Stepping into the shoes of the CEO of one of the most famous Italian shipyards in the world is a task that not many could confidently undertake, though following his acquisition of Sanlorenzo over a decade ago, Massimo Perotti has done exactly that. Under his leadership, the company has not only been successfully guided through the turbulent times of the Financial Crisis, but has gone through a period of rapid - and quite phenomenal - growth that certainly doesn’t seem to be grinding to a halt anytime soon.

 

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/163028/image/large-751b5937dd4581abfb92deae47e920e8.jpg" data-gid="gid://syiq/Photo/163028">

 

 

Entering the yachting industry in the early 80s, Perotti was still a student when he met Mr. Vitelli, President of Azimut-Benetti. Immediately hitting it off, Vitelli was so impressed with Perotti that he took him on as his assistant whilst still in the process of finishing his last exams at university. Speaking with Perotti, it’s not hard to see why Vitelli would have grounds to be impressed - even at the beginning of his successful career. He’s a man with a true passion for the industry, working tirelessly around the clock with his head always in the game. In his own words, “I have been putting my heart and soul into this industry since day one.”

It wasn’t until May 2004, when Perotti was 44 years old, that he took this passion elsewhere, eager to be the Chief in Command of his own operation. And that’s where Sanlorenzo comes in. He describes this journey: “I had a lot of experience in one of the top managerial positions of one of the largest shipbuilding groups in the world, but I desired to become the entrepreneur myself. At the time, Sanlorenzo was listed for sale. Mr. Jannetti had no children to pass the company on to, and so asked me to work beside him for a year to be sure I deserved to take his baby. Most importantly, he needed to be reassured that I would develop the company following his philosophy, a philosophy that included no large scale production, made to measure products, and personal relationships with each customer always with quality and service at the top of his goals.”

 

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/163029/image/large-88806f2854be59380d62d4fa69823abf.jpg" data-gid="gid://syiq/Photo/163029">

 

Despite rumours of disagreements in the aforementioned Sanlorenzo philosophy between Jannetti and Perotti, Perotti insists that this is untrue, and though Sanlorenzo has indeed seen constant growth since he took over the company, an aggressive expansion plan was never the intention. Since the beginning he has respected the wishes of the company’s founder, as he tells us, “Today we still build 30 yachts per year, which are now, of course, larger because of the market demand. I always try to remember Janetti’s way of doing business, and that’s a key-point in the heart of Sanlorenzo's branding. I learnt from Jannetti the philosophy “tradition and innovation” and I improved the product by technical innovation and design, always without forgetting the tradition of the brand throughout the years.”

It’s clear that Perotti truly lives and breathes Sanlorenzo - an admirable quality that is perhaps reflective of the leaps and bounds the brand has taken over the years. This actually isn’t just a turn of phrase in the case of Perotti who, for the first eight years of leadership at Sanlorenzo, lived aboard a Sanlorenzo vessel near the shipyard facilities. Describing his dedication to learning his product inside out, he says, “I liked the idea of learning everything I could - both good and the bad - of my product. It is essential for the Chairman as well as technical people of a yachting company to know the characteristics of the yachts built by the shipyard and to understand how to improve it.”

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/163030/image/large-66240bd8c9102836b8364dc48ee893f0.jpg" data-gid="gid://syiq/Photo/163030">

“At the weekend I used to go back to Torino where I have my main residency,” he continues. “I owned a SD 92 named Coco a few years ago; now I move from one yacht to another depending on the tests/prototype needs. I keep boating to three months per year in the summer.”

We managed to catch Perotti amidst his summer yachting excursions recently, who gave us a frank insight into the world of Sanlorenzo.

Following a tough period you attracted new investors in the company in 2013, Sundiro. Part of the agreement is to build 10 to 20 metre boats. Is that still the case?

In 2013 we carried out a capital increase in order to support the company through the heavy crisis. The new partner today owns 22% of Sanlorenzo, which is an important minority stake in the company. With this partner we planned to build yachts below 20 metres in China together but from 2014 onwards the market has shifted and we have decided - in total agreement - to stop this project and await future developments of the market in the Far East.

You also have a lease of the San Marco shipyard in La Spezia. Is the market for 50+ metre yachts becoming more important for Sanlorenzo?

Cantieri San Marco has been the right investment at the right time. Our strategy is to split the company into two strong divisions, comprised of the Yacht Division contributing two thirds of the business, and the Superyacht Division, representing a third of the business.

The San Marco shipyard has the capability to build yachts above 100 metres, but we have no intention to enter the megayacht market. Sanlorenzo’s philosophy is to grow slowly, taking care of our customers. We have built eight units of 46 metres in steel (the 46Steel) in the last six years, four of whose owners are now asking the shipyard to build yachts exceeding 60 metres. As a result, we are now producing 58, 62, 64, and 66 metre yachts for these customers respectively, all to be delivered in 2019 and 2020.

