<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has issued a statement, following the open letter that was sent to its shareholders by Island Capital Group.<img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-9384651b02a3c3b8b113c3d33254dc31.jpg" data-gid="gid://syiq/Photo/265731">The open letter proposed an acquisition of 100 percent of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>'s Yachting and Marina Related Services, including <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/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a>, and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>. The letter was sent by former <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> founder, Andrew Farkas, who expressed his concerns over the company’s management and strategic direction since its acquisition by MarineMax in 2022.<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> was sold to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> for $480 million, with <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> existing management team continuing to lead the growth and operations of the business. Farkas detailed several concerning developments since <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s integration into <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, stating that the company had not benefitted from the acquisition.&nbsp;Read: <a data-gid="gid://syiq/Article/60986" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas Founder proposes acquisition of IGY, Fraser, and Northrop & Johnson from MarineMax (2024-07-11 10:30:00 +0200)">IGY Marinas Founder proposes acquisition of IGY, Fraser, and Northrop &amp; Johnson from MarineMax</a><img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-ca20ccc1813073a1b2aa9dfbcd755ab5.jpg" data-gid="gid://syiq/Photo/265732">In the statement published online, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s Board of Directors emphasised its commitment to evaluating genuine opportunities that enhance shareholder value. The Board stated, "We are always open and responsive to input from key stakeholders and have spoken with Island Capital Group on several occasions. The company will continue to make decisions and take actions that we believe are in the best interest of the company and our shareholders."<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates in over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities. The company’s integrated business encompasses several brands and services including <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/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>, <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>, Cruisers Yachts, and Intrepid Powerboats.This is not the first proposal that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has received, with <a data-gid="gid://syiq/Article/60633" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater issues statement over MarineMax acquisition rumours (2024-06-03 16:30:00 +0200)">rumours circulating last month</a> that its rival <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> had made an "all-cash, $40-a-share offer" for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, following months of private discussions. However, following on from these comments, <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> issued a statement that they "do not comment on market rumours or speculation," leaving the option for a potential acquisition uncertain.

MarineMax responds to Island Capital Group's acquisition proposal

MarineMax marina St Maarten

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MarineMax Pompano Yacht Centre

MarineMax has issued a statement, following the open letter that was sent to its shareholders by Island Capital Group.

MarineMax issues statement following proposed acquisition by Island Capital Group

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

International Marine Management acquires Atlantic Refit Center

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

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

Wave Expandary Limited acquires Camper & Nicholsons

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


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

Online marine marketplace <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a> has completed the acquisition of marine, service and storage company, Apex Marine Group.<img src="https://photo-assets.superyachttimes.com/photo/393587/image/large-77d79f43d3f87b5a5a2311f82a62aa95.png" data-gid="gid://syiq/Photo/393587">The acquisition was <a data-gid="gid://syiq/Article/65451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts to acquire Apex Marine Group (2026-02-24 14:00:00 +0100)">first announced in February 2026</a>, with the deal valued at $5.5 million, with $1.83 million in cash, approximately 670,000 shares valued at $2.70 and a $1.83 million secured seller note at six percent due in three years.Located in South Florida, the Apex facilities include four prime storage and service locations, haul-out capability up to 150 metric tons and vessels up to 40 metres, and comprehensive in-house service teams for repair, refit and refurbishment.“The integration of these capabilities is already generating millions of dollars in annual cost savings by reducing third-party service dependencies, lowering transportation costs, accelerating turnaround times, and delivering higher-quality refurbishments,” said Brian John, CEO of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/386344/image/large-a0334d742061ce908dacbd406c529d7b.jpg" data-gid="gid://syiq/Photo/386344">“This centralised approach allows us to standardise refurbishment quality, reduce cycle times from acquisition to resale, and scale inventory without proportional overhead increases.”Founded in 2012, <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a> is an online marine marketplace for pre-owned boats, with an integrated ecosystem that includes <a data-gid="gid://syiq/Company/8384" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Autograph Yacht Group (Company)">Autograph Yacht Group</a>, Azure Funding and proprietary lead-generation platforms.“This acquisition is fundamentally about operational dominance through infrastructure,” concluded Jason Ruegg, Founder of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a>. “Facilities like these are unique in South Florida. Bringing service, storage and hauling in-house is a game changer for our efficiency, margins and ability to scale.”

Off the Hook Yachts completes Apex Marine Group acquisition

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

Off The Hook Yachts completes acquisition of Apex Marine Group

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

Rheinmetall submits non-binding bid for German Naval Yards

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

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

MarineMax explores potential sale as Donerail raises its bid

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

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

Swisspath Yachting and TAG Yachting merge

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

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

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

Next Yacht Spain established

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

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

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

CLP2 completes acquisition of CdM as FIL Bros exits

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

CLP2 completes acquisition of Cantiere delle Marche as FIL Bros exits

Nautical interiors company <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> has been acquired by maritime entrepreneur and owner of <a data-gid="gid://syiq/Company/293" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Shipyard (Company)">Mulder Shipyard</a>, Nick Mulder, from 17 April 2026. <img src="https://photo-assets.superyachttimes.com/photo/391744/image/large-7e7d7e36a4360266a0ef72e3d6d009b2.jpg" data-gid="gid://syiq/Photo/391744">Based in Zwaagdijk, the Netherlands, <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> specialises in the production of high-end seating, lounge and sleeping solutions for the nautical sector. All activities will continue under the <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> name, with the acquisition further strengthening the organisation.&nbsp;The day-to-day management of <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> will be handled by Matthijs Jonker, while Martin Mast will also remain with the organisation. <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> is known for its bespoke products including mattresses, cushions and lounge sofas which are produced for both the leisure boating and superyacht industries.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/58047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The overlooked element: Why mattresses are the key to comfort and satisfaction (2023-07-14 15:30:00 +0200)">The overlooked element: Why mattresses are the key to comfort and satisfaction</a><img src="https://photo-assets.superyachttimes.com/photo/277034/image/large-99db94546f1ab89887c7d6fdc2be739a.jpg" data-gid="gid://syiq/Photo/277034">The current owner, Marcel Botman will take a step back, with Mulder continuing operations of the company. <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> has been a trusted partner for various yacht shipyards over the years, including <a data-gid="gid://syiq/Company/293" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Shipyard (Company)">Mulder Shipyard</a>.&nbsp;“It was essential for me that <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> would be in good hands,” explained Marcel Botman. “With Mulder, I have full confidence that the company, the team and our clients will be continued and further developed in the right way.”“<a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> is a strong and respected company within the nautical sector,” added Nick Mulder. “It is precisely the combination of craftsmanship, quality and the close-knit team that makes it special. The strength of <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> will be fully preserved, where we will provide targeted support in further growth and development.”

Nick Mulder acquires nautical interiors specialist Neptune

Nautical interiors company Neptune has been acquired by maritime entrepreneur and owner of Mulder Shipyard, Nick Mulder, from 17 April 2026.

