According to the online publication Sky News, UK-based yacht builder <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> is set to be acquired by KPS Capital Partners. The US-based investment firm specialises in owning manufacturing businesses, with sources saying a deal could be struck as soon as this week.<img src="https://photo-assets.superyachttimes.com/photo/121697/image/large-eba30d54f4662dd7436a7fae0c715851.jpg" data-gid="gid://syiq/Photo/121697">Rumours circulated online last year that the Plymouth-based builder <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> was for sale, as the firm’s private equity owner L Catterton hired bankers to find a buyer. <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> told local newspaper PlymouthLive that they were looking to start discussions with potential investors, in order to provide financial support in the build of a huge new factory at its Devonport operation.Princess Yachts also stated that as part of Plymouth City Council’s submission to the Government to create a tax-break they had; “developed a proposal to double the capacity of its South Yard facility to increase the product offering and further strengthen its market position.”<img src="https://photo-assets.superyachttimes.com/photo/41309/image/large-90c2b903c073be6d676cf91a33346303.jpg" data-gid="gid://syiq/Photo/41309">The spokesperson said, “This in turn will create additional jobs and secure a bright future for boat building in Devon and the UK. The company and its shareholders are now considering beginning discussions with potential investors to provide financial support for these exciting plans for growth.”SuperYacht Times&nbsp;has reached out for comment from those involved in the deal but are yet to hear back.&nbsp;

Princess Yachts acquisition by KPS Capital Partners

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According to the online publication Sky News, UK-based yacht builder Princess Yachts is set to be acquired by KPS Capital Partners.

Speculations rise over potential Princess Yachts acquisition

<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has acquired 49 percent of the share capital of <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a>, a company focused on plant engineering design, production and installation of electrical and naval electronics, as it “continues to verticalise its strategic suppliers”.&nbsp;The Italian luxury yacht builder acquired its share capital for a value close to €2.7 million, an investment that will bring a wealth of knowledge and skills oriented toward the “development of projects attentive to the sustainability of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>” from the highly specialised company. <img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-7b5718deb5680c4926c86d70113ad2a3.jpg" data-gid="gid://syiq/Photo/261779">Read:&nbsp;<a data-gid="gid://syiq/Article/57162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo announces €1b backlog and intention to acquire Simpson Marine (2023-03-16 10:15:00 +0100)">Sanlorenzo announces €1b backlog and intention to acquire Simpson Marine</a>Massimo Perotti, President and Chief Executive Officer of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, commented “I am happy to announce <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s investment in <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a>, a strategic partner of ours, which allows us to take a further step in strengthening the supply chain. <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a> represents excellence in its field, having built its own success through many technological innovations. In recent years, it has also developed significant experience in the field of propulsion electric and hybrid; this know-how makes this operation fully consistent with our “Road to 2030” vision for the development of innovative and sustainable technologies capable of revolutionising yachting. I am sure that <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a>'s contribution will be invaluable for our journey"

Sanlorenzo acquires share capital of Sea Energy

Sanlorenzo has acquired share capital of Sea Energy, as it “continues to verticalise its strategic suppliers”. 

Sanlorenzo acquires 49% share capital of Sea Energy for €2.7m

US-based marina operator <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> has acquired the superyacht refit, repair and maintenance facility <a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah Yacht Center</a>. The transaction saw securities from <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 parent company, Sun Communities Inc.<img src="https://photo-assets.superyachttimes.com/photo/180468/image/large-af66415fc728bcf583a9e1aeb8e65e2a.jpeg" data-gid="gid://syiq/Photo/180468">The <a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah Yacht Center</a> is located in Georgia, USA and is able to accommodate some of the world’s largest superyachts.. The facility is equipped with a 140-metre graving dock, a 3,240-tonne shiplift, and 366 metres of floating docks that can accommodate as many as eight 80-metre superyachts at any given time.Read:&nbsp;<a data-gid="gid://syiq/Article/50626" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Getting to know Savannah Yacht Center: The first choice for refits on the East Coast, USA (2019-11-08 09:30:00 +0100)">Getting to know Savannah Yacht Center: The first choice for refits on the East Coast, USA<img src="https://photo-assets.superyachttimes.com/photo/180467/image/large-807c6fdcccdd3abc413c33d53cc0fc2e.jpeg" data-gid="gid://syiq/Photo/180467"></a>“This is an outstanding addition to our network,” commented Baxter Underwood, CEO of <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>. “The world’s largest vessels have historically been forced to cross the Atlantic for certain services. This facility allows us to serve them with excellence here in the United States and inside 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> network.” <img src="https://photo-assets.superyachttimes.com/photo/180469/image/large-fd7dd1f8c72c64cba5a50b96862832d0.jpeg" data-gid="gid://syiq/Photo/180469">The facility is expected to remain in operation during the change in ownership with the team of 50 employees becoming members of the <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> team. "We are incredibly proud of the team at <a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah Yacht Center</a> and their many accomplishments," said Christian Demere, President and CEO of Colonial Group, Inc. "While it was a great experience building this business, I did not believe we were best positioned to allow it to reach its full potential. I am confident that it will reach new heights as part of Safe Harbor Marinas."<img src="https://photo-assets.superyachttimes.com/photo/180470/image/large-bd76ea249f7037d2b9f652b77d175b5d.jpeg" data-gid="gid://syiq/Photo/180470">"We're always searching for better ways to serve the superyacht builders, original equipment manufacturers (OEMs), owners, captains and crews," added Tim Sargent, EVP of International Operations at <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>. "<a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah</a> allows us to do exactly that."

Safe Harbor Marinas acquires Savannah Yacht Center

Safe Harbor Marinas has acquired the superyacht refit, repair and maintenance facility Savannah Yacht Center.

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The Rosetti Marino Group, according to rumours collected by Shipping Italy and SUPER YACHT 24, may soon be due to close down its shipbuilding division. The rumours have suggested that the San Vitale shipyard in Ravenna will be acquired by the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, but representatives from the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> have so far denied these rumours. Attempts, however, to reach out to members of <a data-gid="gid://syiq/Company/4643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rosetti Superyachts (Company)">Rosetti Superyachts</a>, the superyacht branch of the Rosetti Marino Group, have shown that email accounts appear to have been closed or frozen.Many in the superyacht industry have been expecting the announcement over coming months, particularly since Alberto Galassi, CEO of the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> hinted at an upcoming expansion in late 2022. The San Vitale facility comprises an area of 70,000 square-metres, approximately 10,000 square-metres of which is covered, 10,000 square-metres for the construction of hulls, a 175-metre long quay, and also a dry dock of 180x27x6 metres.<img src="https://photo-assets.superyachttimes.com/photo/56751/image/large-e1828dd3427e96c8a5c8e3e00e0759bf.jpg" data-gid="gid://syiq/Photo/56751">Once a prolific builder of working vessels such as tugs, AHTs, supply boats and small ferries, in recent years the shipyard has had difficulty attracting new commercial orders. In 2017 Rosetti Marino diversified the business by opening the <a data-gid="gid://syiq/Company/4643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rosetti Superyachts (Company)">Rosetti Superyacht</a> division and launching its first <a data-gid="gid://syiq/Article/55892" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Award-winning 39m Rosetti motor yacht Emocean for sale for the first time (2022-09-09 16:00:00 +0200)">38-metre Explorer named Emocean</a> in 2021, <a data-gid="gid://syiq/Article/54604" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Keel of the second Rosetti 38M Explorer has been laid (2022-02-16 10:45:00 +0100)">to be followed by a second unit, currently in-build and due for launch this year.</a>Read: <a data-gid="gid://syiq/Article/54116" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Onboard Emocean: A designer's tour (2021-11-19 12:15:00 +0100)">Onboard Emocean: A designer's tour</a><img src="https://photo-assets.superyachttimes.com/photo/208426/image/large-e0f31be4bee9ecd1669ff2e3770047e6.jpg" data-gid="gid://syiq/Photo/208426">The fate of the <a data-gid="gid://syiq/Company/4643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rosetti Superyachts (Company)">Rosetti Superyachts</a> brand and its in-build vessel are yet to be seen. It is unclear if the sale of the shipyard will see the Group exit the maritime sector, or if it will remain active in the oil and gas sectors.Though SYT reached out, the team at Rosetti Marino Group did not offer comment for this article.

