Italy-based yacht builder <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has reported an increase in profitability across all levels in their latest financial report. The Board of Directors at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> confirmed the Q1 2023 results reporting double-digit growth of all main metrics.<img src="https://photo-assets.superyachttimes.com/photo/251953/image/large-55cc082ff4a9a8179c905e3cd857a19c.jpg" data-gid="gid://syiq/Photo/251953">“In line with our Business Plan 2023-2025, the results of the first quarter 2023 demonstrate the strength of the brand and the excellence of the business model of the Maison <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, which once again translates into increasing results and substantially in-line with our forecasts,” commented Massimo Perotti, Chairman and Chief Executive Officer of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>. <img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-7b5718deb5680c4926c86d70113ad2a3.jpg" data-gid="gid://syiq/Photo/261779"><a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> reported a net revenue of €183.7 million for the sale of new yachts in Q1, a 11.8 percent increase from the previous year’s results. The breakdown by geographical area confirmed the expansion of the European market which was up by &nbsp;50.3 percent compared to the first quarter of 2022. <img src="https://photo-assets.superyachttimes.com/photo/260252/image/large-ada74dc8b41b84a403a728772110d2bf.jpeg" data-gid="gid://syiq/Photo/260252">The order intake for the first quarter of 2023 is equal to €170.1 million, while the gross backlog up to March 2023 equates to €1.24 million, with a further increase in financial availability to support the Group’s objectives.Read: <a data-gid="gid://syiq/Article/57522" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo reports €740m net revenue from sale of new yachts for 2022 (2023-05-03 11:30:00 +0200)">Sanlorenzo reports €740m net revenue from sale of new yachts for 2022<img src="https://photo-assets.superyachttimes.com/photo/250520/image/large-0a3fbeca280e8c3933c53ff570e0aa4f.jpg" data-gid="gid://syiq/Photo/250520"></a>“Our backlog is consistent and of high quality, 92 percent sold to final clients. The next deliveries are not available before summer 2025 for yachts and before summer 2026 for superyachts. This combination results in a high-degree visibility, well above the industry average, which allows for an enviable planning,” added Massimo Perotti.<img src="https://photo-assets.superyachttimes.com/photo/254882/image/large-24c2c6fee353841bc8f326fecea1254a.png" data-gid="gid://syiq/Photo/254882">The group also reported a net profit of €17.2 million, up by 23 percent compared to Q1 2022. This gives a margin of 9.4 percent on net revenue of new yachts, up by 90 basis points. <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has also continued to strengthen partnerships with strategic suppliers such as Sea Energy and Duerre.“We continue the strategic strengthening of our supply chain as demonstrated by the investments made to acquire the stake in <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a> and the acquisition of the majority of Duerre to ensure the procurement of key works and the supervision of the unique know-how offered by our territory,” explained Massimo Perotti.Read:&nbsp;<a data-gid="gid://syiq/Article/57510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo signs offer to acquire a further 33% stake in Duerre (2023-05-02 11:15:00 +0200)">Sanlorenzo signs offer to acquire a further 33% stake in Duerre<img src="https://photo-assets.superyachttimes.com/photo/250646/image/large-18832677c619206548f392505500f566.jpg" data-gid="gid://syiq/Photo/250646"></a><a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> also stated that EBITDA was at €31.2 million for Q1 2023, up 21.2 percent compared to Q1 2022. As well as this EBIT was at €24.2 million, also up 22 percent compared to last year.“We are confident that the future of the sector will depend on innovation, especially in the field of sustainability. Therefore, by providing concrete answers and with a long-term vision to lead towards a zero- emission yachting transition, we continue to invest in research and development, confident of the path we have taken,” concluded Massimo Perotti.

Sanlorenzo reports €184 million net revenue in Q1 2023 report

Sanlorenzo superyacht fleet

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Massimo Perotti, CEO of Sanlorenzo

Sanlorenzo

Sanlorenzo SD90 yacht cruising

Sanlorenzo SL106 yacht cruising

Massimo Perotti, Chairman and CEO of Sanlorenzo

Sanlorenzo has reported an increase in profitability across all levels in their latest financial report.

