US-based <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has announced a new division within its realm of operations, the Superyacht Division (SYD). This new division will combine the back-office functions for the company’s Superyacht brands into one global support structure.<img src="https://photo-assets.superyachttimes.com/photo/265730/image/large-9f50024dac70c8a6a14a2afb2983061b.jpg" data-gid="gid://syiq/Photo/265730"><a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has expanded into the superyacht sector through a variety of acquisitions in recent years, including <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a>, <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>, <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Yacht Management</a>, <a data-gid="gid://syiq/Company/4685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SYM - Superyacht Management (Company)">SuperYacht Management (SYM)</a>, and <a data-gid="gid://syiq/Company/4968" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser Yachts Greece (Company)">Atalanta Golden Yachts</a>.&nbsp;“The group has assessed how best to integrate and combine functional areas to make the overall group stronger, improve the experience and opportunities for the team members and to enhance the client offering across the board, while maintaining the culture and independence of the brands,” explained <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.<img src="https://photo-assets.superyachttimes.com/photo/314223/image/large-fe7706fa1e9f7953461785a28b4f7b77.jpg" data-gid="gid://syiq/Photo/314223">The new Superyacht Division will be led by Group Chief Operating Officer and Executive Vice President, Daniel Ziriakus and Group Chief Financial Officer and Executive Vice President, Alessandra Nenci.Daniel Ziriakus has spent the past 18 years at various brokerage firms including <a data-gid="gid://syiq/Company/4968" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser Yachts Greece (Company)">Fraser Yachts</a> and <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a>. More recently, he has been overseeing <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>’s expansion to become one of the largest US superyacht brokerage houses.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><img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-9384651b02a3c3b8b113c3d33254dc31.jpg" data-gid="gid://syiq/Photo/265731">Alessandra Nenci joined <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> in 2013 and became Chief Financial Officer in 2017. Her career spans across various sectors and countries, with a wealth of knowledge in the financial and legal domain. Her experience in the yachting industry includes working with the <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Group</a>, <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> and <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen Yachts</a>, until she joined <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> under the <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut-Benetti</a> ownership."The creation of the Superyacht Division represents a pivotal moment for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>,” explained Chuck Cashman, Chief Revenue Officer of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. “With Daniel and Alessandra at the helm, we are confident in our ability to deliver unparalleled service and support to our clients.”Read:&nbsp;<a data-gid="gid://syiq/Article/57397" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Empire building: MarineMax CRO Chuck Cashman on the future of the American titan (2023-04-17 15:45:00 +0200)">Empire building: MarineMax CRO Chuck Cashman on the future of the American titan</a><img src="https://photo-assets.superyachttimes.com/photo/265729/image/large-075b6f10300ff29203f8cee2ee5a74a9.jpg" data-gid="gid://syiq/Photo/265729">“This new structure will not only enhance operational efficiency but also reinforce our commitment to maintaining the unique identities of our esteemed brands while offering an elevated customer experience. Equipping our team with best-in-class tools guarantees superior marketing, cutting-edge technology, and exceptional support.”

MarineMax launches new Superyacht Division (SYD)

Chuck Cashman, CRO MarineMax

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MarineMax shipyard

MarineMax marina St Maarten

Daniel Ziriakus and Alessandra Nenci of MarineMax Superyacht Division

MarineMax has announced a new division within its realm of operations, the Superyacht Division (SYD). 

MarineMax launches new Superyacht Division with Daniel Ziriakus and Alessandra Nenci

<a data-gid="gid://syiq/Company/5020" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quantum Marine Stabilizers (Company)">Quantum Marine Stabilizers</a> has announced the opening of its new Monaco office, located on Rue Suffren Reymond, near Port Hercules. According to the company, the office serves as a strategic move to complete a global support network centred around its clients.<img src="https://photo-assets.superyachttimes.com/photo/399389/image/large-c0e7b99523e63dae7d204a630e9bbe33.jpg" data-gid="gid://syiq/Photo/399389">The expansion strengthens <a data-gid="gid://syiq/Company/5020" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quantum Marine Stabilizers (Company)">Quantum's</a> European presence, joining its headquarters in Fort Lauderdale and existing offices at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Barcelona</a> and in the Netherlands. The company said the new Monaco base reflects the principality's position as the centre of Mediterranean yachting, where more than 300 businesses operate across yacht management, brokerage, design, naval architecture and shipbuilding.<img src="https://photo-assets.superyachttimes.com/photo/399390/image/large-05d3b20c4ac0ba4fba708db7970a1cc5.jpg" data-gid="gid://syiq/Photo/399390">"Monaco is where the superyacht world comes together, and for us, proximity is not a convenience but a commitment," said <a data-gid="gid://syiq/Company/5020" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quantum Marine Stabilizers (Company)">Quantum Marine Stabilizers</a> President John Allen. "Having a presence here means we can sit down with our clients, show them what our technology actually does, and start a relationship that goes well beyond installation."<img src="https://photo-assets.superyachttimes.com/photo/399391/image/large-7a075647c79986529f5c2bb365726c9f.jpg" data-gid="gid://syiq/Photo/399391">The Monaco office will enable <a data-gid="gid://syiq/Company/5020" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quantum Marine Stabilizers (Company)">Quantum</a> to engage more closely with clients and industry stakeholders through in-person consultations, technical demonstrations and training sessions for crew and yacht management companies.The office was officially inaugurated on 2 July 2026 with a reception attended by members of Monaco's yachting community. The company concluded that the expansion reinforces <a data-gid="gid://syiq/Company/5020" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quantum Marine Stabilizers (Company)">Quantum Marine Stabilizers</a>' commitment to providing long-term support to the global superyacht industry.

Quantum Marine Stabilizers opens Monaco office

Quantum Marine Stabilizers has announced the opening of its new Monaco office.

Quantum Marine Stabilizers opens new Monaco office

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

NextBoat launches strategic partnership with MarineMax 

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

<a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a> has announced that it has agreed upon a lease of construction facilities within the Maritime Industry and Business Park Volkswerft Stralsund in Germany. <img src="https://photo-assets.superyachttimes.com/photo/395892/image/large-3ca38fdddd01e9ee25c8a081829cb148.jpg" data-gid="gid://syiq/Photo/395892">Located in the Hanseatic city of Stralsund, Volkswerft Stralsund the 34-hectare site was purchased by the city in February 2022, with the council working to develop it into a maritime industrial and commercial park.The Maritime Industrial and Commercial Park Volkswerft is already home to around 20 companies and offers extensive hall space, heavy-lift capabilities of up to 1,000 tonnes, direct water access and a highly skilled regional workforce.<img src="https://photo-assets.superyachttimes.com/photo/395889/image/large-a9056b5f718fa19673449bfbc198222e.jpg" data-gid="gid://syiq/Photo/395889">“Stralsund offers exactly the kind of environment we were looking for,” explained Henning Dörries, CEO of <a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a>. “This is more than simply additional space, itis about creating the right environment to deliver ambitious projects efficiently and effectively.”Volkswerft Stralsund offers 97,000 square-metres of hall space, 32,000 square-metres of equipped office space and 24,00 square-metres of equipped workshop space and offers access via road, rail and inland/sea shipping.<img src="https://photo-assets.superyachttimes.com/photo/395893/image/large-0f32488cbf3c13ffc99a8b3423fba5fc.jpg" data-gid="gid://syiq/Photo/395893">“We are proud to welcome their success and expertise in the superyacht sector to our maritime industrial and commercial park,” said Volkswerft Stralsund. “Our facilities offer ideal conditions for conversion and new-build projects.”“The combination of infrastructure, expertise and maritime heritage available in Stralsund makes it a natural fit for our future plans,” concluded Dörries.<a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a> has unveiled several superyacht concepts over the years, including the 75-metre <a data-gid="gid://syiq/Article/64397" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts & Phathom Studio unveil 75m superyacht concept Alyra (2025-10-02 14:45:00 +0200)">Alyra</a> designed by <a data-gid="gid://syiq/Company/5530" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phathom Studio (Company)">Phathom Studio</a> and the 115.2-metre <a data-gid="gid://syiq/Article/61224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First Look: Dörries Yachts unveils 115m H2-designed superyacht concept Zephyr (2024-08-12 11:15:00 +0200)">Zephyr</a> yacht designed by <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2 Yacht Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/395888/image/large-55c7722186f293194a8fedc63a57e1bb.jpg" data-gid="gid://syiq/Photo/395888">

Dörries Yachts construction facilities at Volkswerft Stralsund

Dörries Yachts has announced that it has agreed upon a lease of construction facilities at Volkswerft Stralsund in Germany.