Rosetti Marino sale to Ferretti Group

Rumours are circulating that the Rosetti Marino Group is close to selling its maritime facilities to the Ferretti Group.

Rosetti Marino reportedly selling San Vitale shipyard

<a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a>, a leading financial management platform for the superyacht sector, has announced its acquisition of the interactive worklist management platform <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a>. A move that will “further enhance its end-to-end solution for the financial management of superyachts”. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/259442/image/large-72e8b9a3a5e160f25ed9565ab1af730c.jpeg" data-gid="gid://syiq/Photo/259442">The <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a> platform provides a simple work list solution for an entire supply chain, with the aim to offer end-to-end transparency and total workflow accuracy for financial and time savings.&nbsp;The two companies have worked closely over the past 12 months and both see “enormous value” that integrating <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a> and developing the platform further under the <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> umbrella will bring to its users in the industry. As <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> explained, “The new integration will benefit captains and owners who are managing new build projects or refits, offering a total solution from initial bidding through to completion.”<img src="https://photo-assets.superyachttimes.com/photo/259440/image/large-23bc976025a0dad4b8c108980b74e146.jpeg" data-gid="gid://syiq/Photo/259440">“I’m delighted that Pinpoint Works has joined the <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a> family. Our mutual respect, unified approach, and vision for technology within the marine space will continue to provide the superyacht sector with the cutting-edge tool set that it requires to function effectively,” Ian Flanagan, founder and CEO of <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a> commented. “Together with our industry partners, management companies, shipyards and the incredible crew that make it all possible; we will continue to revolutionise the industry. <img src="https://photo-assets.superyachttimes.com/photo/259477/image/large-34ff13515791979facf69aae4e37e0c2.jpg" data-gid="gid://syiq/Photo/259477">“We are already working closely together on the next <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> chapter, please watch this space. These are exciting times in the superyacht world. <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a>, supported by the superb team of people that work here, intend to keep pushing the boundaries and leading the way.”<img src="https://photo-assets.superyachttimes.com/photo/259441/image/large-b768d958036f7e3882be72818b1d5c89.jpeg" data-gid="gid://syiq/Photo/259441">Leslie Gillotte, co-founder and Director of <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a> added. “The enthusiasm both our client bases bring for our products serves as motivation for us to create more value for them by uniting forces. Through this strategic partnership and our shared passion for developing innovative technology, we will grow stronger together by providing truly unique solutions.<img src="https://photo-assets.superyachttimes.com/photo/259478/image/large-c56f41e1e7a2725c035228a59aa1bff2.jpg" data-gid="gid://syiq/Photo/259478">“With the <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> team, we look forward to continuing to provide excellent standards of client support and bringing greater impact through the integration of our platforms for this dynamic industry we serve, and beyond.”

Voly Group acquires Pinpoint Works 

 Voly Group has announced its acquisition of the interactive worklist management platform Pinpoint Works. 

Voly Group announces acquisition of Pinpoint Works  

UK-based yacht builder <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> has announced that KPS Capital Partners has entered into a definitive agreement to acquire a controlling equity interest in the company. The deal is expected to be completed in the first quarter of 2023 and will see existing shareholders retain ownership of the company.<img src="https://photo-assets.superyachttimes.com/photo/258136/image/large-1a5b771835acfb06005cd285755181e3.jpg" data-gid="gid://syiq/Photo/258136">The US-based investment firm specialises in owning manufacturing businesses, with the deal still subject to customary closing conditions and approvals. The move follows the company's announcement last year to expand, as part of a successful bid by Plymouth City Council to create a Freeport in the region.Read:&nbsp;<a data-gid="gid://syiq/Article/56934" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Speculations rise over potential Princess Yachts acquisition (2023-02-13 14:15:00 +0100)">Speculations rise over potential Princess Yachts acquisition<img src="https://photo-assets.superyachttimes.com/photo/121696/image/large-ca3bca75e721d7c9ba4c864e6d0bcbd1.jpg" data-gid="gid://syiq/Photo/121696"></a>“We are excited to make this significant investment in <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>, a leading company in the luxury global yachting industry with an iconic brand grounded in British tradition, a remarkable and growing product range, and world-wide reputation for quality and innovation,” commented Ryan Harrison, a Partner of KPS Mid-Cap Investments. <img src="https://photo-assets.superyachttimes.com/photo/41309/image/large-90c2b903c073be6d676cf91a33346303.jpg" data-gid="gid://syiq/Photo/41309">This new investment will strengthen Princess Yachts ’ position in the marine sector in the UK and support the company’s opportunities both nationally and internationally. “We are thrilled to partner with KPS for this exciting new chapter for <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>,” added Antony Sheriff, Chief Executive Officer of <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/253526/image/large-9e7ae3ca9fa60d5d44938904fef42637.jpg" data-gid="gid://syiq/Photo/253526">“KPS and the <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> team are deeply committed to investing in the Company’s future while continuing to further strengthen our portfolio of best-in-class motor yachts. With a current order book nearing a record $1 billion and many model lines sold into 2025, we have never been in a stronger commercial position.”

KPS Capital Partners acquires equity interest in Princess Yachts

KPS Capital Partners has acquired a controlling equity interest in UK-based yacht builder Princess Yachts.