Sanlorenzo reports €184 million net revenue for new yachts in Q1 2023 report

The 24.78-metre <a data-gid="gid://syiq/Company/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burger Boat Company (Company)">Burger Boat</a> motor yacht <a data-gid="gid://syiq/Yacht/6904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laid Back 24.78m (81'4&quot;)Burger Boat Company1989">Laid Back</a> sold in a deal with Bill Powers of <a data-gid="gid://syiq/Company/2578" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="26 North Yachts (Company)">26 North Yachts</a> introducing the buyer and Pam Barlow of <a data-gid="gid://syiq/Company/10" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luke Brown Yachts (Company)">Luke Brown Yachts</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/233587/image/large-019d4589b7bf473c618927c9d490772b.jpeg" data-gid="gid://syiq/Photo/233587">Delivered in 1989 from the United States, <a data-gid="gid://syiq/Yacht/6904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laid Back 24.78m (81'4&quot;)Burger Boat Company1989">Laid Back</a> is part of the 80’ Burger series. She was designed in full by her builder <a data-gid="gid://syiq/Company/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burger Boat Company (Company)">Burger Boat Company</a> which were responsible for her interior and exterior design, as well as her naval architecture.<img src="https://photo-assets.superyachttimes.com/photo/233594/image/large-f7ac9ec5f6e942e4bf106a232a9ef7eb.jpeg" data-gid="gid://syiq/Photo/233594"><img src="https://photo-assets.superyachttimes.com/photo/233593/image/large-4a66247e9f3e93eda81d06c996a94bd9.jpeg" data-gid="gid://syiq/Photo/233593"><img src="https://photo-assets.superyachttimes.com/photo/233589/image/large-f1773b2a07be5eff6a33b9f8fd99af88.jpeg" data-gid="gid://syiq/Photo/233589"><a data-gid="gid://syiq/Yacht/6904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laid Back 24.78m (81'4&quot;)Burger Boat Company1989">Laid Back</a> features a three stateroom configuration, with accommodation for up to six guests. She boasts a classic interior design with a high use of woods to accompany her contemporary main saloon. <img src="https://photo-assets.superyachttimes.com/photo/233592/image/large-f8516c68df1ab3dced8f707f3959420f.jpeg" data-gid="gid://syiq/Photo/233592"><img src="https://photo-assets.superyachttimes.com/photo/233596/image/large-dfc47880c70d767b13eff8d94866a6ff.jpeg" data-gid="gid://syiq/Photo/233596">In terms of propulsion, <a data-gid="gid://syiq/Yacht/6904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laid Back 24.78m (81'4&quot;)Burger Boat Company1989">Laid Back</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 which propel her to a top speed of 21 knots and a comfortable cruising speed of 17 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/6904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laid Back 24.78m (81'4&quot;)Burger Boat Company1989">Laid Back</a> had a last known asking price of $1,195,500. <img src="https://photo-assets.superyachttimes.com/photo/233591/image/large-dee8a0f556781988c2fd5e8a0365b626.jpeg" data-gid="gid://syiq/Photo/233591">

25m Burger Boat yacht Laid Back sold

The 25m Burger Boat motor yacht Laid Back sold with a last known asking price of $1,195,500.

25m Burger Boat motor yacht Laid Back sold

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> has announced a new reinvestment fund for the superyacht industry, aimed at ocean conservation. The Ocean Assist Fund plans to promote a new path into nurturing both ocean and human vitality.<img src="https://photo-assets.superyachttimes.com/photo/273322/image/large-81c76517a9d6ab0a6ba06abc70e22e99.jpg" data-gid="gid://syiq/Photo/273322">The Ocean Assist Fund will be used to select marine conservation and restoration projects to allocate funds granted by the yachting community. 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> will use appropriate criteria to determine which projects are selected and will ensure that support goes to the most urgent needs.“By prioritising projects and adopting scientific tools that are urgently needed to protect the oceans, the superyacht community can maximise financial and non-financial resources to support nature-based solutions and aid the global effort to mitigate ecological impacts,” said <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>.<img src="https://photo-assets.superyachttimes.com/photo/237001/image/large-34661eb661037cedcc9fa816ea2839c9.jpg" data-gid="gid://syiq/Photo/237001">Read: <a data-gid="gid://syiq/Article/56401" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation unveils YETI 1.0 to evaluate environmental impact in yachting (2022-11-17 16:45:00 +0100)">Water Revolution Foundation unveils YETI 1.0 to evaluate environmental impact in yachting</a>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> will work with an independent scientific advisory board composed of renowned ocean scientists to identify the projects that will have the greatest impact in preserving the ocean and will feed back their findings to the yachting community.“By investing in ocean conservation through this programme, the superyacht community can act as a significant force to solve ocean problems and make a positive collective impact, not only for themselves but for the planet as a whole,” commented 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>. <img src="https://photo-assets.superyachttimes.com/photo/210814/image/large-2f97f065978c36e73e041f8b3df36273.jpg" data-gid="gid://syiq/Photo/210814">Read: <a data-gid="gid://syiq/Article/56155" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sustainable mooring: How to preserve the world’s largest lung? (2022-10-13 14:30:00 +0200)">Sustainable mooring: How to preserve the world’s largest lung?</a>The project aims to raise awareness and commitment within the yachting community, and will transform financial support for ocean conservation into a business proposition. The project will create a new age of regenerative development in the yachting sector, to help revive our invaluable marine ecosystems.&nbsp;“The Ocean Assist programme will enable yachting to contribute to the achievement of the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals – which seek to protect planet’s and human health, conserve biodiversity, combat climate change and improve livelihoods for everyone, everywhere,” concluded 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>.<img src="https://photo-assets.superyachttimes.com/photo/240105/image/large-08aa65fd6517d3cb3aafc9d8202ab996.jpeg" data-gid="gid://syiq/Photo/240105">

Water Revolution Foundation announces Ocean Assist Fund

The Water Revolution Foundation has announced the Ocean Assist Fund for the superyacht industry, aimed at ocean conservation.

