Applications for insolvency have been filed for <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> in Rendsburg and <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">FSG (Flensburger Schiffbau-Gesellschaft)</a> in Flensburg, both owned by Lars Windhorst's Tennor Group. The companies affected are <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">FSG</a>-<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> Holding GmbH, <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">Flensburger Schiffbau-Gesellschaft</a> mbH, <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug Yachts</a> GmbH and FSG <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> Design GmbH.<img src="https://photo-assets.superyachttimes.com/photo/208720/image/large-e7e6ae4c19219ed8e1c5ffeb77d63074.png" data-gid="gid://syiq/Photo/208720">The district courts of Flensburg and Neumünster have appointed lawyers Christoph Morgen and Hendrik Gittermann as provisional insolvency administrators, according to official statements. Representatives from IG Metall and the works councils, as well as Schleswig-Holstein's Minister of Economic Affairs, Claus Ruhe Madsen (CDU), are also involved in the discussions.The appointed administrators, alongside their teams, are currently evaluating the financial situation of the two shipyards, which operate under the <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">FSG</a>-<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> Holding umbrella. According to local news outlet Spiegel, staff meetings are being held to address the workforce and discuss the shipyards' future. <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)"><img src="https://photo-assets.superyachttimes.com/photo/194054/image/large-45f340199e017ba851e37398be4b85c3.jpg" data-gid="gid://syiq/Photo/194054">FSG</a> and <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> have faced long-standing financial difficulties, with delays in salary payments becoming a recurring issue. The November payroll and Christmas bonuses for the approximately 500 employees at both shipyards has been secured by insolvency money.The challenges at <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> shipyard in Rendsburg have escalated, with reports revealing that the Schleswig-Holstein public utility company nearly cut off power to the site on Monday. The shipyard has been operating without a power supply contract since 1 December.The utility company postponed the measure due to the presence of a federal police ship undergoing critical repairs in the dock. However, postponement will extend only until Thursday 12, allowing for the completion of the vessel's repairs, according to a statement issued on Tuesday.<img src="https://photo-assets.superyachttimes.com/photo/203683/image/large-6d8021c836d0ab4368cc45757972e89f.jpg" data-gid="gid://syiq/Photo/203683">Nobiskrug first announced their insolvency in April 2021, with the company looking into a number of investment requests to rescue them. In July 2021, <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">FSG</a> announced the acquisition of the German shipyard, including its shipbuilding facilities, trademark rights and intellectual property. The acquisition was completed in August 2021, with Lars Windhorst, founder and owner of the Tennor Group taking over both <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">FSG</a> and <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a>.&nbsp;Read: <a data-gid="gid://syiq/Article/53575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lars Windhorst completes Nobiskrug takeover (2021-08-20 08:45:00 +0200)">Lars Windhorst completes Nobiskrug takeover</a><img src="https://photo-assets.superyachttimes.com/photo/314294/image/large-73d925bb1029ea9a31daaada06272324.jpg" data-gid="gid://syiq/Photo/314294">In June 2024, announced Robert Fischer von Mollard as the new managing director of <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">FSG</a>-<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> and Michel Bollmann as technical director, while Lars Windhorst will step down from operational management.Read: <a data-gid="gid://syiq/Article/60676" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug announces new management team funded by start-up capital (2024-06-07 15:00:00 +0200)">Nobiskrug announces new management team funded by start-up capital</a>This change in management was created to utilise start-up capital and ensure the continuity of operations at both sites. At the same time, work at both facilities had come to a standstill, due to a lack of monetary funds to maintain machines and provide security services.SuperYacht Times has reached out to <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">FSG</a> and <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> for further information.

Nobiskrug and FSG file for insolvency 

Sapphire and Mogambo yachts fitting out at Nobiskrug shipyard

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Nobiskrug takeover - Philipp Maracke and Lars Windhorst

Nobiskrug shipyard 

Michel Bollmann, Lars Windhorst and Robert Fischer von Mollard of Nobiskrug

Applications for insolvency have been filed for Nobiskrug and Flensburger Schiffbau-Gesellschaft (FSG), both owned by Lars Windhorst's Tennor Group.

Nobiskrug and FSG shipyards file for insolvency 

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has announced the resignation of chairman and CEO Giovanni Costantino and non-executive director Gianmaria Costantino. This move triggered the dissolution of the company's entire board of directors.<img src="https://photo-assets.superyachttimes.com/photo/386329/image/large-5b57b6cc7647b019165636d2e632aab4.jpg" data-gid="gid://syiq/Photo/386329">The resignations, effective 20 July, automatically dissolved the board under the company's articles of association and Italian corporate law, as the majority of directors appointed by shareholders are no longer in office.The existing board will continue to operate on an interim basis until shareholders appoint a new board, with a meeting to be convened as soon as possible. The company said this would ensure business continuity and allow its ongoing restructuring process to continue.According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, the resigning directors said they had done everything possible to address the company's crisis and advance its restructuring efforts. They believe a change in governance will help strengthen stakeholder confidence, ensure continuity and maximise value for creditors.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">Read more:&nbsp;<a data-gid="gid://syiq/Article/66488" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG granted 60 days to file restructuring plan (2026-07-06 09:00:00 +0200)">TISG granted 60 days to file restructuring plan</a>The announcement comes just weeks after the company entered a court-supervised crisis regulation procedure under Italy's Crisis Code. Earlier this month, the Court of Florence confirmed protective measures allowing <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> to continue operating while it prepares a restructuring plan. The measures prevent shipowners from terminating existing contracts due to shipyard defaults or enforcing related guarantees, while also providing temporary relief to key suppliers involved in projects nearing delivery.The company has said the court protections will support the completion of ongoing yacht builds and the implementation of its restructuring strategy. Subject to agreements with suppliers, clients and financing institutions, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> is also considering a capital increase of around €100 million from the fourth quarter to strengthen its financial position.Despite stepping down as chairman and CEO, Giovanni Costantino remains <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> majority shareholder, indirectly controlling 53.6 per cent of the company's share capital through GC Holding S.p.A. Gianmaria Costantino does not hold shares in the company.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">Read more: <a data-gid="gid://syiq/Article/66451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG reports over €178 million net financial debt in latest restructuring update (2026-07-01 09:15:00 +0200)">TISG reports over €178 million net financial debt in latest restructuring update</a>The company added that neither director had raised objections or disputes regarding board decisions as part of their resignation. Giovanni Costantino also has no ongoing employment or contractual relationship with the company, while Gianmaria Costantino will remain an employee under his existing employment contract.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> said it will continue to update the market on developments as the restructuring process progresses.

