The American yachting and boating titan <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has reported its financial results for quarter one of 2023, which ended 31 December 2022. The company has recorded a 7 percent increase in revenue, reaching a record $507.9 million for the quarter. <img src="https://photo-assets.superyachttimes.com/photo/193821/image/large-84422da6a8c3e3c4328fae4425cc98ff.png" data-gid="gid://syiq/Photo/193821">The growth was primarily driven by contributions from strategic acquisitions, including <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> which closed in October 2022. As a result of the current macroeconomic environment and ongoing supply chain challenges, same-store sales declined a modest 1 percent for the quarter, compared with an increase of 9 percent in the first quarter of 2022. <a data-gid="gid://syiq/Article/55716" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax acquires IGY Marinas for $480 million (2022-08-09 14:45:00 +0200)">The company acquired IGY Marines in August for $480 million, the largest acquisition it has made to date</a>.<img src="https://photo-assets.superyachttimes.com/photo/184962/image/large-c9755869f8bda2423ae7ccebcf3e0061.jpg" data-gid="gid://syiq/Photo/184962">Brett McGill, Chief Executive Officer and President, stated, “Our team executed exceptionally well in the first quarter, despite the sustained supply chain constraints and economic uncertainty. We delivered strong top-line growth, record December quarter gross margin, strong positive cash flowsand Adjusted EBITDA, reflecting the strength of our premium brands and the addition of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> to our portfolio. In addition to the <a data-gid="gid://syiq/Article/55716" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax acquires IGY Marinas for $480 million (2022-08-09 14:45:00 +0200)">IGY</a> acquisition, we also expanded with Midcoast Marine Enterprises, while also growing on the technology front, through the formation of a new business, New Wave Innovations. New Wave recently completed the acquisition of Boatzon, the industry’s only 100 percent online boat and marine digital retail platform.”Net income for the quarter ended December 31, 2022 was $19.7 million, or $0.89 per diluted share, compared with net income of $35.9 million, or $1.59 per diluted share, for the same period last year. Adjusted net income was $27.3 million, or $1.24 per diluted share for the quarter ended December 31, 2022. Adjusted EBITDA for the quarter ended December 31, 2022 was $53.2 million, compared with $55.3 million for the same period last year. Adjusted EBITDA, excluding the adjustment for currency changes, was $55.6 million for the quarter ended December 31, 2022.<img src="https://photo-assets.superyachttimes.com/photo/253054/image/large-62edda5afd328047d5a95f10e5be11bf.jpg" data-gid="gid://syiq/Photo/253054">Brett McGill concluded, “Although we are updating our 2023 guidance as a result of current economic uncertainty, we have strong momentum as we move into the remainder of the year. We are backed by one of the strongest balance sheets in the industry, which provides us increased flexibility to remain agile and take advantage of opportunities as they arise. We remain confident that our organic growth opportunities, coupled with attractive strategic acquisitions, position us well for 2023 and beyond. We continue to execute on our strategic growth plan to drive sustainable value for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> stakeholders through a diversified business model built on premium brands, global marinas, world-class services, and innovative technology.”In addition to the ownership of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>, over recent years <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has acquired both <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop and Johnson</a>, firmly securing the conglomerates position in the superyacht industry. SuperYacht Times has recently interviewed Chuck Cashman, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> CRO, and the interview will be published in the upcoming edition of the newspaper. <a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" rel="noopener noreferrer" target="_blank" title="">Follow this link to subscribe to the SYT newspaper and to get the full story on publication in February</a>.

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IGY Marina Malaga

IGY Blue Haven Marina, Turks and Caicos

MarineMax reports record breaking quarterly revenue of $507.9 million

<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 55-metre <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> superyacht <a data-gid="gid://syiq/Yacht/2802" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Step One55.0m (180'5&quot;)Amels2012">Step One</a> sold in a deal with Splinter Fangman of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> introducing the buyer and Inigo Nicholson and Ben Doof from <a data-gid="gid://syiq/Company/5463" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Barnes Yachting (Company)">Barnes Yachting</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/282135/image/large-65e2b2793c6051ac9c92644893e20f30.jpg" data-gid="gid://syiq/Photo/282135">Launched in 2012 as part of the <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> Limited Edition 180 series, <a data-gid="gid://syiq/Yacht/2802" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Step One55.0m (180'5&quot;)Amels2012">Step One</a> features exterior design by <a data-gid="gid://syiq/Company/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tim Heywood Design Ltd. (Company)">Tim Heywood Design</a>, interior design penned by <a data-gid="gid://syiq/Company/88" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Laura Sessa (Company)">Studio Laura Sessa</a> and naval architecture by her Dutch builder, <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a>.&nbsp;Built with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/2802" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Step One55.0m (180'5&quot;)Amels2012">Step One</a> underwent a refit in 2019 at the <a data-gid="gid://syiq/Company/590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Thunderbolt Marine (Company)">Thunderbolt Marine</a> facility in Savannah, USA, leaving her in good condition for her new owner. <img src="https://photo-assets.superyachttimes.com/photo/282134/image/large-81f814c9c39be8e01070e163a0a1b394.jpeg" data-gid="gid://syiq/Photo/282134">Spanning 672 GT, <a data-gid="gid://syiq/Yacht/2802" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Step One55.0m (180'5&quot;)Amels2012">Step One</a> can comfortably accommodate up to 10 guests across five staterooms, with her ensuite master suite situated on the main deck, alongside an office and walk-in wardrobe.&nbsp;Key features onboard <a data-gid="gid://syiq/Yacht/2802" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Step One55.0m (180'5&quot;)Amels2012">Step One</a> include a touch-and-go helipad for enhanced exploration, alongside an impressive beach club complete with a steam room, large swim platform and a spacious toy garage.<img src="https://photo-assets.superyachttimes.com/photo/282136/image/large-4dd19a9d2c148652f63bd7adb79b4da2.jpeg" data-gid="gid://syiq/Photo/282136">Her split-level sundeck is equipped with a shaded dining area, bar, barbeque and a Jacuzzi, while her upper deck lounge also functions as a piano bar and saloon. Powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 16V 2000 M70 engines with 1,410 horsepower each, <a data-gid="gid://syiq/Yacht/2802" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Step One55.0m (180'5&quot;)Amels2012">Step One</a> can reach a top speed of 15.5 knots and a cruising speed of 13 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/2802" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Step One55.0m (180'5&quot;)Amels2012">Step One</a> had a last known asking price of $31,900,000.&nbsp;

Step One: 55m Amels yacht sold

The 55-metre Amels superyacht Step One sold with a last known asking price of $31,900,000. 

