Public Investment Fund (PIF) is a new minority shareholder of <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti Group</a>, with a 33% share of the company. PIF, the sovereign wealth fund of Saudi Arabia joins the Group with the prospect of long-term investment. It will also support the company's next phase of growth, guided by the strategic vision of the Vitelli family, which retains the majority stake.<img src="https://photo-assets.superyachttimes.com/photo/260007/image/large-183a8ec50614de4aa4d97ff4bbcec8bc.jpg" data-gid="gid://syiq/Photo/260007">"I confirm the satisfaction and pride of the family for having earned - as the most important superyacht building group in the world – the trust of one of the largest global sovereign wealth funds, already present in luxury, technology and leisure,” Giovanna Vitelli, Chair of <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti Group</a>, commented.&nbsp;“PIF will accompany <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti Group</a> in the long term, offering strategic and important new business opportunities, including the Middle East, a geographic area that is undergoing strong development. The family, together with its trusted management, maintains a large majority of the Group and its strategic direction.” <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti Group</a> states that this move will open up new strategic opportunities. “PIF's financial strength and synergies with other sectors will be able to support the Group in its dimensional and technological growth. In addition, the Group will benefit from PIF's prominent position as a leading global investor,” the shipyard reports.&nbsp;The transaction will be completed upon the favourable outcome of antitrust and regulatory clearances. With PIF, TIP (Tamburi Investment Partner), which is already a partner of the <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti Group</a> for over 8 years, will remain in the <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Group's</a> share capital with a reduced stake.

Public Investment Fund new shareholder of Azimut|Benetti Group

Giovanna Vitelli, Vice President of Azimut|Benetti Group at 23rd Benetti Yacht Master 

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Public Investment Fund (PIF) is a new minority shareholder of Azimut|Benetti Group, with a 33 percent share of the company.

Saudi's PIF acquires 33% of Azimut|Benetti Group

The <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Group</a> has announced its intent to acquire <a data-gid="gid://syiq/Company/5540" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="GYG Plc (Company)">GYG Limited</a>, a specialist in superyacht painting, services, and supply. The agreement comes after the two companies signed a Heads of Terms agreement, laying the groundwork for the acquisition.<a data-gid="gid://syiq/Company/5540" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="GYG Plc (Company)"><img src="https://photo-assets.superyachttimes.com/photo/314272/image/large-1d31efaeb8dfe24779421950bc8745dd.jpg" data-gid="gid://syiq/Photo/314272">GYG Limited</a>, which operates primarily under the brands <a data-gid="gid://syiq/Company/340" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinmar (Company)">Pinmar</a>, Pinmar Yacht Supply, and Technocraft, has been a significant player in the superyacht industry. The deal is expected to progress swiftly, with offer documents anticipated to be sent to <a data-gid="gid://syiq/Company/5540" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="GYG Plc (Company)">GYG</a>’s shareholders as early as October. This acquisition marks the next chapter in a long-standing relationship between <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> and <a data-gid="gid://syiq/Company/5540" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="GYG Plc (Company)">GYG</a>, who have worked together on various refit projects over the past three decades.<img src="https://photo-assets.superyachttimes.com/photo/101725/image/large-6e9e8304da012536bd848f98849b074e.jpg" data-gid="gid://syiq/Photo/101725">The strategic move is part of <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Group</a>’s broader vision to bolster its capabilities in a sector that demands the highest quality of service. With facilities in Barcelona, La Ciotat, and the Red Sea, <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92</a>’s global presence will provide <a data-gid="gid://syiq/Company/5540" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="GYG Plc (Company)">GYG</a> with the platform to expand its business across Europe and the U.S. The acquisition is expected to enhance both companies' market responsiveness and elevate the level of service offered to their clients.<a data-gid="gid://syiq/Company/5540" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="GYG Plc (Company)"><img src="https://photo-assets.superyachttimes.com/photo/329224/image/large-3aeaf39a336dbc3d065bf04832d80abf.jpg" data-gid="gid://syiq/Photo/329224">GYG</a> will continue to operate under its established brands, with the integration of <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> aiming to strengthen its growth potential, while maintaining its commitment to delivering quality services to customers.

MB92 Group in negotiations to acquire GYG Limited

The MB92 Group has announced its intent to acquire GYG Limited, a specialist in superyacht painting, services, and supply.

MB92 Group in negotiations to acquire yacht paint specialist GYG Limited

<a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Shipyard</a> has acquired a majority stake in <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells Modern &amp; Classic Boatbuilding</a>. The two companies have a history of collaboration, with <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> frequently commissioning <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells’</a> bespoke tenders for their superyachts.<img src="https://photo-assets.superyachttimes.com/photo/252182/image/large-cfa3304da729f261581eefa853bd109d.png" data-gid="gid://syiq/Photo/252182"><a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells Modern &amp; Classic Boatbuilding</a>, established by Dave Cockwell, who now serves as its Sales and Technical Director, has expanded significantly over 28 years.The company manufactures both Duchy and Hardy semi-production vessels as well as bespoke superyacht tenders.Commenting on this strategic development, Dean Short, Managing Director of <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a>, stated: "<a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> has been actively seeking support in the marine sector to advance to the next phase of our business plan, which includes the production of this year’s new model, the Duchy 45. Being Falmouth-based like us, <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> is ideally positioned to provide that support. We are delighted to be moving forward with them."The <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Group</a> comprises several distinct entities: <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Shipyard</a>, a superyacht service facility located in Falmouth; <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> Vilanova, a Mediterranean marina and Technical Service Centre near Barcelona; and Norfolk Interiors, a manufacturer specialising in luxury bespoke interiors.Discussing the reasons for acquiring a majority stake, Toby Allies, Managing Director of the <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Group</a>, explained: "<a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> shares many of the values integral to the <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Group</a> and serves many of the same customers and contacts. Partnering with <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> will broaden our offerings to our client base within the superyacht sector." He added, "<a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a>’ activities complement our core group strategy. With the company’s robust forward order book and ambitious expansion plans, we are excited to welcome Cockwells to the <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Group</a>."Regarding the acquisition Dave Cockwell remarked: “Over the past 28 years, we have grown from renting a tiny space in Underfall Boatyard in Bristol with one apprentice, to operating three sites in Cornwall with more than 140 employees. I am delighted that we are joining forces with the <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Group</a>. With the backing of an established global superyacht brand, <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> will grow further and meet the demands of our ever-increasing client base.”<a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> will continue to operate independently with the existing management team headed by Managing Director, Dean Short with Dave Cockwell retaining his role of Sales and Technical Director.

Pendennis Shipyard acquires majority stake in Cockwells Modern & Classic Boatbuilding

Pendennis Shipyard has acquired a majority interest in Cockwells Modern & Classic Boatbuilding.

<a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> President Leonardo Ferragamo has released a new statement following <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s acquisition of the company.&nbsp;On 1 August 2024, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> <a href="https://www.superyachttimes.com/yacht-news/sanlorenzo-buys-nautor-swan" target="_blank">announced that they were buying Nautor Swan</a>. The following day, they announced they had<a href="https://www.superyachttimes.com/yacht-news/sanlorenzo-first-closing-nautor-swan-acquisition" target="_blank">&nbsp;completed their first closing</a> of the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> acquisition. In the statement, Ferragamo highlights his love of the work he has put into making <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> what it is today.&nbsp;“It is an important time for <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> this year as we have come to an agreement with the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo Group</a>. I cannot tell you enough how much I have always loved, respected, and put all my endeavours into making <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> what it is today.”<img src="https://photo-assets.superyachttimes.com/photo/309290/image/large-bbfa5629e30fe9af8305cc907df9a4c3.jpg" data-gid="gid://syiq/Photo/309290">He stated that he aims to ensure the longevity of the brand by entrusting it with <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> to continue to propel it forward:“I will remain a significant shareholder of <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> for some years to come, as I want to ensure the transfer of culture, experience, and competence to the new course of our company, definitely enhancing the trust that so many sailors around the world have placed in our hands.”The <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan Group</a> comprises 13 companies across seven countries: Finland, Italy, Spain, Monaco, the United Kingdom, the United States, and Australia. Specialising in the design, construction, sale, and refitting of sailing yachts, the brand also builds motor yachts under the Shadow and Arrow brands.“I’m very confident that with this alliance, we will be able to reach the many potentialities our company has, which we have built with unique passion and dedication over the years,” added Leonardo Ferragamo.<img src="https://photo-assets.superyachttimes.com/photo/302095/image/large-5c81b855a83c4129bca77da30b2ee896.jpg" data-gid="gid://syiq/Photo/302095">Giovanni Pomati, CEO of <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>, also asserted that this agreement is “very positive”. He goes on to acknowledge that this partnership will aid <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> to “enhance investments in Engineering, Operations and Commercial to achieve more outstanding performance in innovation, technology, operational efficiency and market penetration”.