Mulder Shipyard owner Nick Mulder acquires nautical interiors specialist Neptune

<a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Groupe Beneteau</a> and <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot Group</a> have announced the launch of E-Lektra Marine, a joint venture dedicated to electric propulsion and intelligent onboard energy management.<img src="https://photo-assets.superyachttimes.com/photo/391727/image/large-ee5cfd9d29046e8c401e59fb5c813a91.jpg" data-gid="gid://syiq/Photo/391727">The 50/50 venture brings together the seven sailing brands; <a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Beneteau</a>, Jenneau, <a data-gid="gid://syiq/Company/6072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lagoon Yachts (Company)">Lagoon</a>, Excess, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Sailing Catamarans, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Yachts and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a>, which operate under the two brands, allowing them to combine their capabilities in the electrification and energy management of sailboats.&nbsp;“With E-Lektra Marine, two major players in the sailing industry are joining forces in an unprecedented alliance to accelerate the electrification of sailing,” explained Bruno Thivoyon, Chief Executive Officer of <a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Groupe Beneteau</a>. By combining our industrial expertise, we aim to establish open standards and make low-emission solutions simpler, more accessible and scalable.”By pooling the volumes of seven brands, representing 60 percent of the global market, E-Lektra Marine aims to structure an open global standard at the scale of the sailing market, with a shared objective to electrify 10 to 15 percent of the global sailing market by 2030.<img src="https://photo-assets.superyachttimes.com/photo/336108/image/large-030539c248d560fb467ce7d5ce4321c0.png" data-gid="gid://syiq/Photo/336108">To do this, their mission is to design and deploy an onboard system that is competitive with internal combustion solutions and capable of orchestrating all onboard energy flows in real time.E-Lektra Marine will rely on a group of strategic partners including Alternatives Energies which specialises in electric systems integration, Cirtem who are an expert in energy conversion and management, and EVE System which are specialists in battery pack design, as well as on the expertise of both groups.&nbsp;E-Lektra Marine aims to provide electrification solutions adapted to all sailboat sizes from nine to 24 metres, as well as optimised onboard energy management between solar, engine, generator, comfort equipment and power connection. <img src="https://photo-assets.superyachttimes.com/photo/336107/image/large-f02462c05e0db41df859de5fb3ad6312.png" data-gid="gid://syiq/Photo/336107">They also hope to offer real-time monitoring of consumption through a display, alongside continuous improvements to the solutions offered to boaters and a refit option that enables current owners to switch to electric. “After several years of deployment, Alternatives Energies has demonstrated that scalable solutions do exist,” concluded Mathieu Fountaine, Deputy Chief Executive Officer of <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a>.“The E-Lektra Marine joint venture with Groupe Beneteau shows that our industry can mobilise around shared environmental objectives. Today, electrification is becoming essential; it must now be made accessible across the entire sailing market.”

E-Lektra Marine: Groupe Beneteau and Fountaine Pajot Group

Groupe Beneteau and Fountaine Pajot Group have announced the launch of E-Lektra Marine.

E-Lektra Marine: Seven sailing brands unite to accelerate electric propulsion solutions

The Chinese State Council has approved new measures that will reduce administrative and financial barriers for Hong Kong and Macau yacht owners travelling within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).<img src="https://photo-assets.superyachttimes.com/photo/284352/image/large-ecd218fffb9bcb7bafecade7dd2c5004.jpg" data-gid="gid://syiq/Photo/284352">Announced on 30 May 2026, the new policies will remove the requirement for a financial guarantee and introduce a temporary Chinese registration when bringing their yacht into mainland China.Under the new framework, Hong Kong and Macau-registered yachts will be able to obtain temporary ship nationality certificates issued by mainland Chinese authorities without affecting their existing registrations.&nbsp;This will allow yachts to navigate within the waters of nine mainland cities in the Greater Bay Area after completing the necessary entry procedures. “Guangdong, Hong Kong and Macao have been committed to promoting individual yacht travel,” explained a spokesman for the Transport and Logistics Bureau.“Under the new policy, the exemption for the requirement for a guarantee will significantly reduce the financial burden on owners of Hong Kong and Macao yachts when handling cross-border procedures.”<img src="https://photo-assets.superyachttimes.com/photo/380444/image/large-c47ce0baf12facf7f4f5bd21055eb53c.jpg" data-gid="gid://syiq/Photo/380444">To support these efforts, the Hong Kong Marine Department, the Guangdong Maritime Safety Administration and the Macau Marine and Water Bureau established a tripartite working group focused on developing measures to facilitate private yacht movements across the region.The Marine Department is also actively co-ordinating with the Guangdong Maritime Safety Administration on creating southbound measures for yachts travelling from the Chinese Mainland, with details due to be announced soon following finalisation.&nbsp;In March 2025, lawmakers in Hong Kong urged the government to enhance yacht tourism in the Greater Bay Area (GBA) and further develop the necessary infrastructure to support maritime activities.A motion was proposed by Kenneth Lau Ip-keung advocating for improved infrastructure to facilitate island-hopping tourism ventures along Hong Kong’s 1,180-kilometre coastline and its 263 islands.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/62956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lawmakers urge Hong Kong government to boost yacht tourism (2025-03-26 12:30:00 +0100)">Lawmakers urge Hong Kong government to boost yacht tourism</a> <img src="https://photo-assets.superyachttimes.com/photo/395562/image/large-12835460c889137d51c1912c58b38d42.png" data-gid="gid://syiq/Photo/395562">Asia-Pacific Superyacht SummitAs the region continues to grow, SuperYacht Times has hosted several editions of the <a data-gid="gid://syiq/Article/66230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit Japan 2026 in 60 seconds (2026-06-02 15:00:00 +0200)">Asia-Pacific Superyacht Summit</a> in Hong Kong. This year’s edition took place in Kobe, Japan, bringing together industry leaders, yachting clients, and key stakeholders with the shared goal of positioning the Asia-Pacific as a leading superyacht market and cruising destination.You can find out more about the <a data-gid="gid://syiq/Article/66230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit Japan 2026 in 60 seconds (2026-06-02 15:00:00 +0200)">Asia-Pacific Superyacht Summit</a> and how to get involved with the 2027 edition <a data-gid="gid://syiq/Article/66230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit Japan 2026 in 60 seconds (2026-06-02 15:00:00 +0200)">here</a>.&nbsp;

China eases cross-border yacht owner travel rules

China has approved new measures that will reduce administrative and financial barriers for Hong Kong and Macau yacht owners. 

