f8cbb7eb17028aa9c154.jpg" data-gid="gid://syiq/Photo/399831">Previously known as Project Secret, construction on <a data-gid="gid://syiq/Yacht/12045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit51.5m (168'12&quot;)Tankoa Yachts S.p.A.2026">Spirit</a> began in 2022 with exterior design and naval architecture by <a data-gid="gid://syiq/Company/8394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Philippe Briand Group Ltd. (Company)">Philippe Briand</a> and Veerle Battia of <a data-gid="gid://syiq/Company/1405" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitruvius Yacht Design (Company)">Vitruvius Yacht Design</a>, with interior design penned by <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a>.“A launch is always such a special moment,” commented Vincenzo Poeri, CEO of <a data-gid="gid://syiq/Company/1661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tankoa Yachts S.p.A. (Company)">Tankoa Yachts</a>. “It is the culmination of many years of hard work, and it is a privilege to share this experience, and all of the emotions associated with it, with our clients and everyone involved in her construction.”<a data-gid="gid://syiq/Yacht/12045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit51.5m (168'12&quot;)Tankoa Yachts S.p.A.2026">Spirit</a> was designed with a focus on creating a tranquil atmosphere for guests onboard. As a result of this, Willem Van Cappellen of <a data-gid="gid://syiq/Company/5472" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Cappellen Consultancy (Company)">Van Cappellen Consultancy</a> was enlisted to oversee the interior sound and vibration aspects, to increase the owner’s goal of enhancing the resonance of the ocean's sounds.Read more:&nbsp;<a data-gid="gid://syiq/Article/60216" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Build update: Hull of 52m Tankoa superyacht Project Secret completed (2024-04-18 14:45:00 +0200)">Hull of 52m Tankoa superyacht Project Secret completed</a><img src="https://photo-assets.superyachttimes.com/photo/399832/image/large-7cfa1f20266928ffc6fa9bfd9ef05fb6.jpg" data-gid="gid://syiq/Photo/399832">Her interior design uses a refined palette of natural materials, soft textures and understated detailing to enhance the sense of calm onboard. Ample daylight floods her interior spaces, thanks to full-height windows, further enhancing her connection to the water.<a data-gid="gid://syiq/Yacht/12045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit51.5m (168'12&quot;)Tankoa Yachts S.p.A.2026">Spirit</a> can comfortably accommodate up to 12 guests across a six stateroom configuration, with her master suite situated on the main deck, complete with a private balcony that offers breathtaking sea views.Key features of <a data-gid="gid://syiq/Yacht/12045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit51.5m (168'12&quot;)Tankoa Yachts S.p.A.2026">Spirit</a> include a stern plunge pool, with side platforms to allow guests to move effortlessly between training, recovery and swimming. Her wellness-focused beach club is also centered around a spacious gym, which opens directly onto an expansive aft terrace. <img src="https://photo-assets.superyachttimes.com/photo/399830/image/large-d7cd3f5a342d5bd4eba2b4248f831623.jpg" data-gid="gid://syiq/Photo/399830">During her engineering and construction phases, <a data-gid="gid://syiq/Company/1661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tankoa Yachts S.p.A. (Company)">Tankoa Yachts</a> carried out an extensive optimisation study covering the hull, weight distribution and overall dynamics to maximise efficiency.As a result, <a data-gid="gid://syiq/Yacht/12045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit51.5m (168'12&quot;)Tankoa Yachts S.p.A.2026">Spirit</a> is equipped with a full-hybrid propulsion system by <a data-gid="gid://syiq/Company/7127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="E-Motion Hybrid (Company)">E-motion Hybrid</a>, combining conventional engines with electric motors and batteries. In terms of performance, <a data-gid="gid://syiq/Yacht/12045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit51.5m (168'12&quot;)Tankoa Yachts S.p.A.2026">Spirit</a> can reach a top speed of 17 knots and a cruising speed of 15 knots.&nbsp;“<a data-gid="gid://syiq/Yacht/12045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit51.5m (168'12&quot;)Tankoa Yachts S.p.A.2026">Spirit</a> perfectly demonstrates <a data-gid="gid://syiq/Company/1661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tankoa Yachts S.p.A. (Company)">Tankoa</a>'s ability to transform an ambitious, highly bespoke vision into reality through exceptional craftsmanship and close collaboration with both the owner, his design team and our team,” concluded Vincenzo Poeri. <img src="https://photo-assets.superyachttimes.com/photo/362869/image/large-8d7e037b40e6add0ae8bcc7a9b2b1e07.jpg" data-gid="gid://syiq/Photo/362869"><a data-gid="gid://syiq/Yacht/12045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit51.5m (168'12&quot;)Tankoa Yachts S.p.A.2026">Spirit</a> will now enter the final stages of construction, with sea trials and technical testing underway ahead of delivery to her owner.

