<a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">Saudi Red Sea Authority</a> has signed two Memorandums of Understanding (MoU) with Prince Albert II of Monaco Foundation (Foundation Prince Albert II de Monaco) and <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Monaco Yacht Club</a> (Yacht Club de Monaco), aiming to establish maritime cooperation and develop coastal tourism in the Red Sea.The Memorandums of Understanding were signed on this week at the <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Monaco Yacht Club</a> headquarters. Representing the parties were His Excellency the Acting CEO of <a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">Saudi Red Sea Authority</a> Mohammed Al-Asiri, Olivier Wenden of the Prince Albert II of Monaco Foundation, and Bernard D’Alessandri of <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Monaco Yacht Club</a>.<img src="https://photo-assets.superyachttimes.com/photo/63647/image/large-640dcdb39f80f9ae6250466719589ef9.jpg" data-gid="gid://syiq/Photo/63647">His Excellency the Acting CEO of <a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">Saudi Red Sea Authority</a> Mohammed Al-Asiri described the MoUs as “strategic partnerships”, saying, “The two Memorandums of Understanding aim to improve cooperation with global maritime entities in order to achieve our goals in developing the maritime sectors, ensuring the protection of the natural environment and encouraging coastal tourism in the Kingdom, including developing it economically.”Accompanied by a delegation from the <a data-gid="gid://syiq/Company/7270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Ministry of Tourism (Company)">Saudi Ministry of Tourism</a>, <a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">SRSA</a> discussed its mandate, which included growing its strategic partnerships, in a series of meetings with His Excellency Minister of State of the Principality of Monaco Pierre Dartout, <a data-gid="gid://syiq/Company/7271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Department of Maritime Affairs (Company)">Monaco’s Department of Maritime Affairs</a>, and yacht management company <a data-gid="gid://syiq/Company/2220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hill Robinson (Company)">Hill Robinson</a>.<img src="https://photo-assets.superyachttimes.com/photo/281777/image/large-555b5cf08c6823c857924c0f94103217.jpg" data-gid="gid://syiq/Photo/281777">The signing of the two agreements aligns with the <a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">Saudi Red Sea Authority</a>’s mandate to regulate the navigational activities of cruise ships and yachts, as well as to promote tourism and marine recreational activities. By signing the agreements, the <a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">SRSA</a> affirms their aim to encourage coastal tourism in the Red Sea and establishes maritime cooperation with expanded strategic partnerships with relevant international entities.The first MoU, between <a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">SRSA</a> and the Prince Albert II of Monaco Foundation, aims to promote cooperation in developing human capital and future leaders, hosting joint events, exchanging knowledge and experiences in areas of mutual interest, initiatives and research projects to explore new solutions to global challenges, and raising awareness of important issues and promoting positive change through joint awareness campaigns.<img src="https://photo-assets.superyachttimes.com/photo/273322/image/large-81c76517a9d6ab0a6ba06abc70e22e99.jpg" data-gid="gid://syiq/Photo/273322">The second MoU, between <a data-gid="gid://syiq/Company/7269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Saudi Red Sea Authority (Company)">SRSA</a> and <a data-gid="gid://syiq/Company/4337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club de Monaco (Company)">Monaco Yacht Club</a>, aims to promote cooperation in organising joint events, environmental initiatives, promoting sustainable practices in the Red Sea, maximising the use of marine professionals to offer courses in navigation, safety and environmental stewardship, research related to the marine environment and sustainable development, and joint action to promote Red Sea tourism development.

Saudi Red Sea Authority, Prince Albert II of Monaco Foundation and Monaco Yacht Club sign MoUs

Coral Reef, Red Sea

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Jeddah, Saudi Arabia

Yacht Club de Monaco 

Saudi Red Sea Authority signed two Memorandums of Understanding with Prince Albert II of Monaco Foundation and Monaco Yacht Club.

Saudi Red Sea Authority signs MoUs with Prince Albert II of Monaco Foundation and Monaco Yacht Club to establish maritime cooperation

In a world where innovation and tradition often wrestle for supremacy, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef Yachts</a> has carved a distinctive niche, blending technological prowess with enduring core values. Founded by Francis Lapp over two decades ago, the Polish shipyard has become synonymous with pioneering multihull design, eco-innovation, and bespoke craftsmanship.&nbsp;As <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> embarks on an ambitious phase of global expansion – marked notably by the opening of its new Ras Al Khaimah facility – we sat down with Lapp to discuss the brand’s evolving strategy, its commitment to sustainability, and the exciting future that lies ahead for one of the yachting world's most dynamic builders.<img src="https://photo-assets.superyachttimes.com/photo/242997/image/large-2bdd9d4728d9b04eb78544d6170b2365.jpg" data-gid="gid://syiq/Photo/242997"><a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef Yachts</a>&nbsp;has established a distinct identity in the multihull segment – how would you define the brand’s core values and how have they evolved over the past two decades?<a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef Yachts</a> is a company of curious, creative and open-minded people. We are not afraid to take on challenges. We believe in research and development and rely heavily on our in-house expertise and hard work. While the technology we use has evolved significantly over the past twenty years, &nbsp;I think our fundamental values have remained the same. We always try to have a quick and accurate response to customer expectations.You’ve introduced high-profile ambassadors such as Rafael Nadal and Nico Rosberg – what role do these partnerships play in your broader brand strategy?Sports and sports personalities naturally generate positive emotions, and that energy resonates with people worldwide. Sports like Formula 1 and tennis have millions of fans globally, so partnering with ambassadors from these fields helps us reach large audiences. What’s particularly interesting is that we never approach these ambassadors first. The story is always the same-they are individuals who are genuinely looking for a high-quality yacht, and they reach out to us. From there, we start working together. If we can use this positive energy to also highlight sustainable technology, that’s a perfect match.<img src="https://photo-assets.superyachttimes.com/photo/303408/image/large-022834fc0e2241870276c2edca7d1a36.jpg" data-gid="gid://syiq/Photo/303408">With the opening of your new shipyard in Ras Al Khaimah, how do you envision&nbsp;<a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a>’s presence in the Middle East reshaping your production capabilities and regional engagement?Ras Al Khaimah has proven to be a very business-friendly environment for us. We were able to quickly establish a new facility there, and we are now building our new ULTIMA catamarans at this site. We actively participate in local boat shows across the UAE and have an office in Dubai to stay connected with the market. The region has a strong appetite for new technology and is very forward-thinking, which aligns perfectly with our vision. Additionally, our teams in both Ras Al Khaimah and Dubai are growing, which strengthens our regional presence and production capabilities.<img src="https://photo-assets.superyachttimes.com/photo/360326/image/large-91326a861104d7e5ff16388a31b35570.jpg" data-gid="gid://syiq/Photo/360326">How do you ensure that innovation in sustainability remains commercially viable while still meeting the lifestyle expectations of your clientele?It’s very important for us to communicate that eco-friendly technology and luxury lifestyle go hand in hand. Silent propulsion systems that produce no fumes and no vibrations, are the next level of relaxation onboard. When it comes to materials, we offer recycled or recyclable options that are not only environmentally responsible but also beautiful and reliable. There is no real sacrifice in terms of luxury; in fact, our clients enjoy more peace and silence, which enhances the onboard experience. Also, they save a lot on fuel and maintenance. <img src="https://photo-assets.superyachttimes.com/photo/243905/image/large-b7368602baa901d0f101ff313dc50e45.jpg" data-gid="gid://syiq/Photo/243905">There’s been a noticeable trend toward larger catamarans within your portfolio – what is driving this appetite for size, and how is&nbsp;<a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a>&nbsp;adapting?We are definitely seeing a growing demand for larger catamarans. We currently have three <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> 43M superyachts in production. This is a trend that <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> is setting in the industry. We want to demonstrate that superyachts can be both energy-efficient and have a positive environmental image. We have a separate superyacht team of specialists and facilities that are perfectly adapted to large projects.&nbsp;How do you balance customisation and scalability when developing larger, more complex multihulls, particularly as the demand for bespoke interiors and hybrid systems increases?For the <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> 43-meter model, we carried out the world’s largest single-shot composite hull infusion, which is a significant technical achievement. The composite structure is fully adapted to integrate solar cells. To ensure efficiency without compromising customisation, the interiors are constructed in a separate, dedicated area. This approach allows us to deliver highly bespoke interiors while maintaining scalability and production timelines.Looking ahead, what can we expect from&nbsp;<a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a>&nbsp;in terms of product innovation or strategic expansion?I can only tell you that there will be some extra focus on sailing and as always, developing new tech. <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> will remain <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> – a dynamic and inspiring brand.&nbsp;

Sunreef yachts Francis Lapp interview

We sat down with Francis Lapp of Sunreef to discuss the brand’s evolving strategy, its commitment to sustainability.