China eases cross-border travel rules for Hong Kong and Macau yacht owners

<a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a>&nbsp;is both a leader in the field of waterjet technology and a point of reference for serial production tenders. Active across the military, commercial, and superyacht sectors, the Italian brand is now applying its propulsion and manufacturing know-how to the specialist market for limousine tenders.<img src="https://photo-assets.superyachttimes.com/photo/396631/image/large-062ebf001bce4c2cc3c7a9d7b4ad2e91.jpg" data-gid="gid://syiq/Photo/396631">The small town of Albairate in landlocked Lombardy might seem a strange place for a boatbuilder to set up shop, but it is closely linked to the brand’s origins in one of Italy’s richest agricultural regions. Luigi Castoldi was a pioneering engineer in the agricultural machinery sector through his company BCS, which is still extant today. He began exploring waterjet propulsion – still a novelty in the early 1960s – because boats were damaging their propellers on the shallow bottom of the nearby River Ticino.&nbsp;After importing a waterjet drive, he set about re-engineering it to create a more durable and effective design. His first mass-produced <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> waterjet, model Jet 05, made its debut at the 1969 Genoa Boat Show. Since then, over 40,000 <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> waterjets have been delivered around the world, from the compact 224 unit up to the mighty 600 HCT drive that can support installed power of up to 2,700 horsepower.<img src="https://photo-assets.superyachttimes.com/photo/396632/image/large-4d83f3db58d65cf02a38baa8d387c061.jpg" data-gid="gid://syiq/Photo/396632">Today, the company is still family-owned under the directorship of Giacomo Castoldi, Luigi’s grandson, who with his father Franco spearheaded the company’s diversification into the tender market with its own range of diesel-powered jet tenders. The first model, the JT 18 Pro in 1998, served as the blueprint for the current range, from the entry-level Jet Tender 14 up to the 10.5-metre Jet Tender 34. The latter also provides the technical platform for the Jet Tender 34 Limo, the company’s first venture into the limousine market.Why waterjetsWaterjet propulsion for superyacht tenders offers several advantages over traditional propeller-based systems. These include enhanced manoeuvrability, higher efficiency and durability, lower noise and vibration, and the reversing bucket can ‘crash stop’ a boat in less than twice its own length. But arguably the most critical feature – as Luigi Castoldi was quick to realise – is shallow draft.<img src="https://photo-assets.superyachttimes.com/photo/396635/image/large-accb3204fb1c42a0f2bfa16fdfac9f5c.jpg" data-gid="gid://syiq/Photo/396635">“Jet tenders can drive right up to a beach, and most of our models are equipped with bow ramps as standard,” says Giacomo Castoldi. “Combined with a folding console, low draft also means they occupy less vertical space inside the tender garage, while the lack of exposed propeller blades reduces the potential for injury to swimmers, divers, or marine life.”Over the years, <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> has finessed its waterjet technology. Unlike other systems requiring external gearboxes, all <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> waterjets except the entry-level Turbodrive 224 DD have integrated gearboxes. This results in a more compact overall footprint, which means more space for passengers and luggage storage, and simplifies the installation process while reducing the potential for errors or rework. They are also equipped with a patented anti-clogging system that enhances the waterjet’s reliability in challenging conditions. The Clear-Duct unclogging system works by reversing the direction of the impeller and simultaneously opening the protective intake grid to flush out any debris that may have accumulated.<img src="https://photo-assets.superyachttimes.com/photo/396660/image/large-44d8926e35b1304d60e5cdbcb14c3137.jpg" data-gid="gid://syiq/Photo/396660"><a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a>’s latest waterjet drives that carry the HCT acronym have been redesigned to offer a 12% increase in performance compared to previous iterations. Advancements in impeller design, a pre-stator vane system, and an updated post-impeller stator work together to improve the flow of water through the system, reduce cavitation, and ultimately deliver more thrust combined with lower fuel consumption.&nbsp;“These enhancements are largely thanks to investment in CFD analysis,” says Giacomo, “Combining fluid dynamics with our own practical engineering know-how has generated a lot of new ideas."<img src="https://photo-assets.superyachttimes.com/photo/396615/image/large-28e2be0f5dedca48b4f2f92405172d02.jpg" data-gid="gid://syiq/Photo/396615">Total control<a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> also produces its own control systems, from simple mechanical options to the sophisticated ACES system developed in collaboration with <a data-gid="gid://syiq/Company/7877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xenta (Company)">Xenta</a>. Powered by a 32-bit embedded processor and utilising a proprietary CAN bus network protocol, the ACES system delivers precision control of engine RPM, waterjet steering nozzles and reversing buckets when transitioning between docking and cruising modes. Additional functions include dynamic positioning and smart anchoring, which simulates mechanical anchoring by swinging around a virtual GPS point. Adaptive steering logic can even provide ‘propeller mode,’ which recognises when the vessel is in reverse to simulate conventional propeller behaviour – a useful feature for operators transitioning to waterjets.To maintain quality control, most of the waterjet components are machined in-house, an exception being the Duplex stainless-steel impellers that rely on precision investment casting technology. With regard to tender production, the whole process – from the 3D design, hull lamination and tube fabrication to the hydraulic and electrical systems – is carried out internally before final testing in its own water basin in front of the factory.<img src="https://photo-assets.superyachttimes.com/photo/396658/image/large-b3c15147d7d49ce31a9b749e8a305ff2.jpg" data-gid="gid://syiq/Photo/396658">When <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> began production of jet tenders in the mid-90s, it decided from the start to take a platform-based approach with fixed hull forms designed around its own propulsion system. By standardising the production process, <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> ensures consistent quality while reducing unit costs through repeated tooling and manufacturing processes. Additionally, serial production provides opportunities for continuous optimisation, further enhancing the performance and quality of each new upgraded model. As the range evolved, customised interior materials, finishes and layouts have become the norm to meet the specific needs of individual clients without having to build costly and time-consuming one-offs.&nbsp;The company has applied exactly the same production philosophy to its new Jet Tender 34 Limo designed by <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a>. Conceived initially for a fleet of luxury cruise ships currently under construction, each ship will carry four <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> Jet Tender 34 Limo tenders to deliver a sophisticated ship-to-shore guest experience.<img src="https://photo-assets.superyachttimes.com/photo/396657/image/large-a20e0e70cb5a086260c495f6e811d4a1.jpg" data-gid="gid://syiq/Photo/396657">Limo luxury&nbsp;Historically, the limousine tender segment has been defined by high levels of customisation, where each unit is tailored specifically to the design and needs of a particular superyacht. While this approach allows for alignment with the mothership’s aesthetic, it often results in longer lead times, higher costs, and compromises in terms of performance and systems integration. <img src="https://photo-assets.superyachttimes.com/photo/396633/image/large-bb3ca9a1c828124e6a74dc5b67525448.jpg" data-gid="gid://syiq/Photo/396633"><a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a>’s entry into this market introduces a shift toward standardised, platform-based design, which allows for quicker production times and greater system optimisation, while still providing owners with a high degree of personalisation, particularly in the interior architecture. Two primary interior layouts are offered: one with all-seated configurations for maximum comfort, and another combining seating with a pantry and bathroom for longer transfers. Material finishes can also be tailored to suit individual preferences."This project represents a new chapter for <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> that expands our offerings to new markets, while maintaining the commitment to innovation, quality, and luxury we are known for,” says Giacomo. “The opportunity arose to enter the limousine tender market with a semi-serial product that embodies our construction philosophy of creating optimised vessels rather than one-offs.”<img src="https://photo-assets.superyachttimes.com/photo/396625/image/large-24bbf67840c4bba049f3423e568ddbaa.jpg" data-gid="gid://syiq/Photo/396625">“In practical terms, we estimate that our serial-produced limousine tenders are priced at least 35% lower than equivalent full-custom examples,” adds <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a>’s commercial director Luca Taccani, “without sacrificing the luxurious finish or technical sophistication that clients expect.”In addition to the four limo tenders, <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> is also supplying the cruise ships with two customised Jet Tender 28 SV units. The ‘SV’ stands for ‘Support Vessel,’ and the model is specifically designed to work in tandem with the limousine tenders, with an enhanced bow sun-pad, extensive storage, pantry, and premium features like a T-top.<img src="https://photo-assets.superyachttimes.com/photo/396622/image/large-6c33afd5ceeb462bb96cd2592a9fa250.jpg" data-gid="gid://syiq/Photo/396622">The flywheel effect&nbsp;As <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> has expanded its offerings and capabilities, its workforce has grown accordingly and is now nearing 100 direct employees. In terms of business performance, the company has seen consistent growth, especially over the past two years since Luca Taccani joined the company. Annual turnover is currently distributed fairly equally across the waterjet and tender markets (50% and 40% respectively) with the remainder from spare parts and commissioning activities.&nbsp;Although <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> builds its tenders in series, each sale is essentially a one-off transaction with an end client. Its propulsion products, on the other hand, can generate recurring clients that expect reliable and ongoing service. Naval procurement involving multiple waterjet units is an expanding sector for the company, for example. To meet this demand, <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> has made a deliberate effort to ensure the availability of components, stocking spare parts for older models well beyond customary timelines – often for more than ten years.“We’ve focused strongly on spare parts and after-sales support with dedicated back-office staff for service management,” says Luca Taccani. “This long-term outlook not only boosts customer loyalty but has also proven financially advantageous. As raw material costs have risen sharply, having a ready stock of components means we’ve been able to avoid significant cost increases.”<a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a>’s trajectory over the past few years reflects a competitive company that is expanding its product range while also refining its operational efficiency and service capabilities. By focusing on technical innovation and long-term service, it has effectively created a “flywheel” effect, whereby small but consistent wins build momentum over time in a self-sustaining cycle of growth. Moreover, the brand’s entry into the limo tender market aims to demonstrate how serial production methodologies, when combined with proprietary propulsion and rigorous quality control, can challenge the prevailing bespoke approach.<img src="https://photo-assets.superyachttimes.com/photo/396659/image/large-9f4ecad812d4f5c94c3664909275b1d8.jpg" data-gid="gid://syiq/Photo/396659">

