Following a major restructuring at the company announced at the beginning of this year, The SuperYacht Times gets an exclusive interview with the new Acting CEO of <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>, Abeer Alshaali, alongside her father, Executive Chairman and company founder, Mohammed Alshaali, and discovers what’s next for the UAE-based business.<img src="/uploads/store/photo/114455/image/large-222321a656d8d52753bc8736767338fd.jpg" data-gid="gid://syiq/Photo/114455">Located in the north of the country as the least populous of its seven emirates, Umm Al Quwain has a population of 72,000 inhabitants and a total area of 770km², with its closest body of water being the Persian Gulf. Known as a site of significant Bronze Age archaeological importance due to the unearthing of a bounty of ancient coins, arrowheads and ceramics in the area, Umm Al Quwain is also home to numerous sites of interest including a fort, the ancient near-eastern city of Ed-Dur - the largest pre-Islamic site on the Persian Gulf coast - and Dreamland Aqua Park (the largest water park in the UAE).&nbsp;As of the year 2001, however, Umm Al Quwain has also been the home base for the UAE-based shipyard <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>’s largest manufacturing facility, where its first superyacht over 30 metres, the Millennium 118, first touched the water.<img src="/uploads/store/photo/118778/image/large-2d7cda6b36ef6de915578e08a9f55775.jpg" data-gid="gid://syiq/Photo/118778">The location for the building of <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>’s boats was originally found elsewhere, however, at a 218,000 square-foot facility in Ajman, the smallest of the UAE’s emirates, which was established by keen fisherman and boater Mohammed Alshaali with his brother back in 1982.&nbsp;Starting off small by producing 14-foot runabouts targeted at the local market before reaching the milestone of the company’s first fishing boat, the Sport Fishing 24, the founding of the company by Alshaali originated from his personal experience with the prohibitive expense of shipping the boats he wanted to use for his fishing hobby from Europe or the USA to the UAE. “The idea came to us as the costs of shipping were just too much every time I wanted to buy a boat, so I thought why don’t we just build them here for ourselves?” To transform this idea into reality, Alshaali began discussions with other companies who were building boats predominantly in the USA.<img src="/uploads/store/photo/114456/image/large-878f4249a3b0ac9b89c9b573d48c47ec.jpg" data-gid="gid://syiq/Photo/114456">“We bought the technology from them, used their expertise, purchased some moulds and that’s how we started.” But launching a fibreglass boat-building business in a country which, as Alshaali describes it, “had no boat-building industry and no supporting industry behind it” presented its own series of challenges for the co-founder, who was also juggling this new endeavour with a diplomatic career serving as UAE ambassador to the US at the time.<img src="/uploads/store/photo/111012/image/large-01c4463f0d10290e66a0a2cf23444aa6.jpg" data-gid="gid://syiq/Photo/111012">There were also practical, operational considerations which might not occur to those of us based in Europe and the US, right down to the level of importing screws to the shipyard. As Alshaali explains, “We had no manpower or knowledge of building boats so we had to bring everyone in and train them and even bring in the trainers! It was a real learning curve for both ourselves and our customers for the first 20 years. We used to even pay our salary to those working in the company because we weren’t making any money: there were a lot of challenges.” Indeed, Gulf Craft’s distance away from subcontractors and suppliers remain as the primary challenge for the shipyard today.<img src="/uploads/store/photo/14407/image/large-20230dc4183e8ad03184c43a79d3ee47.jpg" data-gid="gid://syiq/Photo/14407">However, the expression about clouds and silver linings also comes into play here. <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> is known for its four distinctive brands: Silvercraft, Oryx Yachts, Nomad Yachts, and the largest of its ranges, Majesty Yachts, spanning from the pocket-sized Majesty 48, the first superyacht - the <a data-gid="gid://syiq/YachtModel/6384" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Majesty 10031.68m (103'11&quot;)">Majesty 100</a> - right up to the <a data-gid="gid://syiq/YachtModel/6812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Majesty 17553.0m (173'11&quot;)">Majesty 175</a> which is currently in build and awaiting a buyer ahead of her planned debut at this year’s Monaco Yacht Show. One of the common themes which keeps on returning during my conversation with Mohammed and Abeer is the importance of space on a <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> yacht: a quality which they attribute to the yard’s business model of building everything in-house.<img src="/uploads/store/photo/113378/image/large-5226135a9461e1d8f25c9d65d464327a.jpg" data-gid="gid://syiq/Photo/113378">The Chairman elucidates further: “Even in our smaller yachts we create better space on board than any of the competition. How do we do this? Not because we are geniuses, no, it’s because we do everything in-house: we don’t have subcontractors or suppliers. We do the design, the engineering, the building, the marble, the interior, we do the flooring, the ceiling: we do everything. As a result, everybody can work together to control and maximise the utility space for the customer.” Naturally, cost is also key. “This also goes to the cost - because we do everything in house, we control the quality, the cost, the delivery, and this is the benefit for the&nbsp;<a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft&nbsp;</a>customer: they get a better quality, or at least the same quality, at much less cost compared to the others. In short, we have made being far away our advantage.”<img src="/uploads/store/photo/99391/image/large-95a060788f12ced16ad3e0cfdbf153e1.jpg" data-gid="gid://syiq/Photo/99391">Indeed, the status of <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> today amongst the world’s foremost superyacht builders (“in the superyacht business we are between seventh and 15th in the world”), serves as proof that these initial obstacles didn’t need to become a sticking point for the company which it was unable to shake off. In fact, speaking to both the chairman and CEO, it becomes apparent that <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> has managed to overcome these logistical challenges to find a clear position within the market and is now looking to venture further into international markets: primarily the US and Europe, but also South-East Asia, Australia and South America.&nbsp;Now making its presence felt at the major yacht shows worldwide, including both <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2019">Cannes</a> and <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2019">Monaco</a>, <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> ended 2019 on a high note after being awarded ‘Best in the Show’ at the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale International Boat Show - 2019">Fort Lauderdale International Boat Show</a> for its 43.3-metre <a data-gid="gid://syiq/YachtModel/7401" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Majesty 14043.3m (142'1&quot;)">Majesty 140</a> superyacht. With this accolade behind them, the company conceptualises itself as a true “international player” and its strategy going forward reflects this.<img src="/uploads/store/photo/103661/image/large-590d4cfaa171edb13f53bc4d5858ef52.jpg" data-gid="gid://syiq/Photo/103661">Currently undergoing a major, ongoing restructuring plan which saw CEO Gregory Yeakle step down last summer and being replaced in the new year by Abeer, <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> has a whole host of exciting plans ahead. This includes the desire to venture into building larger yachts up to 60 metres out of steel and aluminium - a first for the fibreglass-specialised shipyard. This would require a new facility to be built (in addition to its quarters in the UAE, <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> also constructs vessels at a 100,000 square-foot facility in the Maldives) in order to accommodate this, and for which there is, according to the chairman, “definite interest from clients: we have the drawings for the first boats ready and we hope that we will start the first yacht soon.”<img src="/uploads/store/photo/118794/image/large-e74103c88ad9a01d4cca7b59f0d3dd19.jpg" data-gid="gid://syiq/Photo/118794"><img src="/uploads/store/photo/118792/image/large-65b2ad17a3b7ae0a474e25752b567067.jpg" data-gid="gid://syiq/Photo/118792">As well as responding to the much-commented-upon industry trend of new clients wanting to go bigger with their superyachts (“I think this is a universal trend: those people who have money try to always go bigger for their yachting needs, so whoever had a 30-metre 10 years’ ago will have a 40 or a 50-metre now”), taking advantage of the potential of going bigger by building in steel and aluminium also makes strategic sense for the company from a business perspective thanks to its ability to allow them to expand their market reach.<img src="/uploads/store/photo/103672/image/large-92c3180281489e0aa5d9dbb8f86a055b.jpg" data-gid="gid://syiq/Photo/103672">“We see that there are a lot of potentials for our product worldwide, and that is what we are counting on to build these big yachts for this market. When we talk about smaller yachts, we are more efficient in the Gulf region, but when it comes to exporting them - we cannot be as competitive as we are for bigger yachts. Whatever you pay for insurance, transportation, aftersales and marketing is the same whether you are exporting a small boat or a big boat, but you obviously make more from the big boat, which is why we are focusing on bigger yachts for the international market.”&nbsp;Alongside plans for a 200-foot steel and aluminium boat - which would join the Majesty line of superyachts - the company is also focusing efforts on broadening the reach of its mid-size range, having started their strategy for 2020 by “opening the market in Europe for Nomad and Oryx” as Abeer explains, commenting that she envisages significant growth for these two brands in the coming years. <img src="/uploads/store/photo/118772/image/large-9cdcc18e8a55d41e97b35cda727cbd91.jpg" data-gid="gid://syiq/Photo/118772">As for Abeer herself, who studied at Rice University in Houston, Texas before working for HSBC, taking on the role of acting CEO at <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> was an organic and natural progression from her previous role handling the management as Executive Management Officer at the company. Addressing the inevitable question of her status as the first Emirati woman to ever hold such a position at <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> - and, indeed, as the first female Emirati staff member to be employed by the company - Abeer sees it simply as “a sign of the times”, since we are seeing “more and more women in leading roles across the public sector in the UAE and worldwide.” <img src="/uploads/store/photo/118773/image/large-89a3e85a14b9058b5bf81eff27376e9f.jpg" data-gid="gid://syiq/Photo/118773">Looking to the future from her position at the helm, Abeer also hints at more excitement to come from <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>, with plenty of as-of-yet-undisclosed new products in the pipeline. “We are working hard on diversifying our market and raising the quality of our products to help us gain more maturity in the marketplace. The product line we will be launching in the next few years is going to be really interesting and spark a lot of attention! I am excited - I think in the next five years we will be seeing some real growth in terms of market share.”<img src="/uploads/store/photo/116011/image/large-b75e0c75cafa7ad62d0b6f1b7bc300e7.jpg" data-gid="gid://syiq/Photo/116011">For both Mohammed and Abeer, the success which <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> has forged over its 38-year long history so far is, at least in part, because of its unique geographical location far away from the hub of the superyacht industry, not just in spite of it. As the Chairman comments, “We don’t come from an industrial country, we come from a luxurious country, a country of Emirates airlines, with the highest building in the world. We come from a rich country and this is reflected in the products we sell.”&nbsp;Abeer agrees: “Dubai is synonymous with luxury, but, at the same time,&nbsp;<a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>&nbsp;was founded by boating people. So we sit at a special precipice in between people who have a history with the sea, have a love for the sea and know what boaters are looking for, but also understand the luxury aspect that clients have come to expect today. This is what gives us a real understanding and a feel for what clients are looking for in that marketplace.”<img src="/uploads/store/photo/99389/image/large-15eb62534d014e3c02ceb2e1e797a605.jpg" data-gid="gid://syiq/Photo/99389">Finally, then, with its completion on track for May 2020, it is hull number one of the Majesty 120 (first presented at the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2019">2019 Monaco Yacht Show</a>) which will be the next talking point for the yard and which will allow <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> to keep broadening its reach. Its design is “ideally suited” for international customers spanning the Gulf region, Europe and the USA, and features “fresh and light” interiors from the drawing boards of <a data-gid="gid://syiq/Company/205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cristiano Gatto Design (Company)">Cristiano Gatto</a>.&nbsp;The boat’s layout is available in either a five or six cabin configuration for up to 12 guests and she includes a sundeck jacuzzi and a beach club which can be converted into a tender storage unit. And, as a final nod to international industry trends, the Majesty 120 also has the accolade of being the first <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> superyacht with 100% electrically-operated and all engines and generators are powered using conventional diesel methods.<img src="/uploads/store/photo/113420/image/large-54f3f18c2cd44f831eb0521a76b44c9a.jpg" data-gid="gid://syiq/Photo/113420">With the restructuring process still very much underway at the company, there is clearly plenty of change on the horizon for <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>, but, as Mohammed Alshaali himself puts it, they’re more than up for the challenge. “To keep alive in the market, you have to bring some innovation, whether that is with the machinery, the engineering, the layout or the usage of space. That is what&nbsp;<a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>&nbsp;has always been known for and will continue to be known for in the future.”&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <a href="https://shop.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title=""><img src="/uploads/store/photo/55401/image/large-6524e9c9dfc37e22bf131ecc39bea57e.png" data-gid="gid://syiq/Photo/55401"></a>This article was first featured in The SuperYacht Times newspaper. <a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription">Subscribe</a> now to receive your copy straight to your door and never miss another issue.

