Auction Advisors has announced the approval of the sale of <a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a>, following its application for Chapter 11 bankruptcy in October 2024.<img src="https://photo-assets.superyachttimes.com/photo/331041/image/large-41069672ff930cbb2ceee0128653db8f.jpg" data-gid="gid://syiq/Photo/331041">The auction of <a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a> was held on 4 December at 11:00, with qualifying bids due two days prior on 2 December. There were a total of 36 potential bidders who registered their interest with Auction Advisors to stay notified about the auction.The auction saw a stalking horse bid from Radcliff Management LLC, with a $2,181,900 competing bid from SMI Properties Group LLC. A stalking horse bid refers to an initial bid made by a buyer, chosen by the seller, to set the minimum price for the asset being sold.The stalking horse bidder is often given certain advantages, like the ability to negotiate favourable terms and is typically protected by incentives such as breakup fees if another buyer wins the auction. This ensures the stalking horse bidder isn't at a disadvantage for taking the initial risk of setting the baseline offer.Radcliff opened the bidding up at $2,231,900, with the bidding increasing in increments of $50,000 to $100,000. Radcliff placed a bid of $3,500,000 and SMI declined the opportunity to bid further, following a short break to discuss it further.Auction Advisors declared the final bid of $3,500,000 from Radcliff to be the winning bid, with a backup bid from SMI of $3,450,000. Both parties were informed of the requirement to finalise new asset purchase agreements at the updated purchase prices. Radcliff was also advised of the need to increase their deposit to 25 percent of the successful bid amount.Read:&nbsp;<a data-gid="gid://syiq/Article/62139" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One°15 Brooklyn Marina up for auction following bankruptcy (2024-12-03 12:30:00 +0100)">One°15 Brooklyn Marina up for auction following bankruptcy</a><img src="https://photo-assets.superyachttimes.com/photo/331042/image/large-36078af544beed36645b734d9c586078.jpg" data-gid="gid://syiq/Photo/331042">The sale was approved on Friday 6 December by the Bankruptcy Court, with Auction Advisors Managing Partner Joshua Olshin commenting: “In many ways <a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a> is a trophy property, but it has had its share of challenges.”“The new owner has conducted a thorough review of the property and, with a revised business model, aims to turn it into a financial success. The auction process really managed to bring out the buyers willing to pay the most for this property and provided a robust bidding environment for the debtors to realise maximum value.”Radcliff Management LLC, founded in 2016 by Eli Goldstein and Evan Morgan, is a long-term investment business that specialises in partnering with owner-operated, often family-owned or generational companies.<a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a> filed for bankruptcy in response to overwhelming debt, as reported by the specialised database ‘Business Bankruptcies’ which uses data from United States Public Access to Court Electronic Records (PACER).Read:&nbsp;<a data-gid="gid://syiq/Article/61622" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE°15 Brooklyn Marina files for Chapter 11 bankruptcy (2024-10-08 10:15:00 +0200)">ONE°15 Brooklyn Marina files for Chapter 11 bankruptcy</a><img src="https://photo-assets.superyachttimes.com/photo/340586/image/large-75746b4e2937fda9e8eb74b02601b09c.jpg" data-gid="gid://syiq/Photo/340586">Located at Pier 5 in Brooklyn Bridge Park, the 7.5-acre marina boasts over 100 slips, offering access to the New York Harbor and the ability to accommodate vessels up 91 metres. The marina includes a well-established sail club and school with over 150 members and is equipped with the newest fleet in NY Harbor.The <a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a> is also home to a bakery, as well as a full-service restaurant and bar, with seating for 130 people indoors and 80 people on the outdoor deck.

One°15 Brooklyn Marina sale approved following Chapter 11 bankruptcy

ONE°15 Brooklyn Marina

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Auction Advisors has announced the sale of One°15 Brooklyn Marina, following its application for Chapter 11 bankruptcy in October 2024.