Water Revolution Foundation announces Ocean Assist Fund for ocean conservation

Turkey-based yacht builder <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a> has unveiled a new 52-metre <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 superyacht model, with two hulls already in-build. The <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 motor yacht uses innovative design elements with outstanding craftsmanship and builds upon the already successful <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 163 model.<img src="https://photo-assets.superyachttimes.com/photo/272706/image/large-0c86f28182ca880acdb5367f9982e42e.jpg" data-gid="gid://syiq/Photo/272706">The <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 yacht showcases a collaboration between renowned exterior designer Emrecan Özgün of <a data-gid="gid://syiq/Company/4305" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unique Yacht Design (Company)">Unique Yacht Design</a> and esteemed interior design house <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a>. The Bilgin 170 differs from her sistership the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 164, with a larger and more traditional bow shape, to create an overall sleeker appearance.“The layout of the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170-I remains identical to its sibling models, ensuring familiarity and ease of use for customers,” explained Emrecan Özgün. “The primary goal during the design process was to optimise the 50-metre models, achieving a more sporty and masculine look, while blending the design seamlessly to offer customers the ability to utilise both open and enclosed spaces under 500 GT.”The interior of the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 has been skillfully designed by <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a> to complement her striking exterior. She focuses on luxury, comfort, and elegance, while combining the interior functionality with refined aesthetics.<img src="https://photo-assets.superyachttimes.com/photo/272707/image/large-39a30d39b7a0df128f0dcd7bc793e298.jpg" data-gid="gid://syiq/Photo/272707">“The <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 draws on the experience gained from the successful 47 and 50-metre projects and combines elegance with timeless lines. The 499 GT yacht is able to accommodate up to 12 guests and a crew of nine. She has an elegant exterior and interior as well as a unique beach club and outdoor spaces,” explained Berkay Yılmaz, Commercial Director of <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a>.The <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 features an elongated bridge deck aft, extending by 1.5-metres to amplify her living space and offer a spacious and shaded area for guests to unwind. Her beach club on the lower deck ensures plenty of natural light with expansive windows when all three doors are closed.&nbsp;“We are thrilled to unveil the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170, a stunning yacht that represents the pinnacle of design and craftsmanship,” said İsmail Şengün, the CEO at <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a>. “Emrecan Özgün's innovative approach and <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a>'s impeccable interior design have resulted in a vessel that exudes sportiness and elegance, elevating the yacht experience to new heights.”<img src="https://photo-assets.superyachttimes.com/photo/272704/image/large-18023ad16112c054f42e20bf68c83c55.jpg" data-gid="gid://syiq/Photo/272704">Key features onboard the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 include her classic bow shape which provides additional private seating and sunbathing areas once her rescue boat for the tender is deployed. Her swim platform also provides direct contact with the sea, as well as sun loungers for guests to relax.The first unit of the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 series is scheduled for delivery by the end of 2024, followed closely by the second unit, which is slated to be available in time for 2025.

New 52m Bilgin 170 superyacht model in-build

Bilgin Yachts has unveiled a new 52m Bilgin 170 superyacht model, with two hulls already in-build.