The landlocked yard building limousine tenders

Castoldi is entering the limousine tender market with the Jet Tender 34 Limo, combining waterjet technology with a serial-production approach.

The 28.72-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">D Five</a> is currently on the market with Christopher Mosley of <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a> and Maël Fiolet of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>.<img src="https://photo-assets.superyachttimes.com/photo/275737/image/large-bfdd94504b5a0ff1ba8b21536e797bab.jpg" data-gid="gid://syiq/Photo/275737">Delivered in 2021 by the Italian shipyard, <a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">D Five</a> is the flagship model of <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>'s S-series. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features exterior design by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a>, with interiors penned by <a data-gid="gid://syiq/Company/4541" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Guida Design (Company)">Francesco Guida Design</a>. Her naval architecture was developed in-house by <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>.Constructed with a GRP hull and carbon fibre superstructure, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=azimut" rel="noopener noreferrer" target="_blank" title="">Azimut yacht for sale</a> has been used exclusively for private cruising since her delivery.<img src="https://photo-assets.superyachttimes.com/photo/275795/image/large-fb7dc69216e8915da0a60d6362a11af3.jpg" data-gid="gid://syiq/Photo/275795">From the outside, the&nbsp;<a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">D Five yacht for sale</a> presents a sleek and sporty profile, defined by a dark metallic hull contrasting her white superstructure. Her generous deck spaces include a foredeck lounge, flybridge retreat and an inviting fold-down beach club creating a direct access to the sea.<img src="https://photo-assets.superyachttimes.com/photo/275800/image/large-d2c413371399c0d655949d6bc63b72ef.jpg" data-gid="gid://syiq/Photo/275800">Her aft cockpit and flybridge offer guests several spots for dining, entertaining, and relaxing in the sun, making the yacht equally suited to short day trips and longer stays onboard.<img src="https://photo-assets.superyachttimes.com/photo/275798/image/large-51b0d3027870bc108a02afee12d0c5fb.jpg" data-gid="gid://syiq/Photo/275798" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Stepping inside, the <a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">D Five&nbsp;yacht for sale</a> features a split-level main saloon, creating a fluid indoor-outdoor living. Warm timber finishes, glossy surfaces and large windows that bathe the interiors in natural light all contribute to her bright and modern ambience. According to the broker, extensive storage and room for supplies support longer periods at sea without needing to resupply.<img src="https://photo-assets.superyachttimes.com/photo/275801/image/large-2f2956eeae26da8b87f51d5acc83b0a3.jpg" data-gid="gid://syiq/Photo/275801">With a beam of 6.34-metres and a volume spanning 155 GT, accommodation onboard the <a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">yacht D Five for sale</a> is arranged for up to 11 guests across four staterooms. Dedicated quarters are also provided for a crew of four, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/275805/image/large-9598d5bfb8222552d1a8ad9f3035afde.jpg" data-gid="gid://syiq/Photo/275805">In terms of performance, the <a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">yacht D Five for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, delivering a cruising speed of 28 knots and a top speed of 36 knots.<img src="https://photo-assets.superyachttimes.com/photo/275793/image/large-8a524678608acbbb13c67c4c0568d8de.jpg" data-gid="gid://syiq/Photo/275793">All images provided courtesy of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>.

29m Azimut motor yacht D Five for sale

The 28.72-metre Azimut yacht D Five is currently for sale. The flagship S10 motor yacht reaches 36 knots with spacious onboard living.