An exclusive interview with the CEO of Emirati-superyacht builder Gulf Craft 

Majesty 140#3 yacht by Gulf Craft in Fort Lauderdale

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Majesty 100/06 yacht being unloaded in Fort Lauderdale

Majesty 100 yacht exterior

Majesty 175/001 yacht in build

Majesty 120/01 yacht launch

Gulf Craft Abeer Alshaali

Gulf Craft Mohammed Alshaali

Majesty 120/01 yacht during sea trials 

Majesty 140/03 yacht exterior

Majesty 140/03 yacht interior 

Majesty 175 - Profile

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Majesty 120 yacht project cruising

Majesty 120 yacht project deck design

Following a major restructuring, Gulf Craft's new acting CEO, Abeer Alshaali gives the inside scoop on what's new for the UAE-based business. 

Insight: Interview with the new Acting CEO of Gulf Craft

A new yacht brokerage firm, <a data-gid="gid://syiq/Company/6982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karma Yachting (Company)">Karma Yachting</a>, has been founded by Mario Cicognani and Karin Paggi, professionals with a cumulative experience of 32 years in the purchase, sale, and construction of yachts ranging from 30 to 60 meters. The two brokers have joined forces to offer clients 'expertise, reliability, and a well-established network of industry experts'. <img src="https://photo-assets.superyachttimes.com/photo/272056/image/large-2b4ec4d37307b89e90bb6de5ad3616ee.jpg" data-gid="gid://syiq/Photo/272056">As Cicognani says, "Whether it involves a new build, purchasing, or selling superyachts, we are committed to providing a fully customised service that ensures flawless, fast, easy, and transparent processes. We place great importance on discretion and attentively listening to individual needs in order to meet our customers' requirements, while also ensuring a pleasant and stimulating customer experience."<img src="https://photo-assets.superyachttimes.com/photo/272057/image/large-dab6546dfb423f5d944a6565997e80c3.jpg" data-gid="gid://syiq/Photo/272057"><a data-gid="gid://syiq/Company/6982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karma Yachting (Company)">Karma Yachting</a> will offer its clients a boutique brokerage approach. As Paggi emphasises, "We serve as a constant point of reference and have established long-standing relationships with our customers based on trust. At <a data-gid="gid://syiq/Company/6982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karma Yachting (Company)">Karma Yachting</a>, clients are free to choose their degree of participation and involvement in the project at any time. We can offer our clients an extensive list of professionals to choose from, including lawyers, designers, surveyors, and management companies, based on their preferences, experience, and sensitivity. By listening to their wishes and expectations, we deliver a tailor-made service and always recommend the best possible solution."<img src="https://photo-assets.superyachttimes.com/photo/272055/image/large-f90b86a842173a5db10923173040de7a.jpg" data-gid="gid://syiq/Photo/272055">The name <a data-gid="gid://syiq/Company/6982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karma Yachting (Company)">Karma Yachting</a>, in addition to being an amalgamation of the founders' names, also represents their philosophy of life, both in private and professional realms: to act in a correct and ethical manner.

Karma Yachting brokerage firm founded

A new yacht brokerage firm Karma Yachting has been founded by two Italian brokers. 

New yacht brokerage firm Karma Yachting has been launched

The Australian refit and maintenance yard <a data-gid="gid://syiq/Company/5437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Boat Works (Company)">The Boat Works</a> has expanded its capacity with a new 90-tonne travel lift. <a data-gid="gid://syiq/Company/5437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Boat Works (Company)">The Boat Works</a> now has five machines operating over both yards, lifting every type of vessel up to 300-tonnes. <img src="https://photo-assets.superyachttimes.com/photo/271396/image/large-262e69762e3293cdea5ebb23c818e1a5.jpg" data-gid="gid://syiq/Photo/271396">“To keep pace with demand, we decided to invest in this variable width, all-wheel drive machine,” &nbsp;explained <a data-gid="gid://syiq/Company/5437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Boat Works (Company)">The Boat Works</a> owner, Tony Longhurst. “It has an adjustable beam width narrowing the vessels footprint from 8 metres down to 5.5 metres allowing &nbsp;the team to maximise the vessel set down footprint. This is brilliant for boat storage as we can go &nbsp;narrow for the narrower runways and use it for packing boats in tight spots.”<img src="https://photo-assets.superyachttimes.com/photo/271403/image/large-7b2678db6b2f3538e335970d91427a01.jpg" data-gid="gid://syiq/Photo/271403">Built in Italy, the machine boasts unique Dynamic Steering Control (DSC), which its manufacturer defines as “allowing seamless transfer between 4 modes with infinite adjustment between each to allow &nbsp;progressive adjustment of the radius of rotation”. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/271400/image/large-ef3dbdd75e8fce9694a90fd655441dc6.jpg" data-gid="gid://syiq/Photo/271400">DSC is an innovative steering management system developed by Boat Lift. This system allows an operator to linearly move the axis of rotation in any position between the axis of the front wheels and the rear wheels. This makes it possible to significantly reduce the manoeuvring space required for the handling and storage of boats. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/271399/image/large-b8c8cfd255ccd65151a343b3828635b2.jpg" data-gid="gid://syiq/Photo/271399">The new 90-tonne Boat Lift is currently undergoing commissioning and will be ready to haul-out boats in June 2023. “The new Boat Lift gives us more flexibility, makes us more efficient and gives owners more &nbsp;options,” said Tony Longhurst. “We can lift wide multihulls and monohulls, and we can lift a lot more boats now. This new 90-tonne machine takes our service capability to a new level!”<img src="https://photo-assets.superyachttimes.com/photo/271397/image/large-12673dafa039aa1625d3ffaae6921e1d.jpg" data-gid="gid://syiq/Photo/271397">

The Boat Works welcome 90-tonne travel lift

Australian refit yard The Boat Works has welcomed a new 90-tonne travel lift from Italy. 

Australia's The Boat Works expands capacity with new 90-tonne travel lift

<a data-gid="gid://syiq/Company/3256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rivergate Marina & Shipyard (Company)">Rivergate Marina &amp; Shipyard</a>, based on the Brisbane River in Australia, is due to go onto the market in order to facilitate its next stage of development. The shipyard and marina, which is at this time a family owned business, was founded in 2006 and has gained an international reputation for its services and facilities. It has also been a pivotal destination for the growth of the Australian and Pacific superyacht industry. <img src="https://photo-assets.superyachttimes.com/photo/263278/image/large-831c2f4566a287e7110c038ff50d0d6f.jpeg" data-gid="gid://syiq/Photo/263278"><a data-gid="gid://syiq/Company/3256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rivergate Marina & Shipyard (Company)">Rivergate</a> Director Tom Hill commented, “This has been a difficult decision for our family-owned business, but we believe the time is right for a new owner to continue our work and oversee the next exciting phase of the Rivergate story.”Read:&nbsp;<a data-gid="gid://syiq/Article/57255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Investment, expansion and the rise in the Australian superyacht market: Director Tom Hill on Rivergate Marina (2023-03-29 16:00:00 +0200)">Investment, expansion and the rise in the Australian superyacht market: Director Tom Hill on Rivergate Marina</a> <img src="https://photo-assets.superyachttimes.com/photo/224514/image/large-e191b1448da2cf7d76e308e1624c2fe5.jpg" data-gid="gid://syiq/Photo/224514"><a data-gid="gid://syiq/Company/3256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rivergate Marina & Shipyard (Company)">Rivergate</a>’s facilities include 300-tonne and 75-tonne travel lifts, a 55-metre refit shed, hardstand, berthing for vessels up to 90 metres, 24-hour fuel wharf and more than 20 world-class marine trades on site. It features a 105-berth marina with all-tide deepwater access and 24-hour refuelling.Over recent years the shipyard has announced a number of major expansion plans, securing approval for $200 million AUD expansion in 2022. Plans include a state-of-the-art 3,000-tonne ship lift, SPMT transfer system, additional open hardstand space, refit sheds and support building, and in-water service berths suitable for a wide range of superyachts, commercial and Defence vessels.&nbsp;Hill added, “Australia is ideally placed to take more advantage of the buoyant global superyacht market, which &nbsp;has seen substantial pent-up demand to visit our region if there was more capability to service &nbsp;vessels over 50 metres,” Mr Hill said. &nbsp;“Any future expansion of Rivergate would also be excellent timing for the 2032 Olympic and &nbsp;Paralympic Games to be held in Brisbane, with industry expectations that the event will attract &nbsp;around 200 superyachts.” Mr Hill said Rivergate was known not only for the expertise and meticulousness of the tradespeople &nbsp;that refit and repair superyachts, but a level of customer service second to none. &nbsp;“With our strong global brand, highly experienced management team and staff in place and track &nbsp;record of successfully servicing hundreds of superyachts and commercial vessels over the past 17 &nbsp;years, Rivergate represents a rare market opportunity,” he said.

Rivergate Marina and Shipyard for sale

Rivergate Marina and Shipyard seeks new owner. 

Rivergate Marina and Shipyard seeks new owner

<a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> partner and long-term friend of the company Mario Veloná has passed away. <img src="https://photo-assets.superyachttimes.com/photo/270213/image/large-8c17263f0adcfdb613f5767a259ba046.jpg" data-gid="gid://syiq/Photo/270213">Mario was a successful yacht Captain before joining forces with fellow Captain Marco Vandoni to create Veloná Yachting in 1997. Veloná Yachting operated for a number of years before it became part of <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> in 2005.Mario continued as a Director and Broker before falling in love with the natural beauty and local culture of Costa Rica where he retired in 2018. An aggressive illness forced Mario to return to the South of France where, in the presence of Ayrton and Alex, he peacefully sailed away on Tuesday, 9th May.<img src="https://photo-assets.superyachttimes.com/photo/270214/image/large-c71ad4eb56cca87cc0cc66ffb8e0bdbf.jpg" data-gid="gid://syiq/Photo/270214">“Mario was an expert member of the yachting industry and gifted with a free spirit, genuine interest in people and immense charm. Mario will be fondly remembered and greatly missed by family and friends, his former colleagues at <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> and all who worked with him in the yachting industry,” commented <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>.A service will be held in Nice (Crematorium de la Metropole Nice) on Monday 15th May at 4pm. After that, friends are invited to get together in remembrance of Mario at “La Cambuse” in the Port of Cap D’Ail.

Ocean Independence partner Mario Veloná passes away

Ocean Independence partner and long-term friend of the company Mario Veloná has passed away.