Dörries Yachts agrees lease for new shipyard in Germany

Turkish shipyard <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a> has announced the opening of its new office in Miami, located within the <a data-gid="gid://syiq/Company/5531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Merrill-Stevens (Company)">RMK-Merrill Stevens</a> shipyard.<img src="https://photo-assets.superyachttimes.com/photo/394024/image/large-88b0e0522bf33263dfbbf56ce38eaf78.jpg" data-gid="gid://syiq/Photo/394024">According to the company, this marks a strategic expansion, with Miami recognised as one of the key hubs in the global superyacht market as the company continues to grow its international footprint.“The move reflects <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a>’ long-term commitment to building closer relationships with the U.S-based clients while providing direct, on-the-ground support throughout every stage of yacht ownership,” the compant commented.<a data-gid="gid://syiq/Company/5531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Merrill-Stevens (Company)">RMK-Merrill Stevens</a> is a superyacht refit and repair facility, where RMK Yachts will establish a permanent operational and client-facing presence in the region. Through this, the yard aims to offer clients both its design and engineering expertise, supported by a service network aligned with the international standards.<img src="https://photo-assets.superyachttimes.com/photo/394025/image/large-bef8bfc56ba41776d45294fd74010f0d.jpg" data-gid="gid://syiq/Photo/394025">“The decision to establish a Miami office reflects a clear understanding of the priorities of American yacht owners, who place significant value on having a trusted local representative connected directly to the shipyard,” explained the company.<a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a>’ U.S representative and broker, Juan Morillo, will support the collaboration between <a data-gid="gid://syiq/Company/5531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Merrill-Stevens (Company)">RMK-Merrill Stevens</a> and <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a> to ensure seamless service for American clients.&nbsp;“For U.S. clients, proximity is not simply a preference, it is a matter of trust,” concluded <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a> Director Cuneyt Okcu. “Having a physical presence there means being accessible, accountable, and responsive, particularly when it comes to after-sales support and warranty services.”

RMK opens new Miami office

Turkish shipyard RMK Yachts has announced the opening of its new office in Miami.

RMK Yachts opens new Miami office within the RMK-Merrill Stevens shipyard

<a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a>’ acquisition of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> has marked a defining step in the group’s international expansion, positioning the US-based operator firmly within the Mediterranean – widely regarded as the epicentre of global yachting. Yet, as CEO Baxter Underwood makes clear, the transaction is less about geographic reach alone and more about aligning with the right people, culture and long-term philosophy.We sat down with Baxter and the team at Monaco Marine as they prepared to rebrand the Mediterranean eco-system under the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> banner, to understand how this relationship has developed and to find out their plans for the future. <img src="https://photo-assets.superyachttimes.com/photo/393753/image/large-6d9a79cfed5677ff0aef3b6de2780442.jpg" data-gid="gid://syiq/Photo/393753">A people-led approach to expansion<a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s entry into the Mediterranean was not a rapid decision. Over a five-year period, the group evaluated multiple opportunities across the region before completing the <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> acquisition in 2025. The process ultimately reinforced a core principle underpinning its growth strategy: successful expansion begins with people rather than infrastructure.“The growth strategy of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> has always been to evaluate teams in each geography, be that the Caribbean, Central America or in this case the Mediterranean. Monaco Marine stood out for us because they had a strong team and the cultural characteristics to be a platform for expansion in the Med,” explained Baxter.Rather than seeking to replicate its US operating model abroad, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> prioritised identifying a team already demonstrating excellence within its market. Monaco Marine, with its network of nine facilities across the Mediterranean, offered not only scale but, more importantly, a deeply embedded culture shaped by founder Michel Ducros.Underwood highlights that it was this culture – defined by precision, consistency and a relentless pursuit of improvement – that distinguished <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> from other opportunities. The company’s facilities, while quite significant, were secondary in importance to the strength of its human capital and operational ethos.Culture as the foundation of long-term valueAt the heart of the acquisition lies a recognition that cultural alignment is critical to long-term success. <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> operates with a distinct approach shaped by the nuances of the Mediterranean market, from client engagement to seasonal workflows and service delivery.“In the most important ways, the team and culture built by Michel was remarkably similar to our own. But they also did things differently than we did. Certain elements of their superyacht service model differed from how we operated in the US. We didn’t want to take our American mentality and force it on the European market, so we evaluated and embraced the positive differences, the ones that created value for the customers. This exchange of best practices has proven to be valuable. We’ve already begun implementing many of the learnings into our service model in the US.”&nbsp;Rather than viewing these differences as barriers, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> viewed them as essential characteristics for succeeding in the region. The objective was not to impose uniformity, but to embrace and learn from a system already optimised for its environment.What ultimately aligned the two organisations was a shared commitment to excellence in a context of teamwork and desire to learn together. Underwood describes <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s leadership as possessing an almost artistic attention to detail, supported by continuous investment in training, technology, and operational rigor that is always seeking client feedback. This alignment provides the foundation upon which mutually accretive integration is achievable.<img src="https://photo-assets.superyachttimes.com/photo/393751/image/large-d14364d694d27fa3dccb17b0342b2431.jpg" data-gid="gid://syiq/Photo/393751">Retaining expertise and expanding influenceWith culture identified as the cornerstone of value, retaining Monaco Marine’s team became an immediate strategic priority. <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> worked closely with the existing management team throughout the transition to ensure continuity, leveraging his longstanding relationships across the organisation.The result has been significant team retention – a critical outcome in preserving both operational consistency and client trust. “The nine assets and locations are wonderful, but the technical capability and commitment of the team was the heart of the acquisition,” explains Baxter.&nbsp;Rather than operating independently, the team is now positioned to play an influential role within <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s wider network. Their expertise is informing operational improvements across the group’s US and Caribbean locations, including with sustainability initiatives like <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s innovative approach to waste water management.This shift reflects <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s broader philosophy: growth is not achieved by centralising knowledge alone, but by distributing it across its broad network and encouraging regional leaders to shape its global operations.Establishing a European cornerstoneThe acquisition firmly establishes Monaco Marine as <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s flagship platform in Europe. Beyond its physical presence, it provides the local insight necessary to guide further expansion across the region.The Mediterranean’s position as the world’s most significant yachting market makes this foothold particularly strategic. <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s team now plays a central role in identifying and evaluating future acquisition targets, ensuring that expansion is informed by regional expertise rather than external assumptions.This approach reveals one of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s core strategies – one that values diverse knowledge as a driver of innovative growth.<img src="https://photo-assets.superyachttimes.com/photo/393752/image/large-b3feb1138e2178b590c702495932782f.jpg" data-gid="gid://syiq/Photo/393752">Creating a seamless transatlantic networkA key objective of the integration is to deliver a unified service experience across both sides of the Atlantic. Even prior to the acquisition, approximately 37 percent of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s US-based superyacht clients were already utilising <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> facilities during Mediterranean operations. That figure has since increased, reflecting stronger alignment between the two networks.The focus has now moved to ensuring continuity. This extends beyond technical capabilities and refit standards to encompass communication, processes and the overall client experience. Owners, captains and crews will encounter the same level of service and operational consistency across the entire network.Monaco Marine’s active engagement with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s other operations has been instrumental in this process, with cross-regional collaboration shaping a more cohesive global offering.Enabling greater transatlantic mobilityBy connecting two of the industry’s most active cruising regions, <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> is positioned to facilitate more fluid vessel movement between the United States and the Mediterranean. The company believes that this is a good thing for the yachting community.This enhanced connectivity is expected to increase operational efficiency while encouraging more frequent transatlantic cruising among US-based clients. Central to this ambition is the assurance of reliable, high-quality support throughout a vessel’s journey.In this sense, the acquisition aligns with a broader industry dynamic: as yachts operate across increasingly global itineraries, service networks evolve to match their mobility.Balancing identity and integrationOne of the more visible outcomes of the acquisition is the planned rebranding of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> under the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> name. While strategically aligned with the creation of a unified global identity, the decision was not made quickly.“This was not an easy decision and something that took both collaboration and support from the team at <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>” adds Baxter. “Our goal is to achieve a sense of oneness for owners, captains, builders, OEMs, so that they can expect the same level of service excellence at every <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> facility.”&nbsp;<a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a>’s brand carries significant heritage within the Mediterranean, and preserving the qualities that underpin that reputation is a priority. For clients, changes will initially be most apparent through branding, signage and on-site identity. However, the overarching aim is for the experience itself to constantly innovate and evolve in favor of the customers.Raising the standard across the industryBeyond its immediate operational impact, the acquisition reflects a broader ambition within <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s strategy. The goal is not solely to expand its own footprint, but to elevate standards across the yachting ecosystem.By connecting regions, sharing expertise and refining service delivery, the group seeks to enhance the experience for owners, captains, crew and industry stakeholders alike.In this context, the integration of <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> represents more than a geographical expansion. It signals a move towards a more connected, consistent and collaborative global yachting landscape – one in which excellence is defined not by location, but by a shared commitment to quality.