<a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a> has acquired <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> and appointed Frédéric Dormeuil as Chief Executive Officer of the multinational yacht charter fiscal agency. <img src="https://photo-assets.superyachttimes.com/photo/194393/image/large-3ac3130eb206a2a785c73815d4269e28.jpg" data-gid="gid://syiq/Photo/194393">‘’I am very pleased that we have acquired such a successful company. <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> fits very well with our strategic objective in making life easier onboard superyachts. They simplify the fiscal representation process for their clients, they do so across different territories and that is exactly what we should all be working towards’’ said Paschalis Patsiokas, Chief Executive Officer of <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a>.<img src="https://photo-assets.superyachttimes.com/photo/194392/image/large-1e5502f2774bfe69f7040c7a70deb7eb.jpg" data-gid="gid://syiq/Photo/194392"><a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> has recently celebrated its 10th anniversary, established in 2012 to provide fiscal representation services for EU and non-EU yacht charter companies that operate within the European Union.&nbsp;Operating out of offices in France, Spain, Italy and Croatia <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> provides services for more than 600 regular worldwide customers. This year plans are in place to further expand, with a new office in Monaco.&nbsp;As <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a> explained, “<a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> emphasises the importance of local support and works to streamline the fiscal components of yachting for each and every client. They combine this with real-time operational guidance and services, making sure their clients are always tax-compliant and can consistently meet local standards while trading their goods or services abroad.”<img src="https://photo-assets.superyachttimes.com/photo/241350/image/large-2de9324bef92f6cd991b8cb0b8e8d467.jpg" data-gid="gid://syiq/Photo/241350">Looking forward, <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a> has announced that it aims for <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> to remain autonomous, operating in tandem with <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a>, whilst continuing to further develop its own services. The appointment of Dormeuil is expected to help consolidate this position and help confirm a solid and coherent plan for the years ahead.&nbsp;Dormeuil has a wealth of experience in the luxury goods industry, and has spent many years in yachting. “With Dormeuil’s in-depth knowledge of the yachting industry from important past roles and an innovative approach, <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> will be able to reach new heights with ease and continue its goal of revolutionising yacht-based fiscal representation,” <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a> stated. <img src="https://photo-assets.superyachttimes.com/photo/241349/image/large-54e320bcd47184c0c180ca77446d3aa2.jpg" data-gid="gid://syiq/Photo/241349">“To be involved in the flourishing sector of yachting is incredibly motivating and what an industry it is; remarkable feats of engineering taking you to the most surreal destinations and like <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a>, includes many distinctive service providers helping make the overall experience the dream-like allure that it is,” Dormeuil commented.&nbsp;“From its inception, <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> has understood how to ease the burden of what can be a daunting process and I look forward to evolving the brand’s success and elevating its position in current markets and new ones,” Dormeuil continued.&nbsp;

BWA Yachting acquires SOS Yachting

BWA Yachting has acquired SOS Yachting and appointed Frédéric Dormeuil as CEO.

BWA Yachting acquires SOS Yachting and appoints Frédéric Dormeuil as CEO 

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

MarineMax reports record breaking quarterly revenue of $507.9 million

<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug Holding</a> has acquired the German manufacturer of interior fittings for superyachts, Wuerzburger Interieur Manufaktur (WIMA). The purchase agreement has already become effective and <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> was introduced to its 40 employees yesterday.<img src="https://photo-assets.superyachttimes.com/photo/68731/image/large-0341919e64beb19d4317204745a22906.jpg" data-gid="gid://syiq/Photo/68731">"With this acquisition, we are strategically strengthening <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> in a crucial field for the superyacht industry,” Philipp Maracke, CEO of FSG <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> Holding, commented.Lars Windhorst, founder and owner of Tennor Group, which both <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> and the Flensburger Schiffbau-Gesellschaft belong, added, “I chose Wuerzburger Interieur Manufaktur because they have been providing world-class joinery for many years. The experts from WIMA are able to master the interior fittings of both the ship’s bridge and of the owner’s saloons in a quality that equals that of the most elegant private homes in the world.”<img src="https://photo-assets.superyachttimes.com/photo/180187/image/large-a6e0963dc4d49da8744cc1dee75e8a59.jpeg" data-gid="gid://syiq/Photo/180187">The results of the <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> and WIMA partnership have already been seen, as the two worked in close cooperation on projects such as the 80-metre superyacht <a data-gid="gid://syiq/Yacht/6282" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Artefact80.0m (262'6&quot;)Nobiskrug2020">Artefact</a>, delivered in 2020. <img src="https://photo-assets.superyachttimes.com/photo/188493/image/large-0e183137a3e3e2aae0cfdcd485687ae4.jpg" data-gid="gid://syiq/Photo/188493"><img src="https://photo-assets.superyachttimes.com/photo/188494/image/large-d8c4b484b7d4fef7c47076b52202d258.jpg" data-gid="gid://syiq/Photo/188494">

Nobiskrug acquires Wuerzburger Interieur Manufaktur

Nobiskrug has acquired the German manufacturer of interior fittings for superyachts, Wuerzburger Interieur Manufaktur (WIMA).

Nobiskrug strengthens production with acquisition of Wuerzburger Interieur Manufaktur

Squircle Capital, a European alternative investment firm, has further increased its controlling stake of the <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a> and is now a 93 percent shareholder of the company. The incremental investment was planned as part of the initial acquisition of the leading superyacht refit, repair and maintenance group back in October 2019.<img src="https://photo-assets.superyachttimes.com/photo/222521/image/large-c4ac64dcdbc08170379c2241f0384223.jpg" data-gid="gid://syiq/Photo/222521">“As part of our 2019 investment, we committed to supporting management in their expansion plans. <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> has had phenomenal success since our investment both operationally and strategically and we have no doubt this will continue, particularly following the recent appointment of Jean-Marc as group CEO,” José Caireta, Founding Partner at Squircle Capital, commented. &nbsp;&nbsp;John Nery, Head of Investments at Squircle Capital, added: “Notwithstanding the headwinds of the last two years, the business expanded and created value thanks to its unique positioning and relentless management teams. As we grow our shareholding, we firmly believe we also grow our prospective returns on this investment which has outperformed expectations year on year.”<img src="https://photo-assets.superyachttimes.com/photo/250134/image/large-a607705d2ab4de9d5dd5e51c33297a5e.jpeg" data-gid="gid://syiq/Photo/250134">“This further investment by Squircle Capital signals their unwavering confidence in <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a>’s ability to continue growing the business and lead the refit industry, with innovation and sustainability at the forefront of this development,” Pepe García-Aubert, Chairman and minority shareholder of <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a>, noted. <img src="https://photo-assets.superyachttimes.com/photo/250133/image/large-723f85c81724c5441aad735be643c6fd.jpg" data-gid="gid://syiq/Photo/250133">Read:&nbsp;<a data-gid="gid://syiq/Article/56435" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat inaugurates its 4,300-tonne shiplift, Atlas (2022-11-23 16:45:00 +0100)">MB92 La Ciotat inaugurates its 4,300-tonne shiplift, Atlas</a>Squircle Capital’s purchase of additional shares follows the recent inauguration of Atlas, a major shiplift – a 5,000 sqm platform built around a 4,300- tonne shiplift – in La Ciotat, France. The <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">Group</a> also added a 4,800-tonne shiplift at its Barcelona facility back in 2019, and has more recently announced an expansion into the Middle East, with <a data-gid="gid://syiq/Company/4790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Seer Marine (Company)">Al Seer Marine</a> and <a data-gid="gid://syiq/Company/6707" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="P & O Marinas (Company)">P&amp;O Marinas</a>. The joint venture will see the first dedicated superyacht repair facility in UAE, which is expected to be completed in 2026 and open for business as early as next year.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/56027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Seer Marine, MB92 and P&O Marinas to create superyacht service centre and refit shipyard in Dubai (2022-09-27 16:15:00 +0200)">Al Seer Marine, MB92 and P&amp;O Marinas to create superyacht service centre and refit shipyard in Dubai</a><img src="https://photo-assets.superyachttimes.com/photo/250125/image/large-1c586358f90532f705c58a909a8efb7b.jpeg" data-gid="gid://syiq/Photo/250125">Jean-Marc Bolinger, CEO of <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a> commented: “The renewed conviction of our largest shareholder brings great comfort particularly given their commitment and support not only with their financial backing but also strategic support as we look to continue our international expansion.”&nbsp;

Squircle Capital acquires more shares of MB92 Group 

Squircle Capital has further increased its controlling stake of the MB92 Group and is now a 93 percent shareholder of the company.