TISG Costantino resignation

The Italian Sea Group (TISG) has announced the resignation of chairman and CEO Giovanni Costantino

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TISG chairman Giovanni Costantino resigns, triggering board dissolution

<a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a> has announced the appointment of Myriam Cutolo as Executive Vice President. <img src="https://photo-assets.superyachttimes.com/photo/400424/image/large-bb28a90401bc22ca0d567563f4dbb08e.png" data-gid="gid://syiq/Photo/400424">In her new role, Myriam Cutolo will coordinate the company’s administration, finance, organisation and business development activities, working in synergy with the management team and the heads of the various operational areas.Myriam brings with her extensive knowledge of the company, where she has developed her understanding of the organisation, its people and the processes in which it operates. An Olympic sailor and manager, her skills have been honed to complement the experience and skills of the team. <img src="https://photo-assets.superyachttimes.com/photo/400419/image/large-786015d14f715d880541f2641a598533.jpg" data-gid="gid://syiq/Photo/400419">Founded in 1995 by Sergio Cutolo and Silvia Himsolt, <a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a> has evolved from an engineering company into a leading yacht design firm. The company has grown over the years, with the arrival of Nicola Camuffo as Chief Technical Officer (CTO) and Michele Lauriero as Chief Operating Officer (COO) in 2025.“Over more than thirty years, Sergio Cutolo built far more than a design studio: he built a culture, a vision and a wealth of expertise that today belong to all of <a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a>,” explained Myriam Cutolo.“My goal is not to replace my father, because a figure like his cannot be replaced, and there would be no point in trying. My role is to help ensure that what he built continues to grow and generate value through the people who lead and develop the company every day.”<img src="https://photo-assets.superyachttimes.com/photo/400421/image/large-e9c1b1f865b39b50291c37cd6dc865fe.jpg" data-gid="gid://syiq/Photo/400421">Speaking of his daughter’s transition into the role of Executive Vice President, President &amp; Founder Sergio Cutolo said: “Seeing Myriam take on this role is a source of great satisfaction for me, not only as founder but also as a father.”“What we are building together is an organisation capable of evolving while maintaining the same quality, reliability and passion that have guided us from the very beginning. That is the most important guarantee we can offer for <a data-gid="gid://syiq/Company/1181" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydro Tec (Company)">Hydro Tec</a>’s future.”

Hydro Tec appoints Myriam Cutolo as Executive Vice President

Hydro Tec has announced the appointment of Myriam Cutolo as Executive Vice President. 

Norwegian maritime technology company <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> has announced an agreement to acquire the Swedish company <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> AB.<img src="https://photo-assets.superyachttimes.com/photo/400397/image/large-a892bdf50408f966fb7e7ca3fd29bc7f.jpg" data-gid="gid://syiq/Photo/400397"><a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> is a leading designer and manufacturer of integrated propulsion and electrical systems for the maritime market and has demonstrated strong growth and a profitable market position in recent years.“This acquisition is central in our growth plan and strengthens our ability to serve a broader range of customers and vessel segments,” explained Lisa Edvardsen Haugan, CEO of <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>.The financial details of the transaction are currently undisclosed, but the acquisition is priced at approximately the same EV/EBITDA level as the current pricing of <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> ASA.“<a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> complements our portfolio in a highly attractive way and together we will deliver greater value through a wider offering, stronger lifecycle support and shared expertise,” added Haugan.<a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> will operate as a separate brand and standalone business unit within <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>’s Propulsion &amp; Handling division, allowing <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg</a>’s customer focus and culture to be maintained. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/400398/image/large-ae759ecd6b2a91de8c3c0a944c475fb2.jpg" data-gid="gid://syiq/Photo/400398">“Joining forces with <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> is an exciting opportunity for <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>. Our businesses complement each other well, and together we can create new opportunities for our customers and employees,” commented Philip Chaabane, CEO of <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>.According to <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>, the acquisition will allow them to benefit from <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>’s strong entrepreneurial culture, lean operations and speed in execution. At the same time, Berg Propulsion will gain access to KM’s global scale, systems expertise and structured capabilities.“The transaction will unlock significant potential in the aftermarket,” explained Per Håvard Siljan Hjukse, EVP Propulsion &amp;. Handling at <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a>. “We also see cross selling opportunities, such as our Energy &amp; Control products into <a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a>’s core segments, and Berg’s propeller systems into naval where KM has strong positions.”The combined propulsion portfolio will cover a full spectrum of technologies, including controllable pitch propellers and thrusters, hybrid and electrical propulsion systems and integrated vessel control solutions.In January 2026, <a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> announced that the company was formally on track to become an independent company after shareholders of Kongsberg Gruppen approved the separation at a general meeting held on Thursday 22 January 2026.Read more: <a data-gid="gid://syiq/Article/65227" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime to become stand-alone company (2026-01-23 12:15:00 +0100)">Kongsberg Maritime to become stand-alone company</a><img src="https://photo-assets.superyachttimes.com/photo/400399/image/large-55d4fc3d28111400f5505de36c37d8d0.png" data-gid="gid://syiq/Photo/400399"><a data-gid="gid://syiq/Company/6426" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kongsberg Maritime (Company)">Kongsberg Maritime</a> operates across multiple maritime segments, supplying systems and solutions for offshore vessels, cruise ships, fishing vessels and naval platforms. The company is also a well-established supplier within the yacht and superyacht sector, where its integrated bridge systems, propulsion solutions and automation technologies are widely used.<a data-gid="gid://syiq/Company/8935" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Berg Propulsion (Company)">Berg Propulsion</a> is a Swedish company that designs and manufactures controllable-pitch propellers for the marine industry. The company produces customised main propellers, azimuth thrusters, transverse thrusters and manoeuvre systems for various vessels including cargos, tugs and superyachts.&nbsp;

Kongsberg Maritime acquires Berg Propulsion

Norwegian maritime technology company Kongsberg Maritime has announced an agreement to acquire the Swedish company Berg Propulsion AB.

<a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a> has announced that Bogdan Gusarev has joined as Sales Manager for Europe and the CIS region. <img src="https://photo-assets.superyachttimes.com/photo/399998/image/large-62a5903f5dff04c9e810116b4eaef5da.jpg" data-gid="gid://syiq/Photo/399998">Gusarev brings more than a decade of experience in the explorer yacht sector and has lived and worked across some of the world's most prevalent yacht building regions including Germany, Italy and Turkey.Before entering the industry, Gusarev lived aboard a sailing yacht, giving him a practical knowledge of life at sea. This has allowed him to guide clients with clarity and a strong understanding of what long-range yacht ownership truly requires.“Bogdan combines real boating experience with a genuine understanding of what owners in this segment are looking for,” explained Patrik von Sydow, CEO of <a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a>. “That's a rare mix, and exactly what we need as we grow our presence across Europe and the CIS.”<img src="https://photo-assets.superyachttimes.com/photo/399999/image/large-f2593548ee91bd938b36c95018180e06.jpg" data-gid="gid://syiq/Photo/399999">As well as this, Numarine has announced that Sales Manager for MENA &amp; APAC, Salih Küçükoğlu, will now take on the responsibility for the Turkish market as well. His new title will be Sales Manager for Türkiye, MENA &amp; APAC.He has previously led growth initiatives across the Middle East and Asia-Pacific, playing a key role in expanding dealer networks and managing relationships with high-net-worth clients.“With a customer-focused mindset and a design-driven perspective, Küçükoğlu now brings this experience to Numarine's home market, supporting the shipyard's continued growth in Türkiye,” concluded von Sydow.

