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

Another One yacht cruising

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Another One yacht deck

Nick Gelevert, CEO of Boatsters Black

Adamas II anchored outside Monaco 

Seven Sins yacht anchored off Anguilla

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

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

Evolving from a small-scale operation into a multi-service organisation, <a data-gid="gid://syiq/Company/5584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MennYacht Group (Company)">MennYacht Group</a> has come a long way since its creation in 1994. Still presided over by the original founder Matjaž Murko today, the company now represents several brands of the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> and operates across various Central and Eastern European countries, with a strong presence along the Adriatic coast.<img src="https://photo-assets.superyachttimes.com/photo/328602/image/large-f0b53309825f90cea989c7c504d55069.jpg" data-gid="gid://syiq/Photo/328602">What led to your entry into the yachting industry?I was born in Germany and moved to Slovenia in 1972 when I was ten years old. Shortly thereafter, I joined a well-known sailing club in Slovenia named Pirate. From a young age, I exhibited an entrepreneurial spirit; my first venture was founding a windsurfing school with a friend, catering to tourists on the beach. It's important to note the geographic significance of Slovenia, which is bordered by Italy to the west and Croatia to the south and east. Slovenia attracts many visitors from the Czech Republic and other Eastern European countries. Additionally, our linguistic similarities foster a welcoming environment for these tourists.This early experience further fueled my interest in the nautical industry, which prompted me to explore additional opportunities. My breakthrough came at the Genoa Boat Show in 1994, where I discovered the Pershing brand. Just a few months later, I signed a contract with the shipyard and acquired two yachts, a 60-footer and a 70-footer and began actively promoting Pershing in the Adriatic.<img src="https://photo-assets.superyachttimes.com/photo/328599/image/large-fe3e86a9dd94651ebd8b14f1582ea966.jpg" data-gid="gid://syiq/Photo/328599">Could you elaborate on your close ties with various Ferretti Group brands and how it came to be that you represented them?In 1998, following <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>'s acquisition by the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Pershing recommended us as a dealer for <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> brands in Austria, Slovenia, and other parts of Europe. We promptly signed the contract and officially started our dealership with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> in 2000. As the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> expanded and integrated brands such as Riva, we also began representing them in our markets.Currently, we represent all <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> brands, except for CRN and Wally, across several regions. Our markets include Austria, Germany (specifically clients in the Adriatic region for <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</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>, and Itama), the Czech Republic, Slovakia, Slovenia, Hungary, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, North Macedonia, and Albania. Over the past twenty years, these countries have seen economic development, though they still face certain challenges. Despite our wide geographic reach, we encounter specific local preferences. In Hungary for example, there is a strong preference for conducting business in Hungarian. As a result we maintain an office in Budapest to accommodate this need, despite its landlocked location. We also have an office in Prague, Czech Republic, and one in Belgrade, Serbia. These different locations allow us to offer bespoke services, adapted to the local business culture.<img src="https://photo-assets.superyachttimes.com/photo/328598/image/large-821263695bb15703bea192a6f86d08b3.jpg" data-gid="gid://syiq/Photo/328598">What strategies did MennYacht employ to successfully expand into Eastern European marketsFrom the outset, establishing comprehensive services was crucial, encompassing not only yacht sales but also dedicated maintenance and support. When operations began, back in 1994, sourcing essential components such as generator impellers posed significant challenges. Damage to an impeller could disable the entire generator, disrupting critical onboard functions, including cooking, yet obtaining these components was complicated by supply distribution issues. Indeed, Slovenia and Croatia were not part of the European Union at that time, leading to intricate customs and logistics scenarios.To address these challenges, we significantly expanded our service network, which now covers all major marinas and key cruising locations along the Adriatic coast. Thanks to our local network and expertise, we are known for our rapid response times, a fact acknowledged by our clients and competitors alike.Our team comprises highly experienced professionals, some of whom have been with us for 15-20 years. With the increasing complexity of yachts due to advanced technology and design features, it is imperative to stay at the forefront of service excellence. In collaboration with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, we have played a crucial role in providing ongoing educational programs for our workers, ensuring they are well-prepared to meet contemporary challenges.<img src="https://photo-assets.superyachttimes.com/photo/328604/image/large-97e4aaf81a00cf9ce7c98bb81c584023.jpg" data-gid="gid://syiq/Photo/328604"> How do events contribute to the MennYacht brand and client engagement?Alongside our 30th anniversary celebrations, we hosted significant events such as the Gala Yacht Ball and Summer Breeze at Ravni Zakan. These occasions allow us to engage deeply with our clientele in a setting that highlights both our latest offerings and our rich legacy. Moreover, we hosted a similar event last year where we invited all our clients and provided entertainment with <a data-gid="gid://syiq/Company/5733" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Technohull (Company)">Technohull</a> luxury RIBs, for which we are also the official regional dealers.These events, along with our yearly magazine and our 30th anniversary book, significantly enhance client engagement. Crucially, they also provide us with deeper insights into our clients' perspectives, such as whether they are considering acquiring a new yacht because their current one is becoming outdated or too small. To be successful in today's market, it is not enough to be a dealer; a 360-degree approach is required.<img src="https://photo-assets.superyachttimes.com/photo/328597/image/large-1a06b306801dedc5024d56cc19d873f5.jpg" data-gid="gid://syiq/Photo/328597"> Any future plans you would like to unveil?In recent years, we've significantly advanced our marketing efforts, collaborating with media companies and promoting our 30th anniversary. Despite these successes, we recognise areas that require further improvement.Currently, like many in the industry, we face a shortage of skilled labour, particularly mechanics and electricians. The growth of our fleet has outpaced our staffing capabilities, highlighting the critical need to balance the number of yachts with employee recruitment to enhance our operations.Moreover, we have been improving our technological capabilities by investing in software programs that aim to more efficiently understand the yachts clients desire. This will better facilitate our sales strategies and improve our ability to track client inquiries and preferences. For instance, if a client expressed interest in a specific type of superyacht a year ago, these new systems will allow us to process that information more quickly and accurately. We have a dedicated team, much like a family, where each member, including my son, plays a crucial role. Together, we are committed to continuing our legacy for many more years to come. This article was originally published in the 50th issue of the SuperYacht Times Newspaper,&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-50" rel="noopener noreferrer" target="_blank" title="">available for download here.</a>

In conversation with Matjaž Murko of MennYacht Group

Founder Matjaž Murko on MennYacht's strong relationship with the Ferretti Group and its expanding presence in the Adriatic.

<a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>, one of the most renowned names in luxury yacht building, celebrates its 170th anniversary this year– a milestone that reflects nearly two centuries of pioneering craftsmanship and innovation. To commemorate this landmark, an exclusive white paper has been released, offering an in-depth exploration of <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>’s rich heritage and visionary future, with beautiful imagery from their archives.<img src="https://photo-assets.superyachttimes.com/photo/325988/image/large-989539f457be87f3fafffee3940ec233.jpg" data-gid="gid://syiq/Photo/325988">Discover Baglietto’s rich Italian heritageFor generations, the <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> name has stood for excellence, innovation, and unmatched craftsmanship, making it synonymous with luxury on the seas. <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>’s story began in 1854 in the Ligurian region of Italy, where its founder, Pietro Baglietto, started crafting small wooden dinghies. From these humble beginnings, the shipyard evolved into a global leader in the superyacht world.&nbsp;Throughout its history, the shipyard has been driven by a passion for pushing the boundaries of yacht building. The shipyard’s early breakthroughs, such as producing Italy’s first yacht with a combustion engine and later pioneering hydrofoil technology, established it as a visionary leader in naval engineering. Over the years, <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>’s yachts have graced the waters around the world, combining performance with impeccable style and luxury.<img src="https://photo-assets.superyachttimes.com/photo/325982/image/large-75fa52764d05be28d5f3b9cc9ca4263e.jpg" data-gid="gid://syiq/Photo/325982">Ethos of innovation, new lines and BZEROThis commitment to innovation remains a cornerstone of the shipyard’s philosophy, as it continues to craft yachts that are not only beautiful but also technologically advanced. As <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> looks ahead to the future, the company continues to combine its rich tradition with forward-thinking innovation.&nbsp;Under the leadership of CEO Diego Michele Deprati, <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> has introduced new yacht lines such as the <a data-gid="gid://syiq/YachtModel/12635" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto 60m T Line60.0m (196'10&quot;)">TLine</a>, <a data-gid="gid://syiq/YachtModel/10956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto DOM 13340.9m (134'2&quot;)">DOM</a>, and <a data-gid="gid://syiq/YachtModel/13931" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Fast 5049.9m (163'9&quot;)">FAST</a> models, all of which blend style with performance. The <a data-gid="gid://syiq/YachtModel/11024" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto 52m T Line52.0m (170'7&quot;)">T52</a>, in particular, represents the next evolution in the yard’s steel and aluminium yacht range, marrying speed and efficiency with luxury. <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> is also taking significant strides toward sustainability with the <a href="https://www.baglietto.com/en/bzero/" rel="noopener noreferrer" target="_blank" title="">BZero</a> project, which explores hydrogen-based technologies aimed at reducing the environmental impact of its yachts.<img src="https://photo-assets.superyachttimes.com/photo/325983/image/large-968406eafc45d4145debf84d83d29d09.jpg" data-gid="gid://syiq/Photo/325983">Free download for the full ‘170 Years of Baglietto’ White PaperThe white paper, <a href="https://www.superyachttimes.com/newspaper" rel="noopener noreferrer" target="_blank" title="">available for download</a>, offers a fascinating retrospective on how the <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> family’s vision shaped the company into the superyacht powerhouse it is today. However, it is the future that <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> has its eyes set on-combining tradition, craftsmanship, and a commitment to sustainability, the shipyard is poised to lead the next wave of innovation in the industry.The white paper, crafted in close collaboration with <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>’s team, accompanies the 50th edition of the <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a>&nbsp;newspaper, a <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show 2024</a> special edition. With 72 pages of exclusive content, it is the largest edition the newspaper has ever published, featuring comprehensive coverage of the latest superyacht innovations, designs, and industry trends.

170 Years of Baglietto full White Paper available for free download

To celebrate the 170th anniversary of Baglietto, SuperYacht Times has released an exclusive white paper, now available for free download.

‘170 Years of Baglietto’ White Paper available for free download

It’s finally here! <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> is proud to announce that Issue 50 of the <a href="https://www.superyachttimes.com/newspaper" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times newspaper</a> is now available! This special edition is our largest publication to date, with a special look back at some of the most engaging stories published since the newspaper began 10 years ago.<img src="https://photo-assets.superyachttimes.com/photo/324073/image/large-480f470aa9e7d29a237615b8a011ff0f.jpg" data-gid="gid://syiq/Photo/324073">SuperYacht Times Anniversary<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> Founder &amp; Director Merijn de Waard shares his memories of the past 10 years of the <a href="https://www.superyachttimes.com/newspaper" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times newspaper</a>. We take a look back at the covers of all 50 editions, as well as some of our favourite stories over the years.<img src="https://photo-assets.superyachttimes.com/photo/324082/image/large-bf8bf78cd965a91265a73772b541ed57.jpg" data-gid="gid://syiq/Photo/324082">Our cover star EnergyIn this edition, we take a closer look at the custom <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> superyacht <a data-gid="gid://syiq/Yacht/6826" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Energy77.8m (255'3&quot;)Amels2022">Energy</a>, which will be exhibited at this year’s <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show</a>. Our Features Editor Emma Dailey sits down with her designers to get the behind-the-scenes insight into this new yacht.<img src="https://photo-assets.superyachttimes.com/photo/324087/image/large-ef76c68c75c2ba5510853c2c2f2bfc13.jpg" data-gid="gid://syiq/Photo/324087">Monaco Yacht Show We take a look at some of the spectacular superyachts on display at this year’s <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show</a>, including some of the exciting debuts including, the world’s largest sportfisher, <a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman (Company)">Royal Huisman</a>’s <a data-gid="gid://syiq/Yacht/10627" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Special One52.0m (170'7&quot;)Royal Huisman2024">Special One</a>.<img src="https://photo-assets.superyachttimes.com/photo/324083/image/large-d044a18f81af418c95b69ea5afff4b21.jpg" data-gid="gid://syiq/Photo/324083">History of MarietteNews Editor Sophie Spicknell delves into the history of the 42.06-metre sailing yacht <a data-gid="gid://syiq/Yacht/1190" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mariette 42.06m (137'12&quot;)Herreshoff1916">Mariette</a> to find out how she rightfully positioned her as a beacon of timeless elegance and maritime heritage.<img src="https://photo-assets.superyachttimes.com/photo/324070/image/large-1b474cf4f652baae3d8a4fd755d9b247.jpg" data-gid="gid://syiq/Photo/324070">You can find all of these stories and more in Issue 50 of the <a href="https://www.superyachttimes.com/newspaper" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times newspaper</a>, out now! You can pick up your copy at the upcoming <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show</a>, from the <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> stand at DS97.

SuperYacht Times newspaper Issue 50 is out now!

SuperYacht Times is proud to announce that Issue 50, our largest edition yet, of the SuperYacht Times newspaper is now available! 

Issue 50 has arrived: Dive into 10 years of the SuperYacht Times newspaper!

