Why yacht owners are taking things into their own hands and setting up shop in the superyacht industryWhile most superyacht owners prefer to remain on the consumer side of the business, there are some who have decided to venture further into the industry in the hopes of improving yachting for all. But what spurred these owners to make the leap from passive yachtie to industry leader? What areas of the business do they aim to improve and, most importantly, how? Here we pick the brains behind the founders of charter platform Ahoy Club, shipyards Lynx Yacht and Esenyacht and fractional ownership platform SeaNet Europe to learn the answers.Commissioning a new-build is thoroughly enjoyable, but sometimes laborious task, even with the right support team at hand. After struggling and failing to find a single yard that satisfied all of their own design and building requirements, experienced yachtsmen Slim Bouricha and Kadir Esen, founders of yards Lynx Yachts and Esenyacht respectively, decided to take matters in their own hands and establish their own shipbuilding facilities.<img src="https://photo-assets.superyachttimes.com/photo/48346/image/large-cc22ab118281bbf48c601521a346ff45.jpg" data-gid="gid://syiq/Photo/48346">After working for a company that designed and built facilities for oil and gas producers prior to branching out and setting up his first business Beender, Tunisia-born Slim Bouricha decided the time was right to build the yacht of his dreams in 2011. Dissatisfied with what the market offered him, he says: “One of the reasons I decided to set up Lynx Yachts was because I believed that many yacht owners went through the same process. I thought I could create a yacht building company that offered a building process that would match the needs of many yachtsmen. The idea was to put the owner at the very centre of the project.” The first yacht to sail off of Lynx Yachts drawing board was the 33.9-metre <a data-gid="gid://syiq/Yacht/4975" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Robbie Bobby 33.39m (109'7&quot;)">Robbie Boddy</a>, (ex; <a data-gid="gid://syiq/Yacht/4975" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Robbie Bobby 33.39m (109'7&quot;)">Jericho</a>, <a data-gid="gid://syiq/Yacht/4975" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Robbie Bobby 33.39m (109'7&quot;)">Helidad II</a>), together with the first YXT, a range of super-cool yacht support vessels.Similarly Kadir Esen, a successful entrepreneur whose portfolio consists of charter, hospitality and leisure companies, set up Esenyacht in 2009 in Bodrum, Turkey in order to build his first yacht, the 36-metre sailing yacht <a data-gid="gid://syiq/Yacht/4511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Glorious36.0m (118'1&quot;)">Glorious</a>. “Yachting has been in my blood for as long as I can remember,” explains Esen. “I was initially attracted by regatta racing and then later by the idea of cruising with my family. This passion led me to choose to build my first yacht <a data-gid="gid://syiq/Yacht/4511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Glorious36.0m (118'1&quot;)">Glorious</a>.” Although Esen has closely followed the yachting industry for a number of years, he, too, was unable to find a yard that was able to meet all of his needs as an owner. Esen felt that many of the yachts built speculatively offer a somewhat “watered-down” design or are too tailored to an individual’s taste. “I dreamed we could build a thoroughbred superyacht that would offer dynamic lines, performance, a voluminous and luxurious layout – capable of creating wide appeal and reflecting international and local owners.” This dream accumulated in the 47-metre sailing yacht Troy, currently in build at the yard’s facility in Turkey and set to launch later this year.<img src="https://photo-assets.superyachttimes.com/photo/48381/image/large-447e564c954f89b558ba541f39d726ba.jpg" data-gid="gid://syiq/Photo/48381">Both Lynx Yachts and Esenyacht have grown over the years, no doubt thanks to the dedication and passion their founders put into their respective yards. Lynx Yachts recently sold its 5th yacht, the 4th YXT support vessel since its establishment, while Esenyacht is currently working on a number of new superyachts concepts with designer Tim Saunders, following a number of international enquiries in addition to developing a new range of semi-production vessels in the 9 to 24-metre range.As yacht owners as well as successful entrepreneurs, we wonder what is their opinion on other yacht owners establishing their own yacht building facilities? “I think many yacht owners get into the yacht building business for the wrong reasons, thinking they might save money,”&nbsp;notes Bouricha. “This is why it often turns into a business statement. But, there are also success stories. It’s not always a total failure, but wanting to own a yacht is not enough of a reason to start a yacht building company.”&nbsp;Esen agrees, adding that creating a superyacht is comparable to building a small city. “Building a yacht is not for the weak hearted,” he confirms. At the same time, Esen feels like he is in an advantageous position when it comes to overseeing his own shipyard. “I am able to guide and direct the flow of the project to make good use of the latest technology which is balanced by high-quality craftsmanship – without being bound to any inherent ‘bad habits in the cobwebs’ possessed by some of the longer standing shipyards.”<img src="https://photo-assets.superyachttimes.com/photo/48421/image/large-0b32522913c3015f0c7e3ea51da45eee.jpg" data-gid="gid://syiq/Photo/48421">It’s not all smooth sailing and a long list of ‘pros’, however, as both Bouricha and Esen have also had to overcome significant hurdles to ensure success. For Bouricha, one main challenge was the handling of the marketing of Lynx Yachts. As many in the yachting business and beyond know only too well, ensuring that the market is aware of all you have to offer is no small undertaking. “At times people just see us as a yacht builder. They don’t know we build yacht support vessels as well as custom yachts,” says Bouricha.&nbsp;For Esen, one challenge the yard had to overcome was the rescheduling of Troy’s delivery in order to improve her overall build in 2016. However, with Troy in her final resting place prior to her completion and launch, Esen is positive she will be delivered soon. “We now focus our thoughts on finalising the fine details, launch day and beyond!”&nbsp;Overcoming challenges are part of the running of any business but it also sparks new ideas, such as Ahoy Club. Entrepreneur Ian Malouf set up Ahoy Club, a digital superyacht charter platform May this year, seeking to make chartering more accessible and transparent. Also known in Australia as the “king of waste,” Malouf has owned numerous boats and chartered over the years after setting up the leading waste management service provider and recycler in New South Wales, Dial-A-Dump Industries, as a student back in 1984. “The idea for Ahoy came to me very early on. I’ve chartered my whole life and it was just a difficult, long process,” says Malouf. “You have to find a broker, contact them and it would take weeks to book a charter… you sort of lose the excitement of wanting to book it after a while.”<img src="https://photo-assets.superyachttimes.com/photo/48349/image/large-912ea88a147a960fcba45ee72b53fbfd.jpg" data-gid="gid://syiq/Photo/48349">Following the purchase of the 52.4-metre <a data-gid="gid://syiq/Yacht/984" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mischief52.45m (172'1&quot;)">Mischief</a> in 2015, Malouf and his family came up with a few ideas that set them off on the path to developing the software needed to bring Ahoy Club to the market. “I decided we could probably improve on the situation.” Accessible via an app and on any digital device, Ahoy Club charges users a commission of 4%, together with a software fee of 3% instead of the usual 20% charged by most brokerage companies to charter, making it more affordable for all. “We are definitely cheaper. We are not making as much money but that's okay - there was too much fat in it. We trimmed the fat.”&nbsp;Another man who has new ideas - especially when it comes to yacht ownership is Matty Zadnikar, owner of the 28.5-metre Benetti <a data-gid="gid://syiq/Yacht/5570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mister Z28.5m (93'6&quot;)">Mister Z</a> and founder of SeaNet Europe. &nbsp;Offering fractional ownership via a defined model that outlines how many weeks each owner has onboard their yacht in relation to their percentage ownership, &nbsp;SeaNet Europe is the sister company to SeaNet USA. The company offers owners a 75% reduction in the initial yacht purchase price and running costs, in addition to usage during the peak European yachting season and full cost transparency. “SeaNet USA and SeaNet Europe offer something completely different and ultimately that’s why our model works and is going from strength to strength,” explains Zadnikar. &nbsp;After selling his company Z-Safety Services in 2013, he began spending more time on his yacht during which he met with other owners who felt frustrated by the lack of time they were able to spend onboard their yachts and the constant costs. “I was aware that many companies have dipped their toe in the world of yacht co-ownership in the past and failed. This has been for a multitude of reasons, like the age of the yachts, the number of co-owners, impossible allowances for time spent on-board and a somewhat murky structure.” However, after meeting with the owner of SeaNet USA, he felt he had found the right model and launched SeaNet Europe. <img src="https://photo-assets.superyachttimes.com/photo/48347/image/large-ecc71b8b0ceb730b01660deedb6ed94f.jpg" data-gid="gid://syiq/Photo/48347">Yachting is a small industry, so one may wonder what charter and brokerage companies think of these new digital platforms who may be encroaching on their territory. Is there a similar reaction, for example, as Uber received from traditional taxi firms? “We’ve had mixed responses. I think the big brokerage houses don’t like us, they definitely don’t want the change we are bringing,” says Malouf. “Foolishly, I think they hoped it wouldn’t come. But I think ‘Uber-ising’ this industry would be something that is an eye-opener for everybody.” As Ahoy Club functions on a worldwide scale, the openness of the platform is key. “We are all about improving and bringing in more charters to the industry.”&nbsp;Despite mixed thoughts on the global sharing economy, Zadnikar is a firm believer that shared ownership will become an increasingly popular model in the future, especially for those who have chartered before but are not ready to own a yacht on their own. “Certainly I think the SeaNet Europe concept will continue to appeal to more and more superyacht owners. For example, when people first talked about UHNW sharing a jet people thought that it was never going to work, but now there are many companies that have made co-ownership of jets an extremely popular model." However, although he sees room in the market for similar ownership models, he is aware that there is a certain ceiling when it comes to the size of the yacht. “As a yacht owner, I fully recognise that those seeking yachts above 40-metres have no interest in co-owning a yacht. We are not targeting this sector, which is why we start at 28.5 metres and will expand to 41 metres.”<img src="https://photo-assets.superyachttimes.com/photo/48348/image/large-9e2fd31dad4e4da5b7b8de48650e72a9.JPG" data-gid="gid://syiq/Photo/48348">Malouf fully agrees with Zadnikar that the yachting industry is embracing newer models driven by the sharing economy. “I mean, look at Airbnb, it’s great! It offers people the chance to earn off their asset where they normally wouldn’t have.” In addition to their chartering platform and 24/7 concierge services, Ahoy Club also offers YOTSWAP, where owners of private yachts or commercial ships can swap their vessels around the world. “People are very interested in that as it lets them avoid the empty-voyage sort of situation. It’s all about utilizing the asset when you’re not using it yourself.”&nbsp;Outside of new models of ownership, what other areas do these owners in the business foresee becoming more and more important to the future of the industry? “Emerging markets and younger markets,” states Malouf. “These emerging markets are up and coming, but many individuals do not feel comfortable boating and how to go about chartering because it is just too unknown. We have to open that up.” In order to help open up these markets, Ahoy Club is set to launch in multiple languages in the next few months, making it easier for people to find out what is available in their region in their local language. Zadnikar has also set his sights on Asia, as SeaNet is set to attend the Singapore Yacht Show next year, signalling the start of SeaNet’s launch in Asia. “There are certainly exciting times ahead,” he concludes.This article is featured in the latest edition of the SuperYacht Times newspaper. <a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription" rel="noopener noreferrer" target="_blank" title="">Subscribe now</a> to receive your copy straight to your door and never miss another issue.

