Sources close to <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> have told SuperYacht Times that the company has not considered acquiring <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> (TISG), denying speculation that it may be interested in the Italian builder.<img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">The rumours emerged amid heightened scrutiny of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a>’s financial position following an internal review, with media reports over the weekend suggesting that <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> could be a potential buyer.Read: <a data-gid="gid://syiq/Article/65502" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG launches forensic investigation into internal overspending and financial irregularities (2026-03-02 10:30:00 +0100)">TISG launches forensic investigation into internal overspending and financial irregularities</a><img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">On 2 March 2026, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> stated that a preliminary internal analysis conducted by Chief Executive Officer Giovanni Costantino, together with external advisors, had identified expenditure exceeding approved project budgets during the execution of certain contracts.According to the company, the overruns were made possible by a group of individuals who implemented a system designed to circumvent internal controls. The scope of those involved is still being determined.SuperYacht Times will continue to follow this story and will update it with new information accordingly.&nbsp;

Lürssen denies interest in acquiring The Italian Sea Group

The Italian Sea Group with Admiral Platinum

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The Italian Sea Group

Sources at Lürssen have denied reports that the company may be interested in acquiring The Italian Sea Group.

Lürssen not considering acquiring The Italian Sea Group

Italian 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 denied rumours that they had a possible interest in acquiring <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a>.<img src="https://photo-assets.superyachttimes.com/photo/397066/image/large-cec8e87de7ad8613fc332951b5703d7a.jpg" data-gid="gid://syiq/Photo/397066">According to the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, press articles had reported that they were in negotiations with <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> to acquire the entire share capital or the main assets. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> clarified that at present no negotiations to that effect are underway with <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> or its shareholders.“At the same time, as a leading player in the Italian yachting industry and in line with its external growth strategy, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> continuously evaluates and assesses potential opportunities that may arise in the market,” commented <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> closed their statement by confirming that if they were to proceed with any transactions, it would inform the market in compliance with terms and conditions required by law.In February 2026, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that Chairman Filippo Menchelli and Vice Chairman Marco Carniani had resigned, with Giovanni Costantino elected as Chairman of the Board of Directors.The following week, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> launched a forensic investigation into internal overspending and financial irregularities. KPMG was appointed to conduct an independent forensic due diligence review, as a result of the actions made possible by a group of individuals within <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>.&nbsp;Since then, the Court of Florence has granted protective measures restricting creditors from initiating or continuing enforcement actions against the company’s assets, including vessels currently under construction. Last week, these measures were partially lifted for five shipowners.Read more: <a data-gid="gid://syiq/Article/66308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Florence court lifts protective measures for five The Italian Sea Group yacht contracts (2026-06-11 10:00:00 +0200)">Florence court lifts protective measures for five The Italian Sea Group yacht contracts</a>The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> is not the only company that has denied acquisition rumours for TISG. In March 2026, German yacht builder <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> told SuperYacht Times that <a data-gid="gid://syiq/Article/65574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen not considering acquiring The Italian Sea Group (2026-03-09 14:00:00 +0100)">the company had not considered acquiring TISG</a>.&nbsp;

Ferretti Group denies The Italian Sea Group acquisition rumours

Italian yacht builder Ferretti Group has denied rumours that they had a possible interest in acquiring The Italian Sea Group (TISG).

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

Skippern Yachts takes over Sea Independent brokerage

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

Skippern Yachts acquires Sea Independent brokerage operations

<a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">International Marine Management</a> (IMM) has announced the acquisition of <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">Atlantic Refit Center</a> (ARC) in La Rochelle, France. The shipyard is dedicated to the refit and repair of superyachts up to 150 metres in length.<img src="https://photo-assets.superyachttimes.com/photo/395123/image/large-b4dd49b5ee58da2c0bddbdcd499e313b.png" data-gid="gid://syiq/Photo/395123">With 130 in-house employees, <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> operates across key Caribbean hubs including Puerto Rico, St Maarten, Guadeloupe and Grenada. The acquisition marks the company’s expansion into Europe, combining <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM’s</a> refit expertise with <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC’s</a> established facility and infrastructure.“Returning to Europe is a defining step for <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a>,” said <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> CEO Norina Edelman. “Marrying the strength of <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC’s</a> existing infrastructure with <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM's</a> spirit and values will create a unique client experience in terms of flexibility, quality and transparency. We are excited to operate a European shipyard that will allow us to give every client a bespoke experience.”<a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC</a> brings more than 20 years of experience, including projects such as the conversion of the 71.4-metre <a data-gid="gid://syiq/Yacht/4954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enigma XK71.4m (234'3&quot;)Richards Shipbuilders1988">Enigma XK</a>. Its location in La Rochelle is considered highly strategic, offering direct 24/7 access via the only deep-sea port on the French Atlantic coast.The facility provides extensive infrastructure for large-scale refit and conversion projects, including an 11-metre draft capability and a fully secured ISPS-compliant area. It features two dry docks (176-metres and-107 metres), a 250-tonne travel lift, cranes of up to 150 tonnes, 300-metres of afloat repair quays, and 2,000-square-metres of hard-standing space.<a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> Founder and COO Fabrice Maitre has more than 40 years of experience in yacht refit and repair, with projects including <a data-gid="gid://syiq/Yacht/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Octopus126.2m (414'1&quot;)Lürssen Yachts2003">Octopus</a>, <a data-gid="gid://syiq/Yacht/442" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skat70.7m (231'11&quot;)Lürssen Yachts2002">Skat</a>, and <a data-gid="gid://syiq/Yacht/208" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kogo71.71m (235'3&quot;)Alstom (Aker Yards)2006">Kogo</a>. In 2007, he oversaw the extensive refit of Tatoosh in La Rochelle. This project was regarded as a milestone for the town’s emergence within the superyacht refit industry, according to <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a>.<img src="https://photo-assets.superyachttimes.com/photo/395122/image/large-ae50f768748608ce23d4bd3776773ae6.png" data-gid="gid://syiq/Photo/395122">“In many ways, this expansion is a full-circle moment,” explained Fabrice Maitre. “France is where my career began, and the Tatoosh refit in La Rochelle was a significant step in both my career and superyacht refit generally. Establishing <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM’s</a> presence here, with such a capable facility, allows us to bring our experience, standards, and approach back to a market we know deeply.”<a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> positions itself as offering a boutique experience for every vessel. The company states that its team will oversee shipyard operations to ensure projects are delivered on schedule and to the highest standards of quality. Each client will benefit from robust planning, transparent workflows, and stringent quality control systems.“At <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC</a>, the entire shipyard is prepared and optimized for each client and refit project. Having a rich network of local contractors, as well as easy connectivity to Central Europe makes <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC</a> particularly attractive, especially for yachts over 5,000 tonnes, for whom haul-out options on the market are very limited, especially in shipyards specializing in superyacht refit,” commented <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> Global Director Víctor Pérez<a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC’s</a> outgoing President and Co-Founder Stephane Marcelli will remain involved in the company’s operations. He concluded: “The integration of <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC</a> into the <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> group brings exactly the kind of expertise and momentum the French Atlantic superyacht sector needs to further strengthen its position internationally."

International Marine Management acquires Atlantic Refit Center

 International Marine Management (IMM) has announced the acquisition of Atlantic Refit Center (ARC) in La Rochelle, France.