Spirit: Hybrid Tankoa T52 Vitruvius yacht launched

Tankoa Yachts has announced the launch of the 51.5-metre T52 Vitruvius yacht Spirit from its facilities in Genoa on Saturday 11 July.

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52m Hybrid Tankoa T52 Vitruvius yacht Spirit launched

<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> has unveiled the first details on its new 24-metre <a data-gid="gid://syiq/Yacht/15636" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship F8024.0m (78'9&quot;)Feadship2027">Feadship F80</a> yacht as she moves to outfitting. <img src="https://photo-assets.superyachttimes.com/photo/399826/image/large-196a2ca0131ad947f76b475a4aef641f.jpg" data-gid="gid://syiq/Photo/399826">Construction of the yacht began in 2025 at the <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> Makkum facility, with the first F80 yacht now moving to outfitting at the <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> De Vries facility in the Netherlands. Developed in response to growing demand for a yacht around the 24 metre mark, she is inspired by the appeal of classic <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>s. <img src="https://photo-assets.superyachttimes.com/photo/399817/image/large-90b231ed5164b53421cb55a8225c6953.jpg" data-gid="gid://syiq/Photo/399817"><img src="https://photo-assets.superyachttimes.com/photo/399802/image/large-79873b5ba861bb92c8a7b30f99738d4d.jpg" data-gid="gid://syiq/Photo/399802"><img src="https://photo-assets.superyachttimes.com/photo/399813/image/large-8cafd4adb7ad48a63c8662efc111d9fa.jpg" data-gid="gid://syiq/Photo/399813">Details surrounding the aluminium <a data-gid="gid://syiq/Yacht/15636" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship F8024.0m (78'9&quot;)Feadship2027">Feadship F80</a> yacht are yet to be revealed, with Feadship describing the yacht as a new chapter for the shipyard. “When your reputation is built on creating some of the world’s most iconic superyachts, a yacht of 24-metres has to be something truly special,” they explained.<img src="https://photo-assets.superyachttimes.com/photo/399809/image/large-675840528af1843bdded03588598245e.jpg" data-gid="gid://syiq/Photo/399809"><img src="https://photo-assets.superyachttimes.com/photo/399810/image/large-7e4161e8fa184a8249632771ed76c093.jpg" data-gid="gid://syiq/Photo/399810">The first images of the <a data-gid="gid://syiq/Yacht/15636" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship F8024.0m (78'9&quot;)Feadship2027">Feadship F80</a> show flowing lines, which create an elegant silhouette, with her broad beam suggesting a generous interior volume. Expansive windows flood her living spaces with natural light, with glazing spanning her main deck. <img src="https://photo-assets.superyachttimes.com/photo/399824/image/large-f72bd5a714f706a101e0c5567a361318.jpg" data-gid="gid://syiq/Photo/399824"><img src="https://photo-assets.superyachttimes.com/photo/399823/image/large-4aaa5efb85985face5be21e398555739.jpg" data-gid="gid://syiq/Photo/399823">According to <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> the <a data-gid="gid://syiq/Yacht/15636" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship F8024.0m (78'9&quot;)Feadship2027">F80</a> yacht combines timeless styling, generous living spaces, a top speed of 33 knots and exceptional onboard comfort. She has an expected delivery date of 2027.<img src="https://photo-assets.superyachttimes.com/photo/399812/image/large-49fb8b4595aace2c10fa9e3739e89af7.jpg" data-gid="gid://syiq/Photo/399812">

Feadship F80: 24m yacht moves to outfitting

Feadship has unveiled the first details on its new 24-metre Feadship F80 yacht as she moves to outfitting. 

