Studies show that on average, over half of businesses do not have a formal succession plan in place. Succession planning can have many benefits and can serve as an exercise of opportunity to gain a better understanding of existing talent and to identify areas in need of development.&nbsp;Forbes reported that only 30% of family-run businesses survive into the second generation, 12% survive into the third, and just 3% operate into the fourth. “Despite its glamour, the yacht building business, is a risky and competitive business,” says Klaas Hakvoort of Hakvoort Shipyard.Generally, innovation and forward-thinking keep yards busy, but it is important to future-proofing this - particularly for family-run yards. In this two-part series, we give an insight to the yards that are family-run and are embracing succession planning as a business strategy. In the second part of this mini-series, we speak with Klaas Hakvoort, Director and fourth generation shareholder at Hakvoort Shipyard. <img src="/uploads/store/photo/43406/image/large-ab811646dbc5e10f41b1790efd7d78b3.jpg" data-gid="gid://syiq/Photo/43406">"Our yard was founded in 1919 and today my brother, Albert Jr, and I run the business having bought out our father Klaas Hakvoort Sr. Back in the early 1900s there was no choice when it came to succession; your father would tell you at a certain age to start working on the yard and you would learn the trade in practice. But for me, it always has been clear that I would work in our yard and I started working in the shipyard in my school holidays when I was 13 and over the years did everything from painting to metalwork to piping. My brother Albert had the same idea and joined the shipyard in 1993.When undertaking a generational handover the money is internally loaned to the child that wants to buy shares and while the company makes money they slowly pay back their debt. When my brother and myself took over the company we did this in two steps; we first bought 49% of the shares and only after these were fully paid we bought the second 51 percent. This allowed my father proper control of the company while we were earning the funds to pay for the shares. Our father formally retired in 2014 after an active shipyard career of over 60 years.&nbsp;It took us 11 years to buy and pay for the company in full, but the company take over never influenced our financial position as funds were only flowing between family members and no banks were involved at all. The principle of not wanting to lend any money with banks has kept us alive and financially we are very conservative and our company is free of debt. If we want to invest we first earn the money and then spend it.<img src="/uploads/store/photo/43405/image/large-1c3746e5c04a04631a487a3914d4fbbf.JPG" data-gid="gid://syiq/Photo/43405">Looking to the next generation my son Albert (17) is 100% sure he wants to work in the shipyard and next year he will start his education to be a Naval Engineer, and my daughter Tirza (13) is not sure what she wants but if her future is in the shipyard it has my blessing and I would be proud to see her being the first female successor in the Hakvoort history. My brother has a daughter Kim (8) and she is obviously too young to determine her future right now. We will see what happens!Today it is not easy to successfully continue a business like ours. Even if one or all of our three children want to continue the business, they also have to be capable and truly passionate about it, otherwise, they will certainly fail. Even though Hakvoort is a small shipyard we still have the responsibility for approximately 100 employees and that is something we take very seriously. Training starts young and my son has already spent holiday weeks in the company to get a taste of what the shipyard work means on a daily basis.We are now preparing to further expand the shipyard and very soon will welcome the next generation of Hakvoort yacht builders in our company. Many shipyards have been taken over by investment companies and family owned superyacht builders are becoming rare in our country. I sincerely hope we can see the proud name of Hakvoort on our sheds for decades to come. "&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription" rel="noopener noreferrer" target="_blank" title=""><img src="/uploads/store/photo/23641/image/large-5807815e2703721ae6618b7a54d59cdb.png" data-gid="gid://syiq/Photo/23641"></a> This article is featured in the latest edition of the SuperYacht Times newspaper. <a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription">Subscribe now</a> to receive your copy straight to your door and never miss another issue.

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Klaas, Albert, and Albert Hakvoort

Just J launch 

Insight: Succession planning with Klaas Hakvoort

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

Dutch Superyacht Tech Campus in Amsterdam

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

Second construction phase underway at Dutch Superyacht Tech Campus in Amsterdam

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

Ferretti Group announces new project Scuola dei Mestieri

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

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

Robert Lama joins the IYC team

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

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

CdM signs exclusive partnership with IYC

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

CdM signs exclusive partnership with IYC for US market 

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

Interview with Nick Gelevert of Boatsters Black

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

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

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

VisionF Yachts appoints Ali Tanir as General Manager

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

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

Ferretti Group expands and acquires a Ravenna site

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


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

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

Sanlorenzo business report and intention to acquire Simpson Marine

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

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

Austria-based builder <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> has announced it is expanding its presence in the Asian market by signing an agreement with <a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a>.<img src="https://photo-assets.superyachttimes.com/photo/243181/image/large-c6914543e6f18b57554436d3995e9c7b.jpg" data-gid="gid://syiq/Photo/243181"><a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a> will become an exclusive dealer for <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> in Singapore, Hong Kong, and Thailand, providing them with access and service to the company's full range of solar-powered catamarans for clients in those regions.<img src="https://photo-assets.superyachttimes.com/photo/255819/image/large-ba7002dd0ba0ef11a0ea9472f68f8485.jpg" data-gid="gid://syiq/Photo/255819">"<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> has pioneered and championed this now key segment of alternative powered catamarans for close to 20 years, gaining incomparable experience and developing reliable and performing solutions,” commented Eric Noyel, Founder and CEO of <a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a>.&nbsp;“We are proud to have been chosen to accompany them in this exciting development. We expect the solar electric catamarans to be a huge success in Southeast Asia. Our clients are increasingly sensitive to the environmental challenges.”<img src="https://photo-assets.superyachttimes.com/photo/261601/image/large-2ef3ffa25cc5484ab38191046f78700f.jpg" data-gid="gid://syiq/Photo/261601"><a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a> already has over 15 years of experience in the boating industry and prides itself on being the trusted, exclusive dealer of luxury yachts from leading brands across the globe. The brand also represents <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> in those territories. The partnership with <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> will further establish the group as a central player in the Asia Pacific region and is a major step forward for both companies."We are pleased to have such a reputable company as our partner in a very promising yachting region," said Michael Köhler, CEO of <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a>. "We are excited to work together and bring sustainable yachting to Asia.”<img src="https://photo-assets.superyachttimes.com/photo/243176/image/large-f3cadca624fe4cea03175a21fb4280c5.jpg" data-gid="gid://syiq/Photo/243176"><a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> currently has 28 solar electric catamarans under construction in two production sites, including the flagship Silent 120 Explorer, with the order book filled until 2024. Both <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> and <a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a> are set to take part in the Singapore Yacht Show from April 27-30, 2023.