Charting a bold course: How Sunreef Yachts is shaping the future of luxury multihulls

Italian marine accessories manufacturer <a data-gid="gid://syiq/Company/1824" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Opacmare SpA (Company)">Opacmare</a> has announced the acquisition of <a data-gid="gid://syiq/Company/4043" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pin-Craft (Company)">Pin-Craft</a>, a Viareggio-based company known for its production of high-quality components for the yachting industry. <img src="https://photo-assets.superyachttimes.com/photo/360445/image/large-2400bb5c04259c956e0e863cea4cc4c0.jpeg" data-gid="gid://syiq/Photo/360445">The acquisition allows <a data-gid="gid://syiq/Company/1824" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Opacmare SpA (Company)">Opacmare</a> to strengthen its position in the high-end yacht accessories market and broaden its product range, particularly for yachts over 50 metres in length. According to <a data-gid="gid://syiq/Company/1824" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Opacmare SpA (Company)">Opacmare</a>, the move is part of a five-point strategy that includes increasing production capacity, offering turnkey solutions with installation included and improving internal efficiency through integration.&nbsp;“We strongly believe that this acquisition shall add value not only to our company, but to clients, suppliers and partners as well,” explained &nbsp;Pietro Sacco, President of <a data-gid="gid://syiq/Company/1824" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Opacmare SpA (Company)">Opacmare</a>.“It is a forward-looking choice aiming for growing together towards excellence, innovation and sustainability.”The company stated that it plans to leverage <a data-gid="gid://syiq/Company/4043" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pin-Craft (Company)">Pin-Craft</a>’s existing infrastructure and technical know-how to optimise service delivery and support larger, more complex projects.The acquisition is also expected to provide <a data-gid="gid://syiq/Company/4043" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pin-Craft (Company)">Pin-Craft</a> with access to new international markets through <a data-gid="gid://syiq/Company/1824" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Opacmare SpA (Company)">Opacmare</a>’s distribution network, potentially increasing its commercial reach and turnover.The integration process is already underway, with teams from both companies collaborating on the transition.

Opacmare acquires Pin-Craft

Opacmare has announced the acquisition of the yacht component production company Pin-Craft. 

