<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has acquired <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">Island Global Yachting LLC</a> (<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>) for $480 million, with an additional potential earnout of up to $100 million two years after closing, subject to the achievement of defined performance metrics. <img src="https://photo-assets.superyachttimes.com/photo/217978/image/large-64744b9b43268cb81049eb951dffa500.jpg" data-gid="gid://syiq/Photo/217978"><a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> will continue to run under its branding and with Tom Mukamal, CEO of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>, and the IGY Marinas existing management team continuing to lead the growth and operations of the business. It has been forecasted that <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> will generate over $100 million of revenue in calendar 2022 for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. The acquisition is expected to close in the first half of fiscal 2023 and to be accretive within the first twelve months of closing.<img src="https://photo-assets.superyachttimes.com/photo/209501/image/large-96b66caa72d064abac47b6a07c6e38fb.jpg" data-gid="gid://syiq/Photo/209501">“We are delighted to announce our acquisition of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>, a transformative transaction for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, that significantly strengthens our ability to provide the best customer experience to yacht owners around the world,” said W. Brett McGill, Chief Executive Officer and President of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. “The addition of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> positions <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> as the preeminent leader in the superyacht industry—the only company able to offer an integrated experience coupling high-value superyacht berthing and marina services in premier locations with exclusive superyacht service offerings. Moreover, this investment continues to diversify our business mix with not only higher margins, but also a larger geographic footprint, especially in highly desired destinations in the Mediterranean and the Caribbean.”<img src="https://photo-assets.superyachttimes.com/photo/217713/image/large-ebe27837f04a2d62eee0fd715e0fc0ab.jpg" data-gid="gid://syiq/Photo/217713">Read:&nbsp;<a data-gid="gid://syiq/Article/52300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax CEO Brett McGill on the future of the industry giant (2021-03-01 12:30:00 +0100)">MarineMax CEO Brett McGill on the future of the industry giant</a>Mr. McGill continued, “We are very pleased to strategically expand with <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> and have tremendous respect for their outstanding management team for building a high-quality real estate portfolio of luxury marinas with extraordinary growth potential. <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> has experienced significant recent growth, as its brand has become sought-after by yacht owners, as well as public and private marina owners worldwide."<img src="https://photo-assets.superyachttimes.com/photo/209500/image/large-7c524839b41ba05a948214148f90b33e.jpg" data-gid="gid://syiq/Photo/209500">Read:&nbsp;<a data-gid="gid://syiq/Article/55080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas unveils the IGY Trident membership programme (2022-05-04 13:30:00 +0200)">IGY Marinas unveils the IGY Trident membership programme</a>"This investment aligns with our ongoing strategic acquisition plan, including our superyacht business, to selectively expand our service offerings with acquisitions of high growth, high margin businesses. Furthermore, we strongly believe that <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> will offer our <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 and Johnson (Company)">Northrop &amp; Johnson</a> current and future superyacht customers the opportunity to enhance their yachting experiences by providing them access to the world’s only superyacht marina network.”<img src="https://photo-assets.superyachttimes.com/photo/226037/image/large-26e68bc258e8aa0fe04cce30a1847dcf.jpg" data-gid="gid://syiq/Photo/226037">Read:&nbsp;<a data-gid="gid://syiq/Article/55614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY signs temporary concession agreement for a superyacht marina in Ibiza (2022-07-21 17:30:00 +0200)">IGY signs temporary concession agreement for a superyacht marina in Ibiza</a>“We are excited to join the <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> Family and its experienced management team,” said Tom Mukamal, CEO of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>. “<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> brings significant resources, synergies, and competitive advantages to our business, amplifying our potential for both organic and inorganic growth."<img src="https://photo-assets.superyachttimes.com/photo/226038/image/large-2e75c5c9b7b860a4001ea6caff367d81.jpeg" data-gid="gid://syiq/Photo/226038">Read:&nbsp;<a data-gid="gid://syiq/Article/54689" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title='"Consolidation in yacht brokerage is inevitable": Daniel Ziriakus of Northrop and Johnson (2022-03-03 14:00:00 +0100)'>"Consolidation in yacht brokerage is inevitable": Daniel Ziriakus of Northrop and Johnson</a>"With <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s irreplaceable destination portfolio, demonstrated track record of successful acquisitions and a robust pipeline, we are confident in our collective ability to strengthen and build on our position as the global leader in superyacht and luxury marina destinations and related services.

MarineMax acquires IGY Marinas for $480 million

IGY Portisco Marina

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Málaga San Andres Marina of IGY Marina

Málaga San Andres Marina of IGY Marinas

IGY Gacht Haven Grande – St. Thomas

IGY Yacht Club Isle De Sol – St. Maarten

MarineMax has acquired IGY Marinas for $480m, with an additional potential earnout of up to $100m two years after closing.

<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has announced their new project Scuola dei Mestieri (School of Trades), a professional training course for 18 to 30-year-olds looking to build a career in boatbuilding.<img src="https://photo-assets.superyachttimes.com/photo/263034/image/large-67848c46907f1bd04f21730f85a281ec.jpeg" data-gid="gid://syiq/Photo/263034">The course combines theory and experience in the yard, with the programme offering classroom sessions and workshops to on-the-job training in production department. The course aims to create real career opportunities for participants, such as naval carpentry, deck fitting, engine mechanics, the list goes on.The first edition of the three-month course officially launched in March, and will be held at the “Don Bosco” Professional Training Centre in Forlì. After this first stage in Forlì, the Scuola dei Mestieri will move to Mondolfo and Sarnico in September to involve more young people in the new project. As a world leader in the design, construction, and sales of luxury yachts, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> will share their expertise to the participants. The classroom courses will be held by managers and key technical experts who have worked in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.<img src="https://photo-assets.superyachttimes.com/photo/263033/image/large-8e97e43859dcc4c1858444f989e3b0af.jpeg" data-gid="gid://syiq/Photo/263033">“We see it as our duty towards the community, as well as a pleasure, to share the precious expertise acquired over the years by <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> with young people keen to embark on this adventure, which we hope will be the beginning of a fruitful and long-term career,” announced the Company. “In September, following the kick-off in Forlí, the format will be used in the Mondolfo and Sarnico yards to train carpenters and mechanics respectively. We are extremely glad to be able to contribute in this way to the formation of a new generation of skilled workers.&nbsp;The three-month course is paid as if it were an extra-curricular internship. At the end of the three months, participants will receive certificates from both the company and the local government.

Ferretti Group announces new project Scuola dei Mestieri

Ferretti Group has announced their new project Scuola dei Mestieri (School of Trades).

Strong headway has been made in Amsterdam with the forthcoming <a data-gid="gid://syiq/Company/6736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dutch Superyacht Tech Campus (Company)">Dutch Superyacht Tech Campus</a>, as construction moves forward. The first phase of the quay is being built and the process of making 22 hectares of extra land is still ongoing but taking shape quickly.&nbsp;The team will enter phase two, building docks one, two and three next month, with completion expected by June 2023. In the coming weeks, work should also commence on the quays and floating pier.<img src="https://photo-assets.superyachttimes.com/photo/263037/image/large-ecf82b72fcc7ec28f2bb7e5ce93b8313.jpg" data-gid="gid://syiq/Photo/263037">The historic 53-hectare plot of land in the western port area of Amsterdam was acquired by the investment company Larendael in November 2022 and ground was broken last summer. The <a data-gid="gid://syiq/Company/6736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dutch Superyacht Tech Campus (Company)">Dutch SuperYacht Campus</a> aims to be “the most innovative location for the construction, refit and maintenance of superyachts”.<img src="https://photo-assets.superyachttimes.com/photo/262865/image/large-2b21708ca39e03b2a1ecce729b35d85d.jpg" data-gid="gid://syiq/Photo/262865"><img src="https://photo-assets.superyachttimes.com/photo/262866/image/large-5aa49406b0b919144e62cb8bb625ca85.jpg" data-gid="gid://syiq/Photo/262866">Read:&nbsp;<a data-gid="gid://syiq/Article/53993" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dutch Superyacht Tech Campus unveiled: Construction and refit site in Amsterdam (2021-11-02 09:00:00 +0100)">Dutch Superyacht Tech Campus unveiled: Construction and refit site in Amsterdam</a>The <a data-gid="gid://syiq/Company/6736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dutch Superyacht Tech Campus (Company)">Campus</a>, located in the Amsterdam harbour, is very accessible tideless and will offer space for yachts up to 200 metres long. It has been designed to encourage specialists to work together at one location, to design and produce yachts from start to finish whilst facilitating training activities. <img src="https://photo-assets.superyachttimes.com/photo/262864/image/large-fb3fbeba2fe36682fc7c36df37e6e771.jpg" data-gid="gid://syiq/Photo/262864">Read:&nbsp;<a data-gid="gid://syiq/Article/55339" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Construction underway for the Dutch Superyacht Tech Campus in Amsterdam (2022-06-13 12:30:00 +0200)">Construction underway for the Dutch Superyacht Tech Campus in Amsterdam</a>Once completed the <a data-gid="gid://syiq/Company/6736" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dutch Superyacht Tech Campus (Company)">Campus</a> will be a site that will host numerous buildings for education, research and development, as well as innovation labs and production halls. It will also have four docks for yachts up to 200-metres in length and three for those up to 155-metres.&nbsp;An additional 40 mooring points will be available and 25 refit spots on shore, which will be serviced by a lift capable of carrying 80-metre yachts.

Dutch Superyacht Tech Campus in Amsterdam

Strong headway has been made as construction moves to the next stage for the Dutch Superyacht Tech Campus. 

Second construction phase underway at Dutch Superyacht Tech Campus in Amsterdam

Robert Lama has joined the <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> team as a Sales Consultant based out of the Fort Lauderdale office.<img src="https://photo-assets.superyachttimes.com/photo/49166/image/large-e22efe6e2a46f17cc0ded2f7ce0609ea.jpg" data-gid="gid://syiq/Photo/49166"> Lama began his career in the commercial insurance industry, purchasing a small firm and transforming it into Lama Insurance, which became one of New York’s largest brokerages. After selling the firm to First Niagara Financial Group, Rob was appointed as the company’s Senior Vice President, where he guided the Insurance Division with over $600,000,000 in annual sales. He also founded Lama Commercial Real Estate, where he negotiated site acquisitions for a number of large American retailers, including Walmart, CVS, and Rite Aid. During this time, Lama owned a yacht in Miami for his entire family to enjoy.&nbsp;After moving to Miami, Lama combined his love of yachting with his business acumen, establishing <a data-gid="gid://syiq/Company/5135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Miami International Yacht Sales LLC. (Company)">Miami International Yacht Sale</a>. Lama’s business and negotiation experience enabled him to find his niche in the sale of vessels over 30-metres. He now joins <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> in 2023 after many years of successfully running his own yacht brokerage firm. Lama takes pleasure in finding the perfect yacht for his clients, and supporting them throughout the process.&nbsp;

Robert Lama joins the IYC team

Robert Lama has joined the IYC team as a Sales Consultant based out of the Fort Lauderdale office.