<a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> has announced the launch of the first new 23.99-metre Swan 80 yacht <a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> series from its shipyard in Pietarsaari, Finland. The Swan 80 yacht is the opening model in the Swan Maxi range and an evolution of the highly successful Swan 78 platform. <img src="https://photo-assets.superyachttimes.com/photo/396571/image/large-443eccad33fbc877c7ada335794a362d.jpg" data-gid="gid://syiq/Photo/396571">First unveiled during the 2023 <a data-gid="gid://syiq/Event/172" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2023">Cannes Yachting Festival</a>, the new Swan 80 also draws on the historic Swan 80 lineage. Designed under 24 metres, she aims to deliver the volume, presence and offshore capability of a significantly larger yacht.<img src="https://photo-assets.superyachttimes.com/photo/396572/image/large-5724f283d5a36c50398957a6f43875b5.jpg" data-gid="gid://syiq/Photo/396572"><img src="https://photo-assets.superyachttimes.com/photo/396573/image/large-eccfe9faf109deffa8fc30b242c08bdd.jpg" data-gid="gid://syiq/Photo/396573"><a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> features the signature style of naval architect <a data-gid="gid://syiq/Company/171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Frers (Company)">Germán Frers</a>, with exterior design by <a data-gid="gid://syiq/Company/4626" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Micheletti + Partners (Company)">Micheletti + Partners</a> and interior design penned by <a data-gid="gid://syiq/Company/1144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Misa Poggi (Company)">Misa Poggi</a>. She displays a clean and low profile, with long uninterrupted deck spaces to create an agile sailing silhouette.<img src="https://photo-assets.superyachttimes.com/photo/396575/image/large-32ff2a9d2b6588e5cbf577159ae0d874.jpg" data-gid="gid://syiq/Photo/396575"><img src="https://photo-assets.superyachttimes.com/photo/396574/image/large-1e422fa3e22f640e8f48864e0523d2e7.jpg" data-gid="gid://syiq/Photo/396574"><a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> showcases a sophisticated interior design, which can be transformed into a versatile space. Her lounging area with a TV and daybed complements her spacious dining area, allowing for guests to relax. <img src="https://photo-assets.superyachttimes.com/photo/396576/image/large-c6e5f3d80c21f5feb13f572a3e0c8f13.jpg" data-gid="gid://syiq/Photo/396576">Her technical areas have been integrated beneath her saloon sole, allowing for her to maximise volume while preserving a calm and uncluttered environment for all guests onboard.<img src="https://photo-assets.superyachttimes.com/photo/396585/image/large-e61f21af40f45cae451be7fccabbbc20.jpg" data-gid="gid://syiq/Photo/396585"><a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> features a forward master suite, a forward VIP stateroom and two aft guest staterooms, with one of her guest rooms able to be converted into a media lounge or an additional dining area. Her crew cabins are situated aft and have independent access, ensuring privacy and seamless service for guests. <img src="https://photo-assets.superyachttimes.com/photo/396579/image/large-817c8b74465a36a0c2e4f144fe78853d.jpg" data-gid="gid://syiq/Photo/396579"><a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> combines foam-cored glass fibre reinforced epoxy with carbon fibre reinforcements, alongside sacrificial rudder tips, sealed structural compartments and multiple keel options, including deep fixed, shallow and telescopic lifting configurations. <img src="https://photo-assets.superyachttimes.com/photo/396580/image/large-90cb4c3341bdbdba2fe85bbd680d1e1f.jpg" data-gid="gid://syiq/Photo/396580">She pairs a near flush teak deck which flows from her cockpit to stern, with her winches and controls positioned for handling in both short-handed and fully crewed configurations. Her cockpit can also be configured as a protected cruising lounge, an open racing space or a social terrace.<img src="https://photo-assets.superyachttimes.com/photo/396583/image/large-8b3cbb1b7fe6813ad11ed89a8dd537f4.jpg" data-gid="gid://syiq/Photo/396583">Her transform provides guests with a direct connection to the water by opening into a beach platform with integrated access to the swimming area and tender garage. &nbsp;<a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> will make her world premiere at the <a data-gid="gid://syiq/Event/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2026">Cannes Yachting Festival 2026</a> and her sailing debut during the Rolex Swan Cup in Porto Cervo in September 2026, marking the 60th anniversary of the yard with the rest of the fleet.&nbsp;

Elvi: First Swan 80 Maxi yacht launched

Nautor Swan has announced the launch of the first new 23.99-metre Swan 80 yacht Elvi series from its shipyard in Pietarsaari, Finland.

First 24m Nautor Swan 80 Maxi yacht Elvi launched

The 109-metre <a href="https://www.superyachttimes.com/companies/lurssen" target="_blank">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/6431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="O3109.0m (357'7&quot;)Lürssen Yachts2026">O3</a>, ex. Project Icecap/Project Shackleton, has been delivered to her owner from the shipyard's facility in Hamburg. The superyacht is now cruising the Danish coast, having briefly stopped in Kristiansand in Norway on route, and is currently anchored in Flenburg on the south west coast. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/385756/image/large-55d770ba67f165c3682a05d06f089bca.jpg" data-gid="gid://syiq/Photo/385756">Originally announced in 2017, the superyacht was then resold in-build in 2022 and underwent significant changes under the supervision of the team at <a data-gid="gid://syiq/Company/6940" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Occam Marine (Company)">Occam Marine</a> who oversaw her construction of behalf of her new owner. <img src="https://photo-assets.superyachttimes.com/photo/384315/image/large-c656645bce219c33e33273c7a4090898.jpg" data-gid="gid://syiq/Photo/384315">Originally the superyachts exterior was penned by <a data-gid="gid://syiq/Company/4827" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salt Ship Design (Company)">Salt Ship Design</a>, however since the resale the team at <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino Design</a> have dramatically redesigned her, adding an additional deck to the aft of the yacht that features a helipad ontop. The superyacht's interiors are the work of Parisian studio <a data-gid="gid://syiq/Company/4421" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CG Design (Company)">CG Design</a> and have been kept tightly underwraps.<img src="https://photo-assets.superyachttimes.com/photo/384314/image/large-9b4b8c9cd9bf8c33f745e7f938cdf2ed.jpg" data-gid="gid://syiq/Photo/384314">Construction began at the <a href="https://www.superyachttimes.com/companies/lurssen" target="_blank">Lürssen</a> Peene-Werft shipyard in Wolgast, Germany, before she was transferred to the <a href="https://www.superyachttimes.com/companies/lurssen" target="_blank">Lürssen</a> Hamburg facility for outfitting in 2022, where she was completed in a floating drydock. &nbsp; &nbsp;Designed and built for expedition, the superyacht has an ice-class hull, expansive tender, toy and equipment storage, in addition to the commercial helipad on her aft upper deck. &nbsp;

Lürssen yacht O3 delivered

The Lurssen superyacht O3 has been delivered to her owner.

109m Lürssen superyacht O3, ex.Shackleton, delivered

<a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> has announced that the 49.98-metre motor yacht <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> is preparing for her sea trials.<img src="https://photo-assets.superyachttimes.com/photo/396522/image/large-f97599b52b7c3e4adb33a5e23df0ca8b.jpeg" data-gid="gid://syiq/Photo/396522">The yacht was launched from <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen's</a> facility in Oss, the Netherlands, on 14 March and marks the fourth hull in the Dutch shipyard's 5000 Aluminium series. Construction commenced in 2023, with her aluminium hull and superstructure united in July 2024.<img src="https://photo-assets.superyachttimes.com/photo/396523/image/large-9314ce312161350642ebea29231c6ef3.jpeg" data-gid="gid://syiq/Photo/396523">Penned entirely in-house, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia's</a> naval architecture is based on <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen's</a> hard-chine, shallow-draught Fast Displacement Hull Form. Her exterior design was crafted by Frank Laupman of <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a> and is finished in a distinctive Whisper Grey <a data-gid="gid://syiq/Company/1485" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Awlgrip (Company)">Awlgrip</a> paint scheme.<img src="https://photo-assets.superyachttimes.com/photo/396651/image/large-a603ef8da832512f7f449be519a433b4.jpeg" data-gid="gid://syiq/Photo/396651"><img src="https://photo-assets.superyachttimes.com/photo/396649/image/large-205f426ce70968959dc26de7e55d1248.jpeg" data-gid="gid://syiq/Photo/396649">Inside, the semi-custom yacht features interiors by <a data-gid="gid://syiq/Company/205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cristiano Gatto Design (Company)">Cristiano Gatto Design</a>, where a sophisticated palette of sage green tones, mustard accents and warm bronze details creates an inviting atmosphere throughout. Drawing inspiration from her name, which derives from the Greek word for wisdom, the interior concept aims to evoke a sense of refinement and understated elegance.<img src="https://photo-assets.superyachttimes.com/photo/396652/image/large-546c42eb9478bab7a3c65d2890fd6cd3.jpeg" data-gid="gid://syiq/Photo/396652"><img src="https://photo-assets.superyachttimes.com/photo/396521/image/large-94b3294045e1a5ec9b8051e43a93085a.jpg" data-gid="gid://syiq/Photo/396521">Moreover, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> accommodates up to 12 guests across five staterooms at a volume of 499 GT. The arrangement is centred around a spacious owner's suite on the forward main deck, while the remaining guest accommodation is located on the lower deck.<img src="https://photo-assets.superyachttimes.com/photo/396654/image/large-02734840dc2a01b6adc255a522411d83.jpeg" data-gid="gid://syiq/Photo/396654"><img src="https://photo-assets.superyachttimes.com/photo/396648/image/large-4000c45f762e6e39242191239693e51b.jpeg" data-gid="gid://syiq/Photo/396648">Outdoor living is a key feature of the yacht's design. A generous beach club provides direct access to the water, while the main deck aft terrace offers ample space for lounging and relaxation. Guests can enjoy alfresco dining on the bridge deck aft, with additional entertaining and sunbathing areas available on the expansive sundeck.<img src="https://photo-assets.superyachttimes.com/photo/396653/image/large-ab0cf674fd5eaebcc711944e0736c3cf.jpeg" data-gid="gid://syiq/Photo/396653"><img src="https://photo-assets.superyachttimes.com/photo/396520/image/large-bc3e170199cfcab010ffbf2bec2571f3.jpg" data-gid="gid://syiq/Photo/396520">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, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> is expected to reach a top speed of 23 knots and offers a transatlantic range of 3,100 nautical miles when cruising at 11 knots.Built on speculation, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> is currently listed for sale and is scheduled for delivery on 15 July 2026.<img src="https://photo-assets.superyachttimes.com/photo/396647/image/large-318a3cc36ef6d0d7e0136af4f2acdb03.jpeg" data-gid="gid://syiq/Photo/396647">Photo courtesy of <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>.