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First Look: 24m Feadship F80 yacht moves to outfitting

With all of the travel and business disruption caused by the ongoing Covid-19 pandemic, it has been a challenging and unusual time for both our industry and the wider world, with a collective sigh of relief audible at the year’s close and a sense of enduring hope for the new year clear from all quarters.<img src="https://photo-assets.superyachttimes.com/photo/187401/image/large-944defa18727ca7ec3c5e0d1636d3a3e.jpg" data-gid="gid://syiq/Photo/187401">Despite the challenges the pandemic brought with it, 2021’s first issue of The SuperYacht Times remains full to the brim with the latest superyacht market insights (pp.24-5), spotlights on some of the latest coolest new-build projects (pp.20-22), behind-the-scenes shipyard visits (p.16) and, new for this issue, expert commentary on Brexit latest news (p.32) and the future of ‘luxury’ (33) in our industry. <img src="https://photo-assets.superyachttimes.com/photo/187402/image/large-2931aa5a0b322c795dea730089b4659f.jpg" data-gid="gid://syiq/Photo/187402">READ ABOUT…ENTREPRENEURS4: “Despite its reputation, yachting is one of the few very innovative industries” - <a data-gid="gid://syiq/Company/4780" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MARSS (Company)">MARSS’&nbsp;</a>CEO &amp; Founder Johannes Pinl.<img src="https://photo-assets.superyachttimes.com/photo/187403/image/large-3b858f418d648b2025372eaad1db9a50.jpg" data-gid="gid://syiq/Photo/187403">INSIDE&nbsp;BLACK SHARK30. As the story of<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)"> Nobiskrug's</a> up-and-coming 77.1-metre Black Shark continues, we get a glimpse inside.<img src="https://photo-assets.superyachttimes.com/photo/187404/image/large-fee87e3055ab6e4039e82bc05507916b.jpg" data-gid="gid://syiq/Photo/187404">COVID-19 AND YACHTING&nbsp;33: “Luxury is shaping up to be much more casual in 2021 and beyond” - <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Dickie Bannenberg</a>.<img src="https://photo-assets.superyachttimes.com/photo/187402/image/large-2931aa5a0b322c795dea730089b4659f.jpg" data-gid="gid://syiq/Photo/187402">ONBOARD O'PARI12. Join us for a look around <a data-gid="gid://syiq/Company/4968" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atalanta Golden Yachts (Company)">Golden Yachts'</a> new 95-metre flagship <a data-gid="gid://syiq/Yacht/7237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="O'Pari95.0m (311'8&quot;)Golden Yachts Ltd.2020">O'Pari</a>,&nbsp;which has been designed with a Greek theme perfect for the summer nights out on the Mediterranean. <img src="https://photo-assets.superyachttimes.com/photo/187405/image/large-b0509bddfc14d229a9f0642fafdea613.jpg" data-gid="gid://syiq/Photo/187405" style="background-color: initial; font-size: 0.85rem;">OWNER INTERVIEWS &amp; TRAVEL TALES38: “You can’t have a perfect custom project: we are all perpetually learning, making errors and finding solutions” - Owner of <a data-gid="gid://syiq/Yacht/6507" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Canova43.3m (142'1&quot;)Baltic Yachts2019">Canova</a>.40: “I took the binoculars out to look — and it was the captain and first mate dressed up in a moose and a bear outfit out in the middle of the marsh, play-fighting...” - Owner of&nbsp;<a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wonderland37.19m (122'0&quot;)Delta Marine1997">Wonderland</a>.<img src="https://photo-assets.superyachttimes.com/photo/187406/image/large-8be3501b19bbe0b7ac5a851dbfc0b64d.jpg" data-gid="gid://syiq/Photo/187406" style="background-color: initial; font-size: 0.85rem;"><a href="http://shop.superyachttimes.com/report/the-superyacht-times-subscription" rel="noopener noreferrer" style="font-size: 0.85rem;" target="_blank" title="">Subscribe</a>&nbsp;now to receive your copy straight to your door and never miss another issue.<img src="https://photo-assets.superyachttimes.com/photo/187400/image/large-108ca8d997996d11813fdf2920eb6eac.jpg" data-gid="gid://syiq/Photo/187400" style="background-color: initial; font-size: 0.85rem;">

Trends, Covid-19 and Brexit latest: What you need to know in the new SuperYacht Times newspaper 

The latest market trends, the impact of Covid-19 and Brexit latest: don't miss the first 2021 issue of The SuperYacht Times newspaper. 