Bogdan Gusarev appointed at Numarine

Numarine has announced that Bogdan Gusarev has joined as Sales Manager for Europe and the CIS region. 

Numarine appoints Bogdan Gusarev as Sales Manager for Europe and CIS region

<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> have announced the appointment of Ernesto Bustamante as a Superyacht Sales Broker across their Palm Beach, Fort Lauderdale and Miami offices.<img src="https://photo-assets.superyachttimes.com/photo/399828/image/large-19a5f0e5ae4aec550013e04859fea307.png" data-gid="gid://syiq/Photo/399828">Bustamante joins <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> with over 16 years of experience, including his most recent role with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>. At <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>, he will focus primarily on new-build opportunities, while also supporting brokerage sales transactions.“We are delighted to welcome Ernesto to <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>,” commented Sarah Futhazar, US Managing Director. “His expertise in new-build, combined with his commercial approach and dedication to client service, makes him a valuable addition to our team.”Born in Miami and raised between the US and Colombia, Bustamante interned at <a data-gid="gid://syiq/Company/5418" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bertram Yachts (Company)">Bertram Yachts</a> while in college, later graduating from the University of Miami in 2009 with a degree in International Finance &amp; Marketing, and a minor in Entrepreneurship.While in school, he became a fully licensed and certified yacht broker and consequently worked for a boutique firm. From 2014 to 2019 Bustamante joined the <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> Sales Broker’s team, before later moving to the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> where he worked as a <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> Brand Sales Manager.&nbsp;“What truly attracted me to the company is the opportunity to work with the world's leading shipyards and represent any yacht on the market, giving clients completely independent advice tailored to their ambitions,” concluded Ernesto Bustamante.

Ernesto Bustamante: Camper & Nicholsons appoints Superyacht Sales Broker

Camper & Nicholsons have announced the appointment of Ernesto Bustamante as a Superyacht Sales Broker.

Camper & Nicholsons appoints Ernesto Bustamante as a Superyacht Sales Broker

The <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">Virgin Islands Shipping and Maritime Authority (VISMA)</a> has launched a new Yacht Engaged in Trade (YET) programme, providing British Virgin Islands (BVI)-flagged superyachts with a formal path to combine private use with limited commercial chartering in Greek, Monaco and French waters.The certification, which comes under a newly published <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">Virgin Islands Shipping and Maritime Authority (VISMA)</a>, only applies to BVI-flagged yachts measuring 24-metres and above.<img src="https://photo-assets.superyachttimes.com/photo/285871/image/large-8fcbfd6ecd33123efe76d4c151e81472.jpg" data-gid="gid://syiq/Photo/285871">According to <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a>, owners may retain their Pleasure Certificate of British Registry while taking on a temporary Yacht Engaged in Trade (YET) certificate for the duration of each charter period, for up to a maximum of 84 days per year. Once the charter concludes, the yacht's pleasure certificate is reinstated without requiring conversion to full commercial registration.<a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a> also stated that owners are no longer required to leave European Union waters to complete new import or export formalities when switching between private and charter use.&nbsp;Under the programme, yachts may operate on either basis during the 18-month Temporary Admission period without further customs formalities, provided the relevant conditions are met. Yachts with VAT-paid status or in Free Circulation are not subject to the 18-month limit.<img src="https://photo-assets.superyachttimes.com/photo/363128/image/large-9de6013ee3a3b56cf02c66b85dc42db8.jpg" data-gid="gid://syiq/Photo/363128">The programme is intended for yachts already operating to a commercial standard. To qualify, vessels must measure at least 24-metres in load line length, hold class certification and comply with the Red Ensign Group Yacht Code, the Maritime Labour Convention, the International Safety Management Code and the International Ship and Port Facility Security Code.Furthermore, <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a> verifies compliance through a survey before issuing a Yacht Engaged in Trade Certificate of Compliance, which must be held before each charter period.Charters are limited to 84 days annually and may carry no more than 12 passengers. For non-VAT-paid yachts, charters can currently only commence in Greek, Monaco or French waters. During charter periods, yachts operate under commercial requirements and remain subject to Port State Control inspections under the Paris Memorandum of Understanding.Commenting on the programme, Business Development Manager at <a data-gid="gid://syiq/Company/8923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Virgin Islands Shipping & Maritime Authority (Company)">VISMA</a>, Georgios Bazos, said: "This gives BVI-flagged yachts operating in Europe the opportunity to charter for part of the year while keeping their private registration for the rest. It's a natural next step for the registry, and one more option for owners who want flexibility without added complexity."

VISMA launches 84-day European charter programme for BVI-flagged superyachts

VISMA has launched a new programme, allowing BVI-flagged superyachts up to 84 days of commercial chartering in selected European waters. 

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

<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> has announced the appointment of Evan Kortmann as Chief Executive Officer, succeeding Enrico Theuns, who has led the company since 2023.<img src="https://photo-assets.superyachttimes.com/photo/399351/image/large-0b3b67f3579803bdd2cecd343234633d.jpg" data-gid="gid://syiq/Photo/399351">Theuns was originally appointed as CEO through a planned three-year transition following the retirement of founder Wim van der Valk in April 2024. During his tenure, <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> expanded into the 30 metre segment and further strengthened their position in the superyacht market.&nbsp;Read more: <a data-gid="gid://syiq/Article/60237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard announces retirement of founder and management buyout (2024-04-22 09:30:00 +0200)">Van der Valk Shipyard announces retirement of founder and management buyout</a><img src="https://photo-assets.superyachttimes.com/photo/314045/image/large-e3b7cc6745248f659ccfc2d9b2962713.jpg" data-gid="gid://syiq/Photo/314045">“Leading <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> over the past three years has been a rewarding experience,” commented Enrico Theuns. “I am proud of what we have accomplished together and grateful to our employees, clients, co-makers and partners for their commitment and support throughout this period.”Evan Kortmann joins the management team alongside Technical Director Bram Kooltjes and Commercial Director Yoeri Bijker. Theuns will remain involved during the coming months to &nbsp;ensure a smooth transition and support the handover of his responsibilities.Kortmann joins <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> from <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> where he acted as Chief Executive Officer following the semi-retirement of Daan Balk in 2023. Evan joined Balk the year prior as Chief Commercial Officer before transitioning to CEO.&nbsp;Read more: <a data-gid="gid://syiq/Article/58021" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard appoints Evan Kortmann as CEO as Daan Balk steps down (2023-07-04 16:45:00 +0200)">Balk Shipyard appoints Evan Kortmann as CEO as Daan Balk steps down</a><img src="https://photo-assets.superyachttimes.com/photo/351424/image/large-efe5e4f30ffe75940f3be9e197745b18.jpg" data-gid="gid://syiq/Photo/351424">“<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> has built a strong international reputation for delivering high-quality custom yachts,” explained Kortmann. “Our focus on fully custom yachts between 200 and 500 GT allows owners to create a yacht that reflects their individual requirements, while benefiting from the experience and craftsmanship of our team.”“I look forward to working with our clients, colleagues and partners as we continue developing the company and delivering yachts that meet the highest standards of quality and craftsmanship.”

