Plans have been announced for <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> to acquire the <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> Shipyard in Rendsburg, Germany, following the shipyard’s application for insolvency in December 2024.<img src="https://photo-assets.superyachttimes.com/photo/208720/image/large-e7e6ae4c19219ed8e1c5ffeb77d63074.png" data-gid="gid://syiq/Photo/208720">The official announcement was made today (Friday 31 January) with Schleswig-Holstein's Prime Minister, President Daniel Günther and State Secretary for Economic Affairs Julia Carstens addressing the employees and industry stakeholders.The owners of the Rönner Group, who will continue to operate the Flensburg shipyard, introduced themselves personally to the employees. Chas Kelly, Chairman of SeaRoad Shipping from Tasmania / Australia, explained that he had placed an order with the Rönner Group to complete the shipbuilding project in Flensburg.For months, uncertainty loomed over the 140 employees at <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> following the insolvency of the <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">FSG</a>-<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> shipyard, previously owned by investor Lars Windhorst. Earlier this month it was announced that the company had received several offers from potential investors.Read: <a data-gid="gid://syiq/Article/62427" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FSG Nobiskrug in negotiations with potential investors amid insolvency (2025-01-17 15:30:00 +0100)">FSG Nobiskrug in negotiations with potential investors amid insolvency&nbsp;</a><img src="https://photo-assets.superyachttimes.com/photo/98799/image/large-9a54de6d47c002319e951295f26172fa.jpg" data-gid="gid://syiq/Photo/98799"> <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has now submitted an offer that is now awaiting approval from the creditors' committee. Should the deal proceed, the Rendsburg site would be integrated into <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s existing shipbuilding operations in Schacht-Audorf, where the company has built superyachts of up to 180 metres, since acquiring the former <a data-gid="gid://syiq/Company/714" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kröger Werft GmbH & Co (Company)">Kröger</a> shipyard in 1987.The successful outcome is credited to insolvency administrators Dr. Christoph Morgen and Hendrik Gittermann, who led negotiations amidst significant time constraints. With over 500 employees impacted by the bankruptcy, insolvency payments were only guaranteed until the end of January, increasing the urgency of securing a buyer.&nbsp;"We have managed to find two renowned strategic investors for <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">FSG</a> and <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a>within the extremely tight time frame of just seven weeks," explained Dr Christoph Morgen. "In the week following the opening of the insolvency proceedings, technical preparations will begin at the Flensburg shipyard for the Rönner Group to resume shipyard operations."Due to the considerable investment backlog, both shipyards are currently not operational. Extensive preparatory work still needs to be carried out in the coming months, which will involve obtaining TÜV authorisations and certifications, renovating buildings, setting up facilities, procuring materials and much more.<img src="https://photo-assets.superyachttimes.com/photo/194054/image/large-45f340199e017ba851e37398be4b85c3.jpg" data-gid="gid://syiq/Photo/194054">A transfer company will therefore be set up for the employees, which will ensure the transition from 1 February and enable them to gain further qualifications. Over 95 per cent of the 500 employees have contractually agreed to this procedure.The potential takeover marks a significant shift in the relationship between <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> and <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a>. The two shipyards have long maintained a spirit of mutual support. Last summer, when a fire destroyed a <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> new-build, <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> employees sent a banner signed by the workforce in solidarity. In November, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> reciprocated, delivering a similar message of support to their struggling counterparts in Rendsburg. The motto at the time was simple yet poignant: "Shipbuilding sticks together.""We are delighted that the takeover by <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has created a long-term perspective for Rendsburg. The traditional company is an excellent fit for Nobiskrug. In addition, the capacities and locations of the two shipyards complement each other almost perfectly," concluded Hendrik Gittermann.SuperYacht Times has reached out to <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> who declined to comment on the situation.

Lürssen plans to acquire Nobiskrug Shipyard amid insolvency

Sapphire and Mogambo yachts fitting out at Nobiskrug shipyard

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Nobiskrug shipyard 

Nobiskrug shipyard facility in Rensdsburg

Lürssen allegedly plans to acquire the Nobiskrug Shipyard in Rendsburg, Germany, following the shipyard’s application for insolvency in December 2024.

French catamaran builder <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> has announced a planned leadership transition, with Chief Executive Officer Nicolas Gardies set to retire in 2027 after overseeing the company's development for several years.<img src="https://photo-assets.superyachttimes.com/photo/336108/image/large-030539c248d560fb467ce7d5ce4321c0.png" data-gid="gid://syiq/Photo/336108">The governance changes come as the group, which includes the <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Sailing Catamarans, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot Yachts</a> and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands, prepares for its next phase of growth ahead of its 50th anniversary.Gardies will progressively transition his responsibilities over the coming months to ensure continuity within the business, with Deputy Chief Executive Officer Mathieu Fountaine tasked by the Board of Directors with supporting the next phase of the group's long-term development strategy.The Board has also appointed Stéven Guedeu as Deputy Chief Executive Officer. Guedeu joined the company in 2011and has held a number of commercial leadership positions in the development of both the <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands. In his new role, he will oversee the group's sales and marketing activities, while supporting the execution of its long-term strategy.After more than 20 years, Deputy Chief Executive Officer Romain Motteau’s role has not been renewed. <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> stated that Motteau will continue to oversee the group's international activities, while working on a new strategic project, which is expected to be announced in the coming months.<img src="https://photo-assets.superyachttimes.com/photo/370998/image/large-1dccbc7db8fe06ebede4b4e471e38bab.png" data-gid="gid://syiq/Photo/370998">The company has also expanded its Executive Committee, which now comprises Nicolas Gardies, Mathieu Fountaine, Stéven Guedeu, Group Industrial Director Johan Le Saux, Supply Chain &amp; IT Director Vladimir Popov, Chief Financial Officer Betty Roger, Human Resources Director Mélanie Pouplier and Group Purchasing Director Déborah Pligot.In addition, Jordan Sabot has been appointed Communication &amp; Digital Director, succeeding Hélène de Fontainieu following her 32 years with the company. Sabot will be responsible for leading the group's communications strategy, supporting its international development and accelerating its digital transformation.The governance changes follow the publication of <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a>'s first-half fiscal 2025/26 results, during which the group reported revenue of €136.3 million while maintaining positive profitability. The company said it will continue investing in product development, innovation, the energy transition and the continued growth of its Fountaine Pajot Sailing Catamarans, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Yachts and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands.

Fountaine Pajot CEO Nicolas Gardies to step down

Fountaine Pajot has announced a planned leadership transition, with Chief Executive Officer Nicolas Gardies set to retire in 2027.