<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a> (<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a>) has signed an exclusive partnership with <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> for the US market. <img src="https://photo-assets.superyachttimes.com/photo/247252/image/large-61b746cbc710710c0b918f3424926429.jpg" data-gid="gid://syiq/Photo/247252">“We have chosen <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> as a partner for the US market because we have already had the opportunity to realise that we share the same approach and enthusiasm to yachting and we both are truly committed to customer care,” Vasco Buonpensiere, co-founder and CEO of <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a>, commented.<img src="https://photo-assets.superyachttimes.com/photo/252324/image/large-827ea5d635e2cb0415deb33ca2da5470.png" data-gid="gid://syiq/Photo/252324">“We decided to team up with one of the most reputed and well-established companies in the field, <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>, which will provide forward-thinking advice and support to owners and brokers throughout the process of purchasing and managing a yacht built by <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a>.”<img src="https://photo-assets.superyachttimes.com/photo/262723/image/large-48a70d5e7986240c07053eff073e590d.jpg" data-gid="gid://syiq/Photo/262723">"<a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> will act as a real <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> sales office in the US, therefore becoming also a very important reference point for the American brokerage community which will deal with <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> on the same terms as they would deal directly with the shipyard,” Buonpensiere continued.<img src="https://photo-assets.superyachttimes.com/photo/262722/image/large-f636b226d57f16e148be52ab8eba3529.jpg" data-gid="gid://syiq/Photo/262722">

CdM signs exclusive partnership with IYC

Cantiere delle Marche (CdM) has signed an exclusive partnership with IYC for the US market.

CdM signs exclusive partnership with IYC for US market 

After attempting to meet up during a very busy boot Dusseldorf, we finally had the chance to sit down with Nick Gelevert, Founder and CEO of <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a> over Teams in early February. Nick comes from a long line of yacht brokers, his grandfather Hans Lengers founding the Netherlands’ first brokerage. Today Nick is both the CEO of the ‘first Dutch superyacht charter company’ <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a> with seven international offices and an impressive portfolio of pedigree yachts, and the Sales Director of brokerage firm <a data-gid="gid://syiq/Company/359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lengers Yachts (Company)">Lengers</a>. With expansion always on his mind, Nick has much in store for the boutique charter firm. SYT found out more. <img src="https://photo-assets.superyachttimes.com/photo/262239/image/large-028247e85db04278e4d7d6c2adfec517.jpeg" data-gid="gid://syiq/Photo/262239">With a legacy of brokerage in your family, was it always your plan to become a broker?I was born and raised in the midst of the yachting industry, and of course it came to my mind from a young age that I might work in the industry as well. My grandfather started selling yachts in the 1970s and there was also a boat building business within the family, so yachting is truly part of my family heritage. When the time came for me to start my first business however, I decided to break from the family tradition and I founded a company within the real estate industry. I think it was partly a youthful rebellion – I was only 23 – but I quickly realised that I’d made a mistake not following my passion for the yachting industry.I had been an active and competitive sailor from the age of eight, racing every week, and of course having grown up within my family, yachting was truly where my heart lay. So I &nbsp;decided to pivot the concept I’d created within the real estate industry, and do something similar within yachting. The business became <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters</a>; the first AirBnB for boats. <img src="https://photo-assets.superyachttimes.com/photo/69988/image/large-e5de394c61cf3a6b29fbcc9408e9bf14.jpg" data-gid="gid://syiq/Photo/69988">So how did an AirBnB for boats transform into a superyacht charter brokerage house?In 2015 we launched the platform and were the first in the world to do so. There were some other early adopters but we grew very quickly, operating in 63 countries with 12,000 boats available for rent. It was a successful beginning but we quickly realised that in order to become a truly profitable business, we would need a huge operational network. Boats are nothing like houses; they need work, maintenance and expansive shoreside support.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/50182/image/large-00c42362b1bed144ada7b119cd9afc4f.jpg" data-gid="gid://syiq/Photo/50182">Why do you think that the company has done so well – how do you stand out from the crowd?At the same time as I was having these thoughts, clients from Lengers were generating leads and asking questions about Boatsters and enquiring if I could assist them with yacht charter. From these leads came a very organic transition into <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a>, where we began to work with crewed yachts above 20-metres. Not long after this transition, we took Boatsters offline and I focused my energies on the development of the superyacht charter business. Since that decision we’ve opened international offices, are managing some very exciting yachts and expect to double our fleet in 2023. The company is positive and profitable and with the direction we’re currently going, we will be one of the top players in the charter industry within a few years.&nbsp;I believe that our approach is what makes us stand out. We are a boutique charter company, and we don't have aspirations to be the biggest, we want to provide the best service to a limited number of clients. We have regular contact with owners, we offer a personal concierge service for onshore support, we are incredibly active and make our clients really feel how much we value them. <img src="https://photo-assets.superyachttimes.com/photo/216778/image/large-e3b74dc8cf7cf04994e4b19dd6e7c678.jpg" data-gid="gid://syiq/Photo/216778">What has it been like breaking into an industry that has been dominated by long standing and large companies, such as&nbsp;<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a>&nbsp;or&nbsp;<a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>?When we set out we knew it would be like David and Goliath, but I have always enjoyed a challenge. My aspiration when we set out was to establish <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a> as the industry’s first Dutch charter house, just as my grandfather was the first Dutch broker. I am happy to say we’ve achieved that goal and now we are looking to the next challenge.&nbsp;The yachting industry has an obsession with being the biggest, with companies claiming ‘the biggest charter fleet’ or the most charters completed, but what does that actually mean for the client? Very likely it means an impersonal approach, with yachts being managed by a conglomerate rather than a person &nbsp;– we do not aspire to become that kind of business!&nbsp;What are your plans for the future for the business?The next stage is expansion. We’ve built a base from which the company can grow exponentially and my attention first will be to make sure that our services are the best they can be. We aren’t going to be accepting any and all boats to the fleet, but really making sure that the yacht is able to offer clients the best services, with a stable crew and good knowledge base.&nbsp;In 2022 we had a revenue of over €12 million and with an expansion into the full spectrum of services including crewing and management, I expect that to see a stable increase this year. <img src="https://photo-assets.superyachttimes.com/photo/216755/image/large-6c1f9a59bba24e5170d83edfc3039cf0.jpg" data-gid="gid://syiq/Photo/216755">Finally, what advice would you give to an aspiring entrepreneur?Firstly, focus on an aspect of this industry and be the best at that aspect. There are so many generalists within yachting and what there needs to be is more specialists. Secondly, know your product better than your client, there are too many brokers out there who don't truly understand superyachts and that does a disservice to clients and dissuades people from remaining in yachting.<img src="https://photo-assets.superyachttimes.com/photo/262241/image/large-7cb830fd8f9d3ab3775a8b19035afdb5.jpeg" data-gid="gid://syiq/Photo/262241">Nick GelevertAge: 32Nationality: DutchSales revenue last 36 months: €200 million&nbsp;Company founded: 2014This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-44" rel="noopener noreferrer" target="_blank" title="">Issue 44 of SuperYacht Times newspaper</a>.&nbsp;To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper,&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

Interview with Nick Gelevert of Boatsters Black

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

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

Turkey-based builder <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a> has announced the appointment of Ali Tanir as General Manager. Ali Tanir joins the team with almost 20 years of experience in international operations and an extensive background within the industry.<img src="https://photo-assets.superyachttimes.com/photo/262377/image/large-8d67ef81bc2b6b444f4370ddc91cba84.jpg" data-gid="gid://syiq/Photo/262377">For the past 11 years, Ali Tanir worked at various positions at <a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a> ranging from Communication and Brand Manager to Head of International Sales. Prior to joining <a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a>, Ali Tanir worked for a number of companies and institutions on the market, namely Istanbul Offshore Club, <a data-gid="gid://syiq/Company/1198" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vicem Yachts (Company)">Vicem Yachts</a>, <a data-gid="gid://syiq/Company/5761" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yuka Yacht (Company)">Yuka Yacht</a> and the UIM Class 1 Powerboating series."We strive to establish ourselves in the elite of the yachting world, and the new move will help us to achieve this," said Coskun Bayraktar, Founder and Owner of <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF Yachts</a>. "I believe Ali Tanir is the perfect executive for the role of our new General Manager and with him leading the way we will be able to realise the most daring plans."<a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a> has already delivered three 24-metre <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a> 80 catamarans since 2020 and is preparing to launch the fourth unit in the series.&nbsp;

VisionF Yachts appoints Ali Tanir as General Manager

Turkey-based builder VisionF has announced the appointment of Ali Tanir as General Manager. 

<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has acquired a 70,000 square-metre located production site in Ravenna, Italy, which was financed entirely with equity raised by the company’s listing on the Hong Kong stock exchange.<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> is a world leader in the design, construction, and sales of luxury yachts. Led by Chief Executive Officer Alberto Galassi, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> owns and manages seven shipyards across Italy and has recently announced the acquisition of a new production facility in San Vitale, province of Ravenna.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/205162/image/large-55c378269a7c50145cf5561442898726.jpeg" data-gid="gid://syiq/Photo/205162">“Ravenna is the right home for Wally sailing yachts and the expansion of our other brands, starting with the extraordinary <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> Yachts<a data-gid="gid://syiq/YachtModel/12694" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti InFYnito 9026.97m (88'6&quot;)">&nbsp;INFYNITO&nbsp;</a>range. We choose Italy again and invest not only to become stronger but also to hold the flag high for an industry that is a symbol of our country: luxury yachting and the extensive entrepreneurship and artisan craftsmanship network that is the admiration and envy of the entire world,” commented <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> CEO, &nbsp;Alberto Galassi. <img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-395cb676eccc2227c5cd58d5e78808e0.jpg" data-gid="gid://syiq/Photo/220951"><a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">The Ferretti Group</a> will invest a total cost of 80 million euros towards the 70,000 square-metre site, including a dry dock. The initial acquisition investment cost the Italian company around 40 million euros, while over the next three years, a further 40 million euros will be needed to craft new production spaces and an R&amp;D centre.&nbsp;This acquisition underpins the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group’s</a> ambitions and growth strategy, with this recent facility looking to enable them to increase their production by 20%. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group&nbsp;</a>CEO Alberto Galassi explains how this “acquisition keeps a promise” as <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> “have big plans and picture a state-of-the-art production site from every point of view: worker well-being, positive social impact, and environmental protection.” The new space is conveniently close to their Forlì headquarters and Cattolica shipyard. Other investments from the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> have included expansions across the La Spezia and Ancona Superyacht Yard, which aligns with the Italian company’s five-year growth strategy.The acquired production site has been speculated to be that of the<a data-gid="gid://syiq/Company/4643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rosetti Superyachts (Company)"> Rosetti </a>shipyard.&nbsp;

Ferretti Group expands and acquires a Ravenna site

Ferretti Group acquires a production site in Ravenna, forming part of their five-year growth strategy.