Squircle Capital now 93% shareholder of MB92 Group 

Rooted within a deep tradition of yacht building in the United States, yet far outliving many of its contemporaries, <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor Shipyards</a> has expanded exponentially over the past 75 years since its foundation. Famed for its expertise in yacht building, with yachts such as the 85.2-metre <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Aquila</a> under its belt, as well as its knowledge for refit, maintenance and yacht repair, the company has built a reputation of excellence over the decades.Having grown from its original yard in New York, <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Derecktor Shipyards</a> now span the East Coast with four major facilities. Its most recent acquisition is the reputed shipyard in Fort Pierce in South Florida, which came under the management of <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Derecktor Shipyard</a> in 2019. The yard offers a totally unique experience for yacht crew during refit and maintenance. We spoke with Justin Beard, Marketing and Sales Development Manager at <a data-gid="gid://syiq/Yacht/28" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquila85.6m (280'10&quot;)Derecktor Shipyards2010">Derecktor</a>, to find out a little more about this titan of American yachting. <img src="https://photo-assets.superyachttimes.com/photo/251765/image/large-20e7c52020c060c2309484b9b543e89a.jpg" data-gid="gid://syiq/Photo/251765">What were the origins of&nbsp;<a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor Shipyards</a>&nbsp;and how has it continued after Bob Derecktor?When Bob was in high school, sometime during the 1930s, he designed a 26-foot sloop and built it in his family’s backyard in White Plains, New York – using oak for the frames, fir for the deck and pine for the mast. With the help of a friend, he sailed it to Nova Scotia for the summer.After a couple of years, Bob left college to focus on his passion. He built a 38-foot schooner and sailed it from New York to Baltimore, where he took a job at the Owens Boatyard, advancing quickly through the ranks to become foreman. Eventually returning to the New York area, he worked at the Edgar Johns Shipyard in Rye and Minnefords in City Island, building minesweepers designed to detonate underwater mines during World War II. Bob soon joined the effort himself, enlisting in the U.S. Navy in the early 1940s.&nbsp;During 1947, shortly after returning from the Navy, the young boatbuilder established Robert E. Derecktor, Inc. on Boston Post Road in Mamaroneck, New York. Surrounding himself with talented employees who would continue to grow along with the company, over the years he expanded the yard, following the ebbs and flows of the boatbuilding business — transitioning from wood to aluminium, from cruising boats to race boats, from sail to power, then to larger yachts and commercial boats.Today, four <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a>’s facilities span the Eastern Seaboard of the U.S. from Maine to South Florida, offering vessel owners and operators everything from marina space to superyacht construction. Over more than seven decades, <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> has made a name for itself on the global yachting stage, highlighted by the launch of the motor yacht Cakewalk (now Aquila), which at 2,998 tonnes, is the largest yacht ever built in the U.S.<img src="https://photo-assets.superyachttimes.com/photo/251762/image/large-edb6290204fc28da2a664f527cfda01c.jpeg" data-gid="gid://syiq/Photo/251762">How did the business evolve from those early days?Transitioning from wood to aluminium, from cruising boats to race boats, from sail to power, then to larger yachts and commercial boats, and now a leader in hybrid vessels… It’s quite the evolution over time. But more than that, from the beginning; has been the driving passion to create, to build, and to innovate - to do things in different and better ways.<img src="https://photo-assets.superyachttimes.com/photo/251763/image/large-7b5036e878eb4014ff2d8eab901cb78c.jpg" data-gid="gid://syiq/Photo/251763">Why do you think&nbsp;<a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a>&nbsp;has continued to succeed and expand while so many American shipyards have disappeared?Remaining flexible to shifting market demands has driven <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a>’s continued success throughout these seventy-five years. We take pride in the ability of our people to excel in multiple disciplines while continuing to deliver superior craftsmanship, whether working on an ultramodern superyacht or a rugged commercial vessel. This is evident throughout our history where <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> regularly adopted new and revolutionary ways to do things in different and better ways.<img src="https://photo-assets.superyachttimes.com/photo/251772/image/large-ba7a9f9617057bc1fa1b2b7aa243871c.jpg" data-gid="gid://syiq/Photo/251772">How does the team manage the shipyards and marinas across the various states?&nbsp;Each <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> yard is uniquely different and structured to serve specific clientele under direction of knowledgeable general managers and experienced tradespeople. Paul Derecktor, President and CEO, works alongside our executive team setting our course for the future, while other business functions like business development, marketing, sales, accounting and purchasing are all centrally managed.The New York yard is a repair and refit hub for the region’s commercial fleet, along with power and sailing yachts under 40 metres. Additionally, the yard continues Bob Derecktor’s legacy of delivering innovative commercial vessels as a leader in hybrid construction and is ideally positioned to support the development of the nation’s emerging offshore wind farm industry. <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> Robinhood in Georgetown, Maine, is a relaxing destination marina with a yard capable of accommodating sail and power yachts up to 34 metres.<img src="https://photo-assets.superyachttimes.com/photo/251769/image/large-8459974c1b884b2fb60ea9ce56f4898f.jpg" data-gid="gid://syiq/Photo/251769"><a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> Dania, Florida, is widely recognized as a global leader in expert superyacht repair or complete refit. Our combination of experience, professional project management and never-ending attention to detail is renowned for producing unrivalled results and customer benefit. From our deep, protected 17-acre site to our 900-tonne mobile boat hoist, Dania is set up to handle virtually any project up to 65-metre with minimum stress and maximum efficiency.<a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> Ft. Pierce was specifically designed and developed with the 75-metre, 900-tonne and up fleet in mind. It’s home to the largest mobile boat hoist in the Western Hemisphere – a massive machine with a 1500-tonne hauling capacity. This new global port of call offers the same superior service and project management <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> clients have come to expect and is conveniently located 45 nautical miles north of West Palm Beach, FL, in the quaint beachside town of Fort Pierce. Situated directly inside Fort Pierce Inlet, the facility offers deep water access to the Atlantic Ocean with unlimited overhead clearance, it’s now an ideal choice for the global fleet of superyachts and large sailing yachts.<img src="https://photo-assets.superyachttimes.com/photo/251770/image/large-2ed1e5c9d6494c35283f1b5367fe8e66.jpg" data-gid="gid://syiq/Photo/251770">What are the plans for the new facility in Fort Pierce?<a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> has invested significant resources into Fort Pierce and is committed to creating a shipyard capable of rivalling any in the world. The MBH 1,500 and access to South Florida’s extensive network of specialised marine vendors and subcontractors is imperative, as is the community where captains and their crews will call home during their yard period. Fort Pierce, with its laid-back atmosphere and old Florida vibe, is a special place we believe everyone will enjoy. We welcome the yacht industry to come check it out, one might be surprised at what we have to offer.<img src="https://photo-assets.superyachttimes.com/photo/251773/image/large-bdde7c5251b78a392a7c30479f6d081b.jpg" data-gid="gid://syiq/Photo/251773">Will the new construction sector continue to be a focus of the business – do you foresee this expanding as other shipyards close down?<a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> is more than capable of building a sophisticated luxury yacht, but committing to such a project would depend entirely on scope and yard capacity. Fort Pierce offers more flexibility in accommodating a wider variety of vessels and available workspace. While we haven’t launched a yacht since Cakewalk in 2010, we would certainly be open to discussing opportunities now or in the future. <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> will remain an industry leader in the construction of commercial hybrid electric vessels. We are actively developing sustainable propulsion solutions for new build projects and the repowering of existing vessels.With eyes and minds firmly set on the future, <a data-gid="gid://syiq/Company/36" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derecktor Shipyards (Company)">Derecktor</a> will continue to be a stalwart of the American yacht building industry and a reliable face for yacht owners arriving in the U.S. from the world over. We look forward to seeing them in their element this October at the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale International Boat Show - 2022">Fort Lauderdale Boat Show</a>!This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/yacht-news/superyacht-times-issue-43-newspaper-launched" target="_blank">Issue 43 of SuperYacht Times newspaper</a>.&nbsp;To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper,&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

