In their latest financial announcement, the Board of Directors of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, led by Chairman and CEO Massimo Perotti, convened to examine and approve the periodic financial information as of 31 March 2024.<img src="https://photo-assets.superyachttimes.com/photo/250520/image/large-0a3fbeca280e8c3933c53ff570e0aa4f.jpg" data-gid="gid://syiq/Photo/250520"><a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> kicked off 2024 on a strong note, demonstrating sound financial performance in the first quarter. Net Revenues from New Yachts reached €194.8 million, a 6% increase from the €183.7 million recorded in Q1 2023. Additionally, EBITDA rose to €34.1 million, up 9.5% from €31.2 million, while EBIT saw a 6.5% rise to €25.7 million.&nbsp;An in-depth analysis of the factors contributing to the growth in Net Revenues from New Yachts reveals that the Superyacht Division played a significant role, reporting €58.9 million, which represents a notable 27% increase compared to the same period last year. The Yacht Division also performed robustly, generating €114.8 million, albeit slightly below the previous year’s figures. Meanwhile, <a data-gid="gid://syiq/Company/5648" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluegame (Company)">Bluegame</a> continued its upward trajectory with revenues of €21.0 million, a 5.8% rise.&nbsp;Geographically, the APAC and MEA regions exhibited growth. In APAC, net revenues from new yachts surged by 30.2%, from €20.1 million in Q1 2023 to €26.2 million in Q1 2024. The MEA region also showed strong performance, with revenues increasing by 25%, from €13.9 million to €17.4 million. However, Europe and the Americas experienced modest growth, with Europe slightly increasing by 0.5% and the Americas by 2.8%.<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s order intake for Q1 2024 remained stable at €168.2 million, consistent with the €170 million recorded in the same period last year. The company’s backlog as of 31 March 2024 stood at approximately €1,209 billion, of which 88% is already sold to final clients. This substantial backlog secures a high level of visibility for future revenue, with €648.6 million earmarked for 2024 and €561.3 million for subsequent years.<img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-7b5718deb5680c4926c86d70113ad2a3.jpg" data-gid="gid://syiq/Photo/261779">Commenting on the results, Chairman and CEO Massimo Perotti said: "<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has started 2024 aligned with our forecasts, maintaining our strategy of sustainable and profitable growth over the long term. With the successful integration of the <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine Group</a> and continuous investments in green technologies, we are strengthening our competitive position and looking forward to seizing strategic opportunities to enhance our market presence.”

Sanlorenzo reports €1.2 billion order backlog

Sanlorenzo superyacht fleet

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Massimo Perotti, Chairman and CEO of Sanlorenzo

Sanlorenzo kicked off 2024 on a strong note, demonstrating sound financial performance in the first quarter.

Sanlorenzo reports robust €1.2 billion yacht order backlog

<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> is pleased to announce the launch of <a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2026</a>. Created in partnership 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>, the annual report returns with its most comprehensive edition to date, offering an in-depth analysis of the global superyacht market and the trends shaping the industry’s future.Now in its 11th edition, The State of Yachting has established itself as one of the industry’s leading market intelligence reports, delivering detailed insights into new-build activity, brokerage sales, charter performance, refit developments and wider market movements.<a href="https://www.superyachttimes.com/yacht-news/state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">Download</a><a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">&nbsp;The State of Yachting 2026: In partnership with Safe Harbor</a><img src="https://photo-assets.superyachttimes.com/photo/395089/image/large-78a9f670554bd483c155163124aae620.jpg" data-gid="gid://syiq/Photo/395089">Powered by <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a>’ proprietary intelligence platform SuperYacht iQ, the report combines extensive market data with expert analysis to provide a clear overview of the current state of the superyacht sector.Merijn de Waard, CEO of <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a>, commented: “We are delighted to partner 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> for this year’s edition of The State of Yachting. As the industry continues to evolve globally, collaborating with a partner that shares our long-term vision for the future of yachting makes this year’s report particularly meaningful.”<iframe width="640" height="360" src="https://www.youtube.com/embed/otOo0EY_AAs?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> What to expect from The State of Yachting 2026This year’s edition explores some of the key developments influencing the market across 2025 and into 2026. Alongside detailed statistical breakdowns covering yacht sales, order books and fleet development, the report also examines shifting regional dynamics, evolving owner demographics and emerging trends across design, sustainability and charter operations.<img src="https://photo-assets.superyachttimes.com/photo/395091/image/large-c6d8eff9abb8dedaa11d2516fa0865de.png" data-gid="gid://syiq/Photo/395091">Commenting on this year’s edition, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> Head of Intelligence Ralph Dazert shared: “The superyacht industry continues to evolve at pace, driven by changing client expectations, technological innovation and the expansion of emerging markets. The State of Yachting 2026 provides a comprehensive overview of where the market stands today and where we see opportunities and challenges developing in the years ahead.”<img src="https://photo-assets.superyachttimes.com/photo/395088/image/large-3c8341a20ba93b2b548cbee1a06711ed.jpg" data-gid="gid://syiq/Photo/395088">Report access<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SYT</a> Premium subscribers will be able to access and download the full report directly via the SuperYacht Times website. In partnership 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>, this year’s report reflects a shared commitment to delivering meaningful industry insight and supporting informed decision-making across the global superyacht sector.<a href="https://www.superyachttimes.com/yacht-news/state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">Download</a><a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">&nbsp;The State of Yachting 2026: In partnership with Safe Harbor</a>Want to know more about Premium Content? Subscribers can unlock access to The State of Yachting 2026, exclusive market reports, How To Build It, quarterly newspapers and additional premium intelligence content through a&nbsp;<a href="https://www.superyachttimes.com/users/sign_up?premium_content=true" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times Premium subscription</a>.

The State of Yachting 2026 in partnership with Safe Harbor

The state of Yachting 2026, in partnership with Safe Harbour, is here!

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The State of Yachting 2026: In partnership with Safe Harbor

A new study commissioned by the <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">Superyacht Builders Association (SYBAss)</a> and <a data-gid="gid://syiq/Company/6042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Superyacht Life Foundation (Company)">The Superyacht Life Foundation (SYL)</a> has revealed that the global superyacht industry generated approximately €54 billion in total economic output in 2022.<img src="https://photo-assets.superyachttimes.com/photo/394792/image/large-c868cea6a77bcff39975852d62a13272.jpg" data-gid="gid://syiq/Photo/394792">Conducted by Deloitte and Vrije Universiteit Amsterdam, the Global Economic Impact of the Superyacht Industry study supports <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">SYBAss</a>’s new Superyacht Builders Advocacy Campaign. The initiative is designed to increase awareness of the role yacht builders play through employment, industrial innovation and long-term economic activity across coastal regions.According to the study, the industry generated €22 billion in direct expenditure, which in turn created a further €32 billion in indirect economic activity through global supply chains and tourism, operations, hospitality and maritime services.The study identified the new-build segment as the most economically catalytic segment of the industry, generating a multiplier effect of 2.8. This means that every €1 invested in building a yacht creates an additional €1.8 in economic value across the wider economy through suppliers, subcontractors, logistics, engineering, services and long-term operational activities.While downstream sectors such as charter, brokerage, marinas, tourism and hospitality generate significant recurring annual revenue, the study demonstrated that these activities fundamentally depend on the continued construction and renewal of the global fleet by builders and yacht owners.According to the study, new vessel construction alone accounts for 37 percent of the industry’s total economic impact, which equates to approximately €20 billion globally. It also found that new-build activity equates to long-term growth, as every newly delivered yacht expands the downstream operational economy for decades to come.The report also highlighted the growing importance of the refit and maintenance sector, which contributes an estimated €5.6 billion to the global economy, representing around 11 percent of the industry’s total impact. As the worldwide fleet continues to age and modernise, the study identifies refit activity as one of the sector’s strongest long-term growth opportunities.<img src="https://photo-assets.superyachttimes.com/photo/394795/image/large-e32a4e678897430977b68dfc646294fe.jpg" data-gid="gid://syiq/Photo/394795">Builders remain at the core of the industryThe study also identified the industrial significance of the upstream sector, which comprises both new-build and refit activity. This serves as the industry’s industrial core with a total direct economic impact of approximately €9.5 billion. Within this figure, new-build operations account for 76 percent of total shipyard turnover, equivalent to €7.2 billion, while refit activities contribute the remaining €2.3 billion.Despite the luxury image often associated with the finished product, the study describes yacht construction as fundamentally a blue-collar manufacturing industry. Each vessel requires years of coordinated work involving welders, engineers, electricians, naval architects, carpenters, painters, metal workers and project managers, alongside extensive supplier networks.Much of the workforce is trained through apprenticeships and specialist vocational programmes to meet the technical demands of modern superyacht construction.<img src="https://photo-assets.superyachttimes.com/photo/394794/image/large-56e78c18a3842227faecfb8072284cf3.jpg" data-gid="gid://syiq/Photo/394794">Long-term economic contribution of the global fleetAccording to the report, the global superyacht fleet now approaches 5,600 vessels, with each yacht contributing an average of €9 million annually to the economy. This figure is calculated through its operational lifetime with maintenance, crew employment, marina services, fuel supply, tourism expenditure and refit cycles all contributing towards the total.The study also noted that while numerous suppliers and contractors contribute to each project, long-term responsibility for the yacht ultimately remains with the shipyard whose name appears on the vessel throughout its lifespan. Therefore, builders carry disproportionate industrial, financial, operational and reputational responsibility relative to the broader ecosystem.“The global superyacht industry is not merely sustained by tourism, operations, and luxury services,” explained the study. “It is fundamentally made possible by the industrial capabilities, craftsmanship, investment and long-term commitment of yacht builders.”Over the next few months, the Superyacht Builders Advocacy Campaign will continue to share new insights, industry perspectives, and data-driven analysis. Through this initiative, <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">SYBAss</a> aims to strengthen awareness of the sector’s industrial, economic, and social contribution while supporting greater recognition of the highly skilled workforce, innovation ecosystem, and long-term value creation.Founded in 2007, <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">Superyacht Builders Association</a> represents leading superyacht builders worldwide and works to support collaboration, environmental innovation and evolving industry standards across the sector.(All images courtesy of SYBAss.)

SYBAss and SYL study reveals economic impact of superyacht industry

A new study by SYBAss and SYL revealed that the global superyacht industry generated approximately €54 billion in total economic output in 2022.