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Ferretti Group acquires 70,000 square-metre production site in Ravenna, Italy

During the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> “Road to 2030” business presentation, the Italian shipbuilder detailed its strategy toward a carbon-neutral future, confirmed its strong financial health and announced its intention to acquire <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a>.<img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-33c2013c7f70e6061b95ebfb1d89c641.png" data-gid="gid://syiq/Photo/261779">The attitudes toward luxury and yachting are changing fast in China, and <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> “expects big growth in Asia”, Massimo Perotti, Chairman and CEO of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, explained during the conference. “In the last year, we have seen two signs indicating change. The first is the Hainan Highlands – considered the monte-carlo of China – becoming a free tax zone. So the Chinese can go to Hainan Highlands and buy a yacht without paying taxes. A big achievement. Secondly, there is a programme from the government to increase the number of marinas from Hong Kong to Macau.”&nbsp;<a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> is the oldest and most established yacht dealer in Asia and the exclusive dealer of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> in the region. According to Ferruccio Rossi, Executive Director &amp; General Manager of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> currently generates around €90-100 million annually, with “growing potential” for more sales in the region. <img src="https://photo-assets.superyachttimes.com/photo/186547/image/large-027506dd02607cf9f9f97c2bd2ae425b.jpg" data-gid="gid://syiq/Photo/186547">Read:&nbsp;<a data-gid="gid://syiq/Article/54941" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="How Hong Kong could ignite a yachting boom in China (2022-04-12 14:00:00 +0200)">How Hong Kong could ignite a yachting boom in China</a>Outside of Asia and looking at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> more generally, the builder confirmed outstanding financial health with a backlog (as of 31 December 2022) cleared from Net Revenue New Yachts amounting to €1,069.6 million, compared to €915.6 million as of 31 December 2021. <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> confirmed record-breaking orders for €452.2 million beyond 2023.&nbsp;An interesting phenomenon cited in the conference was a decrease in the average <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> client. Prior to the Covid-19 outbreak, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> buyers were, on average, 56 yet post-lockdown years, this age now stands at 48 – a significant decrease that brings a “new mindset to the yachting industry”<img src="https://photo-assets.superyachttimes.com/photo/178254/image/large-41061535f69fe7ca1d2c1b710787f63e.jpeg" data-gid="gid://syiq/Photo/178254"><a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has found that their average buyer is not only younger but is now spending twice as much time on board, with estimates as high as 120 days per year. Novel technologies such as Starlink support this trend, as owners can stay connected near enough anywhere in the world.&nbsp;In regards to its sustainability mission in the superyacht sector, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> confirmed it is still on track to launch the first 50 Steel equipped with methanol fuel cells to power all on-board services next year; and in 2028, it will launch the first superyacht – another 50 Steel – to be powered solely by methanol. <img src="https://photo-assets.superyachttimes.com/photo/192118/image/large-739ebb232bb40646a582286340b4632e.jpeg" data-gid="gid://syiq/Photo/192118">Read:&nbsp;<a data-gid="gid://syiq/Article/56805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo to launch 'net-zero' superyacht in 2027 (2023-01-24 12:30:00 +0100)">Sanlorenzo to launch 'net-zero' superyacht in 2027</a>Looking forward, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> expects to see high single-digit CAGR, starting with a forecast for 2023 between €810-830 million, up by 11% from 2022. <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> also expects its margin to increase significantly, with an EBITDA margin equal to or greater than 19.5% in 2025.&nbsp;<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> plans to invest between €143-155 million over the next three years. It will also expand its current portfolio of models from 26 to 36, comprising 17 in the yacht business unit, 8 in the superyacht business unit and 11 <a data-gid="gid://syiq/Company/5648" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluegame (Company)">Bluegame</a>.&nbsp;

Sanlorenzo business report and intention to acquire Simpson Marine

Sanlorenzo announces strong financial health and the intention to acquire Simpson Marine during its “Road to 2030” business presentation. 

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Sanlorenzo announces €1b backlog and intention to acquire Simpson Marine

Austria-based builder <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> has announced it is expanding its presence in the Asian market by signing an agreement with <a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a>.<img src="https://photo-assets.superyachttimes.com/photo/243181/image/large-c6914543e6f18b57554436d3995e9c7b.jpg" data-gid="gid://syiq/Photo/243181"><a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a> will become an exclusive dealer for <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> in Singapore, Hong Kong, and Thailand, providing them with access and service to the company's full range of solar-powered catamarans for clients in those regions.<img src="https://photo-assets.superyachttimes.com/photo/255819/image/large-ba7002dd0ba0ef11a0ea9472f68f8485.jpg" data-gid="gid://syiq/Photo/255819">"<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> has pioneered and championed this now key segment of alternative powered catamarans for close to 20 years, gaining incomparable experience and developing reliable and performing solutions,” commented Eric Noyel, Founder and CEO of <a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a>.&nbsp;“We are proud to have been chosen to accompany them in this exciting development. We expect the solar electric catamarans to be a huge success in Southeast Asia. Our clients are increasingly sensitive to the environmental challenges.”<img src="https://photo-assets.superyachttimes.com/photo/261601/image/large-2ef3ffa25cc5484ab38191046f78700f.jpg" data-gid="gid://syiq/Photo/261601"><a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a> already has over 15 years of experience in the boating industry and prides itself on being the trusted, exclusive dealer of luxury yachts from leading brands across the globe. The brand also represents <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> in those territories. The partnership with <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> will further establish the group as a central player in the Asia Pacific region and is a major step forward for both companies."We are pleased to have such a reputable company as our partner in a very promising yachting region," said Michael Köhler, CEO of <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a>. "We are excited to work together and bring sustainable yachting to Asia.”<img src="https://photo-assets.superyachttimes.com/photo/243176/image/large-f3cadca624fe4cea03175a21fb4280c5.jpg" data-gid="gid://syiq/Photo/243176"><a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> currently has 28 solar electric catamarans under construction in two production sites, including the flagship Silent 120 Explorer, with the order book filled until 2024. Both <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> and <a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a> are set to take part in the Singapore Yacht Show from April 27-30, 2023.

Silent-Yachts appoints new exclusive dealer in Asia Pacific

Silent-Yachts has announced the appointment of Asiamarine as a new exclusive dealer in Asia Pacific.

Silent-Yachts appoints Asiamarine as new exclusive dealer in Asia Pacific

Today we are proud to present you the all new SuperYacht Times. Built completely afresh by our in-house team, the launch signals a new era for the SYT website. Originally launched in 2007 as the first superyacht website with daily news and a free to access superyacht database, this new version is a major step in making SuperYacht Times future proof.<img src="https://photo-assets.superyachttimes.com/photo/261421/image/large-f548f0b612a343512f8cf2bba1de823c.jpg" data-gid="gid://syiq/Photo/261421">Thanks to the flexible setup of the system we can easily adjust every page and highlight breaking news items. Furthermore we can also build fully custom ads within this framework for our clients.Besides the look and feel of the website, we have also made a major change to the content that we will cover. Of course you will still be able to find all of the content you are used to, and we will continue to be the first with new launches and breaking news, but we have now added a more in-depth level to our editorial content.As you have recently seen, we’ve branched more deeply into the technical side of yachting with the launch of the <a href="https://www.superyachttimes.com/magazine" rel="noopener noreferrer" target="_blank" title="">How to Build It</a> magazine. This content will feed into the new website with an online section updated throughout the year and dedicated to technical news, product updates and construction news. In addition to How to Build It, we have also developed several content topics;<img src="https://photo-assets.superyachttimes.com/photo/261420/image/large-4f86285194ba47950bcd58b63dd0956a.jpg" data-gid="gid://syiq/Photo/261420"><a href="https://www.superyachttimes.com/news" rel="noopener noreferrer" target="_blank" title="">News</a>As always, you can find all of the latest news first on the SuperYacht Times news section. Accuracy will continue to be the top priority for the SYT team and in the news section you will find everything we have published in chronological order.&nbsp;<a href="https://www.superyachttimes.com/yacht" rel="noopener noreferrer" target="_blank" title="">Yachts</a>Everything related to the world of superyachts, including access to SYT’s renowned superyacht fleet database which includes over 10,000 yachts over 24 metres.<a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">Yachts for Sale</a>SuperYacht Times has the largest collection of yachts for sale in the world, with more than 1,700 yachts for sale on our website right now. With the launch of the new SYT website we have developed our featured yachts for sale section, offering brokers the best positions on the website to get the most exposure for the yachts on the market.<a href="https://www.superyachttimes.com/business" rel="noopener noreferrer" target="_blank" title="">Business</a>In addition to all of the important business news from yacht builders and designers, the SYT editorial team will also report on the latest appointments, acquisitions and expansions from suppliers, brokers and more, delving deeper into the companies that make our industry tick. Subscribe for the SYT newspaper to get all the latest in-depth business features.<a href="https://www.superyachttimes.com/market" rel="noopener noreferrer" target="_blank" title="">Market</a>In our market section you will be able to find all of the latest yacht market updates, alongside unique insight from top industry experts. In this section you will also be ale to find all of the latest exclusive reports from the SYT iQ team, as well as download our annual The State of Yachting market report.<a href="https://www.superyachttimes.com/design" rel="noopener noreferrer" target="_blank" title="">Design &amp; Interior</a>&nbsp;SYT has always shared exclusive interviews with interior and exterior designers, as well as new concepts unveiled across the industry. We have now developed this important sector of the website, to include more onboard features of the newest, biggest and best yachts in the world.<a href="https://www.superyachttimes.com/how-to-build-it" rel="noopener noreferrer" target="_blank" title="">How to Build It</a>By now you will all have seen our new technical magazine How to Build It, and in the new dedicated section of the website you will be able to find out in-depth reports, supplier news and articles related to the technical side of the industry.<img src="https://photo-assets.superyachttimes.com/photo/239694/image/large-b3f9a4fef4245385ca88550126c4c443.jpg" data-gid="gid://syiq/Photo/239694"><a href="https://www.superyachttimes.com/event" rel="noopener noreferrer" target="_blank" title="">Events</a>&nbsp;&nbsp;You will be able to find a full directory of all yachting industry events on the SYT website, with a full list of exhibiting yachts and companies. You will also be able to find the top events news, be it regattas, conferences or, of course, yacht shows.&nbsp;We look forward to hearing your feedback on the new website and if there are features you would like to see in the future, we would like to hear from you so please reach out to us at <a href="mailto:news@superyachttimes.com" target="_blank">news@superyachttimes.com</a>&nbsp;&nbsp;&nbsp;

New SuperYacht Times website launched

Welcome to the new bigger and better SuperYacht Times website, with new features and more in-depth technical stories.