Lai Sun Development Company Limited is selling an initial 80 percent stake in leading superyacht services provider <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons International</a>, in a transaction valuing the business at €50 million.<img src="https://photo-assets.superyachttimes.com/photo/395214/image/large-c14a422e2246a71de936781ef03d2690.jpg" data-gid="gid://syiq/Photo/395214">The agreement, signed on 28 May 2026, sees the Hong Kong-listed group divest its majority interest for an initial consideration of €40 million, subject to customary post-completion adjustments. The valuation is based on approximately 12 times FY2025 EBITDA, with management EBITDA reported at around €4.1 million.<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons International</a>is a long-established player in the global superyacht industry, offering a full range of services including yacht and charter brokerage, yacht and charter management, new build and design supervision, insurance services, corporate support, and crew placement.The company's CEO Paolo Casani commented on this agreement: "<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> welcomes this investment as an important milestone in the company’s continued &nbsp;growth. The transaction reflects strong confidence in the brand, its global platform, and the expertise &nbsp;of its team. Working alongside our existing shareholders, Lai Sun Group, we look forward to this next &nbsp;chapter and to continuing to build on our strong foundations."The buyer, Wave Expandary Limited, will acquire the stake with a guarantee provided by Sea Expandary Limited. The seller retains the remaining interest in the business under a structured shareholders’ arrangement governing future ownership.Sea Expandary Limited is ultimately linked to a newly established yacht-focused industrial platform in China. The group is associated with an initiative led by JD.com founder Richard Liu Qiangdong. In February 2026, he announced the launch of an independent yacht brand under the “Sea Expandary” name, backed by an investment of approximately USD 700 million.Read: <a data-gid="gid://syiq/Article/65463" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JD.com founder Richard Liu invests $700M to establish Sea Expandary yacht brand in China (2026-02-25 10:45:00 +0100)">JD.com founder Richard Liu invests $700M to establish Sea Expandary yacht brand in China</a>The venture is understood to span R&amp;D, manufacturing, sales, brokerage and after-sales services, with a focus on new-energy propulsion systems and broader yacht industry development in the Guangdong-Hong Kong-Macao Greater Bay Area."The company will continue to operate without disruption, maintaining full continuity across its &nbsp;leadership and suite of yachting services. Clients and partners can expect the same high standards of &nbsp;service and commitment that have long defined <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>," Paolo added.As part of the agreement, both parties have agreed put and call options over the remaining stake, exercisable from 31 December 2027. Each option is estimated at €9.135 million and is linked to the original transaction valuation.For the financial year ended 2025, <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> generated revenue of HK$270.7 million and recorded a net profit after tax of HK$13.1 million. Upon completion, Lai Sun expects to recognise a gain of approximately HK$91-92 million, and the business will be deconsolidated from the group’s accounts.&nbsp;Completion remains subject to customary conditions, including shareholder approvals and regulatory clearances, with a long stop date set at 30 September 2026. Lai Sun said the disposal is part of its strategy to streamline its portfolio, improve liquidity, and support working capital and debt repayment objectives."Looking ahead, this development supports the company’s long-term strategic direction, enabling &nbsp;further investment in its capabilities and strengthening its position as a leading global yachting &nbsp;business," concluded Paolo.

Wave Expandary Limited acquires Camper & Nicholsons

Lai Sun Development Company Limited is selling an initial 80 percent stake in Camper & Nicholsons International.


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Camper & Nicholsons to be sold in €50M deal to Chinese billionaire-linked venture

Online marine marketplace <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> has completed the acquisition of marine, service and storage company, Apex Marine Group.<img src="https://photo-assets.superyachttimes.com/photo/393587/image/large-77d79f43d3f87b5a5a2311f82a62aa95.png" data-gid="gid://syiq/Photo/393587">The acquisition was <a data-gid="gid://syiq/Article/65451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts to acquire Apex Marine Group (2026-02-24 14:00:00 +0100)">first announced in February 2026</a>, with the deal valued at $5.5 million, with $1.83 million in cash, approximately 670,000 shares valued at $2.70 and a $1.83 million secured seller note at six percent due in three years.Located in South Florida, the Apex facilities include four prime storage and service locations, haul-out capability up to 150 metric tons and vessels up to 40 metres, and comprehensive in-house service teams for repair, refit and refurbishment.“The integration of these capabilities is already generating millions of dollars in annual cost savings by reducing third-party service dependencies, lowering transportation costs, accelerating turnaround times, and delivering higher-quality refurbishments,” said Brian John, CEO of <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>. <img src="https://photo-assets.superyachttimes.com/photo/386344/image/large-a0334d742061ce908dacbd406c529d7b.jpg" data-gid="gid://syiq/Photo/386344">“This centralised approach allows us to standardise refurbishment quality, reduce cycle times from acquisition to resale, and scale inventory without proportional overhead increases.”Founded in 2012, <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> is an online marine marketplace for pre-owned boats, with an integrated ecosystem that includes <a data-gid="gid://syiq/Company/8384" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Autograph Yacht Group (Company)">Autograph Yacht Group</a>, Azure Funding and proprietary lead-generation platforms.“This acquisition is fundamentally about operational dominance through infrastructure,” concluded Jason Ruegg, Founder of <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>. “Facilities like these are unique in South Florida. Bringing service, storage and hauling in-house is a game changer for our efficiency, margins and ability to scale.”

Off the Hook Yachts completes Apex Marine Group acquisition

Off The Hook Yachts has completed the acquisition of marine, service and storage company, Apex Marine Group.

Off The Hook Yachts completes acquisition of Apex Marine Group

German defence group Rheinmetall has submitted a non-binding bid to acquire <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">German Naval Yards Kiel (GNYK)</a>.<img src="https://photo-assets.superyachttimes.com/photo/119735/image/large-acfb0b7bab0c6365f9f60566481d2088.jpg" data-gid="gid://syiq/Photo/119735">The bid was disclosed as part of Rheinmetall’s first-quarter financial results on 7 May 2026, although it did not reveal the value of the offer. During the conference call, Rheinmetall CEO and Chairman of the Executive Board Armin Papperger, explained that the company had made a non-binding offer to acquire <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a>.“We have now started a due diligence, and we expect over the next weeks that we will have a result about that so that we can give a binding offer also to enlarge our capacities in shipyards.”<a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> is part of CMN Naval Group, the family-owned French shipbuilder active in both naval and yacht construction. In January 2026, German defence and shipbuilding group<a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">&nbsp;Thyssenkrupp Marine Systems (TKMS)</a> also submitted a non-binding bid to acquire GNYK.Read:&nbsp;<a data-gid="gid://syiq/Article/65176" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TKMS submits non-binding bid for German Naval Yards (2026-01-16 15:00:00 +0100)">TKMS submits non-binding bid for German Naval Yards</a><img src="https://photo-assets.superyachttimes.com/photo/119742/image/large-8d47deb0b2710a78c1048265db2b1b5a.jpg" data-gid="gid://syiq/Photo/119742"><a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">TKMS</a> confirmed to SuperYacht Times that it was still in negotiations to acquire the company. In a statement to SYT, the company said: “<a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">TKMS</a> has submitted a non-binding offer to <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">German Naval Yards (GNYK)</a>. Discussions between our two companies are continuing with an open outcome.”<a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> reportedly employs around 400 people directly and in October 2025, the contract for the construction of the 114.1-metre superyacht <a data-gid="gid://syiq/Article/64446" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards signs contract to complete 114m in-build Project ELF superyacht (2025-10-08 13:30:00 +0200)">Project ELF</a> was signed, with the yard unveiling the 93-metre superyacht concept, <a data-gid="gid://syiq/Article/64988" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards unveils new 93m yacht concept Project KOA (2025-12-16 14:45:00 +0100)">Project KOA</a> in December 2025.Read: <a data-gid="gid://syiq/Article/64446" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards signs contract to complete 114m in-build Project ELF superyacht (2025-10-08 13:30:00 +0200)">German Naval Yards signs contract to complete 114m in-build Project ELF superyacht</a><img src="https://photo-assets.superyachttimes.com/photo/374090/image/large-176e4c6ae9d16a2aefdd17a353aad349.jpg" data-gid="gid://syiq/Photo/374090">In March 2026, <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> also unveiled that they had signed for the hull and superstructure construction of a new <a data-gid="gid://syiq/Article/65656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards to build hull of +100m Abeking & Rasmussen superyacht (2026-03-18 10:00:00 +0100)">+100-metre superyacht</a> built for <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a>. Very few details have been announced about the build, which has an estimated completion date of 2030.SuperYacht Times reached out to Rheinmetall and <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> for further details on the proposed acquisition, with both declining to comment. We will update this article as the story develops.

