Although the majority of the industry knows <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>' Antony Sheriff as the Executive Chairman who led <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> into the black last year, the American/Italian businessman previously carved out a name for himself within the automotive industry before taking over the management of the British yacht builder. He is credited with overseeing the launch of McLaren’s first sports car production models since the McLaren F1, and since joining the team at <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> in January 2016, his bold and unconventional strategy has led to record-breaking sales.&nbsp;After heavily investing in R&amp;D, expanding its workforce and launching new products, such as the carbon fibre R35 and the X95, <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> has become one of the top ten superyacht builders following the global financial crisis in the world.* To learn more about <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>' ongoing success, how it is fortifying itself for the future, and Sheriff’s view on yachting, we spoke with the Executive Chairman himself. <img src="/uploads/store/photo/68150/image/large-6079b0b1ca18ffe3f2bad59e0ec45105.jpg" data-gid="gid://syiq/Photo/68150">You made quite the switch from the automotive industry to the superyacht industry when you joined&nbsp;<a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a>&nbsp;three years ago. Are there certain things you think the yachting industry could learn from the automotive?I think there are a lot of interesting things in the superyacht industry which the automotive industry could learn from. But there are a heck of a lot of things in the auto industry, that if applied intelligently can change the game in yachting. The yachting industry is still somewhat immature. Many companies started out in a shed many years ago, as did <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a>, and are now grown up. But it’s only as they've gotten to a certain size, where their business has become too big to manage without proper processes, and their products have become more complicated with the speed of development, that the industry’s lack of professionalism has become apparent.Funnily enough, the thing that really surprised me is that this should be the ultimate, super luxury business, yet it’s not run as such. There is nothing more discretional than buying a superyacht. But superyacht businesses do not have a clear understanding of what luxury is or how to run a luxury business. They over-produce and are not as focused on certain services as they should be.<img src="/uploads/store/photo/61372/image/large-0cc35132c26aa7b097a1a342efc63468.jpg" data-gid="gid://syiq/Photo/61372">You introduced a new business strategy at&nbsp;<a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a>&nbsp;with the aim of transforming it into a ‘true luxury business.’ Can you tell us a bit more about this strategy?It's quite simple. We started off by cutting production because we were overproducing and trying to keep the level of demand higher than the level of supply. We have put more focus on quality - both build quality as well as design quality - and we're spending more money developing our boats. We launched ten new products in 2016 and 2017 combined, we have launched seven new yachts this year and will introduce three more over the next three months, and by 2019 to 2020 we will launch 15 new products, so we're getting more aggressive.&nbsp;We are spending more time during the upfront design process to ensure we offer better aesthetics as well as functional features, and we're focusing more on after sales service as well. We asked what the ownership experience is like and how we can make our customers' life more enjoyable.One of our value propositions is that we make everything ourselves, partly because we are quite isolated, but it's turned out to be a fantastic competitive advantage because we can control the quality. We can push manufacturing to make things that other suppliers won't make. It’s kind of funny - since cutting down on its production, <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> has witnessed a surge in orders. It seems antithetical, but that's what happened. We are predicted to produce just under 300 boats in 2018 and have record advance orders through to 2020!<img src="/uploads/store/photo/61371/image/large-93c42e224eb1c3a6161211fc655181fe.jpg" data-gid="gid://syiq/Photo/61371"><a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess’s</a>&nbsp;strategy heavily focuses on cutting down on the number of products while investing in the development of new products - how do you ensure the new products stand out?We're trying to cover the market much more broadly and make sure that at any given time we have the freshest, most up to date product range in the business. We are not just replacing older models; we are also expanding the range to include different types of models, such as the R35 and the X95. Every time we start working on new products, I challenge my team to tell me what features there will be on the boat to ensure we are not making ‘just another boat.’&nbsp;If you look around, there are a lot of boats coming out, which are too similar to their predecessors. Maybe they are slightly bigger, with more space, but what’s new? If you have nothing new to offer in your new product, then we are not interested. Everything we're doing now has something new and interesting, whether it's the layout, the technology, or other features that we haven't been done before to enhance the user experienced. For example, the X95 is a complete revisitation of what the layout of a large motor yacht needs to be. We moved things around and managed to create 40 percent more interior space and about 15 percent more exterior space on any given hull size.<img src="/uploads/store/photo/61277/image/large-db78249a5653c63f114caea386205867.jpg" data-gid="gid://syiq/Photo/61277">In addition to investing in new products,&nbsp;<a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>&nbsp;recently expanded its team to 3,000. Do you aim to continue growing your team and has it been easy to find these employees?Not really, it’s been a struggle to find the people we have now. We mostly hire locals, but we have a number of European workers who’ve come over as well. There’s a big boat building community in Poland, but there's also quite a large Polish community in Plymouth.<img src="/uploads/store/photo/12852/image/large-a4ae5dfd94b35f7771ba75cb739676ab.jpeg" data-gid="gid://syiq/Photo/12852">Do you think that a yacht model which may be more limited in supply automatically becomes more desirable?There is a virtuous circle in the yachting industry, which if you do it the other way it’s a death spiral. I would say that many of our competitors are in the death spiral. In the virtuous circle you produce fewer boats, therefore your order bank goes up, and you can be more efficient with production. There's product scarcity, so you need to discount less, and may even price your products a little bit higher because you're discounting less. The residual value of old, pre-owned boats then goes up, and it becomes quite attractive to buy one because you don't lose as much money when you trade it in. In turn, demand goes up, and because there is insufficient supply to meet the demand, people want to buy the boat even more, which extends the waiting list out, and the whole virtuous circle starts again.However, if you do it the other way and you build too many boats, and then you have to discount. You drive the residual values down, and you lose 40 percent after two years, and nobody wants to buy that boat because it's a money pit. In order to sell the boat or another boat you've got to discount even more, and you go down the death spiral. It shocks me to see how many companies that are in the death spiral still give a discount.&nbsp;As a policy, <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> does not have yachts in stock. Our dealers do have a handful of boats in stock, but it's one-third of the level that it was just two and a half years ago and they only stay in stock for a month or two. We're in a very healthy position at the moment, and it's contributed to the company setting record revenues this year.<img src="/uploads/store/photo/3096/image/large-4abc655691c9b07ca9e58e43f473d85d.jpg" data-gid="gid://syiq/Photo/3096">Is there a particular type of clientele&nbsp;<a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>&nbsp;is trying to attract through its renewed product offering?No, not really. We appeal to anybody who appreciates the fun in boats. <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> as a brand offers a level of understatement which is nice - we don't go after flashy customers. Our designs are understated, although they’re becoming much more evocative.&nbsp;If you look to automotive design, a lot of the Italian cars from the 1960s had these beautiful, long, flowing lines that ran the length of the vehicle, which were designed by hand. But these curves were taken from yacht design and applied to cars. Nowadays a lot of the superyachts on the market look like angry Pac-Men with lots of jagged lines. You struggle to see a line which starts at the bow and ends at the ends of the stern.&nbsp;We're trying to bring back a little bit of the romance of what a beautiful boat is supposed to be. Our customers also tend to focus a lot on the quality of the design and build. We’re pushing the perceived quality up, which means the quality of the materials that we use to make the boat ensures you feel that you're on an X-million pound boat.<img src="/uploads/store/photo/33664/image/large-b9f2ddd2570847f640077aeac9a44713.jpg" data-gid="gid://syiq/Photo/33664">Looking to the future and yacht ownership, do you foresee any shifts when it comes to models of ownership?&nbsp;It seems like everyone is talking about what to do - is there going to be a push for yacht sharing platforms? The yachting industry is perhaps among the most evolved when it comes to leasing and sharing boats, so it’s difficult to come up with something very new. You've got to think of something that is notably unique and offers a better possibility of people to experience yachts.At the same time, I think there's a whole swath of the market that has all the money in the world to buy a yacht, who may even have the propensity to because they own a super sports car and the idea of buying a toy is perfectly natural to them, but we don't attract them at all. We tend to attract buyers from the same area where our current customers are. To attract new customers, we need to create products that are more accessible and attract the interest of people who may not be traditional boat buyers.<img src="/uploads/store/photo/62697/image/large-4948b5b6423f049d6e590e459455a801.jpg" data-gid="gid://syiq/Photo/62697">What areas within the yachting industry do you think could be improved on?Honestly, all of them. Suppliers need to up their game and improve their quality, manufacturers need to improve their quality, and marinas need to improve their quality. The bases are all there, but it's not enough to simply offer a product. It needs to be high-quality and reliable. It also needs to be repeatable, and it needs to be predictable, and that's something that will only come with time.Customer service also needs to be improved, especially the level of responsiveness, because ultimately we are all working for the customer. The superyacht industry needs to become more mature, especially when it comes to its expectations of what quality levels are acceptable. This is a business that tends to build boats and then add quality as opposed to building quality, and we're desperately trying to change that now.<img src="/uploads/store/photo/20682/image/large-e23edc3bdf43399d6de9ac12869017e1.jpg" data-gid="gid://syiq/Photo/20682">With the date for Brexit looming, what impact do you think the UK’s exit from the EU may have on&nbsp;<a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>?No matter what happens, we want to stay in the UK and continue manufacturing here. Honestly, it would be an awful lot of disruption for us to want to move from where we are. At the moment the potential impact of Brexit is positive for us, bizarrely, because we have some degree of exchange rate benefit. But as with every other business, all you really want is stability and free trade. If you have economic security and free trade you're right, so I'll leave it up to the politicians to make sure we get that. If there are no tariffs, we're good.<img src="/uploads/store/photo/20666/image/large-201f067f6f67c1e0ebc53fb248c38e48.jpg" data-gid="gid://syiq/Photo/20666">Lastly, where do you see&nbsp;<a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a>&nbsp;in the next five years?We want to offer the best quality boats in the industry. We do believe that we have designs and design qualities which have taken us a huge step forward. We know that our seakeeping is fantastic, we know that our layouts are very appreciated, and we know that we have the technologies that make our boats even more efficient than they were before, so now we just need to screw it together.(*according to the number of 30m + superyachts delivered, based on SuperYacht Times iQ data.)&nbsp;<a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription"></a>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription" rel="noopener noreferrer" target="_blank" title=""><img src="/uploads/store/photo/23641/image/large-5807815e2703721ae6618b7a54d59cdb.png" data-gid="gid://syiq/Photo/23641"></a> This article is featured in the latest edition of the SuperYacht Times newspaper. <a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription">Subscribe now&nbsp;</a>to receive your copy straight to your door and never miss another issue.<a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription"></a>

Princess Yachts Executive Chairman Interview 

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Antony Sheriff

SYT sits down with Princess Yachts Executive Chairman, Antony Sheriff to learn how Princess is preparing for the future. 