One°15 Brooklyn Marina sold following Chapter 11 bankruptcy

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

International Marine Management acquires Atlantic Refit Center

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

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

Wave Expandary Limited acquires Camper & Nicholsons

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


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

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

Off the Hook Yachts completes Apex Marine Group acquisition

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

Off The Hook Yachts completes acquisition of Apex Marine Group

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

Rheinmetall submits non-binding bid for German Naval Yards

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

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

MarineMax explores potential sale as Donerail raises its bid

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

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

Swisspath Yachting and TAG Yachting merge

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

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

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

Next Yacht Spain established

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

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

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

CLP2 completes acquisition of CdM as FIL Bros exits

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

CLP2 completes acquisition of Cantiere delle Marche as FIL Bros exits

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

Nick Mulder acquires nautical interiors specialist Neptune

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

Mulder Shipyard owner Nick Mulder acquires nautical interiors specialist Neptune

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

E-Lektra Marine: Groupe Beneteau and Fountaine Pajot Group

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

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

Delivered to her owner in 1981 by Greek builders <a data-gid="gid://syiq/Company/657" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hellenic Shipyards S.A. (Company)">Hellenic Shipyards</a>, the 115.82-metre superyacht <a data-gid="gid://syiq/Yacht/909" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantis II115.82m (379'12&quot;)Hellenic Shipyards S.A.1981">Atlantis II</a> once ranked as one of the largest private yachts in the world. Recently photographed in St Tropez, SuperYacht Times takes a closer look at the history of a superyacht that helped to define an era.<img src="https://photo-assets.superyachttimes.com/photo/395975/image/large-ced1c6411a5fc62d0af61921f91ab1da.jpg" data-gid="gid://syiq/Photo/395975">Commissioned by Greek shipping magnate Stavros Niarchos, <a data-gid="gid://syiq/Yacht/909" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantis II115.82m (379'12&quot;)Hellenic Shipyards S.A.1981">Atlantis II</a> was created to outdo his long-term rival Aristotle Onassis. Known as the “Golden Greeks,” the fierce competition between the two shipping tycoons extended far beyond their business interests and into their private lives.<img src="https://photo-assets.superyachttimes.com/photo/395970/image/large-f030bb62b8a777b39be342110d5d06f2.jpg" data-gid="gid://syiq/Photo/395970">At the time, Onassis owned the 99.13-metre yacht <a data-gid="gid://syiq/Yacht/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christina O99.13m (325'3&quot;)Canadian Vickers1943">Christina O</a>, which had been transformed from a naval frigate in 1954. <a data-gid="gid://syiq/Yacht/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christina O99.13m (325'3&quot;)Canadian Vickers1943">Christina O</a> was one of the most celebrated private yachts in the world at the time, hosting everyone from politicians and royalty, to Hollywood stars.<img src="https://photo-assets.superyachttimes.com/photo/395972/image/large-4ce1903c2b1197811e5df2ba8b7e0a7c.jpg" data-gid="gid://syiq/Photo/395972">Determined to create a yacht that would outshine <a data-gid="gid://syiq/Yacht/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christina O99.13m (325'3&quot;)Canadian Vickers1943">Christina O</a> in both size and grandeur, Niarchos commissioned <a data-gid="gid://syiq/Yacht/909" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantis II115.82m (379'12&quot;)Hellenic Shipyards S.A.1981">Atlantis II</a>. The yacht was built in Skaramangas, Greece and was an identical sistership to Niarchos’ previous 115.76-metre yacht Atlantis (now <a data-gid="gid://syiq/Yacht/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navtilvs115.76m (379'9&quot;)Hellenic Shipyards S.A.1973">Navtilvs</a>), which was launched almost a decade prior in 1973. <img src="https://photo-assets.superyachttimes.com/photo/395966/image/large-666b4e22e4594cd6b16d5da4c16421ce.jpg" data-gid="gid://syiq/Photo/395966">Measuring nearly 116 metres, <a data-gid="gid://syiq/Yacht/909" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantis II115.82m (379'12&quot;)Hellenic Shipyards S.A.1981">Atlantis II</a> surpassed <a data-gid="gid://syiq/Yacht/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christina O99.13m (325'3&quot;)Canadian Vickers1943">Christina O</a> in size, while combining the elegance associated with classic yachting. Designed by <a data-gid="gid://syiq/Company/298" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caesar Pinnau (Company)">Caesar Pinnau</a>, <a data-gid="gid://syiq/Yacht/909" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantis II115.82m (379'12&quot;)Hellenic Shipyards S.A.1981">Atlantis II</a> features a steel hull and aluminium superstructure, with a vast interior volume of 3,243 GT. <img src="https://photo-assets.superyachttimes.com/photo/395969/image/large-e86a6d345d9688e0c7649e40d3fb797e.jpg" data-gid="gid://syiq/Photo/395969">When <a data-gid="gid://syiq/Yacht/909" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantis II115.82m (379'12&quot;)Hellenic Shipyards S.A.1981">Atlantis II</a> entered service in 1981, the superyacht landscape looked very different from today. Yachts exceeding 100 metres were exceptionally rare, with only a handful in existence worldwide.<img src="https://photo-assets.superyachttimes.com/photo/395973/image/large-49b285e7c775919b86b51c839fcd29d7.jpg" data-gid="gid://syiq/Photo/395973">Over the years, <a data-gid="gid://syiq/Yacht/909" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantis II115.82m (379'12&quot;)Hellenic Shipyards S.A.1981">Atlantis II</a> has remained a familiar sight in some of the world's most prestigious cruising destinations. But despite this, her interior has never once been publicly revealed throughout her 45-year lifespan!<img src="https://photo-assets.superyachttimes.com/photo/395974/image/large-52105dad783ff186d21a45871de7a5ea.jpg" data-gid="gid://syiq/Photo/395974">Following the death of Stavros Niarchos in 1996, <a data-gid="gid://syiq/Yacht/909" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantis II115.82m (379'12&quot;)Hellenic Shipyards S.A.1981">Atlantis II</a> has remained in the ownership of the Niarchos family and is still a familiar sight in the Port of Monaco where she spends most of her time.<img src="https://photo-assets.superyachttimes.com/photo/395964/image/large-2f080dadb1d0a52657e56dfd2789f02b.jpg" data-gid="gid://syiq/Photo/395964">Unlike many yachts of her generation, <a data-gid="gid://syiq/Yacht/909" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantis II115.82m (379'12&quot;)Hellenic Shipyards S.A.1981">Atlantis II</a> has never undergone a radical redesign, allowing her to retain the character and styling that made her famous. <a data-gid="gid://syiq/Yacht/909" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantis II115.82m (379'12&quot;)Hellenic Shipyards S.A.1981">Atlantis II</a> can accommodate up to 26 guests and 17 crew and is powered by twin <a data-gid="gid://syiq/Company/2998" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pielstick (Company)">Pielstick</a> engines, which provide her with a top speed of 14 knots and a cruising speed of 12 knots.&nbsp;

