Fully comprehending the Camper &amp; Nicholsons brand and all of its facets is - to most - an arduous task. Undergoing rather radical though progressive transformations over the years, the British name has gone from one of the earliest and most important builders of luxury yachts in the world to, today, one of the most important brokerage firms in the business. Impressively, whatever direction they have taken, Camper &amp; Nicholsons has managed to adapt, continue, and be at the top of their respective sector. Here we talk to President/CEO of the company, Paolo Casani, who talks us through some of the most important developments in the extensive restructuring of Camper &amp; Nicholsons International (CNI) in light of several significant acquisitions over the past two years.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/15656/image/large-3a0262a785de9489f986403ad928b6fb.jpg" data-gid="gid://syiq/Photo/15656"> 50m superyacht Trending, for charter with Camper &amp; NicholsonsOriginally established in the 19th Century and family-owned until the 1960s when the Camper &amp; Nicholsons brand merged with Crest Holdings, the seeds of the big brokerage firm we know today as Camper &amp; Nicholsons International were planted here when, disgruntled at the full merge, George Nicholson - whose Grandfather owned and ran the Camper &amp; Nicholsons shipyard - left, forming his own brokerage firm: Solidmark.<img src="https://photo-assets.superyachttimes.com/photo/15657/image/large-112d36b5a42b8acd4ad47f19728a33f0.jpg" data-gid="gid://syiq/Photo/15657"> One of C&amp;N's first yachts, the 18.1m Avel commissioned in 1896A number of significant changes to the company subsequently took place, but it was in 1991 that Nick Maris, the Chairman of the board of Camper &amp; Nicholsons Yachting, approached George Nicholson to merge Solidmark with Camper &amp; Nicholsons International. Agreeing, the firm steadily progressed over the next decade, and in 2001 was acquired by the Rodriguez Group.Fast forward 13 years later, in 2014 the company was once again acquired, this time by the Swiss-owned Colosseum Services after the financial collapse of The Rodriguez Group. And now we get to the most recent big news at Camper &amp; Nicholsons International when, in 2015, Fincantieri took a 17% share, followed by Chinese investors in the form of Lai Sun Development Company who took a sizeable 50% share in the company in September 2016. Paolo Casani also joined the brand in 2015 as the new President.The investment announcements did not stop there, however, with Fincantieri upping their share in December 2016 to match that of Lai Sun’s at 50%. This coupled with the addition of Cromwell Littlejohn as USA Commercial Director earlier this year, and Fabio Ermetto as Chief Commercial Officer, and it’s very clear that Casani and Camper &amp; Nicholsons International’s shareholders are pulling out all the stops in a serious overhaul of the firm in a plan which Casani comments have been specifically designed to push the company into the next generation of yachting and safeguard it for the future.&nbsp;The hiring of Casani, Littlejohn and Ermetto particularly demonstrates the tangible movements forward for the brand, signifying their real desire to build and maintain a tight team of yachting experts who are, in their own right, highly regarded figures of the industry. In addition to experienced brokers such as Alex Lees Buckley and Fernando Nicholson, Casani comes from a background of high fashion, working with revered luxury brands such as Armani, Valentino and Calvin Klein, and was the former CEO of Azimut, whilst Ermetto has a strong background in boatbuilding, starting his career at Benetti as a naval architect before working with both Fraser and Heesen Yachts in the Netherlands, then again returning to Benetti as CCO. Littlejohn also has plenty of real yachting experience under his belt, first as a superyacht captain, then as a successful yacht broker in a career spanning three decades.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/15658/image/large-87461c3d95e0315685a2b8e08e8e623c.jpg" data-gid="gid://syiq/Photo/15658"> The 51.8m sailing yacht Q, for charter with Camper &amp; NicholsonsSeveral other initiatives further demonstrate that the strategic restructuring of CNI is more than just talk. One of which is the diversification of their services. Announced at the Monaco Yacht Show 2015, the three new divisions are comprised of yard services, powered by Fincantieri, financial services, offering clients pre-packaged financial solutions in the US and EU, and insurance, starting a joint venture with a leading insurance broker. Furthermore, the New Construction Division started at the beginning of the current year, supplying the service of project management to owners of new constructions to reinforce the core business. These services will work to offer a one-stop shop of ease, convenience and quality when it comes to CNI’s client base, but, as Casani told us, it also helps to manage the inevitable unpredictability of the brokerage game.&nbsp;We can also quite clearly see Camper &amp; Nicholsons International thinking outside the box with initiatives like YACHTSTER. Though the future of YACHTSTER is still somewhat unclear, the concept is a potentially fantastic innovation in the superyacht industry - opening the doors to the world of yachting by offering something different to the norm. Casani explains: “We spent the last few months completing the full acquisition of the company, and now C&amp;NI have full control. The philosophy of YACHTSTER is to open the world of yachting to new clients, to younger, tech-millionaires, who do not necessarily wish to spend a whole weeks’ vacation on a 60-metre yacht in the South of France, but would rather a long weekend, spent with family and friends. Of course, because of the short duration of the trip, the yachts themselves available in YACHTSTER are on the smaller side. It is a different clientele, a different kind of charterer.” Set to begin further development from September 2017, it’s certainly interesting that one of the oldest yachting establishments in the world is at the forefront of this thinking.&nbsp;<iframe width="640" height="360" src="//www.youtube.com/embed/1AMho1dxfRw?wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> Regardless of whether or not YACHTSTER is destined to be the next big thing in yachting, another method of tapping into new markets and attracting new clients to the industry is a focus on Asia. Tapping into Asian wealth is, of course, something that has been talked about tirelessly over the past few years, so I posed the question to Casani: is this actually going to become a reality any time soon? Though reluctant to fully commit to a solid ‘Yes!’, Casani confirmed that with the help of their Chinese investors, he is confident that when the market in Asia finally picks up, CNI is going to be at the forefront of opportunity. “It’s impossible to say whether or not we will see a huge transformation in the Asian industry anytime soon. You are right to say that there has been a lot of talk about the market in Asia for many years, and right now we don’t see a huge amount of progression.”<img src="https://photo-assets.superyachttimes.com/photo/15654/image/large-65f7318ae49b5754dbb6ee78af9b46e7.jpeg" data-gid="gid://syiq/Photo/15654"> &nbsp;“Asian clients use yachts very differently, and it is partially the industry’s fault that superyachts are not being marketing in the exact right way to these clients,” he continues. “We all know that, for example, Asian owners typically do not need a full beam main deck owner’s suite, but would probably prefer a dedicated conference suite, or a large space for karaoke. I think builders could offer more concepts or options for these clients, but it’s a difficult situation to assess. It’s important to recognise that many of the regions with major concentrations of wealth have little to no infrastructure to properly support a superyacht owner in that area. Of course, we are seeing more and more improvements in destinations such as Thailand, Indonesia and Singapore, but in Hong Kong, it’s almost impossible. Will we be seeing a substantial investment from Asia in the future? Who knows, but we will continue to keep ahead of the game and assess our position in Asia in the coming years.”&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/15655/image/large-003f833adcd22b1a5aa2254236b35e53.jpg" data-gid="gid://syiq/Photo/15655"> With the continuous push in the diversification of their services, I asked Casani whether CNI will be going full circle anytime soon - will they go back to actually building boats? Explaining the practicalities of this, Casani elaborates: “Camper and Nicholsons International owns Camper and Nicholsons Design which is the owner of the Camper and Nicholsons trademark. Camper and Nicholsons Design manages two licenses: Camper and Nicholsons Marinas and Camper and Nicholsons Yachts. Camper and Nicholsons yachts is managed by Nautor Swan and they have the mission to build boats.” So technically, they do have a license to build, so, I ask again: will they start building? “For the moment CNI doesn’t plan to go back into boat building directly,” Casani says. But with people like Ermetto - a naval architect with a hell of a lot of experience in the boat building business - and of course Casani himself, that’s certainly one worthy of at least minor speculation. For now, at least, one can imagine that Camper &amp; Nicholsons International is keeping busy enough. This article was featured in the latest edition of the SuperYacht Times newspaper.&nbsp;<a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription" rel="noopener noreferrer" target="_blank" title="">Subscribe now</a>&nbsp;to receive your copy straight to your door and never miss another issue.