Fountaine Pajot CEO Nicolas Gardies to step down following leadership transition

NextBoat has announced a strategic partnership with <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, under which the US-based boating and yacht retailer will adopt <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s AI-powered wholesale platform for the sale of its trade-in and pre-owned inventory.<img src="https://photo-assets.superyachttimes.com/photo/390341/image/large-be765afb7248df37e9b507deb714d575.jpg" data-gid="gid://syiq/Photo/390341">The agreement marks the first time that an enterprise dealer group has adopted the platform as its preferred wholesale partner. Under the arrangement, pre-owned inventory will be evaluated, marketed and sold through <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s nationwide network of wholesale buyers.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates more than 120 locations worldwide and generated more than $2.3 billion in annual revenue. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> believes the partnership will increase transaction volumes across its platform while supporting the growth of its marketplace, data and financing businesses.According to the company, the platform is designed to modernise the wholesale and trade-in process through the use of artificial intelligence, real-time transaction data and a digital marketplace. Features include AI-powered vessel valuations, nationwide wholesale bidding, transaction management tools, automated workflows, inventory analytics and integrated financing and insurance solutions.As part of the agreement, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>'s finance and insurance division, Newcoast, will provide financing and insurance services for transactions originating through the platform. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> said this has the potential to generate recurring revenue through financing activity and insurance policy renewals as transaction volumes increase.“For 15 years, I've believed the marine industry deserved the same technology, transparency and scale that transformed automotive retail,” said Jason Ruegg, Founder and Executive Chairman of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>.&nbsp;“Today, the largest and most respected company in our industry has chosen to deploy the platform we built. We believe that validation speaks not only to what NextBoat has built, but to where this industry is headed.”Ruegg added that the agreement represents the beginning of the enterprise-scale deployment of the company's platform, with financing and insurance expected to become an increasingly important source of recurring revenue.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">In May 2026, it was announced that online marine marketplace <a data-gid="gid://syiq/Article/66120" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales to rebrand as NextBoat (2026-05-19 16:45:00 +0200)">Off The Hook Yacht Sales would officially rebrand</a> as <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> Inc, effective on or about 29 May 2026. The rebrand aimed to reflect the company’s evolution from a traditional yacht brokerage business, into an AI-powered technology platform.As well as this, <a data-gid="gid://syiq/Article/66089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts completes acquisition of Apex Marine Group (2026-05-14 16:30:00 +0200)">Off The Hook Yachts announced it had completed the acquisition</a> of marine, service and storage company, Apex Marine Group. Off The Hook Yachts believes that the Apex acquisition opens the door for additional partnerships, as it expands both its sales and service platforms.Kyle Langbehn, Executive Vice President and President of Retail Operations at <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, commented: “By integrating <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s advanced technology into our pre-owned retail platform, we believe we can improve efficiency while continuing to deliver exceptional service to our customers.”

NextBoat launches strategic partnership with MarineMax 

NextBoat has announced a partnership with MarineMax for the sale of its trade-in and pre-owned inventory using its AI-powered wholesale platform.

<a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> has announced the appointment of Niels Lensen as Sales Director, effective 1 July 2026.<img src="https://photo-assets.superyachttimes.com/photo/398953/image/large-abfc046002b73174bf9884b16561e472.jpg" data-gid="gid://syiq/Photo/398953">Bringing more than three decades of experience across the yachting industry, Niels Lensen will be responsible for all commercial activities at <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> and is the new primary point of contact for yacht refits, ReCrafts, or class surveys.Lensen has worked across the industry in brokerage, new construction, surveys, management, charter, maintenance and refit roles, both in the Netherlands and the Mediterranean.&nbsp;In 2015, Lensen founded <a data-gid="gid://syiq/Company/4837" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NL Marine (Company)">NL Marine</a>, a boutique brokerage house operating between the Netherlands and the French Côte d'Azur, as well as previously holding sales directorships for <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert</a> and <a data-gid="gid://syiq/Company/359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lengers Yachts (Company)">Lengers Yachts</a> France. <img src="https://photo-assets.superyachttimes.com/photo/398954/image/large-4595b189d7933b2c017c760f19863c4b.jpg" data-gid="gid://syiq/Photo/398954">“<a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> has long set the standard for serious refit and ReCraftTM work in the Netherlands, and I am honoured to be joining the team,” explained Lensen. “The craftsmanship, the facilities in Urk, the calibre of projects that come through the yard are a compelling combination. I very much look forward to working with clients who share that same passion for doing things properly.”ReCraftTM refers to <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a>’s registered trademark and reflects their expertise in transforming existing yachts through extensive refit, redesign and technical upgrades, allowing them to restore a yacht to a condition that they believe rivals or even surpasses new-build standards.Lensen will be available throughout the 2026 yacht show season alongside the <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> team at the <a data-gid="gid://syiq/Event/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2026">Cannes Yachting Festival</a>, <a data-gid="gid://syiq/Event/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2026">Monaco Yacht Show</a>, <a data-gid="gid://syiq/Event/346" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metstrade - 2026">Metstrade</a>, <a data-gid="gid://syiq/Event/340" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale International Boat Show - 2026">Fort Lauderdale International Boat Show</a> and <a data-gid="gid://syiq/Event/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2026">Palm Beach International Boat Show</a>.

Royal Balk Shipyard appoints Niels Lensen as Sales Director

Balk Shipyard has announced the appointment of Niels Lensen as Sales Director, effective 1 July 2026.

<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> has released an updated market disclosure outlining its financial position as of 31 May 2026, providing further insight into the Italian superyacht builder's ongoing restructuring process.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">The filing, published at the request of Italian financial regulator Consob, follows <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> entry into Italy's Negotiated Crisis Settlement procedure in March after the company disclosed internal financial irregularities. It comes weeks after the builder confirmed that accumulated losses had reduced its share capital below the statutory minimum required under Italian law.Read more:&nbsp;<a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a>As of 31 May 2026, the <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG Group</a> reported a consolidated net financial debt of around €178.7 million, including over €154.6 million in bank debt and cash and cash equivalents of approximately €7.5 million. The parent company, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG S.p.A</a>, reported a net financial debt of over €179.6 million.The disclosure also details €266.8 million in overdue liabilities across the group. This comprises over €42.6 million in overdue financial liabilities, over €77.6 million in trade payables, around €98 million owed to factoring companies, over €29.3 million in tax liabilities and over €18.1 million in social security liabilities.<img src="https://photo-assets.superyachttimes.com/photo/278854/image/large-10473eb6d3fdc1c0fbd3a7cdaa4e5d83.jpg" data-gid="gid://syiq/Photo/278854">According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, although the missed repayment of certain loan instalments entitles its lending banks to declare all outstanding borrowings immediately due, they have not exercised this right while negotiations continue under the court-supervised restructuring process.The company also revealed that it has received 30 payment orders from creditors since entering the restructuring procedure on 16 March, representing claims totalling approximately €2 million. Of these, 22 have been settled for an agreed amount of €408,000, while several others have either been challenged, are under negotiation or will be addressed as part of wider financial restructuring discussions.<img src="https://photo-assets.superyachttimes.com/photo/299411/image/large-fafd2b9bd13d4cf6c4cf377a2ccb8a27.png" data-gid="gid://syiq/Photo/299411">The filing confirms that <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> remains protected by measures granted by the Court of Florence on 20 April, which remain in force until 14 July 2026. The company said these measures continue to stay enforcement actions by creditors covered by the court order while negotiations with lenders and other stakeholders progress.Read more:&nbsp;<a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a>The update also provides further details on the €25 million interest-free shareholder loan granted by <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> controlling shareholder, GC Holding S.p.A. The company said the funding was introduced after cost overruns across the majority of its yacht construction contracts reduced operating margins and placed significant pressure on cash flow while production continued on vessels under construction.The shareholder loan is subordinated to the company's bank debt and is repayable by 31 December 2032.An Ordinary Shareholders' Meeting has been convened for 22 July 2026 to consider the company's financial position and the measures required to restore its share capital.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">Moreover, the company’s Board of Directors, which met on 30 June 2026, resolved to file a petition pursuant to Article 44 of Legislative Decree No. 14/2019 (the so-called “domanda prenotativa”), in order to access protective legal measures and safeguard business continuity.The decision follows recent developments in discussion with shipowners, which the company said no longer made it possible to pursue a turnaround solely within the framework of the negotiated settlement procedure. The filing, expected to take place immediately, will allow the company to operate under court protection while preparing a restructuring plan.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> owns the <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a>, <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>, <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> and <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brands, and continues to operate its new-build and refit businesses while the restructuring process remains ongoing.

The Italian Sea Group reports financial debt

The Italian Sea Group (TISG) has released an updated market disclosure outlining its financial position as of 31 May 2026.

