Luxury Yacht Lending sales up by more than one hundred percent; Completes fifty million dollar yacht financing package The Luxury Yacht Lending (LYL) division of Key Recreation Lending (KRL), a unit of Cleveland-based KeyBank NA, achieved loan volume growth in excess of 100 percent for the first half of 2007 compared to the same period in 2006. This sales volume does not include a recently completed $50 million yacht financing package, which is the largest single yacht loan in the over fifty-year history of KeyBank’s marine lending program. “The sales results from our Luxury Yacht Lending division for the first half of 2007 demonstrate that the high end of the boating market continues to be active, even during an overall down year for the marine industry,” said Grant Skeens, president and CEO of KRL. “Our completion of a $50 million transaction is a milestone for Key Recreation Lending and we are excited about our growth in this specialized area of yacht financing,” reported John Relyea, senior vice president and director of the division that includes the Luxury Yacht Lending organization. Jim Velez, manager of KRL’s Luxury Yacht Lending, led a team of yacht financing specialists involved in the transaction. “Our combined experience and the exceptional scope of our custom yacht finance products and services allow us to meet the financial needs of buyers of yachts from 60 feet to 60 meters and beyond,” he said. <noscript></noscript>

KeyBank announces record yacht loan volume for first half of 2007 

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

<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> accelerates production at their recently acquired Italian shipyard in Fano, unveiling some exciting launches scheduled for 2023.<img src="https://photo-assets.superyachttimes.com/photo/272072/image/large-a523009d5e4410b82d6f096630877896.jpg" data-gid="gid://syiq/Photo/272072"><a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a>, the pioneering force behind solar-powered luxury catamarans, is ramping up production, and with a series of new launches on the horizon, the company is set to reinforce its position as a leader in sustainable yachting.<img src="https://photo-assets.superyachttimes.com/photo/272070/image/large-d27c5645611fdc0dca72f9e29a1d8590.jpg" data-gid="gid://syiq/Photo/272070"><img src="https://photo-assets.superyachttimes.com/photo/272074/image/large-43a2af9428af58e7cfe441c8a3d0d899.jpg" data-gid="gid://syiq/Photo/272074">Following the strategic acquisition of its Italian shipyard in Fano last summer, <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> is optimising its production process and expanding its skilled workforce to meet the surging demand for its innovative yachts.<img src="https://photo-assets.superyachttimes.com/photo/272073/image/large-24006fc05a66cc70a1503bb3347dfa35.jpeg" data-gid="gid://syiq/Photo/272073"><img src="https://photo-assets.superyachttimes.com/photo/272075/image/large-19cee189e358f2605623c51bdccd005b.jpg" data-gid="gid://syiq/Photo/272075">This strategic move has allowed <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> to ensure the highest standards of design, engineering, interior outfitting, and Italian craftsmanship for its discerning clientele. Leveraging a well-established network of local subcontractors and key suppliers, the shipyard is perfectly positioned to deliver excellence.<img src="https://photo-assets.superyachttimes.com/photo/272071/image/large-0b7a21922b5571fd712ec6ae0a512dfe.jpg" data-gid="gid://syiq/Photo/272071">Spanning an impressive 22,000-square-metres of covered space, the shipyard's focus is primarily on the production of the Silent 60 series, a line of solar-powered, full-electric catamarans. Additionally, the Silent 80 series, the Silent 120, and a select number of Silent 60 series yachts are being crafted in Turkey."The GRP hulls and superstructures are meticulously produced and assembled in one dedicated area before being transferred to another for the installation of technical equipment and interior furnishings. Adjacent to the outfitting shed, we have a spacious warehouse for efficient component and material storage. Since assuming full ownership of the facility, our primary focus has been establishing a reliable and efficient series production process," states founder and CEO Michael Köhler.<iframe width="640" height="360" src="https://www.youtube.com/embed/pUeXVKaImSs?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe>With the next delivery scheduled for June, enthusiasts can anticipate the unveiling of the unique two-deck version of the Silent 62. This exceptional bespoke project boasts two dedicated conference rooms, two guest suites, and accommodations for the crew. The owner, based in the United States, intends to make the yacht available for charter to corporate clients.<img src="https://photo-assets.superyachttimes.com/photo/272078/image/large-bf3511c97c252abcfdc5d7b13d92f47b.png" data-gid="gid://syiq/Photo/272078"> <img src="https://photo-assets.superyachttimes.com/photo/272081/image/large-a5093e227101c51503d63bb382b4abf7.png" data-gid="gid://syiq/Photo/272081"> A series of other exciting launches are slated to grace the shores from the Italian shipyard later this year. Notably, the highly anticipated Silent 62 3-deck (hull #4) is set to make its debut in late summer. Drawing inspiration from the hugely popular Silent 60, this version of the Silent 62 offers an additional deck in lieu of the regular flybridge, resulting in an overall hull length extended by two feet.<img src="https://photo-assets.superyachttimes.com/photo/272077/image/large-382f71ee02ac2bed67f956393406a800.png" data-gid="gid://syiq/Photo/272077">Italy remains a key hub for <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a>, with over 15 Silent 60 yachts assigned for construction in Fano, and the next available delivery is expected in early 2025. However, market trends indicate a growing preference for the slightly larger 3-deck version among clients, showcasing the company's commitment to meet evolving customer needs.<img src="https://photo-assets.superyachttimes.com/photo/272076/image/large-a2183e20b412a5a44a9599970aad0ae3.png" data-gid="gid://syiq/Photo/272076"><img src="https://photo-assets.superyachttimes.com/photo/272079/image/large-a7bd6bfb18addfa8a6d7efb14e17ac45.png" data-gid="gid://syiq/Photo/272079">Looking ahead, <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> aims to achieve an ambitious milestone in 2024, launching one new unit per month. Additionally, the production of the fully electric Silent Tender series will be centralised in Fano. The initial prototype tender, unveiled at the 2022 Cannes Yachting Festival, featured an electric outboard motor. The range now boasts three models - the Silent Tender 400, 450, and 520 - all available with electric jet propulsion. SuperYacht Times will follow the company's expansion and launches with updates.&nbsp;

