<a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> has announced that it has now entered the third and final phase of development at its <a data-gid="gid://syiq/Company/1806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vilanova Grand Marina - Barcelona (Company)">Vilanova</a> site in Barcelona. The task now at hand for the shipyard is converting the existing unused buildings into a paint facility, which includes a state-of-the-art spray booth, offices and training spaces.<img src="https://photo-assets.superyachttimes.com/photo/235689/image/large-b2012cb0a68077ea2236572838180d49.jpg" data-gid="gid://syiq/Photo/235689">The UK-based shipbuilder invested in <a data-gid="gid://syiq/Company/1806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vilanova Grand Marina - Barcelona (Company)">Vilanova Grand Marina</a> back in 2018 and has already constructed a Technical Service Centre brimming with amenities. Since this initial investment, the site has grown to 30,000 square-kilometres and boasts a new hardstanding area, a 620-tonne travel hoist, which was transferred from <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>’ Falmouth facility, and a dedicated team of 25 tradespeople.The newly installed 14 by 7 metre spray booth will enhance the site's existing paint capabilities, and be accompanied by a 230 square-metre space dedicated to preparation and painting work. <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> will use the facilities to work on small yacht sections, components and tenders. <img src="https://photo-assets.superyachttimes.com/photo/118580/image/large-31057f76f1445282d76436c0a4cb0e6f.jpg" data-gid="gid://syiq/Photo/118580">Read:&nbsp;<a data-gid="gid://syiq/Article/52929" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Restoring 59m Marala: Everything you need to know about the Pendennis project (2021-05-17 11:30:00 +0200)">Restoring 59m Marala: Everything you need to know about the Pendennis project</a><a data-gid="gid://syiq/Company/1806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vilanova Grand Marina - Barcelona (Company)">Vilanova Grand Marina</a> is located 45 minutes from the centre of Barcelona, and just 30 minutes from the city’s airport. The Marina has 48 berths for superyachts ranging between 25 and 130 metres.Read:&nbsp;<a data-gid="gid://syiq/Article/54060" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard: Reinforcing the legacy of British yacht building (2021-11-17 14:30:00 +0100)">Pendennis Shipyard: Reinforcing the legacy of British yacht building</a><img src="https://photo-assets.superyachttimes.com/photo/118577/image/large-bb8b676241491f1916fba594f08f5728.jpg" data-gid="gid://syiq/Photo/118577">“<a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> <a data-gid="gid://syiq/Company/1806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vilanova Grand Marina - Barcelona (Company)">Vilanova</a> and <a data-gid="gid://syiq/Company/1806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vilanova Grand Marina - Barcelona (Company)">Vilanova Grand Marina</a> work in tandem to provide a complete service for superyachts in the Mediterranean, with yachts benefitting from a secure and protected environment as well as having the option to tap into our multilingual technical support team as and when required,” the shipyard stated.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/54817" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A new era of exploration: At Pendennis with the 35m Project Fox (2022-03-22 16:45:00 +0100)">A new era of exploration: At Pendennis with the 35m Project Fox</a>This final leg of the project is scheduled to be completed by the end of the year.

Pendennis Vilanova enters final phase of development 

Vilanova Grand Marina - Barcelona

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Pendennis Vilanova

Pendennis announced that it has now entered the third and final phase of development at its Vilanova site in Barcelona. 

Pendennis Vilanova enters final phase of development and will be completed this year

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

Dörries Yachts construction facilities at Volkswerft Stralsund

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

Dörries Yachts agrees lease for new shipyard in Germany

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

RMK opens new Miami office

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

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

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

Safe Harbor’s Monaco Marine acquisition

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

Behind the Safe Harbor rebrand of Monaco Marine

<a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> has announced a strategic partnership with <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a>, with the yacht investment and development company joining as a new shareholder. <img src="https://photo-assets.superyachttimes.com/photo/392443/image/large-7b239a9ab0b56b5f06daa74235a5c53a.png" data-gid="gid://syiq/Photo/392443">The agreement sees <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a> officially becoming part of the shareholding structure of <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider Luxembourg S.à r.l.</a> The partnership includes a plan for <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a> to gradually increase its stake, with the full process expected to be completed by the end of 2026. This move aims to provide Wider with new financial support to help carry out its long-term business plans.<a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a> has provided a capital increase into the company, rather than buying shares from existing owners, providing the company with more money to invest in its future plans.&nbsp;According to Wider, this strategic partnership focuses on accelerating international growth, expanding its global sales network and broadening its product portfolio, while retaining its operational base in Italy’s Marche region.“The entry of <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld</a> into <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a>’s capital is a fundamental moment that certifies the value of our vision,” said Marcello Maggi, board member of <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider Luxembourg S.à r.l.</a> “It is not just a financial partnership, but a synergy of intent.” <img src="https://photo-assets.superyachttimes.com/photo/253922/image/large-ba7beb6ee8e753c9d11dd80c094e8252.jpg" data-gid="gid://syiq/Photo/253922" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">The partnership builds on an existing relationship between the two companies, which began in 2025 with the presentation of the Oceans Yachts brand and the Oceans 47 model, developed in collaboration with <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>.Lydia Pascarelli, CEO of <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a>, added: “We are excited to join <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> and contribute to its ongoing growth. We have closely followed the shipyard’s evolution and look forward to supporting the brand’s global development. We believe <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> is well positioned to become a benchmark in luxury yachting.”&nbsp;Furthermore, the agreement is expected to boost <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a>’s position in key international markets by leveraging <a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld</a>’s established Middle Eastern network for yacht sales, distribution, construction, and after-sales services.Founded in 2010, <a data-gid="gid://syiq/Company/2504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wider s.r.l. (Company)">Wider</a> is known as one of the early adopters of serial hybrid propulsion systems. The company currently operates facilities on the Adriatic coast: its Fano headquarters for serial production and its Venice facilities, where full-custom steel and aluminum superyachts such as the <a data-gid="gid://syiq/Article/59498" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 28m WiderCat 92 hybrid-propulsion yacht Acali launched (2024-01-15 14:30:00 +0100)">WiderCat 92</a> are built.<a data-gid="gid://syiq/Company/8088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean World Group (Company)">OceanWorld Group</a>, headquartered in the GCC, operates a broad marine network, spanning maritime services, brokerage, boat construction and management, distribution and technical services, as well as representing several international yacht brands in the region.

Wider announces strategic partnership with OceanWorld Group

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

 OceanWorld Group becomes shareholder in Wider through new investment

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

Clyde & Co Hamburg launches NoordenJones

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

Clyde & Co Hamburg team launches independent law firm NoordenJones

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

Amico & Co launches Amico Marine

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

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

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

Port of Seville new cruise and superyacht terminal

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

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

Teak deck manufacturer and Deutsche Yachten member <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a> has announced the acquisition of all shares in <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a>, a sustainable teak wood alternative manufacturer. The strategic move aims to strengthen its position within the yacht decking and marine flooring sector. <img src="https://photo-assets.superyachttimes.com/photo/297871/image/large-e1379225de3c4bffd33d9d492ec6adcf.jpg" data-gid="gid://syiq/Photo/297871" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">The acquisition is set to integrate <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a>’s expertise into <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a>’s existing operations, with the aim of expanding its product offering and accelerating the development of alternative decking solutions. Both companies will keep working with their current customers, teams and locations, ensuring a smooth transition.<a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a> has built a reputation for its expertise in alternative yacht decking materials. Developed as part of a research project by <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen Shipyard</a> in partnership with the University of Göttingen, <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a> is produced using natural, fast-growing wood sourced from controlled, sustainable forest management.<img src="https://photo-assets.superyachttimes.com/photo/297809/image/large-281846d87118d0c01faf0b125d01ac34.jpg" data-gid="gid://syiq/Photo/297809">Its products have been installed on a number of high-profile projects, including Project Fox, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> and the <a data-gid="gid://syiq/Yacht/6355" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="REV Ocean194.9m (639'5&quot;)Vard Group AS2027">REV Ocean</a>. <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a>’s solutions are designed to replace traditional teak wood, meeting the growing demand for more sustainable materials in the superyacht industry. <img src="https://photo-assets.superyachttimes.com/photo/365568/image/large-ddd95d9367bf908ff3b5c55c8692405f.jpg" data-gid="gid://syiq/Photo/365568">“The acquisition of <a data-gid="gid://syiq/Company/8794" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TESUMO (Company)">TESUMO</a> is an important milestone in our company’s development,” said Michael Wolz. “We look forward to combining the strengths of both companies and jointly setting new trends for our customers and the market.”Founded in 1927, <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a> produces prefabricated and pre-manufactured teak decking solutions. The company offers services encompassing decking, exterior furniture, interiors, bathrooms, manufacturing and after-sales services, supporting a wide range of yacht construction and refit projects.With two production sites in Germany and approximately 110 employees, the company had a reported turnover of €16.4 million in 2025. Moreover, <a data-gid="gid://syiq/Company/2960" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wolz Nautic OHG (Company)">Wolz Nautic</a> is part of the Deutsche Yachten network, which comprises a number of German companies involved in the construction and outfitting of yachts over 30 metres.