Atlantis II: The 116m superyacht built to outdo a rival

Delivered in 1981, the 116m yacht Atlantis II was commissioned by Stavros Niarchos to rival Aristotle Onassis’ superyacht Christina O.

Industry veterans Adam Papadakis and Kurt Fraser have announced the launch of <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>, a new superyacht brokerage and advisory house combining traditional yachting expertise with a more connected and intelligence-led approach to navigating the superyacht market.Headquartered in Monaco and serving an international client base, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> offers a full suite of brokerage, charter, yacht management and consultancy services, positioning itself as a long-term partner across every stage of the yachting journey.<img src="https://photo-assets.superyachttimes.com/photo/396755/image/large-03eb586a20f98c7bb1b9bab73768aced.png" data-gid="gid://syiq/Photo/396755">The company is led by Founder and CEO Adam Papadakis, whose career spans more than 25 years at some of the industry's most recognised brokerage houses. Throughout his career, Adam has advised clients on significant yacht transactions, new build projects and refits, building long-standing client relationships and helping drive the commercial success of some of the industry's most respected brands. Widely respected for his discretion, strategic insight and meticulous execution, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> reflects his belief that exceptional client outcomes are achieved through independent advice and deep market understanding.Joining him as Founding Executive and CCO is Kurt Fraser, a strategist, creative leader and international business executive whose career spans more than 25 years across the superyacht, luxury lifestyle, resort development and marina sectors. Throughout his career, Kurt has driven business transformation and contributed to the growth and commercial success of a number of leading yachting brands. He believes <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>'s performance-driven model is uniquely aligned with the expectations of both established yacht clients and a new generation of owners seeking greater transparency, responsiveness and long-term value.While the launch of independent brokerage houses is not uncommon within the superyacht sector, the pairing of Adam and Kurt brings together two distinctly complementary areas of expertise. Combining deep brokerage experience with proven strategic, creative and commercial leadership, the duo have built a business founded on both reputation and capability.Their partnership reflects a broader shift within the industry, where clients increasingly seek the agility, transparency and personalised approach often associated with boutique brokerage houses, without sacrificing the expertise and international reach traditionally offered by larger organisations. In this respect, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> blends established industry knowledge with a more modern, insightful and adaptable approach to yacht brokerage.A strategic advisory approachAccording to the Founding team, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> has been established in response to increasing fragmentation across the yachting experience, with clients often relying on multiple service providers and disconnected sources of information, or larger organisations whose structures can inhibit a truly performance-driven approach.Rather than concentrating solely on transactional brokerage activity, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> will work closely with clients to develop personalised yachting strategies that reflect their lifestyle objectives and long-term aspirations. Whether a client's journey begins with charter, evolves into yacht ownership, or encompasses the management and optimisation of an existing asset, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>’s objective is to ensure that every stage of the experience is aligned with their individual expectations, priorities and goals."The superyacht industry has always been relationship-driven and that will never change," said Adam. "However, clients today require more than access and execution. Better insight and better intelligence leads to better decisions and better experiences. This is the role <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> intends to fill as trusted partners to our clients.”<a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>’s approach combines traditional brokerage expertise with strategic advisory and a deeper understanding of the factors that influence successful outcomes. The Founders believe that clients increasingly benefit from objective guidance, greater market visibility and a more integrated approach to decision-making. By bringing these elements together, the company aims to support clients across the full spectrum of yachting activities, from charter and acquisition through to ownership, management and eventual disposition.

Launch of Matterhorn yacht brokerage

Industry veterans Adam Papadakis and Kurt Fraser have announced the launch of Matterhorn, a new superyacht brokerage and advisory house.