Evan Kortmann appointed CEO of Van der Valk Shipyard

Van der Valk Shipyard has announced the appointment of Evan Kortmann as Chief Executive Officer.

Van der Valk Shipyard appoints Evan Kortmann as CEO

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has been granted 60 days to submit its final restructuring plan after the Court of Florence formally opened proceedings under Article 44 of Italy's Crisis and Insolvency Code.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">The court approved the company's application, filed on 1 July, and appointed three judicial commissioners to oversee the process. In its order, the court said <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> proposed restructuring appears to be structured with the objective of preserving the company as a going concern.The company said business activities will continue as normal under the protection of court-ordered measures that prevent creditor enforcement actions during the restructuring. The 60-day deadline may be extended by the court if necessary.<img src="https://photo-assets.superyachttimes.com/photo/299411/image/large-fafd2b9bd13d4cf6c4cf377a2ccb8a27.png" data-gid="gid://syiq/Photo/299411">The filing marks a further step in <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG’s</a> restructuring process after the company said it could no longer pursue a turnaround solely within Italy’s negotiated settlement framework. Its board resolved on 30 June to seek protection under Article 44, with the application filed the following day.Read: <a data-gid="gid://syiq/Article/66451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG reports over €178 million net financial debt in latest restructuring update (2026-07-01 09:15:00 +0200)">TISG reports over €178 million net financial debt in latest restructuring update</a>In a recent market update, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> disclosed consolidated net financial debt of approximately €178.7 million and €266.8 million in overdue liabilities as of 31 May 2026. The company also confirmed that accumulated losses had <a href="https://www.superyachttimes.com/yacht-news/tisg-enters-restructuring-phase-share-capital-below-legal-minimum" target="_blank">reduced its share capital below the legal minimum</a> required under Italian law.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">Read more:&nbsp;<a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a>Despite missed loan repayments, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> said its lending banks have not accelerated outstanding borrowings while restructuring negotiations continue. The company has also received a €25 million interest-free shareholder loan from controlling shareholder GC Holding to support liquidity during the process.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, which owns the <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a>, <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>, <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> and <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brands, said it will continue operating its new-build and refit businesses while it prepares the restructuring proposal.

TISG granted 60 days to file restructuring plan

The Italian Sea Group (TISG) has been granted 60 days to submit its final restructuring plan.

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

Fountaine Pajot CEO Nicolas Gardies to step down

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

Fountaine Pajot CEO Nicolas Gardies to step down following leadership transition

<a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> has announced that the 29.18-metre <a data-gid="gid://syiq/Company/130" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonen Yachts (Company)">Moonen</a> motor yacht <a data-gid="gid://syiq/Yacht/2465" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Little Perle29.18m (95'9&quot;)Moonen Yachts2008">Little Perle</a> has been sold. Marco Fodale of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> Monaco introduced the buyer, while Peter Redford and Eugenio Cannarsa of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> Australia represented the seller, supported by Richard Lambert of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> Monaco.&nbsp;According to <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> Australia, the transaction marks its latest sale completed in just under six months.<img src="https://photo-assets.superyachttimes.com/photo/382399/image/large-fa16ed3c4352d301a230215b9bee7c04.jpg" data-gid="gid://syiq/Photo/382399" 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;">Delivered in 2008 by Dutch shipyard <a data-gid="gid://syiq/Company/130" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonen Yachts (Company)">Moonen</a>, <a data-gid="gid://syiq/Yacht/2465" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Little Perle29.18m (95'9&quot;)Moonen Yachts2008">Little Perle</a> features exterior design by <a data-gid="gid://syiq/Company/241" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="René van der Velden Yacht Design (Company)">René van der Velden Yacht Design</a>, with interiors penned by <a data-gid="gid://syiq/Company/165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Art Line (Company)">Art Line</a>. Her naval architecture was crafted by <a data-gid="gid://syiq/Company/7" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Diana Yacht Design (Company)">Diana Yacht Design</a>. The yacht was last refitted in Australia in 2023.Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/2465" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Little Perle29.18m (95'9&quot;)Moonen Yachts2008">Little Perle</a> has a beam of 7.3-metres and a shallow draft of 1.9-metres.&nbsp;At an interior volume of 190 GT, accommodation onboard is arranged for up to nine guests, across a six-stateroom configuration. Dedicated quarters are provided for five crew members, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/2465" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Little Perle29.18m (95'9&quot;)Moonen Yachts2008">Little Perle</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, delivering a cruising speed of 12 knots and a top speed of 14 knots.

29m Moonen motor yacht Little Perle sold

The 29.18-metre Moonen motor yacht Little Perle has been sold, with Fraser representing both the buyer and seller alongside Burgess Monaco.