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/163031/image/large-e00d4f8b4f3db0a96ac734d526233b73.jpg" data-gid="gid://syiq/Photo/163031">

You also have plans to rebuild the Ameglia shipyard. Is that ground-breaking plan going ahead?

Yes, we are going to double the size of Ameglia shipyard within 2018 and extend production capacity in both Divisions: in the Superyacht Division acquiring CSM shipyard in La Spezia in 2016, and in the Yacht Division, expanding its facilities with the new shipyard in Ameglia within 2018.

In 2014 you were appointed Chairman of UCINA, resigning just a year later stating that the Association lacked the proactive attitude and positive thinking required to put your initiatives into practice. How is your relationship with UCINA today?

My relationship with UCINA has always been very good. Today I am a Past President that is still very active inside UCINA. I strongly believe there was no need to start a new association (Nautica Italiana). I think it is more appropriate to openly discuss matters inside UCINA, improving the Italian nautical association as much as we can. I personally think it is an international embarrassment for the Italian Industry to split the nautical association into two.

My resignation from the role of President happened in order to avoid the risk of certain shipyards leaving UCINA, but my sacrifice was not enough. It seems that my Italian colleagues, the big companies with big business worldwide, find it hard to accept the democratic rules of an association which has to act in favour of all players.

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/163032/image/large-c36b93007a74bb66cdef04b979adeca4.jpg" data-gid="gid://syiq/Photo/163032">

Considering the massive growth of the company over the past decade, where do you envision Sanlorenzo in another decade?

My vision for Sanlorenzo for the next decades is further growth of 20 to 30% taking us to a turnover of €300 - 350 million; continuous improvement of the product with technology and design innovation to satisfy the new demand of the market; continuously improve our level of service; to come closer to the top quality Dutch and German top shipyards. We believe the top side of the market cares a lot about quality and service regardless of price, and that is precisely the side of the market we’d like to be.

This article was featured in issue X of The SuperYacht Times newspaper. Subscribe <a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription">now</a> and never miss another issue.

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Insight: Meeting Massimo, Sanlorenzo’s CEO

<a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>’s 111-metre superyacht Project Y722 has been seen out of the shed for the first time as she nears completion. The motor yacht began construction in 2020 at the Zwijndrecht facility in the Netherlands, and is currently the largest yacht in-build at <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>.<img src="https://photo-assets.superyachttimes.com/photo/273135/image/large-7622b0c659d4f0b822f6da83d26b90e1.jpg" data-gid="gid://syiq/Photo/273135">Details surrounding Project Y722 have been kept tightly under wraps, since construction started on the steel hull and aluminium superstructure. Her naval architecture has been penned by <a data-gid="gid://syiq/Company/5009" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lateral Naval Architects (Company)">Lateral Naval Architects</a>, while <a data-gid="gid://syiq/Company/2091" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mark Berryman Design Ltd (Company)">Mark Berryman Design Ltd</a> were responsible for her interior.<img src="https://photo-assets.superyachttimes.com/photo/273134/image/large-9626611c8f66dc0a596dbb00be9c0d2d.jpg" data-gid="gid://syiq/Photo/273134"><img src="https://photo-assets.superyachttimes.com/photo/273136/image/large-439d79f675237f14c103044a0ab2170e.jpg" data-gid="gid://syiq/Photo/273136">In terms of length, Project Y722 ranks as the third largest yacht to be built by <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, behind the 117-metre motor yacht <a data-gid="gid://syiq/Yacht/6433" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Infinity117.0m (383'10&quot;)Oceanco2022">Infinity</a>, and Jeff Bezos’ recently delivered sailing yacht <a data-gid="gid://syiq/Yacht/7500" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Koru127.0m (416'8&quot;)Oceanco2023">Koru</a>.<img src="https://photo-assets.superyachttimes.com/photo/273137/image/large-50bb6ef9f5efc71fc5bbe2363c5d8352.jpg" data-gid="gid://syiq/Photo/273137">

Oceanco superyacht Project Y722 nears completion

The 111m Oceanco superyacht Project Y722 has been seen out of the shed for the first time as she nears completion. 