Asia Skyline

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Khalilah 

 50m superyacht Trending, for charter with Camper & Nicholsons

18.1m Avel

Sailing yacht Q

Insight: Pushing Camper & Nicholsons International into the future

A new international association for naval architects, exterior and interior designers operating in the superyacht sector has been formally launched, called the <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">Superyacht Design and Naval Architecture Association (SYDNA)</a>.<img src="https://photo-assets.superyachttimes.com/photo/395084/image/large-ea7330f65bc3a99734a2919387e86bc7.jpeg" data-gid="gid://syiq/Photo/395084">Launched by Executive Director Clair Rozemeijer, alongside Luca Boldrini, Managing Partner of <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a> and Vice President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>, the organisation aims to provide greater collective representation for yacht designers and naval architects, an area of the superyacht industry that has historically lacked a unified voice despite significant growth over recent decades.“Associations are founded because individual companies often face similar challenges that they cannot solve entirely on their own, and the association’s role is to create a collective strategy and platform to address those challenges together so that ultimately all members benefit individually from the collaboration,” explained Rozemeijer.The association already counts 12 leading design and naval architecture practices among its membership, including <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>, <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Bannenberg &amp; Rowell Design</a>, <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, <a data-gid="gid://syiq/Company/4308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FM Architettura (Company)">FM Architettura</a>, <a data-gid="gid://syiq/Company/33" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hoek Design Naval Architects B.V. (Company)">Hoek Design</a>, <a data-gid="gid://syiq/Company/102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Design (Company)">Mulder Design</a>, <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta</a>, <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a>, <a data-gid="gid://syiq/Company/8394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Philippe Briand Group Ltd. (Company)">Philippe Briand</a>, <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a>, <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, with qualifying studios invited to join<img src="https://photo-assets.superyachttimes.com/photo/395085/image/large-1f495a08cbefdd41f95fcaeceeb15138.jpg" data-gid="gid://syiq/Photo/395085">“Together with <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>'s board members and founding members, we explored where meaningful collaboration could exist, not in the areas where companies compete, but in the areas where we can collectively strengthen the profession of yacht designers and naval architects, and positively contribute to the wider industry,” added Rozemeijer.The association will aim to improve professionalism through market research, standard contracts, ethical guidelines and quality standards. <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> also plans to engage more actively with regulatory bodies including the <a data-gid="gid://syiq/Company/4531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Maritime Organization (Company)">International Maritime Organization</a> and ISO, while encouraging greater knowledge-sharing among members.Sustainability will also form a core area of focus, as designers and naval architects can play a greater role in supporting the transition towards more sustainable technologies and solutions, including developments linked to Roadmap 2050, in collaboration with the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>.“The Superyacht Builders Association (SYBAss) has successfully got the industry’s voice heard before new rules and regulations become a fait accompli,” added Espen Øino, founder and owner of <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, and President of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. <img src="https://photo-assets.superyachttimes.com/photo/395086/image/large-bd4c7ffda795a9ef61a079534321475b.jpeg" data-gid="gid://syiq/Photo/395086">“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> allows us to have representation for elements specific to what we do as designers, whether that’s rules and regulations, how we deal with contracts, or other issues on which we will benefit from open discussion. It enables us to speak with one common voice toward authorities, the media, or clients.”The association also aims to strengthen recognition and credibility for member studios while supporting future generations of designers entering the sector. “The creative side of our industry has grown quite organically over many years and we’ve all entered it from different avenues,” said Jim Dixon, Studio Principal of Yachts &amp; Aviation at <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and board member of <a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a>. “We all felt it was time for consolidation, unanimity and robustness behind what we do.”To qualify for full membership, studios must have operated for at least 10 years and successfully delivered a minimum of five projects over 30 metres within the past decade, including new builds, major refits or conversions.“<a data-gid="gid://syiq/Company/8866" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Design and Naval Architecture Association (SYDNA) (Company)">SYDNA</a> means we can not only bring designers together better, but also enhance our communication, cross-fertilisation and collaboration with shipyards and brokers, and ultimately that helps to grow the industry as a whole,” concluded Boldrini.

SYDNA launches international association for superyacht designers and naval architects

A new international association for naval architects and designers
operating in the superyacht sector has been formally launched.

SYDNA launches to represent superyacht designers and naval architects

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has announced plans to gradually increase activity across its shipyard operations, with the goal of returning to full operations in early June.In a statement issued today (27 May 2026), <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> stated that the shipyard's operational activities will be ‘progressively intensified’, amid the ongoing restructuring process. This follows last week’s announcement that the company’s share capital had fallen below the legal minimum.Read more: <a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a><img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, the company aims to reach full operations, starting from the first ten days of June. They stated that a rebalancing process remains underway through previously identified strategic measures, with cash management and operational financial dynamics continuing to be monitored.CEO Giovanni Costantino confirmed that the restructuring process is being developed with the support of top-tier advisors, but also criticised certain trade union organisations, which he described as “superficial” and “provocative” to the situation.&nbsp;“Rather than working together constructively and contributing during such a crucial phase in the life of the company, figures are being cited at random with no understanding whatsoever of the actual business situation,” commented Giovanni Costantino.&nbsp;The company also provided updates on several key projects currently under construction, including the first unit of the new 49.95-metre <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> Panorama 50M line, <a data-gid="gid://syiq/Yacht/12258" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spribe50.0m (164'1&quot;)Admiral2026">Spribe</a>, which recently completed sea trials and is scheduled for delivery in the first days of July, and the second hybrid unit, which will be launched in the first ten days of July, with delivery expected in September.Read more: <a data-gid="gid://syiq/Article/64891" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="50m Admiral Yachts Panorama series motor yacht Spribe launched (2025-12-02 15:00:00 +0100)">50m Admiral Yachts Panorama series motor yacht Spribe launched</a><img src="https://photo-assets.superyachttimes.com/photo/379687/image/large-11f9a8770e46f4ce46a8fb5632b8a7c1.jpg" data-gid="gid://syiq/Photo/379687">Meanwhile, the 31-metre <a data-gid="gid://syiq/Article/64789" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 31m Tecnomar for Lamborghini 101 yacht moves to outfitting (2025-11-17 15:45:00 +0100)">Tecnomar for Lamborghini 101</a> yacht is currently undergoing the final stages of carpentry works at the Group’s Turkish facilities before being transferred to Italy in mid-June for outfitting. Construction of an additional 88-metre project is also progressing to schedule, with the yacht expected to arrive in Italy in October for completion works.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> also confirmed progress on its larger custom projects, including recently signed 82-metre and 85-metre builds acquired at the end of 2025. Both projects are currently in the detailed design phase, with keel-laying ceremonies expected to take place between July and September at the Group’s facilities in Turkey.&nbsp;The company added that activities within its refit division have continued without interruption, with operations at <a data-gid="gid://syiq/Company/7113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Celi S.r.l (Company)">CELI 1920</a>, the Group’s interior and cabinetry division, progressing in line with planned schedules.In addition, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that it will participate in the 2026 edition of the <a data-gid="gid://syiq/Event/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2026">Monaco Yacht Show</a>, scheduled to take place this September.

The Italian Sea Group aims for full operations by June 

TISG has announced plans to gradually increase activity across its shipyard operations, with the goal of returning to full operations in early June.

The Italian Sea Group aims for full operations by June amid company restructuring

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> is facing a serious financial setback and has entered a formal court-supervised restructuring process in an effort to stabilise the business.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">In a forensic due diligence update, the company said it has recorded losses significant enough to reduce its share capital below the minimum level required under Italian law. This has triggered a material event under Article 2447 of the Italian Civil Code, which in turn requires mandatory corporate action and the activation of protective measures under Italy’s Crisis and Insolvency Code.The Board of Directors met on 21 May 2026 to address what it described as significant losses. <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that it is now operating within a formal restructuring framework as it works to address the financial shortfall and restore its capital position.&nbsp;The update follows an announcement in April 2026, where <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> confirmed that the court of Florence had granted protective measures as part of its negotiated composition procedure to restructure the company.Read: <a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a><img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">The ruling comes following a criminal complaint filed by Chief Executive Officer Giovanni Costantino against certain former senior executives of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> who headed corporate functions and allegedly acted in coordination with one another.According to the company, preliminary assessments show that accumulated losses have reduced share capital below the legal minimum threshold required under Italian corporate law.&nbsp;While the exact figure has yet to be determined, the board confirmed that statutory obligations have been triggered, including the convening of a shareholders’ meeting and the preparation of updated financial statements.The board also approved the guidelines of a broader turnaround plan aimed at restoring financial stability and maintaining business continuity. The company stated that the plan is intended to preserve ongoing concern status, while rebalancing equity within the current financial year.The proposed measures include renegotiations with multiple ship owning companies to recover extra costs on existing contracts, the revaluation of real estate assets, potential disposal of non-core property assets and the possibility of positive effects arising from an agreement with tax authorities.The board said it believes the underlying assumptions of the plan provide a reasonable basis for overcoming the current financial difficulties, while continuing to operate across its shipbuilding and refit divisions.The company also acknowledged the causes of the crisis to misconduct by certain senior managers acting in coordination.&nbsp;Read: <a data-gid="gid://syiq/Article/65584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG files complaint against former executives following forensic investigation (2026-03-10 09:15:00 +0100)">TISG files complaint against former executives following forensic investigation</a><img src="https://photo-assets.superyachttimes.com/photo/355527/image/large-10e2f4203acc580bab536674f4910115.jpg" data-gid="gid://syiq/Photo/355527">As part of the restructuring framework, the company has also activated protective measures under Article 20 of Legislative Decree 14/2019, designed to safeguard operations while restructuring actions are implemented. The filing will take effect upon registration with the Companies’ Register.On 2 March, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that it had appointed KPMG to conduct an independent forensic investigation after it had identified significant extra-budget costs across its order portfolio.According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, the due diligence conducted by KPMG Advisory, originally initiated in February 2026, has been delayed due to the prioritisation of business continuity measures and changes in senior management. The completion of the review is now expected by late June or early July 2026.The company also confirmed it will continue to update the market as required under EU Market Abuse Regulation obligations.

TISG share capital falls below legal minimum

TISG is facing a serious financial setback and has entered a formal court-supervised restructuring process in an effort to stabilise the business.