Adam Papadakis and Kurt Fraser launch Matterhorn

The 37.95-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> motor yacht <a data-gid="gid://syiq/Yacht/7991" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kia Ora37.95m (124'6&quot;)Sanlorenzo2020">Kia Ora</a> is currently for sale with Andy McDougall of <a data-gid="gid://syiq/Company/8615" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MXG Yachts (Company)">MXG Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/396593/image/large-d22b2b00ca85295260324f9425435052.jpeg" data-gid="gid://syiq/Photo/396593">Delivered in 2020 as the 20th hull of the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> SD126 series, <a data-gid="gid://syiq/Yacht/7991" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kia Ora37.95m (124'6&quot;)Sanlorenzo2020">Kia Ora</a> presents an opportunity to acquire a yacht that has been used exclusively for private cruising since its delivery. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> has recently completed her five-year Class survey and is offered in turnkey condition.<img src="https://photo-assets.superyachttimes.com/photo/396607/image/large-84166541dc4191e9e8971203d199f73d.jpeg" data-gid="gid://syiq/Photo/396607">The <a data-gid="gid://syiq/Yacht/7991" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kia Ora37.95m (124'6&quot;)Sanlorenzo2020">yacht&nbsp;Kia Ora for sale</a> features exterior design crafted by <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a>, with interiors penned by <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">Citterio-Viel</a>. Her naval architecture was developed in-house by <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>.<img src="https://photo-assets.superyachttimes.com/photo/396642/image/large-4654ca7dfc1edf482436a2efb1d43ffb.jpeg" data-gid="gid://syiq/Photo/396642">Outside, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=sanlorenzo" rel="noopener noreferrer" target="_blank" title="">Sanlorenzo yacht for sale</a> is defined by expansive glazing, a gently raked profile and generous deck spaces. Her exterior profile is a balance of the timeless character of the SD126 series with contemporary touches thanks to her cosmetic revamp, including the repainting of her hull and upper flybridge in a turtle grey finish. <img src="https://photo-assets.superyachttimes.com/photo/396610/image/large-49a72eb00529fb2a1d4b44e5fcc2b412.jpeg" data-gid="gid://syiq/Photo/396610">Outdoor living is a key feature onboard. Her foredeck lounge provides a secluded area with lounge seating and sunpads, well-suited to relaxing. At her flybridge, guests may enjoy a spacious deck for dining and unwinding while soaking in the panoramic ocean views, while her aft decks appear to create a seamless connection to the sea.<img src="https://photo-assets.superyachttimes.com/photo/396612/image/large-33c174ce669296d9d20405d92e5788d2.jpeg" data-gid="gid://syiq/Photo/396612">Inside, <a data-gid="gid://syiq/Yacht/7991" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kia Ora37.95m (124'6&quot;)Sanlorenzo2020">Kia Ora</a> features a bespoke interior designed by <a data-gid="gid://syiq/Company/5082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Antonio Citterio Patricia Viel (Company)">Citterio-Viel</a>. Contemporary in style, her main saloon is a blend of polished finishes with a warm and understated palette, which is further enhanced by the natural light from her large windows. Featuring a dining area that could seat up to 10, a bar, and an arrangement that emphasises comfort, 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> is well-suited for long family trips or entertaining guests.<img src="https://photo-assets.superyachttimes.com/photo/279516/image/large-c01bced60ccabeba3c8e8069e431b6da.jpeg" data-gid="gid://syiq/Photo/279516">With a beam of eight metres and a volume spanning 314 GT, accommodation onboard the <a data-gid="gid://syiq/Yacht/7991" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kia Ora37.95m (124'6&quot;)Sanlorenzo2020">yacht&nbsp;Kia Ora for sale</a> is arranged for up to 10 guests across five well-appointed staterooms. Four quarters accommodate up to seven crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/279529/image/large-e9d779ef2448692d5d5223a70d5ed98f.jpeg" data-gid="gid://syiq/Photo/279529"><img src="https://photo-assets.superyachttimes.com/photo/279524/image/large-05474a40c6450bec8caabc9df107028b.jpeg" data-gid="gid://syiq/Photo/279524">In terms of performance, <a data-gid="gid://syiq/Yacht/7991" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kia Ora37.95m (124'6&quot;)Sanlorenzo2020">Kia Ora</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines delivering a cruising speed of 11 knots and a top speed of 16 knots. Moreover, she offers a range of approximately 3,000 nautical miles at her cruising speed. <img src="https://photo-assets.superyachttimes.com/photo/396641/image/large-5c5004e5b38b798dc29f920c2301814a.jpeg" data-gid="gid://syiq/Photo/396641">All images provided courtesy of <a data-gid="gid://syiq/Company/8615" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MXG Yachts (Company)">MXG Yachts</a>.

38m Sanlorenzo motor yacht Kia Ora for sale

The 37.95-metre Sanlorenzo motor yacht Kia Ora from the Sanlorenzo SD126 series is currently for sale with MXG Yachts.