Silent Yachts unveils new production line at Italian shipyard

Silent Yachts accelerates production at their recently acquired Italian shipyard, unveiling some exciting launches.



Silent Yachts unveils new production line at Italian shipyard in Fano

The classic 46.33-metre <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> sailing yacht <a data-gid="gid://syiq/Yacht/1926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antara46.3m (151'11&quot;)Perini Navi1991">Antara</a> has entered the market. The <a href="https://www.superyachttimes.com/yachts/antara/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Antara, for sale</a> is a proven regatta yacht, previously racing in the Perini Navi Cup, the Superyacht Cup and St Barth’s Bucket Regatta.<img src="https://photo-assets.superyachttimes.com/photo/188582/image/large-12141eeab2bdaca2c316ce356de67fdb.jpg" data-gid="gid://syiq/Photo/188582">Delivered in 1991 from Italy, <a data-gid="gid://syiq/Yacht/1926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antara46.3m (151'11&quot;)Perini Navi1991">Antara</a> was one of the first yachts that helped propel the success of the <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> shipyard. The <a href="https://www.superyachttimes.com/yachts/sailing/for-sale" rel="noopener noreferrer" target="_blank" title="">sailing yacht for sale</a> has benefitted from a continuous programme of maintenance and upgrades over the years, with several major refits in the past five years. <img src="https://photo-assets.superyachttimes.com/photo/272013/image/large-647df7cf3a06bcd42a57f39d57d8371c.png" data-gid="gid://syiq/Photo/272013"><img src="https://photo-assets.superyachttimes.com/photo/188572/image/large-95c23fcd519fc25a088e0b0daee816c0.jpg" data-gid="gid://syiq/Photo/188572"><a data-gid="gid://syiq/Yacht/1926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antara46.3m (151'11&quot;)Perini Navi1991">Antara</a> joins the market in superb condition, with an interior and exterior design penned by her builder <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a>. The <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> features a traditional yet highly functional raised pilothouse and a unique interior layout.<img src="https://photo-assets.superyachttimes.com/photo/272017/image/large-dcac4379ec9c157ad6bf615fe07d1201.png" data-gid="gid://syiq/Photo/272017">The main saloon of <a data-gid="gid://syiq/Yacht/1926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antara46.3m (151'11&quot;)Perini Navi1991">Antara</a> provides the opportunity for relaxation and entertainment with a separate dining room with a bar. Her timeless cockpit includes a sit-up bar, lounge area and dining table with a semi-circular sofa.<img src="https://photo-assets.superyachttimes.com/photo/188570/image/large-10840da4d61b6215344cb4cb75e7dedf.jpg" data-gid="gid://syiq/Photo/188570"><img src="https://photo-assets.superyachttimes.com/photo/188569/image/large-6d2a1959e4efff22963bf86ba24c3cba.jpeg" data-gid="gid://syiq/Photo/188569"><img src="https://photo-assets.superyachttimes.com/photo/272018/image/large-9ca137b12d361f8ae7d40eafebc884db.png" data-gid="gid://syiq/Photo/272018"><a data-gid="gid://syiq/Yacht/1926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antara46.3m (151'11&quot;)Perini Navi1991">Antara</a> can sleep up to 10 guests across four staterooms, with her owner's suite varnished in satin teak. The full-beam stateroom includes a king-sized bed, his and hers bathrooms, a large office, and a private gym.<img src="https://photo-assets.superyachttimes.com/photo/272022/image/large-7cae65eb4828785263f874840e142fde.png" data-gid="gid://syiq/Photo/272022"><img src="https://photo-assets.superyachttimes.com/photo/272025/image/large-3861ac5e9466d0ab942c4f74a4fcab8b.png" data-gid="gid://syiq/Photo/272025">The remaining guest staterooms onboard the <a href="https://www.superyachttimes.com/yachts/perini-navi/for-sale" rel="noopener noreferrer" target="_blank" title="">Perini Navi yacht for sale</a> consist of a VIP suite with a queen-size bed and Italian Carrera marble ensuite bathrooms, and two twin staterooms, each with an additional Pullman berth.<img src="https://photo-assets.superyachttimes.com/photo/188578/image/large-c0e60d400d51df8ae451c844f8978ba0.jpeg" data-gid="gid://syiq/Photo/188578"><img src="https://photo-assets.superyachttimes.com/photo/188577/image/large-7e53de675b82e52a2b41aad84c824a82.jpg" data-gid="gid://syiq/Photo/188577">One of the most appealing aspects of <a data-gid="gid://syiq/Yacht/1926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antara46.3m (151'11&quot;)Perini Navi1991">Antara</a> is her exterior spaces, which provide guests with plenty of alfresco dining options. For those looking to top up their tans, her Jacuzzi offers panoramic views and is surrounded by sunpads.<img src="https://photo-assets.superyachttimes.com/photo/188575/image/large-545d963606e5758daa2bd5f5745af2c1.jpeg" data-gid="gid://syiq/Photo/188575"><img src="https://photo-assets.superyachttimes.com/photo/272012/image/large-16e279f0f44b8dbef5a1bb9f50c6140c.png" data-gid="gid://syiq/Photo/272012">&nbsp;In terms of propulsion, <a data-gid="gid://syiq/Yacht/1926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antara46.3m (151'11&quot;)Perini Navi1991">Antara</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, which propel her to a top speed of 12.5 knots and a cruising speed of 10 knots.<img src="https://photo-assets.superyachttimes.com/photo/188583/image/large-c4444ba1ed2024380b81f427232d8340.jpeg" data-gid="gid://syiq/Photo/188583">

46m Perini Navi yacht Antara for sale

The 46m Perini Navi sailing yacht Antara for sale is a proven regatta yacht and enters the market in perfect condition.