Justin Ratcliffe visits <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> shipyard and sits down with the CEO to find out about the shipyard that has most recently launched the explorer 47m <a data-gid="gid://syiq/Yacht/3834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="King Benji46.7m (153'3&quot;)Dunya Yachts2024">King Benji</a>. Sedat Ergun is the founder and CEO of <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya Yachts</a> in Turkey. The site of the shipyard in Tuzla Bay, Istanbul, has been in his family since the 1950s and was originally the setting of their holiday home. In 1983 it was developed into the Ursa Shipyard as part of a government initiative to move commercial shipbuilding out of the city centre. <img src="https://photo-assets.superyachttimes.com/photo/319977/image/large-da35a8f1f71fd5413637e98656000e3c.jpg" data-gid="gid://syiq/Photo/319977">After taking over the reins of the company in 2005, Sedat turned the shipyard into the superyacht facility it is today and was the driving force behind its first new-build: the award-winning 73-metre <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> with exterior styling by <a data-gid="gid://syiq/Company/1340" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sterling / Scott (Company)">Sterling Scott</a> and interiors by <a data-gid="gid://syiq/Company/19" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Pinto (Company)">Alberto Pinto</a>. Most recently <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> delivered the 47-metre explorer <a data-gid="gid://syiq/Yacht/3834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="King Benji46.7m (153'3&quot;)Dunya Yachts2024">King Benji</a> with exteriors by <a data-gid="gid://syiq/Company/62" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gregory C. Marshall Naval Architect Ltd. (Company)">Gregory C. Marshall</a> and interiors by <a data-gid="gid://syiq/Company/329" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Design Unlimited (Company)">Design Unlimited</a>. Other projects underway include a 48-metre catamaran support vessel (<a data-gid="gid://syiq/Yacht/11337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01045.43m (149'1&quot;)Dunya Yachts">DY010</a>), also by <a data-gid="gid://syiq/Company/62" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gregory C. Marshall Naval Architect Ltd. (Company)">Greg Marshall</a>, and a 90-metre flagship (<a data-gid="gid://syiq/Yacht/1597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts DY01290.0m (295'3&quot;)Dunya Yachts2026">DY012</a>) 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> with an <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a> interior. Over the last decade <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> has further established itself as a centre for complex refit projects, most notably the restoration of <a data-gid="gid://syiq/Yacht/4894" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cacouna36.2m (118'9&quot;)Camper & Nicholsons Shipyard1932">Cacouna</a>, the 1938 classic yacht by <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>.<img src="https://photo-assets.superyachttimes.com/photo/292807/image/large-41e55fa461c986c55408cba1a0578e73.jpeg" data-gid="gid://syiq/Photo/292807">Sedat studied in the US and spent time as a project manager in the construction industry specialising in enterprise resource planning (he is also a champion skier and part of his office is devoted to a workshop for preparing his ski equipment). This experience gave him an international outlook and business-savvy approach that was rare among Turkish yacht builders when he set up <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya Yachts</a>. Although he generally prefers to keep a low profile, we sat for a candid discussion during a recent visit to the shipyard.Why did you decide to diversify into superyachts and set up&nbsp;<a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya Yachts</a>&nbsp;in the first place?&nbsp;The family shipbuilding and repair business was successful, but I wanted to create a top-end facility to show how serious we were about building high-quality yachts. With the exception of <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a> [then Proteksan Turquoise], 20 years ago Turkish shipyards building yachts were rough-and-ready places with none of the modern infrastructures you see today. Another issue was the lack of management skills. Working in the construction industry taught me that good project management is essential, which is why we’ve always had a strong planning department at <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a>. The industry has matured and today we can compete with the best. Competition from brands like <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a> and <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> is the kind of competition I like, because the more good they do, the better it is for <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> – as long as they price higher than me! <img src="https://photo-assets.superyachttimes.com/photo/206943/image/large-915ce93daa513b3d4b707f949e1e9b4f.jpg" data-gid="gid://syiq/Photo/206943">Turkey is now rated the second-largest yacht building nation behind Italy and ahead of the Netherlands. How do you account for that growth?We know how to build boats, but Turkey also did well before the 2008 financial crisis from the overflow of enquiries in Europe, meaning when European yards hit capacity people start looking for alternatives and Turkey is ideal in terms of cost and location. The same thing is happening now. Back in 2005 you had more or less the same builders in Holland and Germany as you have today, but here the number of yards has exploded. You have guys renting a shed and trying to build 80 or 90-metre yachts, then 18 months down the road they’re out of business, which is not good for our reputation.&nbsp;That demand has also led to a shortage of skilled workers and subcontractors, which is pushing up prices. It’s easy to see why: If I’m making a decent wage and I’m happy with that wage but everyone is calling me offering me more, then I raise my prices, right? I had a fleet manager in here recently enquiring about a refit and he was amazed that it cost more than in the Mediterranean. I wasn’t surprised because we can be very opportunistic. <img src="https://photo-assets.superyachttimes.com/photo/40970/image/large-2488d27fe8d69d506dc2cae2d005bf26.jpg" data-gid="gid://syiq/Photo/40970" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;">In the past owners have built yachts in Turkey primarily to save money. Is that still the case?It’s true we don’t get the big budgets, but the price difference is less now than it used to be and the Italians can be very flexible with their pricing. Even when there is zero price difference between Italy and Turkey, 80 percent of clients will choose to build in Italy; not because of the quality, but because Made-in-Italy is a brand and Made-in-Turkey isn’t. By the same token, we can build to the same quality as <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> or <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>, but our production times are longer because we’re not as efficient as they are. I’ve tried to create interest in a Turkish yacht builders’ association like SyBASS, which <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> is now eligible to join, so that at least we have a common marketing strategy, but that’s mostly fallen on deaf ears.<img src="https://photo-assets.superyachttimes.com/photo/121707/image/large-6b32855c521010b7e5ece9ca84d33acd.jpg" data-gid="gid://syiq/Photo/121707" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;">Some industry people don’t like to hear this, but we’re basically in the assembly business. You have class A, class B and class C subcontractors, materials and equipment. But if you go with class C in Turkey, you’re going to end up with a class D product. At <a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a> we project manage the best designers and subcontractors and put it all together in a first-rate facility. That’s why for <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> I chose <a data-gid="gid://syiq/Company/19" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Pinto (Company)">Pinto</a> for the interior and List for the outfitting, two of the most expensive contractors in the business. That has paid dividends and <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> is already full for the coming charter season with a lot those charter guests signing up because they have homes designed by <a data-gid="gid://syiq/Company/19" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Pinto (Company)">Pinto</a>. <img src="https://photo-assets.superyachttimes.com/photo/121706/image/large-c2acb8f9d84d72b04c3c986fc02192c0.jpg" data-gid="gid://syiq/Photo/121706" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;">You recently delivered the explorer yacht <a data-gid="gid://syiq/Yacht/3834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="King Benji46.7m (153'3&quot;)Dunya Yachts2024">King Benji</a>, but you also have an aluminium catamaran and a 90-metre project that are being built on spec. What does that say about production at&nbsp;<a data-gid="gid://syiq/Company/928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dunya Yachts (Company)">Dunya</a>?That we’re custom builders and every yacht I build has to be different. It’s very difficult to sell boats on paper in Turkey, so I also have to build on spec. It can easily take a year from an initial meeting to a signed contract – and a lot can happen in Turkey in one year! If you have a yacht already in build the process moves much more quickly. <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> was built on spec and when I took her to the Monaco Yacht Show she was owned by the yard. The 90-metre project is a classic <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> design with broad appeal that I acquired from <a data-gid="gid://syiq/Company/429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ICON Yachts (Company)">Icon Yachts</a> and we’re finishing her with a bigger stern platform and a Sander <a data-gid="gid://syiq/Company/926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sinot Yacht Architecture & Design (Company)">Sinot</a> interior. We have the finances to take that project all the way if we have to. <img src="https://photo-assets.superyachttimes.com/photo/64454/image/large-da4aae10b3c7040a7fb6fb68659a31f2.jpg" data-gid="gid://syiq/Photo/64454">The catamaran was started as a supply vessel that got cancelled. We’ve now transferred the ownership and it now belongs to me. My sales pitch is that it’s a sub-500GT vessel with the same carrying capacity as a 75-metre <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen</a> that can carry 82 tons of toys and still do 21 knots. Further, I built the bow and stern of 80-metre Project Warrior by <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øeino</a> at the same time as <a data-gid="gid://syiq/Yacht/2390" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axioma72.0m (236'3&quot;)Dunya Yachts2013">Axioma</a> and we now have a green light from Lloyds to start that up again – you need to have one big boy on the go all the time. We’re also talking to a client for a repeat of KB6 [<a data-gid="gid://syiq/Yacht/3834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="King Benji46.7m (153'3&quot;)Dunya Yachts2024">King Benji</a>] but over 500GT. <img src="https://photo-assets.superyachttimes.com/photo/304087/image/large-99577c3684b4bb2ab491a3ec101ef0c8.jpg" data-gid="gid://syiq/Photo/304087">I want to prioritise quality over quantity and have three custom projects on the go at any one time with good budgets and decent margins. I also want to be closely involved in those projects because I love the project management side. That’s one thing I like about the smaller boats: you have direct contact with the client and If there’s an issue you sort it out face to face. That just doesn’t happen with a 90-metre.<img src="https://photo-assets.superyachttimes.com/photo/64452/image/large-a3d14ae974677cee7562aba6da6c23a0.jpg" data-gid="gid://syiq/Photo/64452">This article is featured in Issue 49 of the SuperYacht Times newspaper. You can find a full archive of all previous SuperYacht Times newspapers <a href="https://www.superyachttimes.com/newspaper" target="_blank">here</a>.

Sergat Ergun and Dunya Yachts

Justin Ratcliffe visits Dunya shipyard  and finds out about the launch of King Benji.

Sedat Ergün of Dunya Yachts: “Competition from brands like Turquoise is the kind I like”

For our latest instalment, Francesca Webster sits down with Michael di Luca, founder of superyacht crew recruitment agency <a data-gid="gid://syiq/Company/7555" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="mycrewagency. (Company)">mycrewagency</a>.&nbsp;From tradesmen, to trader, to superyacht recruiter. Since founding <a data-gid="gid://syiq/Company/7555" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="mycrewagency. (Company)">mycrewagency</a>. in 2017, the company has flourished into one of the best known names in the sector, with a new 30 person office in the UK and the largest social media presence in the superyacht recruitment industry. We sat down with founder Michael di Luca to find out about his career, his perspective on the superyacht recruitment and his plans for the future of the business. <img src="https://photo-assets.superyachttimes.com/photo/302798/image/large-bac26e89288c464c1544d87ada1a5b7a.jpg" data-gid="gid://syiq/Photo/302798">Please share your journey to entering the yachting industry and what sparked the idea of opening a crew recruitment firmI started my career as a plasterer, believe it or not. I come from a small area of London and for many people, the path of a tradesman is the expected one, but I realised that working as a builder wasn’t what I wanted to do. I didn’t want to be someone that looked back and regretted their path and because I had that fear from early on, I knew I had to make a change.&nbsp;I decided that finance would be a great career, and I pursued it, getting the relevant qualifications from the Chartered Institute of Securities and Investments and eventually started work as a commodities broker and loved it. I loved the pace of the role, the competitive nature of trading and being pushed to work hard and close accounts.&nbsp;Over the years I worked up the ladder, eventually deciding to make the move into offshore investment banking. A lot of my clients had superyachts and over the years of managing their portfolios, they’d talk to me about their yachts and the struggle they faced with crew recruitment and management.&nbsp;I started to look into the available recruitment agencies in the hope of giving my clients recommendations, but I was specifically looking for regulated agencies who had professional recruitment qualifications, and I couldn’t find any. That is where the spark was ignited, to fill that gap in the market and establish a crew recruitment agency that demanded high qualifications and regulated standards.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/302799/image/large-62a9ef5163ae10c6e7c1a25cd2738899.jpeg" data-gid="gid://syiq/Photo/302799">With no prior yachting experience, how did you get those first clients?The first thing back in 2017 was to get the qualifications through the Recruitment Employment Confederation, and of course learn about recruitment. I spent some time understanding the business of yachting before approaching any potential clients. In the first year I reached directly out to captains, and then gradually built a reputation, getting referred from captain to captain, after which time I reached out to my previous clients with my portfolio.&nbsp;It was important to me not to start with my previous clients from banking, because I wanted to know I was able to provide them the service they had been missing, and I was worried they would just tell me what I wanted to hear without being truly critical of the business – which would have created a weak foundation for the company.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/319130/image/large-d3fcf4b1351d55f81ad65d9f7d9e54e6.jpeg" data-gid="gid://syiq/Photo/319130">Could you elaborate on some key milestones and challenges that have shaped the company's journey so far?One of the biggest challenges we faced is that we had limited resources when we started off, so we hired remote contractors. We had people in France, the US, New Zealand, Spain etc, and because I was aggressive in my mentality to both growth and the standards we upheld, it became really difficult to manage. Over time it became apparent that many of those people weren’t looking for a career per se, and so it was challenging to get them onboard when it came to the qualifications, which have always been very important to me.&nbsp;Then trying to generate a company culture within a remote working environment was almost impossible, especially as we had nearly 30 remote contractors at one point.&nbsp;I definitely got carried away in that respect because I ended up fighting fires all the time, eventually we brought in a compliance officer to ensure that everyone was working to our established standards, and it highlighted a lot of leaks that needed to be plugged.&nbsp;I decided to scrap the remote working structure with a view to hiring office based employees who we could invest into with a view to creating a unique and meaningful company culture of which to use as a foundation to grow from, and gradually things began to change.&nbsp;We also decided to flip our own recruitment process on its head; instead of teaching ex. superyacht crew about recruitment, we then hired professional recruiters or individuals from a corporate background and taught them about yachting. The entire experience was a major learning curve for me, especially when it comes to managing a team at the highest level, and in a way it humbled me. It wouldn’t be the company it is today if we hadn’t faced those challenges.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/302797/image/large-d6aeb1ae4678657e5dcae5b34b69b520.jpeg" data-gid="gid://syiq/Photo/302797">Do you think it's to your advantage or disadvantage that you came from outside yachting?I really see it as a superpower, because it allowed me to view the industry through a completely different lens. There are absolutely benefits to coming from inside yachting, but I can hire those experts with that nuanced experience and learn from them. However, when it comes to understanding the corporate structure and commercial viability of a company, my background puts us in a fantastic position which I believe is a key factor to our success and one of many reasons why we stand out from the other recruitment agencies in our sector.&nbsp;Social media has been a big tool employed by the company. Can you tell me a bit about your strategy and why you think social media has such value in today’s market?First and foremost, I’ve always been aware that consumer culture changes and in order to succeed as a new business and beyond, you need to be at the forefront of those changes. I set out from the start with the audacious belief that we needed to be number one on social media, because I believed that it is the best way to show people what you do in a scalable way.Consistency was clearly a major factor of growth and so that is what we did, we have been consistent since the start, sharing a clear message and the growth has demonstrated that we’ve done it right. We are very proud to have created the largest and most meaningful social media following in the superyacht recruitment space, globally.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/319132/image/large-12786a58b41977e8d415b5a954b1e7d8.jpeg" data-gid="gid://syiq/Photo/319132">What are some of the biggest challenges that recruiters and captains face in the current climate - we have seen a shortage of crew over recent years for example?There have absolutely been shortages in terms of crew, and particularly in well qualified and experienced crew who are looking for a longer career onboard. As a result we are seeing poaching of the good crew and yachts fighting for committed crew members. On the other hand, salaries are better than ever and while not all yachts are equal, there is generally a lot more awareness today about the importance of quality crew living areas and rotation.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/302795/image/large-34a000e86bdc5a8aed92dfe7857cde15.jpeg" data-gid="gid://syiq/Photo/302795">In January you announced a new Recruitment Retainment Fee, how has the response been?Overwhelmingly good from captains and management teams, to the point that we are going to have to put a cap on new business in the coming weeks, which is an amazing problem to have and tells me we are going in the right direction. Unsurprisingly, there has been significant &nbsp;pushback from the crew recruitment sector itself, with a number of companies commenting across our socials to tell us how bad the new structure is. However, that only validates my founding opinion that we have a different approach to these businesses who believe that there are other ways of doing things. I am not dissuaded from the path we are on and I believe that our approach to researching the market and speaking with stakeholders was and is the correct path. &nbsp;Time, and the market will ultimately tell but so far, things could not be more positive and demand has outpaced even my own aggressive targets. &nbsp;Finally, what advice would you give to prospective entrepreneurs in the yachting industry?Have the right intentions. Especially in the crew recruitment sector where businesses appear and disappear every year. I truly believe that we are where we are because we set out with the goal of improving the business of superyacht recruitment, and have stuck firmly to that intention.&nbsp;This article is featured in&nbsp;Issue 49&nbsp;of the&nbsp;<a href="http://superyachttimes.com/" target="_blank">SuperYacht Times</a>&nbsp;newspaper.&nbsp;You can find a full archive of all previous SuperYacht Times newspapers&nbsp;<a href="https://www.superyachttimes.com/newspaper" target="_blank">here</a>.&nbsp;

Entrepreneur in Yachting: Michael di Luca of mycrewagency

For our latest instalment, Francesca Webster sits down with Michael di Luca, founder of superyacht crew recruitment agency mycrewagency. 