Rheinmetall submits non-binding bid for German Naval Yards

German defence group Rheinmetall has submitted a non-binding bid to acquire German Naval Yards Kiel (GNYK).

According to Reuters, US-based boating and yacht retailer <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> is reportedly preparing for a potential sale of the company. <img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">Three sources told Reuters that one potential buyer had raised its offer and one prominent private equity firm was conducting due diligence. Two of the sources also confirmed that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s board of directors agreed last month to move forward with a sale process, advancing discussions into a second round.The decision comes around six months after investment firm Donerail Group began urging the company to consider either a sale, or changes to its leadership structure. Donerail currently owns a five percent stake in <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> and according to two sources, the company has increased its initial offer, which originally valued the company at close to $1 billion.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/65294" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail makes $1 billion offer to acquire MarineMax (2026-02-03 12:30:00 +0100)">Donerail makes $1 billion offer to acquire MarineMax</a><img src="https://photo-assets.superyachttimes.com/photo/265730/image/large-3fda6f192a71e4f552e121164e407ea4.jpg" data-gid="gid://syiq/Photo/265730">Private equity firm Blackstone has also reportedly expressed interest in the business and is said to be conducting due diligence. Blackstone has existing investments in marinas and yacht-related infrastructure. Reuters previously reported that other parties, including Blue Compass, Island Capital Group and TPG, had also shown interest in a potential acquisition.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> is reportedly working with Wells Fargo on the sale process, while Donerail and its investment partners have retained Jefferies as advisers.Read:&nbsp;<a data-gid="gid://syiq/Article/65477" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax attracts further acquisition interest following $1B Donerail offer (2026-02-26 14:45:00 +0100)">MarineMax attracts further acquisition interest following $1B Donerail offer</a><img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-54496f786fc04228218fba51ab6acb9e.jpg" data-gid="gid://syiq/Photo/265731">The company’s share price has risen approximately 30 percent since the beginning of the year as investor pressure for a sale intensified. However, over the past five years, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> shares have declined by more than 50 percent.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, headquartered in Clearwater, operates 65 marinas and storage facilities alongside 70 dealerships across the United States. The company also has a presence in the superyacht sector, with a portfolio of yachts for sale listed through its brokerage operations.Neither <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> nor Donerail commented on the statements from Reuters, while Blackstone declined to comment. Reuters also noted that, despite progress in the process, there is no certainty that a transaction will ultimately be completed.

MarineMax explores potential sale as Donerail raises its bid

US-based boating and yacht retailer MarineMax is reportedly preparing for a potential sale of the company.

<a data-gid="gid://syiq/Company/6525" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Swisspath Yachting (Company)">Swisspath Yachting</a> and <a data-gid="gid://syiq/Company/6136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tag Yachting (Company)">TAG Yachting</a> have announced a merger to form Swisspath | TAG Yachting, a new fully integrated yacht services group offering charter, management and sales services.<img src="https://photo-assets.superyachttimes.com/photo/393091/image/large-e961e6e5065594495a29a652526c0e54.jpg" data-gid="gid://syiq/Photo/393091">The newly formed company will operate under the ownership of an independent Swiss multi-family office founded by Alessandro Lardi. The merger is intended to create a more streamlined approach to yacht ownership and client services, with a focus on discretion, long-term relationships and tailored support for ultra-high-net-worth individuals.“Owning a yacht is not a single transaction; it's an evolving journey,” explained Phill Gregory, Managing Partner at <a data-gid="gid://syiq/Company/6136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tag Yachting (Company)">TAG Yachting</a>. “What this merger allows us to do is support clients at every stage, from first charter through to ownership, management and eventual sale, without fragmentation or compromise.”Swisspath | TAG Yachting’s flagship base will be located at the renovated Club de Mar in Palma de Mallorca. The group will also maintain registered offices in London and Zurich, alongside operational teams in Singapore and Hong Kong.Combined, the businesses bring together around 50 years of industry experience across yacht management, charter and brokerage services. The group stated that its operations span the Mediterranean, Caribbean, Americas and Asia-Pacific regions, with a client base of approximately 200 ultra-high-net-worth individuals.<img src="https://photo-assets.superyachttimes.com/photo/393092/image/large-71d187489194227ea7b72711a39a3314.jpg" data-gid="gid://syiq/Photo/393092">“We spoke to a number of potential partners before finding <a data-gid="gid://syiq/Company/6136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tag Yachting (Company)">TAG</a>, and what became clear quickly is how rarely values truly align,” commented James Thomas-Green, Director of Yacht Management at <a data-gid="gid://syiq/Company/6525" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Swisspath Yachting (Company)">Swisspath Yachting</a>.“Discretion, long-term thinking, relationships before transactions, these are easy things to say and harder things to live by. With Phill and the <a data-gid="gid://syiq/Company/6136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tag Yachting (Company)">TAG</a> team, there was nothing to negotiate on the things that matter. That's rarer than it should be.”The merger also expands the company’s ability to provide what it describes as a “360 service”, allowing clients to move between charter, ownership, management and sales services within a single organisation.As part of its next phase of development, Swisspath | TAG Yachting has also appointed Vicky Gale as Head of Marketing. The company stated that her role will focus on strengthening the brand through data-driven marketing, digital development and storytelling initiatives ahead of the Mediterranean season and upcoming yacht shows.

Swisspath Yachting and TAG Yachting merge

Swisspath Yachting and TAG Yachting have announced a merger to form Swisspath | TAG Yachting.

Swisspath Yachting and TAG Yachting merge to form integrated yacht services group

<a data-gid="gid://syiq/Company/6468" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Next Yacht Group (Company)">Next Yacht Group</a> has announced the establishment of Next Yacht Spain, a new company aimed at expanding its regional presence and market development, in collaboration with <a data-gid="gid://syiq/Company/5304" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Smart Yachting (Company)">Smart Yachting</a>. <img src="https://photo-assets.superyachttimes.com/photo/383873/image/large-4f8741f8f69522c6a06998d43657bec1.jpg" data-gid="gid://syiq/Photo/383873">The initiative is part of the Group’s broader strategy and is aimed at building an international sales network that is aligned with the positioning of its brands. Founded in 2021, <a data-gid="gid://syiq/Company/6468" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Next Yacht Group (Company)">Next Yacht Group</a> includes the brands <a data-gid="gid://syiq/Company/536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora (Company)">Maiora</a> and <a data-gid="gid://syiq/Company/1205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AB Yachts (Company)">AB Yachts</a> and is part of the the strategic vision of GB Invest Holding AG.“The partnership will enable the Group to further strengthen its presence in one of the most important global hubs for yachts over 24 metres,” explained Giorgio Mattei, Deputy Chairman of <a data-gid="gid://syiq/Company/6468" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Next Yacht Group (Company)">Next Yacht Group</a>. “The launch of Next Yacht Spain is a fundamental step in this direction and significantly strengthens our presence in such an important market.”<img src="https://photo-assets.superyachttimes.com/photo/383870/image/large-50b1b3ce0c7a54190e916bf124d95d97.jpg" data-gid="gid://syiq/Photo/383870">Founded in 2008, Smart Yachting offers a comprehensive range of services in Spain and the Balearic Islands, including yacht management services, new yacht sales and after-sales support. &nbsp;“We’re proud to represent AB Yachts and Maiora in Spain,” added Charlie Veale, CEO of <a data-gid="gid://syiq/Company/5304" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Smart Yachting (Company)">Smart Yachting</a>. “This partnership aligns perfectly with our vision, offering clients something truly distinctive, backed by a complete ownership experience. With our infrastructure and technical capabilities across Spain, we’re well placed to support owners at every stage.”<img src="https://photo-assets.superyachttimes.com/photo/392158/image/large-49b1fd905895500ed2afbbf274f0d4f4.png" data-gid="gid://syiq/Photo/392158">

Next Yacht Spain established

Next Yacht Group has announced the establishment of Next Yacht Spain, in collaboration with Smart Yachting.