As <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Falmouth</a> enters a new phase of growth and investment, SuperYacht Times sits down with Charlie Ross, Director of Operations, to discuss current activity at the yard, future plans, and how the company continues to blend craftsmanship with technological innovation. &nbsp;Having joined the business almost 20 years ago as an ex-Lloyd's surveyor, Charlie has worked throughout the company’s spectrum of operations, from refit project management to new-builds. He is now bringing his broad collective experience to the management of the Falmouth facility, working closely with the <a data-gid="gid://syiq/Company/2873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Vilanova (Company)">Vilanova</a> facility and partners at both <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> and <a data-gid="gid://syiq/Company/8215" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Norfolk Interiors (Company)">Norfolk Interiors</a>.<img src="https://photo-assets.superyachttimes.com/photo/360143/image/large-3d0e289de973e834b3f34e6ff3850edf.jpg" data-gid="gid://syiq/Photo/360143"> Are there strategic or physical developments on the horizon?&nbsp;The most recent development has been the reorganising of our management structure, which allows us to focus more effectively moving forward. My role centres on Falmouth, ensuring clear ownership and direction. Stephen Hills can now focus on the Group’s commercial activities and Toby Allies on client engagement. We’re planning both in five-year and 15-year horizons – not just business goals, but also how we’re perceived by the community and the industry as a whole.&nbsp;We are also making physical amendments to the yard in Falmouth and have secured planning permission to raise the roof on part of the dry dock, which will allow larger vessels with more air draft to enter. We’re also extending Hall 3 – where <a data-gid="gid://syiq/Yacht/6289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fox34.86m (114'4&quot;)Pendennis Shipyard Ltd2024">Fox</a> was built – by 40 metres, adding capacity, workshops, and new technology. Currently we can handle a single 75 metre and a 50 metre yacht simultaneously. The dry dock upgrade will allow us to accommodate two 75 metre yachts simultaneously, meeting current, and hopefully future demand for our services. <img src="https://photo-assets.superyachttimes.com/photo/325968/image/large-1443b1fbe4f1427100735cb56f5e73de.jpg" data-gid="gid://syiq/Photo/325968">Following the delivery of the 34.86-metre&nbsp;<a data-gid="gid://syiq/Yacht/6289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fox34.86m (114'4&quot;)Pendennis Shipyard Ltd2024">Fox</a>&nbsp;last year, has there been a shift in perception of&nbsp;<a data-gid="gid://syiq/Company/2873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Vilanova (Company)">Pendennis</a>&nbsp;as a new-build facility as well as refit?&nbsp;Definitely. Over recent years we’ve completed some highly significant rebuilds and reconstructions such as the classic motor yacht <a data-gid="gid://syiq/Yacht/534" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marala58.8m (192'11&quot;)Camper & Nicholsons Shipyard1931">Marala</a> and more recently <a data-gid="gid://syiq/Yacht/3535" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jester68.8m (225'9&quot;)OY Laivateollisuus1972">Jester</a> and <a data-gid="gid://syiq/Yacht/697" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf58.83m (193'0&quot;)J. & K. Smits Scheepswerven N.V.1957">Seawolf</a>, which have shone the light on our refit capabilities.&nbsp;The completion of <a data-gid="gid://syiq/Yacht/6289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fox34.86m (114'4&quot;)Pendennis Shipyard Ltd2024">Fox</a> last year, however, was an opportunity to demonstrate to the industry that our expertise is excellently translated to the completion of complex new-builds. <a data-gid="gid://syiq/Yacht/6289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fox34.86m (114'4&quot;)Pendennis Shipyard Ltd2024">Fox</a> was an unusual project, coming to us in a partially completed state, we were able to employ a lot of our technological and design abilities to the yacht and put our own print on it. The final yacht has been extremely well received, and we are certainly open to more new-builds, though we do not have plans to transition into a solely new-build yard. &nbsp;<a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Falmouth</a> is a full-service shipyard, and we employ all of our staff directly which gives us excellent control over timelines and quality. That being said, in the past 18 months we’ve had the aforementioned and highly significant rebuild of the 58.83-metre <a data-gid="gid://syiq/Yacht/697" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf58.83m (193'0&quot;)J. & K. Smits Scheepswerven N.V.1957">Seawolf</a>, as well as an electric-propulsion aluminium catamaran for the Thames; alongside the refits of returning clients such as <a data-gid="gid://syiq/Yacht/2349" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rebecca42.42m (139'2&quot;)Pendennis Shipyard Ltd1999">Rebecca</a>, <a data-gid="gid://syiq/Yacht/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Teleost49.07m (160'12&quot;)Feadship1998">Teleost</a>, <a data-gid="gid://syiq/Yacht/1454" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Catalina44.75m (146'10&quot;)Vitters Shipyard2001">Catalina</a>, and <a data-gid="gid://syiq/Yacht/1613" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adix64.85m (212'9&quot;)Astilleros de Mallorca S.A.1984">Adix</a>. Our long-serving team means many of the people who worked on a yacht years ago are still here for its next visit, and the lessons learned from refits directly inform our new-build practices, which I think makes it a very solid combined offering. <img src="https://photo-assets.superyachttimes.com/photo/360146/image/large-1b3d0f93fb14ef19b9957d6841a91d7b.jpg" data-gid="gid://syiq/Photo/360146"><a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Falmouth</a>&nbsp;has made significant investments in technology, could you elaborate on that with some specifics?&nbsp;In the first instance with <a data-gid="gid://syiq/Yacht/6289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fox34.86m (114'4&quot;)Pendennis Shipyard Ltd2024">Fox</a>, we used our 3D scanning capability to capture the built structural environment accurately so that we could then allocate the net space to systems engineering and allow the modelling of the interior carpentry and cabinetry to be developed in the envelope. Further to this to improve production efficiency and quality we elected not to use drawings but had the live digital models on iPad for the production teams to use for installation. This was a first step, next time I can see this being further augmented in some way to further improve the outcomes.&nbsp;At <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> we’re always looking to improve our facilities and services, and our most recent technological development has been the opening of a new Digital Manufacturing Centre (DMC) on-site in Falmouth. The DMC extends our current capability with additional CNC cutting, profiling and machining equipment to fully leverage our existing 3D scanning and design capability.&nbsp;On-site we have a CNC water cutting machine capable of cutting almost any material 200 mm thick, 4-metres long by 2-metres wide. We can also tap holes and mark parts if required. <img src="https://photo-assets.superyachttimes.com/photo/360149/image/large-350d90b6559d884eb6b7bd6a9db2db94.jpg" data-gid="gid://syiq/Photo/360149">How has the integration of&nbsp;<a data-gid="gid://syiq/Company/8215" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Norfolk Interiors (Company)">Norfolk Interiors</a>&nbsp;and&nbsp;<a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a>&nbsp;within the&nbsp;<a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>&nbsp;portfolio benefited your clients and developed the offering?&nbsp;With the additions of <a data-gid="gid://syiq/Company/8215" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Norfolk Interiors (Company)">Norfolk Interiors</a> and <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> our clients can benefit from the increased capabilities and experience that each subsidiary brings, whether it's designing and building bespoke interiors or offering high quality custom tenders. We think each brings coherency to our offering as a high-quality provider in the industry. Falmouth acts as the mothership, sharing technical expertise and benefiting from reciprocal knowledge exchange. <a data-gid="gid://syiq/Company/2873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Vilanova (Company)"><img src="https://photo-assets.superyachttimes.com/photo/351395/image/large-0d4f8dea45977909dcede234952a63d9.jpg" data-gid="gid://syiq/Photo/351395">Pendennis</a>&nbsp;has tended to favour a few long-term projects alongside maintenance work, rather than overloading. Is that still the case?&nbsp;Absolutely. As a full-service yard, the trade mix needs to fit. Long-term projects allow us to manage resources efficiently while also handling shorter refits. It means our technical and design specialists can contribute real value across the board.&nbsp;We’re not an out-and-out new build yard, nor just a quick refit stop. Clients come to us for technically challenging projects or tight timelines. We aim to deliver Northern European standards but with a more tailored service and continuity through facilities like <a data-gid="gid://syiq/Company/2873" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Vilanova (Company)">Vilanova</a>.&nbsp;We operate year-round, and the maritime tradition here means people love working at <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>. With a motivated workforce spanning generations, we’re committed to delivering excellent service. <img src="https://photo-assets.superyachttimes.com/photo/360144/image/large-0a275b5f3e56089f2708c16213d90fd0.jpg" data-gid="gid://syiq/Photo/360144">How central is team longevity and training to&nbsp;<a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>?&nbsp;Very central. Our average workforce age is around 37, thanks to ongoing apprenticeships. But we also have veterans who’ve been here since day one – there’s a wealth of knowledge, around 6 million man-hours. We recently repaired a timber sailing yacht’s hull using techniques mastered over decades. That continuity and expertise defines us. <img src="https://photo-assets.superyachttimes.com/photo/360148/image/large-f798fc5a55378e2e50c5da13b3addf96.jpg" data-gid="gid://syiq/Photo/360148">Finally, what do you see as your biggest challenge in leading Falmouth?&nbsp;A major focus is keeping skills development attractive to young people. We had over 300 attendees at our apprentice evening and 108 applicants for about 20 places – that’s promising. But we must ensure there are clear pathways into management or technical roles. We recently launched a digital manufacturing centre, grouping CNC and profiling tools with 3D scanning and other innovations. And of course, sustainability is a key challenge. We've hired a transformational lead to drive this agenda – it’s the start of a critical journey for the company.&nbsp;

Charlie Ross Pendennis Falmouth future

SuperYacht Times sits down with Charlie Ross, Director of Operations, to discuss current activity at the yard, future plans.

Charlie Ross on how Pendennis Falmouth is building for the future

<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has reported a 9.6% year-on-year increase in net revenues from the sale of new yachts, reaching €213.5 million in the first quarter of 2025. The performance was driven by growth in the Superyacht Division (+10.4%) and the contribution of the newly consolidated <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> Division (€23.8 million).<img src="https://photo-assets.superyachttimes.com/photo/320979/image/large-649a94dae16898ab9df849136057ab5a.jpg" data-gid="gid://syiq/Photo/320979">Financial performanceNet revenues from the sale of new yachts reached €213.5 million in Q1 2025, marking a 9.6% year-on-year increase compared to €194.8 million in the same period of 2024. This growth was bolstered by the Superyacht Division, which saw revenues rise by 10.4%, and the newly integrated <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> Division, contributing €23.8 million. In contrast, the Yacht and Bluegame divisions experienced modest contractions due to shifts in product mix and broader market challenges.EBITDA rose to €37 million, up 8.5% year-on-year, reflecting a solid 17.3% margin on net revenues despite integration costs tied to <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>. Net profit climbed 8.0% to €21.2 million, supported by tax efficiencies such as the Patent Box regime and strong operational performance. EBIT totalled €26.8 million, up 4.2%, aligning with full-year guidance.Global performance and order visibilityGeographically, the Americas led the charge with a remarkable 40.6% growth in revenue to €44.1 million, driven in part by momentum from the Palm Beach show. Europe, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s traditional stronghold, grew by 8.6%, while APAC remained stable. MEA, however, saw a decline of 25.1%, attributed to seasonal delivery fluctuations.<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s backlog remained robust at €1.2 billion, with 89% sold to final clients and delivery schedules extending as far as 2028 for the Superyacht Division. Notably, €699.7 million of the backlog is earmarked for delivery in 2025, already covering 71% of the company’s annual revenue guidance.Strategic investments and financial positionThe Group reported organic investments of €5.8 million, mostly directed towards new models and production capacity. Despite a seasonal dip in net financial position – a €28.1 million debt at quarter-end compared to a net cash position of €29.1 million at the end of 2024 – <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> remains financially resilient. The change reflects typical first-quarter cash flow dynamics and the acquisition of a 60% stake in strategic supplier AF Arturo Foresti S.r.l.Order intake during the quarter amounted to €178.1 million, a 5.9% increase year-on-year, underscoring the strength of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s multi-brand strategy, including Bluegame and <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>.Confident outlook amid strategic evolution<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> confirmed its full-year guidance, projecting net revenues from new yachts in the range of €960–1,020 million, with EBITDA expected between €178–194 million. CEO Massimo Perotti emphasised the Group’s resilient business model, grounded in “authentic and absolute principles of luxury”, and pointed to the growing strength of its custom semi-production strategy, particularly in the 30 to 50-metre superyacht segment.With recent investments in direct distribution – including the acquisition of Simpson Marine in APAC and the expansion of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> MED – and product innovation such as green methanol propulsion and hybrid systems, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> continues to chart a deliberate course towards sustainable, high-margin growth while reinforcing its position as a global leader in ultra-luxury yachting.