Shooting with the Sheriff: 10 Questions with the Executive Chairman of Princess Yachts 

Netherlands-based marine electrical companies <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a> and <a data-gid="gid://syiq/Company/7180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tijssen Elektro (Company)">Tijssen Elektro</a> have joined forces to provide further services to the maritime community. From 1 June 2023, <a data-gid="gid://syiq/Company/7180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tijssen Elektro (Company)">Tijssen</a> will officially fall under the umbrella of the <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a> Group. <img src="https://photo-assets.superyachttimes.com/photo/272578/image/large-9ac400099a30d4992090ad355ee17e18.jpg" data-gid="gid://syiq/Photo/272578">The merger will bring the two companies together for the delivery of advanced electrical system integration systems for all types of yachts above 30-metres. The shared vision between <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a> and <a data-gid="gid://syiq/Company/7180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tijssen Elektro (Company)">Tijssen Elektro</a> allows the companies to expand on their portfolios while meeting the needs of those within the industry.&nbsp;"Our two families are uniting to deliver the best solutions for the yachting industry,” explained Gert Bravenboer, CEO at <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a>. “Fully complementary to each other, we are uniquely positioned to create value for existing and new customers. Together, we will be the go-to technology partner on all aspects of automation, electrification and digitalisation. From consulting, engineering and installation to commissioning, service and maintenance, it's a perfect fit."<img src="https://photo-assets.superyachttimes.com/photo/272577/image/large-150d4282ba9b14d3509de682379e56c2.jpg" data-gid="gid://syiq/Photo/272577">The merger will represent a new chapter in history for both <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a> and <a data-gid="gid://syiq/Company/7180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tijssen Elektro (Company)">Tijssen Elektro</a>. This will benefit not only both companies, but also the employees, customers and shareholders. This will allow them to provide even more innovative solutions and expand the complexity of their projects.“<a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a> is the best choice because the chemistry between the companies means we speak the same language and complement each other. The synergy is great because we stop where Alewijnse starts. Our combined portfolio will broaden all at once to cover yachts from 30 right up to 130 metres. Together, we form a one-stop-shop for every kind of yacht. That way we can completely unburden our customers," added Pedro Kappen, owner of <a data-gid="gid://syiq/Company/7180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tijssen Elektro (Company)">Tijssen Elektro</a>.<img src="https://photo-assets.superyachttimes.com/photo/272579/image/large-1444065a001052c048600aeb12470fcf.jpg" data-gid="gid://syiq/Photo/272579">

Electrical services companies Alewijnse and Tijssen Elektro merge

Alewijnse and Tijssen Elektro have joined forces to provide further services to the maritime community.

Alewijnse and Tijssen Elektro merge to strengthen yacht electrical services

A new yacht brokerage firm, <a data-gid="gid://syiq/Company/6982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karma Yachting (Company)">Karma Yachting</a>, has been founded by Mario Cicognani and Karin Paggi, professionals with a cumulative experience of 32 years in the purchase, sale, and construction of yachts ranging from 30 to 60 meters. The two brokers have joined forces to offer clients 'expertise, reliability, and a well-established network of industry experts'. <img src="https://photo-assets.superyachttimes.com/photo/272056/image/large-2b4ec4d37307b89e90bb6de5ad3616ee.jpg" data-gid="gid://syiq/Photo/272056">As Cicognani says, "Whether it involves a new build, purchasing, or selling superyachts, we are committed to providing a fully customised service that ensures flawless, fast, easy, and transparent processes. We place great importance on discretion and attentively listening to individual needs in order to meet our customers' requirements, while also ensuring a pleasant and stimulating customer experience."<img src="https://photo-assets.superyachttimes.com/photo/272057/image/large-dab6546dfb423f5d944a6565997e80c3.jpg" data-gid="gid://syiq/Photo/272057"><a data-gid="gid://syiq/Company/6982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karma Yachting (Company)">Karma Yachting</a> will offer its clients a boutique brokerage approach. As Paggi emphasises, "We serve as a constant point of reference and have established long-standing relationships with our customers based on trust. At <a data-gid="gid://syiq/Company/6982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karma Yachting (Company)">Karma Yachting</a>, clients are free to choose their degree of participation and involvement in the project at any time. We can offer our clients an extensive list of professionals to choose from, including lawyers, designers, surveyors, and management companies, based on their preferences, experience, and sensitivity. By listening to their wishes and expectations, we deliver a tailor-made service and always recommend the best possible solution."<img src="https://photo-assets.superyachttimes.com/photo/272055/image/large-f90b86a842173a5db10923173040de7a.jpg" data-gid="gid://syiq/Photo/272055">The name <a data-gid="gid://syiq/Company/6982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Karma Yachting (Company)">Karma Yachting</a>, in addition to being an amalgamation of the founders' names, also represents their philosophy of life, both in private and professional realms: to act in a correct and ethical manner.

Karma Yachting brokerage firm founded

A new yacht brokerage firm Karma Yachting has been founded by two Italian brokers. 

New yacht brokerage firm Karma Yachting has been launched

The Australian refit and maintenance yard <a data-gid="gid://syiq/Company/5437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Boat Works (Company)">The Boat Works</a> has expanded its capacity with a new 90-tonne travel lift. <a data-gid="gid://syiq/Company/5437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Boat Works (Company)">The Boat Works</a> now has five machines operating over both yards, lifting every type of vessel up to 300-tonnes. <img src="https://photo-assets.superyachttimes.com/photo/271396/image/large-262e69762e3293cdea5ebb23c818e1a5.jpg" data-gid="gid://syiq/Photo/271396">“To keep pace with demand, we decided to invest in this variable width, all-wheel drive machine,” &nbsp;explained <a data-gid="gid://syiq/Company/5437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Boat Works (Company)">The Boat Works</a> owner, Tony Longhurst. “It has an adjustable beam width narrowing the vessels footprint from 8 metres down to 5.5 metres allowing &nbsp;the team to maximise the vessel set down footprint. This is brilliant for boat storage as we can go &nbsp;narrow for the narrower runways and use it for packing boats in tight spots.”<img src="https://photo-assets.superyachttimes.com/photo/271403/image/large-7b2678db6b2f3538e335970d91427a01.jpg" data-gid="gid://syiq/Photo/271403">Built in Italy, the machine boasts unique Dynamic Steering Control (DSC), which its manufacturer defines as “allowing seamless transfer between 4 modes with infinite adjustment between each to allow &nbsp;progressive adjustment of the radius of rotation”. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/271400/image/large-ef3dbdd75e8fce9694a90fd655441dc6.jpg" data-gid="gid://syiq/Photo/271400">DSC is an innovative steering management system developed by Boat Lift. This system allows an operator to linearly move the axis of rotation in any position between the axis of the front wheels and the rear wheels. This makes it possible to significantly reduce the manoeuvring space required for the handling and storage of boats. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/271399/image/large-b8c8cfd255ccd65151a343b3828635b2.jpg" data-gid="gid://syiq/Photo/271399">The new 90-tonne Boat Lift is currently undergoing commissioning and will be ready to haul-out boats in June 2023. “The new Boat Lift gives us more flexibility, makes us more efficient and gives owners more &nbsp;options,” said Tony Longhurst. “We can lift wide multihulls and monohulls, and we can lift a lot more boats now. This new 90-tonne machine takes our service capability to a new level!”<img src="https://photo-assets.superyachttimes.com/photo/271397/image/large-12673dafa039aa1625d3ffaae6921e1d.jpg" data-gid="gid://syiq/Photo/271397">

The Boat Works welcome 90-tonne travel lift

Australian refit yard The Boat Works has welcomed a new 90-tonne travel lift from Italy. 

Australia's The Boat Works expands capacity with new 90-tonne travel lift

<a data-gid="gid://syiq/Company/3256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rivergate Marina & Shipyard (Company)">Rivergate Marina &amp; Shipyard</a>, based on the Brisbane River in Australia, is due to go onto the market in order to facilitate its next stage of development. The shipyard and marina, which is at this time a family owned business, was founded in 2006 and has gained an international reputation for its services and facilities. It has also been a pivotal destination for the growth of the Australian and Pacific superyacht industry. <img src="https://photo-assets.superyachttimes.com/photo/263278/image/large-831c2f4566a287e7110c038ff50d0d6f.jpeg" data-gid="gid://syiq/Photo/263278"><a data-gid="gid://syiq/Company/3256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rivergate Marina & Shipyard (Company)">Rivergate</a> Director Tom Hill commented, “This has been a difficult decision for our family-owned business, but we believe the time is right for a new owner to continue our work and oversee the next exciting phase of the Rivergate story.”Read:&nbsp;<a data-gid="gid://syiq/Article/57255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Investment, expansion and the rise in the Australian superyacht market: Director Tom Hill on Rivergate Marina (2023-03-29 16:00:00 +0200)">Investment, expansion and the rise in the Australian superyacht market: Director Tom Hill on Rivergate Marina</a> <img src="https://photo-assets.superyachttimes.com/photo/224514/image/large-e191b1448da2cf7d76e308e1624c2fe5.jpg" data-gid="gid://syiq/Photo/224514"><a data-gid="gid://syiq/Company/3256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rivergate Marina & Shipyard (Company)">Rivergate</a>’s facilities include 300-tonne and 75-tonne travel lifts, a 55-metre refit shed, hardstand, berthing for vessels up to 90 metres, 24-hour fuel wharf and more than 20 world-class marine trades on site. It features a 105-berth marina with all-tide deepwater access and 24-hour refuelling.Over recent years the shipyard has announced a number of major expansion plans, securing approval for $200 million AUD expansion in 2022. Plans include a state-of-the-art 3,000-tonne ship lift, SPMT transfer system, additional open hardstand space, refit sheds and support building, and in-water service berths suitable for a wide range of superyachts, commercial and Defence vessels.&nbsp;Hill added, “Australia is ideally placed to take more advantage of the buoyant global superyacht market, which &nbsp;has seen substantial pent-up demand to visit our region if there was more capability to service &nbsp;vessels over 50 metres,” Mr Hill said. &nbsp;“Any future expansion of Rivergate would also be excellent timing for the 2032 Olympic and &nbsp;Paralympic Games to be held in Brisbane, with industry expectations that the event will attract &nbsp;around 200 superyachts.” Mr Hill said Rivergate was known not only for the expertise and meticulousness of the tradespeople &nbsp;that refit and repair superyachts, but a level of customer service second to none. &nbsp;“With our strong global brand, highly experienced management team and staff in place and track &nbsp;record of successfully servicing hundreds of superyachts and commercial vessels over the past 17 &nbsp;years, Rivergate represents a rare market opportunity,” he said.

Rivergate Marina and Shipyard for sale

Rivergate Marina and Shipyard seeks new owner. 