Slim Bouricha and the management team outside of Lynx Yacht

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Matty Zadnikar of SeaNet

Ian and Ellie Malouf

Ian Malouf onboard Mischief

Troy rendering, mast view

Slim Bouricha

Insight: Owners in the Business

For owner Paul Andrews, the search for the right yacht was a journey that spanned more than a decade. However, when he first came across the 25.6-metre <a data-gid="gid://syiq/Company/121" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palmer Johnson Yachts (Company)">Palmer Johnson</a> sailing yacht <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> online, something about her caught his attention. <img src="https://photo-assets.superyachttimes.com/photo/394762/image/large-d54e9461baa90d5794ad964df495e456.jpg" data-gid="gid://syiq/Photo/394762">“I first saw her in a video while I was searching for yachts,” he explained. “She was located in Thailand at the time, which was quite literally on the other side of the world from me, but her presence immediately stood out.”<img src="https://photo-assets.superyachttimes.com/photo/394534/image/large-bfddc47ecaf6a83efc8300953b5b19d9.jpg" data-gid="gid://syiq/Photo/394534">Originally launched in 1967, <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> was the largest aluminium hulled sailing yacht in the world when she first hit the water. Built as a classic world cruising yacht, <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> had circumnavigated the world three times, with voyages to the Antarctic and Arctic regions when she entered the market in 2022. <img src="https://photo-assets.superyachttimes.com/photo/394541/image/large-c96b4ebc0ab5a9453459421e627799d7.jpg" data-gid="gid://syiq/Photo/394541">“The beam, the proportions and the sheer character of the yacht caught my attention straight away,” recalled Andrews. “I wasn’t specifically searching for a <a data-gid="gid://syiq/Company/121" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palmer Johnson Yachts (Company)">Palmer Johnson</a>, but when she was built, she was engineered to a commercial, almost military-grade standard and built to navy specs, which gave her a genuine pedigree, strength and a fascinating story behind her.” <img src="https://photo-assets.superyachttimes.com/photo/394543/image/large-0b87ef55ef9559c3dc95e76eca2db6c7.jpg" data-gid="gid://syiq/Photo/394543">However, when Andrews finally travelled to Thailand to inspect the yacht in person, the initial impression was far from ideal. “It was raining heavily and she looked tired and neglected.” But returning the following day to see the yacht in clear conditions revealed a completely different vessel. “Her lines were beautiful and the potential became obvious. She simply needed vision and attention.”<img src="https://photo-assets.superyachttimes.com/photo/394544/image/large-f191bd60c4deb3732c009830efb76fc3.jpg" data-gid="gid://syiq/Photo/394544">In 2015 under the ownership of her previous owners, <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> had started a refit programme spanning more than $1 million, which lasted five years and saw her receive a full teak interior refit. “It was clear that previous owners had already invested heavily in the yacht,” added Andrews. “The teak interior joinery was exceptional and the hull structure was sound. However, the layout did not fully make use of the yacht’s size.”<img src="https://photo-assets.superyachttimes.com/photo/394540/image/large-3bd64f4dfb231598384875f28fc57a05.jpg" data-gid="gid://syiq/Photo/394540">With the help of Martin Holmes and his team at <a data-gid="gid://syiq/Company/2262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lee Marine International Brokerage (Company)">Lee Marine</a>, Andrews took a boat from Langkawi, Malaysia where he purchased <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> and started the process of refitting her in Phuket. “My vision was always to maximise the yacht without taking away the character that makes Firebird special,” he explained. <img src="https://photo-assets.superyachttimes.com/photo/394689/image/large-066bcffa01ddea4816fadbefefba6fb6.jpg" data-gid="gid://syiq/Photo/394689">“Rather than remove that character, the refit focused on respecting the craftsmanship already onboard, while improving the functionality and layout for modern cruising. So the very first thing I wanted to do was lay a completely new teak deck.”<img src="https://photo-assets.superyachttimes.com/photo/394684/image/large-59c92dfa1c2c4dfaf499558c82520e13.jpg" data-gid="gid://syiq/Photo/394684">The refit saw beautifully laid teak installed throughout, which instantly transformed her appearance and the feeling underfoot. From here, Andrews had a large swim platform and gangway at the stern installed for easy access, as well as an alfresco dining area for 12, with a large three-metre teak L-shaped sofa added and a circular seating area for eight at her stern.<img src="https://photo-assets.superyachttimes.com/photo/394683/image/large-ccd9dbe381bbc98da19e89f67500eafb.jpg" data-gid="gid://syiq/Photo/394683">Additional work saw her saloon and guest staterooms reworked to create a larger and more comfortable interior, while technical works included the installation of a new <a data-gid="gid://syiq/Company/4062" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raymarine UK Ltd (Company)">Raymarine</a> navigation suite, electric furling systems and the recommissioning of her <a data-gid="gid://syiq/Company/1497" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Detroit Diesel (Company)">Detroit Diesel</a> engine and generators.<img src="https://photo-assets.superyachttimes.com/photo/394537/image/large-a9744df0db0cb9126710320c8ad8f685.jpg" data-gid="gid://syiq/Photo/394537">&nbsp;“I was involved in every stage of the project!” beamed Andrews. “Working alongside skilled craftsmen in Thailand allowed the ideas I had for the yacht to be executed properly.”<img src="https://photo-assets.superyachttimes.com/photo/394682/image/large-6c7c43f1ab3dc6151b36ef4b9e0c6d90.jpg" data-gid="gid://syiq/Photo/394682">“The region has an impressive concentration of marine specialists including riggers, carpenters, sailmakers and marine engineers. The quality of teak craftsmanship in Thailand is also exceptional and the cost of skilled labour is significantly lower than in many other parts of the world. By chance I also discovered a local boat carpenter whose family had been building boats in the region for generations. His team worked tirelessly and played a crucial role in transforming the yacht.”<img src="https://photo-assets.superyachttimes.com/photo/394536/image/large-a684c5dbb17405c08f59b474c49fe63e.jpg" data-gid="gid://syiq/Photo/394536">A large portion of the refit work was carried out at Premier Superyacht Shipyard near <a data-gid="gid://syiq/Company/3209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Haven Marina (Company)">Yacht Haven Marina</a> in Phuket. The yard operates an 890-tonne travel lift and regularly handles vessels significantly larger than <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a>, so during her haul-out, hull works, repainting, mechanical servicing and installation of the bow thruster were completed at the yard. <img src="https://photo-assets.superyachttimes.com/photo/394535/image/large-fe228dc87c3eb4c006007450d0644190.jpg" data-gid="gid://syiq/Photo/394535">The refit started almost immediately after Andrews had stepped onboard and he remained involved throughout the process. “After studying the layout of an <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> 85, I realised it might be possible to alter the companionway arrangement and open access to unused space within the yacht. By cutting through the bulkhead at the end of the galley we created a new passageway that allowed an entirely new guest stateroom to be built.”<img src="https://photo-assets.superyachttimes.com/photo/394687/image/large-2e193db0a4b19958ca9e5ecb0fbbb3b1.jpg" data-gid="gid://syiq/Photo/394687">The result allowed for unused areas to be converted into additional guest accommodation, while maintaining the logical flow through her companionway and saloon areas. Thanks to this, <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> is now able to comfortably accommodate up to 13 guests, while still feeling spacious. <img src="https://photo-assets.superyachttimes.com/photo/394691/image/large-d359643ead180961dcf469e992df6a3a.jpg" data-gid="gid://syiq/Photo/394691">“The onboard experience is exceptional now! <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> is incredibly comfortable and she has become a wonderful place to spend time. I have several comfortable homes on land, but I genuinely did not expect living aboard a yacht to feel this enjoyable.”<img src="https://photo-assets.superyachttimes.com/photo/394775/image/large-19d12ff20ebf8798893858104887e523.jpg" data-gid="gid://syiq/Photo/394775">From a technical standpoint the most important upgrade was the installation of a Max Power bow thruster. At 71 tonnes, <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> is not a small yacht and the thruster significantly improved manoeuvrability for docking. Paired with electric furling systems, her sails can now be easily controlled from the cockpit, &nbsp;which means the yacht can be sailed comfortably by a small crew. “Together with the bow thruster and upgraded navigation systems, the yacht is now far easier and safer to operate,” added Andrews.<img src="https://photo-assets.superyachttimes.com/photo/394782/image/large-7d015b051a954c975849eb73b943caa0.jpg" data-gid="gid://syiq/Photo/394782">Currently available for charter, Andrews noted that there had already been interest from charter clients in the Seychelles and the Maldives. “It would feel rather selfish to keep such a yacht entirely to myself! Our goal is to have her operating in the Greek islands by 2027.”<img src="https://photo-assets.superyachttimes.com/photo/394781/image/large-71d773016ba60ca5be3610663cfc2a04.jpg" data-gid="gid://syiq/Photo/394781">The refit took approximately 18 months to complete, with the project bringing the yacht a new lease of life. “I have restored historic buildings and classic cars before, but <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> has been the most rewarding project of them all! Working on her felt almost like giving a living vessel a new chapter in her life. I feel incredibly privileged to have been part of that transformation.”<img src="https://photo-assets.superyachttimes.com/photo/394773/image/large-89483fb30e91ef0842117ed871bea925.jpg" data-gid="gid://syiq/Photo/394773">“<a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> has had an extraordinary life with many different owners over the decades, with each leaving their own mark on the vessel,” concluded Andrews. “If I had to describe her in just a few words, I would say she is an iconic, unique superyacht and I hope she continues to bring joy to many future owners and guests.”<img src="https://photo-assets.superyachttimes.com/photo/394763/image/large-26cc3acdb14ea54697eb754a850e1393.jpg" data-gid="gid://syiq/Photo/394763">

Firebird: 26m Palmer Johnson yacht refit

Inside the 18-month Thai refit that transformed the 26m Palmer Johnson sailing yacht Firebird into a modern cruising yacht.

Firebird reborn: Behind the Thai refit of a classic 26m yacht

Leona Caanen sits down with Rick and Rebecca Szelc, the owners of the 122’&nbsp;<a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a>&nbsp;motor yacht&nbsp;<a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>, to learn more about their love for the sea, their adventures onboard the 37-metre, and why she’s for sale.<img src="https://photo-assets.superyachttimes.com/photo/382924/image/large-2b32f2fc69c7bc21ae4c70cda2218e36.jpg" data-gid="gid://syiq/Photo/382924">A love for the waterWhile growing up in vastly different places, Rick in the Great Lakes area and Rebecca along the Gulf of Mexico and the Atlantic, the two share a deep love for the water. “Growing up,” Rick shares, “I was always fresh water boating with boats under 30 feet.” Rebecca, instead, could be found (spear)fishing, snorkelling, or at the beach: “I fished off the beach, off of bridges, anywhere. I developed a love for it.”&nbsp;When not fishing, Rebecca spent much of her childhood snorkelling and scuba diving, obtaining her PADI certificate at just 12 years old. “I’m fascinated not just by the fish, but by the corals and reefs and the entire underwater environment. It brings you such peace and calm,” adding that &nbsp;“if I’m near or under the water, that’s when I’m happiest.”<img src="https://photo-assets.superyachttimes.com/photo/395447/image/large-b135c7290df34a505d963856c0579d1a.jpeg" data-gid="gid://syiq/Photo/395447">For Rick and Rebecca, owning a yacht has always been about sharing their love for the sea with their community. “The yacht allows us to share our passion and love with friends and family in a way that we just couldn’t before,” Rebecca shares, “having grown up with a love for the sea, being on a yacht has only amplified that passion.”Rick shares “what is really joyous in our life is that we have similar passions, we both really enjoy being onboard. The alarm goes off at 5:30 and Rebecca will go fishing, and I’m just up for a cup of coffee”; a serene glimpse into life onboard <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>, their 37-metre <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a>. <img src="https://photo-assets.superyachttimes.com/photo/382939/image/large-13d291311d75d42e63f6db9ff710acd3.jpg" data-gid="gid://syiq/Photo/382939">Purchasing <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>The <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a> isn’t the first yacht that the couple has owned; that would be a 35 Formula. While they didn’t own it for long, acquiring it was eventful enough that the boat hasn’t been forgotten.Living in Texas at the time, on a regular Saturday morning in January 2015, whilst out for breakfast “I threw Rebecca a curveball, as I always do,” Rick laughs. “I said, ‘what would you like to do for the rest of our lives?’ to which she replied, ‘I’d like to order breakfast and not think about the next decades of our lives together.’“ Rick continued his brainstorm, “what if we did something in Naples, Florida?” to which Rebecca laughingly replied, “okay, can I order breakfast now?”<img src="https://photo-assets.superyachttimes.com/photo/393421/image/large-5f33d7eece57325c28391897d8eef9c7.jpg" data-gid="gid://syiq/Photo/393421">Later that same day, Rick mentioned he had great news, he had purchased the 35 Formula in Naples, Florida. Flying down to Hamilton Harbor, they set out to spend the next few days onboard the new yacht. Unfortunately, that turned out to be the most uncomfortable night of sleep Rick ever had, leading to him putting the boat up for sale.Throughout the next few years, Rick and Rebecca exchanged one model for the next in the journey to find the perfect yacht for their adventures. The 35 Formula was exchanged for a 44 <a data-gid="gid://syiq/Company/5727" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tiara Yachts (Company)">Tiara</a>, which was eventually upgraded to a 64’ <a data-gid="gid://syiq/Company/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hatteras Yachts (Company)">Hatteras</a>. Because of the limited space onboard for crew, eventually Rick and Rebecca decided on an 80’ <a data-gid="gid://syiq/Company/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hatteras Yachts (Company)">Hatteras</a>, before exchanging that for the 100’ <a data-gid="gid://syiq/Company/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hatteras Yachts (Company)">Hatteras</a>. Onboard their various vessels, they have explored much of the southern coast of Florida, as well as the Bahamas. <img src="https://photo-assets.superyachttimes.com/photo/382944/image/large-9210f5f0dab1395f5343ac08e2c398b4.jpg" data-gid="gid://syiq/Photo/382944">In 2021, the timing seemed right to step out of yachting. “It’s not about how much the elephant costs, but rather how much you have to feed it,” an acquaintance told Rick. “Rick will now always advise his friends to buy their last yacht first” Rebecca shares. “Don’t buy 10 boats on your way to the last one!” Rick laughs, adding “but we’ve made a lot of brokers very happy over the last ten years; we probably paid for some home down payments and fancy meals as a result of all our boating adventures.”Whilst seriously considering leaving the yachting world and selling the boat, a 122’ <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a> in pristine condition came on the market. “It’s a special <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta</a>,” says Rick, “she’s just so beautifully crafted and she has a timeless design.” <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a> is widely known as the “<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> of the US,” says the couple, “we couldn’t pass up the opportunity to purchase her.” She was built in 1997 by the all-American yard and has been properly cared for by her various owners over the years. <img src="https://photo-assets.superyachttimes.com/photo/284541/image/large-83b17ef9687251543f7916d050dda159.jpeg" data-gid="gid://syiq/Photo/284541">High probability of adventureWhen coming into ownership of the <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a>, they renamed her <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>. “It’s always difficult to name a yacht; you want a name that’s not too long and is easy for when you’re pulling into port,” Rick notes. The reason Rebecca and Rick decided on <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>, is because, to them, everything in life has a probability: your friendships, relationships,” shares Rick. “Even in investing, which is my line of business,” he adds, “we make decisions based on 70 percent certainty. Living life means not having perfect information and taking risks.”<img src="https://photo-assets.superyachttimes.com/photo/382945/image/large-4691d16221dd7aa7aa2f7dac280538eb.jpg" data-gid="gid://syiq/Photo/382945">“His philosophy in life is that there are no certainties; it’s just a series of probabilities and it’s how you manage them that determine the outcome” Rebecca says. ”It’s human - we all make decisions and you hope you make good choices, but things happen and life changes course,” Rick adds, “that’s how we came up with <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a>.”Rick and Rebecca have many happy memories on and in the water, yet some of the highlights have taken place onboard the 37.2-metre <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a>. Specific stand-outs are their trips to the Bahamas, specifically to the Exumas. “I just couldn’t get over the colour of the water and the various shades of blue; every shade of blue you can imagine was there”, Rebecca recalls.<img src="https://photo-assets.superyachttimes.com/photo/382930/image/large-6b046cd52c5594a080bb1e1577132b4c.jpg" data-gid="gid://syiq/Photo/382930">They were onboard with some friends who had never been to the Bahamas, “one of them was a yoga instructor, so we gathered on the aft deck and she hosted a yoga class while we were anchored in this beautiful water.”Shortly after finishing the yoga flow, the first mate mentioned that there’s a little river running through the mangroves towards a little island that serves as a sanctuary for turtles. Rebecca recalls how “we jumped in our little 17’ dinghy, one of those rigid inflatable boats, and the mate took us on this tour through the mangroves and we came upon so many turtles, I lost count after 55.”<img src="https://photo-assets.superyachttimes.com/photo/395448/image/large-53940afe3e6bdc115b22c2595f1624a6.jpeg" data-gid="gid://syiq/Photo/395448">That specific tour ended in a little lagoon with a beautiful, white sand beach. “You’re seeing fish and birds and we spent the afternoon snorkelling. It was a perfect day on the water,” Rebecca shares. There is something really joyful about getting to share experiences with friends and loved ones, and sometimes it is these small moments, snippets of a trip, that become stand-out memories.The duo has worked hard to make their yacht feel not just like an adventure vessel they share with friends, but also to make her feel like a home. They’ve decorated the interior spaces with some of the art pieces they love, half a dozen of which have been commissioned specifically for the yacht including pieces by artist Bette Ridgeway. “Art makes a house a home,” Rick shares, “Bette’s paintings fit so perfectly and really add an extra charm, a bit of a newer feeling, to the 1997 yacht.”<img src="https://photo-assets.superyachttimes.com/photo/382947/image/large-79c7b6b37992a228c650d15b0abcc15e.jpg" data-gid="gid://syiq/Photo/382947">A shared passionBeing onboard superyachts didn’t always come naturally, for Rick nor for Rebecca. Rick shares how “both Rebecca and I are self-made; it was unusual to have someone care about me, ask me ‘can I help you?’ - things like that.” After ten years, the couple has gotten the hang of it, “we realised that, what these folks, the crew, do for a living, it’s because they share the same passion that we do.”“Our team, our crew, they want to get off the dock. They don’t want to get paid to sit at Old Port Cove in Palm Beach. They want to go somewhere,” shares Rick. “I really enjoy it when they take the fishing boat out and go diving or spear fishing with us.” Rebecca recalls how, a couple of weeks ago when cruising around the Bahamas, their engineer said ‘this is my happy place’. “When you bring in people and give them a memory, something to share, it shows not just the opportunity of where a vessel can take you, but also of the community out at sea.”<img src="https://photo-assets.superyachttimes.com/photo/382959/image/large-6174f809cc01abda573d02360838f0f3.jpg" data-gid="gid://syiq/Photo/382959">Why sell?“When we bought her five years ago, we didn’t have a home in Harbor Springs nor in Palm Beach, and in those places we have a few smaller boats, so really it came down to how much time we can use it to justify ownership and costs,” shares Rick. While selling <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a> is a question of logistics, the couple is focused on enjoying the yacht while still theirs.&nbsp;The hope is that someone will buy <a data-gid="gid://syiq/Yacht/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Probabilty37.2m (122'1&quot;)Delta Marine1997">Probability</a> who is equally as impressed with the work done by the American shipyard and will care and share the yacht in the same way that Rick and Rebecca have done. The yacht is a labour of love and, when cared for, can embark on many, many more adventures.<img src="https://photo-assets.superyachttimes.com/photo/382142/image/large-33d07d628b6c8b865ff523abf68f14c6.jpg" data-gid="gid://syiq/Photo/382142">

ownership delta marina probability

The love, passion and purchase of the 122' Delta Marina Probability, currently for sale. 