TISG reports over €178 million net financial debt in latest restructuring update 

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> has completed the refinancing of its $1.49 billion senior secured credit facilities.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">The company has replaced its existing loans with a new financing package designed to lower borrowing costs, increase financial flexibility and extend the repayment deadline to June 2031.The refinancing includes a $950 million inventory financing facility, a $302.5 million term loan, a $150 million revolving credit facility, which replaces a $100 million facility and an $85 million delayed draw mortgage facility, of which $35 million is currently outstanding and replaces the previous $100 million facility.“This refinancing strengthens our financial position by lowering our borrowing costs, extending our maturity and providing additional liquidity to support the continued execution of our long-term strategy,” explained Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.The financings were led by M&amp;T Bank as Administrative Agent and Joint Lead Arranger, along with Wells Fargo Commercial Distribution Finance as Joint Lead Arranger and Floor Plan Agent.“Successfully completing this transaction on improved terms in today’s marine industry environment underscores the strength of our lender relationships and reflects the confidence they have in our operating performance, disciplined capital allocation, healthy balance sheet and management team,” concluded McLamb.&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">In May 2026</a>, Reuters reported that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> was preparing for a potential sale of the company. One potential buyer had raised its offer and one prominent private equity firm was conducting due diligence, with the <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> board of directors agreeing to move forward with a sale process.Read more:&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">MarineMax explores potential sale as Donerail raises its bid</a>Headquartered in Clearwater, Florida, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates 65 marinas and storage locations, alongside 70 dealerships, offering yachts for sale, as well as marine services through its acquisition of <a data-gid="gid://syiq/Company/2184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Island Global Yachting (Company)">Island Global Yachting (IGY)</a> in 2022, as well as <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.&nbsp;

MarineMax refinances $1.49 billion credit facilities

MarineMax has completed the refinancing of its $1.49 billion senior secured credit facilities.

MarineMax refinances $1.49 billion credit facilities, extending debt maturity to 2031

Spanish refit and repair specialist <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a> has announced the appointment of Enrique Tintore as its new Commercial Director.<img src="https://photo-assets.superyachttimes.com/photo/397920/image/large-eafb40a43f57108f116704f5b6a5a5fb.jpg" data-gid="gid://syiq/Photo/397920">Tintore joins the Palma-based shipyard with a background in Marine Engineering and Naval Architecture, bringing extensive technical expertise and experience within the international superyacht sector.Prior to joining <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a>, Tintore spent nearly a decade at <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>, where he was involved in the development and delivery of several innovative projects across the company's yacht portfolio, including the first Xplorer 60 yacht <a data-gid="gid://syiq/Yacht/11078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You60.2m (197'6&quot;)Damen Yachting2025">After You</a> and her YS53 yacht support <a data-gid="gid://syiq/Yacht/12677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emotional53.25m (174'8&quot;)Damen Yachting2025">Emotional</a>.&nbsp;Read more: <a data-gid="gid://syiq/Article/64071" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting completes double delivery with Xplorer 60 After You and YS53 Emotional (2025-08-21 11:30:00 +0200)">Damen Yachting completes double delivery with Xplorer 60 After You and YS53 Emotional</a><img src="https://photo-assets.superyachttimes.com/photo/333944/image/large-076b8d514006d5235b5d3cf442ea37e6.jpg" data-gid="gid://syiq/Photo/333944">In his new role, Tintore will support <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a>'s commercial activities and strategic development as the shipyard continues to expand its position within the global superyacht refit and maintenance market.Founded in 1942, <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a> is one of the Mediterranean's leading refit facilities, providing maintenance, repair and conversion services for superyachts and commercial vessels from its facilities in Palma de Mallorca.

Enrique Tintore appointed as Commercial Director at Astilleros de Mallorca

Astilleros de Mallorca has announced the appointment of Enrique Tintore as its new Commercial Director.

Astilleros de Mallorca appoints Enrique Tintore as Commercial Director

<a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata Group’s</a> 28-metre foiling yacht, <a data-gid="gid://syiq/YachtModel/17195" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler Ghost28.0m (91'10&quot;)">Ghost</a>, will be built at the company’s new Abu Dhabi headquarters and manufacturing facility. The expansion has been announced alongside a $20 million investment in advanced production technology.<img src="https://photo-assets.superyachttimes.com/photo/378710/image/large-1fe37a7ffb6584ffd857ab156ba7776b.jpg" data-gid="gid://syiq/Photo/378710">The UAE-based manufacturer said the waterfront site will strengthen its ability to test and manufacture next-generation products, including <a data-gid="gid://syiq/YachtModel/17195" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler Ghost28.0m (91'10&quot;)">Ghost</a>. She was unveiled at the Abu Dhabi International Boat Show last year and is scheduled for launch in 2029.Read: <a data-gid="gid://syiq/Article/64805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler unveils 28m foiling yacht concept Ghost (2025-11-20 14:30:00 +0100)">Foiler unveils 28m foiling yacht concept Ghost</a>Located along 200 metres of waterfront, the new complex will be equipped with high-precision robots, gantry systems, micron-accuracy machines, and metal 3D-printing technology, supporting <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata's</a> expansion into advanced marine, aerospace, and industrial manufacturing.<img src="https://photo-assets.superyachttimes.com/photo/378707/image/large-265679a4fb63b863fa0c56522f57ed7a.jpg" data-gid="gid://syiq/Photo/378707">The move follows the company’s strategic partnership with Ajyal Holding. <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata Group</a> CEO Aloïs Vieujot commented on the expansion: "We are very proud to be moving our headquarters to Abu Dhabi. This move will expand our capabilities and capacity, and reinforces our commitment to the UAE. It also reflects the resilience of the Emirates, demonstrated time and again.”One of the key features of the 100,000-square-metre complex will be dry dock and refit capabilities for yachts of up to 60-metres, alongside facilities for other vessel types. More than 20,000-square-metres will be dedicated to marine production.<img src="https://photo-assets.superyachttimes.com/photo/378709/image/large-fdd71e2c0e5a46f9e357291dae6c5c09.jpg" data-gid="gid://syiq/Photo/378709">Moreover, the site will also house <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata’s</a> engineering and R&amp;D facilities, as well as dedicated areas for composite manufacturing, machinery, aerospace production, automotive production, and a guest experience centre. An academy and dedicated incubator space also aims to support the UAE's industrial growth and innovation across <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata’s</a> core sectors.<img src="https://photo-assets.superyachttimes.com/photo/378706/image/large-900c80410be97019a0d30f4cc2d14b86.jpg" data-gid="gid://syiq/Photo/378706">“We will place strong emphasis on innovation and partnerships through our incubator and academy, which will open within the new site to accelerate growth in the aerospace and marine industries," Aloïs concluded.Construction of the complex is scheduled to begin in summer 2026, with completion expected in 2027.

Enata new Abu Dhabi complex

Enata Group's 28-metre foiling yacht, Ghost, will be built at the company's new Abu Dhabi headquarters and manufacturing facility.


28m foiling yacht Ghost to be built in Enata’s new Abu Dhabi facility

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 rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. <img src="https://photo-assets.superyachttimes.com/photo/397066/image/large-cec8e87de7ad8613fc332951b5703d7a.jpg" data-gid="gid://syiq/Photo/397066">Last month, Czech investor KKCG Maritime submitted a request to the Italian government following Chinese shareholder Weichai Group’s decision to end CEO Alberto Galassi's 12-year tenure and replace him with Stassi Anastassov during the company’s Annual General Meeting held on 15 May 2026.Read more: <a data-gid="gid://syiq/Article/66099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions (2026-05-15 16:30:00 +0200)">Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions</a><img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. “The problem is not a fact-based problem,” explained Stassi Anastassov during a press briefing in Milan.“Nothing has really changed. I am as independent as the previous CEO was. I am totally happy if there is an investigation because there is nothing and we would support any fact-finding.”The Board of Directors appointed Anastassov, alongside Tan Ning as Chairman of the Board, Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer as minority shareholder representing Azùr a.s.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.Anastassov said the company has decided to shut down its small defence business in ⁠2024 on the basis of a unanimous decision of the previous board. “We are not actively selling anything sensitive today and there is no order intake.”