Welcome to the new SuperYacht Times

After spending the last two seasons cruising in Central America, <a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood</a> is set to bring her signature surfing to the sun-soaked waters of Fiji this summer. She offers an experience of a lifetime perfect for those seeking something a little more adventurous than the average yacht charter.<img src="https://photo-assets.superyachttimes.com/photo/262977/image/large-1e1e7d98437eabdd35950b694201b4f7.jpg" data-gid="gid://syiq/Photo/262977">Built in 2017 by Dutch shipyard <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> as part of the LE 180 series, <a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood</a> features exterior design by <a data-gid="gid://syiq/Company/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tim Heywood Design Ltd. (Company)">Tim Heywood</a> and interior design by <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Remi Tessier</a>, while <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> penned her naval architecture. <img src="https://photo-assets.superyachttimes.com/photo/262979/image/large-2940d0351de82aef9b7ad3f51031da9e.jpg" data-gid="gid://syiq/Photo/262979"><img src="https://photo-assets.superyachttimes.com/photo/262980/image/large-321b54236bde24bd4597a351ee35d9ab.jpg" data-gid="gid://syiq/Photo/262980"><a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Remi Tessier</a> committed to a chic “beach house” interior style, with panoramic windows sprawled throughout for plenty of natural light, and rooms that merge seamlessly with outdoor spaces. The contemporary main saloon offers plenty of seating and entertaining options, with a bar, sofas, and a formal dining table for eight. White furnishings nicely contrast the warm lighting and golden decor, creating a welcoming ambience.<img src="https://photo-assets.superyachttimes.com/photo/262988/image/large-2589eb9aa2ebd737e3913cc8b8a159d5.jpg" data-gid="gid://syiq/Photo/262988"><a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood’s</a> five-stateroom configuration is able to comfortably sleep up to 12 guests, all of which are easily convertible. The full-beam master suite benefits from a walk-in wardrobe, a separate office, and a drop-down private balcony.<img src="https://photo-assets.superyachttimes.com/photo/262982/image/large-ddc6f1a301105b7e5a84a06109eb42f0.jpg" data-gid="gid://syiq/Photo/262982"><img src="https://photo-assets.superyachttimes.com/photo/262981/image/large-0a4ae05eb52beac6a46ee3d1e5bfcd28.jpg" data-gid="gid://syiq/Photo/262981"><img src="https://photo-assets.superyachttimes.com/photo/262974/image/large-147a4260e79f6f8a0461d3599c580d63.jpg" data-gid="gid://syiq/Photo/262974"><a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood</a> is perfect for those seeking fun and adventure onboard. She offers an impressive array of tenders and toys, including a 19-metre chase boat, scuba equipment, and a slide from the sundeck to the sea, enabling guests to turn the sea into their very own personal playground. Her highly energetic crew of 13 have plenty of watersports and adventure cruising experience, with a surf instructor among the crew to enable both novices and pros to enjoy the insane collection of surfboards. <img src="https://photo-assets.superyachttimes.com/photo/262978/image/large-50b7b7d57b1db6bde5ea7da748b4d93e.jpg" data-gid="gid://syiq/Photo/262978"><img src="https://photo-assets.superyachttimes.com/photo/262972/image/large-ab25b2c800fc1437bfdaf30f6b0d3984.jpg" data-gid="gid://syiq/Photo/262972"><a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood's</a> sweeping sundeck contains an open-air cinema, a bar, and Jacuzzi, perfect for winding down after a long day of water activities. There is ample seating spread across her three decks, with sunbeds for tanning, outdoor sofas for lounging, and a shaded alfresco dining area. Her upper deck features large sofas and bespoke fire pit tables that light up the sky at cocktail hour.<img src="https://photo-assets.superyachttimes.com/photo/262985/image/large-41c06a61723a6f3fc4b43eae2ee61f70.jpg" data-gid="gid://syiq/Photo/262985"><img src="https://photo-assets.superyachttimes.com/photo/262984/image/large-5528cbbff8c8c2671258836b228e2fa8.jpg" data-gid="gid://syiq/Photo/262984">Performance-wise, the 707 GT motor yacht is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a top speed of 15.5 knots and a cruising speed of 13 knots. <a data-gid="gid://syiq/Yacht/5956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Driftwood55.0m (180'5&quot;)Amels2017">Driftwood</a> is currently available for charter with <a data-gid="gid://syiq/Company/259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Y.CO (Company)">Y.CO</a> from $340,000 per week.

Onboard Amels 55m superyacht Driftwood

The 50m Amels superyacht Driftwood is currently available for charter with Y.CO, offering accommodation for up to 12 guests.

The 29.9-metre <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a> motor yacht <a data-gid="gid://syiq/Yacht/7831" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raph Seven29.9m (98'1&quot;)Riva S.p.A.2018">Raph Seven</a> has entered the market. The <a href="https://www.superyachttimes.com/yachts/raph-seven/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht, Raph Seven for sale</a>, was delivered in 2018 as part of the <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a> 100 Corsaro series and has been well-maintained over the years.<img src="https://photo-assets.superyachttimes.com/photo/176118/image/large-68eb19ff0d7a55452dde29c413d91d79.jpg" data-gid="gid://syiq/Photo/176118"><a data-gid="gid://syiq/Yacht/7831" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raph Seven29.9m (98'1&quot;)Riva S.p.A.2018">Raph Seven</a> features clean lines with a natural and sleek, sporty profile. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> was designed by <a data-gid="gid://syiq/Company/366" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Officina Italiana Design (Mauro Micheli) (Company)">Officina Italiana Design (Mauro Micheli)</a> which were responsible for her interior and exterior design, while Riva handled her naval architecture.<img src="https://photo-assets.superyachttimes.com/photo/176117/image/large-4e8cb007f1c81526833ebf2b1dccaf15.jpg" data-gid="gid://syiq/Photo/176117"><img src="https://photo-assets.superyachttimes.com/photo/176115/image/large-dafd31fdfbb0333c48bc0cec9852006e.jpg" data-gid="gid://syiq/Photo/176115">The light-filled interior of the 130 GT <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> showcases her contemporary style, with a spacious main saloon that benefits from the large picture windows. Her formal dining area includes seating for up to six guests with unparalleled views from her large glass sliding doors that draw in plenty of natural light.<img src="https://photo-assets.superyachttimes.com/photo/176112/image/large-3812357d03bab92a133c0d9f104fd58c.jpg" data-gid="gid://syiq/Photo/176112"><a data-gid="gid://syiq/Yacht/7831" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raph Seven29.9m (98'1&quot;)Riva S.p.A.2018"><img src="https://photo-assets.superyachttimes.com/photo/176113/image/large-dea43eb3deccea81d493b600393be7d6.jpg" data-gid="gid://syiq/Photo/176113"><img src="https://photo-assets.superyachttimes.com/photo/176110/image/large-6c82402d6753d40131df7ab7931b939e.jpg" data-gid="gid://syiq/Photo/176110">Raph Seven</a> can comfortably accommodate up to 10 guests, thanks to a five stateroom configuration. This consists of a full beam master suite on the main deck with a spacious ensuite bathroom. Her remaining staterooms on the lower deck include three doubles and a single stateroom.<img src="https://photo-assets.superyachttimes.com/photo/176114/image/large-ba799fa97c9b6307182970a787aaefa6.jpg" data-gid="gid://syiq/Photo/176114"><img src="https://photo-assets.superyachttimes.com/photo/176119/image/large-0dca53ecfa514641dbee352a58c1e570.jpg" data-gid="gid://syiq/Photo/176119"><a href="https://www.superyachttimes.com/yachts/riva/for-sale" rel="noopener noreferrer" target="_blank" title="">The Riva yacht for sale</a> features a stunning sun deck area with alfresco dining options and a wet bar. Guests can enjoy the area in all weather conditions, thanks to the protection of her hard top and shading solutions.<img src="https://photo-assets.superyachttimes.com/photo/176121/image/large-b2e7dc59aee81af5b5488e0032f5f3ae.jpg" data-gid="gid://syiq/Photo/176121">Performance-wise <a data-gid="gid://syiq/Yacht/7831" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raph Seven29.9m (98'1&quot;)Riva S.p.A.2018">Raph Seven</a> is equipped with twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines that provide her with a top speed of 28 knots and a cruising speed of 24 knots. <img src="https://photo-assets.superyachttimes.com/photo/176122/image/large-29455e7264cc8bccb39e32f2ecc769c2.jpg" data-gid="gid://syiq/Photo/176122">

Riva’s 30m yacht Raph Seven for sale

Riva’s 30m motor yacht Raph Seven for sale was delivered in 2018 as part of the Riva 100 Corsaro series.