From concept to completion, the new 4,300-tonne shiplift at <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a> was four years in the making at a cost of at least €70 million. A truly international venture, the project brought together contractors from half a dozen countries to resolve the many logistical, engineering and environmental challenges. We take a closer look at how it was done.<img src="https://photo-assets.superyachttimes.com/photo/261587/image/large-039002e970e80a7ca246214bed1d7e09.jpg" data-gid="gid://syiq/Photo/261587">It is difficult to appreciate the sheer scale of the new shiplift in <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">La Ciotat</a> unless you’re standing on top of it. The platform itself is 100 metres long, 20 metres wide, 2.7 metres deep and weighs 1,100 tonnes. It is now open for business, but the total redeveloped area covers 40,000 square metres and construction work continues on the peripheral infrastructures.The design and construction of a shiplift is composed of four principal activities: civil works, lift and transfer systems, platform fabrication, and installation followed by commissioning. The most cost-effective approach is for the shipyard to act as the general contractor and issue separate contracts for each of the activities. <img src="https://photo-assets.superyachttimes.com/photo/261585/image/large-76295cb817ddfe17c4cc27eb302e3055.jpg" data-gid="gid://syiq/Photo/261585"><a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a> divided the cost of the shiplift with <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">La Ciotat Shipyards</a>, the public company that manages the port area, but has spent an additional €13 million on adjacent facilities. The total stake represents a formidable asset for the refit shipyard, which can now host up to six more 100-metre plus superyacht on the hard, adding to an infrastructure that already includes a 2,000-tonne yacht lift, 600-tonne crane, 300-travel lift and 200-metre dry dock.&nbsp;Installing a shiplift in La Ciotat had been envisaged by <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> ever since it acquired a majority stake in <a data-gid="gid://syiq/Company/5474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CompositeWorks (Company)">CompositeWorks</a> in 2017. Work got under way the following year with preliminary simulations in compliance with French regulations and safety codes to determine the optimal size of the shiplift based on the land area available.“Every increase in lifting capacity is accompanied by an exponential increase in cost, so the final 4,300-tonne capacity represents the best balance between cost, commercial opportunities and the space we had to work with,” says Joe Degabriele, Senior Business Development Manager at <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a> tasked with commercialising the shiplift.<img src="https://photo-assets.superyachttimes.com/photo/261582/image/large-57990f9cf95d2e2aaa6476f37e7ec399.jpg" data-gid="gid://syiq/Photo/261582">Bardex Corporation, a US-based specialist in heavy load handling and positioning equipment, was contracted to oversee the design of the shiplift and transfer systems. In order to better understand the local business culture and practices, Bardex chose to partner with Matière SAS, a French engineering and construction company.“The design process starts by understanding the client’s needs and objectives for the facility, says Robert Taylor, senior structural engineer at Bardex. “We also investigate the site setting, access to and from the facility, the yard arrangement and the geological conditions. All of these inform us about the types of foundation system, yacht transfer arrangement and implementation plan that is most appropriate for the project.”Weight-liftingShiplifts are all about are speed and efficiency. In La Ciotat the entire process of lifting and positioning a yacht on the hard takes less than three hours, whereas the same procedure in a traditional graving dock requires the best part of a day. A shiplift can serve multiple parking places, but a dry dock usually hosts just one vessel at a time.&nbsp;The shiplift relies on very different technology from classic winches and cables. The Chain Jack Lift system is widely used in military shipyards for lifting warships and nuclear submarines. Powered by hydraulic rams, a chain jack hoists by engaging and pulling in a short length of chain, engaging a stop pin, retracting and repeating the process. <img src="https://photo-assets.superyachttimes.com/photo/261584/image/large-53a9dbfa280b0d59027c0314124af81d.jpg" data-gid="gid://syiq/Photo/261584">The system offers more precise movement of the platform than wire ropes or cables, which are prone to stretching (Lloyd’s requires 20 per cent of wire ropes to be removed and destructively tested each year and all wire ropes to be replaced every 5-10 years). La Ciotat has 20 chain jack units, 10 on each side of the pit, and each has two closed-loop chains for 100 percent redundancy.The lifting procedure is complex because it involves coordinating the motion of 20 devices connected to the same platform. The system moves one pitch, or two links of chain, each cycle for all 40 chains (factory tests show that the movement of the chain jacks can be coordinated to within one millimetre of each other). The entire lift system resets every cycle, which prevents the accumulation of differential elevation. To ensure all the units are working in perfect synchronisation, remote sensors relay the parameters in real-time to the central command system.“Hydraulic cylinders are ideally suited to shiplift operations because their movement is consistently precise,” says Taylor. “Bardex has further improved the synchronisation by equipping the lift stations and control system with hydraulic feedback motion control. This technology is widely used in heavy industrial robotic automation applications that require high precision motion control, such as special-purpose arc welding robots.”To guarantee an uninterrupted supply of electricity, the lifting system has its own dedicated substation with transformers supplied by the French division of the German company Schneider Electric. <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> invested in a further three substations for the supply of reliable shore power to the yachts and for refit work.<img src="https://photo-assets.superyachttimes.com/photo/261583/image/large-4166e0e83d90ea707fb10360c701a083.jpg" data-gid="gid://syiq/Photo/261583">Running on railsBuilt by Metallic Bridges Belgium (MBB), the actual platform had to be delivered by special transport. When a yacht enters the lifting pit and the chain jacks are activated, it comes to rest on a modular cradle that can be adjusted to suit the size of the vessel (<a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> ordered four such cradles from Schwartz Hautmont in Spain). As in a graving dock, divers assess that the ‘mating’ between hull and cradle is a snug and secure fit.&nbsp;Once the platform has been locked at ground level, the next phase is to transfer the yacht sideways off the platform and then longitudinally to a hard-standing space. Four-wheel bogies or trolleys constructed by Bardex Industries in South Korea are aligned under the cradle. The bogies, which have a passive hydraulic suspension system to raise the yacht and its cradle over the top of the chain jack units, run along 6.5km of intersecting rails built by Bemo Rails in The Netherlands and can change direction by lifting themselves off the tracks and turning their wheels 90 degrees. <img src="https://photo-assets.superyachttimes.com/photo/261597/image/large-cd3dfe47b75870da76a82b08717ad440.jpg" data-gid="gid://syiq/Photo/261597">The two axes of motion meant the rails and intersections had to be installed to a tolerance of +/- 5mm to ensure smooth transfers. Maintaining stability is obviously essential throughout the operation, especially when moving the yacht off the platform.“Transferring yachts laterally off the platform required careful coordination of the civil works, structural system and lift station elevations to ensure adequate clearance for the yacht and static supports to pass over the lift stations,” says Taylor. “This type of transfer operation also imposes unbalanced loads on the structural systems. Detailed engineering analysis and the use of hydraulically actuated pin supports were required to ensure the structure remains stable under this loading condition.” <img src="https://photo-assets.superyachttimes.com/photo/261598/image/large-46859a2c27c1aaa4e641dcc7c146976b.jpg" data-gid="gid://syiq/Photo/261598">There are five hard-standing places to the side of the platform and one in front of it (a 6th is a common area that can be used for short-term projects such as pre-purchase inspections). Once in position, the cradle is lowered to the ground, the bogies removed and the yacht hooked up to the shore power, fresh water and waste management systems. Anchoring points in the concrete are used for bracing scaffolding and tenting when the yachts need to covered. <img src="https://photo-assets.superyachttimes.com/photo/261599/image/large-5e0187dde33c13a6e4b502b4da2f46b1.jpg" data-gid="gid://syiq/Photo/261599">At the time of writing, the shiplift and transfer systems were approaching completion before final testing and certification by <a data-gid="gid://syiq/Company/554" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyds Ships (Company)">Lloyds Register</a> (shiplifts come under Lloyds’ Code for Lifting Appliances in a Marine Environment, excluding the civil engineering works). Despite the many technical and logistical challenges, the shiplift was on schedule for its official inauguration in September.&nbsp;“The most difficult thing has been organising all the different companies around the world and up to 200 personnel working on site each day, especially during the Covid pandemic,” says Mathieu Bauden, the man responsible for coordinating the works as Facilities &amp; Storage Manager at <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a>. “But it’s a great source of satisfaction that when we signed this project four years ago, we decided to open the platform on 15 September 2022. And that is still the opening date.”<img src="https://photo-assets.superyachttimes.com/photo/261591/image/large-603e1e48173db47dc861262e8eaf1093.jpg" data-gid="gid://syiq/Photo/261591">SHIPLIFT TRIVIA• The Syncrolift System was invented by Raymond Pearlson, who was later awarded the Sperry Award for his invention. The first Synchrolift in 1957 had a lifting capacity of 100 tons.&nbsp;• In 1967 Hydranautics, now Bardex Corporation, designed, patented, manufactured and delivered the first shiplift using chains instead of wire rope.&nbsp;• The Three Gorges Dam on the Yangtze in Central China has a shiplift for transferring vessels up to 3,000 tonnes across a vertical distance of 113 metres. The ship chamber has a pool of water 120 metres long by 18 metres wide and 3.5 metres deep.&nbsp;• The world’s largest shiplift dedicated exclusively to yachts is the 4,800-tonne shiplift at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Barcelona</a>. Commissioned in 2019, it was designed and supplied by Pearlson Shiplift Corporation.This article was originally published in September 2022 of Issue 1 of the How to Build It magazine. <a href="https://superyachttimes.com/api/download/how-to-build-it-issue-1" target="_blank">You can download the entire magazine for free here</a>.

At the shipyard with MB92 La Ciotat

Justin Ratcliffe went behind the scenes for the unveiling of the new shiplift at MB92 La Ciotat.

How to build a shiplift with MB92 La Ciotat

<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> and Blue World Technologies have joined forces to drive innovation in the field of energy technology, marking a significant milestone for both companies. The strategic collaboration, which was officially announced in April 2023, underlines <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> commitment to advancing sustainable and future fuel technologies.<img src="https://photo-assets.superyachttimes.com/photo/270072/image/large-d78446a983817cb1eb4e1056f609e055.jpg" data-gid="gid://syiq/Photo/270072">Headquartered in Aalborg, Denmark, Blue World Technologies is a leading developer and manufacturer of high-temperature PEM fuel cells that run on methanol. The company's mission is to introduce energy-efficient and cost-effective methanol fuel cell technology to industries worldwide. It has been working closely with <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> as part of the Dutch superyacht builder's energy programme.<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> decision to partner with Blue World Technologies was influenced by the company's next-generation fuel cell technology, which offers higher efficiency and the potential for more energy-efficient vessel operation thanks to the quality of recoverable heat. Additionally, Blue World Technologies' focus on methanol aligns with <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> sustainability vision, which aims to reduce its carbon footprint and explore new ways to safeguard the environment.<img src="https://photo-assets.superyachttimes.com/photo/270071/image/large-f6b24d4406d4eecaec079447b99a4dd7.jpg" data-gid="gid://syiq/Photo/270071">According to Torben Mørch Sørensen, Marine Sales Director at Blue World Technologies, the collaboration presents a tremendous opportunity for both parties to share knowledge and drive innovation in pursuing a greener maritime industry. The partnership will involve close collaboration between builders and suppliers, with the Blue World Technologies team working closely with <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> Product Design Managers and Engineers toward implementing sustainable solutions in the company's products and projects."We are thrilled to be working with the team at Blue World Technologies," said Haico van Roeden, <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting Design</a> and Proposal Engineer. "Our shared ambition and goals align very well, and we look forward to exploring the opportunities this collaboration presents in the coming months." With a focus on sustainability and innovation, <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> and Blue World Technologies are poised to impact the yachting industry's future significantly.