55m Amels superyacht Step One sold

Leona Caanen sat down with Richard Hadida, long-time sailor, owner and chairman of&nbsp;<a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yachts</a>, who is currently on a 16-month journey to circumnavigate the globe with fellow&nbsp;<a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yacht</a>&nbsp;owners.&nbsp;Sailing around the San Blas islands off the coast of Panama is Richard Hadida, a life-long sailor and, since 2018 the owner of the UK-based <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yachts</a>. Joining Richard in the azure blue waters of Panama are another 23 <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> sailing yachts, preparing to cross the Panama Canal and head towards French Polynesia. The reason? The 2026-27 Oyster World Rally.<img src="https://photo-assets.superyachttimes.com/photo/378811/image/large-09e42b8e3770ce85e64a241b12171e1d.jpg" data-gid="gid://syiq/Photo/378811">The rally around the worldWhat started in 2013, has turned into a well-loved tradition for <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yacht</a> owners. Every two years, a group of owners set out to circumnavigate the globe together over the course of 16 months. The only requirement is owning an <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yacht</a>. When Richard took over ownership of the shipyard, the rally was well underway: “They were all in New Zealand and didn't know what was happening; they were nervous it was all going to be over.”<img src="https://photo-assets.superyachttimes.com/photo/393554/image/large-a46b63aab5a0e574b8b0b04078059147.png" data-gid="gid://syiq/Photo/393554">Almost immediately, Richard sent someone out there and said, “Look, you know, we've picked it up. We'll look after you guys. Don't worry. Everything's good.” He kept true to his promise, and, minus a pandemic-related hiccup, the rally has happened every other year. Richard notes that, throughout the past eight years “There's been lots and lots of ups along the way, but my highlight is this rally.”The route is the same each rally, starting in the Antigua harbour, heading south and through the Panama Canal before sailing towards French Polynesia, Australia and the Great Barrier Reef, followed by island hopping in Indonesia, around the Cape of Good Hope, before returning to the starting point. <img src="https://photo-assets.superyachttimes.com/photo/378813/image/large-f6e264dfd96b0c95a19266c04a03c9e9.jpg" data-gid="gid://syiq/Photo/378813">An important distinction is that the rally is not a race. Rather, it is a shared passage around the world that blends exploration with the reassurance of a structured support network. Richard emphasises that the <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oysters</a> are well-cared for, “we fly out our best engineers and they fix all the little teething, little snagging issues. We know our own boats, right? We have the designs. We know every single detail.” It’s a sense of service that provides comfort for everyone involved, as well as those at home.<img src="https://photo-assets.superyachttimes.com/photo/393558/image/large-f6540711463b84f7c7f3daf1d2f48eb0.jpg" data-gid="gid://syiq/Photo/393558">Partaking in tradition“It’s always been in my mind's eye, partaking in the rally, as something I'd love to do.” Discussing the ideal timeline with his wife, they were considering either 2028 or 2030, “suddenly we were like, why wouldn't we do it now?” Richard shares, “it was like a revelation.” Thus began the preparations for the 2026 rally onboard his <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> 885, <a data-gid="gid://syiq/Yacht/6352" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lush27.08m (88'10&quot;)Oyster Yachts2012">Lush</a>.<a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster Yachts</a> are built for what Richard describes as ‘blue water’ capability: yachts designed for long distance ocean passage. Construction quality, redundancy in systems and a focus on safety all play a role in enabling owners to undertake global voyages with confidence. Richard’s yacht, <a data-gid="gid://syiq/Yacht/6352" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lush27.08m (88'10&quot;)Oyster Yachts2012">Lush</a>, has crossed the Atlantic twenty times, “she’s twelve years old and she’s already circumnavigated once before. You feel the strength and the security when you’re sailing.”<img src="https://photo-assets.superyachttimes.com/photo/393555/image/large-0abb38e810c7944d433ff5b80a391cf3.jpeg" data-gid="gid://syiq/Photo/393555">Yet despite this capability and the trust in the build, each participating yacht and its crew need to undergo a certain level of training. Participants spend up to a year attending seminars and training sessions covering everything from offshore navigation to safety procedures. Survival courses, fire training and life raft drills form part of the preparation, ensuring that every sailor understands how to respond in an emergency.Additionally, weather routing specialists monitor conditions throughout the voyage, advising the fleet and each vessel carries satellite tracking equipment so that the rally organisers can follow the fleet’s progress in real time.<img src="https://photo-assets.superyachttimes.com/photo/396105/image/large-8b5d727cc491eebd0fb5df4f2d7b05e6.jpg" data-gid="gid://syiq/Photo/396105">Slow sailingCircumnavigation can be completed far faster than 16 months. The <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> World Rally intentionally chooses a slower rhythm. The aim is not simply to cross oceans but to absorb the places along the way. “There’s something about travelling slowly,” Richard notes. “You cover every mile and you feel the world changing around you. The temperature shifts, the time zones change, and you understand exactly where you are.”Weeks have been spent among the San Blas Islands, an archipelago of more than 300 islands, where instead of rushing onward, the fleet lingered for days, exploring remote anchorages and travelling inland to jungle waterfalls between sailing passages.The ability to enjoy such slow travel is thanks to certain luxuries the likes of Starlink, which keep Richard and fellow sailors connected to life back home. While the bulk of time is spent sailing and adventuring with his wife, sons and crew, there’s also the opportunity to take work calls. “It’s extraordinary,” Richard notes, “you can go on an adventure in the middle of the day, come back to the boat, and carry on with work.” True to his word, Richard ends our call to go crocodile-spotting with his youngest son.<img src="https://photo-assets.superyachttimes.com/photo/393556/image/large-6feb41da1249d7e2cef2c14e05ea49e7.jpg" data-gid="gid://syiq/Photo/393556">Travelling with purposeA newer dimension of the rally is the concept of regenerative tourism, an approach that encourages sailors to leave a positive impact on the destinations they visit. Unlike traditional sustainability initiatives that focus primarily on reducing harm, regenerative tourism seeks to actively improve the environments and communities encountered along the way.&nbsp;Activities range from environmental awareness projects to supporting local conservation initiatives. “It could be awareness, it could be picking up plastic, it could be supporting conservation,” Richard explains. “The idea is that we leave a place slightly better than we found it.”One upcoming stop highlights that ambition. In the Galápagos Islands, the fleet will host a series of discussions led by Sarah Darwin, the great-great-granddaughter of Charles Darwin, who is involved in ecological restoration projects in the archipelago. <img src="https://photo-assets.superyachttimes.com/photo/396091/image/large-94301c4c375b86a2cd7253c448878fd6.jpg" data-gid="gid://syiq/Photo/396091">A family voyagePerhaps the most striking element of Richard’s participation is that he gets to share it with his wife and youngest son, who are also onboard <a data-gid="gid://syiq/Yacht/6352" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lush27.08m (88'10&quot;)Oyster Yachts2012">Lush</a>. “My two older sons are now 21 or 19, but when they were like 10, I was watching them jump off the side, and now I've got my two-year-old growing up on the same boat; I love that.”“I’m not someone who likes disposable things,” he says. “This boat has memories in it. My children have grown up on board.” <img src="https://photo-assets.superyachttimes.com/photo/396104/image/large-e045835f24ba5410d34358ef61375d82.jpg" data-gid="gid://syiq/Photo/396104">A year of sailingHaving started the <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> World Rally this January in Antigua, the sailors are, at time of writing, well underway towards the Galápagos islands and tend to be very happy there is still so much sailing to go.For many sailors, the end of the journey arrives with mixed emotions: some find it difficult to return to land after spending all this time out at sea. Richard understands the sentiment, “once you begin to experience the world at the pace of a sailing yacht, the idea of rushing through it again feels strangely unfamiliar. You realise the world is vast, and you’re seeing it properly.”&nbsp;The <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> World Rally may follow a charted route around the globe. Yet for those onboard, the real voyage lies in discovering how large, and yet how connected, that world can be. “There’s something magical about it,” Richard notes.<img src="https://photo-assets.superyachttimes.com/photo/393550/image/large-3d80ac007ca3f58263d6eac9af835c80.png" data-gid="gid://syiq/Photo/393550">