Bilgin Yachts unveils 52m in-build Bilgin 170 superyacht

The demand for very large sailing yachts is nothing like that for large motor yachts, but over the last few years there has been increased interest in very large sailing yachts. Some projects have been delivered, some are under construction and others are on the drawing board. <img src="https://photo-assets.superyachttimes.com/photo/271922/image/large-b991006523bd905dbed9b749b4cd42e1.jpg" data-gid="gid://syiq/Photo/271922">We ask a panel of experts – Bart van der Meer (engineering sailing systems at <a data-gid="gid://syiq/Company/458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rondal B.V. (Company)">Rondal</a>), Rudy Jurg (sales manager at <a data-gid="gid://syiq/Company/458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rondal B.V. (Company)">Rondal</a>), Rob Doyle (<a data-gid="gid://syiq/Company/3009" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rob Doyle Design (Company)">Rob Doyle Design</a>), Thys Nikkels (<a data-gid="gid://syiq/Company/230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dykstra Naval Architects (Company)">Dykstra Naval Architects</a>) and Bill Tripp (<a data-gid="gid://syiq/Company/230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dykstra Naval Architects (Company)">Tripp Design</a>) – about the challenges of designing, building and operating a 100-metre sloop.<img src="https://photo-assets.superyachttimes.com/photo/271904/image/large-0e8d661bb3efb5b36591b231f65ec1e7.jpg" data-gid="gid://syiq/Photo/271904">Is it possible to create the mast and rigging for a 100-metre sloop that is both safe and Class approved?&nbsp;Bart van der Meer: Yes, it is certainly possible to create a complete rig and sailing system for a yacht of this size. It does, of course, present some interesting challenges, but Rondal has built its reputation on resolving challenges.&nbsp;Rob Doyle: For a 100-metre sloop in terms of length overall, no, it is not possible. For a 100-metre spar height, yes, that is possible. If someone says ’yes’ to a 100-metre LOA yacht they are out of their depth and have not fully researched all the options involved. At RDD we have done a huge amount of research on this question and we are one of the few naval architects and design studios that have an understanding of the complexibility of such a big rig. Class approval would be difficult, but they will lean hard on the naval architect’s calculations, research and experience.&nbsp;Thys Nikkels: When we are pushing boundaries with any aspect of a design the answer is always ‘Do your homework!’ If you do not have experience with a certain size or configuration you have to do the necessary research and development to prove the design is feasible. Feasible in concept, safe in construction and safe in operation, only then can you tell a client that it is possible, and to do that you have to work with a team of researchers, material specialists, builders to find the required solutions for the challenges.<img src="https://photo-assets.superyachttimes.com/photo/108433/image/large-6f7ee4bb350c7e7604865e0774d55463.jpg" data-gid="gid://syiq/Photo/108433">Are there any suppliers who would take the risk of building such a yacht?Bart van der Meer: We have already built three impressive 70-metre-plus &nbsp;rigs and are currently planning a large rig for an 85-metre sloop, which will become one of the world’s largest.Rob Doyle: There are two really only two manufacturers that can build big rigs. Rigging would be another significant difficulty, along with winches, systems, furling, hull structures, regulations and more.<img src="https://photo-assets.superyachttimes.com/photo/271932/image/large-fe57b0ec686c9fcbbe3f0f91922d0a1d.jpg" data-gid="gid://syiq/Photo/271932">Even if you could build it, would it be safe to operate for the crew?Bart van der Meer: Given the exceptional loads, risk factors for the crew are already an important factor in planning sailing systems for today’s largest sailing yachts, especially when racing. These loads and the sheer length and weight of running rigging do increase exponentially when looking at a rig for a 100-metre sloop. But we should keep in mind that, at this end of the superyacht fleet, only the most highly qualified and experienced crew would manage and trim the sail plan. They would do so with access to very sophisticated load sensors and safety triggers to ensure loads and risks remain within the design boundaries. There is also the possibility that these big rigs could be operated fully automatically. Especially as the cost related to fully automating a sailing system becomes smaller in comparison to the overall cost. However, this route could present new challenges of its own until fully proven.Rob Doyle: We will always design rigs with safe operation in mind, the numbers involved are huge and operation of a sail plan of this size would be very difficult, if not impossible. The size of the systems to control such a rig are significant and very detailed research is required, the sparmakers can build very big rigs – the limit is the yacht not the spar tube.&nbsp;Thys Nikkels: In the end, a large sloop will only work for the client if it can be safely and relatively easily operated by the crew. Otherwise the rig will never, or only sporadically, be used.<img src="https://photo-assets.superyachttimes.com/photo/236181/image/large-38e23873797382eff5e629953f24cb77.jpeg" data-gid="gid://syiq/Photo/236181">Have you had any requests for such a large project and do you expect that one day a client will decide to build one?Rudy Jurg: We have already been introduced to enquiries and concepts of this size that for one reason or another have yet to progress. I have little doubt that 100-metre-plus rigs will be built in the future. The first one will be commissioned by a very ambitious and visionary individual with deep pockets. Once this client’s project is afloat, others are more likely to follow.&nbsp;Rob Doyle: Yes, we have had requests for such yachts a number of times. What we explain first is that the jump from 78-metre M5 to a sloop with a spar length of 100 metres is enormous. If you have not designed and built big rigs before, then a client is very exposed. At RDD we have designed more big rigs, both sloop and ketches, than many other naval architects, but the numbers are staggering when you present the research and the real build numbers. <img src="https://photo-assets.superyachttimes.com/photo/272049/image/large-6060ad9c10f61da7535208d03e662ce4.jpg" data-gid="gid://syiq/Photo/272049">What are the cost implications of building a 100-metre sloop compared with a schooner of similar size?&nbsp;Bart van der Meer: One of the biggest cost implications is that most of the hardware needs to be designed from scratch for the sloop. Nothing on this scale is readily available on the market: no furlers, no toggles, no winches. And it needs to be designed not just bigger, but exponentially bigger. Take a runner winch, for example. From a 30-metre sloop to a 60-metre sloop, the retrieving length will double and the pull force goes from roughly 10 to 30 tonnes. If you want to be able to retrieve the runners at the same time, you’ll need four times more winch power to double the speed and more than double the force.&nbsp;When you recall it was considered doubtful if you could fly a spinnaker from the mast of a 100-foot sloop 30 years ago, we can see that the evolution of marine design technology has always innovated to address such issues. The expertise is there to make the rig of a 100-metre sloop happen, &nbsp;as long as it is accepted that substantial system development costs as well as the hardware manufacturing costs will bear heavily on the first project. For these reasons, it will certainly cost more than the rig of a 100-metre schooner or ketch.Rob Doyle: Hard questions because if you want to be the tip of the sword, a visionary owner that wants to reach for the stars and build the biggest sloop. But you may need to ask yourself: is the ketch a better option at the 100-metre LOA size?<img src="https://photo-assets.superyachttimes.com/photo/236173/image/large-d089b6d8c8cd89662da7e3fc43a4f62c.jpeg" data-gid="gid://syiq/Photo/236173">Given all the factors above and from your own experience, what is the ideal size for a super-sloop?Rudy Jurg: It is difficult to say there is an ideal size, though we do know that the ‘ideal’ size keeps on growing as larger yachts prove their reliability and their capacity to deliver exceptional lifestyle experiences and amenities to owners and their guests. Ultimately the ‘ideal’ will always be related to owners’ plans, their financial resources, their vision and ambition.Rob Doyle: I believe an 85-metre LOA sloop would be the limit, but there are different factors at play that have to be understood and it's more about the length/beam ratio than LOA, which would be a more suitable metric to start with. On the limit of tube lengths, you need to ask the spar maker for that number, but we are comfortable with the tube lengths we have spoken to clients and sparmakers about.This article was originally published in September 2022 of Issue 1 of the How to Build It magazine. <a href="https://superyachttimes.com/api/download/how-to-build-it-issue-1" target="_blank">You can download the entire magazine for free here</a>.

Ask the Expert: Is a 100-metre sloop feasible or even desirable?