Rick & Rebecca Szelc of 37m Probability: "It's always been about sharing our love for the sea"

Born into a Romany-Gypsy family in Lutterworth, Leicestershire, is Alfie Best, self-made businessman, father, and owner of the 27-metre <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> <a data-gid="gid://syiq/Yacht/9510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wyldecrest27.1m (88'11&quot;)Sunseeker2021">Wyldecrest</a>. A life shaped by ambition and an unrelenting belief in self-made success, Alfie Best has managed and navigated various enterprises in the United Kingdom, before eventually passing the baton and settling down in Monaco. Leona Caanen sits down with Alfie to discuss his entrepreneurial journey that eventually led to owning a superyacht.<img src="https://photo-assets.superyachttimes.com/photo/394909/image/large-1cc1e789b82e0d5ad527fa41b674b295.jpg" data-gid="gid://syiq/Photo/394909">An entrepreneurial spiritOne thing becomes immediately clear about Alfie, is that he is proud of his origins and especially proud of his family. “I come from a very supportive family, as in, I have a very good mother and father, and have an extremely good family now, which has helped me along the way.” For Alfie, life wasn’t always easy, especially growing up as what he describes as a Gypsy; people judge you based on preconceived ideas, rather than who you are. Yet that element seems to have never bothered Alfie, rather it is precisely this that fuels his work ethic.With the odds against him, Alfie built his wealth starting with nothing. At the age of 14, having dropped out of school two years prior, Alfie ran a business buying and selling vans and cars. By the age of 20, his company nearly went bankrupt, but, unafraid to put in work where needed, Alfie picked up a second job in a phone store. Within weeks, he had opened his own store and over time another twelve more. A decade later he exchanged phones for real estate and established the company he is most widely known for: Wyldecrest Parks.<img src="https://photo-assets.superyachttimes.com/photo/394910/image/large-fa857286131e1bbd6e35e7b6ae3ffe93.jpg" data-gid="gid://syiq/Photo/394910">What started as a residential mobile home park, has expanded throughout the entirety of the United Kingdom, with over a 100 mobile parks, for residency and holidays. The expansion across the UK is in part due to Alfie’s daughter, who has taken over the family business. “My daughter runs the Wyldecrest Mobile Home Park, and I’m very, very proud of her, she has taken the reins and ran with it.” His son also works in the family business, but in sharing the name and not wanting to live in his father’s shadow, he has positioned his focus on his own entrepreneurial journey.The parks are specifically designed for people over 50 wishing to enjoy their retirement. “Simply put, we supply affordable homes”, shares Alfie, yet the reality has proven more complicated than that. &nbsp;Running Wyldecrest Parks has not been without its challenges over the years, with the company facing a period of public scrutiny and regulatory hurdles as it expanded.&nbsp;Alfie, however, appears unphased by the criticism, viewing such obstacles as symptomatic of what he sees as the UK’s lack of support for entrepreneurship: “[the UK] encourages socialism, and it doesn’t work because it stops rewarding competition”. Continuing business as always, Alfie’s focus remains on “supplying affordable homes in the United Kingdom. I know all my employees by name, and I love meeting all my residents as often as I can.”<img src="https://photo-assets.superyachttimes.com/photo/394988/image/large-ba1891d28ddb056b75d435af485bd1be.jpg" data-gid="gid://syiq/Photo/394988">Sharing the know-howWith his daughter managing the business in the UK, Alfie has focused his energies on his next entrepreneurial venture: Best Wealth Network - a mentoring platform where successful entrepreneurs can share their know-how with others. “Our mission is to provide unparalleled support, resources, and mentorship to help our members,” shares Alfie.The organisation focuses on providing unparalleled support, resources, and mentorship to “help members achieve their financial goals and lead extraordinary lives. We have people who have done it, lived it, earned it, and bear the scars of their experiences,” Alfie shares, emphasising that he seeks to work with individuals who are not just good at what they do, but have also experienced struggles along the way and understand how to navigate challenges.<img src="https://photo-assets.superyachttimes.com/photo/394906/image/large-f9149d6ef6d4d332a56b13d886968363.jpg" data-gid="gid://syiq/Photo/394906"><a data-gid="gid://syiq/Yacht/9510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wyldecrest27.1m (88'11&quot;)Sunseeker2021">Wyldecrest</a>&nbsp;as a businessWith a desire to navigate a new challenge, Alfie embarked on his next big business adventure of running a successful 27-metre charter yacht named <a data-gid="gid://syiq/Yacht/9510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wyldecrest27.1m (88'11&quot;)Sunseeker2021">Wyldecrest</a>. Both Alfie and the yacht are currently based in Monaco.With the support of both his parents and his children, and an entrepreneurial mindset, Alfie purchased <a data-gid="gid://syiq/Yacht/9510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wyldecrest27.1m (88'11&quot;)Sunseeker2021">Wyldecrest</a> back in 2022 with the goal of having it primarily operate as a charter vessel. “I purchased the yacht to start a charter business. Of course, I enjoy it too, but I’m careful not to love it too much: I believe that if you fall in love with what you own, it ends up owning you.”<img src="https://photo-assets.superyachttimes.com/photo/394901/image/large-2d2ce23e691ce4f5e9961b046da97c39.jpg" data-gid="gid://syiq/Photo/394901">For Alfie, yacht ownership was never solely about indulgence. It was about positioning, branding and the extension of a commercial vision into another arena; he explains, “everything we do is business. It’s a charter vessel. When I go onboard with my family, I pay to use the yacht. We don’t take free vacations on it.”When searching for the right charter yacht, it was clear from the get-go that it had to be a <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>. “It’s been a historic British brand, which, at the time of my purchase, was very important to me. A British brand supporting another British business”, Alfie notes.<img src="https://photo-assets.superyachttimes.com/photo/394904/image/large-e36cf7c2a3ff5d11af7e45d96599b655.jpg" data-gid="gid://syiq/Photo/394904">Yet it wasn’t just Alfie’s patriotism that made him pick a <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>, “the workmanship on a Sunseeker is second to none. On <a data-gid="gid://syiq/Yacht/9510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wyldecrest27.1m (88'11&quot;)Sunseeker2021">Wyldecrest</a>, we have an electronic platform and a truly phenomenal Beach Club that also made the decision to purchase very easy.”Currently, <a data-gid="gid://syiq/Yacht/9510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wyldecrest27.1m (88'11&quot;)Sunseeker2021">Wyldecrest</a> is for charter with <a data-gid="gid://syiq/Company/4536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="West Nautical (Company)">West Nautical</a> whilst Alfie is working to expand his fleet, and has already scanned the market for the perfect fit. The next yacht he is in the process of purchasing is “a 155 footer able to cross the Atlantic, so we’ll be able to charter in the Caribbean, the Americas, as well as the South of France and the Mediterranean.” Ultimately, the goal is to have a charter fleet of five yachts.<img src="https://photo-assets.superyachttimes.com/photo/394908/image/large-3c5ce969ece65f57218f3a921406ca1b.jpg" data-gid="gid://syiq/Photo/394908">

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Alfie Best: From Gypsy to superyacht owner

Currently cruising around the Caribbean is the 35.5-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/2614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tail Lights35.46m (116'4&quot;)Azimut Yachts2011">Tail Lights</a>, owned by tech entrepreneur Lee Mandel. After a recent refit, including a full repaint of the superstructure in a non-metallic grey, this gem is meticulously maintained; mainly due to the diligent care provided by her owner, captain and crew. With over six years of ownership also comes vast experience regarding charter and caring for guests. I got the pleasure to chat with Lee about why <a data-gid="gid://syiq/Yacht/2614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tail Lights35.46m (116'4&quot;)Azimut Yachts2011">Tail Lights</a> is so special.<img src="https://photo-assets.superyachttimes.com/photo/312481/image/large-2d82503d7ec1f9be4b35a5662a388ebe.jpg" data-gid="gid://syiq/Photo/312481">Tell me a little bit about how you came to own&nbsp;<a data-gid="gid://syiq/Yacht/2614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tail Lights35.46m (116'4&quot;)Azimut Yachts2011">Tail Lights</a>“That's a very easy question to answer. I had a technology company for about 20 years, and our main focus in that company was building school safety and security technology. We took the company global over a couple of years, and we probably saved a lot of lives with the technology that we developed in the USA. When I had the opportunity to sell the company in 2019 to help it grow, I took it.&nbsp;At the time, I was about 39 years old, and I said, I need to do something, something different, to keep me busy and motivated. One of my passions outside of work is boating; I've been a boater my entire life. I boated as a kid growing up. I have such found memories with my family and learning how to boat with my grandfather and father. I figured if I was going to take the plunge into yacht ownership, why not turn it into a business? I purchased <a data-gid="gid://syiq/Yacht/2614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tail Lights35.46m (116'4&quot;)Azimut Yachts2011">Tail Lights</a> as a true business model.I spoke to a lot of people and experts, they said, ‘Look, this is not a profitable business model.’ Well, then I'm going to be the first one to make it a profitable business model. So that's how it came about. Whenever I go do my annual or semi-annual inspections on the vessel, it brings me back and reminds me how hard I worked to get to this point in my life. It's a passion for me, but it's also something that brings me a lot of pleasure when I see guests having the vacation of their lives and hear the great feedback that guests give me after they have a wonderful time with their families and friends; yachting truly brings them together.”<img src="https://photo-assets.superyachttimes.com/photo/365511/image/large-0fa4c668da228d126c9b500a19bb98b4.jpg" data-gid="gid://syiq/Photo/365511">Then this is much more of an exciting business project for you?“Yes, I call it a passion business. Many yacht owners don't run their yachts as a business; they'll do it for pleasure and hopefully they can get some benefits out of it. I took the opposite approach, for me this is truly a business. When it comes to how you run a business like this, it’s truly the hospitality business at an extreme level. When you run a hospitality business, you've got to be able to analyse what the guests experience and step onboard from time to time: like a secret shopper, so to speak.&nbsp;I'll have different people from different walks of life on the vessel two or three times a year to get an idea of what the experience is like, and give feedback and guidance to my team. This is how we come up with our maintenance periods and determine what needs to be upgraded. When a guest comes on they're not going to necessarily tell you what is wrong. If something is not up to par you may never hear back or they may never book the vessel again. Maybe the issue wasn’t bad enough for them to complain, but it wasn't good enough for them to want to come back. I try to mitigate that by being a secret shopper, or I should say, a secret yachter. I do this to really get an idea of the true guest experience and make sure it's up to par, and make necessary adjustments when needed.”<img src="https://photo-assets.superyachttimes.com/photo/382796/image/large-a9563b92513a997506375bac60686296.jpg" data-gid="gid://syiq/Photo/382796">Would you say, considering everything you’ve noted, that your business model has been successful?“On average, we do 20 to 25 term charters per year, which is incredible. We focus on maintaining the vessel. When people come on, they say, ‘There's no way this yacht is doing 20 to 25 charters. There's no way this crew or this captain has done this amount of charters.’ This is how I truly measure success.”<img src="https://photo-assets.superyachttimes.com/photo/365512/image/large-464ce55cef09b4d12fe71cb58a12143e.jpg" data-gid="gid://syiq/Photo/365512">What is your relationship like with the crew?Treating this like a true business, we follow the chain of command: the captain reports directly to me, the crew reports directly to the captain. Captain Sean's been with me for over five years now and he’s an incredible captain; this is a very busy program, and I had to find someone who wants to run and treat it as a business the way I like to run it. Being a captain is not just about driving the yacht, in fact that's the easiest part. Rather, being a captain is like being the COO of a company, and that COO reports directly to me as the CEO of the enterprise. I treat Sean as I do other COOs of my other companies and we have frequent meetings. He also works with my financial team, who handles billing, accounting, purchases, and expenses. Honestly, Sean’s incredible, he brings these guests such pleasure and joy when they have their vacations and the feedback we get is just incredible.There is a book on the vessel, we call it our guest book, where guests can leave feedback or messages. We’ve already filled two of them because every one who steps onboard notes how incredible of a time they’ve had and that they’re eager to come back, or how it brought their family and friends together, or sharing a once in a lifetime experience. Reading these is a great feeling.<img src="https://photo-assets.superyachttimes.com/photo/382793/image/large-54de1df21c2bc03a22104a10a924093d.jpg" data-gid="gid://syiq/Photo/382793">The formula in yachting I would say is 20 percent the vessel, and 80 percent the crew. The vessel is a means to transport people from point A to point B. You must maintain it, and keep up with it. You have to make sure it's clean and everything's working and operating, which sounds easy, but it's harder than it seems. I would say 80 percent of charter success is the crew: It's all about the crew and how comfortable they make the guests feel. The entire crew is full time. To support the crew we’ve created our own version of a rotational program where we work with the crew to support them and give them ample time off.The crew truly is family to me, and we do our best to treat them as such. Like I said earlier, the success of the program is all about our crew. They are the ones who really put it all together. Captain Sean is a great leader and wonderful at interacting with the guests.”<img src="https://photo-assets.superyachttimes.com/photo/365515/image/large-bfc73ee5ed3088ed4660dabc0a6e2763.jpg" data-gid="gid://syiq/Photo/365515">Where does&nbsp;<a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY Yachts</a>&nbsp;come into all of this? Why partner with them?‘When I purchased <a data-gid="gid://syiq/Yacht/2614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tail Lights35.46m (116'4&quot;)Azimut Yachts2011">Tail Lights</a>, I had never purchased a vessel of this size. A friend of mine recommended <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY</a>. I remember standing on the swim platform of my private vessel with this thought to go pursue this business idea. I called <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY</a> at 07:30 in the morning and this gentleman named Mike Scalisi picked up the phone. He became my broker in the purchase and, since then, we’ve had an incredible relationship, both business and friendly. Mike then introduced me to Susan Harris, who is our charter yacht broker. Since <a data-gid="gid://syiq/Yacht/2614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tail Lights35.46m (116'4&quot;)Azimut Yachts2011">Tail Lights</a> was already a part of the <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY</a> charter fleet, Susan mentioned how she’d love to keep it in the <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY</a> family. I explained to Susan how I intend to run this charter yacht as a business, wanting to do 20 to 25 charters a year. Together with Katie and Kimberly from marketing, we sat down for a meeting, and I fell in love: They are incredible and passionate people that were willing to take on the challenge and made it happen.”<img src="https://photo-assets.superyachttimes.com/photo/365517/image/large-0dd58c493415c69a87d14fd7aaae53d8.jpg" data-gid="gid://syiq/Photo/365517">Looking aheadI’ve considered upgrading and getting a larger vessel, possibly even a second vessel in the fleet. My dream is to have a vessel that literally goes around the globe every year, and guests can fly into different places. We can even work with our repeat clients to say, ‘Hey, do you want to visit Tahiti’, or ‘would you like to go to the Amalfi coast,’ we can figure out ways to fit everyone into that equation in different destinations around the globe.For now, we're thrilled with what we're doing. We're thrilled with the response from the guests, and the experiences that they've had. You know, to me, it's a passion: when I sold my company, it's something I always wanted to do, and now we're doing it successfully and we continue to move onward and upward.”<img src="https://photo-assets.superyachttimes.com/photo/312482/image/large-6f334043a3bc98dc01fcfbb9f82cc070.jpg" data-gid="gid://syiq/Photo/312482">This article was first published in the <a href="https://yachtchartermarket.com/p/from-tech-to-charter-lee-mandel-on-owning-tail-lights" rel="noopener noreferrer" target="_blank" title="">Yacht Charter Market</a> newsletter. You can read more <a href="https://yachtchartermarket.com/" target="_blank">here</a>.