Damen Yachting and Blue World Technologies partnership

Damen Yachting and Blue World Technologies have joined forces to drive innovation in the field of energy technology.

Damen Yachting and Blue World Technologies join forces to advance sustainable and fuel technologies

Italy-based yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has reported a significant improvement in Q1 2023 margins in their latest financial report. The Board of Directors at <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> reviewed and approved the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a>’s consolidated financial results for the first quarter of 2023 and reported an order backlog of €1.5 billion.<img src="https://photo-assets.superyachttimes.com/photo/269914/image/large-f008f2595c26a0e0ddc9ff1c03717d36.jpg" data-gid="gid://syiq/Photo/269914">Headquartered in Forlì, Italy, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> reported an order intake of €307.5 million in the first three months of 2023. The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a> also saw a 15.4 percent increase in the order backlog compared to 31 December 2022 due to strong demand on international markets.The order backlog is broken down into segments, with made-to-measure yachts responsible for approximately 37.7 percent of the order backlog and equivalent to €549.1 million as of 31 March 2023. Composite yachts reached €489.9 million, or 32.7 percent of the total backlog, superyachts made up 25.7 percent or €384.6 million of the backlog, and other businesses such as <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a> Sail and the (<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> Security Division) FSD made up €72.7 million, or 4.9 percent of the total backlog.<img src="https://photo-assets.superyachttimes.com/photo/262170/image/large-58ac563f0eedce204ff480d094b86af1.jpeg" data-gid="gid://syiq/Photo/262170">“The luxury yacht market continues to see strong expansion and, once again, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> shows vision and foresight, as witnessed by the important acquisition of Cantiere San Vitale, in Ravenna, the cornerstone of a future-looking growth strategy,” commented <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> CEO, Alberto Galassi.The total revenue for Q1 2023 surpassed €280 million, representing an increase of 9.3 percent compared to Q1 2022. The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> attributes this figure to the strong order backlog built in 2022.<img src="https://photo-assets.superyachttimes.com/photo/260867/image/large-5e5d5c3dcbe40ce54198eb723f80f847.jpeg" data-gid="gid://syiq/Photo/260867">When this revenue is broken down into geographical locations, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> found that approximately 48.2 percent of the total revenue for Q1 2023 came from Europe, Middle East, and Africa regions (EMEA.) The North America, Central America, and South America regions (AMAS) were responsible for 28.6 percent, while the Asia-Pacific region (APAC) accounted for 11.4 percent of the total revenue.&nbsp;The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> also revealed an increase of 26.6 percent for adjusted EBITDA for Q1 2023 compared to Q1 2022. This improvement has been attributed to a longer waiting and high order backlog which reflects pricing power, a larger presence in segments such as made-to-measure, and the economy of scale in purchasing with a more efficient fixed costs absorption.The overall net profit 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> was reported as €18.6 million in Q1 2023, representing an increase of 42 percent from Q1 2022, with a margin equivalent to 6.6 percent in Q1 2023, representing an increase of 120 basis points when compared to Q1 2022.<img src="https://photo-assets.superyachttimes.com/photo/243240/image/large-c8d44c405138c49644ebabd8896f5e94.jpg" data-gid="gid://syiq/Photo/243240">The huge interest shown by the financial community after the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a>’s first Capital Markets Day and the very positive financial results reported in Q1 2023, are another demonstration of our solidity and confirm once again that our shareholders and our customers were right to place their confidence in us,” concluded Alberto Galassi.

Ferretti Group reports €1.5 billion order backlog for Q1 2023 

The Ferretti Group has reported a significant improvement in Q1 2023 margins in their latest financial report compared to Q1 2022.

Ferretti Group announces €1.5 billion order backlog for Q1 2023 financial report

The <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Ordinary Shareholders’ Meeting has approved the Financial Statements for the year ended 31 December 2022. The meeting proposed the allocation of the more than €22 million profit, including the distribution of a dividend of €0.66 per share, gross of withholding tax. <img src="https://photo-assets.superyachttimes.com/photo/251953/image/large-55cc082ff4a9a8179c905e3cd857a19c.jpg" data-gid="gid://syiq/Photo/251953">The number of shares entitled to payment will be determined 3 May 2023, with the ex-dividend date on 2 May 2023 and payment on 4 May 2023. The dividend amount for the 2022 financial year is up by 10 percent from 2021 and corresponds to a pay-out of approximately 31 percent of the Group's net profit.<img src="https://photo-assets.superyachttimes.com/photo/268405/image/large-0fe4b56c7fa5bf4533eb5955ddd1c1c0.jpg" data-gid="gid://syiq/Photo/268405">During the Shareholders’ Meeting, chaired by <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> CEO Massimo Perotti, the Consolidated Financial Statements for the year ended 31 December 2022 were also presented. These showed Net revenues from the sale of new yachts equal to €740.7 million. This figure is up 26.4 percent compared to 2021’s figure of €585.9 million.&nbsp;The statement also showed that EBITDA (earnings before interest, taxes, depreciation, and amortization) were equal to €129.6 million, up by 37 percent compared to €94.6 million in 2021. The Group Net profit was up by 45.4 percent from 2021 and was equal to €74.2 million, while the net cash position was equal to €100.3 million, up by €61.3 million compared to €39 million as of 31 December 2021.<img src="https://photo-assets.superyachttimes.com/photo/250520/image/large-0a3fbeca280e8c3933c53ff570e0aa4f.jpg" data-gid="gid://syiq/Photo/250520">For the third year, the 2022 Consolidated Non-Financial Statement was prepared as a separate report from the financial statements and presented during the Shareholders’ meeting. This is in accordance with the requirements of Italian Legislative Decree 254/2016 and drawn up according to the GRI Universal Standards.The 2022 Consolidated Non-Financial Statement describes all the main activities performed by the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Group in relation to environmental, social, personnel, human rights, and anti-corruption issues through a 360-degree responsible approach that looks at product and process sustainability, human resources, supply chain, and the entire territory.<img src="https://photo-assets.superyachttimes.com/photo/7146/image/large-1ccb974245f810b85b1716f241cce43b.JPG" data-gid="gid://syiq/Photo/7146">The Ordinary Shareholders’ Meeting examined the report prepared by the Company’s Board of Directors on the policy regarding remuneration and fees paid. The “First section” of the Report on Remuneration, relating to the remuneration policy for members of administrative bodies, general managers, and managers with strategic responsibilities, was approved. The “Second section” of the report was resolved in a favorable sense.Following the resignation of Directors Marco Viti and Pietro Gussalli Beretta on 26 August 2022 and 14 March 2023, respectively, the Ordinary Shareholders’ Meeting reduced the Board of Directors to 10 members, compared to 12 as determined by the Ordinary Shareholders’ Meeting of 28 April 2022. <img src="https://photo-assets.superyachttimes.com/photo/111105/image/large-e1d1a7477975847b6730979de19d203b.png" data-gid="gid://syiq/Photo/111105">The members of the Board of Directors, which will remain in office up to 31 December 2024, are, therefore, the following: Massimo Perotti, Paolo Olivieri, Ferruccio Rossi, Carla Demaria, Cecilia Maria Perotti, Licia Mattioli, Silvia Merlo, Leonardo Luca Etro, Francesca Culasso and Marco Francesco Mazzù.

Sanlorenzo Ordinary Shareholders’ Meeting approves 2022 financial statements

The Sanlorenzo Ordinary Shareholders’ Meeting has approved the Financial Statements for the year ended 31 December 2022.

Sanlorenzo reports €740m net revenue from sale of new yachts for 2022

In recent years, the consensus within the superyacht industry has been that ‘biggest is best’, yachts are getting larger every year and superyacht news is dominated by the biggest names on the water. The tiny (by comparison) stars of the yacht construction industry, however, are the yacht’s model counterparts that take pride of place among their paramours and whose builders can hold their own against any of the yachting giants. Take a short walk along the dock at the <a data-gid="gid://syiq/Event/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2022">Monaco Yacht Show</a>, step into the studio of any designer or yacht club, and it is not only the on-water vessels that steal the limelight, it is also the models that represent them. <img src="https://photo-assets.superyachttimes.com/photo/267544/image/large-04b01483d98697bc4faddb35c1eb3895.jpeg" data-gid="gid://syiq/Photo/267544">Historically, yacht hull models were used to help owners select their next vessel, and then they were used to commemorate the yacht on the water, displayed in pride of place within the homes of the owner or the club they raced with. While these uses still abound, today shipyards and designers use superyacht models to display their work, unveil new superyacht designs and to record previous models in perpetuity. We spoke with a few of the companies that pioneer within the yacht model industry, and experts shared their thoughts on the value and importance that the models represent.One company whose models become talking points of their own and which never fail to attract the crowds at any yacht show are <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>’s. The shipyard is known worldwide for its work on future yacht concepts, designed in collaboration with <a data-gid="gid://syiq/Company/5009" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lateral Naval Architects (Company)">Lateral Naval Architects</a> and the craftsmen behind these extraordinary models are <a data-gid="gid://syiq/Company/7126" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scale Models Weston (Company)">Scale Models Weston</a>. Based in Colchester, England, the model makers have been collaborating with the shipyard that is at the forefront of cutting-edge yacht design for years. Jason Shearman, Director of the company explained “The details and technology that we incorporate into the <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> models always make for an interesting project and the models produced are a stunning replica of their design flair and showcase our skilled craftsmanship to its full extent.” <img src="https://photo-assets.superyachttimes.com/photo/267556/image/large-25ce98ba119ff6169fdeac1b30f6c52f.jpg" data-gid="gid://syiq/Photo/267556"><a data-gid="gid://syiq/Company/7126" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scale Models Weston (Company)">Weston</a> are a boutique organisation, with a permanent four man team, the craftsmen's ranks are bolstered during busy show seasons with freelance model craftsmen. One of the larger fish in the model-making industry is the Italian company <a data-gid="gid://syiq/Company/4884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Model Maker Group (Company)">ModelMakerGroup</a>, and with over 30 craftsmen, the company builds nearly 400 models a year for top industry names across the globe. The sentiment shared by all of the experts that we spoke to is that yacht models have a vital role to play within the wider industry, bringing drawings to life and giving designers, owners and shipyards the opportunity to touch, feel and investigate a design before metal is cut. Giuseppe Capobianco of <a data-gid="gid://syiq/Company/4884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Model Maker Group (Company)">ModelMakerGroup</a> explains, “Most of the yacht’s we model are yet to be presented to the market, meaning that confidentiality is a must. It also means that our workshops are filled with the vessels of the future, and a tour of our studios would give you a real sense of how the industry develops every year.” <img src="https://photo-assets.superyachttimes.com/photo/267545/image/large-12594031a04e3e845fa0752cd34d87d0.jpg" data-gid="gid://syiq/Photo/267545">While an onlooker may see yacht models as a toy, like a model car, yacht model construction is a painstaking process that takes months to complete and, as Jason touched on, can feature complex technology. Many of the models we see at yacht shows today are malleable, with parts that can be moved, removed, added to, some even including hydraulic features.Jason Shearman of <a data-gid="gid://syiq/Company/7126" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scale Models Weston (Company)">Weston</a> added, “Our models provide a focal point for a marketing stand at an exhibition, board room, or as pride of place on the actual vessel. I believe a model superyacht helps to ignite the imagination of the viewer and creates a visual representation of the lifestyle a real yacht could offer. The features included on some recent superyachts that we have produced have really helped to bring the space to life, from a spa with scent diffuser triggered when the door is opened, to a tiny HDTV installed in the seating area for movie nights under the stars, there is a huge scope in utilising technology to showcase what life aboard could really be like.”<img src="https://photo-assets.superyachttimes.com/photo/267546/image/large-3b111e9247cecc105e79f435223c370f.jpg" data-gid="gid://syiq/Photo/267546">Brian Klassen, who builds yacht models at his studio in Canada for the yachting and commercial ship building industries believes that models have a vital role to play in the wider industry, despite the improvement in rendering technology. “Models are extremely valuable because not everyone can understand drawings or visualize a new concept. Renderings and videos provide good presentations, but a scale model can be viewed from all angles by a single viewer or multiple viewers gathered around a real, tangible representation, not a screen.”<img src="https://photo-assets.superyachttimes.com/photo/267559/image/large-324a04fe016e2e09313dc7dc9ad5cba4.jpg" data-gid="gid://syiq/Photo/267559">It's not only within the models themselves that technology comes into play. Like the shipyards themselves, automation and advancing tech is shaping the way models are produced. Guiseppe Capobianco explains, “In almost 20 years of model making we have tested different techniques, invested in technology and researched new production practices. We introduced 3D printing 18 years ago and recently we introduced a new innovative 3D printer to reproduce more realistic details. This machine completely changes the way of designing intricate details within the models and enables us to go deeper into the superyacht design.”<img src="https://photo-assets.superyachttimes.com/photo/267558/image/large-9d1fbce5de10595a6b9481420b9f9723.jpg" data-gid="gid://syiq/Photo/267558">The technology within the sector is increasing every year, and AR is becoming more commonplace both on superyachts, and their models. With the demographic of superyacht owners shifting to the next generation, the tech industry is melding with yachting and owner’s expectations for interactivity are changing. “The idea that we can seamlessly connect the real world with the virtual is intriguing and an area that I believe will enhance the model making industry,” explained Jason, “with the overall look and feel of the yacht to be found on the model and the finer details such as the cabins and décor to be overlayed in the virtual world, offering a fully immersive experience.”This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-44" target="_blank">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>.