Safe Harbor’s Monaco Marine acquisition

We sat down with Baxter and the team at Monaco Marine as they prepared to rebrand the Mediterranean eco-system under the Safe Harbor banner.

Behind the Safe Harbor rebrand of Monaco Marine

<a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> has announced a strategic partnership with <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a>, with the yacht investment and development company joining as a new shareholder. <img src="https://photo-assets.superyachttimes.com/photo/392443/image/large-7b239a9ab0b56b5f06daa74235a5c53a.png" data-gid="gid://syiq/Photo/392443">The agreement sees <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a> officially becoming part of the shareholding structure of <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider Luxembourg S.à r.l.</a> The partnership includes a plan for <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a> to gradually increase its stake, with the full process expected to be completed by the end of 2026. This move aims to provide Wider with new financial support to help carry out its long-term business plans.<a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a> has provided a capital increase into the company, rather than buying shares from existing owners, providing the company with more money to invest in its future plans.&nbsp;According to Wider, this strategic partnership focuses on accelerating international growth, expanding its global sales network and broadening its product portfolio, while retaining its operational base in Italy’s Marche region.“The entry of <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld</a> into <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a>’s capital is a fundamental moment that certifies the value of our vision,” said Marcello Maggi, board member of <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider Luxembourg S.à r.l.</a> “It is not just a financial partnership, but a synergy of intent.” <img src="https://photo-assets.superyachttimes.com/photo/253922/image/large-ba7beb6ee8e753c9d11dd80c094e8252.jpg" data-gid="gid://syiq/Photo/253922" 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 partnership builds on an existing relationship between the two companies, which began in 2025 with the presentation of the Oceans Yachts brand and the Oceans 47 model, developed in collaboration with <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>.Lydia Pascarelli, CEO of <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a>, added: “We are excited to join <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> and contribute to its ongoing growth. We have closely followed the shipyard’s evolution and look forward to supporting the brand’s global development. We believe <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> is well positioned to become a benchmark in luxury yachting.”&nbsp;Furthermore, the agreement is expected to boost <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a>’s position in key international markets by leveraging <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld</a>’s established Middle Eastern network for yacht sales, distribution, construction, and after-sales services.Founded in 2010, <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> is known as one of the early adopters of serial hybrid propulsion systems. The company currently operates facilities on the Adriatic coast: its Fano headquarters for serial production and its Venice facilities, where full-custom steel and aluminum superyachts such as the <a data-gid="gid://syiq/Article/59498" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 28m WiderCat 92 hybrid-propulsion yacht Acali launched (2024-01-15 14:30:00 +0100)">WiderCat 92</a> are built.<a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a>, headquartered in the GCC, operates a broad marine network, spanning maritime services, brokerage, boat construction and management, distribution and technical services, as well as representing several international yacht brands in the region.

Wider announces strategic partnership with OceanWorld Group

Italian shipyard Wider announces a strategic partnership with OceanWorld Group, with a capital investment to support global expansion.

 OceanWorld Group becomes shareholder in Wider through new investment

The entire partnership of <a data-gid="gid://syiq/Company/3577" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Clyde & Co (Company)">Clyde &amp; Co</a>’s Hamburg office, together with almost the entire team, is leaving the firm and founding the independent law firm NoordenJones Partnerschaft von Rechtsanwälten und Solicitors mbB (NoordenJones) on 1 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/392259/image/large-7ee97b534df217d776f5c82a25f09922.jpg" data-gid="gid://syiq/Photo/392259">The founding partnership comprises Dr Clemens Hillmer, Dr Eckehard Volz, Dr Volker Lücke, Dr Tim Schommer, Daniel Jones and Dr Stefan Ullrich, alongside newly appointed partners Rory Duncan, Jakob Haas and Anna-Sophie Waldmann.Headquartered in Hamburg, NoordenJones advises on both German and English law, supporting a broad international client base through an established global network of independent firms.NoordenJones’ services span banking and finance, corporate and M&amp;A, commercial, construction, dispute resolution, regulatory matters, restructuring and insolvency, as well as trade and commodities.The firm’s client portfolio includes shipping companies, logistics providers, shipyards, insurers, reinsurers and brokers, in addition to banks, investors and infrastructure developers. Notably, NoordenJones also places emphasis on private wealth advisory, supporting high-net-worth individuals, family offices and their advisers on complex cross-border matters.Within the yachting sector, the firm brings more than two decades of experience advising on high-value assets, including yacht new-build and refit projects, as well as operational and management matters. Its expertise extends to supporting owners and project managers involved in large, complex yacht constructions.“We have been advising many of our clients for over 20 years,” explained NoordenJones, “With NoordenJones, we are creating an independent platform that enables us to provide even more entrepreneurial, flexible and international advice, particularly on complex cross-border matters.”

Clyde & Co Hamburg launches NoordenJones

The entire partnership of Clyde & Co’s Hamburg office, together with almost the entire team, has founded independent law firm NoordenJones.