Richard Hadida Oyster World Rally 2026

Richard Hadida, long-time sailor and owner & chairman of Oyster Yachts joins the 2026 Oyster World Rally onboard 27m Lush.

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Richard Hadida: A 16-month circumnavigation onboard his 27m yacht Lush

The 23.64-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&nbsp;<a data-gid="gid://syiq/Yacht/17147" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ma Belle 23.64m (77'7&quot;)Azimut Yachts2022">Ma Belle</a> is currently for sale with Sotiris Konstantakis of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> and <a data-gid="gid://syiq/Company/5642" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Israel (Company)">Azimut Israel</a>.<img src="https://photo-assets.superyachttimes.com/photo/395602/image/large-3e59bda09a78b4870acd88f342f600d5.jpg" data-gid="gid://syiq/Photo/395602">Delivered in 2022 by the Italian shipyard, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> hails from <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>'s popular 78 Fly series. She 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>, while her interiors were penned by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</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>.<img src="https://photo-assets.superyachttimes.com/photo/396179/image/large-f9cd0b9f267bea5d05fdd41af6a24c93.jpeg" data-gid="gid://syiq/Photo/396179">Constructed with a GRP hull and superstructure, the flybridge <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> boasts sleek exterior lines and expansive glazing.<img src="https://photo-assets.superyachttimes.com/photo/396178/image/large-0c5302e736fece7e4200d53af7308293.jpeg" data-gid="gid://syiq/Photo/396178">Outside, 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> boasts generous deck spaces comprising a foredeck lounge with sunpads and lounge seating for guests to soak in the sun while enjoying the ocean views. Moreover, entertaining is centred around a flybridge with a hard top that is among the largest in her class, fitted with a wet bar, shaded dining areas, and an aft cockpit overlooking the water.<img src="https://photo-assets.superyachttimes.com/photo/396180/image/large-d9a173157849750dd7abddca70fc3b71.jpeg" data-gid="gid://syiq/Photo/396180">Inside, 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> boasts a <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a> contemporary interior, characterised by light oak finishes, neutral furnishings and large windows letting in plenty of natural light throughout her living spaces. Thanks to an open-plan layout, the interior feels bright and welcoming, while guest accommodation continues the yacht's minimal design language.<img src="https://photo-assets.superyachttimes.com/photo/396161/image/large-48260c8dd61b698546207b60097844d7.jpg" data-gid="gid://syiq/Photo/396161"><img src="https://photo-assets.superyachttimes.com/photo/396198/image/large-1d88b3e41a625dd9360d9d405b404aaf.jpg" data-gid="gid://syiq/Photo/396198">Additional key features onboard include a Seakeeper stabilisation system for comfort underway and at anchor, joystick docking, and a Bose home cinema system in both her main saloon and master suite, alongside an improved toy storage thanks to her IPS configuration.<img src="https://photo-assets.superyachttimes.com/photo/396165/image/large-20dd5d4dcbf67e1e4cd42141f902132f.jpg" data-gid="gid://syiq/Photo/396165">With a beam of 5.75-metres and an internal volume of 62 GT, accommodation onboard the <a data-gid="gid://syiq/Yacht/17147" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ma Belle 23.64m (77'7&quot;)Azimut Yachts2022">yacht Ma Belle for sale</a> is arranged for up to eight guests across a four-stateroom layout, including a full-beam master suite. Dedicated quarters are provided for a crew of four, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/396166/image/large-4ed6d7a695ecaac60d57cc8d62107bdc.jpg" data-gid="gid://syiq/Photo/396166"><img src="https://photo-assets.superyachttimes.com/photo/396173/image/large-84307e5a467493cc8b76a71fc3373457.jpg" data-gid="gid://syiq/Photo/396173">In terms of performance, the <a data-gid="gid://syiq/Yacht/17147" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ma Belle 23.64m (77'7&quot;)Azimut Yachts2022">yacht Ma Belle for sale</a> is powered by triple <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> IPS engines, delivering a cruising speed of 24 knots and a top speed of 33 knots.<img src="https://photo-assets.superyachttimes.com/photo/396200/image/large-81d005e5fc6910a8ad6a4d12d03b6f84.jpeg" data-gid="gid://syiq/Photo/396200">