29m Moonen motor yacht Little Perle sold in less than six months

<a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> and <a data-gid="gid://syiq/Company/1556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SES Yachts (Company)">SES Yachts</a> have unveiled the EPOQ 36, a modern gentleman's yacht concept. She features exterior design by <a data-gid="gid://syiq/Company/6603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="STURGE & TOTH (Company)">Sturge &amp; Toth</a> and naval architecture by <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a>.<img src="https://photo-assets.superyachttimes.com/photo/400569/image/large-0c89a87d0aee8bde68fe98cd0bfa62fe.png" data-gid="gid://syiq/Photo/400569">EPOQ 36 is the first model in <a data-gid="gid://syiq/Company/1556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SES Yachts (Company)">SES Yachts’</a> new series, launched to celebrate the Turkish shipyard’s builder heritage of more than 50 years. The EPOQ series marks a new chapter for the shipyard, introducing a semi-custom platform designed to make its craftsmanship and design approach accessible to a wider range of owners while maintaining its focus on quality and personalisation.<img src="https://photo-assets.superyachttimes.com/photo/400565/image/large-20d293054d15a0c0dc6b137139a0f534.png" data-gid="gid://syiq/Photo/400565">According to <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>, the concept is aimed at owners who prioritise lifestyle over status. Inspired by the Belle Époque, the yacht reflects the era's sophistication and refined way of life."Today's owners increasingly seek yachts that reflect their lifestyle rather than their status," said <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> CEO Peter Hürzeler. "The <a data-gid="gid://syiq/Company/1556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SES Yachts (Company)">SES</a> EPOQ 36&nbsp;delivers exactly that. She is elegant without excess, technically sophisticated without unnecessary complexity, and designed for people who genuinely love spending time at sea."<img src="https://photo-assets.superyachttimes.com/photo/400566/image/large-63cb2310939097f080c323c6b2af113c.png" data-gid="gid://syiq/Photo/400566">Penned by <a data-gid="gid://syiq/Company/6603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="STURGE & TOTH (Company)">Sturge &amp; Toth</a>, the exterior reinterprets the classic gentleman's yacht through subtle references to traditional British yacht design rather than direct historical recreation. The generous outdoor spaces have been designed to maximise the guest experience, while the interiors offer a flexible living environment. In the main saloon, loose furniture is paired with traditional wood craftsmanship and contemporary fabrics. This allows owners significant scope for personalisation, even during the later stages of construction.<img src="https://photo-assets.superyachttimes.com/photo/400564/image/large-f3a4a613890d066a41292d76abb8cf15.png" data-gid="gid://syiq/Photo/400564">One of the yacht's standout features is a glass-bottomed Jacuzzi on the sundeck, which also serves as a skylight for the alfresco dining area below. Incorporating switchable liquid-crystal glass technology, it can alternate between transparent and translucent.<img src="https://photo-assets.superyachttimes.com/photo/400563/image/large-8ffbc700a28713013153529d5d4b8015.png" data-gid="gid://syiq/Photo/400563">The yacht features a steel displacement hull, paired with low-revving engines. At the heart of EPOQ, however, is her renowned Fast Displacement Hull Form (FDHF), developed by <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a>. Combining the efficiency of a displacement yacht with the performance of a semi-displacement design, the hull reduces fuel consumption while improving cruising efficiency and onboard comfort.<img src="https://photo-assets.superyachttimes.com/photo/400571/image/large-dc0b102bc8291654051f818c68f998d5.png" data-gid="gid://syiq/Photo/400571">Her lower deck layout has been standardised to optimise build quality while retaining flexibility for owner customisation. "EPOQ was never about adding complexity," concluded designer Benjamin Toth. "Every design decision has been evaluated through the lens of how owners actually use their yachts. The result is a vessel that offers exceptional comfort while remaining practical to own and operate for decades."

SES Yachts EPOQ 36 yacht concept

 Ocean Independence and SES Yachts have unveiled the EPOQ 36.

SES Yachts unveils Belle Époque-inspired EPOQ 36 yacht concept

Croatian yacht brokerage <a data-gid="gid://syiq/Company/6275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navis Marine (Company)">Navis Marine</a> has expanded its international presence with the opening of <a data-gid="gid://syiq/Company/6275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navis Marine (Company)">Navis Marine</a> Exclusive, its new sales and brokerage office in Monaco.<img src="https://photo-assets.superyachttimes.com/photo/400581/image/large-cd60de5aaee3d09e88758dafc055bede.jpg" data-gid="gid://syiq/Photo/400581">Strategically located at Port Hercule, the new office will serve as the company's international sales and brokerage hub and will represent the <a data-gid="gid://syiq/Company/5305" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Solaris Yachts (Company)">Solaris</a> and Stradivari boating brands on an exclusive basis. The expansion is also intended to strengthen <a data-gid="gid://syiq/Company/6275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navis Marine (Company)">Navis Marine</a>'s position in the superyacht segment and enhance its offering to ultra-high-net-worth clients across the Mediterranean.Located at 7 Avenue J.F. Kennedy, the Monaco office is the newest addition to <a data-gid="gid://syiq/Company/6275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navis Marine (Company)">Navis Marine</a>'s growing network, following the opening of its Slovenia office in 2025. The company said the new location will strengthen connections between its established Adriatic operations and the wider Mediterranean market. <a data-gid="gid://syiq/Company/6275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navis Marine (Company)">Navis Marine</a> Exclusive will be led by Commercial Director Carlos Vassallo, who brings more than 15 years of industry experience to the role.<img src="https://photo-assets.superyachttimes.com/photo/400577/image/large-984c4f1c0ecf46a43da3102f38d36c95.jpg" data-gid="gid://syiq/Photo/400577">"The opening of <a data-gid="gid://syiq/Company/6275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navis Marine (Company)">Navis Marine</a> Exclusive in Monaco represents an important milestone in our long-term development," said COO of <a data-gid="gid://syiq/Company/6275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navis Marine (Company)">Navis Marine</a>, Fredrik Delić. "Monaco is the natural meeting point of the international yachting industry, and this presence allows us to strengthen the connection between our established Adriatic operations and the wider Mediterranean market."<img src="https://photo-assets.superyachttimes.com/photo/400582/image/large-fa942b4a4b374d5724ecbfd9de3e5318.jpg" data-gid="gid://syiq/Photo/400582">Founder and CEO of <a data-gid="gid://syiq/Company/6275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navis Marine (Company)">Navis Marine</a>, Gordan Zadro, added: “When I founded <a data-gid="gid://syiq/Company/6275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navis Marine (Company)">Navis Marine</a> in 2010, my ambition was to build a company that clients, partners, and manufacturers would trust for its professionalism, integrity, and long-term commitment. That philosophy has guided every decision we have made over the past fifteen years and continues to shape our future."<img src="https://photo-assets.superyachttimes.com/photo/400578/image/large-cbb9d1a50858e9aa6841602100321099.jpg" data-gid="gid://syiq/Photo/400578">Founded in 2010, <a data-gid="gid://syiq/Company/6275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navis Marine (Company)">Navis Marine</a> is a yacht brokerage specialising in yacht sales, acquisition advisor, charter services and yacht management. Headquartered in Zagreb, Croatia, the company now has offices in Split, Trogir, Ljubljana and Monaco, with further international expansion planned before the end of 2026.

Navis Marine opens new sales and brokerage office in Monaco

Navis Marine has expanded its international presence with the opening of Navis Marine Exclusive, a new sales and brokerage office in Monaco.