The <a data-gid="gid://syiq/Yacht/12542" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva Folgore 88/0326.92m (88'4&quot;)Riva S.p.A.2021">third 26.92-metre Riva Folgore 88</a> motor yacht has been sold in an in-house deal with <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a>. Giuseppe Russo introduced the buyer, while Peter Hopwood represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/301077/image/large-10b76486c07392bd2d59fc68a2b8de7a.jpg" data-gid="gid://syiq/Photo/301077">Delivered in 2021, she features interior and exterior design penned by <a data-gid="gid://syiq/Company/366" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Officina Italiana Design (Mauro Micheli) (Company)">Officina Italiana Design</a>. Meanwhile, her builder took charge of her naval architecture. Her interiors are distinguished by dark wood panelling and neutral colors that gives the vessel a balanced aesthetic.In terms of accommodation, she is able to sleep up to eight guests across four ensuite staterooms. Guests can also benefit from plenty of lounging areas on her exterior spaces.The <a data-gid="gid://syiq/Yacht/12542" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva Folgore 88/0326.92m (88'4&quot;)Riva S.p.A.2021">third Riva Folgore 88 yacht</a> is propelled by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a cruising speed of 30 knots and a top speed of 36 knots.At the time of her sale, she had a last known asking price of $5,950,000.Photo courtesy of <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a>.

Third Riva Folgore 88 yacht sold

The third 26.92-metre Riva Folgore 88 motor yacht has been sold in an in-house deal with Allied Marine.


Third 27m Riva Folgore 88 motor yacht sold

The 69.1-metre <a data-gid="gid://syiq/Company/188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Austal (Company)">Austal</a> superyacht <a data-gid="gid://syiq/Yacht/1146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saluzi69.1m (226'8&quot;)Austal2003">Saluzi</a> has been listed for sale, with Carmen Lau of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> and Marco Fodale of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>.<img src="https://photo-assets.superyachttimes.com/photo/396718/image/large-b6144ccd7b2798b8ae9fe82744ebf8e3.jpg" data-gid="gid://syiq/Photo/396718">One of <a data-gid="gid://syiq/Yacht/1146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saluzi69.1m (226'8&quot;)Austal2003">Saluzi's</a> most distinctive features is her eye-catching hull artwork, created by renowned Chinese artist Li Jiwei. The striking mural depicts a Tang Dynasty warhorse, the inspiration behind the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale’s</a> name, and gives her an unmistakable presence on the water. Originally built in Australia in 2003 as a five-deck luxury cruise vessel, <a data-gid="gid://syiq/Yacht/1146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saluzi69.1m (226'8&quot;)Austal2003">Saluzi</a> offers a scale of space and onboard amenities rarely found aboard yachts of comparable length.<img src="https://photo-assets.superyachttimes.com/photo/396722/image/large-49ef5d6814d6369cbe089e46b44148bc.jpg" data-gid="gid://syiq/Photo/396722"><img src="https://photo-assets.superyachttimes.com/photo/396721/image/large-bbd1d714645916fd319b6d87c1a1cb66.jpg" data-gid="gid://syiq/Photo/396721"><a data-gid="gid://syiq/Yacht/1146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saluzi69.1m (226'8&quot;)Austal2003">Saluzi’s</a> naval architecture and exterior design were developed in-house by <a data-gid="gid://syiq/Company/188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Austal (Company)">Austal</a>, while the interiors were designed by <a data-gid="gid://syiq/Company/283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luiz de Basto Designs (Company)">Luiz de Basto Designs</a>. Offering more than 550-square-metres of exterior deck space and over 1,400-square-metres of interior volume, the yacht accommodates up to 36 guests across 16 staterooms.<img src="https://photo-assets.superyachttimes.com/photo/396723/image/large-1049136815963c123dcab40eda6b6489.jpg" data-gid="gid://syiq/Photo/396723"><img src="https://photo-assets.superyachttimes.com/photo/396727/image/large-547091c61784ccdafc8b1eca2dd17672.jpg" data-gid="gid://syiq/Photo/396727">While alongside, she can host as many as 250 guests. This makes 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> particularly well suited to luxury charter operations, private events, corporate entertaining, wellness retreats and expedition-style experiences.<img src="https://photo-assets.superyachttimes.com/photo/396730/image/large-89dcdaa3c720c78b25f4bcce5fc4e8eb.jpg" data-gid="gid://syiq/Photo/396730"><img src="https://photo-assets.superyachttimes.com/photo/396735/image/large-51a3a406486cbfadd219a79845decc94.jpg" data-gid="gid://syiq/Photo/396735"><img src="https://photo-assets.superyachttimes.com/photo/396732/image/large-878d7628f8357f8938a1b39d3dd4663a.jpg" data-gid="gid://syiq/Photo/396732">Amenities onboard the <a href="https://www.superyachttimes.com/yachts/saluzi" target="_blank">yacht Saluzi for sale</a> include spacious saloons on both the main and bridge decks, alongside a comprehensive wellness offering comprising a gym, spa, two hot tubs, massage room, beauty salon and onboard medical facility. Guests also have access to an extensive collection of tenders, Jet Skis and water toys for exploring destinations both on and off the water.<img src="https://photo-assets.superyachttimes.com/photo/396736/image/large-a709aff4b3fe3c44e09357c73a4f381b.jpg" data-gid="gid://syiq/Photo/396736"><img src="https://photo-assets.superyachttimes.com/photo/396719/image/large-e21c48ad262a88f0125727ffb6944292.jpg" data-gid="gid://syiq/Photo/396719">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, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=austal" target="_blank">Austal yacht for sale</a> cruises comfortably at 11 knots and can reach a top speed of 14 knots.Photos provided courtesy of of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>.