Sanlorenzo Q1 2025 results

Sanlorenzo has reported a 9.6% increase in net revenues from the sale of new yachts, reaching €213.5 million in the first quarter of 2025.

Sanlorenzo reports 9.6% revenue growth in Q1 2025 

German shipyard <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> has announced the appointment of Sven Göbel as Chief Executive Officer, succeeding Christian Möller, who has stepped down from the role for personal reasons.<img src="https://photo-assets.superyachttimes.com/photo/359768/image/large-73bb1f1a80e955bf95153d81c0e4ee02.jpg" data-gid="gid://syiq/Photo/359768">Göbel joins <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> with a strong background in industrial engineering, having graduated from the Technical University of Darmstadt with a focus on mechanical engineering. He brings extensive experience from both commercial and technical leadership roles in production-based industries, and will now take charge of finance, production and procurement at the shipyard.&nbsp;“I’m extremely excited and proud to be joining <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a>,” said Göbel. “This innovative shipyard, with its disruptive mindset, is setting new standards in modern yacht building. We have a clear path forward and I am confident that we will continue to grow in the years ahead.”<img src="https://photo-assets.superyachttimes.com/photo/313726/image/large-31f42c0ec79eb8826ecb1dc9654897fb.jpg" data-gid="gid://syiq/Photo/313726">While the CEO transition marks a significant shift, founder Michael Schmidt will remain closely involved with the business. His renewed focus will be on product development and enhancing the overall customer experience, particularly from the owner’s point of view, an approach that has long defined the brand’s ethos. Tijl Hetterschijt will continue to lead the sales and marketing division.Schmidt expressed confidence in Göbel’s appointment: “Sven has longstanding experience in managing a shipyard in a similar position and will bring <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> with his expertise into the next step of development.”<img src="https://photo-assets.superyachttimes.com/photo/313724/image/large-e4ee375adae42cd04b6472a8355a4311.jpg" data-gid="gid://syiq/Photo/313724"><a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> has steadily grown its international reputation for building carbon sailing yachts above 24 metres. According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, <a data-gid="gid://syiq/Company/5563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YYachts (Company)">YYachts</a> currently has a 25.99-metre Y8 sailing yacht currently in-build, with an expected delivery date of 2025.

Sven Göbel appointed as YYachts CEO

YYachts has announced the appointment of Sven Göbel as Chief Executive Officer, succeeding Christian Möller.

YYachts appoints Sven Göbel as new CEO

As of May 2025, Egypt permits foreign-flagged, commercially registered yachts to cruise freely for leisure throughout its territorial waters.<img src="https://photo-assets.superyachttimes.com/photo/241350/image/large-2de9324bef92f6cd991b8cb0b8e8d467.jpg" data-gid="gid://syiq/Photo/241350">The decision follows sustained advocacy and close coordination between maritime industry stakeholders and local authorities, including the active involvement of the <a data-gid="gid://syiq/Company/7369" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Felix Maritime Agency (Company)">Felix Maritime Agency</a>, in response to growing demand from international yacht owners.“This is a big win,” said Bahi Naguib, Operations Director at the <a data-gid="gid://syiq/Company/7369" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Felix Maritime Agency (Company)">Felix Maritime Agency</a>. “Opening Egypt’s waters to foreign-flagged commercial yachts is a long-overdue move that puts us on the map as a serious charter destination.”The change grants these yachts the freedom to explore Egypt’s diverse coastline, from the remote islands of the Red Sea to the shores of the Mediterranean, without the restrictions that previously applied.<img src="https://photo-assets.superyachttimes.com/photo/279422/image/large-544731ec79fe45cd2528500ce5176efc.jpg" data-gid="gid://syiq/Photo/279422">“There’s still a lot to sort out from customs and crew handling to basic marina infrastructure,” added Naguib. “We also need to grow our domestic charter scene and put real investment into protecting marine life, starting with proper mooring buoys to keep anchors off the reefs. This is a strong first step. Now the real work begins.”While it remains unclear whether foreign-flagged, commercially registered yachts are permitted to conduct charter or other commercial activities within Egyptian waters, or only when operating from outside the country, the policy shift is widely viewed as a step forward.<img src="https://photo-assets.superyachttimes.com/photo/279420/image/large-bbf998564925867f1969943c9439e57d.jpg" data-gid="gid://syiq/Photo/279420">Naguib also noted the role of international collaboration in driving the reform. “Exposure to international best practices, especially through platforms like the <a data-gid="gid://syiq/Event/232" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2024">Gulf Superyacht Summit</a>, played a key role in shaping the conversation. The insights and benchmarks laid out in the Summit report helped build the case with local authorities and showed what’s possible when policy supports growth.”It is expected to enhance Egypt’s appeal as a yachting destination and encourage more international yachts to explore the country’s natural landscapes, cultural heritage, and expanding maritime infrastructure.<img src="https://photo-assets.superyachttimes.com/photo/340276/image/large-59f32b4538aefb6aa2f02801c4370237.jpg" data-gid="gid://syiq/Photo/340276">Gulf Superyacht Summit 2025The <a data-gid="gid://syiq/Event/280" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2025">Gulf Superyacht Summit</a> will be returning to Abu Dhabi on 4 and 5 December 2025, alongside the Abu Dhabi Formula 1 Grand Prix, which will be held on the weekend between 5 and 7 December.Returning for the seventh edition, the <a data-gid="gid://syiq/Event/280" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2025">Gulf Superyacht Summit</a> aims to inform, assist and advise yachting clients and related interested parties, with the goal to develop the Gulf as a leading winter superyacht destination.The event will provide a meeting point for professionals from across the industry to discuss the current trends, issues and developments surrounding the superyacht industry in the Gulf Region.You can find out more about the <a data-gid="gid://syiq/Event/280" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2025">Gulf Superyacht Summit 2025 here</a>.&nbsp;

Egypt opens waters to foreign-flagged commercial yachts

As of May 2025, Egypt permits foreign-flagged, commercially registered yachts to cruise freely for leisure throughout its territorial waters.

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Egypt permits foreign-flagged commercial yachts to cruise freely

Monaco-based ship management company V.Ships Leisure has announced the launch of V.Yachts, a dedicated service division tailored specifically for large yachts. <img src="https://photo-assets.superyachttimes.com/photo/359154/image/large-389db5974a4598a96acd5860e665b941.jpg" data-gid="gid://syiq/Photo/359154">Part of the global marine services provider V.Group, the new offering aims to enhance technical, crewing and compliance-related support for owners of yachts primarily in private use, by leveraging V.Group’s global scale and decades of operational expertise.“The yachting sector has not been immune to wider changes in the marine space, from evolving regulations and safety standards to global logistics challenges,” explained Per Bjørnsen, CEO of V.Ships Leisure.“Our solution for the sector will allow owners to benefit from the best of both our local presence and our global footprint.”Operating from its newly established base in Monaco, V.Yachts will provide yacht owners with an integrated suite of services designed to simplify and strengthen the management of their vessels.&nbsp;These include technical and safety management, International Safety Management (ISM) Code compliance, new-build and refit project oversight, crewing and travel logistics, as well as digital payment solutions and insurance services.“We’re laser-focused on offering yacht owners what we already do best as a group: operational excellence, backed by decades of experience, international scale and a robust safety culture.”

V.Yachts: The new service division for large yachts by V.Ships Leisure

V.Ships Leisure has announced the launch of V.Yachts, a dedicated service division tailored specifically for large yachts.