New study highlights €54 billion economic output of global superyacht industry

SuperYacht Times is pleased to announced the release of the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2026</a>, which is now available as a free download. The report was produced for the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a>, held in Kobe, Japan, on 7 and 8 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/391630/image/large-35a5114e3ed8a25c76d38787ba96de16.jpg" data-gid="gid://syiq/Photo/391630">Now in its third edition, the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">report</a> provides a data-led overview of the Asia-Pacific superyacht market, drawing on analysis from the SuperYacht Times Intelligence team, with data supplied by <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>.Using <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> and proprietary yacht-tracking data, the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">report</a> examines the region’s fleet, cruising patterns and key areas of activity. It looks at how many superyachts are currently active in Asia-Pacific, where they are based, whether the regional fleet is growing, and which locations are emerging as important hotspots. <img src="https://photo-assets.superyachttimes.com/photo/25869/image/large-be0ca6ac405b4c42e4bdcf910c97ce4e.jpg" data-gid="gid://syiq/Photo/25869">SYT Strategy bespoke consultancyWould you like to increase your footprint in the Asia-Pacific superyacht market but are lacking the right data? The Intelligence team at SuperYacht Times performed extensive research specifically for the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2026</a> and we could do the same for your company too through <a href="https://www.sytstrategy.com/" rel="noopener noreferrer" target="_blank" title="">SYT Strategy</a>. Interested? Get in touch with our Sales team via <a href="mailto:sales@superyachttimes.com" title="">sales@superyachttimes.com</a>

Asia-Pacific Superyacht Report 2026 available for download

SuperYacht Times is pleased to announced the release of the Asia-Pacific Superyacht Report 2026, which is now available as a free download.

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Following two successful editions in Hong Kong, the third <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a> will take place at La Suite Kobe Oceans Garden in Kobe, Japan, on 7 and 8 May 2026.Ahead of the event, SuperYacht Times Research Analyst Adil Zaman and Head of Intelligence Ralph Dazert have examined regional superyacht movements and ownership patterns across the Asia-Pacific. Their findings will be presented in the Asia-Pacific Superyacht Report 2026, which is set to launch during the summit. This article offers a preview of some of the report’s key themes.<img src="https://photo-assets.superyachttimes.com/photo/391630/image/large-35a5114e3ed8a25c76d38787ba96de16.jpg" data-gid="gid://syiq/Photo/391630">Number of superyachts active in Asia-Pacific continues to growOne of the report’s clearest findings is the continued rise in superyacht activity across Asia-Pacific. Between January and December 2025, a total of 586 superyachts over 30-metres were active in the region, up from 530 in 2024 and 445 in 2023. The report also notes that these figures reflect yacht presence across a 12-month period, including vessels based in, visiting or transiting through the region.The regional fleet also remains slightly larger than the global average. According to the report, more than 20 percent of yachts active in Asia-Pacific exceed 50-metres, compared with 16 percent worldwide, pointing to a relatively strong concentration of larger vessels in the region.<img src="https://photo-assets.superyachttimes.com/photo/391626/image/large-4e09160384992ee2d4dbc58440984deb.jpg" data-gid="gid://syiq/Photo/391626">Ownership continues to expandThe report also points to a gradual increase in regional ownership. SuperYacht Times records more than 480 superyachts over 30-metres owned in Asia-Pacific countries, representing 7.7 percent of the global fleet. Australia accounts for the largest share, with 166 yachts, followed by Hong Kong with 92 and China with 59. Together, these figures suggest that while the region remains diverse in terms of activity and maturity, its ownership base is continuing to deepen.<img src="https://photo-assets.superyachttimes.com/photo/391627/image/large-4122936227aa6a92e960dc6a6282bbb3.jpg" data-gid="gid://syiq/Photo/391627">Infrastructure remains unevenWhile the report identifies clear momentum across the region, it also highlights the structural challenges that continue to shape the market. Marina development is progressing, but not uniformly. Relatively few marinas in Asia-Pacific are currently capable of accommodating yachts above 50-metres in practice, despite growing interest in attracting the segment. In many cases, the gap between ambition and operational capability remains significant.<img src="https://photo-assets.superyachttimes.com/photo/386825/image/large-217c26f8ba05559616786d2d3cd665fe.jpg" data-gid="gid://syiq/Photo/386825">Asia-Pacific Superyacht Report 2026All of this, and much more, will be featured in the Asia-Pacific Superyacht Report 2026, published during the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a> in Kobe, Japan on 7 &amp; 8 May 2026. The report will be made available as a free digital download following the event.Stay tuned to our newsletter and website for the official release and join us as we explore how the Asia-Pacific region continues to shape the future of global yachting.<img src="https://photo-assets.superyachttimes.com/photo/386528/image/large-ac18974277bb47126ecdd41da712a4c7.jpg" data-gid="gid://syiq/Photo/386528">Asia-Pacific Superyacht Summit 2026Tickets are still available for the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit 2026</a>, which will delve deeper into the report, alongside insights into the challenges and opportunities across the region.&nbsp;The <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">event</a> will bring together industry leaders, yachting clients and key stakeholders, allowing for high-level networking with influential yachting professionals from the region. This will take place alongside keynote sessions and expert panel discussions, with the shared goal of positioning the Asia-Pacific region as a leading superyacht market and cruising destination. <img src="https://photo-assets.superyachttimes.com/photo/384775/image/large-410054e783a96845b5d4c94c95eff55c.jpg" data-gid="gid://syiq/Photo/384775">

Asia-Pacific Superyacht Report 2026 preview

A preview of the Asia-Pacific Superyacht Report 2026, examining regional yacht movements, ownership trends and infrastructure.

Asia-Pacific Superyacht Report 2026 to unveil latest regional insights

Norwegian shipyard <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is known for its vast experience of offshore engineering, as well as for building large, 100-metre-plus expedition vessels. In recent years, the yard has been focused on building commercial vessels, but has recently reshifted its focus back onto the explorer market. The yard is preparing to return to the superyacht space by building global expedition yachts and support vessels.SuperYacht Times&nbsp;spoke with <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s Sales Manager, Sigvald Håkonsholm who recently joined the team in order to help navigate <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s presence in the superyacht sector. Bringing vast experience from ship building in different levels in the Norwegian maritime cluster, the move underlines <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s commercial and strategic commitment to the international yachting segment and their ambition to deliver technically advanced, purpose-built vessels for discerning owners seeking true exploration capability.<img src="https://photo-assets.superyachttimes.com/photo/388850/image/large-6be51c79dce19d8cac36bd0948be6043.png" data-gid="gid://syiq/Photo/388850">A Norwegian build<a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> consists of two shipyards in Norway, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> and <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> Feda, and specialises in new-builds, conversions, maintenance, and recycling of vessels. Previous superyachts built by the yard include the 107.4-metre <a data-gid="gid://syiq/Yacht/4946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andromeda107.4m (352'4&quot;)Kleven Maritime AS2016">Andromeda</a> and the 116-metre <a data-gid="gid://syiq/Yacht/5796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Multiverse116.0m (380'7&quot;)Kleven Maritime AS2018">Multiverse</a>, previously named <a data-gid="gid://syiq/Yacht/5796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Multiverse116.0m (380'7&quot;)Kleven Maritime AS2018">Ulysses</a>. The yard has a history of building large, robust vessels capable of operating in some of the world’s most challenging environments. Besides superyachts, the yard has previously also built expedition-style luxury cruise vessels, including the 140-metre Roald Amundsen and the 140-metre Fridtjof Nansen.<img src="https://photo-assets.superyachttimes.com/photo/200563/image/large-de64dc9226d637e7c68c7e51424c916e.jpg" data-gid="gid://syiq/Photo/200563">”In response to strong market demand, we have decided to strengthen our position in the yacht market, as the need for this is clearly evident.” says Sigvald. Adding that he feels “privileged to get the possibilities to develop stunning projects together with our clients, partners and a strong team at <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>.”With a history of building extensive vessels, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is shifting its focus &nbsp;primarily to large expedition yachts and yacht support vessels from approximately 80-metres and upwards. <img src="https://photo-assets.superyachttimes.com/photo/388851/image/large-797d690d1ca7a399538a8a5ca59679fc.png" data-gid="gid://syiq/Photo/388851">Market experience meets technical know-howIn recent years, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> has been heavily involved in the offshore energy vessel market, completing both newbuild projects and complex conversions. Experience with these complex technologies, mixed with their own in-house technical expertise, and the yard’s earlier experience building expedition yachts and cruise vessels, strengthens the <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s position as a capable partner for owners seeking large, purpose-built expedition vessels.<a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s way of shipbuilding, with robotic welding and other effective methods adapted from commercial ship construction, allow for efficient hull production while ensuring high capacity. Focusing on the superyacht segment, the yard at <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> has a few available slots for both new-build expedition yachts, yacht support vessels, and conversion projects, offering attractive delivery timelines.Many of the <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Kleven</a> yachts, whether from their commercial line or their explorer superyachts, tread into challenging waters. In order to ensure safety, reliability and operational capability in their worldwide cruising ground, the yard has established its own technical yacht platform. The technology is based on proven solutions from the offshore sector, in line with yacht and cruise customer demands. <img src="https://photo-assets.superyachttimes.com/photo/388848/image/large-fc8800ab90a98a7aa42b13e4a7e95c1a.png" data-gid="gid://syiq/Photo/388848">Green Yard’s green strideAn integral part of <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s strategy is sustainability, and the team prides themselves in ensuring every project is made by safe and reputable hands. “Our ships are built to the highest standards, using sustainable materials, responsible suppliers and we lay a strong focus on social standards and HSEQ,” notes Sigvald. “We maintain a clear focus on reducing our carbon footprint and emissions, both in production and in the vessels themselves.”Another way <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> strives to avoid waste is through conversion: conversion projects offer a significant potential in the reuse of hulls and equipment. Owners can obtain an up-to-date vessel with a significantly lower footprint, reduced cost, and shorter delivery time resulting in improved overall sustainability for their in-build project.<img src="https://photo-assets.superyachttimes.com/photo/388847/image/large-53637cddb558797c9a8fb70ba8c93672.png" data-gid="gid://syiq/Photo/388847">A well-rounded yardWhen having a vessel in-build, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is more than happy to work with leading international yacht designers, but also has the tools in-house to manage all interior and exterior yacht design. Furthermore, the shipyard maintains close cooperation with established yacht equipment and interior suppliers to ensure each project reflects the vision of the owner while maintaining the yard’s construction standards.“We see strong opportunities in the expedition yacht and yacht support vessel segment, where operational capability, reliability, and robust engineering are essential”, shares Hans Jørgen Fedog, CEO, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> Group. “The yard has a long history of building vessels designed for demanding environments. I believe this experience will be highly appreciated in the market.”Known for its robust engineering with quality craftsmanship, timely deliveries and supporting the full lifecycle of a vessel through its sustainable shipyard services, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is positioning themselves as a contender Northern European expedition yacht builder.<img src="https://photo-assets.superyachttimes.com/photo/222757/image/large-8ea995858d63549855939d2037d2ea3e.jpg" data-gid="gid://syiq/Photo/222757">Green Yard Kleven concepts in collaboration with Opalinski Design House.