Heesen yacht Sophia sea trials

Heesen has announced that the 49.98-metre Heesen motor yacht Sophia is preparing for her sea trials. 

50m Heesen superyacht Sophia prepares for sea trials

<a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> has announced the sale of the <a data-gid="gid://syiq/Yacht/17173" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto DOM 155/0146.9m (153'10&quot;)Baglietto S.p.A.2029">first hull in its new DOM155 series</a>. Measuring 46.9 metres in length, the yacht is scheduled for delivery in 2029 and was designed by <a data-gid="gid://syiq/Company/76" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vafiadis (Company)">Stefano Vafiadis</a>.<img src="https://photo-assets.superyachttimes.com/photo/382594/image/large-8e21c024562bf809d3fe206fd62c8a70.png" data-gid="gid://syiq/Photo/382594">The project was commissioned by a highly experienced owner, with Building Captain Simon Mackay overseeing construction. The sale marks Mackay's second collaboration with the La Spezia-based shipyard. Interior designer <a data-gid="gid://syiq/Company/6293" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leonardo Santi Design (Company)">Leonardo Santi</a> has been appointed to develop the yacht's bespoke interiors."We are very pleased with this sale, which comes just a few months after the project was first unveiled to the market earlier this year," said <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> Chief Commercial Officer Fabio Ermetto.The DOM155 builds upon <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto's</a> ‘Roman domus at sea’ philosophy, placing a strong emphasis on spacious living areas and a seamless connection to the surrounding environment. Positioned below the 500 GT threshold the series is characterised by sculpted exterior lines and an aluminium construction. Moreover, it combines generous volumes with high performance, a shallow draught and extensive opportunities for owner customisation."The fact that the owner is already an enthusiast of our brand further confirms the growth path we are pursuing and the strength and credibility of our offering," added Fabio. "The DOM155 fits perfectly within this vision, embodying a yacht distinguished by a high degree of customisation, exceptional comfort and outstanding volumes. We are fully confident that it will establish itself as a benchmark in the under-500 GT segment."<img src="https://photo-assets.superyachttimes.com/photo/396529/image/large-974aa645eaef7ef5909aa55ce81817ef.png" data-gid="gid://syiq/Photo/396529">One of the yacht's defining features is her stern arrangement, which incorporates a multifunctional wellness area complete with an infinity pool and a configurable beach club. Depending on owner requirements, the space can be arranged as a spa, gymnasium or additional tender garage. Elsewhere, full-height glazing and open-plan layouts are designed to blur the boundaries between interior and exterior living spaces.Accommodation is centred around a full-beam owner's suite on the main deck, complemented by four guest cabins below deck, with the option to add a fifth cabin if desired. Crew quarters have been carefully integrated to support efficient onboard operations. Crowning the yacht is a 130-square-metre sundeck offering uninterrupted panoramic views, alongside multiple lounge spaces and an additional swimming pool.Powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, the DOM155 is expected to reach a top speed of 16 knots.

First Baglietto DOM155 yacht sold

Baglietto has announced the sale of the first hull in its new DOM155 series.