Wolz Nautic acquires TESUMO

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

Wolz Nautic acquires alternative teak solutions company TESUMO

Turkish shipyard <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a> has begun construction of a new shipyard solely dedicated to yacht building in Yalova, nearby Istanbul. Spanning 70,000 square-metres, the waterfront development aims to “establish a new benchmark for yacht production in Turkey through its architectural vision, advanced technical infrastructure and sustainability-driven philosophy,” according to <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/385934/image/large-b1c801461a6a91cffb755a266c7b377b.jpeg" data-gid="gid://syiq/Photo/385934">As part of the expansion and their undertaking to be a major player in the superyacht market globally, <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Marine</a> Tuzla facilities will shift their focus exclusively to commercial and military projects, allowing for increased production of both yacht and shipbuilding capacities through their respective specialised facilities.&nbsp;Relocation to the new Yalova shipyard is scheduled to begin in the final quarter of 2026, with full operational capacity targeted for 2027. <img src="https://photo-assets.superyachttimes.com/photo/385935/image/large-7cb883a223cf2c899b3b6b9ef604fc1d.jpeg" data-gid="gid://syiq/Photo/385935" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">The new shipyard has been conceived with a holistic approach to yacht construction, which entails integrating production flow, architectural layout and human-centred design with the yard’s culture. The site will incorporate maritime-inspired offices, production workshops and hangars, alongside social facilities such as gyms, cafes, training and relaxation areas for personnel, and dedicated hospitality spaces for owners and partners. Further supporting the shipyard's “ambition to create one of Turkey’s most advanced yacht production campuses”, the development will feature a yachting museum created in collaboration with Rahmi M. Koç Museum, as well as docking and marina services, developed in partnership with Setur Marina. <img src="https://photo-assets.superyachttimes.com/photo/385938/image/large-cd60ce28a8bbc40994d64952c993a89f.jpeg" data-gid="gid://syiq/Photo/385938" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">In addition to <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a>’ holistic vision, sustainability has also been placed at the core of the development. The facility is designed in line with LEED certification standards, prioritising renewable energy use and low-carbon operations. Energy efficiency, environmentally responsible production methods and a strong commitment to environmental consideration shape the shipyard’s structural foundations and long-term vision. Construction of the new <a data-gid="gid://syiq/Company/14" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RMK Marine (Company)">RMK Yachts</a> shipyard is being undertaken by Ark İnşaat, a Koç Holding company. <img src="https://photo-assets.superyachttimes.com/photo/385937/image/large-be2ded3aae23d8ed704bcff4fb369b47.jpeg" data-gid="gid://syiq/Photo/385937">In terms of infrastructure, the shipyard will feature three 30 by 120-metre new-build hangars, alongside additional refit facilities, including a 40 by 80-metre and a 35 by 55-metre hangar. These will be supported by a 10,000-square-metre open refit area and a total quay length of 700-metres.Launch and haul-out operations will be aided by two travel lifts with capacities of 720-tonnes and 320-tonnes, as well as a floating dock accommodating vessels of up to 150-metres in length.

RMK Yachts begins construction of new dedicated yacht shipyard in Turkey

RMK Yachts has begun construction of a new 70,000-sqm shipyard in Turkey, set to boost superyacht production capacity by 2027.

<a data-gid="gid://syiq/Company/7692" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VMG Refit & Repair (Company)">VMG</a> Astilleros de Sagunto has completed the installation of a new yacht-dedicated shiplift at its facility in Sagunto, Spain. Measuring 102-metres and 22-metres wide, the VMG shiplift is currently the largest in the world for yachts.<img src="https://photo-assets.superyachttimes.com/photo/389970/image/large-2d719d5f0c2f412d1660887701d7cf9f.png" data-gid="gid://syiq/Photo/389970">Supplied by Pearlson Shiplift Corporation (PSC), the new shiplift system is capable of accommodating yachts up to 125 metres and incorporates PSC’s proprietary continuous platform structure, which allows the system to operate as a single lifting unit.“The installation of this shiplift represents a major milestone in the development of VMG’s shipyard infrastructure,” explained Fernando Alcalde, Shipyard Manager at <a data-gid="gid://syiq/Company/7692" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VMG Refit & Repair (Company)">VMG</a> Astilleros de Sagunto. “With this new capability, we are able to accommodate significantly larger yachts while ensuring safe, efficient lifting and optimised working conditions for complex refit and maintenance projects.”Once lifted, vessels will be transferred to land-level repair berths using rubber-tired Self-Propelled Modular Transporters (SPMTs), enabling highly efficient vessel handling and significantly expanding repair flexibility and offering extensive hardstand capacity.With this addition, <a data-gid="gid://syiq/Company/7692" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VMG Refit & Repair (Company)">VMG</a> Astilleros de Sagunto joins a global network of more than 280 shiplift facilities operating in over 70 countries worldwide, each supported by the engineering expertise and long-term service commitment of The Pearlson Group.“We are proud to partner with <a data-gid="gid://syiq/Company/7692" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VMG Refit & Repair (Company)">VMG</a> on this transformative project,” concluded Kelly Pearlson Fraind, CEO of The Pearlson Group. “This installation represents not only a major milestone for <a data-gid="gid://syiq/Company/7692" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VMG Refit & Repair (Company)">VMG</a>, but also a significant advancement for the global yachting industry. Our engineering team designed this system to deliver unmatched precision, safety and long-term reliability.”

VMG installs yacht-dedicated shiplift drydock

VMG Astilleros de Sagunto has completed the installation of a new yacht-dedicated shiplift drydock at its facility in Sagunto, Spain.