Nautor Swan statement on acquisition by Sanlorenzo 

Nautor Swan President Leonardo Ferragamo has released a new statement following Sanlorenzo’s acquisition of the company.

Nautor Swan issues statement on acquisition by Sanlorenzo

<a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">North Technology Group (NTG)</a> has announced an expansion of its marine portfolio, with the addition of two new brands, <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle Sails</a> and Quantum Sails.While <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a>, which was founded in 1957 with <a data-gid="gid://syiq/Company/758" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Sails (Company)">North Sails</a>, includes a varied portfolio of businesses within the sailing and maritime lifestyle sector, <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle</a> and Quantum, will each continue to operate independently, maintaining distinct brand identities and competing for market share.&nbsp;This means both businesses are set to oversee their own lofts, sales and marketing teams, as well as product suites, as the <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> ownership supplies the brands with financial security, flexibility, and resources for bettering their sailors’ experiences.<img src="https://photo-assets.superyachttimes.com/photo/321862/image/large-0557f539fbc4608cc9e4eae4588ee432.jpg" data-gid="gid://syiq/Photo/321862">“<a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> are long-term supporters of sailing. We want to grow the sport by investing in skills and innovation, by supporting new technologies in sailmaking, and by committing to accomplishing all this in a sustainable way. In <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle</a> and Quantum, we have found two brands and businesses that support our values and goals. We're pleased to be partnering with Mike, Ed, and their teams, as we work together to promote the future of the sport we love so much,” NTG Chairman Peter Dubens remarked.&nbsp;Moving forward, Quantum Sails will still be led by Ed Reynolds and Andrew Scott, while Doug DeVos’ involvement in the business and investment in <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> is expected to continue. As for <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle Sails</a>, the brand which is dedicated to sailors and sailmakers, will continue to be led by Mike Sanderson.&nbsp;<a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle Sails</a> CEO Mike Sanderson commented: “After eight years at the helm, the decision for <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle Sails</a> to combine forces with <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> was a ‘no-brainer’ for David Duff, Richard Bouzaid and me. It ensures the longevity of the brand we are so committed to; it will keep challenging innovation in sailing, and it brings significant opportunities for our team, sailors, and customers. I could not be more excited about leading Doyle Sails into the next chapter and chasing the next challenge.”“<a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">North Technology Group</a> is passionate about the sailing industry, and with big ambitions and a relentless drive we are continuously evolving. We see a real opportunity for growth and development by bringing <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle Sails</a> and Quantum Sails into the <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> family. We look forward to welcoming their customers and our new colleagues on this journey,” <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> CEO Sam Watson concluded.&nbsp;

North Technology Group adds brands Doyle Sails and Quantum Sails

North Technology Group (NTG) has announced their expansion of their marine brands with the addition of Doyle Sails and Quantum Sails.

North Technology Group joins forces with Doyle Sails and Quantum Sails

Today <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has completed their First Closing of their acquisition of <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>, in accordance with the transaction outlined by the press release disclosed on 1 August, which defines their economic terms.&nbsp;As of today’s First Closing, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has paid the cash portion of the €32,354,734.71 equal price equal to €32,354,734.71. The global brand has also transferred €16,177,367.36 in escrow, to be released simultaneously with the Capital Increase reserved to Sawa, which is the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> owning company.<img src="https://photo-assets.superyachttimes.com/photo/309290/image/large-bbfa5629e30fe9af8305cc907df9a4c3.jpg" data-gid="gid://syiq/Photo/309290">When it comes to <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s share price for the payment in shares, equal to the arithmetic average of the stock exchange closing prices in the previous 30 calendar days, the value has been calculated at €38.4727, which would imply the issuance of 420,489 shares in favour of Sawa, in view of the First Closing amount equal to €16,177,367.36 to be paid in shares.Read: <a data-gid="gid://syiq/Article/61155" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo to buy Nautor Swan (2024-08-01 08:30:00 +0200)">Sanlorenzo to buy Nautor Swan </a>Furthermore, the companies of the acquisition perimeter, which is "<a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan Group</a>", generated in FY2023, on an aggregated basis, Net revenues from the sale of new yachts amounting to approximately 10% of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo Group</a>’s net revenues new yachts in FY2023.This valuation of the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan Group</a> takes into account EBITDA prospects as resulting from the analysis and elaboration of acquired financial information, along with potential synergies.

Sanlorenzo completes first closing of Nautor Swan Acquisition

Today Sanlorenzo has completed their First Closing of their acquisition of Nautor Swan.

<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has issued a statement, following the open letter that was sent to its shareholders by Island Capital Group.<img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-9384651b02a3c3b8b113c3d33254dc31.jpg" data-gid="gid://syiq/Photo/265731">The open letter proposed an acquisition of 100 percent of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>'s Yachting and Marina Related Services, including <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>, <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a>, and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>. The letter was sent by former <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> founder, Andrew Farkas, who expressed his concerns over the company’s management and strategic direction since its acquisition by MarineMax in 2022.<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> was sold to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> for $480 million, with <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> existing management team continuing to lead the growth and operations of the business. Farkas detailed several concerning developments since <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s integration into <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, stating that the company had not benefitted from the acquisition.&nbsp;Read: <a data-gid="gid://syiq/Article/60986" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas Founder proposes acquisition of IGY, Fraser, and Northrop & Johnson from MarineMax (2024-07-11 10:30:00 +0200)">IGY Marinas Founder proposes acquisition of IGY, Fraser, and Northrop &amp; Johnson from MarineMax</a><img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-ca20ccc1813073a1b2aa9dfbcd755ab5.jpg" data-gid="gid://syiq/Photo/265732">In the statement published online, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s Board of Directors emphasised its commitment to evaluating genuine opportunities that enhance shareholder value. The Board stated, "We are always open and responsive to input from key stakeholders and have spoken with Island Capital Group on several occasions. The company will continue to make decisions and take actions that we believe are in the best interest of the company and our shareholders."<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates in over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities. The company’s integrated business encompasses several brands and services including <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>, <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>, <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>, Cruisers Yachts, and Intrepid Powerboats.This is not the first proposal that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has received, with <a data-gid="gid://syiq/Article/60633" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater issues statement over MarineMax acquisition rumours (2024-06-03 16:30:00 +0200)">rumours circulating last month</a> that its rival <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> had made an "all-cash, $40-a-share offer" for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, following months of private discussions. However, following on from these comments, <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> issued a statement that they "do not comment on market rumours or speculation," leaving the option for a potential acquisition uncertain.

MarineMax responds to Island Capital Group's acquisition proposal

MarineMax has issued a statement, following the open letter that was sent to its shareholders by Island Capital Group.

MarineMax issues statement following proposed acquisition by Island Capital Group

Yachting publication <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> has announced its acquisition by <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>. While we typically refrain from covering news about our competitors, the acquisition is a significant event in the yachting industry.<img src="https://photo-assets.superyachttimes.com/photo/99271/image/large-21a834fc98095b75b983b634aab2fdbf.jpg" data-gid="gid://syiq/Photo/99271"><a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> organises trade shows and conferences across various industries, with this acquisition acting as an extension of its current yachting portfolio, which includes the <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>, Fort Lauderdale International Boat Show and Palm Beach International Boat Show.It remains unclear whether <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> will closely integrate their yachting events with <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> and how this might affect the media partnerships that other media companies, such as SuperYacht Times, currently have with these events.A statement posted on the <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> website stated that Stewart Campbell will remain Editor-in-Chief and <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> Media will have the same management team. This includes Toby Moore as Chief Executive and Tony Euden as Chief Operating Officer, while John Paton will also continue as Chair of the Board.According to <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> Media, the company and its subsidiaries, including IBI and Dockwalk, will maintain their distinct brands and complete editorial independence, while utilising <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>'s specialist media expertise.Speaking about the acquisition on the <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> website, CEO Toby Moore said: "We are excited to start working with <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>. We share a vision and enormous optimism about <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> Media's future, which will benefit from Informa’s experience and investment in specialist media brands and platforms.”

BOAT International acquired by Informa 

Informa has announced the acquisition of yachting publication Boat International. 