46m Perini Navi sailing yacht Antara 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/8893" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Happy Hours25.2m (82'8&quot;)Azimut Yachts2016">Happy Hours</a> has sold in an in-house deal at <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison</a>. Broker Andrew Woeck, represented the buyer and &nbsp;Jordan Preusz represented the seller. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/172823/image/large-2a55db742f689a3e990f6641e396d25b.jpg" data-gid="gid://syiq/Photo/172823"><img src="https://photo-assets.superyachttimes.com/photo/250547/image/large-c2ecec892bae486ea2c4546f76d8126a.png" data-gid="gid://syiq/Photo/250547"><img src="https://photo-assets.superyachttimes.com/photo/250546/image/large-4d55a8403111b91f6a3850ea56259c04.png" data-gid="gid://syiq/Photo/250546">The sold yacht was delivered in 2016 by the renowned Italian shipyard, <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>. The exterior design, crafted 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> exudes elegance, while the interior, skillfully curated by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a>, provides a luxurious and comfortable ambience throughout.<img src="https://photo-assets.superyachttimes.com/photo/250554/image/large-bab9836a72d2f462edbab10ab8f3d37b.png" data-gid="gid://syiq/Photo/250554"> <img src="https://photo-assets.superyachttimes.com/photo/172817/image/large-5426f4d3af38e00f039184e7c6608022.jpg" data-gid="gid://syiq/Photo/172817"><img src="https://photo-assets.superyachttimes.com/photo/172819/image/large-d6aadee655c7cbb04e64ec1ec27781aa.jpg" data-gid="gid://syiq/Photo/172819"><img src="https://photo-assets.superyachttimes.com/photo/172818/image/large-cc35f539782669155cef6765fb0569e0.jpg" data-gid="gid://syiq/Photo/172818"><a data-gid="gid://syiq/Yacht/8893" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Happy Hours25.2m (82'8&quot;)Azimut Yachts2016">Happy Hours</a> can accommodate up to 8 guests across four sumptuous guest suites across an interior volume of 102 GT. The yacht can also accomodates 2 dedicated crew members onboard.<img src="https://photo-assets.superyachttimes.com/photo/172820/image/large-6e04c3c41504c60d40cfecb0fa353298.jpg" data-gid="gid://syiq/Photo/172820"><img src="https://photo-assets.superyachttimes.com/photo/172821/image/large-7cabbe2753f4e7228adabcaa53162751.jpg" data-gid="gid://syiq/Photo/172821">Featuring a spacious flybridge, which provides unobstructed views and ample space for outdoor entertainment, <a data-gid="gid://syiq/Yacht/8893" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Happy Hours25.2m (82'8&quot;)Azimut Yachts2016">Happy Hours</a> is designed to enhance the cruising experience and is well-equipped for speedy voyages. The yacht carries 6,000 litres of fuel onboard, and 1,100 litres of water.<img src="https://photo-assets.superyachttimes.com/photo/172822/image/large-5d92f8d7e77fba2b3d6ff2924a442d81.jpg" data-gid="gid://syiq/Photo/172822">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, giving her a cruising speed of 27 knots and a top speed of 32 knots. <img src="https://photo-assets.superyachttimes.com/photo/95177/image/large-c177fb5db09138d3a6d644217c8c9161.jpg" data-gid="gid://syiq/Photo/95177">The sold <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> yacht, <a data-gid="gid://syiq/Yacht/8893" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Happy Hours25.2m (82'8&quot;)Azimut Yachts2016">Happy Hours</a> had a last known asking price of €2,888,827.00.

Azimut yacht Happy Hours sold

The 25.2-metre Azimut motor yacht Happy Hours sold with a last known asking price of €2,888,827.00.

25m Azimut motor yacht Happy Hours sold

The 34.34-metre <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> sailing yacht <a data-gid="gid://syiq/Yacht/1057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Song of the Sea34.34m (112'8&quot;)Nautor Swan2002">Song of the Sea</a> has been sold. The yacht, which joined the market in February 2022, was sold in-house by <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> brokers Jaap Havenga and Joost Goverts. <img src="https://photo-assets.superyachttimes.com/photo/221441/image/large-39d42ea3bb7bb2dfb29e4478a0bd9d16.jpeg" data-gid="gid://syiq/Photo/221441">Built in 2002 <a data-gid="gid://syiq/Yacht/1057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Song of the Sea34.34m (112'8&quot;)Nautor Swan2002">Song of the Sea</a> is the third hull of the Swan 112 series by <a data-gid="gid://syiq/Company/171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Frers (Company)">German Frers</a>, featuring spacious on deck areas with a raised deck saloon offering panoramic views through its wrap-around windows. Her interiors come from the boards of <a href="https://www.superyachttimes.com/companies/rhoades-young-design" target="_blank">Rhoades Young Design</a>, in collaboration with her builder <a href="https://www.superyachttimes.com/companies/nautor-swan" target="_blank">Nautor's Swan</a>.<img src="https://photo-assets.superyachttimes.com/photo/221437/image/large-54c46d77c5cca3854c2412d6c864ff04.jpeg" data-gid="gid://syiq/Photo/221437">Accommodating up to 10 guests, <a data-gid="gid://syiq/Yacht/1057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Song of the Sea34.34m (112'8&quot;)Nautor Swan2002">Song of the Sea</a> offers four comfortable staterooms, each designed in a classic style and maintained in immaculate condition. The full-beam master suite is the epitome of luxury, featuring warm wood paneling, ambient lighting, and a queen-size bed. <img src="https://photo-assets.superyachttimes.com/photo/221442/image/large-7d189435f5b1662b278b73d9238bf31c.jpeg" data-gid="gid://syiq/Photo/221442"><img src="https://photo-assets.superyachttimes.com/photo/217099/image/large-85045712f64870e9554acc9664816ed3.jpg" data-gid="gid://syiq/Photo/217099">The centre cockpit of <a data-gid="gid://syiq/Yacht/1057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Song of the Sea34.34m (112'8&quot;)Nautor Swan2002">Song of the Sea</a> is designed for the ultimate alfresco sailing experience with twin tables and sofas on the aft deck. A semi-permanent Bimini top with fully enclosed side screens provides protection and comfort. <img src="https://photo-assets.superyachttimes.com/photo/217095/image/large-44617628d780251f40094624dcfa3b0c.jpg" data-gid="gid://syiq/Photo/217095">She had a last asking price of €3,600,000.<img src="https://photo-assets.superyachttimes.com/photo/217096/image/large-c82214534d5057c77b22558e2e20a095.jpg" data-gid="gid://syiq/Photo/217096">