Clyde & Co Hamburg team launches independent law firm NoordenJones

<a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a> has launched Amico Marine, a new brand representing its network of companies which offer full technical and operational support to superyacht owners, crew and managers.<img src="https://photo-assets.superyachttimes.com/photo/392048/image/large-008affbb539b7acc2e75055597e78dda.jpg" data-gid="gid://syiq/Photo/392048">Amico Marine brings together under one identity the shipyards and companies active in refit, maintenance and services dedicated to the yacht sector. Aimed at enhancing the structure of the brand, Amico Marine combines these companies through <a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a>’s extensive portfolio, which has been developed over more than 30 years.&nbsp;“With the launch of Amico Marine, we aim to clearly and consistently represent our identity: a network of companies providing full technical and operational support to owners, crews, and managers at every stage of a superyacht’s life,” explained Alberto Amico, Founder &amp; Partner of <a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a>.Alongside the main refit activities of <a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a> and <a data-gid="gid://syiq/Company/2553" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico Loano (Company)">Amico Loano</a>, Amico Marine includes the recently upgraded Gatti boatyard, which is capable of handling boats and tenders up to 30 metres, as well as the 26-berth Waterfront Marina, which accommodates yachts up to 120 metres, and the Acier-Sarimi metalwork workshops. <img src="https://photo-assets.superyachttimes.com/photo/392047/image/large-36ce94826c1b6da5effb23b2b8954823.jpg" data-gid="gid://syiq/Photo/392047">“Amico Marine embodies tradition, technical expertise, and long-term vision, strengthening our international presence and reaffirming our commitment to delivering excellence with constant attention to the client,” added Alberto Amico.The system is completed by Amico Servizi (general services and operational coordination) and Marine Tools (specialised digital solutions for yacht management processes). Services for clients and crews are delivered through Genoa Superyacht Hub, a company managed in partnership with the Pesto Group.“The Amico Marine system represents the evolution of our strategic vision and the result of the long growth journey of <a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a>,” concluded Bruno Guglielmini, CEO of <a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a>. “By integrating shipyard operations with marina services, technical services, and the local area, we have contributed to making Genoa one of the world’s leading hubs of excellence in the sector, a position we intend to further strengthen.”(Images courtesy of Amico &amp; Co.)

Amico & Co launches Amico Marine

Amico & Co has launched Amico Marine, a new brand representing its network of companies in the superyacht sector.

Amico & Co launches Amico Marine to combine superyacht services under one brand

<a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">Ocean Platform Marinas (OPM)</a> and <a data-gid="gid://syiq/Company/8807" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Global Ports Holding (Company)">Global Ports Holding</a> have officially commenced operations at the new cruise and superyacht terminal in the Port of Seville, Spain. <img src="https://photo-assets.superyachttimes.com/photo/391682/image/large-3600416ec863f9e4b0ea7f9abb67fe9f.jpeg" data-gid="gid://syiq/Photo/391682">Operating under the company Global Ports and OPM Sevilla, both companies will manage the facilities for the next 25 years, under a concession model that includes a planned investment of more than €5 million.The collaboration combines <a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">OPM</a>’s experience in marina operations with <a data-gid="gid://syiq/Company/8807" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Global Ports Holding (Company)">Global Ports Holding</a>’s global cruise port network, which spans Europe, Asia, Africa and the Caribbean. The concession covers a total area of 5,100 square-metres at the Delicias Quay, which currently accommodates the cruise terminal, adjacent esplanades and the berthing line.In addition, 1,548 square-metres at the Tablada Quay are included in the project, where a new cruise terminal will be developed within one of the port’s historic warehouse buildings, as part of the wider Urban Port District initiative.Once cruise operations are transferred to Tablada, the Delicias Quay will be repurposed exclusively as a marina for large yachts. This reconfiguration is expected to improve separation between cruise and yachting activities, allowing for more specialised services tailored to each segment.The development is intended to enhance Seville’s attractiveness as a destination for both cruise traffic and large yachts, with a focus on improving passenger services, increasing operational efficiency and strengthening the connection between the port and the city.Investment across the project will be directed primarily towards the development of the new Tablada terminal and a broader upgrade of infrastructure and services for both cruise vessels and yachts.Last month it was announced that Spanish tennis player Rafael Nadal’s investment holding company Aspemir had <a data-gid="gid://syiq/Article/65649" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rafael Nadal and Aspemir acquire stake in Ocean Platform Marinas (2026-03-17 15:15:00 +0100)">acquired a minority stake in OPM</a>. According to <a data-gid="gid://syiq/Company/8743" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Platform Marinas (Company)">OPM</a>, the incorporation of Aspemir strengthens the Spanish and Mediterranean identity of the project, as well as reinforcing its ties with Mallorca and the Balearic yachting community.

Port of Seville new cruise and superyacht terminal

OPM and Global Ports Holding have officially commenced operations at the new cruise and superyacht terminal in the Port of Seville, Italy.

OPM and Global Ports Holding launch new superyacht and cruise terminal in Port of Seville

Teak deck manufacturer and Deutsche Yachten member <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a> has announced the acquisition of all shares in <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a>, a sustainable teak wood alternative manufacturer. The strategic move aims to strengthen its position within the yacht decking and marine flooring sector. <img src="https://photo-assets.superyachttimes.com/photo/297871/image/large-e1379225de3c4bffd33d9d492ec6adcf.jpg" data-gid="gid://syiq/Photo/297871" 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 acquisition is set to integrate <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a>’s expertise into <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a>’s existing operations, with the aim of expanding its product offering and accelerating the development of alternative decking solutions. Both companies will keep working with their current customers, teams and locations, ensuring a smooth transition.<a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a> has built a reputation for its expertise in alternative yacht decking materials. Developed as part of a research project by <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen Shipyard</a> in partnership with the University of Göttingen, <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a> is produced using natural, fast-growing wood sourced from controlled, sustainable forest management.<img src="https://photo-assets.superyachttimes.com/photo/297809/image/large-281846d87118d0c01faf0b125d01ac34.jpg" data-gid="gid://syiq/Photo/297809">Its products have been installed on a number of high-profile projects, including Project Fox, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> and the <a data-gid="gid://syiq/Yacht/6355" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="REV Ocean194.9m (639'5&quot;)Vard Group AS2027">REV Ocean</a>. <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a>’s solutions are designed to replace traditional teak wood, meeting the growing demand for more sustainable materials in the superyacht industry. <img src="https://photo-assets.superyachttimes.com/photo/365568/image/large-ddd95d9367bf908ff3b5c55c8692405f.jpg" data-gid="gid://syiq/Photo/365568">“The acquisition of <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a> is an important milestone in our company’s development,” said Michael Wolz. “We look forward to combining the strengths of both companies and jointly setting new trends for our customers and the market.”Founded in 1927, <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a> produces prefabricated and pre-manufactured teak decking solutions. The company offers services encompassing decking, exterior furniture, interiors, bathrooms, manufacturing and after-sales services, supporting a wide range of yacht construction and refit projects.With two production sites in Germany and approximately 110 employees, the company had a reported turnover of €16.4 million in 2025. Moreover, <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a> is part of the Deutsche Yachten network, which comprises a number of German companies involved in the construction and outfitting of yachts over 30 metres.

Wolz Nautic acquires TESUMO

 Wolz Nautic has acquired all shares in TESUMO, strengthening its marine decking portfolio.

Wolz Nautic acquires alternative teak solutions company TESUMO

<a data-gid="gid://syiq/Company/4585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Idea Yachting (Company)">Idea Yachting</a> has announced the appointment of Gianluca Magini as Yacht Broker. He brings more than 35 years of industry experience to the role.<img src="https://photo-assets.superyachttimes.com/photo/399630/image/large-60c4bafd1fb33034f3fce28e0d1cd9cf.png" data-gid="gid://syiq/Photo/399630">According to the company, Gianluca’s appointment will strengthen its presence across the Mediterranean. Introduced to the world of boating from an early age, he has built his entire career around the industry. He began his career with Ilver, where he gained hands-on experience through yacht refits, deliveries and participation in leading international boat shows.Moreover, Gianluca has been delivering yachts throughout the Mediterranean, particularly to Sardinia and Corsica since 1986. Through this experience, he was able to develop extensive technical expertise and nurture long-standing industry relationships. He later founded his own company in 2000, becoming an official Rodman dealer before going on to represent <a data-gid="gid://syiq/Company/79" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Platinum Yachts FZCO (Company)">Platinum Yachts</a>.Fluent in Italian, English, French and Spanish, Gianluca is currently based in Lavagna and is positioned to assist <a data-gid="gid://syiq/Company/4585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Idea Yachting (Company)">Idea Yachting's</a> international clients.Photo courtesy of&nbsp;<a data-gid="gid://syiq/Company/4585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Idea Yachting (Company)">Idea Yachting</a>.