MYS and FLIBS organiser acquires BOAT International

Australia-based charter and brokerage company <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> has announced the acquisition of the yacht booking service company Floatspace. The strategic move plans to strengthen <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a>’s commitment to provide clients with an instant and seamless booking service.<img src="https://photo-assets.superyachttimes.com/photo/315574/image/large-81cb6d62ff184e62ec3a6fb5e905e959.jpg" data-gid="gid://syiq/Photo/315574">Floatspace is focused on making bookings more accessible, by offering fully automated bookings for entry-level party boats. The acquisition means that <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> can service the entire charter market digitally and automated, offering clients with a comprehensive solution across the spectrum.“The two businesses complement one another very well. Although having come at the market from opposite ends, both delivered excellent traction and growth, meaning combining the two would result in a force to be reckoned with,” commented Hugh Treseder, Founder and CEO of Floatspace.<a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> is no stranger to acquisitions, in July 2023 they <a data-gid="gid://syiq/Article/58050" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club acquires stake in Ray White Marine brokerage firm (2023-07-10 09:30:00 +0200)">announced that they had acquired a stake in the brokerage firm Ray White Marine</a>. The acquisition allowed <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> to actively focus on the sale of superyachts, with their current portfolio standing at just under 45 yachts for sale.&nbsp;Read: <a data-gid="gid://syiq/Article/58355" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A powerhouse is born: Brock Rodwell on the merger of Ahoy Club and Ray White Marine (2023-08-17 17:30:00 +0200)">A powerhouse is born: Brock Rodwell on the merger of Ahoy Club and Ray White Marine</a><img src="https://photo-assets.superyachttimes.com/photo/315576/image/large-545078db0307b14bacfb9132069f98e9.jpg" data-gid="gid://syiq/Photo/315576"><a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> began with a global focus, aiming to revolutionise the yacht charter industry globally. Due to the COVID-19 pandemic, they have honed in on the Australian Day Charter market, focusing on luxury day charter yachts.“Clients today are empowered with extensive knowledge, conducting their own thorough research,” explained Ellie Malouf, CEO of <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a>. “For charters, they often know what they want, when they want it, and seek the convenience of booking that instantly. Clients now expect similar experiences in the yachting industry as they do with other premium services.”<img src="https://photo-assets.superyachttimes.com/photo/315575/image/large-cc19f4b74826b8fa1b4521404ac14880.jpg" data-gid="gid://syiq/Photo/315575">Floatspace enables clients to effortlessly select their desired yacht, date, time, and any additional requirements. The advanced technology automatically updates the yacht's calendar and generates charter contracts for all parties involved.“We've gone to a fabulous new home and having had some healthy rivalry over the years, we can now turbocharge things. I'm proud, as this was no easy journey,” added Hugh Treseder.&nbsp;

Ahoy Club acquires Floatspace

Ahoy Club has announced the acquisition of the yacht booking service company Floatspace.

Ahoy Club acquires yacht booking service Floatspace

According to online news publication Bloomberg, <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> is in talks to acquire its larger rival <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-9384651b02a3c3b8b113c3d33254dc31.jpg" data-gid="gid://syiq/Photo/265731">The US-based news company alleged that <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> has made an all-cash, $40-a-share offer for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, following months of private discussions. Bloomberg also reported that according to unnamed sources, the combined company would be valued at about $2.5 billion, including debt.However, <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> has issued the following statement on the rumoured acquisition: “As a matter of policy, we do not comment on market rumors or speculation. <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> is a highly disciplined and seasoned acquirer within the fragmented boating industry.”<img src="https://photo-assets.superyachttimes.com/photo/184954/image/large-cb047084464f2702c524eb07295a896c.jpg" data-gid="gid://syiq/Photo/184954">“Since 2014, we have successfully executed more than 30 acquisitions that have contributed to increased shareholder value. This strong track record is anchored by our ability to meaningfully expand EBITDA of acquired companies through expeditious synergy realisation.”<a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> is one of the largest and fastest-growing premium marine retailers in the United States. <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> operates a total of 96 retail locations, 10 distribution centres and warehouses and multiple online marketplaces in 18 different states, several of which are in the top twenty states for marine retail expenditures.<img src="https://photo-assets.superyachttimes.com/photo/184959/image/large-4c195ac54d5c6528b5d5e0756609d9dc.jpg" data-gid="gid://syiq/Photo/184959"><a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates in around 130 locations, including 83 dealerships, 66 marina and storage facilities, and also owns the brokerage firms <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a> and <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>. In addition, <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a> has grown over the years with the acquisition of companies such as <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> and <a data-gid="gid://syiq/Company/4685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SYM - Superyacht Management (Company)">Superyacht Management (SYM)</a>.&nbsp;If the two companies were to join forces, the combination would result in significant cost savings and long-term earnings growth. <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> is no stranger to takeovers, with the acquisition of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> taking place in 2022 and the closing of &nbsp;Garden State Yacht Sales last month.Read: <a data-gid="gid://syiq/Article/54952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine finalises acquisition of Denison Yachting (2022-04-12 16:00:00 +0200)">OneWater Marine finalises acquisition of Denison Yachting</a><img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-ca20ccc1813073a1b2aa9dfbcd755ab5.jpg" data-gid="gid://syiq/Photo/265732">“<a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> has a strong balance sheet and will continue to prioritise judicious capital allocation and maintain appropriate levels of leverage while evaluating strategic opportunities, enabling us to ensure the short-term, medium-term, and long-term viability of our business,” added <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a>.“Management and the Board of Directors are extremely focused on preserving and enhancing shareholder value. They are squarely aligned with shareholders, given that insiders collectively hold a 17 percent interest in the company.”SuperYacht Times has also reached out to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> for a comment on the rumours.

OneWater in talks to acquire MarineMax  

OneWater Marine has issued an official statement following rumours online of talks to acquire its larger rival MarineMax.

OneWater issues statement over MarineMax acquisition rumours

In January, <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> announced that it had to enter a restructuring phase, stating that it had to transition from a 'founder-funded entity to an investor-funded one, led by experienced industry professionals." The company has now completed its restructuring, with German-American investor and <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> client Michael Said having acquired the shipyard out of administration to fund the construction of all in-build projects. <img src="https://photo-assets.superyachttimes.com/photo/308337/image/large-812058c3c2553e503fd4e90ebb28dd38.jpg" data-gid="gid://syiq/Photo/308337">The company has also put a new management team in place, led by the new CEO Fabrizio Iarrera, formerly of both <a data-gid="gid://syiq/Company/4387" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monte Carlo Yachts (Company)">Monte Carlo Yachts</a> and Dolce Vita Yachts. Iarrera will run day-to-day operations with support from Michael Said and a board of shareholders. Steve Bell, a veteran manager from manufacturing businesses, has agreed to serve as Vice Chairman of this board and together, they will oversee the new business and assist the new management team to achieve growth.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/308325/image/large-34efb50e8a582c4756be751867e7f036.jpg" data-gid="gid://syiq/Photo/308325">New CEO Fabrizio Iarrera commented, "<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> is known and recognised throughout the yachting world for developing the technology to make electric catamarans a reality. There are costs associated with creating an entirely new market, and the original business fell prey to these, at a time when price inflation everywhere was spiralling out of control."<img src="https://photo-assets.superyachttimes.com/photo/308333/image/large-6e974e48db713ec1223b3e352e089d51.jpg" data-gid="gid://syiq/Photo/308333">Michael Said has acquired <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> through his acquisition firm Helios Yacht Investments GmbH and has taken control of all assets and intellectual property, including the yachts' design and the shipyard in Fano. Said's investment protected the companies 140 employees jobs and has enabled the yard to continue its production, with the company also announcing the launch of the first <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent</a> 62 catamaran. A further seven of the model are due to launch this year. <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> has also confirmed that it will launch the first 23.95-metre <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent</a> 80 model in 2025, the first of which were due for delivery this year.&nbsp;Iarrera added, "Our yacht owners are passionate about the brand and the yacht itself, as our very strong pipeline of orders shows. For Michael Said, it was an easy decision to invest in a restructured S<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">ilent Yachts</a>, and many of our other owners are just as keen. We know we have a job to do to rebuild the brand's reputation, but we've been thrilled by the positive reception we've had from those who have already put in orders."Over the coming two years, the focus of the yard will be to complete all projects currently under construction and will offer additional build slots of 2025 and 2026.