30m Riva motor yacht Raph Seven for sale

UK-based builder <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> has announced the latest edition in its S class series, the 25.43-metre Princess S80 yacht. The flagship yacht is described by the shipyard as “stylish, contemporary and seamlessly executed” and features hand-crafted finishes by <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a>’ craftspeople in Plymouth.<img src="https://photo-assets.superyachttimes.com/photo/263029/image/large-12f101308c3921ce32a87d7091080338.png" data-gid="gid://syiq/Photo/263029">The Princess S80 follows the design DNA of the S class range with sweeping lines and a single level main deck. She has been designed in-house by the team at <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> in collaboration with naval architects <a data-gid="gid://syiq/Company/2740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Olesinski Ltd. (Company)">Olesinski</a> and the Italian design house, <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina</a>.<img src="https://photo-assets.superyachttimes.com/photo/263024/image/large-d334f0d005741329f5eeff027389d108.png" data-gid="gid://syiq/Photo/263024">The Princess S80 yacht is an evolution of the S72 launched at <a data-gid="gid://syiq/Event/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="boot Düsseldorf - 2023">boot Düsseldorf 2023</a> with a striking yet elegant exterior profile. She features full-length windows along her main deck that extend to her cockpit canopy to provide a sheltered area from the sun.“The design of the elongated sleek canopy shades the forward two-thirds of this area with an optional awning taking care of the remaining third,” explained Andy Lawrence, Director of Design at <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>. The saloon glazing extends far back into the cockpit, cocooning the forward dining area to create shelter from the wind without obstructing your view.” &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/263027/image/large-b8b4af924f9bbce9aa47734edc2d288c.png" data-gid="gid://syiq/Photo/263027"><img src="https://photo-assets.superyachttimes.com/photo/263028/image/large-06f1a6d45036e1838b1059d4965c4e72.png" data-gid="gid://syiq/Photo/263028">Her versatile layout allows her to be operated and managed by her owner with the option of an enclosed helm plus crew accommodation for up to three. Her saloon is flooded with light from her panoramic windows and provides a space for seating, as well as her helm controls.<img src="https://photo-assets.superyachttimes.com/photo/263023/image/large-13b5b19f27e3996de1284c7376f842c3.png" data-gid="gid://syiq/Photo/263023"><img src="https://photo-assets.superyachttimes.com/photo/263024/image/large-d334f0d005741329f5eeff027389d108.png" data-gid="gid://syiq/Photo/263024">“The concept of the Princess S80 focuses on an uncompromising main deck sociable living space close to the water with three distinct spaces, sunbathing, lounging, and dining, usable simultaneously without conversions,” added Andy Lawrence. <img src="https://photo-assets.superyachttimes.com/photo/263026/image/large-12e3219db17c151d82d94203b09153ef.png" data-gid="gid://syiq/Photo/263026">The lower deck of the Princess S80 features four ensuite staterooms for up to eight guests, with her full-beam master suite adorned with organic furnishings and complemented by accents and finishes of natural timber. Soft lighting helps to accentuate her hand-crafted furniture and creates a contemporary but calming atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/263031/image/large-ae5dcc071a5c317d6caaf858df5f6faa.png" data-gid="gid://syiq/Photo/263031"><img src="https://photo-assets.superyachttimes.com/photo/263022/image/large-5f3dc0219acff3c5061e9d74b1f516c1.png" data-gid="gid://syiq/Photo/263022">The Princess S80 boasts impressive outdoor living areas with multiple seating areas and a wet bar with a barbecue. A converting dining table and an outdoor TV on rise and fall mechanism are also available to adapt this area for every occasion.<img src="https://photo-assets.superyachttimes.com/photo/263021/image/large-77e2a9140d338d84a6faa121fc73e48a.png" data-gid="gid://syiq/Photo/263021">Regarding propulsion, the Princess S80 yacht is equipped with twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines providing speeds up to 34 knots. There is also the option for vector fin and gyro stabilisers for greater control in challenging sea conditions.<img src="https://photo-assets.superyachttimes.com/photo/263019/image/large-b12f62c2c60d295169cdefc3131f0349.png" data-gid="gid://syiq/Photo/263019">

Princess Yachts announces flagship Princess S80 yacht

Princess Yachts has announced the new flagship in its S class series, the 25m Princess S80 yacht.

Princess Yachts announces new 25m flagship S class yacht Princess S80

A new industry initiative has been launched by the Forest Stewardship Council® (FSC) that focuses on the impact the yachting industry has on the world’s forests. The initiative encourages clear sustainability goals and open dialogues for more responsible solutions. <img src="https://photo-assets.superyachttimes.com/photo/263032/image/large-9840fc3a207fde264c781f549845604d.jpg" data-gid="gid://syiq/Photo/263032">“Yachts are an extreme luxury product, but the industry is also an important sector in the innovation of new and greener solutions for the shipbuilding industry in general,” Kristian Jørgensen, technical advisor at FSC Denmark, stated. “We often see innovation in the areas of engine technology, energy efficiency, synthetic fibres, and the direct impact of different materials on the marine environment. But the time has come to pay more attention to the timber that is used.”Timber is a staple resource for the industry, whether that’s teak decking, masts and booms, or interior outfitting – you’ll be hard-pressed to find a yacht that doesn’t make use of the material in some form. The pact set out by the FSC is committed to set standards for the origin of the timber used, to help mitigate risks against negatively impacting endangered forests and the people that live there. <img src="https://photo-assets.superyachttimes.com/photo/263015/image/large-b70e3c64fd22b16b99acf0958fc9cea6.jpg" data-gid="gid://syiq/Photo/263015">“This initiative encourages businesses to set targets which FSC, with its wide-ranging experience, supports by providing guidance and expert advice. Both in terms of the practical implementation of policies and incorporating sustainability on a wider scale than just certification,” Jørgensen continued.The FSC is encouraging the industry to choose products from sustainably managed forests to support nature, biodiversity and social development. Showing support and pledging commitment can inspire and set new standards. <img src="https://photo-assets.superyachttimes.com/photo/263018/image/large-9f67eb9883ca83206360d40c4e5e5053.jpeg" data-gid="gid://syiq/Photo/263018"><img src="https://photo-assets.superyachttimes.com/photo/263016/image/large-77da738437cffc581d6a2ec9c3242cff.png" data-gid="gid://syiq/Photo/263016">As part of the initiative, dialogues can be held about sustainability and more responsible solutions, particularly thorny when it comes to teak. “We cannot talk about this industry without talking about the sector’s historical dependence on teak from Myanmar. Yacht decking has shown itself to be the Achilles’ heel of the industry. The use of natural teak is not just justified by the luxurious look of the timber, but by the extreme technical quality of the wood,” Jørgensen added.<img src="https://photo-assets.superyachttimes.com/photo/263014/image/large-97788a8e4ebda5592fc5d0ecbde26ac9.jpg" data-gid="gid://syiq/Photo/263014">The FSC wishes to “push forward to find excellent, responsible alternatives…it can bring together operators and show the market what is possible”. This extends beyond builders to suppliers and too. All &nbsp;FSC-certified businesses offering materials or services to yacht building are invited to participate with a supplier’s profile on the website.“When FSC works on the development of policies in a sector, our experience shows that the best way to motivate people is by being clear about the solutions that are easy and close at hand. Everyone can do something immediately by using the existing products on offer. But we also have to identify better and longer-term solutions to the more complex problems across supply chains,” Jørgensen concluded.<img src="https://photo-assets.superyachttimes.com/photo/263017/image/large-675e5d0b6dd12e07fe61a0f6507ffc91.jpg" data-gid="gid://syiq/Photo/263017">You can read more about the initiative at <a href="http://www.yachtingforforests.com" target="_blank">www.yachtingforforests.com</a>&nbsp;

FSC launches Yachting for Forests initiative

A new industry initiative has been launched by the FSC that focuses on the impact the yachting industry has on the world’s forests.

FSC launches initiative to champion sustainable forestry 

<img src="https://photo-assets.superyachttimes.com/photo/263035/image/large-f3d123e61f37f25c518339d94b6b9255.jpeg" data-gid="gid://syiq/Photo/263035">Spotted here last summer, anchored on the French Riviera is the 62-metre superyacht <a data-gid="gid://syiq/Yacht/176" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Walk62.0m (203'5&quot;)Oceanco2005">Sea Walk</a>. Delivered by the Dutch shipyard <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> in 2005, she was launched under her maiden name, Lady Christina. In 2014 the yacht underwent a refit that took place at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92</a> in Barcelona. The project involved extending the main aft deck and adding a new Jacuzzi to the sundeck. The original naval architecture and exterior design were completed by <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, with the architecture, engineering, production and styling of her 2014 refit provided by <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>. Her interior is the work of <a data-gid="gid://syiq/Company/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuretti Interior Design (Company)">Zuretti Interior Design</a>. Onboard, the 1,166 GT superyacht can accommodate as many as 12 guests across six staterooms. Performance-wise, <a data-gid="gid://syiq/Yacht/176" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Walk62.0m (203'5&quot;)Oceanco2005">Sea Walk</a> can reach a top speed of 15 knots and has a 4,500 nautical mile range while cruising at 12.5 knots. She is currently listed for sale with an asking price of €34,750,000.

Superyacht Sea Walk in the South of France

The 62m superyacht Sea Walk, built by Oceanco, is seen here anchored in the South of France.

<a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA Yachts</a>, part of the <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyachts</a> network, has announced the sale of a new bespoke 66-metre project to be built in Ancona. The superyacht has been sold to a European customer.&nbsp;The sold superyacht features naval engineering by <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyachts</a>, exterior design by <a data-gid="gid://syiq/Company/289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vallicelli Design (Company)">Vallicelli studio</a>, and interior design by <a data-gid="gid://syiq/Company/19" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Pinto (Company)">Pinto</a>, who worked collaboratively on this unique project. This design partnership has worked together on other yacht designs in the past, including the 66-metre <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA&nbsp;</a>timeless icon <a data-gid="gid://syiq/Yacht/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Okto66.4m (217'10&quot;)ISA Yachts2014">Okto</a>.<img src="https://photo-assets.superyachttimes.com/photo/262990/image/large-b85df92631b335000a68d63f10b11d72.jpg" data-gid="gid://syiq/Photo/262990">With a steel hull and aluminum superstructure, <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> Custom 66-metre superyachts will be characterised by a dynamic profile with the typical <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> hallmark of the three arches connecting the decks. Additionally, the beach club will have the ability to be an open platform to transform the aft deck lower-level space into an expansive living area equipped with a gym, lounge, and spa meeting all the needs of those onboard. <img src="https://photo-assets.superyachttimes.com/photo/262989/image/large-916b188f2fa3d77576898637ab701c33.jpg" data-gid="gid://syiq/Photo/262989">“This new construction is the result of the constant work that our shipyard has undertaken since 2016 when we acquired the Ancona facility together with the <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> brand. Excellence is our ultimate goal in everything we do and I would like to thank all the clients who have placed their trust in <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyach</a><a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">ts&nbsp;</a>and all the commercial and production teams who work alongside me daily. We have many exciting challenges ahead of us and we will face them with the concreteness that has guided and distinguished us up to now,” commented Giuseppe Palumbo, founder and Sole Director of <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyachts.</a><img src="https://photo-assets.superyachttimes.com/photo/54846/image/large-ebbed71972f89409498ba2ed51f8aada.jpg" data-gid="gid://syiq/Photo/54846">The sold superyacht is currently under construction at <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumb</a><a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">o Superyachts</a> shipyards, where there are several other superyachts being built.

66m ISA custom build superyacht sold

A custom ISA 66-metre superyacht has been sold to a European customer and is set to be built in the Palumbo Superyachts shipyard.