24m Azimut yacht Ma Belle for sale

For more than 150 years, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has built its reputation on engineering excellence, delivering some of the world's most iconic superyachts. Yet behind the celebrated new-build programme lies another cornerstone of the German shipyard's offering: a comprehensive refit and services division that combines the same craftsmanship, innovation and technical expertise with a proactive approach to yacht ownership.<img src="https://photo-assets.superyachttimes.com/photo/395685/image/large-6c0d99789964811f27b5ed79d23b7e34.jpg" data-gid="gid://syiq/Photo/395685">Operating across one of the largest yacht-building infrastructures in the world, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s refit capabilities are available not only to yachts built by the shipyard itself, but to the entire global fleet. From routine maintenance and scheduled surveys to major conversions and sustainability upgrades, the shipyard has positioned itself as a destination for owners seeking complex solutions delivered to the highest standards.Scale, expertise and innovation<a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s shipyard network spans northern Germany, supported by a design centre in Croatia and a sales office in Fort Lauderdale. At the heart of its refit operation is the former <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm &amp; Voss</a> shipyard in Hamburg, acquired by <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> in 2016.Covering 451,000 square-metres and featuring seven docks, the Hamburg facility represents approximately 40 percent of the Group's total shipyard footprint. With Lürssen's legacy for complex new-build projects at its other facilities, owners benefit from the same level of engineering knowledge, project management expertise and highly skilled workforce responsible for delivering some of the industry's most advanced yachts.This integration creates a distinct advantage when tackling technically demanding projects. Whether undertaking a major structural modification, a complete interior transformation or a full vessel conversion, clients gain access to the resources and experience of a shipyard accustomed to solving complex engineering challenges.Since acquiring the Hamburg site, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has redelivered nearly 100 yachts, with close to half a kilometre of yachts undergoing refit work at the facility during the past 12 months alone.<img src="https://photo-assets.superyachttimes.com/photo/395684/image/large-e860b8408cb8573130a03c0e4ccc63a4.jpg" data-gid="gid://syiq/Photo/395684">A solution for every ownerWhile commissioning a custom new-build remains the ultimate expression of yacht ownership, lengthy construction schedules are often an unavoidable reality. For owners seeking a faster route to a highly personalised yacht, refit and conversion projects offer a compelling alternative.By identifying the right platform and investing in a carefully planned transformation, owners can create a yacht tailored to their individual requirements within a significantly shorter timeframe than a new construction project.The opportunities extend far beyond cosmetic upgrades. Leveraging its commercial shipbuilding heritage, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> is increasingly involved in large-scale conversion projects, transforming robust offshore and industrial vessels into capable exploration yachts designed for extended global cruising.These vessels, originally engineered to operate in demanding environments, provide strong foundations for owners seeking expedition capabilities without compromising on comfort, luxury or autonomy.<img src="https://photo-assets.superyachttimes.com/photo/395663/image/large-fff7a51890ff3bb2699f3ff16be929a6.jpg" data-gid="gid://syiq/Photo/395663">Advancing sustainability through practical solutionsAs environmental considerations continue to shape the future of yachting, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> Refit &amp; Services is also helping owners reduce operational emissions through carefully assessed sustainability programmes.Every project begins with detailed feasibility studies, ensuring proposed upgrades align with the yacht's operational profile and owner requirements. Rather than prescribing a single solution, the shipyard focuses on identifying the most effective measures for each individual vessel.Depending on the programme, improvements can range from LED lighting upgrades and intelligent motion-sensing systems to advanced heat recovery technology and sophisticated energy management platforms that optimise onboard power consumption.Many of these initiatives can be incorporated into larger refit schedules, allowing owners to enhance efficiency while minimising disruption to cruising plans.<img src="https://photo-assets.superyachttimes.com/photo/395686/image/large-760964d6aac379d57a85ccebad544ef4.jpg" data-gid="gid://syiq/Photo/395686">Supporting yachts beyond the shipyard<a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s commitment to owners extends well beyond the completion of a refit project. Through its Fast Operations and Response Unit (FORU), the shipyard provides global technical support for large yachts, with specialist teams regularly deployed to resolve operational issues around the world.Many repairs can be completed remotely, at anchor or alongside, reducing downtime and ensuring yachts remain where they are intended to be: on the water and in active use.This lifecycle-focused approach is further supported by dedicated maintenance planning, extensive spare parts inventories and round-the-clock assistance, giving owners access to the expertise of one of the industry's most experienced shipbuilding organisations wherever their yacht may be operating.<img src="https://photo-assets.superyachttimes.com/photo/395662/image/large-55a116c30cdaae0fb2a686b8dc25cbbc.jpg" data-gid="gid://syiq/Photo/395662">A partner for the global fleetFrom scheduled class surveys and technical upgrades to complete vessel conversions, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s refit division offers owners access to the same standards of engineering, craftsmanship and project execution that have defined the shipyard's new-build programme for generations.For owners seeking to extend a yacht's lifespan, improve performance or unlock new capabilities, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> Refit &amp; Services provides a pathway to maximise value while ensuring vessels continue to evolve alongside the demands of modern ownership.As the shipyard continues to expand its refit activities, one message remains clear: regardless of where a yacht was originally built, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s expertise is available to the entire global fleet.