Silent-Yachts appoints new exclusive dealer in Asia Pacific

Silent-Yachts has announced the appointment of Asiamarine as a new exclusive dealer in Asia Pacific.

Silent-Yachts appoints Asiamarine as new exclusive dealer in Asia Pacific

Today we are proud to present you the all new SuperYacht Times. Built completely afresh by our in-house team, the launch signals a new era for the SYT website. Originally launched in 2007 as the first superyacht website with daily news and a free to access superyacht database, this new version is a major step in making SuperYacht Times future proof.<img src="https://photo-assets.superyachttimes.com/photo/261421/image/large-f548f0b612a343512f8cf2bba1de823c.jpg" data-gid="gid://syiq/Photo/261421">Thanks to the flexible setup of the system we can easily adjust every page and highlight breaking news items. Furthermore we can also build fully custom ads within this framework for our clients.Besides the look and feel of the website, we have also made a major change to the content that we will cover. Of course you will still be able to find all of the content you are used to, and we will continue to be the first with new launches and breaking news, but we have now added a more in-depth level to our editorial content.As you have recently seen, we’ve branched more deeply into the technical side of yachting with the launch of the <a href="https://www.superyachttimes.com/magazine" rel="noopener noreferrer" target="_blank" title="">How to Build It</a> magazine. This content will feed into the new website with an online section updated throughout the year and dedicated to technical news, product updates and construction news. In addition to How to Build It, we have also developed several content topics;<img src="https://photo-assets.superyachttimes.com/photo/261420/image/large-4f86285194ba47950bcd58b63dd0956a.jpg" data-gid="gid://syiq/Photo/261420"><a href="https://www.superyachttimes.com/news" rel="noopener noreferrer" target="_blank" title="">News</a>As always, you can find all of the latest news first on the SuperYacht Times news section. Accuracy will continue to be the top priority for the SYT team and in the news section you will find everything we have published in chronological order.&nbsp;<a href="https://www.superyachttimes.com/yacht" rel="noopener noreferrer" target="_blank" title="">Yachts</a>Everything related to the world of superyachts, including access to SYT’s renowned superyacht fleet database which includes over 10,000 yachts over 24 metres.<a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">Yachts for Sale</a>SuperYacht Times has the largest collection of yachts for sale in the world, with more than 1,700 yachts for sale on our website right now. With the launch of the new SYT website we have developed our featured yachts for sale section, offering brokers the best positions on the website to get the most exposure for the yachts on the market.<a href="https://www.superyachttimes.com/business" rel="noopener noreferrer" target="_blank" title="">Business</a>In addition to all of the important business news from yacht builders and designers, the SYT editorial team will also report on the latest appointments, acquisitions and expansions from suppliers, brokers and more, delving deeper into the companies that make our industry tick. Subscribe for the SYT newspaper to get all the latest in-depth business features.<a href="https://www.superyachttimes.com/market" rel="noopener noreferrer" target="_blank" title="">Market</a>In our market section you will be able to find all of the latest yacht market updates, alongside unique insight from top industry experts. In this section you will also be ale to find all of the latest exclusive reports from the SYT iQ team, as well as download our annual The State of Yachting market report.<a href="https://www.superyachttimes.com/design" rel="noopener noreferrer" target="_blank" title="">Design &amp; Interior</a>&nbsp;SYT has always shared exclusive interviews with interior and exterior designers, as well as new concepts unveiled across the industry. We have now developed this important sector of the website, to include more onboard features of the newest, biggest and best yachts in the world.<a href="https://www.superyachttimes.com/how-to-build-it" rel="noopener noreferrer" target="_blank" title="">How to Build It</a>By now you will all have seen our new technical magazine How to Build It, and in the new dedicated section of the website you will be able to find out in-depth reports, supplier news and articles related to the technical side of the industry.<img src="https://photo-assets.superyachttimes.com/photo/239694/image/large-b3f9a4fef4245385ca88550126c4c443.jpg" data-gid="gid://syiq/Photo/239694"><a href="https://www.superyachttimes.com/event" rel="noopener noreferrer" target="_blank" title="">Events</a>&nbsp;&nbsp;You will be able to find a full directory of all yachting industry events on the SYT website, with a full list of exhibiting yachts and companies. You will also be able to find the top events news, be it regattas, conferences or, of course, yacht shows.&nbsp;We look forward to hearing your feedback on the new website and if there are features you would like to see in the future, we would like to hear from you so please reach out to us at <a href="mailto:news@superyachttimes.com" target="_blank">news@superyachttimes.com</a>&nbsp;&nbsp;&nbsp;

New SuperYacht Times website launched

Welcome to the new bigger and better SuperYacht Times website, with new features and more in-depth technical stories.