Silent Yachts new ownership

Silent Yachts announces new management and ownership.

home-featured-topleft#0

Silent Yachts announces new ownership and management

<a data-gid="gid://syiq/Company/1661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tankoa Yachts S.p.A. (Company)">Tankoa Yachts</a> has introduced a new 52-metre superyacht model, the T520 Fenice, at the <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show</a> 2024. Once completed, she will be the first <a data-gid="gid://syiq/Company/1661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tankoa Yachts S.p.A. (Company)">Tankoa</a>-built yacht in the 50-metre range with a steel hull and aluminium superstructure.<img src="https://photo-assets.superyachttimes.com/photo/330133/image/large-2da5c411a1038d8db32710db7f7b2645.jpg" data-gid="gid://syiq/Photo/330133"> <img src="https://photo-assets.superyachttimes.com/photo/330155/image/large-43aa691ccb833516028fc3e14d4d2a91.jpg" data-gid="gid://syiq/Photo/330155">Designed by <a data-gid="gid://syiq/Company/1197" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Team for Design - Enrico Gobbi (Company)">Enrico Gobbi</a>, the T520 Fenice is defined by "harmony in the design," a balance between exterior and interior areas, as well as "visual and functional continuity," according to her Italian builder. <img src="https://photo-assets.superyachttimes.com/photo/330132/image/large-b3f694ca99eafd877f4ba4e39c8ca444.jpg" data-gid="gid://syiq/Photo/330132">T520 is the smaller sistership of the shipyard's T680 Fenice, named after the famous opera house in Venice, that aims to encapsulate the same amenities as her larger predecessor. <img src="https://photo-assets.superyachttimes.com/photo/330151/image/large-61ff5bb03fb8e161b84ca829fb992746.jpg" data-gid="gid://syiq/Photo/330151">“As with the T680 Fenice, we once again asked Enrico Gobbi of the Venetian studio <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</a> to compose this second masterpiece, which not only sits perfectly in the 50-metre segment where <a data-gid="gid://syiq/Company/1661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tankoa Yachts S.p.A. (Company)">Tankoa</a> has always been very strong, but which also further highlights our capabilities as a true boutique shipyard able to satisfy every need with unique projects,” comments Vincenzo Poerio, CEO at <a data-gid="gid://syiq/Company/1661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tankoa Yachts S.p.A. (Company)">Tankoa</a>.&nbsp;With a beam of 8.9-metres, she accommodates guests across a four ensuite stateroom layout located on the lower deck, which is also home to crew areas, a gym, or potentially a private lounge and beach club, depending on the owner's wishes. <img src="https://photo-assets.superyachttimes.com/photo/330152/image/large-f4bf0f784dd4f5712d5625aa43e9f75b.jpg" data-gid="gid://syiq/Photo/330152">Furthermore, the main deck, full-beam owner's suite spans 60-square-metres, exhibiting an array of materials including glass, brass, metal, and marble, with a primarily neutral colour palette of white and tan complemented by light wood floors.The owner's suite is also decked out in a study area, a large main stateroom with a private terrace to starboard, and a forward full-beam ensuite bathroom with the option of several configurations. The ensuite bathroom is similar to that "of a 70-metre yacht rather than a 50-metre yacht," <a data-gid="gid://syiq/Company/1661" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tankoa Yachts S.p.A. (Company)">Tankoa Yachts</a> says. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/330148/image/large-48ea87f2d30df34d03cf70dc709cf3f6.jpg" data-gid="gid://syiq/Photo/330148">The same minimalistic and modern styling present in the owner's suite extends to the yacht's two saloons, one of which is located on the main deck, while the other can be found on the upper deck. Once again, light woods are employed for the flooring, and are also reflected in the ceiling, while rounded lines and circular lighting fixtures create a Zen-like atmosphere. The upper deck saloon is also accompanied by a fifth VIP suite behind the bridge.<img src="https://photo-assets.superyachttimes.com/photo/330138/image/large-75678598cc225ba02d4c4eb9a0581581.jpg" data-gid="gid://syiq/Photo/330138">Moving outside, the exterior profile of the T520 Fenice makes an impression with a silver-grey hull, mimicking the lines of the shipyard's 68-metre model and drawing inspiration from automotive design.“This second model in the Fenice range revisits several key elements of the T680’s exterior design, with a particular focus on proportions,” says Enrico Gobbi, CEO of <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</a>. “This careful attention to proportional design has meant sleek, elegant and dynamic lines while offering spacious and generous areas onboard." &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/330139/image/large-107200e4f195be86d6c9778e0b0536c7.jpg" data-gid="gid://syiq/Photo/330139">In terms of outdoor entertainment, guests are invited to relax or socialise on the sundeck, which offers 105-square-metres worth of open air entertainment space, including a lounge and dining area, with one of the two Jacuzzis found onboard. Moreover, the inclusion of Louvre windows shield the exterior dining area from the natural elements.<img src="https://photo-assets.superyachttimes.com/photo/330140/image/large-21af7b3286573eee472fd3120f3dbd60.jpg" data-gid="gid://syiq/Photo/330140"> <img src="https://photo-assets.superyachttimes.com/photo/330145/image/large-f30892f7a077edb55fa400885cb6999c.jpg" data-gid="gid://syiq/Photo/330145">The T520 Fenice's beach club contains an infinity pool fitted with a "hidden lounge" one level below, developed as a response to the growing demand for privacy, in contrast with an open stern design. Additionally, the gym connects to the beach club and a private aft lounge with a water feature running through. One of <a data-gid="gid://syiq/Company/1197" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Team for Design - Enrico Gobbi (Company)">Enrico Gobbi'</a>s unique creations for this concept is a waterfall from the beach club pool running behind the stairs to the lounge. <img src="https://photo-assets.superyachttimes.com/photo/330144/image/large-22d16c0e2f4b7a2e8154e97802877dd3.jpg" data-gid="gid://syiq/Photo/330144">The T520 Fenice's forward garage located under the foredeck is able to stow a 6.5-metre guest tender, a crew tender, and a selection of watertoys. <img src="https://photo-assets.superyachttimes.com/photo/330146/image/large-2607c9b99948a363cd4f8a36f44f5a1f.jpg" data-gid="gid://syiq/Photo/330146">Regarding her performance, the T520 Fenice, which has a draft of 2.7-metres, can reach a cruising speed of 14 knots alongside a top speed of 17 knots, over a transatlantic range of 4,000 nautical miles.<img src="https://photo-assets.superyachttimes.com/photo/330150/image/large-c200843a80094c2829996bda2e88e906.jpg" data-gid="gid://syiq/Photo/330150">

Tankoa Yachts introduces 52m T520 Fenice concept at MYS

 Tankoa unveils new 52-metre T520 Fenice model in Monaco.

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Tankoa Yachts introduces 52m T520 Fenice superyacht model at Monaco Yacht Show 

The 35.17-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/7022" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico35.17m (115'5&quot;)Azimut Yachts2018">Amico</a> sold, with Craig Clark of <a data-gid="gid://syiq/Company/2575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galati Yacht Sales (Company)">Galati Yacht Sales</a> introducing the buyer, and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a> broker Alex Rogers alongside <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> broker David Michie representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/308726/image/large-84690f20e7194654fc37dcdae71db6af.png" data-gid="gid://syiq/Photo/308726">Previously named Lulwa, <a data-gid="gid://syiq/Yacht/7022" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico35.17m (115'5&quot;)Azimut Yachts2018">Amico</a> was delivered in 2018 by her Italian shipyard as part of their <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> Grande 35 metri series. <img src="https://photo-assets.superyachttimes.com/photo/289069/image/large-2ab56c7fb20a35706a478762ddd78de9.png" data-gid="gid://syiq/Photo/289069"><img src="https://photo-assets.superyachttimes.com/photo/308725/image/large-9f23be77d8ab7f97a7ca354246d04204.png" data-gid="gid://syiq/Photo/308725">The flybridge yacht features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini</a>, while her interior is imagined by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a>. Inside, the yacht's decor is characterised by custom furnishings, premium fabrics, with an open saloon flanked by panoramic windows.<img src="https://photo-assets.superyachttimes.com/photo/308732/image/large-1c39fb522b4bc04cba3832f199309f71.png" data-gid="gid://syiq/Photo/308732"><img src="https://photo-assets.superyachttimes.com/photo/308734/image/large-71153537d906283fb88a3a00c0cbe2af.png" data-gid="gid://syiq/Photo/308734">At a volume of 269 GT, <a data-gid="gid://syiq/Yacht/7022" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico35.17m (115'5&quot;)Azimut Yachts2018">Amico</a> sleeps as many as 10 guests across her five stateroom layout, which includes a master suite with a private balcony. The remaining guests are accommodated inside VIP staterooms and spacious guest staterooms. <img src="https://photo-assets.superyachttimes.com/photo/308736/image/large-2ba4a9f2533e167c7e4e4f9e88442fd3.png" data-gid="gid://syiq/Photo/308736"><img src="https://photo-assets.superyachttimes.com/photo/308738/image/large-20ed533a77c1585f7ebeddf3c7253c00.png" data-gid="gid://syiq/Photo/308738">One of the yacht's highlights is her upgraded sundeck that replaces a standard hardtop in favour of a more open design, making it ideal for sunbathing beside a bar area. <img src="https://photo-assets.superyachttimes.com/photo/308730/image/large-9e80b9929fd9c86477c59bd8dc80e1ce.png" data-gid="gid://syiq/Photo/308730"><img src="https://photo-assets.superyachttimes.com/photo/308729/image/large-9b7ca4fec768d5314bef7e24bfc8b8d6.png" data-gid="gid://syiq/Photo/308729">Regarding her performance, the vessel 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 that propel her to a cruising speed of 21 knots and a top speed of 25 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/7022" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico35.17m (115'5&quot;)Azimut Yachts2018">Amico</a> had a last known asking price of $10,900,000.<img src="https://photo-assets.superyachttimes.com/photo/308727/image/large-1ebdc90d08972618a7c8aa89de2474f8.png" data-gid="gid://syiq/Photo/308727">

35m Azimut yacht Amico sold 

The 35m Azimut yacht Amico sold, with Galati Yacht sales introducing the buyer, and Northrop & Johnson and MarineMax representing the seller. 