Founded in the mid-2000s by three partners Peder Eidsgaard, Ewa Eidsgaard and Ben Harrison, <a data-gid="gid://syiq/Company/168" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Harrison Eidsgaard (Company)">Harrison Eidsgaard</a> has evolved into one of the foremost design studios in the superyacht industry. Having bought their own studio and completely redesigned the space during an 18 month renovation, the 16 strong design team is now spread across four open-plan floors, within a bright and contemporary building featuring industrial elements that embodies the collaborative and open source mentality of the team. <img src="https://photo-assets.superyachttimes.com/photo/314726/image/large-d1b41c33aa533907165816dd791caccf.jpg" data-gid="gid://syiq/Photo/314726">This year is full of milestones for the studio, with the launch or delivery of six superyachts between 80 and 45 metres and the development of its first semi-custom series projects with both <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> and <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>. The studio is also finalising the dramatic two-year refit of the 72.2-metre <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta</a> superyacht <a data-gid="gid://syiq/Yacht/4814" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Albatross72.2m (236'11&quot;)Delta Marine2016">Albatross</a> at <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a>, another exciting project that reflects the breadth of the firm's capabilities.&nbsp;We took a tour of their new studio this Spring and sat down with the founders, as well as Senior Design Director Richard Whitehouse, to find out more about how <a data-gid="gid://syiq/Company/168" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Harrison Eidsgaard (Company)">Harrison Eidsgaard</a> has developed over the past twenty years, to get an insight into the upcoming projects and to hear a bit more about the culture that sits at the heart of every project the studio creates.<img src="https://photo-assets.superyachttimes.com/photo/314729/image/large-2bfc1b544a3cbbfbc709b267440bd9d6.jpg" data-gid="gid://syiq/Photo/314729">Space to reflect ethosUnlike many of its contemporaries, the studio was formed as a collaboration from its very beginning, and as a result there is no one leader that represents all of its projects. With project management split between the four senior team members, the studio is nimble, able to take on a number of significant projects despite its small size in terms of employees. Peder explains, “When we founded the company we always intended to remain small because we believe that the hands-on approach of the senior designers is extremely important. That belief has remained and we are all very active, particularly in the early stages of the design process, which is vital for the development of all team members.”Ewa adds, “Over the years we have grown conservatively, and we are advocates for slow growth. We have worked hard to maintain the ethos of a small firm, and as a result we are very careful when it comes to selecting new team members because our passion is for younger team members to learn all the time from the senior designers.”<img src="https://photo-assets.superyachttimes.com/photo/314728/image/large-9b8715a217759f40312831080de5b769.jpg" data-gid="gid://syiq/Photo/314728">The design of the studio itself deeply reflects that ethos of collaboration, and though the building is split over four floors, an entirely open and interconnecting stairwell at the heart unites the two design floors in both proximity and sound. While the three founders are above sharing their space with the samples area, their airspace is intrinsically linked with the team on the floor below and as a result their creative discussions are shared with the entire team, allowing them to learn from each other. When discussing the new space with their clients, all shared the same desire to “see where the magic happens”, and to get an insight into the workings of the studio from its surroundings.<img src="https://photo-assets.superyachttimes.com/photo/314732/image/large-975307acebacff133b502924b39a8c19.jpg" data-gid="gid://syiq/Photo/314732">Interior DesignThe sample area is a perfect example of those inner workings. The space over with Ewa reigns is open plan with a series of large storage tables, each bursting with fabrics swatches, marble slabs and intricate wall samples, where material choices can be arranged and examined. Like the inner workings of a designer's mind, the team is able to pick over thousands of the world’s best samples and pull together their clients wishes – often with the client in collaboration, working alongside them at the studio to realise their ideas. <img src="https://photo-assets.superyachttimes.com/photo/306169/image/large-83e2dd0d9a1b94d7f768948b67ee85d3.jpg" data-gid="gid://syiq/Photo/306169">When asked to describe Ewa’s technique and style, Ben and Richard agreed that it is Ewa, who leads the interior team, that is bravest among them, “she is boldest and bravest, always researching, always seeking out the newest techniques, the most interesting materials to incorporate the fashions of the day and to push us into exciting territory.” Inquisitive and palpably excited by design and its ever changing trends, Ewa is passionate about contemporary design, a passion that all founders share.<img src="https://photo-assets.superyachttimes.com/photo/306171/image/large-721d0fe8afd7bad49091972345dae8eb.jpg" data-gid="gid://syiq/Photo/306171">During an interview with SYT in 2018, Ben Harrison commented that it was that very passion that united the founders in the first place. He adds, “We all share that love for modern contemporary design, but our work is not limited to that alone and our projects reflect our adaptability – which is a vital ability when it comes to custom superyacht design.” While the studio has created an array of interior projects, their fingerprints can be seen within a collective purity, spotlighting a limited selection of materials and creating focal points of design within each space.Representative of the studio’s principles, their touch can be seen within the designs of the new Xplorer 80 from <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>. Unveiled in March during the <a data-gid="gid://syiq/Event/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2024">Palm Beach Boat Show</a>, the Xplorer 80 is a prime example of the studio’s interior work. Encapsulating the vessels intended use as a go anywhere explorer superyacht, the spaces are balanced between functionality and aesthetic design and the overall result is a serene and luxurious concept.<img src="https://photo-assets.superyachttimes.com/photo/104137/image/large-89e38f5e9a14871220366ade1dbe0c83.jpg" data-gid="gid://syiq/Photo/104137">Exterior&nbsp;While all design at the studio is a collaborative effort, Peder Eidsgaard leads the charge when it comes to exterior design. His creative flair can be quickly identified in the lines of both the studio’s larger projects, such as <a data-gid="gid://syiq/Yacht/6423" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CC-Summer95.0m (311'8&quot;)Lürssen Yachts2019">Madsummer</a> (now <a data-gid="gid://syiq/Yacht/6423" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CC-Summer95.0m (311'8&quot;)Lürssen Yachts2019">CC-Summer</a>), <a data-gid="gid://syiq/Yacht/2449" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tango77.7m (254'11&quot;)Feadship2011">Tango</a> and <a data-gid="gid://syiq/Yacht/7129" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vanish71.5m (234'7&quot;)Feadship2021">Vanish</a>, right through to the smaller projects such as the new 50 Steel series from <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>, Grace.&nbsp;Championing traditional design skills, Peder emphasises the importance of working from paper and pen and his process is fluid, translating the wishes of the owner into 2D dimensions before they are developed in CAD. “Today there is a great focus on 3-dimensional drawings for superyacht projects, but I believe that sketching by hand is an integral part of the design process,” explains Peder Eidsgaard. “For the <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/7129" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vanish71.5m (234'7&quot;)Feadship2021">Vanish</a>, launched in 2021, the final yacht is almost identical to the sketch I created while sitting in the airport directly after meeting the client – it is that intuitive design process that we really pride ourselves on here at the studio.”<img src="https://photo-assets.superyachttimes.com/photo/314733/image/large-be77ee54f3d12dcda8df218c8465402e.jpg" data-gid="gid://syiq/Photo/314733">When asked to identify the key thematic elements within their work, both Ben and Peder responded that it is the sight-lines that they are extremely careful to preserve. “Good design is almost impossible to put your finger on,” adds Ben Harrison, “but when something isn't right, you feel it when you’re within the space.” A subtle balance that comes with experience and expertise, the details of elements such as door and bulwark heights, that impact the visibility from within and outside the vessel, are a preoccupation of the team.Recognising a yacht as a platform upon which an owner and their guests can live and experience life, and as a result the studio is deeply focused on the flow through the vessel and the feeling of being aboard. This all comes back to the value the team shares of creating a liveable design, with individual focal points within each space, so that the design embraces the guest rather than overwhelms them. <img src="https://photo-assets.superyachttimes.com/photo/306178/image/large-5eb233cb0e7bd4da7954bb58a9eb192d.jpg" data-gid="gid://syiq/Photo/306178">Semi-Custom CreationsWhile the studio is best known for its full-custom superyacht projects, such as the 74.5-metre <a data-gid="gid://syiq/Yacht/6403" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M’Brace74.5m (244'5&quot;)Abeking & Rasmussen2018">Elandess</a> (now <a data-gid="gid://syiq/Yacht/6403" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M’Brace74.5m (244'5&quot;)Abeking & Rasmussen2018">M'Brace</a>), 95-metre <a data-gid="gid://syiq/Yacht/6423" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CC-Summer95.0m (311'8&quot;)Lürssen Yachts2019">Madsummer</a> or the 77.7-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> <a data-gid="gid://syiq/Yacht/2449" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tango77.7m (254'11&quot;)Feadship2011">Tango</a>, the past year has seen an exciting development for the team, with the announcement of semi-custom superyacht projects with both <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> and <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a>. Both Dutch shipyards are renowned for the success of their semi-custom series’, and the new 50 Steel series with <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> and the interior projects for the later <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 60 series, mark a turning point for the studio, while also offering new potential within the remit of design.&nbsp;Though semi-custom is not entirely new for the team, they have been working on the exterior and interior of <a data-gid="gid://syiq/Company/5725" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scout Boats (Company)">Scout Boats</a>’ new 67-foot flagship sportfisher, as well as previous projects with the Airbus 160, it has offered the studio an opportunity to experiment with a new level of creativity. Ewa adds, “it's a balancing act, on one side you are unlimited in terms of potential, but on the other you are looking to create a design that has a broad appeal and can easily be adapted in terms of styling, which is an exciting challenge for the entire team.”<img src="https://photo-assets.superyachttimes.com/photo/314735/image/large-4c22fa1e2997aa7f388030ef611bdd77.jpg" data-gid="gid://syiq/Photo/314735">An exciting moment for the studio in terms of the business itself, Ben Harrison in particular has been championing the semi-custom capabilities of the company to diversify the studio’s portfolio. Full-custom projects, and the studio has a number of large full custom yachts under construction at the moment, such as the the 79-metre <a data-gid="gid://syiq/Yacht/6438" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Toro79.0m (259'2&quot;)Turquoise Yachts2024">Toro</a> at <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a>, tend to be incredibly private yachts.&nbsp;Now with more than 14 projects underway, we hope that we’ll be seeing even more of <a data-gid="gid://syiq/Company/168" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Harrison Eidsgaard (Company)">Harrison Eidsgaard</a>’s designs over the coming years, and make sure to keep your eyes peeled in the coming months for the launch of&nbsp;<a data-gid="gid://syiq/Yacht/6438" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Toro79.0m (259'2&quot;)Turquoise Yachts2024">Toro</a>.

Harrison Eidsgaard yacht designers

Francesca Webster visits Harrison Eidsgaard’s new Richmond studio to hear about the evolution and future of the studio.