Welcome to the new SuperYacht Times

Yacht charter and sales brokerage firm <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> has announced the appointment of Katya Hall as Commercial Director for the USA. <img src="https://photo-assets.superyachttimes.com/photo/263092/image/large-c448bb40c1d19ee33c546ba1769ebd6e.jpeg" data-gid="gid://syiq/Photo/263092">Katya Hall joins <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a>’s senior team with over 15 years experience in the superyacht industry and will be leading the expansion of <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> in the USA.<img src="https://photo-assets.superyachttimes.com/photo/263068/image/large-812236a3b4c083db0a5a64be6c24aa59.jpg" data-gid="gid://syiq/Photo/263068">“We’re excited to have Katya join us on our journey as we grow the brand outside of Australia and Europe,” commented Ellie Malouf, CEO of <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a>. “Katya and her team will be expanding the Sales Brokerage, Charter Retail and Central Agency streams of the business. Her market knowledge, experience and passion for customer service closely aligns with our company values and we couldn’t be happier with her joining our team.”<img src="https://photo-assets.superyachttimes.com/photo/175260/image/large-e54e31da30361a6fb226eb2b6d12c110.jpg" data-gid="gid://syiq/Photo/175260"><a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> has been growing in experience within the superyacht sector and celebrated the sale of the 37.92-metre <a data-gid="gid://syiq/Company/1756" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tansu Yachts (Company)">Tansu</a> motor yacht <a data-gid="gid://syiq/Yacht/233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Coral Ocean72.54m (237'12&quot;)Lürssen Yachts1994">So’Mar</a> in November 2022. <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a>’s current owned portfolio of superyachts and villas, combined with personal concierge services enables them to offer unique customer experiences including access to events, as well as exclusive offers and brand partnerships.Read:&nbsp;<a data-gid="gid://syiq/Article/56456" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club expands into yacht sales with sale of 38m motor yacht So'Mar (2022-11-29 11:00:00 +0100)">Ahoy Club expands into yacht sales with sale of 38m motor yacht So'Mar<img src="https://photo-assets.superyachttimes.com/photo/231707/image/large-671afdff72f522f8d6d98e20ccd34bff.jpg" data-gid="gid://syiq/Photo/231707"></a>“Our global team are true experts who have all experienced chartering first-hand, this is only one of many examples we focus on to drive a customer first approach, and Katya shares this same passion so I’m excited to see her lead this space for <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a>,” added Ellie Malouf.<a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> currently has offices in Sydney Australia, Golfe Juan France, Monaco and soon to be, Miami Florida. Katya will be onboard the 72.54-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/233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Coral Ocean72.54m (237'12&quot;)Lürssen Yachts1994">Coral Ocean</a> during the <a data-gid="gid://syiq/Event/164" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2023">Palm Beach international Boat Show</a> as she transitions into her new role.&nbsp;

Ahoy Club expands to USA and appoints new Commercial Director

Ahoy Club has announced the appointment of Katya Hall as Commercial Director for the USA. 

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<a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> has announced the sale of the first hull in the 52.6-metre <a data-gid="gid://syiq/Company/752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mengi Yay Yachts (Company)">Mengi Yay</a> Virtus Explorer XP series. The sale was facilitated by David Legrand and Alain Auvare of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> representing the seller at <a data-gid="gid://syiq/Event/164" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2023">Palm Beach international Boat Show 2023</a>. <img src="https://photo-assets.superyachttimes.com/photo/251289/image/large-502eb12394d21fc66cc0b07371df2e17.jpg" data-gid="gid://syiq/Photo/251289">The explorer yacht features interior and exterior design by <a data-gid="gid://syiq/Company/4663" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VYD Studio (Company)">VYD Studio</a> with naval architecture penned by her builder <a data-gid="gid://syiq/Company/752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mengi Yay Yachts (Company)">Mengi Yay Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/251309/image/large-ccd878f8701fda1ba5560025a3885b74.jpg" data-gid="gid://syiq/Photo/251309"><img src="https://photo-assets.superyachttimes.com/photo/251310/image/large-af267bfd9534834653f91b490444ea90.jpg" data-gid="gid://syiq/Photo/251310">The first renderings of her interior spaces last year revealed a chic contemporary design, with bold, organic shapes and patterns throughout. The centre-piece of her main saloon is a cluster of teardrop settees, which lend the space an informal atmosphere. Thanks to large floor-to-ceiling windows, both port and starboard, the main saloon is filled with natural light and boasts unparalleled views.<img src="https://photo-assets.superyachttimes.com/photo/251312/image/large-2a3e3fc8773b130595cabf577f8c5fbb.jpg" data-gid="gid://syiq/Photo/251312">The <a data-gid="gid://syiq/Company/752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mengi Yay Yachts (Company)">Mengi Yay</a> Virtus Explorer XP superyacht provides accommodation for up to ten guests across five sumptuous staterooms. Her master stateroom is on the main deck and includes a king-sized bed and a private foredeck. She can also accommodate up to nine crew to attend to her guests’ needs.<img src="https://photo-assets.superyachttimes.com/photo/251311/image/large-f559fc56ea7463f82861744a4b002199.jpg" data-gid="gid://syiq/Photo/251311"><img src="https://photo-assets.superyachttimes.com/photo/251314/image/large-d70d5b2b3ba61cf3246cb563add8c0d0.jpg" data-gid="gid://syiq/Photo/251314"><img src="https://photo-assets.superyachttimes.com/photo/251313/image/large-2a88acebdb52758e603e36f92808e435.jpg" data-gid="gid://syiq/Photo/251313">Some of the standout features onboard the <a data-gid="gid://syiq/Company/752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mengi Yay Yachts (Company)">Mengi Yay</a> Virtus Explorer XP yacht include a helipad, pool deck, master bridge deck, guest main deck, gym, and tender storage.<img src="https://photo-assets.superyachttimes.com/photo/251291/image/large-0b1a6797a7438a04cd0f69a097184070.jpg" data-gid="gid://syiq/Photo/251291">Performance-wise, the 498 GT motor yacht will be powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, giving her an expected top speed of 15 knots and a cruising speed of 12 knots.&nbsp;The second hull in the series is also currently in-build with an expected delivery date of 2025.

First 53m Mengi Yay Explorer XP superyacht sold

The first 53m Mengi Yay Virtus Explorer XP superyacht sold, with Fraser brokers David Legrand and Alain Auvare representing the seller.