Swan sailing yacht Song of the Sea sold

The 34m Nautor Swan sailing yacht Song of the Sea has been sold.

Nautor Swan sailing yacht Song of the Sea has been sold

The 30.61-metre <a data-gid="gid://syiq/Company/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hatteras Yachts (Company)">Hatteras Yachts</a> motor yacht <a data-gid="gid://syiq/Yacht/1116" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hatteras GF61930.61m (100'5&quot;)Hatteras Yachts2005">Hatteras GF619</a> has been sold. The deal was concluded with Mike Burke of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> introducing the buyer and Ryan Gessel with <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a> represented the seller. <img src="https://photo-assets.superyachttimes.com/photo/263099/image/large-3db0f805190c8e0bd55292029975a465.jpeg" data-gid="gid://syiq/Photo/263099">The Hatteras 100 motor yacht was launched in 2005 by the American yacht builder. Previously named Avanti, the motor yacht can accommodate as many as 10 guests between five comfortable staterooms.She offers additional crew accommodations as well as an owner office aft of the master stateroom. The saloon features a day head, sectional sofa, coffee table, end table and two occasional chairs. The pilothouse features an L-shaped lounge with table, chart table, stairs to the starboard companionway, and steps leading to the flybridge.The flybridge has single-level electronic clutch and throttle controls, a 16-inch 60 horsepower bow thruster, control station with all switches, and dimmable lighted instruments. The new owner will enjoy the U-shaped deck seating complete with wet bar, refrigerator and ice maker.She has a cruising speed of 20 knots and a top speed of 24 knots, powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines. She had a last known asking price of $3,795,000.&nbsp;

Hatteras yacht GF619 sold

The 31m Hatteras motor yacht GF619 has been sold. 