From Tech to Charter: Lee Mandel on Owning Tail Lights

From tech to charter: How Lee Mandel turned a motoryacht into a business

From Tech to Charter: Lee Mandel on owning the 35m Tail Lights

How an owner turned a lifelong pursuit of independence into a yacht that embodies mobility, mindfulness, and modern design.While the Alpine mountains are what shaped Hubert’s upbringing, it has been the sea that he has longed for. Symbolising the feeling of freedom, shaped by endless horizons, a life at sea seemed like a faraway dream, until he built <a data-gid="gid://syiq/Yacht/12519" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sitara24.9m (81'8&quot;)VisionF2023">Sitara</a>.<img src="https://photo-assets.superyachttimes.com/photo/380635/image/large-1ae8e216482167578cd998845390bedb.jpg" data-gid="gid://syiq/Photo/380635">The value and design of freedom<a data-gid="gid://syiq/Yacht/12519" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sitara24.9m (81'8&quot;)VisionF2023">Sitara</a> is a 82-foot (24.9-metre) motor yacht catamaran with an aluminium hull and superstructure. Designed for circumnavigation without a crew, Hubert and his wife spent most of their year onboard the catamaran.Becoming an entrepreneur at the age of 28, Hubert shares how “freedom has always been my greatest value.” It’s a word, and a feeling, that echoes through the entire yacht. With her broad 9.9-metre beam and sharp, sculptural lines, she appears not so much constructed as carved out of the very water she cruises. <img src="https://photo-assets.superyachttimes.com/photo/380633/image/large-de8b5bd6db94db1858ca097bb00b837d.jpg" data-gid="gid://syiq/Photo/380633">Beneath her sleek exterior lies a philosophy of life: to live deliberately, travel far, and design each day as it comes. “Living a free, self-determined life has always been my goal. Added to that is my love for long, distant journeys,” notes Hubert, “Both goals can be achieved onboard a yacht.”With a professional background in architecture, Hubert approached <a data-gid="gid://syiq/Yacht/12519" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sitara24.9m (81'8&quot;)VisionF2023">Sitara</a>’s design with the same sensitivity he would apply to any living space: focusing not just on form, but on feeling. “Design is more than aesthetics,” Hubert shares, “It’s about the energy a space gives you.”<img src="https://photo-assets.superyachttimes.com/photo/380634/image/large-432b430f980389af1ac7a82506e33a4c.jpg" data-gid="gid://syiq/Photo/380634">Onboard <a data-gid="gid://syiq/Yacht/12519" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sitara24.9m (81'8&quot;)VisionF2023">Sitara</a>, the energy is one of openness and calm. Her interiors, conceived by in collaboration with the owner, are defined by scale and contrast. “Open space,” the owner explains, “is true luxury, whether in a villa or a yacht. Space for big thoughts, big dreams.”Every detail onboard serves that philosophy. Natural textures and clean lines meet in harmony: polished metals reflect soft leather tones, while wood grains ground the modern geometry. “We need contrast in life,” the owner says. “It gives us balance.”<img src="https://photo-assets.superyachttimes.com/photo/380637/image/large-1ce9b5f5227bc011ebed0ef4138398c8.jpg" data-gid="gid://syiq/Photo/380637">Onboard living The catamaran can accommodate up to six guests and, while it has space for two crew, can also be manned by the owners themselves. “An 82-foot catamaran undoubtedly requires a lot of maintenance and care. The living and deck areas alone are enormous,” Hubert shares, “but <a data-gid="gid://syiq/Yacht/12519" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sitara24.9m (81'8&quot;)VisionF2023">Sitara</a> is our home; we enjoy working, and we love this very private life.”&nbsp;Most people to step onboard Sitara would travel with a crew, which is more than possible. The 82-footer motor yacht is also designed to be sustainable: the yacht houses “a sophisticated, reliable and highly efficient propulsion system powered by conventional diesel engines (VOLVO IPS). At 7 knots we consume only 21 litres of diesel - incredibly low for a yacht of this size!” Hubert says. With a fuel tank capacity of 15,000 litres, <a data-gid="gid://syiq/Yacht/12519" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sitara24.9m (81'8&quot;)VisionF2023">Sitara</a> can easily make long voyages. Additionally, she houses 34 solar panels, which power the onboard batteries: “After our first season, the 15 kW generator had only operated for 100 hours. That’s peace of mind.” The hybrid setup not only minimises noise and fuel consumption but also reinforces the yacht’s core ethos: quiet, conscious freedom.<img src="https://photo-assets.superyachttimes.com/photo/380640/image/large-592cbaeb0d151e6982d27e22f4aac6e2.jpg" data-gid="gid://syiq/Photo/380640">A Home That AdaptsFor the owner, <a data-gid="gid://syiq/Yacht/12519" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sitara24.9m (81'8&quot;)VisionF2023">Sitara</a> was never meant to be static, not in design, purpose, or spirit. “Flexibility was essential,” Hubert notes. “Life changes, and the yacht must change with it.” To that end, the yacht’s layout is remarkably versatile. The office can transform into a guest cabin, utility room, or even crew space. Color schemes and finishing touches can be easily updated; Sitara’s current accents are a vivid orange, but the palette could shift to white, turquoise, or even deep red with minimal effort. “You can change the entire atmosphere without needing to change the architecture.”<img src="https://photo-assets.superyachttimes.com/photo/380638/image/large-bf5f0075b9085f38179373aa7d910797.jpg" data-gid="gid://syiq/Photo/380638">This adaptability mirrors the owner’s mindset, which values change over permanence. Even while Hubert and his wife currently live onboard, they know that <a data-gid="gid://syiq/Yacht/12519" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sitara24.9m (81'8&quot;)VisionF2023">Sitara</a> may soon find a new owner. The yacht is currently listed for sale with <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> at €5.9 million, though for now, she remains their floating home. “We took delivery in 2024 and spent our first season in the Mediterranean,” Hubert shares. “Now, we’re exploring the Eastern Mediterranean. Part of living freely is deciding where you live, and when.”The reason Hubert’s put his dream yacht up for sale is because “the excitement in my life is new challenges! As an architect, you're used to designing things for people and creating new living spaces. I can't and won't ignore this inner drive.”<img src="https://photo-assets.superyachttimes.com/photo/380636/image/large-d83c63f2e56ac341eee637ad3ecf374c.jpg" data-gid="gid://syiq/Photo/380636">Looking AheadWhat comes next for someone who has built their dream yacht? The answer, fittingly, is creation. “Building <a data-gid="gid://syiq/Yacht/12519" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sitara24.9m (81'8&quot;)VisionF2023">Sitara</a> reawakened a creative joy; that is something I want to keep developing.”Hubert envisions a future in which he gets to design yachts for others seeking a life of freedom and impermanence; for people who “want to escape the daily grind and live self-determined lives. A yacht isn’t a possession,” Hubert reflects, “It’s a platform for freedom.”Looking towards his own future, which is defined solely by a big question mark, Hubert feels excited. “Where and how we'll live after the sale... isn't yet decided. In any case, we'll be living a ‘free life’." Possibly in the cards is a sailing yacht: “My heart still beats for sailing,” Hubert admits. “But for a couple, handling a sailing yacht over 50 feet can be demanding. A motor yacht offers more safety, less effort.” Ultimately, it’s not the yacht that determines your freedom: it’s your mindset.<img src="https://photo-assets.superyachttimes.com/photo/380641/image/large-fb4b896142af1c083a5394e34f001a52.jpg" data-gid="gid://syiq/Photo/380641">The Spirit of&nbsp;<a data-gid="gid://syiq/Yacht/12519" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sitara24.9m (81'8&quot;)VisionF2023">Sitara</a>On the water, <a data-gid="gid://syiq/Yacht/12519" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sitara24.9m (81'8&quot;)VisionF2023">Sitara</a> appears effortless: her twin hulls slicing through glassy blue, her aluminium surfaces catching the sunlight. Yet within her calm precision lies an entire philosophy. She is more than a vessel; she’s a statement about what it means to live without anchors, to chase horizons without losing one’s center.“Freedom reaches its limits sometimes, with authorities, or repairs, or reality itself,” Hubert notes, “But every system has limits. What matters is how you live within them. That’s where life truly begins.”<img src="https://photo-assets.superyachttimes.com/photo/380632/image/large-eda54183c8fb3baf47091b0aef03c19a.jpg" data-gid="gid://syiq/Photo/380632">

Building Sitara, an 82-foot catamaran: From dream to reality

How an owner turned a lifelong pursuit of independence into a yacht that embodies mobility, mindfulness, and modern design.

It is not every day that one is invited onboard a superyacht with more than a century of history. The 50.29-metre <a data-gid="gid://syiq/Yacht/1737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalizma50.29m (164'12&quot;)Ramage & Ferguson1906">Kalizma</a> is no ordinary vessel, built in 1906 by the Scottish shipyard <a data-gid="gid://syiq/Company/1068" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ramage & Ferguson (Company)">Ramage and Ferguson</a>, she has a storied past, having served with the British Royal Navy in both World Wars.<img src="https://photo-assets.superyachttimes.com/photo/373893/image/large-bc3383c62d81626c1b1dc806c5e6069c.jpeg" data-gid="gid://syiq/Photo/373893">Over the decades, <a data-gid="gid://syiq/Yacht/1737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalizma50.29m (164'12&quot;)Ramage & Ferguson1906">Kalizma</a> has been owned by a succession of prominent figures, including Richard Burton, who famously gifted her to his wife Elizabeth Taylor, as well as Peter de Savary, Vijay Mallya and, most recently, Shirish Saraf, who acquired her at an auction in 2019.SuperYacht Times Features Writer Enrico Chhibber met Saraf at Monaco Classic Week, following the <a data-gid="gid://syiq/Event/269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2025">Cannes Yachting Festival</a>, to discuss how he came to acquire the yacht, his preferred cruising destinations, and his perspective on India’s emerging presence in the global yachting sector.<img src="https://photo-assets.superyachttimes.com/photo/373921/image/large-b541572dd3028e8d9ad8b2b08ad58193.jpg" data-gid="gid://syiq/Photo/373921">From encounter to ownershipUpon stepping into the main saloon, I was greeted by Saraf and invited on a tour. Being onboard felt like walking through a museum, or being transported back in time. “She carries with her a story,” Saraf said with pride, noting that she had “survived two World Wars,” had welcomed “practically every Hollywood legend” and “all of Bollywood, really,” and that “Prince Philip stayed onboard with the Queen when <a data-gid="gid://syiq/Yacht/1737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalizma50.29m (164'12&quot;)Ramage & Ferguson1906">Kalizma</a> was the headquarters of the America’s Cup for Peter de Savary.”“I saw her truly as something very special, not just a yacht, but a piece of art. She is art on sea, you know,” said Saraf.Saraf first encountered <a data-gid="gid://syiq/Yacht/1737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalizma50.29m (164'12&quot;)Ramage & Ferguson1906">Kalizma</a> in 1996, when she was moored in <a data-gid="gid://syiq/Company/3474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai Creek Marina (Company)">Dubai Creek</a> under the ownership of Vijay Mallya. “I had just finished a round of golf with her captain during a tournament,” he recalled. “He asked if I wanted to come onboard. I went with my father, but at the time I never imagined I would one day become her owner.”<img src="https://photo-assets.superyachttimes.com/photo/373924/image/large-8cf25ddbb56bcaae13e9cd5c2cc3779c.jpg" data-gid="gid://syiq/Photo/373924">By 2004, Saraf had begun to take a greater interest in boating. He owned a small day boat and began spending more time at sea, often cruising the Mediterranean during the summer.When the opportunity arose in 2019, Saraf acquired <a data-gid="gid://syiq/Yacht/1737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalizma50.29m (164'12&quot;)Ramage & Ferguson1906">Kalizma</a> at auction in Sri Lanka. What captivated him was not merely her form, but the layered history she embodies. He emphasised “the fact that she is still recognised. I was at the restaurant La Réserve de Beaulieu, and the general manager came out because the bar displayed photos of <a data-gid="gid://syiq/Yacht/1737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalizma50.29m (164'12&quot;)Ramage & Ferguson1906">Kalizma</a> and Elizabeth Taylor arriving for Princess Grace’s 40th birthday in 1969. It is all there, in French, on the walls.”When Saraf took ownership, his priority was to restore <a data-gid="gid://syiq/Yacht/1737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalizma50.29m (164'12&quot;)Ramage & Ferguson1906">Kalizma</a> to her former glory while preserving her historical character. The first phase of her restoration began in Colombo, followed by a more extensive refit at <a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic 42</a> in Montenegro, where Palazzo Morelli oversaw the interior works. Most recently, she spent the winter in Malta for further refit, managed by <a data-gid="gid://syiq/Company/1372" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="West Coast Marine (Sea Waif) (Company)">West Coast Marine</a>.<img src="https://photo-assets.superyachttimes.com/photo/373894/image/large-c86bbac206a52e1597866767881a0b98.jpeg" data-gid="gid://syiq/Photo/373894">Favourite cruising destinations&nbsp;“For me, it’s all about the water quality. I never really like to stay in the marina. Normally I’m anchored in the middle of the sea, somewhere quiet with friends, without too many buildings in sight,” he recounted.Saraf expressed a clear preference for the Mediterranean over the Caribbean, highlighting Corsica, Sicily and the Aeolian Islands, including Panarea and Stromboli, along with Malta, Montenegro and Croatia. “The Turkish coast is my favourite,” he added. “Gocek and all of those areas are really lovely.”Beyond the Mediterranean, Saraf has spent extended periods in Sri Lanka and has cruised the Lakshadweep islands. One destination he still hopes to visit is &nbsp;Raja Ampat in Indonesia.<img src="https://photo-assets.superyachttimes.com/photo/373915/image/large-3bd8fddc2e0c0f222003bed879c5e4aa.jpg" data-gid="gid://syiq/Photo/373915">India’s potential as a yachting destination and marketThe conversation then turned to India’s potential as both a yachting market and a cruising destination. Saraf offered a measured view of the country’s role in global yachting, distinguishing between its growing base of yacht owners and its limited appeal as a cruising ground. “Over time that will happen,” he said, referring to Indian ownership. “The typical Indian businessman is only now, after twenty years of economic growth, reaching a stage of wealth and maturity where yachting becomes a realistic pursuit. The second generation is beginning to grow up with friends who already have yachts.”Saraf added that “Indians tend to be more cost-conscious than the rest of the world. If you look at it purely from an economic perspective, superyachts shouldn’t be owned.” He went on to explain that ownership, for him, is driven by emotion rather than calculation. “This is something you love,” he reflected. “Why do I own <a data-gid="gid://syiq/Yacht/1737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalizma50.29m (164'12&quot;)Ramage & Ferguson1906">Kalizma</a> and not charter? Because where do I find the crew? The crew brings the soul to this life, they’re like family. From the moment you step onboard until you leave, it feels like home. Having my own yacht also means I am the master of my fate.”<img src="https://photo-assets.superyachttimes.com/photo/373917/image/large-fbf40af47a28e0c7504c07a623b3cb54.jpg" data-gid="gid://syiq/Photo/373917">From a cultural perspective, Saraf also noted that many wealthy Indians spend more time in London than at sea. “Indians are not really people of the sea,” he observed. “They haven’t had that exposure. I did, because I grew up in Oman, but in India, apart from Goa or Kerala, where would you go?”On India as a yachting destination, Saraf maintained that the country’s lack of infrastructure and bureaucratic constraints continue to limit its potential. “There is not much water to cruise around there,” he explained. “You can keep your yacht in the Maldives, which is good, but most Indians prefer to stay in a resort rather than cruise.”<img src="https://photo-assets.superyachttimes.com/photo/373922/image/large-90666725ab450b2de9a5cb7c1ea3b918.jpg" data-gid="gid://syiq/Photo/373922">He went on to describe how limited marina capacity, regulatory hurdles and security restrictions continue to make yacht cruising in India challenging. “There is not even basic infrastructure yet,” he said. “Even Goa does not have proper facilities. Since the 2008 Mumbai attacks, regulations have become stricter. Owners must now notify the Coast Guard weeks in advance, and in places such as Lakshadweep, each island requires a separate visa, and approvals can take months.”Looking ahead When asked whether he planned to acquire another yacht, Saraf replied with characteristic clarity. “No,” he said, later revealing, “I do have plans to put <a data-gid="gid://syiq/Yacht/1737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalizma50.29m (164'12&quot;)Ramage & Ferguson1906">Kalizma</a> on the charter market.”<img src="https://photo-assets.superyachttimes.com/photo/373895/image/large-32b425e760c7fd2ed70a317a359b4fc6.jpeg" data-gid="gid://syiq/Photo/373895"> His approach reflects both pragmatism and reverence. As custodian of one of the world’s most storied vessels, Saraf views ownership less as possession and more as preservation, ensuring that <a data-gid="gid://syiq/Yacht/1737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalizma50.29m (164'12&quot;)Ramage & Ferguson1906">Kalizma</a>’s legacy, from her Royal Navy service to her Hollywood chapter, continues to endure. Images of Shirish Saraf provided by Captain Saini Surendra

Shirish Saraf on Kalizma preserving a century of history

Shirish Saraf reveals how he came to own Kalizma, and reflects on India’s potential as a superyacht market and destination.