Scale superyacht models and their makers

Scale models may be small, but they have a hugely important role in the yachting industry. We found out more.

home-htbi#1

Small yachts, big impact: A closer look at the scale model industry

Guernsey-based <a data-gid="gid://syiq/Company/7132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bachmann Group (Company)">BachmannHR Group</a> has announced the appointment of Ben Mahy as Business Development Manager, as well as Director of <a data-gid="gid://syiq/Company/7132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bachmann Group (Company)">Bachmann</a> Technical Services.<img src="https://photo-assets.superyachttimes.com/photo/268038/image/large-6e72e6106469db9376673ca71df4b809.jpg" data-gid="gid://syiq/Photo/268038"><a data-gid="gid://syiq/Company/7132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bachmann Group (Company)">BachmannHR Group</a> has been operating in the marine sector since 1974 and owns a fleet of 50 superyachts. The group manages and employs a crew of around 15,000 mariners which work on a variety of yachts, cruise ships, ferries, and all other types of commercial shipping.Ben Mahy has been involved in yachting for around 20 years, working as a trained naval architect, project manager and chartered engineer. For the last five years, Ben has worked as a boatyard manager and brings a plethora of experience to his new role.&nbsp;“We are all delighted to welcome Ben to the team, a very experienced superyacht professional. He brings to the business new capabilities that will build on the existing service the Group can offer,” commented Nick Saul, CEO of the Group.Ben will be promoting the services of <a data-gid="gid://syiq/Company/7132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bachmann Group (Company)">Bachmann</a> in corporate ownership of yachts and aircraft, crew employment and payroll, port services and developing a new direction in assisting yachts with support in Technical Service such as refits, shipyard liaison and planning. He will also lead the team in the supply of ISM and mini ISM systems.

BachmannHR Group appoints Business Development Manager 

BachmannHR Group has announced the appointment of Ben Mahy as
Business Development Manager and  Director of Bachmann Technical Services.


BachmannHR Group appoints Business Development Manager and Director of Technical Services

The 28.5-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> motor <a href="https://www.superyachttimes.com/yachts/liberty-call-29m/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Liberty Call for sale</a> has entered the market. Delivered in 2015 as part of the <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> Delfino 93 series, she poses an exciting opportunity to own a pedigree model yacht. <img src="https://photo-assets.superyachttimes.com/photo/272177/image/large-5d8cd9b64442889417e512ad52501147.png" data-gid="gid://syiq/Photo/272177"><a data-gid="gid://syiq/Yacht/6779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liberty Call 28.5m (93'6&quot;)Benetti SpA2015">Liberty Call</a> features exterior design by renowned design house <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>. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features a Displacement GRP hull and GRP superstructure, with interior design and naval architecture from her builder <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti SpA</a>.<img src="https://photo-assets.superyachttimes.com/photo/272192/image/large-39a0cd5f98559614e85f40475226fc59.png" data-gid="gid://syiq/Photo/272192">The 152 GT <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> has been under the same ownership since 2016 and has been well-maintained by her owner. Based in Pattaya, Thailand, the owner of <a data-gid="gid://syiq/Yacht/6779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liberty Call 28.5m (93'6&quot;)Benetti SpA2015">Liberty Call</a> has mainly enjoyed her for cruising the local archipelago.<img src="https://photo-assets.superyachttimes.com/photo/272178/image/large-37a6793c1bba73bb4cf2f965e9820b99.png" data-gid="gid://syiq/Photo/272178"><a data-gid="gid://syiq/Yacht/6779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liberty Call 28.5m (93'6&quot;)Benetti SpA2015">Liberty Call</a> features a light and modern interior design, with soft furnishings adorned in a neutral colour palette. Her open-plan main saloon flows seamlessly into her dining area, with seating for up to eight guests for formal meals.<img src="https://photo-assets.superyachttimes.com/photo/272179/image/large-078d6648bcd133b14c88f4ba146f4203.png" data-gid="gid://syiq/Photo/272179"><img src="https://photo-assets.superyachttimes.com/photo/272180/image/large-994e254a3a23f55808d638f90ed67b4b.png" data-gid="gid://syiq/Photo/272180">A rare feature onboard a yacht this size is her master suite located on the main deck. <a data-gid="gid://syiq/Yacht/6779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liberty Call 28.5m (93'6&quot;)Benetti SpA2015">Liberty Call</a><a data-gid="gid://syiq/Yacht/6779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liberty Call 28.5m (93'6&quot;)Benetti SpA2015">Liberty Call</a> can comfortably accommodate up to 12 guests in total across five staterooms, with a further two VIP and two twin staterooms with Pullman berths on the lower deck.<img src="https://photo-assets.superyachttimes.com/photo/272189/image/large-2bfbd3093ae8d24712a4586373827810.png" data-gid="gid://syiq/Photo/272189"><img src="https://photo-assets.superyachttimes.com/photo/272191/image/large-0ce5f1104b93836e61b9d67ed0c18ca7.png" data-gid="gid://syiq/Photo/272191"><img src="https://photo-assets.superyachttimes.com/photo/272176/image/large-438b7d85e10afb1563d7d8415e204333.png" data-gid="gid://syiq/Photo/272176"><a data-gid="gid://syiq/Yacht/6779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liberty Call 28.5m (93'6&quot;)Benetti SpA2015">Liberty Call</a> boasts plenty of exterior space and has been designed with entertainment and relaxation in mind. Her large sunpad on the bow allows for guests to top up their tans, while her flybridge offers the opportunity to dine alfresco. <img src="https://photo-assets.superyachttimes.com/photo/264490/image/large-bfd2b30bbed0693b6985bab4bf9c5569.jpeg" data-gid="gid://syiq/Photo/264490"><a data-gid="gid://syiq/Yacht/6779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liberty Call 28.5m (93'6&quot;)Benetti SpA2015">Liberty Call</a> has full <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a> certification and is equipped with twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines. The <a href="https://www.superyachttimes.com/yachts/benetti/for-sale" rel="noopener noreferrer" target="_blank" title="">Benetti yacht for sale</a> can reach a top speed of 14 knots and a comfortable cruising speed of 10 knots.<img src="https://photo-assets.superyachttimes.com/photo/272183/image/large-13956314d43ea59b17cbc27a23f12c91.png" data-gid="gid://syiq/Photo/272183">

28m Benetti motor yacht Liberty Call for sale

The 29m Benetti Delfino 93 yacht Liberty Call for sale was delivered in 2015 and is a pedigree example of the model.

29m Benetti Delfino 93 yacht Liberty Call for sale

The 25.2-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/13014" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karibu25.2m (82'8&quot;)Azimut Yachts2015">Karibu</a> sold in a deal with Emma Karanova of <a data-gid="gid://syiq/Company/4901" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="breezeYachting.Swiss (Company)">breezeYachting.Swiss</a> introducing the buyer and Wilson Wu and Nick Stratton from <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/272212/image/large-4e706d586ac8e1d099ac2d238a9b32d4.jpg" data-gid="gid://syiq/Photo/272212">The <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> 80 yacht was delivered in 2015 from Italy and features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, with naval architecture from her builder <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut Yachts</a>. <a data-gid="gid://syiq/Yacht/13014" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karibu25.2m (82'8&quot;)Azimut Yachts2015">Karibu</a> also boasts an immaculate, like-new interior from <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a>.&nbsp;<a data-gid="gid://syiq/Yacht/13014" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karibu25.2m (82'8&quot;)Azimut Yachts2015">Karibu</a> can comfortably sleep up to eight guests across four staterooms on the lower deck, with ensuite bathrooms for the utmost privacy. As well as this, <a data-gid="gid://syiq/Yacht/13014" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karibu25.2m (82'8&quot;)Azimut Yachts2015">Karibu</a> accommodates a crew of three in two cabins.&nbsp;Performance-wise, <a data-gid="gid://syiq/Yacht/13014" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karibu25.2m (82'8&quot;)Azimut Yachts2015">Karibu</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 which provide her with a top speed of 31 knots and a cruising speed of 25 knots.&nbsp;

25m Azimut 80 yacht Karibu sold

The 25m Azimut motor yacht Karibu sold in a deal with breezeYachting.Swiss and Simpson Marine.