Ferretti Group denies breaching Italy’s golden power rules

Ferretti Group has rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. 

Ferretti Group denies allegations of breaching Italy’s golden power rules

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.

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).

The 27.1-metre <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> motor yacht <a data-gid="gid://syiq/Yacht/11209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Libertas27.1m (88'11&quot;)Sunseeker2021">Libertas</a> sold in a deal with Brett Noble of <a data-gid="gid://syiq/Company/4224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bush & Noble (Company)">Bush &amp; Noble</a> introducing the buyer and Brandon Brown and Spencer Brown of <a data-gid="gid://syiq/Company/8018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Brown’s International Yacht Brokerage (Company)">Brown’s International Yacht Brokerage</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/399262/image/large-11adabff7110ed0c31bddd1e2771b91a.jpg" data-gid="gid://syiq/Photo/399262">Delivered in 2021 as part of the <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> 90 Ocean series, <a data-gid="gid://syiq/Yacht/11209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Libertas27.1m (88'11&quot;)Sunseeker2021">Libertas</a> was designed in-full by her British builder <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> who were responsible for her interior and exterior design, as well as her naval architecture.&nbsp;Spanning 120 GT, <a data-gid="gid://syiq/Yacht/11209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Libertas27.1m (88'11&quot;)Sunseeker2021">Libertas</a> can comfortably accommodate up to eight guests across a four stateroom configuration on the lower deck. Libertas can also sleep a crew of four in two cabins.&nbsp;In terms of performance, <a data-gid="gid://syiq/Yacht/11209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Libertas27.1m (88'11&quot;)Sunseeker2021">Libertas</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines which provide her with a top speed of 26 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/11209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Libertas27.1m (88'11&quot;)Sunseeker2021">Libertas</a> had a last known asking price of €5,750,000.

Libertas: 27m Sunseeker 90 Ocean yacht sold

The 27.1-metre Sunseeker motor yacht Libertas sold with a last known asking price of €5,750,000.

27m Sunseeker 90 Ocean yacht Libertas sold

SuperYacht Times takes a closer look onboard the 56.75-metre <a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a> motor yacht <a data-gid="gid://syiq/Yacht/12577" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy 456.75m (186'2&quot;)Codecasa S.p.A.2026">Legacy 4</a>. Delivered earlier this year by the Italian shipyard, the 892 GT yacht showcases traditional Italian craftsmanship merged with modern onboard amenities.<img src="https://photo-assets.superyachttimes.com/photo/399180/image/large-0d054dfbc5d74dfe63f5a8d20dd061af.jpg" data-gid="gid://syiq/Photo/399180"><a data-gid="gid://syiq/Yacht/12577" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy 456.75m (186'2&quot;)Codecasa S.p.A.2026">Legacy 4</a> features exterior design by her builder <a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a>, while her classic interiors were penned by <a data-gid="gid://syiq/Company/118" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Arch. Tommaso Spadolini (Company)">Studio Arch. Tommaso Spadolini</a>. Her naval architecture was developed by <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">PierLuigi Ausonio</a>.<a data-gid="gid://syiq/Article/65949" href="https://sya.superyachttimes.com/news#managed-by-system" target="_blank"></a><img src="https://photo-assets.superyachttimes.com/photo/399183/image/large-b4ef322dbb190e00b7de9542a89426f9.jpg" data-gid="gid://syiq/Photo/399183" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Following her delivery, <a data-gid="gid://syiq/Yacht/12577" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy 456.75m (186'2&quot;)Codecasa S.p.A.2026">Legacy 4</a> offers generous interior volumes, dedicated owner spaces and long-range cruising capability. Read:&nbsp;<a data-gid="gid://syiq/Article/65949" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="57m Codecasa superyacht Legacy 4 delivered (2026-04-28 09:45:00 +0200)">57m Codecasa superyacht Legacy 4 delivered<img src="https://photo-assets.superyachttimes.com/photo/399151/image/large-e15733c39b0d47389991534aa2696dd2.jpg" data-gid="gid://syiq/Photo/399151"><img src="https://photo-assets.superyachttimes.com/photo/399182/image/large-2bff74859aa2b11c6b539be7b7b9ba91.jpg" data-gid="gid://syiq/Photo/399182"></a>Life onboard <a data-gid="gid://syiq/Yacht/12577" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy 456.75m (186'2&quot;)Codecasa S.p.A.2026">Legacy 4</a> revolves around a series of generous outdoor living areas across each of her decks, giving guests an immersive connection with the sea. Set as the main social sanctuary, her sundeck features a large rectangular mosaic Jacuzzi surrounded by blue sunpads alongside open-air lounges for uninterrupted panoramic views of the ocean.<img src="https://photo-assets.superyachttimes.com/photo/399175/image/large-5c65725948376ca73661a71e9ec45dbd.jpg" data-gid="gid://syiq/Photo/399175">Descending to her bridge deck, guests are welcomed into a sheltered space arranged with elegant woven furnishings and low tables, creating a relaxing lounge while enjoying the sea breeze.<img src="https://photo-assets.superyachttimes.com/photo/399168/image/large-48bf9dd1432938cb7cf1a25ee50bc958.jpg" data-gid="gid://syiq/Photo/399168"><img src="https://photo-assets.superyachttimes.com/photo/399172/image/large-f65bddb20a3bed7737a142e1f8f5a12a.jpg" data-gid="gid://syiq/Photo/399172">Moving to the main deck, a spacious alfresco dining area overlooks the stern, with wide side decks encouraging guests to unwind and connect to their surroundings.<a data-gid="gid://syiq/Article/65949" href="https://sya.superyachttimes.com/news#managed-by-system" target="_blank"><img src="https://photo-assets.superyachttimes.com/photo/399171/image/large-f92d14864af0176c69a8eec7bd666561.jpg" data-gid="gid://syiq/Photo/399171"></a><img src="https://photo-assets.superyachttimes.com/photo/399177/image/large-f3a9219b8a0e3bb7a87c2f2b59acfa87.png" data-gid="gid://syiq/Photo/399177">Stepping inside, <a data-gid="gid://syiq/Yacht/12577" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy 456.75m (186'2&quot;)Codecasa S.p.A.2026">Legacy 4</a> reveals a traditional and classic interior defined by polished mahogany joinery, lavish fabrics and opulent marble finishes. Large windows flood her main saloon with natural light, elevating her lounge areas framing her polished timber coffee tables. <img src="https://photo-assets.superyachttimes.com/photo/399163/image/large-15b393ac9e07517087986d3ec22d9bc0.jpg" data-gid="gid://syiq/Photo/399163">The mirrored ceiling further enhances the 892 GT yacht’s sense of space, while her dining room bestows an exquisite setting for formal meals and entertaining. Forward of the main saloon, a fully equipped bar offers an additional space for guests to socialise.<img src="https://photo-assets.superyachttimes.com/photo/399162/image/large-b5db08fc8586007a5cdd889569f7560a.jpg" data-gid="gid://syiq/Photo/399162"><img src="https://photo-assets.superyachttimes.com/photo/399155/image/large-423049d2353c17f7a4ce0599ee3f7843.jpg" data-gid="gid://syiq/Photo/399155"><img src="https://photo-assets.superyachttimes.com/photo/399156/image/large-00d684a5e019b44389998999cd62d814.jpg" data-gid="gid://syiq/Photo/399156" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Furthermore, guest accommodations onboard retain the yacht's timeless design ethos. Her full-beam owner's suite boasts oversized windows, a private seating area and an ensuite bathroom finished in polished marble.<img src="https://photo-assets.superyachttimes.com/photo/399146/image/large-783064a210887b101584cc6496edec9f.jpg" data-gid="gid://syiq/Photo/399146" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/399149/image/large-94b4ebbaedb084b127d13fe4484522e2.jpg" data-gid="gid://syiq/Photo/399149">Echoing the same refinement, her remaining guest cabins feature wood cabinetry, patterned carpets and soft furnishings, paired with marble‑clad en suites and vast walk‑in showers.<img src="https://photo-assets.superyachttimes.com/photo/399160/image/large-506940a3f9ca36e6cf6695c7b0cb6051.jpg" data-gid="gid://syiq/Photo/399160"><img src="https://photo-assets.superyachttimes.com/photo/399159/image/large-e9f4d6d1c52404d275ae4c028b6f5691.jpg" data-gid="gid://syiq/Photo/399159"><img src="https://photo-assets.superyachttimes.com/photo/399158/image/large-bbd9a91187f1947fce0c347c05032b3d.jpg" data-gid="gid://syiq/Photo/399158">Read:&nbsp;<a data-gid="gid://syiq/Article/65409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="57m Codecasa F81 superyacht Legacy 4 launched (2026-02-23 11:00:00 +0100)">57m Codecasa F81 superyacht Legacy 4 launched</a>With a beam of 10.2-metres and volume stretching at 892 GT, accommodation onboard <a data-gid="gid://syiq/Yacht/12577" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy 456.75m (186'2&quot;)Codecasa S.p.A.2026">Legacy 4</a> is arranged for up to 12 guests across six well-appointed staterooms. Dedicated quarters provide accommodation for a crew of 13, including her captain, while an elevator serves all guest decks.<img src="https://photo-assets.superyachttimes.com/photo/399145/image/large-1e19acdb0e4e2eb60aedce9d9ae792a8.jpg" data-gid="gid://syiq/Photo/399145"><img src="https://photo-assets.superyachttimes.com/photo/399157/image/large-c65a31d4dbd1b7e88de20029b7b1ed98.jpg" data-gid="gid://syiq/Photo/399157"><img src="https://photo-assets.superyachttimes.com/photo/399148/image/large-dff2f806347aaa811f2925c25dc68c8e.jpg" data-gid="gid://syiq/Photo/399148">In terms of propulsion, <a data-gid="gid://syiq/Yacht/12577" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy 456.75m (186'2&quot;)Codecasa S.p.A.2026">Legacy 4</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, propelling her to a top speed of 17 knots. Cruising comfortably at 12 knots, she offers a range of approximately 5,000 nautical miles, making her well-suited to extended voyages. Moreover, <a data-gid="gid://syiq/Company/964" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Naiad Dynamics (Company)">Naiad</a> zero-speed stabilisers enhance comfort onboard, underway and at anchor.<img src="https://photo-assets.superyachttimes.com/photo/399184/image/large-a779cfb3dcd44bf71fa50ab8a8a7d233.png" data-gid="gid://syiq/Photo/399184"><img src="https://photo-assets.superyachttimes.com/photo/399178/image/large-861c487cb85fffc1aae3ef0e5a650e39.jpg" data-gid="gid://syiq/Photo/399178" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">