New custom 66m ISA superyacht sold 

Istanbul-based builder <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a> has announced the sale of the 49.9-metre <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 163 yacht Eternal Spark. The motor yacht was sold last year with Matija Longin from <a data-gid="gid://syiq/Company/6710" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyachts Croatia (Company)">SuperYachts Croatia</a> and Berkay Yilmaz, Commercial Director of <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a> facilitating the sale.<img src="https://photo-assets.superyachttimes.com/photo/262967/image/large-b22c065174b3c554fc08e2d07fb59379.jpg" data-gid="gid://syiq/Photo/262967">Eternal Spark features exterior design and naval architecture by <a data-gid="gid://syiq/Company/4305" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unique Yacht Design (Company)">Unique Yacht Design</a> with interiors by the <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a> team, which used precious materials to create a modern, rich and warm interior design.<img src="https://photo-assets.superyachttimes.com/photo/262970/image/large-32fdaa6f3643d5e5b826bf9b4d8e4665.jpg" data-gid="gid://syiq/Photo/262970">“We foresee a further enhancement in the distinctive signature of <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a>. The new 163 series is one of our most ambitious projects and a perfect example of what we can offer to our clients,” commented <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a>’ CEO, İsmail Şengün.<img src="https://photo-assets.superyachttimes.com/photo/262968/image/large-68f292e4e9ece62a68d5574594ba7395.jpg" data-gid="gid://syiq/Photo/262968">Eternal Spark can comfortably accommodate up to 12 guests across six staterooms with a balanced harmony created in the living areas, thanks to her natural colours, large windows and high-gloss materials.Read: <a data-gid="gid://syiq/Article/56490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin 163: A first look at the interiors of the second 50m superyacht (2022-12-02 10:30:00 +0100)">Bilgin 163: A first look at the interiors of the second 50m superyacht<img src="https://photo-assets.superyachttimes.com/photo/262969/image/large-32ae019d191f1bfa93eb2db356eb2a88.jpg" data-gid="gid://syiq/Photo/262969"></a>Some of the standout interior features of the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 163 yacht include the full-height round glass wall that separates the lobby from the main living room, her floating staircase, the skylight on the sundeck floor and a luxurious chandelier in the main lobby.“Bilgin 163 follows the studio’s new philosophy ‘Architecture for Voyagers’ and focuses on the cleanliness of architectural volumes, and a renewed sense for a softness of lines. A plastic minimalism, sober, but rich in details,” added Enrico Lumini, Partner and Head of Design at <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a>.<img src="https://photo-assets.superyachttimes.com/photo/262966/image/large-37b0b45a9911c628d3a7693b9feef027.jpg" data-gid="gid://syiq/Photo/262966">Eternal Spark is able to accommodate the needs of all her guests onboard with gymnasium equipment, a full indoor cinema, an outdoor cinema and a custom-built chase boat. Another particular highlight of Eternal Spark is her sunken-level beach club, the pinnacle of bespoke yacht design, incorporating a sauna, an ice fountain, and a lounge area with a wet bar.&nbsp;Eternal Spark has an expected delivery date of 2023 and will make her world debut at the <a data-gid="gid://syiq/Event/182" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2023">Monaco Yacht Show</a>.

50m Bilgin 163 yacht Eternal Spark sold

Bilgin Yachts has announced the sale of the 50m Bilgin 163 yacht Eternal Spark. She has an expected delivery date of 2023.

50m Bilgin superyacht Eternal Spark sold and on schedule for 2023 delivery

Delivered in 2002 from France, the 31.7-metre <a data-gid="gid://syiq/Company/416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocea (Company)">Ocea</a> <a href="https://www.superyachttimes.com/yachts/espiritu-santo/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Espiritu Santo for sale</a> has entered the market in great condition. She was originally built for a highly experienced owner and has been well maintained over the years.<img src="https://photo-assets.superyachttimes.com/photo/176465/image/large-b9548812bfa5c05fbfbe5b7e719919bc.jpg" data-gid="gid://syiq/Photo/176465"><a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> was designed by the renowned and highly regarded <a data-gid="gid://syiq/Company/417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Joubert Nivelt Design (Company)">Joubert-Nivelt</a> who penned her exterior design, while <a data-gid="gid://syiq/Company/973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flahault Design & Associes (Company)">Olivier Flahault</a> took care of her interior design. The aluminium <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> is a proven transatlantic cruiser with multiple voyages completed in Alaska.<img src="https://photo-assets.superyachttimes.com/photo/262845/image/large-1342f9c97d9d6a5508b8ead4658bb24d.png" data-gid="gid://syiq/Photo/262845"><img src="https://photo-assets.superyachttimes.com/photo/262844/image/large-07e48f2c967c1840cc50e8f27a7f6ae3.png" data-gid="gid://syiq/Photo/262844"><img src="https://photo-assets.superyachttimes.com/photo/262846/image/large-ed01851ae07f45d2ccbc6320f1f8bbec.png" data-gid="gid://syiq/Photo/262846">The 210 GT <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> features a classical interior design with an abundance of wood and a natural colour palette. Her spacious main saloon leads to her dining room with a large table and seating for up to eight guests for formal meals.<img src="https://photo-assets.superyachttimes.com/photo/262850/image/large-6da26272175bb296f8143dfa8832af7c.png" data-gid="gid://syiq/Photo/262850"><img src="https://photo-assets.superyachttimes.com/photo/262851/image/large-09be86fa37d2e47623273a5392d4ce84.png" data-gid="gid://syiq/Photo/262851"><img src="https://photo-assets.superyachttimes.com/photo/262848/image/large-c711e36895a691f8c63dd07e5a951008.png" data-gid="gid://syiq/Photo/262848"><a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> can comfortably accommodate up to eight guests across four sumptuous staterooms, consisting of a full-beam master suite on the main deck with a king-sized bed, desk area and his-and-hers ensuite bathrooms.<img src="https://photo-assets.superyachttimes.com/photo/262858/image/large-e1178186f1df4a23f2f685633f396ac3.png" data-gid="gid://syiq/Photo/262858"><img src="https://photo-assets.superyachttimes.com/photo/262859/image/large-9f7f75f80d05f3b74721d9caf4cca9b4.png" data-gid="gid://syiq/Photo/262859"><img src="https://photo-assets.superyachttimes.com/photo/262857/image/large-3433fbab6b75e901536b3956d5ff5481.png" data-gid="gid://syiq/Photo/262857">The remaining staterooms of the <a href="https://www.superyachttimes.com/yachts/ocea/for-sale" rel="noopener noreferrer" target="_blank" title="">Ocea yacht for sale</a> include a VIP, a double and a twin stateroom, all with ensuite bathrooms. <a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> is also able to sleep a crew of four across two cabins.The main saloon of <a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> flows outside to the aft deck and has adjustable tables for alfresco dining or enjoying cocktail hour. A forward deck has benches for sitting in the sun with a view over the bow of the yacht.<img src="https://photo-assets.superyachttimes.com/photo/262853/image/large-b59b11149f602ceaffa63716b4f85557.png" data-gid="gid://syiq/Photo/262853"><img src="https://photo-assets.superyachttimes.com/photo/262854/image/large-1eb8328a2ae9119c0250a4f7987ee8db.png" data-gid="gid://syiq/Photo/262854">Above the main saloon of <a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> is the pilothouse, with comfortable seating arrangements for guests to enjoy. She also has a small skylounge and a bridge deck to the aft, as well as another alfresco dining area. <img src="https://photo-assets.superyachttimes.com/photo/262843/image/large-057d3265a9d9e35dea0cba3df056cd88.png" data-gid="gid://syiq/Photo/262843"><img src="https://photo-assets.superyachttimes.com/photo/262842/image/large-82c868e06c8fa4cd6162095705e80641.png" data-gid="gid://syiq/Photo/262842"><a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> is equipped with dual <a data-gid="gid://syiq/Company/1883" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baudouin (Company)">Baudouin</a> engines which propel her to a cruising speed of 10 knots and a top speed of 13 knots.<img src="https://photo-assets.superyachttimes.com/photo/262836/image/large-243077c4b00480da0856e1adefa5931e.png" data-gid="gid://syiq/Photo/262836">

Ocea’s 32m yacht Espiritu Santo for sale

Ocea’s 32m yacht Espiritu Santo for sale was delivered in 2002 from France and has been well maintained over the years.