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111m Oceanco superyacht Project Y722 seen out of the shed for the first time

<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> has announced its partnership with NEOM, the global development taking shape in northwest Saudi Arabia. The planned smart city is currently in construction and once complete will support the vision of establishing the area as a world-leading travel destination. <img src="https://photo-assets.superyachttimes.com/photo/250919/image/large-834ab5a6be786201ca6248864772ee79.png" data-gid="gid://syiq/Photo/250919">Through their partnership, <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> will work with NEOM to develop and operate the prestigious marina at Sindalah. Positioned with direct access to the Red Sea, Sindalah will be the closest marina to Europe and the Mediterranean.&nbsp;Sindalah is expected to be a key project in supporting Saudi Arabia’s national tourism strategy, and the marina will offer 86 berths for yachts up to 50-metres. As well as this, additional serviced offshore buoys will provide anchorages for superyachts up to 180-metres.“Sindalah will be one of the most alluring and vibrant yachting destinations in the world, thanks to its strategic location, outstanding amenities and stunning natural landscapes,” explained Antoni Vives, Head of Urban Development at NEOM. <img src="https://photo-assets.superyachttimes.com/photo/250918/image/large-35931dea9dd1c2769f1d6af559839d52.png" data-gid="gid://syiq/Photo/250918">On land, Sindalah will offer guests high-end premium hotels options including Four Seasons and the Ultra Luxury Collection by Marriott. Other tourist attractions will include retail venues, ulinary dining from Michelin star chefs and an exotic golf course designed by Robert Trent Jones and operated by IMG.“This partnership with <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> is one of many steps we are taking to achieve our vision of reshaping the global yachting calendar, with NEOM located one day’s cruising distance from the Mediterranean Sea.”Read: <a data-gid="gid://syiq/Article/56505" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Sea development: Sindalah, NEOM’s first island development with 86-berth marina announced (2022-12-05 14:30:00 +0100)">Red Sea development: Sindalah, NEOM’s first island development with 86-berth marina announced<img src="https://photo-assets.superyachttimes.com/photo/273050/image/large-3d985d97247e2118f83b87c08bb9ea4e.jpg" data-gid="gid://syiq/Photo/273050"></a><a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> currently offers a network of 23 marinas across 12 countries, and once established, Sindalah will also offer exclusive membership of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> superyacht membership program <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Trident.“Sindalah perfectly integrates with <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s global vision to connect the world’s most incredible yachting destinations across our growing marina network,” added Tom Mukamal, CEO of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>. “The addition of NEOM to the <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> platform provides superyacht owners, captains and charter guests unrivaled destinations, service and convenience. <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> is tremendously excited about the opportunity to promote this amazing new destination to the international yachting community.”<img src="https://photo-assets.superyachttimes.com/photo/273043/image/large-91d98ad2b2e78c4726181f722b5c486a.jpg" data-gid="gid://syiq/Photo/273043">NEOM is currently in-build, with the first destinations due to open in 2024. The project has been phased with OXAGON getting its first residents in 2024 and TROJENA becoming a place to live, work and holiday in 2026. THE LINE will be activated in 2026 and by 2030, around one million people will be residing in NEOM, with predictions that this figure will rise to nine million in 2045.

IGY Marinas partners with NEOM marina Sindalah in Saudi Arabia

IGY Marinas has announced its partnership with the NEOM marina Sindalah to develop yachting in Saudi Arabia.

IGY Marinas partners with NEOM marina Sindalah to develop yachting in Saudi Arabia 

<img src="https://photo-assets.superyachttimes.com/photo/243632/image/large-3d50ab60434244be48566f6dc3f3b2d3.jpg" data-gid="gid://syiq/Photo/243632">The 41.8-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/2753" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Miss Iloilo41.8m (137'2&quot;)Feadship1986">Miss Iloilo</a>, previously named Golden Rule and&nbsp;Excellence, has been sold with Alan Kelly of <a data-gid="gid://syiq/Company/6930" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="LIIR Yachts International (Company)">LIIR Yachts International</a> representing the buyer and Miles Clark of <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/243633/image/large-f1fddfafe36a2250f695f73030662287.jpg" data-gid="gid://syiq/Photo/243633"><img src="https://photo-assets.superyachttimes.com/photo/243634/image/large-31f69750b1dc27bfe8a93b9e61991006.jpg" data-gid="gid://syiq/Photo/243634"><img src="https://photo-assets.superyachttimes.com/photo/243631/image/large-40a4b70e1641484ab4df18b8e19e1ab5.jpg" data-gid="gid://syiq/Photo/243631">The motor yacht was delivered in 1986. She features exterior design by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a>, while her interior was penned by <a data-gid="gid://syiq/Company/42" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Glade Johnson Design, Inc. (Company)">Glade Johnson Design,</a> with 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>. Up to 13 guests are accommodated onboard the superyacht <a data-gid="gid://syiq/Yacht/2753" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Miss Iloilo41.8m (137'2&quot;)Feadship1986">Miss Iloilo</a>, and she also has accommodation for 11 crew members including the captain.<img src="https://photo-assets.superyachttimes.com/photo/207848/image/large-9943132e2775be61bfd1823f8d14c9fe.jpg" data-gid="gid://syiq/Photo/207848"><img src="https://photo-assets.superyachttimes.com/photo/243641/image/large-d3cd30e8cfe38849a5b905a68536feef.jpg" data-gid="gid://syiq/Photo/243641"><img src="https://photo-assets.superyachttimes.com/photo/207846/image/large-7da9674d3e31131bd8a4cd2b2eca6b2d.jpeg" data-gid="gid://syiq/Photo/207846">The motor yacht has a steel hull and aluminium superstructure. She is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, which give her a cruising speed of 11 knots and a top speed of 13.7 knots. The yacht carries 43,112 litres of fuel onboard, and 8,210 litres of water.<img src="https://photo-assets.superyachttimes.com/photo/207845/image/large-e2c940e783ad00978c0d6e04c80a5914.jpeg" data-gid="gid://syiq/Photo/207845"><img src="https://photo-assets.superyachttimes.com/photo/207844/image/large-939eb03d0cd528608e88d94985a58ff5.jpeg" data-gid="gid://syiq/Photo/207844">She had a last asking price of $7,800,000.