SYT asked a panel of experts about the challenges of designing, building and operating a 100-metre sloop.


The 23.98-metre eponymous <a data-gid="gid://syiq/Company/5312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless Yachts (Company)">Timeless</a> yacht <a data-gid="gid://syiq/Yacht/8491" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless23.98m (78'8&quot;)Timeless Yachts2018">Timeless</a> sold at auction with broker Arjen Hoeksma of <a data-gid="gid://syiq/Company/9" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Valk Yacht Brokers (Company)">De Valk Yacht Brokers</a> and auction organiser Wim Schimmel of <a data-gid="gid://syiq/Company/6345" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtBid.com (Company)">YachtBid</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/273147/image/large-9cdf3e8827b28f7ea267985a8939a44e.jpg" data-gid="gid://syiq/Photo/273147">The custom-built explorer yacht <a data-gid="gid://syiq/Yacht/8491" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless23.98m (78'8&quot;)Timeless Yachts2018">Timeless</a> was built and launched in 2018 by <a data-gid="gid://syiq/Company/5312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless Yachts (Company)">Timeless Yachts</a> in Poland. The aluminium motor yacht is equipped with two decks of luxury and features naval architecture by <a data-gid="gid://syiq/Company/1993" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Studio Strawinski (Company)">Yacht Studio Strawinski</a>.<img src="https://photo-assets.superyachttimes.com/photo/259773/image/large-b5267efe59a0c30aa7a699a187b7d97e.png" data-gid="gid://syiq/Photo/259773"><img src="https://photo-assets.superyachttimes.com/photo/259774/image/large-ab9b68e33c321344cb59fb6a8743d69d.png" data-gid="gid://syiq/Photo/259774"><a data-gid="gid://syiq/Yacht/8491" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless23.98m (78'8&quot;)Timeless Yachts2018"><img src="https://photo-assets.superyachttimes.com/photo/259762/image/large-57d8a09a47d3724e8c7a7fce6d39f2cd.png" data-gid="gid://syiq/Photo/259762">Timeless</a> can comfortably sleep up to eight guests across a four stateroom layout and offers a timeless interior design with a neutral colour palette. <img src="https://photo-assets.superyachttimes.com/photo/273148/image/large-3609236d22317356cee5295f47d2664f.jpg" data-gid="gid://syiq/Photo/273148"><img src="https://photo-assets.superyachttimes.com/photo/259759/image/large-aa11e0dc64737a8b5f7dce57ed28dd8b.png" data-gid="gid://syiq/Photo/259759">In terms of performance, <a data-gid="gid://syiq/Yacht/8491" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless23.98m (78'8&quot;)Timeless Yachts2018">Timeless</a> is equipped with twin <a data-gid="gid://syiq/Company/1483" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cummins Inc. (Company)">Cummins</a> engines, giving her a top speed of 12 knots. At the time of her sale, Timeless had a starting price at auction of €1,000,000.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/259755/image/large-02ecfdb667ba2ce773a4ca8f5b226f4d.png" data-gid="gid://syiq/Photo/259755">

Explorer yacht Timeless sold at auction

The 24m Timeless yacht Timeless sold at auction with a last known starting price of €1,000,000. 

24m explorer yacht Timeless sold at auction

The 29-metre <a data-gid="gid://syiq/Company/886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine Savannah (Company)">Intermarine</a> motor yacht <a data-gid="gid://syiq/Yacht/5543" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lukousaurus29.0m (95'2&quot;)Intermarine Savannah2001">Lukousaurus</a>&nbsp;previously named Krishelle, has been sold with Matthew Martin of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> representing the buyer and Peter Jeisey of <a data-gid="gid://syiq/Company/6998" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grand Isle Marina (Company)">Grand Isle Marina</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/273152/image/large-8bdac6b289c8e1c258b395ba718419e0.jpg" data-gid="gid://syiq/Photo/273152">The flybridge yacht was delivered in 2001 and is the ninth-largest yacht built by <a data-gid="gid://syiq/Company/886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine Savannah (Company)">Intermarine</a>. She features interior design by the <a data-gid="gid://syiq/Company/150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pavlik Design Team (Company)">Pavlik Design Team</a>. Up to six guests are accommodated onboard the superyacht <a data-gid="gid://syiq/Yacht/5543" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lukousaurus29.0m (95'2&quot;)Intermarine Savannah2001">Lukousaurus</a>, and she also has accommodation for three crew members including the captain. <img src="https://photo-assets.superyachttimes.com/photo/273153/image/large-e19fce349a3584a61a2c665c9a9f1831.jpg" data-gid="gid://syiq/Photo/273153"><img src="https://photo-assets.superyachttimes.com/photo/273154/image/large-242b61559360d3226ed6fe6523d3c6fa.jpg" data-gid="gid://syiq/Photo/273154">The flybridge yacht is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, which give her a top speed of 22 knots. The yacht carries 15,991 litres of fuel onboard.Her last known asking price was $1,595,000.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/190630/image/large-ff93ff09df2c68c6b6c73caaba78150a.jpeg" data-gid="gid://syiq/Photo/190630">

29m Intermarine flybridge yacht Lukousaurus sold

The 29-metre Intermarine flybridge yacht Lukousaurus has sold with Fraser representing the buyer and Grand Isle Marina representing the seller