Austal yacht Saluzi for sale

The 69.1-metre Austal superyacht Saluzi has been listed for sale.

69m superyacht Saluzi on the market

The 25.05-metre <a data-gid="gid://syiq/Company/8893" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SICCNA (Company)">Siccna</a> motor yacht <a data-gid="gid://syiq/Yacht/17175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalani25.0m (82'0&quot;)SICCNA1972">Kalani</a> has entered the market with Matthew Gusman of <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/396759/image/large-700f1d1d14daf36e6c66dd8b05cef3b7.jpg" data-gid="gid://syiq/Photo/396759">Built in France by <a data-gid="gid://syiq/Company/8893" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SICCNA (Company)">Siccna</a> and delivered in 1972, the <a data-gid="gid://syiq/Yacht/17175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalani25.0m (82'0&quot;)SICCNA1972">yacht Kalani for sale</a> presents an opportunity to acquire a classic motor yacht distinguished by her traditional styling, alongside long-range cruising capabilities. Constructed with a steel hull and superstructure, the yacht has been carefully maintained while retaining much of her original character.<img src="https://photo-assets.superyachttimes.com/photo/396762/image/large-055fe6fce8b23be144d0f2ef7a1b7c64.jpg" data-gid="gid://syiq/Photo/396762">Outside, 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> exudes timeless appeal, defined by a striking turquoise hull, elegant sheerline and traditional raised pilothouse profile. Expansive teak decks create inviting outdoor spaces throughout, from the shaded dining area aft to the wide foredeck and open upper deck.<img src="https://photo-assets.superyachttimes.com/photo/396763/image/large-e41e5b78025d9090cae5425da7ca34a1.jpg" data-gid="gid://syiq/Photo/396763">Inside, the <a data-gid="gid://syiq/Yacht/17175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalani25.0m (82'0&quot;)SICCNA1972">yacht Kalani for sale</a> embraces a warm and intimate ambience, characterised by glossy timber detailing, pastel accents and a wide collection of artwork and books. Her main saloon and wheelhouse evoke the feel of a secluded seaside home, thanks to her snug nautical-themed lounge area. Guest accommodations continue this atmosphere, with cosy, light-filled cabins prioritising comfort and a sense of home at sea.<img src="https://photo-assets.superyachttimes.com/photo/396764/image/large-27416c535ffb1b7dc7a4889fa5cc00b0.jpg" data-gid="gid://syiq/Photo/396764">With a beam of 5.7-metres and an internal volume of 92 GT, accommodation onboard the <a data-gid="gid://syiq/Yacht/17175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalani25.0m (82'0&quot;)SICCNA1972">yacht Kalani for sale</a> is arranged for up to seven guests across three ensuite staterooms. Dedicated quarters are available for up to three crew members.<img src="https://photo-assets.superyachttimes.com/photo/396768/image/large-c65a0c331b962e34c66ed1755c23793b.jpg" data-gid="gid://syiq/Photo/396768">In terms of performance, the <a data-gid="gid://syiq/Yacht/17175" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kalani25.0m (82'0&quot;)SICCNA1972">yacht Kalani for sale</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 top speed of 12 knots and a cruising speed of 10 knots, with a maximum range of 2,500 nautical miles.<img src="https://photo-assets.superyachttimes.com/photo/396756/image/large-073e1e52a2d197fe462ee3fc295c7d92.jpg" data-gid="gid://syiq/Photo/396756">All images provided courtesy of <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW Yachts</a>.

25m Siccna motor yacht Kalani for sale

The 25.05-metre Siccna motor yacht Kalani is currently for sale with TWW Yachts.