42m Feadship motor yacht Miss Iloilo sold

The 41.8m Feadship motor yacht, Miss Iloilo, sold with LIIR Yachts International representing the buyer and Ocean Independence representing the seller

The 40-metre ketch sailing yacht <a data-gid="gid://syiq/Yacht/4333" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alessandro40.0m (131'3&quot;)Ruth Yachting2011">Alessandro</a> is for sale. The <a href="https://www.superyachttimes.com/yachts/alessandro" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a>, which was built by Turkish shipyard <a data-gid="gid://syiq/Company/2667" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ruth Yachting (Company)">Ruth Yachting</a>, was launched in 2011. <img src="https://photo-assets.superyachttimes.com/photo/273022/image/large-0a61029438fb1a8ef7c6c0b260be56d0.png" data-gid="gid://syiq/Photo/273022">The <a href="https://www.superyachttimes.com/yachts/sailing/for-sale" rel="noopener noreferrer" target="_blank" title="">sailing yacht for sale</a> features a ketch rig and wooden hull, with an 8-metre beam and volume of 143 GT. Designed in house by her builder, the sailing yacht features expansive decks with a large dining area, forward sunbathing and deck Jacuzzi. The yacht also features a fold down transom that transforms into a swim platform and offers easy access to the main deck.<img src="https://photo-assets.superyachttimes.com/photo/260745/image/large-83c3a6edad2ba8d3a8d1b8dfca6188b8.png" data-gid="gid://syiq/Photo/260745"><img src="https://photo-assets.superyachttimes.com/photo/260747/image/large-89d469262d367a1a5458789d4644b85d.png" data-gid="gid://syiq/Photo/260747"><img src="https://photo-assets.superyachttimes.com/photo/260754/image/large-6b81363dcf26172b1b169d5f1d5b3dfb.png" data-gid="gid://syiq/Photo/260754">&nbsp;Able to accommodate as many as 10 guests between five staterooms, the yacht for sale has a full beam owner's suite, and four doubles. The owner's suite is extremely spacious, with a centralised, walk-around king bed, a number of lounges and a small table for working or dining.<img src="https://photo-assets.superyachttimes.com/photo/260750/image/large-40cbdb82ed05d8947d0024b4edfc0b5f.png" data-gid="gid://syiq/Photo/260750"><img src="https://photo-assets.superyachttimes.com/photo/260751/image/large-3bd882929bd654cb37762f8b1aa62421.png" data-gid="gid://syiq/Photo/260751"><img src="https://photo-assets.superyachttimes.com/photo/260752/image/large-eca222858d2411f14e717b63aa75914f.png" data-gid="gid://syiq/Photo/260752">The yacht's interior is well appointed and she features a comfortable and spacious main saloon and cockpit area, with a large dining table that can accommodate as many as 10 guests. The main saloon features a bar, lounge and dining area, as well as a steering wheel.<img src="https://photo-assets.superyachttimes.com/photo/260748/image/large-48bccaee4ddebfdf8afe3e09091d720a.png" data-gid="gid://syiq/Photo/260748"><img src="https://photo-assets.superyachttimes.com/photo/260749/image/large-b068764eeaa049f9ec706c6494c2065f.png" data-gid="gid://syiq/Photo/260749">The <a href="https://www.superyachttimes.com/yachts/ruth-yachting/for-sale" rel="noopener noreferrer" target="_blank" title="">Ruth Yachting yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> engines to a top speed of 13 knots under power, and a cruising speed of 9 knots.<img src="https://photo-assets.superyachttimes.com/photo/260744/image/large-fb0b65dfa1cb862c527dff7b7e0d0555.png" data-gid="gid://syiq/Photo/260744">She is currently located near Split, Croatia and is available for viewings throughout the summer.

40m sailing yacht Alessandro for sale

The 40m ketch sailing yacht Alessandro is for sale. 