Harrison Eidsgaard on collaboration, the art of perspective and their new studio

Frank Neubelt, an award-winning yacht designer and naval architect, has made significant contributions to the superyacht industry for over three decades. 35 years ago, he initiated &nbsp;his career under his studio label <a data-gid="gid://syiq/Company/27" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Newcruise (Company)">Newcruise Yacht Design and Project</a> and later went on to establish <a data-gid="gid://syiq/Company/5552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Yacht Couture by Frank Neubelt Yacht Design (Company)">Frank Neubelt Yacht Design</a> (<a data-gid="gid://syiq/Company/5552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Yacht Couture by Frank Neubelt Yacht Design (Company)">FNYD</a>) in 2013, along with the international project development and technical design hub <a data-gid="gid://syiq/Company/5552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Yacht Couture by Frank Neubelt Yacht Design (Company)">German Yacht Couture</a> (<a data-gid="gid://syiq/Company/5552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Yacht Couture by Frank Neubelt Yacht Design (Company)">GYC)</a>. Frank's work spans a diverse array of international projects and clients, including both sailing and motor yachts. His collaborations extend across Northern and Southern European yards, and various other yards in the US and Asia.<img src="https://photo-assets.superyachttimes.com/photo/317513/image/large-52fe63c9c6a6b9d0d694af9092d0de30.jpg" data-gid="gid://syiq/Photo/317513"><a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a> writer Enrico Chhibber had a lengthy discussion with Frank, delving into his life story, the evolution of superyacht design, and the industry’s changes over his career, as well as his current and upcoming projects.Frank has been immersed in the maritime lifestyle since he was eight years old, growing up in a family with a strong sailing tradition. Describing sailing as a ‘family thing’, Frank recounted, “Every weekend, we would take to the water in dinghies and other boats. By the age of 13, I was allowed to sail on our yacht, which I still own today”. The sailing yacht is a 44-feet <a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman (Company)">Royal Huisman</a> yacht named Baleia, designed by Alan Gurney, is one of the very first aluminium-built <a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman (Company)">Huismans</a> with a wooden superstructure.&nbsp;From a young age, Frank and his family sailed around the world onboard the Baleia, exploring diverse locales from Scandinavia and Britain to the Mediterranean and his dream city, New York. He still owns the sailing yacht today and spends several months each year cruising in the Med, describing his voyages as a ‘think-tank’ for his design developments. Frank’s lifelong passion for yachting inspired him to study boat building in Flensburg, Germany, where his IOR 1-ton racing activities deepened his interest in yacht design and construction. He fondly recalls; “The world of yachting was a kind of heaven, so I studied naval architecture with the hope of becoming a yacht designer one day.”<img src="https://photo-assets.superyachttimes.com/photo/229573/image/large-c8ce78e521caac8d2bcef6f139e3997a.jpg" data-gid="gid://syiq/Photo/229573">Recounting his first foray into the industry in 1987, Frank shared how his path crossed with Niels Jeppesen, the designer and founder of &nbsp;<a data-gid="gid://syiq/Company/6087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="X-Yachts (Company)">X-Yachts</a>, while he was still a student. "I asked him if I could do an internship at his yard," Frank explained. At that time, <a data-gid="gid://syiq/Company/6087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="X-Yachts (Company)">X-Yachts</a> was gaining recognition, particularly among younger sailing enthusiasts. Initially just an internship, the stint extended as he was asked to stay for another year. Although he had hoped to continue working as a technical co-designer at <a data-gid="gid://syiq/Company/6087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="X-Yachts (Company)">X-Yachts</a>, ultimately, Niels decided to let him go.<img src="https://photo-assets.superyachttimes.com/photo/317514/image/large-d566da1e43cf805069dae68c915d6146.jpg" data-gid="gid://syiq/Photo/317514">What seemed like a little disappointment at the time actually became the catalyst Neubelt needed to strike out on his own as a designer. Frank recounted Niels's advice: "you are truly passionate, why don't you open your own studio?" Reflecting on his uncertainties, he admitted, "okay, but nobody knows me. At that time, I was recognised only in the racing scene and among yacht clubs in Germany." Despite these concerns, Niels encouraged, saying, "Why don't you try?”In 1989, Frank Neubelt, along with two fellow students and friends, established <a data-gid="gid://syiq/Company/27" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Newcruise (Company)">Newcruise Yacht Design and Project</a>. Frank took on the responsibilities of yacht design, while his colleagues focused on engineering and development. "About 35 years ago, we began a collaboration with a Swedish shipyard, designing 40-foot and 50-foot yachts for them," Frank recounted.<img src="https://photo-assets.superyachttimes.com/photo/302908/image/large-1fe043c7be7600da7fdba3912247228a.jpg" data-gid="gid://syiq/Photo/302908">Initially focusing on sailing yachts, in 1995 <a data-gid="gid://syiq/Company/27" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Newcruise (Company)">Newcruise</a> expanded to include motor yacht projects following client requests. Describing the transition, Frank highlighted his initial reluctance, stating: "At that time, I was not very keen on the idea, as the cultures of sailing and motor yachting were quite distinct, each attracting different types of enthusiasts."The expansion into motor yachts proved successful, as Frank explained:”'I designed a 60-foot motor yacht that was built by <a data-gid="gid://syiq/Company/130" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonen Yachts (Company)">Moonen</a> for a German client, along with two additional 60-foot sailing yachts in the 1990s, constructed in Hong Kong. The success of the <a data-gid="gid://syiq/Company/130" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonen Yachts (Company)">Moonen</a> yacht garnered the interest of another German owner, who approached us with a request to create something special, potentially up to 40 metres”. The result was the 34-metre <a data-gid="gid://syiq/Yacht/1106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xanadu 34.0m (111'7&quot;)Moonen Yachts1997">Xanadu</a>.<img src="https://photo-assets.superyachttimes.com/photo/251871/image/large-68fb01098c6145efb44c917d2d96ec44.jpeg" data-gid="gid://syiq/Photo/251871">Frank has collaborated with shipyards worldwide, including Russia and Poland, where he designed the 39-metre award-winning <a data-gid="gid://syiq/Company/835" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hotchya Shipyard (Company)">Hotchya</a> motor yacht <a data-gid="gid://syiq/Yacht/1212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gaja39.0m (127'11&quot;)Hotchya Shipyard2006">Gaja</a>, followed by the Gdansk built 26-metre sailing yacht Opium. His work led him to collaborate with shipyards in the USA, Turkey, China, and Italy. Describing his experiences as adventurous, he noted, "I was never afraid to collaborate with unknown builders because I strongly believe that assembling the right group of professionals allows you to build wonderful yachts of quality and excellence. It all comes down to knowledge, enthusiasm, and creativity, coupled with mutual respect. With these elements, you can create the perfect yacht for any owner, provided they are trusting on the analysis to cover their new-build projects seriously."<img src="https://photo-assets.superyachttimes.com/photo/56176/image/large-6ce3d14946cf2deab3c70815a7c192af.jpg" data-gid="gid://syiq/Photo/56176">As the conversation progressed, Frank highlighted the evolution of his projects, noting a significant increase in size from 2000 to the early 2010s. “During that decade, I brought in a young co-partner and we transformed our operations into a fully-fledged project and design house,” he explained. “At the same time, I co-founded the German Yacht Industry pool, Deutsche Yachten, and facilitated a client's order at <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a>, which helped establish their transition to a superyacht builder.” Frank designed and his team oversaw the construction of several award-winning yachts, including the 68-metre <a data-gid="gid://syiq/Yacht/2" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Triple Seven68.0m (223'1&quot;)Nobiskrug2006">Triple Seven</a>, the 73.5-metre yachts <a data-gid="gid://syiq/Yacht/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Siren73.5m (241'2&quot;)Nobiskrug2008">Siren</a> and <a data-gid="gid://syiq/Yacht/1712" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Vera73.5m (241'2&quot;)Nobiskrug2011">Lady Vera</a> (ex Sapphire). He added, “Moreover, my hull designs and naval architecture formed the technical foundation for superyachts like 73.51-metre <a data-gid="gid://syiq/Yacht/1713" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mogambo73.51m (241'2&quot;)Nobiskrug2012">Mogambo</a>, 73.55-metre <a data-gid="gid://syiq/Yacht/1714" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dytan73.55m (241'4&quot;)Nobiskrug2012">Dytan</a>, and the 73.8-metre <a data-gid="gid://syiq/Yacht/2824" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Odessa II73.8m (242'2&quot;)Nobiskrug2013">Odessa</a>.” His largest project to date is the 115-metre <a data-gid="gid://syiq/Company/1075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd Werft (Company)">Lloyd Werft</a> explorer superyacht <a data-gid="gid://syiq/Yacht/1752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luna115.0m (377'4&quot;)Lloyd Werft2010">Luna</a>, delivered in 2010.<img src="https://photo-assets.superyachttimes.com/photo/94275/image/large-d20626c7591959d8947fc520d6de10c5.jpg" data-gid="gid://syiq/Photo/94275">As a result of the 2008 global financial crisis, work at the studio began to dwindle, leading to internal debates about the need for restructuring. During this challenging time, Frank felt compelled to leave his life's work and the <a data-gid="gid://syiq/Company/27" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Newcruise (Company)">Newcruise</a> label. He described the decision as “extremely painful”. Seeking solace and reflection, he spent one and a half years sailing on his boat. Unfortunately, after his departure, <a data-gid="gid://syiq/Company/27" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Newcruise (Company)">Newcruise</a>'s reputation suffered, and the studio ceased operations two years later.<img src="https://photo-assets.superyachttimes.com/photo/37510/image/large-1e6cbfcee8de7751942a02ae2f9be75e.jpg" data-gid="gid://syiq/Photo/37510">Frank Neubelt founded <a data-gid="gid://syiq/Company/5552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Yacht Couture by Frank Neubelt Yacht Design (Company)">Frank Neubelt Yacht Design</a> in 2013, a boutique studio located in Hamburg, with its co-branch in Palma by the <a data-gid="gid://syiq/Company/7199" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Real Club Nautico de Palma (Company)">Real Club Nautico</a>. This initial venture evolved into the establishment of <a data-gid="gid://syiq/Company/5552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Yacht Couture by Frank Neubelt Yacht Design (Company)">German Yacht Couture</a> (<a data-gid="gid://syiq/Company/5552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Yacht Couture by Frank Neubelt Yacht Design (Company)">GYC</a>). Neubelt views <a data-gid="gid://syiq/Company/5552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Yacht Couture by Frank Neubelt Yacht Design (Company)">GYC</a> not just as a project agency but as a collective design hub. He explained, "<a data-gid="gid://syiq/Company/5552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Yacht Couture by Frank Neubelt Yacht Design (Company)">GYC</a> serves as a collaborative space where carefully selected &nbsp;affiliated cooperatives with long years in the industry come together to create a dynamic environment that aids clients in preparing and realising the construction of their bespoke superyacht."<img src="https://photo-assets.superyachttimes.com/photo/309919/image/large-fe75f61e8880b36fd5b49549e5954e4f.jpg" data-gid="gid://syiq/Photo/309919">Frank remains actively involved in both ventures, ensuring a seamless integration of design innovation, naval architecture, project development and its &nbsp;management, exterior styling, Interiors &nbsp;and client engagement. Stating: “My personal philosophy is that any owner ought to &nbsp;enjoy the journey of creating their personalised yacht from the first sketch to the launch. That's the goal, which is challenging my passion in this wonderful job every time again. ” &nbsp; &nbsp;Reflecting on his most influential project, Frank affirmed, "Each one propelled us forward." He explained that every project provided a new key, unlocking further inspiration and opportunities for innovation. "It's a continuous learning process that enhances our expertise and enriches our design capabilities, whether for sailing or motor yachts."<img src="https://photo-assets.superyachttimes.com/photo/272819/image/large-e618a3b835757ed5918ce7f599729404.jpeg" data-gid="gid://syiq/Photo/272819">A particularly sophisticated project for Frank was the 73.5-metre <a data-gid="gid://syiq/Yacht/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Siren73.5m (241'2&quot;)Nobiskrug2008">Siren</a>. During her construction, he pioneered an innovative building system that has since been widely adopted. This technique involved constructing both the hull and superstructure entirely in steel, with the superstructure formed from rough steel boxes. Composite materials were used for cosmetic styling. Advances in 3D CAD/CAM and CNC-milled section production around 2005 significantly enhanced this process, enabling seamless module construction across the entire production line. This approach allowed the yard to utilise the same hull across different designs while customising the styling on top, thereby saving both money and construction time. Reflecting on this, Frank stated, “<a data-gid="gid://syiq/Yacht/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Siren73.5m (241'2&quot;)Nobiskrug2008">Siren</a> exemplified innovation in both her design and production methods, marking a significant milestone in yacht building”.<img src="https://photo-assets.superyachttimes.com/photo/317517/image/large-845efcea4fcfeb476b6d78f0350f21c1.jpg" data-gid="gid://syiq/Photo/317517">When asked about the transition from designing sailing yachts to motor yachts and the associated challenges, Frank explained, "The first challenge was rethinking the design to accommodate how people live on these vessels, their usage, and their values. Motor yacht design focuses on creating a functional vessel that enhances the experience of being on the water. This includes ensuring that all luxury amenities one would expect in a well-appointed villa are onboard, such as optimal illumination, superior and quiet air conditioning systems, and interiors that are both functional and aesthetically pleasing, whether modern, traditional, or any style in between."<img src="https://photo-assets.superyachttimes.com/photo/317515/image/large-c9430dcfd5e4fb2a97df786e68aff3ad.jpg" data-gid="gid://syiq/Photo/317515">He further noted, "When promoting motor yachts, clients expect the design to exude relaxation and splendour, as well as a bespoke individual elegant aesthetic. They view these yachts as high-performance vehicles on the water, requiring excellent stability and smooth handling to prevent seasickness. Additionally, for any type of yacht over 40-45 metres, designing discrete crew quarters is crucial to ensure that staff can operate without disturbing guests."<img src="https://photo-assets.superyachttimes.com/photo/317516/image/large-83336212539ffe19b8b97124cf417527.jpg" data-gid="gid://syiq/Photo/317516">Frank Neubelt's studio and the <a data-gid="gid://syiq/Company/5552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Yacht Couture by Frank Neubelt Yacht Design (Company)">GYC agency</a> are influencing the yacht design scene with innovative projects. Among these is the 42.7-metre aluminium-carbon performance sailing flybridge cruiser, the C-140, which is being constructed at <a data-gid="gid://syiq/Company/2229" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Conrad Yachts (Company)">Conrad Yachts</a> and is set for delivery in 2026. Created and tailored for newcomers to sailing, this yacht offers a design that emphasises speed and safety, making it ideal for world cruising. It features a saloon deck akin to those on 24-30-metre motor yachts, merging comfort with the practicalities of performance superyacht sailing.<img src="https://photo-assets.superyachttimes.com/photo/247382/image/large-d7ec6fd647156672b1638491a81be0f4.jpg" data-gid="gid://syiq/Photo/247382">In addition, Frank has developed a unique 71.6-metre hybrid world cruiser concept named Screen, potentially in collaboration with <a data-gid="gid://syiq/Company/2013" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ares Yachts (Company)">Ares Yachts</a> in Antalya. Moreover, <a data-gid="gid://syiq/Company/5552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Yacht Couture by Frank Neubelt Yacht Design (Company)">GYC</a> is set to unveil another 95-metre explorer concept. Frank is currently seeking a high-quality shipyard to realise this vision of a world cruising explorer superyacht. This article is featured in&nbsp;Issue 49&nbsp;of the&nbsp;<a href="http://superyachttimes.com/" target="_blank">SuperYacht Times</a>&nbsp;newspaper.&nbsp;You can find a full archive of all previous SuperYacht Times newspapers&nbsp;<a href="https://www.superyachttimes.com/newspaper" target="_blank">here</a>.&nbsp;

At the studio: The resurgence of superyacht designer Frank Neubelt 

Enrico Chhibber sat down with the titan of superyacht design, Frank Neubelt, to discuss his life and passion for sailing.

With his appointment as the new President of the <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA association</a> announced in April, SuperYacht Times’ Jessamie Rattray and Francesca Webster sat down with Raphael Sauleau to find out how he intends to bring a fresh approach to the association that has just celebrated its 40th anniversary.&nbsp;What is your vision for your tenure as President of <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a>, particularly in respect of Yachtfolio and its development?As an association, <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a> is run by panels and committees and so it is not the case of changing things as one individual, but our vision as the board is to review our processes and to become faster at developing projects and products for our members. Yachtfolio, which we have been working hard on for the past two years, is going to be a major focus of mine. The platform was quite obsolete in its original format, but we have bought in a company to rebuild the platform and now we will be implementing the ads, because the platform has been missing elements that help brokers to perform.&nbsp;We are also going to have a thorough review of our existing processes, including the yacht show which has been successful this year, but which we can still improve. The location of the future shows are still up for discussion between Genoa and San Remo and we will soon decide which one. <img src="https://photo-assets.superyachttimes.com/photo/245836/image/large-83bd41ab5d0f12028e30ada83d3a867d.jpg" data-gid="gid://syiq/Photo/245836">So Yachtfolio is now functional and being used by brokers?It absolutely is. Of course as we have rebuilt the platform there are elements that are new and which brokers are not used to yet – so there are some teething issues – but we are going to continue to develop it and iron out any bugs over the coming months with the developers.&nbsp;How does <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a> feel about other companies coming into the Yachtfolio space, namely Ankor who launched a charter calendar software last year?My take is very simple, we are the one and only tool which has been utilised by brokers worldwide. Obviously it went through some bumpy times with lack of improvement, but we have worked through these and are receiving very positive feedback from the brokers.&nbsp;It is also important to note that we undergo a lot of due diligence for brokers to become <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a> members. We are diligent with all of the yachts that are given access to the platforms because we want to ensure a certain level of charter boat. This does however mean that some smaller yachts and brokers are not given access to the systems, which is something that we are looking into for the future, perhaps creating a Yachtfolio for smaller boats. <img src="https://photo-assets.superyachttimes.com/photo/276439/image/large-5d0e96dd70316d12074110f8ae4542ca.jpg" data-gid="gid://syiq/Photo/276439">The Association has historically received some criticism, as you have outlined, what are the main advantages for brokers becoming <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a> members?<a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a> is the pillar of our industry. The association has gone through highs and lows, but the <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a> contract is the contract used by our industry and though it needs refreshment, it is the most recognised and respected out there. Its wide utilisation recognises its importance to the sector. <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a> was founded 40 years ago, and I believe it has been proven as a reliable institution for our industry, irrespective of the bumpy time it may have gone through, I see it as a very strong association going forward. And obviously I'm here to make it stronger and stronger with the board and the members.&nbsp;If you look at the amount of companies applying for membership, and the waitlist for the shows alone, you can see that it has a solid reputation.&nbsp;Is there any conflict of interest as both the CEO of&nbsp;<a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>&nbsp;and the President of <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a>?Not at all. Each committee is run by people from each member company. The goal is to have perspectives from each company. Of course that also poses challenges, because we are all working pro bono which means it is harder to be very reactive - but this is one of the things we will be working to improve.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/310580/image/large-e83336851740caf22cb3a488a36d7ff7.jpeg" data-gid="gid://syiq/Photo/310580">For the upcoming conference with <a data-gid="gid://syiq/Company/6362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYBA (Company)">IYBA</a>, do you already have topics on the table?The industry is getting bigger and bigger with more members, and while <a data-gid="gid://syiq/Company/2717" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MYBA - The Worldwide Yachting Association (Company)">MYBA</a> is super strong in Europe, <a data-gid="gid://syiq/Company/6362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYBA (Company)">IYBA</a> is extremely strong in America. So it's a very good thing that both Associations are coming together once or twice a year, and come up with initiatives such as at the, the panel, the conference, which will take place in June. The idea is to discuss the challenges our sector faces, such as the Class Action that is currently taking place in the US, which is of course also impacting European companies with American offices.&nbsp;I believe that this kind of collaboration will make us as an Association stronger so I look forward to our discussions next month.&nbsp;Finally, looking to&nbsp;<a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>&nbsp;in Greece and Fraser’s recent acquisition of Atalanta Golden Yachts, how is the team feeling about another house in this region?As ex-Fraser CEO, of course I knew that part of their strategy was to expand into Greece and it definitely increases the sense of competition having such a strong house making this kind of move. However, I would say that as <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> we are very strong in what we can do, we are here at <a data-gid="gid://syiq/Event/203" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mediterranean Yacht Show - 2024">MEDYS</a> with more than 20 excellent yachts and we are regularly signing more vessels onto our charter management, so I am not concerned about the competition – it is always healthy. We plan to continue our organic growth, as seen by the acquisition of <a data-gid="gid://syiq/Company/4463" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtlove (Company)">Yachtlove</a> in January, and as always our greatest strength is the fantastic team that we have at the firm.&nbsp;This article is featured in&nbsp;Issue 49&nbsp;of the&nbsp;<a href="http://superyachttimes.com/" target="_blank">SuperYacht Times</a>&nbsp;newspaper.&nbsp;You can find a full archive of all previous SuperYacht Times newspapers&nbsp;<a href="https://www.superyachttimes.com/newspaper" target="_blank">here</a>.&nbsp;

Modernising MYBA with new President Raphael Sauleau

SuperYacht Times sat down with Raphael Sauleau, the new President of the MYBA association, to discuss future plans. 