Gianluca Magini Idea Yachting Yacht Broker

Idea Yachting has announced the appointment of Gianluca Magini as yacht broker.

Gianluca Magini joins Idea Yachting as Yacht Broker

The 40.05-metre <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> motor yacht <a data-gid="gid://syiq/Yacht/5947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aroha40.05m (131'5&quot;)Sunseeker2016">Aroha</a> has been sold. <a data-gid="gid://syiq/Company/2429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Absolute Yachting (Company)">Absolute Boat</a> introduced the buyer, while Ed Dickinson of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>, in a joint central agency with Matthew Ruane of <a data-gid="gid://syiq/Company/2989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cecil Wright (Company)">Cecil Wright &amp; Partners</a>, represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/333378/image/large-949e06eb85c9e3662f392d4844bef3b4.png" data-gid="gid://syiq/Photo/333378"><a data-gid="gid://syiq/Yacht/5947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aroha40.05m (131'5&quot;)Sunseeker2016">Aroha</a> is the fourth hull in the Sunseeker 131 series and was delivered in 2016. She features three decks, with a sleek exterior and inviting interior, both designed by the British shipyard.Inside, her modern interiors are distinguished by floor-to-ceiling windows that illuminate satin-finished American walnut wall panels. A palette of silver and grey tones is complemented by Fendi furnishings. Her skylounge serves as a secondary social space, complete with a home cinema setup, a waterfall feature and a wet bar.With a volume of 342GT, <a data-gid="gid://syiq/Yacht/5947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aroha40.05m (131'5&quot;)Sunseeker2016">Aroha</a> accommodates up to 12 guests across five staterooms. Her layout comprises a full-beam master suite on the main deck and four guest suites on the lower deck. The sundeck features a custom bar, Jacuzzi and sunpads, while a private seating area is located on the bow.Powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, <a data-gid="gid://syiq/Yacht/5947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aroha40.05m (131'5&quot;)Sunseeker2016">Aroha</a> has a cruising speed of 18 knots and a top speed of 23 knots.&nbsp;She had a last known asking price of €11,995,000 at the time of her sale.Photo courtesy of&nbsp;<a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.

Sunseeker yacht Aroha sold

The 40.05-metre Sunseeker motor yacht Aroha has been sold.

40m Sunseeker superyacht Aroha sold

Plymouth-based boat refit company Yacht Solutions Europe has gone into liquidation, with debts of more than £600,000 likely to remain unpaid.<img src="https://photo-assets.superyachttimes.com/photo/399628/image/large-90cdcccefd37fd95c414dc2c921b672b.jpg" data-gid="gid://syiq/Photo/399628">Yacht Solutions Europe focused on yacht refit and repairs, with services including engineering, retrofitting, carpentry, upholstery and upgrades. They worked on projects worldwide and opened a base in Florida, USA, in 2023.Yacht Solutions Europe was founded in 2021 by two former <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> employees, Paul Eccles and Dave Watson, after the collapse of a previous business, Yacht Solutions Worldwide Ltd.&nbsp;The assets were sold to Yacht Solutions Europe in a pre-pack deal and was dissolved in 2024, leaving debts of more than £282,000 unpaid, with the company now entering creditors’ voluntary liquidation.<img src="https://photo-assets.superyachttimes.com/photo/399629/image/large-a78e5de8571b860d8e0ffc83ed261014.jpg" data-gid="gid://syiq/Photo/399629">Documents filed on Companies House show assets of about £18,000 which will be used to pay nine employees and the pension scheme, however there is less than £1,000 left for other creditors, which include more than £176,000 owed to HM Revenue and Customs, nearly £85,000 owed to a lender, around £160,000 owed to six other banks and institutions and £82,500 owed to workers as unsecured creditors.There are 21 trade creditors claiming a combined £34,700, while the American arm Yacht Solutions USA is claiming £71,000. Yacht Solutions Europe’s statement of affairs also revealed that an estimated £608,522 will end up being unpaid.Steve Henson, Managing Director at Devon’s Castle Hill Insolvency, has been appointed joint-liquidator.

Yacht Solutions Europe enters liquidation

Yacht Solutions Europe has gone into liquidation, with debts of more than £600,000 likely to remain unpaid.

Yacht Solutions Europe enters liquidation with more than £600k unpaid debt

The 24.6-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/17222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jr 2823.6m (77'5&quot;)Azimut Yachts2020">Jr 28</a> has been listed on the market with Matt Palmer and Edoardo Turati of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>. Delivered in 2020, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is the final <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> 77S ever delivered. <img src="https://photo-assets.superyachttimes.com/photo/399499/image/large-f25d9db87cb1487a4f7095ae1488818b.jpeg" data-gid="gid://syiq/Photo/399499">The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/436" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeazzi Design (Company)">Galeazzi Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/399572/image/large-c8d297fa1d58e4e6aab2c47ca6dae062.jpg" data-gid="gid://syiq/Photo/399572" 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;">Constructed with a carbon fibre superstructure,&nbsp;<a data-gid="gid://syiq/Yacht/17222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jr 2823.6m (77'5&quot;)Azimut Yachts2020">Jr 28</a>&nbsp;is lightweight build with a sporty profile and the convertible Sport Fly configuration. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> has been privately owned since new, and has been maintained by a single owner.<img src="https://photo-assets.superyachttimes.com/photo/399552/image/large-23c395b161cf754e2fad53bc81d5aba9.jpg" data-gid="gid://syiq/Photo/399552" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/399523/image/large-30b541ae69b2df8f4369453df678e88e.jpg" data-gid="gid://syiq/Photo/399523">In terms of outdoor living, <a data-gid="gid://syiq/Yacht/17222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jr 2823.6m (77'5&quot;)Azimut Yachts2020">Jr 28</a> boasts an aft cockpit arranged for alfresco dining, while the Sport Fly houses a secondary helm station, lounge seating and sun pads. Forward, a spacious sunbathing area is complemented by generous lounge seating, while her hydraulic swim platform grants easy access to the water, and can accommodate a tender of up to 3.85-metres alongside a Jet Ski.<img src="https://photo-assets.superyachttimes.com/photo/399553/image/large-1985ae807023835aaf3528666542bc11.jpg" data-gid="gid://syiq/Photo/399553">Stepping inside, the <a data-gid="gid://syiq/Yacht/17222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jr 2823.6m (77'5&quot;)Azimut Yachts2020">yacht Jr 28 for sale</a> embraces a bright, contemporary interior by <a data-gid="gid://syiq/Company/436" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeazzi Design (Company)">Carlo Galeazzi</a>, featuring soft neutral furnishings, dark wood cabinetry and light carpeting. Her open-plan main saloon leads to a formal dining area, while floor-to-ceiling windows introduce abundant natural light throughout her living spaces.<img src="https://photo-assets.superyachttimes.com/photo/399504/image/large-383ad92270926d8d12b90c4720e55a9f.jpg" data-gid="gid://syiq/Photo/399504" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/399577/image/large-cd7ef54ebe1d8d123dd1ba24801b568d.jpg" data-gid="gid://syiq/Photo/399577">With a beam of 5.5-metres and interior volume of 85 GT, accommodation onboard 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> is arranged for up to nine guests across four well-appointed staterooms, including a full-beam owner's suite, a forward VIP stateroom and two twin guest staterooms, one of which features an additional Pullman berth. Moreover, separate quarters sleep up to three crew members. <img src="https://photo-assets.superyachttimes.com/photo/399509/image/large-7108f9e1dc5d6637293c8fbf18e88516.jpg" data-gid="gid://syiq/Photo/399509"><img src="https://photo-assets.superyachttimes.com/photo/399518/image/large-8f998c58354f2a1502901e3740c27192.jpg" data-gid="gid://syiq/Photo/399518">In terms of performance,<a data-gid="gid://syiq/Yacht/17222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jr 2823.6m (77'5&quot;)Azimut Yachts2020">&nbsp;Jr 28</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> engines, delivering a cruising speed of 25 knots and a top speed of 35 knots. <img src="https://photo-assets.superyachttimes.com/photo/399569/image/large-75f6c9a0e3701ef51e707f3c27986a14.jpg" data-gid="gid://syiq/Photo/399569"><img src="https://photo-assets.superyachttimes.com/photo/399570/image/large-a3bcb6e6ff591da3387cf9dd1faa307c.jpg" data-gid="gid://syiq/Photo/399570">

24m Azimut motor yacht Jr 28 for sale

The 24m Azimut 77S motor yacht JR 28 is for sale with Northrop & Johnson. Delivered in 2020, she is the final Azimut 77S ever delivered. 