Lürssen refit yacht shipyard 

For more than 150 years, Lürssen has built its reputation on engineering excellence, delivering some of the world's most iconic superyachts.

Why owners are turning to Lürssen for complex refit and conversion projects

Italian yacht builder <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> has announced the launch of the 69.7-metre custom superyacht <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a> from the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> Superyacht Yard in Ancona.<img src="https://photo-assets.superyachttimes.com/photo/396076/image/large-f645ec7c3870794ae7ea2c24efb1c285.jpg" data-gid="gid://syiq/Photo/396076"> <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a> was first announced in September 2023, with the yacht seen outside the shed for the first time in May 2024 when she was transported to the yard in Ancona for outfitting.Built with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a> brings together <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> and <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s Superyacht Division, with <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack Yacht Design</a> which were responsible for her exterior lines, preliminary naval architecture and general arrangement.<img src="https://photo-assets.superyachttimes.com/photo/396084/image/large-79814660dbb43f8d0e8e324159c49142.jpg" data-gid="gid://syiq/Photo/396084">Also known as CRN 145, <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a> is characterised by a classic elongated bow and a sleek profile, which paired together mirror the graceful lines of sailboats. This is complemented by her gently curved bilges and seamless surfaces, as well as a classic colour scheme of a deep blue hull, and white superstructure, accented by a red bootstripe close to her waterline.&nbsp;Milan-based <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> developed both her interior concept and the exterior social spaces, while <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> has overseen the yacht’s engineering, the final definition of naval architecture and general arrangements, as well as overall project management through to delivery.<img src="https://photo-assets.superyachttimes.com/photo/396083/image/large-aec99c9840f00e343e94d23e14244c47.jpg" data-gid="gid://syiq/Photo/396083">Her interior design has been developed around the relationship between functionality and aesthetics, with attention given to detailing and material selection. <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> has worked closely with the shipyard throughout the design and production phases, focusing on both the overall architectural layout of the spaces and the finer elements of detailing.Read more:&nbsp;<a data-gid="gid://syiq/Article/63921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crossing Borders: Building Project Thunderball (2025-07-30 12:30:00 +0200)">Crossing Borders: Building Project Thunderball</a><img src="https://photo-assets.superyachttimes.com/photo/396080/image/large-9d23deb9c676e32f776e64466ff9ace2.jpg" data-gid="gid://syiq/Photo/396080"><a data-gid="gid://syiq/Company/259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Y.CO (Company)">Y.CO</a> acted as the owner’s representative and project management team, providing technical oversight throughout the build. Working alongside the shipyard, they coordinated third-party suppliers and managed inspection, supervision and acceptance processes to ensure alignment with the owner’s requirements.With an 11-metre beam and a gross tonnage of 1,100 GT, <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a> is designed to accommodate up to 12 guests, across an owner’s suite and five VIP staterooms. Crew accommodation is also provided for up to 15 across nine cabins.<img src="https://photo-assets.superyachttimes.com/photo/396078/image/large-f68150a34f94cc582fcde37465b002da.jpg" data-gid="gid://syiq/Photo/396078"><a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a>’s onboard systems have been integrated into her design wherever possible, with components concealed or visually adapted to suit their surroundings. The emphasis has been placed on functionality and finish rather than overt technical expression.<img src="https://photo-assets.superyachttimes.com/photo/396077/image/large-c0b8e301d15dbf764d62c2c8e690adaa.jpg" data-gid="gid://syiq/Photo/396077">From a technical perspective, the yacht is equipped with an Energy Storage System intended to manage onboard energy flows according to operational requirements. The system is designed to enable peak shaving and silent operation at anchor, contributing to reduced fuel consumption in certain operating modes.<img src="https://photo-assets.superyachttimes.com/photo/396079/image/large-1aeed783f66388ce1b6a27c69b7e10a6.jpg" data-gid="gid://syiq/Photo/396079">In terms of propulsion, <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</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> V12 engines, rated at 1,213kW each, giving the yacht a top speed of 15.5 knots and a cruising speed of 12 knots.In the coming months, work will continue on <a data-gid="gid://syiq/Yacht/12411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cerulean69.7m (228'8&quot;)CRN2026">Project Thunderball</a>'s interior and exterior outfitting, as well as sea trials, before handover to her owner, which is scheduled for summer 2026.(Images courtesy of CRN Yachts.)

Project Thunderball: 70m custom CRN yacht launched

CRN has announced the launch of the 69.7-metre custom superyacht Project Thunderball from the Ferretti Group Superyacht Yard in Ancona. 