As the summer season begins, we asked top brokers about the state of the charter market and their predictions for the summer 2024 charter season.With the Mediterranean yacht charter market in its opening weeks and the Spring charter shows just behind us, we asked top brokers if this season is set to hit the highs of the past few years. The answer appears to be that the jury is still out. While a number of the most popular charter yachts experienced a flurry of early bookings at the tail end of last year, many yachts are expecting a surge of last minute bookings as clients begin – later than previously anticipated – to firm up their summer season plans.&nbsp;Mark Duncan, Director of Marketing &amp; Business Development at <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> puts it into numbers; “In general, even though the demand for superyacht charter has slowed down a little since the post COVID boom in 2021, 2022 and 2023 still reported a major increase in number of days secured with +40% and +20% respectively, when compared to pre-covid times. Being only five months into 2024, we are already observing robust charter activity for the year ahead, with the understanding that certain clients may still opt for last-minute bookings. Noticeably, talking sizes, there is more demand for bigger yachts, as <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> placed 7% more bookings onboard 60 metre-plus yachts in 2023 when compared to previous years.”<img src="https://photo-assets.superyachttimes.com/photo/316460/image/large-0fb01ef9b4d0d5bbf17f713f14dfedb0.jpg" data-gid="gid://syiq/Photo/316460">Like the yacht sales market, what we appear to be seeing in early 2024 is a levelling of demand, and while some are optimistic that the demand has not dropped back to pre-Covid levels, not all brokers agree. Citing economic uncertainty linked to the conflicts in the Middle East and Eastern Europe, it is clear that the start of the year has seen a drop in demand when compared to previous years; “Charter demand is following a similar pattern to last year, with a significant drop in bookings compared to the post-Covid boom of 2021 and 2022 due to various factors such as inflation coming into play,” reported Chloe Riley, Head of Charter Management at <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a>. “It could also be argued that market trends have simply reverted to pre-Covid times.”&nbsp;The European market appears to be following a similar pattern to what was seen in the Caribbean during last winter, and Sacha Williams of <a data-gid="gid://syiq/Company/1713" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson Yacht Charters (Company)">Northrop and Johnson</a> explains “The charter market has definitely returned to pre-pandemic levels with some regions feeling it more than others. New England and the Bahamas were booming when Americans were holidaying on home soil. Now, the appetite for international travel has returned and these destinations have definitely seen a slow down.”<img src="https://photo-assets.superyachttimes.com/photo/316459/image/large-285aef7cdce0a5e44b19c770dab9989e.jpg" data-gid="gid://syiq/Photo/316459">But, as we head into the summer season, where is the demand most strongly felt? During a conference in Monaco this January, the regional government expressed concern that the demand for superyacht charters and cruising in the South of France had begun to diminish, citing new regulations and the increasing popularity of the Eastern Mediterranean as major deterrents. However, according to the experts, the draw of the French Riviera remains high; Raphael Sauleau, CEO of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> elaborates, “France and Italy have retained their popularity for yacht charter, dominating with up to 70% of the market in 2023. New legislation in the South of France has made it a bit challenging, but I don't think we are going to see a decrease in the appetite for the traditional charter routes any time soon.”As always, events have a major part to play and the upcoming Monaco Grand Prix, the Cannes Lions, Film Festival and the <a data-gid="gid://syiq/Event/190" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="America's Cup - 2024 - 37th America's Cup Barcelona">America’s Cup</a> will all draw yachts from all over the Mediterranean. “Looking at our current bookings, the West Med (Italy and France) remain the most popular,” Ben Harwood, Head of Charter at <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> told us. In a similar vein, <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>’s Frances Edgeworth highlighted that “Corsica &amp; Sardinia are very popular this year, as is the Amalfi Coast.”The strength of France and Italy should not, however, diminish the increasing popularity of the Eastern Mediterranean, particularly Greece which appears to flourish in the 40-50 metre segment. The <a data-gid="gid://syiq/Event/203" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mediterranean Yacht Show - 2024">MEDYS</a> event in Nafplio demonstrated once again the strength of the local yachting fleet and owners are evidently feeling positive about the upcoming season. Towards the beginning of the year there was some concern that the loosening of the Greek charter regulations would saturate the market with foreign flagged yachts. So far, however, the impact appears to be far less aggressive, with the 28 day charter cap encouraging instead more yacht owners who have rarely cruised in the region. <img src="https://photo-assets.superyachttimes.com/photo/316457/image/large-5343b6325fcd00e81b30a1b70260f568.jpg" data-gid="gid://syiq/Photo/316457">George Brotherton, Sales &amp; Charter Broker at TJB, also recognised the popularity of the East Mediterranean. “Among the destinations capturing the attention of our clients this year are Croatia and Montenegro, Turkey, and the Ionian Islands in Greece.” He explained, “These cruising grounds offer the perfect opportunity for clients to explore secluded coves and picturesque coastlines while immersing themselves in rich cultural heritage at their own pace.”However, some of our interviewees noted that Greece’s neighbour, Turkey, follows a different trend. “Turkey is not as popular as predicted. Many Russians flocked to Turkey or relocated their yachts there, but the reality is if they don’t want to risk chartering in EU waters, they probably won’t pass KYC to charter at all. This, coupled with the extremely expensive charter licence, has stalled business,” highlighted <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a>’s Chloe Riley.Finally, when it comes to the specific charter yachts or the nature of charters requested by clients, <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>’s Frances Edgeworth noted that the demand for new-build yachts remains high, with the availability of such vessels not meeting this demand. “To have more modern, brand new yachts available for charter would be ideal, they are highly in demand”. <img src="https://photo-assets.superyachttimes.com/photo/316458/image/large-e7aab87b5dd452431bc3a4ab8ba0189f.jpg" data-gid="gid://syiq/Photo/316458">With the peak of the summer season just around the corner, it will be interesting to see whether the predicted last minute surge comes, or if we are heading toward a quieter Mediterranean season. Interestingly, some brokers have already noticed that there is a higher than expected demand for early bookings for 2025, suggesting that the appetite remains strong, despite a slightly quieter start to the year.This article was originally published in Issue 10 of <a href="https://yachtchartermarket.com/" rel="noopener noreferrer" target="_blank" title="">Yacht Charter Market</a>, the weekly newsletter that brings stories, news and updates about the world of yacht charter straight to your inbox.

Market Insight: What do charter brokers predict for the summer 2024 season?

As the summer season begins, we asked top brokers about the state of the charter market and their predictions for summer 2024.

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Market Insight: What do charter brokers forecast for the summer 2024 season?

When it comes to yacht manufacturing, discussions have traditionally centred on the West, particularly in Northern and Southern Europe. Over recent years, the industry has begun to explore the potential of regions such as the Middle East and Asia, though despite this broader perspective, South America, and specifically Brazil, often remains underrepresented in this discourse.<a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a>, located in Osasco, São Paulo, Brazil, originally specialised in manufacturing offshore vessels. However, when Gilberto Ramalho acquired the shipyard in 1985, he transformed it significantly. Described as a 'visionary,' Gilberto aimed to not only own a shipyard but also create and develop a new yachting market in Brazil.<img src="https://photo-assets.superyachttimes.com/photo/315286/image/large-7c93cf8484c95b2e9a15a07eeaf16006.jpg" data-gid="gid://syiq/Photo/315286">Initially, <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a> offered its own range of yachts and the shipyard invited designer <a data-gid="gid://syiq/Company/283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luiz de Basto Designs (Company)">Luiz De Basto</a> to create their first concept, the Oceanic 53 open cruiser. Subsequently, Ramalho initiated a significant transition by introducing <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> yachts to the Brazilian market. Over the next decade, noticing the demand for more expansive outdoor areas due to the tropical climate, <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a> tailored these yachts specifically for local preferences. Gilberto modified the designs to feature enlarged flybridges, extended sterns and bows, and upgraded air conditioning systems. In 2009, Gilberto Ramalho passed away, and his daughter, Roberta Ramalho, assumed the role of CEO at the young age of 18, becoming one of the youngest leaders in the yacht manufacturing industry at that time. <a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a> writer Enrico Chhibber engaged in an extensive discussion with CEO Roberta Ramalho and Rafael Paiao, the Vice President of Growth and Marketing. The conversation delved into the history and evolution of <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a>, explored the nuances of the Brazilian yachting market in comparison to other global markets, and discussed <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a>'s strategic plans for the future.<img src="https://photo-assets.superyachttimes.com/photo/315279/image/large-8fee710ea53639244f32b86e92b75190.jpg" data-gid="gid://syiq/Photo/315279">Since 2010, Roberta has returned <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a> back to its origins, refocusing on the development of the company's own line of yachts. Commenting on the evolution of yacht ownership in Brazil, Roberta highlighted the rapid growth of the domestic yachting market, noting significant increases in both the demand for larger yachts and the volume of units sold. She elaborated, “Today 80- foot yachts are more commonly found in Brazil”. However, despite Brazil's extensive coastline, which is ideally suited for sailing, the country's maritime infrastructure has not kept pace with the growing demand. Currently, there is a significant need for larger vessels, yet our marinas and facilities are struggling to accommodate these larger yachts”.As the conversation progressed, Roberta further detailed the differences between European and Brazilian preferences in yacht design. She noted that for Brazilians, the use of yachts is highly personal. “Each client has unique needs. This emphasis on individualisation is highly valued in our market. Brazilians particularly appreciate having tailor-made projects, especially with a focus on customising the exterior”.<img src="https://photo-assets.superyachttimes.com/photo/315296/image/large-3b10e9b313a41aa393396c5806450c4b.png" data-gid="gid://syiq/Photo/315296">Regarding features that are important for the domestic market, Roberta highlighted several key elements including a beach club, an ice maker machine on the exterior, and beer draughts.<img src="https://photo-assets.superyachttimes.com/photo/228639/image/large-fdc6cfab8c6059ac7895411d7000877b.png" data-gid="gid://syiq/Photo/228639"><img src="https://photo-assets.superyachttimes.com/photo/315295/image/large-bd4c9c0edcdfed27064e10f88d05abb5.png" data-gid="gid://syiq/Photo/315295"><img src="https://photo-assets.superyachttimes.com/photo/315297/image/large-bf1dfa8deaf2ab3b389a1947edb35313.png" data-gid="gid://syiq/Photo/315297">Rafael then showed me several images illustrating how the exterior and interior design details of their yachts are seamlessly integrated, aiming to provide clients with a strong connection to the outdoors. “The integration between the stern and the main deck creates a unified level, which gives the impression that the boat is one continuous space. This design makes the vessel feel much larger,” he recounted. Rafael then further emphasised that this design philosophy is particularly appealing to their Brazilian clientele, who have exclusively been <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a>’s market.<img src="https://photo-assets.superyachttimes.com/photo/228634/image/large-7693cff8464a1f28300ec016ed277e69.png" data-gid="gid://syiq/Photo/228634"><img src="https://photo-assets.superyachttimes.com/photo/315298/image/large-f874a4b982d65d11975d784f71ddd7cd.png" data-gid="gid://syiq/Photo/315298">Elucidating on the differences in yacht usage, Roberta affirmed that Brazilians typically use yachts for short trips. “They stay for about three or four days, but it’s not for long voyages. Brazilians prefer to cruise around the islands,” she noted.Regarding <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a>’s current production capacity and strategy, the shipyard is situated in a former 50,000 square metre railcar factory in Osasco. As pointed out by Roberta, the strategy focus is not on mass-producing vessels; although capable of building up to 200 boats, the shipyard prefers to construct fewer but larger yachts, with an emphasis on luxurious features and customisation.<img src="https://photo-assets.superyachttimes.com/photo/315285/image/large-483a2d8f654a6e5c81115bc0c3215385.jpeg" data-gid="gid://syiq/Photo/315285">Three years ago, <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a> expanded its portfolio by launching the <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a> 24m model. To date, they have built and delivered ten of these yachts, with three more currently under construction. Aside from these and many smaller models, the shipyard has also constructed the largest yacht to date — the 28.9-metre <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a> 95 model, with only one built and delivered.Regarding the design of the yachts, Rafael further elaborated: “If you examine our 24-metre model, it features a flybridge comparable in size to that of a 30-metre yacht. Similarly, the stern and the bow of our 24-metre model mirror what you’d typically find on a 30-metre yacht. In Brazil, these expansive features are essential, they maximise the enjoyment of everything the outdoors has to offer”.<img src="https://photo-assets.superyachttimes.com/photo/315300/image/large-1d0c95ccb103985d7e57b05eab33d74c.jpg" data-gid="gid://syiq/Photo/315300">On how <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a> distinguishes itself from other Brazilian shipyards such as <a data-gid="gid://syiq/Company/1180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCP Yachts (Company)">MCP</a> and <a data-gid="gid://syiq/Company/513" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="INACE Yachts (Company)">Inace</a>, Roberta clarified that <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a> caters to a distinct clientele. “Their yachts are typically larger, designed for slower and longer voyages, attracting a very different type of customer,” she explained. Rafa further added, “Many of our clients own homes on islands or along the beach. They primarily use their yachts for social gatherings or family time but often return to their homes to sleep. The culture here does not favour long voyages. For example, while filming our 70-foot model in Paraty, I observed that someone with a house there might take a short cruise about 45 minutes to an hour away, simply to visit friends”.When discussing <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a>’s future plans, Roberta unveiled <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a>'s latest project, a 30-metre yacht, which is set to be their largest project to date, surpassing the previous <a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a> 95 model. She noted, “We're constructing our biggest yacht ever, and it will be delivered in Monaco to a Brazilian client.” <img src="https://photo-assets.superyachttimes.com/photo/315322/image/large-2a527ca730c4d330a8ce33408acdbe7f.jpg" data-gid="gid://syiq/Photo/315322"><a data-gid="gid://syiq/Company/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine (Company)">Intermarine</a> has plans to expand further into the international market. When asked if they would modify the design of their vessels to appeal to different target markets, both Roberta and Rafael stated that they intend to retain some of the exterior features popular in Brazil while adapting certain aspects to cater more to the international clientele.This article is featured in&nbsp;Issue 49&nbsp;of the&nbsp;<a href="http://superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a>&nbsp;newspaper.&nbsp;You can find a full archive of all previous SuperYacht Times newspapers&nbsp;<a href="https://www.superyachttimes.com/newspaper" target="_blank">here</a>.&nbsp;

CEO Roberta Ramalho on her takeover of Intermarine at 18 and the Brazilian yacht market

SYT sits down with Roberta Ramalho to discuss her takeover of the company and returning the yard to its roots and the Brazilian yacht market.