Rivergate Marina and Shipyard seeks new owner

<a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> partner and long-term friend of the company Mario Veloná has passed away. <img src="https://photo-assets.superyachttimes.com/photo/270213/image/large-8c17263f0adcfdb613f5767a259ba046.jpg" data-gid="gid://syiq/Photo/270213">Mario was a successful yacht Captain before joining forces with fellow Captain Marco Vandoni to create Veloná Yachting in 1997. Veloná Yachting operated for a number of years before it became part of <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> in 2005.Mario continued as a Director and Broker before falling in love with the natural beauty and local culture of Costa Rica where he retired in 2018. An aggressive illness forced Mario to return to the South of France where, in the presence of Ayrton and Alex, he peacefully sailed away on Tuesday, 9th May.<img src="https://photo-assets.superyachttimes.com/photo/270214/image/large-c71ad4eb56cca87cc0cc66ffb8e0bdbf.jpg" data-gid="gid://syiq/Photo/270214">“Mario was an expert member of the yachting industry and gifted with a free spirit, genuine interest in people and immense charm. Mario will be fondly remembered and greatly missed by family and friends, his former colleagues at <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> and all who worked with him in the yachting industry,” commented <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>.A service will be held in Nice (Crematorium de la Metropole Nice) on Monday 15th May at 4pm. After that, friends are invited to get together in remembrance of Mario at “La Cambuse” in the Port of Cap D’Ail.

Ocean Independence partner Mario Veloná passes away

Ocean Independence partner and long-term friend of the company Mario Veloná has passed away.

From concept to completion, the new 4,300-tonne shiplift at <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a> was four years in the making at a cost of at least €70 million. A truly international venture, the project brought together contractors from half a dozen countries to resolve the many logistical, engineering and environmental challenges. We take a closer look at how it was done.<img src="https://photo-assets.superyachttimes.com/photo/261587/image/large-039002e970e80a7ca246214bed1d7e09.jpg" data-gid="gid://syiq/Photo/261587">It is difficult to appreciate the sheer scale of the new shiplift in <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">La Ciotat</a> unless you’re standing on top of it. The platform itself is 100 metres long, 20 metres wide, 2.7 metres deep and weighs 1,100 tonnes. It is now open for business, but the total redeveloped area covers 40,000 square metres and construction work continues on the peripheral infrastructures.The design and construction of a shiplift is composed of four principal activities: civil works, lift and transfer systems, platform fabrication, and installation followed by commissioning. The most cost-effective approach is for the shipyard to act as the general contractor and issue separate contracts for each of the activities. <img src="https://photo-assets.superyachttimes.com/photo/261585/image/large-76295cb817ddfe17c4cc27eb302e3055.jpg" data-gid="gid://syiq/Photo/261585"><a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a> divided the cost of the shiplift with <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">La Ciotat Shipyards</a>, the public company that manages the port area, but has spent an additional €13 million on adjacent facilities. The total stake represents a formidable asset for the refit shipyard, which can now host up to six more 100-metre plus superyacht on the hard, adding to an infrastructure that already includes a 2,000-tonne yacht lift, 600-tonne crane, 300-travel lift and 200-metre dry dock.&nbsp;Installing a shiplift in La Ciotat had been envisaged by <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> ever since it acquired a majority stake in <a data-gid="gid://syiq/Company/5474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CompositeWorks (Company)">CompositeWorks</a> in 2017. Work got under way the following year with preliminary simulations in compliance with French regulations and safety codes to determine the optimal size of the shiplift based on the land area available.“Every increase in lifting capacity is accompanied by an exponential increase in cost, so the final 4,300-tonne capacity represents the best balance between cost, commercial opportunities and the space we had to work with,” says Joe Degabriele, Senior Business Development Manager at <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a> tasked with commercialising the shiplift.<img src="https://photo-assets.superyachttimes.com/photo/261582/image/large-57990f9cf95d2e2aaa6476f37e7ec399.jpg" data-gid="gid://syiq/Photo/261582">Bardex Corporation, a US-based specialist in heavy load handling and positioning equipment, was contracted to oversee the design of the shiplift and transfer systems. In order to better understand the local business culture and practices, Bardex chose to partner with Matière SAS, a French engineering and construction company.“The design process starts by understanding the client’s needs and objectives for the facility, says Robert Taylor, senior structural engineer at Bardex. “We also investigate the site setting, access to and from the facility, the yard arrangement and the geological conditions. All of these inform us about the types of foundation system, yacht transfer arrangement and implementation plan that is most appropriate for the project.”Weight-liftingShiplifts are all about are speed and efficiency. In La Ciotat the entire process of lifting and positioning a yacht on the hard takes less than three hours, whereas the same procedure in a traditional graving dock requires the best part of a day. A shiplift can serve multiple parking places, but a dry dock usually hosts just one vessel at a time.&nbsp;The shiplift relies on very different technology from classic winches and cables. The Chain Jack Lift system is widely used in military shipyards for lifting warships and nuclear submarines. Powered by hydraulic rams, a chain jack hoists by engaging and pulling in a short length of chain, engaging a stop pin, retracting and repeating the process. <img src="https://photo-assets.superyachttimes.com/photo/261584/image/large-53a9dbfa280b0d59027c0314124af81d.jpg" data-gid="gid://syiq/Photo/261584">The system offers more precise movement of the platform than wire ropes or cables, which are prone to stretching (Lloyd’s requires 20 per cent of wire ropes to be removed and destructively tested each year and all wire ropes to be replaced every 5-10 years). La Ciotat has 20 chain jack units, 10 on each side of the pit, and each has two closed-loop chains for 100 percent redundancy.The lifting procedure is complex because it involves coordinating the motion of 20 devices connected to the same platform. The system moves one pitch, or two links of chain, each cycle for all 40 chains (factory tests show that the movement of the chain jacks can be coordinated to within one millimetre of each other). The entire lift system resets every cycle, which prevents the accumulation of differential elevation. To ensure all the units are working in perfect synchronisation, remote sensors relay the parameters in real-time to the central command system.“Hydraulic cylinders are ideally suited to shiplift operations because their movement is consistently precise,” says Taylor. “Bardex has further improved the synchronisation by equipping the lift stations and control system with hydraulic feedback motion control. This technology is widely used in heavy industrial robotic automation applications that require high precision motion control, such as special-purpose arc welding robots.”To guarantee an uninterrupted supply of electricity, the lifting system has its own dedicated substation with transformers supplied by the French division of the German company Schneider Electric. <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> invested in a further three substations for the supply of reliable shore power to the yachts and for refit work.<img src="https://photo-assets.superyachttimes.com/photo/261583/image/large-4166e0e83d90ea707fb10360c701a083.jpg" data-gid="gid://syiq/Photo/261583">Running on railsBuilt by Metallic Bridges Belgium (MBB), the actual platform had to be delivered by special transport. When a yacht enters the lifting pit and the chain jacks are activated, it comes to rest on a modular cradle that can be adjusted to suit the size of the vessel (<a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> ordered four such cradles from Schwartz Hautmont in Spain). As in a graving dock, divers assess that the ‘mating’ between hull and cradle is a snug and secure fit.&nbsp;Once the platform has been locked at ground level, the next phase is to transfer the yacht sideways off the platform and then longitudinally to a hard-standing space. Four-wheel bogies or trolleys constructed by Bardex Industries in South Korea are aligned under the cradle. The bogies, which have a passive hydraulic suspension system to raise the yacht and its cradle over the top of the chain jack units, run along 6.5km of intersecting rails built by Bemo Rails in The Netherlands and can change direction by lifting themselves off the tracks and turning their wheels 90 degrees. <img src="https://photo-assets.superyachttimes.com/photo/261597/image/large-cd3dfe47b75870da76a82b08717ad440.jpg" data-gid="gid://syiq/Photo/261597">The two axes of motion meant the rails and intersections had to be installed to a tolerance of +/- 5mm to ensure smooth transfers. Maintaining stability is obviously essential throughout the operation, especially when moving the yacht off the platform.“Transferring yachts laterally off the platform required careful coordination of the civil works, structural system and lift station elevations to ensure adequate clearance for the yacht and static supports to pass over the lift stations,” says Taylor. “This type of transfer operation also imposes unbalanced loads on the structural systems. Detailed engineering analysis and the use of hydraulically actuated pin supports were required to ensure the structure remains stable under this loading condition.” <img src="https://photo-assets.superyachttimes.com/photo/261598/image/large-46859a2c27c1aaa4e641dcc7c146976b.jpg" data-gid="gid://syiq/Photo/261598">There are five hard-standing places to the side of the platform and one in front of it (a 6th is a common area that can be used for short-term projects such as pre-purchase inspections). Once in position, the cradle is lowered to the ground, the bogies removed and the yacht hooked up to the shore power, fresh water and waste management systems. Anchoring points in the concrete are used for bracing scaffolding and tenting when the yachts need to covered. <img src="https://photo-assets.superyachttimes.com/photo/261599/image/large-5e0187dde33c13a6e4b502b4da2f46b1.jpg" data-gid="gid://syiq/Photo/261599">At the time of writing, the shiplift and transfer systems were approaching completion before final testing and certification by <a data-gid="gid://syiq/Company/554" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyds Ships (Company)">Lloyds Register</a> (shiplifts come under Lloyds’ Code for Lifting Appliances in a Marine Environment, excluding the civil engineering works). Despite the many technical and logistical challenges, the shiplift was on schedule for its official inauguration in September.&nbsp;“The most difficult thing has been organising all the different companies around the world and up to 200 personnel working on site each day, especially during the Covid pandemic,” says Mathieu Bauden, the man responsible for coordinating the works as Facilities &amp; Storage Manager at <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a>. “But it’s a great source of satisfaction that when we signed this project four years ago, we decided to open the platform on 15 September 2022. And that is still the opening date.”<img src="https://photo-assets.superyachttimes.com/photo/261591/image/large-603e1e48173db47dc861262e8eaf1093.jpg" data-gid="gid://syiq/Photo/261591">SHIPLIFT TRIVIA• The Syncrolift System was invented by Raymond Pearlson, who was later awarded the Sperry Award for his invention. The first Synchrolift in 1957 had a lifting capacity of 100 tons.&nbsp;• In 1967 Hydranautics, now Bardex Corporation, designed, patented, manufactured and delivered the first shiplift using chains instead of wire rope.&nbsp;• The Three Gorges Dam on the Yangtze in Central China has a shiplift for transferring vessels up to 3,000 tonnes across a vertical distance of 113 metres. The ship chamber has a pool of water 120 metres long by 18 metres wide and 3.5 metres deep.&nbsp;• The world’s largest shiplift dedicated exclusively to yachts is the 4,800-tonne shiplift at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Barcelona</a>. Commissioned in 2019, it was designed and supplied by Pearlson Shiplift Corporation.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>.

At the shipyard with MB92 La Ciotat

Justin Ratcliffe went behind the scenes for the unveiling of the new shiplift at MB92 La Ciotat.