25m Azimut 80 motor yacht Karibu sold

The 60.4-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/7338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusine60.4m (198'2&quot;)Heesen Yachts2022">Lusine</a> sold in a deal with Andrew Bond of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> introducing the buyer and Jonathan Hind of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> and Luc Khaldoun from <a data-gid="gid://syiq/Company/6947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kayz Marine (Company)">Kayz Marine</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/243147/image/large-9bf8df40d263f16327f3a02550982333.jpeg" data-gid="gid://syiq/Photo/243147">Previously known as Project Falcon, the fully-custom motor yacht was delivered in 2022 from the Netherlands. <a data-gid="gid://syiq/Yacht/7338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusine60.4m (198'2&quot;)Heesen Yachts2022">Lusine</a> features an 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> with naval architecture by <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a> and <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>.<img src="https://photo-assets.superyachttimes.com/photo/241621/image/large-af24b745e5522ac98c09b33a2638a7b4.jpg" data-gid="gid://syiq/Photo/241621"><img src="https://photo-assets.superyachttimes.com/photo/243145/image/large-77c71b609b346f6786c94e408e1d5a16.jpeg" data-gid="gid://syiq/Photo/243145"><img src="https://photo-assets.superyachttimes.com/photo/243146/image/large-5fdea196587ce1e17bf525c49596bb56.jpeg" data-gid="gid://syiq/Photo/243146"><a data-gid="gid://syiq/Yacht/7338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusine60.4m (198'2&quot;)Heesen Yachts2022">Lusine</a> is characterised by her striking exterior profile, and her most notable exterior feature, a ‘bird’s wing’ motif. <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a> penned this detail to integrate her main deck, bridge and sun deck without interfering with the horizontal sweeps of glass.<img src="https://photo-assets.superyachttimes.com/photo/243144/image/large-8a0d03ff13fc3e80d9c5139b4f98b5cd.jpeg" data-gid="gid://syiq/Photo/243144"><a data-gid="gid://syiq/Yacht/7338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusine60.4m (198'2&quot;)Heesen Yachts2022">Lusine</a> features interior design from <a data-gid="gid://syiq/Company/926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sinot Yacht Architecture & Design (Company)">Sinot Yacht Architecture &amp; Design</a> with a nautical theme flowing throughout. Her main saloon is adorned with creams and blues, while her coffee tables replicate natural formations such as crystals or coral reefs.Read:&nbsp;<a data-gid="gid://syiq/Article/55951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First look onboard Heesen’s 60m superyacht Lusine (2022-09-19 11:30:00 +0200)">First look onboard Heesen’s 60m superyacht Lusine<img src="https://photo-assets.superyachttimes.com/photo/243143/image/large-915ca713691a0be03c6ccde557f1a1f9.jpeg" data-gid="gid://syiq/Photo/243143"><img src="https://photo-assets.superyachttimes.com/photo/243140/image/large-8cdec4ce3e931c244aa53188cce150ec.jpeg" data-gid="gid://syiq/Photo/243140"><img src="https://photo-assets.superyachttimes.com/photo/243141/image/large-a8b6fa844782771d99f53e0f803d76e2.jpeg" data-gid="gid://syiq/Photo/243141"></a><a data-gid="gid://syiq/Yacht/7338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusine60.4m (198'2&quot;)Heesen Yachts2022">Lusine</a> welcomes up to 16 guests across eight staterooms, all of which are ensuite. The owner’s suite and a VIP suite are located on the sundeck, while there are four twin staterooms on the lower deck, and a full-beam VIP with lounge and twin stateroom on the main deck.<img src="https://photo-assets.superyachttimes.com/photo/241623/image/large-9d2b661b08a11fceac7989073ea4b833.jpg" data-gid="gid://syiq/Photo/241623"><img src="https://photo-assets.superyachttimes.com/photo/243127/image/large-e9b7fcb69529d638b5a8e79a92714146.jpeg" data-gid="gid://syiq/Photo/243127"><img src="https://photo-assets.superyachttimes.com/photo/243134/image/large-92e58b923d2835cfa543993f36cd7a1d.jpeg" data-gid="gid://syiq/Photo/243134"><a data-gid="gid://syiq/Yacht/7338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusine60.4m (198'2&quot;)Heesen Yachts2022">Lusine</a> spans three decks, boasts 1,079 GT of interior volume and is fitted with a number of stand-out features that include a touch-and-go helipad, glass elevator and a raised Jacuzzi. <img src="https://photo-assets.superyachttimes.com/photo/243135/image/large-5f7881121c02ae24b20cd07b8fcf593d.jpeg" data-gid="gid://syiq/Photo/243135"><img src="https://photo-assets.superyachttimes.com/photo/243130/image/large-82c9099bf8b829e8cc93c2f7a4c875b9.jpeg" data-gid="gid://syiq/Photo/243130"><img src="https://photo-assets.superyachttimes.com/photo/243126/image/large-5b5bfabd489ebd49608435081b6e24ed.jpeg" data-gid="gid://syiq/Photo/243126"><a data-gid="gid://syiq/Yacht/7338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lusine60.4m (198'2&quot;)Heesen Yachts2022">Lusine</a> is equipped with twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines that deliver a 4,200 nautical mile range when cruising at 12 knots, and a top speed of 17.5 knots. At the time of her sale, Lusine had a last known asking price of $82,000,000.<img src="https://photo-assets.superyachttimes.com/photo/242968/image/large-c33366fd6b35a15a8a09bb5dc693afed.jpeg" data-gid="gid://syiq/Photo/242968">

60m Heesen motor yacht Lusine sold

The 60m Heesen superyacht Lusine sold with a last known asking price of $82,000,000.

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60m Heesen superyacht Lusine sold

The 41m Concorde sailing yacht <a data-gid="gid://syiq/Yacht/243" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Pure 241.0m (134'6&quot;)Concorde Yachts1992">Ocean Pure 2</a> sold in a deal with Maël Fiolet of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a> representing the seller, in collaboration with Bertrand Vogèle from <a data-gid="gid://syiq/Company/6490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Next Yachting (Company)">Next Yachting</a>. <img src="https://photo-assets.superyachttimes.com/photo/250766/image/large-dbecdc47b2acee688788f4faabbb5874.jpg" data-gid="gid://syiq/Photo/250766">The custom-built sloop <a data-gid="gid://syiq/Yacht/243" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Pure 241.0m (134'6&quot;)Concorde Yachts1992">Ocean Pure 2</a> was delivered in 1992 from Thailand and combines all the luxurious amenities of a superyacht with the joy of sailing. She features exterior design and naval architecture by <a data-gid="gid://syiq/Company/152" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Farr Yacht Design (Company)">Farr Yacht Design</a>, with interior design from <a data-gid="gid://syiq/Company/443" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derek Frost & Associates (Company)">Derek Frost &amp; Associates</a>. <img src="https://photo-assets.superyachttimes.com/photo/232905/image/large-a07b64b45f121239387100558bd73544.jpg" data-gid="gid://syiq/Photo/232905"><img src="https://photo-assets.superyachttimes.com/photo/245563/image/large-5c3031d37f0ee3275438677dc915d11d.jpg" data-gid="gid://syiq/Photo/245563"><a data-gid="gid://syiq/Yacht/243" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Pure 241.0m (134'6&quot;)Concorde Yachts1992">Ocean Pure 2</a> underwent a multi-million euro refit in 2019 and now features a modern and refined interior adorned with leather, stone, and linen and accented with teak and stainless steel. She boasts three saloons and two dining areas, providing her guests with an abundance of spaces for socialising and entertaining.Read:&nbsp;<a data-gid="gid://syiq/Article/56180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Redefining passion: The evolution of the 41m sailing yacht Ocean Pure 2 (2022-10-19 14:00:00 +0200)">Redefining passion: The evolution of the 41m sailing yacht Ocean Pure 2<img src="https://photo-assets.superyachttimes.com/photo/232907/image/large-fe8bd0eb0ac6620eee691185d6907c09.jpg" data-gid="gid://syiq/Photo/232907"><img src="https://photo-assets.superyachttimes.com/photo/232909/image/large-a26184c24659db1f077e83bb60eb2967.jpg" data-gid="gid://syiq/Photo/232909"><img src="https://photo-assets.superyachttimes.com/photo/216788/image/large-37450b0eb6c2f71c68d6171d4470c534.jpg" data-gid="gid://syiq/Photo/216788"></a><a data-gid="gid://syiq/Yacht/243" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Pure 241.0m (134'6&quot;)Concorde Yachts1992">Ocean Pure 2</a> can comfortably sleep up to 11 guests across five staterooms, including a master suite with a walk-in wardrobe, a VIP stateroom, two double guest staterooms, and a guest convertible twin stateroom with a double and a single bed.<img src="https://photo-assets.superyachttimes.com/photo/245568/image/large-198afdb45acff1d01433e3376b97ca6e.jpg" data-gid="gid://syiq/Photo/245568"><img src="https://photo-assets.superyachttimes.com/photo/250808/image/large-984cbc1fdeed4d381794e0cf8fe259e4.jpeg" data-gid="gid://syiq/Photo/250808"><img src="https://photo-assets.superyachttimes.com/photo/232912/image/large-fe0ee63be87e6091eade7b8d8c464ee0.jpg" data-gid="gid://syiq/Photo/232912">In terms of performance, <a data-gid="gid://syiq/Yacht/243" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Pure 241.0m (134'6&quot;)Concorde Yachts1992">Ocean Pure 2</a> is equipped with a single <a data-gid="gid://syiq/Company/1633" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lugger (Company)">Lugger</a> engine, providing her with a top speed of 12.5 knots and a cruising speed of 10 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/243" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Pure 241.0m (134'6&quot;)Concorde Yachts1992">Ocean Pure 2</a> had a last known asking price of €4,400,000.<img src="https://photo-assets.superyachttimes.com/photo/250765/image/large-ffb5107d2750250b5cf6336f829abd26.jpg" data-gid="gid://syiq/Photo/250765">

41m Concorde yacht Ocean Pure 2 sold

The Concorde sailing yacht Ocean Pure 2 sold with a last known asking price of €4,400,000.

41m Concorde sailing yacht Ocean Pure 2 sold

Delivered in 1904, the 34.1-metre Camper &amp; Nicholsons sailing yacht <a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> has entered the market. The <a href="https://www.superyachttimes.com/yachts/merrymaid/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Merrymaid, for sale</a>, boasts an impressive history dating back over a century and has been refitted over the years, leaving her in perfect condition for her new owner.<img src="https://photo-assets.superyachttimes.com/photo/272093/image/large-3421ba6530b5040acfc8b808eb4d1164.png" data-gid="gid://syiq/Photo/272093"><a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> was built as Yard No. 167 at the Camper &amp; Nicholsons Shipyard in Gosport, United Kingdom for Mr. T.A. Hardcastle. Constructed from carvel-planked teak on oak frames, with a teak superstructure and decks, the <a href="https://www.superyachttimes.com/yachts/sailing/for-sale" rel="noopener noreferrer" target="_blank" title="">sailing yacht for sale</a> amazed yachtsmen with her combination of speed and comfort.<img src="https://photo-assets.superyachttimes.com/photo/82521/image/large-6b69b48e814853874c4d41eabfae8883.jpeg" data-gid="gid://syiq/Photo/82521">After many years of racing, <a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> received an engine and was re-rigged as a ketch in 1911 to be used for cruising. The <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> was laid up in Norway for the latter part of the First World War, and was subsequently acquired by Mrs. Elizabeth Workman.<img src="https://photo-assets.superyachttimes.com/photo/272099/image/large-03ba9d592e8d48c7f6cb46e233d4f82b.png" data-gid="gid://syiq/Photo/272099">Mrs Workman restored her original rigging system and campaigned her in the Big Class where <a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> raced against yachts such as Britannia and the 46.3-metre <a data-gid="gid://syiq/Yacht/1616" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lulworth46.3m (151'11&quot;)White Brothers1920">Lulworth</a>. During this time, her owner, alongside Charles E. Nicholson, worked on improving <a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a>’s already impressive performance abilities.<img src="https://photo-assets.superyachttimes.com/photo/272095/image/large-d6678ff1278a23a914cbaf44e386d84c.png" data-gid="gid://syiq/Photo/272095"><a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> was sold in 1929 to Sir Thomas Royden, chairman of Cunard, who raced and cruised her until the outbreak of the Second World War. Following this, the <a href="https://www.superyachttimes.com/yachts/camper-nicholsons-shipyard/for-sale" rel="noopener noreferrer" target="_blank" title="">Camper &amp; Nicholson yacht for sale</a> was sold again in 1943, where her lead keel and rig were removed.<img src="https://photo-assets.superyachttimes.com/photo/272100/image/large-67513098951d3aeabcce6e8455af007c.png" data-gid="gid://syiq/Photo/272100"><a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> was laid up in Tollesbury, Essex for many years before she changed hands twice more. She was then acquired by a family who kept her as a second home, before she was towed to Heybridge Basin, Essex in 1994 awaiting restoration.<img src="https://photo-assets.superyachttimes.com/photo/272096/image/large-bb7b90f528b91734aa69876aaddb4835.png" data-gid="gid://syiq/Photo/272096">The owner of <a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> conducted a complete rebuild by Southampton Yacht Service while keeping her original elements and interior style. Following this refit from 2006-2008, <a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> departed for a three-year voyage, before returning for a complete cosmetic and technical upgrade with Southampton Yacht Service.<img src="https://photo-assets.superyachttimes.com/photo/272097/image/large-4801c9bd95c7ac83b1cb3ec83490e5b5.png" data-gid="gid://syiq/Photo/272097"><a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> welcomes guests onboard with a sumptuous saloon area, complete with classic Chesterfield style sofas and a gas fireplace. The saloon benefits from a large skylight, which illuminates her bespoke coffee table, which can easily be raised to become a dining table.<img src="https://photo-assets.superyachttimes.com/photo/272098/image/large-2fb3e14a3ccaa8643a8ada82e9727455.png" data-gid="gid://syiq/Photo/272098">&nbsp;The pedigree yacht features accommodation for up to six guests across a three stateroom configuration. The master stateroom onboard <a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> is situated aft, while her remaining two staterooms are located port and starboard. <a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> is also able to sleep a crew of six.<img src="https://photo-assets.superyachttimes.com/photo/272094/image/large-331d99620f31177d4bebb0a376d09603.png" data-gid="gid://syiq/Photo/272094">The sailing gaff cutter yacht features a Martins Rigging and Contender Dacron sails spanning over 953 square-metres. Performance-wise, <a data-gid="gid://syiq/Yacht/5041" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Merrymaid34.1m (111'11&quot;)Camper & Nicholsons Shipyard1904">Merrymaid</a> is equipped with a single 265 horsepower Perkins Sabre engine which provides her with a top speed of 12 knots and a cruising speed of eight knots.&nbsp;