<a data-gid="gid://syiq/Company/2718" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Der Heijden Steelyachts B.V. (Company)">Van der Heijden</a> has announced the sale of its new 26-metre <a data-gid="gid://syiq/Yacht/17240" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Der Heijden Explorer IV26.0m (85'4&quot;)Van Der Heijden Steelyachts B.V.2027">Van Der Heijden Explorer IV</a> yacht. Construction is currently underway at the Dutch shipyard's facility in Waalwijk, with the project marking the latest addition to its explorer range.<img src="https://photo-assets.superyachttimes.com/photo/400560/image/large-324295561c7077030e1500eecb7e7d99.png" data-gid="gid://syiq/Photo/400560">For the shipyard, <a data-gid="gid://syiq/Yacht/17240" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Der Heijden Explorer IV26.0m (85'4&quot;)Van Der Heijden Steelyachts B.V.2027">Van Der Heijden Explorer IV</a> represents a new generation of the <a data-gid="gid://syiq/Company/2718" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Der Heijden Steelyachts B.V. (Company)">Van der Heijden</a> explorer series, which benefits from an increased interior volume with contemporary exterior lines and a highly customised layout.<img src="https://photo-assets.superyachttimes.com/photo/400553/image/large-cabfc6c2a3f4eb9bbbdab74188ba81c6.png" data-gid="gid://syiq/Photo/400553">Developed around the owner’s cruising plans and requirements, the yacht has a beam of 7.5-metres and a draft of 2.3-metres.<img src="https://photo-assets.superyachttimes.com/photo/400554/image/large-6ee481de108019c8703f1aacfe7848f8.png" data-gid="gid://syiq/Photo/400554">Stepping inside, the yacht has been designed with amply proportioned living and dining areas, while her layout separates private guest accommodation from social living spaces, technical areas. Large windows allow plenty of natural light and a close connection to the surrounding ocean vistas.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/400555/image/large-6b02cbfdfe7221803da3b42e43edc048.png" data-gid="gid://syiq/Photo/400555">Outside, extensive spaces for outdoor relaxing and entertaining can be enjoyed by the guests while cruising the Mediterranean seas.<img src="https://photo-assets.superyachttimes.com/photo/400552/image/large-8f91b1c085af9231e8e347887c391d5d.png" data-gid="gid://syiq/Photo/400552">Accommodation onboard is arranged for up to eight guests across four en suite staterooms, alongside separate quarters for four crew members across two quarters.<img src="https://photo-assets.superyachttimes.com/photo/400561/image/large-2b01b4ef0735ded9012edff7dc848599.png" data-gid="gid://syiq/Photo/400561" 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);">Being built to applicable <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a> class requirements and intended to meet CE Design Category A - Ocean, the <a data-gid="gid://syiq/Yacht/17240" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Der Heijden Explorer IV26.0m (85'4&quot;)Van Der Heijden Steelyachts B.V.2027">Van Der Heijden Explorer IV</a> has been conceived for long-range cruising. The final propulsion package, onboard systems and cruising capabilities will be tailored to the owner's preferences.All images provided courtesy of <a data-gid="gid://syiq/Company/2718" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Der Heijden Steelyachts B.V. (Company)">Van der Heijden</a>.

26m Van der Heijden Explorer IV yacht sold

Van der Heijden  has announced the sale of its new 26-metre Explorer IV yacht, which is currently under construction at the Dutch shipyard's facility.

In-build 26m Van der Heijden Explorer IV yacht sold

It is with great sadness that we announce the passing of former <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a> broker Robert D. "Bob" Leslie. He passed away at his home on 11 July.<img src="https://photo-assets.superyachttimes.com/photo/400536/image/large-ea6639b392ac2fa5fde114c606722852.jpg" data-gid="gid://syiq/Photo/400536">A highly respected figure in the yachting industry, Bob built a career spanning more than five decades and was admired for his professionalism, integrity and unwavering commitment to his clients. He was also a mentor to many within the brokerage community, earning a reputation as a trusted and generous colleague.Bob’s passion for life on the water began at an early age after restoring an abandoned 10-foot dory when he was just 11 years old. Following his graduation from the University of Massachusetts Amherst and a brief period of service in the U.S. Navy, he dedicated his life to sailing and yacht brokerage. An accomplished ocean racer, he competed in numerous offshore events, including the Newport to Bermuda, Marblehead to Halifax and Southern Ocean Racing Conference (SORC) races.He began his brokerage career in 1971 at Graves Yacht Yard in Marblehead, Massachusetts, before acquiring <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson's</a> Massachusetts office in 1985. He led the office for more than two decades before selling the business in 2007, while remaining part of the company and continuing to serve clients from the firm's Newport office.Beyond his brokerage work, Bob played an influential role in advancing professional standards across the industry. A former president of the Yacht Brokers Association of America, he was named Broker of the Year in 1991. He then helped develop the Certified Professional Yacht Broker (CPYB) examination, which went on to become the industry's national certification standard.According to <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>, Bob believed a broker's role was not simply to make a sale, but to provide trusted advice and help clients make informed decisions. That philosophy earned him the lasting trust of clients and the respect of colleagues across the yachting industry.<a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a> Chairman Kevin Merrigan reflected on Bob’s death: “He treated everyone with respect, conducted business with unwavering integrity, and proved that success comes from earning trust over a lifetime. I will always be grateful for his mentorship and friendship. He represented the very best 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> and of our industry.”Photo courtesy of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.

Northrop & Johnson Broker Robert Leslie dies

It is with great sadness that we announce the passing of former Northrop & Johnson broker Robert D. "Bob" Leslie.

In Memoriam: Former Northrop & Johnson Broker Robert “Bob” Leslie passes away

<a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA Yachts</a>, a brand of <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyachts</a>, has announced the delivery of the 67-metre ISA Gran Turismo superyacht <a data-gid="gid://syiq/Yacht/12869" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Raider X67.0m (219'10&quot;)ISA Yachts2026">Sea Raider X</a> ahead of her debut at the <a data-gid="gid://syiq/Event/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2026">Monaco Yacht Show 2026</a>. The four-deck vessel is the flagship of the shipyard's fleet.<img src="https://photo-assets.superyachttimes.com/photo/400545/image/large-4fbca6a4069f50b7e6da10a4f2589553.jpg" data-gid="gid://syiq/Photo/400545">She features an exterior by <a data-gid="gid://syiq/Company/289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vallicelli Design (Company)">Vallicelli Design</a>, while the interiors were created by <a data-gid="gid://syiq/Company/1197" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Team for Design - Enrico Gobbi (Company)">Team for Design – Enrico Gobbi</a>. Her naval architecture was developed in-house by the shipyard.<img src="https://photo-assets.superyachttimes.com/photo/400546/image/large-928f1afcc8ee92defa9d9bf135594e07.jpg" data-gid="gid://syiq/Photo/400546">The yacht's black-painted steel hull and silver aluminium superstructure complement her sporty silhouette. She stands out for her blend of flowing curves and angular styling, with sweeping deck lines contrasting against the diamond-shaped design of the stern and upper sun deck for a contemporary appearance. A distinctive frame-like element connects the wheelhouse roof to the aft section of the main deck. This creates a dynamic profile while reflecting the signature styling of the Gran Turismo range.<img src="https://photo-assets.superyachttimes.com/photo/400542/image/large-d652ff1602b6af93fac30e4043144d6f.jpg" data-gid="gid://syiq/Photo/400542">Inside, <a data-gid="gid://syiq/Yacht/12869" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Raider X67.0m (219'10&quot;)ISA Yachts2026">Sea Raider X</a> accommodates up to 14 guests across seven staterooms, including a full-beam owner's suite located forward on the main deck. Accommodation is also provided for a crew of 13, including the captain, across eight cabins.Aft on the main deck, the yacht offers a spacious outdoor lounge centred around a 6.5-metre panoramic swimming pool. Fold-down side terraces expand the available deck space, while integrated staircases provide seamless access to the aft swim platform and beach club.<img src="https://photo-assets.superyachttimes.com/photo/400547/image/large-b681a7811fb1ba8e14a4ce4e58fa49be.jpg" data-gid="gid://syiq/Photo/400547">On the lower deck, the yacht's 7.5-metre-plus primary tender is stored in a dedicated garage and launched through a side-opening hatch. The garage connects directly to the beach club, which is equipped with a hammam, bar and gym. Once the tender has been deployed, the covered aft garage area can be converted into an expansive entertainment space, increasing the size of the beach club.<img src="https://photo-assets.superyachttimes.com/photo/400541/image/large-244ece862d9ea8113faeaa758d10ad1d.jpg" data-gid="gid://syiq/Photo/400541">Commenting on the delivery, <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA Yachts</a> concluded: “<a data-gid="gid://syiq/Yacht/12869" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Raider X67.0m (219'10&quot;)ISA Yachts2026">Sea Raider X</a> embodies the evolution of <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA Yachts</a>' Gran Turismo philosophy, combining performance, engineering innovation and outstanding build quality in a project that redefines the contemporary yachting experience.”