VMG installs ‘world’s largest’ yacht-dedicated shiplift in Spain 

<a data-gid="gid://syiq/Company/8076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Port Valencia (Company)">Marina Port Valencia</a> has announced that the inner marina, Marina City, is now complete as part of their phased transformation. <img src="https://photo-assets.superyachttimes.com/photo/397349/image/large-033282147cabe8f5a2ddb1d15d41bc62.png" data-gid="gid://syiq/Photo/397349">Led by the IPM-IMG Group and Ocibar, the project aims to revitalise the three marinas that previously hosted the 2007 America's Cup, while introducing a cutting-edge refit yard, a state-of-the-art dry dock and modern commercial spaces.Read more: <a data-gid="gid://syiq/Article/62614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First renderings of new Marina Port Valencia development unveiled (2025-02-14 12:45:00 +0100)">First renderings of new Marina Port Valencia development unveiled</a><img src="https://photo-assets.superyachttimes.com/photo/397347/image/large-02f98e636005af30408a0493b3b9cb49.png" data-gid="gid://syiq/Photo/397347">The Marina City is now ready to welcome its first customers for the summer season with a full range of premium services. Positioned in the most sheltered area of the port, it has been designed to welcome yachts between 12 and 130 metres and boasts an exclusive central pontoon with berths from 15 metres available for sale or rent for ten, fifteen or twenty years.Construction will soon begin at Marina Norte on a collection of new office buildings designed to attract leading companies and create a hub for networking, innovation and talent. Local residents will also be able to benefit from a restaurant that will open in the former Panorama building.<img src="https://photo-assets.superyachttimes.com/photo/397346/image/large-ad9d771b5b626cd1085ee90660cd52f1.png" data-gid="gid://syiq/Photo/397346">The redevelopment of the marina will be completed in planned phases over the coming years, with local residents able to experience the marina’s new public spaces as each stage is completed.With landscaping designed by GM Paisajistas, in coordination with the architects at ERRE Arquitectura, the plan links Marina Norte, Marina City and Marina Sur through a landscaped ‘green corridor’, creating a continuous route for pedestrians and cyclists lined by Mediterranean vegetation.<img src="https://photo-assets.superyachttimes.com/photo/397348/image/large-4ff447ed4895040fef35c2236798337f.png" data-gid="gid://syiq/Photo/397348">With this project, Marina Port Valencia will reconnect the city with the waterfront,” explained <a data-gid="gid://syiq/Company/8076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Port Valencia (Company)">Marina Port Valencia</a>. "In doing so, it responds to local leisure needs while providing businesses with an unrivalled waterfront environment, establishing Marina Port Valencia as a leading national and international destination built on the principles of sustainability."<img src="https://photo-assets.superyachttimes.com/photo/348287/image/large-0f4e8368c10bd6b34945367d123348e5.jpg" data-gid="gid://syiq/Photo/348287">

Marina Port Valencia completes Marina City development

Marina Port Valencia has announced that the inner marina, Marina City, is now complete as part of their phased transformation.

Marina Port Valencia completes inner marina for yachts up to 130m

The United States District Court for the Southern District of Florida has dismissed the entire complaint brought by Export Yacht Sales (Brill Maritime), which alleged that Boats Group illegally monopolised the US online boat-listing market through YachtWorld, Boat Trader and boats.com.<img src="https://photo-assets.superyachttimes.com/photo/355047/image/large-0bd8f332392990f5a08cac6ea37b81d1.jpg" data-gid="gid://syiq/Photo/355047">The lawsuit was filed on 14 August 2025, with Brill Maritime alleging that Boats Group controlled approximately 75 percent of the market for listing and marketing recreational boats and used subscription agreements that either bar or discourage brokers and dealers from listing vessels on rival platforms.Read more: <a data-gid="gid://syiq/Article/64073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="US boat dealers bring antitrust class action against Boats Group (2025-08-21 13:00:00 +0200)">US boat dealers bring antitrust class action against Boats Group</a><img src="https://photo-assets.superyachttimes.com/photo/355053/image/large-d4b378b0bbe9bf56a1926a2d570b4fd5.jpg" data-gid="gid://syiq/Photo/355053">According to Brill Maritime, competing platforms had been unable to achieve the scale or inventory to grow their services effectively, leaving brokers and dealers with limited options.The court found that Brill Maritime had plausibly alleged that the relevant market could be defined as an online boat listing and marketing service in the United States and that Boat Group may possess monopoly power in that market.&nbsp;Brill Maritime also alleged that Boat’s Group claimed 75 percent of the global share, reasonably supporting an inference that it has a dominant position in the US market. As a result of this, the judge did not dismiss the case because Boats Group lacks market power.However, the judge said that Brill Maritime had failed to show that Boats Group engaged in illegal anticompetitive conduct and under US antitrust law, being a monopoly is not illegal by itself.The court repeatedly emphasised that monopoly power is legal, but using that power through anticompetitive behaviour to exclude rivals is illegal.&nbsp;The judge found that Brill Maritime’s three main allegations were insufficient including that Boats Group became dominant by acquiring competitors such as YachtWorld.com, boats.com and YachtCloser.com.The judge said that acquiring competitors is not necessarily illegal and that Brill Maritime had not explained how these acquisitions had harmed competition. The complaint had described the acquisitions as “strategic” suggesting it was more of a successful business move than illegal conduct. The judge explained that Brill Maritime had shown that Boats Group bought competitors, but not that these acquisitions were unlawful. <img src="https://photo-assets.superyachttimes.com/photo/355039/image/large-513a0ee840e10e5371f647093bba58d9.jpg" data-gid="gid://syiq/Photo/355039">Brill Maritime also claimed that Boats Group's subscription agreements stoped brokers from listing boats elsewhere. The judge examined the contract language and concluded that the provision merely prevented brokers from implying that a YachtWorld or Boats Group listing originated somewhere else. He therefore concluded that you can advertise on YachtWorld and on other sites and the contract simply prevented you from pretending a Boats Group listing came from another platform, meaning the clause is not an exclusive dealing arrangement.Finally, Brill Maritime argued that Boats Group had dramatically increased its prices. The judge responded that high prices alone are not an antitrust violation. The court cited multiple precedents saying a legal monopolist is generally allowed to charge whatever prices it wants. To prove monopolisation, Brill Maritime needed to show that the higher prices resulted from illegal exclusionary conduct.In conclusion, the judge accepted that Boats Group may hold monopoly power in the US online boat-listing market, but ruled that the plaintiffs failed to show that Boats Group acquired or maintained that position through illegal anticompetitive conduct.United States District Judge, Roy K. Altman dismissed the complaint without prejudice, meaning the plaintiff is able to resubmit an amended complaint, with a deadline of 30 June 2026.&nbsp;The lawsuit also contained claims under Florida law, with the federal court declining to hear the state claims as the federal antitrust claims were dismissed. These were also dismissed without prejudice, allowing for them to also be refiled.&nbsp;SuperYacht Times will continue to follow this story and will provide updates where necessary.

US court dismisses antitrust lawsuit against Boats Group

The US District Court for the Southern District of Florida has dismissed the antitrust lawsuit brought by Export Yacht Sales against Boats Group.

The 24.6-metre <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> motor yacht <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> has been sold, with Joe Hill of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/377303/image/large-e9f5ee62744476943f9773dd48e429fb.jpg" data-gid="gid://syiq/Photo/377303">Delivered in 2022, the yacht features interiors penned in-house by her British builder. Meanwhile, <a data-gid="gid://syiq/Company/2740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Olesinski Ltd. (Company)">Olesinski</a> took charge of her naval architecture and exterior design.At a volume of 78 GT, she can sleep up to eight guests across four well-appointed staterooms. Guests can enjoy communal areas such as the foredeck and aft deck fitted with sunpads and the flybridge with shade.Propulsion-wise, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, giving her top speed of 39 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> had a last known asking price of £3,175,000.00.Courtesy of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a>.

Princess yacht N2H2 sold

Princess yacht, N2H2 sold, Princess yacht N2H2, Princess yacht sold, N2H2 sold.

25m Princess motor yacht N2H2 sold

The 35.4-metre <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a> sailing yacht <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has been sold with Yannis Stratis of <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a>. The sale was concluded directly with a private buyer, with <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a> acting as both owner and central agent in the transaction.<img src="https://photo-assets.superyachttimes.com/photo/98550/image/large-7470442e827fa639586e6fb0099778c8.jpg" data-gid="gid://syiq/Photo/98550">The sale was completed in spring 2026 at Yacht Broker House's home base in Corfu, Greece. Since changing hands, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has departed Greece and is now cruising European waters under her new ownership.&nbsp;Delivered in 1992 by Italian shipyard <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a>, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> most recently underwent a refit in France in 2024. She features exterior design and naval architecture by <a data-gid="gid://syiq/Company/357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laurent Giles Superyacht Architects (Company)">Laurent Giles Superyacht Architects</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/618" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Garroni (Company)">Studio Garroni</a>.Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has a beam of 7.95-metres and an interior volume of 171 GT. Accommodation onboard is arranged for up to 10 guests across a five stateroom configuration, while dedicated quarters house up to a crew of six, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> is powered by a single <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engine that delivers a cruising speed of 9.7 knots and a top speed of 12 knots.&nbsp;At the time of her sale, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> had a last known asking price of €900,000.