Green Yard Kleven strengthens its position in the expedition yacht market

Green Yard Kleven focuses to expand its presence in the expedition yacht market

Green Yard Kleven returns to the expedition yacht market

According to Reuters, exhibitions group <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> is exploring the potential of selling a stake in its portfolio of Monaco-based events, which includes the <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>. <img src="https://photo-assets.superyachttimes.com/photo/365289/image/large-ad8f48599746d816f12e47e0c22f47eb.jpg" data-gid="gid://syiq/Photo/365289">The assets form part of <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>’s Luxury &amp; Lifestyle division, which also includes <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">Boat International</a> Publishing Group, the Palm Beach International Boat Show, the Fort Lauderdale International Boat Show, as well as Art Monte-Carlo and Art Miami.&nbsp;This portfolio generates approximately $200 million in annual revenue and according to Reuters, a stake sale could also generate around $200 million. There is currently no certainty that the transaction will take place and talks are still ongoing.The company is reportedly working with an investment bank to gauge interest in the package, with potential buyers thought to include sovereign wealth funds. <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>, which is valued at nearly $14 billion, saw its shares fall 11% on Monday before recovering.&nbsp;SuperYacht Times has reached out to <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> for further comment and will continue to update this story should further developments be made.&nbsp;

Informa stake sale in Monaco Yacht Show 

Informa is exploring the potential of selling a stake in its portfolio of Monaco-based events, which includes the Monaco Yacht Show.

Informa considers selling stake in luxury events including Monaco Yacht Show 

The brokerage market has spent the past twelve months navigating a familiar paradox: demand at the top end remains resilient but suitable supply, particularly above the 60 metre mark, is increasingly difficult to source. Against that backdrop, <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>’s leadership team describes a year defined less by any single headline transaction and more by a deliberate, repeatable approach: intensive market intelligence, decisive execution and a willingness to create opportunities beyond the public listings.<img src="https://photo-assets.superyachttimes.com/photo/381825/image/large-2a64e82a62f9c7d97fa47d0e35ba505a.jpg" data-gid="gid://syiq/Photo/381825">Speaking to SuperYacht Times, Jamie Edmiston and Alex Koersvelt point to a combination of strategy and structure, from technology investment to a culture designed to move quickly, as the levers behind a standout year. In 2025, the firm sold 44 yachts over 30 metres, with transactions exceeding €3bn in aggregate value. More notably, it accounted for 57 percent of all global sales in the 65 metre-plus segment, selling 7 of the 9 largest transactions during the year.While the numbers are significant, the leadership is clear that performance has been shaped as much by how the firm operates as by what it sold, particularly in a market where product availability remains the defining constraint.<img src="https://photo-assets.superyachttimes.com/photo/381829/image/large-2de8c96c1f44d294693f3a687047e89a.jpg" data-gid="gid://syiq/Photo/381829">Performance in a market shaped by scarcityAt the very top of the market, the fundamentals remain uncomplicated. As Jamie Edmiston puts it, confidence continues to be driven by supply and demand, a growing pool of ultra-high-net-worth buyers chasing a relatively small number of credible yachts, particularly above 80 metres. In that environment, the implication for brokerage houses is clear: quality assets, priced correctly, should transact, while older or less competitive yachts require realistic positioning to avoid stagnation.Koersvelt adds a further layer to the supply story: the market is developing increasingly clear dividing lines between generations of yachts. Design and lifestyle expectations have shifted markedly since the mid-2010s, beach clubs, volume, wellness and a more open, resort-led feel now carry real weight and the next decade is likely to introduce another separation as buyers focus more closely on reduced environmental impact and progressive propulsion and energy systems.The result is a stratified resale landscape. Price stability remains strongest for newer, high-quality tonnage and, in select segments, modest appreciation has been visible. That context helps explain why <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> sold more yachts than any other brokerage in 2025 and why those yachts transacted, on average, at roughly twice the speed of the wider market.For brokerage teams, this bifurcation changes the playbook. It raises the value of accurate, current intelligence on what constitutes best in class within a given segment and increases the premium on speed, both in presenting the right yachts and in converting interest into signed agreements before momentum fades.<img src="https://photo-assets.superyachttimes.com/photo/381827/image/large-d068b0625be738380b432dbee49cd1f7.jpg" data-gid="gid://syiq/Photo/381827">‘Market making’One of the clearest themes from the discussion is the firm’s emphasis on creating transactions rather than waiting for listings to do the work.Koersvelt points to deals such as <a data-gid="gid://syiq/Yacht/9151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lasata65.7m (215'7&quot;)Rossinavi2023">Alchemy</a> and <a data-gid="gid://syiq/Yacht/11888" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wingman80.1m (262'10&quot;)Damen Shipyards2022">U81</a> as examples where the yachts were not openly for sale, yet opportunities were engineered by widening the search beyond the visible marketplace. In practice, this approach relies on extensive relationship networks, a firm grasp of ownership intent and an ability to move quickly once a viable opening appears.In a year where <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> accounted for more than half of all global sales above 65 metres, that capability proved decisive. Limited public inventory means brokerage performance increasingly hinges on how effectively a house can convert ‘unavailable’ into ‘available’ discreetly, credibly and at speed.This also speaks to the broader competitive landscape. Many transactions never make it to completion and, as Koersvelt notes, market visibility often captures announcements rather than the volume of deals that collapse. Brokerage houses that can manage complexity, keep principals aligned and revive transactions thought to be lost are better positioned to outperform in a market where ‘nearly done’ is increasingly common.<img src="https://photo-assets.superyachttimes.com/photo/381824/image/large-2347c55957364665aab3adf491ba49e4.jpg" data-gid="gid://syiq/Photo/381824"><a data-gid="gid://syiq/Yacht/8907" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Breakthrough118.8m (389'9&quot;)Feadship2025">Breakthrough</a>While the firm is keen not to reduce the year to a single moment, <a data-gid="gid://syiq/Yacht/8907" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Breakthrough118.8m (389'9&quot;)Feadship2025">Breakthrough</a> provides a useful lens on top-end market confidence and deal execution.<a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> describes the yacht as personally significant: the firm was involved from the earliest sketches through to delivery, reflecting not only the complexity of the build but also the owner’s commitment to pushing boundaries. The subsequent resale, completed shortly before the Monaco Yacht Show, became one of the defining transactions of the year and contributed to the firm selling seven of the nine largest yachts to change hands globally in 2025.What matters is not just the scale of the deal but what it represents: a buyer and seller prepared to act decisively at the peak of the season, in a market where the best yachts trade quickly, quietly and often off-market.Technology as an enablerIn a brokerage world still heavily defined by relationships, Edmiston’s comments on technology are notable for their positioning. Systems, he argues, are there to augment judgement, not replace it.The firm has made multi-year investments in infrastructure designed to deliver real-time, highly accurate intelligence for brokers and charter teams. The logic is straightforward: better tools enable faster decisions, sharper pricing advice and more targeted marketing – all of which matter when supply is thin and competition for the right client is intense.For the wider sector, this reflects a broader trend among leading houses. Relationships bring opportunities to the table, but internal capability and execution increasingly determine whether those opportunities convert, particularly at the very top of the market.<img src="https://photo-assets.superyachttimes.com/photo/301678/image/large-ce3f096ce5a3b39788d5f09e6cd7e99a.jpg" data-gid="gid://syiq/Photo/301678">Culture, agility and the private-company advantageAnother recurring theme is the perceived advantage of operating as a privately owned business. Koersvelt argues that it allows for longer-term decision-making without the pressure of quarterly optics, while Edmiston emphasises speed and accessibility – the ability for client-facing brokers to pull senior expertise into negotiations without friction.Koersvelt and Edmiston both point to collaboration as a critical factor, particularly in a sector where individual drive can sometimes undermine teamwork. The leadership view is that a supportive internal culture, combined with empowerment in decision-making, improves conversion rates, especially in complex, time-sensitive negotiations where deals can stall for reasons unrelated to the yacht itself.This combination of agility and alignment helps explain how the firm maintained momentum in a year defined by limited supply, selling more yachts than any other broker despite fewer assets being openly available.Charter as a growth engineCharter features in the discussion not simply as a parallel business line but as part of the ecosystem that feeds ownership demand. Edmiston describes charter as “addictive”, once clients experience it, many do not return to villas or hotels, while Koersvelt highlights the importance of maintaining fleet quality in a market where large-yacht availability remains constrained.The firm continues to add high-specification tonnage to its charter offering, including the 87-metre <a data-gid="gid://syiq/Yacht/11565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vento87.0m (285'5&quot;)Turquoise Yachts2026">Vento</a> and a newly launched 72-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> flagship, reflecting the ongoing shift towards experience-led charter platforms.More broadly, the charter-to-owner pathway remains a meaningful contributor to market confidence. As charter introduces new audiences to the yachting lifestyle, it continues to seed future ownership demand, particularly among families and next-generation principals.<img src="https://photo-assets.superyachttimes.com/photo/289966/image/large-7adde5ae7f30c7dfc35582e87d0f59e9.jpg" data-gid="gid://syiq/Photo/289966">The challenge for 2026If there is one point the leadership returns to repeatedly, it is supply. <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> characterises the coming year’s central challenge as product availability rather than demand. In other words, the limiting factor for high-performing brokerage houses may be less about persuading buyers and more about locating the right yacht to sell, whether on-market or off-market.That dynamic is likely to shape strategies across the sector. Houses with the strongest intelligence, deepest networks and the discipline to give candid pricing advice may be best placed to maintain performance, particularly as generational differences in design, technology and environmental credentials continue to redefine what buyers consider worth owning.

Edmiston top 2025 brokerage

Speaking to SuperYacht Times, Jamie Edmiston and Alex Koersvelt share their view on Edmiston's success.

Brokerage in focus: How one brokerage translated a tight supply market into a standout year

The <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a> continues to be the premier event in the superyacht industry’s annual calendar. Once again, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> and its subscription service, <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, are official Media and Intelligence Partner for <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/372227/image/large-71ca5a047994bd2b41210f7b26e5fecf.jpg" data-gid="gid://syiq/Photo/372227">Since 2019, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> has partnered with the <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show</a> to release the <a href="https://issuu.com/superyachttimes/docs/monaco_yacht_show_market_report_2025" rel="noopener noreferrer" target="_blank" title="">Monaco Yacht Show Market Report.</a> &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/372228/image/large-1f4536a71cc41c6f2edd35e57d70e065.jpg" data-gid="gid://syiq/Photo/372228">The newly published <a href="https://issuu.com/superyachttimes/docs/monaco_yacht_show_market_report_2025" rel="noopener noreferrer" target="_blank" title="">Monaco Yacht Show Market Report 2025</a> provides insight into this year’s <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show</a> fleet, an in-depth look at the 2025 new-build and second-hand superyacht markets, along with key insights into the latest trends and developments in the sector.<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)"><img src="https://photo-assets.superyachttimes.com/photo/372230/image/large-a7735fcdffe79e7706074ec77f6fe58e.jpg" data-gid="gid://syiq/Photo/372230">SuperYacht Times</a> looks forward to welcoming you at stand, DS97 on Darse Sur, and at MYS Conference Hall, above the <a data-gid="gid://syiq/Article/64270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Full programme for Monaco Yacht Summit 2025 unveiled (2025-09-18 13:00:00 +0200)">Yacht Design &amp; Innovation Hub for our panel discussions</a>.<img src="https://photo-assets.superyachttimes.com/photo/372224/image/large-db93d6baaf899168c82dfb7338fb9999.jpg" data-gid="gid://syiq/Photo/372224">

Download the Monaco Yacht Show Market Report 2025

Download the Monaco Yacht Show Market Report 2025 for free. 