Next Yacht Group establishes Next Yacht Spain in partnership with Smart Yachting

<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche (CdM)</a> has announced that CLP2 has completed its transition to become the majority shareholder of the company, as FIL Bros exits as part of the planned acquisition.In October 2025, it was announced that the holding company of Giovanni Cagnoli (through Carisma) and the Loro Piana family had acquired a majority stake in the shipyard. Before CLP2’s acquisition, FIL Bros Family Office had acquired a 75 percent stake during a management buyout in 2022, led by the <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> yacht <a data-gid="gid://syiq/Yacht/10470" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lt. Pete Maverick Mitchell44.33m (145'5&quot;)Cantiere delle Marche (CdM)2024">Lt. Pete Maverick Mitchell</a>'s owner Tom Schröder.Read: <a data-gid="gid://syiq/Article/64536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CLP2 becomes new majority shareholder of Cantiere delle Marche (2025-10-17 09:00:00 +0200)">CLP2 becomes new majority shareholder of Cantiere delle Marche</a><img src="https://photo-assets.superyachttimes.com/photo/247252/image/large-2fbfbe4b9d5054afb10be5d60abc74bb.jpg" data-gid="gid://syiq/Photo/247252">The final portion of shares from FIL Bros have now been acquired by CLP2, marking the full exit of FIL Bros and Tom Schröder from the share capital of <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a>. CLP2 now holds the majority stake, while Vasco Buonpensiere and Ennio Cecchini retain their minority shareholding positions alongside their executive roles.“<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> wishes to express its genuine appreciation to Tom Schröder and the entire FIL Bros team for their years of partnership,” explained <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a>. “Their confidence in the yard, the freedom they extended to the management team, and their constant and constructive support were instrumental in allowing <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> to grow and consolidate its position as one of the world’s most respected builders of explorer and displacement yachts.”Exclusive interview: <a data-gid="gid://syiq/Article/59568" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exclusive interview: Tom Schröder on CdM and his new 44m superyacht Maverick (2024-01-24 14:00:00 +0100)">Tom Schröder on CdM and his new 44m superyacht Maverick</a><img src="https://photo-assets.superyachttimes.com/photo/337241/image/large-5b4bc88d00900d35a6d01d2c4b3f8991.jpg" data-gid="gid://syiq/Photo/337241">CLP2 has now confirmed its commitment to a four-year business plan currently underway. The transaction was advised by Poggi e Associati, led by Emanuele Gnugnoli, with contribution by Tommaso Sacchi, Marella Lavarone and Massimo Castiglioni.

CLP2 completes acquisition of CdM as FIL Bros exits

Cantiere delle Marche has announced that CLP2 has completed its transition to become the majority shareholder of the company, as FIL Bros exits.

CLP2 completes acquisition of Cantiere delle Marche as FIL Bros exits

The United States District Court for the Southern District of Florida has dismissed the entire complaint brought by Export Yacht Sales (Brill Maritime), which alleged that Boats Group illegally monopolised the US online boat-listing market through YachtWorld, Boat Trader and boats.com.<img src="https://photo-assets.superyachttimes.com/photo/355047/image/large-0bd8f332392990f5a08cac6ea37b81d1.jpg" data-gid="gid://syiq/Photo/355047">The lawsuit was filed on 14 August 2025, with Brill Maritime alleging that Boats Group controlled approximately 75 percent of the market for listing and marketing recreational boats and used subscription agreements that either bar or discourage brokers and dealers from listing vessels on rival platforms.Read more: <a data-gid="gid://syiq/Article/64073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="US boat dealers bring antitrust class action against Boats Group (2025-08-21 13:00:00 +0200)">US boat dealers bring antitrust class action against Boats Group</a><img src="https://photo-assets.superyachttimes.com/photo/355053/image/large-d4b378b0bbe9bf56a1926a2d570b4fd5.jpg" data-gid="gid://syiq/Photo/355053">According to Brill Maritime, competing platforms had been unable to achieve the scale or inventory to grow their services effectively, leaving brokers and dealers with limited options.The court found that Brill Maritime had plausibly alleged that the relevant market could be defined as an online boat listing and marketing service in the United States and that Boat Group may possess monopoly power in that market.&nbsp;Brill Maritime also alleged that Boat’s Group claimed 75 percent of the global share, reasonably supporting an inference that it has a dominant position in the US market. As a result of this, the judge did not dismiss the case because Boats Group lacks market power.However, the judge said that Brill Maritime had failed to show that Boats Group engaged in illegal anticompetitive conduct and under US antitrust law, being a monopoly is not illegal by itself.The court repeatedly emphasised that monopoly power is legal, but using that power through anticompetitive behaviour to exclude rivals is illegal.&nbsp;The judge found that Brill Maritime’s three main allegations were insufficient including that Boats Group became dominant by acquiring competitors such as YachtWorld.com, boats.com and YachtCloser.com.The judge said that acquiring competitors is not necessarily illegal and that Brill Maritime had not explained how these acquisitions had harmed competition. The complaint had described the acquisitions as “strategic” suggesting it was more of a successful business move than illegal conduct. The judge explained that Brill Maritime had shown that Boats Group bought competitors, but not that these acquisitions were unlawful. <img src="https://photo-assets.superyachttimes.com/photo/355039/image/large-513a0ee840e10e5371f647093bba58d9.jpg" data-gid="gid://syiq/Photo/355039">Brill Maritime also claimed that Boats Group's subscription agreements stoped brokers from listing boats elsewhere. The judge examined the contract language and concluded that the provision merely prevented brokers from implying that a YachtWorld or Boats Group listing originated somewhere else. He therefore concluded that you can advertise on YachtWorld and on other sites and the contract simply prevented you from pretending a Boats Group listing came from another platform, meaning the clause is not an exclusive dealing arrangement.Finally, Brill Maritime argued that Boats Group had dramatically increased its prices. The judge responded that high prices alone are not an antitrust violation. The court cited multiple precedents saying a legal monopolist is generally allowed to charge whatever prices it wants. To prove monopolisation, Brill Maritime needed to show that the higher prices resulted from illegal exclusionary conduct.In conclusion, the judge accepted that Boats Group may hold monopoly power in the US online boat-listing market, but ruled that the plaintiffs failed to show that Boats Group acquired or maintained that position through illegal anticompetitive conduct.United States District Judge, Roy K. Altman dismissed the complaint without prejudice, meaning the plaintiff is able to resubmit an amended complaint, with a deadline of 30 June 2026.&nbsp;The lawsuit also contained claims under Florida law, with the federal court declining to hear the state claims as the federal antitrust claims were dismissed. These were also dismissed without prejudice, allowing for them to also be refiled.&nbsp;SuperYacht Times will continue to follow this story and will provide updates where necessary.

US court dismisses antitrust lawsuit against Boats Group

The US District Court for the Southern District of Florida has dismissed the antitrust lawsuit brought by Export Yacht Sales against Boats Group.