34m C&N sailing yacht Merrymaid for sale

Delivered in 1904, the 34m Camper & Nicholsons sailing yacht Merrymaid for sale boasts an impressive history dating back over a century.

34m classic Camper & Nicholsons sailing yacht Merrymaid for sale

The 33-metre <a href="https://www.superyachttimes.com/companies/custom-line" target="_blank">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/11791" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Renewal 333.0m (108'3&quot;)Custom Line2022">Renewal 3</a> is for sale. The <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> was launched in 2022 as part of the new Navetta 33 series. She features an exterior design from the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>'s Product Committee, while the in-house atelier designed her interiors in collaboration with the yacht's first owner. <img src="https://photo-assets.superyachttimes.com/photo/241207/image/large-cce8d27b6259bfd51d5419d936ecb654.jpg" data-gid="gid://syiq/Photo/241207">The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features a four deck arrangement and her interiors feature contrasting woods, with grey and white wooden walls and furnishings and dark brown wood for the parquet flooring. Arabescato Carrara marble is also used throughout, lending the interiors an elegant touch.<img src="https://photo-assets.superyachttimes.com/photo/242962/image/large-9a5737fca9b4eab448cade8141037142.jpg" data-gid="gid://syiq/Photo/242962">The <a href="https://www.superyachttimes.com/yachts/custom-line/for-sale" rel="noopener noreferrer" target="_blank" title="">Custom Line yacht for sale</a> can accommodate as many as 11 guests between five staterooms. A full beam master is located on the main deck and on the lower deck there are three doubles and one twin with pullman.<img src="https://photo-assets.superyachttimes.com/photo/242959/image/large-4bc8217eced16efbc9c4303d7985a7ff.jpg" data-gid="gid://syiq/Photo/242959"><img src="https://photo-assets.superyachttimes.com/photo/242961/image/large-2904607cf6eff559f4935179ed0e947e.jpg" data-gid="gid://syiq/Photo/242961">The model was designed by the team at <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a> and she features characteristically large windows throughout the main deck. She also features impressive external areas include a large, partially covered sun deck, main and bridge aft decks, extensive foredeck seating and sunpad plus a balcony off the main saloon.<img src="https://photo-assets.superyachttimes.com/photo/242960/image/large-581813cfa36a841a4f10432e3188fc62.jpg" data-gid="gid://syiq/Photo/242960">Her semi-displacement GRP hull, bulbous bow, electro-hydraulic stabilising fins with zero-speed function and the <a data-gid="gid://syiq/Company/2383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seakeeper, Inc. (Company)">Seakeeper</a> gyroscopic stabilisers assure best-in-class stability and seaworthiness, with a maximum speed of 16 knots and range of approximately 1,200 nautical miles.<img src="https://photo-assets.superyachttimes.com/photo/224859/image/large-89bfc7f9c3991fb8295461a2660244a8.jpg" data-gid="gid://syiq/Photo/224859">

Custom Line yacht Renewal 3 for sal

The 33m Custom Line motor yacht Renewal 3 is for sale. The yacht was launched in 2022.

Custom Line 33m motor yacht Renewal 3 for sale

Step onboard the impressive 26.95-metre <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> motor yacht <a data-gid="gid://syiq/Yacht/12222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beso26.95m (88'5&quot;)Ferretti Yachts2022">Beso</a>, where timeless luxury seamlessly harmonises with artisanal craftsmanship. The sleek vessel, delivered by renowned Italian shipyard <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a> in 2022, captivates with its exquisite marble-adorned decor and an array of leisurely amenities, such as a modern flydeck featuring a Jacuzzi.<img src="https://photo-assets.superyachttimes.com/photo/260387/image/large-899db649abe9e5614c65118453ba61a4.jpg" data-gid="gid://syiq/Photo/260387">The esteemed <a data-gid="gid://syiq/Company/5547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Filippo Salvetti (Company)">Filippo Salvetti</a> designed <a data-gid="gid://syiq/Yacht/12222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beso26.95m (88'5&quot;)Ferretti Yachts2022">Beso's</a> exterior. Every inch of <a data-gid="gid://syiq/Yacht/12222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beso26.95m (88'5&quot;)Ferretti Yachts2022">Beso</a> has been thoughtfully curated to provide an unrivalled sense of refinement and comfort, from the marble-speckled bar nook, to the curved metallic and wooden detailing. The yacht's remarkable presence is further elevated by the contemporary interior design, meticulously crafted by <a data-gid="gid://syiq/Company/5853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ideaeITALIA (Company)">ideaeITALIA</a>.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/260393/image/large-35a9c7acba5b9ed6eac10fd36999f804.jpg" data-gid="gid://syiq/Photo/260393"><img src="https://photo-assets.superyachttimes.com/photo/260403/image/large-5120f3e500009a3226e1494636a04729.jpg" data-gid="gid://syiq/Photo/260403">Inside, the main saloon is airy and showcases a modern linen seating arrangement, including bespoke armchairs and a marble coffee table mirroring the round marble dining table, which can host all guests onboard. Sweeping white curtains reflect the relaxing atmosphere onboard and complement the marble accents adorning the splashback of the two-seat butlers bar, creating a versatile space for formal fine dining and more casual occasions, such as an after-supper drink. <img src="https://photo-assets.superyachttimes.com/photo/260404/image/large-4057b9ce93ef79e8238efc7361313592.jpg" data-gid="gid://syiq/Photo/260404">With a volume of 100 GT, <a data-gid="gid://syiq/Yacht/12222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beso26.95m (88'5&quot;)Ferretti Yachts2022">Beso</a> can comfortably accommodate up to eight guests across a full-beam master suite, boasting a vanity/study area, reading nook, an ensuite bathroom with his-and-hers bathroom, and strategic ambient lighting. <iframe width="640" height="360" src="https://www.youtube.com/embed/crV7T5htAfM?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> Additionally, two VIP staterooms and a further twin guest suite, all elegantly furnished and equipped with ensuite facilities, provide a haven of tranquillity for guests to retreat to. Each bedroom showcases warming hues in the form of underlighting and wooden panelling. Details such as seamless metallic outlines and textured wallpaper are both functional and yet accentuate the timeless stylistic fashion adopted by<a data-gid="gid://syiq/Company/5853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ideaeITALIA (Company)">&nbsp;ideaeITALIA</a>. <img src="https://photo-assets.superyachttimes.com/photo/260401/image/large-40cf8e9c2015d2c1d9f54d6dc84cd523.jpg" data-gid="gid://syiq/Photo/260401"><img src="https://photo-assets.superyachttimes.com/photo/260394/image/large-e59785f3bc1cfdc157db7710a17c95ae.jpg" data-gid="gid://syiq/Photo/260394">Not only does <a data-gid="gid://syiq/Yacht/12222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beso26.95m (88'5&quot;)Ferretti Yachts2022">Beso</a> cater to the comfort of her guests, but she also ensures a seamless experience for the dedicated crew members onboard. The yacht's crew quarters feature two separate cabins with ensuite heads, allowing the crew to attend to the guests' every need while maintaining their privacy and comfort. <img src="https://photo-assets.superyachttimes.com/photo/260397/image/large-107eda1343f986886d0b7ab2c459ef73.jpg" data-gid="gid://syiq/Photo/260397"><img src="https://photo-assets.superyachttimes.com/photo/260388/image/large-40ac8bdbe4e7b9d3f246de19a63f2d93.jpg" data-gid="gid://syiq/Photo/260388">One of the highlights of <a data-gid="gid://syiq/Yacht/12222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beso26.95m (88'5&quot;)Ferretti Yachts2022">Beso</a> is her expansive flydeck, which serves as a hub for outdoor entertainment. Here, guests can bask in the sun-drenched surroundings upon the beige linen seating pads, while immersing themselves in the expansive Jacuzzi. Whether unwinding with a refreshing drink, or savouring a sumptuous meal alfresco style, the flydeck of <a data-gid="gid://syiq/Yacht/12222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beso26.95m (88'5&quot;)Ferretti Yachts2022">Beso</a> provides an idyllic setting for unforgettable moments with family and friends.<img src="https://photo-assets.superyachttimes.com/photo/260400/image/large-d242bff3dbc005b58c11f8f33e0b4236.jpg" data-gid="gid://syiq/Photo/260400"><img src="https://photo-assets.superyachttimes.com/photo/260395/image/large-2d771cc7bce056c2001fb28e80a36384.jpg" data-gid="gid://syiq/Photo/260395"><img src="https://photo-assets.superyachttimes.com/photo/260399/image/large-6c59f0626a0e004329a4846f8087a9a4.jpg" data-gid="gid://syiq/Photo/260399">Performance-wise, she is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, delivering a cruising speed of 27 knots and a top speed of 32 knots. With a fuel capacity of 7,000 litres and a water capacity of 1,400 litres, <a data-gid="gid://syiq/Yacht/12222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beso26.95m (88'5&quot;)Ferretti Yachts2022">Beso</a> ensures ample range and self-sufficiency for extended voyages, allowing her guests to explore new horizons in unparalleled luxury.

Ferretti yacht Beso onboard

Onboard the 26.95-metre Ferretti yacht Beso, a timeless luxury is showcased throughout, including a marble-adorned decor and flydeck jacuzzi. 