<a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Yachts</a> has announced the sale of the first 24-metre <a data-gid="gid://syiq/Yacht/17224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi TD7924.0m (78'9&quot;)Tureddi Group Limited2027">Tureddi TD79</a> yacht, representing the fifth new-build yacht sold by <a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Yachts</a> in 2026. <img src="https://photo-assets.superyachttimes.com/photo/399606/image/large-c9fb59e8ec9db37d58d53bfff4a6fc75.jpg" data-gid="gid://syiq/Photo/399606">Conceived as a fully custom aluminium yacht, the <a data-gid="gid://syiq/Yacht/17224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi TD7924.0m (78'9&quot;)Tureddi Group Limited2027">Tureddi TD79</a> yacht combines lightweight construction with long-range cruising capabilities. She features interior and exterior design developed by Leonardo Cecchi of <a data-gid="gid://syiq/Company/6683" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yellow Addition (Design Studio) (Company)">Yellow Addition</a> in collaboration with <a data-gid="gid://syiq/Company/8757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="3-Studio (Company)">3-Studio</a>.“The <a data-gid="gid://syiq/Yacht/17224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi TD7924.0m (78'9&quot;)Tureddi Group Limited2027">Tureddi TD79</a> represents another important step in the expansion of <a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Yachts</a> into different market segments, while maintaining the same uncompromising standards of quality, craftsmanship and innovation that define every yacht we build,” explained Alessandro Tureddi, CEO of the <a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Group</a>.Described by <a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Yachts</a> as a contemporary platform, the <a data-gid="gid://syiq/Yacht/17224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi TD7924.0m (78'9&quot;)Tureddi Group Limited2027">Tureddi TD79</a> yacht is entirely customisable to her owner’s requirements. She offers generous interior and exterior spaces, high operational efficiency and flexibility without compromise.“I personally followed this project from its earliest stages, establishing a direct relationship with the client throughout the process,” added Tureddi. “Seeing that relationship evolve into another successful contract makes this achievement particularly meaningful.”Construction of the first <a data-gid="gid://syiq/Yacht/17224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi TD7924.0m (78'9&quot;)Tureddi Group Limited2027">Tureddi TD79</a> is progressing according to schedule, with delivery planned for spring 2027.According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, <a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Yachts</a> has several yachts in-build including the first 36.7-metre <a data-gid="gid://syiq/Article/64820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Construction begins on first Tureddi Azzurra 36 superyacht (2025-11-21 18:00:00 +0100)">Azzurra 36 yacht</a>, the 27.7-metre Tureddi 92 yacht and the 27-metre <a data-gid="gid://syiq/Article/65732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First full custom Tureddi Yachts TD27 yacht sold (2026-03-30 09:30:00 +0200)">Tureddi TD27 yacht</a>.&nbsp;

Tureddi TD79: First yacht sold

Tureddi Yachts has announced the sale of the first 24-metre Tureddi TD79 yacht, with a delivery date of spring 2027.

First 24m new-build Tureddi TD79 yacht sold

The <a data-gid="gid://syiq/Yacht/13735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shabby43.85m (143'10&quot;)Azimut Yachts2026">first Azimut Grande 44M</a> has been launched at the Italian shipyard's facilities in Viareggio, with SuperYacht Times in attendance. The 43.85-metre motor yacht is the first hull of the largest model ever produced by <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> and is set to make her public debut at the upcoming <a data-gid="gid://syiq/Company/4556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival (Company)">Cannes Yachting Festival</a> in September this year.The Azimut Grande 44M was first unveiled at the <a data-gid="gid://syiq/Event/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2024">2024 Palm Beach International Boat Show</a>, with seven units now sold.<img src="https://photo-assets.superyachttimes.com/photo/399616/image/large-add3361c5917cbfb9b8bd9a4443fc43b.jpg" data-gid="gid://syiq/Photo/399616">Read: <a data-gid="gid://syiq/Article/60031" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut unveils flagship Grande 44M yacht at PBIBS 2024 (2024-03-25 11:30:00 +0100)">Azimut unveils flagship Grande 44M yacht at PBIBS 2024&nbsp;</a>The Azimut Grande 44M 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/5407" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="m2atelier (Company)">m2atelier</a>. Naval architecture was developed by <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">PierLuigi Ausonio Naval Architecture</a>, in collaboration with <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>.Carbon fibre, which makes up over half of the yacht's construction, is the cornerstone of the Grande 44M's design, enabling a gorundbreaking four-deck layout. This structural change not only reduces superstructure weight but it also frees the entire upper deck as a private owner's sanctuary, relocating the wheelhouse to a dedicated fourth deck.<img src="https://photo-assets.superyachttimes.com/photo/399617/image/large-14cc311c2e479ba35bee61c8a2fb44ec.jpg" data-gid="gid://syiq/Photo/399617" 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 Grande 44M “epitomizes the pinnacle of <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>'s technological research”, being launched as the flagship of its Low Emission fleet, with CO₂ emissions reduced by up to 30 percent compared to yachts of similar size.The Grande 44M also incorporates Hull Vane® foil technology, designed to reduce hydrodynamic drag while improving onboard comfort, thanks to the reduction in pitch and roll. According to the shipyard, this represents "a breakthrough in lightweight engineering,” where instead of being composed of steel that would have weighed 1,500 kg, the foil consisted of carbon fiber foil, allowing it to be reduced to just 400 kg.<img src="https://photo-assets.superyachttimes.com/photo/306325/image/large-a99c68a60bc75bf03f7e69b0ac6f9aeb.jpg" data-gid="gid://syiq/Photo/306325" 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;">Moving outside, generous deck spaces offer versatile areas for relaxation and entertaining. Aft, a mezzanine sea view terrace overlooking a beach club can be found centred around a transparent see-through plunge pool.<img src="https://photo-assets.superyachttimes.com/photo/306328/image/large-60a8561481c7b554e1c504212e5d9501.jpg" data-gid="gid://syiq/Photo/306328" 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;">With a beam of 8.6-metres and an interior volume of 436 GT, the yacht accommodates guests across five well-appointed staterooms. At the owner's deck, flexible spaces serve as a dining area, media room or guest lounge, all connected to a forward outdoor lounge with a firepit.In terms of propulsion, the <a data-gid="gid://syiq/Yacht/13735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shabby43.85m (143'10&quot;)Azimut Yachts2026">Azimut Grande 44M</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, propelling her to a top speed of 17 knots. Moreover, this is paired with a Mild Hybrid system developed with <a data-gid="gid://syiq/Company/3906" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asea Nautica (Company)">Asea Nautica</a>, allowing the yacht to remain at anchor in generator-free silence for several hours while reducing emissions. All images provided courtesy of <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>.

First Azimut Grande 44M launched in Viareggio

The first Azimut Grande 44M superyacht has been launched in Viareggio, Italy.