The 24.6-metre <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> motor yacht <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> has been sold, with Joe Hill of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/377303/image/large-e9f5ee62744476943f9773dd48e429fb.jpg" data-gid="gid://syiq/Photo/377303">Delivered in 2022, the yacht features interiors penned in-house by her British builder. Meanwhile, <a data-gid="gid://syiq/Company/2740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Olesinski Ltd. (Company)">Olesinski</a> took charge of her naval architecture and exterior design.At a volume of 78 GT, she can sleep up to eight guests across four well-appointed staterooms. Guests can enjoy communal areas such as the foredeck and aft deck fitted with sunpads and the flybridge with shade.Propulsion-wise, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, giving her top speed of 39 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> had a last known asking price of £3,175,000.00.Courtesy of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a>.

Princess yacht N2H2 sold

Princess yacht, N2H2 sold, Princess yacht N2H2, Princess yacht sold, N2H2 sold.

25m Princess motor yacht N2H2 sold

The 35.4-metre <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a> sailing yacht <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has been sold with Yannis Stratis of <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a>. The sale was concluded directly with a private buyer, with <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a> acting as both owner and central agent in the transaction.<img src="https://photo-assets.superyachttimes.com/photo/98550/image/large-7470442e827fa639586e6fb0099778c8.jpg" data-gid="gid://syiq/Photo/98550">The sale was completed in spring 2026 at Yacht Broker House's home base in Corfu, Greece. Since changing hands, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has departed Greece and is now cruising European waters under her new ownership.&nbsp;Delivered in 1992 by Italian shipyard <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a>, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> most recently underwent a refit in France in 2024. She features exterior design and naval architecture by <a data-gid="gid://syiq/Company/357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laurent Giles Superyacht Architects (Company)">Laurent Giles Superyacht Architects</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/618" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Garroni (Company)">Studio Garroni</a>.Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has a beam of 7.95-metres and an interior volume of 171 GT. Accommodation onboard is arranged for up to 10 guests across a five stateroom configuration, while dedicated quarters house up to a crew of six, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> is powered by a single <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engine that delivers a cruising speed of 9.7 knots and a top speed of 12 knots.&nbsp;At the time of her sale, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> had a last known asking price of €900,000.

35m Cantiere Valdettaro sailing yacht Unplugged sold

  The 35.4-metre Cantiere Valdettaro sailing yacht Unplugged has been sold with Yacht Broker House

<img src="https://photo-assets.superyachttimes.com/photo/392305/image/large-86c88e62c5d466ff1f840f9818dce38b.jpg" data-gid="gid://syiq/Photo/392305">The 29.7-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> has been sold. Ferhat Kanbur of <a data-gid="gid://syiq/Company/7089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Data Marin (Company)">Data Marin</a> introduced the buyer, while Ilker Bicaco of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a> represented the seller.Delivered in 2010, the yacht features naval architecture penned in-house by her builder. Meanwhile, her interior and exterior designs were crafted by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Design</a>.Inside, her design is distinguished by light coloured woods that give the yacht a contemporary feel. <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> can accommodate up to ten guests across four well-appointed staterooms at a volume of 177 GT. Moreover, a highlight of the yacht is a relaxation area on her flybridge, where guests can enjoy panoramic views.&nbsp;In terms of propulsion system, <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a cruising speed of 24 knots and a top speed of 27 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> had a last known asking price of €2,990,000.Photo courtesy of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a>.

Custom Line yacht Lady Yaz sold

The 29.7-metre Custom Line motor yacht Lady Yaz has been sold.

30m Custom Line motor yacht Lady Yaz sold

The 57-metre <a data-gid="gid://syiq/Company/106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trinity Yachts (Company)">Trinity</a> motor yacht <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> is on the market, with Rob Newton of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> benefitted from a 2025 refit that refreshed her interiors and modernised her systems.<img src="https://photo-assets.superyachttimes.com/photo/397161/image/large-157dd31b806639942ec6e7d2aeb4801c.jpg" data-gid="gid://syiq/Photo/397161">With a deck design built around guest flow, <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> features naval architecture and exterior design penned in-house by her American builder. Meanwhile, <a data-gid="gid://syiq/Company/111" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Evan K Marshall (Company)">Evan K Marshall</a> took charge of her interior design which is distinguished by Italian marbles, Lalique glass, silk carpets and rich wood in birch, vavona, and bur.<img src="https://photo-assets.superyachttimes.com/photo/397220/image/large-a05b27ee4abd4103f48fae88e6afdaf3.jpg" data-gid="gid://syiq/Photo/397220"><img src="https://photo-assets.superyachttimes.com/photo/397195/image/large-5eb0377176736d577315088431b690c5.jpg" data-gid="gid://syiq/Photo/397195">At a volume of 782 GT, the <a href="https://www.superyachttimes.com/yachts/elis-et-mar" target="_blank">yacht Elis Et Mar for sale</a> can accommodate up to 12 guests across six well-appointed staterooms. Her full-beam master suite is found on the main deck. This area can be accessed via a private office and is fitted with a king-size bed, walk-in wardrobe, and his-and-hers bathrooms with a soaking tub, separate rain shower, and mirror TVs. <img src="https://photo-assets.superyachttimes.com/photo/397199/image/large-86d7a9b383706d0176d50ebc3a5183fe.jpg" data-gid="gid://syiq/Photo/397199"><img src="https://photo-assets.superyachttimes.com/photo/397208/image/large-d05e1e5f38e5dc5c8b79aa56962db52a.jpg" data-gid="gid://syiq/Photo/397208">The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale’s</a> VIP suite located on the bridge deck also showcases a king-size bed, elevated views, and a spacious ensuite. Four guest suites on the lower deck, all with fixed king beds and ensuite bathrooms, complete the accommodation.<img src="https://photo-assets.superyachttimes.com/photo/397214/image/large-27ec017e7e73699f2a44df284651fc7c.jpg" data-gid="gid://syiq/Photo/397214">Moving outside, guests aboard <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> are spoilt for choice between adventure and relaxation. Her sundeck plays host to a large Jacuzzi, generous sunpads, a full bar, and an outdoor entertainment system. For those looking to keep active, a fully enclosed, air-conditioned gym is also on offer, equipped with a Pilates Reformer, treadmill, free weights, and audio-visual facilities. A portable ice bath is also available upon request.<img src="https://photo-assets.superyachttimes.com/photo/397235/image/large-cd87a31b555950b9bd569392e9918873.jpg" data-gid="gid://syiq/Photo/397235"><a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar’s</a> bridge deck sky lounge provides a relaxed indoor retreat, complete with plush seating, a full-service bar, and alfresco dining for up to 12 guests aft. Guests may choose between a formal indoor dining space or an aft dining area with optional climate control, offering flexibility to suit any occasion, on the main deck aft.<img src="https://photo-assets.superyachttimes.com/photo/397231/image/large-98b1ee45ae88293202adcd95833904d2.jpg" data-gid="gid://syiq/Photo/397231">Moreover, an impressive array of water toys ensures no shortage of thrills for the more adventurous. On the water, guests can make use of four <a data-gid="gid://syiq/Company/3030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cayago AG / Seabob (Company)">Seabobs</a>, two Lift E-Foils, an Awake Ravic electric surfboard, three Jet Skis, a <a data-gid="gid://syiq/Company/5777" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yamaha (Company)">Yamaha</a> Superjet, inflatable towables, and full snorkelling and fishing gear, alongside two foldable e-bikes for exploration ashore. The entire guest experience is overseen by a professional crew of 13.<img src="https://photo-assets.superyachttimes.com/photo/397191/image/large-7c46a1b67dc6f3193229d237bca28a4f.jpg" data-gid="gid://syiq/Photo/397191">In terms of propulsion system, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=trinity-yachts" target="_blank">Trinity yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, giving her a cruising speed of 14 knots and a top speed of 20 knots.<img src="https://photo-assets.superyachttimes.com/photo/397192/image/large-e9dc6c5d43d791366dd8c886a1767f06.jpg" data-gid="gid://syiq/Photo/397192">

Trinity yacht Elis Et Mar for sale

The 57-metre Trinity motor yacht Elis Et Mar is on the market, with Rob Newton of IYC.