The 39.8-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> superyacht <a data-gid="gid://syiq/Yacht/356" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Lucy39.8m (130'7&quot;)Heesen Yachts2001">Lady Lucy</a> is currently on the market with Jeremy Comport and Jack Gradus of <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>. The <a href="https://www.superyachttimes.com/yachts/lady-lucy/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Lady Lucy for sale</a> has benefitted from upgrades and maintenance over the years, leaving her in great condition for her new owner.<img src="https://photo-assets.superyachttimes.com/photo/331879/image/large-bda276fd6680779af9de1e96ad509b15.png" data-gid="gid://syiq/Photo/331879">Delivered in 2001, <a data-gid="gid://syiq/Yacht/356" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Lucy39.8m (130'7&quot;)Heesen Yachts2001">Lady Lucy</a> features exterior design by <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a>, while her interior and naval architecture were penned by her Dutch builder <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen Yachts</a>. First launched as Jangada, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has since passed through the hands of numerous experienced yachtsmen who have maintained her to a high standard.<img src="https://photo-assets.superyachttimes.com/photo/331890/image/large-54d6d35b069bc161987461dd119e06bd.png" data-gid="gid://syiq/Photo/331890"><a data-gid="gid://syiq/Yacht/356" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Lucy39.8m (130'7&quot;)Heesen Yachts2001">Lady Lucy</a>’s interior showcases a refined and elegant design, pairing light furnishings with dark wood to create a timeless aesthetic. The abundance of large windows invites natural light into every space, allowing guests to enjoy stunning ocean views.<img src="https://photo-assets.superyachttimes.com/photo/331889/image/large-84e0af4d2198bcedca44c996e60a27d0.png" data-gid="gid://syiq/Photo/331889"><img src="https://photo-assets.superyachttimes.com/photo/331891/image/large-3e82e165e97b9ef43e6472ffe6395bd5.png" data-gid="gid://syiq/Photo/331891">In the main saloon of the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a>, warm lighting and plush seating create a welcoming atmosphere, perfect for unwinding after a day at sea. For ease of access, she is equipped with an elevator connecting all three decks, ensuring convenience for everyone onboard.<a data-gid="gid://syiq/Yacht/356" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Lucy39.8m (130'7&quot;)Heesen Yachts2001"><img src="https://photo-assets.superyachttimes.com/photo/331892/image/large-4ad5b3bbe81a368b92c1310375fd596d.png" data-gid="gid://syiq/Photo/331892"><img src="https://photo-assets.superyachttimes.com/photo/331894/image/large-61237210a967a8773591033f53ecd31b.png" data-gid="gid://syiq/Photo/331894"><img src="https://photo-assets.superyachttimes.com/photo/331897/image/large-7b97150ed185efee5a1ee0ecec3f4dbd.png" data-gid="gid://syiq/Photo/331897">Lady Lucy</a> offers accommodation for up to eight guests across four spacious staterooms, each designed for maximum comfort. She also has space for seven crew members, ensuring a seamless and luxurious experience for all guests onboard.<img src="https://photo-assets.superyachttimes.com/photo/331885/image/large-5243ce295d99af41363f755c5d59e079.png" data-gid="gid://syiq/Photo/331885"><img src="https://photo-assets.superyachttimes.com/photo/331883/image/large-f06e8c05525b3cfb6e6cea6a911129cf.png" data-gid="gid://syiq/Photo/331883"><img src="https://photo-assets.superyachttimes.com/photo/331878/image/large-9d744a6b46313e0ea248179994292e02.png" data-gid="gid://syiq/Photo/331878"><a data-gid="gid://syiq/Yacht/356" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Lucy39.8m (130'7&quot;)Heesen Yachts2001">Lady Lucy</a> boasts a striking exterior design with numerous spaces for dining and lounging. Her sundeck features a Jacuzzi, a six-seater cocktail bar, and an alfresco dining area, complemented by a cosy U-shaped sofa, providing the perfect spot for sunbathing and socialising.<img src="https://photo-assets.superyachttimes.com/photo/331887/image/large-bcbbd4ee653ba5c53c7e2c65c2549c90.png" data-gid="gid://syiq/Photo/331887"><img src="https://photo-assets.superyachttimes.com/photo/331888/image/large-4f512fd169f441fac912e9bd82d792a8.png" data-gid="gid://syiq/Photo/331888"><img src="https://photo-assets.superyachttimes.com/photo/331903/image/large-68519508f342d35d13f0e594b6f96704.png" data-gid="gid://syiq/Photo/331903">In terms of performance, the <a href="https://www.superyachttimes.com/yachts/heesen/for-sale" rel="noopener noreferrer" target="_blank" title="">Heesen yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, giving her a top speed of 14.5 knots and a cruising speed of 12.5 knots.<img src="https://photo-assets.superyachttimes.com/photo/256034/image/large-52a1417c6f1115add5038faf809cb1e2.jpeg" data-gid="gid://syiq/Photo/256034">

40m Heesen yacht Lady Lucy for sale

The 39.8-metre Heesen superyacht Lady Lucy is currently on the market with Ocean Independence. 

40m Heesen superyacht Lady Lucy for sale

Following her recent delivery and her world debut at the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival</a> last month, new images of the first 27.75-metre flagship <a data-gid="gid://syiq/Company/2612" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Otam (Company)">Otam</a> 90 GTS sport boat yacht <a data-gid="gid://syiq/Yacht/12249" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sexy Me27.75m (91'1&quot;)Otam2024">Sexy Me</a> have been unveiled. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/331858/image/large-ad2c1c0601e587116800bc06071179e8.jpg" data-gid="gid://syiq/Photo/331858"><img src="https://photo-assets.superyachttimes.com/photo/331980/image/large-d263e7d9a7b292770f11e50e6472b5a6.jpg" data-gid="gid://syiq/Photo/331980"><a data-gid="gid://syiq/Yacht/12249" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sexy Me27.75m (91'1&quot;)Otam2024">Sexy Me</a> features waterlines designed by <a data-gid="gid://syiq/Company/1212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Umberto Tagliavini - Marine Design & Services (Company)">Umberto Tagliavini</a> and Aldo Scorzoni Marine Design &amp; Service, as well as an athletic exterior silhouette penned by Giuseppe Bagnardi of the <a data-gid="gid://syiq/Company/6314" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BG Design Firm (Company)">BG Design Firm</a>.<img src="https://photo-assets.superyachttimes.com/photo/331861/image/large-3380ffd7217524fc5bbb4d0e60c693a6.jpg" data-gid="gid://syiq/Photo/331861"><img src="https://photo-assets.superyachttimes.com/photo/331973/image/large-0837b2b46baf42945e990f30220614a5.jpg" data-gid="gid://syiq/Photo/331973">“Celebrating our 70th anniversary with a project like the <a data-gid="gid://syiq/Company/2612" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Otam (Company)">Otam</a> 90 GTS and with a client so decisive in their requests has been the best gift we could receive," commented Matteo Belardinelli, Sales and Communication Manager at <a data-gid="gid://syiq/Company/2612" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Otam (Company)">Otam</a>. <img src="https://photo-assets.superyachttimes.com/photo/331862/image/large-1bad902d0308acfb6b7546ec5a930f05.jpg" data-gid="gid://syiq/Photo/331862">The yacht is powered by twin 600-horsepower <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, Arneson surface propellers, and a hull meticulously designed by <a data-gid="gid://syiq/Company/1212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Umberto Tagliavini - Marine Design & Services (Company)">Umberto Tagliavini</a> and Aldo Scorzoni of <a data-gid="gid://syiq/Company/1212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Umberto Tagliavini - Marine Design & Services (Company)">Marine Design &amp; Services</a>. During her sea trials off the coast of Cannes, the Italian-built yacht <a data-gid="gid://syiq/Yacht/12249" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sexy Me27.75m (91'1&quot;)Otam2024">Sexy Me</a> reached a top speed of 45.4 knots, which is 3.4 knots faster than her contractual top speed of 42 knots. <img src="https://photo-assets.superyachttimes.com/photo/331869/image/large-10135dbacf6e97f842bab7ceec1b6643.jpg" data-gid="gid://syiq/Photo/331869">"It was another opportunity to take on the challenge of customising a very fast boat, where even shifting 50 kilograms from starboard to port can have a significant impact. These are the kinds of challenges that allow us to evolve and grow,” Belardinelli added.<img src="https://photo-assets.superyachttimes.com/photo/331873/image/large-e31c467f818bb90abb56b66e2f3da411.jpg" data-gid="gid://syiq/Photo/331873">According to <a data-gid="gid://syiq/Company/2612" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Otam (Company)">Otam</a>, exceeding the contractual top speed was a particularly special feat, since <a data-gid="gid://syiq/Yacht/12249" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sexy Me27.75m (91'1&quot;)Otam2024">Sexy Me</a> had additional weight onboard compared to her original design, on account of the owner’s requests. This involved the installation of a custom rotating passerelle, stabilisers, a stereo system with a dedicated rack room, and a pervasive use of marble throughout the interiors and exteriors. <img src="https://photo-assets.superyachttimes.com/photo/331866/image/large-fea0a24a8124234a2b62fbbb08fc35cc.jpg" data-gid="gid://syiq/Photo/331866">Other materials found onboard include travertine and marble on the floors and bulkheads, parquet with a 45-degree cut, bronze, and pink-hued marble. The yacht’s eye-catching hull is coated in metallic silver paint with bronze accents, developed by <a data-gid="gid://syiq/Company/1485" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Awlgrip (Company)">Awlgrip</a> for the owner especially.<img src="https://photo-assets.superyachttimes.com/photo/331971/image/large-c37e9823af6c9a5e4f09ec426cde9163.jpg" data-gid="gid://syiq/Photo/331971"><a data-gid="gid://syiq/Yacht/12249" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sexy Me27.75m (91'1&quot;)Otam2024">Sexy Me</a> is also defined by her distinctively sporty essence, which is emphasised in the helm console that draws inspiration from racing cars, while the carbon-fibre structure mimics a protective ‘halo’ system employed by racing cars. <img src="https://photo-assets.superyachttimes.com/photo/331963/image/large-ead39dc76cc24e3abb16fc10f90180e6.jpg" data-gid="gid://syiq/Photo/331963">As Belardinelli explained, “We concentrated on a meticulous analysis of weight distribution and the engineering of the superstructure to completely eliminate all support pillars. The expansive structural side windows and the spherical windscreen of the helm create an incredible sense of space onboard, complemented by an internal height of over 2.2-metres. This design ensures perfect visibility even when seated and allows for unobstructed natural light, all of which translates into luxury, design, and an enhanced quality of life.”<img src="https://photo-assets.superyachttimes.com/photo/331961/image/large-6ec71371518894d96d36f9a3d0a81b07.jpg" data-gid="gid://syiq/Photo/331961"><a data-gid="gid://syiq/Yacht/12249" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sexy Me27.75m (91'1&quot;)Otam2024"><img src="https://photo-assets.superyachttimes.com/photo/331949/image/large-e40904ee81077520e28010e0e79e1549.jpg" data-gid="gid://syiq/Photo/331949">Sexy Me</a>’s full custom interior layout consists of three ensuite staterooms below deck, comprising a full-beam owner’s suite, a VIP suite, and a third guest stateroom, as well as a lounge with an office rack room for the stereo system.<img src="https://photo-assets.superyachttimes.com/photo/331937/image/large-b788153445b074e468654ac4fceb8706.jpg" data-gid="gid://syiq/Photo/331937"><img src="https://photo-assets.superyachttimes.com/photo/331945/image/large-c7cd384f8ba0d3dd3cf30f9a5703b970.jpg" data-gid="gid://syiq/Photo/331945"><img src="https://photo-assets.superyachttimes.com/photo/331944/image/large-2cd64af5382e12329fe7f1c41ddcbe0a.jpg" data-gid="gid://syiq/Photo/331944">As for the main deck, guests benefit from a cockpit with a hard top, while the aft area contains an expansive sunbathing space and bathing platform. Forward is a spacious dinette with a relaxation and dining space within easy access on account of the side walkways.<img src="https://photo-assets.superyachttimes.com/photo/331938/image/large-e2d7b06cbffeffec5e934cad4f888550.jpg" data-gid="gid://syiq/Photo/331938"><img src="https://photo-assets.superyachttimes.com/photo/331941/image/large-5fc35ce87b6beeb769b075a14b163dca.jpg" data-gid="gid://syiq/Photo/331941"><img src="https://photo-assets.superyachttimes.com/photo/331935/image/large-129a13d84961eb86817777b5b5c7c081.jpg" data-gid="gid://syiq/Photo/331935">“This is a comprehensive project, an exceptionally versatile series available in three variants: GTS, HT and T-TOP, featuring an elegant and balanced design that is intended to stand the test of time,” said Belardinelli. “It can accommodate a wide array of diverse requests, thanks to a foundational engineering approach that is truly unmatched.”<img src="https://photo-assets.superyachttimes.com/photo/331932/image/large-78f4c4a35c34c0cbf36afad6a58fcb4e.jpg" data-gid="gid://syiq/Photo/331932"><img src="https://photo-assets.superyachttimes.com/photo/331918/image/large-af025ed52272b09d6f68ed34e4faa6a5.jpg" data-gid="gid://syiq/Photo/331918"><img src="https://photo-assets.superyachttimes.com/photo/331907/image/large-2132ca3adc68be4f6c1c68c42e09e9e5.jpg" data-gid="gid://syiq/Photo/331907">Although <a data-gid="gid://syiq/Yacht/12249" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sexy Me27.75m (91'1&quot;)Otam2024">Sexy Me</a> showcases a GTS version of the <a data-gid="gid://syiq/Company/2612" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Otam (Company)">Otam</a> 90 series, another possible configuration is the HT version, which entails a closed main deck and the forthcoming T-Top variant. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/331905/image/large-f274546e7fa60dc87fd9e2ca82e6f99f.jpg" data-gid="gid://syiq/Photo/331905"><img src="https://photo-assets.superyachttimes.com/photo/331909/image/large-77422fc6a1389b2b83339992e2dfd12a.jpg" data-gid="gid://syiq/Photo/331909"><img src="https://photo-assets.superyachttimes.com/photo/331911/image/large-d206a47fce14695978236c6f815e7da0.jpg" data-gid="gid://syiq/Photo/331911">“I also want to extend the compliments and praise we received during our debut at the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">Cannes Yachting Festival</a> and the sea trials to all our employees and artisans,” concluded Belardinelli.<img src="https://photo-assets.superyachttimes.com/photo/331957/image/large-bf1ea7d9f5fb709c0ee546cb7884f891.jpg" data-gid="gid://syiq/Photo/331957">

Onboard 28m Otam 90 GTS yacht Sexy Me 

New images of the first 27.75-metre Otam 90 GTS yacht Sexy Me have been unveiled.  


Onboard first 28m flagship Otam 90 GTS sport boat yacht Sexy Me 

The 36.88-metre <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters</a> motor yacht <a data-gid="gid://syiq/Yacht/137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dardanella37.0m (121'5&quot;)Vitters Shipyard1998">Dardanella</a> sold in a deal with Max Bulley of <a data-gid="gid://syiq/Company/259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Y.CO (Company)">Y.CO</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/299028/image/large-70b4caa5ad39025627f3f360be9f5310.jpeg" data-gid="gid://syiq/Photo/299028">Delivered in 1998, <a data-gid="gid://syiq/Yacht/137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dardanella37.0m (121'5&quot;)Vitters Shipyard1998">Dardanella</a> was built by Netherlands-based shipyard <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters</a> and is a proven explorer yacht that has navigated to some of the remotest corners of the Pacific over the years. Designed in full by <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>, she boasts a shallow draft and an internal volume of 283 GT.<a data-gid="gid://syiq/Yacht/137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dardanella37.0m (121'5&quot;)Vitters Shipyard1998"><img src="https://photo-assets.superyachttimes.com/photo/299020/image/large-0531f90d23fc4a5529df92f89cdcb605.jpeg" data-gid="gid://syiq/Photo/299020"><img src="https://photo-assets.superyachttimes.com/photo/299019/image/large-e117b2fda5f2ed6f69afa8acf84236bf.jpeg" data-gid="gid://syiq/Photo/299019">Dardanella</a> features an open-plan main saloon with a sumptuous L-shaped seating and a dining area forward, with seating for up to six guests. She is a floating homage to the oceans, and was purpose-built to explore.<a data-gid="gid://syiq/Yacht/137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dardanella37.0m (121'5&quot;)Vitters Shipyard1998"><img src="https://photo-assets.superyachttimes.com/photo/302076/image/large-e790709838f44136e228e18cbc1488c4.jpg" data-gid="gid://syiq/Photo/302076"><img src="https://photo-assets.superyachttimes.com/photo/302088/image/large-6e5de0d5d46529f26a4757bf47728417.jpg" data-gid="gid://syiq/Photo/302088">Dardanella</a> can comfortably accommodate up to 12 guests in five cosy staterooms, including her full-beam master suite with twin bathrooms, a lounge and a private office space. Her remaining guest staterooms consist of four twins, all with ensuite bathrooms.Read:&nbsp;<a data-gid="gid://syiq/Article/59760" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Onboard 37m Vitters superyacht Dardanella (2024-02-19 10:30:00 +0100)">Onboard 37m Vitters superyacht Dardanella</a><img src="https://photo-assets.superyachttimes.com/photo/302081/image/large-8ebf03c702018ce499170a3689dbfd57.jpg" data-gid="gid://syiq/Photo/302081">In addition to this, the exterior decks of <a data-gid="gid://syiq/Yacht/137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dardanella37.0m (121'5&quot;)Vitters Shipyard1998">Dardanella</a> have been designed with entertainment in mind. There is plenty of space for alfresco dining, yoga sessions or workouts, and relaxation, as well as the addition of a Jacuzzi and sunpads.<img src="https://photo-assets.superyachttimes.com/photo/299026/image/large-f2d17e056e145181f911ff985e7898e8.jpeg" data-gid="gid://syiq/Photo/299026">In terms of performance, <a data-gid="gid://syiq/Yacht/137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dardanella37.0m (121'5&quot;)Vitters Shipyard1998">Dardanella</a> is equipped with twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, providing her with a range of 5,400 nautical miles at nine knots and the capacity to cruise for long periods of time at sea.At the time of her sale, <a data-gid="gid://syiq/Yacht/137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dardanella37.0m (121'5&quot;)Vitters Shipyard1998">Dardanella</a> had a last known asking price of $7,200,000.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/289509/image/large-292f5573171a4b033e5be399239a6446.jpg" data-gid="gid://syiq/Photo/289509">

37m Vitters yacht Dardanella sold

The 36.88-metre Vitters motor yacht Dardanella sold, with a last known asking price of $7,200,000.