29m Intermarine motor yacht Lukousaurus sold

The 24.73-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/11965" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alin24.73m (81'2&quot;)Ferretti Yachts2010">Alin</a> has been sold in an in-house deal with Marco Fiorani of <a data-gid="gid://syiq/Company/4585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Idea Yachting (Company)">Idea Yachting</a> representing both the buyer and the seller. <img src="https://photo-assets.superyachttimes.com/photo/218596/image/large-864486f9b85dfc9372a38a171aada1a7.jpeg" data-gid="gid://syiq/Photo/218596"><img src="https://photo-assets.superyachttimes.com/photo/218588/image/large-4f519970c2f52d94910802cae0667114.jpeg" data-gid="gid://syiq/Photo/218588"><img src="https://photo-assets.superyachttimes.com/photo/218589/image/large-bcdefded288920af83581702979a0482.jpeg" data-gid="gid://syiq/Photo/218589">The motor yacht was delivered in 2010 and features exterior 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 interior was also penned 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>, with naval architecture by <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>. Up to eight guests are accommodated onboard the superyacht <a data-gid="gid://syiq/Yacht/11965" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alin24.73m (81'2&quot;)Ferretti Yachts2010">Alin</a>, and she also has accommodation for four crew members, including the captain. <a data-gid="gid://syiq/Yacht/11965" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alin24.73m (81'2&quot;)Ferretti Yachts2010"><img src="https://photo-assets.superyachttimes.com/photo/218586/image/large-4449acff63ccec040b780eff05b8cac6.jpeg" data-gid="gid://syiq/Photo/218586"><img src="https://photo-assets.superyachttimes.com/photo/218600/image/large-45c738fb1fdab4085b2281a5faca0250.jpeg" data-gid="gid://syiq/Photo/218600">Alin </a>has a grp hull and grp superstructure. She 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, which give her a cruising speed of 27 knots and a top speed of 30 knots. The yacht carries 6,750 litres of fuel onboard, and 1,320 litres of water.<img src="https://photo-assets.superyachttimes.com/photo/218603/image/large-4fd75083ae73aa12dd93762a1fd8522c.jpeg" data-gid="gid://syiq/Photo/218603">Her last known asking price was €2,200,000.

25m Ferretti motor yacht Alin sold

24.73-metre Ferretti motor yacht Alin has sold with Marco Fiorani of Idea Yachting, representing both the buyer and the seller.

The <a data-gid="gid://syiq/Event/176" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Giorgio Armani Superyacht Regatta - 2023">Giorgio Armani Superyacht Regatta</a> got off to a perfect start yesterday. A north-easterly breeze of about 7 knots intensified, as expected, to around 12 knots and rotated towards the southeast over the course of the day. At 1 p.m. the Race Committee sounded the start for the 45-metre <a data-gid="gid://syiq/Company/476" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fitzroy Yachts (Company)">Fitzroy Yachts</a> <a data-gid="gid://syiq/Yacht/1684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gitana45.0m (147'8&quot;)Fitzroy Yachts2009">Gitana</a> was the first superyacht off the line in the staggered starting sequence. <img src="https://photo-assets.superyachttimes.com/photo/273210/image/large-1ca68fcebecb25729ddbe561c9b9ef4c.jpg" data-gid="gid://syiq/Photo/273210">The <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> division started their races at 1:30 p.m and the SW105 <a data-gid="gid://syiq/Yacht/10474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SØRVIND34.59m (113'6&quot;)Southern Wind2022">Sørvind</a> quickly flew ahead of the fleet. Both divisions started in Porto Cervo before rounding the island of Monaci. After leaving the Monaci lighthouse to port, the superyacht division sailed up the coast of the island of Caprera and entered the Saline gulf, where they left a mark to port before returning to Porto Cervo via the Bisce Pass, for a total of approximately 20 miles.<img src="https://photo-assets.superyachttimes.com/photo/273214/image/large-9e5198223ed71b0cf766b8e8ad9b612a.jpeg" data-gid="gid://syiq/Photo/273214">Until the first mark, the Wallycento <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a> remained at the back of the fleet, but took a close line around the Monaci island, jibbing ahead of the fleet and taking a steady lead on the race to the island of Caprera. The superyacht's lead steadily grew throughout the afternoon, with the rest of the fleet behind her. <img src="https://photo-assets.superyachttimes.com/photo/273213/image/large-9cad2daf9a17b1b42df2cf63f9c4f266.jpeg" data-gid="gid://syiq/Photo/273213">The first day saw the 33-metre <a data-gid="gid://syiq/Company/327" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baltic Yachts (Company)">Baltic</a> 108 <a data-gid="gid://syiq/Yacht/4749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="WinWin33.04m (108'5&quot;)Baltic Yachts2014">WinWin</a> take victory in the Superyacht Cruising Class division, followed by another 108-footer in the form of Inoui, with owner-helmsman and regular participant in the Giorgio Armani Superyacht Regatta, Marco Vogele, on board. The <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters</a> <a data-gid="gid://syiq/Yacht/4020" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inoui33.4m (109'7&quot;)Vitters Shipyard2013">Inoui</a> fought for most of the course with <a data-gid="gid://syiq/Yacht/5680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pattoo33.0m (108'3&quot;)Vitters Shipyard2016">Pattoo</a>, another 33-metre <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters</a> yacht which already has a win in Porto Cervo under her belt, when she was known as Missy. The Wallycento <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a>, meanwhile, claimed the top spot in the Combined Performance and Cruising Class, finishing the race by a 2 minute corrected lead, having started last in the staggered starting sequence.<img src="https://photo-assets.superyachttimes.com/photo/273215/image/large-d39a3ba7e0942006f83c4c4454284d09.jpeg" data-gid="gid://syiq/Photo/273215">Ken Read, multi-award winning sailor and tactician on the Wallycento <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a>, declared: "We couldn't have asked for a better day here in Porto Cervo. Sunshine, flat seas and a gentle breeze of 12 knots, a perfect situation for these boats. The beauty of this place always amazes me and sailing here with these boats is a unique experience, they let me have a few moments in which to look around and smile, because honestly there is nothing more beautiful than all this."<img src="https://photo-assets.superyachttimes.com/photo/273216/image/large-8fefcfc59674712fada243c28e3a3226.jpeg" data-gid="gid://syiq/Photo/273216">Results aren't drawn up for the boats taking part in the <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> Rendezvous, reflecting the particularly convivial atmosphere that reigns at this gathering, now in its 17th edition. The fleet sailed in a compact group and the owners were able to enjoy the same course as the Superyacht division. <img src="https://photo-assets.superyachttimes.com/photo/273212/image/large-5876fe1fa0da0cc510c8beaa12159f3c.jpg" data-gid="gid://syiq/Photo/273212">Racing continues today, 8th June, with a breeze similar to today's forecast. The start for the <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> Rendezvous division is scheduled for 11:30 a.m, followed by the Superyacht division at around midday. Organised by the <a data-gid="gid://syiq/Company/2826" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club Costa Smeralda (Company)">Yacht Club Costa Smeralda</a> with the support of title sponsor Giorgio Armani, the event is is now in its 16th edition.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/273211/image/large-293abf27b8bbaa226731cc42ce1438a7.jpg" data-gid="gid://syiq/Photo/273211">