35m Cantiere Valdettaro sailing yacht Unplugged sold

  The 35.4-metre Cantiere Valdettaro sailing yacht Unplugged has been sold with Yacht Broker House

<img src="https://photo-assets.superyachttimes.com/photo/392305/image/large-86c88e62c5d466ff1f840f9818dce38b.jpg" data-gid="gid://syiq/Photo/392305">The 29.7-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> has been sold. Ferhat Kanbur of <a data-gid="gid://syiq/Company/7089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Data Marin (Company)">Data Marin</a> introduced the buyer, while Ilker Bicaco of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a> represented the seller.Delivered in 2010, the yacht features naval architecture penned in-house by her builder. Meanwhile, her interior and exterior designs were crafted by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Design</a>.Inside, her design is distinguished by light coloured woods that give the yacht a contemporary feel. <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> can accommodate up to ten guests across four well-appointed staterooms at a volume of 177 GT. Moreover, a highlight of the yacht is a relaxation area on her flybridge, where guests can enjoy panoramic views.&nbsp;In terms of propulsion system, <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</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, giving her a cruising speed of 24 knots and a top speed of 27 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> had a last known asking price of €2,990,000.Photo courtesy of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a>.

Custom Line yacht Lady Yaz sold

The 29.7-metre Custom Line motor yacht Lady Yaz has been sold.

30m Custom Line motor yacht Lady Yaz sold

The 57-metre <a data-gid="gid://syiq/Company/106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trinity Yachts (Company)">Trinity</a> motor yacht <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> is on the market, with Rob Newton of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> benefitted from a 2025 refit that refreshed her interiors and modernised her systems.<img src="https://photo-assets.superyachttimes.com/photo/397161/image/large-157dd31b806639942ec6e7d2aeb4801c.jpg" data-gid="gid://syiq/Photo/397161">With a deck design built around guest flow, <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> features naval architecture and exterior design penned in-house by her American builder. Meanwhile, <a data-gid="gid://syiq/Company/111" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Evan K Marshall (Company)">Evan K Marshall</a> took charge of her interior design which is distinguished by Italian marbles, Lalique glass, silk carpets and rich wood in birch, vavona, and bur.<img src="https://photo-assets.superyachttimes.com/photo/397220/image/large-a05b27ee4abd4103f48fae88e6afdaf3.jpg" data-gid="gid://syiq/Photo/397220"><img src="https://photo-assets.superyachttimes.com/photo/397195/image/large-5eb0377176736d577315088431b690c5.jpg" data-gid="gid://syiq/Photo/397195">At a volume of 782 GT, the <a href="https://www.superyachttimes.com/yachts/elis-et-mar" target="_blank">yacht Elis Et Mar for sale</a> can accommodate up to 12 guests across six well-appointed staterooms. Her full-beam master suite is found on the main deck. This area can be accessed via a private office and is fitted with a king-size bed, walk-in wardrobe, and his-and-hers bathrooms with a soaking tub, separate rain shower, and mirror TVs. <img src="https://photo-assets.superyachttimes.com/photo/397199/image/large-86d7a9b383706d0176d50ebc3a5183fe.jpg" data-gid="gid://syiq/Photo/397199"><img src="https://photo-assets.superyachttimes.com/photo/397208/image/large-d05e1e5f38e5dc5c8b79aa56962db52a.jpg" data-gid="gid://syiq/Photo/397208">The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale’s</a> VIP suite located on the bridge deck also showcases a king-size bed, elevated views, and a spacious ensuite. Four guest suites on the lower deck, all with fixed king beds and ensuite bathrooms, complete the accommodation.<img src="https://photo-assets.superyachttimes.com/photo/397214/image/large-27ec017e7e73699f2a44df284651fc7c.jpg" data-gid="gid://syiq/Photo/397214">Moving outside, guests aboard <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> are spoilt for choice between adventure and relaxation. Her sundeck plays host to a large Jacuzzi, generous sunpads, a full bar, and an outdoor entertainment system. For those looking to keep active, a fully enclosed, air-conditioned gym is also on offer, equipped with a Pilates Reformer, treadmill, free weights, and audio-visual facilities. A portable ice bath is also available upon request.<img src="https://photo-assets.superyachttimes.com/photo/397235/image/large-cd87a31b555950b9bd569392e9918873.jpg" data-gid="gid://syiq/Photo/397235"><a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar’s</a> bridge deck sky lounge provides a relaxed indoor retreat, complete with plush seating, a full-service bar, and alfresco dining for up to 12 guests aft. Guests may choose between a formal indoor dining space or an aft dining area with optional climate control, offering flexibility to suit any occasion, on the main deck aft.<img src="https://photo-assets.superyachttimes.com/photo/397231/image/large-98b1ee45ae88293202adcd95833904d2.jpg" data-gid="gid://syiq/Photo/397231">Moreover, an impressive array of water toys ensures no shortage of thrills for the more adventurous. On the water, guests can make use of four <a data-gid="gid://syiq/Company/3030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cayago AG / Seabob (Company)">Seabobs</a>, two Lift E-Foils, an Awake Ravic electric surfboard, three Jet Skis, a <a data-gid="gid://syiq/Company/5777" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yamaha (Company)">Yamaha</a> Superjet, inflatable towables, and full snorkelling and fishing gear, alongside two foldable e-bikes for exploration ashore. The entire guest experience is overseen by a professional crew of 13.<img src="https://photo-assets.superyachttimes.com/photo/397191/image/large-7c46a1b67dc6f3193229d237bca28a4f.jpg" data-gid="gid://syiq/Photo/397191">In terms of propulsion system, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=trinity-yachts" target="_blank">Trinity yacht 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, giving her a cruising speed of 14 knots and a top speed of 20 knots.<img src="https://photo-assets.superyachttimes.com/photo/397192/image/large-e9dc6c5d43d791366dd8c886a1767f06.jpg" data-gid="gid://syiq/Photo/397192">

Trinity yacht Elis Et Mar for sale

The 57-metre Trinity motor yacht Elis Et Mar is on the market, with Rob Newton of IYC.

57m Trinity superyacht Elis Et Mar for sale

The 23.27-metre <a data-gid="gid://syiq/Company/6072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lagoon Yachts (Company)">Lagoon</a> sailing yacht <a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is on the market, listed with Pierre Vezilier of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/397239/image/large-f1bb937cf0476fd3bcdc5812056e6442.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20260617%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260617T063333Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=262c295532260cfc74c32458fc7618902efd698bf345fdbf0eacd0c8ba9d3ec2" data-gid="gid://syiq/Photo/397239">Delivered in 2024, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> features exterior design by <a data-gid="gid://syiq/Company/6073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Patrick Le Quément (Company)">Patrick Le Quément</a>, interior styling 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>, and naval architecture by <a data-gid="gid://syiq/Company/39" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VPLP Design (Company)">VPLP Design</a>. She was conceived with a large sail plan and an optimised hull, delivering efficient open-water performance and stability at sea.<img src="https://photo-assets.superyachttimes.com/photo/397254/image/large-5dd6261e35858f970d81b928ddaa7e07.jpg" data-gid="gid://syiq/Photo/397254"><img src="https://photo-assets.superyachttimes.com/photo/397252/image/large-c8d1bd1bbc866600bfd48dd91c2cdf50.jpg" data-gid="gid://syiq/Photo/397252">The interiors onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale</a> are laid out with a strong emphasis on privacy and generous communal areas. Warm shades of brown, blue and neutral tones run throughout both the private and shared spaces, creating a cohesive atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/397249/image/large-dba320035103ae5c7f72055143b1b08b.jpg" data-gid="gid://syiq/Photo/397249"><img src="https://photo-assets.superyachttimes.com/photo/397242/image/large-6501bd710eba06086f0cd2e755663aab.jpg" data-gid="gid://syiq/Photo/397242">The <a href="https://www.superyachttimes.com/yachts/spirit-of-ponant" target="_blank">yacht Spirit of Ponant for sale</a> can accommodate up to 12 guests across six well-appointed staterooms, with a gross tonnage of 135 GT. On deck, guests may dine alfresco in the aft area, while a hydraulic swim platform provides easy access to the sea.<img src="https://photo-assets.superyachttimes.com/photo/397255/image/large-1b4072cb4b8f209c2ca62d359f3ddbeb.jpg" data-gid="gid://syiq/Photo/397255"><a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is powered by twin <a data-gid="gid://syiq/Company/6795" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nanni industries (Company)">Nanni Industries</a> engines, giving the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=lagoon-yachts" target="_blank">Lagoon yacht for sale</a> a cruising speed of 10 knots and a top speed of 18 knots.Photo courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

catamaran yacht Spirit of Ponant for sale

The 23.27-metre Lagoon sailing yacht Spirit of Ponant is on the market.