Onboard the 57m Codecasa superyacht Legacy 4

Step onboard the 57m Codecasa superyacht Legacy 4 and explore her traditional Italian interiors and immersive outdoor spaces.


<a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine Group</a> has announced the launch of the fifth 54-metre <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> <a data-gid="gid://syiq/Yacht/14256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Betsy54.0m (177'2&quot;)Mangusta Yachts2026">GranSport 54</a> yacht at <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine</a>'s shipyard in Pisa, Italy. The launch ceremony took place on 24 June in the presence of the owner and their family, alongside representatives from <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> and<a data-gid="gid://syiq/Company/4977" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nicolai Yacht Consulting & Project Management (Company)">&nbsp;Nicolai Yacht Consulting</a>.<img src="https://photo-assets.superyachttimes.com/photo/399269/image/large-6ab198dc6f3fc6876019fc895f6d92d2.jpg" data-gid="gid://syiq/Photo/399269">The yacht becomes the fifth hull in the <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> GranSport 54 series. According to the shipyard, three units are already cruising in the Americas, with the latest launch further reinforcing the model's appeal in the region.Constructed with an aluminium hull and superstructure, the motor yacht has a beam of 9.01-metres and an interior volume below the 500 GT threshold.The <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> <a data-gid="gid://syiq/Yacht/14256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Betsy54.0m (177'2&quot;)Mangusta Yachts2026">GranSport 54</a> yacht features exterior design crafted by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a>, in collaboration with <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine Group</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a>, also in collaboration with her builder. Her naval architecture was developed by <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">PierLuigi Ausonio Naval Architecture</a>.On the outside, the yacht’s slender exterior is characterised by sleek lines, a sculpted stern, integrated air vents in the bulwarks and a raked windscreen linked with the roll-bar. Designed to maximise the connection with the sea, she boasts generous outdoor living areas where the indoor and outdoor spaces seamlessly flow into each other.&nbsp;Inside, expansive glazing bathes her living spaces with natural light, elevating her custom-made details and generous volumes, making her ideal for long-range cruising and comfortable stays at anchor.Spanning 499 GT, accommodation onboard is arranged for up to 12 guests across six staterooms. Separate quarters provide accommodation for a crew of nine, including the captain.In terms of propulsion, the <a data-gid="gid://syiq/Yacht/14256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Betsy54.0m (177'2&quot;)Mangusta Yachts2026">fifth Mangusta GranSport 54</a> is powered by quadruple <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, propelling her to a top speed of 29 knots and a cruising speed of 20 knots. At a cruising speed of 12 knots, she boasts a range of up to 4,200 nautical miles.

Fifth Overmaine Mangusta GranSport 54 launched

The fifth 54-metre Mangusta GranSport 54 has been launched at Overmarine Group's shipyard in Pisa, Italy.