First 53m Mengi Yay Explorer XP superyacht sold at PBIBS

<a data-gid="gid://syiq/Event/164" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2023">Palm Beach International Boat Show</a> promises a spectacular lineup this year – but there’s one yacht in particular that you shouldn’t miss: the 41.8-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> superyacht <a data-gid="gid://syiq/Yacht/8006" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Botti41.8m (137'2&quot;)Custom Line2020">Botti</a>. <img src="https://photo-assets.superyachttimes.com/photo/261905/image/large-98ffedb00091b5ccacbbdea028d10712.png" data-gid="gid://syiq/Photo/261905"><a data-gid="gid://syiq/Yacht/8006" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Botti41.8m (137'2&quot;)Custom Line2020">Botti</a>, designed by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, was delivered in 2020 and is being presented at <a data-gid="gid://syiq/Event/164" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2023">Palm Beach International Boat Show</a> by <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a>. She’s <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>’s flagship and is an exciting opportunity as she’s never been chartered and was sold in under two months last time she joined the market.&nbsp;<a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> has been involved in over 250 superyacht transactions in the past couple of years. As well as being the authorised <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> dealer, <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> is also the exclusive US dealer for <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, and Itama. While <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> is prolific in the 50-85 foot range, it's also a specialist in the 24-metre category.&nbsp;SuperYacht Times joined the team to hear the five key reasons why <a data-gid="gid://syiq/Yacht/8006" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Botti41.8m (137'2&quot;)Custom Line2020">Botti</a> shouldn’t be missed at the <a data-gid="gid://syiq/Event/164" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2023">Palm Beach International Boat Show</a>. <img src="https://photo-assets.superyachttimes.com/photo/261906/image/large-e3f3dcbf2bf8bb8622e6b3b1379fd651.png" data-gid="gid://syiq/Photo/261906">Designed for the family&nbsp;<a data-gid="gid://syiq/Yacht/8006" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Botti41.8m (137'2&quot;)Custom Line2020">Botti</a> is great – truly a family yacht. She has plenty of volume, amenities and all the features the whole family could need. Her bow has a stunning entertainment area for sunset lounging, while her tri deck barbeque, Jacuzzi and summer kitchen is the perfect place to host gatherings. The upper deck saloon is ideal for late-night movies and her alfresco dining area is private and intimate. She’s incredibly versatile and accommodating.&nbsp;Her large 350 GT of volume makes a flexible and enjoyable platform for a family of six with guests, without feeling crowded. <a data-gid="gid://syiq/Yacht/8006" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Botti41.8m (137'2&quot;)Custom Line2020">Botti</a> can sleep 10 guests across five staterooms, consisting of a master and four queens. She can also carry seven crew.<img src="https://photo-assets.superyachttimes.com/photo/237090/image/large-fcaa47268e249ff1181bc2ee998fc8a4.jpeg" data-gid="gid://syiq/Photo/237090"><img src="https://photo-assets.superyachttimes.com/photo/237091/image/large-06ee02f86bd322bc389ee19461696d17.jpeg" data-gid="gid://syiq/Photo/237091">Born for the USAWe expect with the very limited supply of late-model fibreglass Tri Deck yachts she won’t last long, we have seen two offers this week since joining the market. The last time she traded hands in the brokerage market it was the perfect timing and location — she was sitting in the prestigious Monaco Yacht Show. Today, she’ll be sitting in the great <a data-gid="gid://syiq/Event/164" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2023">Palm Beach Boat Show</a> where the crowd also craves tri-deck yachts with huge volumes.She also has a muscular profile and was custom-built with American-style bars on every level and upgraded AV in all areas. Guests will feel equally at home watching sports or turning the yacht into a music lounge. The expansive skybridge has a hot tub for 10 with ample sun lounges, alfresco dining, another bar, and expansive views. The beach club and host of water toys allow for easy watersports activities.<img src="https://photo-assets.superyachttimes.com/photo/237102/image/large-8ee3a9af63b07be4f1150d8f3e593031.jpeg" data-gid="gid://syiq/Photo/237102"><img src="https://photo-assets.superyachttimes.com/photo/237101/image/large-d33b537625c2db8190a9fc8402f59d78.jpeg" data-gid="gid://syiq/Photo/237101">Entertainment at sea level&nbsp;The beach club on <a data-gid="gid://syiq/Yacht/8006" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Botti41.8m (137'2&quot;)Custom Line2020">Botti</a> is unique because it’s truly private. The owner and guests can come from the main deck cockpit area to the beach club and entertain at sea level without having crew passing through. The space is large and comfortable enough to spend part of your day looking into the bliss without obstructions. This feature is something typically found on yachts over 50-metre but <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> has been able to incorporate this into the design of <a data-gid="gid://syiq/Yacht/8006" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Botti41.8m (137'2&quot;)Custom Line2020">Botti</a>, this 42M Navetta.<img src="https://photo-assets.superyachttimes.com/photo/237081/image/large-7a1c646baebf63ea470fd0b4be5f7235.jpeg" data-gid="gid://syiq/Photo/237081"><img src="https://photo-assets.superyachttimes.com/photo/237077/image/large-40a8e1e72dd0625169818fae560fb66e.jpeg" data-gid="gid://syiq/Photo/237077"><img src="https://photo-assets.superyachttimes.com/photo/261910/image/large-c79fdf80ac4619ec19a8f12cd5bc8d90.png" data-gid="gid://syiq/Photo/261910">Gastronomy and sea viewsBuilt for comfort and safety the yacht's interior offers large windows and loads of sunlight to bring the outdoors in and has massive exterior spaces for an owner and their guests to enjoy. <a data-gid="gid://syiq/Yacht/8006" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Botti41.8m (137'2&quot;)Custom Line2020">Botti</a> has many areas dedicated to dining, whether that’s a light morning bite or formal sit-down dinner for all the guests. She was also designed with a large galley to make food and service prep easy for crew, thus further enhancing the experience of those onboard.<a data-gid="gid://syiq/Yacht/8006" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Botti41.8m (137'2&quot;)Custom Line2020">Botti’s</a> commitment to delivering an astounding dining experience and her immense volume awakens the appetite for those looking for a charter yacht. She’s a perfect candidate. Yet, despite this, she’s only been used privately and is therefore presented to the market as new with none of the associated charter wear and tear. <img src="https://photo-assets.superyachttimes.com/photo/237078/image/large-a33de692335eb154d7f4ca9a2e064a88.jpeg" data-gid="gid://syiq/Photo/237078"><img src="https://photo-assets.superyachttimes.com/photo/261908/image/large-390fe5d4a4ac5a6353976383176025d7.png" data-gid="gid://syiq/Photo/261908">Silent freedomFor those looking for light exploration, <a data-gid="gid://syiq/Yacht/8006" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Botti41.8m (137'2&quot;)Custom Line2020">Botti</a> is the perfect choice. She has a range of 3,800 nautical miles at 11 knots and is capable of speeds in excess of 16 knots. This in itself isn’t exceptional, but the fact that her twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> C-32s burn only 40 gallons per hour at 10.5 knots making her deadly silent is. Long-distance explorations are both comfortable and peaceful.&nbsp;<a data-gid="gid://syiq/Yacht/8006" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Botti41.8m (137'2&quot;)Custom Line2020">Botti</a> also holds a 6.25-metre tender that owners and guests can use to explore further flung regions, or for darting in and out of ports and enclaves of the coastline that they’re visiting. <img src="https://photo-assets.superyachttimes.com/photo/237087/image/large-6387d144d5a3ab8510f167168c06e525.jpeg" data-gid="gid://syiq/Photo/237087"><img src="https://photo-assets.superyachttimes.com/photo/261907/image/large-564596942426067191c1d5318461055c.png" data-gid="gid://syiq/Photo/261907">—----------<a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> is presenting an extensive collection of brokerage yachts and new <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> yachts either physically or digitally. There is a wide range of vessels on Ramp 5 of the show, including the 2022 74’ <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> Double or Nothing, the 2020 <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a> 90' Argo and the classic 2006 123' <a data-gid="gid://syiq/Company/121" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palmer Johnson Yachts (Company)">Palmer Johnson</a> <a data-gid="gid://syiq/Yacht/2056" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Invictus37.49m (122'12&quot;)Palmer Johnson Yachts2006">Invictus</a>.&nbsp;As <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> represents both new and brokerage yachts, its customers can bounce between ranges or have several completely different new or brokerage yachts – and, ultimately, stay within the <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> family. The brokerage house offers many new and unique projects, bringing intrigue to its clients.&nbsp;“Last year, as an example, we sold a Riva 102’ Corsaro at <a data-gid="gid://syiq/Event/164" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2023">Palm Beach</a> – the evolution of the popular Riva 100’ Corsaro – despite the yacht not physically being there,” &nbsp;Sean Fenniman of <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> said. “We presented the yacht digitally and the client fell in love with the new open stern and decided to purchase the yacht there and then.”