23m catamaran Spirit of Ponant for sale

<img src="https://photo-assets.superyachttimes.com/photo/397150/image/large-843519c5d1eee2588222c47260858dee.jpg" data-gid="gid://syiq/Photo/397150">The 73.3-metre <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> superyacht <a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</a> has been spotted making her second visit to Guernsey, having first called at the island on 2 May 2016. She was seen in St Peter Port yesterday and is now en route to Gibraltar, according to AIS data.Previously known as Grace E, she was delivered in 2014 by <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> under its Picchiotti brand in Viareggio, as the largest motor yacht ever built by the shipyard. The 1,876 GT vessel features exterior design by <a data-gid="gid://syiq/Company/53" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Briand Yacht Design (Company)">Briand Yacht Design</a>, with interiors originally conceived by French designer <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Rémi Tessier</a>. She underwent a refit in 2023 with <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> at <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor (Company)">Safe Harbour</a> La Ciotat.<a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</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> diesel-electric engines, affording her a cruising speed of 12 knots, a top speed of 16.5 knots, and a range of 7,500 nautical miles.

73m Perini Navi superyacht Nautilus in Guernsey

The 73.3-metre Perini Navi superyacht Nautilus has been spotted making her second visit to Guernsey.

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> and <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a> have announced the delivery of the 23.96-metre <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Gentleman 24M yacht. The yacht was officially christened <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> at the shipyard in La Spezia and delivered to <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a> Chairman Tommaso Chiabra as she joins their charter fleet. <img src="https://photo-assets.superyachttimes.com/photo/397262/image/large-69463179651c336f45f621e2a3eab461.jpg" data-gid="gid://syiq/Photo/397262">Designed by <a data-gid="gid://syiq/Company/58" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luca Dini Design & Architecture (Company)">Luca Dini Design &amp; Architecture</a> in collaboration with <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Centro Stile, the <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brand was relaunched in 2022, just six months after the acquisition of the company by <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a>.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/55685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group relaunches Picchiotti brand with a new Gentleman yacht line (2022-08-03 12:00:00 +0200)">The Italian Sea Group relaunches Picchiotti brand with a new Gentleman yacht line</a><img src="https://photo-assets.superyachttimes.com/photo/397263/image/large-9d2b1e1afb8a57386a11c5c8c4b07162.jpg" data-gid="gid://syiq/Photo/397263">“We are proud to acquire this exceptional asset and to contribute to the revival of one of the most historic names in Italian shipbuilding,” commented Tommaso Chiabra, Chairman of <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a>.Inspired by the silhouette of the American yachts of the sixties, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> boasts timeless classic lines and is produced entirely in aluminium. She showcases glossy mahogany details and polished plating on her bow and the sides of her stern.<img src="https://photo-assets.superyachttimes.com/photo/397261/image/large-601aad94946cbee604189de94508e6a8.jpeg" data-gid="gid://syiq/Photo/397261">Spanning 149 GT, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> can comfortably accommodate up to six guests across a three stateroom configuration on the lower deck, with her full-beam owner’s suite situated amidships.&nbsp;“The <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Gentleman 24M has a rare quality: she feels immediately familiar, elegant and beautifully Mediterranean,” added Chiabra. “She has substance, warmth and personality; she belongs to a lineage of yachts conceived for private life at sea, while speaking naturally to the expectations of contemporary charter clients.”Conceived for Mediterranean cruising, she features plenty of open-air spaces, with a large beach club for charter living. Perfect for clients seeking privacy and charm, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> gives the feeling of a private residence on the water. <img src="https://photo-assets.superyachttimes.com/photo/397264/image/large-c0669bf9240500ea4ff1be1400818b85.jpg" data-gid="gid://syiq/Photo/397264">“<a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> carries the spirit of Janus: one gaze turned towards centuries of seafaring knowledge, the other towards those who will define the next codes of yachting,” added Gianmaria Costantino, Chief Commercial Officer of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a>.“She offers a measured threshold into the <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> world: time onboard becomes a first form of belonging, and that first encounter may quietly mature into something deeper and more personal.”<img src="https://photo-assets.superyachttimes.com/photo/397265/image/large-817d20ffb7d4c6c57e79117b435352b2.png" data-gid="gid://syiq/Photo/397265">(Images courtesy of The Italian Sea Group and Royal Yacht International.)

Gentleman: Picchiotti Gentleman 24M yacht delivered

TISG and RYI have announced the delivery of the first Picchiotti Gentleman 24M yacht, which has been christened Gentleman. 

First Picchiotti Gentleman 24M yacht delivered and christened Gentleman

The 25.13-metre <a data-gid="gid://syiq/Company/745" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JFA Yachts (Company)">JFA</a> sailing yacht <a data-gid="gid://syiq/Yacht/4057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikigai25.13m (82'5&quot;)JFA Yachts2001">Ikigai</a> is listed for auction in partnership with YachtBid and <a data-gid="gid://syiq/Company/8166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bright Auctions (Company)">Bright Auctions</a>, with bidding scheduled to take place from 24 August to 31 August 2026. The auction will commence 17:00 CEST on 24 August and conclude at 19:00 CEST on 31 August, with a starting bid of €250,000.<img src="https://photo-assets.superyachttimes.com/photo/397102/image/large-24821bba9e1a05c9dc0c4a4bf8b68c0a.jpg" data-gid="gid://syiq/Photo/397102">Delivered in 2001 by the French shipyard <a data-gid="gid://syiq/Company/745" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JFA Yachts (Company)">JFA Yachts</a>, <a data-gid="gid://syiq/Yacht/4057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikigai25.13m (82'5&quot;)JFA Yachts2001">Ikigai</a> features exterior design and naval architecture by <a data-gid="gid://syiq/Company/328" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Judel / Vrolijk & co (Company)">Judel / Vrolijk &amp; Co</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="GCA Arquitectes Associats (Company)">GCA Arquitectes Associats</a>.<img src="https://photo-assets.superyachttimes.com/photo/397099/image/large-d3134277ff497a941f78eeef0793127b.jpg" data-gid="gid://syiq/Photo/397099">Built with an aluminium hull and superstructure, the sloop-rigged yacht up for auction has a beam of 6.1-metres and a draft of 3.5-metres.The sailing yacht has benefitted from an extensive refit programme, with a €5 million rebuild completed by <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters Shipyard</a> in The Netherlands in 2018 under the project name "Take Fife,” due to the extent of the project. Further upgrades have since included re-headed rod rigging in 2022 and the installation of an identical main engine and generator in 2024.<img src="https://photo-assets.superyachttimes.com/photo/397101/image/large-ebcc23d62219cd7ce60d0a462ebb1932.jpg" data-gid="gid://syiq/Photo/397101">Designed as a performance cruiser, <a data-gid="gid://syiq/Yacht/4057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikigai25.13m (82'5&quot;)JFA Yachts2001">Ikigai</a> sports a sleek flush-deck look with wide teak decks and a spacious cockpit that encourages guests to socialise while underway. Her generous sail plan is complemented by a practical deck layout, supporting an exhilarating performance and comfortable short-handed cruising.<img src="https://photo-assets.superyachttimes.com/photo/397100/image/large-8bdc9d3d6e38c085fc40e976a246dea4.jpg" data-gid="gid://syiq/Photo/397100">Inside, <a data-gid="gid://syiq/Yacht/4057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikigai25.13m (82'5&quot;)JFA Yachts2001">Ikigai</a> blends modern comfort with classic sailing yacht elegance. Her open-plan saloon is bright and welcoming, thanks to skylights, warm wood panelling, neutral furnishings. The open-plan living area features plenty of seating and a stylish space for dining, all enhanced by the sophisticated touch of carefully curated artwork.<img src="https://photo-assets.superyachttimes.com/photo/397107/image/large-2c0b8ccd3c43cb086f91959851441863.jpg" data-gid="gid://syiq/Photo/397107">Spanning 61 GT, accommodation onboard is arranged for up to eight guests, including a spacious owner's stateroom and comfortable guest quarters. Separate accommodation is also provided for a crew of three, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/4057" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ikigai25.13m (82'5&quot;)JFA Yachts2001">Ikigai</a> is powered by a single <a data-gid="gid://syiq/Company/1741" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yanmar Co., Ltd. (Company)">Yanmar</a> engine that delivers a cruising speed of 12 knots.<img src="https://photo-assets.superyachttimes.com/photo/397103/image/large-3f6afa8a9eaa8750001ff18bd06b11cd.jpg" data-gid="gid://syiq/Photo/397103">Prospective buyers will have the opportunity to inspect the yacht during scheduled viewing days in Palma de Mallorca, Spain, taking place on 8 August and 29 August 2026 between 11:00 and 14:00 local time.