Inside Shirish Saraf’s journey with Kalizma, the century-old superyacht

It isn’t every day that the superyacht press finds itself on a video call with one of the most influential figures in technology. But when Gabe Newell, co-founder of Valve and now shareholder at <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, appeared on screen for a private roundtable with a select group of journalists during the <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show</a>, the atmosphere was one of curiosity and anticipation. For an hour, he spoke candidly about his unlikely journey into yachting, his vision for research-led fleets and why he believes there will always be interesting technologies and opportunities to build more boats.<img src="https://photo-assets.superyachttimes.com/photo/372661/image/large-efbaa1c91bfa6988f938d8e2732895dd.jpg" data-gid="gid://syiq/Photo/372661">“I wasn’t interested in yachts at all,” he admitted with disarming honesty over the call, explaining how a surprise charter onboard the 77.6-metre <a data-gid="gid://syiq/Company/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vosper Thornycroft (Company)">Vosper Thornycroft</a> <a data-gid="gid://syiq/Yacht/301" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M577.6m (254'7&quot;)Vosper Thornycroft2004">M5</a> (ex. Mirabella) for his ex-wife’s 50th birthday turned into the start of a lifelong passion. “I thought I was going to be miserable. Instead, I discovered this incredible way to spend time with friends and family.”That first charter led to many more. Then came ownership. Then, inevitably, came shipbuilding. Today, Newell not only owns a growing fleet, but also lives full-time at sea. “Other than a couple of months in 2021, I’ve been living onboard ever since the pandemic,” he said, leaning back in his chair on screen. His three cats, he joked, are just as bemused as he is when the captain informs them which vessel they’re moving to next.<img src="https://photo-assets.superyachttimes.com/photo/319785/image/large-4bb2a8fa9dff74386dd0cf81c8991888.jpg" data-gid="gid://syiq/Photo/319785">The scale and diversity of Newell’s fleet is unusual, even by superyacht standards. He counts the 78.5-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/10" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocinante78.5m (257'7&quot;)Lürssen Yachts2008">Rocinante</a> as his first acquisition, the 72.15-metre <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> yacht <a data-gid="gid://syiq/Yacht/5955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Game Changer72.15m (236'9&quot;)Damen Yachting2017">Game Changer</a> as a support vessel, and both <a data-gid="gid://syiq/Yacht/4018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Draak91.5m (300'2&quot;)Oceanco2014">Draak</a> and the new-build 111-metre superyacht <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> by <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> as those included under his ownership. Beyond the traditional yachts, however, lies an array of research platforms, including the 68.2-metre <a data-gid="gid://syiq/Company/3754" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tacoma Boat Building Co (Company)">Tacoma Boat Building</a> vessel <a data-gid="gid://syiq/Yacht/10637" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dagon68.28m (224'0&quot;)Tacoma Boat Building Co1985">Dagon</a> which operates as a full-ocean-depth surface platform and the 55.75-metre <a data-gid="gid://syiq/Company/1643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Auroux (Company)">Auroux</a> vessel <a data-gid="gid://syiq/Yacht/2832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydra55.75m (182'11&quot;)Auroux1974">Hydra</a> which is designed for coastal studies.&nbsp;He also has a 35-metre sportfisher in development at <a data-gid="gid://syiq/Company/474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Developments (Company)">Yachting Developments</a>, that will travel with the main boat and the support boat, and has signed an agreement with <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a> for the 100-metre <a data-gid="gid://syiq/Yacht/15856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV6000100.0m (328'1&quot;)Vard Group AS2028">RV6000</a>, which will carry a 6,000-metre-capable remotely operated vehicle for submarine rescue and ocean science, and the research vessel <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a>, which is still in development.&nbsp;While the fleet is diverse, the vision is consistent that yachts are not just used as platforms for leisure, but as tools for exploration and science. Through Inkfish, his marine research organisation, Newell supports scientists with access to deep-sea technology, from advanced ROVs to mapping equipment. “Our focus is to be a service organisation to the scientific community,” he explained. “We ask scientists directly, what’s helpful? Sometimes that means getting them to critical parts of the ocean. Sometimes it means grants to process the data we collect. The point is to be led by science, not by ego.”<img src="https://photo-assets.superyachttimes.com/photo/367974/image/large-ea8d38f7ced1d8b2d5c392d963d93997.jpg" data-gid="gid://syiq/Photo/367974">At one point during the call, he described how high-school students had boarded his research vessels, watching specimens being prepared, and later wrote to ask when the boats would return. He smiled as he recounted their excitement: “That’s the impact I want to see. When the community says, ‘You’re coming back? Hooray!’ then we know we’re doing it right.”If his research ambitions are ambitious, his philosophy as a yacht owner is just as striking. Newell has imported the mindset of a software engineer into yacht design, thinking in terms of productivity and user experience.On <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a>, for instance, the deck is not teak but <a data-gid="gid://syiq/Company/7672" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bolidt (Company)">Bolidt</a>. “I’d rather the crew spend less time polishing decks and more time interacting with guests,” he said. “It’s about maximising the valuable experiences onboard. Do you want your crew polishing chrome, or taking your child out on a Jet Ski? To me, it’s obvious.”That approach extends deeper, with crew actively designing tenders, galleys and operational spaces. “We started by asking our dive team to design their own tender. The results were so good that we realised, the more you involve the crew in design, the better the outcomes.” On screen, he gave a small shrug as if to say the idea was obvious, though it represents a radical departure from how most yachts are conceived.Few yacht owners speak as comfortably about CNC machining, AI models or pressure vessels as they do about cruising grounds. For Newell, technology is not an accessory to his yachting, but the foundation of it. A self-taught machinist who once kept a five-axis CNC mill in his living room, he now funds advanced material research. <img src="https://photo-assets.superyachttimes.com/photo/367451/image/large-26f50ff0e23faff563f5ba25af0026b5.jpg" data-gid="gid://syiq/Photo/367451">One project in partnership explores aluminium oxynitride, a transparent ceramic stronger than titanium. “It’s so strong that titanium becomes the gasket material,” he said, eyes lighting up through the video link. The aim, to build a fully transparent, full-ocean-depth submersible hull.Newell was also an early funder of OpenAI, and speaks enthusiastically about applying machine learning to shipbuilding. “Putting stress and strain gauges everywhere, collecting time-series data and comparing it to model predictions, that’s where AI can validate and improve design. It’s about putting shipbuilding in front of the wave of technological advancement.”Examples already in place include pathogen-detection systems onboard to identify influenza or RSV, and discussions around bridge systems that use augmented reality to detect submerged objects at night. “Machine vision is already better than humans in many cases,” he said. “It’s just about integrating it in a way that enhances safety.”<img src="https://photo-assets.superyachttimes.com/photo/372683/image/large-fde494e79d89a678a296d7074c300d04.png" data-gid="gid://syiq/Photo/372683">Gabe Newell acquired <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> in August 2025, stating he intends to support and reinforce its existing culture, which he views as effective, principled and forward-looking. The investment in <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> itself stemmed not from a cold business calculation, but from a sense of belonging. Building <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> with the yard’s CEO Marcel Onkenhout and his team created a natural partnership for Newell.“It didn’t feel adversarial. It felt like collaboration,” Newell explained. “I was fanboying all over Marcel and his team. The quality made me root for them. Eventually it was like, how can I be part of this team too?” The result was a formal stake in <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, but with a philosophy that profit alone is not the driver. “The goal is to create happy customers. Profit is just the signal that you’re doing better than others. My focus is on how to make already brilliant yachts even more valuable to owners.”<img src="https://photo-assets.superyachttimes.com/photo/365665/image/large-908318675f42f6a91544e68f54985a77.png" data-gid="gid://syiq/Photo/365665">For Newell, the process of designing and building yachts has become as much a joy as the finished vessels themselves. “I’ll actually be sad when <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> is delivered, because I’ve loved working with the team,” he admitted via the video link. Asked whether he will always be building yachts, he admitted that it's an ongoing conversation and that there will always be interesting opportunities to move technology forward in the industry, in ways that might be too risky to ask another owner to take on. “In those cases, we could look at a speculative project or something I’d build myself, which gives the yard more design freedom. But it depends on what the team at <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> wants to try.”It is a revealing answer. For an industry often shrouded in secrecy, Newell brings not only capital and innovation, but a refreshing openness. He jokes about his cats, shares anecdotes of his children, and speaks earnestly about wanting yachts to be seen as good actors in the communities they visit.Marcel, speaking towards the end of the call, agreed wholeheartedly. “What has always bothered me most in 30 years is the secrecy and gossip,” he reflected. “In the years ahead, we want to lead by example, and transparency will be part of that.”<img src="https://photo-assets.superyachttimes.com/photo/367971/image/large-02a0541df7b4d8e25e92bf73af030e34.jpg" data-gid="gid://syiq/Photo/367971">Gabe also noted that many of his peers in the American tech world “aren’t nearly as aware of yachts and yachting as a lot of people in Europe,” and that simply getting them onboard could be transformative. “It’s a little like shooting fish in a barrel,” he said with a grin. “There are so many people who would never think about yachts, but once they experience it, they’ll realise it has an important role to play in their lives.” For Newell, the challenge lies in making the sales process experiential, because simply getting potential owners onboard, he argued, is often enough to change perceptions entirely.As the call drew to a close, he turned the tables on the assembled journalists: “What do you want <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> to do?” It was a fitting end from a man whose career has been built on questioning assumptions, listening closely and then reimagining what is possible.

Gabe Newell: Life at sea and building the future with Oceanco

Gabe Newell speaks about his fleet, Oceanco investment and vision for yachting innovation.

From gaming to yachting: Gabe Newell on life at sea and building the future with Oceanco

“If you want to be able to get into all your favourite spots quickly and get closer, she is the ideal yacht and exactly why we went for her,” says the owner of <a data-gid="gid://syiq/Yacht/2951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royale X49.9m (163'9&quot;)Overmarine Group SPA2012">Royale X</a>, a 49.9-metre Mangusta yacht that has redefined how his family experiences the Mediterranean. <img src="https://photo-assets.superyachttimes.com/photo/367574/image/large-946d4c233c9ecedda022b0dc7bc580df.jpg" data-gid="gid://syiq/Photo/367574">Launched in 2012, <a data-gid="gid://syiq/Yacht/2951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royale X49.9m (163'9&quot;)Overmarine Group SPA2012">Royale X</a> is part of <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a>’s Mangusta 165 series, a platform renowned for its speed, low profile and distinctive Italian styling. Now offered to the charter market for the first time, <a data-gid="gid://syiq/Yacht/2951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royale X49.9m (163'9&quot;)Overmarine Group SPA2012">Royale X</a> is more than a high-speed cruiser. With an ambitious cruising track record and a layout refined through experience, she reflects the priorities of a hands-on owner: comfort, flexibility and, above all, the freedom to move. We spoke with her owner to find out how he fit an expansive Mediterranean tour into only a month and to understand why he thinks that sets the yacht apart. <img src="https://photo-assets.superyachttimes.com/photo/271359/image/large-5d40be1faa32636734c08bad1fcdb44a.jpg" data-gid="gid://syiq/Photo/271359">A four-week grand tourIn just four weeks, <a data-gid="gid://syiq/Yacht/2951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royale X49.9m (163'9&quot;)Overmarine Group SPA2012">Royale X</a> completed an ambitious Mediterranean itinerary that would have been logistically unfeasible for most displacement yachts. Embarking in Monaco, the crew collected the owner in Portofino before cruising south via Elba, Corsica and Sardinia. An extended stay beneath Capri’s dramatic limestone cliffs was followed by a passage past Stromboli to Taormina in Sicily, and onwards to the Ionian Islands in Greece, with pauses at Zakynthos, Ithaka and Anti Paxos, before turning north to Montenegro and Croatia, where the voyage concluded in Dubrovnik.“It was probably the best of Italy, the best of the Ionian and the Croatian coast – all in one cruise,” the owner reflects. “We covered a huge amount of ground, but it never felt rushed. That’s what this boat makes possible.” Cruising comfortably at 25–30 knots, <a data-gid="gid://syiq/Yacht/2951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royale X49.9m (163'9&quot;)Overmarine Group SPA2012">Royale X</a> can achieve in hours what other yachts require a full day to cover. The 100-nautical-mile passage from Monaco to Portofino, for instance, took just four hours – a journey that would take double that for most vessels.<img src="https://photo-assets.superyachttimes.com/photo/368442/image/large-419c5a1f868642b4c3fe67a399d82bbb.jpg" data-gid="gid://syiq/Photo/368442">Flexibility was key. The ability to adapt to weather or shift plans spontaneously made the experience all the more enjoyable. “We tend to plan as we go. If the weather’s not great where we are anchored, we have the flexibility to move elsewhere quickly. If something looks promising on the chart, we make a detour. You’re not locked into a rigid itinerary.”This responsiveness, paired with a shallow draft and high cruising speed, allowed <a data-gid="gid://syiq/Yacht/2951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royale X49.9m (163'9&quot;)Overmarine Group SPA2012">Royale X</a> to access small harbours and anchorages that many tri-deck yachts simply cannot reach. “We’ve taken her into places like Bonifacio, Portoferraio, Hvar – even backed her into Portofino. That’s a real experience, arriving at those spots by sea in a yacht of this size.”<img src="https://photo-assets.superyachttimes.com/photo/367659/image/large-8932eb38eb98815ce07278dc03827d06.jpg" data-gid="gid://syiq/Photo/367659">Capable of speeds over 30 knots, <a data-gid="gid://syiq/Yacht/2951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royale X49.9m (163'9&quot;)Overmarine Group SPA2012">Royale X</a> has been designed to make the most of every moment aboard. “We’re often travelling with limited time, just a few weeks, sometimes days. Being able to move quickly between locations changes the whole dynamic. From Monaco, you can be in Saint-Tropez in just over an hour, or dash across to Portofino for lunch. That opens up destinations most people would rule out for a short trip.” <img src="https://photo-assets.superyachttimes.com/photo/367664/image/large-73c5e0e34d6a141c5f019e8986ce01bd.jpg" data-gid="gid://syiq/Photo/367664">While her performance is impressive, comfort has not been sacrificed. The yacht features four guest staterooms, including a full-beam master suite, as well as a fifth convertible cabin that doubles as a cinema lounge. Recently updated, this space now features a full bed and privacy curtain, ideal for families travelling with children or extra guests. Importantly, this adjustment was made without removing the onboard gym, maintaining wellness facilities that are often the first to go on similar refits.“She’s not configured for large parties, we cruise as a family, usually just the five of us. But the layout works brilliantly. The cinema can be set up for guests, and we still have a proper gym. It’s balanced.”Noise and vibration levels are also notably low, even at speed, particularly with the new set of gyroscopic stabilisers. “We’ll often watch movies in the master at night while underway. You don’t notice the motion, it’s very smooth.”What the owner values most, however, is the sense of proximity to the water. “I’ve been on a lot of yachts where you feel quite detached – you’re up high, behind glass, away from the sea. This is different. You really feel like you’re part of the journey.”<img src="https://photo-assets.superyachttimes.com/photo/367571/image/large-9ffd197f2db7188bdc9a807b27196bd1.jpg" data-gid="gid://syiq/Photo/367571">That connection is especially apparent on the sun deck and the forward lounging area, where new awnings now allow for shaded relaxation just metres from the sea. “That front area’s become a favourite of ours. You’re right there at the bow, low to the water, watching the coastline slip by.”The aft deck, too, offers wide views and clean sightlines, especially when manoeuvring in or out of port. “It’s a practical deck, but it’s also emotional – you feel the movement of the boat, the close link with the sea. That’s hard to find on larger yachts.”Though discreet by nature, <a data-gid="gid://syiq/Yacht/2951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royale X49.9m (163'9&quot;)Overmarine Group SPA2012">Royale X</a> has earned quiet recognition among those who understand performance. She shares her model line with another Mangusta favoured by a well-known Formula One team principal – a detail not lost on her owner.“It’s not something we shout about, but it says a lot. Someone who leads a high-performance racing team chose the same model, clearly, they saw the same potential in the platform.”That connection reinforces what the owner has come to appreciate first-hand: the Mangusta 165 is a yacht built for action, not just appearance.“It’s not about being seen,” he says. “It’s about being able to see. To experience more. To go further and faster without being weighed down by a slow, heavy platform. That’s why we chose her and why we’re excited for others to do the same.”<img src="https://photo-assets.superyachttimes.com/photo/271376/image/large-fd1f4873c11279a94d8a50010db5e831.jpg" data-gid="gid://syiq/Photo/271376">For those seeking a charter experience shaped by real ownership insight, where performance, comfort and freedom intersect, <a data-gid="gid://syiq/Yacht/2951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royale X49.9m (163'9&quot;)Overmarine Group SPA2012">Royale X</a> offers a rare opportunity. She is a yacht for guests who value movement, intimacy and access. Whether it's a high-season sprint along the Riviera or a month-long exploration from Monaco to Montenegro, <a data-gid="gid://syiq/Yacht/2951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royale X49.9m (163'9&quot;)Overmarine Group SPA2012">Royale X</a> delivers on her promise: to open up more of the Mediterranean, more quickly and with style.