37m Vitters motor yacht Dardanella sold

<a data-gid="gid://syiq/Company/1749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago Yachts (Company)">Archipelago Yachts</a> has announced that construction of their 24-metre explorer yacht <a data-gid="gid://syiq/Yacht/14252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago 8024.0m (78'9&quot;)Archipelago Expedition Yachts2025">Archipelago 80</a> is officially underway. The <a data-gid="gid://syiq/Yacht/14252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago 8024.0m (78'9&quot;)Archipelago Expedition Yachts2025">Archipelago 80</a>’s aluminium fabrication is nearing completion and she is due to begin her systems installation next, with delivery slated for the second quarter of 2025. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/311328/image/large-d1e58939e3e100d5e01496209a0d2768.jpg" data-gid="gid://syiq/Photo/311328">“We are thrilled to see the Archipelago 80 come to life,” commented Dr Stephen Weatherley, Founder of <a data-gid="gid://syiq/Company/1749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago Yachts (Company)">Archipelago Yachts</a>. The build process is being carried out at a shipyard in Vietnam, under the management of Odisea Yachts, who is collaborating in partnership with <a data-gid="gid://syiq/Company/1749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago Yachts (Company)">Archipelago Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/327930/image/large-f246ab79177d2adce9ff3cc239c0d030.jpeg" data-gid="gid://syiq/Photo/327930">“This project has been a labour of love, and we are confident that it will exceed the expectations of our discerning clientele. Every detail of the <a data-gid="gid://syiq/Yacht/14252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago 8024.0m (78'9&quot;)Archipelago Expedition Yachts2025">Archipelago 80</a> has been meticulously planned and executed to ensure it offers unparalleled luxury and an unforgettable yachting experience,” Weatherley added. <img src="https://photo-assets.superyachttimes.com/photo/311327/image/large-e64f0d1d72bc8223e7212ac272490f97.jpg" data-gid="gid://syiq/Photo/311327">Read: <a data-gid="gid://syiq/Article/60445" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Introducing the new 24m Archipelago 80 explorer yacht (2024-05-14 12:45:00 +0200)">Introducing the new 24m Archipelago 80 explorer yacht</a>Featuring naval architecture by UK-based <a data-gid="gid://syiq/Company/7865" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chartwell Marine Ltd (Company)">Chartwell Marine</a>, the <a data-gid="gid://syiq/Yacht/14252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago 8024.0m (78'9&quot;)Archipelago Expedition Yachts2025">Archipelago 80</a> is characterised by modern amenities and customised interiors offering ample living space, lavish staterooms, and a panorama of ocean vistas. <img src="https://photo-assets.superyachttimes.com/photo/331760/image/large-4b8ca93fadc0e573a4d937e76dacb1c9.jpeg" data-gid="gid://syiq/Photo/331760">Meanwhile, the explorer yacht’s exteriors feature striking, timeless lines across her contemporary exterior profile. The <a data-gid="gid://syiq/Yacht/14252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Archipelago 8024.0m (78'9&quot;)Archipelago Expedition Yachts2025">Archipelago 80</a> yacht is due to be completed in the next six months, with a delivery date of 2025.<img src="https://photo-assets.superyachttimes.com/photo/311325/image/large-74c66319b79eb899650862b5db012546.jpg" data-gid="gid://syiq/Photo/311325">

24m explorer yacht Archipelago 80 in-build

Archipelago Yachts has announced that construction of their 24-metre explorer yacht Archipelago 80 is officially underway. 


24m explorer yacht Archipelago 80 in construction 

The 26.82-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> Grande 27 Metri motor yacht <a data-gid="gid://syiq/Yacht/14151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="4 Play26.82m (87'12&quot;)Azimut Yachts2021">4 Play</a> is on the market with Jordan Preusz of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a>. <img src="https://photo-assets.superyachttimes.com/photo/324438/image/large-116b4779abf2729a440ec6c6d013e42c.jpg" data-gid="gid://syiq/Photo/324438">Delivered in 2021 by her Italian shipyard, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features exterior design created by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, interiors conceived <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a>, and naval architecture crafted in-house by <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/324445/image/large-00368069588f3a79444ee116c512b871.jpg" data-gid="gid://syiq/Photo/324445"><img src="https://photo-assets.superyachttimes.com/photo/324464/image/large-e7c8ae6e3163453b63917b8056c69e68.jpg" data-gid="gid://syiq/Photo/324464">With a volume of 145 GT and a beam of 6.59-metres, the <a href="https://www.superyachttimes.com/yachts/4-play/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht 4 Play for sale</a> is capable of hosting as many as eight guests across a five stateroom layout, consisting of an on-deck master suite and four guest staterooms on the lower deck. <img src="https://photo-assets.superyachttimes.com/photo/324466/image/large-0c91c3b98e1fb71bcedae4e96613177b.jpg" data-gid="gid://syiq/Photo/324466"><img src="https://photo-assets.superyachttimes.com/photo/324467/image/large-b6ac8c10fdf3f154ecd0dc957452f83f.jpg" data-gid="gid://syiq/Photo/324467"><img src="https://photo-assets.superyachttimes.com/photo/324465/image/large-c111379aedc62ac1990bdd17bf381ffc.jpg" data-gid="gid://syiq/Photo/324465">The <a href="https://www.superyachttimes.com/yachts/azimut/for-sale" rel="noopener noreferrer" target="_blank" title="">Azimut yacht for sale</a>’s interior decor has recently been upgraded, and now boasts custom-made furniture along with custom linens for each stateroom. Upon entering the convivial saloon, guests are greeted by a custom blue sectional sofa and expansive floor-to-ceiling windows, which flood the space with natural light. <img src="https://photo-assets.superyachttimes.com/photo/324446/image/large-8000efcbec8a7d1ab1431a0b5e12868e.jpg" data-gid="gid://syiq/Photo/324446">The saloon is also embellished with light walls and accented with dark woods for a timeless aesthetic. As well as featuring a sectional, the hub contains a loveseat and two armchairs to starboard, ensuring that large social gatherings can be hosted. <img src="https://photo-assets.superyachttimes.com/photo/324448/image/large-13ec61039cc71b08db0f7f416ec8fa53.jpg" data-gid="gid://syiq/Photo/324448"><img src="https://photo-assets.superyachttimes.com/photo/324446/image/large-8000efcbec8a7d1ab1431a0b5e12868e.jpg" data-gid="gid://syiq/Photo/324446">Outside, the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a>’s extensive refit means she now benefits from a new Jacuzzi on her flybridge, a separate propane grilling station, an ice maker and alkaline water dispenser in the cockpit. <img src="https://photo-assets.superyachttimes.com/photo/324459/image/large-50de3f8d559f667aadaec7426b0de98e.jpg" data-gid="gid://syiq/Photo/324459"><a data-gid="gid://syiq/Yacht/14151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="4 Play26.82m (87'12&quot;)Azimut Yachts2021"><img src="https://photo-assets.superyachttimes.com/photo/324458/image/large-ddc62282dbc82fbe43768eaa750eb85a.jpg" data-gid="gid://syiq/Photo/324458">4 Play</a>’s cockpit further includes a roomy U-shaped seating area for eight to 10 people to relax, in the presence of a sunscreen that drops behind for maximum privacy. <img src="https://photo-assets.superyachttimes.com/photo/324444/image/large-b6d93cb93af5ef74704e417bfe383c1f.jpg" data-gid="gid://syiq/Photo/324444">Performance-wise, <a data-gid="gid://syiq/Yacht/14151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="4 Play26.82m (87'12&quot;)Azimut Yachts2021">4 Play</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines that propel her to a cruising speed of 18 knots and a top speed of 25 knots. <img src="https://photo-assets.superyachttimes.com/photo/324443/image/large-580d3683ae46ac720a89d8565cf19a8b.jpg" data-gid="gid://syiq/Photo/324443">

27m Azimut yacht 4 Play for sale 

The 26.82-metre Azimut Grande 27 Metri motor yacht 4 Play is on the market with Jordan Preusz of Denison Yachting. 


27m Azimut Grande 27 Metri yacht 4 Play for sale 

The UAE is poised to make a substantial direct investment in a new megaproject along Egypt's Mediterranean coast, reports local media. Centred on the development of the new city at Ras El Hekma, the initiative features a master plan that includes the construction of five marinas.<img src="https://photo-assets.superyachttimes.com/photo/331759/image/large-79d4d5a04f70da6e9a26067c4acec081.jpg" data-gid="gid://syiq/Photo/331759">Read: <a data-gid="gid://syiq/Article/61629" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Major changes announced for the Gulf Superyacht Summit (2024-10-04 12:15:00 +0200)">Major changes announced for the Gulf Superyacht Summit</a>The project, with an estimated cost of $110 billion, is designed to accommodate two million residents and is expected to generate 750,000 jobs, boosting the local economy and infrastructure.The UAE Ministry of Investment has also announced the involvement of several Emirati companies in the expansion and growth plan for the project. ADQ, an Abu Dhabi-based investment and holding group, has appointed Modon Holding, a leading real estate developer, as the master planner. The megaproject aims to capitalise on its strategic location on the Mediterranean, focusing on key areas such as economic development, investment, real estate, and tourism.The original agreement between the UAE and Egypt for the Ras El Hekma project was signed in February of this year. The new city is located approximately 350 kilometres northwest of Cairo and spans 170 million square-metres in the Matrouh Governorate. Of this, 12 million square-metres will be dedicated to retail, entertainment, and leisure facilities.

UAE set to make major investment in Egyptian coastal megaproject

The UAE is poised to make a substantial direct investment in a new megaproject along Egypt's Mediterranean coast.  

ISA Yachts has announced a new 45-metre explorer yacht model, the ISA Voyager 45. This model &nbsp;features exterior and interior design by <a data-gid="gid://syiq/Company/1197" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Team for Design - Enrico Gobbi (Company)">Enrico Gobbi – Team for Design</a>, along with naval architecture penned in-house by the Italian shipyard. <img src="https://photo-assets.superyachttimes.com/photo/331738/image/large-ca90165212f5ac9a887efa0a8810910b.jpg" data-gid="gid://syiq/Photo/331738"><img src="https://photo-assets.superyachttimes.com/photo/331733/image/large-d0ccbcdf2b8f3dec81175afecadc1beb.jpg" data-gid="gid://syiq/Photo/331733">Described as simultaneously “aggressive”, “powerful” and “elegant” by <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA Yachts</a>, the ISA Voyager 45 is developed for owners with a passion for sea exploration. Composed of a steel hull and an aluminium superstructure, the 45-metre superyacht has a beam of 9.34-metres and a 2.6-metre draft, as well as a volume of 445 GT.<img src="https://photo-assets.superyachttimes.com/photo/331740/image/large-53d1d60de6540ffd74d5de2fffd1d176.jpg" data-gid="gid://syiq/Photo/331740"> <img src="https://photo-assets.superyachttimes.com/photo/331737/image/large-b415f54e92e2ae6bdcc58ef6b9074608.jpg" data-gid="gid://syiq/Photo/331737">The superyacht’s superstructure has been moved forward in order to open up the aft deck to several possible configurations. A 4.5-metre stern pool can be added to the aft section in combination with a six-metre tender and lounge area furnished with freestanding furniture. Meanwhile, the crane for deploying the tender is hidden in the side handrail so that it does not disrupt the overall exterior aesthetic.<img src="https://photo-assets.superyachttimes.com/photo/331734/image/large-d4e5684845a96438e4c103a4ba911c66.jpg" data-gid="gid://syiq/Photo/331734"><img src="https://photo-assets.superyachttimes.com/photo/331746/image/large-0e376a0fa9581555f37bc360dbedcfd7.jpg" data-gid="gid://syiq/Photo/331746">The spacious stern beach club decked out with chaise lounges, a hammam, gym, and bathroom with shower, can be accessed via two stairways. Ceiling windows round off the beach club by providing an influx of natural light through the swimming pool located above.<img src="https://photo-assets.superyachttimes.com/photo/331747/image/large-392beea37afb43e58acca87bdf7ebfb1.jpg" data-gid="gid://syiq/Photo/331747"><img src="https://photo-assets.superyachttimes.com/photo/331735/image/large-14da48ca0d56e2ecd36c68d7054cf3cf.jpg" data-gid="gid://syiq/Photo/331735">From an outside perspective, the exterior profile consists of a champagne and pearly white colours, while the charcoal grey roll bar merges with the wheelhouse for an cohesive appearance.<img src="https://photo-assets.superyachttimes.com/photo/331745/image/large-d5e9772a99ff93f5c07427dd173fdc6b.jpg" data-gid="gid://syiq/Photo/331745"><img src="https://photo-assets.superyachttimes.com/photo/331743/image/large-05ed65cb1cb08d97e4cf61caf3602cff.jpg" data-gid="gid://syiq/Photo/331743"><img src="https://photo-assets.superyachttimes.com/photo/331736/image/large-532e5c3e256ef95ef4a41c25cfc143e8.jpg" data-gid="gid://syiq/Photo/331736">Notable details of the ISA Voyager 45’s indoor living spaces include a glass wall in her lounge, flush doors and ceilings, along with generous pocket-opening windows, or the black frieze on the wall to conceal the hollow of cable guides.<img src="https://photo-assets.superyachttimes.com/photo/331748/image/large-87dd20433c444433179ed4965e107ff6.jpg" data-gid="gid://syiq/Photo/331748"><img src="https://photo-assets.superyachttimes.com/photo/331751/image/large-92eb7b708b542087070002bfa5ba1b92.jpg" data-gid="gid://syiq/Photo/331751">Additionally, light woods and leather accents, coupled with ocean blue tints, further enhance the interiors. The ISA Voyager 45’s main deck saloon leads onto a lounge area containing sofas, armchairs, and a dining table that seats up to 10 guests.<img src="https://photo-assets.superyachttimes.com/photo/331755/image/large-01f4012c7d50f569de297412956c1a1f.jpg" data-gid="gid://syiq/Photo/331755"><img src="https://photo-assets.superyachttimes.com/photo/331754/image/large-4381929b26d369ffa57973b4a228a0b7.jpg" data-gid="gid://syiq/Photo/331754">Where accommodation is concerned, the master suite is situated forward on the main deck, and boasts both an office and ensuite bathroom with double sinks and a shower. Remaining guests are hosted below deck across four double staterooms.<img src="https://photo-assets.superyachttimes.com/photo/331750/image/large-80d1d95ca1492315e3124a911af553ae.jpg" data-gid="gid://syiq/Photo/331750"><img src="https://photo-assets.superyachttimes.com/photo/331752/image/large-c199e1a0b011f5f115d5bcb49744038d.jpg" data-gid="gid://syiq/Photo/331752"><img src="https://photo-assets.superyachttimes.com/photo/331749/image/large-8cb111ba803b78cd4f6be68da7832669.jpg" data-gid="gid://syiq/Photo/331749">Moving to the upper deck, guests are welcomed by an L-shaped sofa, armchair, and expansive screen, while additional entertainment is available on the sundeck, which has a seating arrangement at the stern and a semi-circular sofa. On the starboard side is another dining area for 10 people, mirrored by the bar. Moreover, two other structural sofas can be found towards the bow.<img src="https://photo-assets.superyachttimes.com/photo/331756/image/large-fdba4a3c78f9314bb42f5f566e255c70.jpg" data-gid="gid://syiq/Photo/331756">Performance-wise, the ISA Voyager 45 is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines that propel her to a cruising speed of 12 knots and a top speed of 14 knots. When cruising at a speed of 10 knots, she has a lengthy range of 5,500 nautical miles. <img src="https://photo-assets.superyachttimes.com/photo/331732/image/large-e32680c98de650d1787695366e30006e.jpg" data-gid="gid://syiq/Photo/331732">

ISA Yachts’ new ISA Voyager 45m yacht model 

ISA Yachts has announced a new 45-metre explorer yacht model, the ISA Voyager 45m.