How to build a shiplift with MB92 La Ciotat

<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> and Blue World Technologies have joined forces to drive innovation in the field of energy technology, marking a significant milestone for both companies. The strategic collaboration, which was officially announced in April 2023, underlines <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> commitment to advancing sustainable and future fuel technologies.<img src="https://photo-assets.superyachttimes.com/photo/270072/image/large-d78446a983817cb1eb4e1056f609e055.jpg" data-gid="gid://syiq/Photo/270072">Headquartered in Aalborg, Denmark, Blue World Technologies is a leading developer and manufacturer of high-temperature PEM fuel cells that run on methanol. The company's mission is to introduce energy-efficient and cost-effective methanol fuel cell technology to industries worldwide. It has been working closely with <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> as part of the Dutch superyacht builder's energy programme.<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> decision to partner with Blue World Technologies was influenced by the company's next-generation fuel cell technology, which offers higher efficiency and the potential for more energy-efficient vessel operation thanks to the quality of recoverable heat. Additionally, Blue World Technologies' focus on methanol aligns with <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> sustainability vision, which aims to reduce its carbon footprint and explore new ways to safeguard the environment.<img src="https://photo-assets.superyachttimes.com/photo/270071/image/large-f6b24d4406d4eecaec079447b99a4dd7.jpg" data-gid="gid://syiq/Photo/270071">According to Torben Mørch Sørensen, Marine Sales Director at Blue World Technologies, the collaboration presents a tremendous opportunity for both parties to share knowledge and drive innovation in pursuing a greener maritime industry. The partnership will involve close collaboration between builders and suppliers, with the Blue World Technologies team working closely with <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting's</a> Product Design Managers and Engineers toward implementing sustainable solutions in the company's products and projects."We are thrilled to be working with the team at Blue World Technologies," said Haico van Roeden, <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting Design</a> and Proposal Engineer. "Our shared ambition and goals align very well, and we look forward to exploring the opportunities this collaboration presents in the coming months." With a focus on sustainability and innovation, <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> and Blue World Technologies are poised to impact the yachting industry's future significantly.

Damen Yachting and Blue World Technologies partnership

Damen Yachting and Blue World Technologies have joined forces to drive innovation in the field of energy technology.

Damen Yachting and Blue World Technologies join forces to advance sustainable and fuel technologies

Italy-based yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has reported a significant improvement in Q1 2023 margins in their latest financial report. The Board of Directors at <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> reviewed and approved the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a>’s consolidated financial results for the first quarter of 2023 and reported an order backlog of €1.5 billion.<img src="https://photo-assets.superyachttimes.com/photo/269914/image/large-f008f2595c26a0e0ddc9ff1c03717d36.jpg" data-gid="gid://syiq/Photo/269914">Headquartered in Forlì, Italy, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> reported an order intake of €307.5 million in the first three months of 2023. The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a> also saw a 15.4 percent increase in the order backlog compared to 31 December 2022 due to strong demand on international markets.The order backlog is broken down into segments, with made-to-measure yachts responsible for approximately 37.7 percent of the order backlog and equivalent to €549.1 million as of 31 March 2023. Composite yachts reached €489.9 million, or 32.7 percent of the total backlog, superyachts made up 25.7 percent or €384.6 million of the backlog, and other businesses such as <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a> Sail and the (<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> Security Division) FSD made up €72.7 million, or 4.9 percent of the total backlog.<img src="https://photo-assets.superyachttimes.com/photo/262170/image/large-58ac563f0eedce204ff480d094b86af1.jpeg" data-gid="gid://syiq/Photo/262170">“The luxury yacht market continues to see strong expansion and, once again, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> shows vision and foresight, as witnessed by the important acquisition of Cantiere San Vitale, in Ravenna, the cornerstone of a future-looking growth strategy,” commented <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> CEO, Alberto Galassi.The total revenue for Q1 2023 surpassed €280 million, representing an increase of 9.3 percent compared to Q1 2022. The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> attributes this figure to the strong order backlog built in 2022.<img src="https://photo-assets.superyachttimes.com/photo/260867/image/large-5e5d5c3dcbe40ce54198eb723f80f847.jpeg" data-gid="gid://syiq/Photo/260867">When this revenue is broken down into geographical locations, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> found that approximately 48.2 percent of the total revenue for Q1 2023 came from Europe, Middle East, and Africa regions (EMEA.) The North America, Central America, and South America regions (AMAS) were responsible for 28.6 percent, while the Asia-Pacific region (APAC) accounted for 11.4 percent of the total revenue.&nbsp;The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> also revealed an increase of 26.6 percent for adjusted EBITDA for Q1 2023 compared to Q1 2022. This improvement has been attributed to a longer waiting and high order backlog which reflects pricing power, a larger presence in segments such as made-to-measure, and the economy of scale in purchasing with a more efficient fixed costs absorption.The overall net profit 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> was reported as €18.6 million in Q1 2023, representing an increase of 42 percent from Q1 2022, with a margin equivalent to 6.6 percent in Q1 2023, representing an increase of 120 basis points when compared to Q1 2022.<img src="https://photo-assets.superyachttimes.com/photo/243240/image/large-c8d44c405138c49644ebabd8896f5e94.jpg" data-gid="gid://syiq/Photo/243240">The huge interest shown by the financial community after the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a>’s first Capital Markets Day and the very positive financial results reported in Q1 2023, are another demonstration of our solidity and confirm once again that our shareholders and our customers were right to place their confidence in us,” concluded Alberto Galassi.

Ferretti Group reports €1.5 billion order backlog for Q1 2023 

The Ferretti Group has reported a significant improvement in Q1 2023 margins in their latest financial report compared to Q1 2022.

Ferretti Group announces €1.5 billion order backlog for Q1 2023 financial report

The <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Ordinary Shareholders’ Meeting has approved the Financial Statements for the year ended 31 December 2022. The meeting proposed the allocation of the more than €22 million profit, including the distribution of a dividend of €0.66 per share, gross of withholding tax. <img src="https://photo-assets.superyachttimes.com/photo/251953/image/large-55cc082ff4a9a8179c905e3cd857a19c.jpg" data-gid="gid://syiq/Photo/251953">The number of shares entitled to payment will be determined 3 May 2023, with the ex-dividend date on 2 May 2023 and payment on 4 May 2023. The dividend amount for the 2022 financial year is up by 10 percent from 2021 and corresponds to a pay-out of approximately 31 percent of the Group's net profit.<img src="https://photo-assets.superyachttimes.com/photo/268405/image/large-0fe4b56c7fa5bf4533eb5955ddd1c1c0.jpg" data-gid="gid://syiq/Photo/268405">During the Shareholders’ Meeting, chaired by <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> CEO Massimo Perotti, the Consolidated Financial Statements for the year ended 31 December 2022 were also presented. These showed Net revenues from the sale of new yachts equal to €740.7 million. This figure is up 26.4 percent compared to 2021’s figure of €585.9 million.&nbsp;The statement also showed that EBITDA (earnings before interest, taxes, depreciation, and amortization) were equal to €129.6 million, up by 37 percent compared to €94.6 million in 2021. The Group Net profit was up by 45.4 percent from 2021 and was equal to €74.2 million, while the net cash position was equal to €100.3 million, up by €61.3 million compared to €39 million as of 31 December 2021.<img src="https://photo-assets.superyachttimes.com/photo/250520/image/large-0a3fbeca280e8c3933c53ff570e0aa4f.jpg" data-gid="gid://syiq/Photo/250520">For the third year, the 2022 Consolidated Non-Financial Statement was prepared as a separate report from the financial statements and presented during the Shareholders’ meeting. This is in accordance with the requirements of Italian Legislative Decree 254/2016 and drawn up according to the GRI Universal Standards.The 2022 Consolidated Non-Financial Statement describes all the main activities performed by the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Group in relation to environmental, social, personnel, human rights, and anti-corruption issues through a 360-degree responsible approach that looks at product and process sustainability, human resources, supply chain, and the entire territory.<img src="https://photo-assets.superyachttimes.com/photo/7146/image/large-1ccb974245f810b85b1716f241cce43b.JPG" data-gid="gid://syiq/Photo/7146">The Ordinary Shareholders’ Meeting examined the report prepared by the Company’s Board of Directors on the policy regarding remuneration and fees paid. The “First section” of the Report on Remuneration, relating to the remuneration policy for members of administrative bodies, general managers, and managers with strategic responsibilities, was approved. The “Second section” of the report was resolved in a favorable sense.Following the resignation of Directors Marco Viti and Pietro Gussalli Beretta on 26 August 2022 and 14 March 2023, respectively, the Ordinary Shareholders’ Meeting reduced the Board of Directors to 10 members, compared to 12 as determined by the Ordinary Shareholders’ Meeting of 28 April 2022. <img src="https://photo-assets.superyachttimes.com/photo/111105/image/large-e1d1a7477975847b6730979de19d203b.png" data-gid="gid://syiq/Photo/111105">The members of the Board of Directors, which will remain in office up to 31 December 2024, are, therefore, the following: Massimo Perotti, Paolo Olivieri, Ferruccio Rossi, Carla Demaria, Cecilia Maria Perotti, Licia Mattioli, Silvia Merlo, Leonardo Luca Etro, Francesca Culasso and Marco Francesco Mazzù.

Sanlorenzo Ordinary Shareholders’ Meeting approves 2022 financial statements

The Sanlorenzo Ordinary Shareholders’ Meeting has approved the Financial Statements for the year ended 31 December 2022.