Giorgio Armani Superyacht Regatta 2023 day 1

The Giorgio Armani Superyacht Regatta began yesterday with wallycento V taking the day.

Wallycento V takes the first day at the Giorgio Armani Superyacht Regatta

<img src="https://photo-assets.superyachttimes.com/photo/273033/image/large-666e4cc9afe6511029b40f19c9037df1.jpeg" data-gid="gid://syiq/Photo/273033">Spotted last week anchored in Antibes is the 91.5-metre Ice-Classed superyacht <a data-gid="gid://syiq/Yacht/4018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tranquility91.5m (300'2&quot;)Oceanco2014">Tranquility</a>. Previously known as Equanimity, the true world exploration vessel was delivered in 2014 as one of the largest vessels in the <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> fleet. She features naval architecture by <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>, elegant exterior lines by her builder and an oriental-inspired interior penned by <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a>. Onboard, the 2,998 GT superyacht can accommodate up to 18 guests and comes complete with a helicopter landing pad, a large swimming pool as well as a gym and wellness centre. <a data-gid="gid://syiq/Yacht/4018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tranquility91.5m (300'2&quot;)Oceanco2014">Tranquility</a> is currently listed for sale with an asking price of €149,900,000. She's also available for charter with <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a>. Take a closer look <a data-gid="gid://syiq/Article/53489" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Five coolest things to do on board Tranquility (2021-08-09 12:00:00 +0200)">onboard here</a>.

92m superyacht Tranquility in Antibes

The 92m superyacht Tranquility, built by Oceanco, is seen here anchored in Antibes.