ISA Gran Turismo Sea Raider X yacht delivered

ISA Yachts has announced the delivery of the 67-metre ISA Gran Turismo superyacht Sea Raider X.

67m ISA Gran Turismo yacht Sea Raider X delivered ahead of Monaco debut

The 29-metre <a data-gid="gid://syiq/Company/4411" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bozburun Shipyard (Company)">Bozburun</a> gulet <a data-gid="gid://syiq/Yacht/17070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Alize29.0m (95'2&quot;)Bozburun Shipyard2020">Princess Alize</a> has sunk after a fire broke out while anchored in Hamam Bay, Göcek, according to local media reports.<img src="https://photo-assets.superyachttimes.com/photo/400549/image/large-625fc3379408f97c79cd097a3265d7da.png" data-gid="gid://syiq/Photo/400549">Turkish news outlets TRT Haber and Anka reported that a fire broke out aboard the yacht at around 06:30 local time. TRT Haber said the blaze originated in the engine room. Five passengers and three crew members were safely evacuated before the blaze spread through the vessel.<img src="https://photo-assets.superyachttimes.com/photo/400551/image/large-73258cb2b1a4130f9e54c30a2724d870.jpg" data-gid="gid://syiq/Photo/400551">Coast Guard, coastal police and port authority teams responded to the incident, extinguishing the fire after approximately two hours. However, the yacht later sank. No injuries or fatalities were reported, and authorities have launched an investigation into the cause of the fire.<a data-gid="gid://syiq/Yacht/17070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Alize29.0m (95'2&quot;)Bozburun Shipyard2020">Princess Alize</a> was designed in-house by her Turkish builder. The 29-metre sailing yacht has a 7.5-metre beam and a volume of 150GT, with accommodation for up to 10 guests across five staterooms. 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, she cruises at 9 knots and reaches a top speed of 12.5 knots.

Princess Alize yacht fire Göcek

The 29-metre Bozburun gulet yacht Princess Alize has sunk after a fire broke out while anchored in Hamam Bay.

29m sailing yacht Princess Alize sinks following fire in Hamam Bay, Göcek

<img src="https://photo-assets.superyachttimes.com/photo/400504/image/large-977b98f8de1a3df5c739e8f122477f60.jpg" data-gid="gid://syiq/Photo/400504">The 35.3-metre <a data-gid="gid://syiq/Company/16" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Brooke Marine Ltd. (Company)">Brooke Marine</a> motor yacht <a data-gid="gid://syiq/Yacht/3194" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Deep Blue35.3m (115'10&quot;)Brooke Marine Ltd.1988">Deep Blue</a> was spotted cruising in Sydney, Australia, in February this year. According to AIS data, she is currently located at Hope Island on Australia's Gold Coast, Queensland.Delivered by the British shipyard in 1988, the flybridge yacht was originally named White Rose of Drachs. She benefitted from a refit in 2017 and features exterior design and naval architecture by <a data-gid="gid://syiq/Company/353" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Don Shead Yacht Design (Company)">Don Shead Yacht Design</a>. At an internal volume of 214 GT, she accommodates up to eight guests across four staterooms.Powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, <a data-gid="gid://syiq/Yacht/3194" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Deep Blue35.3m (115'10&quot;)Brooke Marine Ltd.1988">Deep Blue</a> cruises comfortably at 15 knots and reaches a top speed of 16 knots.

Brooke Marine yacht Deep Blue in Sydney

The 35.3-metre Brooke Marine motor yacht Deep Blue was spotted cruising in Sydney, Australia, in February this year.

35m Brooke Marine motor yacht Deep Blue in Sydney

<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a> has announced the delivery of the 35-metre Deep Blue 115 explorer yacht <a data-gid="gid://syiq/Yacht/13603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Octopus35.0m (114'10&quot;)Cantiere delle Marche (CdM)2026">Octopus</a> to her owners.<img src="https://photo-assets.superyachttimes.com/photo/392154/image/large-071cee919b7fec1d887e19f017e75e50.jpg" data-gid="gid://syiq/Photo/392154">Delivered to experienced American yacht owners, <a data-gid="gid://syiq/Yacht/13603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Octopus35.0m (114'10&quot;)Cantiere delle Marche (CdM)2026">Octopus</a> is a highly customised project featuring exterior design by <a data-gid="gid://syiq/Company/4364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horacio Bozzo Design (Company)">Horacio Bozzo</a>, with interior design penned by <a data-gid="gid://syiq/Company/4478" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cassetta Yacht Designers (Company)">Giorgio M. Cassetta</a>. Her naval architecture was developed by <a data-gid="gid://syiq/Company/1403" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Axis Group Yacht Design (Company)">Axis Yacht Group</a>.<img src="https://photo-assets.superyachttimes.com/photo/392155/image/large-8827b1ee7ddc92b4b92a886f35293fbc.jpg" data-gid="gid://syiq/Photo/392155"><a data-gid="gid://syiq/Yacht/13603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Octopus35.0m (114'10&quot;)Cantiere delle Marche (CdM)2026">Octopus</a> was launched in April this year as the first unit in the Deep Blue 115 series. The series was inspired by the 42.9-metre Deep Blue 141 yacht Acala&nbsp;(now <a data-gid="gid://syiq/Yacht/8242" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Orixa'42.9m (140'9&quot;)Cantiere delle Marche (CdM)2022">Orixa'</a>), the first yacht conceived from the Deep Blue vision, having received multiple requests from clients seeking yachts inspired by the same concept. <a data-gid="gid://syiq/Yacht/13603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Octopus35.0m (114'10&quot;)Cantiere delle Marche (CdM)2026">Octopus</a>&nbsp;was sold following a collaboration between <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a> and Jamie Swaine of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>'s London office.<img src="https://photo-assets.superyachttimes.com/photo/400518/image/large-627df7202594ee39a53b91e991dc19c3.jpg" data-gid="gid://syiq/Photo/400518" 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;">Read more: <a data-gid="gid://syiq/Article/65983" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="35m CdM Deep Blue 115 yacht Octopus launched (2026-04-30 13:00:00 +0200)">35m CdM Deep Blue 115 yacht Octopus launched</a>"We are delighted to deliver Octopus to such knowledgeable and passionate owners," said Co-Founder and CEO of <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a>, Vasco Buonpensiere. "Working with clients of this calibre, who brought a clear vision and deep understanding of yachting, has been both stimulating and rewarding."<img src="https://photo-assets.superyachttimes.com/photo/400517/image/large-912995a7807e83b9d07f2b60276a055a.jpg" data-gid="gid://syiq/Photo/400517">Outside, <a data-gid="gid://syiq/Yacht/13603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Octopus35.0m (114'10&quot;)Cantiere delle Marche (CdM)2026">Octopus</a> boasts main deck aft fitted with a swimming pool, ample seating and generous storage, while a spacious swim platform grants direct access to the water. Aft, a tender garage with a port-side opening hatch adds to her explorer credentials, allowing for the convenient launch and retrieval of tenders and water toys.Stepping Inside, interiors by <a data-gid="gid://syiq/Company/4478" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cassetta Yacht Designers (Company)">Giorgio M. Cassetta</a> was conceived as an homage to the spirit of voyaging, combining organic forms, colourful accents and exotic materials to create a warm, contemporary living, intended for long-range exploration.<img src="https://photo-assets.superyachttimes.com/photo/400512/image/large-9c3aa3d145a55486dca65b537f14bb28.jpg" data-gid="gid://syiq/Photo/400512">At an interior volume of 299 GT, <a data-gid="gid://syiq/Yacht/13603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Octopus35.0m (114'10&quot;)Cantiere delle Marche (CdM)2026">Octopus</a> accommodates up to 10 guests across five suites, including an owner's suite on the main deck forward. Dedicated quarters sleep up to seven crew members, including her captain.&nbsp;In terms of performance, she is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, delivering a cruising speed of nine knots and a top speed of 13.5 knots.