40m ketch sailing yacht Alessandro for sale

The 31.39-metre <a data-gid="gid://syiq/Company/2631" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Broward Shipyard (Company)">Broward&nbsp;</a>motor yacht <a data-gid="gid://syiq/Yacht/2153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Three Kings31.39m (102'12&quot;)Broward Marine1999">Three Kings</a>, previously named Depression, has been sold with Gary Goddard of <a data-gid="gid://syiq/Company/5421" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Staten Island Yacht Sales (Company)">Staten Island Yacht Sales</a> representing the buyer and Bill Bowers of <a data-gid="gid://syiq/Company/2578" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="26 North Yachts (Company)">26 North Yachts</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/179466/image/large-8fe8714f44db9274f2afb057add7c29a.jpg" data-gid="gid://syiq/Photo/179466"><img src="https://photo-assets.superyachttimes.com/photo/208027/image/large-8404c35ce80fef74eae44767b3b9ef00.jpeg" data-gid="gid://syiq/Photo/208027"><img src="https://photo-assets.superyachttimes.com/photo/194537/image/large-3b8e0cf6d988ebde96253762af352e78.jpeg" data-gid="gid://syiq/Photo/194537">The motor yacht was delivered in 1999 and is the seventieth-largest built by <a data-gid="gid://syiq/Company/2631" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Broward Shipyard (Company)">Broward</a>. She &nbsp;features exterior design by <a data-gid="gid://syiq/Company/488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Broward Marine (Company)">Broward Marine</a>, with naval architecture by <a data-gid="gid://syiq/Company/488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Broward Marine (Company)">Broward Marine</a>. Up to eight guests are accommodated onboard the superyacht <a data-gid="gid://syiq/Yacht/2153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Three Kings31.39m (102'12&quot;)Broward Marine1999">Three Kings</a>, and she also has accommodation for four crew members, including the captain.<img src="https://photo-assets.superyachttimes.com/photo/194530/image/large-a76d649f09cbb7eb618480f9b2be4399.jpeg" data-gid="gid://syiq/Photo/194530"><img src="https://photo-assets.superyachttimes.com/photo/194529/image/large-47298ae68296d2e4829d457072a6c847.jpeg" data-gid="gid://syiq/Photo/194529">The motor yacht has an aluminium hull and aluminium superstructure. She is powered by twin <a data-gid="gid://syiq/Company/1497" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Detroit Diesel (Company)">Detroit Diesel</a> engines, which give her a cruising speed of 15 knots and a top speed of 20 knots. The yacht carries 32,627 litres of fuel onboard, and 4,164 litres of water.<img src="https://photo-assets.superyachttimes.com/photo/194527/image/large-01ac63caba1e926af68ceb47c8bc4ff8.jpeg" data-gid="gid://syiq/Photo/194527">Her last known asking price was $1,599,000.&nbsp;

31m Broward motor yacht Three Kings sold

31.39-metre Broward motor yacht Three Kings has sold with Staten Island Yacht Sales representing the buyer and 26 North Yachts representing the seller

<a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> has announced the appointment of George Whitehouse as Business Development Director at their global headquarters in Fort Lauderdale, Florida.<img src="https://photo-assets.superyachttimes.com/photo/273029/image/large-2f7927992266e1459efc765477101bac.png" data-gid="gid://syiq/Photo/273029">George Whitehouse joins the company with a wealth of information and over 35 years of experience in the superyacht industry. Throughout his career he has worked as a captain for superyachts between 50 and 73-metres, as well as a Business Development Director at some of the most renowned shipyards.George has demonstrated his commitment to the industry through his roles at the <a data-gid="gid://syiq/Company/243" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rybovich Shipyards (Company)">Rybovich Marina &amp; Shipyard</a>, <a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah Yacht Center</a> and his involvement with the redesign of <a data-gid="gid://syiq/Company/2067" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lauderdale Marine Center (Company)">Lauderdale Marine Center</a>."I am thrilled to join <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a>," said Whitehouse. "With my experience and the exceptional team at <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">N&amp;J</a>, we will unlock the full potential of our organisation and elevate the positioning of big boats in the market."<img src="https://photo-assets.superyachttimes.com/photo/219126/image/large-206b550a22422538d353d3e1d1b64044.jpeg" data-gid="gid://syiq/Photo/219126">As the new Business Development Director at <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a>, George will collaborate with all of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a>’s Commercial Divisions. His role will involve driving business and focus on delivering outstanding results for clients, while leveraging his expertise in handling large vessels and optimising operational processes."Having George join the <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> team is an exciting moment for us. His wealth of experience and expertise in the superyacht industry will undoubtedly elevate our capabilities and strengthen our position as a leader in the market," concluded Daniel Ziriakus, President and COO of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a>.

Northrop & Johnson appoints new Business Development Director

Northrop & Johnson has announced the appointment of George Whitehouse as Business Development Director.