35m Azimut motor yacht Amico sold 

The 51.5-metre <a data-gid="gid://syiq/Company/2404" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Davie Yards Inc. (Company)">Davie Yards</a> conversion yacht <a data-gid="gid://syiq/Yacht/3854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beauport51.5m (168'12&quot;)Davie Yards Inc.1960">Beauport</a> has joined the market with Joaquin Genrich of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>. <img src="https://photo-assets.superyachttimes.com/photo/330101/image/large-463446e4b9a729057b4fe473f609c383.png" data-gid="gid://syiq/Photo/330101">Having originally been delivered in 1960, <a data-gid="gid://syiq/Yacht/3854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beauport51.5m (168'12&quot;)Davie Yards Inc.1960">Beauport</a> was built for the Canadian coast guard in Quebec, spending her first 30 years operating year-round in fresh water on the St. Lawrence Seaway.<img src="https://photo-assets.superyachttimes.com/photo/330099/image/large-9f8880dc3dd39a7eef567a35b078dd4a.png" data-gid="gid://syiq/Photo/330099">Converted into a luxurious yacht in 1993, the <a href="https://www.superyachttimes.com/yachts/beauport/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Beauport for sale</a> features exterior design and naval architecture by <a data-gid="gid://syiq/Company/7873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Collingwood (Company)">Collingwood</a>. Since her conversion, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has benefitted from various refits, rendering her a true expedition vessel. <img src="https://photo-assets.superyachttimes.com/photo/330098/image/large-2cef34c4b0964b40940870c02b51d88a.png" data-gid="gid://syiq/Photo/330098"><img src="https://photo-assets.superyachttimes.com/photo/330096/image/large-b7ed08cb3be0b3789abc264d7e3420b8.png" data-gid="gid://syiq/Photo/330096">With a volume of 683 GT and a beam of 10.34-metres, the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is capable of hosting as many as 20 guests across her comfortable 10 stateroom layout. <a data-gid="gid://syiq/Yacht/3854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beauport51.5m (168'12&quot;)Davie Yards Inc.1960">Beauport</a> can also accommodate up to 12 crew members across four crew cabins. <img src="https://photo-assets.superyachttimes.com/photo/330090/image/large-1fc299276d4b8e34c649f6e0067e2636.png" data-gid="gid://syiq/Photo/330090"><img src="https://photo-assets.superyachttimes.com/photo/330088/image/large-37697950fdfbdabf46ffb7696db12639.png" data-gid="gid://syiq/Photo/330088">Forward on the explorer yacht's owner's deck is a full walk-around Portuguese Bridge with access to the foredeck. To the aft of this is a sumptuous owner's suite furnished with a centreline king-sized bed, with built-in sofas and a desk to starboard.<img src="https://photo-assets.superyachttimes.com/photo/330091/image/large-55a37e7d3533840b8777af8855854993.png" data-gid="gid://syiq/Photo/330091"><img src="https://photo-assets.superyachttimes.com/photo/330097/image/large-91596c12c8cefc037dd71b72e9f1ac74.png" data-gid="gid://syiq/Photo/330097">Additionally, among <a data-gid="gid://syiq/Yacht/3854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beauport51.5m (168'12&quot;)Davie Yards Inc.1960">Beauport</a>'s most noteworthy amenities are her touch-and-go helipad and the fact that she houses numerous large tenders for the convenience of guests.<img src="https://photo-assets.superyachttimes.com/photo/330095/image/large-d934ddfa68a30d49025baa1c8faf7f39.png" data-gid="gid://syiq/Photo/330095"><img src="https://photo-assets.superyachttimes.com/photo/330093/image/large-c4bf11e60e5449bb53e732e6494c3f73.png" data-gid="gid://syiq/Photo/330093">Performance-wise, the <a href="https://www.superyachttimes.com/yachts/davie-yards-inc/for-sale" rel="noopener noreferrer" target="_blank" title="">Davie Yards yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/2254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairbanks Morse (Company)">Fairbanks Morse</a> engines that propel her to a cruising speed of 10 knots and a maximum speed of 12 knots. <img src="https://photo-assets.superyachttimes.com/photo/330100/image/large-9799302081bd673b83ec2806538287fc.png" data-gid="gid://syiq/Photo/330100">

52m conversion yacht Beauport for sale 

The 51.5-metre Davie Yards conversion yacht Beauport has joined the market with Joaquin Genrich of Fraser. 

52m Davie Yards conversion yacht Beauport on the market 

<a data-gid="gid://syiq/Company/5099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tufan And Brothers Yachting CO. (Company)">Tufan and Brothers Yachting Co</a>., recognised for their construction of explorer yachts, is set to embark on a 40-metre superyacht project called HIU, penned by <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a>. Construction is scheduled to commence in early 2025. <img src="https://photo-assets.superyachttimes.com/photo/330102/image/large-c989feccb29bed0f476cfd8ef49256f8.jpg" data-gid="gid://syiq/Photo/330102">HIU marries a sturdy steel hull and aluminium superstructure with a streamline, flowing profile characteristic of <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a>'s works.<img src="https://photo-assets.superyachttimes.com/photo/330106/image/large-e52d0cf3e6549a4bd154fe064ba7e07a.jpg" data-gid="gid://syiq/Photo/330106"> <img src="https://photo-assets.superyachttimes.com/photo/330104/image/large-f5bcb11b25d126c62a17a4c233b66ce8.jpg" data-gid="gid://syiq/Photo/330104">On the lower deck, HIU&nbsp;offers guests accommodation across four staterooms, while the owner's suite can be found on the main deck. According to the studio, "what truly sets HIU&nbsp;apart is the extensive and versatile exterior spaces, designed for maximising enjoyment at sea."<img src="https://photo-assets.superyachttimes.com/photo/330113/image/large-6ee5e68b7a0b466ed9a8532cf21781ca.jpg" data-gid="gid://syiq/Photo/330113">At the aft of the vessel is a spacious beach club and lounge area that allow guests to relax or socialise in close proximity to the surrounding seascape.<img src="https://photo-assets.superyachttimes.com/photo/330111/image/large-809ed6cd43e20abacd86a7d4f1ceb14c.jpg" data-gid="gid://syiq/Photo/330111"><img src="https://photo-assets.superyachttimes.com/photo/330112/image/large-ec623a2506f4ec10a80cf078d8ddda69.jpg" data-gid="gid://syiq/Photo/330112">Moving to the&nbsp;HIU's upper deck, guests are greeted with 90-square-metres worth of leisurely space, containing several lounges, a sizable dining table, a bar, a pool, and sunbeds, for a variety of entertainment forms.<img src="https://photo-assets.superyachttimes.com/photo/330107/image/large-1e5884ac53e2412ebb2cf224b728953e.jpg" data-gid="gid://syiq/Photo/330107">In terms of her performance, HIU&nbsp;will be "powered by state of the art engineering", the designer explains, allowing her to reach a cruising speed of 12 knots. <img src="https://photo-assets.superyachttimes.com/photo/330109/image/large-2425ea2cad910c4437414b7dc2d1ea45.jpg" data-gid="gid://syiq/Photo/330109">Tufan Avsar, Director of <a data-gid="gid://syiq/Company/5099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tufan And Brothers Yachting CO. (Company)">Tufan and Brothers Co</a>., said of the project: "We are thrilled to bring HIU&nbsp;to life in collaboration with <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a>. Our goal with this project is to provide our clients with a yacht that not only exemplifies elegance but also delivers unmatched outdoor experiences. HIU&nbsp;will be a testament to our dedication to craftsmanship and innovation."<img src="https://photo-assets.superyachttimes.com/photo/330103/image/large-9eb4527d0a28d424957529e39b67e5ee.jpg" data-gid="gid://syiq/Photo/330103">"Designing HIU&nbsp;has been an exciting challenge, and we believe she will set a new standard in her category. Her flowing lines and expansive outdoor areas create a seamless connection between the yacht and the sea, offering her guests an unparalleled experience of luxury and relaxation," Fatih Surekli, Managing Director of <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a>, concluded.<img src="https://photo-assets.superyachttimes.com/photo/330105/image/large-fd99b6544cfefb1685a98d43d493a772.jpg" data-gid="gid://syiq/Photo/330105">