<a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> has announced that the 29.26-metre yacht <a data-gid="gid://syiq/Yacht/4911" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Belle de Jour29.26m (95'12&quot;)Flevo Ship Holland2013">Belle de Jour</a> is in the final stages of preparation for the summer season, following an extensive four-month pre-season service programme.<img src="https://photo-assets.superyachttimes.com/photo/396661/image/large-59b36989f4aa73b87960aaeded560f41.jpg" data-gid="gid://syiq/Photo/396661"><a data-gid="gid://syiq/Yacht/4911" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Belle de Jour29.26m (95'12&quot;)Flevo Ship Holland2013">Belle de Jour</a> was built in 2013 by <a data-gid="gid://syiq/Company/2991" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flevo Ship Holland (Company)">Flevo Jachtbouw</a> in Nijkerk, east of Amsterdam, and remains the family-run Dutch shipyard's flagship yacht. The builder's roots can be traced to a region with a rich maritime heritage dating back to the 15th century.<img src="https://photo-assets.superyachttimes.com/photo/396663/image/large-a76a2257572d193c6ee22731af08e161.jpg" data-gid="gid://syiq/Photo/396663">Best known today as a refit and ReCraft specialist, <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> was responsible for the recent works, collaborating closely with <a data-gid="gid://syiq/Company/2991" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flevo Ship Holland (Company)">Flevo Jachtbouw</a> throughout the programme. According to <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard's</a>Evan Kortmann, the yard's focus is on ensuring that ‘vessels are primed for their next chapter’.&nbsp;The refit scope encompassed a range of structural, cosmetic and technical upgrades. This included spot hull repairs, rudder works, full antifouling treatment and a fresh pastel blue finish applied below the waterline. Elsewhere, the mast deck was refinished, while routine inspections and maintenance were carried out across the yacht's technical and electrical systems.<img src="https://photo-assets.superyachttimes.com/photo/396665/image/large-44630482bb229c90ed56421e588a457a.jpg" data-gid="gid://syiq/Photo/396665">Designed inside and out by the late Dutch designer <a data-gid="gid://syiq/Company/45" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pieter Beeldsnijder Design (Company)">Pieter Beeldsnijder</a>, <a data-gid="gid://syiq/Yacht/4911" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Belle de Jour29.26m (95'12&quot;)Flevo Ship Holland2013">Belle de Jour</a> is distinguished by her robust profile, high freeboard and clean, purposeful lines. The yacht offers 140 GT of internal volume, with her layout carefully configured to maximise onboard living space.<img src="https://photo-assets.superyachttimes.com/photo/396664/image/large-347f2ca78604be0589317fe632ee5d78.jpg" data-gid="gid://syiq/Photo/396664">“Every vessel has a story worth preserving,” concluded Evan. "Our primary &nbsp;role as a refit and ReCraft specialist is to ensure vessels are primed for their next chapter, while honouring those that came before. Belle de Jour represents precisely the Dutch &nbsp;excellence we're committed to stewarding."

Belle de Jour yacht Refit Balk Shipyard

Balk Shipyard has announced that the 29.26-metre yacht Belle de Jour is in the final stages of preparation for the summer season.

29m Belle de Jour yacht emerges from Balk Shipyard post-refit

<img src="https://photo-assets.superyachttimes.com/photo/396599/image/large-12f0068c8c0415bd38cda0d7548b0ea0.jpg" data-gid="gid://syiq/Photo/396599">The 68.2-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/6405" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Starlust68.2m (223'9&quot;)Abeking & Rasmussen2020">Starlust</a> was seen anchored off Kos, Greece, on 15 May. According to AIS data, she departed the island on 31 May and is currently en route to Bodrum, Turkey.Previously named Soaring, the vessel was delivered in 2020 and was designed entirely in-house by <a data-gid="gid://syiq/Company/1042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Focus Yacht Design (Company)">Focus Yacht Design</a>. Her exterior is characterised by a sleek profile, featuring a sharp bow, clean lines and a light grey hull contrasted by a white superstructure. Inside, the 1,541 GT yacht accommodates up to 12 guests across six staterooms. The full-beam owner's suite is among the yacht's standout features, benefitting from a forward-facing position and generous proportions, while an adjoining library offers panoramic views through expansive glazing.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/6405" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Starlust68.2m (223'9&quot;)Abeking & Rasmussen2020">Starlust</a> cruises comfortably at 14 knots and can reach a top speed of 16.2 knots.

Abeking & Rasmussen yacht Starlust in Greece

The 68.2-metre Abeking & Rasmussen superyacht Starlust was seen anchored off Kos, Greece, on 15 May.

68m Abeking & Rasmussen superyacht Starlust in Greece

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

China eases cross-border yacht owner travel rules

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

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

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

The landlocked yard building limousine tenders

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

<a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a>, situated in Brooklyn Bridge Park, New York City, is currently up for auction with AuctionAdvisors, following its application for Chapter 11 bankruptcy in October 2024.<img src="https://photo-assets.superyachttimes.com/photo/331041/image/large-41069672ff930cbb2ceee0128653db8f.jpg" data-gid="gid://syiq/Photo/331041"><a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a> filed for bankruptcy in response to overwhelming debt, as reported by the specialised database ‘Business Bankruptcies’ which uses data from United States Public Access to Court Electronic Records (PACER).Read: <a data-gid="gid://syiq/Article/61622" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE°15 Brooklyn Marina files for Chapter 11 bankruptcy (2024-10-08 10:15:00 +0200)">ONE°15 Brooklyn Marina files for Chapter 11 bankruptcy</a><img src="https://photo-assets.superyachttimes.com/photo/331042/image/large-36078af544beed36645b734d9c586078.jpg" data-gid="gid://syiq/Photo/331042">Located at Pier 5 in Brooklyn Bridge Park, the 7.5-acre marina boasts over 100 slips, offering access to the New York Harbor and the ability to accommodate vessels up 91 metres. The marina includes a well-established sail club and school with over 150 members and is equipped with the newest fleet in NY Harbor.The marina is also home to a bakery, as well as a full-service restaurant and bar, with seating for 130 people indoors and 80 people on the outdoor deck.The marina will be auctioned on 4 December, with all qualifying bids received by 2 December. There is a low bidding reserve price set at $2.4 million.