Royale X high-speed Mangusta 165

We take a look at Royale X and her Mediterranean capabilities for charter.

Ownership insight: Exploring the Med at speed aboard 50m Royale X

Launched in 2011 by <a data-gid="gid://syiq/Company/2343" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phithak Shipyard and Services (Company)">Phithak Shipyard</a>, the 31.6-metre sailing yacht <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a> is a striking aluminium sloop designed by <a data-gid="gid://syiq/Company/213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sparkman & Stephens, Inc. (Company)">Sparkman &amp; Stephens</a>. Since 2018, she has been the pride and joy of her current owner, who acquired her with a long-term vision to combine exploration with environmental stewardship. In this interview, her owner Philip Hermans shares the story of his time onboard – from scientific ambitions to family adventures – and reflects on the yacht's enduring qualities.<img src="https://photo-assets.superyachttimes.com/photo/361817/image/large-e03a26e2adfc6f68ceb344cccc48ec48.jpg" data-gid="gid://syiq/Photo/361817">What inspired you to purchase <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a>? Was it love at first sight, or did you have a specific vision in mind when searching for a yacht?From an early age, I was drawn to the sea. I started sailing dinghies and small yachts before life and work took precedence. While based in Singapore with my family, we enjoyed unforgettable sailing holidays across the Pacific – from Tahiti to Tonga, and throughout Southeast Asia.In that period, I pursued competitive sailing with an X99, leading a crew to victory in the International Straits Regatta Cup. But my ultimate dream was to own a large yacht for retirement – one that would allow me to explore remote waters and combine cruising with scientific research.My vision included using the yacht for a programme focused on sustainability and marine science, particularly phytoplankton and microplastics. I maintained ties with my alma mater, the Free University of Brussels, which recognised my efforts in bridging academia and industry.The yacht also had to be safe and comfortable enough for my wife, Kristin, who was initially hesitant about life at sea. We began searching in late 2017 and soon discovered <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a> in Phuket. Her robust build, elegant design, and proven charter record immediately captivated us. It truly was love at first sight. Though I hadn’t yet retired, we chose to acquire her, retain the crew and charter operation, and begin preparations for our long-term project, Pacific Passion. Our adventure officially began in January 2018.<img src="https://photo-assets.superyachttimes.com/photo/361818/image/large-8a0f5c00293d8350728d850c0ad81fb7.jpg" data-gid="gid://syiq/Photo/361818">What were the key features that initially drew you to <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a>? How does her design enhance comfort, performance, or style?<a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a>’s pedigree was instantly apparent. Designed by <a data-gid="gid://syiq/Company/213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sparkman & Stephens, Inc. (Company)">Sparkman &amp; Stephens</a> and built to American Bureau of Shipping standards, she boasts an aluminium hull and topsides, a Maxspar carbon mast and boom, and top-tier sailing systems by Harken, all hydraulically powered.The technical specifications were impressive, including <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> propulsion, <a data-gid="gid://syiq/Company/4062" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raymarine UK Ltd (Company)">Raymarine</a> electronics, and a 16-foot Castoldi (now Williams) diesel-jet tender. But what truly stood out were the lifestyle features: a well-appointed galley, hotel-quality mattresses, an entertainment system, and a suite of water toys from paddleboards to scuba equipment.The yacht’s beam and freeboard create a sense of spaciousness, enhanced by the two-deck interior layout with high-quality finishes. Crew quarters and a large lazarette with platform access were practical additions, while the full-sized engine room was a rare asset for a vessel of this length.Safety was another strength, with bulkhead doors ensuring watertight compartments and a robust firefighting system. The total package made <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a> an ideal platform for both exploration and refined living.<img src="https://photo-assets.superyachttimes.com/photo/361813/image/large-2bb5cab537f2fedcb6ab0a93b79015a4.jpg" data-gid="gid://syiq/Photo/361813">Did you make any modifications or upgrades to <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a>? How did these changes improve your experience on board?Since her acquisition, <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a> has undergone extensive upgrades – both technical and cosmetic – to support the Pacific Passion project. These enhancements significantly improved safety, performance, and liveability.We installed the latest Raymarine Axiom navigation systems, upgraded communications for global operation (A1 through A4 areas), and fitted a high-capacity internet system with dual Starlink terminals for redundancy. Her sailing rig was completely overhauled under the guidance of Maxspar’s owner, improving efficiency and reliability.Sustainability was a major focus. We added custom solar panels generating 4 kWp, upgraded the battery system to 21 MG LiFePO4 units, and ensured full AC and DC coverage across the vessel. The <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engine and gensets were overhauled to zero engine hours.Further improvements included a full Sonos audio system, upgraded TVs and server-based entertainment, and new galley appliances. We also invested in a comprehensive MCA1905 Cat A 10 medical chest, covering all foreseeable first-aid scenarios. Altogether, these upgrades exceeded €1 million, positioning <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a> as a highly capable and self-sufficient yacht ready for extended cruising.<img src="https://photo-assets.superyachttimes.com/photo/361815/image/large-a520dbec73646b9493ff87a9c6e1d25b.jpg" data-gid="gid://syiq/Photo/361815">Where have you sailed with <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a>? Any favourite destinations or hidden gems?Pre-retirement, our cruising time was limited to a few weeks annually. During that period, we explored Southeast Asia – from Indonesia’s Anambas Islands to the Philippines’ Palawan region and the waters around Phuket.Retirement allowed us to expand our horizons. We cruised across Indonesia to Bali, Lombok, Komodo, and Flores, and ventured as far as West Papua. Each leg revealed new highlights, from pristine coral reefs to quiet anchorages untouched by tourism. The diversity and beauty of the region were astounding.<img src="https://photo-assets.superyachttimes.com/photo/361816/image/large-249cc8eec9c56ef9c11ca5c1a3d30858.jpg" data-gid="gid://syiq/Photo/361816">Do you have a standout memory that captures the essence of life aboard <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a>?Life on board has been defined by quiet rituals and awe-inspiring moments. One of my favourites is waking just before dawn to watch the world awaken from the deck – a peaceful, energising way to start the day.Evenings were similarly treasured, with a sundowner in hand an hour before sunset, reflecting on the day’s adventures. Perhaps the most unforgettable chapter was our time in Raja Ampat, Indonesia. The biodiversity, warm waters, and dramatic landscapes created a sense of wonder I’ve rarely experienced elsewhere. We stayed for two months and plan to return for another three to explore Misool and the remote Forgotten Islands.<img src="https://photo-assets.superyachttimes.com/photo/361814/image/large-a1c2a34d43e4cbe2b5fc1417d3a5c766.jpg" data-gid="gid://syiq/Photo/361814">How does <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a> perform under sail and power? Any notable experiences in different sea conditions?<a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a> performs admirably under both sail and engine. We typically switched to motor power if the speed dropped below five knots in under 12 knots of wind. In favourable conditions, she reached speeds of up to 11.5 knots under sail – impressive without a spinnaker or gennaker.Under power, the optimal cruising RPM is 1250, consuming 20 to 22 litres per hour for a consistent seven-knot pace. This proved ideal for passage planning. Her high freeboard and displacement contribute to a smooth ride even in challenging sea states. She has comfortably handled wave heights up to four metres, and our seasoned captain – who also sailed with <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a>'s first owner – has reported no concerns, even during squalls typical of the region.<img src="https://photo-assets.superyachttimes.com/photo/361809/image/large-ee450b94b2af8f30788a76045d91c4ea.jpg" data-gid="gid://syiq/Photo/361809">What’s motivating the sale of <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a>, and what kind of owner do you believe would be her perfect match?The sale follows a fulfilling execution of the Pacific Passion project. Initially planned as a four-year circumnavigation including Alaska, Antarctica, and the Americas, the programme was revised due to Kristin’s discomfort with harsh conditions in higher latitudes.We opted instead to focus on tropical cruising between 15° North and 10° South – a region with warm, safe waters and rich cruising grounds. This revision brought the end date forward to December 2025.To date, we’ve sailed over 16,500 nautical miles. As our family shifts priorities – including time with grandchildren – it feels like the right moment to pass the torch. The ideal next owner will be someone who values craftsmanship, engineering excellence, and the joy of discovery. <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a> offers a turnkey solution for those seeking adventure without compromise.<img src="https://photo-assets.superyachttimes.com/photo/361811/image/large-9e18768a0353c7fdc1bda3033273ea9c.jpg" data-gid="gid://syiq/Photo/361811">If you could summarise your ownership experience in one sentence, what would it be? And what advice would you give the next owner?Owning <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a> has been a deeply enriching experience – a chance to explore the world slowly, thoughtfully, and comfortably, all while reconnecting with nature and the people I hold dear.To her next custodian: cherish the moments, respect the sea, and embrace the freedom she offers. <a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a> is more than a yacht – she’s a vessel for transformation, reflection, and unforgettable memories.<img src="https://photo-assets.superyachttimes.com/photo/361808/image/large-b72ee5227309dd33e521aceb8da5fa52.jpg" data-gid="gid://syiq/Photo/361808"><a data-gid="gid://syiq/Yacht/3744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silverlining31.6m (103'8&quot;)Phithak Shipyard and Services2011">Silverlining</a> represents far more than her specifications or pedigree. She is a proven platform for exploration, a home at sea, and a testament to the thoughtful stewardship of her current owner. Now offered for sale with <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a>, she is ready to inspire her next chapter – and her next owner – with the same grace, performance, and purpose that have defined her journey so far.

Silverlining yacht owner interview

Philip Hermans shares the story of his time onboard from scientific ambitions to family adventures and reflects on the yacht's enduring qualities.

“Discovering the world, one sunrise at a time”: Life aboard the 32m yacht Silverlining

The 33.2-metre <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> – Greek for “swordfish” – was originally built in 1974 by <a data-gid="gid://syiq/Company/548" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chantier de L'Estérel (Company)">Chantier de l’Estérel</a>. Her naval architecture was penned by <a data-gid="gid://syiq/Company/549" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="André Mauric (Company)">André Mauric</a>, while her exterior and interior design took shape on the drawing boards of <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Jon Bannenberg</a>, lending her a timeless charm.<img src="https://photo-assets.superyachttimes.com/photo/344728/image/large-87def9ff9f1cde07fec070a7ee8c81c3.jpg" data-gid="gid://syiq/Photo/344728">In the early 2000s, <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a>, the only <a data-gid="gid://syiq/Company/548" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chantier de L'Estérel (Company)">Esterel</a> 105 model in existence, underwent several refits. Her most recent transformation however, began in 2022, upon her acquisition by new owners, Mr and Mrs Kourtesis. Under the guidance of <a data-gid="gid://syiq/Company/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Apostolos Molindris & Associates (Company)">Apostolos Molindris</a>, <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> was gutted and rebuilt with completely new interiors, while her original engines were refurbished.<img src="https://photo-assets.superyachttimes.com/photo/348777/image/large-1fbf35146c392175691975a57de64d86.jpg" data-gid="gid://syiq/Photo/348777">In April 2024, her most recent and significant refit was completed in Perama, Greece. With a new lease of life, the yacht has now also been made available for charter through <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>. In this interview, Mr Kourtesis shares his family’s experience of owning and refitting this classic motor yacht.<img src="https://photo-assets.superyachttimes.com/photo/348772/image/large-cb9b179967a1d49c0364ab7dafb58a4c.png" data-gid="gid://syiq/Photo/348772">How did you get into yachting, and what inspired you to purchase Xiphias?My life and career have always revolved around the sea. As a sea captain in the merchant marine fleet, coming from Andros Island – a place with a deep maritime tradition – I grew up with great respect for the art of shipbuilding and the sea in general. <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> represents a perfect harmony between my work and personal passion – a vessel with a rich history and cultural significance that demanded our care.<img src="https://photo-assets.superyachttimes.com/photo/234703/image/large-3e78ee54c3f786e9e7f4713f6844333f.jpeg" data-gid="gid://syiq/Photo/234703" 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);">Our family’s decision to own a superyacht had to do specifically with <a data-gid="gid://syiq/Yacht/4171" href="https://sya.superyachttimes.com/news#managed-by-system" target="_blank">Xiphias</a>, not just any yacht. She is a piece of history, representing timeless craftsmanship. <a data-gid="gid://syiq/Company/17" href="https://sya.superyachttimes.com/news#managed-by-system" target="_blank">Jon Bannenberg</a>’s design speaks for itself. It embodies a refined elegance that few can replicate. She stood out not only for her undeniable beauty but also for the legacy she carries, which resonates with our family’s roots and values.<img src="https://photo-assets.superyachttimes.com/photo/344738/image/large-951bbc2327f5da620be21abe0a2e3e5d.jpg" data-gid="gid://syiq/Photo/344738" 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;">Her connection to Andros and her former owners’ made her acquisition even more meaningful to our family. Growing up, we admired <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> as she graced the waters during her time with her original owners. The sight of her approaching the port of Andros Chora would spark a wave of excitement across the island—especially among the children. For us, <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> is more than a yacht; she is a cherished symbol of our childhood and a deep connection to our roots. This was more than a purchase; it was a commitment to preserving something extraordinary.What guided your decision to refit Xiphias, and what was the scope of the work done?We felt the responsibility to restore <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> to her former glory while equipping her to meet the demands of modern yachting. It was about respecting her heritage, honouring her design, and ensuring she remained a safe, comfortable, and exceptional vessel for years to come. This was not a project of convenience but one of passion and respect, driven by the belief that a yacht like <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> deserves nothing less than excellence.<img src="https://photo-assets.superyachttimes.com/photo/344814/image/large-19e0c66afb15588965506f83d80ffd32.jpg" data-gid="gid://syiq/Photo/344814">The refit was extensive, addressing both structural and aesthetic elements. We reinforced the aft deck with a steel structure, replaced all teak decks, added a new exterior staircase, modernised the bridge with state-of-the-art systems, and installed zero-speed stabilisers to enhance comfort at anchor.Internally, the interiors were redesigned to reflect a modern yet understated luxury, staying true to <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Bannenberg</a>’s original vision. Every decision was influenced by a commitment to balance tradition with innovation, ensuring <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> retained her authenticity.<img src="https://photo-assets.superyachttimes.com/photo/344795/image/large-0117d88cf354f1823f549dc9cf6bd47a.jpg" data-gid="gid://syiq/Photo/344795" 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);">What collaborators did you work with during this process, and what was your experience like?We had the privilege of working with <a data-gid="gid://syiq/Company/300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Apostolos Molindris & Associates (Company)">Apostolos Molindris</a>, the man behind the refit of <a data-gid="gid://syiq/Yacht/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christina O99.15m (325'4&quot;)Canadian Vickers1943">Christina O</a>, another iconic yacht with a similar heritage. He was responsible for the interior design, and a skilled team of shipyard professionals worked on the technical and structural aspects.<img src="https://photo-assets.superyachttimes.com/photo/344788/image/large-fe2a18ccd9acb8566345d46f049dde77.jpg" data-gid="gid://syiq/Photo/344788">Among them was <a data-gid="gid://syiq/Company/5524" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mistral Composites SA (Company)">Mistral Limited</a> and their project-in-charge, Pepe, whose dedication and craftsmanship ensured that every detail was executed to the highest standard. Their expertise and shared respect for <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a>’ heritage made them invaluable partners. The process was demanding, but the outcome exceeded our expectations and made us proud.What was the most surprising challenge you encountered during the refit, and how was it overcome?Balancing the yacht’s historical integrity with modern updates was the most significant challenge. Preserving her unique design required a meticulous approach, particularly when integrating new technologies and amenities. Through careful planning and close communication with the team, we ensured that every decision respected the yacht’s legacy. The result is a seamless blend of heritage and modernity that we are proud to share with the world.<img src="https://photo-assets.superyachttimes.com/photo/344806/image/large-6697e887e8b1125e514337ba22c4e2a6.jpg" data-gid="gid://syiq/Photo/344806" 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;">How has the refit enhanced your experience onboard?The refit has elevated <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> to an entirely new level. The technical upgrades, such as the zero-speed stabilisers and a fully electronic bridge, along with state-of-the-art smart suite integration by <a data-gid="gid://syiq/Company/3897" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crestron (Company)">Crestron</a>, have improved performance and safety. Meanwhile, the redesigned interiors and expanded deck spaces provide an atmosphere of comfort and elegance. <img src="https://photo-assets.superyachttimes.com/photo/348779/image/large-e7e14a346c7707354d8be3a44e77256b.jpg" data-gid="gid://syiq/Photo/348779"><img src="https://photo-assets.superyachttimes.com/photo/348775/image/large-70f235d6b7204f11160f4268b136b532.jpg" data-gid="gid://syiq/Photo/348775" 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);">Sailing <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> now is a unique experience that combines the charm of a classic yacht with the sophistication of contemporary yachting. Spending time in Andros in particular feels like a homecoming, uniting the yacht’s story with the island’s rich maritime tradition.&nbsp;Beyond Andros, as a family, we enjoy venturing to quieter parts of the Aegean, where the natural beauty and tranquillity of the sea remind me why I have dedicated my life to it. Every journey aboard <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> is an opportunity to reconnect with the essence of yachting and the timeless allure of the sea.<img src="https://photo-assets.superyachttimes.com/photo/344754/image/large-b4d3e0ff013e47921cdaf07a5d754bda.jpg" data-gid="gid://syiq/Photo/344754">What impact has the refit had on the popularity of charters onboard Xiphias?Since the refit, <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> has gained significant recognition as a charter yacht. Her compact size and remarkable fuel efficiency make her ideal for charter, enabling smooth navigation through shallow waters and granting access to secluded bays often unreachable by larger yachts.<img src="https://photo-assets.superyachttimes.com/photo/344775/image/large-225e15cac356006397dc78e20f74f255.jpg" data-gid="gid://syiq/Photo/344775" 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;">Despite her size, <a data-gid="gid://syiq/Yacht/4171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xiphias33.2m (108'11&quot;)Chantier de L'Estérel1974">Xiphias</a> boasts an impressive interior volume of 147 GT, offering guests the comfort of expansive living spaces, complemented by generously proportioned decks perfect for relaxation or socialising.Her classic aesthetic, combined with her enhanced amenities and the crew’s exemplary hospitality, makes her a sought-after option for discerning clients. She offers a rare combination of historical significance, modern luxury, and the ability to explore the unique beauty of the sea, which has undoubtedly contributed to her growing popularity.<img src="https://photo-assets.superyachttimes.com/photo/344781/image/large-fc226af22168729cf552d0d7ba0476ba.jpg" data-gid="gid://syiq/Photo/344781">Do you have any advice for first-time yacht owners, especially those considering a refit?My advice is to approach yacht ownership and refitting with patience and respect for the vessel’s character. A yacht is not merely a possession; it is a legacy. Surround yourself with experts who share your vision and understand the balance between preserving history and embracing modernity. Success lies in meticulous planning, clear communication, and a commitment to maintaining the vessel’s unique identity.This article was first published in&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-52" rel="noopener noreferrer" target="_blank" title="">Issue 52 of the SuperYacht Times newspaper, available for download at this website.</a>