V.Ships Leisure launches dedicated V.Yachts service division for large yachts

Blackstone Infrastructure has officially completed its acquisition of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a>. The transaction sees <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>, which owns and operates 138 marinas across the US and Puerto Rico transferred from Sun Communities for $5.65 billion.<img src="https://photo-assets.superyachttimes.com/photo/350035/image/large-d71500aa3efae1c65c969c10b2f2f37a.jpg" data-gid="gid://syiq/Photo/350035">Heidi Boyd, Senior Managing Director at Blackstone Infrastructure, commented on the milestone: “We’re pleased to close this transaction and look forward to working with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s terrific team to further develop their existing marinas and strategically scale their platform.”The transaction was previously announced on 24 February 2025 and builds on Blackstone Infrastructure’s diverse portfolio. Blackstone Infrastructure invests in leading companies within different sectors including private equity, real estate, credit and insurance and infrastructure.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/62722" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blackstone Infrastructure to acquire Safe Harbor Marinas for $5.65B (2025-02-25 10:30:00 +0100)">Blackstone Infrastructure to acquire Safe Harbor Marinas for $5.65B</a><img src="https://photo-assets.superyachttimes.com/photo/183899/image/large-cc4b964472653462468432344fae5f73.jpg" data-gid="gid://syiq/Photo/183899"><a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s Chief Executive Officer, Baxter Underwood, welcomed the new ownership, noting the potential for continued growth under Blackstone’s guidance. “Blackstone offers a world of opportunity to <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>, and we couldn’t be more excited for the journey ahead.”Financial advisory support for Blackstone was provided by Wells Fargo, J.P. Morgan Securities LLC and Goldman Sachs &amp; Co. LLC. Legal advisors included Gibson, Dunn &amp; Crutcher LLP and Simpson Thacher &amp; Bartlett LLP.“We are eager to pursue growth opportunities while maintaining our people-first culture and strong relationships with the local communities in which we operate, and we thank Sun Communities for its partnership over the past five years,” concluded Underwood.&nbsp;Stay up-to-date with all the latest marina news For comprehensive coverage of the global marina industry, visit <a href="https://www.marinaworld.com/" target="_blank">Marina World</a> – the dedicated source for marina development, infrastructure and innovation.

Blackstone Infrastructure acquires Safe Harbor Marinas for $5.65B

Blackstone Infrastructure has officially completed its acquisition of Safe Harbor Marinas for $5.65 billion.

Blackstone Infrastructure completes $5.65B acquisition of Safe Harbor Marinas

UAE-based shipbuilder <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> has announced the appointment of Erwin Bamps as its new Chief Executive Officer. <img src="https://photo-assets.superyachttimes.com/photo/358538/image/large-5175e23e27ccbe3f5dd6b181affa5d02.jpg" data-gid="gid://syiq/Photo/358538">The appointment of Bamps marks a strategic leadership move as the company enters a new phase of international growth and production scaling. Bamps is no stranger to <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>, having played a central role in the company’s global rise during the early 2000s.&nbsp;He returns with expanded international leadership experience and in-depth knowledge of the yachting landscape across Europe, Asia, Australia and the Americas, all of which are regions where <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> is increasingly positioning itself.“Erwin’s return comes at an important time for <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>, as we continue to focus on strengthening our presence across key global markets,” said Mohammed Hussein Alshaali, Chairman of <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>. <img src="https://photo-assets.superyachttimes.com/photo/232077/image/large-6ada713bcf051d9aed427394aec17f0e.png" data-gid="gid://syiq/Photo/232077">Speaking on his new appointment, Bamps commented: “<a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> is entering a defining era. With an already solid global footprint and rising brand equity, we are poised to claim greater market share across the full spectrum, from long-range luxury explorers to fully customised superyachts.”<a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>’s current portfolio includes several superyacht models under its Majesty Yachts brand, with recent deliveries and ongoing projects including the Majesty 145, 120, 111 and 100 Terrace, all currently in-build at the shipyard.&nbsp;“He knows <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> well, understands the values that have shaped the company, and brings with him broader international experience that will support our future plans. We look forward to working closely together to build on the foundations we have set in place,” concluded Mohammed Hussein Alshaali.

Erwin Bamps appointed as new Gulf Craft CEO

Gulf Craft has announced the appointment of Erwin Bamps as its new Chief Executive Officer. 