First 47m Baglietto DOM155 superyacht sold

SuperYacht Times steps onboard the 49.9-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> superyacht <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a>, 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>. With final availability remaining this summer from 1 to 30 September, <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a> will cruise the South of France, Monaco and Corsica, with Greece also a possibility under the YET scheme. <img src="https://photo-assets.superyachttimes.com/photo/396536/image/large-4257306e7ff1b305b461d14458fe4331.jpg" data-gid="gid://syiq/Photo/396536">Delivered in 2024 as part of the Italian shipyard <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>’s B.Now 50M series, she offers a refined sanctuary at sea designed around wellness and elevated living for the 2026 Mediterranean charter season.<img src="https://photo-assets.superyachttimes.com/photo/396546/image/large-7fddf15923c2049f4813079836d7813d.jpg" data-gid="gid://syiq/Photo/396546" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/396541/image/large-874e5aa35be08cfb38204726932545df.jpg" data-gid="gid://syiq/Photo/396541" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);"><a data-gid="gid://syiq/Article/60803" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti B.Now 50m superyacht Dyna® delivered (2024-06-20 14:00:00 +0200)">Read: Benetti B.Now 50m superyacht Dyna® delivered</a><a data-gid="gid://syiq/Article/60803" href="https://sya.superyachttimes.com/news/50m-benetti-superyacht-dyna-r#managed-by-system" target="_blank"><img src="https://photo-assets.superyachttimes.com/photo/396549/image/large-3c556360c9cef4349494d51d0405bbdc.jpg" data-gid="gid://syiq/Photo/396549"></a>Built with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a> features exterior design by <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a>, while her interiors and naval architecture were designed in-house by <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>. &nbsp;Her Oasis Deck concept boasts amenities that are uncommon for a vessel this size, most notably her large main deck aft pool, which serves as a central entertainment area for guests.<img src="https://photo-assets.superyachttimes.com/photo/396543/image/large-e3daca00b25eb3026106d0532ca616e0.jpg" data-gid="gid://syiq/Photo/396543" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);"><img src="https://photo-assets.superyachttimes.com/photo/396550/image/large-088e9cc3768fc25179e16fb17ab91843.jpg" data-gid="gid://syiq/Photo/396550" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Reinforcing an onboard experience anchored in rejuvenation, <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a> guests can enjoy a spacious and serene spa, a massage room on the lower deck, with a sauna, a treatment area and steam shower, alongside dedicated gym equipment.<img src="https://photo-assets.superyachttimes.com/photo/396545/image/large-96124345e40d38781c6c2d1262291218.jpg" data-gid="gid://syiq/Photo/396545"><img src="https://photo-assets.superyachttimes.com/photo/396548/image/large-b1057713234562ec3d92e161c3ca7213.jpg" data-gid="gid://syiq/Photo/396548" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">The 499 GT yacht also boasts an outdoor cinema and a firepit forward on the upper deck for evenings under the stars. A selection of state-of-the-art water toys is complemented by a stylish <a data-gid="gid://syiq/Company/5598" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Novamarine (Company)">Novamarine</a> Black Shiver chase boat, extending her exploration and entertainment capabilities.<img src="https://photo-assets.superyachttimes.com/photo/396544/image/large-4e2be92e62159d20b5d3b832b065d4a2.jpg" data-gid="gid://syiq/Photo/396544"><img src="https://photo-assets.superyachttimes.com/photo/396569/image/large-739fd9d6ddca9db4200faf972a5c65f6.jpg" data-gid="gid://syiq/Photo/396569">Inside, <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a> presents a light and airy aesthetic attributed by sand-toned hues and curated Italian artworks. Floor-to-ceiling windows illuminate the open-plan main saloon, where the lounge seamlessly flows to the formal dining, emulating the ambience of a gallery. Her sophisticated yet inviting layout is curated to ensure intuitive movement and comfort throughout.<img src="https://photo-assets.superyachttimes.com/photo/396567/image/large-11f9f696b645b8efaac15b029c28fd1e.jpg" data-gid="gid://syiq/Photo/396567"><img src="https://photo-assets.superyachttimes.com/photo/396568/image/large-a80e499200d7c6a08dd55384c56d55ed.jpg" data-gid="gid://syiq/Photo/396568">The <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> yacht for charter accommodates up to 12 guests across six staterooms, comprising a master suite, three double staterooms and two twin staterooms, all ensuite. Her sumptuous master suite benefits from a private balcony, as well as a spacious ensuite and walk-in wardrobe.<img src="https://photo-assets.superyachttimes.com/photo/396561/image/large-f3c42979e69a343b6274847664c659f7.jpg" data-gid="gid://syiq/Photo/396561"><img src="https://photo-assets.superyachttimes.com/photo/396565/image/large-219f317e50a87002c14bb78a237423f6.jpg" data-gid="gid://syiq/Photo/396565">Moreover, she accommodates a crew of 11 across five quarters. The crew provides a highly personalised charter experience, with service that includes tailored health guidance spanning nutrition to movement.<img src="https://photo-assets.superyachttimes.com/photo/396562/image/large-6f89bf5ec3bbb0a01c34518aefca7f9f.jpg" data-gid="gid://syiq/Photo/396562"><img src="https://photo-assets.superyachttimes.com/photo/396564/image/large-99ffe004019afc2cd27f0f686e84d7dd.jpg" data-gid="gid://syiq/Photo/396564">Powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a> cruises at 12 knots and reaches a top speed of 15 knots, with a range of approximately 4,500 nautical miles at cruising speed.<img src="https://photo-assets.superyachttimes.com/photo/396547/image/large-d4ae5b757ae1b26b0637ba252b1153a6.jpg" data-gid="gid://syiq/Photo/396547"><img src="https://photo-assets.superyachttimes.com/photo/396540/image/large-48d4de799da8b2ad626854ba5f7479b3.jpg" data-gid="gid://syiq/Photo/396540">All images provided courtesy of <a data-gid="gid://syiq/Company/259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Y.CO (Company)">Y.CO</a>.

Onboard the 50m Benetti superyacht Dyna®

The 49.9m Benetti superyacht Dyna R is available for charter with Y.CO in the Mediterranean from May 2026.

Inside Dyna®: The 50m Benetti charter yacht designed as a floating wellness retreat

The 28.93-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> motor yacht <a data-gid="gid://syiq/Yacht/9359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy28.93m (94'11&quot;)Sanlorenzo2021">Legacy</a> has been sold. Tony Lazzara of <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> introduced the buyer, while Ariel Taubas of <a data-gid="gid://syiq/Company/4682" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo Americas (Company)">Sanlorenzo Americas</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/371777/image/large-8d39369ff050e8dc3bd49f13f1565ee1.jpg" data-gid="gid://syiq/Photo/371777">Delivered in 2022, she features naval architecture penned in-house by her Italian builder. Meanwhile, <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a> took charge of the exterior design and <a data-gid="gid://syiq/Company/5443" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Patricia Urquiola (Company)">Studio Patricia Urquiola</a> crafted the interiors.At a volume of 180 GT, she can accommodate up to ten guests across five well-appointed staterooms. Guests can also enjoy the Jacuzzi in the foredeck of the yacht.<a data-gid="gid://syiq/Yacht/9359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy28.93m (94'11&quot;)Sanlorenzo2021">Legacy</a> is built with a GRP hull and superstructure and 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 19 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/9359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy28.93m (94'11&quot;)Sanlorenzo2021">Legacy</a> had a last known asking price of $8,700,000.Photo courtesy of <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a>.

Sanlorenzo yacht Legacy sold

The 28.93-metre Sanlorenzo motor yacht Legacy has been sold.

29m Sanlorenzo motor yacht Legacy sold

The 26.77-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> has been sold with Andrea Gallazzi of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/358752/image/large-08eac157a11d1569886deed3904ae603.png" data-gid="gid://syiq/Photo/358752">Delivered in 2023, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> forms part of the <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> Grande 27 Metri series and was previously known as Catalina. The yacht features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, interiors by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a> and naval architecture developed by <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>.Constructed with a GRP hull and superstructure, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> is characterised by sleek exterior lines, expansive glazing and generous outdoor living spaces. Her flybridge configuration provides multiple areas for dining, lounging and entertaining, while maintaining a strong connection to the sea.With a beam of 6.57-metres and an interior volume of 145 GT, accommodation onboard is arranged for up to 10 guests across five well-appointed staterooms. Additional quarters are provided for a crew of three, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, delivering a cruising speed of 24 knots and a top speed of 28 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> had a last known asking price of €5,900,000. (Image courtesy of&nbsp;<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">Marinemax</a>.)

27m Azimut motor yacht Scudo sold

 The 26.77-metre Azimut motor yacht Scudo has been sold in a deal involving IYC.