57m Trinity superyacht Elis Et Mar for sale

The 23.27-metre <a data-gid="gid://syiq/Company/6072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lagoon Yachts (Company)">Lagoon</a> sailing yacht <a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is on the market, listed with Pierre Vezilier of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/397239/image/large-f1bb937cf0476fd3bcdc5812056e6442.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20260617%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260617T063333Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=262c295532260cfc74c32458fc7618902efd698bf345fdbf0eacd0c8ba9d3ec2" data-gid="gid://syiq/Photo/397239">Delivered in 2024, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> features exterior design by <a data-gid="gid://syiq/Company/6073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Patrick Le Quément (Company)">Patrick Le Quément</a>, interior styling by <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a>, and naval architecture by <a data-gid="gid://syiq/Company/39" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VPLP Design (Company)">VPLP Design</a>. She was conceived with a large sail plan and an optimised hull, delivering efficient open-water performance and stability at sea.<img src="https://photo-assets.superyachttimes.com/photo/397254/image/large-5dd6261e35858f970d81b928ddaa7e07.jpg" data-gid="gid://syiq/Photo/397254"><img src="https://photo-assets.superyachttimes.com/photo/397252/image/large-c8d1bd1bbc866600bfd48dd91c2cdf50.jpg" data-gid="gid://syiq/Photo/397252">The interiors onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale</a> are laid out with a strong emphasis on privacy and generous communal areas. Warm shades of brown, blue and neutral tones run throughout both the private and shared spaces, creating a cohesive atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/397249/image/large-dba320035103ae5c7f72055143b1b08b.jpg" data-gid="gid://syiq/Photo/397249"><img src="https://photo-assets.superyachttimes.com/photo/397242/image/large-6501bd710eba06086f0cd2e755663aab.jpg" data-gid="gid://syiq/Photo/397242">The <a href="https://www.superyachttimes.com/yachts/spirit-of-ponant" target="_blank">yacht Spirit of Ponant for sale</a> can accommodate up to 12 guests across six well-appointed staterooms, with a gross tonnage of 135 GT. On deck, guests may dine alfresco in the aft area, while a hydraulic swim platform provides easy access to the sea.<img src="https://photo-assets.superyachttimes.com/photo/397255/image/large-1b4072cb4b8f209c2ca62d359f3ddbeb.jpg" data-gid="gid://syiq/Photo/397255"><a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is powered by twin <a data-gid="gid://syiq/Company/6795" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nanni industries (Company)">Nanni Industries</a> engines, giving the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=lagoon-yachts" target="_blank">Lagoon yacht for sale</a> a cruising speed of 10 knots and a top speed of 18 knots.Photo courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

catamaran yacht Spirit of Ponant for sale

The 23.27-metre Lagoon sailing yacht Spirit of Ponant is on the market.

23m catamaran Spirit of Ponant for sale

<img src="https://photo-assets.superyachttimes.com/photo/397150/image/large-843519c5d1eee2588222c47260858dee.jpg" data-gid="gid://syiq/Photo/397150">The 73.3-metre <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> superyacht <a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</a> has been spotted making her second visit to Guernsey, having first called at the island on 2 May 2016. She was seen in St Peter Port yesterday and is now en route to Gibraltar, according to AIS data.Previously known as Grace E, she was delivered in 2014 by <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> under its Picchiotti brand in Viareggio, as the largest motor yacht ever built by the shipyard. The 1,876 GT vessel features exterior design by <a data-gid="gid://syiq/Company/53" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Briand Yacht Design (Company)">Briand Yacht Design</a>, with interiors originally conceived by French designer <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Rémi Tessier</a>. She underwent a refit in 2023 with <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> at <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor (Company)">Safe Harbour</a> La Ciotat.<a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> diesel-electric engines, affording her a cruising speed of 12 knots, a top speed of 16.5 knots, and a range of 7,500 nautical miles.

73m Perini Navi superyacht Nautilus in Guernsey

The 73.3-metre Perini Navi superyacht Nautilus has been spotted making her second visit to Guernsey.

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> and <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a> have announced the delivery of the 23.96-metre <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Gentleman 24M yacht. The yacht was officially christened <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> at the shipyard in La Spezia and delivered to <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a> Chairman Tommaso Chiabra as she joins their charter fleet. <img src="https://photo-assets.superyachttimes.com/photo/397262/image/large-69463179651c336f45f621e2a3eab461.jpg" data-gid="gid://syiq/Photo/397262">Designed by <a data-gid="gid://syiq/Company/58" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luca Dini Design & Architecture (Company)">Luca Dini Design &amp; Architecture</a> in collaboration with <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Centro Stile, the <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brand was relaunched in 2022, just six months after the acquisition of the company by <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a>.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/55685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group relaunches Picchiotti brand with a new Gentleman yacht line (2022-08-03 12:00:00 +0200)">The Italian Sea Group relaunches Picchiotti brand with a new Gentleman yacht line</a><img src="https://photo-assets.superyachttimes.com/photo/397263/image/large-9d2b1e1afb8a57386a11c5c8c4b07162.jpg" data-gid="gid://syiq/Photo/397263">“We are proud to acquire this exceptional asset and to contribute to the revival of one of the most historic names in Italian shipbuilding,” commented Tommaso Chiabra, Chairman of <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a>.Inspired by the silhouette of the American yachts of the sixties, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> boasts timeless classic lines and is produced entirely in aluminium. She showcases glossy mahogany details and polished plating on her bow and the sides of her stern.<img src="https://photo-assets.superyachttimes.com/photo/397261/image/large-601aad94946cbee604189de94508e6a8.jpeg" data-gid="gid://syiq/Photo/397261">Spanning 149 GT, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> can comfortably accommodate up to six guests across a three stateroom configuration on the lower deck, with her full-beam owner’s suite situated amidships.&nbsp;“The <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Gentleman 24M has a rare quality: she feels immediately familiar, elegant and beautifully Mediterranean,” added Chiabra. “She has substance, warmth and personality; she belongs to a lineage of yachts conceived for private life at sea, while speaking naturally to the expectations of contemporary charter clients.”Conceived for Mediterranean cruising, she features plenty of open-air spaces, with a large beach club for charter living. Perfect for clients seeking privacy and charm, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> gives the feeling of a private residence on the water. <img src="https://photo-assets.superyachttimes.com/photo/397264/image/large-c0669bf9240500ea4ff1be1400818b85.jpg" data-gid="gid://syiq/Photo/397264">“<a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> carries the spirit of Janus: one gaze turned towards centuries of seafaring knowledge, the other towards those who will define the next codes of yachting,” added Gianmaria Costantino, Chief Commercial Officer of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a>.“She offers a measured threshold into the <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> world: time onboard becomes a first form of belonging, and that first encounter may quietly mature into something deeper and more personal.”<img src="https://photo-assets.superyachttimes.com/photo/397265/image/large-817d20ffb7d4c6c57e79117b435352b2.png" data-gid="gid://syiq/Photo/397265">(Images courtesy of The Italian Sea Group and Royal Yacht International.)

Gentleman: Picchiotti Gentleman 24M yacht delivered

TISG and RYI have announced the delivery of the first Picchiotti Gentleman 24M yacht, which has been christened Gentleman. 