Fifth Overmarine Mangusta GranSport 54 yacht launched

Launched in November 2025, the 45.1-metre <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> motor yacht <a data-gid="gid://syiq/Yacht/13688" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gemini45.1m (147'12&quot;)Rossinavi2026">Gemini</a> was recently spotted in Cannes, France. As the current flagship of the <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a> series, we take a closer look at the model and find out more about the all-aluminium yacht line.<img src="https://photo-assets.superyachttimes.com/photo/398676/image/large-a2ccad389b69fec828eca885d7fd4298.jpg" data-gid="gid://syiq/Photo/398676">In 2024, <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> expanded its portfolio by introducing <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a>, a new brand that marked a significant shift into the semi-custom market. This line offers five models, each ranging from 30 to 45-metres in length and designed for exploration.<img src="https://photo-assets.superyachttimes.com/photo/398682/image/large-50ecbbafa30873541e76090fe9f75a83.jpg" data-gid="gid://syiq/Photo/398682">“We realised that this segment lacked high-performance yachts with true marine capability and metal construction, akin to fully custom yachts,” explained Federico Rossi, Chief Operating Officer at <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>, during an interview with SuperYacht Times in 2024.Read more: <a data-gid="gid://syiq/Article/61029" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title='Rossinavi COO on establishing Nolimits: "The vision targets a new market segment" (2024-07-22 11:30:00 +0200)'>Rossinavi COO on establishing Nolimits: "The vision targets a new market segment"<img src="https://photo-assets.superyachttimes.com/photo/398683/image/large-554e9792a9b08518ca67980434f60dca.jpg" data-gid="gid://syiq/Photo/398683"></a><a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> made the decision to launch <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a> as a new brand rather than a line, in order to target a new market segment. “This brand provides a fleet with a high marine attitude, positioned midway between explorer and superyacht styles, categorising <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a> in the crossover segment,” added Rossi.<a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> has a dedicated area for building yachts under the <a data-gid="gid://syiq/Company/7552" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nolimits (Company)">Nolimits</a> brand and they can construct up to four units simultaneously in both Viareggio and Pisa. Designed for exploration and functionality, <a data-gid="gid://syiq/Yacht/13688" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gemini45.1m (147'12&quot;)Rossinavi2026">Gemini</a> boasts spacious interiors and a shallow draft for versatile navigation.<img src="https://photo-assets.superyachttimes.com/photo/398679/image/large-8466935199d971cc8959c35f2e61d777.jpg" data-gid="gid://syiq/Photo/398679"><a data-gid="gid://syiq/Yacht/13688" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gemini45.1m (147'12&quot;)Rossinavi2026">Gemini</a> features exterior design by <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Yacht Design</a>, while her interior was penned by <a data-gid="gid://syiq/Company/7420" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="the Touch Studio (Company)">the Touch Studio</a>, with naval architecture by <a data-gid="gid://syiq/Company/1234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arrabito Naval Architects (Company)">Arrabito Naval Architects</a>.The owner was introduced to the shipyard through <a data-gid="gid://syiq/Company/5077" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Yacht Group (Company)">The Italian Yacht Group</a>.<a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni</a> has been involved in designing multiple superyachts for <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>, including the exteriors of the 49.9-metre <a data-gid="gid://syiq/Yacht/11169" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bel149.9m (163'9&quot;)Rossinavi2024">Bel1</a>, the 49-metre <a data-gid="gid://syiq/Yacht/5953" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aurora49.06m (160'11&quot;)Rossinavi2017">Aurora</a>, and the 42.75-metre <a data-gid="gid://syiq/Yacht/12135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf X42.84m (140'7&quot;)Rossinavi2024">Seawolf X</a>.<img src="https://photo-assets.superyachttimes.com/photo/398677/image/large-ecf254515ae0febf5fc5ad3c1c868968.jpg" data-gid="gid://syiq/Photo/398677">The main deck aft of <a data-gid="gid://syiq/Yacht/13688" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gemini45.1m (147'12&quot;)Rossinavi2026">Gemini</a> includes a spacious lounge-style cockpit that extends naturally from the beach club below. Inside, there is a fusion of rigorous, geometric architecture with sculptural furnishings, alongside various wood essences, brushed metal details, linen fabrics and silk wallpapers.On the lower deck, <a data-gid="gid://syiq/Yacht/13688" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gemini45.1m (147'12&quot;)Rossinavi2026">Gemini</a>'s stern transforms into an elegant beach club, creating a direct connection to the sea. A fold-down transformer platform lowers to water level, forming a dedicated area for swimming, water sports, or boarding.<img src="https://photo-assets.superyachttimes.com/photo/398681/image/large-868ef6e33400d935af0b146cc77de6fa.jpg" data-gid="gid://syiq/Photo/398681">Just forward lies the gym, a fitness space with sea views and direct access to the water. Twin stairways link the beach club to the main deck cockpit above, creating a seamless transition between the two areas and reinforcing the yacht’s focus on open, connected living.The upper deck of <a data-gid="gid://syiq/Yacht/13688" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gemini45.1m (147'12&quot;)Rossinavi2026">Gemini</a> features a large outdoor dining area, complete with a sociable table and comfortable seating overlooking the sea. Forward on this deck, a pool surrounded by sunpads and loungers forms an open-air retreat with panoramic views over the horizon.<img src="https://photo-assets.superyachttimes.com/photo/398682/image/large-50ecbbafa30873541e76090fe9f75a83.jpg" data-gid="gid://syiq/Photo/398682">Moving up, <a data-gid="gid://syiq/Yacht/13688" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gemini45.1m (147'12&quot;)Rossinavi2026">Gemini</a>'s 110-square-metre sundeck serves as a versatile social and relaxation area. Aft, a panoramic lounge with low sofas and coffee tables offers uninterrupted sea views, while a shaded alfresco dining space sits amidships beneath the hard top.&nbsp;A central lounge area with modular seating and a fully equipped bar forms the heart of the deck, while at the bow, double sunpads provide a private setting for enjoying the sun and sea breeze.<img src="https://photo-assets.superyachttimes.com/photo/398678/image/large-67dbf721872988511cca2d8f526cd877.jpg" data-gid="gid://syiq/Photo/398678">In terms of performance, <a data-gid="gid://syiq/Yacht/13688" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gemini45.1m (147'12&quot;)Rossinavi2026">Gemini</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> C32 engines, enabling a top speed of 15 knots and a range exceeding 4,000 nautical miles at 10 knots.<img src="https://photo-assets.superyachttimes.com/photo/398675/image/large-30769ac403c61e9a4c4ec080cbc6f18a.jpg" data-gid="gid://syiq/Photo/398675">

Gemini: Rossinavi's 45m flagship Nolimits yacht in Cannes

We take a closer look at the 45.1-metre Rossinavi motor yacht Gemini, which was recently spotted in Cannes, France.

A closer look at Rossinavi's 45m flagship Nolimits yacht Gemini in Cannes

It is with great sadness that we announce the passing of former <a data-gid="gid://syiq/Company/3234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phuket Yacht Haven (Company)">Phuket Yacht Haven</a> General Manager Nick Wyatt. Nick led the Thai marina from November 2002 until November 2016.<img src="https://photo-assets.superyachttimes.com/photo/399141/image/large-b4e4a065740bf91ad8c7f8d376edbad8.jpg" data-gid="gid://syiq/Photo/399141">In a statement, <a data-gid="gid://syiq/Company/3234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phuket Yacht Haven (Company)">Phuket Yacht Haven</a> credited Wyatt with helping establish the marina as Thailand's premier superyacht facility during the industry's formative years.“Through his professionalism, leadership, and unwavering commitment to excellence, he played a pivotal role in making Yacht Haven the premier superyacht marina in Thailand and one of the most respected facilities in Southeast Asia,” the company added.Throughout his 14-year tenure, Wyatt became a familiar figure to yacht owners, captains, crew and agents visiting Phuket. The marina said he was known for overseeing everything from berth arrangements and provisioning to fuelling and logistics, while earning a reputation for his industry expertise, calm leadership and welcoming approach.<img src="https://photo-assets.superyachttimes.com/photo/399142/image/large-1659647eccfee943a66f5a67f84ccfad.jpg" data-gid="gid://syiq/Photo/399142">Beyond his operational role, Wyatt was remembered as a mentor and friend to many within the region's marine industry. The company said his generosity, humour and willingness to help left a lasting impression on the Phuket yachting community and fostered friendships that extended well beyond the marina.<a data-gid="gid://syiq/Company/3234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phuket Yacht Haven (Company)">Phuket Yacht Haven</a> also highlighted Wyatt's lasting contribution to the development of Phuket as a world-class superyacht hub, noting that the respect he earned across Thailand and Southeast Asia reflected a lifetime dedicated to the marine industry.SuperYacht Times extends its condolences to Wyatt's wife, Zara, along with his family, friends and the wider yachting community, adding that his legacy will continue through the industry and community he helped build.

Phuket yacht haven general manager nick wyatt dies

It is with great sadness that we announce the passing of former Phuket Yacht Haven General Manager Nick Wyatt.