The 60.96-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</a> has entered the market. The <a href="https://www.superyachttimes.com/yachts/samadhi/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Samadhi, for sale</a>, was commissioned by experienced owners and has been maintained to the highest standards, leaving her in turnkey condition for her new owner.<img src="https://photo-assets.superyachttimes.com/photo/273156/image/large-2c77f3d6b7f8fdd330e353849437c5d4.png" data-gid="gid://syiq/Photo/273156"><a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</a> features exterior design and naval architecture by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt</a> and has recently completed an extensive refit in May 2023. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> also boasts a contemporary interior design by the highly sought after French designer <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Rémi Tessier</a>.<img src="https://photo-assets.superyachttimes.com/photo/273158/image/large-daf86144ea0b19cb956ee874b7754b56.png" data-gid="gid://syiq/Photo/273158"><img src="https://photo-assets.superyachttimes.com/photo/273159/image/large-adec3172a22e865e28c8d3070c512713.png" data-gid="gid://syiq/Photo/273159"><img src="https://photo-assets.superyachttimes.com/photo/273157/image/large-1e3332a9b18c44c3df3d068ddc655e8b.png" data-gid="gid://syiq/Photo/273157"><a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</a> offers guests 1,036 GT of interior space, and her large main saloon is bathed in plenty of natural light, thanks to picture windows that line her port and starboard lengths. Forward of this area is her dining area with seating for up to 10 guests around her circular table.<img src="https://photo-assets.superyachttimes.com/photo/273162/image/large-2d911aa5f2a0856d787122b4cb1aa167.png" data-gid="gid://syiq/Photo/273162"><img src="https://photo-assets.superyachttimes.com/photo/273177/image/large-264c62eef56c98f56303d6288e1989a8.png" data-gid="gid://syiq/Photo/273177">The <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> can comfortably accommodate up to 12 guests across a six stateroom configuration, with her owner's suite located on the main deck. The master suite includes an office, handcrafted wardrobes and a luxurious marble ensuite bathroom with sauna, tub and shower.<img src="https://photo-assets.superyachttimes.com/photo/273171/image/large-c621da269dc4ea50fb1c4dced4019861.png" data-gid="gid://syiq/Photo/273171"><img src="https://photo-assets.superyachttimes.com/photo/273174/image/large-84aec8bfe616f2046337931e5012c871.png" data-gid="gid://syiq/Photo/273174"><img src="https://photo-assets.superyachttimes.com/photo/273176/image/large-b596e1f6e6e7754e15b7c2280ec1019b.png" data-gid="gid://syiq/Photo/273176">The remaining guest staterooms are situated on the lower deck and consist of two double staterooms and two convertible twins, all with ensuite bathrooms. There is also an additional stateroom which is suited for children, or staff such as a nanny.<img src="https://photo-assets.superyachttimes.com/photo/273160/image/large-e2c84bd8b93d3fe3b758bd7269e3ec1f.png" data-gid="gid://syiq/Photo/273160"><img src="https://photo-assets.superyachttimes.com/photo/273163/image/large-612f41f03323e071ae2748d6a455233d.png" data-gid="gid://syiq/Photo/273163"><a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</a> features plenty of exterior spaces, perfect for entertaining or socialising. Her skylounge includes a cinema room, which connects to the upper deck alfresco dining area. Other key amenities onboard include a fully equipped gym and a packed toy box with <a data-gid="gid://syiq/Company/3030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cayago AG / Seabob (Company)">Seabobs</a>, Jet Skis, a waterslide, trampoline and an assortment of diving and snorkelling gear.<img src="https://photo-assets.superyachttimes.com/photo/273190/image/large-851a140faf30ccfb125082e9b96c2749.png" data-gid="gid://syiq/Photo/273190">=<img src="https://photo-assets.superyachttimes.com/photo/273185/image/large-9531e439140a8edab685ed3224e3da9d.png" data-gid="gid://syiq/Photo/273185">The <a href="https://www.superyachttimes.com/yachts/feadship/for-sale" rel="noopener noreferrer" target="_blank" title="">Feadship yacht for sale</a> comes equipped with a fleet of three tenders, including a 2022 VQ45 Vanquish Chase Tender, for making the most of shore excursions. Her large swim platform can be accessed via an elegant staircase from her main deck aft, providing direct access to the ocean.<img src="https://photo-assets.superyachttimes.com/photo/273183/image/large-74464d8cd571349b577653afd6581fdb.png" data-gid="gid://syiq/Photo/273183"><img src="https://photo-assets.superyachttimes.com/photo/273180/image/large-41386f76e1b27af67eff31db061e2466.png" data-gid="gid://syiq/Photo/273180"><img src="https://photo-assets.superyachttimes.com/photo/273186/image/large-24c36e7130e14a893e34b288b6cf4503.png" data-gid="gid://syiq/Photo/273186">The upper deck of <a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</a> allows guests to relax with panoramic views, as well as shade from her hard top. Guests can also make use of her sun deck to top up their tans, or lounge in her raised Jacuzzi.<img src="https://photo-assets.superyachttimes.com/photo/273193/image/large-8269ab0b4f2d5f0ec316199d0e6b7060.png" data-gid="gid://syiq/Photo/273193"><img src="https://photo-assets.superyachttimes.com/photo/273192/image/large-fd51a7a58b480155bd334683868986f3.png" data-gid="gid://syiq/Photo/273192">In terms of performance, <a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</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 allowing her to reach a top speed of 16 knots and cruise at 13 knots with an ocean-crossing range of 5,000 nautical miles.<img src="https://photo-assets.superyachttimes.com/photo/273196/image/large-20f17d6a3243cb9faa310ba269b1a045.png" data-gid="gid://syiq/Photo/273196">

61m Feadship superyacht Samadhi for sale

The 61m Feadship superyacht Samadhi has entered the market in turnkey condition. 

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

Sanlorenzo Ordinary Shareholders’ Meeting approves 2022 financial statements

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

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

Italy-based yacht builder <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has signed an offer to acquire another 33 percent stake in artisanal furniture company Duerre. The closing of the deal in the next few days will see <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> reach a majority 66 percent stake in Duerre. <img src="https://photo-assets.superyachttimes.com/photo/254878/image/large-31d4e0b1eeac8a65117ce017dbca9e93.jpg" data-gid="gid://syiq/Photo/254878">The acquisition of Duerre’s majority represents a strategic opportunity for <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> within its path towards vertical integration in key supply chains. Sanlorenzo’s previous acquisition of a 33 percent stake closed on 29 April 2022.The law firm Musumeci, Altara, Desana and Associates assisted <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> in the negotiation of contractual aspects, with a team composed by name partner professor Toti S. Musumeci, together with the senior associate Leonardo Musumeci.Duerre has a strong heritage since the 1940s in the production of artisanal high-end furniture, mainly for superyachts, but also for residential real estate, offices, hospitality, and commercial buildings.&nbsp;

Sanlorenzo to acquire another 33% stake in Duerre

Sanlorenzo has signed an offer to acquire another 33 percent stake in artisanal furniture company Duerre.