31m Hatteras motor yacht Hatteras GF619 has been sold

The <a data-gid="gid://syiq/Event/175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Venice Boat Show - 2023">Venice Boat Show</a> is once again returning to the historic Arsenale of Venice from May 31 to June 4. The show is one of the leading exhibitions dedicated to the boating industry in the area and will feature over 220 exhibitors and 300 vessels. We take a look at everything happening at the fourth edition of the <a data-gid="gid://syiq/Event/175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Venice Boat Show - 2023">Venice Boat Show</a> where representatives from the SuperYacht Times team will also be in attendance.<img src="https://photo-assets.superyachttimes.com/photo/271769/image/large-8c6193fbda2c363af2247839a140aafd.jpg" data-gid="gid://syiq/Photo/271769">LocationThe <a data-gid="gid://syiq/Event/175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Venice Boat Show - 2023">Venice Boat Show</a> is held in the Arsenale of Venice, a symbol of the centuries-old military domination of the Serenissima Republic of Venice and the beating heart of its naval industry. The show is promoted by the City of Venice through Vela Spa, in collaboration with the Italian Navy.<img src="https://photo-assets.superyachttimes.com/photo/271770/image/large-1f6398e52cb92c2f745f321da40dc294.jpg" data-gid="gid://syiq/Photo/271770">The exhibition spans 55,000 square-metres and is spread across the water basin, with 30,000 square-metres of outdoor exhibition space, 5,000 square-metres of indoor space and over 1,100 linear-metres of piers. With over 230 moorings dedicated to superyachts, sailing yachts and various other types of boats, there will be the opportunity to explore a wide range of vessels during the show.<img src="https://photo-assets.superyachttimes.com/photo/271768/image/large-3e2796c8660d7d17ede56b31252e89ca.jpg" data-gid="gid://syiq/Photo/271768">ExhibitorsThis year’s <a data-gid="gid://syiq/Event/175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Venice Boat Show - 2023">Venice Boat Show</a> will see over 220 exhibitors from all corners of the world visiting the Arsenale. Some of the biggest industry professionals will be attending including, <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/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a>, <a data-gid="gid://syiq/Company/295" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fincantieri Yachts (Company)">Fincantieri</a>, <a data-gid="gid://syiq/Company/314" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pantaenius (Company)">Pantaenius</a>, <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> and <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/271766/image/large-aca5d1dd3a8ca2299a52f5136b211bfc.jpg" data-gid="gid://syiq/Photo/271766">Yachts attending and world premieresThe <a data-gid="gid://syiq/Event/175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Venice Boat Show - 2023">Venice Boat Show</a> will be welcoming yachts from far and wide, as well as many world premieres. Below is SYT’s list of yachts to look out for while attending this year’s show:<img src="https://photo-assets.superyachttimes.com/photo/264617/image/large-656b52440821f743f4e0c9d4811135a2.jpg" data-gid="gid://syiq/Photo/264617"><a data-gid="gid://syiq/Yacht/8690" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean King Ducale 12036.8m (120'9&quot;)Ocean King2023">Ocean King Ducale 120</a>&nbsp;|&nbsp;<a data-gid="gid://syiq/Company/2360" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean King (Company)">Ocean King</a>&nbsp;| 36.8-metresDesigned in Venice, the 36.8-metre <a data-gid="gid://syiq/Yacht/8690" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean King Ducale 12036.8m (120'9&quot;)Ocean King2023">Ocean King Ducale 120</a> motor yacht will be making her Italian premiere. The steel explorer yacht features an Italian pedigree DNA with interior and exterior design by <a data-gid="gid://syiq/Company/4663" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VYD Studio (Company)">VYD Studio</a>, and naval architecture penned by <a data-gid="gid://syiq/Company/4565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="InNave (Company)">InNave</a>.<img src="https://photo-assets.superyachttimes.com/photo/248691/image/large-3b79797ed9a380aef67ac19939f4c0cf.jpg" data-gid="gid://syiq/Photo/248691">The <a data-gid="gid://syiq/Yacht/8690" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean King Ducale 12036.8m (120'9&quot;)Ocean King2023">Ocean King Ducale 120</a> features two swimming pools; a rare feature on vessels her size, as well as an interior volume of 334 GT. She is able to accommodate up to 12 guests across a five stateroom layout, as well as a crew of seven between four cabins.