Download the Monaco Yacht Show Market Report 2025 for free now!

David Westwood, Managing Director of <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW Yachts</a>, shares an insight into the realities behind the superyacht market’s much-discussed slowdown, how <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW</a> is bucking the trend with a strategic digital focus and what to expect in the coming charter and show seasons.<img src="https://photo-assets.superyachttimes.com/photo/264905/image/large-ba114c596bb9a8f15ca87f6095e4c8f2.png" data-gid="gid://syiq/Photo/264905">There's been plenty of talk about a slowdown in the superyacht sector. How does that compare with what you're seeing on the ground?I had real concerns at the end of 2024 that the momentum post-pandemic couldn’t possibly continue. The industry was running hot; sales in brokerage and new build were high, shipyards were under immense pressure due to full order books and delivery slots and we faced shortages across the board for good product, along with operational constraints, especially in the crewing sector, especially in crewing. A slowdown wasn’t just inevitable, in some ways it was needed.There was global uncertainty too: the US election, the Ukraine war and, more recently, instability in the Middle East. Typically, in an American election year, clients pause on speculation and sit tight. But interestingly, after the election result, we saw a steep uptake from December through February in both brokerage and charter. The US, which historically makes up over half of most firms’ sales, came back strongly.And has that recovery held into 2025? Not entirely. From March onwards, instability globally – tariffs, wars, shifting policies in Asia and the Far East has caused the momentum to dip again. The Middle East, which is a key charter market for us, softened slightly, and Asia was hesitant too, particularly in areas like Hong Kong and Singapore.What’s been fascinating for us at <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW</a> is that, while others are still talking about a slowdown, our figures are encouraging and have generally risen. We've seen a distinct rise in lead generation and, more importantly, a marked increase in conversions – particularly from our historical client database. Clients who’d previously stayed on the fence for two or three years are now engaging with intent. There’s also been real momentum in newer regions, with active conversations and transactions in markets such as Turkey, Uzbekistan, Mexico and Australia. We’ve seen a notable uplift in activity from those emerging territories, and a broader appetite for charter and brokerage alike.<img src="https://photo-assets.superyachttimes.com/photo/369119/image/large-bd5cdcfcfb6f166dbe4bcdfb56f35058.jpg" data-gid="gid://syiq/Photo/369119">Why do you think that is?&nbsp;I put it down to our digital-first approach. We made a conscious decision in the early 2020s to break from traditional formats and go all in on digital. We invested heavily in SEO &nbsp;and a large in-house marketing department, which has created a dynamic content strategy, delivered quickly. While others competed in the same space in the same way, we aimed to stand apart.Ultimately, while the market might be flattening in some segments, the demand is still there, it’s just a case of reaching clients the right way, with the right product, at the right moment.Which segment of the market do you think has been hit hardest?Although this isn’t my main area of expertise, it appears that the production segment has been hit fairly hard. A lot of shipyards pushed ahead post-COVID, expecting the momentum to continue, but sales didn’t match that optimism. There’s been a build-up of stock, especially in the US and dealers have struggled to shift it. It’s a riskier environment. However, we’re now seeing those inventories softening and the stock beginning to move, particularly with the US market picking back up.There’s also been a slight ‘factory reset’ on pricing and discounting, which more realistically reflects the reality of the market. And while we still operate in the production market, we’ve tightened our criteria. <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW’s</a> sweet spot is really the 35 to 75-metre segment, where we continue to thrive.<img src="https://photo-assets.superyachttimes.com/photo/369118/image/large-82ab91d0f9e1ad6ecbc9b591991c44af.jpeg" data-gid="gid://syiq/Photo/369118" style="background-color: initial; font-size: 0.85rem;">You also mentioned the charter market – how is 2025 shaping up?Strong overall. We had a significant wave of bookings between December and February and then another surge from May onwards. That cycle is fairly typical with spring holidays diverting attention, but overall, we’ve written a lot of charters this year and are happy with the results to date.Interestingly, it’s the newer boats that are being booked early. Yachts over five to ten years old are proving more difficult to fill in our core range, while the larger yachts, 75 metres and up, are facing leaner calendars than usual. That market has been slower to recover.That said, crew is everything. We have older yachts in our fleet with over 11 weeks of charter booked because of phenomenal crews. Repeat business plays a huge role, and loyalty to captains and heads of departments outweigh age in some cases.As we look ahead to the autumn show season, how are things shaping up?The shows are full – both Cannes and Monaco. I love Cannes: it’s interactive, relaxed and productive - a great place to showcase product. We’re bringing three yachts this year: the 55-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> <a data-gid="gid://syiq/Yacht/1549" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You55.0m (180'5&quot;)Heesen Yachts2011">After You</a>, the 37-metre <a data-gid="gid://syiq/Company/1756" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tansu Yachts (Company)">Tansu</a> <a data-gid="gid://syiq/Yacht/3414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Preference 1936.4m (119'5&quot;)Tansu Yachts2011">Preference</a> 19 and <a data-gid="gid://syiq/Yacht/9334" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M Forever33.0m (108'3&quot;)Custom Line2021">M Forever</a> the 33-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>.Monaco is busier and more intense, but also hugely exciting. We’re particularly proud to be bringing the brand new and recently delivered <a data-gid="gid://syiq/Yacht/11078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You60.2m (197'6&quot;)Damen Yachting2025">After You</a>, a 60-metre explorer from <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> and her support vessel <a data-gid="gid://syiq/Yacht/12677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emotional53.25m (174'8&quot;)Damen Yachting2025">Emotional</a>. They’re not for sale, but they’re going on a global voyage starting in Norway and heading through Greenland and the Northwest Passage and both are available for charter, the <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> <a data-gid="gid://syiq/Yacht/1549" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You55.0m (180'5&quot;)Heesen Yachts2011">After You</a> and <a data-gid="gid://syiq/Yacht/853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emerald50.4m (165'4&quot;)Feadship1990">Emerald</a>, the 51-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> will also be available for inspection.This article was first published in issue 54 of the SuperYacht Times newspaper, available for&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-54" rel="noopener noreferrer" target="_blank" title="">download here</a>.

David Westwood on the shifting superyacht market

David Westwood on the shifting superyacht market, digital strategy and emerging charter trends

As the superyacht brokerage market moves through the third quarter of 2025, our Head of Intelligence, Ralph Dazert, takes a closer look at the much-talked-about downturn of the market, focusing on the new-build segment while also taking a quick snapshot of the used yacht market. <img src="https://photo-assets.superyachttimes.com/photo/205866/image/large-9e77ac14b51b37bd7308b59535ec24a2.jpg" data-gid="gid://syiq/Photo/205866">New-build sales: still behind but catching up &nbsp;The new-build market started 2025 in a jittery mood, with uncertainty about the US market and the Trump Administration’s policy of import tariffs, coupled with a downward trend in the European market, worrying brokers and shipyards alike. &nbsp;The market for GRP yachts built to a model (dominant up to about 45-metres) has definitely taken some hits, with some well-known manufacturers like <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> and <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> in particular announcing staff reductions. Meanwhile, as of early August 2025, the share prices of the Italian builders <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and <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</a> had also taken hits over the past twelve months (-15% and -35% respectively year-on-year since early August 2024), as did the shares of <a data-gid="gid://syiq/Company/4696" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alexander Marine USA (Company)">Alexander Marine</a>, the mother company of the Taiwanese builder <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> (-30% ), while the US yachting giant <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> (a large player in the sales of GRP-hulled boats and yachts up to 40-metres, among other activities) saw its share price decline by -22% since early August 2024. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/233014/image/large-859455f9fc8cd7009c71f9afe386ee4c.jpg" data-gid="gid://syiq/Photo/233014">We noticed that the major builders of GRP yachts generally have more new-builds and dealer stock boats available than they did a year ago, meaning they have capital tied up in those boats for more extended periods of time. &nbsp;All that makes for pretty grim reading, but what do the numbers look like? They are definitely behind on the same period in 2024, about 10% down, from 111 sales for the year up to 31 July 2024, to 100 for the year up to 31 July 2025. &nbsp;But, those are just high-level numbers, so let’s take a closer look: &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/369732/image/large-05acb7e14007169a5ee0284f3ba49a83.jpg" data-gid="gid://syiq/Photo/369732">New superyacht sales are following two divergent paths: sales of yachts up to 50-metres are down by 12% in numbers of yachts sold, while sales over 50-metres are stable. Interestingly, the decline between 30 and 40-metres can be attributed entirely to sailing yachts, which are down by six units year-on-year after experiencing something of a boom in 2024, as explained in our market column in SuperYacht Times issue 53. &nbsp;With attractive build slots for new sailing yachts currently in short supply, that segment has slowed down again. Even though sales numbers for motor yachts in the 30 to 40-metre segment appear to be stable, something has definitely changed in that market, as the share of stock sales (yachts completed on speculation and sold afterwards) has almost doubled compared to a year ago, from seven to 12 sales. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/232981/image/large-38c7f2ac13511369dc2615663dbd18d4.jpg" data-gid="gid://syiq/Photo/232981">Clearly, new yachts in this segment are taking longer to sell than they did before. Additionally, sales of projects started for the client have decreased by almost half compared to 2024, from 32 to 18 sales. Meanwhile, sales of projects started on speculation have increased slightly, from 12 to 16.The decline between 40 and 50-metres is mainly caused by lower sales of yachts up to 45-metres, which dropped by five units, while the number of sales above 45-metres (which are mainly steel-hulled yachts) has dropped by just one unit compared to the same period of 2024. &nbsp;Sales between 50 and 60-metres have held steady, while sales between 60 and 80-metres were up by one unit, as market activity in the larger segments is buzzing and appears to be largely unaffected by global economic and political turmoil. &nbsp;However, there is an important side note to be made here: we are hearing from several shipyards all over Europe that clients are taking longer and longer to sign on the dotted line and are actively playing out shipyards against each other more than before. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/235065/image/large-f66538822a46ab8fbc088b0df32647fe.jpeg" data-gid="gid://syiq/Photo/235065">Reportedly, clients at the top end of the market are baulking at Northern European price levels, as they perceive the new-build market as having weakened in their favour, so they are playing it hard. Meanwhile, yards in the top segment have little room to manoeuvre on the price. The order backlogs at the different players on the top end also vary, ranging from fully booked to yards that could use some extra capacity and are prepared to negotiate on price. &nbsp;At the moment, sales of newbuilds over 80-metres are still behind by one project. Still, the rather significant amount of large new-build projects under negotiation that we are tracking suggests that this new-build segment might notch up quite a few extra sales before the end of the year, making it a better year than 2024, which in itself was already a big improvement on 2023.&nbsp;So what about used yachts? &nbsp;The used yacht market warrants its own extensive study due to its sheer size and importance to the brokerage market overall. Still, for lack of space, we will leave you with a summary for the moment: the demand for used yachts over 30-metres appears to be stable compared to 2024 in terms of numbers of yachts sold, with 200 used yachts sold as of 31 July 2025, compared to 199 for the same period of the preceding year. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/233018/image/large-e530854b2f7981037879fc171adcbd1c.jpg" data-gid="gid://syiq/Photo/233018">The total gross tonnage (GT) sold is actually up by 8% to 93,500 GT, indicating that the average used yacht sold so far in 2025 is larger than in 2024. The total value of yachts sold so far in 2025 is hard to estimate, as we have already counted no less than 17 off-market deals so far in 2025 (including some huge yachts). Still, it is well over 3 billion euros, which is not dissimilar to our estimate for the same period for 2024. &nbsp;On paper, that is not all bad, but we are only in early August at the time of writing. As a final note, sales of used yachts appear to be following a slightly different pattern compared to those of new yachts, with the number of yachts sold between 30 and 40-metres down compared to last year, while sales between 40 and 50-metres slid after two positive years in 2023 and 2024. Sales over 50-metres are up, entirely due to a strong increase between 50 and 60-metres. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/369733/image/large-87ed2000a90cf58ad228f52c52bb381d.jpg" data-gid="gid://syiq/Photo/369733">ConclusionWhile the new-build market up to about 45-metres is very challenging at the moment, the larger segment is trending upward. In contrast, the used yacht market appears to be holding steady and exhibits similar divergent paths in sales numbers to the new yacht market, with total sales of yachts up to 50-metres down compared to last year, while sales of the larger superyachts over 50-metres are up. We are very curious to see how the rest of the year will play out for the market, with the important third quarter and its key yacht shows coming up.This article was first published in issue 54 of the SuperYacht Times newspaper, available for <a href="https://www.superyachttimes.com/newspaper/newspaper-issue-54" rel="noopener noreferrer" target="_blank" title="">download here</a>.