In Memoriam: Former Phuket Yacht Haven general manager Nick Wyatt passes away

<a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> has announced the appointment Eric Boers as Director Technical Services &amp; After Sales. In the newly created role, Boers will oversee the shipyard's Project Management teams and After Sales organisation, supporting the transition from yacht construction through to delivery and into its operational life.<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/399136/image/large-2c75f22024db4d3965ff8a7b648d1b50.png?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20260703%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260703T084420Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=e28a15edd8ddbd572e5af1aaa14cc3ea689d60c4e4e53765501143971439654f" data-gid="gid://syiq/Photo/399136">According to Jeroen van der Meer, CEO of <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>, the appointment brings Project Management and After Sales under a single director, aiming to bridge the gap between construction and delivery.&nbsp;In this new role, Boers will "oversee the process from the moment a hull takes shape until the yacht is sailing with her owner, while integrating the technical knowledge gathered during construction with operational feedback from the fleet," he explained.Van der Meer added: "Crucially, this creates a two-way flow of intelligence: the technical data gathered during construction remains embedded throughout the vessel's entire lifecycle, while real-world feedback from the fleet feeds directly into our new-build process. This ensures unparalleled continuity and continuous refinement of our Northern European quality."<img src="https://photo-assets.superyachttimes.com/photo/111159/image/large-f4d924aa77ebd38fe97bc22110c1560a.jpg" data-gid="gid://syiq/Photo/111159">Boers' immediate priorities include streamlining the handover process between the shipyard and the fleet, ensuring every <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> vessel benefits from a holistic support strategy. This will also include reviving the shipyard's dedicated Captains' Events to foster ongoing, expert-led dialogue with the professionals operating <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> yachts worldwide.Boers joins <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> with more than 20 years of international experience in high-tech engineering and industrial services. Prior to joining the shipyard, he spent 12 years in senior leadership roles at Vestas, including positions as Service Director and Managing Director, before leading the after-sales division at smart energy company Alfen for the past five years.Commenting on his appointment, Boers said: "Technology and engineering are only as valuable as the support behind them. My objective is to build on <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>'s strong foundations and create a proactive department that works closely with our clients and the global captain network to provide confidence, from the first day of construction through years of cruising."Images provided courtesy of <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>.

Heesen appoints Eric Boers as Director Technical Services & After Sales

Heesen has appointed Eric Boers as Technical Services & After Sales, a newly created role overseeing Project Management and After Sales. 


The 46-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/1364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Panache46.0m (150'11&quot;)Feadship1982">Panache</a> has been listed for sale under a joint central agency with Jan Jaap Minnema and Quentin Bourgeois of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>, alongside Felix Sowerbutts and Will Christie of <a data-gid="gid://syiq/Company/6451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christie Yachts (Company)">Christie Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/399101/image/large-c16bbf8458881e71623e91b6f4063424.jpg" data-gid="gid://syiq/Photo/399101">Delivered in 1982, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> recently completed a comprehensive refit earlier this year. Benefiting from both technical and cosmetic upgrades, the 426 GT yacht is presented in turnkey condition.<img src="https://photo-assets.superyachttimes.com/photo/399116/image/large-4449e60d9af380768b2277ca7a1e736c.jpg" data-gid="gid://syiq/Photo/399116"><img src="https://photo-assets.superyachttimes.com/photo/399118/image/large-71d764f80c5afa213ba405450c42abd5.jpg" data-gid="gid://syiq/Photo/399118">Formerly named Nostalgia, she features naval architecture by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a> and exterior design by <a data-gid="gid://syiq/Company/906" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arthur de Fever (Company)">Arthur de Fever</a>. <a data-gid="gid://syiq/Yacht/1364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Panache46.0m (150'11&quot;)Feadship1982">Panache's</a> interiors are the result of a collaboration between <a data-gid="gid://syiq/Company/19" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Pinto (Company)">Alberto Pinto</a>, <a data-gid="gid://syiq/Company/128" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Larvor (Company)">Larvor</a>, and <a data-gid="gid://syiq/Company/2503" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moore Yacht Design Ltd (Company)">Moore Yacht Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/399119/image/large-bfdc04740aae2b60cb1f0d8fd5cf792a.jpg" data-gid="gid://syiq/Photo/399119"><img src="https://photo-assets.superyachttimes.com/photo/399120/image/large-dcd787a24b92d78bfe292c2c5f7a5f17.jpg" data-gid="gid://syiq/Photo/399120">Onboard, her interior design carries a soft nautical aesthetic, with warm woods complemented by shades of blue and white used throughout the soft furnishings. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale’s</a> main saloon offers a welcoming lounge area alongside a formal dining space, while forward accommodation includes the galley and the master suite.<img src="https://photo-assets.superyachttimes.com/photo/399133/image/large-8bdd1234d187cb9975bba261d1c7e306.jpg" data-gid="gid://syiq/Photo/399133"><img src="https://photo-assets.superyachttimes.com/photo/399134/image/large-18ed4d20fe5be26fbcd29c0632b46b75.jpg" data-gid="gid://syiq/Photo/399134">Guest accommodation is arranged across the lower deck, where she can sleep up to 10 guests in five well-appointed staterooms. This configuration includes two double staterooms amidships, alongside an additional double, a twin, and a single stateroom aft. With minimal modification, the existing gym can also be converted into a seventh guest cabin.<img src="https://photo-assets.superyachttimes.com/photo/399128/image/large-1a800120c1bdb22994430cd3e666aac3.jpg" data-gid="gid://syiq/Photo/399128"><img src="https://photo-assets.superyachttimes.com/photo/399129/image/large-bfcf8302e0b38e598378cdb0f49db736.jpg" data-gid="gid://syiq/Photo/399129">The <a href="https://www.superyachttimes.com/yachts/panache-46m" target="_blank">yacht Panache for sale’s</a> skylounge provides a relaxed retreat, leading directly onto the expansive bridge deck aft. Here, guests can enjoy a hot tub, full-service bar, generous sunpads, and multiple lounge areas designed for outdoor entertaining.<img src="https://photo-assets.superyachttimes.com/photo/399127/image/large-03bfbf0527e4080e559f52edd635aafc.jpg" data-gid="gid://syiq/Photo/399127"><img src="https://photo-assets.superyachttimes.com/photo/399110/image/large-f8df04480bbf25bf077a1e8d9fdef329.jpg" data-gid="gid://syiq/Photo/399110">Maintained to <a data-gid="gid://syiq/Company/7911" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's (Company)">Lloyd’s</a> class, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=feadship" target="_blank">Feadship 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, delivering a cruising speed of 12 knots and a top speed of 14 knots.<img src="https://photo-assets.superyachttimes.com/photo/399107/image/large-bcd580d4af8ccecfa1f9edbca44e7e0e.jpg" data-gid="gid://syiq/Photo/399107">

Feadship yacht Panache for sale

 The 46-metre Feadship superyacht Panache is currently on the market with Jan Jaap Minnema and Quentin Bourgeois of Fraser.

46m Feadship classic superyacht Panache for sale

The 25.15-metre <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> sailing yacht <a data-gid="gid://syiq/Yacht/11411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Champagne Hippy 25.15m (82'6&quot;)Oyster Yachts2014">Champagne Hippy</a> has been sold. Andrew Messum of <a data-gid="gid://syiq/Company/7831" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Messum Yachts (Company)">Messum Yachts</a> represented the buyer, while Tom Benson of <a data-gid="gid://syiq/Company/6296" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seymour Yachts (Company)">Seymour Yachts</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/348190/image/large-600589d75c33db802ac5c145f09ccfb8.png" data-gid="gid://syiq/Photo/348190">Delivered by <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> in 2014, she was formerly known as Polina Star III and forms part of the <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> 825 series. She features both exterior and interior design by her builder, while her naval architecture was crafted by <a data-gid="gid://syiq/Company/879" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Humphreys Yacht Design (Company)">Humphreys Yacht Design</a>.Constructed with a GRP hull and superstructure, <a data-gid="gid://syiq/Yacht/11411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Champagne Hippy 25.15m (82'6&quot;)Oyster Yachts2014">Champagne Hippy</a>&nbsp;has a beam of 6.32-metres, a draft of 3.29-metres. The sailing yacht most recently underwent a refit in the United Kingdom in 2019.With an interior volume of 80 GT, accommodation onboard is arranged for up to six guests across four well-appointed staterooms. Dedicated quarters are available for a crew of three, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/11411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Champagne Hippy 25.15m (82'6&quot;)Oyster Yachts2014">Champagne Hippy</a> is powered by a single <a data-gid="gid://syiq/Company/1470" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scania (Company)">Scania</a> engine, delivering a cruising speed of nine knots, a top speed of 12 knots. Moreover, she offers a range of 1,000 nautical miles at cruising speed.At the time of her sale, <a data-gid="gid://syiq/Yacht/11411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Champagne Hippy 25.15m (82'6&quot;)Oyster Yachts2014">Champagne Hippy</a> had a last known asking price of €3,495,000.Image courtesy of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.