<img src="https://photo-assets.superyachttimes.com/photo/182818/image/large-aa206236fa191f1f951246fd83f1273a.jpg" data-gid="gid://syiq/Photo/182818"><a data-gid="gid://syiq/Yacht/8366" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sherpa 8023.8m (78'1&quot;)Arcadia Yachts2020">Sherpa 80</a>&nbsp;|&nbsp;<a data-gid="gid://syiq/Company/1726" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arcadia Yachts (Company)">Arcadia Yachts</a>&nbsp;| 23.8-metresThe 23.8-metre <a data-gid="gid://syiq/Company/1726" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arcadia Yachts (Company)">Arcadia</a> motor yacht <a data-gid="gid://syiq/Yacht/8366" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sherpa 8023.8m (78'1&quot;)Arcadia Yachts2020">Sherpa 80</a> will be showcased at this year’s <a data-gid="gid://syiq/Event/175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Venice Boat Show - 2023">Venice Boat Show</a>. The pocket-sized yacht offers a total of 220 square-metres of indoor and outdoor space, as well as a beam of 7-metres. <img src="https://photo-assets.superyachttimes.com/photo/182866/image/large-e629bb564659c27ca7a90da600456b24.jpg" data-gid="gid://syiq/Photo/182866">The <a data-gid="gid://syiq/Yacht/8366" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sherpa 8023.8m (78'1&quot;)Arcadia Yachts2020">Sherpa 80</a> features interior and exterior design by <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a> with naval architecture from her builder <a data-gid="gid://syiq/Company/1726" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arcadia Yachts (Company)">Arcadia Yachts</a>. She features a four stateroom layout for up to eight guests, as well as crew accommodation for three.<img src="https://photo-assets.superyachttimes.com/photo/271773/image/large-324778313a4910eea515a28e587e749f.jpg" data-gid="gid://syiq/Photo/271773">Navetta 75 |&nbsp;<a data-gid="gid://syiq/Company/5729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Absolute Yachts (Company)">Absolute Yachts</a>&nbsp;| 22.82-metresThe 22.82-metre Navetta 75 yacht uses geometric shapes while embodying <a data-gid="gid://syiq/Company/5729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Absolute Yachts (Company)">Absolute Yachts</a> key design characteristics. She features sleek lines and glass parapets which help to enhance her connection with the sea.<img src="https://photo-assets.superyachttimes.com/photo/271772/image/large-ba669915ab95864b393451dffa5a335c.jpg" data-gid="gid://syiq/Photo/271772">The Navetta 75 offers a four stateroom layout for up to eight guests with a full-beam master suite on the bow, with two double and a twin stateroom on her lower deck.<img src="https://photo-assets.superyachttimes.com/photo/271774/image/large-5f04e674aff3f4084588f4698590ce39.png" data-gid="gid://syiq/Photo/271774">Azimut 68 |&nbsp;<a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut Yachts</a>&nbsp;| 20.98-metres&nbsp;The <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> 68 yacht features a sophisticated design with multi-purpose exterior deck spaces. The <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> 68 yacht offers the option of three main deck configurations to suit all onboard living styles. <img src="https://photo-assets.superyachttimes.com/photo/271775/image/large-69e9007c8884ea03556e581296a2e5d6.png" data-gid="gid://syiq/Photo/271775">With a beam of 5.23-metres, the <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> 68 is able to sleep up to eight guests across four staterooms, as well as a crew of two. She is equipped with twin <a data-gid="gid://syiq/Company/1450" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo (Company)">Volvo</a> engines which provide her with a top speed of 32 knots and a cruising speed of 27 knots.<img src="https://photo-assets.superyachttimes.com/photo/271767/image/large-d68fa3832f0e8d66303d3d2363468002.jpg" data-gid="gid://syiq/Photo/271767">Event detailsThe <a data-gid="gid://syiq/Event/175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Venice Boat Show - 2023">Venice Boat Show</a> is a hub of entertainment and will feature meetings, presentations and specialised congresses, as well as art installations, guided tours and educational activities for children.&nbsp;The event will also see water trials, trophies and sports regattas and an E-Village dedicated to electric boats participating in the E-Regatta. <img src="https://photo-assets.superyachttimes.com/photo/271765/image/large-fbf4a31352f82c65f3dc435543660d77.jpg" data-gid="gid://syiq/Photo/271765">