The history behind Derecktor Shipyards

Bob Derecktor’s shipyards have been a stalwart of American yacht building for 75 years, we found out a little more about this historic company.

Derecktor Shipyards: Born in the USA

The third edition of the <a data-gid="gid://syiq/Event/165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea You - Yacht Sales & Charter Days - 3rd">Sea You - Yacht Sales and Charter Days</a> will take place at <a data-gid="gid://syiq/Company/383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Genova (Company)">Marina Genova</a> on Wednesday 12 and Thursday 13 April 2023.<img src="https://photo-assets.superyachttimes.com/photo/256416/image/large-878b338296487c1a3aa3838d25273333.jpg" data-gid="gid://syiq/Photo/256416">An exhibition event for boats available for sale and charter, <a data-gid="gid://syiq/Event/165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea You - Yacht Sales & Charter Days - 3rd">Sea You - Yacht Sales and Charter Days</a> is a meeting point for professionals in the yachting industry, from captains to shipyard suppliers and service companies. Throughout the event, it will be possible to visit the yachts by appointment and attend the various scheduled presentations, talks and events.<a data-gid="gid://syiq/Event/165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea You - Yacht Sales & Charter Days - 3rd"><img src="https://photo-assets.superyachttimes.com/photo/263107/image/large-d39889df94d5e62a561439daaa4e07c9.jpg" data-gid="gid://syiq/Photo/263107">Sea You - Yacht Sales and Charter Days</a> will host the second Superyacht 24 Forum at 10:00 on Wednesday 12 April 2023. The topic of the forum is “The refit of Superyachts in Italy: an excellence to defend,” which will discuss new development, innovation and sustainability projects in the refit of Superyachts in Italy, with contributions from shipyards, captains and industry experts.<img src="https://photo-assets.superyachttimes.com/photo/263113/image/large-3950f9a8d38952836bc6d0cec3a0e4c1.jpg" data-gid="gid://syiq/Photo/263113">Also at the event will be an exhibition of 18 architectural projects on the theme of charter superyachts, created by Master’s students from the University of Architecture of the Naval Design and Yacht Design department of La Spezia.<img src="https://photo-assets.superyachttimes.com/photo/263110/image/large-a896d30ed0a314e6368c6a5df32968a4.jpg" data-gid="gid://syiq/Photo/263110">The event also welcomes yacht crew and is hosting two exciting crew workshops: “An Unforgettable Tabletop: The Mise en Place secrets You were looking for” for formal and informal events on board, organised by Soloportofino in cooperation with Rosenthal and Sambonet and another about the art of flair bartending, with teachers of the Genoese school “Bump Academy”.<a data-gid="gid://syiq/Event/165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea You - Yacht Sales & Charter Days - 3rd"><img src="https://photo-assets.superyachttimes.com/photo/263109/image/large-5a5a20a22cc4a31fcea14cadcdc318a4.jpg" data-gid="gid://syiq/Photo/263109">Sea You - Yacht Sales and Charter Days</a> will once again be held at <a data-gid="gid://syiq/Company/383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Genova (Company)">Marina Genova</a>, a leading marina for large yachts in the Mediterranean. The marina is among the few Mediterranean marinas able to offer hospitality to superyachts up to 130 metres in length and offers over 400 berths, 130 of which accommodate yachts up to 130 metres. Additionally, the marina is home to the largest refuelling docks in the Mediterranean (from 100 to 150 metres).<img src="https://photo-assets.superyachttimes.com/photo/263105/image/large-d3796fb1c5fa95ca406a0b181be70894.jpg" data-gid="gid://syiq/Photo/263105">A high level of service dedicated to all superyacht needs, including refit and repairs, is guaranteed at <a data-gid="gid://syiq/Company/383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Genova (Company)">Marina Genova</a>, as well as services such as shops and restaurants. <a data-gid="gid://syiq/Company/383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Genova (Company)">Marina Genova</a> is located only a few minutes from the centre of Genoa and within the luxury triangle of the Mediterranean, between Portofino, Porto Cervo and Saint Tropez.<img src="https://photo-assets.superyachttimes.com/photo/263104/image/large-7e07ca1a7a9ddb232aae42f67c0bee34.jpg" data-gid="gid://syiq/Photo/263104">

Sea You - Yacht Sales and Charter Days to return to Marina Genova

Sea You - Yacht Sales and Charter Days will be returning to Marina Genova, Italy, on 12 and 13 April 2023.

Sea You - Yacht Sales and Charter Days will return to Marina Genova on 12 and 13 April 2023