Sanlorenzo reports €740m net revenue from sale of new yachts for 2022

In recent years, the consensus within the superyacht industry has been that ‘biggest is best’, yachts are getting larger every year and superyacht news is dominated by the biggest names on the water. The tiny (by comparison) stars of the yacht construction industry, however, are the yacht’s model counterparts that take pride of place among their paramours and whose builders can hold their own against any of the yachting giants. Take a short walk along the dock at the <a data-gid="gid://syiq/Event/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2022">Monaco Yacht Show</a>, step into the studio of any designer or yacht club, and it is not only the on-water vessels that steal the limelight, it is also the models that represent them. <img src="https://photo-assets.superyachttimes.com/photo/267544/image/large-04b01483d98697bc4faddb35c1eb3895.jpeg" data-gid="gid://syiq/Photo/267544">Historically, yacht hull models were used to help owners select their next vessel, and then they were used to commemorate the yacht on the water, displayed in pride of place within the homes of the owner or the club they raced with. While these uses still abound, today shipyards and designers use superyacht models to display their work, unveil new superyacht designs and to record previous models in perpetuity. We spoke with a few of the companies that pioneer within the yacht model industry, and experts shared their thoughts on the value and importance that the models represent.One company whose models become talking points of their own and which never fail to attract the crowds at any yacht show are <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>’s. The shipyard is known worldwide for its work on future yacht concepts, designed in collaboration with <a data-gid="gid://syiq/Company/5009" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lateral Naval Architects (Company)">Lateral Naval Architects</a> and the craftsmen behind these extraordinary models are <a data-gid="gid://syiq/Company/7126" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scale Models Weston (Company)">Scale Models Weston</a>. Based in Colchester, England, the model makers have been collaborating with the shipyard that is at the forefront of cutting-edge yacht design for years. Jason Shearman, Director of the company explained “The details and technology that we incorporate into the <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> models always make for an interesting project and the models produced are a stunning replica of their design flair and showcase our skilled craftsmanship to its full extent.” <img src="https://photo-assets.superyachttimes.com/photo/267556/image/large-25ce98ba119ff6169fdeac1b30f6c52f.jpg" data-gid="gid://syiq/Photo/267556"><a data-gid="gid://syiq/Company/7126" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scale Models Weston (Company)">Weston</a> are a boutique organisation, with a permanent four man team, the craftsmen's ranks are bolstered during busy show seasons with freelance model craftsmen. One of the larger fish in the model-making industry is the Italian company <a data-gid="gid://syiq/Company/4884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Model Maker Group (Company)">ModelMakerGroup</a>, and with over 30 craftsmen, the company builds nearly 400 models a year for top industry names across the globe. The sentiment shared by all of the experts that we spoke to is that yacht models have a vital role to play within the wider industry, bringing drawings to life and giving designers, owners and shipyards the opportunity to touch, feel and investigate a design before metal is cut. Giuseppe Capobianco of <a data-gid="gid://syiq/Company/4884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Model Maker Group (Company)">ModelMakerGroup</a> explains, “Most of the yacht’s we model are yet to be presented to the market, meaning that confidentiality is a must. It also means that our workshops are filled with the vessels of the future, and a tour of our studios would give you a real sense of how the industry develops every year.” <img src="https://photo-assets.superyachttimes.com/photo/267545/image/large-12594031a04e3e845fa0752cd34d87d0.jpg" data-gid="gid://syiq/Photo/267545">While an onlooker may see yacht models as a toy, like a model car, yacht model construction is a painstaking process that takes months to complete and, as Jason touched on, can feature complex technology. Many of the models we see at yacht shows today are malleable, with parts that can be moved, removed, added to, some even including hydraulic features.Jason Shearman of <a data-gid="gid://syiq/Company/7126" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scale Models Weston (Company)">Weston</a> added, “Our models provide a focal point for a marketing stand at an exhibition, board room, or as pride of place on the actual vessel. I believe a model superyacht helps to ignite the imagination of the viewer and creates a visual representation of the lifestyle a real yacht could offer. The features included on some recent superyachts that we have produced have really helped to bring the space to life, from a spa with scent diffuser triggered when the door is opened, to a tiny HDTV installed in the seating area for movie nights under the stars, there is a huge scope in utilising technology to showcase what life aboard could really be like.”<img src="https://photo-assets.superyachttimes.com/photo/267546/image/large-3b111e9247cecc105e79f435223c370f.jpg" data-gid="gid://syiq/Photo/267546">Brian Klassen, who builds yacht models at his studio in Canada for the yachting and commercial ship building industries believes that models have a vital role to play in the wider industry, despite the improvement in rendering technology. “Models are extremely valuable because not everyone can understand drawings or visualize a new concept. Renderings and videos provide good presentations, but a scale model can be viewed from all angles by a single viewer or multiple viewers gathered around a real, tangible representation, not a screen.”<img src="https://photo-assets.superyachttimes.com/photo/267559/image/large-324a04fe016e2e09313dc7dc9ad5cba4.jpg" data-gid="gid://syiq/Photo/267559">It's not only within the models themselves that technology comes into play. Like the shipyards themselves, automation and advancing tech is shaping the way models are produced. Guiseppe Capobianco explains, “In almost 20 years of model making we have tested different techniques, invested in technology and researched new production practices. We introduced 3D printing 18 years ago and recently we introduced a new innovative 3D printer to reproduce more realistic details. This machine completely changes the way of designing intricate details within the models and enables us to go deeper into the superyacht design.”<img src="https://photo-assets.superyachttimes.com/photo/267558/image/large-9d1fbce5de10595a6b9481420b9f9723.jpg" data-gid="gid://syiq/Photo/267558">The technology within the sector is increasing every year, and AR is becoming more commonplace both on superyachts, and their models. With the demographic of superyacht owners shifting to the next generation, the tech industry is melding with yachting and owner’s expectations for interactivity are changing. “The idea that we can seamlessly connect the real world with the virtual is intriguing and an area that I believe will enhance the model making industry,” explained Jason, “with the overall look and feel of the yacht to be found on the model and the finer details such as the cabins and décor to be overlayed in the virtual world, offering a fully immersive experience.”This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-44" target="_blank">Issue 44 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>.

Scale superyacht models and their makers

Scale models may be small, but they have a hugely important role in the yachting industry. We found out more.

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Small yachts, big impact: A closer look at the scale model industry

UK-based <a data-gid="gid://syiq/Company/5025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andy Waugh Yacht Design (Company)">Andy Waugh Yacht Design</a> has unveiled the renderings for a new 80-metre superyacht concept, Decadence. The concept takes inspiration from the automotive and aeronautical industries, while embodying the spirit of 1920s motor racing.<img src="https://photo-assets.superyachttimes.com/photo/272931/image/large-04096a5b63816c81ff56ec7fd9c511d7.jpg" data-gid="gid://syiq/Photo/272931">Decadence features a small-waterplane-area twin hull (SWATH), which minimises the cross section area at the sea’s surface. “Small-waterplane-area-twin-hull’ vessels are catamarans with submerged, cylindrical hulls attached to a central body by ‘stilts’ of minimal cross section,” explains Andy Waugh. <img src="https://photo-assets.superyachttimes.com/photo/272924/image/large-4483e976c4ab3081a034c37550131e01.jpg" data-gid="gid://syiq/Photo/272924">“As a result Decadence could achieve a reduction in pitch and roll movements of around 70 percent over a conventional monohull, vastly improving both comfort and safety onboard.” <img src="https://photo-assets.superyachttimes.com/photo/272925/image/large-8791139121baa14192d9be1b6ce3d7a2.jpg" data-gid="gid://syiq/Photo/272925">Decadence boasts a 30-metre beam and an interior volume of 5,000 GT, with her SWATH hull opening up to provide a plethora of opportunities for her interior layout. One of these options allows the owner to choose a large master suite measuring 20-metres wide, 30-metres long, with three-metre high ceilings. <img src="https://photo-assets.superyachttimes.com/photo/272927/image/large-ff8390d8555f00083e02a40f7bd62cf3.jpg" data-gid="gid://syiq/Photo/272927">The excessive beam onboard Decadence has been coupled with increased stability to operate in adverse weather conditions. Her design also allows for the storage of two 14-metre chase boat tenders from Skyline Yachts.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/55677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Serafina: The 70m superyacht concept from Andy Waugh Yacht Design (2022-08-02 12:30:00 +0200)">Serafina: The 70m superyacht concept from Andy Waugh Yacht Design<img src="https://photo-assets.superyachttimes.com/photo/272932/image/large-08151c2eba19bc6bbf0593889e93b10a.jpg" data-gid="gid://syiq/Photo/272932"></a>In terms of performance, Decadence is equipped with a radical propulsion system which, when combined with its slender hulls, should reduce energy use by around 30 percent minimising refueling frequency.<img src="https://photo-assets.superyachttimes.com/photo/272928/image/large-ae572e877f67bf3f2611ca9437738ca8.jpg" data-gid="gid://syiq/Photo/272928">Andy Waugh Yacht Design was established in 2010 and has already been making waves in the industry. The company is currently working on their first 100+-metre new-build commission for an American tech billionaire.<img src="https://photo-assets.superyachttimes.com/photo/272934/image/large-8ac51d76d155dc40e3cd8bbfffd23d7d.jpg" data-gid="gid://syiq/Photo/272934">Read: <a data-gid="gid://syiq/Article/55031" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts to build 100m+ superyacht for an American Tech-Billionaire (2022-04-26 15:45:00 +0200)">Dörries Yachts to build 100m+ superyacht for an American Tech-Billionaire</a>The project is currently in the engineering phase at the Bremen, Germany facility of Dörries Yachts. The project is scheduled to be delivered in 2025.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/272929/image/large-8d9be942580d9d3febc8271ae1c8ba96.jpg" data-gid="gid://syiq/Photo/272929">

80m Decadence superyacht concept by Andy Waugh Yacht Design 

Andy Waugh Yacht Design has unveiled the renderings for a new futuristic 80m superyacht concept, Decadence, based on 1920s motor racing.

Introducing Decadence: the 80m futuristic superyacht concept based on 1920s motor racing