40m superyacht concept HIU by Red Yacht Design 

Red Yacht Design's HIU: The 40m superyacht concept due to begin construction

The 50-metre <a data-gid="gid://syiq/Company/96" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Devonport (Company)">Devonport</a> superyacht <a data-gid="gid://syiq/Yacht/308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alamshar50.0m (164'1&quot;)Devonport2014">Alamshar</a> has joined the market with Jason Duggan of <a data-gid="gid://syiq/Company/206" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Partners International (Company)">Yachting Partners International</a>. <img src="https://photo-assets.superyachttimes.com/photo/329975/image/large-c592ac3879a6e5884f9944df4e57429e.jpg" data-gid="gid://syiq/Photo/329975">Delivered in 2014 by her British shipyard, the <a href="https://www.superyachttimes.com/yachts/alamshar/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Alamshar for sale</a> features exterior design by <a data-gid="gid://syiq/Company/146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donald L. Blount & Associates (Company)">Donald L. Blount &amp; Associates</a>, interior design by <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a> and <a data-gid="gid://syiq/Company/456" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oldenburger Interiors (Company)">Oldenburger</a>, as well as engineering penned in-house by <a data-gid="gid://syiq/Company/96" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Devonport (Company)">Devonport</a> Royal Dockyard. <img src="https://photo-assets.superyachttimes.com/photo/329976/image/large-2b4205d3a63ad5b34b315a9f156a8b88.jpg" data-gid="gid://syiq/Photo/329976"><img src="https://photo-assets.superyachttimes.com/photo/329980/image/large-b5d41523bae7e1b69f693c90e5d09119.jpg" data-gid="gid://syiq/Photo/329980">At a volume of 781 GT, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> is capable of hosting as many as 12 guests across her versatile five or six stateroom configuration. Accommodation is also available to support a crew of up to 10 members, in addition to the yacht’s captain. <img src="https://photo-assets.superyachttimes.com/photo/329979/image/large-ad87b526617215cab0d1cb3fc5e78ef4.jpg" data-gid="gid://syiq/Photo/329979">Inside, the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> displays a pale colour scheme composed of warm-toned creams, ecrus, and beiges, which are framed by light wood furnishings. Each of her glamorous staterooms strike a balance between the contemporary, thanks to state of the art entertainment systems, and the timeless through glossy, elegant decor. <img src="https://photo-assets.superyachttimes.com/photo/329981/image/large-227e05c1192cf8aebd33e3a5718ce940.jpg" data-gid="gid://syiq/Photo/329981"><img src="https://photo-assets.superyachttimes.com/photo/329977/image/large-b2b5ae5d44736534c3221e9166d0c3cc.jpg" data-gid="gid://syiq/Photo/329977">Outside, <a data-gid="gid://syiq/Yacht/308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alamshar50.0m (164'1&quot;)Devonport2014">Alamshar</a> offers guests an abundance of opportunities to dine alfresco in the sea breeze, catch some rays, or socialise in the sea breeze. Her exterior profile, which sports unique blue-coloured accents, also makes her recognisable across any harbour. <img src="https://photo-assets.superyachttimes.com/photo/12210/image/large-fd9cbcfd1602df3ac9217cfcd6f8348d.JPG" data-gid="gid://syiq/Photo/12210">Regarding her performance, the <a href="https://www.superyachttimes.com/yachts/devonport/for-sale" rel="noopener noreferrer" target="_blank" title="">Devonport yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/2207" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rolls-Royce Marine (Company)">Rolls-Royce</a> engines that propel her to a cruising speed of 25 knots and a swift top speed of 45 knots.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/329978/image/large-6dbf5c6c08b9ec7d7f30a55d7b168b2d.jpg" data-gid="gid://syiq/Photo/329978">

50m Devonport yacht Alamshar for sale

The 50-metre Devonport superyacht Alamshar has joined the market with Jason Duggan of Yachting Partners International. 

50m Devonport superyacht Alamshar for sale

<a data-gid="gid://syiq/Company/4910" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sirena Yachts (Company)">Sirena Yachts</a> has presented their latest project, the 36-metre motor yacht Sirena 118, at the <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show</a> 2024 in Port Hercule. This announcement marks the beginning of a new, larger composite line spanning over 24-metres in waterline length, with a volume below 300 GT. The first Sirena 118 motor yacht is due to be completed in 2026. <img src="https://photo-assets.superyachttimes.com/photo/327706/image/large-b87af190f8377ed3a8430c0e265298c3.png" data-gid="gid://syiq/Photo/327706">Sporting a flexible tri-deck layout, the <a data-gid="gid://syiq/Company/4910" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sirena Yachts (Company)">Sirena</a> 118 features exterior lines penned in-house by the <a data-gid="gid://syiq/Company/4910" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sirena Yachts (Company)">Sirena Yachts</a> team, interior styling imagined by <a data-gid="gid://syiq/Company/43" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cor D. Rover Design (Company)">Cor D. Rover</a>, and naval architecture crafted by <a data-gid="gid://syiq/Company/171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Frers (Company)">German Frers</a>. The relaxed-feeling interiors of the yacht can also be customised by prospective owners.&nbsp;In terms of her accommodation, Sirena 118 offers guests a six stateroom layout with the option to include an owner's suite that occupies two decks. These three decks of accommodation are rounded off with a spacious sundeck. At the bow is an optional circular pool accompanied by a lounge area, while a generous beach club is located aft. <img src="https://photo-assets.superyachttimes.com/photo/327709/image/large-b8482daacce57752fbad4e0ec96903fc.png" data-gid="gid://syiq/Photo/327709">Composed of GRP, Sirena 118 is also designed with Sirena's "trademark plumb bow", the shipyard explains, enhancing the volume of her roomy hull. Thanks to this arrangement, a VIP suite and as many as four guest staterooms can be placed on the lower deck, whereas the forward area of the main deck is dedicated to the owner's suite.“The Sirena 118 will be the largest GRP yacht we have built to date,” comments <a data-gid="gid://syiq/Company/4910" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sirena Yachts (Company)">Sirena</a> CEO Cagin Genc. “This superyacht is being carefully developed as the highest expression yet of the values that have made <a data-gid="gid://syiq/Company/4910" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sirena Yachts (Company)">Sirena Yachts</a> and Sirena Superyachts so successful around the world. Smart solutions, impeccable engineering and sharp, contemporary styling combine with our deep appreciation of the yachting lifestyle. We are looking forward to keeping yachting fans updated as the project develops towards completion in 2026.”<img src="https://photo-assets.superyachttimes.com/photo/327708/image/large-64ffe0975bb16f94e86863edac8db246.png" data-gid="gid://syiq/Photo/327708">A notable highlight of Sirena 118 is that her owner's suite has the option to be spread across two decks, as a spiral staircase connects the stateroom to a large relaxation area, fitted with a fold-down swim platform for water access.Where socialising is concerned, those onboard can take to the informal dining and lounge area that sits in the main deck aft, surrounded by floor-to-ceiling windows for a seamless synthesis between indoor and outdoor living areas. Further opportunities for dining can be found on the table and wet bar situated on the upper deck, as well as on a more secluded exterior deck.&nbsp;Additionally, Sirena 118 is developed to support a crew of five members, which can also be increased to seven members with the presence of the captain's cabin on the upper deck. <img src="https://photo-assets.superyachttimes.com/photo/327707/image/large-62ef5c00a7d87ad9a107aae85b018e81.png" data-gid="gid://syiq/Photo/327707">Performance-wise, the Sirena 118 yacht benefits from a fast displacement hull form, and is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> V12 engines developing a total of 3,100hp, which propel her to a top speed of 16 knots and a cruising speed of 11 knots. Should owners opt for the 3,800hp engine package instead, Sirena 118 is then able to reach a top speed of 21 knots.&nbsp;

Sirena 118 Project at Monaco Yacht Show

Sirena Yachts has presented their latest project, the 36m Sirena 118, at the Monaco Yacht Show 2024 in Port Hercule.