70m custom CRN yacht Project Thunderball launched

The 35-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/7023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pantera35.0m (114'10&quot;)Azimut Yachts2019">Pantera</a> is for sale with Hans Van Doornmalen and Antonio de Yturbe Redo of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>. Currently located in Genoa, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is presented to the market following the completion of her five-year <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a> Special Survey in April 2026.<img src="https://photo-assets.superyachttimes.com/photo/5788/image/large-cd91f7e1100ccec73d209ce592134c0e.jpg" data-gid="gid://syiq/Photo/5788">Delivered in 2019 by <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>, <a data-gid="gid://syiq/Yacht/7023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pantera35.0m (114'10&quot;)Azimut Yachts2019">Pantera</a> hails from the Azimut Grande 35 Metri series. She 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>, with interiors penned by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a>. Her naval architecture was crafted by <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">PierLuigi Ausonio Naval Architecture</a>.<img src="https://photo-assets.superyachttimes.com/photo/197780/image/large-0e8b303d5d903eb1e036ff7f2977fda2.png" data-gid="gid://syiq/Photo/197780" 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);">Constructed with a GRP hull and superstructure, the tri-deck <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has a beam of 7.5-metres and a draft of 1.91-metres.<img src="https://photo-assets.superyachttimes.com/photo/197781/image/large-32dba33fa1de7312d31a3a9fc56a3fef.png" data-gid="gid://syiq/Photo/197781">On deck, the <a data-gid="gid://syiq/Yacht/7023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pantera35.0m (114'10&quot;)Azimut Yachts2019">yacht Pantera for sale&nbsp;</a>offers a range of outdoor living spaces for socialising and relaxation. Across her tri-deck layout, guests may unwind in her lounging and dining areas or soak in the sun and panoramic ocean views on her beach club. Moreover, a private fold-out balcony extends from the owner’s suite, providing a closer connection to the sea.<img src="https://photo-assets.superyachttimes.com/photo/197775/image/large-72f57b8de49b7bdca254d11343b3205d.png" data-gid="gid://syiq/Photo/197775">Inside, 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> embraces a contemporary interior defined by soft curves and a neutral palette. Her main saloon is arranged to create a calm and residential-style atmosphere, with expansive glazing letting in plenty of natural light as well as the views of the surrounding seascape.<img src="https://photo-assets.superyachttimes.com/photo/197777/image/large-14ffea822a92c36029b3d53bb741ef04.png" data-gid="gid://syiq/Photo/197777"><img src="https://photo-assets.superyachttimes.com/photo/197778/image/large-21e9da334ee478dd1bd369f3aa2a232f.png" data-gid="gid://syiq/Photo/197778">Accommodation onboard the 269 GT <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is arranged for up to 12 guests across five well-appointed staterooms. Dedicated quarters are provided for up to seven crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/197776/image/large-7e4c7a00953cb475cee382e8d309763f.png" data-gid="gid://syiq/Photo/197776">In terms of propulsion, <a data-gid="gid://syiq/Yacht/7023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pantera35.0m (114'10&quot;)Azimut Yachts2019">Pantera</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, which deliver a cruising speed of 21 knots and a top speed of 25 knots. Images courtesy of&nbsp;<a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>.&nbsp;

Azimut motor yacht Pantera for sale

The 35m Azimut motor yacht Pantera has been listed for sale with Edmiston, featuring a tri-deck layout and Italian design

35m Azimut motor yacht Pantera for sale

The 27.74-metre classic American fantail motor yacht <a data-gid="gid://syiq/Yacht/17146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Innisfail27.74m (91'0&quot;)Mathis Yacht Building Co1939">Innisfail</a> is on the market. Delivered in 1939, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> was previously known as&nbsp;El Presidente and is a World War II veteran that has served numerous U.S. Presidents throughout her distinguished history.<img src="https://photo-assets.superyachttimes.com/photo/396006/image/large-3b68220f51968e137a482967995301ff.jpg" data-gid="gid://syiq/Photo/396006">Built by the <a data-gid="gid://syiq/Company/3718" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mathis Yacht Building Co (Company)">Mathis Yacht Building Company</a> to a design by <a data-gid="gid://syiq/Company/7973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="John Trumpy (Company)">John Trumpy</a>, <a data-gid="gid://syiq/Yacht/17146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Innisfail27.74m (91'0&quot;)Mathis Yacht Building Co1939">Innisfail</a> benefited from a refit in 2007. With a volume of 89 GT, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale</a> can accommodate up to six guests across three staterooms, including an owner's suite. Additional accommodation is provided for crew in three cabins, and the yacht has also undergone USCG inspection for up to 65 passengers.<img src="https://photo-assets.superyachttimes.com/photo/395998/image/large-978eb619bd65e81b341f5af323e7707e.jpg" data-gid="gid://syiq/Photo/395998"><img src="https://photo-assets.superyachttimes.com/photo/396000/image/large-ae65ebbb1f6c5ba88492386034c76d6e.jpg" data-gid="gid://syiq/Photo/396000">Constructed with a wooden hull, the <a href="https://www.superyachttimes.com/yachts/innisfail" target="_blank">yacht Innisfail for sale</a> offers a warm and inviting interior characterised by classic craftsmanship and a homely atmosphere. The main saloon is bathed in natural light thanks to generous windows and features comfortable seating areas for relaxation. Throughout the interior, white finishes are complemented by rich wood detailing.<img src="https://photo-assets.superyachttimes.com/photo/396001/image/large-0b6d9b81abc5102f8690cf1657da81b6.jpg" data-gid="gid://syiq/Photo/396001"><img src="https://photo-assets.superyachttimes.com/photo/395996/image/large-34b2097d40b1cc40afcbc703baddfed3.jpg" data-gid="gid://syiq/Photo/395996">Moving outside, guests can enjoy a spacious aft deck designed for alfresco dining and entertaining, with uninterrupted views of the surrounding seascape. Additional lounging areas can be found on both the flybridge and foredeck, providing multiple spaces from which to enjoy life on the water.<img src="https://photo-assets.superyachttimes.com/photo/396008/image/large-2ae8ac48e58ddf9228b76cdf7db3a282.jpg" data-gid="gid://syiq/Photo/396008"><img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/396003/image/large-84acaaa6a5d339505847c03ef5b6bac4.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20260604%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260604T052453Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=78a610fb80018ba7b5b608f648569120041a307c7da8d1359f04af42ef9a57d5" data-gid="gid://syiq/Photo/396003">In terms of performance, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=mathis-yacht-building-co" target="_blank">Mathis yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1497" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Detroit Diesel (Company)">Detroit Diesel</a> engines, delivering a cruising speed of 8 knots and a top speed of 11.5 knots.

motor yacht Innisfail for sale

The 27.74-metre classic American fantail motor yacht Innisfail is on the market.