The 61.3-metre <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> motor yacht <a data-gid="gid://syiq/Yacht/425" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Katharine61.5m (201'9&quot;)CRN2000">Katharine</a> is the 13th largest superyacht to emerge from the Italian shipyard. She was delivered in 2000 and, in 2017, underwent an extensive refit, which combined her timeless opulence with sophisticated technology. <img src="https://photo-assets.superyachttimes.com/photo/187695/image/large-60dcf9d71bdeb876bfd92c9978139749.jpg" data-gid="gid://syiq/Photo/187695"><img src="https://photo-assets.superyachttimes.com/photo/185421/image/large-7c0ec1b988a0d6aadef671ddabb558e5.jpg" data-gid="gid://syiq/Photo/185421"><a data-gid="gid://syiq/Yacht/425" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Katharine61.5m (201'9&quot;)CRN2000">Katharine</a>&nbsp;features naval architecture and an exterior design by <a data-gid="gid://syiq/Company/135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Scanu srl (Company)">Studio Scanu</a> and a distinctive interior by <a data-gid="gid://syiq/Company/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuretti Interior Design (Company)">Zuretti Interior Design</a>. <a href="https://www.superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">SuperYachtTimes</a> takes a closer look at the interiors of the expansive 1,049 GT superyacht.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/187681/image/large-b32c08d85d25c7d3af38f387318ed6a2.jpg" data-gid="gid://syiq/Photo/187681" 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;"> <img src="https://photo-assets.superyachttimes.com/photo/187693/image/large-d39ef2a3f14f866e347b024253e40bcc.jpg" data-gid="gid://syiq/Photo/187693">Entering the main saloon, the highly detailed and skilfully crafted wooden panelling contrasts with the neutral tones of the ceiling and furniture, exuding an elegance reminiscent of a French chateau. The main saloon is comprised of palatial plush sofas, exquisite art, and a grand piano creating the perfect home away from home ambiance. It is the ideal setting for reading, savouring cocktails or even selecting a movie from the extensive collection of over 320 films.<img src="https://photo-assets.superyachttimes.com/photo/187680/image/large-6d0d0f60bb8b90d9de81bd68ebda7c12.jpg" data-gid="gid://syiq/Photo/187680"><img src="https://photo-assets.superyachttimes.com/photo/187692/image/large-e514b744e235c2c20b51fc28bc46c475.jpg" data-gid="gid://syiq/Photo/187692"><img src="https://photo-assets.superyachttimes.com/photo/187691/image/large-ac38967cd8fe561965f0834335691315.jpg" data-gid="gid://syiq/Photo/187691"><img src="https://photo-assets.superyachttimes.com/photo/187693/image/large-d39ef2a3f14f866e347b024253e40bcc.jpg" data-gid="gid://syiq/Photo/187693"><a data-gid="gid://syiq/Yacht/425" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Katharine61.5m (201'9&quot;)CRN2000">Katharine</a> is able to accommodate as many as 12 guests in unparalleled luxury and comfort across six staterooms. Each of the staterooms radiates elegant opulence. The full-beam master suite, named the Chris Smith Master Suite, features a romantic window seat as well as an expansive lounge area. His-hers marble bathrooms meticulously contrast with the dark-toned crafted wooden panels.<img src="https://photo-assets.superyachttimes.com/photo/187689/image/large-2fa1558b9c7852a1400e61a5f9fdcf44.jpg" data-gid="gid://syiq/Photo/187689"><img src="https://photo-assets.superyachttimes.com/photo/187686/image/large-9fbdc774d23c3f86d553c4a11afd5141.jpg" data-gid="gid://syiq/Photo/187686"><img src="https://photo-assets.superyachttimes.com/photo/187683/image/large-951542c5fcea6f5975986d2588403c51.jpg" data-gid="gid://syiq/Photo/187683"><img src="https://photo-assets.superyachttimes.com/photo/187687/image/large-283fc0306bf1968372feb9216dc53fe8.jpg" data-gid="gid://syiq/Photo/187687">As for the VIP stateroom, known as the John Hacker VIP Stateroom, it boasts panoramic windows, a reading nook, and a luxurious marble and onyx bathroom with both a bath and shower. The three double and twin guest suites are all equipped with ensuite marble shower rooms, providing additional accommodations of utmost comfort.<img src="https://photo-assets.superyachttimes.com/photo/187685/image/large-302aa8eec2e698dd1d505604413041ce.jpg" data-gid="gid://syiq/Photo/187685" 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;"><img src="https://photo-assets.superyachttimes.com/photo/187682/image/large-0045003f5733f628dd0a4222ea264dfc.jpg" data-gid="gid://syiq/Photo/187682">The spacious practicalities and the stately interior style overflow into the exterior spaces. The main aft deck offers ample seating, ideal for relishing the views or enjoying pre-dinner cocktails and canapes.<img src="https://photo-assets.superyachttimes.com/photo/187676/image/large-bbd86271cd9d3e9654a19160e57bfa9b.jpg" data-gid="gid://syiq/Photo/187676"><img src="https://photo-assets.superyachttimes.com/photo/187672/image/large-a7aa60aacef13e03e437447ac0daf299.jpg" data-gid="gid://syiq/Photo/187672"><img src="https://photo-assets.superyachttimes.com/photo/187674/image/large-9f1894c58b23fd890a569cc9ddf77f99.jpg" data-gid="gid://syiq/Photo/187674"><img src="https://photo-assets.superyachttimes.com/photo/187675/image/large-df614d058fdce35ad8b975d511bb0455.jpg" data-gid="gid://syiq/Photo/187675">As for the expansive sundeck, it entices guests to spend their time outdoors with an elaborately crafted oversized Jacuzzi adorned with wooden panelling on the side. It also features a round wooden table with seating for all guests onboard for an idyllic alfresco dining experience with unobstructed panoramic views. &nbsp;A day head shower is also available for added convenience. <img src="https://photo-assets.superyachttimes.com/photo/187677/image/large-9e8adbdc39c22927036eb08039023285.jpg" data-gid="gid://syiq/Photo/187677"><img src="https://photo-assets.superyachttimes.com/photo/187678/image/large-e30368a6bb8e17abfcb545c27acd3269.jpg" data-gid="gid://syiq/Photo/187678">The motor yacht <a data-gid="gid://syiq/Yacht/425" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Katharine61.5m (201'9&quot;)CRN2000">Katharine</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)">Catepillar</a> engines which give her a cruising speed of 14 knots and a top speed of 15 knots. <img src="https://photo-assets.superyachttimes.com/photo/187669/image/large-9ec99be5c85b0949520654cd7af1cd9d.jpg" data-gid="gid://syiq/Photo/187669"><a data-gid="gid://syiq/Yacht/425" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Katharine61.5m (201'9&quot;)CRN2000">Katharine</a> is currently available for charter with <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a>.&nbsp;

Onboard 61m CRN yacht Katharine 

Take a closer look onboard the 13th largest superyacht to emerge from CRN,  61.3-metre Katharine, showcasing palatial interiors. 

Onboard 61m CRN superyacht Katharine showcasing a chateau-inspired design

<a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA Yachts</a> has announced the launch of the 44.3-metre superyacht <a data-gid="gid://syiq/Yacht/9082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="UV II44.3m (145'4&quot;)ISA Yachts2023">UV II</a> from the Ancona, Italy shipyard. The <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> Gran Turismo 45 series yacht is characterised by her strong, sporty lines and plumb bow. <img src="https://photo-assets.superyachttimes.com/photo/272918/image/large-cd88f05311c42af2fc549e537b183128.jpg" data-gid="gid://syiq/Photo/272918">Christened <a data-gid="gid://syiq/Yacht/9082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="UV II44.3m (145'4&quot;)ISA Yachts2023">UV II</a>, the motor yacht features key design features of the <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> brand DNA, such as her side arches which connect her three decks. <a data-gid="gid://syiq/Yacht/9082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="UV II44.3m (145'4&quot;)ISA Yachts2023">UV II</a> features exterior design by <a data-gid="gid://syiq/Company/1197" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Team for Design - Enrico Gobbi (Company)">Team for Design - Enrico Gobbi</a>, with naval architecture from Palumbo Superyachts. The client was introduced by Peter Redford and Eugenio Cannarsa of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> Australia.<img src="https://photo-assets.superyachttimes.com/photo/272917/image/large-39d631fae69d4da059869231ada3ef8d.jpg" data-gid="gid://syiq/Photo/272917"><a data-gid="gid://syiq/Yacht/9082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="UV II44.3m (145'4&quot;)ISA Yachts2023">UV II</a> showcases large windows which can be opened on all decks to highlight her harmonious interior design. She is adorned with a colour palette of golds, sand and turquoise shades, penned 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>. <img src="https://photo-assets.superyachttimes.com/photo/272920/image/large-c6fe2373884b91b56331d7e978914b3b.jpg" data-gid="gid://syiq/Photo/272920">The 430 GT yacht features a full-beam owner’s stateroom on the main deck forward, with an entrance hall, his-and-hers sinks in her ensuite bathroom, a walk-in wardrobe and a private balcony. The area also has direct access to the forward outdoor lounge via a private staircase. <iframe width="640" height="360" src="https://player.vimeo.com/video/833607840?share=copy" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> The remaining guest accommodation onboard <a data-gid="gid://syiq/Yacht/9082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="UV II44.3m (145'4&quot;)ISA Yachts2023">UV II</a> consists of four ensuite VIP suites, two of which include twin beds which can be made into doubles. <a data-gid="gid://syiq/Yacht/9082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="UV II44.3m (145'4&quot;)ISA Yachts2023">UV II</a> also has a five-metre tender stowed in the side-opening starboard garage on the lower deck.<img src="https://photo-assets.superyachttimes.com/photo/272922/image/large-05f07083b1895c7262f421ce81881853.jpg" data-gid="gid://syiq/Photo/272922"><img src="https://photo-assets.superyachttimes.com/photo/272923/image/large-e1292ff7f8d6f6c7e22966bbe8be4da7.jpg" data-gid="gid://syiq/Photo/272923">Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/9082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="UV II44.3m (145'4&quot;)ISA Yachts2023">UV II</a> is equipped with twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> C32 ACERT engines, which deliver her with a top speed of 16 knots and a cruising speed of 14.5 knots. <img src="https://photo-assets.superyachttimes.com/photo/272919/image/large-bc4c0558c1249f50a50d38d504e51687.jpg" data-gid="gid://syiq/Photo/272919"><a data-gid="gid://syiq/Yacht/9082" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="UV II44.3m (145'4&quot;)ISA Yachts2023">UV II</a> will make her world debut at both the <a data-gid="gid://syiq/Event/172" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2023 - 2023">Cannes Yachting Festival 2023</a> and the <a data-gid="gid://syiq/Event/182" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2023">Monaco Yacht Show 2023</a>. <img src="https://photo-assets.superyachttimes.com/photo/272921/image/large-8aed86cf367873fc854b60b31d42bb2e.jpg" data-gid="gid://syiq/Photo/272921">

ISA superyacht UV II launched

The 44m ISA yacht UV II has been launched from the Ancona, Italy shipyard.

Video: 44m ISA superyacht UV II launched in Ancona

The 46.57-metre <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> superyacht <a data-gid="gid://syiq/Yacht/4739" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PetraTara46.57m (152'9&quot;)Admiral2014">Petratara</a> sold in a deal with Savvas Kontrafouris of <a data-gid="gid://syiq/Company/6674" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emperio Yachting Alliance (Company)">Emperio Yachting Alliance</a> introducing the buyer and Richard Gray of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/258163/image/large-cce714d705ee56ba44f84cf91a318e26.png" data-gid="gid://syiq/Photo/258163">Delivered in 2014, <a data-gid="gid://syiq/Yacht/4739" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PetraTara46.57m (152'9&quot;)Admiral2014">Petratara</a> remains in pristine condition following an extensive refit in 2019. She features exterior design from the Italian studio <a data-gid="gid://syiq/Company/58" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luca Dini Design & Architecture (Company)">Luca Dini</a> and naval architecture by <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>, while her stylish interior was curated by <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> Centro Stile and <a data-gid="gid://syiq/Company/4899" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dragana Maznic (Company)">Dragana Maznic</a>.<img src="https://photo-assets.superyachttimes.com/photo/258180/image/large-85720f2c3480e72bb7b90694def0496c.png" data-gid="gid://syiq/Photo/258180"><img src="https://photo-assets.superyachttimes.com/photo/258170/image/large-d0d532e971954883bebdb4ccdb1063aa.png" data-gid="gid://syiq/Photo/258170"><a data-gid="gid://syiq/Yacht/4739" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PetraTara46.57m (152'9&quot;)Admiral2014"><img src="https://photo-assets.superyachttimes.com/photo/258171/image/large-8e6e1e43899468c1076428f5d645b4ef.png" data-gid="gid://syiq/Photo/258171"><img src="https://photo-assets.superyachttimes.com/photo/258173/image/large-c92c558a3edd08bfda9c4deee6cda74b.png" data-gid="gid://syiq/Photo/258173">Petratara</a> boasts a spacious and modern interior filled with plenty of natural light. She can sleep up to 12 guests across five sumptuous staterooms with ensuites, including a full-beam master suite with sea views. She can also accommodate up to nine crew to attend to her guests' needs.<img src="https://photo-assets.superyachttimes.com/photo/258166/image/large-e230f7e02c43fc1222a278c298c432fc.png" data-gid="gid://syiq/Photo/258166"><img src="https://photo-assets.superyachttimes.com/photo/258182/image/large-bb1c459eb44269ecbee4498784610bf2.png" data-gid="gid://syiq/Photo/258182"><img src="https://photo-assets.superyachttimes.com/photo/258184/image/large-47749e100ec6dcb28c5e8594cb2a86bf.png" data-gid="gid://syiq/Photo/258184">&nbsp;Key highlights onboard <a data-gid="gid://syiq/Yacht/4739" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PetraTara46.57m (152'9&quot;)Admiral2014">Petratara</a> include her alfresco lounge areas, outdoor gym equipment, and an aft-facing Jacuzzi. Her luxurious beach club also provides easy access to the water's edge, where guests can make the most of the yacht’s water toys.<img src="https://photo-assets.superyachttimes.com/photo/258183/image/large-52e1bb367de093bbf54a80d1b384bd92.png" data-gid="gid://syiq/Photo/258183"><img src="https://photo-assets.superyachttimes.com/photo/258165/image/large-c45f34fd3551a3c24389f7c2f8328c41.png" data-gid="gid://syiq/Photo/258165">Performance-wise, the 499 GT yacht is equipped with 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 top speed of 16 knots and a cruising speed of 12 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/4739" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PetraTara46.57m (152'9&quot;)Admiral2014">Petratara</a> had a last known asking price of $17,500,000.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/258164/image/large-ffa9f0a12d05c41d6a3e920bb43cb0ce.png" data-gid="gid://syiq/Photo/258164">

Admiral superyacht Petratara sold

The 47m Admiral superyacht Petratara sold with a last known asking price of $17,500,000.