Venice Boat Show 2023 details

The Venice Boat Show 2023 returns to the historic Arsenale from May 31 to June 4. SYT takes a look at everything you need to know before attending.

Everything you need to know about the Venice Boat Show 2023

<img src="https://photo-assets.superyachttimes.com/photo/272058/image/large-98f7e5ebedaee948f68363eb94659477.jpeg" data-gid="gid://syiq/Photo/272058">Spotted last Friday cruising off Antibes in the South of France, is the 60-metre superyacht <a data-gid="gid://syiq/Yacht/125" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Slipstream60.0m (196'10&quot;)CMN Yacht Division2009">Slipstream</a>. Delivered by the French shipyard <a data-gid="gid://syiq/Company/113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CMN Yacht Division (Company)">CMN Yacht Division</a> in 2009, she features both exterior and interior design by Andrew Winch of <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a>, while her builder was responsible for her naval architecture. Onboard, <a data-gid="gid://syiq/Yacht/125" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Slipstream60.0m (196'10&quot;)CMN Yacht Division2009">Slipstream</a> can accommodate as many as 12 guests between six luxurious staterooms, including the owner's full-beam panoramic sky lounge suite, and a VIP suite that features a private balcony with sweeping ocean views. Performance-wise, the three-deck superyacht is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> diesel engines of 2,201 horsepower each, allowing her to reach a top speed of 17 knots. <a data-gid="gid://syiq/Yacht/125" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Slipstream60.0m (196'10&quot;)CMN Yacht Division2009">Slipstream</a> has a transatlantic range of 5,000 nautical miles when cruising at 11.5 knots.

Superyacht Slipstream in the South of France

The 60m superyacht Slipstream built by CMN Yacht Division, is seen here cruising off Antibes in the South of France.