Five reasons to visit Botti at PBIBS 

SYT investigates the five reasons why you should visit the 42m superyacht Botti at PBIBS,

Five reasons why the 42m superyacht Botti shouldn’t be missed at Palm Beach International Boat Show

<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group’s</a> annual Convergence occurred from 14 to 17 March in Courmayeur, situated at the foot of Mont Blanc. This event is designated for captains and chief engineers of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> yachts. It provides the opportunity to meet and get up to speed on various subjects, from the industry’s performance to possible future scenarios in the field of environmental sustainability and energy transition.<img src="https://photo-assets.superyachttimes.com/photo/263039/image/large-78d3aa7afe3bdbaf21892508a58a1942.jpg" data-gid="gid://syiq/Photo/263039"> The first day commenced with welcomes and presentations from <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> CEO Alberto Galassi and Chief Commercial Officer Stefano de Vivo, who outlined the latest financial results, and the new models and projects currently under construction. Presentations particularly focused on <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti’s</a> commitment to sustainability, which is a core value at the forefront of the Group’s activities, from emissions reduction to the energy transition.&nbsp;The second day was devoted to training, featuring panel discussions led by management together with world-class partners and experts. There were two sessions, the first being about “Propulsion systems and alternative fuels, with a view to environmental sustainability and compliance with new regulations.” The second session honed in on “Prevention of and response to onboard accidents, with a special focus on managing accidents caused by lithium batteries and new alternatives to hydrocarbon-derived fuels”. In both sessions, the audience could ask questions and provide feedback via an interactive app, which encouraged participation and resulted in thought-provoking and educational discussions.<img src="https://photo-assets.superyachttimes.com/photo/263038/image/large-9207570ca9ed1f4baf7b3753332a1fdd.jpg" data-gid="gid://syiq/Photo/263038">Stefano de Vivo, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group’s</a> Chief Commercial Officer, commented “The first in-person Convergence after two years online demonstrated the absolute importance of this event as a generator of know-how and team spirit. The discussion among more than one hundred captains and chief engineers was both interesting and satisfying, because the ability of yachting professionals to work as a team and exchange insights is a core driver of the success of both Ferretti Group and its yachts. Convergence is an event that leaves us better informed, better motivated and better able to offer our owners an even safer and more rewarding yachting experience”&nbsp;Main partners <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a>, <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a>, Simrad, <a data-gid="gid://syiq/Company/3601" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sleipner Motor AS (Company)">Sleipner</a> and <a data-gid="gid://syiq/Company/1450" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo (Company)">Volvo</a> made a huge contribution to the event, along with technical sponsors Amare Group, <a data-gid="gid://syiq/Company/3524" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asea Power Systems (Company)">Asea Power Systems</a> and <a data-gid="gid://syiq/Company/7073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fratelli Canalicchio (Company)">Fratelli Canalicchio</a>. They were joined by an exclusive selection of partners, including <a data-gid="gid://syiq/Company/4287" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Mirabello (Company)">Porto Mirabello</a> marina, Range Rover and the <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Yacht Club de Monaco</a>. Range Rover offered guests the opportunity to visit the Range Rover House, and take a spin on the New Range Rover Sport on a snow-covered track.