Owner Insight: Mr Makis Kourtesis on restoring 33.2m Xiphias

Owner Mr Makis Kourtesis on the joys and challenges of refitting the 33.2-metre Xiphias.

Restoring a legacy: Mr Kourtesis on his 33m yacht Xiphias

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

TISG: Florence court removes protections affecting five yacht contracts

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

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

The 27.1-metre <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> motor yacht <a data-gid="gid://syiq/Yacht/11264" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exit27.1m (88'11&quot;)Sunseeker2023">Exit</a> has been sold. Jonathan Lafortune of <a data-gid="gid://syiq/Company/4666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lafortune Yachts (Company)">Lafortune Yachts</a> introduced the buyer, while Filip Jerolimov of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/348913/image/large-3e4bc3cf0b85982a7e7c677bb64cfbe8.png" data-gid="gid://syiq/Photo/348913">Delivered in 2023, <a data-gid="gid://syiq/Yacht/11264" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exit27.1m (88'11&quot;)Sunseeker2023">Exit</a> features exterior and interior design and naval architecture penned in-house by Sunseeker. Her design combines modern styling with outdoor living.She can accommodate up to nine guests across four well-appointed staterooms. Her layout comprises a master suite which can be expanded to incorporate the adjacent guest suite. Moving outside, Exit’s flybridge is fitted with alfresco dining, a Jacuzzi and spacious exterior deck spaces.&nbsp;In terms of propulsion, <a data-gid="gid://syiq/Yacht/11264" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exit27.1m (88'11&quot;)Sunseeker2023">Exit</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, giving her a cruising speed of 20 knots and a top speed of 26 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/11264" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exit27.1m (88'11&quot;)Sunseeker2023">Exit</a> had a last known asking price of €5,200,000.Photo courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

Sunseeker yacht Exit sold

The 27.1-metre Sunseeker motor yacht Exit has been sold.


27m Sunseeker motor yacht Exit sold

Project YB256 is a 45-metre steel and aluminium motor yacht under construction at <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort Shipyard</a> in the Netherlands. The first collaboration between the family-run yard and <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design Naval Architects</a>, the yacht’s retro styling masks a modern and highly capable cruiser engineered for long-distance voyaging.<img src="https://photo-assets.superyachttimes.com/photo/396216/image/large-6096248c4df8137326bee068ed36838f.jpg" data-gid="gid://syiq/Photo/396216">The impossibly picturesque village of Monnickendam on the western shore of the Markermeer, a vast freshwater reservoir not far from Amsterdam, has been home to the <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort Shipyard</a> for more than a century. Wedged into a narrow strip of dockland between the old town centre and the water’s edge, space is as precious as the custom yachts it builds, but over the years the management has perfected a choreography of space and timing to ensure multiple projects can progress without tripping over one another.“<a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a> is just a few kilometres down the road and we’ve often wanted to work with them, but the stars never aligned,” affirms Klaas Hakvoort, fourth generation director of the shipyard with his brother Albert Jr. “In this case, the client wanted Dutch pedigree, was happy with our pricing, and the complexity of the project was a perfect match for a custom builder like us.”<img src="https://photo-assets.superyachttimes.com/photo/396206/image/large-71da8891dd01ddb5eed6ecc0455c82e1.jpg" data-gid="gid://syiq/Photo/396206">Project YB256 was inspired by <a data-gid="gid://syiq/Yacht/6037" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blue II55.99m (183'8&quot;)Turquoise Yachts2020">Blue II</a>, the 56-metre expedition vessel with classic lines by <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a> launched by <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise Yachts</a> in 2020. <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a> partners Andre Hoek and Ruurt Meulemans translated the client’s admiration for the retro-influenced yacht into a more compact platform that would echo the same timeless elegance free of nostalgic mimicry, while embracing modern technology and efficiency. The owner’s exacting brief included full wheelchair accessibility, an elevator connecting all deck levels, and transatlantic capability.“The hull and superstructure were conceived to balance classic proportions with today’s efficient hydrodynamics,” says Ruurt Meulemans. “Computational fluid dynamics [CFD] analysis informed every curve, refining the bow shape and optimising volume distribution to reduce resistance as much as possible and improve wake flow to the twin propellers. The objective was a smooth, efficient ride across a transatlantic cruising envelope of close to 4,000 nautical miles – no small achievement for a vessel under 400 gross tons.“<img src="https://photo-assets.superyachttimes.com/photo/396218/image/large-f219694742e3fedf1f00ff2c0b5c4003.jpg" data-gid="gid://syiq/Photo/396218">Meeting these requirements called for some clever engineering based on robust, proven solutions. Finite element analysis (FEA) guided the placement of bulkheads, stringers, and the keel to ensure structural integrity under long passages without compromising interior volume. The challenge was compounded by hybrid-assisted propulsion comprising twin 1,000-hp MAN diesel engines paired with electric motors and supported by a lithium-ion battery bank.The system integrated by <a data-gid="gid://syiq/Company/3869" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Eekels Technology BV (Company)">Eekels Technology</a> allows for flexible operational modes. Electric mode provides a few hours of silent propulsion at low speed, ideal for manoeuvring in harbours or environmentally sensitive zones. In diesel mode the electric motors can function as shaft generators to reduce fuel burn on extended passages. The electric motors also add redundancy for additional peace of mind far from home. <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort</a> had direct experience of the latter: during sea trials of 61-metre <a data-gid="gid://syiq/Yacht/8621" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia61.0m (200'2&quot;)Royal Hakvoort Shipyard2024">Asia</a>, an electrical fault caused an engine shutdown, but the gearbox-mounted e-motors allowed the crew to manoeuvre safely away from an offshore wind farm.<img src="https://photo-assets.superyachttimes.com/photo/396210/image/large-bfbd4613c1cb6d84c9fb37fa9b5d37a0.jpg" data-gid="gid://syiq/Photo/396210">The battle for spaceA signature feature of the yacht is the continuous ribbon of wraparound glazing on the main and bridge decks – 17 tonnes of it. The bulwarks are also glass and the hull windows incorporate a dot-fade pattern that blends with the white hull from a distance. Combined with the classic sheer line and bronze-metallic funnel, the green-tinted glass adds a touch of understated elegance that hints at an era that never quite existed – but should have. The wheelhouse windows are not full-height, but the aluminium surfaces beneath will be clad with glass and the same green reflective finish to create the visual effect of uninterrupted glass.&nbsp;Extensive glazing has a downside, however: heat. Solar load becomes a critical issue, especially for a yacht destined for hot climates. One option is to increase HVAC capacity, but a smarter one is to engineer better insulation. <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Hakvoort</a> chose the latter. A two-year development programme with glass specialist Royal-Maritiem sought the ideal balance of solar control, privacy, clarity, structural strength, and colour uniformity. Each double-glazed laminated pane is filled with argon gas and coated with a low-emissivity metal film tuned to deliver the desired green tint. The result is a 50 precent reduction in heat transfer compared to conventional marine glass.<img src="https://photo-assets.superyachttimes.com/photo/396219/image/large-043a6cfbb4c2ee18f77e9eca62c4d295.jpg" data-gid="gid://syiq/Photo/396219">But heat is not the only issue. Full-height windows also eliminate the storage units and hidden cavities normally used to route ducting, wiring, and AC trunking, pushing the technical infrastructure inward. As a result, space became the defining constraint and the build team had to fight for every cubic centimetre. <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a> has deep experience of designing sailboats where space is always at a premium, but it was up to the shipyard to find ways to integrate complex systems into tight envelopes.“Nothing fitted, so we had to make it fit,” says Klaas, which could be the unofficial motto of the project. “By the time everything is installed, the engine room will be very full, but accessible and maintainable. Not cluttered – engineered.”The electrical switchboards span the full height of the engine from port to starboard across, an unavoidable result of the hybrid system. The engine room itself relies on seawater-fed heat exchangers because there wasn’t room for conventional air-cooling systems. The pool doubles as a tender bay with a dump tank and its own dedicated crane compartment that closes flush with the teak deck. Under the sunbed on the foredeck is a two-storey garage for the crew tender and a pair of PWCs. Add the elevator, wider side decks and interior passages sized for wheelchair access, and every available every void had to serve a purpose.<img src="https://photo-assets.superyachttimes.com/photo/396209/image/large-486995c89e482f3860ee5f1204771fb6.jpg" data-gid="gid://syiq/Photo/396209">Hidden in plain sightThe metallic bronze faux funnel is more than a charming styling cue; it also highlights the kind of engineering concealment that defines the whole project. Since the yacht has underwater exhausts, there was no need for a traditional dry stack – nor was there space to route ducting up to one. Instead, the funnel became the home of the fresh-air unit that draws in and purifies outside air for the HVAC system. Fitting it inside that tight volume meant some early design assumptions had to be reworked.&nbsp;Routing the air quietly around the yacht from high up in the vessel posed further challenges. The onboard noise targets are uncompromising and the owner’s suite is engineered for a harbour maximum of 44 decibels, although <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Hakvoort</a> typically achieves lower. Underway, the expected levels sit in the low 50s – quiet enough that the only audible sound should be the soft splash of water along the hull. Modern superyachts achieve such low mechanical noise levels that airflow has become the primary acoustic concern, not the engines or generators.<img src="https://photo-assets.superyachttimes.com/photo/396212/image/large-a2aeb88e2ca030f7dc36a4bed74abb21.jpg" data-gid="gid://syiq/Photo/396212">“You won’t hear machinery these days – you’ll hear air moving through the ducting,” confirms Klaas. “That’s why we focus obsessively on silencing ducts, bends and terminations.”Consider the HVAC ducting for the crew quarters. To reach the lower deck forward, it has to pass under the bed in the owner’s stateroom, negotiating several dog-leg bends in the process. Air accelerates noisily through tight turns due to mass conservation and pressure shifts, so the yard routinely uses flexible elbow sections with larger diameters and internal damping to reduce turbulence and suppress sound. <img src="https://photo-assets.superyachttimes.com/photo/396214/image/large-892daf254a9606fb0d0d5fed5e58dda4.jpg" data-gid="gid://syiq/Photo/396214">Elegance with an edgeThe aluminium superstructure was built at <a data-gid="gid://syiq/Company/5231" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alu-bouw Fryslân BV (Company)">Alubouw Fryslan</a> in Franeker and joined to the steel hull at Buijs Shipyard – the hull builder – before being towed to Monnickendam, but <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort</a> has its own joinery division and stainless-steel department that produce most of the fixed furniture and deck hardware in-house. Klaas points out the custom-engineered hinges used for the exterior doors as an example of the shipyard’s hands-on approach. During development, these hinges were tested in the most practical way imaginable: by suspending 40 kg weights to a toilet door heavily used by shop-floor workers. Any weaknesses that surfaced were corrected before installation.&nbsp;Another example is the aluminium hull platform that folds out from the topsides amidships and connects to the main deck by way of a boarding ladder for tender access. The platform being assembled in the metalworking department uses a hydraulic rotary or slew drive – more compact than conventional rams and able to generate high torque in tight spaces, it is a solution that has been refined by <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Royal Hakvoort</a> over years of building canoe-stern vessels.<img src="https://photo-assets.superyachttimes.com/photo/396211/image/large-9d9af2d4a7ba3a495473f7ac81ad923c.jpg" data-gid="gid://syiq/Photo/396211">Although capable of crossing the Atlantic, YB256 will primarily be used for short, comfortable runs with the frequent returns to port and high hospitality demands typical of most operational profiles. Every aspect of the interior has been conceived with wheelchair accessibility in mind, including a transformer-style platform in the stern. Guest and crew flows remain fully separated, which is not always the case on yachts of this size. The lower deck houses two full-beam VIP suites arranged around the main lobby and elevator; a third space will be used as an office/gym with a built-in recess for a running machine. The bridge deck is reserved for the owner’s sky lounge, while the captain’s cabin has been relocated to the lower deck. Crew areas have been configured to maximise discretion and operational efficiency with service and storage areas scaled to support day-use cruising.After touring the shipyard and the yacht, the lasting impression is that YB256 is not just a modern yacht in retro clothing. It is a study in constraint-driven design and smart engineering by a shipyard for whom “custom” is a vocation, not a marketing term. Its timeless elegance is more than skin deep, the result of many difficult decisions made in the belief that contemporary and classic can comfortably coexist – both in appearance and in engineering.<img src="https://photo-assets.superyachttimes.com/photo/396220/image/large-95656d748cc09cc4e461acdaecb835d0.jpg" data-gid="gid://syiq/Photo/396220">

Inside the build of a 45m Royal Hakvoort superyacht

Inside Royal Hakvoort's Project YB256, in collaboration with Hoek Design.