Erwin Bamps rejoins Gulf Craft as new CEO

As of early 2025, builders from the Asia-Pacific region accounted for 538 of the 6,022 operating yachts over 30 metres worldwide, representing a share of 8.9%. This positions the region as the third-largest superyacht construction area globally, following Europe (including Turkey) and North America. Over the past decade, the region's share has in fact increased to 9.9%, with Asia-Pacific builders delivering 168 of the 1,684 yachts completed between 2015 and 2024.While Zhuhai is often considered a key hub for yacht building in China, the province of Fujian has been growing and is now home to shipyards such as <a data-gid="gid://syiq/Company/8170" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allegro Yacht (Company)">Allegro Yacht</a>.<img src="https://photo-assets.superyachttimes.com/photo/358539/image/large-96c6e77fde347c5b1dbd7d239bed6d49.jpeg" data-gid="gid://syiq/Photo/358539">SuperYacht Times sat down with Chris Zhang, Director of <a data-gid="gid://syiq/Company/8170" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allegro Yacht (Company)">Allegro Yacht</a>, to discuss the evolution of this family-owned shipyard, its current projects and the broader challenges facing yacht manufacturing in China.<img src="https://photo-assets.superyachttimes.com/photo/358533/image/large-1852f54ea61fa9732cd2a61c54e18c7e.jpeg" data-gid="gid://syiq/Photo/358533">When was Allegro Yacht founded and how has the shipyard evolved since its inception?<a data-gid="gid://syiq/Company/8170" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allegro Yacht (Company)">Allegro Yacht</a> was founded in 2006 by my father and uncle, the latter of whom has dedicated his life to yacht design and is regarded as one of the leading yacht designers in China. In the early years, we focused on building 40 to 58-foot trawler boats, with our primary market centred on Europe, where we have successfully sold between 50 and 70 vessels.In my view, Europe remains the benchmark for yacht design and innovation, setting trends and standards across the industry. Inspired by this, we aimed to introduce a similar level of quality and style to our domestic market. In 2011, following comprehensive market research, we shifted our strategy to focus on larger yachts and began catering predominantly to Chinese clients.&nbsp;This led to the introduction of the Flybridge Series, which includes models measuring up to 30-metres. Over the past 13 years, we have seen consistent growth in this segment. Most recently, we launched the 29.9-metre motor yacht <a data-gid="gid://syiq/Yacht/15286" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feng Er29.9m (98'1&quot;)Allegro Yacht2025">Feng Er</a>, which represents the latest evolution of our design and craftsmanship.<img src="https://photo-assets.superyachttimes.com/photo/358163/image/large-df372246bf3b9d2519ee4975b0e8b174.png" data-gid="gid://syiq/Photo/358163">What is your current production capacity and how has this changed in recent years?<a data-gid="gid://syiq/Company/8170" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allegro Yacht (Company)">Allegro Yacht</a> benefits from extensive production facilities, having relocated last year to a larger site, which provides greater capacity to build multiple yachts simultaneously, while maintaining greater control over construction costs.&nbsp;Yachts currently in production include a 35.4-metre yacht, scheduled for delivery in 2026 with interiors by <a data-gid="gid://syiq/Company/4774" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pulina Exclusive Interiors (Company)">Pulina</a>, a 25-metre yacht, a 22.9-metre yacht, and two 19.8-metre models, with plans underway to commence construction on an 18.9-metre catamaran as well.<img src="https://photo-assets.superyachttimes.com/photo/358522/image/large-1158dda343ebb688a6e5eecfa307282d.jpeg" data-gid="gid://syiq/Photo/358522"> Have you noticed any shifts in buyer preferences within the Chinese domestic market?In China, yachts are predominantly used as entertainment spaces rather than for overnight stays. Clients typically prefer to use their yachts as social venues - hosting parties, entertaining friends, or conducting business meetings onboard. As a result, there is less emphasis on overnight accommodation and more focus on creating spacious, sociable interiors.Among the younger generation, particularly those in their twenties and thirties from wealthy backgrounds, there has been a noticeable rise in enthusiasm for sailing and spending time at sea. Many are seeking a more hands-on approach to yacht ownership, commissioning yachts they have personally helped design, without a long-established background in superyacht construction and by working closely with the shipyards. Their aim is often to create a unique, bespoke yacht that is not available on the wider market.<img src="https://photo-assets.superyachttimes.com/photo/358527/image/large-758038c171361f5b6952c289416cd995.jpeg" data-gid="gid://syiq/Photo/358527">By contrast, only a small proportion of around one and five percent of the older generation purchase yachts purely out of a passion for life on the water, with the majority viewing yacht ownership primarily as a business or entertainment asset.In response to this shift in usage, <a data-gid="gid://syiq/Company/8170" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allegro Yacht (Company)">Allegro Yacht</a> adapted its designs by converting traditional staterooms into karaoke rooms and placing greater emphasis on creating social spaces onboard. Clients increasingly seek a high level of customisation, with each yacht featuring a unique interior conceived to reflect the owner’s personal style. This bespoke nature of the work can present challenges, particularly in aligning designs with varying tastes, but remains a central focus of the company’s offering.&nbsp;Looking ahead, <a data-gid="gid://syiq/Company/8170" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allegro Yacht (Company)">Allegro Yacht</a> plans to expand into the growing charter market across the wider Asia region. Partnering with established local operators is expected to be a key strategic move, enabling the company's yachts to generate additional revenue, strengthen brand presence and support a faster return on investment.<img src="https://photo-assets.superyachttimes.com/photo/358528/image/large-39d2534cbe3f58b98e730c7ef8bbde1d.jpeg" data-gid="gid://syiq/Photo/358528">Given the current geopolitical and economic climate, what challenges do you see for Chinese yacht builders in the global superyacht industry?In my view, I remain optimistic about the future. While tariffs have had a notable impact, Chinese shipyards have demonstrated the ability to adapt by restructuring their supply chains, which remains a major strength within the industry. The yards most affected are those operating as original equipment manufacturers (OEMs), specialising solely in building yachts for the international market. For companies like ours, where supply chain management is a core advantage, adjustments can be made to mitigate these challenges and maintain competitiveness.The yards most affected by tariffs are those operating as OEMs, specialising solely in building yachts for the international market. For companies like ours, where supply chain management is a core advantage, adjustments can be made to mitigate these challenges and maintain competitiveness.Another key challenge for <a data-gid="gid://syiq/Company/8170" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allegro Yacht (Company)">Allegro Yacht</a> is the need for strong local partnerships and a deeper understanding of client habits across different regions. Each market has its own specific characteristics; for example, in Thailand, the charter sector is extremely active, supported by the abundance of cruising locations. This presents an opportunity to introduce our yachts to the Asian charter market, which offers significant potential for growth.In regions such as the Middle East, however, the market dynamics differ. Buyers there, often from royal families or high-net-worth individuals, tend to favour established European brands. As a result, entering markets where clients have strong preferences for European-built yachts presents additional challenges for Chinese builders.<img src="https://photo-assets.superyachttimes.com/photo/358536/image/large-afb96a668f8fa165971e6abbc50df3a1.jpeg" data-gid="gid://syiq/Photo/358536">Looking ahead, how is Allegro Yacht presenting itself in terms of expansion and innovation within the superyacht market?We are planning to expand our presence internationally, with Hong Kong identified as a key market. Much like Dubai in the Middle East, Hong Kong serves as an important hub where international clients gather, offering an excellent opportunity to showcase our products to a broader audience.In terms of technological innovation, we have been in discussions with Huawei to explore advancements in onboard technology. I am also particularly interested in artificial intelligence and am looking at ways to integrate DeepSeek AI technologies to enhance the onboard experience for our clients through artificial intelligent systems.Beyond building superyachts, we are also developing tenders and working with CATL, a major battery manufacturer in China, to electrify small boats designed for use on lakes and rivers.<img src="https://photo-assets.superyachttimes.com/photo/358535/image/large-5e07f7f1d37ab47fc80c882379fad89e.jpeg" data-gid="gid://syiq/Photo/358535">Asia-Pacific Superyacht Summit 2025The <a data-gid="gid://syiq/Event/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2025 - 2nd Edition">APSS</a> will take place between 7 and 8 May 2025 at the Renaissance Harbour Hotel in Hong Kong. It aims to promote the region as a yachting destination, addressing current challenges and highlighting unique opportunities. Tickets are available <a href="https://www.eventbrite.nl/e/asia-pacific-superyacht-summit-2025-tickets-1139739805439" rel="noopener noreferrer" target="_blank" title="">here</a>.<img src="https://photo-assets.superyachttimes.com/photo/284352/image/large-070a15a6bb599cfedd5341c6ba9be969.jpg" data-gid="gid://syiq/Photo/284352">Set against the dynamic backdrop of Hong Kong, one of Asia’s most influential hubs for finance, commerce and luxury, the summit will offer two days of essential discussions and strategic insights.With the Asian superyacht market continuing to expand, this event is a must-attend for those seeking to understand the evolving market landscape and capitalise on new opportunities.

Introducing Allegro Yacht from trawler boats to superyachts

 SYT sat down with Chris Zhang to discuss the evolution of Allegro Yacht, current projects and the challenges facing yacht building in China.

Allegro Yacht: A Chinese shipyard’s journey from trawler boats to superyachts

The 49.5-metre <a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a> superyacht <a data-gid="gid://syiq/Yacht/827" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Away S49.5m (162'5&quot;)Codecasa S.p.A.1991">Away S</a> has been sold. Efthimis Karalis of <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a> introduced the buyer, whilst Marco Vandoni and Enrico Solinas of <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> represented the seller. <img src="https://photo-assets.superyachttimes.com/photo/348540/image/large-08be1c31e2ab22500ad971e174ca6f6c.jpeg" data-gid="gid://syiq/Photo/348540">Delivered in 1991, <a data-gid="gid://syiq/Yacht/827" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Away S49.5m (162'5&quot;)Codecasa S.p.A.1991">Away S</a> features exterior and naval architecture by <a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a>. She can accommodate up to 14 guests across six staterooms. <img src="https://photo-assets.superyachttimes.com/photo/348548/image/large-5cbeee5a13761c470c35479fad481afc.jpeg" data-gid="gid://syiq/Photo/348548"><img src="https://photo-assets.superyachttimes.com/photo/348550/image/large-cf1a4780f57837d07ca8b2f01f2e8dc5.png" data-gid="gid://syiq/Photo/348550"><a data-gid="gid://syiq/Yacht/827" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Away S49.5m (162'5&quot;)Codecasa S.p.A.1991"><img src="https://photo-assets.superyachttimes.com/photo/348546/image/large-18f2cffb76df8cab080f6a45683cec9c.jpeg" data-gid="gid://syiq/Photo/348546">Away S</a>’s generous deck spaces pave the way for guests to admire far-reaching panoramic views while socialising or relaxing, as alfresco dining arrangements are located in either the shade or sun.<img src="https://photo-assets.superyachttimes.com/photo/348547/image/large-6fcb0ab72c85cc60c324ddcbc8d7e135.jpeg" data-gid="gid://syiq/Photo/348547"><a data-gid="gid://syiq/Yacht/827" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Away S49.5m (162'5&quot;)Codecasa S.p.A.1991">Away S</a> has a steel hull and aluminium superstructure. She is powered by twin <a data-gid="gid://syiq/Company/1438" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wärtsilä (Company)">Wärtsilä</a> engines, which give her a cruising speed of 13.5 knots and a top speed of 15 knots.<img src="https://photo-assets.superyachttimes.com/photo/348565/image/large-854ec78a6b8b5c52ee2c86fe7df66bc6.jpeg" data-gid="gid://syiq/Photo/348565">At the time of her sale, she had a last known asking price of €7,900,000.