Superyacht market insight Q3 2025

Is the market slowing down? Ralph Dazert takes a look at current superyacht trends.

Is the superyacht brokerage market slowing down in 2025?

The Chinese State Council has approved new measures that will reduce administrative and financial barriers for Hong Kong and Macau yacht owners travelling within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).<img src="https://photo-assets.superyachttimes.com/photo/284352/image/large-ecd218fffb9bcb7bafecade7dd2c5004.jpg" data-gid="gid://syiq/Photo/284352">Announced on 30 May 2026, the new policies will remove the requirement for a financial guarantee and introduce a temporary Chinese registration when bringing their yacht into mainland China.Under the new framework, Hong Kong and Macau-registered yachts will be able to obtain temporary ship nationality certificates issued by mainland Chinese authorities without affecting their existing registrations.&nbsp;This will allow yachts to navigate within the waters of nine mainland cities in the Greater Bay Area after completing the necessary entry procedures. “Guangdong, Hong Kong and Macao have been committed to promoting individual yacht travel,” explained a spokesman for the Transport and Logistics Bureau.“Under the new policy, the exemption for the requirement for a guarantee will significantly reduce the financial burden on owners of Hong Kong and Macao yachts when handling cross-border procedures.”<img src="https://photo-assets.superyachttimes.com/photo/380444/image/large-c47ce0baf12facf7f4f5bd21055eb53c.jpg" data-gid="gid://syiq/Photo/380444">To support these efforts, the Hong Kong Marine Department, the Guangdong Maritime Safety Administration and the Macau Marine and Water Bureau established a tripartite working group focused on developing measures to facilitate private yacht movements across the region.The Marine Department is also actively co-ordinating with the Guangdong Maritime Safety Administration on creating southbound measures for yachts travelling from the Chinese Mainland, with details due to be announced soon following finalisation.&nbsp;In March 2025, lawmakers in Hong Kong urged the government to enhance yacht tourism in the Greater Bay Area (GBA) and further develop the necessary infrastructure to support maritime activities.A motion was proposed by Kenneth Lau Ip-keung advocating for improved infrastructure to facilitate island-hopping tourism ventures along Hong Kong’s 1,180-kilometre coastline and its 263 islands.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/62956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lawmakers urge Hong Kong government to boost yacht tourism (2025-03-26 12:30:00 +0100)">Lawmakers urge Hong Kong government to boost yacht tourism</a> <img src="https://photo-assets.superyachttimes.com/photo/395562/image/large-12835460c889137d51c1912c58b38d42.png" data-gid="gid://syiq/Photo/395562">Asia-Pacific Superyacht SummitAs the region continues to grow, SuperYacht Times has hosted several editions of the <a data-gid="gid://syiq/Article/66230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit Japan 2026 in 60 seconds (2026-06-02 15:00:00 +0200)">Asia-Pacific Superyacht Summit</a> in Hong Kong. This year’s edition took place in Kobe, Japan, bringing together industry leaders, yachting clients, and key stakeholders with the shared goal of positioning the Asia-Pacific as a leading superyacht market and cruising destination.You can find out more about the <a data-gid="gid://syiq/Article/66230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit Japan 2026 in 60 seconds (2026-06-02 15:00:00 +0200)">Asia-Pacific Superyacht Summit</a> and how to get involved with the 2027 edition <a data-gid="gid://syiq/Article/66230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit Japan 2026 in 60 seconds (2026-06-02 15:00:00 +0200)">here</a>.&nbsp;

China eases cross-border yacht owner travel rules

China has approved new measures that will reduce administrative and financial barriers for Hong Kong and Macau yacht owners. 