TISG enters restructuring phase after share capital falls below legal minimum

<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has approved its unaudited consolidated periodic financial information for the first quarter of 2026, reporting lower revenue, profit and order intake, while maintaining a slightly improved adjusted EBITDA margin.Net revenue new yachts amounted to €302.1 million in the first quarter of 2026, down eight percent compared with €328.5 million in the same period last year. Adjusted EBITDA stood at €48.7 million, compared with €52.5 million in Q1 2025, while the adjusted EBITDA margin increased slightly to 16.1 percent, up from 16 percent a year earlier.<img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">Net profit for the period was €21 million, compared with €23.9 million in the first quarter of 2025. Order intake reached €179.6 million, down from €270.6 million in Q1 2025, reflecting what the company described as a softer commercial environment and slower order conversion.<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s net backlog stood at €722.3 million as of 31 March 2026, compared with €828.6 million at the end of December 2025. The company reported a net financial position of €18.4 million at the end of the quarter, down from €111 million as of 31 December 2025.Stassi Anastassov, Chief Executive Officer of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, said the first quarter had reflected “a softer commercial environment and slower order conversion than we would have liked, particularly on order intake.” He added that the group was approaching the market with “realism, discipline and operational focus.”Despite the lower order intake, Anastassov said the underlying fundamentals of the business remained solid, citing the group’s brand positioning, resilient margins and backlog visibility. According to <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, more than €400 million of net backlog is expected to convert into 2026 revenues.For the full year 2026, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has issued guidance for net revenue new yachts of between €1.25 billion and €1.27 billion. The company expects an adjusted EBITDA margin of between 16.2 percent and 16.6 percent, with capital expenditure forecast between €70 million and €75 million.During the first quarter, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> participated in several major international boat shows, including Düsseldorf, Miami and Palm Beach. The company also remained the subject of corporate activity following KKCG Maritime’s conditional voluntary partial tender offer to acquire up to 15.4 percent of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s share capital.The offer, initially priced at €3.50 per share, was increased to €3.90 per share in March. The acceptance period closed on 13 April 2026, with KKCG Maritime receiving valid acceptances for 29,611,598 shares, representing approximately 8.75 percent of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s share capital. The total consideration amounted to €115.5 million.Following the end of the reporting period, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> also held its ordinary shareholders’ meeting on 14 May 2026. Among other resolutions, shareholders approved the audited separate financial statements for the year ended 31 December 2025, the distribution of an ordinary dividend of €0.11 per share, and the appointment of the new Board of Directors and Board of Statutory Auditors.<img src="https://photo-assets.superyachttimes.com/photo/394211/image/large-a4e5f60bae61b6a1d51d622c3e77d808.jpeg" data-gid="gid://syiq/Photo/394211">Read:&nbsp;<a data-gid="gid://syiq/Article/66087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors (2026-05-14 16:00:00 +0200)">Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors</a> On 14 May 2026, the company held its ordinary shareholders’ meeting, during which shareholders approved the appointment of a new Board of Directors. The changes marked the departure of Alberto Galassi, who had led <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> as Chief Executive Officer for 12 years. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s current corporate governance page lists Stassi Anastassov as Chief Executive Officer and Tan Ning as Chairman of the Board of Directors.

Ferretti Group reports lower Q1 revenue as order intake falls

Ferretti Group reports lower Q1 2026 revenue, profit and order intake, while maintaining a slightly improved adjusted EBITDA margin.

Ferretti Group reports €302m in Q1 revenue as order intake softens

Online marine marketplace <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yacht Sales</a> has announced that the company will officially rebrand as NextBoat Inc, effective on or about 29 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/390341/image/large-be765afb7248df37e9b507deb714d575.jpg" data-gid="gid://syiq/Photo/390341">The rebrand will also see its ticker symbol on the New York Stock Exchange change from OTH to NXB and aims to reflect the company’s evolution from a traditional yacht brokerage business, into an AI-powered technology platform.“<a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> was where we started, but NextBoat represents where we are going,” explained Chief Executive Officer Brian John. “We are building a technology platform that empowers brokers, dealers, resellers and marine entrepreneurs to buy and sell boats more efficiently through artificial intelligence, automation and data-driven infrastructure.”&nbsp;NextBoat is embedding artificial intelligence throughout the transaction process, through AI-driven valuations, AI-assisted acquisitions to identify off-market opportunities, AI-powered matching to connect buyer and sellers and AI-driven closing to automate documentation and workflows.&nbsp;“We’re entering a phase where technology doesn’t just support transactions-it executes them,” added Chief Operating Officer Blake Phillips. “This is how we believe we can scale efficiently without traditional overhead. We are an AI driven technology platform that allows us to be the largest buyer and seller of pre-owned boats.”Last week <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> announced it had completed the acquisition of marine, service and storage company, Apex Marine Group. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> believes that the Apex acquisition opens the door for additional partnerships, as it expands both its sales and service platforms.Read:&nbsp;<a data-gid="gid://syiq/Article/66089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts completes acquisition of Apex Marine Group (2026-05-14 16:30:00 +0200)">Off The Hook Yachts completes acquisition of Apex Marine Group</a><a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">Off The Hook Yachts</a> will continue operating as a core division under NextBoat, with its focus primarily on B2B dealer transactions and inventory liquidation, allowing dealers to wholesale trade-ins and aged inventory through the platform."Just as technology transformed how people buy homes, cars and travel, we believe boating is approaching its own major digital transformation," concluded Philllips. "Our goal is not simply to participate in this evolution, we intend to define it."

Off The Hook Yacht Sales to rebrand as NextBoat

Off The Hook Yacht Sales has announced that the company will officially rebrand as NextBoat Inc, effective on or about 29 May 2026.

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

Safe Harbor’s Monaco Marine acquisition

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

Behind the Safe Harbor rebrand of Monaco Marine

The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect, following the company’s Annual General Meeting held on 15 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">The appointment was confirmed by the Board of Directors, which also reconfirmed Tan Ning as Chairman of the Board. Anastassov succeeds Alberto Galassi, whose departure from the company was announced yesterday.Read: <a data-gid="gid://syiq/Article/66087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors (2026-05-14 16:00:00 +0200)">Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors</a><img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-769ff4738384374b511d59651630542a.jpg" data-gid="gid://syiq/Photo/220951">Anastassov joins the group with extensive international leadership experience across the consumer, industrial and manufacturing sectors. He previously served as the President and Chief Executive Officer of Duracell and spent three decades in senior leadership roles at Procter &amp; Gamble across Europe, North America, Asia and the Middle East.In addition to his executive experience, Anastassov currently serves as a non-executive director of JS Global Lifestyle and Better Shelter, while also advising international companies and investment firms on governance and operational transformation.“It is an honour to be appointed Chief Executive Officer of a unique company built on extraordinary brands, exceptional craftsmanship and talented people,” commented Stassi Anastassov.&nbsp;“Italy is and will remain the heart of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>. Our commitment is first and foremost to the strength, stability and long-term success of the Company. By serving the business well, we serve all shareholders, employees, customers and partners who contribute to <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s future.”During yesterday’s shareholder’s meeting is was announced that Tan Ning was appointed as Chairman of the Board of Directors, alongside Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer joins the board representing minority shareholder Azùr a.s.“On behalf of the Board, I thank shareholders for their continued trust and support. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> enters this next phase with strong foundations, exceptional brands and significant long-term opportunities,” added Tan Ning.&nbsp;“The Board remains fully committed to continuity, disciplined execution and the long-term development of the Group. Under Mr. Anastassov’s leadership, the Group will continue to strengthen its operational excellence, global positioning and long-term value creation while preserving the unique heritage and identity that define <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.”<img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Ownership tensions continueAs well as this, Reuters reported earlier today that Czech investor KKCG Maritime had submitted a request to the Italian government to assess whether <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> has breached "golden power" rules designed to shield strategic assets.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/386471/image/large-5864e3d980f30348ec76855095f57666.jpg" data-gid="gid://syiq/Photo/386471">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.As a result of this, KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. "A request has been received and is currently being considered by the relevant departments,” explained Industry Minister Adolfo Urso.During the announcement of its new CEO Stassi Anastassov, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> said it would continue to execute its existing strategic and industrial plans while further strengthening operational discipline, global development and long-term value creation.The company’s next Board meeting is scheduled for 19 May 2026, during which it will review its first-quarter 2026 financial results.

Ferretti Group appoints Stassi Anastassov as CEO

The Ferretti Group has officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect.