 25m Oyster sailing yacht Champagne Hippy sold

The 25m Oyster sailing yacht Champagne Hippy has been sold with a last known asking price of €3,495,000.

The 33.7-metre Van der Valk explorer yacht <a data-gid="gid://syiq/Yacht/10158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="LL33.7m (110'7&quot;)Van der Valk Shipyard2021">LL</a> has been sold, with Johnny Wise of <a data-gid="gid://syiq/Company/6348" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachts360 (Company)">Yachts360</a> introducing the buyer and Barin Cárdenas of <a data-gid="gid://syiq/Company/5383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtCreators (Company)">YachtCreators</a> representing the Seller.<img src="https://photo-assets.superyachttimes.com/photo/237520/image/large-c084c715d002a492c969feb34eeb2e65.jpg" data-gid="gid://syiq/Photo/237520">Delivered in 2021, the yacht was previously named Lady Lene and features naval architecture penned by <a data-gid="gid://syiq/Company/7" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Diana Yacht Design (Company)">Diana Yacht Design</a> and <a data-gid="gid://syiq/Company/285" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ginton Naval Architects (Company)">Ginton Naval Architects</a>. Meanwhile, her interiors were created by <a data-gid="gid://syiq/Company/6544" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Carla Guilhem Design (Company)">Carla Guilhem Design</a> and exterior design crafted by <a data-gid="gid://syiq/Company/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Guido de Groot Design (Company)">Guido de Groot Design</a>.Read: <a data-gid="gid://syiq/Article/55209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Onboard: The 34m Van der Valk motor yacht Lady Lene (2022-05-25 16:00:00 +0200)">Onboard: The 34m Van der Valk motor yacht Lady Lene</a>Inside, her interiors draw inspiration from the golden age of yachting, seamlessly intertwined with the elegance of the early twentieth-century Art Deco movement. She can accommodate up to eight guests across four well-appointed staterooms, including a VIP suite situated on the bridge deck, complete with a private balcony and terrace.In terms of propulsion system, <a data-gid="gid://syiq/Yacht/10158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="LL33.7m (110'7&quot;)Van der Valk Shipyard2021">LL</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 a cruising speed of 14 knots and a top speed of 18 knots.&nbsp;<a data-gid="gid://syiq/Yacht/10158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="LL33.7m (110'7&quot;)Van der Valk Shipyard2021">LL</a> had a last known asking price of $14,950,000 at the time of her sale.

Van der Valk yacht LL sold

The 33.7-metre Van der Valk explorer yacht LL has been sold.

34m Van der Valk explorer yacht LL sold

The 26.7-metre <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert</a> sailing yacht <a data-gid="gid://syiq/Yacht/4779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ithaka Palma26.7m (87'7&quot;)Jongert Yachts2007">Ithaka Palma</a> has been sold, with Manfred Haas of <a data-gid="gid://syiq/Company/1280" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Haas International (Company)">Haas International</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/211055/image/large-a0452381c4f1de7be69519e1624b99c1.jpeg" data-gid="gid://syiq/Photo/211055">Delivered in 2007, she was previously named Ithaka and features naval architecture penned by <a data-gid="gid://syiq/Company/342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doug Peterson (Company)">Doug Peterson</a>. Meanwhile, her exterior and interior design were created in-house by her builder.At a volume of 129 GT, she can sleep up to six guests across three well-appointed staterooms comprising a master suite and two guest suites.Constructed with an aluminum hull and superstructure, <a data-gid="gid://syiq/Yacht/4779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ithaka Palma26.7m (87'7&quot;)Jongert Yachts2007">Ithaka Palma</a> has a beam of 6.58-metres and a draft of 3.05-metres. She is powered by a single <a data-gid="gid://syiq/Company/1470" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scania (Company)">Scania</a> engine, providing her with a cruising speed of 8 knots and a top speed of 10 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/4779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ithaka Palma26.7m (87'7&quot;)Jongert Yachts2007">Ithaka Palma</a> had a last known asking price of €1,950,000.Photo courtesy of <a data-gid="gid://syiq/Company/1280" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Haas International (Company)">Haas International</a>.

Jongert yacht Ithaka Palma sold

The 26.7-metre Jongert sailing yacht Ithaka Palma has been sold.

27m Jongert sailing yacht Ithaka Palma sold

<a data-gid="gid://syiq/Company/6333" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Yacht Services (Company)">FSG</a> <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> has announced that they have received several offers from potential investors, following its applications for insolvency in December 2024. <img src="https://photo-assets.superyachttimes.com/photo/208720/image/large-e7e6ae4c19219ed8e1c5ffeb77d63074.png" data-gid="gid://syiq/Photo/208720">Applications for insolvency were filed for <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> in Rendsburg and <a data-gid="gid://syiq/Company/6333" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Yacht Services (Company)">FSG</a> (Flensburger Schiffbau-Gesellschaft) in Flensburg, both owned by Lars Windhorst's Tennor Group. The companies affected included <a data-gid="gid://syiq/Company/6333" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Yacht Services (Company)">FSG</a>-<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> Holding GmbH, <a data-gid="gid://syiq/Company/6333" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Yacht Services (Company)">Flensburger</a> Schiffbau-Gesellschaft mbH, <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug Yachts</a> GmbH and <a data-gid="gid://syiq/Company/6333" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Yacht Services (Company)">FSG</a> <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> Design GmbH.Read: <a data-gid="gid://syiq/Article/62301" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug and FSG search for investors amid insolvency (2024-12-24 15:45:00 +0100)">Nobiskrug and FSG search for investors amid insolvency</a><img src="https://photo-assets.superyachttimes.com/photo/98799/image/large-9a54de6d47c002319e951295f26172fa.jpg" data-gid="gid://syiq/Photo/98799">The district courts of Flensburg and Neumünster appointed lawyers Christoph Morgen and Hendrik Gittermann as provisional insolvency administrators, with the duo confirming that several offers have been received from potential industry investors in Germany.“Negotiations with interested parties are well advanced, both for the Rendsburg and Flensburg sites,” said Gittermann. However, he cautioned that a complete and immediate resumption of production at the beginning of February under new management is unlikely, as maintenance work, TÜV inspections and insurance coverage, must be addressed before operations can fully restart.<img src="https://photo-assets.superyachttimes.com/photo/194054/image/large-45f340199e017ba851e37398be4b85c3.jpg" data-gid="gid://syiq/Photo/194054">The insolvency proceedings for the shipyard group are set to begin on 1 February, coinciding with the end of insolvency substitute benefits for the 500 employees. While potential investors are committed, they require a few more months before production can restart. To bridge the gap, all employees will need to transfer to a transitional company for up to four months, during which they will receive 80 percent of their previous net wages.“Our goal is to enable as many people as possible to continue working at the shipyards once suitable solutions are found,” said Dr Morgen. He emphasised that a decision on the investor solution must be made before the opening of insolvency proceedings on 1 February.The provisional insolvency administrators are in talks with the state government of Schleswig-Holstein regarding interim financing to prevent the closure of the shipyards during this critical period. Dr Morgen and Gittermann stressed the urgency of the situation, as the investor process remains under considerable time pressure.

FSG Nobiskrug negotiates with potential investors amid insolvency

FSG Nobiskrug has announced that they have received several offers from potential investors, following its applications for insolvency.

Business

Lürssen plans to acquire Nobiskrug Shipyard amid insolvency