Sirena Yachts presents 36m yacht model Sirena 118 at Monaco Yacht Show

The Italian design studio <a data-gid="gid://syiq/Company/5825" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Satura Studio (Company)">SaturaStudio</a> has unveiled Nami, an 82-metre superyacht concept at the <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show 2024</a>. The superyacht features sinuous exterior lines inspired by the movement of the water, while her interior configuration has been crafted to offer a seamless flow between interior and exterior spaces. <img src="https://photo-assets.superyachttimes.com/photo/329277/image/large-11008ef4d457876f79ff66e205fc20a3.jpg" data-gid="gid://syiq/Photo/329277">Nami features spacious walk-around decks to create a sense of openness and brightness within her interiors. The yacht's aft section is home to a large beach club area, with a generous sized pool and a gym with a 180-degree views. This lower deck area is connected directly to the lower deck guest staterooms, accessed from the exterior by glass sliding doors. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/329272/image/large-d367e4f26144ef3387e7907889f657d0.jpg" data-gid="gid://syiq/Photo/329272">The aft deck features fold-down hydraulic terraces within the bulwarks that transform the space into a large floating terrace. The yacht's main deck has a large exterior area with a dining space and lounge &nbsp;Further aft, after ascending two steps, guests arrive at a unique relaxation area that overlooks the yacht’s stern. Suspended above the lower deck’s glass walls, this space features large C-shaped sunbathing sofas arranged around a central fireplace, providing an &nbsp;inviting retreat. Even in the night guests have their perfect place to be on board. At the very bow, an infinity pool offers stunning views.<img src="https://photo-assets.superyachttimes.com/photo/329275/image/large-c371837b1b85c88e3d70344e1f5bd544.jpg" data-gid="gid://syiq/Photo/329275">The yacht's owner can enjoy a dedicated upper deck with full-height windows in the master suite and lounge. The deck is also home to a private deck which wraps fully around the interior spaces offering an unparalleled private onboard experience. The yacht can accommodate as many as 12 guests between seven staterooms.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/329276/image/large-340211cab8a52538708ee99d16f63259.jpg" data-gid="gid://syiq/Photo/329276">The sundeck features a forward-facing Jacuzzi with a commanding view of the horizon, flanked &nbsp;by a sunbathing area. Further aft, there is an inside-out space, a winter garden with a modular &nbsp;sunshade system that can open or close, completely transforming the perception of the space. The aft section of the deck is entirely open, equipped with freestanding furniture and featuring a &nbsp;bar area, offering a flexible and inviting space for socialising.<img src="https://photo-assets.superyachttimes.com/photo/329273/image/large-a7571472753c6222d16ab857a38016be.jpg" data-gid="gid://syiq/Photo/329273">Engineered by Rome-based HPE Studio (High Performance Engineering), the yacht’s hull and &nbsp;systems are designed to offer both impressive performance and exceptional comfort. With a top speed of 18 knots and a range of 6,200 nautical miles, she can effortlessly cruise to &nbsp;remote destinations. Her robust steel and aluminium construction ensures a smooth and stable &nbsp;ride, allowing guests to fully immerse themselves in the journey.

Nami yacht concept by SaturaStudio

SaturaStudio has unveiled the 82m Nami yacht concept at the Monaco Yacht Show 2024.

SaturaStudio unveils 82m Nami yacht concept

<a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a> and <a data-gid="gid://syiq/Company/2013" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ARES Yachts (Company)">Ares Yachts</a> have unveiled the details of a 70-metre superyacht, Project Opal, which is currently under construction at the Turkish shipyard, with her hull more than halfway completed. The superyacht Opal&nbsp;is christened after a gemstone, particularly one that is associated with protective forces, bringing about positivity and optimism. <img src="https://photo-assets.superyachttimes.com/photo/330010/image/large-12910e892c203f8f0f122e25e301c33c.jpg" data-gid="gid://syiq/Photo/330010">Project Opal makes use of Dutch designer <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder'</a>s high-speed cruising hull, intended to offer either efficiency or to exceed hull speed by as much as 30 percent, depending on the engine package selected by clients. In addition, <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a> combine their modern naval architecture with a timeless but contemporary exterior silhouette. &nbsp;“With the exterior styling, what we have aimed to achieve is a look that appeals to a lot of &nbsp;people and therefore isn’t something too crazy, and which mirrors current trends in a way that &nbsp;isn’t so super-modern it would date quickly,” says Bas Mulder, Owner at <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/330012/image/large-c234c5c63075085900c47713b049d6ef.jpg" data-gid="gid://syiq/Photo/330012">“The core attributes are calm and elegant lines that work in harmony with the marine &nbsp;environment rather than screaming for attention,” Mulder adds. “The project’s organic lines &nbsp;follow the flow of waves and clouds, and the yacht looks like she was sculpted by the wind. &nbsp;Further, the considered use of materials and colours with wood, glass and metal elements add &nbsp;to the clean design.”Piraye Şahıṅ kaya Orhun, Managing Director of <a data-gid="gid://syiq/Company/2013" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ARES Yachts (Company)">Ares Yachts</a>, comments: “Project Opal&nbsp;is a very good looking &nbsp;yacht which we think will appeal to a lot of people – and we would be able to deliver &nbsp;her in 36 months, which is exceptional for a fully custom 70-metre superyacht.”<img src="https://photo-assets.superyachttimes.com/photo/330011/image/large-524c7ca9b1e8994ce93645747c38ca79.jpg" data-gid="gid://syiq/Photo/330011">Project Opal's layout includes several signature <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a> features, such as flared bulwarks forward on the upper two decks. These bulwarks not only improve vision for the bridge wing stations up &nbsp;top, but also make for an extended deck area around the owner’s suite, which is positioned forward on the upper deck.&nbsp;The yacht's provisional general arrangement also displays a guest Sky Lounge aft, which has the potential to be replaced by a large private owner area that occupies the entire upper deck, complete with large aft deck and forward cockpit lounge.<img src="https://photo-assets.superyachttimes.com/photo/330014/image/large-ccae68c8ce3d8ae57592a82bf6a8814f.jpg" data-gid="gid://syiq/Photo/330014">Meanwhile, this arrangement sees a lower deck primarily dedicated to the crew and crew cabins, main galley, and technical aspects of the vessel. On the main deck forward, six guest double staterooms with elevated sea views can be found.Moving to the main deck aft, guests are welcomed by a saloon and dining area that lead to a multi-zone aft deck with a bar, opportunities for alfresco dining, and an aft lounge area. The top deck is home to the wheelhouse and the captain’s cabin as well as an aft sundeck &nbsp;area. The yacht also offers a unique observation deck located in front of the mast, which houses a spa pool.<img src="https://photo-assets.superyachttimes.com/photo/330013/image/large-62898e8ba2a6547094a86e900e112c91.jpg" data-gid="gid://syiq/Photo/330013">Those onboard can also take advantage of a spacious beach club in the stern with glass doors leading out onto the &nbsp;swim platform, which offers water access via to a large transformer platform. The yacht's selection of tenders and toys are found in a traverse garage, while the foredeck functions as a touch-and-go helipad for arrival and departure.<img src="https://photo-assets.superyachttimes.com/photo/330015/image/large-d3bac88693e1a5f403ec33151859aa97.jpg" data-gid="gid://syiq/Photo/330015">“This will be a one-off project, and what makes it extra special is the fast delivery time thanks to &nbsp;our experience as a large shipyard and our sterling reputation,” says Şahıṅ kaya Orhun. “We estimate four months for finalising the GA and the superstructure architecture, and 32 months to complete the build, which is an exceptional delivery time for a custom 70-metre project. It will be built to commercial specification and there is potential for various propulsion options, including Voith Linear Jets if performance in the mid-20-knot range is required, or hybrid and even full electric propulsion packages.”<img src="https://photo-assets.superyachttimes.com/photo/330009/image/large-d9c2718356e241f21734d077ec202b5c.jpg" data-gid="gid://syiq/Photo/330009">“The combination of advanced hull naval architecture and contemporary superstructure &nbsp;with Ares Yachts’ capability to deliver the highest standards of construction and finish makes &nbsp;this the perfect yacht for effortless, efficient cruising in understated luxury,” Mulder concludes. “We &nbsp;think a lot of people will be excited by the project, and we are looking forward to meeting with &nbsp;prospective clients and to building the yacht of their dreams.”

Mulder Design and Ares Yachts unveil in-build 70m Project Opal

Mulder Design and Ares Yachts have unveiled the details of a 70-metre superyacht, Project Opal, which is currently under construction.

Mulder Design and Ares Yachts unveil in-build 70m superyacht Project Opal

<img src="https://photo-assets.superyachttimes.com/photo/329271/image/large-45788e32528dcf345c1c62840d4ff0e0.jpg" data-gid="gid://syiq/Photo/329271">Observed recently docked in the port of Valletta, Malta, is the 99.95-metre superyacht <a data-gid="gid://syiq/Yacht/6409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonrise99.95m (327'11&quot;)Feadship2020">Moonrise</a>. Delivered by <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> in 2020, <a data-gid="gid://syiq/Yacht/6409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonrise99.95m (327'11&quot;)Feadship2020">Moonrise</a>, owned by a prominent tech entrepreneur, showcases a modern silhouette by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt</a>&nbsp;with a distinctive grey hull and white superstructure. Inside, <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Rémi Tessier</a>'s minimalist design creates a sense of space, using high-quality materials and large windows to maximise natural light and panoramic views. The steel-hulled vessel, equipped with advanced stabilisers, offers a range of amenities, including a beach club, gym, and helipad, while comfortably accommodating 16 guests in eight staterooms with a crew of 32. Powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 20V engines, <a data-gid="gid://syiq/Yacht/6409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonrise99.95m (327'11&quot;)Feadship2020">Moonrise</a> comfortably cruises at 16 knots and can reach up to 19.5 knots.&nbsp;

100m Feadship superyacht Moonrise in Malta

The 100m superyacht Moonrise, built by Feadship in 2020, is seen docked here in Birgu, Malta. 