<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> has announced that the 47.1-metre superyacht <a data-gid="gid://syiq/Yacht/864" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Halcyon47.1m (154'6&quot;)Feadship2001">Halcyon</a> has emerged from one of the most extensive rebuild programmes undertaken in recent years by its Refit &amp; Services division.<img src="https://photo-assets.superyachttimes.com/photo/396848/image/large-8821793a232d9fd6e300af307993cb86.jpg" data-gid="gid://syiq/Photo/396848">Launched in 2001 as Northern Lights, the yacht arrived at the Kaag facility in 2025. Initial works focused on a redesigned stern arrangement, a full repaint and a series of technical upgrades. However, it soon became clear that returning the vessel to proper standards, given her age, would require a far wider scope of intervention.<img src="https://photo-assets.superyachttimes.com/photo/396849/image/large-fc76ffca2e26a85305672b12c99c6657.jpg" data-gid="gid://syiq/Photo/396849">"When <a data-gid="gid://syiq/Yacht/864" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Halcyon47.1m (154'6&quot;)Feadship2001">Halcyon</a> arrived, we expected a major refit," said Captain Joe Gallegos. "As the project developed, it became clear that we had the opportunity to do much more. With a knowledgeable and enthusiastic owner involved, it all came together."The yacht now features major structural, mechanical, technical and cosmetic improvements, while still retaining her original build heritage.<img src="https://photo-assets.superyachttimes.com/photo/396846/image/large-3c005ecf41d31b63211896ec2b37e432.jpg" data-gid="gid://syiq/Photo/396846">Among her most visible changes is a new staircase linking her main deck to her swim platform, together with a completely renewed exterior finish across both hull and superstructure. A number of exterior elements have also been refreshed, alongside modifications made to her mast as part of her broader works.Moreover, the project extended deep into the yacht’s systems. This amounted to a full technical renewal rather than a standard refit.<img src="https://photo-assets.superyachttimes.com/photo/396847/image/large-a4569b2d5318908af6126f84b323a9f6.jpg" data-gid="gid://syiq/Photo/396847"><a data-gid="gid://syiq/Yacht/864" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Halcyon47.1m (154'6&quot;)Feadship2001">Halcyon's</a> bridge was fully updated with new equipment and related interior adjustments. Throughout the yacht, electrical systems were checked and upgraded, with new alarm, monitoring and power management systems fitted. The HVAC system was completely replaced, including new chillers, air handling units and fan coils.&nbsp;Guest and crew areas were also refreshed, including refurbished staterooms, restored marble surfaces, new blinds and updated interior finishes throughout. On deck, new teak was laid across most exterior areas. Key running gear was serviced and overhauled, including steering, shafts, bow thruster and rudders. Cold storage systems were renewed, diving equipment improved, tanks and technical rooms repainted, and her underwater hull coating fully redone after sandblasting.<img src="https://photo-assets.superyachttimes.com/photo/396850/image/large-75c81ae7c7f8ec276ac58002cfd81609.jpg" data-gid="gid://syiq/Photo/396850">The works carried out in her engine room and technical spaces were also substantial. Main engines and gearboxes were overhauled, two new generators installed, and core onboard systems replaced or upgraded. This included water production, ventilation, tank systems, sewage treatment, heating, freshwater distribution and fuel handling. Piping, wiring and supporting infrastructure were also replaced throughout the vessel.<img src="https://photo-assets.superyachttimes.com/photo/396851/image/large-cf76487ddc9091f4c992dfd8f969de75.jpg" data-gid="gid://syiq/Photo/396851">"What started as a refit became something much closer to a modified new build. The result is a classic <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>, renewed and ready for years of successful cruising,” Captain Joe concluded.<a data-gid="gid://syiq/Yacht/864" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Halcyon47.1m (154'6&quot;)Feadship2001">Halcyon</a> is now in the final commissioning phase ahead of her scheduled redelivery to her owner in July.

Feadship yacht Halcyon following refit

47m Feadship superyacht Halcyon emerges from extensive refit

<img src="https://photo-assets.superyachttimes.com/photo/396774/image/large-a930a2ff3cfa4b35df518a453ca17847.jpeg" data-gid="gid://syiq/Photo/396774">The 59.2-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/588" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Le Pharaon59.2m (194'3&quot;)Feadship1989">Le Pharaon</a> was recently seen anchored in Stabia Main Port, Castellammare di Stabia, Italy. According to AIS data, the yacht arrived from Bizerte, Tunisia, where she had been located since late last month.<a data-gid="gid://syiq/Yacht/588" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Le Pharaon59.2m (194'3&quot;)Feadship1989">Le Pharaon</a> is the second yacht to bear the name, having been commissioned by the same owner. After spending much of each year living aboard the original 55.5-metre Le Pharaon, now called <a data-gid="gid://syiq/Yacht/596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Victory55.5m (182'1&quot;)Feadship1983">Victory</a>, the owner opted to commission a larger successor tailored to extended periods of cruising.Designed by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a>, the yacht is characterised by the angular styling of her main deck superstructure and a timeless profile. Inside, the original interiors by <a data-gid="gid://syiq/Company/128" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Larvor (Company)">Larvor</a> were extensively refreshed and restyled in 2015 by designer Laura Pomponi of <a data-gid="gid://syiq/Company/2090" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luxury Projects (Company)">Luxury Projects</a>, with accommodation available for up to 12 guests.Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/588" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Le Pharaon59.2m (194'3&quot;)Feadship1989">Le Pharaon</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 that enable a cruising speed of 15.6 knots. According to <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>, both generations of <a data-gid="gid://syiq/Yacht/588" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Le Pharaon59.2m (194'3&quot;)Feadship1989">Le Pharaon</a> were conceived with highly advanced engine room arrangements designed to support long-range cruising and global exploration.

Feadship yacht Le Pharaon in Italy

The 59.2-metre Feadship superyacht Le Pharaon was recently seen anchored in Stabia Main Port.

59m classic Feadship superyacht Le Pharaon in Italy

The 26.78-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> has been sold, with Sercan Nersesoglu of <a data-gid="gid://syiq/Company/5693" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Redna Yachts (Company)">Redna</a> representing the buyer and Matthew 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> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/282928/image/large-2eec32659524312f3cdad943251a694d.jpg" data-gid="gid://syiq/Photo/282928">Delivered in 2020 by the Italian shipyard, <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> forms part of the popular Grande 27 Metri series and was previously named Dawo.Constructed with a GRP hull and superstructure, <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> has a beam of 6.59-metres and a draft of 1.45-metres.The yacht features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a>. Her naval architecture was developed in-house by her builder.At an interior volume of 145 GT, accommodation onboard <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> is arranged for up to 10 guests across five well-appointed staterooms. Four dedicated quarters are also provided for up to four crew members, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines delivering a cruising speed of 24 knots and a top speed of 28 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/11457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chillin26.78m (87'10&quot;)Azimut Yachts2020">Chillin</a> had a last known asking price of €3,999,000. Image courtesy of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>.

 27m Azimut motor yacht Chillin sold

 The 26.78-metre Azimut motor yacht Chillin has been sold with a last known asking price of €3,999,000.


The 49.98-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> motor yacht <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> has been spotted on sea trials in the North Sea, following her transport through the Netherlands earlier this week in preparation.<img src="https://photo-assets.superyachttimes.com/photo/396813/image/large-b91f23af584a7316444180ce1cfb0db1.jpeg" data-gid="gid://syiq/Photo/396813">The yacht was launched from <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen's</a> facility in Oss, the Netherlands, on 14 March and marks the fourth hull in the Dutch shipyard's 5000 Aluminium series. Construction commenced in 2023, with her aluminium hull and superstructure united in July 2024.<img src="https://photo-assets.superyachttimes.com/photo/396812/image/large-7d000f0063adbc92f318e9b2d58c7018.jpeg" data-gid="gid://syiq/Photo/396812">Penned entirely in-house, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia's</a> naval architecture is based on <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen's</a> hard-chine, shallow-draught Fast Displacement Hull Form. Her exterior design was crafted by Frank Laupman of <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a> and is finished in a distinctive Whisper Grey <a data-gid="gid://syiq/Company/1485" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Awlgrip (Company)">Awlgrip</a> paint scheme.<img src="https://photo-assets.superyachttimes.com/photo/396810/image/large-1961eda3c76187add8a6af4115b8c74d.jpeg" data-gid="gid://syiq/Photo/396810"><img src="https://photo-assets.superyachttimes.com/photo/396807/image/large-d1870b2254f1e3bdb2da557f0bd61daf.jpeg" data-gid="gid://syiq/Photo/396807">Inside, the semi-custom yacht features interiors 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>, where a sophisticated palette of sage green tones, mustard accents and warm bronze details creates an inviting atmosphere throughout.<img src="https://photo-assets.superyachttimes.com/photo/396806/image/large-fc903b7fb9906edeb7c5cc615bbf59fd.jpeg" data-gid="gid://syiq/Photo/396806"> <img src="https://photo-assets.superyachttimes.com/photo/396814/image/large-703c345b11640b9751c6d66bb4dc87be.jpeg" data-gid="gid://syiq/Photo/396814">Drawing inspiration from her name, which derives from the Greek word for wisdom, the interior concept aims to evoke a sense of refinement and understated elegance.Moreover, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> accommodates up to 12 guests across five staterooms at a volume of 499 GT. <img src="https://photo-assets.superyachttimes.com/photo/396804/image/large-14beb04d7750059930cccd1561845462.jpeg" data-gid="gid://syiq/Photo/396804">The arrangement is centred around a spacious owner's suite on the forward main deck, while the remaining guest accommodation is located on the lower deck.<img src="https://photo-assets.superyachttimes.com/photo/396649/image/large-205f426ce70968959dc26de7e55d1248.jpeg" data-gid="gid://syiq/Photo/396649"><img src="https://photo-assets.superyachttimes.com/photo/396652/image/large-546c42eb9478bab7a3c65d2890fd6cd3.jpeg" data-gid="gid://syiq/Photo/396652">Outdoor living is a key feature of the yacht's design. A generous beach club provides direct access to the water, while the main deck aft terrace offers ample space for lounging and relaxation. Guests can enjoy alfresco dining on the bridge deck aft, with additional entertaining and sunbathing areas available on the expansive sundeck.<img src="https://photo-assets.superyachttimes.com/photo/396651/image/large-a603ef8da832512f7f449be519a433b4.jpeg" data-gid="gid://syiq/Photo/396651"><img src="https://photo-assets.superyachttimes.com/photo/396653/image/large-ab0cf674fd5eaebcc711944e0736c3cf.jpeg" data-gid="gid://syiq/Photo/396653">Powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> is expected to reach a top speed of 23 knots and offers a transatlantic range of 3,100 nautical miles when cruising at 11 knots.<img src="https://photo-assets.superyachttimes.com/photo/396520/image/large-bc3e170199cfcab010ffbf2bec2571f3.jpg" data-gid="gid://syiq/Photo/396520">Built on speculation, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> is currently listed for sale and is scheduled for delivery on 15 July 2026.<img src="https://photo-assets.superyachttimes.com/photo/396647/image/large-318a3cc36ef6d0d7e0136af4f2acdb03.jpeg" data-gid="gid://syiq/Photo/396647"><img src="https://photo-assets.superyachttimes.com/photo/396522/image/large-f97599b52b7c3e4adb33a5e23df0ca8b.jpeg" data-gid="gid://syiq/Photo/396522">

Heesen yacht Sophia sea trials

Heesen has announced that the 49.98-metre Heesen motor yacht Sophia is preparing for her sea trials. 

50m Heesen superyacht Sophia on sea trials

The 28.04-metre <a data-gid="gid://syiq/Company/538" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Westship Yachts (Company)">Westship</a> motor yacht <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> has been sold. Mark Mitchell of <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY Yacht Sales</a> represented the buyer, while Cole Watkins of <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> represented the seller. <img src="https://photo-assets.superyachttimes.com/photo/374227/image/large-685e94b0a17dddfab290192c1d7f58e3.jpg" data-gid="gid://syiq/Photo/374227">Delivered in 1997 by the American shipyard, <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> is a flybridge motor yacht that marries generous onboard space with long-range cruising capability. According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> most recently underwent a refit in 2023.Stepping inside, <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> embraces a classic styling, pairing warm timber finishes with soft neutral tones and rich navy accents. Expansive windows flood her main saloon with natural light, while airy lounge areas on the deck and a full-beam owner’s suite all contribute to her relaxing atmosphere.With a beam of 7.01-metres and spanning 137 GT, accommodation onboard <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> is arranged for up to eight guests across four well-appointed staterooms, alongside dedicated quarters for crew members.&nbsp;In terms of propulsion, <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</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, delivering a cruising speed of 17 knots and a top speed of 22 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/7431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bravo Zulu28.04m (91'12&quot;)Westship Yachts1997">Bravo Zulu</a> had a last known asking price of $695,000.

28m Westship motor yacht Bravo Zulu sold

The 28.04-metre Westship motor yacht Bravo Zulu has been sold with a last known asking price of $695,000.

Norwegian yacht brokerage firm <a data-gid="gid://syiq/Company/7596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skippern Yachts (Company)">Skippern Yachts AS</a> has announced that it will take over the operations of the <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent BV</a> yacht &amp; ship brokerage. The transition is set to take effect on 1 July 2026.<img src="https://photo-assets.superyachttimes.com/photo/396785/image/large-11656c5f35c638490d570c2a8263141e.jpg" data-gid="gid://syiq/Photo/396785">The move follows the decision of <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> founder and Chief Executive Officer Marcel Borgmann to step back from the yachting industry after more than 35 years. Established in 2010, <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> has grown into an internationally recognised brokerage network. The company provides sales, charter and advisory services to yacht owners and buyers through a network of brokers across multiple countries.Under the new arrangement, <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent's</a> activities will continue under the ownership and management of <a data-gid="gid://syiq/Company/7596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skippern Yachts (Company)">Skippern Yachts</a>, led by Managing Director Rune Riktor. The company stated that the transition is intended to ensure continuity for clients and partners while preserving the values and reputation established by <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> over the past 16 years.“Marcel has created something truly remarkable," said Rune. "<a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> earned its reputation through hard work, expertise, and an unwavering focus on clients. We are honoured by the trust Marcel has placed in us and are committed to carrying forward the values, relationships, and high standards that have defined <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> for so many years.”Rune is no stranger to the brokerage house, having worked with <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a> for several years as both an agent and partner. According to <a data-gid="gid://syiq/Company/7596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skippern Yachts (Company)">Skippern Yachts</a>, this longstanding relationship will help maintain the level of service and international reach that clients have come to expect.“I am immensely proud of what we have achieved through <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a>. It has been an incredible journey, made possible by our clients, partners, and colleagues around the world,” concluded Marcel. “I have every confidence that Rune and the team at <a data-gid="gid://syiq/Company/7596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skippern Yachts (Company)">Skippern Yachts</a> will continue this journey with the same passion and dedication that have always been at the heart of <a data-gid="gid://syiq/Company/2574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Independent BV (Company)">Sea Independent</a>.”Photo courtesy of <a data-gid="gid://syiq/Company/7596" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skippern Yachts (Company)">Skippern Yachts</a>.

Skippern Yachts takes over Sea Independent brokerage

Norwegian yacht brokerage firm Skippern Yachts AS has announced that it will take over the operations of the Sea Independent BV.

Skippern Yachts acquires Sea Independent brokerage operations

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

Launch of Matterhorn yacht brokerage

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

Owner Experience

Insight: Owners in the Business