Ferretti Group’s Convergence 2023 

Ferretti Group’s annual Convergence took place from March 14 to 17 in Courmayeur, situated at the foot of Mont Blanc.

The 2023 Convergence event for captains and chief engineers by Ferretti Group 

Dutch shipyard <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert</a> has released further details about their newest project,&nbsp;<a data-gid="gid://syiq/Yacht/6061" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Revolution47.36m (155'5&quot;)Jongert Yachts2025">Revolution</a>. The 47.36-metre motor yacht for sale will be completed in 2025, this is the second-largest yacht built by the Netherlands-based company.<img src="https://photo-assets.superyachttimes.com/photo/262910/image/large-94ff66f656a9e2383959bdfd63aa315c.jpg" data-gid="gid://syiq/Photo/262910"><a data-gid="gid://syiq/Yacht/6061" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Revolution47.36m (155'5&quot;)Jongert Yachts2025">Project Revolution</a> will feature exterior design and naval architecture by<a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">&nbsp;Vripack</a>. The total interior volume of the in-build superyacht will be 499 GT, with a beam of 9.5-metres and a draft of 2.8-metres, and a true long-range Explorer yacht. The superyacht, <a data-gid="gid://syiq/Yacht/6061" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Revolution47.36m (155'5&quot;)Jongert Yachts2025">Project Revolution</a>, will showcase a <a href="https://sya.superyachttimes.com/yachts/in-steel/syt_premium:0/sybass_member:ignore/ever_sold_new_order_speculation_or_stock:0/with_photos:0/with_ga:0/last_checked_at:0" target="_blank">steel</a> hull and <a href="https://sya.superyachttimes.com/yachts/in-aluminium/syt_premium:0/sybass_member:ignore/ever_sold_new_order_speculation_or_stock:0/with_photos:0/with_ga:0/last_checked_at:0" target="_blank">aluminium</a> superstructure. <img src="https://photo-assets.superyachttimes.com/photo/262909/image/large-33775133e3c9bf37b420c91fde63e9eb.jpg" data-gid="gid://syiq/Photo/262909"><img src="https://photo-assets.superyachttimes.com/photo/262900/image/large-912a7e89a0257cefdb53f3c66c68fdea.jpg" data-gid="gid://syiq/Photo/262900"><img src="https://photo-assets.superyachttimes.com/photo/3156/image/large-41c3afc150923a8e9e8fdb174db0cc82.jpg" data-gid="gid://syiq/Photo/3156">The expansive motor yacht project will be able to accommodate up to 10 guests onboard across five staterooms, as well as ample space for 11 crew including the captain. Other highlights of the project include a vast deck with different zoned areas for leisure and hosting, along with a bespoke interior design which will be a collaborative effort with the owner and their selected designer of choice.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/262915/image/large-02c032df6f4b05e82969f28cce7af071.jpg" data-gid="gid://syiq/Photo/262915"> <a data-gid="gid://syiq/Yacht/6061" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Revolution47.36m (155'5&quot;)Jongert Yachts2025">“Project Revolution</a> has been fully designed and engineered by renowned Dutch <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack Naval Architects</a>. The contemporary yet cosy interior will be designed by a leading designer elected by the new owner in collaboration with the shipyard. <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert Shipyard</a>, with 70+ years of experience under its belt, is well known for its quality build World Cruisers and is now back on the market with its Revolutionary Project,” commented Alex Krykanyuk, Sales Broker at <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts.&nbsp;</a><img src="https://photo-assets.superyachttimes.com/photo/262911/image/large-2c6186268ce81d3d86b2ce353cfe1728.jpg" data-gid="gid://syiq/Photo/262911"> Performance-wise, the superyacht will be powered by <a href="https://sya.superyachttimes.com/companies/caterpillar-inc" target="_blank">2 Caterpillar&nbsp;</a>engines, which give her a cruising speed of 11 knots and a top speed of 13.5 knots.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/262908/image/large-59b5d555d82d205bf0265987c16aa43e.jpg" data-gid="gid://syiq/Photo/262908"><a data-gid="gid://syiq/Yacht/6061" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Revolution47.36m (155'5&quot;)Jongert Yachts2025">Project Revolution</a> is currently on the market with an asking price of €32,000,000 with <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts.&nbsp;</a>

47m Jongert Revolution superyacht project

Dutch shipyard Jongert released details for their new 47-metre project, Revolution, which is due to be completed in 2023.

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New details revealed of 47m Jongerts superyacht Revolution