47m Admiral superyacht Petratara sold

The 46.8-metre <a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman (Company)">Royal Huisman</a> sailing yacht <a data-gid="gid://syiq/Yacht/10110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nilaya46.8m (153'7&quot;)Royal Huisman2023">Nilaya</a> has been delivered following the completion of her sea trials in the North Sea off Amsterdam. During these trials, the custom sailing yacht proved her worth with an impressive display of performance.<img src="https://photo-assets.superyachttimes.com/photo/272857/image/large-1a4a350eb1432ab423c7bbf527c0e16a.jpg" data-gid="gid://syiq/Photo/272857">“A full day in beautiful sunny and windy weather in the North Sea off Amsterdam showed how <a data-gid="gid://syiq/Yacht/10110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nilaya46.8m (153'7&quot;)Royal Huisman2023">Nilaya</a>’s performance under sail is truly outstanding,” explained Mario Pedol of <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>. “By the time the mainsail was hoisted the breeze had built to a steady 18 knots.”<img src="https://photo-assets.superyachttimes.com/photo/272860/image/large-be39f17858ef44c833829754df782fbd.jpg" data-gid="gid://syiq/Photo/272860">The high-performance cruiser sloop began construction in 2020, with the Dutch shipyard announcing the turning of her hull in 2021. Also known as Project 405 and Reichel / Pugh Nauta 154, <a data-gid="gid://syiq/Yacht/10110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nilaya46.8m (153'7&quot;)Royal Huisman2023">Nilaya</a> features naval architecture from the boards of <a data-gid="gid://syiq/Company/521" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Reichel / Pugh Yacht Design (Company)">Reichel / Pugh Yacht Design</a> with Nigel Ingram of <a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">MCM</a> Newport acting as the owners’ project manager on the build.<img src="https://photo-assets.superyachttimes.com/photo/272916/image/large-29be1bfe9a4b4de4eeea9482d65f24da.jpg" data-gid="gid://syiq/Photo/272916">Christened <a data-gid="gid://syiq/Yacht/10110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nilaya46.8m (153'7&quot;)Royal Huisman2023">Nilaya</a>, which means 'blissful home', she boasts an impressive interior and exterior design from <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 employs the shipyard's new Featherlight method. Designer Mario Pedol also believes that the studio’s specific request for longitudinal stiffness, to boost performance, was fully met using thorough and deep final element structural analysis.Read:&nbsp;<a data-gid="gid://syiq/Article/56900" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="In pictures: 47m Royal Huisman sailing yacht Nilaya launched (2023-02-07 10:00:00 +0100)">In pictures: 47m Royal Huisman sailing yacht Nilaya launched<img src="https://photo-assets.superyachttimes.com/photo/272855/image/large-16d9883c8f1ba3e4a89a1bca60139835.jpg" data-gid="gid://syiq/Photo/272855"></a>“We sailed on a broad reach with the mainsail and Code Zero and rapidly reached a truly impressive 17 knot speed. It was just the beginning of a great day of sailing with the owner and all of the main players of his and the builder’s teams. This fantastic yacht showed to really match all of the quite demanding main aspects of the owners’ brief,” commented Mario Pedol.&nbsp; <iframe width="640" height="360" src="https://player.vimeo.com/video/833429367" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> <a data-gid="gid://syiq/Yacht/10110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nilaya46.8m (153'7&quot;)Royal Huisman2023">Nilaya</a> has been designed to combine both performance and comfort and features a straight bow, wide transom and twin rudders. Many elements of <a data-gid="gid://syiq/Yacht/10110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nilaya46.8m (153'7&quot;)Royal Huisman2023">Nilaya</a> have been constructed in carbon composite, including the trunk of the keel, the deckhouse, the guest cockpit and hardtop, all of which were manufactured at <a data-gid="gid://syiq/Company/458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rondal B.V. (Company)">Rondal</a>.<img src="https://photo-assets.superyachttimes.com/photo/272861/image/large-fe1b800381480332ca0284fffa51cfe1.jpg" data-gid="gid://syiq/Photo/272861">“<a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman (Company)">Royal Huisman</a> masterfully succeeded in engineering and building the yacht, fulfilling the owner’s request in terms of robustness, reliability, quietness and last but not least amazing performance under sail, thanks to super high level <a data-gid="gid://syiq/Company/521" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Reichel / Pugh Yacht Design (Company)">Naval Architecture by Reichel/Pugh Yacht Design</a>,” added Mario Pedol.Read:&nbsp;<a data-gid="gid://syiq/Article/57298" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="47m Royal Huisman sailing yacht Nilaya christened in Amsterdam (2023-04-03 16:00:00 +0200)">47m Royal Huisman sailing yacht Nilaya christened in Amsterdam<img src="https://photo-assets.superyachttimes.com/photo/272858/image/large-c43d18f848e63f6a72fe82f13e92f0b9.jpg" data-gid="gid://syiq/Photo/272858"></a>Built for experienced owners, <a data-gid="gid://syiq/Yacht/10110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nilaya46.8m (153'7&quot;)Royal Huisman2023">Nilaya</a> is able to accommodate up to 10 guests across five staterooms as well as a crew of eight in four cabins.<img src="https://photo-assets.superyachttimes.com/photo/272856/image/large-cf854a0b30c48be42853698dd9166bfc.jpg" data-gid="gid://syiq/Photo/272856"><a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman (Company)">Royal Huisman</a> CEO Jan Timmerman called <a data-gid="gid://syiq/Yacht/10110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nilaya46.8m (153'7&quot;)Royal Huisman2023">Nilaya</a>’s departure bittersweet. “We are always a bit sad to see one of our yachts sail away; it’s a bit like a child leaving home. At the same time, we are proud to have delivered another unique vessel, especially one that advances innovative engineering and build technology."<img src="https://photo-assets.superyachttimes.com/photo/272910/image/large-3b8bb711bde9d89ff88b3b5f80a6f359.jpg" data-gid="gid://syiq/Photo/272910"><img src="https://photo-assets.superyachttimes.com/photo/272911/image/large-b932b46769f3108ca13bd9d4719423fc.jpg" data-gid="gid://syiq/Photo/272911">"<a data-gid="gid://syiq/Yacht/10110" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nilaya46.8m (153'7&quot;)Royal Huisman2023">Nilaya</a> is a milestone in composite superyachts in the truest sense of the word and another fine example of <a data-gid="gid://syiq/Company/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Huisman (Company)">Royal Huisman</a>’s ability to provide owners with the ultimate expression of personal freedom. We wish her owners and all onboard fair winds and following seas during both world cruising and many exciting regattas.”<img src="https://photo-assets.superyachttimes.com/photo/272915/image/large-f1155f51f6b6d2735ac3f5812ca3943c.jpg" data-gid="gid://syiq/Photo/272915">

47m Royal Huisman sailing yacht Nilaya delivered

The 47m Royal Huisman sailing yacht Nilaya has been delivered following the completion of her sea trials in the North Sea off Amsterdam. 

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47m Royal Huisman sailing yacht Nilaya delivered following successful sea trials

The in-build 75.8-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht Project 825 is currently for sale with <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> and &nbsp;offers the opportunity to jump the queue with a new-build <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> yacht.<img src="https://photo-assets.superyachttimes.com/photo/272654/image/large-9cac6ddd25d7bc0455097e19f53e9a6e.jpg" data-gid="gid://syiq/Photo/272654">Project 825&nbsp; is currently under construction at the <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> Royal Van Lent shipyard and has an expected delivery date of November 2024. Project 825 is also one of only two <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> yachts in-build and currently on the market, with 71.75-metre superyacht Sakura also for sale.Read:&nbsp;<a data-gid="gid://syiq/Article/57690" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship announces construction of 72m speculation superyacht Sakura (2023-05-25 13:00:00 +0200)">Feadship announces construction of 72m speculation superyacht Sakura</a><img src="https://photo-assets.superyachttimes.com/photo/272756/image/large-ddfc41ef8c8c072142fb4e4eca014f9d.jpg" data-gid="gid://syiq/Photo/272756">Project 825 features exterior design and naval architecture by Netherlands-based <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a>. She also boasts a tactile interior design by <a data-gid="gid://syiq/Company/1967" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gilles & Boissier (Company)">Gilles &amp; Boissier</a>, the team behind New York’s Baccarat Hotel.&nbsp;Adored with earth-toned, lime-washed grained wood, Project 825 is finished with stone surfaces which are highlighted with natural light from her floor-to-ceiling windows. Her main deck lounge area follows a beach house design, with a neutral colour palette and relaxed furnishings.<img src="https://photo-assets.superyachttimes.com/photo/272763/image/large-717cdf29b7b6335e7901b3f80996c6c8.jpg" data-gid="gid://syiq/Photo/272763">Her open-plan main saloon features sliding glass doors on three sides, as well as a formal dining area. A games room forward provides more entertainment and between the two, a staircase leads down to the lower deck guest accommodation.Project 825 is able to sleep up to 12 guests across six staterooms, which includes her tranquil owner’s deck. The owner’s suite is situated forward and has access to a private terrace, with a Jacuzzi and two seating areas that can be lowered to create sunbeds.<img src="https://photo-assets.superyachttimes.com/photo/272761/image/large-c025b90ef501a7d2c7eaa68554234209.jpg" data-gid="gid://syiq/Photo/272761">The owner’s suite also features a touch-and-go helipad forward, as well as a huge ensuite bathroom, walk-in wardrobe and a private study area. Moving aft, sliding glass doors lead to an aft terrace with private dining shaded by the overhang and sun lounge seating.Further guest accommodation can be found on the lower deck and consists of two double staterooms, one twin and one convertible stateroom. Forward on the main deck is a full-beam VIP suite with bathroom, walk-in wardrobe and a lounge with private balcony. Also on this deck is a massage room with a single murphy bed off the corridor leading to the VIP suite.<img src="https://photo-assets.superyachttimes.com/photo/272762/image/large-b93e69a9e59991194b10665d24e7b24e.jpg" data-gid="gid://syiq/Photo/272762">The bridge deck of Project 825 is home to her wellness centre with a climate-controlled aft-facing gym. The gym can also be opened on three sides to allow a natural flow of light and air.The gym overlooks a terrace with bar, lounge, daybed and sunbathing around a Jacuzzi. Forward of the gym is a sauna, dayhead and an elevator serving three levels from the main deck to the bridge deck.With 1,750GT spread across four decks, Project 825 also features a large lower deck beach club. Her beach club opens on two sides and allows step-free access to the lower deck accommodation. <img src="https://photo-assets.superyachttimes.com/photo/272755/image/large-1345d53b3dc09abe300b02c22a256b6d.jpg" data-gid="gid://syiq/Photo/272755">In terms of propulsion, Project 825 is powered by twin 2,000 horsepower <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> diesel engines which give her a top speed of 15.6 knots and a cruising speed of 12 knots. She can also house &nbsp;a 9.8-metre tender which is stowed alongside her toys and rescue tender, forward on the main deck.