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Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions

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

Off the Hook Yachts completes Apex Marine Group acquisition

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

Off The Hook Yachts completes acquisition of Apex Marine Group

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has appointed a new Board of Directors during its Ordinary Shareholders’ Meeting held on 14 May 2026, and confirmed the departure of longtime CEO Alberto Galassi after 12 years leading the company.<img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-769ff4738384374b511d59651630542a.jpg" data-gid="gid://syiq/Photo/220951">The new board of directors was announced following today’s earlier announcement that Piero Ferrari and Stefano Domenicali had resigned yesterday evening, with immediate effect.Read:&nbsp;<a data-gid="gid://syiq/Article/66083" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti directors Piero Ferrari and Stefano Domenicali resign amid board tensions (2026-05-14 11:30:00 +0200)">Ferretti directors Piero Ferrari and Stefano Domenicali resign amid board tensions</a><img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Shareholders appointed Tan Ning as Chairman of the Board of Directors, while the board is expected to formally appoint Stassi Anastassov as Chief Executive Officer during a follow-up board meeting scheduled for 15 May 2026.“It is a great honor for me to be elected Chairman of the Board and wish to express my sincere gratitude to the Shareholders for their trust and continued support,” explained Tan Ning, the Chairman of the Board of Directors.“I would also like to extend my heartfelt thanks to the outgoing Board of Directors and Board of Statutory Auditors, as well as to the outgoing CEO, Mr Alberto Galassi, for work carried out during his mandate in the past twelve years.”The Shareholders’ Meeting appointed nine members to the Board of Directors, which will remain in office until the approval of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s 2028 financial statements. The board includes newly appointed Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer joins the board representing minority shareholder Azùr a.s.<img src="https://photo-assets.superyachttimes.com/photo/345521/image/large-30a3e8a5f540ae8ddee0f58d7a955771.jpg" data-gid="gid://syiq/Photo/345521">The Board of Directors is expected to approve the following proposed structure during its meeting on 15 May, which includes, &nbsp;Tan Ning as Executive Director and Chairman, Stassi Anastassov as Chief Executive Officer, and Patrick Sun, Zhu Yi, Federica Marchionni and Donatella Sciuto as non-executive independent directors.The company also proposed the formation of several governance committees, including Audit, ESG, Strategic, Nomination and Remuneration committees.Alongside the leadership changes, shareholders approved <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>’s 2025 financial statements, with the group reporting net new yacht revenues of €1.23 billion, up five percent year-on-year. Adjusted EBITDA increased 6.7 percent to €202.8 million, while the company reported a net cash position of €111 million.Shareholders also approved the distribution of a dividend of €0.11 per share, representing a maximum payout of approximately €37.2 million. The dividend will be paid on 17 June 2026.“The new Board of Directors represents continuity, stability and growth,” concluded Ning. “It leverages a long-term industrial vision aimed at enhancing the Group and its brands, as well as maintaining the manufacturing presence in Italy and the global commercial network, in line with the path undertaken since 2012.”

Ferretti appoints new Board of Directors

Ferretti Group has appointed a new Board of Directors and confirmed the departure of longtime CEO Alberto Galassi.

Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors

UK yacht builder <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker International</a> and its US subsidiary, Sunseeker USA Sales Co. Inc, have pleaded guilty to two violations of the US Lacey Act relating to the use of illegally obtained Burmese teak in yachts imported into the United States.<img src="https://photo-assets.superyachttimes.com/photo/267386/image/large-b625274087c4140f98ca0501da7527c1.jpg" data-gid="gid://syiq/Photo/267386">According to the US Department of Justice, the company admitted to using illegally sourced teak on components incorporated into yachts exported to the US market. This included a teak balcony door intended for installation on a yacht and teak parts fitted to vessels valued at approximately $2.98 million and $1.07 million respectively.<a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> agreed to pay a $200,000 fine and implement a compliance plan as part of the resolution. The company is scheduled to be sentenced on 20 August 2026.The case was investigated by the US Fish and Wildlife Service and prosecuted by the Environment and Natural Resources Division of the US Department of Justice, alongside the US Attorney’s Office for the Southern District of Florida.“Congress amended the Lacey Act in 2008 to prohibit the importation of illegally harvested timber,” said Principal Deputy Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division (ENRD).“By enforcing the law, we ensure a level playing field for companies that follow the law. Timber trafficking is the third most lucrative form of transnational crime, so enforcing the law keeps money from flowing into criminal enterprises.”According to the DOJ, Myanmar teak has been subject to international concern since at least 2017, with both the US and UK imposing sanctions related to Myanmar’s timber sector. The Myanmar Timber Enterprise (MTE), the state entity controlling teak exports, is sanctioned by multiple jurisdictions.In 2024, <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker International</a> was fined £358,759.64 for importing Myanmar teak in violation of UK timber regulations. They pleaded guilty at Bournemouth Crown Court to three charges, including failure to exercise due diligence and maintain proper records when placing timber on the market.Read:&nbsp;<a data-gid="gid://syiq/Article/62081" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker International fined £359k over use of illegal Myanmar teak (2024-11-25 13:15:00 +0100)">Sunseeker International fined £359k over use of illegal Myanmar teak</a><img src="https://photo-assets.superyachttimes.com/photo/338910/image/large-d8f4dbc886a1953c570d4b0f9d3455ec.jpg" data-gid="gid://syiq/Photo/338910">The US authorities said the US imports were linked to the same underlying supply chain issues addressed in the UK proceedings.“Timber trafficking is a transnational crime that damages forests and puts legitimate businesses at a disadvantage,” concluded U.S. Fish and Wildlife Service Office of Law Enforcement Assistant Director, Doug Ault.&nbsp;“We are actively disrupting illegal timber supply chains and holding violators accountable under the Lacey Act. This case is part of our ongoing work to protect natural resources and ensure American markets aren’t a destination for illegal goods.”<a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> is due to be sentenced on 20 August 2026.

Sunseeker International pleads guilty in US Lacey Act case over Myanmar teak imports

Sunseeker International and its US subsidiary, Sunseeker USA Sales, have pleaded guilty to two violations of the US Lacey Act.

Sunseeker International pleads guilty over illegal Myanmar teak imports in US

The 77.7-metre <a data-gid="gid://syiq/Company/778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Golden Yachts Ltd. (Company)">Golden Yachts</a> superyacht <a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> has entered the market with Crispin Baynes and Dimitris Maroulis of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>. Launched in 2023, the <a href="https://www.superyachttimes.com/yachts/malia/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Malia for sale</a> offers the opportunity to acquire a recently delivered superyacht. <img src="https://photo-assets.superyachttimes.com/photo/395308/image/large-610ddca98daa5b7f98b8d1267733e13e.jpg" data-gid="gid://syiq/Photo/395308">Spanning 2,165 GT, <a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> features exterior design by <a data-gid="gid://syiq/Company/76" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vafiadis (Company)">Studio Vafiadis</a>, with interior design in collaboration with <a data-gid="gid://syiq/Company/1156" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Massari Design S.r.l. (Company)">Massari Design</a>. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> showcases a refined, contemporary design aesthetic, incorporating over 250 different finishes from exotic woods to precious stones.<img src="https://photo-assets.superyachttimes.com/photo/395336/image/large-efc29427ec4cc2d1e6655f6ae7a15cb2.jpg" data-gid="gid://syiq/Photo/395336"><a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023"><img src="https://photo-assets.superyachttimes.com/photo/395335/image/large-13f9f3215ebb9d1c7b07c29df12c4822.jpg" data-gid="gid://syiq/Photo/395335">Malia</a> has had one owner since her delivery and has benefitted from an additional €5 million investment in system upgrades. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> enters the market in turnkey condition and is perfect for an owner seeking a modern superyacht with strong cruising capabilities.<img src="https://photo-assets.superyachttimes.com/photo/395334/image/large-89548c8aa9c14678b57db85564efe705.jpg" data-gid="gid://syiq/Photo/395334"><a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> boasts sculptural elements such as illuminated waves in her main and upper saloons, alongside cascading chandeliers entwined around the spiral staircase. Full-height windows throughout create bright, open interiors, creating a seamless connection to the sea. <img src="https://photo-assets.superyachttimes.com/photo/395324/image/large-ecb54c74d4383130c51ecb1b08a6111c.jpg" data-gid="gid://syiq/Photo/395324"><a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023"><img src="https://photo-assets.superyachttimes.com/photo/395328/image/large-3dbb3914dcf715d7903f012870810def.jpg" data-gid="gid://syiq/Photo/395328" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Malia</a> can comfortably accommodate up to 17 guests across eight sumptuous staterooms, with her full-beam master suite situated on the main deck. The suite includes a private lounge and an adjoining twin stateroom, ideal for children.<img src="https://photo-assets.superyachttimes.com/photo/395327/image/large-100f9a188323cde81f98e5c4d10ee2cd.jpg" data-gid="gid://syiq/Photo/395327"><img src="https://photo-assets.superyachttimes.com/photo/395330/image/large-323c4ab44fe5dcfee64958b839d7c0df.jpg" data-gid="gid://syiq/Photo/395330"><img src="https://photo-assets.superyachttimes.com/photo/395326/image/large-c0cca114a45605d9ee11515430056973.jpg" data-gid="gid://syiq/Photo/395326">The remaining guest staterooms onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=golden-yachts" rel="noopener noreferrer" target="_blank" title="">Golden yacht for sale</a> include two additional double staterooms located on the main deck, while her lower deck features one twin and three further double staterooms.<img src="https://photo-assets.superyachttimes.com/photo/395318/image/large-d3a7e5fe6750676218c2f4d7a972d545.jpg" data-gid="gid://syiq/Photo/395318"><img src="https://photo-assets.superyachttimes.com/photo/395317/image/large-a304f86381975c5011c12438083036c0.jpg" data-gid="gid://syiq/Photo/395317">Moving outside, <a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> has been designed with entertainment and relaxation in mind. Her main deck is equipped with a pool, while her sun deck includes a bar, Jacuzzi and lounge area and her upper deck is home to an alfresco dining space.<img src="https://photo-assets.superyachttimes.com/photo/395316/image/large-220a0c0018da75a0923f7956c3d56170.jpg" data-gid="gid://syiq/Photo/395316">&nbsp;A key defining feature of <a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> is her lower deck beach club, which opens directly onto a vast swim platform, with fold-down sea terraces on both sides extending the space, creating a calm, sea-level retreat with uninterrupted views.<img src="https://photo-assets.superyachttimes.com/photo/395339/image/large-63611f21dc17efc0c0e7fdf3b9a32659.jpg" data-gid="gid://syiq/Photo/395339"><img src="https://photo-assets.superyachttimes.com/photo/395337/image/large-8c808006acb8b9703e0c5f00e8248320.jpg" data-gid="gid://syiq/Photo/395337">The space is furnished with relaxed seating, a wet bar, and generous lounging space. <a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> also discreetly incorporates a hammam, sauna and massage suite, allowing guests to unwind in their own private oasis.<img src="https://photo-assets.superyachttimes.com/photo/395320/image/large-0c5862b1523180d24a82b57487ebbb71.jpg" data-gid="gid://syiq/Photo/395320">Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> delivers proven ocean‑going capability, thanks to twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, which provide her with a top speed of 19 knots, a cruising speed of 16.5 knots and an impressive range of 4,872 nautical miles.<img src="https://photo-assets.superyachttimes.com/photo/395309/image/large-fe0ae396201d0d8ddc3dbd680deb2545.jpg" data-gid="gid://syiq/Photo/395309"><a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> will be available for inspection at the <a data-gid="gid://syiq/Event/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2026">Monaco Yacht Show 2026</a>, should she remain on the market.(All images courtesy of Burgess.)