First Picchiotti Gentleman 24M yacht delivered and christened Gentleman

The 25.13-metre <a data-gid="gid://syiq/Company/745" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JFA Yachts (Company)">JFA</a> sailing yacht <a data-gid="gid://syiq/Yacht/4057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikigai25.13m (82'5&quot;)JFA Yachts2001">Ikigai</a> is listed for auction in partnership with YachtBid and <a data-gid="gid://syiq/Company/8166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bright Auctions (Company)">Bright Auctions</a>, with bidding scheduled to take place from 24 August to 31 August 2026. The auction will commence 17:00 CEST on 24 August and conclude at 19:00 CEST on 31 August, with a starting bid of €250,000.<img src="https://photo-assets.superyachttimes.com/photo/397102/image/large-24821bba9e1a05c9dc0c4a4bf8b68c0a.jpg" data-gid="gid://syiq/Photo/397102">Delivered in 2001 by the French shipyard <a data-gid="gid://syiq/Company/745" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JFA Yachts (Company)">JFA Yachts</a>, <a data-gid="gid://syiq/Yacht/4057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikigai25.13m (82'5&quot;)JFA Yachts2001">Ikigai</a> features exterior design and naval architecture by <a data-gid="gid://syiq/Company/328" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Judel / Vrolijk & co (Company)">Judel / Vrolijk &amp; Co</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="GCA Arquitectes Associats (Company)">GCA Arquitectes Associats</a>.<img src="https://photo-assets.superyachttimes.com/photo/397099/image/large-d3134277ff497a941f78eeef0793127b.jpg" data-gid="gid://syiq/Photo/397099">Built with an aluminium hull and superstructure, the sloop-rigged yacht up for auction has a beam of 6.1-metres and a draft of 3.5-metres.The sailing yacht has benefitted from an extensive refit programme, with a €5 million rebuild completed by <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters Shipyard</a> in The Netherlands in 2018 under the project name "Take Fife,” due to the extent of the project. Further upgrades have since included re-headed rod rigging in 2022 and the installation of an identical main engine and generator in 2024.<img src="https://photo-assets.superyachttimes.com/photo/397101/image/large-ebcc23d62219cd7ce60d0a462ebb1932.jpg" data-gid="gid://syiq/Photo/397101">Designed as a performance cruiser, <a data-gid="gid://syiq/Yacht/4057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikigai25.13m (82'5&quot;)JFA Yachts2001">Ikigai</a> sports a sleek flush-deck look with wide teak decks and a spacious cockpit that encourages guests to socialise while underway. Her generous sail plan is complemented by a practical deck layout, supporting an exhilarating performance and comfortable short-handed cruising.<img src="https://photo-assets.superyachttimes.com/photo/397100/image/large-8bdc9d3d6e38c085fc40e976a246dea4.jpg" data-gid="gid://syiq/Photo/397100">Inside, <a data-gid="gid://syiq/Yacht/4057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikigai25.13m (82'5&quot;)JFA Yachts2001">Ikigai</a> blends modern comfort with classic sailing yacht elegance. Her open-plan saloon is bright and welcoming, thanks to skylights, warm wood panelling, neutral furnishings. The open-plan living area features plenty of seating and a stylish space for dining, all enhanced by the sophisticated touch of carefully curated artwork.<img src="https://photo-assets.superyachttimes.com/photo/397107/image/large-2c0b8ccd3c43cb086f91959851441863.jpg" data-gid="gid://syiq/Photo/397107">Spanning 61 GT, accommodation onboard is arranged for up to eight guests, including a spacious owner's stateroom and comfortable guest quarters. Separate accommodation is also provided for a crew of three, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/4057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikigai25.13m (82'5&quot;)JFA Yachts2001">Ikigai</a> is powered by a single <a data-gid="gid://syiq/Company/1741" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yanmar Co., Ltd. (Company)">Yanmar</a> engine that delivers a cruising speed of 12 knots.<img src="https://photo-assets.superyachttimes.com/photo/397103/image/large-3f6afa8a9eaa8750001ff18bd06b11cd.jpg" data-gid="gid://syiq/Photo/397103">Prospective buyers will have the opportunity to inspect the yacht during scheduled viewing days in Palma de Mallorca, Spain, taking place on 8 August and 29 August 2026 between 11:00 and 14:00 local time.

25m JFA sailing yacht Ikigai up for auction

 The 25m JFA sailing yacht Ikigai is up for auction with YachtBid and Bright Auctions, with bidding set to take place from 24 to 31 August 2026.