25m JFA sailing yacht Ikigai up for auction

 The 25m JFA sailing yacht Ikigai is up for auction with YachtBid and Bright Auctions, with bidding set to take place from 24 to 31 August 2026.

 25m JFA sailing yacht Ikigai up for auction

Hosting guests on board such as Salvador Dali and Amelia Earheart, the 58.83-metre classic superyacht <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a> has seen it all. With just five owners in her 90 years, the romantic tales played out on the boards of the motor yacht lend <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a> an air of intrigue, which is only heightened by her elegant interwar classical styling. Now, the golden-age yacht is undergoing an extensive 18-month restoration programme at <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> shipyard in the United Kingdom. <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a>’s captain, Chris Lawrence, says “Her owners love restoring and looking after classic vessels. They expect to bring <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a> back to her original glory and preserve her, giving her another fifty to sixty years of service for the future, as well as personal enjoyment in the present.” <img src="https://photo-assets.superyachttimes.com/photo/94751/image/large-18ecdb3a89c43f9fbe37e881acfe5575.jpg" data-gid="gid://syiq/Photo/94751">Honouring her heritage Originally commissioned by car and aircraft mogul Montague Napier, <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a> was launched in 1931 by <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons&nbsp;</a>and immediately sold due to Napier’s untimely death. Her subsequent owner was Sir Richard Fairey of Fairey Aviation, who christened the yacht Evadne - the name she retained as HMS Evadne during the Second World War. <img src="https://photo-assets.superyachttimes.com/photo/33303/image/large-30427aaa2bc6e75f38075b8d5ad771ac.jpg" data-gid="gid://syiq/Photo/33303">Attained by the British Admiralty in September 1939, Evadne underwent a naval conversion, and was outfitted with anti-aircraft guns mounted on her decks. She served as a military vessel in the Strait of Gibraltar and in the Irish and Atlantic seas, before her decommission in September 1945. <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a> has been well maintained throughout her life, though she has undergone various modifications and enhancements and subsequent owners have given the motor yacht various names, including Zapala and Gaviota IV.<img src="https://photo-assets.superyachttimes.com/photo/195310/image/large-55052dec7dff154e2533551144e70e38.jpg" data-gid="gid://syiq/Photo/195310"><img src="https://photo-assets.superyachttimes.com/photo/195309/image/large-0dd606d5bc68b166b0cb2d00f06319d6.jpg" data-gid="gid://syiq/Photo/195309">Nick Kearton, the project manager orchestrating the yacht’s restoration tells us, “<a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a> is a rare breed and very unique. She comes from an era of British yacht building that produced some of history’s timeless classics. On redelivery to the client, scheduled for later this year, <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a> will sit proudly amongst the restored greats of the time period she hails from.” Her present restoration aims to revitalise her 1930s characteristics by recreating her original exterior lines through various superstructure modifications. <img src="https://photo-assets.superyachttimes.com/photo/195311/image/large-32e719295f30ca3a81af05f3f26c2ac0.jpg" data-gid="gid://syiq/Photo/195311">Overcoming obstacles “We are more than 90% of the way through the structural repairs and exterior restorations, which have seen us return <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a>’s superstructure to the look of her 1930s-self. Installation of her interior has begun, and we are a long way through fitting new systems behind the scenes,” Kearton reveals. Working together with London-based interior design team, <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Muza Lab</a>, and lighting team, Ideaworks, the Covid-19 pandemic has hindered, but far from halted, operations. “We have embraced the communication technologies available to us and ensured progress has continued,” Kearton says. “In some cases this has even improved decision-making.”<img src="https://photo-assets.superyachttimes.com/photo/195313/image/large-5d8a9d92b26f7ee09a0714f0839ba33c.jpg" data-gid="gid://syiq/Photo/195313" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Despite this, the restoration project has not always been smooth sailing. “Space is always a concern,” Captain Chris Lawrence explains. “Having to replace parts of the vessel with more modern units to fit current regulations was probably the hardest part of this process.” Additional obstacles included <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a>’s outdated interior systems, which had not been altered since her last refit in the 1950s. Plus, Kearton tells us “the vessel had also seen various additions and weight gains over the years. We were very aware of the special attention that would be required to restore her stability whilst keeping the displacement as low as possible.”<img src="https://photo-assets.superyachttimes.com/photo/195314/image/large-ddf9bd9b45d18ee6a235d73c004ba08e.jpg" data-gid="gid://syiq/Photo/195314">Standing the test of time While challenging, the project has been a special one. “It was incredible to be one of the first people to see her original lines and shape again after years of being covered up,” Kearton says. “At that point it’s a little like looking into the past. That moment affirmed to me just how special she will be when restored.” Her exterior paint programme is underway, exterior joinery work will begin soon, and the team at <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> is about to begin reinstalling the equipment in <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a>’s engine room, revolving around her original MAN diesel engines. When the restoration is complete, she will spend time cruising with her owner, and her captain says “hopefully she will spend some time chartering in the Mediterranean so others can enjoy her too!”&nbsp;This article was originally published in the&nbsp;<a href="https://www.superyachttimes.com/yacht-news/brexit-latest-in-superyacht-times-newspaper" target="_blank">Spring 2021 issue of The SuperYacht Times newspaper</a>. To receive all future issues straight to your door, <a href="https://shop.superyachttimes.com/" target="_blank">subscribe to the newspaper here</a>.

59m yacht Marala progress on construction 

SYT tracks the 59m yacht Marala progress, the 1931 vessel currently undergoing restoration at Pendennis.