Malia: 78m Golden yacht for sale for the first time

The 77.7-metre Golden Yachts superyacht Malia has entered the market with Crispin Baynes and Dimitris Maroulis of Burgess.

78m Golden superyacht Malia for sale

The 26.14-metre <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> motor yacht <a data-gid="gid://syiq/Yacht/7657" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lewenslust 26.14m (85'9&quot;)Ferretti Yachts2017">Lewenslust</a> has been sold in an in-house deal at <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>, with Marc Haëndle representing both the buyer and the seller. The deal was completed within only 30 days.<img src="https://photo-assets.superyachttimes.com/photo/291207/image/large-b7143f459f5dc27716d7361d38068b12.png" data-gid="gid://syiq/Photo/291207">Delivered in 2017 by the Italian shipyard, <a data-gid="gid://syiq/Yacht/7657" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lewenslust 26.14m (85'9&quot;)Ferretti Yachts2017">Lewenslust</a> is a <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> 850 flybridge yacht with a beam of 6.28-metres and a draft of two-metres.She features exterior and interior design by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, while her naval architecture was developed in-house by <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>. The model is recognised for offering the volume and amenities typically associated with larger yachts within her compact platform, as noted by the broker.Covering 85 GT, accommodation onboard is arranged for up to eight guests across four well-appointed staterooms. Separate quarters provide accommodation for a crew of three, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/7657" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lewenslust 26.14m (85'9&quot;)Ferretti Yachts2017">Lewenslust</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, delivering a cruising speed of 27 knots and a top speed of 32 knots.According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, <a data-gid="gid://syiq/Yacht/7657" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lewenslust 26.14m (85'9&quot;)Ferretti Yachts2017">Lewenslust</a> was last refitted in Spain in 2026.At the time of her sale, she had a last known asking price of €3,490,000Image provided courtesy of&nbsp;<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>.

 26m Ferretti motor yacht Lewenslust sold

The 26-metre Ferretti 850 motor yacht Lewenslust has been sold in an in-house deal at Camper & Nicholsons.


The 35.75-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> motor yacht Sabbatical has been sold and renamed <a data-gid="gid://syiq/Yacht/8936" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rise Above35.75m (117'3&quot;)Sanlorenzo2022">Rise Above</a>. Yannick Altevolmer of <a data-gid="gid://syiq/Company/120" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Drettmann Yachts (Company)">Drettmann Yachts</a> introduced the buyer, while Bram Noë of <a data-gid="gid://syiq/Company/359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lengers Yachts (Company)">Lengers Yachts</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/388135/image/large-afde93b642a743b980378e153b0e6f73.jpg" data-gid="gid://syiq/Photo/388135">With a beam of 7.9-metres and a draft of 1.96-metres, the yacht features naval architecture penned in-house by her builder. Meanwhile, her exterior design was crafted by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>.Delivered in 2022, the Sanlorenzo SD118 yacht can accommodate up to 12 guests across five well-appointed staterooms. One of her highlights include a generous beach club with fold-down platforms.Regarding her propulsion system, <a data-gid="gid://syiq/Yacht/8936" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rise Above35.75m (117'3&quot;)Sanlorenzo2022">Rise Above</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, delivering a cruising speed of 14 knots and a top speed of 19 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/8936" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rise Above35.75m (117'3&quot;)Sanlorenzo2022">Rise Above</a> had a last known asking price of €11,950,000.Photo courtesy of <a data-gid="gid://syiq/Company/359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lengers Yachts (Company)">Lengers Yachts</a>.

Sanlorenzo yacht Rise Above sold

 The 35.75-metre Sanlorenzo motor yacht Sabbatical has been sold.


36m Sanlorenzo yacht Sabbatical sold and renamed Rise Above

The 31-metre <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a> (CdM) motor yacht <a data-gid="gid://syiq/Yacht/13675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mon Coeur31.0m (101'8&quot;)Cantiere delle Marche (CdM)2026">Mon Coeur</a> has been launched. She was sold in February 2024 to an Australian owner and marks <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM’s</a> third launch this year.<img src="https://photo-assets.superyachttimes.com/photo/395301/image/large-c080cda3183e7821d403275da61c8a67.png" data-gid="gid://syiq/Photo/395301">“We built this yacht for her owners, their vision,” said the shipyard’s co-founder and CEO Vasco Buonpensiere. “The RJ family had never ventured this compact before <a data-gid="gid://syiq/Yacht/13675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mon Coeur31.0m (101'8&quot;)Cantiere delle Marche (CdM)2026">Mon Coeur</a> came along. She exists because someone dreamed her and both designer Paszkowski and <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche&nbsp;</a>turned that dream into reality.”The RJ 102 model features sleek exterior design developed in collaboration with <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a>. Her profile is characterised by a sinuously curved stern, flared bow and subtly recessed windows.“We faced a puzzle when entrusted to design the RJ102: how do you preserve the commanding presence and go-anywhere confidence of a larger yacht in a rather small package? The answer arrives today,” explained designer <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a>.<img src="https://photo-assets.superyachttimes.com/photo/395303/image/large-da560583c8c4a48a0fca637d123e6efd.png" data-gid="gid://syiq/Photo/395303">Inside, the interiors have been designed by <a data-gid="gid://syiq/Company/4478" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cassetta Yacht Designers (Company)">Giorgio M. Cassetta</a>. “<a data-gid="gid://syiq/Yacht/13675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mon Coeur31.0m (101'8&quot;)Cantiere delle Marche (CdM)2026">Mon Coeur’s</a> mission is to serve as a base camp for a couple exploring the world from aboard her,” said designer <a data-gid="gid://syiq/Company/4478" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cassetta Yacht Designers (Company)">Giorgio M. Cassetta</a>. The design reportedly combines understated elegance with warm, richly detailed finishes, incorporating natural materials, organic forms and bespoke furnishings throughout.&nbsp;According to the designer, the highly customised layout prioritises spacious living areas for a smaller number of guests, creating an intimate setting focused on shared experiences. <a data-gid="gid://syiq/Yacht/13675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mon Coeur31.0m (101'8&quot;)Cantiere delle Marche (CdM)2026">Mon Coeur</a> can accommodate nine guests across four staterooms and a multi-functional room, which can be converted into a fifth cabin.<img src="https://photo-assets.superyachttimes.com/photo/395302/image/large-703588e7b8eee9a4ca3eab344a2b55f4.png" data-gid="gid://syiq/Photo/395302">The owner explained that working with <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a> on the creation of <a data-gid="gid://syiq/Yacht/13675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mon Coeur31.0m (101'8&quot;)Cantiere delle Marche (CdM)2026">Mon Coeur</a> had been a rewarding and memorable experience. “<a data-gid="gid://syiq/Yacht/13675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mon Coeur31.0m (101'8&quot;)Cantiere delle Marche (CdM)2026">Mon Coeur</a> is more than a yacht; it’s the culmination of a wonderful partnership and the beginning of countless adventures ahead. We couldn’t be prouder or more grateful to the entire <a data-gid="gid://syiq/Yacht/13675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mon Coeur31.0m (101'8&quot;)Cantiere delle Marche (CdM)2026">CdM</a> family for helping us bring this dream to life,“ concluded Mon Couer’s owners.In terms of propulsion system, the yacht is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, giving her a cruising range of 3,500 nautical miles at 10 knots.According to <a href="https://sytiq.superyachttimes.com/" target="_blank">SuperYacht Times iQ</a>, <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> has several yacht in-build, including three <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> Flexplorer 165 yachts.Photos provided courtesy of <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a>.

CdM yacht Mon Coeur launched

The 31-metre CdM motor yacht Mon Coeur has been launched.