35m CdM Deep Blue 115 explorer yacht Octopus delivered

Cantiere delle Marche (CdM) has delivered the 35-metre Deep Blue 115 explorer yacht Octopus to her owners following her launch earlier this year.


The long saga of the <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> insolvency has finally come to a close, as Lars Windhorst, founder and owner of the Tennor Group, which owns both <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> and <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">Flensburger Schiffbau-Gesellschaft (FSG)</a>, took over the shipyard. Henceforth, the companies within the Tennor Group will work under one administration while operating from their own locations.<img src="https://photo-assets.superyachttimes.com/photo/203683/image/large-6d8021c836d0ab4368cc45757972e89f.jpg" data-gid="gid://syiq/Photo/203683">It is the intention of the group to share the skills and knowledge of each division, providing the specialists from <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">FSG</a> with merchant and naval experience access to the specialists in the superyacht division and vice versa. The main areas of collaboration will be in design, purchasing and administration and a total of 645 employees will work together across the locations.<ul><li><a data-gid="gid://syiq/Article/52703" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German shipyard Nobiskrug files for insolvency (2021-04-13 10:15:00 +0200)">German shipyard Nobiskrug files for insolvency</a></li><li><a data-gid="gid://syiq/Article/52818" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug Shipyard looking for investors (2021-04-30 10:45:00 +0200)">Nobiskrug Shipyard looking for investors</a></li><li><a data-gid="gid://syiq/Article/53385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug Shipyard has been saved by Flensburger Schiffbau-Gesellschaft shipyard (2021-07-16 19:15:00 +0200)">Nobiskrug Shipyard has been saved by Flensburger Schiffbau-Gesellschaft shipyard</a></li></ul><img src="https://photo-assets.superyachttimes.com/photo/68731/image/large-0341919e64beb19d4317204745a22906.jpg" data-gid="gid://syiq/Photo/68731">“<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> and its employees ideally complement our strategy in the shipbuilding industry. Our strategic goal is to achieve relevant market shares in both of these significant markets and at the same time develop innovation,” said Lars Windhorst.<img src="https://photo-assets.superyachttimes.com/photo/86793/image/large-a4520d1debc3fdcda0f35d5217a12a59.jpg" data-gid="gid://syiq/Photo/86793">Philipp Maracke, CEO of <a data-gid="gid://syiq/Company/5275" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flensburger Schiffbau-Gesellschaft (Company)">FSG</a> and <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a>, shared Windhorsts enthusiasm for the takeover commenting, “with the takeover of <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> shipyard, we are positioning ourselves broadly for the future. Both shipyards have extensive know-how in the construction of specialised and technically complex vessels, which complement each other perfectly.” <img src="https://photo-assets.superyachttimes.com/photo/203684/image/large-5acd358a5d181e9eee2b9002b9695491.jpg" data-gid="gid://syiq/Photo/203684">The finalisation of the deal is an exciting step for the industry, with many professionals having looked to <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> as one of the top innovators. The Tennor Group have pledged that the two shipyards will continue to stand for innovative, sophisticated and efficient shipbuilding of the future.&nbsp;

Nobiskrug shipyard takeover concluded

The takeover of Nobiskrug shipyard has now been concluded, with the Tennor Group moving in this week.

Lars Windhorst completes Nobiskrug takeover

Germany-based shipyard <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> has announced Robert Fischer von Mollard as the new managing director of FSG-<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> and Michel Bollmann as technical director, while Lars Windhorst will step down from operational management. <img src="https://photo-assets.superyachttimes.com/photo/314294/image/large-73d925bb1029ea9a31daaada06272324.jpg" data-gid="gid://syiq/Photo/314294">Shareholder Lars Windhorst announced the new team for the Flensburg and Rendsburg facilities, stating that the shipyards will utilise start-up capital to ensure the continuity of operations at both sites.Both the appointments are internal, with Robert and Michel bringing a wealth of knowledge and experience to the roles.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/53847" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title='SYT exclusive with Lars Windhorst: Nobiskrug will be "bigger, more sustainable and profitable. We will do it!" (2021-10-11 11:45:00 +0200)'>SYT exclusive with Lars Windhorst: Nobiskrug will be "bigger, more sustainable and profitable. We will do it!"</a><img src="https://photo-assets.superyachttimes.com/photo/208720/image/large-e7e6ae4c19219ed8e1c5ffeb77d63074.png" data-gid="gid://syiq/Photo/208720">According to the online news website NDR, work at both facilities had come to a standstill, due to a lack of monetary funds to maintain machines and provide security services. This change in management will allow for day-to-day operations to now resume.The shipyard also revealed that future yacht orders will require payment in installments, with Lars Windhorst stating that he no longer intends to fully pre-finance the construction of yachts. Instead, clients will need to make financial contributions during the build process."I am delighted that two proven shipbuilding practitioners with many years of experience will be taking over the management of FSG-<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> as a team," commented Lars Windhorst. “Together with great colleagues, we will continue the restructuring process and bring it to a successful conclusion.”

Nobiskrug announces new management team 

Germany-based shipyard Nobiskrug has announced a new management, with the appointment of Robert Fischer von Mollard and Michel Bollmann. 