28m pre-war classic yacht Innisfail for sale

<img src="https://photo-assets.superyachttimes.com/photo/396010/image/large-f907bd3a032d83f09dcd6772bcbe659d.jpg" data-gid="gid://syiq/Photo/396010">The 67.15-metre <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> support vessel <a data-gid="gid://syiq/Yacht/4532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalm67.15m (220'4&quot;)Damen Yachting2014">Kalm</a> was spotted cruising off Málaga last Saturday.Previously named 6711 Geo and Dapple, she was delivered by her builder in 2014. The vessel features exterior design by <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting’s</a> in-house team, while her interiors were created in collaboration with British designer <a data-gid="gid://syiq/Company/2091" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mark Berryman Design Ltd (Company)">Mark Berryman</a>.<a data-gid="gid://syiq/Yacht/4532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalm67.15m (220'4&quot;)Damen Yachting2014">Kalm</a> benefitted from a refit at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Group</a> in Barcelona between 2023 and 2024. She can accommodate up to 20 crew, including the captain. Notable onboard features include a built-in decompression chamber, a dive store comparable in quality to those found on military vessels, a fully commercial helideck with a maximum take-off weight of 4,850 kilograms, and an expansive aft deck dedicated to watercraft operations, including space for a submarine.In terms of performance, <a data-gid="gid://syiq/Yacht/4532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalm67.15m (220'4&quot;)Damen Yachting2014">Kalm</a> is powered by four engines, enabling a cruising speed of 15 knots and a top speed of 22 knots.

Damen support vessel Kalm in Málaga

The 67.15-metre Damen Yachting support vessel Kalm was spotted cruising off Málaga last Saturday.

67m Damen Yachting support vessel Kalm in Málaga

The largest yachts in Saint Tropez

We take a look at some of the largest yachts recently in Saint Tropez below.

Spotted: The largest yachts in Saint Tropez

<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 launch of the first 49.9-metre <a data-gid="gid://syiq/Yacht/13932" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Fast 50/0149.9m (163'9&quot;)Baglietto S.p.A.2026">FAST50 yacht</a> from its shipyard in La Spezia, Italy. The yacht is the debut unit in the Italian shipyard’s new FAST50 series, introducing a new generation of aluminium superyachts combining high-performance, generous volumes, and aggressive styling.<img src="https://photo-assets.superyachttimes.com/photo/395886/image/large-26d5b7f1e0ee1e363785c3eb868454d2.jpg" data-gid="gid://syiq/Photo/395886" 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;"> The <a data-gid="gid://syiq/Yacht/13932" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Fast 50/0149.9m (163'9&quot;)Baglietto S.p.A.2026">FAST50 yacht</a> was first unveiled as <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>’s flagship fast yacht concept in February 2024, combining the performance capabilities of the shipyard’s historic aluminium builds with the volumes and liveability typically associated with larger displacement yachts. <a data-gid="gid://syiq/Article/59694" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto introduces Francesco Paszkowski-designed X50 and FAST50 superyachts (2024-02-08 15:45:00 +0100)">Read: Baglietto introduces Francesco Paszkowski-designed X50 and FAST50 superyachts</a> According to her builder, the model has been developed to reinterpret through a contemporary lens the legacy of iconic Baglietto fast yachts such as <a data-gid="gid://syiq/Yacht/1635" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adler36.0m (118'1&quot;)Baglietto S.p.A.1987">Adler</a>, Pachamama and the Compasso d’Oro-winning <a data-gid="gid://syiq/Yacht/2036" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monokini44.0m (144'4&quot;)Baglietto S.p.A.2013">Monokini</a>. “With the <a data-gid="gid://syiq/Yacht/13932" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Fast 50/0149.9m (163'9&quot;)Baglietto S.p.A.2026">FAST50</a>, we wanted to reinterpret <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>’s most authentic DNA- that of the large, high-performance aluminium yachts that shaped the shipyard’s history- translating it into a contemporary platform capable of combining performance, comfort and extraordinary liveability,” commented Fabio Ermetto, Chief Commercial Officer at <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a>. “This project perfectly represents our vision: sporty yachts with a strong identity, yet architecturally and technically advanced, and deeply tailored around the owner’s lifestyle.” Built entirely in aluminium, the FAST50 features exterior design by <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a>, who also collaborated with <a data-gid="gid://syiq/Company/6365" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Margherita Casprini (Company)">Margherita Casprini</a> on the interior design. Her naval architecture was crafted by <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">Pierluigi Ausonio Naval Architecture</a>.<img src="https://photo-assets.superyachttimes.com/photo/395885/image/large-0f0cbb8a980f43063a7800f391c1bc74.jpg" data-gid="gid://syiq/Photo/395885" 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);">Throughout the project, <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 drawn inspiration from the automotive sector, with integrated air intakes, sports car-inspired stern fairleads and a bespoke “Porsche Chalk” hull colour developed using a custom Boero paint cycle.A key feature of the <a data-gid="gid://syiq/Yacht/13932" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Fast 50/0149.9m (163'9&quot;)Baglietto S.p.A.2026">FAST50</a> is her two-level stern, which is fitted with several innovative features introduced on the T-line, including the yard’s signature fold-down bulwarks that extend the beach club area closer to the water, alongside a hidden transformer replacing the traditional passerelle to keep the yacht’s sleek look. In addition, the yacht’s indoor and outdoor areas are seamlessly connected thanks to her full-height windows and Baglietto’s signature “cut-out” bulwarks, which strengthen connection to the sea.On her upper deck, a veranda that opens on three sides hosts a panoramic dining room, while her foredeck features a lounge area, sunpads and a Jacuzzi located at the bow. Moreover, a rooftop, rare for yachts of her category, serves as a private retreat where guests can dine, lounge, and relax.Furthermore, a stern garage with a flooding launch system is capable of accommodating a tender up to seven-metres, alongside a second garage forward.The yacht's interiors have been designed to complement the exterior design. Lacquered surfaces, experimental woods such as burnt oak, and artistic lighting all harmoniously contribute to her contemporary design profile. Lightweight materials were favoured over heavier marble and natural stone to support the yacht's high-performance credentials, with even the exterior handrails crafted from titanium to optimise weight.Unlike many of the shipyard’s earlier fast yachts, the <a data-gid="gid://syiq/Yacht/13932" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto Fast 50/0149.9m (163'9&quot;)Baglietto S.p.A.2026">FAST50 yacht</a> has been developed across three full decks, featuring a wide-body owner's suite on the main deck.&nbsp;At an interior volume of 499 GT, accommodation onboard is arranged across four staterooms, including two VIP staterooms and two twin staterooms on the lower deck, all with en-suite facilities. Crew accommodation comprises four dedicated quarters, captain's quarters and a spacious crew mess.In terms of performance, the yacht is powered by four <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, which are expected to deliver a top speed of 30 knots.&nbsp;