In-build Feadship superyacht Project 825 interior unveiled

New images have been unveiled of the in-build 75.8-metre Feadship superyacht Project 825.

76m in-build Feadship superyacht Project 825 for sale

<img src="https://photo-assets.superyachttimes.com/photo/272850/image/large-3741b9c3439b61e57c63dfebaebc6ea0.jpeg" data-gid="gid://syiq/Photo/272850">Seen here yesterday anchored off Capri, Italy, is the 95-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/6423" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Madsummer95.0m (311'8&quot;)Lürssen Yachts2019">Madsummer</a>. Built in Rendsburg and delivered in 2019, she features an exterior design by <a data-gid="gid://syiq/Company/168" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Harrison Eidsgaard (Company)">Harrison Eidsgaard</a> while <a data-gid="gid://syiq/Company/88" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Laura Sessa (Company)">Laura Sessa</a> drew her interior. With a chic colour scheme of blues, whites and reds and contemporary textures, she is homely and personal. Onboard amenities include a 12-metre swimming pool on the main deck aft, a large spa, extensive diving facilities and a helicopter landing pad on the foredeck. Inside, she can accommodate up to 18 guests (12 during charter) in nine staterooms taken care by a crew of 28. Performance-wise, she has a transatlantic range of up to 6,000 nautical miles while cruising at 12 knots and a top speed of 18 knots. Get a closer look inside <a data-gid="gid://syiq/Yacht/6423" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Madsummer95.0m (311'8&quot;)Lürssen Yachts2019">Madsummer</a> in our <a data-gid="gid://syiq/Article/50604" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Onboard Lürssen's latest: The 95m Madsummer (2019-11-02 17:00:00 +0100)">onboard feature here</a>.

95m superyacht Madsummer in Capri

The 95m superyacht Madsummer, built by Lürssen, is seen here anchored in Capri.


<img src="https://photo-assets.superyachttimes.com/photo/261456/image/large-2403862b9a42179c9b1808aba80b0c29.png" data-gid="gid://syiq/Photo/261456">The 34.1-metre <a data-gid="gid://syiq/Company/362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leopard Yachts (Company)">Leopard</a> motor yacht <a data-gid="gid://syiq/Yacht/1304" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lynx34.1m (111'11&quot;)Leopard Yachts2007">Lynx</a> has been sold in an in-house deal, with<a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">&nbsp;Edmiston’s</a> brokers Alex Busher representing the buyer and Hans van Doornmalen and Charlie Carveles representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/261461/image/large-304315a652d1e9ec7b092595dab16034.png" data-gid="gid://syiq/Photo/261461"><img src="https://photo-assets.superyachttimes.com/photo/261429/image/large-e14fa907ef3349816b291c828d7ec1f6.png" data-gid="gid://syiq/Photo/261429">The sport boat yacht <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Lynx</a> was delivered in 2007, it is the tenth largest yacht built by <a data-gid="gid://syiq/Company/362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leopard Yachts (Company)">Leopard</a>. It features exterior design by <a data-gid="gid://syiq/Company/409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andrea Bacigalupo (Company)">Andrea Bacigalupo</a>, whilst her interior was penned by <a data-gid="gid://syiq/Company/56" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Reymond Langton Design Ltd. (Company)">Reymond Langton Design Ltd</a>., with naval architecture by <a data-gid="gid://syiq/Company/409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andrea Bacigalupo (Company)">Andrea Bacigalupo</a>. The 184 GT yacht can accommodate up to eight guests, and has accommodation for five crew members including the captain of <a data-gid="gid://syiq/Yacht/1304" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lynx34.1m (111'11&quot;)Leopard Yachts2007">Lynx</a>. <img src="https://photo-assets.superyachttimes.com/photo/261426/image/large-91155e61a78aa807996e4e33fb4acaea.png" data-gid="gid://syiq/Photo/261426"><img src="https://photo-assets.superyachttimes.com/photo/261435/image/large-a15c1341b0e97d5141abd13843f599ed.png" data-gid="gid://syiq/Photo/261435"><img src="https://photo-assets.superyachttimes.com/photo/261436/image/large-c8d07fa97a8589f5898d8820f52dbd13.png" data-gid="gid://syiq/Photo/261436">The motor yacht <a data-gid="gid://syiq/Yacht/1304" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lynx34.1m (111'11&quot;)Leopard Yachts2007">Lynx</a> has a grp hull and grp superstructure. She is powered by triple <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, which give her a cruising speed of 35 knots and a top speed of 42 knots. The yacht carries 16,000 litres of fuel onboard, and 2,000 litres of water. <img src="https://photo-assets.superyachttimes.com/photo/261437/image/large-ebcf491ea6e1a01e48e968bd2ae48cad.png" data-gid="gid://syiq/Photo/261437">At the time of her sale, the yacht <a data-gid="gid://syiq/Yacht/1304" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lynx34.1m (111'11&quot;)Leopard Yachts2007">Lynx</a> had a last known asking price of €3,400,000.

34m Leopard motor yacht Lynx sold

The 34-metre Leopard motor yacht Lynx has been sold in an in-house deal with Edmiston

Yachts attending the Giorgio Armani Superyacht Regatta 2023

The Giorgio Armani Superyacht Regatta 2023 will be returning from 6 to 10 June for its 16th edition, held in the glorious waters surrounding Sardinia.

<img src="https://photo-assets.superyachttimes.com/photo/231181/image/large-5f441aa170e23ba01bd6b0a10cf4b8b3.jpeg" data-gid="gid://syiq/Photo/231181">The 62.48-metre <a data-gid="gid://syiq/Company/429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ICON Yachts (Company)">ICON</a> motor yacht <a data-gid="gid://syiq/Yacht/449" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Party Girl62.48m (204'12&quot;)ICON Yachts2012">Party Girl</a>, previously named Meridian and Maidelle has entered the market. Delivered in 2012, she is the third largest yacht built by <a data-gid="gid://syiq/Company/429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ICON Yachts (Company)">ICON</a>.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/231171/image/large-eb24c42124b47e1fec68f0f00e0d6c24.png" data-gid="gid://syiq/Photo/231171">The high volume <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has a steel hull and aluminium superstructure. She features a timeless exterior design by<a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">&nbsp;RWD</a>, whilst her interior was penned by <a data-gid="gid://syiq/Company/205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cristiano Gatto Design (Company)">Cristiano Gatto Design</a>, with naval architecture by <a data-gid="gid://syiq/Company/431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jouke van der Baan (Company)">Jouke van der Baan</a>. <img src="https://photo-assets.superyachttimes.com/photo/231175/image/large-05e75b5178a60dff4b9459d84a0d0852.png" data-gid="gid://syiq/Photo/231175"><a data-gid="gid://syiq/Yacht/449" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Party Girl62.48m (204'12&quot;)ICON Yachts2012">Party Girl</a> can accommodate up to 12 guests across her eight opulent staterooms as well as 18 crew members including the captain of <a data-gid="gid://syiq/Yacht/449" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Party Girl62.48m (204'12&quot;)ICON Yachts2012">Party Girl</a>. <img src="https://photo-assets.superyachttimes.com/photo/231178/image/large-4a6368ddc7faf79d1525640f17b1b9f8.png" data-gid="gid://syiq/Photo/231178"><img src="https://photo-assets.superyachttimes.com/photo/272737/image/large-2cd3512ec7a457202c6419e2bf02461a.jpg" data-gid="gid://syiq/Photo/272737">The <a href="https://www.superyachttimes.com/yachts/party-girl-62m/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Party Girl for sale</a> features an expansive upper deck master suite with an adjoining lounge, office area and a large ensuite. The owner's deck lounge is finished in an elegant palette of creams and golds, with a large bar to the aft and sliding doors which open out to the on deck Jacuzzi.<img src="https://photo-assets.superyachttimes.com/photo/231183/image/large-81f1621ee0c66131d0d38b6f14a69d90.jpeg" data-gid="gid://syiq/Photo/231183"><img src="https://photo-assets.superyachttimes.com/photo/231170/image/large-be89787fcf83604f53077c355b334e8f.png" data-gid="gid://syiq/Photo/231170"><img src="https://photo-assets.superyachttimes.com/photo/231172/image/large-11850c8ac2c1154fc257ffac2821e061.png" data-gid="gid://syiq/Photo/231172"><img src="https://photo-assets.superyachttimes.com/photo/272734/image/large-d2848b3d0115233fa61d73c7ee33ee80.jpg" data-gid="gid://syiq/Photo/272734">Other highlights onboard include the curved Jacuzzi on her upper deck, expansive aft deck terrace with alfresco dining area, bar and lounge, and spacious beach club which opens up onto a large swim platform. Moreover, this area is home to a spa and gym. Guests can also enjoy lounging on one of the many sun beds to the aft and enjoy the panoramic views from the bow.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/272751/image/large-40cb71a728a5af0889b3d0957dabb625.jpg" data-gid="gid://syiq/Photo/272751">The main saloon dining area is prized with a wine room which contains glass plate panels crafted from a Venetian artist. In the same room, there is a custom ceiling lamp "Tappeto Volante" from Venini which is 7-metres in length.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/272742/image/large-6b24ebf8b5ff02fd2967e871bbebdc3f.jpg" data-gid="gid://syiq/Photo/272742"><img src="https://photo-assets.superyachttimes.com/photo/272749/image/large-5aecb7fe740223815c2957d12e7d6a7b.jpg" data-gid="gid://syiq/Photo/272749">Further inside, an immense portoro marble slab is installed on the main deck lobby. The stairs which span across &nbsp;the four decks have been completely covered with leather produced by craftsmen from Turin. All the marbles in the yacht for sale have been hand selected from caves, with a particular attention to the desert stone that is treated with a special natural finishing.<img src="https://photo-assets.superyachttimes.com/photo/272740/image/large-dff216a280360f3e11f00878a0a65aee.jpg" data-gid="gid://syiq/Photo/272740">The ICON motor yacht for sale 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, which give her a cruising speed of 14 knots and a top speed of 16 knots.