31m CdM motor yacht Mon Coeur launched

<a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard Group</a> has announced that they have signed a contract with Gabe Newell’s research organisation Inkfish, for the design and construction of the 162-metre research vessel, <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a>. <img src="https://photo-assets.superyachttimes.com/photo/395225/image/large-4c78689c1e771914267757e7a61bcfaf.png" data-gid="gid://syiq/Photo/395225">Constructed to the design of the Vard 9 42 platform, the contract is valued at nearly €700 million and is the largest order ever secured by <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a> for one single vessel. <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> will build on the engineering and design foundations of the 100-metre <a data-gid="gid://syiq/Yacht/15856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV6000100.0m (328'1&quot;)Vard Group AS2028">RV6000</a>, Inkfish’s first purpose-built research vessel.<a data-gid="gid://syiq/Yacht/15856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV6000100.0m (328'1&quot;)Vard Group AS2028">RV6000</a> will carry a 6,000-metre-capable remotely operated vehicle for submarine rescue and ocean science and will join Inkfish’s growing fleet, alongside RV&nbsp;<a data-gid="gid://syiq/Yacht/2832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydra55.75m (182'11&quot;)Auroux1974">Hydra</a> and RV&nbsp;<a data-gid="gid://syiq/Yacht/10637" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dagon68.28m (224'0&quot;)Tacoma Boat Building Co1985">Dagon</a>; with all vessels supporting marine research globally and contributing data to open-sourced repositories.Read more: <a data-gid="gid://syiq/Article/64326" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="From gaming to yachting: Gabe Newell on life at sea and building the future with Oceanco (2025-09-25 13:30:00 +0200)">From gaming to yachting: Gabe Newell on life at sea and building the future with Oceanco</a><img src="https://photo-assets.superyachttimes.com/photo/395287/image/large-3a702d68a469624e332aad3bd22c80ed.jpg" data-gid="gid://syiq/Photo/395287">Developed by <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a> Design, in collaboration with Inkfish, <a data-gid="gid://syiq/Company/7198" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YTMC Limited (Company)">YTMC</a> and the support of the <a data-gid="gid://syiq/Company/295" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fincantieri Yachts (Company)">Fincantieri Group</a>, <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> is designed for seafloor mapping, corer operations, submarine handling and support and ROV operations at depths of up to 11,000 metres.The custom-built platform allows <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> to push the boundaries of what is possible for marine research, by bringing researchers, shipbuilders and operators together from the outset to ensure her design is driven directly by scientific ambition and need.<img src="https://photo-assets.superyachttimes.com/photo/395288/image/large-4693f84eeca13baa97fa030368e74634.jpg" data-gid="gid://syiq/Photo/395288">With a beam of 28-metres, <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> is equipped with four stabilisers for reduced motions and accelerations, with up to 12 hours of operation in silent mode, thanks to an integrated battery system.&nbsp;This battery system will be the largest ever installed on a vessel and will enable <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> to operate for 12 hours with silent scientific sub conditions. The vessel will also be certified in accordance with the latest IACS cybersecurity requirements, allowing her to function against modern-day digital threats.<img src="https://photo-assets.superyachttimes.com/photo/395289/image/large-4eb09424d8cbe2cb74702a5764d86c60.jpg" data-gid="gid://syiq/Photo/395289">“We are extremely proud that Inkfish has returned to <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard Group</a> for another research vessel,” explained Cathrine Kristiseter Marti, CEO at <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard Group</a>. “This vessel is truly unique in all terms with a high level of new design ideas and technological solutions.”<a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> will be equipped with a Conductivity, Temperature and Depth system (CTD) for high-precision measurement, alongside an offshore crane on her port side for operations down to 2,500 metres, with active heave compensation.<img src="https://photo-assets.superyachttimes.com/photo/395282/image/large-642b8c599cfebc1cae8d31c942d060a6.jpg" data-gid="gid://syiq/Photo/395282"><a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> also boasts a newly developed bridge concept, where the operator environment is expanded beyond traditional navigation to include research and safety functions. As well as this, she will also be equipped with a comprehensive SeaQ solution from Vard Electro, covering power, control, bridge and communication systems in one integrated delivery.Additionally, Seaonics will provide a comprehensive and advanced lift and handling package to support Inkfish’s research missions. The package includes an A-frame system, scientific winch system, launch and recovery system for ROV with 11,000 metre depth capacity, shipboard cranes and an offshore crane. The delivery also includes Corer System, CTD System, Moonpool, Hatches and Drop Keel.<img src="https://photo-assets.superyachttimes.com/photo/395283/image/large-8adcacf09a08fbf8ae0a7ed8ed47ddd7.jpg" data-gid="gid://syiq/Photo/395283">“No other vessel has combined such a wide range of newly developed and highly advanced technologies into a single platform dedicated to operating at the deepest parts of the ocean,” added Rune Rødset, SVP Sales and Marketing at <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a>.&nbsp;In terms of accommodation, <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> can comfortably accommodate up to 130 crew members and scientists, mostly in single cabins, along with extensive public facilities. There will also be dedicated working spaces such as offices, laboratories and workshops for scientific research.<img src="https://photo-assets.superyachttimes.com/photo/395285/image/large-b719bc436cb4e5fa282827d6b64caba6.jpg" data-gid="gid://syiq/Photo/395285"><a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> sees Vard Interiors combine high-end interior design in the crew and public areas with advanced HVAC and piping systems. Her HVAC system meets Comfort Class with C1 standards, delivering high indoor air quality and 100 percent fresh air ventilation.Advanced air purification, continuous monitoring and an efficient heat pump solutions also ensure both comfort and operational reliability, while supporting future smart vessel capabilities.<img src="https://photo-assets.superyachttimes.com/photo/395284/image/large-c8bdbc2ca50a956e0133c08546486d68.jpg" data-gid="gid://syiq/Photo/395284">“Being part of a project of this magnitude is both humbling and inspiring,” concluded Rødset. &nbsp;“The innovation level and the determination from Inkfish have resulted in a vessel that stands in a class of its own.”The hull of <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a> will be built at <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a> Shipyards Romania, Tulcea, while the outfitting, commissioning and delivery will be from one of <a data-gid="gid://syiq/Company/4590" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vard Group AS (Company)">Vard</a>’s yards in Norway. Delivery is scheduled to be Q1 2030.Gabe Newell is the co-founder, president and majority owner of the video game company Valve Corporation. He is also the owner of Inkfish and the shareholder of Dutch yacht builder <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/63947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gabe Newell buys Oceanco (2025-08-01 10:15:00 +0200)">Gabe Newell buys Oceanco</a><img src="https://photo-assets.superyachttimes.com/photo/372661/image/large-efbaa1c91bfa6988f938d8e2732895dd.jpg" data-gid="gid://syiq/Photo/372661"><a data-gid="gid://syiq/Article/64326" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="From gaming to yachting: Gabe Newell on life at sea and building the future with Oceanco (2025-09-25 13:30:00 +0200)">In September 2025, Gabe Newell revealed in an exclusive interview</a> that he is the owner of the 78.5-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/10" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocinante78.4m (257'3&quot;)Lürssen Yachts2008">Rocinante</a>, the 72.15-metre <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> yacht <a data-gid="gid://syiq/Yacht/5955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Game Changer72.15m (236'9&quot;)Damen Yachting2017">Game Changer</a>, the 92.8-metre <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> yacht <a data-gid="gid://syiq/Yacht/4018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Draak92.8m (304'6&quot;)Oceanco2014">Draak</a> and the new-build 111-metre superyacht <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> by <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>.&nbsp;Among his research platforms, there is the 68.2-metre <a data-gid="gid://syiq/Company/3754" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tacoma Boat Building Co (Company)">Tacoma Boat Building</a> vessel <a data-gid="gid://syiq/Yacht/10637" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dagon68.28m (224'0&quot;)Tacoma Boat Building Co1985">Dagon</a> which operates as a full-ocean-depth surface platform and the 55.75-metre <a data-gid="gid://syiq/Company/1643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Auroux (Company)">Auroux</a> vessel <a data-gid="gid://syiq/Yacht/2832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hydra55.75m (182'11&quot;)Auroux1974">Hydra</a> which is designed for coastal studies.He also has a <a data-gid="gid://syiq/Yacht/16439" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Developments 35m Sportfisherman35.0m (114'10&quot;)Yachting Developments2027">35-metre sportfisher</a> in development at <a data-gid="gid://syiq/Company/474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Developments (Company)">Yachting Developments</a>, that will travel with the main boat and the support boat, as well as the previously mentioned in-build 100-metre <a data-gid="gid://syiq/Yacht/15856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV6000100.0m (328'1&quot;)Vard Group AS2028">RV6000</a> and the new 162-metre research vessel, <a data-gid="gid://syiq/Yacht/17142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RV11000162.0m (531'6&quot;)Vard Group AS2030">RV11000</a>.&nbsp;

Vard signs contract with Inkfish for 162m research vessel RV11000

Vard has announced that they have signed a contract with Gabe Newell’s research organisation Inkfish for the 162m RV11000 research vessel.