Peter Wilson is co-founder of <a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a>, one of the industry’s leading yacht construction and management firms. Originally from the UK, he settled in Newport, USA, in the late 1980s and set up <a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a> with business partner Nigel Ingram. Both partners have extensive sailing experience – racing and bluewater cruising – but they have also represented owners on numerous motoryacht projects, including 58-metre <a data-gid="gid://syiq/Yacht/6007" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Najiba58.0m (190'3&quot;)Feadship2019">Najiba</a> (<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>), 49.8-metre <a data-gid="gid://syiq/Yacht/6107" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Toute Sweet49.8m (163'5&quot;)Heesen Yachts2019">Toute Sweet</a> (ex-Erica, <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>) and 67-metre <a data-gid="gid://syiq/Yacht/8735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Calex67.0m (219'10&quot;)Benetti SpA2022">Calex</a> (<a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>). Outside of work, Peter enjoys cycling, sailing, motorbiking, photography and tending to his beehives.<img src="https://photo-assets.superyachttimes.com/photo/261482/image/large-8f42f4d17c286aa23635d9c9afd0624b.jpg" data-gid="gid://syiq/Photo/261482">How did you and Nigel meet and what sparked your decision to set up a company together?&nbsp;We met in Antigua in the ‘70s and became fast friends. In 1988 I was wrapping up an America’s Cup challenge and Nigel was finishing the build of a new yacht. We started chatting about what was next. As yachts were getting larger and more complicated, we felt clients needed an advocate to represent their best interests. We also believed there should be more discipline in terms of fiscal and time-related control imposed on the build process. And after 35 years it appears there was indeed a need!<img src="https://photo-assets.superyachttimes.com/photo/171475/image/large-def9b7fbcd7516e5756f79bc7fc282d0.jpg" data-gid="gid://syiq/Photo/171475"> You’re a sailor and in the past&nbsp;<a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a>&nbsp;was best known for its sailing yacht projects, but you’re now taking on more motor yachts with brands like&nbsp;<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>&nbsp;and&nbsp;<a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>. Was this a straightforward transition and how does your role change between sail and power?&nbsp;When one considers today’s sailing superyachts and their relative systems, they have more complications than the equivalent motor yachts. For example, both types of vessels have engines, generators, HVAC, AV/IT systems, cooking and domestic appliances, desalination and sewage treatment plants, and so on. But on a sailing yacht there are also masts, rigging, captive winches, booms, hydraulic furling and tensioning systems and appendages like lifting keels – all in a hull that is usually less voluminous than a motor yacht. So the transition from a technical standpoint is quite straightforward, although it should be noted that we have been doing motor yacht projects for many years and so they are not new territory for us.&nbsp;In terms of role differences, in the sailing yacht world there is more focus on the nuances of sailing performance, whereas on motor yachts the performance is well defined and based on engine kilowatts, propeller designs and, of course, the hull shape. The interiors, outfitting, finish and quality are equally important on every superyacht.<img src="https://photo-assets.superyachttimes.com/photo/180780/image/large-1604c001b0dc9b9c1caaa60d0e99d298.jpeg" data-gid="gid://syiq/Photo/180780">What kind of decisions can you make on your own and which require the owner’s approval?&nbsp;This depends largely on the involvement and experience of the client. In many cases, we have clients that are knowledgeable and have had a string of yachts before. In those cases, the client is often closely involved and brings that experience to bear, and it can be a very collaborative affair. Where a client is perhaps building for the first time, they may need more guidance. In either case, we present them with the options available in a clear and concise manner when a decision is required and recommend the one we feel is the right choice. This gives the client the benefit of our experience and the requisite information on which to base an informed decision.<img src="https://photo-assets.superyachttimes.com/photo/92787/image/large-25fbaa062214a0955512eecbe552c80e.jpg" data-gid="gid://syiq/Photo/92787">Do ‘involved’ owners make your job easier or more difficult?&nbsp;Having a client closely participate in the project typically makes it more memorable for them as they are really creating their vision. In turn, this makes it more enjoyable for the entire team. Designing and building a yacht is a terrific endeavour and may be a once-in-a-lifetime opportunity, so we strive to make it a rewarding experience for the client. We have developed great friendships with many of our clients that outlast the build process. <img src="https://photo-assets.superyachttimes.com/photo/68864/image/large-d01918c154c9386a1eba29b93edea26b.jpg" data-gid="gid://syiq/Photo/68864"><a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a>&nbsp;offers yacht construction and management services. Does it make more sense if the same agency does both?&nbsp;When we started <a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a> in 1988, we didn’t have a yacht management division. However, once we had a few yachts ‘under our belts’ it became abundantly clear that there was a requirement for post-construction support the and formalising that support in the form of a yacht management division was a service that yacht owners needed. As the vessel progresses from the build phase to the operational phase, having one company providing both services makes for a seamless transition. Not least because by that stage we have a long-standing relationship with the client, we know the vessel inside and out, we have all the data, drawings and manuals, and we know which design decisions were made and why.The rules and regulations surrounding vessel navigation and operation have also increased exponentially and the burden is such that captains and crew require shore-based support. Furthermore, the client benefits from the continuity <a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a> offers; crew inevitably come and go, but we are the common thread and institutional knowledge about the yacht and the programme. <img src="https://photo-assets.superyachttimes.com/photo/75757/image/large-814590a2342fc3180dd4d70ca59bd2d7.jpg" data-gid="gid://syiq/Photo/75757">Do you bring in your own preferred suppliers and/or subcontractors for new-build projects, or is that always up to the shipyard?&nbsp;To ensure there is no perceived conflict of interest, we remain fiercely independent. However, over many years of operation we’ve developed strong relationships with quality suppliers, manufacturers and vendors and can recommend those to the shipyard. We also have real-world experience as to how the equipment performs at sea. However, it is the shipyard that has overall responsibility for the construction process and provides the warranty, so they ultimately decide which suppliers and subcontractors are the best fit and those they prefer to work with. &nbsp;What would you change about the way we work in the superyacht industry?&nbsp;The elapsed time from the first conversation to the yacht being handed over can be many years. As an industry, we are always seeking ways to be more efficient and shorten the time required to build one of these masterpieces &nbsp;while maintaining the high quality standards expected. The other challenge is how to build yachts that can operate in an environmentally friendly way. Emissions are being lowered. We need to continue that trend to protect the marine environment we all so enjoy.<img src="https://photo-assets.superyachttimes.com/photo/217714/image/large-e37cd890a97c5e166adce7d9d371918b.jpg" data-gid="gid://syiq/Photo/217714">Beyond the technical qualifications, what are the personal attributes needed to be a successful owner’s rep?&nbsp;On the personal side, attributes such as honesty, integrity, patience and respect. Being a good listener is also profoundly important. Other key qualities include staying focused, open-minded, nimble and the ability to adapt. Managing expectations is the most challenging aspect of the job. As these projects become larger and costlier, there are many facets to consider and with sometimes differing agendas, so the ability to develop a team with members sharing a common goal, is fundamental.&nbsp;Lastly, the experience of having been to sea in a multitude of yachts in wide-ranging conditions is enormously helpful. Knowing what happens on the blackest of nights when the wind is fierce enough to blow the oysters off the rocks and the seas become mountains, is a great help when discussing the design and construction of our projects.&nbsp;This article was originally published in September 2022 of Issue 1 of the How to Build It magazine. <a href="https://superyachttimes.com/api/download/how-to-build-it-issue-1" target="_blank">You can download the entire magazine for free here</a>.

Interview with Peter Wilson of MCM

Justin Ratcliffe sat down with Peter Wilson of MCM about the technicalities behind yacht construction management.

Expert Insight: Peter Wilson, Founder of MCM, on yacht construction management

Turkey-based builder <a data-gid="gid://syiq/Company/6581" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FDC Yachts (Company)">FDC Yachts</a> has unveiled the second model in the Aluna series, the 39-metre Aluna 127. The full displacement yacht has been developed in cooperation with <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a> and can be used as a support yacht or as an expedition vessel.<img src="https://photo-assets.superyachttimes.com/photo/263177/image/large-01bab3d60667f5d893ab6fd6e6283a79.jpg" data-gid="gid://syiq/Photo/263177">Aluna 127 features a steel hull and aluminium superstructure with her hull and detail engineering handled by <a data-gid="gid://syiq/Company/6581" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FDC Yachts (Company)">FDC Yachts</a>. The ocean-going vessel also features interior and exterior design by <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a>. <img src="https://photo-assets.superyachttimes.com/photo/263176/image/large-d439a31d18340ade5d3ba0e762b8c761.jpg" data-gid="gid://syiq/Photo/263176">Aluna 127 shares the same DNA as her smaller sistership, Aluna 87, with the added ability to function as a support yacht. One of her standout features is her forward-located superstructure that enables guests to enjoy an exceptionally spacious aft deck.<img src="https://photo-assets.superyachttimes.com/photo/263179/image/large-f45fcab8e5794a86477e7f5039193406.jpg" data-gid="gid://syiq/Photo/263179">Aluna 127 can comfortably accommodate up to 12 guests with her owners suite located on the upper deck at the bow, with a large terrace and his-and-hers ensuite bathrooms. The remaining guest staterooms are situated on the lower deck, alongside accommodation for a crew of eight.<img src="https://photo-assets.superyachttimes.com/photo/263178/image/large-4680243261baa291fdef72ee8ede57ea.jpg" data-gid="gid://syiq/Photo/263178">Another unique feature of Aluna 127 is her ability to carry a tender of up to 12-metres on the main deck. She is also able to land a four person touch-and-go helicopter on her large deck space.<img src="https://photo-assets.superyachttimes.com/photo/263174/image/large-cf266afaa8f1b3aabfcedffa98f3553f.jpg" data-gid="gid://syiq/Photo/263174">Aluna 127 has been designed for optimal fuel consumption and maximum performance, thanks to her twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> C18 Acert engines. She is expected to have a maximum speed of 15 knots and a cruising speed of 11 knots.<img src="https://photo-assets.superyachttimes.com/photo/263175/image/large-0ba4c6b4c1f635f4a596ec06c4345a66.jpg" data-gid="gid://syiq/Photo/263175"><a data-gid="gid://syiq/Company/6581" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FDC Yachts (Company)">FDC Yachts</a> announced the first yacht in the series, the Aluna 87 in April 2022 with an expected delivery date of 2024. Aluna 127 has a build time of 20 months and is planned to be launched in the summer of 2025. She is currently for sale with <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>.