32m Ocea motor yacht Espiritu Santo for sale

When news broke in July 2019 that <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> had been acquired by the US’ largest boat dealer, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, from the <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti Group</a>, the superyacht industry sat up and took note. Here, we sit down with CEO Brett McGill to learn what is next in the pipeline.<img src="https://photo-assets.superyachttimes.com/photo/184962/image/large-c9755869f8bda2423ae7ccebcf3e0061.jpg" data-gid="gid://syiq/Photo/184962">Not only did the move add the <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti&nbsp;</a>Class of yachts to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s motor yacht offering, but also “dramatically increase [<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s] presence and strength in the strategically important superyacht category'” according to a statement released at the time from CEO Brett McGill. And, as if that wasn’t enough to get the industry talking, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> hit the headlines once again through its purchase of brokerage house <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> in July this year.&nbsp;With a revenue of $1.1 billion for the nine months ending in June 2020 reported by <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> in its results for the third quarter (an increase of approximately 20% compared to the same period in 2019) and a net income for these same months of $49.1 million (an increase of 67% compared to the previous year), the stock-listed company – which went public in 1998 and is headquartered in Clearwater, Florida – could certainly be described as something of a ‘big dog’ in comparison to the rest of the industry.&nbsp;These impressive figures, however, do not mean that there is anything impersonal about <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. CEO Brett McGill replaced his father, Bill McGill, in the role in 2018, with his father maintaining his position as Executive Chairman. Speaking to the younger McGill today, it’s apparent that his passion for boating and being on the water began at home. <img src="https://photo-assets.superyachttimes.com/photo/26059/image/large-048969591068b3c21a36c0176657ae02.jpg" data-gid="gid://syiq/Photo/26059">A family affair&nbsp;“My father started in the boat business well over 40 years ago, so I grew up within it. He established a company called Gulfwind Marine on the west coast of Florida and started selling <a data-gid="gid://syiq/Company/5716" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Ray Boats (Company)">Sea Ray</a> boats literally on a rundown gas station, growing that into the largest <a data-gid="gid://syiq/Company/5716" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Ray Boats (Company)">Sea Ray&nbsp;</a>dealer in the country. He then got together with other dealers to form the larger company, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.“I grew up washing boats, delivering boats, doing everything there could be to do on a boat dealership property during evenings and weekends. When I was younger, I probably didn’t love it, but it was such an invaluable experience.” Following this early immersion in all things boating, McGill gained a degree in computer science before getting his first job with a software development firm, Integrated Dealer Systems (IDS), which worked within the RV (recreational vehicle) and marine industry. “It was a natural fit,” McGill explains. “I understood marine dealerships and I have always been interested in technology. I spent about 5-6 years growing that company and then came back into the boating business, joining <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> in 1998.”<img src="https://photo-assets.superyachttimes.com/photo/184961/image/large-7b3a8e5522cc94741bd09b8bb536a113.jpg" data-gid="gid://syiq/Photo/184961" 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: 17px; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Passing on the traditionIt was McGill’s passion for life on the water that brought him back: “My wife and I have four boys, and we have been blessed to be able to take boats all over the US, <a data-gid="gid://syiq/Company/5716" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Ray Boats (Company)">Sea Rays</a>, <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimuts</a> and other yachts. I know what it feels like when I'm with my family on the water and what it does for both our customers and our team at <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.”Brett, 51, was able to bring a wealth of experience to his role of CEO, having served as President and Chief Operating Officer from October 2017, and holding down numerous other positions within the company, including Executive Vice President of West Operations, Director of Information Services and Vice President of Information Technology, Service and Parts.<img src="https://photo-assets.superyachttimes.com/photo/184952/image/large-40bc2a4643a30e453b9efab4c95aaed2.jpg" data-gid="gid://syiq/Photo/184952"> The first steps to CEO&nbsp;“When you take on a new challenge, it is exactly that: a challenge which is fun and exciting. I think so many years in the business working in so many different roles has served me very well.” In his typically unassuming fashion, McGill also places much of his success within the role elsewhere. “I’ll tell you, it’s by no means easy, but when you have a team like we’ve developed, that sure does make it easier. You’ll probably hear me say that a bunch, and I apologise, but it’s all about our team! They tell me what their problems are and I help them get the resources they need to go fix them.” &nbsp;&nbsp;Indeed, the importance of listening is a common note sounded throughout our conversation. The two major acquisitions which he had under his belt within two years of being CEO – &nbsp;with one taking place during a pandemic to boot – were taken on in response to the shifting desires of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s customer base: “You wake up one day and you realise how many yachts we’ve sold within the 80-120 foot [24-37-metre] range. We saw that what the consumers want is to charter their boats and they want access to yacht management services. Providing this will enable them to grow with us at <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. Speaking candidly, some of those people that have bought 50-metre boats have previously owned a <a data-gid="gid://syiq/Company/5716" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Ray Boats (Company)">SeaRay</a> or other smaller boats. And we wanted somewhere to go with these people – so we looked at <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> and brought them into our family.” <img src="https://photo-assets.superyachttimes.com/photo/184959/image/large-4c195ac54d5c6528b5d5e0756609d9dc.jpg" data-gid="gid://syiq/Photo/184959">Expanding acquisitions&nbsp;And then, just a day short of a year later, <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> was brought in to complete the picture. As McGill explains, “It wasn’t just: ‘Hey, let’s consolidate with another superyacht services company and add it to our business. <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> was the puzzle piece that fit right in. Where Fraser is strong with yacht management, Northrop &amp; Johnson didn’t really have any, and where Fraser wasn’t dealing with some of the smaller, say 40-metre yachts, <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> had a good performance there. Where one was strong, the other had a little weakness, even including their US versus European presence, so when you put the two together, we really feel we have something special. Even in the short period of time we’ve been together, we’re having fun with some new synergies – it’s going very well.”As to what exact form these ‘synergies’ will take, it is too early to say. Will they be keeping both the <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> names intact going forward? “We are looking at this very carefully, bringing all of our experienced parties together to discuss. Nothing is off the table – we want to understand what the customers want and need, what will make them feel better about both companies. If I knew exactly where we were going, I’d probably start telling you, but we’re still trying to study it.”&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/184953/image/large-b5764b68c3609b517e2af5399b33b01e.jpg" data-gid="gid://syiq/Photo/184953" 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Digital adaptation&nbsp;What is more certain though, is the importance of digital transformation to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax’s</a> future. Representing far more than just a Covid-opportunistic fad, the investment in new technologies has always been important to McGill, as typified by the company’s purchasing of the technology company BoatYard in March this year. Offering a new, digital Customer Experience Platform for owners, it is also helping <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> with its app development and online chat tools. “By having a little technology company instead of growing technology within <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, we can be much more nimble and fast, as you are not slowed down by the workings of a big company.”&nbsp;When it comes down to it, for McGill, technology is best used when it is harnessed to improve the customer’s experience prior to purchase. “The more fun we make it for the customer, the more interactive and engaging we make it, the more likely it is that they may get to a closer point of transacting on a boat before they’ve even walked into a dealership.”&nbsp;“Our stores weren’t even open and our leads were blowing up. We were Facetiming with customers showing them boats and the waterways around us were absolutely packed. And that's not going to go away. The amount of new customers we're bringing in right now is amazing. Whenever you build that new foundational layer of new boaters, it's just great because there's a cycle of when they'll upgrade next. They'll tell friends about it, they'll get friends boating. It's a pretty exciting time. We're very blessed to be doing well with what's going on around the world.”<img src="https://photo-assets.superyachttimes.com/photo/184954/image/large-cb047084464f2702c524eb07295a896c.jpg" data-gid="gid://syiq/Photo/184954">The next steps for MarineMax&nbsp;As to whether <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> will be bringing in any other companies from the superyacht industry into the family fold, McGill is open minded: “We're focused on integration and synergies right now, but I'm out there looking actively, there's no stance of 'no way'. We are going to be very smart and not just grow to grow. In <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, we now have 77 locations and have done almost 40 acquisitions over the years, so we've learned what not to do! “We are new on the scene, so although we do get calls here and there from people wanting us to buy their business, I think people might be a little standoffish just because they're not sure who MarineMax is. Maybe we're the hundred-pound gorilla in the boat dealership business, but I think once people in the industry get to know us, they will say, 'Wow, these guys are great!’” And, as McGill signs off our interview with a genuine invitation to meet in Florida when things have finally become more normal, we are quite inclined to agree. This article first appeared in a recent issue of The SuperYacht Times newspaper. 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MarineMax CEO Brett McGill on the future of the industry giant

Here, we sit down with MarineMax CEO Brett McGill to learn what is next in the pipeline for the US' largest boat dealer. 

<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">Island Global Yachting (IGY)</a>, the only global network of premium yachting destinations and yacht management services, is launching its <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Trident Collective, the first-ever global collective of superyacht owners. This highly exclusive, by invitation only private membership programme is only available to a limited number of superyacht owners – simplifying and enhancing superyacht ownership via specialised, next-generation benefits.<img src="https://photo-assets.superyachttimes.com/photo/226037/image/large-26e68bc258e8aa0fe04cce30a1847dcf.jpg" data-gid="gid://syiq/Photo/226037">In collaboration with best-in-class partners, benefits include guaranteed global dockage, fuel bunkering, proprietary hull insurance, yacht management, crew service training, yacht agency services, captain and crew benefits, comprehensive health and wellness solutions, and access to curated lifestyle events and experiences.“Our goal is to improve the economics and experience of yachting, building on our world-class destination base and yacht management platform,” says <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Trident CEO Tom Mukamal. “People want simplicity in a very difficult and fragmented environment. Between the owner and marina, there are 10-plus different stakeholders. <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Trident offers a comprehensive set of services administered from a single source.”<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s global portfolio of superyacht-oriented properties extends to 23 marinas in 13 countries across the United States, Caribbean, Europe, and Latin America. In March 2022, <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> took over operations of the <a data-gid="gid://syiq/Company/398" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vieux Port de Cannes (Company)">Vieux-Port de Cannes</a>, a 700-plus slip marina in the heart of the French Riviera. The company is poised to continue expanding into some of the most desirable cruising regions for superyacht owners.<img src="https://photo-assets.superyachttimes.com/photo/226038/image/large-2e75c5c9b7b860a4001ea6caff367d81.jpeg" data-gid="gid://syiq/Photo/226038">What does&nbsp;<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>&nbsp;Trident offer its members? <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Trident’s suite of offerings is supported by some of the best service providers in the yachting industry. In addition to guaranteed dockage access in any of the 23 <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> marinas, members will receive exclusive pricing on fuel and dockage. &nbsp;Members will also have access to:<ul><li><a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Yacht Support (Company)">Fairport Yacht Support</a>, IGY’s yacht management platform, provides exclusive IGY Trident member pricing and access to yacht management services, including financial administration, crew management, and technical yacht support.</li><li>World Fuel Services provides member pricing on global fuel bunkering including in Gibraltar,&nbsp;access to a dedicated 24/7 technical team, transparent member pricing and access to carbon offset credits.</li><li>Navium Marine provides exclusive IGY Trident member access to its proprietary hull insurance program. Vessels engaged in the program enjoy coverage terms that meet or exceed their current coverage and participate in a tranche of capacity dedicated to themselves and fellow IGY Trident members only. A profit share, if available, is issued annually across the portfolio.</li><li><a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting&nbsp;</a>offers global yacht agency and concierge services with benefits specifically for IGY Trident members.</li><li>Forbes Travel Guide engages directly with the superyacht crew of IGY Trident members, delivering proprietary superyacht crew service training. The best-in-class professional development curriculum is customized for superyacht crews based on the principles of exceptional service that FTG’s highly experienced trainers teach at Five-Star hotels globally.</li><li>VIGILINT provides <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Trident members with a comprehensive health and wellness solution via its industry leading Global MedAssist Program, delivering 24/7, real-time medical consultation, comprehensive care, critical care transport, and access to a Cleveland Clinic specialist.</li></ul><img src="https://photo-assets.superyachttimes.com/photo/225539/image/large-5e209a96d46aff0d7648c92d662ff627.jpg" data-gid="gid://syiq/Photo/225539">The <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>&nbsp;Trident community In addition to the expansive offerings listed about, <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Trident intends to host innovative, intimate member events and experiences around the globe, including private concerts and invite-only social gatherings designed for superyacht owners.“We know from speaking with our superyacht owner clients that they are interested in meeting and attending special events with other like-minded superyacht owners,” Mukamal says. “<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Trident brings together the first ever community of superyacht owners, opening doors for communication and dealings both inside and outside of yachting.”

IGY Marinas and the IGY Trident membership

IGY Marinas has introduced IGY Trident, an industry first membership programme.

IGY Marinas unveils the IGY Trident membership programme

A consortium comprising Ocean Capital Partners, <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">Island Global Yachting</a> and Grupo Empresas Matutes has signed a temporary concession agreement for a superyacht marina in the Port of Ibiza, Spain, which will operate under the <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marina</a> name.<img src="https://photo-assets.superyachttimes.com/photo/234871/image/large-4123a2d953eb7a389706d79ef61e53b9.jpg" data-gid="gid://syiq/Photo/234871">The marina will offer services for yachts between 20-120-metres in length. Notably, this will be the 24th marina in <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s global network and is located just 10 minutes drive from Ibiza’s international airport. The location of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Ibiza Marina means that guests have access to all the dining and entertainment that the island is famed for.“Ibiza is a marquis yachting haven that perfectly integrates with the goal of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Trident to seamlessly connect the world’s most enticing yachting destinations by offering certainty on a global scale through guaranteed dockage across our industry leading marina network. &nbsp;The addition of this destination provides superyacht owners, charter guests and captains unrivalled destination service and convenience,” states Tom Mukamal, CEO of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>. <img src="https://photo-assets.superyachttimes.com/photo/39267/image/large-82e477350b1ad3de83aaa31ced408f40.jpg" data-gid="gid://syiq/Photo/39267">“<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> is thankful for the confidence expressed by the Port Authority of the Balearic Islands in awarding us the opportunity to enhance and promote this amazing superyacht destination to the international market,” Mukamal adds.Read:&nbsp;<a data-gid="gid://syiq/Article/55591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Málaga opens new superyacht marina (2022-07-19 12:00:00 +0200)">Málaga opens new superyacht marina</a>“We believe Ibiza will benefit greatly as a destination for luxury travel with the addition of this state-of-the-art superyacht marina, says Jose Luis Almazán, Chief Executive Officer of Ocean Capital Partners. “<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> brings a wealth of experience and international vision of a global industry leader, the Matutes Companies adds local expertise, adding to OCP’s end-to-end capacities with Spanish ports and marinas.”