50m Codecasa superyacht Away S sold

The 49.5-metre Codecasa superyacht Away S has been sold. Camper & Nicholsons introduced the buyer, whilst Ocean Independence represented the seller.  

The 38.4-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/11790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sodan38.4m (125'12&quot;)Custom Line2023">Sodan</a> has been sold. Edward Dickinson of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a> introduced the buyer, whilst Thibault Roi and Crispin Baynes of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/347585/image/large-afb62c19ebb1b3b909a523add46fdf00.jpg" data-gid="gid://syiq/Photo/347585">Delivered in 2023 as part of the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> 120 series, <a data-gid="gid://syiq/Yacht/11790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sodan38.4m (125'12&quot;)Custom Line2023">Sodan</a> features both exterior and interior design by <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a>, with naval architecture by <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>. She can accommodate up to 10 guests across five staterooms, as well as seven crew members, including the captain. <img src="https://photo-assets.superyachttimes.com/photo/347581/image/large-b968ed90a5fc16bb93534475eeeaada7.jpg" data-gid="gid://syiq/Photo/347581">Inside the main deck saloon, guests onboard <a data-gid="gid://syiq/Yacht/11790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sodan38.4m (125'12&quot;)Custom Line2023">Sodan</a> are able to socialise while admiring far-reaching views, thanks to the floor-to-ceiling windows that encircle this convivial and contemporary-styled hub.<img src="https://photo-assets.superyachttimes.com/photo/347580/image/large-2976b4d3d68085d83d0c445b27f7f3f1.jpg" data-gid="gid://syiq/Photo/347580"><a data-gid="gid://syiq/Yacht/11790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sodan38.4m (125'12&quot;)Custom Line2023">Sodan</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, which give her a cruising speed of 21 knots and a top speed of 25 knots.<img src="https://photo-assets.superyachttimes.com/photo/321001/image/large-b6b853379c62414cb4dd74512b3b1ba1.jpg" data-gid="gid://syiq/Photo/321001">At the time of her sale, she had a last known asking price of €12,950,000.

38m Custom Line motor yacht Sodan sold

The 38.4-metre Custom Line motor yacht Sodan has been sold Northrop & Johnson introduced the buyer, whilst Burgess represented the seller.

The second stage of the 2025 <a data-gid="gid://syiq/Company/7139" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Maxi Association (IMA) (Company)">IMA</a> Maxi European Championship is officially underway in the Gulf of Naples, following a dramatic Regata dei Tre Golfi offshore race last week. <img src="https://photo-assets.superyachttimes.com/photo/360781/image/large-aed774987ada8d4bbc8e50b7c981cd28.jpg" data-gid="gid://syiq/Photo/360781">Hosted by the Circolo del Remo e della Vela Italia and the <a data-gid="gid://syiq/Company/7139" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Maxi Association (IMA) (Company)">International Maxi Association (IMA)</a>, the fleet of 23 competing maxis returned to the water on Sunday for the opening inshore race, with light southwesterly conditions. Despite the sub-10 knot breeze and occasional lulls, the racing remained tight throughout the fleet.Ranging from the 30.48-metre <a data-gid="gid://syiq/Yacht/14556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Magic Carpet e30.48m (100'0&quot;)Persico Marine2025">Magic Carpet&nbsp;</a>E, owned by Sir Lindsay Owen-Jones to Giuseppe Puttini’s Swan 65 ketch Shirlaf, the fleet tackled a 15-nautical-mile composite course. This included a windward-leeward segment followed by a triangle, with the start and finish off Sorrento. <img src="https://photo-assets.superyachttimes.com/photo/360777/image/large-ab33d3ed6b03d7a062d7406209a9e855.jpg" data-gid="gid://syiq/Photo/360777">Chris Flowers and David M. Leuschen’s 30.48-metre <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a> showed early pace, leading the charge towards Capri after a strong start. She rounded the top mark ahead of <a data-gid="gid://syiq/Yacht/14556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Magic Carpet e30.48m (100'0&quot;)Persico Marine2025">Magic Carpet E</a> and Karel Komárek’s <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a>. But it was Peter Harrison’s 72-foot Jolt that made the biggest impact of the day, finishing as the top performer in both the Maxi Grand Prix class and the overall standings.Sitting just one point ahead of Hap Fauth’s Bella Mente, the winner of the offshore race, Jolt now leads the <a data-gid="gid://syiq/Company/7139" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Maxi Association (IMA) (Company)">IMA</a> Maxi European Championship after the opening inshore round.Read:&nbsp;<a data-gid="gid://syiq/Article/63347" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IMA’s Regata dei Tre Golfi begins in Sorrento, Italy (2025-05-19 10:45:00 +0200)">IMA’s Regata dei Tre Golfi begins in Sorrento, Italy</a><img src="https://photo-assets.superyachttimes.com/photo/360782/image/large-abd5c2529580688ff50ae6d16e539289.jpg" data-gid="gid://syiq/Photo/360782">“It was a very nice day,” said Jolt’s tactician, America’s Cup veteran Ed Baird. “We were lucky enough to stay in clear lanes as we have to be very cautious of what the 100-footers are doing, because they're just fast enough that you can get yourself in a lot of trouble. Fortunately we were able to avoid the traffic long enough to play the game from the front end.”Jolt benefits from the highest IRC TCC in the Maxi Grand Prix class, thanks in part to her trim tab. However, Baird acknowledged that such conditions require ongoing adaptation: “Today it worked and there will be other days where it doesn't, so we just have to keep learning.”<img src="https://photo-assets.superyachttimes.com/photo/360780/image/large-8164b27bd40913b2e6b613f687f1dd29.jpg" data-gid="gid://syiq/Photo/360780">Finishing second overall and first in the Maxi 100 class was <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a>, just 1:38 behind Jolt on corrected time. Having recently undergone upgrades including a longer bowsprit, larger sails, and the addition of an interceptor, <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a> increased her rating from 1.781 to 1.802. The changes were completed under tight deadlines, following a delayed return from the Caribbean.“A lot of people did very long hours,” commented tactician Kelvin Harrap. “Like any sport, you have to keep evolving because if you don't, you're on the back foot.”As well as this, <a data-gid="gid://syiq/Yacht/5656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galateia30.48m (100'0&quot;)Green Marine2015">Galateia</a> was helmed by Chris Flowers’ daughter Liz, with Harrap praising the team’s start strategy. “We got the start we wanted, going left from up the line. We thought there was a little more pressure offshore, but we knew it was going to bend left. We had to make a few extra tacks than we wanted, but we managed to manage the boats to the left-hand lay line and then from there it was a reasonably easy race for us.”<img src="https://photo-assets.superyachttimes.com/photo/360779/image/large-a1637d4eac422efa38f112552dacb513.jpg" data-gid="gid://syiq/Photo/360779">In the Maxi Alpha class, Guido Paolo Gamucci’s Cippa Lippa X led the charge, finishing 12th overall. The canting keel Mylius 60 held off Paul Berger’s <a data-gid="gid://syiq/Yacht/6562" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kallima24.89m (81'8&quot;)Nautor Swan2001">Kallima</a> and Jean-Pierre Barjon’s Spirit of Lorina. The team’s decision to use their Code Zero on the first two triangle legs proved decisive, especially as rivals opted not to.In the Maxi Bravo class, Vincenzo Addessi’s Fra Diavolo claimed top honours, finishing 11th overall ahead of Benoît de Froidmont’s Wallyño and Luca Scoppa’s Blue Oyster. “We sailed a great race, so we deserved first place,” said Addessi. “The race committee chose a very good course, it was very technical because there were many wind angles, although Fra Diavolo prefers a little more wind.”<img src="https://photo-assets.superyachttimes.com/photo/360778/image/large-6f42581349f36fea24d0efcbfd7f485c.jpg" data-gid="gid://syiq/Photo/360778">The Tre Golfi Multihull Trophy also resumed, with Riccardo Pavoncelli’s Gaetana, a Gunboat 68, continuing to dominate. Under the direction of offshore racing veteran Brian Thompson, she once again corrected out ahead of Lord Laidlaw’s Highland Fling XVIII and Adrian Keller’s Allegra.The <a data-gid="gid://syiq/Company/7139" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Maxi Association (IMA) (Company)">IMA</a> Maxi European Championship continues this week, with three more days of inshore and coastal racing scheduled before the 2025 title is decided.