FDC Yachts unveils 39m Aluna 127 yacht

FDC Yachts has unveiled the second model in the Aluna series, the 39m Aluna 127.

Aluna 127: FDC Yachts unveils second yacht in the Aluna series

<a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman Shipyard BV (Company)">Royal Huisman</a> has announced the turning of sailing yacht Aquarius II at their shipyard in Vollenhove, the Netherlands. Project 408, Aquarius II is the larger sistership to the 56-metre superyacht <a data-gid="gid://syiq/Yacht/5848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquarius56.0m (183'9&quot;)Royal Huisman Shipyard BV2018">Aquarius</a>, measuring an impressive length of 65-metres. <img src="https://photo-assets.superyachttimes.com/photo/263150/image/large-e01ad0efbe7ff10114d3afa226f51cca.jpg" data-gid="gid://syiq/Photo/263150">The performance ketch yacht features naval architecture and exterior design from <a data-gid="gid://syiq/Company/230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dykstra Naval Architects (Company)">Dykstra Naval Architects</a>, alongside interior design by <a data-gid="gid://syiq/Company/4404" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mark Whiteley Design (Company)">Mark Whiteley Design</a>. Godfrey Cray is the owner’s project manager, with this being his third <a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman Shipyard BV (Company)">Royal Huisman</a> build after <a data-gid="gid://syiq/Yacht/5667" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ngoni58.15m (190'9&quot;)Royal Huisman Shipyard BV2017">Ngoni</a> and <a data-gid="gid://syiq/Yacht/5848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aquarius56.0m (183'9&quot;)Royal Huisman Shipyard BV2018">Aquarius</a>. <img src="https://photo-assets.superyachttimes.com/photo/263151/image/large-78606f3fff74a6aa883df3765cd98aa8.jpg" data-gid="gid://syiq/Photo/263151">Aquarius II promises a bigger, better sailing yacht than her sistership. With a volume increase of nearly 45 percent, Aquarius II benefits from a fourth guest stateroom, generously-sized staterooms, living spaces, and a more extensive gym providing space for more fitness equipment. <img src="https://photo-assets.superyachttimes.com/photo/263152/image/large-45990d8eb8e96b3ef34da060567bd105.jpg" data-gid="gid://syiq/Photo/263152"><img src="https://photo-assets.superyachttimes.com/photo/263149/image/large-d183074e051dc68ae6472f3e3dd1f063.jpg" data-gid="gid://syiq/Photo/263149">This size increase also offers a larger galley and one more crew stateroom so that crew can enjoy a good living and work environment.<img src="https://photo-assets.superyachttimes.com/photo/263155/image/large-26d0b8aba096c5238cf827f97295ba5c.jpg" data-gid="gid://syiq/Photo/263155"><img src="https://photo-assets.superyachttimes.com/photo/263157/image/large-86f3ec9de0823fcce90ce8f143f1cc83.jpg" data-gid="gid://syiq/Photo/263157">Another highlight of&nbsp;Aquarius II is her owner’s deck, which contains offset stairs that allow for a wrap-around sofa and lounging configuration. Royal Huisman continues to focus on quality and reliability, ensuring that Aquarius II’s sailing performance remains efficient and easy to drive despite her size.<img src="https://photo-assets.superyachttimes.com/photo/219070/image/large-3b18b783da40a12b93dbc56a0d8f5e8b.jpg" data-gid="gid://syiq/Photo/219070">

Royal Huisman turns the hull of 65m sailing yacht Aquarius II

Royal Huisman has announced the turning of Aquarius II at their shipyard in Vollenhove.

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<img src="https://photo-assets.superyachttimes.com/photo/263162/image/large-d42bb451f0249a48b76807323b5f1e51.jpg" data-gid="gid://syiq/Photo/263162">Seen here recently cruising off the Palm Jumeirah in Dubai, is the 91.4-metre superyacht <a data-gid="gid://syiq/Yacht/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonlight II91.4m (299'10&quot;)Neorion2005">Moonlight II</a>. Previously known as Alysia, she was built by <a data-gid="gid://syiq/Company/250" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neorion (Company)">Neorion</a> in Greece and completed in September 2005. To update her original design by Lally Poulias and <a data-gid="gid://syiq/Company/251" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Marine Ltd - Yacht Designers & Naval Architects (Company)">Alpha Marine</a>, <a data-gid="gid://syiq/Yacht/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonlight II91.4m (299'10&quot;)Neorion2005">Moonlight II</a> was completely refitted in 2015 and lengthened from 85.3-metres to her current length of 91.4-metre. Built for the charter market, <a data-gid="gid://syiq/Yacht/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonlight II91.4m (299'10&quot;)Neorion2005">Moonlight II</a> can accommodate up to 36 guests, who'll be taken care of by a crew of 30. In terms of performance, she is powered by twin&nbsp;<a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines of 2,760 horsepower each, allowing her to reach a top speed of 17 knots and cover a transatlantic range of 5,000 nautical miles while cruising at 14 knots.

Neorion superyacht Moonlight II in Dubai

The 91m superyacht Moonlight II, built by Neorion, is seen here cruising in Dubai.