George Whitehouse joins Northrop & Johnson as Business Development Director

<img src="https://photo-assets.superyachttimes.com/photo/272814/image/large-7b3f52ce727ebe868996d1fe5d49078d.png" data-gid="gid://syiq/Photo/272814">Spotted last week docked in the Port of Málaga, Spain, is the 45.2-metre <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Hakvoort</a> superyacht <a data-gid="gid://syiq/Yacht/7921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Milele45.2m (148'4&quot;)Royal Hakvoort Shipyard2023">Milele</a>. Previously known during her build as Project Adur, <a data-gid="gid://syiq/Yacht/7921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Milele45.2m (148'4&quot;)Royal Hakvoort Shipyard2023">Milele</a> was launched in May 2022 by the Monnickendam-based shipyard in the Netherlands. With a volume of 499 GT, she features interior and exterior design by <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a>, while her naval architecture comes from the boards of <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a>. Onboard, her main feature is her floor-to-ceiling wrap-around windows on both aft decks, offering panoramic views from the main deck saloon and plenty of natural light. Entirely constructed out of aluminium, the fast-displacement yacht can reach speeds of up to 26.5 knots and cruise comfortably at 12 knots.

Hakvoort superyacht Milele in Málaga

The 45m superyacht Milele, built by Hakvoort, is seen here docked in the Port of Málaga, Spain.

The <a data-gid="gid://syiq/Event/176" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Giorgio Armani Superyacht Regatta - 2023">Giorgio Armani Superyacht Regatta 2023</a> officially kicks off in Porto Cervo today, 6th June 2023, with the Captains' briefing followed by a welcome cocktail for participants on the rooftop terrace of the <a data-gid="gid://syiq/Company/2826" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club Costa Smeralda (Company)">Yacht Club Costa Smeralda</a>. <img src="https://photo-assets.superyachttimes.com/photo/229376/image/large-aba5ff01196e691acc17d974971205b1.jpg" data-gid="gid://syiq/Photo/229376">The regatta will be accompanied once again by the <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> Rendezvous, and run by the <a data-gid="gid://syiq/Company/2826" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club Costa Smeralda (Company)">Yacht Club Costa Smeralda</a>, alongside the title sponsor Giorgio Armani. The 17th edition of the event will conclude on the 10th June. Twelve superyachts are currently moored in Porto Cervo marina, a fleet which from tomorrow will be sailing the waters of the Costa Smeralda and weaving through the islands of the La Maddalena archipelago, providing a unique backdrop to the racing.Read:&nbsp;<a data-gid="gid://syiq/Article/57769" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachts attending the Giorgio Armani Superyacht Regatta 2023 (2023-06-05 17:30:00 +0200)">Yachts attending the Giorgio Armani Superyacht Regatta 2023</a><img src="https://photo-assets.superyachttimes.com/photo/227719/image/large-79ba94574a5e14f23f8e077957aac6b7.jpg" data-gid="gid://syiq/Photo/227719">The fleet has been split into two divisions, Superyacht and <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a>. The Rendezvous is a key part of the <a data-gid="gid://syiq/Event/176" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Giorgio Armani Superyacht Regatta - 2023">Giorgio Armani Superyacht Regatta 2023</a> and sees owners and family competing in corinthian races, concluding with a sociable meet-up and dockside events. <img src="https://photo-assets.superyachttimes.com/photo/229379/image/large-cea83b86c27ba776c36b132d65464510.jpg" data-gid="gid://syiq/Photo/229379">Among the <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> yachts, the SW105 <a data-gid="gid://syiq/Yacht/10474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SØRVIND34.59m (113'6&quot;)Southern Wind2022">Sørvind</a>, whose name means "south wind", will be attending the event for the first time. Returning to the Rendezvous are yachts such as the SW102 <a data-gid="gid://syiq/Yacht/5985" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Egiwave31.78m (104'3&quot;)Southern Wind2015">Egiwave</a>, the SW100 <a data-gid="gid://syiq/Yacht/4276" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Freebird30.25m (99'3&quot;)Southern Wind2011">Freebird</a>, and the most competitive vessel in the fleet, the SW94 <a data-gid="gid://syiq/Yacht/6568" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aragon28.64m (93'12&quot;)Southern Wind2012">Aragon</a>.The Superyacht division is in turn divided into 'Combined Performance &amp; Cruising Class' and ‘Superyacht Cruising Class’, reserved for superyachts in accordance with the regulations of the Superyacht Racing Association. The winner of this class will be awarded the prestigious Silver Jubilee Cup. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/229263/image/large-dea1766703f97de872f8b3033d9ee0ff.jpg" data-gid="gid://syiq/Photo/229263">Racing will take place over four days, through Saturday 10th June, with the size of the participating vessels meaning there will be a particular focus on safety. The Superyacht Division will have staggered starts every two to three minutes for this purpose. The courses, as always, will use the islands of the archipelago of La Maddalena as natural marks. As for the classic floating buoys used for the start, offset and finish line marks, organiser the <a data-gid="gid://syiq/Company/2826" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club Costa Smeralda (Company)">YCCS</a> will use MarkSetBot robotic buoys, which hold their position thanks to an electric motor teamed with a GPS system, with no need for anchors on the seabed.<img src="https://photo-assets.superyachttimes.com/photo/229378/image/large-dd64f1f46967cdc7810d78641fcbaea6.jpg" data-gid="gid://syiq/Photo/229378">The top-level fleet includes returning participants such as <a data-gid="gid://syiq/Yacht/5680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pattoo33.0m (108'3&quot;)Vitters Shipyard2016">Pattoo</a>, a 33-metre <a data-gid="gid://syiq/Company/4373" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malcolm McKeon Yacht Design (Company)">Malcolm McKeon</a> design which claimed victory in Porto Cervo in 2021 under the name Missy, as well as the modern <a data-gid="gid://syiq/Company/327" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baltic Yachts (Company)">Baltic</a> 108 <a data-gid="gid://syiq/Yacht/4749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="WinWin33.04m (108'5&quot;)Baltic Yachts2014">Win Win</a>, a 2022 participant, and <a data-gid="gid://syiq/Yacht/4020" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inoui33.4m (109'7&quot;)Vitters Shipyard2013">Inoui</a>, designed by <a data-gid="gid://syiq/Company/53" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Philippe Briand Ltd. (Company)">Philippe Briand</a> for Switzerland's Marco Vogele, an owner who never misses the Superyacht Regatta. The Wallycento <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a> will undoubtedly attract attention thanks to its aesthetic lines and technology - designed by Mark Mills with interiors by <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina</a> and built by <a data-gid="gid://syiq/Company/4656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Persico Marine (Company)">Persico Marine</a>.&nbsp;“The <a data-gid="gid://syiq/Event/176" href="https://sya.superyachttimes.com/news#managed-by-system" target="_blank">Giorgio Armani Superyacht Regatta</a> opens our international sporting season, and I want to extend the warmest of welcomes to the owners and crews, many of whom return to Porto Cervo every year. Thanks to them and to <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> for showing their appreciation for our event. And special thanks must obviously go to Giorgio Armani, for choosing the <a data-gid="gid://syiq/Company/2826" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club Costa Smeralda (Company)">YCCS</a> and uniting his name with the Superyacht Regatta. Fair winds to everyone!” commented <a data-gid="gid://syiq/Company/2826" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club Costa Smeralda (Company)">YCCS</a> Commodore Michael Illbruck. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/229454/image/large-97ab5de5db02f4d908ca88fc825cf786.jpg" data-gid="gid://syiq/Photo/229454">The programme back on land will see the Giorgio Armani Owners' Dinner held on the evening of 7th June, without doubt the most glamorous and exclusive moment of the week, while the Farewell Party taking place on Friday 9th is also not to be missed, and is open to all the crews. &nbsp;The forecast for tomorrow indicates light winds, which are set to strengthen in the following days. The first starting signal is expected to sound at 11.30 a.m. for the <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> fleet, followed by the Superyacht division at 12 midday.<img src="https://photo-assets.superyachttimes.com/photo/229452/image/large-7f6d1fcb4614897f4cca0cf579725d46.jpg" data-gid="gid://syiq/Photo/229452">SuperYacht Times' Editor in Chief, Francesca Webster, is attending this week's event and will be on site to update on the latest news throughout the regatta.&nbsp;