Vard signs contract with Gabe Newell’s Inkfish for 162m RV11000 research vessel

The 37.14-metre <a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a> explorer yacht <a data-gid="gid://syiq/Yacht/12040" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One Zero37.14m (121'10&quot;)Numarine2024">One Zero</a> has been listed for sale with Alexander Kaev of <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/314952/image/large-c86ac7f94b9ecfee4be448f023af5cb7.jpg" data-gid="gid://syiq/Photo/314952">Delivered in 2024 by the Turkish shipyard, <a data-gid="gid://syiq/Yacht/12040" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One Zero37.14m (121'10&quot;)Numarine2024">One Zero</a> is a <a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a> 37XP explorer yacht, and was previously known as Maya. She features exterior design by <a data-gid="gid://syiq/Company/1211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Can Yalman (Company)">Can Yalman</a>, with interior design penned by <a data-gid="gid://syiq/Company/7625" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rezzan Benardete Interiors (Company)">Rezzan Benardete Interiors</a>. Her naval architecture was crafted by <a data-gid="gid://syiq/Company/1212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Umberto Tagliavini - Marine Design & Services (Company)">Umberto Tagliavini - Marine Design &amp; Services</a>.<img src="https://photo-assets.superyachttimes.com/photo/314974/image/large-d719affc1d779cd3439c629f92cbc106.png" data-gid="gid://syiq/Photo/314974">Constructed with a steel hull and GRP superstructure, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has a beam of eight meters and a draught of 2.51-metres. With a volume of 362 GT, &nbsp;she merges long-cruising capability with volumes typically associated with larger explorer yachts of her class.<img src="https://photo-assets.superyachttimes.com/photo/314958/image/large-2994cb0e5df9452ac94c45f4d7e0ff1f.jpg" data-gid="gid://syiq/Photo/314958"> <img src="https://photo-assets.superyachttimes.com/photo/314957/image/large-a9092fd4a877cca3fbb569e0b36ffdc3.jpg" data-gid="gid://syiq/Photo/314957" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Outside, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a>’s outdoor spaces are centred around her 84-square-metre flybridge complete with lounge and dining spaces beneath adjustable skylight panels. Additional guest amenities include a spacious beach club featuring a swimming platform, lounge area and sauna, alongside generous aft deck spaces designed for extended periods onboard.<img src="https://photo-assets.superyachttimes.com/photo/314975/image/large-6af7238b6ca39f8c45c72542827bf2d4.png" data-gid="gid://syiq/Photo/314975">Stepping inside, the <a data-gid="gid://syiq/Yacht/12040" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One Zero37.14m (121'10&quot;)Numarine2024">yacht One Zero for sale</a> displays a warm and contemporary interior defined by soft neutral colours and sculptural furniture pieces. <img src="https://photo-assets.superyachttimes.com/photo/314959/image/large-ffc1abd01ba366255ad552e026eb2530.jpg" data-gid="gid://syiq/Photo/314959">Her main saloon, that seamlessly flows to the dining area, benefits from floor-to-ceiling windows that flood the space with natural light and the uninterrupted views of the ocean. Her generous lounge seating is arranged around statement coffee tables, paired with a reflective ceiling and accent lighting that adds depth.<img src="https://photo-assets.superyachttimes.com/photo/314972/image/large-2160246e27292d7ecfde2579d53a5cfe.png" data-gid="gid://syiq/Photo/314972">Accommodation onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=numarine" rel="noopener noreferrer" target="_blank" title="">Numarine yacht for sale</a> is arranged for up to 12 guests across six staterooms, including a forward-facing owner's suite on the main deck. Dedicated crew quarters accommodate up to eight crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/314966/image/large-57549de0d34ea2f755d872479c3b9a18.png" data-gid="gid://syiq/Photo/314966">In terms of performance, the <a data-gid="gid://syiq/Yacht/12040" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One Zero37.14m (121'10&quot;)Numarine2024">One Zero yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, delivering a cruising speed of 12 knots and a top speed of 14 knots. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/314956/image/large-a13f856e3be1959717d18f86416de723.png" data-gid="gid://syiq/Photo/314956">Images courtesy of&nbsp;<a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a>.

37m Numarine yacht One Zero for sale

37-metre Numarine explorer yacht One Zero has been listed for sale with Alexander Kaev of Phoenix Yachts. 

Born not from market demand but from a visionary’s insistence that nothing afloat quite matched an owner’s ambition of circumnavigating the globe, is <a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a>, a 44.2-metre sailing catamaran. Her captain, Gavin Bladen, who has been with the superyacht since her birth, shares the story of how a search turned into a choice to build, eventually allowing the captain, the yacht’s owner as well as charter guests to circumnavigate the globe and experience some of the world’s most spectacular sights along the way.<img src="https://photo-assets.superyachttimes.com/photo/258035/image/large-831af2adae2c1c19c203ed188fb6fc4a.jpg" data-gid="gid://syiq/Photo/258035">From searching to buildingFollowing a three-month pursuit of finding the right naval architect, the search led to <a data-gid="gid://syiq/Company/39" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VPLP Design (Company)">VPLP</a> in Paris and architects Marc Van Peteghem and Vincent Lauriot-Prévost. For a year and a half, Gavin relocated from the Caribbean to sit shoulder to shoulder with the design team in Paris, refining a yacht that would be a purpose-built platform for tropical cruising and global exploration.The initial project began in 2004, yet <a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a>, built by <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>, wasn’t launched until 2011, when she made her debut at the Monaco Yacht Show. She entered the market as the largest sailing catamaran in the world by length, a title she held for over a decade. Measuring 44.2-metres with a beam of 16.6-metres and a gross tonnage of 499 GT, she remains one of the most voluminous sailing catamarans afloat. <img src="https://photo-assets.superyachttimes.com/photo/258054/image/large-26f3f8c149deecb32e98452e17976759.jpg" data-gid="gid://syiq/Photo/258054"><a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a> is designed to accommodate up to 12 guests across five staterooms, two of which are luxurious VIPs which can be joined. A crew of 10, including the captain, ensures smooth sailing across the seven seas while guests can enjoy uninterrupted 360-degree views from the main saloon. Her expansive aft deck and generous flybridge challenge long-held misconceptions about catamaran proportions, and across the entire yacht there is the feeling of spaciousness.The interior, realised by <a data-gid="gid://syiq/Company/25" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Michael Leach Design Ltd. (Company)">Michael Leach Design</a>, is textured, contemporary and, perhaps most importantly, enduring. 14 years on, the original flooring remains in place, having been selected for both aesthetic depth and durability. High-wear materials were specified throughout, with indoor-outdoor fabrics chosen for their high-rub characteristics to be able to endure heavy charter use without compromise. The approach reflects an understanding that true longevity lies not in ornament but in thoughtful selection.<img src="https://photo-assets.superyachttimes.com/photo/258057/image/large-d7aa3f89215803385e9eb6e75f4e5420.jpg" data-gid="gid://syiq/Photo/258057">Globe trotter<a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a> was built for circumnavigation, and has done so three separate times, visiting over 75 countries along the way. From Columbia to the Mediterranean and from India all the way to the Caribbean, there isn’t an ocean <a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a> hasn’t crossed.For Captain Gavin, who has had the joy of navigating the sailing catamaran and her crew of 10 along on all these adventures, French Polynesia remains the ultimate cruising ground. “If I could only charter in one country for the rest of my life, it would be French Polynesia.”With over four years of experience cruising French Polynesia, Captain Gavin and his crew know the archipelago like the back of their hand. “It’s stunning, the water wildlife is amazing and the diving is phenomenal.” It’s the type of place that leaves a lasting impression on charter guests and crew alike. “There are spots where we can put our guests in the water with 500 to 700 grey reef sharks during a single dive in South Fakarava in the Tuamotus.”<img src="https://photo-assets.superyachttimes.com/photo/394790/image/large-e498eca3b04e1a3bcfa3d7e89794c902.jpg" data-gid="gid://syiq/Photo/394790">Such immersion into wildlife is central to the yacht’s ethos. In Papua New Guinea, guests have ventured into rainforest villages to witness fire dancers, while in Australia, <a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a> supported filming ‘Welcome to Earth’ for National Geographic. The episode featuring <a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a>, titled ‘Power of Scent’, highlights the relationship of tiger sharks and the critical nesting site for green turtles at Raine Island on the Great Barrier Reef. She became the first foreign-flagged superyacht to legally charter in Australia under the relevant regulations, a milestone that underscores her operational ambition.Captain Gavin has navigated the sailing catamaran to the Norwegian fjords, where guests outfitted with crampons traversed ice and dined next to waterfalls. In New Zealand, charter itineraries combined time cruising through Milford Sound and diving expeditions off Stewart Island with time ashore in varying wine regions. No matter where <a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a> sails to, the agenda is set to highlight each location’s unique qualities.<img src="https://photo-assets.superyachttimes.com/photo/258055/image/large-bd341c48a82ba01379ccaa0fcd0f018b.jpg" data-gid="gid://syiq/Photo/258055"><a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a>&nbsp;for charterWhat makes chartering <a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a> so special isn’t just that she’s one of the most iconic sailing catamarans to ever be built, nor her incredible chartering route, but also her crew, who feel closer to family than colleagues. Half of Gavin’s current crew has been with him and <a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a> for over eight years, and one crew member has been onboard for 12 years.&nbsp;In today’s industry, the retention of crew is much rarer than when Gavin joined: “When I started in the industry, it was about travelling, about adventure and getting the experience.” Considering the remote destinations the superyacht travels, <a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a>’s crew remains eager not only to adventure, but to share the experience with both the owner and charter guests too.<a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a> usually sees about 10 to 11 weeks of charter per year, with guests that are as adventurous as her crew, often returning for new voyages across varying regions. Plans for the coming day are discussed between dinner courses, and largely centre around diving and fishing excursions. However, she is also a phenomenal platform for more conventional trips around the Mediterranean; and is outfitted with comprehensive equipment”. The yacht has comprehensive equipment and expertise onboard with the entire crew being well-versed in various water activities. The captain himself comes from a diving background, “I used to be on the great on the Great Barrier Reef”; a place Gavin still loves to take travellers to.<img src="https://photo-assets.superyachttimes.com/photo/394789/image/large-4f08bf2a54885a2811a70ed54fd56e57.jpg" data-gid="gid://syiq/Photo/394789">Sailing towards new horizonsCaptain Gavin and <a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a> are inseparable, having been part of her every bolt placed and kilometre travelled, yet the iconic superyacht is now looking for a new owner, and is for sale with <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>. Ideally the new owner would be someone who is aligned with the yacht’s original vision, someone who is willing to maintain her properly, invest in her crew and continue chartering her across the globe.&nbsp;The captain highlights that it’s about “finding the right person. There's no rush.” The current owner is looking to tidy up certain elements of his life, yet he is still actively travelling with the yacht and has always been active onboard, diving and fishing &nbsp;around the world alongside his friends and family.The bond that exists between the captain, the owner and the yacht is the result of 22 years of working together and seeing some of the most beautiful places in the world; something the captain hopes to share with whomever will come to own <a data-gid="gid://syiq/Yacht/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hemisphere44.2m (145'0&quot;)Pendennis Shipyard Ltd2011">Hemisphere</a> next.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/258061/image/large-7da029ca8bbaa54455d5cd21ee70d634.jpeg" data-gid="gid://syiq/Photo/258061">