One°15 Brooklyn Marina up for auction

One°15 Brooklyn Marina is currently up for auction with Auction Advisors, following its application for Chapter 11 bankruptcy in October 2024.

One°15 Brooklyn Marina up for auction following bankruptcy

The owners of <a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a>, situated in Brooklyn Bridge Park, New York City, have applied for Chapter 11 bankruptcy protection in response to overwhelming debt. This is reported by the specialised database ‘<a href="https://businessbankruptcies.com/cases/one-edge-marina-finance-company-llc" rel="noopener noreferrer" target="_blank" title="">Business Bankruptcies</a>’ which used data from United-States Public Access to Court Electronic Records (PACER). The application, filed on 26 September 2024, encompasses not only the marina but also its associated Estuary restaurant and sailing club, all under the ownership of the same holding entities."We voluntarily filed for Chapter 11 to preserve and protect the assets of the project, allow the necessary time to maximize our value for the benefit of our creditors and are working with numerous interested parties and welcome other parties who may be interested in the project to work towards a sale that will maximize our return to creditors and put the project into good hands to continue the work we have begun," said a <a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a> spokesperson to <a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times.</a> <img src="https://photo-assets.superyachttimes.com/photo/331041/image/large-41069672ff930cbb2ceee0128653db8f.jpg" data-gid="gid://syiq/Photo/331041">Situated beside Pier 5 in Brooklyn Bridge Park, the marina serves as a vital hub for water access, accommodating a diverse array of vessels from superyachts up to 91-metres in length to historic boats and small sailboats. It also provides a variety of boating programs including a sailing school, children's activities, and kayaking lessons for the community. The marina is managed by the Singapore-based SUTL Group and owned by SUTL Investments Pte, according to <a href="https://businessbankruptcies.com/cases/one-edge-marina-finance-company-llc" rel="noopener noreferrer" target="_blank" title="">Business Bankruptcies</a>.&nbsp;This decision follows a prolonged period of financial difficulties, which originated from extended delays in construction, and ongoing operational challenges at the marina, reports <a href="https://businessbankruptcies.com/cases/one-edge-marina-finance-company-llc" rel="noopener noreferrer" target="_blank" title="">Business Bankruptcies</a>. "The ONE15 operations team came together through the lengthy build process and subsequent challenges due to COVID," also noted the marina spokesperson.Local media have attributed many of the marina’s structural issues to inherent challenges at its location. Situated at the strategic intersection of New York Bay, the East River, and tidal flows from the Hudson River, the site has consistently posed difficulties for marina operations. Even before the development of Brooklyn Bridge Park, this area was historically known as a problematic location, due to complications with pier construction and the need for effective wave abatement.<img src="https://photo-assets.superyachttimes.com/photo/331042/image/large-36078af544beed36645b734d9c586078.jpg" data-gid="gid://syiq/Photo/331042">By filing for Chapter 11, the owners aim to reorganise their debts while maintaining ongoing operations. <a href="https://businessbankruptcies.com/cases/one-edge-marina-finance-company-llc" rel="noopener noreferrer" target="_blank" title="">Business Bankruptcies</a> data shows that the court has sanctioned the joint administration of the bankruptcy cases for the marina, the restaurant, and the sailing club, allowing them to continue operating as separate entities. Led by principal Estelle Lau and represented by the law firm Kirby Aisner &amp; Curley, the ownership group seeks to negotiate with creditors and secure a buyer for the marina and its associated enterprises. The entities involved in these proceedings include <a data-gid="gid://syiq/Company/7878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ONE15 Brooklyn Marina (Company)">One°15 Brooklyn Marina</a>, One°15 Restaurant (also known as Estuary), One°15 Sail Club, and One Edge Marina Finance Company, says <a href="https://businessbankruptcies.com/cases/one-edge-marina-finance-company-llc" rel="noopener noreferrer" target="_blank" title="">Business Bankruptcies</a>."We believe that the marina, sail club and food and beverage programs are an important feature of NYC’s waterfront and the challenges we face demonstrate the need for commitment of the community as a whole. But we remain certain that our vision can be achieved and look forward to the next chapter of the project," affirmed the marina to <a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a>. "We continue to offer an unparalleled boater experience in NY Harbor and to accept transient boats into the marina. We plan to seek Court approval to facilitate a sale process for the business to transition the project into the best hands to guide this newest addition to New York’s waterfront as seamlessly as possible," concluded the spokesperson.This article was first published on 2 October 2024 and updated on 8 October 2024 with comments from the marina.

ONE°15 Brooklyn Marina files for chapter 11 bankruptcy

The owners of One°15 Brooklyn Marina have applied for Chapter 11 bankruptcy protection in response to overwhelming debt.

Mergers & Acquisitions

One°15 Brooklyn Marina sold following Chapter 11 bankruptcy