ISA Yachts unveils new ISA Voyager 45m explorer yacht model 

The superyacht industry is often portrayed by mainstream media as slow to innovate or adapt to environmental challenges. However, this perspective overlooks numerous initiatives and organisations at various levels, from international to local, that actively facilitate a more sustainable approach among all stakeholders within the industry.<img src="https://photo-assets.superyachttimes.com/photo/237001/image/large-34661eb661037cedcc9fa816ea2839c9.jpg" data-gid="gid://syiq/Photo/237001">Stakeholders in the superyacht industry have been actively involved in promoting and implementing sustainability projects through regulatory compliance across various aspects, from cruising operations to construction infrastructure and supply chains. The following sections detail the leading organisations such as the Sea Index, the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a> and YETI and their projects, highlighting their active role in promoting a sustainable future.International Maritime OrganisationIn 2016, the United Nations' International Maritime Organisation (IMO) implemented Tier III of the IMO NOx regulations, aimed at significantly reducing nitrogen oxide emissions (NOx) from vessels. These stringent regulations call for a reduction of approximately 70 percent in NOx emissions compared to the Tier II standards, marking a substantial step towards environmental stewardship.For the superyacht sector, the implications of these regulations are profound. Starting from 1 January 2016, every large yacht exceeding 500 gross tonnes and equipped with diesel engines over 130 kW has been required to comply with these rigorous standards. In 2021, the scope of these regulations broadened further, encompassing yachts under 500 gross tonnes but over 24-metres in length overall (LOA). This expansion ensures a wider application of the environmental standards, pushing the superyacht industry towards broader compliance and enhanced sustainability efforts.Superyacht Eco Association IndexIn 2020, Credit Suisse 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> introduced a significant innovation with the launch of the Superyacht Eco Association (SEA) Index. Developed in partnership with <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a>, the SEA Index is designed to measure and rate the environmental impact of superyachts, spanning areas such as propulsion systems, energy recovery, and waste management. This initiative marks a pivotal step toward transparency and accountability in the industry, providing a robust tool for assessing air pollution emitted by these luxury vessels. The Index aspires to evolve into a globally recognized standard, offering ecological ratings that could inspire a broader commitment to sustainability across the industry.The SEA Index operates as an online, customisable tool that allows yacht owners and industry stakeholders to perform 'no obligation' self-assessments of their emissions. If these assessments meet the SEA Index's stringent criteria, owners can then opt for an official audit to obtain a SEA Flag and an SEA rating. Such features underscore the Index's role not only as a benchmarking tool but also as a catalyst for change, pushing for lower emissions and cleaner operations. The initial launch was met with enthusiasm, as it provided yacht owners with a clear insight into the environmental efficiency of their vessels, evaluated on a 0-5 scale. This transparency is crucial in an industry often scrutinised for its environmental footprint.Recognising the need for wider applicability and greater inclusivity, the SEA Index expanded its scope in subsequent phases. The second phase saw a collaboration with <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyd’s Register</a> to incorporate more propulsion systems and alternative fuels, broadening the assessment criteria to accommodate a greater variety of yachting operations. The third phase further advanced the project by including smaller yachts, specifically those below 400 Gross Tonnage and over 25 metres in length, thereby covering a larger segment of the industry.Most recently, in 2024, the SEA Index expanded its reach to marina operations. It has been deployed in 15 marinas located in strategic yachting hubs like Menton, Saint-Tropez, and Bonifacio in Corsica. This move not only amplifies the Index's impact but also aligns with broader environmental goals, helping marina operators and yacht owners alike to gauge and subsequently reduce their carbon emissions. As the SEA Index continues to set new standards for sustainability, it offers a promising path forward for the yachting industry, one that aligns luxury with environmental responsibility.<img src="https://photo-assets.superyachttimes.com/photo/119359/image/large-1fae816de8b77f36e3d1ab53bc6299b0.jpg" data-gid="gid://syiq/Photo/119359"><a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>&nbsp;and Yacht Environmental Transparency IndexAnother organisation at the forefront of promoting environmentally sustainable practices within the industry is the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>. Established at The Superyacht Forum in 2018 by a group of industry leaders, the Foundation aims to foster collaborative efforts among stakeholders to enhance sustainability in the industry.The <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a> adopts a constructive and collaborative approach, aligning with international scientific and institutional agendas. It equips the superyacht industry with essential tools, knowledge, and best practices. Serving as a central platform, the Foundation facilitates the industry's shift towards minimising its ecological impact, working in strategic alignment with high-level international bodies, including the United Nations and UNESCO.Among the initiatives introduced by the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a> is the Sustainable Yacht Design Taskforce, launched at the <a data-gid="gid://syiq/Event/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2021">Monaco Yacht Show in 2021</a>. The taskforce serves as a collaborative platform where designers and naval architects unite to advance sustainable luxury and leisure for yacht owners. By facilitating the sharing of knowledge, fostering collaboration, and encouraging innovation, the taskforce aims to deeply integrate sustainability into yacht design and operations.In 2024, another project was launched: the first version of the environmental guidelines for crew, officially released by the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>. This comprehensive guide, written for and by crew, provides information and assistance with adopting eco-friendlier behaviour onboard yachts, helping steer the industry towards a more sustainable future.Among the most impactful projects founded by the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a> is the Yacht Environmental Transparency Index, commonly known as YETI. On 25 March 2019, <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> invited a select group of industry representatives to the <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt</a> offices to introduce this concept. The meeting culminated in a unanimous decision to launch a Joint Industry Project (JIP) under the guidance of the newly established <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>.Conceived by Bram Jongepier, a Senior Specialist in Design at <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>, YETI is a science-based, data-driven method. It evaluates and compares the environmental impact of yachts using an average operational profile derived from fleet AIS data, providing a quantifiable measure of their environmental credentials.Stakeholders in the superyacht industry are actively advancing sustainability efforts and ensuring that all other actors within the industry cooperate and contribute. The implementation of IMO Tier III regulations, the introduction of the SEA Index, and the influential roles of the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a> and the YETI project, showcase a collective commitment to reducing environmental impacts and promoting sustainable practices across all facets of the industryWhile significant challenges remain, substantial efforts are already making a difference. The path forward is promising, with the industry’s dedication to sustainability expected to strengthen further. This ongoing involvement highlights a clear trajectory towards a more sustainable future in the superyacht sector.<img src="https://photo-assets.superyachttimes.com/photo/232872/image/large-2525fa8357ace96f280f69db177277d3.jpeg" data-gid="gid://syiq/Photo/232872">

How the superyacht industry is championing sustainability

The superyacht industry is often portrayed by mainstream media as slow to innovate or adapt to environmental challenges. 

<a data-gid="gid://syiq/Company/7538" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christian Oliver Design (Company)">Christian Oliver Design</a> has unveiled the details of the 59-metre superyacht concept, ‘Concept Fifty-Nine’, which features “idyllic exterior proportions” and “teardrop-shaped” hull surfaces, according to the studio. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/331720/image/large-7dea66a7b46ffd5bd6a889d5b28ece1f.png" data-gid="gid://syiq/Photo/331720"><img src="https://photo-assets.superyachttimes.com/photo/331716/image/large-2fa62ee5bb6cdd9c55f28911b207dc37.jpg" data-gid="gid://syiq/Photo/331716">Developed to carry the key features associated with larger vessels, Concept Fifty-Nine boasts an estimated volume of 900 GT. “I feel like the 55 to 60-metre range is often overlooked as many buyers leap over the 500 GT barrier, they immediately move into a boat over 60-metres,” designer <a data-gid="gid://syiq/Company/7538" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christian Oliver Design (Company)">Christian Oliver</a> explained.<img src="https://photo-assets.superyachttimes.com/photo/331717/image/large-3c8a552539192d660e821ec1ad97221b.jpg" data-gid="gid://syiq/Photo/331717">In terms of accommodation, Concept Fifty-Nine contains five staterooms on the lower deck, one of which is a full-beam VIP suite. Moreover, an owner’s suite can be found on the main deck and is complete with both a private office and spacious walk-in closet. With a beam of 10.3-metres, the superyacht also has room to host crew members in six cabins on the lower deck, as well as in the captain's cabin on the full walk-around bridge deck. <img src="https://photo-assets.superyachttimes.com/photo/331713/image/large-68c3060d816b1a127ee94608aa5c501d.jpg" data-gid="gid://syiq/Photo/331713">“What makes this project unique is that it was conceived simultaneously as an interior and exterior styling exercise. Rather than build to a governed length, I let the length reveal itself after the spaces were established.”“The idyllic exterior proportions are meant to disguise the wide-beam high-volume shape with a timeless silhouette that also exudes a fresh, modern feel,” <a data-gid="gid://syiq/Company/7538" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christian Oliver Design (Company)">Christian Oliver</a> continued. “The highly sculpted hull surfaces have a teardrop shape inspired by classic runabouts.” <img src="https://photo-assets.superyachttimes.com/photo/331712/image/large-aacab9461b4a19519e06168010b91637.jpg" data-gid="gid://syiq/Photo/331712">One of Concept Fifty-Nine’s most notable traits is her generous aft beach club, with a 1.2-metre deep pool that has the option to be heated up. The pool is situated close to the water level, so that guests can immerse themselves in the surrounding seascape. Meanwhile, the port and starboard integrated seating in the side hulls, bustles for those onboard to unwind.&nbsp;From here, the aft door leads to a vast beach club with a bar at the forward end of the pool, creating a ‘swim-up’ effect. The beach club is also decked out with a fitness area, dayhead, and changing room. Moving to the sundeck, a unique cinema space is fitted with lounge seating, which can rotate to face the screen for cosy movie nights. <img src="https://photo-assets.superyachttimes.com/photo/331715/image/large-abcc84938e682df0928ef976f5ce7009.jpg" data-gid="gid://syiq/Photo/331715">Two 7.3-metre tenders are stored forward on Concept Fifty-Nine’s bow, thereby ensuring there is plenty of aft space for guest entertainment. Expansive window openings are present across all three of the superyacht’s decks for a seamless connection between the interior and exterior.&nbsp;Regarding her performance, Concept Fifty-Nine can reach an estimated cruising speed of 14 knots and a top speed of 16 knots, depending on the propulsion system. “The current engine room position and layout is for a traditional pair of mains, but there is opportunity to use an alternative propulsion method,” <a data-gid="gid://syiq/Company/7538" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christian Oliver Design (Company)">Christian Oliver</a> concluded.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/331714/image/large-b8673ed59daad587730f7794efd81265.jpg" data-gid="gid://syiq/Photo/331714">

59m Concept Fifty-Nine yacht by Christian Oliver Design 

Christian Oliver Design has unveiled the details of the 59-metre superyacht concept, ‘Concept Fifty-Nine’. 



Introducing the 59m Concept Fifty-Nine yacht by Christian Oliver Design 

The owners of <a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a>, situated in Brooklyn Bridge Park, New York City, have applied for Chapter 11 bankruptcy protection in response to overwhelming debt. This is reported by the specialised database ‘<a href="https://businessbankruptcies.com/cases/one-edge-marina-finance-company-llc" rel="noopener noreferrer" target="_blank" title="">Business Bankruptcies</a>’ which used data from United-States Public Access to Court Electronic Records (PACER). The application, filed on 26 September 2024, encompasses not only the marina but also its associated Estuary restaurant and sailing club, all under the ownership of the same holding entities."We voluntarily filed for Chapter 11 to preserve and protect the assets of the project, allow the necessary time to maximize our value for the benefit of our creditors and are working with numerous interested parties and welcome other parties who may be interested in the project to work towards a sale that will maximize our return to creditors and put the project into good hands to continue the work we have begun," said a <a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a> spokesperson to <a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times.</a> <img src="https://photo-assets.superyachttimes.com/photo/331041/image/large-41069672ff930cbb2ceee0128653db8f.jpg" data-gid="gid://syiq/Photo/331041">Situated beside Pier 5 in Brooklyn Bridge Park, the marina serves as a vital hub for water access, accommodating a diverse array of vessels from superyachts up to 91-metres in length to historic boats and small sailboats. It also provides a variety of boating programs including a sailing school, children's activities, and kayaking lessons for the community. The marina is managed by the Singapore-based SUTL Group and owned by SUTL Investments Pte, according to <a href="https://businessbankruptcies.com/cases/one-edge-marina-finance-company-llc" rel="noopener noreferrer" target="_blank" title="">Business Bankruptcies</a>.&nbsp;This decision follows a prolonged period of financial difficulties, which originated from extended delays in construction, and ongoing operational challenges at the marina, reports <a href="https://businessbankruptcies.com/cases/one-edge-marina-finance-company-llc" rel="noopener noreferrer" target="_blank" title="">Business Bankruptcies</a>. "The ONE15 operations team came together through the lengthy build process and subsequent challenges due to COVID," also noted the marina spokesperson.Local media have attributed many of the marina’s structural issues to inherent challenges at its location. Situated at the strategic intersection of New York Bay, the East River, and tidal flows from the Hudson River, the site has consistently posed difficulties for marina operations. Even before the development of Brooklyn Bridge Park, this area was historically known as a problematic location, due to complications with pier construction and the need for effective wave abatement.<img src="https://photo-assets.superyachttimes.com/photo/331042/image/large-36078af544beed36645b734d9c586078.jpg" data-gid="gid://syiq/Photo/331042">By filing for Chapter 11, the owners aim to reorganise their debts while maintaining ongoing operations. <a href="https://businessbankruptcies.com/cases/one-edge-marina-finance-company-llc" rel="noopener noreferrer" target="_blank" title="">Business Bankruptcies</a> data shows that the court has sanctioned the joint administration of the bankruptcy cases for the marina, the restaurant, and the sailing club, allowing them to continue operating as separate entities. Led by principal Estelle Lau and represented by the law firm Kirby Aisner &amp; Curley, the ownership group seeks to negotiate with creditors and secure a buyer for the marina and its associated enterprises. The entities involved in these proceedings include <a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a>, One°15 Restaurant (also known as Estuary), One°15 Sail Club, and One Edge Marina Finance Company, says <a href="https://businessbankruptcies.com/cases/one-edge-marina-finance-company-llc" rel="noopener noreferrer" target="_blank" title="">Business Bankruptcies</a>."We believe that the marina, sail club and food and beverage programs are an important feature of NYC’s waterfront and the challenges we face demonstrate the need for commitment of the community as a whole. But we remain certain that our vision can be achieved and look forward to the next chapter of the project," affirmed the marina to <a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a>. "We continue to offer an unparalleled boater experience in NY Harbor and to accept transient boats into the marina. We plan to seek Court approval to facilitate a sale process for the business to transition the project into the best hands to guide this newest addition to New York’s waterfront as seamlessly as possible," concluded the spokesperson.This article was first published on 2 October 2024 and updated on 8 October 2024 with comments from the marina.

ONE°15 Brooklyn Marina files for chapter 11 bankruptcy

The owners of One°15 Brooklyn Marina have applied for Chapter 11 bankruptcy protection in response to overwhelming debt.