A look at the birth, build and charter of Hemisphere

Step inside the birth, build and circumnavigation of world's most iconic sailing catamaran

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The birth, build and charter of 44m sailing catamaran Hemisphere

The 32-metre <a data-gid="gid://syiq/Yacht/16828" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gitana 1832.0m (104'12&quot;)CDK Technologies2026">Maxi Edmond de Rothschild trimaran Gitana 18</a> has completed its first stable foiling sea trials following the fitting of her first hydrofoil.<img src="https://photo-assets.superyachttimes.com/photo/395216/image/large-9a68e0e8588ebef79bc90f6b3e6a32d4.jpg" data-gid="gid://syiq/Photo/395216">The trimaran was launched in February this year following her construction at <a data-gid="gid://syiq/Company/6882" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CDK Technologies (Company)">CDK Technologies</a> in Lorient, Brittany. Her recent sea trials took place off the coast of Belle-Île in light wind conditions, with winds between 10 and 13 knots. <img src="https://photo-assets.superyachttimes.com/photo/395219/image/large-a63ff96529e4c181b222a61bc4465e6b.jpg" data-gid="gid://syiq/Photo/395219" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Read:&nbsp;<a data-gid="gid://syiq/Article/65174" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="32m Maxi Edmond de Rothschild trimaran Gitana 18 launched (2026-02-16 09:45:00 +0100)">32m Maxi Edmond de Rothschild trimaran Gitana 18 launched&nbsp;</a>With only five months left until <a data-gid="gid://syiq/Yacht/16828" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gitana 1832.0m (104'12&quot;)CDK Technologies2026">Gitana 18</a>’s first major sporting event, the Route du Rhum – Destination Guadeloupe, preparations are intensifying for defending race champion Charles Caudrelier, who steered the yacht through her first successful test flights earlier this week.According to the team, <a data-gid="gid://syiq/Yacht/16828" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gitana 1832.0m (104'12&quot;)CDK Technologies2026">Gitana 18</a> departed Lorient at dawn as Caudrelier and the <a data-gid="gid://syiq/Yacht/16828" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gitana 1832.0m (104'12&quot;)CDK Technologies2026">Gitana</a> crew headed offshore in search of the breeze needed for the 32-metre, 19-tonne trimaran to take flight for the first time. A few hours later, the trimaran successfully lifted into stable flight.The milestone followed the installation of the trimaran’s starboard hydrofoil, a massive Y-shaped pendulum appendage, developed with a total wingspan exceeding 10-metres, inspired by America’s Cup monohulls.<img src="https://photo-assets.superyachttimes.com/photo/395222/image/large-4f56e5ad9c1f32462d6a00b6305a6703.jpg" data-gid="gid://syiq/Photo/395222">Developed as the successor to the 2017-launched Gitana 17, the new trimaran introduces a more aerodynamic platform capable of transitioning from hybrid operation into full-flight mode. Naval architecture has been developed by <a data-gid="gid://syiq/Company/4347" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Guillaume Verdier Architecture Navale (Company)">Guillaume Verdier Architecture Navale</a> and <a data-gid="gid://syiq/Company/8650" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benjamin Muyl (Company)">Benjamin Muyl</a> in collaboration with the Gitana design office.“We knew Gitana 17 inside out. Here, everything is new. From Gitana 17 to <a data-gid="gid://syiq/Yacht/16828" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gitana 1832.0m (104'12&quot;)CDK Technologies2026">Gitana 18</a>, the feel is completely different. The boat is very stiff and responsive, which is exactly what we expected.”The recent trials build on the yacht’s earlier sea trial programme, which focused on checking the vessel’s mechanical systems, steering configuration and sail-handling arrangements before adding the hydrofoil.<img src="https://photo-assets.superyachttimes.com/photo/395218/image/large-fce28bd8c9558d3c7daab5d7d7fa5179.jpg" data-gid="gid://syiq/Photo/395218">Read:&nbsp;<a data-gid="gid://syiq/Article/65623" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="32m Maxi Edmond de Rothschild trimaran Gitana 18 on sea trials (2026-03-13 10:00:00 +0100)">32m Maxi Edmond de Rothschild trimaran Gitana 18 on sea trials</a>Beyond the new hydrofoil configuration, <a data-gid="gid://syiq/Yacht/16828" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gitana 1832.0m (104'12&quot;)CDK Technologies2026">Gitana 18</a> also introduces several revised technical systems, including an electric steering system, spreader mast arrangement and a newly developed autopilot created in partnership with WDS.<img src="https://photo-assets.superyachttimes.com/photo/395220/image/large-e3526ab19d5d817a51c8339007b31594.jpg" data-gid="gid://syiq/Photo/395220">“Our foils are truly the finishing touch to <a data-gid="gid://syiq/Yacht/16828" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gitana 1832.0m (104'12&quot;)CDK Technologies2026">Gitana 18</a>, one of the major innovations,” added Caudrelier. “We’ve pushed the design to the limit. These are highly technical components, unprecedented at this scale.”According to the Gitana Team, the yacht’s port-side hydrofoil will be installed over the coming weeks ahead of continued performance trials before her competitive debut later this year.<img src="https://photo-assets.superyachttimes.com/photo/395223/image/large-c91b0531a460261bfe72c9acf46e607f.jpg" data-gid="gid://syiq/Photo/395223" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">

32m Maxi Edmond de Rothschild trimaran Gitana 18 first foil flight

The 32m Maxi Edmond de Rothschild trimaran Gitana 18's debut flight following the installation of its starboard hydrofoil.


32m Maxi Edmond de Rothschild trimaran Gitana 18 completes first foil flight

<a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine</a> has announced the launch of the seventh 44-metre Mangusta Oceano 44 motor yacht, <a data-gid="gid://syiq/Yacht/13292" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lulus44.47m (145'11&quot;)Mangusta Yachts2026">Lulus</a>.<img src="https://photo-assets.superyachttimes.com/photo/395215/image/large-1fd605b07810d964e7fd462dc6b85266.jpg" data-gid="gid://syiq/Photo/395215">Built with a steel hull and aluminium superstructure, she was developed by her builder in collaboration with <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">P.L.A.N.A. Design</a> and designer <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini</a>. The owner also played an active role in the design process, tailoring the yacht to their specific requirements.The yacht was sold by <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> in December 2023 and project management throughout the build was overseen by the company's New Build Division.Described by the shipyard as a ‘modern overwater villa,’ <a data-gid="gid://syiq/Yacht/13292" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lulus44.47m (145'11&quot;)Mangusta Yachts2026">Lulus</a> spans three decks and features contemporary design solutions throughout. Floor-to-ceiling glazing enhances natural light onboard while creating a seamless flow between interior and exterior spaces. One of her standout features is the beach area, which transforms into a 180-degree waterside platform when the transom opens and the side terraces are unfolded.<img src="https://photo-assets.superyachttimes.com/photo/395215/image/large-1fd605b07810d964e7fd462dc6b85266.jpg" data-gid="gid://syiq/Photo/395215">In terms of performance, the Mangusta Oceano 44 reaches a top speed of 15.5 knots and offers a range of 4,500 nautical miles at a cruising speed of 11 knots. She is also equipped with electric zero-speed and underway stabilisers for enhanced comfort at anchor and while underway.The launch ceremony was attended by the owner and their family, friends, the crew, and members of the <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Overmarine Group</a> team who contributed to the project.“We are deeply proud of, and sincerely grateful for, the trust the owners have placed in <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> over the years: first through chartering, now throughout the build and with her art &amp; décor outfitting, and into the future as we manage their distinctive vessel,” concluded <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> Italy &amp; Group Head of New Build Managing Director Daniela Duck.<a data-gid="gid://syiq/Yacht/13292" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lulus44.47m (145'11&quot;)Mangusta Yachts2026">Lulus</a> is set to join <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>’ charter fleet following her delivery.

Overmarine Mangusta Oceano yacht Lulus launched

Overmarine has announced the launch of the seventh Mangusta Oceano 44 motor yacht, Lulus

Seventh Mangusta Oceano 44 yacht Lulus launched

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

Wave Expandary Limited acquires Camper & Nicholsons

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


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Insight: Pushing Camper & Nicholsons International into the future