Refitting Oceanco's 93m Draak

 A look inside the refit journey of Draak, and how the project has changed what 'refit' can mean

Behind the refit of Oceanco's 93m superyacht Draak

Seen here in <a data-gid="gid://syiq/Company/3107" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Casa de Campo (Company)">Marina Casa de Campo</a> last Friday was the 114.2-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/10233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nausicaä114.2m (374'8&quot;)Lürssen Yachts2026">Nausicaä</a>. Delivered in May this year, the yacht is currently en route to Colón, Argentina, from Salt Island, according to AIS data.<img src="https://photo-assets.superyachttimes.com/photo/399501/image/large-218e56502719dcc08e9624ed27ea602f.jpg" data-gid="gid://syiq/Photo/399501">Spanning six decks, <a data-gid="gid://syiq/Yacht/10233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nausicaä114.2m (374'8&quot;)Lürssen Yachts2026">Nausicaä</a> takes her name from Greek mythology, translating to "burner of ships" or "she who shines among the ships". She represents the first collaboration between <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> and Australian designer <a data-gid="gid://syiq/Company/4739" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marc Newson Ltd (Company)">Marc Newson</a>, who was responsible for both her exterior and interior design.Read:&nbsp;<a data-gid="gid://syiq/Article/65904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="114m Lürssen superyacht Nausicaä delivered (2026-05-25 09:00:00 +0200)">114m Lürssen superyacht Nausicaä delivered</a>Among her standout features is a striking Skydome composed of seven curved glass panes, each measuring 3,000 by 2,800 millimetres, 62 millimetres thick and weighing approximately 1,050 kilograms. The structure shelters a 56-square-metre owner's office with a 3.15-metre ceiling height and direct access to a private sky terrace for alfresco dining.Elsewhere, <a data-gid="gid://syiq/Yacht/10233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nausicaä114.2m (374'8&quot;)Lürssen Yachts2026">Nausicaä</a> replaces the traditional main saloon with a dramatic double-height atrium conceived as an art gallery, while her expansive aft decks feature a central Jacuzzi, a swimming pool and a concealed tender dock.Her propulsion system comprises two primary and three auxiliary engines driving fully electric azimuth pods. A 2MW battery installation enables silent cruising with zero local emissions for extended periods, while the yacht has also been engineered to accommodate a future methanol fuel cell system.

Lürssen yacht Nausicaä Dominican Republic

Seen here in Marina Casa de Campo was the 114.2-metre Lürssen superyacht Nausicaä. 

114m Lürssen superyacht Nausicaä in the Dominican Republic

<a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> has announced the acquisition of <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a>, further expanding the <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco Group</a>'s capabilities across the design and construction of custom yachts.<img src="https://photo-assets.superyachttimes.com/photo/367145/image/large-c0719da09522b0d017fe2fd0a04968e9.png" data-gid="gid://syiq/Photo/367145" 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);">Founded in 1956 and headquartered in Assen, the Netherlands, <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a> is a manufacturer of custom-made and standardised marine solutions for the superyacht, commercial shipping and offshore sectors.&nbsp;Employing around 150 people in facilities in the Netherlands and Vietnam, the company specialises in products including tank vent check valves, manually operated doors and hatches, watertight sliding doors, hull doors and exclusive yacht equipment. According to <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, the acquisition expands the Group's technical capabilities and strengthens collaboration alongside its existing companies, <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a>, <a data-gid="gid://syiq/Company/5546" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aluship (Company)">Aluship</a>, <a data-gid="gid://syiq/Company/5009" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lateral Naval Architects (Company)">Lateral</a> and <a data-gid="gid://syiq/Company/8351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mercury Yacht Construction (Company)">Mercury</a>. <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a> will continue operating with its existing team and strategic direction while serving current and new clients.<img src="https://photo-assets.superyachttimes.com/photo/392202/image/large-6ad65147c55f711bd849cd4f59de3b88.jpg" data-gid="gid://syiq/Photo/392202">The relationship between <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> and <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a> dates back to the late 1990s, when the companies first collaborated on lifting equipment for the <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> superyacht <a data-gid="gid://syiq/Yacht/8" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Mirqab133.0m (436'4&quot;)Peters Werft GmbH2008">Al Mirqab</a>. More recently, <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a> developed the adjustable hinge on the hull doors of <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> that remain horizontal to the deck to account for varying sea conditions.Read:&nbsp;<a data-gid="gid://syiq/Article/65976" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Interiors of 111m Oceanco yacht Leviathan unveiled (2026-04-30 08:45:00 +0200)">Interiors of 111m Oceanco yacht Leviathan unveiled</a>Commenting on the acquisition, CEO of <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, Marcel Onkenhout, said: "Together with Gabe Newell, we are building the yachts of the future. With the addition of <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a> to the <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco Group</a>, we can continue working on new innovations in the field of one of the most complex components of an <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> yacht."CEO of <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a>, Ake van der Vinne, added : "Our doors and hatches are known for their reliability under the harshest conditions, and the same applies to our relationship with <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>. Together with the other partners within the Group, we will develop groundbreaking solutions for the maritime industry."

Oceanco acquires Dutch marine specialist Winel

Oceanco has acquired Dutch marine specialist Winel,  aiding the Group's growing portfolio of maritime companies.




Founded in 2018 as an extension of <a data-gid="gid://syiq/Company/2547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xtenders (Company)">Xtenders</a>’ work in the superyacht sector, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> initially focused on lightweight boarding and deck equipment designed to match the quality and finish of the tenders being delivered. The business grew out of repeated demand from shipyards and designers for products such as swimming ladders and awning systems that reflected the same emphasis on design, weight efficiency and usability. Since then, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> has expanded its range and developed its production capabilities, increasing its presence within the superyacht deck equipment market.Its relationship with <a data-gid="gid://syiq/Company/2547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xtenders (Company)">Xtenders</a> continues to shape how the business operates today. The two companies share engineering expertise and production knowledge and may collaborate on the same yacht, with tender solutions and deck equipment developed in parallel to create greater consistency in design, materials and user experience. This also allows <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> to offer shipyards, designers and owner’s representatives a more coordinated approach across different parts of a project.<img src="https://photo-assets.superyachttimes.com/photo/394339/image/large-761eef67c3473dcab070e3c337afcb00.jpeg" data-gid="gid://syiq/Photo/394339">Expanding the product range and reshaping the business<a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a>’s product range now extends well beyond its initial focus on ladders and awnings. Today, the company’s portfolio includes self-levelling stairs, fender systems, mooring whips, gangways and a broader selection of boarding solutions. While core products such as swimming ladders, awnings, whips and fender systems continue to see strong demand, interest is also growing in newer categories including dock steps and davit cranes.Mooring equipment remains one area of focus, with carbon whips supplied with individual serial numbers to provide traceability and warranty assurance. At the same time, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> is continuing to develop further categories, including SOLAS-compliant pilot ladders, as it seeks to broaden its product range further.<img src="https://photo-assets.superyachttimes.com/photo/396357/image/large-fee6e7bfab36f07ef8214522f3d34037.jpg" data-gid="gid://syiq/Photo/396357">Supporting that broader product mix has been a wider change in the scale and structure of the business. In recent years, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> has undergone a management transition led by Thom van Riet, Joep Wolters and Matthijs van de Wijngaert, which has helped drive growth and product improvement. Greater standardisation and production efficiency have been introduced, while bespoke solutions continue to be developed in close collaboration with designers and shipyards. In a sector where no two projects are the same, the company is aiming to improve efficiency without moving away from the project-specific engineering that superyacht builds often require.<img src="https://photo-assets.superyachttimes.com/photo/257673/image/large-a11765a4442b7038b34c007d2434ac98.jpg" data-gid="gid://syiq/Photo/257673">A growing footprint across the superyacht marketWith its equipment now installed on more than 200 yachts, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> has established a stronger presence across the sector. Its portfolio includes projects such as the 138.8-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/8262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luminance138.8m (455'5&quot;)Lürssen Yachts2024">Luminance</a> and the 118.2-metre <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a> superyacht <a data-gid="gid://syiq/Yacht/7928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liva118.2m (387'10&quot;)Abeking & Rasmussen2023">Liva</a>, reflecting the company’s involvement in some of the market’s larger projects.Geographically, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a>’s work remains concentrated primarily in Europe, where it has developed strong relationships with Northern European shipyards. At the same time, its presence in Turkey and the United States is also growing. This spread points to a business whose development is extending across several key superyacht markets.<img src="https://photo-assets.superyachttimes.com/photo/296018/image/large-0089e144d017c4f91205441eb85626b3.jpg" data-gid="gid://syiq/Photo/296018">Defining the next phase of growthLooking ahead, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a>’s next phase of development is expected to centre on further expansion of its production capabilities and continued product development. The company is investing in greater production capacity with the aim of shortening lead times while maintaining quality, as it seeks to support a wider range of projects.<img src="https://photo-assets.superyachttimes.com/photo/396354/image/large-b0173840d76a356eba3652865ef1364a.jpg" data-gid="gid://syiq/Photo/396354">For <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a>, the next stage is less about shifting away from its original specialism than about building on it. What began as a focused extension of <a data-gid="gid://syiq/Company/2547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xtenders (Company)">Xtenders</a>’ work has developed into a broader deck equipment business with a wider product range, greater production capacity and a growing presence across the superyacht market.<img src="https://photo-assets.superyachttimes.com/photo/299376/image/large-90e12966530dd0bc71affdabd57b625a.jpg" data-gid="gid://syiq/Photo/299376">