 25m JFA sailing yacht Ikigai up for auction

Recently spotted in Èze, Côte d'Azur, France, the 111-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/5661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alaiya111.0m (364'2&quot;)Lürssen Yachts2019">Alaiya</a> was delivered in 2019 as Tis. Designed to feel light, fresh and open with a classic twist, she boasts a well-balanced sheerline to create an elegant character. SuperYacht Times takes a closer look at <a data-gid="gid://syiq/Yacht/5661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alaiya111.0m (364'2&quot;)Lürssen Yachts2019">Alaiya</a> to find out more about her ownership history. <img src="https://photo-assets.superyachttimes.com/photo/397020/image/large-e841e651ed970b4171229b1c2cd6d942.jpg" data-gid="gid://syiq/Photo/397020">The project was first unveiled in September 2014 as Palo Alto, when <a data-gid="gid://syiq/Company/227" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moran Yacht & Ship (Company)">Moran Yacht &amp; Ship</a> announced her sale to a long-time charter client, who had previously chartered some of the largest yachts in the world for over seven years.&nbsp;The yacht was the largest <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> yacht to-date that <a data-gid="gid://syiq/Company/227" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moran Yacht & Ship (Company)">Moran Yacht &amp; Ship</a> had worked on, and was designed for a family-oriented owner. The construction of the yacht was overseen by the <a data-gid="gid://syiq/Company/227" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moran Yacht & Ship (Company)">Moran Yacht &amp; Ship</a> new-build team.Watch her:&nbsp;<a data-gid="gid://syiq/Article/48890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Video: Launching of 111m Lürssen superyacht TIS (2018-08-15 15:30:00 +0200)">Video: Launching of 111m Lürssen superyacht TIS</a><img src="https://photo-assets.superyachttimes.com/photo/397026/image/large-2f9af564329d4c88e425cf5bcfc54223.jpg" data-gid="gid://syiq/Photo/397026">Launched in August 2018 as Tis, the yacht features interior and exterior design by <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a>, with naval architecture penned by her German builder, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen Yachts</a>. Spanning six decks and an internal volume of 4,699 GT, <a data-gid="gid://syiq/Yacht/5661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alaiya111.0m (364'2&quot;)Lürssen Yachts2019">Alaiya</a> pairs a sleek exterior with a traditional interior style.&nbsp;Constructed at the <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> Rendsburg facility, the yacht was seen for the first time on the banks of the Nord-Ostsee Canal, before she underwent final outfitting and sea trials. Built according to the PYC code, she was described by her designer Andrew Winch as “a pinnacle of classic design”, during an <a data-gid="gid://syiq/Article/49593" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delve in deep with Andrew Winch: Founder of Winch Design (2019-02-18 16:00:00 +0100)">interview with SuperYacht Times in 2019</a>.<a data-gid="gid://syiq/Yacht/5661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alaiya111.0m (364'2&quot;)Lürssen Yachts2019">Alaiya</a> features a sophisticated interior design nicknamed ‘cashmere cream’ which adds to her timeless charm. “It’s soft, gentle and classic. You could say it has the appeal of a London hotel like Claridge's or the Ritz,” added Winch.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/49593" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delve in deep with Andrew Winch: Founder of Winch Design (2019-02-18 16:00:00 +0100)">Delve in deep with Andrew Winch: Founder of Winch Design</a><img src="https://photo-assets.superyachttimes.com/photo/397030/image/large-02f708caf92edd27a67f8a9178947595.jpg" data-gid="gid://syiq/Photo/397030">Inside, <a data-gid="gid://syiq/Yacht/5661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alaiya111.0m (364'2&quot;)Lürssen Yachts2019">Alaiya</a> boasts choices such as parquet flooring and staircases reminiscent of Chateau de Versailles. Antiquities such as De Gournay silk fabric and custom <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> sofas, armchairs and chandeliers further enhance this atmosphere. <img src="https://photo-assets.superyachttimes.com/photo/397021/image/large-60747a07d339b371d59e946525fc44ae.jpg" data-gid="gid://syiq/Photo/397021"><a data-gid="gid://syiq/Yacht/5661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alaiya111.0m (364'2&quot;)Lürssen Yachts2019">Alaiya</a> can comfortably accommodate up to 18 guests across nine staterooms, with her owner’s suite situated on its own private deck. The deck includes his-and-hers bathrooms and dressing rooms, with a massage room and a forward-facing stateroom. With 180-degree views, the owner’s suite includes fold-down balconies which extend her connection with the sea. Characterised by floral designs and cream-colored finishes, her interior evokes a sense of warmth and privacy.Her private living room showcases furniture styles from Louis XIV to Louis XVIII eras, creating a relaxed atmosphere with green-yellow hues. <a data-gid="gid://syiq/Yacht/5661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alaiya111.0m (364'2&quot;)Lürssen Yachts2019">Alaiya</a> also boasts a discreet day head concealed behind a bookcase and a modern fireplace.<img src="https://photo-assets.superyachttimes.com/photo/397024/image/large-2c1fc81bb939cc28fe792c5575484864.jpg" data-gid="gid://syiq/Photo/397024">Each of her staterooms are inspired by world locations, with colour palettes reflective of their namesakes. The main deck is home to four guest staterooms, as well as a formal office, dining room and her main saloon. The London stateroom includes a Claridges-inspired design, while Paris is adorned with elegant Fleur-de-Lis and Toile de Joie fabrics, New York captures the essence of Art Déco and Marrakech reflects the vibrant colours and textures of the Moroccan city.Moving to the lower deck, there are four additional guest staterooms, alongside a cinema and her crew accommodation for 38. The Provence stateroom uses summer hues, while the China Seas suite features greens reminiscent of oriental bamboo forests, and the Russian Dacha and Tuscany rooms mimic Russia's frosty landscapes and Italy's sun-kissed terrains.<img src="https://photo-assets.superyachttimes.com/photo/397022/image/large-a4c0f97e09aa7510840553ebcadfd3f2.jpg" data-gid="gid://syiq/Photo/397022">Key features onboard <a data-gid="gid://syiq/Yacht/5661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alaiya111.0m (364'2&quot;)Lürssen Yachts2019">Alaiya</a> include a 12-metre swimming pool on her main deck aft, two helicopter pads and a resort-inspired spa area at beach club level. Inspired by Capri, she is equipped with a sauna, icy fountain, shower, relaxation room, hammam, and massage parlor. &nbsp;Alaiya also features a year-round usable winter garden on the main deck stern, which uses climate control and a tea room, reminiscent of France's Ladurée.&nbsp;She made her debut at the <a data-gid="gid://syiq/Event/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2019">Monaco Yacht Show 2019</a> before being sold and completing a refit in Germany in 2020. Designed originally with a dark blue hull, she emerged with a beige hull under the name Lady Gulya.Read more:&nbsp;<a data-gid="gid://syiq/Article/52013" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="111m superyacht TIS renamed Lady Gulya and refitted with new beige hull (2020-11-10 17:00:00 +0100)">111m superyacht TIS renamed Lady Gulya and refitted with new beige hull</a><img src="https://photo-assets.superyachttimes.com/photo/397025/image/large-1441506c47cfd9f9573eb2819a47da7a.jpg" data-gid="gid://syiq/Photo/397025">In 2021, Lady Gulya was sold once again in an off-market deal, before she was renamed <a data-gid="gid://syiq/Yacht/5661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alaiya111.0m (364'2&quot;)Lürssen Yachts2019">Alaiya</a>. In terms of performance, <a data-gid="gid://syiq/Yacht/5661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alaiya111.0m (364'2&quot;)Lürssen Yachts2019">Alaiya</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 20V 4000 M73L diesel engines, which provide her with a top speed of 18 knots and a cruising speed of 12 knots.&nbsp;At the time of publication, AIS data shows that <a data-gid="gid://syiq/Yacht/5661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alaiya111.0m (364'2&quot;)Lürssen Yachts2019">Alaiya</a> is currently situated in Saint Tropez.

Alaiya: 111m Lürssen yacht in Èze, France

SuperYacht Times takes a closer look at the 111-metre Lürssen superyacht Alaiya in Èze, France to find out more about her sophisticated design. 

Alaiya: A closer look at the 111m Lürssen yacht in Côte d'Azur, France

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> has appointed KPMG to conduct an independent forensic due diligence review after identifying significant extra-budget costs across its order portfolio.The update comes following the immediate resignation of Chairman Filippo Menchelli and Vice Chairman Marco Carniani last week, with The Board of Directors subsequently elected Giovanni Costantino as Chairman by unanimous resolution.<img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061"><a data-gid="gid://syiq/Article/65488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group Chairman resigns; Giovanni Costantino elected as successor (2026-02-27 11:45:00 +0100)">Read:&nbsp;The Italian Sea Group Chairman resigns; Giovanni Costantino elected as successor</a>On 2 March 2026, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> stated that a preliminary internal analysis conducted by Chief Executive Officer Giovanni Costantino, together with external advisors, revealed expenditure in excess of approved project budgets during the execution of certain contracts.According to the <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">Group</a>, the overruns were made possible by a group of individuals who implemented a system designed to circumvent internal controls. The scope of those involved is still being determined.&nbsp;Among the individuals identified to date are certain senior executives who have declared responsibility for actions undertaken without the knowledge of the Chief Executive Officer, the Board of Directors or supervisory bodies. Disciplinary measures, including precautionary suspensions in some cases, have been initiated.KPMG’s review will cover the management of orders currently in progress, the internal control framework and financial management processes. An initial phase is expected to last between four and six weeks, followed by extended sampling over the subsequent two months. A preliminary red flag report is anticipated within six weeks.The total amount of extra-budget costs will be determined upon completion of the review. The <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">company</a> indicated that a significant proportion appears to have already been recognised in prior financial years. Any remaining impact relating to orders in progress will be reflected in the 2025 financial statements in accordance with applicable accounting principles.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> stated that the additional costs have contributed to a progressive erosion of its cash position, resulting in the approval of a €25 million shareholder loan on 18 February 2026. The loan was provided the following day by GC Holding S.p.A., the majority shareholder attributable to Chief Executive Officer Giovanni Costantino.Employee salaries were delayed by eight days in February due to temporary liquidity constraints, prior to receipt of the shareholder loan. A workers’ assembly subsequently resolved to undertake a two-hour strike. Discussions are underway with local authorities and trade unions. <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> does not currently expect to resort to government-supported furlough schemes.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> has also initiated discussions with banks and factoring companies to address its financial position. A first meeting with lenders is scheduled in the coming days.Given the ongoing forensic review and the need for a comprehensive accounting assessment, the timeline for approval of the 2025 financial statements will be rescheduled within statutory deadlines. The position of Manager responsible for preparing the <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>’s accounting documents remains vacant following a recent resignation, with a new appointment to be made prior to approval of the accounts.On 24 February 2026, the <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">company</a> received a payment demand from International Factor Italia S.p.A. Subsequently, the Board of Statutory Auditors and audit firm BDO submitted reports pursuant to Article 25-octies of Legislative Decree No. 14/2019, granting the Board ten days to report on corrective measures. <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> stated that it is working with legal and financial advisors to restore financial balance.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> stated that it will provide further updates as verified information becomes available, including any potential deviations from previously communicated guidance.

TISG launches forensic review after cost irregularities

The Italian Sea Group has appointed KPMG to conduct an independent forensic due diligence review.

Mergers & Acquisitions

Lürssen not considering acquiring The Italian Sea Group