After spending the last two seasons cruising in Central America, <a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood</a> is set to bring her signature surfing to the sun-soaked waters of Fiji this summer. She offers an experience of a lifetime perfect for those seeking something a little more adventurous than the average yacht charter.<img src="https://photo-assets.superyachttimes.com/photo/262977/image/large-1e1e7d98437eabdd35950b694201b4f7.jpg" data-gid="gid://syiq/Photo/262977">Built in 2017 by Dutch shipyard <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> as part of the LE 180 series, <a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood</a> features exterior design by <a data-gid="gid://syiq/Company/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tim Heywood Design Ltd. (Company)">Tim Heywood</a> and interior design by <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Remi Tessier</a>, while <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> penned her naval architecture. <img src="https://photo-assets.superyachttimes.com/photo/262979/image/large-2940d0351de82aef9b7ad3f51031da9e.jpg" data-gid="gid://syiq/Photo/262979"><img src="https://photo-assets.superyachttimes.com/photo/262980/image/large-321b54236bde24bd4597a351ee35d9ab.jpg" data-gid="gid://syiq/Photo/262980"><a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Remi Tessier</a> committed to a chic “beach house” interior style, with panoramic windows sprawled throughout for plenty of natural light, and rooms that merge seamlessly with outdoor spaces. The contemporary main saloon offers plenty of seating and entertaining options, with a bar, sofas, and a formal dining table for eight. White furnishings nicely contrast the warm lighting and golden decor, creating a welcoming ambience.<img src="https://photo-assets.superyachttimes.com/photo/262988/image/large-2589eb9aa2ebd737e3913cc8b8a159d5.jpg" data-gid="gid://syiq/Photo/262988"><a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood’s</a> five-stateroom configuration is able to comfortably sleep up to 12 guests, all of which are easily convertible. The full-beam master suite benefits from a walk-in wardrobe, a separate office, and a drop-down private balcony.<img src="https://photo-assets.superyachttimes.com/photo/262982/image/large-ddc6f1a301105b7e5a84a06109eb42f0.jpg" data-gid="gid://syiq/Photo/262982"><img src="https://photo-assets.superyachttimes.com/photo/262981/image/large-0a4ae05eb52beac6a46ee3d1e5bfcd28.jpg" data-gid="gid://syiq/Photo/262981"><img src="https://photo-assets.superyachttimes.com/photo/262974/image/large-147a4260e79f6f8a0461d3599c580d63.jpg" data-gid="gid://syiq/Photo/262974"><a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood</a> is perfect for those seeking fun and adventure onboard. She offers an impressive array of tenders and toys, including a 19-metre chase boat, scuba equipment, and a slide from the sundeck to the sea, enabling guests to turn the sea into their very own personal playground. Her highly energetic crew of 13 have plenty of watersports and adventure cruising experience, with a surf instructor among the crew to enable both novices and pros to enjoy the insane collection of surfboards. <img src="https://photo-assets.superyachttimes.com/photo/262978/image/large-50b7b7d57b1db6bde5ea7da748b4d93e.jpg" data-gid="gid://syiq/Photo/262978"><img src="https://photo-assets.superyachttimes.com/photo/262972/image/large-ab25b2c800fc1437bfdaf30f6b0d3984.jpg" data-gid="gid://syiq/Photo/262972"><a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood's</a> sweeping sundeck contains an open-air cinema, a bar, and Jacuzzi, perfect for winding down after a long day of water activities. There is ample seating spread across her three decks, with sunbeds for tanning, outdoor sofas for lounging, and a shaded alfresco dining area. Her upper deck features large sofas and bespoke fire pit tables that light up the sky at cocktail hour.<img src="https://photo-assets.superyachttimes.com/photo/262985/image/large-41c06a61723a6f3fc4b43eae2ee61f70.jpg" data-gid="gid://syiq/Photo/262985"><img src="https://photo-assets.superyachttimes.com/photo/262984/image/large-5528cbbff8c8c2671258836b228e2fa8.jpg" data-gid="gid://syiq/Photo/262984">Performance-wise, the 707 GT motor yacht is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a top speed of 15.5 knots and a cruising speed of 13 knots. <a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood</a> is currently available for charter with <a data-gid="gid://syiq/Company/259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Y.CO (Company)">Y.CO</a> from $340,000 per week.

Onboard Amels 55m superyacht Driftwood

The 50m Amels superyacht Driftwood is currently available for charter with Y.CO, offering accommodation for up to 12 guests.

The 29.9-metre <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a> motor yacht <a data-gid="gid://syiq/Yacht/7831" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raph Seven29.9m (98'1&quot;)Riva S.p.A.2018">Raph Seven</a> has entered the market. The <a href="https://www.superyachttimes.com/yachts/raph-seven/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht, Raph Seven for sale</a>, was delivered in 2018 as part of the <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a> 100 Corsaro series and has been well-maintained over the years.<img src="https://photo-assets.superyachttimes.com/photo/176118/image/large-68eb19ff0d7a55452dde29c413d91d79.jpg" data-gid="gid://syiq/Photo/176118"><a data-gid="gid://syiq/Yacht/7831" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raph Seven29.9m (98'1&quot;)Riva S.p.A.2018">Raph Seven</a> features clean lines with a natural and sleek, sporty profile. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> was designed by <a data-gid="gid://syiq/Company/366" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Officina Italiana Design (Mauro Micheli) (Company)">Officina Italiana Design (Mauro Micheli)</a> which were responsible for her interior and exterior design, while Riva handled her naval architecture.<img src="https://photo-assets.superyachttimes.com/photo/176117/image/large-4e8cb007f1c81526833ebf2b1dccaf15.jpg" data-gid="gid://syiq/Photo/176117"><img src="https://photo-assets.superyachttimes.com/photo/176115/image/large-dafd31fdfbb0333c48bc0cec9852006e.jpg" data-gid="gid://syiq/Photo/176115">The light-filled interior of the 130 GT <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> showcases her contemporary style, with a spacious main saloon that benefits from the large picture windows. Her formal dining area includes seating for up to six guests with unparalleled views from her large glass sliding doors that draw in plenty of natural light.<img src="https://photo-assets.superyachttimes.com/photo/176112/image/large-3812357d03bab92a133c0d9f104fd58c.jpg" data-gid="gid://syiq/Photo/176112"><a data-gid="gid://syiq/Yacht/7831" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raph Seven29.9m (98'1&quot;)Riva S.p.A.2018"><img src="https://photo-assets.superyachttimes.com/photo/176113/image/large-dea43eb3deccea81d493b600393be7d6.jpg" data-gid="gid://syiq/Photo/176113"><img src="https://photo-assets.superyachttimes.com/photo/176110/image/large-6c82402d6753d40131df7ab7931b939e.jpg" data-gid="gid://syiq/Photo/176110">Raph Seven</a> can comfortably accommodate up to 10 guests, thanks to a five stateroom configuration. This consists of a full beam master suite on the main deck with a spacious ensuite bathroom. Her remaining staterooms on the lower deck include three doubles and a single stateroom.<img src="https://photo-assets.superyachttimes.com/photo/176114/image/large-ba799fa97c9b6307182970a787aaefa6.jpg" data-gid="gid://syiq/Photo/176114"><img src="https://photo-assets.superyachttimes.com/photo/176119/image/large-0dca53ecfa514641dbee352a58c1e570.jpg" data-gid="gid://syiq/Photo/176119"><a href="https://www.superyachttimes.com/yachts/riva/for-sale" rel="noopener noreferrer" target="_blank" title="">The Riva yacht for sale</a> features a stunning sun deck area with alfresco dining options and a wet bar. Guests can enjoy the area in all weather conditions, thanks to the protection of her hard top and shading solutions.<img src="https://photo-assets.superyachttimes.com/photo/176121/image/large-b2e7dc59aee81af5b5488e0032f5f3ae.jpg" data-gid="gid://syiq/Photo/176121">Performance-wise <a data-gid="gid://syiq/Yacht/7831" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raph Seven29.9m (98'1&quot;)Riva S.p.A.2018">Raph Seven</a> is equipped with twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines that provide her with a top speed of 28 knots and a cruising speed of 24 knots. <img src="https://photo-assets.superyachttimes.com/photo/176122/image/large-29455e7264cc8bccb39e32f2ecc769c2.jpg" data-gid="gid://syiq/Photo/176122">