IGY signs agreement for a superyacht marina in Ibiza

A consortium has signed an agreement for a superyacht marina in the Port of Ibiza, Spain, which will operate under the IGY Ibiza Marina name.

IGY signs temporary concession agreement for a superyacht marina in Ibiza

This article has been written for SYT by Daniel Ziriakus, President &amp; COO of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop and Johnson</a>, who shares his thoughts on why he believes the brokerage industry is destined for further consolidation in coming years. The piece is particularly poignant in the light of <a data-gid="gid://syiq/Article/54680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting to be sold to OneWater Marine (2022-03-02 13:30:00 +0100)">yesterday's news that Denison Yachting is to be purchased by OneWater Marine</a>.<img src="https://photo-assets.superyachttimes.com/photo/219123/image/large-810ab6336089d45aca45dce6cff04e97.jpeg" data-gid="gid://syiq/Photo/219123">Having been in the industry since the mid-2000s, I was fortunate enough to experience the boom the yachting industry experienced in the period just before the global financial crisis. I was also there to see that boom followed by a huge fall in client demand, and a glut in supply as a large number of over-leveraged or perception conscious yacht owners all tried to liquidate their assets at the same time. Many of the smaller brokerage shops were created at that time, started by frustrated brokers who wanted to decouple from the larger houses because of the budget cuts affecting their bottom line.Many of these new brokerage firms operated with minimal overhead, with a business model to make up their income by keeping 100% of the commission rather than only being paid a portion. I’d call this the birth of the “bedroom laptop” brokers. Set up a glossy website with a few unvetted API feeds, get yourself a PO Box in Miami or Monaco, and spend a little on SEO, and to the untutored client surfing the web you can look very similar to a larger brokerage house with hundreds of employees and multiple offices in expensive locations. <img src="https://photo-assets.superyachttimes.com/photo/219124/image/large-eb22920ece83e9b24e076486379b2f0f.jpeg" data-gid="gid://syiq/Photo/219124">Fast-forward to 2012 and beyond, when the yachting industry began to recover – from this point onward, inventory levels recuperated with more new builds starting to trickle into the marketplace. Larger houses gained increasing strength from operating large sales, management and charter fleets which referred business to one another, and many of those "bedroom-player" brokers didn't survive, save for a few who managed to build strong relationships with a few key clients buying and selling multiple yachts.&nbsp;The industry has quickly grown up with genuine advancements in technology, industry intelligence, and beyond throughout the last decade. Now, market intelligence, martech developments, the use of AI and machine learning, proper sales lead generation tools and advanced ERPs can deliver better results to more demanding and better-informed customers.&nbsp;&nbsp;In today's world, smaller boutique houses simply don't have the financial backing or economies of scale to execute at the level of larger brokerages, despite some having excellent staff and brokers. They are trying to operate an analogue service in what is increasingly becoming a digital business. Today, many of the leading global firms like ours have excellent systems, and can deliver an immensely personal experience through their brokers while also providing financial strength, data, and intelligence systems to ensure clients have a leg up on the competition. Global firms shorten selling times for sellers, have access to more listings for sale and charter off-market, and can offer them more services, such as charter marketing, yacht management and crew placement, without diluting their bread-and-butter offerings. Global firms have the strategic insights, know-how and talent density available to properly bring a yacht to market and the deep pockets to deliver incredible, impactful campaigns for their clients.Saying all of this is not to disparage the quality of some of the teams at smaller brokerages, as some of them can still be efficient and effective in their roles. Still, data shows that it is increasingly challenging for smaller houses to compete with multinational, global firms with greater reach. The numbers don't lie, and the answers to many questions surrounding this topic are in the data. The barriers to entry for one broker working from his laptop remain low, but the barriers for a small brokerage company to grow into a big company are increasingly high, because of systems.<img src="https://photo-assets.superyachttimes.com/photo/219126/image/large-206b550a22422538d353d3e1d1b64044.jpeg" data-gid="gid://syiq/Photo/219126">Another worthwhile note: the yachting industry doesn't have a unique MLS system. Don't get me wrong, Yatco, Yachtworld and others are excellent tools and most firms including us &nbsp;subscribe to them. But, for example, at <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a>, these tools only provide about 15% of the market intelligence and industry data that we make available to our brokers.&nbsp;The in-house technology and data analysis systems we provide allows our brokers to provide their clients with up-to-the-minute information regarding everything from new listings joining the market, yachts in build, real-time comps when selling a yacht, which charter yacht is available and where it is located now. This means that we offer our clients something that not everyone else in the industry can. Furthermore, global brokerages like <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> simply have greater numbers, and have more brokers in their ranks. And with more people of course comes greater knowledge and deeper insights into market trends. Smaller boutique brokerages with two or three brokers simply can't match the knowledge base that a 40, 50, or 60 strong brokerage team can. The experience, expertise, and knowledge shared between our brokers based worldwide cannot be matched by a smaller firm of people in only one or two locations. Insights and intelligence drive business for the benefit of all.&nbsp;<a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> is actually a prime example of how consolidation can benefit a brand. For many years <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> was considered a small US-based boutique firm, in the middle of a pack alongside many other similar sized firms. But through consolidation, mergers and finally acquisitions throughout the last decade, <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> has now transformed itself into one of the top brokerage firms in the world, and the fastest-growing yacht brokerage in Europe. This growth has come about because we possess the finances to invest in our infrastructure, increase the teamwork between brokers, and install the technology and innovative marketing strategies our clients want. As a result we have built a formula that has helped us to grow from a boutique Florida-based business to a world-leading firm.&nbsp;Read: <a data-gid="gid://syiq/Article/54680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting to be sold to OneWater Marine (2022-03-02 13:30:00 +0100)">Denison Yachting to be sold to OneWater Marine</a>Here's the bottom line: to do a superb job for clients, it's not only necessary, but essential, for a company to reach a scale and revenue that provides the budget for systems and technology, and which sets the firm apart from the pack. None of the boutique brokerages have the financial strength and talent equity and density in the martech field to develop ERP systems that cost millions of dollars; still less the IT knowledge in-house to create their own from scratch. And unfortunately, there isn’t the scale in yachting for the large MLS systems and platforms to get into the industry and make any real money, so creating your own bespoke systems is really all you can do – IF you have the resources.From my standpoint, consolidation is inevitable to compete in the future properly, whether via the organic movements of individual brokers joining larger houses to increase their incomes, or through mergers and acquisitions of smaller firms where you can acquire a whole team in a certain location. This should certainly make for an interesting next few years.This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/yacht-news/superyacht-times-issue-40-published" target="_blank">Issue 40 of SuperYacht Times newspaper</a><a href="https://www.superyachttimes.com/yacht-news/superyacht-times-issue-40-published" target="_blank">.</a> To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper, <a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

SYT exclusive interview with the president and COO of Northrop and Johnson

Daniel Ziriakus, President & COO of Northrop and Johnson, shares his thoughts on the brokerage industry.

"Consolidation in yacht brokerage is inevitable": Daniel Ziriakus of Northrop and Johnson

United States

MarineMax

Brokers: Sales

IGY Marinas

Monaco

Fraser 

Brokers: Charters

Brokers: Crew

Brokers: Management

Since 1949, Northrop &amp; Johnson, the authority on yachting, has offered a new dimension of sophistication and service to the yachting lifestyle. With more than six decades of longevity and 13 offices worldwide, Northrop &amp; Johnson provides services that are customized to meet all of a client's yachting needs. Northrop &amp; Johnson’s dedicated sales and charter brokers are able to assist you with everything from selling your yacht to purchasing a yacht to the construction of a brand-new yacht. Northrop &amp; Johnson also offers charter services. Charter retail will help you create the luxury yacht charter of your dreams; charter management has the experience and industry insight to ensure your charter yacht gets maximum exposure and bookings. Northrop &amp; Johnson would be delighted to assist you with any of your yachting needs, from general questions to yacht sales and purchase to charter to management and marketing of the world's most discerning luxury vessels. <iframe width="640" height="360" src="https://www.youtube.com/embed/1-RSlVLBufg?wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe><a href="https://www.northropandjohnson.com/contact-south-of-france-office" rel="noopener noreferrer" target="_blank" title="">Office Antibes</a><a href="https://www.northropandjohnson.com/contact-australia-office" rel="noopener noreferrer" target="_blank" title="">Office Australia</a><a href="https://www.northropandjohnson.com/fortlauderdale" rel="noopener noreferrer" target="_blank" title="">Office Fort Lauderdale</a>&nbsp;<a href="https://www.northropandjohnson.com/contact-holland-office" rel="noopener noreferrer" target="_blank" title="">Office Holland</a>&nbsp;<a href="https://www.northropandjohnson.com/contact-hong-kong-office" rel="noopener noreferrer" target="_blank" title="">Office Hong Kong</a>&nbsp;<a href="https://www.northropandjohnson.com/contact-los-angeles-office" rel="noopener noreferrer" target="_blank" title="">Office Los Angeles</a>&nbsp;<a href="https://www.northropandjohnson.com/monaco" rel="noopener noreferrer" target="_blank" title="">Office Monaco</a>&nbsp;<a href="https://www.northropandjohnson.com/contact-newport-office" rel="noopener noreferrer" target="_blank" title="">Office Newport</a>&nbsp;<a href="https://www.northropandjohnson.com/contact-newport-beach-office" rel="noopener noreferrer" target="_blank" title="">Office Newport Beach</a>&nbsp;<a href="https://www.northropandjohnson.com/contact-new-york-office" rel="noopener noreferrer" target="_blank" title="">Office New York</a>&nbsp;<a href="https://www.northropandjohnson.com/contact-palma-office" rel="noopener noreferrer" target="_blank" title="">Office Palma</a>&nbsp;<a href="https://www.northropandjohnson.com/contact-san-diego-office" rel="noopener noreferrer" target="_blank" title="">Office San Diego</a>&nbsp;<a href="https://www.northropandjohnson.com/contact-thailand-office" rel="noopener noreferrer" target="_blank" title="">Office Thailand</a>&nbsp;