First 50m Baglietto FAST50 superyacht launched

Baglietto has launched the first 50m FAST50 yacht from its shipyard in La Spezia, Italy.


<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has acquired <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">Island Global Yachting LLC</a> (<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>) for $480 million, with an additional potential earnout of up to $100 million two years after closing, subject to the achievement of defined performance metrics. <img src="https://photo-assets.superyachttimes.com/photo/217978/image/large-64744b9b43268cb81049eb951dffa500.jpg" data-gid="gid://syiq/Photo/217978"><a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> will continue to run under its branding and with Tom Mukamal, CEO of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>, and the IGY Marinas existing management team continuing to lead the growth and operations of the business. It has been forecasted that <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> will generate over $100 million of revenue in calendar 2022 for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. The acquisition is expected to close in the first half of fiscal 2023 and to be accretive within the first twelve months of closing.<img src="https://photo-assets.superyachttimes.com/photo/209501/image/large-96b66caa72d064abac47b6a07c6e38fb.jpg" data-gid="gid://syiq/Photo/209501">“We are delighted to announce our acquisition of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>, a transformative transaction for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, that significantly strengthens our ability to provide the best customer experience to yacht owners around the world,” said W. Brett McGill, Chief Executive Officer and President of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. “The addition of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> positions <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> as the preeminent leader in the superyacht industry—the only company able to offer an integrated experience coupling high-value superyacht berthing and marina services in premier locations with exclusive superyacht service offerings. Moreover, this investment continues to diversify our business mix with not only higher margins, but also a larger geographic footprint, especially in highly desired destinations in the Mediterranean and the Caribbean.”<img src="https://photo-assets.superyachttimes.com/photo/217713/image/large-ebe27837f04a2d62eee0fd715e0fc0ab.jpg" data-gid="gid://syiq/Photo/217713">Read:&nbsp;<a data-gid="gid://syiq/Article/52300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax CEO Brett McGill on the future of the industry giant (2021-03-01 12:30:00 +0100)">MarineMax CEO Brett McGill on the future of the industry giant</a>Mr. McGill continued, “We are very pleased to strategically expand with <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> and have tremendous respect for their outstanding management team for building a high-quality real estate portfolio of luxury marinas with extraordinary growth potential. <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> has experienced significant recent growth, as its brand has become sought-after by yacht owners, as well as public and private marina owners worldwide."<img src="https://photo-assets.superyachttimes.com/photo/209500/image/large-7c524839b41ba05a948214148f90b33e.jpg" data-gid="gid://syiq/Photo/209500">Read:&nbsp;<a data-gid="gid://syiq/Article/55080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas unveils the IGY Trident membership programme (2022-05-04 13:30:00 +0200)">IGY Marinas unveils the IGY Trident membership programme</a>"This investment aligns with our ongoing strategic acquisition plan, including our superyacht business, to selectively expand our service offerings with acquisitions of high growth, high margin businesses. Furthermore, we strongly believe that <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> will offer our <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> current and future superyacht customers the opportunity to enhance their yachting experiences by providing them access to the world’s only superyacht marina network.”<img src="https://photo-assets.superyachttimes.com/photo/226037/image/large-26e68bc258e8aa0fe04cce30a1847dcf.jpg" data-gid="gid://syiq/Photo/226037">Read:&nbsp;<a data-gid="gid://syiq/Article/55614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY signs temporary concession agreement for a superyacht marina in Ibiza (2022-07-21 17:30:00 +0200)">IGY signs temporary concession agreement for a superyacht marina in Ibiza</a>“We are excited to join the <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> Family and its experienced management team,” said Tom Mukamal, CEO of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>. “<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> brings significant resources, synergies, and competitive advantages to our business, amplifying our potential for both organic and inorganic growth."<img src="https://photo-assets.superyachttimes.com/photo/226038/image/large-2e75c5c9b7b860a4001ea6caff367d81.jpeg" data-gid="gid://syiq/Photo/226038">Read:&nbsp;<a data-gid="gid://syiq/Article/54689" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title='"Consolidation in yacht brokerage is inevitable": Daniel Ziriakus of Northrop and Johnson (2022-03-03 14:00:00 +0100)'>"Consolidation in yacht brokerage is inevitable": Daniel Ziriakus of Northrop and Johnson</a>"With <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s irreplaceable destination portfolio, demonstrated track record of successful acquisitions and a robust pipeline, we are confident in our collective ability to strengthen and build on our position as the global leader in superyacht and luxury marina destinations and related services.

MarineMax acquires IGY Marinas for $480 million

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

Mergers & Acquisitions

MarineMax reports record breaking quarterly revenue of $507.9 million