Riva’s 30m yacht Raph Seven for sale

Riva’s 30m motor yacht Raph Seven for sale was delivered in 2018 as part of the Riva 100 Corsaro series.

30m Riva motor yacht Raph Seven for sale

UK-based builder <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> has announced the latest edition in its S class series, the 25.43-metre Princess S80 yacht. The flagship yacht is described by the shipyard as “stylish, contemporary and seamlessly executed” and features hand-crafted finishes by <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a>’ craftspeople in Plymouth.<img src="https://photo-assets.superyachttimes.com/photo/263029/image/large-12f101308c3921ce32a87d7091080338.png" data-gid="gid://syiq/Photo/263029">The Princess S80 follows the design DNA of the S class range with sweeping lines and a single level main deck. She has been designed in-house by the team at <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> in collaboration with naval architects <a data-gid="gid://syiq/Company/2740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Olesinski Ltd. (Company)">Olesinski</a> and the Italian design house, <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina</a>.<img src="https://photo-assets.superyachttimes.com/photo/263024/image/large-d334f0d005741329f5eeff027389d108.png" data-gid="gid://syiq/Photo/263024">The Princess S80 yacht is an evolution of the S72 launched at <a data-gid="gid://syiq/Event/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="boot Düsseldorf - 2023">boot Düsseldorf 2023</a> with a striking yet elegant exterior profile. She features full-length windows along her main deck that extend to her cockpit canopy to provide a sheltered area from the sun.“The design of the elongated sleek canopy shades the forward two-thirds of this area with an optional awning taking care of the remaining third,” explained Andy Lawrence, Director of Design at <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>. The saloon glazing extends far back into the cockpit, cocooning the forward dining area to create shelter from the wind without obstructing your view.” &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/263027/image/large-b8b4af924f9bbce9aa47734edc2d288c.png" data-gid="gid://syiq/Photo/263027"><img src="https://photo-assets.superyachttimes.com/photo/263028/image/large-06f1a6d45036e1838b1059d4965c4e72.png" data-gid="gid://syiq/Photo/263028">Her versatile layout allows her to be operated and managed by her owner with the option of an enclosed helm plus crew accommodation for up to three. Her saloon is flooded with light from her panoramic windows and provides a space for seating, as well as her helm controls.<img src="https://photo-assets.superyachttimes.com/photo/263023/image/large-13b5b19f27e3996de1284c7376f842c3.png" data-gid="gid://syiq/Photo/263023"><img src="https://photo-assets.superyachttimes.com/photo/263024/image/large-d334f0d005741329f5eeff027389d108.png" data-gid="gid://syiq/Photo/263024">“The concept of the Princess S80 focuses on an uncompromising main deck sociable living space close to the water with three distinct spaces, sunbathing, lounging, and dining, usable simultaneously without conversions,” added Andy Lawrence. <img src="https://photo-assets.superyachttimes.com/photo/263026/image/large-12e3219db17c151d82d94203b09153ef.png" data-gid="gid://syiq/Photo/263026">The lower deck of the Princess S80 features four ensuite staterooms for up to eight guests, with her full-beam master suite adorned with organic furnishings and complemented by accents and finishes of natural timber. Soft lighting helps to accentuate her hand-crafted furniture and creates a contemporary but calming atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/263031/image/large-ae5dcc071a5c317d6caaf858df5f6faa.png" data-gid="gid://syiq/Photo/263031"><img src="https://photo-assets.superyachttimes.com/photo/263022/image/large-5f3dc0219acff3c5061e9d74b1f516c1.png" data-gid="gid://syiq/Photo/263022">The Princess S80 boasts impressive outdoor living areas with multiple seating areas and a wet bar with a barbecue. A converting dining table and an outdoor TV on rise and fall mechanism are also available to adapt this area for every occasion.<img src="https://photo-assets.superyachttimes.com/photo/263021/image/large-77e2a9140d338d84a6faa121fc73e48a.png" data-gid="gid://syiq/Photo/263021">Regarding propulsion, the Princess S80 yacht is equipped with twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines providing speeds up to 34 knots. There is also the option for vector fin and gyro stabilisers for greater control in challenging sea conditions.<img src="https://photo-assets.superyachttimes.com/photo/263019/image/large-b12f62c2c60d295169cdefc3131f0349.png" data-gid="gid://syiq/Photo/263019">

Princess Yachts announces flagship Princess S80 yacht

Princess Yachts has announced the new flagship in its S class series, the 25m Princess S80 yacht.