The twenty-sixth hull&nbsp;<a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> Navetta 33 yacht has been launched at the <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Group&nbsp;</a>Superyacht Yard in Ancona, Italy, and has been named <a data-gid="gid://syiq/Yacht/12072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Buongiorno33.0m (108'3&quot;)Custom Line2023">Buongiorno.<img src="https://photo-assets.superyachttimes.com/photo/263133/image/large-49b208887bd6cd5291ff95d88ece42f6.jpg" data-gid="gid://syiq/Photo/263133"></a>The distinctive 33-metre, made-to-measure motor yacht entered the water on 15 March in the presence of the owner and their family from the Americas alongside all of the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line’s</a> employees.<img src="https://photo-assets.superyachttimes.com/photo/263132/image/large-bc7b543fd87c8089cd49692ee747aca3.jpg" data-gid="gid://syiq/Photo/263132">The yacht’s creation comprised a collaborative effort between the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line’s</a> Strategic Product Committee, which handled the exterior styling, and the <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Group</a> engineering departmenton her interior design. Strategic consultancy for the Navetta 33 interior design was provided by the Custom Line Atelier.<img src="https://photo-assets.superyachttimes.com/photo/263135/image/large-f1402b2c0452fa3f89ff7ee8a1ea9297.jpg" data-gid="gid://syiq/Photo/263135">Natural and pale colour schemes with hues of beige and green were adopted in the interior design of <a data-gid="gid://syiq/Yacht/12072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Buongiorno33.0m (108'3&quot;)Custom Line2023">Buongiorno</a>, with the owner working in partnership with <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>s Atelier’s interior designers and architects.<a data-gid="gid://syiq/Yacht/12072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Buongiorno33.0m (108'3&quot;)Custom Line2023">Buongiorno</a> is entirely bespoke, with the owner working to fully customise the space for their needs, focusing on the craftsmanship that harmoniously connects the interiors and exteriors of the boat. The yacht's expansive interior space can accommodate up to ten guests onboard, as well as room for five crew members, including the captain. <img src="https://photo-assets.superyachttimes.com/photo/263134/image/large-d67c7815e74b524eaf6808113f7f0f1d.jpg" data-gid="gid://syiq/Photo/263134">Top design brands, artisanal practices, and authentic, organic materials adorn the yacht, with each element precisely portraying the owner’s wishes. Lacquered wood and Taj Mahal beige marble accentuate the attention to detail executed by the design team both inside and out.<img src="https://photo-assets.superyachttimes.com/photo/263136/image/large-36205b2f2f6810b08c635e99031af346.jpg" data-gid="gid://syiq/Photo/263136">Performance-wise, she is powered by twin <a href="https://sya.superyachttimes.com/companies/man" target="_blank">MAN</a> engines, which give her a cruising speed of 12 knots and a top speed of 15 knots.

Custom Line launches Buongiorno yacht 

Buongiorno, the twenty-sixth hull of Custom LineNavetta 33, launches from the Ferretti Group Superyacht Yard in Ancona, Italy.

Custom Line launches 33m Navetta 33 yacht Buongiorno

<a data-gid="gid://syiq/Company/118" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Arch. Tommaso Spadolini (Company)">Tommaso Spadolini</a> is celebrating its 45th anniversary this year – and what a year the design studio has already had already, unveiling three new superyacht projects.&nbsp;The <a data-gid="gid://syiq/Article/56752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tommaso Spadolini unveils 90m superyacht concept with vast beach club (2023-01-16 13:15:00 +0100)">largest project presented was a 90-metre concept</a> which, if taken to build, would be the designer’s flagship superyacht. In a matter of weeks, after the 90-metre was showcased, <a data-gid="gid://syiq/Company/118" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Arch. Tommaso Spadolini (Company)">Spadolini</a> pulled the wraps off of <a data-gid="gid://syiq/Article/57091" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tommaso Spadolini unveils new 48m superyacht concept (2023-03-07 11:30:00 +0100)">a 48.5-metre, characterised by a semi-vertical bow</a> and very generous living space. The <a data-gid="gid://syiq/Article/56954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa unveils 50m superyacht concept Codecasa Jet 50 (2023-02-16 12:00:00 +0100)">third project is the most radical</a>, designed for <a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a> and inspired by aviation. The studio has been a hive of activities.&nbsp;SuperYacht Times caught up with the Italian designer to discover more.<img src="https://photo-assets.superyachttimes.com/photo/24766/image/large-df6216f2900ddcc75b7ac6ee454aac24.jpg" data-gid="gid://syiq/Photo/24766">Do you have any reflective thoughts after designing yachts for nearly half a century?&nbsp;Some years have been truly crucial and have seen significant changes. I have had the privilege of going through them, progressively tackling different themes, from the serial production of <a data-gid="gid://syiq/Company/560" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Canados (Company)">Canados</a> and Aprea yachts to building <a data-gid="gid://syiq/Yacht/1514" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foners41.5m (136'2&quot;)Izar2000">Foners</a>, the fastest yacht in the world built for the King of Spain without forgetting the world of superyachts for many affectionate clients, for whom in some cases I have also designed several boats.<img src="https://photo-assets.superyachttimes.com/photo/254144/image/large-f745df6f4f0984c08ef4c436e33b4736.jpg" data-gid="gid://syiq/Photo/254144">With the release of three superyacht concepts in as many months, can we expect any more designs this year?&nbsp;In fact, perhaps also as a reaction to the difficult Covid period we have just gone through, I am in a rich design moment and I do not rule out presenting other design solutions soon.<img src="https://photo-assets.superyachttimes.com/photo/24753/image/large-0fae192ab2f8d9eb43ba046a7e505dc9.jpg" data-gid="gid://syiq/Photo/24753">Can we expect the 90m superyacht or 48m concept to be taken to build?&nbsp;For both the 90 and the 48 I worked with the requirements of a shipowner in mind; both feasibility projects are in the evaluation phase, waiting to activate the shipyard selection.<img src="https://photo-assets.superyachttimes.com/photo/263102/image/large-080cd09835ad3d3ae6d7f8b33c703058.jpg" data-gid="gid://syiq/Photo/263102">What led you to reimagine the lines of superyachts for the&nbsp;<a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a>&nbsp;Jet, incorporating designs from the aviation sector?&nbsp;The <a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a> Jet 2020 is the brainchild of Fulvio Codecasa, who called me to collaborate on his futuristic project. Obviously the idea excited me, to the point of also developing the Jet 50, a smaller boat with the same philosophy.<img src="https://photo-assets.superyachttimes.com/photo/208827/image/large-b74fbd2b424043a1c3021c78fe998a0e.jpg" data-gid="gid://syiq/Photo/208827">Codecasa delivered&nbsp;<a data-gid="gid://syiq/Yacht/7917" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="My Legacy56.0m (183'9&quot;)Codecasa S.p.A.2021">My Legacy</a>&nbsp;in 2021, featuring an interior by&nbsp;<a data-gid="gid://syiq/Company/118" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Arch. Tommaso Spadolini (Company)">Tommaso Spadolini</a>. Can you share anything about the project?&nbsp;I was delighted to work on the interiors of <a data-gid="gid://syiq/Yacht/7917" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="My Legacy56.0m (183'9&quot;)Codecasa S.p.A.2021">My Legacy</a>, which reflect the taste and culture of the owner, perfectly integrated with the design and the very high quality of the shipyard's workmanship. <img src="https://photo-assets.superyachttimes.com/photo/26752/image/large-c7676b66705fe87de5a6cabf3684db55.jpg" data-gid="gid://syiq/Photo/26752">To talk about flagships, how was the experience designing the 70m superyacht&nbsp;<a data-gid="gid://syiq/Yacht/2550" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="High Power III70.0m (229'8&quot;)Rossinavi2011">High Power III</a>&nbsp;for&nbsp;<a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>?&nbsp;<a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>'s 70m, launched as Numptia, was a wonderful design experience, shared with the owner, who spent over 300 days in our Florence studio, actively participating in the evolution of the project.

In conversation with Tommaso Spadolini 

SuperYacht Times caught up with Tommaso Spadolini to learn more about his new projects.

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