China eases cross-border travel rules for Hong Kong and Macau yacht owners

<a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a>&nbsp;is both a leader in the field of waterjet technology and a point of reference for serial production tenders. Active across the military, commercial, and superyacht sectors, the Italian brand is now applying its propulsion and manufacturing know-how to the specialist market for limousine tenders.<img src="https://photo-assets.superyachttimes.com/photo/396631/image/large-062ebf001bce4c2cc3c7a9d7b4ad2e91.jpg" data-gid="gid://syiq/Photo/396631">The small town of Albairate in landlocked Lombardy might seem a strange place for a boatbuilder to set up shop, but it is closely linked to the brand’s origins in one of Italy’s richest agricultural regions. Luigi Castoldi was a pioneering engineer in the agricultural machinery sector through his company BCS, which is still extant today. He began exploring waterjet propulsion – still a novelty in the early 1960s – because boats were damaging their propellers on the shallow bottom of the nearby River Ticino.&nbsp;After importing a waterjet drive, he set about re-engineering it to create a more durable and effective design. His first mass-produced <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> waterjet, model Jet 05, made its debut at the 1969 Genoa Boat Show. Since then, over 40,000 <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> waterjets have been delivered around the world, from the compact 224 unit up to the mighty 600 HCT drive that can support installed power of up to 2,700 horsepower.<img src="https://photo-assets.superyachttimes.com/photo/396632/image/large-4d83f3db58d65cf02a38baa8d387c061.jpg" data-gid="gid://syiq/Photo/396632">Today, the company is still family-owned under the directorship of Giacomo Castoldi, Luigi’s grandson, who with his father Franco spearheaded the company’s diversification into the tender market with its own range of diesel-powered jet tenders. The first model, the JT 18 Pro in 1998, served as the blueprint for the current range, from the entry-level Jet Tender 14 up to the 10.5-metre Jet Tender 34. The latter also provides the technical platform for the Jet Tender 34 Limo, the company’s first venture into the limousine market.Why waterjetsWaterjet propulsion for superyacht tenders offers several advantages over traditional propeller-based systems. These include enhanced manoeuvrability, higher efficiency and durability, lower noise and vibration, and the reversing bucket can ‘crash stop’ a boat in less than twice its own length. But arguably the most critical feature – as Luigi Castoldi was quick to realise – is shallow draft.<img src="https://photo-assets.superyachttimes.com/photo/396635/image/large-accb3204fb1c42a0f2bfa16fdfac9f5c.jpg" data-gid="gid://syiq/Photo/396635">“Jet tenders can drive right up to a beach, and most of our models are equipped with bow ramps as standard,” says Giacomo Castoldi. “Combined with a folding console, low draft also means they occupy less vertical space inside the tender garage, while the lack of exposed propeller blades reduces the potential for injury to swimmers, divers, or marine life.”Over the years, <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> has finessed its waterjet technology. Unlike other systems requiring external gearboxes, all <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> waterjets except the entry-level Turbodrive 224 DD have integrated gearboxes. This results in a more compact overall footprint, which means more space for passengers and luggage storage, and simplifies the installation process while reducing the potential for errors or rework. They are also equipped with a patented anti-clogging system that enhances the waterjet’s reliability in challenging conditions. The Clear-Duct unclogging system works by reversing the direction of the impeller and simultaneously opening the protective intake grid to flush out any debris that may have accumulated.<img src="https://photo-assets.superyachttimes.com/photo/396660/image/large-44d8926e35b1304d60e5cdbcb14c3137.jpg" data-gid="gid://syiq/Photo/396660"><a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a>’s latest waterjet drives that carry the HCT acronym have been redesigned to offer a 12% increase in performance compared to previous iterations. Advancements in impeller design, a pre-stator vane system, and an updated post-impeller stator work together to improve the flow of water through the system, reduce cavitation, and ultimately deliver more thrust combined with lower fuel consumption.&nbsp;“These enhancements are largely thanks to investment in CFD analysis,” says Giacomo, “Combining fluid dynamics with our own practical engineering know-how has generated a lot of new ideas."<img src="https://photo-assets.superyachttimes.com/photo/396615/image/large-28e2be0f5dedca48b4f2f92405172d02.jpg" data-gid="gid://syiq/Photo/396615">Total control<a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> also produces its own control systems, from simple mechanical options to the sophisticated ACES system developed in collaboration with <a data-gid="gid://syiq/Company/7877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xenta (Company)">Xenta</a>. Powered by a 32-bit embedded processor and utilising a proprietary CAN bus network protocol, the ACES system delivers precision control of engine RPM, waterjet steering nozzles and reversing buckets when transitioning between docking and cruising modes. Additional functions include dynamic positioning and smart anchoring, which simulates mechanical anchoring by swinging around a virtual GPS point. Adaptive steering logic can even provide ‘propeller mode,’ which recognises when the vessel is in reverse to simulate conventional propeller behaviour – a useful feature for operators transitioning to waterjets.To maintain quality control, most of the waterjet components are machined in-house, an exception being the Duplex stainless-steel impellers that rely on precision investment casting technology. With regard to tender production, the whole process – from the 3D design, hull lamination and tube fabrication to the hydraulic and electrical systems – is carried out internally before final testing in its own water basin in front of the factory.<img src="https://photo-assets.superyachttimes.com/photo/396658/image/large-b3c15147d7d49ce31a9b749e8a305ff2.jpg" data-gid="gid://syiq/Photo/396658">When <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> began production of jet tenders in the mid-90s, it decided from the start to take a platform-based approach with fixed hull forms designed around its own propulsion system. By standardising the production process, <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> ensures consistent quality while reducing unit costs through repeated tooling and manufacturing processes. Additionally, serial production provides opportunities for continuous optimisation, further enhancing the performance and quality of each new upgraded model. As the range evolved, customised interior materials, finishes and layouts have become the norm to meet the specific needs of individual clients without having to build costly and time-consuming one-offs.&nbsp;The company has applied exactly the same production philosophy to its new Jet Tender 34 Limo designed by <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a>. Conceived initially for a fleet of luxury cruise ships currently under construction, each ship will carry four <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> Jet Tender 34 Limo tenders to deliver a sophisticated ship-to-shore guest experience.<img src="https://photo-assets.superyachttimes.com/photo/396657/image/large-a20e0e70cb5a086260c495f6e811d4a1.jpg" data-gid="gid://syiq/Photo/396657">Limo luxury&nbsp;Historically, the limousine tender segment has been defined by high levels of customisation, where each unit is tailored specifically to the design and needs of a particular superyacht. While this approach allows for alignment with the mothership’s aesthetic, it often results in longer lead times, higher costs, and compromises in terms of performance and systems integration. <img src="https://photo-assets.superyachttimes.com/photo/396633/image/large-bb3ca9a1c828124e6a74dc5b67525448.jpg" data-gid="gid://syiq/Photo/396633"><a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a>’s entry into this market introduces a shift toward standardised, platform-based design, which allows for quicker production times and greater system optimisation, while still providing owners with a high degree of personalisation, particularly in the interior architecture. Two primary interior layouts are offered: one with all-seated configurations for maximum comfort, and another combining seating with a pantry and bathroom for longer transfers. Material finishes can also be tailored to suit individual preferences."This project represents a new chapter for <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> that expands our offerings to new markets, while maintaining the commitment to innovation, quality, and luxury we are known for,” says Giacomo. “The opportunity arose to enter the limousine tender market with a semi-serial product that embodies our construction philosophy of creating optimised vessels rather than one-offs.”<img src="https://photo-assets.superyachttimes.com/photo/396625/image/large-24bbf67840c4bba049f3423e568ddbaa.jpg" data-gid="gid://syiq/Photo/396625">“In practical terms, we estimate that our serial-produced limousine tenders are priced at least 35% lower than equivalent full-custom examples,” adds <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a>’s commercial director Luca Taccani, “without sacrificing the luxurious finish or technical sophistication that clients expect.”In addition to the four limo tenders, <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> is also supplying the cruise ships with two customised Jet Tender 28 SV units. The ‘SV’ stands for ‘Support Vessel,’ and the model is specifically designed to work in tandem with the limousine tenders, with an enhanced bow sun-pad, extensive storage, pantry, and premium features like a T-top.<img src="https://photo-assets.superyachttimes.com/photo/396622/image/large-6c33afd5ceeb462bb96cd2592a9fa250.jpg" data-gid="gid://syiq/Photo/396622">The flywheel effect&nbsp;As <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> has expanded its offerings and capabilities, its workforce has grown accordingly and is now nearing 100 direct employees. In terms of business performance, the company has seen consistent growth, especially over the past two years since Luca Taccani joined the company. Annual turnover is currently distributed fairly equally across the waterjet and tender markets (50% and 40% respectively) with the remainder from spare parts and commissioning activities.&nbsp;Although <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> builds its tenders in series, each sale is essentially a one-off transaction with an end client. Its propulsion products, on the other hand, can generate recurring clients that expect reliable and ongoing service. Naval procurement involving multiple waterjet units is an expanding sector for the company, for example. To meet this demand, <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> has made a deliberate effort to ensure the availability of components, stocking spare parts for older models well beyond customary timelines – often for more than ten years.“We’ve focused strongly on spare parts and after-sales support with dedicated back-office staff for service management,” says Luca Taccani. “This long-term outlook not only boosts customer loyalty but has also proven financially advantageous. As raw material costs have risen sharply, having a ready stock of components means we’ve been able to avoid significant cost increases.”<a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a>’s trajectory over the past few years reflects a competitive company that is expanding its product range while also refining its operational efficiency and service capabilities. By focusing on technical innovation and long-term service, it has effectively created a “flywheel” effect, whereby small but consistent wins build momentum over time in a self-sustaining cycle of growth. Moreover, the brand’s entry into the limo tender market aims to demonstrate how serial production methodologies, when combined with proprietary propulsion and rigorous quality control, can challenge the prevailing bespoke approach.<img src="https://photo-assets.superyachttimes.com/photo/396659/image/large-9f4ecad812d4f5c94c3664909275b1d8.jpg" data-gid="gid://syiq/Photo/396659">

The landlocked yard building limousine tenders

Castoldi is entering the limousine tender market with the Jet Tender 34 Limo, combining waterjet technology with a serial-production approach.

The 28.72-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">D Five</a> is currently on the market with Christopher Mosley of <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a> and Maël Fiolet of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>.<img src="https://photo-assets.superyachttimes.com/photo/275737/image/large-bfdd94504b5a0ff1ba8b21536e797bab.jpg" data-gid="gid://syiq/Photo/275737">Delivered in 2021 by the Italian shipyard, <a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">D Five</a> is the flagship model of <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>'s S-series. 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> features exterior design by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a>, with interiors penned by <a data-gid="gid://syiq/Company/4541" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Guida Design (Company)">Francesco Guida Design</a>. Her naval architecture was developed in-house by <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>.Constructed with a GRP hull and carbon fibre superstructure, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=azimut" rel="noopener noreferrer" target="_blank" title="">Azimut yacht for sale</a> has been used exclusively for private cruising since her delivery.<img src="https://photo-assets.superyachttimes.com/photo/275795/image/large-fb7dc69216e8915da0a60d6362a11af3.jpg" data-gid="gid://syiq/Photo/275795">From the outside, the&nbsp;<a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">D Five yacht for sale</a> presents a sleek and sporty profile, defined by a dark metallic hull contrasting her white superstructure. Her generous deck spaces include a foredeck lounge, flybridge retreat and an inviting fold-down beach club creating a direct access to the sea.<img src="https://photo-assets.superyachttimes.com/photo/275800/image/large-d2c413371399c0d655949d6bc63b72ef.jpg" data-gid="gid://syiq/Photo/275800">Her aft cockpit and flybridge offer guests several spots for dining, entertaining, and relaxing in the sun, making the yacht equally suited to short day trips and longer stays onboard.<img src="https://photo-assets.superyachttimes.com/photo/275798/image/large-51b0d3027870bc108a02afee12d0c5fb.jpg" data-gid="gid://syiq/Photo/275798" 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;">Stepping inside, the <a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">D Five&nbsp;yacht for sale</a> features a split-level main saloon, creating a fluid indoor-outdoor living. Warm timber finishes, glossy surfaces and large windows that bathe the interiors in natural light all contribute to her bright and modern ambience. According to the broker, extensive storage and room for supplies support longer periods at sea without needing to resupply.<img src="https://photo-assets.superyachttimes.com/photo/275801/image/large-2f2956eeae26da8b87f51d5acc83b0a3.jpg" data-gid="gid://syiq/Photo/275801">With a beam of 6.34-metres and a volume spanning 155 GT, accommodation onboard the <a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">yacht D Five for sale</a> is arranged for up to 11 guests across four staterooms. Dedicated quarters are also provided for a crew of four, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/275805/image/large-9598d5bfb8222552d1a8ad9f3035afde.jpg" data-gid="gid://syiq/Photo/275805">In terms of performance, the <a data-gid="gid://syiq/Yacht/11591" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="D Five 28.72m (94'3&quot;)Azimut Yachts2021">yacht D Five for sale</a> 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, delivering a cruising speed of 28 knots and a top speed of 36 knots.<img src="https://photo-assets.superyachttimes.com/photo/275793/image/large-8a524678608acbbb13c67c4c0568d8de.jpg" data-gid="gid://syiq/Photo/275793">All images provided courtesy of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>.

29m Azimut motor yacht D Five for sale

The 28.72-metre Azimut yacht D Five is currently for sale. The flagship S10 motor yacht reaches 36 knots with spacious onboard living.