Restoring 59m Marala: Everything you need to know about the Pendennis project

It would be fair to say that I was excited for my visit to <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Shipyard</a>, the first since 2017, in no small part due to the presence of the 58.83-metre <a data-gid="gid://syiq/Company/192" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons Shipyard (Company)">Camper and Nicholsons</a> 1931 motor yacht <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a>, now in an advanced state of spectacular restoration. <img src="https://photo-assets.superyachttimes.com/photo/211141/image/large-a0c54f0d2e9950bbb46c75ac9f5b3d0f.jpg" data-gid="gid://syiq/Photo/211141"><a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Shipyard</a> is nestled between cliffs, the sea and a major commercial shipyard, looking out into Falmouth Harbour in south-west Cornwall. Though in an unassuming location, the yard has evolved over the decades to establish an international reputation, particularly famed for the refit and restoration of some of the world’s best known sailing and motor yachts. Among those yachts stamped with the <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> seal are the 65-metre schooner <a data-gid="gid://syiq/Yacht/1613" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adix64.85m (212'9&quot;)Astilleros de Mallorca S.A.1984">Adix</a>, refit in 1991, the 45.6-metre <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> superyacht <a data-gid="gid://syiq/Yacht/671" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moatize45.6m (149'7&quot;)Pendennis Shipyard Ltd1999">Moatize</a>, the famous <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> <a data-gid="gid://syiq/Yacht/548" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A247.0m (154'2&quot;)Feadship1983">A2</a> which underwent an expansive refit in 2012 and the 1933 J-Class sloop <a data-gid="gid://syiq/Yacht/251" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Velsheda39.4m (129'3&quot;)Camper & Nicholsons Shipyard1933">Velsheda</a>. <img src="https://photo-assets.superyachttimes.com/photo/5863/image/large-86aaffeeddc021bbd522974b697943fc.jpg" data-gid="gid://syiq/Photo/5863">In 2004 the yard made a commitment to continuing the growth of their refit sector, which now accounts for around 80 percent of the work conducted, with the construction of The Terry Vernon Refit Complex, a 150-metre split dry dock. In 2014 the yard went through another phase of expansion and in 2019 they acquired a 800 tonne travel lift, further extending their capabilities. Just before the Covid-19 pandemic, <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> also established a new technical service shipyard in Vilanova, just outside of Barcelona, which serves the global fleet in the Mediterranean. The initial works on the yard were completed in Autumn of 2019, resulting in a yard which spans 30,000 square-meters and is equipped with a 200 tonne and 620 travel hoist for performing repair and maintenance works.<img src="https://photo-assets.superyachttimes.com/photo/211135/image/large-fa04e3015de52281630abe0cf94b1f9c.jpg" data-gid="gid://syiq/Photo/211135">Joint Managing Director, Toby Allies commented “For the last 33 years the main focus of the management team at <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> has been to consistently deliver world class projects and outstanding customer service to our clients. This has been achieved through a combination of strategies including nurturing and developing the talent within the business, as well as consistent investment into our infrastructure and the expansion of our oversea’s offering through <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> Vilanova.”<img src="https://photo-assets.superyachttimes.com/photo/211134/image/large-8add551b3bbdace2bece9ad4f3beb8f8.jpg" data-gid="gid://syiq/Photo/211134">During my morning at the yard I was fortunate enough to receive an exclusive tour of the current projects, which aside from <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a>’s restoration include the construction of two new motor yachts. These two hulls, which began their life at the now-closed Turkish shipyard <a data-gid="gid://syiq/Company/1756" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tansu Yachts (Company)">Tansu</a>, are exploiting every scratch of the knowledge and expertise here at <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>, with one vessel made of steel, the 35-metre Project Fox and the other made of timber, the 38-metre sistership of <a data-gid="gid://syiq/Company/1756" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tansu Yachts (Company)">Tansu</a>’s <a data-gid="gid://syiq/Yacht/3414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Preference 1936.4m (119'5&quot;)Tansu Yachts2011">Preference 19</a>.<img src="https://photo-assets.superyachttimes.com/photo/211140/image/large-4467e883bf63325d6ff2fca4057fa66c.jpg" data-gid="gid://syiq/Photo/211140">When asked about why the owner chose <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> for the construction of these two unusual explorer yachts, Owners Representative Dave Powys commented, “I have worked with <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> in the past, for me when we knew the yachts had to move there was no other yard in my mind. We came here for the exceptional level of expertise in traditional British yacht construction, the track record and for the people who ensure that what we want is completed to a very high standard.” <img src="https://photo-assets.superyachttimes.com/photo/211139/image/large-7adf86342adb965e1c65c3af5863777e.jpg" data-gid="gid://syiq/Photo/211139">The 35-metre Project Fox may have started life as a <a data-gid="gid://syiq/Company/1756" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tansu Yachts (Company)">Tansu</a>, but the team in Falmouth have worked hard to convert the vessel into a transatlantic explorer with a truly commercial draw. Raising the bulwarks and exploiting her impressive aft deck, the yacht has undergone a form of conversion to bring her up to <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>’ world-class standard. When launched in early 2023 she will sit more than comfortably alongside explorer superyachts of a much greater length.&nbsp;Powys’ impression of <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> is certainly one that is shared by the team on the ground. A major cause of the aforementioned sense of heritage comes from the fact that the 400-strong workforce are all employed by the company, there are few contractors meaning that everyone on site has ties to the work conducted, helping to forge a sense of pride in the business. Another part has been nurtured by the shipyards apprenticeship programme, established in 1998, which pulls young talent from the local community into structured education and employment. Today, 30 percent of the company’s workforce is made up of current or ex-apprentices, a statistic that speaks volumes about the soul of the shipyard. <img src="https://photo-assets.superyachttimes.com/photo/211138/image/large-8cd6fe8b26b37d5516025d1c748ea4da.jpg" data-gid="gid://syiq/Photo/211138">Speaking to Nick Kearton, Project Manager for the restoration of <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a> you really get a sense of how the cogs turn here at the shipyard. Having arrived in Falmouth in early 2019, the vessel is following in the footsteps of other impressive <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> refits, such as that of another golden age beauty, the 1937 <a data-gid="gid://syiq/Yacht/2291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malahne50.29m (164'12&quot;)Camper & Nicholsons Shipyard1937">Malahne</a> in 2017, which is seeing the yacht returned to bristol condition. Over the decades <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a> has been converted, added to and modernised. It has been the task of Kearton and his team to return her to her original form, a celebration of Art Deco design and one of the last surviving vessels of her lineage. <img src="https://photo-assets.superyachttimes.com/photo/41797/image/large-52a78b623d2f675d7c6c07a484361000.jpg" data-gid="gid://syiq/Photo/41797"><img src="https://photo-assets.superyachttimes.com/photo/23816/image/large-58b664fc87bce4a78a115716d6cbb9e0.jpg" data-gid="gid://syiq/Photo/23816">A major element of a project such as this has been the research and rediscovery of her history, with the team unearthing 800 documents pertaining to her original design, archived at the Greenwich Maritime Library. London-based <a data-gid="gid://syiq/Company/6360" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Muza Lab (Company)">Muza Lab</a> design studio have been instrumental in the interior finishing, which as I toured the yacht was beginning to take shape as bathroom tiles were laid under my feet. As their first yacht interior design the team at <a data-gid="gid://syiq/Company/6360" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Muza Lab (Company)">Muza</a> has pulled out all of the stops to adhere to the Deco originality, while employing as many artisans and craftspeople as possible to complement the interior arrangement. One exceptional example comes in the form of straw marquetry panels in the lower deck saloon, which look like finely inlaid strips of heavily varnished wood but are actually carefully selected individual blades of straw, painstakingly arranged into a pattern and sealed with varnish.&nbsp;For Kearton, it is the culture of <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> that has enabled the team to come together to create a restoration on this scale. The work has been challenging at times, not least in the form of Covid-19. When the vessel was stripped down to steel more than 80 tonnes of material had to be removed, far more than anyone had predicted. The resounding success of this work however, Kearton believes, is born from the fact that the yard employs skilled professionals from every department they could need, many of whom have been at the shipyard for decades.In fact, even on <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a>’s refit, there are two sets of father and son/daughter teams as well as individuals who have been at <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> since the yard was founded 33 years ago. Having the work and skills in-house may be one of the reasons that the shipyard has fared the adversity of 2020 and onwards so well.<img src="https://photo-assets.superyachttimes.com/photo/211145/image/large-80c54b17cbfe3f8802ae4ad6bf630594.jpg" data-gid="gid://syiq/Photo/211145"><img src="https://photo-assets.superyachttimes.com/photo/211143/image/large-0f335b4aab1021758838e5b1acca85a1.jpg" data-gid="gid://syiq/Photo/211143">The longevity of the employees at the shipyard is also something you hear time and time again when speaking to people about <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>. For many owners and captains, particularly of older vessels, <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> is the very best place to have a vessel refit because often there are people there who have worked on the vessel before. This fosters a great retention of clients and many come to <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> for the skillsets of particular members of the team. <img src="https://photo-assets.superyachttimes.com/photo/211144/image/large-539856d2572aedb21fb8f71e07d57578.jpg" data-gid="gid://syiq/Photo/211144">As the morning on the site drew to a close, my guide Paul Griffiths showed me the areas that the shipyard will be looking to expand in coming years and even as we stood there vessels were arriving from all over the world to begin refits of various levels. <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> is a hive of activity, apprentices learn how to strip and varnish great spars like those of <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a>, while steel and aluminium experts set to work on the construction of Project Fox's interior arrangement. It is exciting to see the tradition of British yacht construction, which was once such a major player in the world stage, surviving strongly here in Falmouth. I very much look forward to returning to the shipyard in the Spring to see these projects come to their conclusion and I expect to see many more exciting vessels pass through here in years to come.&nbsp;This article was originally published in&nbsp;<a href="https://sya.superyachttimes.com/news/superyacht-times-newspaper-issue-39" target="_blank">Issue 39 of SuperYacht Times newspaper</a>. To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper, <a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

SYT visits Pendennis to find out more about the business

SYT takes a visit to sunny Falmouth to discover some of the exciting projects currently underway and to find out what makes this historic yard tick.