Giorgio Armani Superyacht Regatta 2023

The Giorgio Armani Superyacht Regatta 2023 has begun, with the 17th edition featuring the Southern Wind Rendezvous.

The Giorgio Armani Superyacht Regatta returns with SW Rendezvous

Italy-based yacht builder <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> has announced the launch of the first hull in the Mangusta Oceano 39 series. The 39.2-metre motor yacht was launched in Italy, with her owner, the Magusta team and all the workers involved with her construction in attendance. <img src="https://photo-assets.superyachttimes.com/photo/273018/image/large-1965135db3f79bb6c72a988df2926bb4.jpg" data-gid="gid://syiq/Photo/273018">The Mangusta Oceano 39 yacht has been developed and engineered by the shipyard’s engineering department, in collaboration with <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini</a> and <a data-gid="gid://syiq/Company/1365" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Verme Projects (Company)">Studio Verme</a>. &nbsp;The tri-deck yacht combines design and technology to create a strong identity in line with the Mangusta DNA.“We are so proud to see the first unit of this innovative new model in the water. The Mangusta Oceano 39 is a new three-decker characterised by huge glazed surfaces, where supporting structures and bulwarks have, conversely, been minimised, so as to offer the closest possible contact with the sea", explained Maurizio Balducci, CEO of the <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine Group</a>. <img src="https://photo-assets.superyachttimes.com/photo/188409/image/large-dc6a18da7acaddc5482881a066708d14.jpg" data-gid="gid://syiq/Photo/188409">The Mangusta Oceano 39 yacht is described by the shipyard as “a modern villa on the sea,” and is characterised by her extensive and wide glass surfaces. She features a high volume normally found on larger yachts, with her interior design penned by <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a>'s technical department, alongside her owner.The first hull in the Mangusta Oceano 39 yacht series boasts floor-to-ceiling windows of her main and upper decks, which can be opened to seamlessly blend her interior and exterior spaces.&nbsp;Her aft area includes foldable terraces to provide direct access with the water, as well as providing guests with total relaxation in utmost privacy. Like other Mangusta models, the Mangusta Oceano 39 features a glass-bottomed infinity pool on her upper deck, which creates mesmerising water reflections into her master stateroom.<img src="https://photo-assets.superyachttimes.com/photo/188410/image/large-eca8d66fba6f15e3739348ffbc840a87.jpg" data-gid="gid://syiq/Photo/188410">In terms of accommodation, the Mangusta Oceano 39 yacht has a five stateroom layout, with her master suite situated on the main deck with a fully-automated balcony. Remaining guest accommodations include four staterooms on the lower deck with ensuite bathrooms.Performance-wise, the Mangusta Oceano 39 yacht is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 12V 1,700 horsepower engines, which deliver her with a top speed of 16 knots, a cruising speed of 12 knots and a range of 2,600 nautical miles.<img src="https://photo-assets.superyachttimes.com/photo/273017/image/large-3a9dfdba7620dc0cb60ddb5810ade0f8.jpg" data-gid="gid://syiq/Photo/273017">The Mangusta Oceano 39 series yacht is also with fully-customisable interiors and 2,600 horsepower engines, which provide her with a top speed of 20 knots and a cruising speed of 18 knots.The next unit available for sale in the Mangusta Oceano 39 series will be hull three, with an expected delivery date of November 2024.<img src="https://photo-assets.superyachttimes.com/photo/188421/image/large-38489f99eb5cd94c9aced23fdb3c6fdb.png" data-gid="gid://syiq/Photo/188421">

39m Mangusta Oceano 39 yacht launched

The first hull in the Mangusta Oceano 39 yacht series was launched in Italy. 

First 39m Mangusta Oceano 39 motor yacht launched

<img src="https://photo-assets.superyachttimes.com/photo/207899/image/large-f6c61df52163211dd2da766676915a26.jpg" data-gid="gid://syiq/Photo/207899">The 46.8-metre <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> motor yacht <a data-gid="gid://syiq/Yacht/5546" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Giaola-Lu46.8m (153'7&quot;)Bilgin Yachts2016">Giaola-Lu</a> has been sold with Arne Ploch from <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a> representing the buyer and Hans van Doornmalen and Antonio Yturbe of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston&nbsp;</a>representing the seller.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/24087/image/large-1f34bafc4eeea201b217ae946efe243f.JPG" data-gid="gid://syiq/Photo/24087"><img src="https://photo-assets.superyachttimes.com/photo/24085/image/large-5b488b09cfd708cae121a3f8d81e8fbc.JPG" data-gid="gid://syiq/Photo/24085">The motor yacht was delivered in 2016 and is the 15th largest yacht built by <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a>. She features exterior design by <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2 Yacht Design</a>, while her interior was penned by <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2 Yacht Design</a>, with naval architecture by <a data-gid="gid://syiq/Company/4305" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unique Yacht Design (Company)">Unique Yacht Design</a>. Up to 16 guests can be accommodated onboard the superyacht <a data-gid="gid://syiq/Yacht/5546" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Giaola-Lu46.8m (153'7&quot;)Bilgin Yachts2016">Giaola-Lu</a>, and she also has accommodation for 10 crew members, including the captain.<img src="https://photo-assets.superyachttimes.com/photo/207892/image/large-bd6df747c79263573f78fd25bdef63c0.jpg" data-gid="gid://syiq/Photo/207892"><img src="https://photo-assets.superyachttimes.com/photo/24083/image/large-c2b655d6ae1296d35fa8459f0818e9fe.JPG" data-gid="gid://syiq/Photo/24083">The motor yacht has a steel hull and aluminium superstructure. She is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar Inc</a> engines, which give her a cruising speed of 12 knots and a top speed of 17 knots. The yacht carries 64,600 litres of fuel onboard, and 12,300 litres of water.<img src="https://photo-assets.superyachttimes.com/photo/23990/image/large-4cf3d3d63917fe0d77d6da72a3c44c19.JPG" data-gid="gid://syiq/Photo/23990"><img src="https://photo-assets.superyachttimes.com/photo/23989/image/large-4e60735bcf6a783f3c9473a8c5c2f07a.JPG" data-gid="gid://syiq/Photo/23989">Her last known asking price was €17,200,000.

47m Bilgin motor yacht sold

The 46.8-metre Bilgin motor yacht Giaola-Lu has been sold with Camper & Nicholsons representing the buyer and Edmiston representing the seller