<a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> has announced the launch of the first new 23.99-metre Swan 80 yacht <a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> series from its shipyard in Pietarsaari, Finland. The Swan 80 yacht is the opening model in the Swan Maxi range and an evolution of the highly successful Swan 78 platform. <img src="https://photo-assets.superyachttimes.com/photo/396571/image/large-443eccad33fbc877c7ada335794a362d.jpg" data-gid="gid://syiq/Photo/396571">First unveiled during the 2023 <a data-gid="gid://syiq/Event/172" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2023">Cannes Yachting Festival</a>, the new Swan 80 also draws on the historic Swan 80 lineage. Designed under 24 metres, she aims to deliver the volume, presence and offshore capability of a significantly larger yacht.<img src="https://photo-assets.superyachttimes.com/photo/396572/image/large-5724f283d5a36c50398957a6f43875b5.jpg" data-gid="gid://syiq/Photo/396572"><img src="https://photo-assets.superyachttimes.com/photo/396573/image/large-eccfe9faf109deffa8fc30b242c08bdd.jpg" data-gid="gid://syiq/Photo/396573"><a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> features the signature style of naval architect <a data-gid="gid://syiq/Company/171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Frers (Company)">Germán Frers</a>, with exterior design by <a data-gid="gid://syiq/Company/4626" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Micheletti + Partners (Company)">Micheletti + Partners</a> and interior design penned by <a data-gid="gid://syiq/Company/1144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Misa Poggi (Company)">Misa Poggi</a>. She displays a clean and low profile, with long uninterrupted deck spaces to create an agile sailing silhouette.<img src="https://photo-assets.superyachttimes.com/photo/396575/image/large-32ff2a9d2b6588e5cbf577159ae0d874.jpg" data-gid="gid://syiq/Photo/396575"><img src="https://photo-assets.superyachttimes.com/photo/396574/image/large-1e422fa3e22f640e8f48864e0523d2e7.jpg" data-gid="gid://syiq/Photo/396574"><a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> showcases a sophisticated interior design, which can be transformed into a versatile space. Her lounging area with a TV and daybed complements her spacious dining area, allowing for guests to relax. <img src="https://photo-assets.superyachttimes.com/photo/396576/image/large-c6e5f3d80c21f5feb13f572a3e0c8f13.jpg" data-gid="gid://syiq/Photo/396576">Her technical areas have been integrated beneath her saloon sole, allowing for her to maximise volume while preserving a calm and uncluttered environment for all guests onboard.<img src="https://photo-assets.superyachttimes.com/photo/396585/image/large-e61f21af40f45cae451be7fccabbbc20.jpg" data-gid="gid://syiq/Photo/396585"><a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> features a forward master suite, a forward VIP stateroom and two aft guest staterooms, with one of her guest rooms able to be converted into a media lounge or an additional dining area. Her crew cabins are situated aft and have independent access, ensuring privacy and seamless service for guests. <img src="https://photo-assets.superyachttimes.com/photo/396579/image/large-817c8b74465a36a0c2e4f144fe78853d.jpg" data-gid="gid://syiq/Photo/396579"><a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> combines foam-cored glass fibre reinforced epoxy with carbon fibre reinforcements, alongside sacrificial rudder tips, sealed structural compartments and multiple keel options, including deep fixed, shallow and telescopic lifting configurations. <img src="https://photo-assets.superyachttimes.com/photo/396580/image/large-90cb4c3341bdbdba2fe85bbd680d1e1f.jpg" data-gid="gid://syiq/Photo/396580">She pairs a near flush teak deck which flows from her cockpit to stern, with her winches and controls positioned for handling in both short-handed and fully crewed configurations. Her cockpit can also be configured as a protected cruising lounge, an open racing space or a social terrace.<img src="https://photo-assets.superyachttimes.com/photo/396583/image/large-8b3cbb1b7fe6813ad11ed89a8dd537f4.jpg" data-gid="gid://syiq/Photo/396583">Her transform provides guests with a direct connection to the water by opening into a beach platform with integrated access to the swimming area and tender garage. &nbsp;<a data-gid="gid://syiq/Yacht/13752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elvi25.55m (83'10&quot;)Nautor Swan2026">Elvi</a> will make her world premiere at the <a data-gid="gid://syiq/Event/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2026">Cannes Yachting Festival 2026</a> and her sailing debut during the Rolex Swan Cup in Porto Cervo in September 2026, marking the 60th anniversary of the yard with the rest of the fleet.&nbsp;

Elvi: First Swan 80 Maxi yacht launched

Nautor Swan has announced the launch of the first new 23.99-metre Swan 80 yacht Elvi series from its shipyard in Pietarsaari, Finland.

First 24m Nautor Swan 80 Maxi yacht Elvi launched

The 109-metre <a href="https://www.superyachttimes.com/companies/lurssen" target="_blank">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/6431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="O3109.0m (357'7&quot;)Lürssen Yachts2026">O3</a>, ex. Project Icecap/Project Shackleton, has been delivered to her owner from the shipyard's facility in Hamburg. The superyacht is now cruising the Danish coast, having briefly stopped in Kristiansand in Norway on route, and is currently anchored in Flenburg on the south west coast. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/385756/image/large-55d770ba67f165c3682a05d06f089bca.jpg" data-gid="gid://syiq/Photo/385756">Originally announced in 2017, the superyacht was then resold in-build in 2022 and underwent significant changes under the supervision of the team at <a data-gid="gid://syiq/Company/6940" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Occam Marine (Company)">Occam Marine</a> who oversaw her construction of behalf of her new owner. <img src="https://photo-assets.superyachttimes.com/photo/384315/image/large-c656645bce219c33e33273c7a4090898.jpg" data-gid="gid://syiq/Photo/384315">Originally the superyachts exterior was penned by <a data-gid="gid://syiq/Company/4827" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salt Ship Design (Company)">Salt Ship Design</a>, however since the resale the team at <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino Design</a> have dramatically redesigned her, adding an additional deck to the aft of the yacht that features a helipad ontop. The superyacht's interiors are the work of Parisian studio <a data-gid="gid://syiq/Company/4421" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CG Design (Company)">CG Design</a> and have been kept tightly underwraps.<img src="https://photo-assets.superyachttimes.com/photo/384314/image/large-9b4b8c9cd9bf8c33f745e7f938cdf2ed.jpg" data-gid="gid://syiq/Photo/384314">Construction began at the <a href="https://www.superyachttimes.com/companies/lurssen" target="_blank">Lürssen</a> Peene-Werft shipyard in Wolgast, Germany, before she was transferred to the <a href="https://www.superyachttimes.com/companies/lurssen" target="_blank">Lürssen</a> Hamburg facility for outfitting in 2022, where she was completed in a floating drydock. &nbsp; &nbsp;Designed and built for expedition, the superyacht has an ice-class hull, expansive tender, toy and equipment storage, in addition to the commercial helipad on her aft upper deck. &nbsp;

Lürssen yacht O3 delivered

The Lurssen superyacht O3 has been delivered to her owner.

109m Lürssen superyacht O3, ex.Shackleton, delivered

<a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> has announced that the 49.98-metre motor yacht <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> is preparing for her sea trials.<img src="https://photo-assets.superyachttimes.com/photo/396522/image/large-f97599b52b7c3e4adb33a5e23df0ca8b.jpeg" data-gid="gid://syiq/Photo/396522">The yacht was launched from <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen's</a> facility in Oss, the Netherlands, on 14 March and marks the fourth hull in the Dutch shipyard's 5000 Aluminium series. Construction commenced in 2023, with her aluminium hull and superstructure united in July 2024.<img src="https://photo-assets.superyachttimes.com/photo/396523/image/large-9314ce312161350642ebea29231c6ef3.jpeg" data-gid="gid://syiq/Photo/396523">Penned entirely in-house, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia's</a> naval architecture is based on <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen's</a> hard-chine, shallow-draught Fast Displacement Hull Form. Her exterior design was crafted by Frank Laupman of <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a> and is finished in a distinctive Whisper Grey <a data-gid="gid://syiq/Company/1485" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Awlgrip (Company)">Awlgrip</a> paint scheme.<img src="https://photo-assets.superyachttimes.com/photo/396651/image/large-a603ef8da832512f7f449be519a433b4.jpeg" data-gid="gid://syiq/Photo/396651"><img src="https://photo-assets.superyachttimes.com/photo/396649/image/large-205f426ce70968959dc26de7e55d1248.jpeg" data-gid="gid://syiq/Photo/396649">Inside, the semi-custom yacht features interiors by <a data-gid="gid://syiq/Company/205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cristiano Gatto Design (Company)">Cristiano Gatto Design</a>, where a sophisticated palette of sage green tones, mustard accents and warm bronze details creates an inviting atmosphere throughout. Drawing inspiration from her name, which derives from the Greek word for wisdom, the interior concept aims to evoke a sense of refinement and understated elegance.<img src="https://photo-assets.superyachttimes.com/photo/396652/image/large-546c42eb9478bab7a3c65d2890fd6cd3.jpeg" data-gid="gid://syiq/Photo/396652"><img src="https://photo-assets.superyachttimes.com/photo/396521/image/large-94b3294045e1a5ec9b8051e43a93085a.jpg" data-gid="gid://syiq/Photo/396521">Moreover, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> accommodates up to 12 guests across five staterooms at a volume of 499 GT. The arrangement is centred around a spacious owner's suite on the forward main deck, while the remaining guest accommodation is located on the lower deck.<img src="https://photo-assets.superyachttimes.com/photo/396654/image/large-02734840dc2a01b6adc255a522411d83.jpeg" data-gid="gid://syiq/Photo/396654"><img src="https://photo-assets.superyachttimes.com/photo/396648/image/large-4000c45f762e6e39242191239693e51b.jpeg" data-gid="gid://syiq/Photo/396648">Outdoor living is a key feature of the yacht's design. A generous beach club provides direct access to the water, while the main deck aft terrace offers ample space for lounging and relaxation. Guests can enjoy alfresco dining on the bridge deck aft, with additional entertaining and sunbathing areas available on the expansive sundeck.<img src="https://photo-assets.superyachttimes.com/photo/396653/image/large-ab0cf674fd5eaebcc711944e0736c3cf.jpeg" data-gid="gid://syiq/Photo/396653"><img src="https://photo-assets.superyachttimes.com/photo/396520/image/large-bc3e170199cfcab010ffbf2bec2571f3.jpg" data-gid="gid://syiq/Photo/396520">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, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> is expected to reach a top speed of 23 knots and offers a transatlantic range of 3,100 nautical miles when cruising at 11 knots.Built on speculation, <a data-gid="gid://syiq/Yacht/12972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sophia49.98m (163'12&quot;)Heesen Yachts2026">Sophia</a> is currently listed for sale and is scheduled for delivery on 15 July 2026.<img src="https://photo-assets.superyachttimes.com/photo/396647/image/large-318a3cc36ef6d0d7e0136af4f2acdb03.jpeg" data-gid="gid://syiq/Photo/396647">Photo courtesy of <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>.

Heesen yacht Sophia sea trials

Heesen has announced that the 49.98-metre Heesen motor yacht Sophia is preparing for her sea trials. 