Pendennis Shipyard: Reinforcing the legacy of British yacht building

Strong headway has been made with the construction of the 34.9-metre explorer yacht Project Fox at <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> and she’s on course to meet her delivery date of 2023.<img src="https://photo-assets.superyachttimes.com/photo/220718/image/large-158509db47bdb762e5a7a4bc4aff6355.jpg" data-gid="gid://syiq/Photo/220718"> Project Fox seeks to be a trailblazer in the explorer yacht segment. She offers an interior and exterior design by <a data-gid="gid://syiq/Company/6663" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Q London (Company)">Q London</a> laid onto a hull by <a data-gid="gid://syiq/Company/7" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Diana Yacht Design B.V. (Company)">Diana Yacht Design</a>, a 3,600 nautical mile range, 295 GT of interior volume and accommodation for up to eight guests. James Ratcliffe, Managing Partner of <a data-gid="gid://syiq/Company/6663" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Q London (Company)">Q London</a>, explained that he stuck to a clean, minimalist interior design that’s flexible and easy to customise, to keep her appeal high for a wide range of potential clients. In lieu of traditional teak, <a data-gid="gid://syiq/Company/6663" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Q London (Company)">Q London</a> opted for the more sustainable substitute, designed by Tesumo.<img src="https://photo-assets.superyachttimes.com/photo/220717/image/large-f799c97d07d211a4a2b0ff37a67c1f26.jpg" data-gid="gid://syiq/Photo/220717"><img src="https://photo-assets.superyachttimes.com/photo/220715/image/large-6b30f54aa3d456d4505380ee7e090ed1.jpg" data-gid="gid://syiq/Photo/220715">But what makes Project Fox truly unique is that her design pivots on her 103.5 square-metre main deck aft, which boasts heaps of space for tenders, toys and all the paraphernalia necessary for adventure. When deployed, the spacious main deck is versatile and can cater to an all manner of needs. Even at just 34.9-metres, Project Fox&nbsp;is self-sufficient, meaning an owner won’t need a trailing shadow or support vessel for their excursions. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/220710/image/large-cc89bd7e28b1d194d05fbefa6ae9c00e.jpg" data-gid="gid://syiq/Photo/220710"><img src="https://photo-assets.superyachttimes.com/photo/220713/image/large-54153d4e5d1e3d1d3eb0b81b8abc34ce.jpg" data-gid="gid://syiq/Photo/220713">“Experience is the new currency. So a yacht that can deliver an experience that others can’t is becoming an increasingly relevant topic,” Sherwood added. “Project Fox proves that you don’t have to spend an 80-metre budget to have a yacht that will take you to interesting places anymore.” Even at 34.9-metres then, Project Fox is expected to rival the likes of the 76.9-metre motor yacht <a data-gid="gid://syiq/Yacht/6668" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Datcha76.9m (252'4&quot;)Damen Yachting2020">La Datcha</a> by <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachtin</a>g and <a data-gid="gid://syiq/Company/4539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ulstein Verft AS (Company)">Ulstein Verft AS</a>’ 88.51-metre <a data-gid="gid://syiq/Yacht/6031" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Olivia O88.51m (290'5&quot;)Ulstein Verft AS2020">Olivia O</a>.Read:&nbsp;<a data-gid="gid://syiq/Article/53850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="In-build 35m Pendennis superyacht Project Fox offered for sale (2021-10-07 13:15:00 +0200)">In-build 35m Pendennis superyacht Project Fox offered for sale<img src="https://photo-assets.superyachttimes.com/photo/220696/image/large-ea50e65d80c851c51891d57cd60f2afd.jpg" data-gid="gid://syiq/Photo/220696"></a>For the team at <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> and <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>, the understanding that the ability to go anywhere takes a top priority for owners today. A third of the projects currently underway at <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis&nbsp;</a>fall into the explorer category, and for Project Fox herself, <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> sought to create a trans-Atlantic explorer that can truly exploit any of the world’s oceans with safety and comfort in-mind. <img src="https://photo-assets.superyachttimes.com/photo/220694/image/large-29171d16b4b81dfcfa454c7cc6852dec.jpg" data-gid="gid://syiq/Photo/220694">“<a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> is a great shipyard for Project Fox,” Ian Sherwood, Yacht broker at <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>, said. “Trying to find the synergy between someone who wants to build a boat and the yard that will build them their dream is really important. Lots of yards can build good boats, but to find that chemistry between owner and shipyard is really important.”<img src="https://photo-assets.superyachttimes.com/photo/220668/image/large-b1820e2f761af9badadbf2c1da9a10e3.jpg" data-gid="gid://syiq/Photo/220668"><img src="https://photo-assets.superyachttimes.com/photo/220661/image/large-155d328f678fa62caba3fb5214f96128.jpg" data-gid="gid://syiq/Photo/220661">It’s fair to say that <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> is proper – and I mean proper. Proper quality, proper people and proper Cornish. This tradition, this visceral heritage, permeates its walls (and waters) and is very much present at every turn. The shipyard clung to the southern peninsula of the small rock, commonly known as England, began life in 1989 and has built, repaired, restored and refitted a plethora – quite literally, too – of motor and sailing yachts from bygone years. <img src="https://photo-assets.superyachttimes.com/photo/220673/image/large-c7f8946b9662e58554058caf34439069.jpg" data-gid="gid://syiq/Photo/220673">Read:&nbsp;<a data-gid="gid://syiq/Article/54060" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard: Reinforcing the legacy of British yacht building (2021-11-17 14:30:00 +0100)">Pendennis Shipyard: Reinforcing the legacy of British yacht building</a>As we meandered around the wet basin, Mike Carr, Chairman and Joint Managing Director of <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>, mused whether we actually “own yachts, or if really we are their custodians, passing them on through generations,” as we looked at a century’s worth of yachting history, spanning three vessels: <a data-gid="gid://syiq/Company/192" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons Shipyard (Company)">Camper &amp; Nicholsons</a>’ 58.83-metre war veteran <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.83m (193'0&quot;)Camper & Nicholsons Shipyard1931">Marala</a>, which was launched in 1931; the 58.83-metre expedition yacht <a data-gid="gid://syiq/Yacht/697" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf58.83m (193'0&quot;)J. & K. Smits Scheepswerven N.V.1957">Seawolf</a> built and delivered by <a data-gid="gid://syiq/Company/20" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="J. & K. Smits Scheepswerven N.V. (Company)">J. &amp; K. Smits Scheepswerven N.V.</a> in 1957; and a contemporary yacht built this side of the century.<img src="https://photo-assets.superyachttimes.com/photo/5859/image/large-92d0373c83c4cbf42bf3ad0ec011f2b6.jpg" data-gid="gid://syiq/Photo/5859">Read: <a data-gid="gid://syiq/Article/52929" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Restoring 59m Marala: Everything you need to know about the Pendennis project (2021-05-17 11:30:00 +0200)">Restoring 59m Marala: Everything you need to know about the Pendennis project</a>Project Fox is a true point in case, and upon the backdrop of tradition, heritage and pride at <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>, there is just as rich an offering of modernity and innovation for future-oriented yacht designs.&nbsp;

Pendennis' Project Fox construction update

Strong headway has been made with the construction of the 35m explorer yacht Project Fox at Pendennis.

Investments & Expansions

Pendennis Vilanova enters final phase of development and will be completed this year