Island Capital Group has issued an open letter to the shareholders of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, proposing an acquisition of 100 percent of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>'s Yachting and Marina Related Services. <img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-9384651b02a3c3b8b113c3d33254dc31.jpg" data-gid="gid://syiq/Photo/265731">The private equity and merchant banking firm’s Founder, Chairman and CEO Andrew Farkas outlined a proposal to acquire the YMRS, which include&nbsp;<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>, <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a>, and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.&nbsp;This is not the first proposal that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has received, with rumours circulating last month that its rival <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> had made an "all-cash, $40-a-share offer" for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, following months of private discussions. However, following on from these comments, <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> issued a statement that they "do not comment on market rumours or speculation," leaving the the option for a potential acquisition uncertain.Read:&nbsp;<a data-gid="gid://syiq/Article/60633" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater issues statement over MarineMax acquisition rumours (2024-06-03 16:30:00 +0200)">OneWater issues statement over MarineMax acquisition rumours&nbsp;</a><img src="https://photo-assets.superyachttimes.com/photo/318836/image/large-2af2be45b83cca86b8edbb73d7ab469f.jpg" data-gid="gid://syiq/Photo/318836">Andrew Farkas previously founded and chaired <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> before its sale to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> in 2022 for $480 million. In his open letter to the shareholders of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, he expressed his concerns over the company’s management and strategic direction since the acquisition.“I had every reason to believe that <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> would thrive under its new owner,” commented Andrew Farkas. “However, in the less than two years following the sale, based on publicly available information, the following has occurred.”Farkas continued by detailing several concerning developments since IGY’s integration into <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, stating that the company had reduced its fiscal year 2024 Adjusted EBITDA and Adjusted EPS guidance twice, with significant declines of 27 percent and 43 percent, respectively.&nbsp;He also noted that <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> had not acquired new assets, while competitors had expanded, potentially eroding <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s market position. As well as this, he mentioned that key growth initiatives outlined during the sale had not progressed and that the departure of Tom Mukamal, <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s long-serving and successful CEO, further destabilised the business.“The acquisition of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> has not enhanced <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s valuation or provided any meaningful uplift to the company’s share price,” explained Farkas. “Prior to the news on 2 June 2024 of a rumoured acquisition of the company by <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a>, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s share price was approximately 25 percent lower than where it was at the time of the <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> transaction announcement.”<img src="https://photo-assets.superyachttimes.com/photo/265730/image/large-9f50024dac70c8a6a14a2afb2983061b.jpg" data-gid="gid://syiq/Photo/265730">Farkas asserted that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s management had failed to prioritise the YMRS Business, suggesting that it had viewed it as an afterthought, rather than a strategic asset. He also argued that the distinct nature of the YMRS Business, which focuses on real estate and luxury services, differed significantly from <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s core retail boat business.“It is through this lens that I am making an open proposal to acquire up to a 100 percent interest in the YMRS Business from <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>,” continued Farkas. “Based on publicly available information, we believe that this portfolio of assets is not adequately valued by the public market and thus has added no value to you as shareholders.”In response, ICG proposes acquiring the YMRS assets at a double-digit EBITDA valuation multiple, significantly higher than <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s current trading range of five to six times. This move, according to Farkas, would unlock significant shareholder value, providing <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> with substantial cash reserves to address core business pressures, repurchase stock, deleverage, or pursue strategic acquisitions.“A sale of the YMRS Business would provide a substantial amount of cash for the Company at a time when its core business is under pressure, and the proceeds could be utilised in an accretive fashion to repurchase stock, deliver the company and/or pursue acquisitions in the company’s core business.”He also proposed that ICG would be willing to acquire less than 100 percent of the YMRS Business, although not less than 75 percent. This would allow <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> to retain some of its ownership and potentially benefit from ICG’s growth strategy.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-ca20ccc1813073a1b2aa9dfbcd755ab5.jpg" data-gid="gid://syiq/Photo/265732">Farkas outlined several merits of the proposal such as its high-quality and low risk approach, with the ability to be implemented immediately. He explained that ICG has a growth strategy for the YMRS Business and has also has access to a lower cost of capital investor base.As well as this, he speculated that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> had not created value in the YMRS Business and that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> still owes ICG and affiliates an earnout payment of $67.7 million, which could be favourably addressed as part of the transaction.&nbsp;As Andrew Farkas has prior experience as the controlling owner of IGY, he explained that the proposal would have a “minimal execution risk to complete” and “could move with tremendous speed.”Farkas concluded the letter by emphasising ICG’s readiness to engage with <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s management and board to discuss the proposal’s specifics. He stressed that the transaction could provide a timely and strategic boost to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s financial health and market position.“We believe that a transaction could be completed in as little as 60-90 days, and we stand ready to commence a dialogue with <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s management and board of directors about any aspect of our proposal.”SuperYacht Times has also reached out to <a href="https://sya.superyachttimes.com/companies/marinemax" target="_blank">MarineMax</a> for further comment.

Island Capital Group proposes acquisition of IGY, Fraser, and Northrop & Johnson from MarineMax

IGY Marinas Founder proposes acquisition of IGY, Fraser, and Northrop & Johnson from MarineMax

According to online news publication Bloomberg, <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> is in talks to acquire its larger rival <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-9384651b02a3c3b8b113c3d33254dc31.jpg" data-gid="gid://syiq/Photo/265731">The US-based news company alleged that <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> has made an all-cash, $40-a-share offer for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, following months of private discussions. Bloomberg also reported that according to unnamed sources, the combined company would be valued at about $2.5 billion, including debt.However, <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> has issued the following statement on the rumoured acquisition: “As a matter of policy, we do not comment on market rumors or speculation. <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> is a highly disciplined and seasoned acquirer within the fragmented boating industry.”<img src="https://photo-assets.superyachttimes.com/photo/184954/image/large-cb047084464f2702c524eb07295a896c.jpg" data-gid="gid://syiq/Photo/184954">“Since 2014, we have successfully executed more than 30 acquisitions that have contributed to increased shareholder value. This strong track record is anchored by our ability to meaningfully expand EBITDA of acquired companies through expeditious synergy realisation.”<a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> is one of the largest and fastest-growing premium marine retailers in the United States. <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> operates a total of 96 retail locations, 10 distribution centres and warehouses and multiple online marketplaces in 18 different states, several of which are in the top twenty states for marine retail expenditures.<img src="https://photo-assets.superyachttimes.com/photo/184959/image/large-4c195ac54d5c6528b5d5e0756609d9dc.jpg" data-gid="gid://syiq/Photo/184959"><a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates in around 130 locations, including 83 dealerships, 66 marina and storage facilities, and also owns the brokerage firms <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a> and <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>. In addition, <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a> has grown over the years with the acquisition of companies such as <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> and <a data-gid="gid://syiq/Company/4685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SYM - Superyacht Management (Company)">Superyacht Management (SYM)</a>.&nbsp;If the two companies were to join forces, the combination would result in significant cost savings and long-term earnings growth. <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> is no stranger to takeovers, with the acquisition of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> taking place in 2022 and the closing of &nbsp;Garden State Yacht Sales last month.Read: <a data-gid="gid://syiq/Article/54952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine finalises acquisition of Denison Yachting (2022-04-12 16:00:00 +0200)">OneWater Marine finalises acquisition of Denison Yachting</a><img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-ca20ccc1813073a1b2aa9dfbcd755ab5.jpg" data-gid="gid://syiq/Photo/265732">“<a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> has a strong balance sheet and will continue to prioritise judicious capital allocation and maintain appropriate levels of leverage while evaluating strategic opportunities, enabling us to ensure the short-term, medium-term, and long-term viability of our business,” added <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a>.“Management and the Board of Directors are extremely focused on preserving and enhancing shareholder value. They are squarely aligned with shareholders, given that insiders collectively hold a 17 percent interest in the company.”SuperYacht Times has also reached out to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> for a comment on the rumours.

OneWater in talks to acquire MarineMax  

OneWater Marine has issued an official statement following rumours online of talks to acquire its larger rival MarineMax.

Mergers & Acquisitions

MarineMax issues statement following proposed acquisition by Island Capital Group