A new yacht brand called GX Superyachts has been unveiled at the <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show</a> in Port Hercule. With a range of aluminium yachts spanning from 24-metres to 56-metres in length, the brand’s first 42-metre model, the GX42 RPH, is currently in-build. <img src="https://photo-assets.superyachttimes.com/photo/329927/image/large-156a8d236f953dbd5298652e1af5cc01.jpeg" data-gid="gid://syiq/Photo/329927">GX Superyachts is described as “the brainchild of the team behind <a data-gid="gid://syiq/Company/7839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Greenline Yachts (Company)">Greenline Yachts</a>”, a brand that has already been producing yachts under 58-feet for over 15 years.&nbsp;The team harnessed that same experience to provide pioneering hybrid propulsion, a smart hull design, and solar charging for this new range. GX Superyachts is equally committed to <a data-gid="gid://syiq/Company/7839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Greenline Yachts (Company)">Greeline</a>’s ethos of responsible yachting, and will strive for eco-friendly yachting through <a data-gid="gid://syiq/Company/7839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Greenline Yachts (Company)">Greenline</a>’s unique serial hybrid drive and powerful solar arrays that comprise part of the yacht’s structure. <img src="https://photo-assets.superyachttimes.com/photo/329928/image/large-67a2f74c94e373c85173ecc433f06600.jpeg" data-gid="gid://syiq/Photo/329928">“Our journey started with <a data-gid="gid://syiq/Company/7839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Greenline Yachts (Company)">Greenline Yachts</a>, where we pioneered the world’s first serial production hybrid yacht over 10-metres back in 2008,” commented yard owner Vladimir Zinchenko. “With more than 1,000 yachts delivered globally, <a data-gid="gid://syiq/Company/7839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Greenline Yachts (Company)">Greenline</a> has been at the forefront of innovation in the boating industry. Throughout that time, we have tried to further our vision of responsible yachting - from sourcing raw materials right through to the operation of the yacht itself.”Andrea Armas has been appointed by GX Superyachts as consultant to the Board of Directors. Armas stated, "I am backing GX Superyachts because I admire their ambition and vision. My goal is to help the team translate their decade-long experience in hybrid recreational boat building into the highly regulated superyacht sector." <img src="https://photo-assets.superyachttimes.com/photo/329925/image/large-8dc7d907fd9eac0055bce16a1a2f3659.jpeg" data-gid="gid://syiq/Photo/329925">The goal to expand upon <a data-gid="gid://syiq/Company/7839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Greenline Yachts (Company)">Greenline</a>’s commercial and environmental success in the industry first came about during the Monaco Yacht Show 2018, when <a data-gid="gid://syiq/Company/7839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Greenline Yachts (Company)">Greenline</a>’s all-electric 9.99m yacht received attention from His Serene Highness Prince Albert II of Monaco, who requested an escort to the Monaco Yacht Club in the boat.&nbsp;“Each yacht in our GX Superyacht range is equipped with our innovative hybrid propulsion system, allowing for both efficient electric cruising and powerful diesel performance when needed,” explained Chief Commercial Officer, Luca Raumland. “At 6 knots in electric mode, these yachts can achieve an incredible range of up to 100 nautical miles. In diesel mode, they can cross the Atlantic at 12 knots, while the max range is 11571 nautical miles at six knots. <img src="https://photo-assets.superyachttimes.com/photo/329924/image/large-951b4eb280110b5c5249acfd2c95f7ba.jpeg" data-gid="gid://syiq/Photo/329924">In addition, the GX range strives to have 40 percent fear carbon emissions than that of a conventional yacht. Similarly to <a data-gid="gid://syiq/Company/7839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Greenline Yachts (Company)">Greenline Yachts</a>, GX Superyachts are developed to bear an intricate solar array as well a large lithium battery bank, which pair together to allow the yacht to lie silently at anchor for upwards of 48 hours. Throughout this time, full hotel systems including aircon run off the batteries without the need to fire up a generator. Consequently, the vessel is free of noise, vibration or smell from combustion.Construction of the first 42-metre GX42 is underway, as the keel laying ceremony took place on 1 June 2024, and more than 50 percent of her hull has already been welded. The yacht is due to be delivered to her owner in 2026. GX signed with custom specialist <a data-gid="gid://syiq/Company/1556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SES Yachts (Company)">SES Yachts</a> of Tuzla, Turkey, in order to build their aluminium yachts. <img src="https://photo-assets.superyachttimes.com/photo/329919/image/large-24a838b9c891ba017c93fbfcb44104d7.jpeg" data-gid="gid://syiq/Photo/329919">"There’s no better time to launch this project than now, as we mark the 50th anniversary of our activity,” said Elif Yıldırım, Managing Partner of <a data-gid="gid://syiq/Company/1556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SES Yachts (Company)">SES.</a> “We embrace custom and semi-custom projects, and the new GX Superyachts range plays perfectly to the skills we have in house. What’s more, we understand and share the principles behind the brand, being a family-owned business ourselves and just as concerned about sustainability. Collaboration on the first model has been very smooth, and we are looking forward to building more yachts with GX.”<img src="https://photo-assets.superyachttimes.com/photo/329921/image/large-1a01923c335e286ab94157426e3c48af.jpeg" data-gid="gid://syiq/Photo/329921">The sleek exterior design of the GX range was imagined by <a data-gid="gid://syiq/Company/4335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marco Casali Too Design (Company)">Marco Casali</a>, who marries a practical low-profile superstructure with generous interior volumes.Two variants of each model are on offer, with the Coupé version displaying a long, curved superstructure roofed with gleaming solar panels, which slide apart at the touch of a button to expose a huge hidden sun deck containing a Jacuzzi and bar. Meanwhile, the RPH version is defined by a large flybridge with a notably contemporary aesthetic, as well as a volume of 353 GT. <img src="https://photo-assets.superyachttimes.com/photo/329923/image/large-a2223a5ceca86196c7fbaf1cedcaca82.jpeg" data-gid="gid://syiq/Photo/329923">Casali was also enlisted to create the interiors, which boast a “natural, harmonious progression” all the way from the main saloon to the flybridge, according to the brand.The yacht’s bathrooms are decked out in Antonio Lupi porcelainware and Dornbracht faucets, while her loose furniture hails from Poltrona Frau and Rugiano, and Foglizzo leathers and natural wood flooring by Cadorin are present throughout. <img src="https://photo-assets.superyachttimes.com/photo/329922/image/large-144198ea8d2564205ac82c684cfe74aa.jpeg" data-gid="gid://syiq/Photo/329922">“Our studio has long worked with <a data-gid="gid://syiq/Company/7839" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Greenline Yachts (Company)">Greenline Yachts</a>, so we understood exactly what the new GX Superyachts brief required,” stated Marco Casali, founder of <a data-gid="gid://syiq/Company/4335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marco Casali Too Design (Company)">Too Design</a>. “I am proud of the way we have reinterpreted the timeless looks of the smaller yachts to give soul and purpose to the lines of the new superyachts. And it is a real pleasure to be responsible for both the exterior and the interior, which results in a really harmonious finish. The challenge around sustainability is particularly close to my heart.”When it comes to the technical blueprint, Francesco Rogantin of <a data-gid="gid://syiq/Company/2051" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NAMES by Francesco Rogantin (Company)">NAMES</a> has penned an underwater long, slim hull that optimises both stability and speed potential. This means the GX superyacht delivers efficiency between her maximum speeds and cruising speeds. <img src="https://photo-assets.superyachttimes.com/photo/329928/image/large-67a2f74c94e373c85173ecc433f06600.jpeg" data-gid="gid://syiq/Photo/329928">“It felt like a very natural partnership with GX Superyachts, who knew exactly what they wanted: a hyper-efficient and stable displacement hull,” concluded Rogantin. “The challenge was to analyse the different operational scenarios and ensure that the hull and appendages performed to their best for each one. We deployed a powerful suite of tools to achieve this.”GX Superyachts also announced a new line of yachts to join the GX42 RPH, including the GX34 Coupe, the GX34 RPH, the GX42 Coupe and the GX56 Coupe, which boasts an impressive 499 GT of interior volume.

New GX Superyachts brand presented at Monaco Yacht Show 

A new yacht brand called GX Superyachts has been unveiled at the Monaco Yacht Show in Port Hercule. 

Mergers & Acquisitions

Saudi's PIF acquires 33% of Azimut|Benetti Group