50m Heesen superyacht Sophia prepares for sea trials

<a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> has announced the sale of the <a data-gid="gid://syiq/Yacht/17173" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto DOM 155/0146.9m (153'10&quot;)Baglietto S.p.A.2029">first hull in its new DOM155 series</a>. Measuring 46.9 metres in length, the yacht is scheduled for delivery in 2029 and was designed by <a data-gid="gid://syiq/Company/76" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vafiadis (Company)">Stefano Vafiadis</a>.<img src="https://photo-assets.superyachttimes.com/photo/382594/image/large-8e21c024562bf809d3fe206fd62c8a70.png" data-gid="gid://syiq/Photo/382594">The project was commissioned by a highly experienced owner, with Building Captain Simon Mackay overseeing construction. The sale marks Mackay's second collaboration with the La Spezia-based shipyard. Interior designer <a data-gid="gid://syiq/Company/6293" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leonardo Santi Design (Company)">Leonardo Santi</a> has been appointed to develop the yacht's bespoke interiors."We are very pleased with this sale, which comes just a few months after the project was first unveiled to the market earlier this year," said <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto</a> Chief Commercial Officer Fabio Ermetto.The DOM155 builds upon <a data-gid="gid://syiq/Company/375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baglietto S.p.A. (Company)">Baglietto's</a> ‘Roman domus at sea’ philosophy, placing a strong emphasis on spacious living areas and a seamless connection to the surrounding environment. Positioned below the 500 GT threshold the series is characterised by sculpted exterior lines and an aluminium construction. Moreover, it combines generous volumes with high performance, a shallow draught and extensive opportunities for owner customisation."The fact that the owner is already an enthusiast of our brand further confirms the growth path we are pursuing and the strength and credibility of our offering," added Fabio. "The DOM155 fits perfectly within this vision, embodying a yacht distinguished by a high degree of customisation, exceptional comfort and outstanding volumes. We are fully confident that it will establish itself as a benchmark in the under-500 GT segment."<img src="https://photo-assets.superyachttimes.com/photo/396529/image/large-974aa645eaef7ef5909aa55ce81817ef.png" data-gid="gid://syiq/Photo/396529">One of the yacht's defining features is her stern arrangement, which incorporates a multifunctional wellness area complete with an infinity pool and a configurable beach club. Depending on owner requirements, the space can be arranged as a spa, gymnasium or additional tender garage. Elsewhere, full-height glazing and open-plan layouts are designed to blur the boundaries between interior and exterior living spaces.Accommodation is centred around a full-beam owner's suite on the main deck, complemented by four guest cabins below deck, with the option to add a fifth cabin if desired. Crew quarters have been carefully integrated to support efficient onboard operations. Crowning the yacht is a 130-square-metre sundeck offering uninterrupted panoramic views, alongside multiple lounge spaces and an additional swimming pool.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, the DOM155 is expected to reach a top speed of 16 knots.

First Baglietto DOM155 yacht sold

Baglietto has announced the sale of the first hull in its new DOM155 series.

First 47m Baglietto DOM155 superyacht sold

SuperYacht Times steps onboard the 49.9-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> superyacht <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a>, currently available for charter with <a data-gid="gid://syiq/Company/259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Y.CO (Company)">Y.CO</a>. With final availability remaining this summer from 1 to 30 September, <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a> will cruise the South of France, Monaco and Corsica, with Greece also a possibility under the YET scheme. <img src="https://photo-assets.superyachttimes.com/photo/396536/image/large-4257306e7ff1b305b461d14458fe4331.jpg" data-gid="gid://syiq/Photo/396536">Delivered in 2024 as part of the Italian shipyard <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>’s B.Now 50M series, she offers a refined sanctuary at sea designed around wellness and elevated living for the 2026 Mediterranean charter season.<img src="https://photo-assets.superyachttimes.com/photo/396546/image/large-7fddf15923c2049f4813079836d7813d.jpg" data-gid="gid://syiq/Photo/396546" 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;"><img src="https://photo-assets.superyachttimes.com/photo/396541/image/large-874e5aa35be08cfb38204726932545df.jpg" data-gid="gid://syiq/Photo/396541" 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);"><a data-gid="gid://syiq/Article/60803" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti B.Now 50m superyacht Dyna® delivered (2024-06-20 14:00:00 +0200)">Read: Benetti B.Now 50m superyacht Dyna® delivered</a><a data-gid="gid://syiq/Article/60803" href="https://sya.superyachttimes.com/news/50m-benetti-superyacht-dyna-r#managed-by-system" target="_blank"><img src="https://photo-assets.superyachttimes.com/photo/396549/image/large-3c556360c9cef4349494d51d0405bbdc.jpg" data-gid="gid://syiq/Photo/396549"></a>Built with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a> features exterior design by <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a>, while her interiors and naval architecture were designed in-house by <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a>. &nbsp;Her Oasis Deck concept boasts amenities that are uncommon for a vessel this size, most notably her large main deck aft pool, which serves as a central entertainment area for guests.<img src="https://photo-assets.superyachttimes.com/photo/396543/image/large-e3daca00b25eb3026106d0532ca616e0.jpg" data-gid="gid://syiq/Photo/396543" 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);"><img src="https://photo-assets.superyachttimes.com/photo/396550/image/large-088e9cc3768fc25179e16fb17ab91843.jpg" data-gid="gid://syiq/Photo/396550" 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);">Reinforcing an onboard experience anchored in rejuvenation, <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a> guests can enjoy a spacious and serene spa, a massage room on the lower deck, with a sauna, a treatment area and steam shower, alongside dedicated gym equipment.<img src="https://photo-assets.superyachttimes.com/photo/396545/image/large-96124345e40d38781c6c2d1262291218.jpg" data-gid="gid://syiq/Photo/396545"><img src="https://photo-assets.superyachttimes.com/photo/396548/image/large-b1057713234562ec3d92e161c3ca7213.jpg" data-gid="gid://syiq/Photo/396548" 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);">The 499 GT yacht also boasts an outdoor cinema and a firepit forward on the upper deck for evenings under the stars. A selection of state-of-the-art water toys is complemented by a stylish <a data-gid="gid://syiq/Company/5598" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Novamarine (Company)">Novamarine</a> Black Shiver chase boat, extending her exploration and entertainment capabilities.<img src="https://photo-assets.superyachttimes.com/photo/396544/image/large-4e2be92e62159d20b5d3b832b065d4a2.jpg" data-gid="gid://syiq/Photo/396544"><img src="https://photo-assets.superyachttimes.com/photo/396569/image/large-739fd9d6ddca9db4200faf972a5c65f6.jpg" data-gid="gid://syiq/Photo/396569">Inside, <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a> presents a light and airy aesthetic attributed by sand-toned hues and curated Italian artworks. Floor-to-ceiling windows illuminate the open-plan main saloon, where the lounge seamlessly flows to the formal dining, emulating the ambience of a gallery. Her sophisticated yet inviting layout is curated to ensure intuitive movement and comfort throughout.<img src="https://photo-assets.superyachttimes.com/photo/396567/image/large-11f9f696b645b8efaac15b029c28fd1e.jpg" data-gid="gid://syiq/Photo/396567"><img src="https://photo-assets.superyachttimes.com/photo/396568/image/large-a80e499200d7c6a08dd55384c56d55ed.jpg" data-gid="gid://syiq/Photo/396568">The <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> yacht for charter accommodates up to 12 guests across six staterooms, comprising a master suite, three double staterooms and two twin staterooms, all ensuite. Her sumptuous master suite benefits from a private balcony, as well as a spacious ensuite and walk-in wardrobe.<img src="https://photo-assets.superyachttimes.com/photo/396561/image/large-f3c42979e69a343b6274847664c659f7.jpg" data-gid="gid://syiq/Photo/396561"><img src="https://photo-assets.superyachttimes.com/photo/396565/image/large-219f317e50a87002c14bb78a237423f6.jpg" data-gid="gid://syiq/Photo/396565">Moreover, she accommodates a crew of 11 across five quarters. The crew provides a highly personalised charter experience, with service that includes tailored health guidance spanning nutrition to movement.<img src="https://photo-assets.superyachttimes.com/photo/396562/image/large-6f89bf5ec3bbb0a01c34518aefca7f9f.jpg" data-gid="gid://syiq/Photo/396562"><img src="https://photo-assets.superyachttimes.com/photo/396564/image/large-99ffe004019afc2cd27f0f686e84d7dd.jpg" data-gid="gid://syiq/Photo/396564">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, <a data-gid="gid://syiq/Yacht/11045" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dyna R49.9m (163'9&quot;)Benetti SpA2024">Dyna®</a> cruises at 12 knots and reaches a top speed of 15 knots, with a range of approximately 4,500 nautical miles at cruising speed.<img src="https://photo-assets.superyachttimes.com/photo/396547/image/large-d4ae5b757ae1b26b0637ba252b1153a6.jpg" data-gid="gid://syiq/Photo/396547"><img src="https://photo-assets.superyachttimes.com/photo/396540/image/large-48d4de799da8b2ad626854ba5f7479b3.jpg" data-gid="gid://syiq/Photo/396540">All images provided courtesy of <a data-gid="gid://syiq/Company/259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Y.CO (Company)">Y.CO</a>.

Onboard the 50m Benetti superyacht Dyna®

The 49.9m Benetti superyacht Dyna R is available for charter with Y.CO in the Mediterranean from May 2026.

Inside Dyna®: The 50m Benetti charter yacht designed as a floating wellness retreat

The 26.77-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> has been sold with Andrea Gallazzi of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/358752/image/large-08eac157a11d1569886deed3904ae603.png" data-gid="gid://syiq/Photo/358752">Delivered in 2023, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> forms part of the <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> Grande 27 Metri series and was previously known as Catalina. The yacht features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>, interiors by <a data-gid="gid://syiq/Company/563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salvagni Architetti (Company)">Salvagni Architetti</a> and naval architecture developed by <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>.Constructed with a GRP hull and superstructure, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> is characterised by sleek exterior lines, expansive glazing and generous outdoor living spaces. Her flybridge configuration provides multiple areas for dining, lounging and entertaining, while maintaining a strong connection to the sea.With a beam of 6.57-metres and an interior volume of 145 GT, accommodation onboard is arranged for up to 10 guests across five well-appointed staterooms. Additional quarters are provided for a crew of three, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</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 24 knots and a top speed of 28 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/12834" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scudo26.77m (87'10&quot;)Azimut Yachts2023">Scudo</a> had a last known asking price of €5,900,000. (Image courtesy of&nbsp;<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">Marinemax</a>.)

27m Azimut motor yacht Scudo sold

 The 26.77-metre Azimut motor yacht Scudo has been sold in a deal involving IYC.

The 28.93-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> motor yacht <a data-gid="gid://syiq/Yacht/9359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy28.93m (94'11&quot;)Sanlorenzo2021">Legacy</a> has been sold. Tony Lazzara of <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> introduced the buyer, while Ariel Taubas of <a data-gid="gid://syiq/Company/4682" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo Americas (Company)">Sanlorenzo Americas</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/371777/image/large-8d39369ff050e8dc3bd49f13f1565ee1.jpg" data-gid="gid://syiq/Photo/371777">Delivered in 2022, she features naval architecture penned in-house by her Italian builder. Meanwhile, <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> took charge of the exterior design and <a data-gid="gid://syiq/Company/5443" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Patricia Urquiola (Company)">Studio Patricia Urquiola</a> crafted the interiors.At a volume of 180 GT, she can accommodate up to ten guests across five well-appointed staterooms. Guests can also enjoy the Jacuzzi in the foredeck of the yacht.<a data-gid="gid://syiq/Yacht/9359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy28.93m (94'11&quot;)Sanlorenzo2021">Legacy</a> is built with a GRP hull and superstructure and 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, giving her a top speed of 19 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/9359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Legacy28.93m (94'11&quot;)Sanlorenzo2021">Legacy</a> had a last known asking price of $8,700,000.Photo courtesy of <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a>.

Market Insight

Sanlorenzo reports robust €1.2 billion yacht order backlog