<a data-gid="gid://syiq/Company/6094" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yacht Australia (Company)">Horizon Yacht Australia</a> has announced the sale of a new 24.56-metre custom <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon</a> FD 80 motor yacht at Sanctuary Cove International Boat Show. In a joint deal with yacht broker Don Senior, the yacht has been commissioned by a New Zealand-based owner.<img src="https://photo-assets.superyachttimes.com/photo/271903/image/large-63ee8baaf0f0d42efdf7f703e89b9f06.jpg" data-gid="gid://syiq/Photo/271903">The yacht will be custom designed as a fishing-based sports yacht for 'the ultimate offshore experience'. This is the first Horizon build for the avid boater and will feature a four-stateroom-plus-crew layout with plentiful amenities including a split-use sky lounge and heated Jacuzzi.<a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon</a> is exhibiting a full breadth of its fleet during the event that finishes this weekend, with RP125, RP100, FD90, FD80, FD75 and V74 all on display.

Custom Horizon FD 80 yacht sold

Horizon Yacht Australia has announced the sale of a Custom FD 80 motor yacht at Sanctuary Cove.

Custom Horizon FD 80 motor yacht sold

The 28.65-metre <a data-gid="gid://syiq/Company/488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Broward Marine (Company)">Broward Marine</a> motor yacht Pathway sold in a deal with George Ivey of <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY Yacht Sales</a> representing the seller. The yacht will now be renamed <a data-gid="gid://syiq/Yacht/801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Vida28.65m (93'12&quot;)Broward Marine1987">La Vida</a> by her new owner.<img src="https://photo-assets.superyachttimes.com/photo/114179/image/large-5d0c25b551e2ee36c302dc33d75b5a01.jpg" data-gid="gid://syiq/Photo/114179"><a data-gid="gid://syiq/Yacht/801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Vida28.65m (93'12&quot;)Broward Marine1987">La Vida</a> was delivered in 1987 from the United States, as part of the <a data-gid="gid://syiq/Company/488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Broward Marine (Company)">Broward</a> 106’ Raised Pilothouse series. She features exterior design and naval architecture from her builder <a data-gid="gid://syiq/Company/488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Broward Marine (Company)">Broward Marine</a> and boasts a modern and contemporary interior design.<img src="https://photo-assets.superyachttimes.com/photo/177055/image/large-f2fa8755d7b8dd1c55609da5335cb386.jpeg" data-gid="gid://syiq/Photo/177055"><img src="https://photo-assets.superyachttimes.com/photo/177051/image/large-dbd5b78758be2e7bd58f6f31670b1cbf.jpeg" data-gid="gid://syiq/Photo/177051"><img src="https://photo-assets.superyachttimes.com/photo/177052/image/large-da7765dc40475183d7d41b8911cbb041.jpeg" data-gid="gid://syiq/Photo/177052"><img src="https://photo-assets.superyachttimes.com/photo/177058/image/large-10775ff8fd28060dfb0e1936a64c8763.jpeg" data-gid="gid://syiq/Photo/177058">The open-plan main saloon of the flybridge yacht is bright and airy, thanks to large windows and includes a sit-up bar area. <a data-gid="gid://syiq/Yacht/801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Vida28.65m (93'12&quot;)Broward Marine1987">La Vida</a> has accommodation onboard for up to six guests across a three stateroom layout, consisting of an owner suite and two twin staterooms. <img src="https://photo-assets.superyachttimes.com/photo/177062/image/large-138eb10af28b0e1ae6f12e463c6ea8fe.jpeg" data-gid="gid://syiq/Photo/177062"><img src="https://photo-assets.superyachttimes.com/photo/177056/image/large-3083671ef04a912c913fb7747b151cb3.jpeg" data-gid="gid://syiq/Photo/177056"><img src="https://photo-assets.superyachttimes.com/photo/177040/image/large-333280d7875f9627986d240dacf8b2e8.jpeg" data-gid="gid://syiq/Photo/177040">Performance-wise, <a data-gid="gid://syiq/Yacht/801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Vida28.65m (93'12&quot;)Broward Marine1987">La Vida</a> is equipped with twin <a data-gid="gid://syiq/Company/1497" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Detroit Diesel (Company)">Detroit Diesel</a> engines which power her to a top speed of 16 knots and a comfortable cruising speed of 14 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Vida28.65m (93'12&quot;)Broward Marine1987">La Vida</a> had a last known asking price of $499,900.<img src="https://photo-assets.superyachttimes.com/photo/177029/image/large-6e05b983357bc0a7b75ff7d355aed467.jpeg" data-gid="gid://syiq/Photo/177029">

Broward Marine yacht Pathway sold and renamed La Vida

Broward Marine’s 29m yacht Pathway sold and was renamed La Vida. She had a last known asking price of $499,900.