Timeless luxury onboard 27m Ferretti yacht Beso adorned in marble

The 63.77-metre <a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a> superyacht <a data-gid="gid://syiq/Yacht/265" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash63.77m (209'3&quot;)Codecasa S.p.A.1990">Bash</a> has completed a major refit after a fire incident on the bridge deck severely damaged the superyacht. <a data-gid="gid://syiq/Yacht/265" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash63.77m (209'3&quot;)Codecasa S.p.A.1990">Bash</a>, previously named Jonikal and Sokar&nbsp;became internationally recognisable after images were published of Princess Diana sitting on her passerelle in August 1997. <img src="https://photo-assets.superyachttimes.com/photo/212693/image/large-f383cb60713425615bbb43cd992d5199.jpg" data-gid="gid://syiq/Photo/212693">The refit has restored the superyacht to her former glory, with the refit conducted at <a data-gid="gid://syiq/Company/5572" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adria Docks d.o.o. (Company)">Adria Docks Shipyard</a> in Trogir, Croatia. The refit began when the yacht was towed to the shipyard from Rijeka in 2021 and has been managed by the marine engineering and management company <a data-gid="gid://syiq/Company/7165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Capax (Company)">Capax</a>. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/272091/image/large-3f08fb01d7c5781dfe184085faf64526.jpg" data-gid="gid://syiq/Photo/272091">Slovenian interior design firm <a data-gid="gid://syiq/Company/7166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bobic (Company)">Bobic Yacht Interiors</a> were hired for the design, production and installation of the yacht's new interior layout, while <a data-gid="gid://syiq/Company/7165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Capax (Company)">Capax</a>managed the installation of an entirely new bridge system.Read:&nbsp;<a data-gid="gid://syiq/Article/54188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A yacht fit for royalty: Owner Basim Haidar on his 64m Codecasa superyacht Bash (2021-12-27 11:45:00 +0100)">A yacht fit for royalty: Owner Basim Haidar on his 64m Codecasa superyacht Bash</a><img src="https://photo-assets.superyachttimes.com/photo/272113/image/large-bceb69696e72de52dc390735ca81d101.jpg" data-gid="gid://syiq/Photo/272113">Prior to the refit, the yacht was extensively stripped, leading to the installation of entirely new penetrations of the bulkheads and bridge deck, and a new aluminium bulkhead on the wheelhouse to maintain the integrity of the fire divisions with current ABS rules. The yacht was extensively rewired and re-plumbed, demanding the disassembly of the yacht's interiors. The team also fitted new air conditioning and an integrated AV/IT onboard system.<img src="https://photo-assets.superyachttimes.com/photo/272107/image/large-8abe069456aa0b05402fd23d80a95543.jpg" data-gid="gid://syiq/Photo/272107"><img src="https://photo-assets.superyachttimes.com/photo/272109/image/large-843b2afa9450e797670580b28f33e4f7.jpg" data-gid="gid://syiq/Photo/272109">Teo Petricevic, CEO of <a data-gid="gid://syiq/Company/7165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Capax (Company)">Capax</a>, added, "The bridge deck and sun deck areas are painted in white and light grey AWL Grip. Other parts of the yacht were also considerably improved such as installation of integrated Wärtsilä Navigation and Control System, Böning monitoring system fitting, the Techno leader power management system, NAVIS steering system with DP and Autopilot, upgrade of existing SKF stabilisers with ZeroSpeed, <a data-gid="gid://syiq/Company/3829" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TILSE Yacht Glazing (Company)">Tilse</a> windows, new deck jacuzzi equipment, and the Minimax sprinkler system.” <img src="https://photo-assets.superyachttimes.com/photo/272115/image/large-b1a1956c5042353393f216e3c17d8c5d.jpg" data-gid="gid://syiq/Photo/272115"><img src="https://photo-assets.superyachttimes.com/photo/272114/image/large-368034a614876cd0ef668c77e1789ead.jpg" data-gid="gid://syiq/Photo/272114">The entire refit was concluded this month, and the yacht is now being offered for charter. Petricevic added, “Getting to this point took a lot of hard work and required a lot of skill, but it was worth the effort. Our warmest thanks go to all those who contributed to the refit of the motor yacht <a data-gid="gid://syiq/Yacht/265" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash63.77m (209'3&quot;)Codecasa S.p.A.1990">Bash</a>.” <img src="https://photo-assets.superyachttimes.com/photo/272102/image/large-7aec6996b799dd8064391cd3cfd7a042.jpg" data-gid="gid://syiq/Photo/272102"><img src="https://photo-assets.superyachttimes.com/photo/272103/image/large-1edd1ee5e81e07822d9c2f3ebb46219f.jpg" data-gid="gid://syiq/Photo/272103">Launched in 1990, <a data-gid="gid://syiq/Yacht/265" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bash63.77m (209'3&quot;)Codecasa S.p.A.1990">Bash</a> was originally designed by naval architect Vincenzo Ruggiero and the Codecasa in-house team, and later interiors came from the boards of <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2 Yacht Design</a>. She features a spacious interior, able to accommodate as many as 12 guests in six staterooms, with a main deck master suite with a walk-in wardrobe, a private lounge, and office.<img src="https://photo-assets.superyachttimes.com/photo/272106/image/large-5a76a5f8b8e6c445d80b11909753d147.jpg" data-gid="gid://syiq/Photo/272106"><img src="https://photo-assets.superyachttimes.com/photo/272104/image/large-e8159e04cc70695c38d88ab21087863d.jpg" data-gid="gid://syiq/Photo/272104">The additional staterooms are located on the lower deck, all featuring ensuite bathrooms. Top features of her interior are her spacious main saloon with a dining room, a bar, a hair dress room with a massage area, and gym area. Her decks feature two al fresco dining areas on both the bridge deck and the sun deck, various lounge seating areas, a jacuzzi, and a swim platform to her stern.<img src="https://photo-assets.superyachttimes.com/photo/272101/image/large-1301d790bfd5e845dde1514efe9fea43.jpg" data-gid="gid://syiq/Photo/272101">Performance-wise, Bash is built with a steel hull and aluminium superstructure and powered by Wärtsilä Nohab 12V25 engines giving her top speeds of 20 knots and a cruising speed of 13 knots. She has a range of 6,900 nautical miles at 11 knots.<img src="https://photo-assets.superyachttimes.com/photo/272092/image/large-2db3743978e2caddc00bb909f1e49778.jpg" data-gid="gid://syiq/Photo/272092"><a href="https://www.superyachttimes.com/yacht-news/owner-insight-basim-haidar-of-the-64m-superyacht-bash" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times interviewed her owner Bassim Haidar back in 2021</a>. &nbsp;

64m Codecasa superyacht Bash refit

The 64m Codecasa superyacht Bash has completed a major refit by Capax.

Famous 64m Princess Diana superyacht Bash completes major refit 

A new order 28.65-metre <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon</a> E88 Sport yacht sold at the <a data-gid="gid://syiq/Event/174" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanctuary Cove International Boat Show - 2023">2023 Sanctuary Cove International Boat Show (SCIBS)</a> in Australia. The motor yacht will be the fifth <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon</a> and fourth new-build for the experienced owner, whose most recent yacht is the <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon</a> E75.<img src="https://photo-assets.superyachttimes.com/photo/272087/image/large-f96767df7c75e3aa4edfbce918db5f3f.jpg" data-gid="gid://syiq/Photo/272087">The <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon</a> E88 Sport yacht features exterior design by <a data-gid="gid://syiq/Company/43" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cor D. Rover Design (Company)">Cor D. Rover Design</a>, with interior design and naval architecture by her builder <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon Yachts</a>. The yacht features a single level design that can be operated by her owner and a unique pilothouse helm station.<img src="https://photo-assets.superyachttimes.com/photo/272088/image/large-743c4d4b6b9c9767dcb968572ff48525.jpg" data-gid="gid://syiq/Photo/272088">The <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon</a> E88 Sport yacht is able to sleep up to eight guests across a four stateroom layout consisting of two doubles and two twins. This model will also feature a tender garage and the capacity to carry up to 12,000 litres of fuel.

29m Horizon E88 Sport yacht sold

A new order has been placed for a 29m Horizon E88 Sport yacht sold during the 2023 Sanctuary Cove International Boat Show. 

New 29m Horizon E88 Sport yacht sold at SCIBS 2023

The 42.98-metre <a data-gid="gid://syiq/Company/84" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri Navali Nicolini Srl (Company)">Cantieri Navali Nicolini</a> yacht <a data-gid="gid://syiq/Yacht/1044" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CD Two42.98m (141'0&quot;)Cantieri Navali Nicolini Srl1993">CD Two</a> sold in an in-house deal at <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> with Edouard Vignal introducing the buyer and Lukas Stratmann representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/202659/image/large-ee99d379f4e5e69b5e70b4e753ff78bc.jpg" data-gid="gid://syiq/Photo/202659">Previously named Independent Of London, the motor yacht was delivered in 1993 from Italy. <a data-gid="gid://syiq/Yacht/1044" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CD Two42.98m (141'0&quot;)Cantieri Navali Nicolini Srl1993">CD Two</a> features interior and exterior design from <a data-gid="gid://syiq/Company/85" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Claudio Zampetti (Company)">Claudio Zampetti</a>, with naval architecture from her builder <a data-gid="gid://syiq/Company/84" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantieri Navali Nicolini Srl (Company)">Cantieri Navali Nicolini</a>.<img src="https://photo-assets.superyachttimes.com/photo/202655/image/large-881a5aabb0184156f43d0a8940815797.jpg" data-gid="gid://syiq/Photo/202655"><img src="https://photo-assets.superyachttimes.com/photo/202657/image/large-0cd7e7566cdb3c3c81123aed22b6964e.jpg" data-gid="gid://syiq/Photo/202657"><a data-gid="gid://syiq/Yacht/1044" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CD Two42.98m (141'0&quot;)Cantieri Navali Nicolini Srl1993"><img src="https://photo-assets.superyachttimes.com/photo/202654/image/large-e4c276820c0ca95bf57d77a96722a98e.jpg" data-gid="gid://syiq/Photo/202654">CD Two</a> can comfortably sleep up to 13 guests across seven staterooms consisting of a master suite, three doubles and three twin staterooms. <a data-gid="gid://syiq/Yacht/1044" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CD Two42.98m (141'0&quot;)Cantieri Navali Nicolini Srl1993">CD Two</a> also has accommodation for a crew of 13 across seven cabins.<img src="https://photo-assets.superyachttimes.com/photo/202649/image/large-d93070904046f60518a081d02d3d03cf.jpg" data-gid="gid://syiq/Photo/202649"><img src="https://photo-assets.superyachttimes.com/photo/202651/image/large-24ede4a9911b70f9938e7e2918bd78e0.jpg" data-gid="gid://syiq/Photo/202651"><img src="https://photo-assets.superyachttimes.com/photo/202647/image/large-2e9cda744b8163b47f592db14bbc7e99.jpg" data-gid="gid://syiq/Photo/202647"><a data-gid="gid://syiq/Yacht/1044" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CD Two42.98m (141'0&quot;)Cantieri Navali Nicolini Srl1993">CD Two</a> has an abundance of entertaining spaces, with a Jacuzzi on her flybridge and a number of alfresco lounging and dining areas. She is equipped with twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, powering her to a cruising speed of 14.5 knots and a top speed of 17 knots.<img src="https://photo-assets.superyachttimes.com/photo/202660/image/large-5fbd4b4499cb617e0aa28749bc448506.jpg" data-gid="gid://syiq/Photo/202660">At the time of her sale, <a data-gid="gid://syiq/Yacht/1044" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CD Two42.98m (141'0&quot;)Cantieri Navali Nicolini Srl1993">CD Two</a> had a last known asking price of €2,950,000.

43m CNN motor yacht CD Two sold

Delivered in 1993, the Cantieri Navali Nicolini yacht CD Two sold in-house with Ocean Independence. She had a last known asking price of €2,950,000.