From one tender to 200 Yachts: Xquip’s growth in superyacht deck equipment

Xquip charts its growth from Xtenders extension to a superyacht deck equipment specialist with products installed on more than 200 yachts.

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

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

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

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

The American boating giant <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has dominated the news over the past two years, with record breaking acquisitions and a major expansion into the superyacht sphere. Last year the company announced the 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> and its global presence is becoming more solidified every quarter. We sat down with Chief Revenue Officer Chuck Cashman to find out more about the <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> mentality and to get an insight into the latest expansions.<img src="https://photo-assets.superyachttimes.com/photo/265729/image/large-075b6f10300ff29203f8cee2ee5a74a9.jpg" data-gid="gid://syiq/Photo/265729">So why don't we start off with how&nbsp;<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>&nbsp;fared in 2022 in comparison with 2021 and an overview of your expectations for 2023:We had a record fiscal year in 2021 and we beat that in fiscal year 2022, which was outstanding. We did that both from an acquisition standpoint –we grew the business a lot – but also from an increase in Same-Store Sales.&nbsp;One thing that is definitely clear is that 2021 came with an unprecedented high in terms of passion for boating. Certainly there were other challenges; inventory limitations, supply chain issues and, of course, lockdowns; but 2021/2022 brought a tonne of new people into boating. In 2022 we also saw an increase of first time buyers buying boats over 30 metres: numbers I haven’t seen in the 30 years I've been in this industry.&nbsp;As 2022 came to a close the industry began to see a slowdown, but it is clear even from these first weeks of 2023 that the passion for boating remains, despite the headwinds of interest rates rising and stock market instability. So we’re expecting another good year at <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, across the board. Our main focus will be on improving &nbsp;our marketplace, which becomes that much more important in economically challenging times. <img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-ca20ccc1813073a1b2aa9dfbcd755ab5.jpg" data-gid="gid://syiq/Photo/265732">What drove&nbsp;<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>&nbsp;to acquire two superyacht brokerage houses and did the company ever consider consolidation?We had been specifically seeking out the acquisition of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> for some time before we finalised the agreement in 2019. Expansion into the superyacht sector was a natural move for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> and we liked the company, the management and where they were based. Fraser was a very natural fit for us so we were very happy when it came to fruition.&nbsp;<a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a>, on the other hand, actually approached us – and not long after the <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> acquisition was announced. Even though we hadn't been looking for another brokerage house, we met with the leadership team and they left a very good impression. It's important to note that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has a very thorough and strategic acquisition programme, so we carefully analysed <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">N&amp;J</a> before we made any proposals and saw both good results, and a very solid team.Once the decision to acquire both <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> and <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> was made, the obvious thing was to combine the two houses and create what would have been the biggest brokerage in the world. But after spending time looking under the hood of both companies, digging into their databases, we found that the crossover in clientele between them was only 2 percent. We were so surprised we had the analysts run the numbers again because we were expecting closer to 35-40 percent competitive crossover, but it was clear the two companies operated within entirely different client pools. Because of this the decision to retain them as separate and individual assets was, in the end, very easy, and on top of that we couldn’t see the point in disrupting two healthy businesses purely for the bravado of saying “we’re the biggest”. We don’t want to say it, we want to be the best.&nbsp;We have, however, combined the two backend systems. Bringing them onto the same account programme for example, has reduced expenses and allowed us to leverage the advantages of both houses. Their combined power has given us excellent hiring magnetism and we have attracted some excellent talent to both businesses.&nbsp;As for the future, we may well consolidate down the line, but there is no plan for it right now and I'm confident that the acquisitions were the right decision. Both companies have reported record years since they joined <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> and we have been able to provide them with massive scope for expansions and acquisitions under their own umbrellas.<img src="https://photo-assets.superyachttimes.com/photo/265730/image/large-9f50024dac70c8a6a14a2afb2983061b.jpg" data-gid="gid://syiq/Photo/265730">In August 2022 you announced&nbsp;<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 acquisition of the marina titan&nbsp;IGY Marinas&nbsp;for $480</a>&nbsp;million. Was that an opportunity you sought out or did they come to you?&nbsp;Our CEO Brett McGill has been interested in moving into the marina sphere for a number of years. Brett has been working hard to change the perception of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> as only a boat retailer and movement into the superyacht services segment was one part of the strategy to do that, the <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> acquisition another. Where brokerage revenue is cyclical with relatively low profit margins, marinas have a very solid and consistent revenue stream with a good margin. At the end of the day, boats need slips.&nbsp;Our profitability over the last few years has allowed us to expand our horizons and <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> is certainly our biggest acquisition to date, and one that we are very excited about. Marina management, aside from the revenue aspect, allows us to offer our customers a full suite of services and to continue to offer them benefits over and over again. <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> was a very healthy company, and like <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)">N&amp;J</a> it already had great people onboard, so when the opportunity arose, &nbsp;we accelerated. <img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-9384651b02a3c3b8b113c3d33254dc31.jpg" data-gid="gid://syiq/Photo/265731"><a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>&nbsp;is a very healthy company right now, but you do have competition with businesses such as&nbsp;<a data-gid="gid://syiq/Company/6334" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Yacht Group (Company)">OneWater&nbsp;</a>on your doorstep. Do you see them as a threat?&nbsp;Of course competition will always be there, and I’ve always believed that it is good to have competitors pushing you to be better. I have a lot of respect for <a data-gid="gid://syiq/Company/6334" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Yacht Group (Company)">OneWater</a> and for <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> and their collaboration is a great move. They are also companies that have always looked after their clients, which is the most important thing. What I don't want to see is second tier companies coming into our sector, creating bad customer experiences that push people away from boat ownership because that is detrimental to the entire industry as a whole.&nbsp;I would also say that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has been moving from strength-to-strength for 25 years, we know our client and our industry, and those sectors that we don’t know, we pull the right people in to advise us. People may perceive us as making sudden acquisitions or rash decisions, but we aren’t like that at all; we are careful and conscientious about the expansions we make and that has allowed us to expand steadily into the position we are now in.&nbsp;This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/yacht-news/syt-issue-44-newspaper-published" rel="noopener noreferrer" target="_blank" title="">Issue 44 of SuperYacht Times newspaper</a>. To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper, <a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

Interview with Chuck Cashman of MarineMax

Francesca Webster sat down with MarineMax CRO Chuck Cashman to discuss the plans and future of the American titan.

Investments & Expansions

MarineMax launches new Superyacht Division with Daniel Ziriakus and Alessandra Nenci