Day 2: IMA Maxi European Championship 2025

The second stage of the 2025 IMA Maxi European Championship is officially underway in the Gulf of Naples.

Jolt takes the lead after day 1 of the Inshore Racing at IMA Maxi European Championship

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> motor yacht <a data-gid="gid://syiq/Yacht/7089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="My May33.0m (108'3&quot;)Custom Line2019">Maria Theresa</a> has been sold and renamed <a data-gid="gid://syiq/Yacht/7089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="My May33.0m (108'3&quot;)Custom Line2019">My May</a>, with João Kossmann of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/337541/image/large-3b71ab64719cd157d6f2562856a8277d.png" data-gid="gid://syiq/Photo/337541"><a data-gid="gid://syiq/Yacht/7089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="My May33.0m (108'3&quot;)Custom Line2019">My May</a> was delivered in 2019 as the sixth hull of the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> Navetta 33 series. She features naval architecture penned by her builder’s in-house team with interior and exterior design crafted by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>.<img src="https://photo-assets.superyachttimes.com/photo/337544/image/large-cba670c4342a6cc88fbbfe9e4bcd1f6f.png" data-gid="gid://syiq/Photo/337544"><img src="https://photo-assets.superyachttimes.com/photo/337546/image/large-0789308e0de9719a97cb0846e0a41895.png" data-gid="gid://syiq/Photo/337546"><img src="https://photo-assets.superyachttimes.com/photo/337551/image/large-a0127c88d42f511448a0ac7cb65de2d7.png" data-gid="gid://syiq/Photo/337551"><img src="https://photo-assets.superyachttimes.com/photo/337550/image/large-a4424e43fd1d152be2de30b74ff3da3e.png" data-gid="gid://syiq/Photo/337550">The vessel boasts beach house-style interiors enhanced by modern finishes and expansive windows. With a volume of 262 GT, she can accommodate up to 11 guests across a five stateroom configuration.<img src="https://photo-assets.superyachttimes.com/photo/337553/image/large-dd70ace367ff4983d92d24a865f008b1.png" data-gid="gid://syiq/Photo/337553"><img src="https://photo-assets.superyachttimes.com/photo/337558/image/large-dd381d8368c27bb0bc4c55b4ed7783c2.png" data-gid="gid://syiq/Photo/337558"><img src="https://photo-assets.superyachttimes.com/photo/337555/image/large-45bbf8260712fb0db6526be08e28bb1f.png" data-gid="gid://syiq/Photo/337555"><img src="https://photo-assets.superyachttimes.com/photo/337556/image/large-f8b22643abf6605d9fd43fc35f8d5690.png" data-gid="gid://syiq/Photo/337556"><img src="https://photo-assets.superyachttimes.com/photo/291396/image/large-aaa27ce6cae3467fa12738525ef2084b.jpg" data-gid="gid://syiq/Photo/291396">In terms of performance, she is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines propelling her to a cruising speed of 12 knots and a top speed of 16 knots.<img src="https://photo-assets.superyachttimes.com/photo/291394/image/large-3be51696d0f40b93fc60bae04df575eb.jpg" data-gid="gid://syiq/Photo/291394">At the time of her sale, she had a last known asking price of €9,650,000.<img src="https://photo-assets.superyachttimes.com/photo/291395/image/large-2e52a73ccdd418aefb527b29362a561b.jpg" data-gid="gid://syiq/Photo/291395">

33m Custom Line motor yacht Maria Theresa sold and renamed My May

The 33-metre Custom motor yacht Maria Theresa sold and renamed My May.

The 36.58-metre <a data-gid="gid://syiq/Company/544" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crescent Custom Yachts (Company)">Crescent</a> motor yacht <a data-gid="gid://syiq/Yacht/1961" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Risk & Reward36.58m (120'0&quot;)Crescent Custom Yachts2004">Risk &amp; Reward</a>, previously named Wonder&nbsp;and Impetuous, is on the market with Michael Mahan of <a data-gid="gid://syiq/Company/2529" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Worth Avenue Yachts (Company)">Worth Avenue Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/360752/image/large-bb93a71cb4ee2729998441cd9b759ec5.jpg" data-gid="gid://syiq/Photo/360752">Delivered in 2004, the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> features naval architecture and streamlined exterior design penned by <a data-gid="gid://syiq/Company/218" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jack Sarin Naval Architects, Inc. (Company)">Jack Sarin Naval Architects</a> with interior styling crafted by <a data-gid="gid://syiq/Company/612" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Robin Rose & Associates (Company)">Robin Rose &amp; Associates</a>. She was refitted in 2023, bringing her up to modern standards.<img src="https://photo-assets.superyachttimes.com/photo/360743/image/large-ab3cf8512e8f7c393cb65a3afc1e168b.jpg" data-gid="gid://syiq/Photo/360743"><img src="https://photo-assets.superyachttimes.com/photo/360739/image/large-d0d7bc8bb7e38d39e214996468ba2a31.jpg" data-gid="gid://syiq/Photo/360739"><img src="https://photo-assets.superyachttimes.com/photo/360732/image/large-22d83445ede44a0d4a23cee1aeadfbf5.jpg" data-gid="gid://syiq/Photo/360732"><img src="https://photo-assets.superyachttimes.com/photo/360750/image/large-87f8dff074d3aad86241b6c41417face.jpg" data-gid="gid://syiq/Photo/360750"><img src="https://photo-assets.superyachttimes.com/photo/360749/image/large-8899fe8972be7c86ebfacc4708b4ade8.jpg" data-gid="gid://syiq/Photo/360749"><img src="https://photo-assets.superyachttimes.com/photo/360737/image/large-cb7339e6a7669da98f8a1d40412a894c.jpg" data-gid="gid://syiq/Photo/360737">Up to nine guests across four well-appointed staterooms can be comfortably accommodated in the <a href="https://www.superyachttimes.com/yachts/crescent-custom/for-sale" rel="noopener noreferrer" target="_blank" title="">Crescent yacht for sale</a>. Each stateroom is thoughtfully designed with warm wood accents and ambient lighting, creating a serene and inviting space for guests to relax and recharge.<img src="https://photo-assets.superyachttimes.com/photo/360715/image/large-2d06f2734bb5485196a45e6b022328fd.jpg" data-gid="gid://syiq/Photo/360715"><img src="https://photo-assets.superyachttimes.com/photo/360745/image/large-c17a9c5382cb715d7406ed0dc80990d0.jpg" data-gid="gid://syiq/Photo/360745"><img src="https://photo-assets.superyachttimes.com/photo/360731/image/large-a82c05de89f884f19714647953553312.jpg" data-gid="gid://syiq/Photo/360731">Stepping outdoors, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> highlights a variety of inviting spaces designed for relaxation and entertainment. Guests can bask on the expansive sun deck, enjoy the generous aft decks, or unwind in the Jacuzzi, complete with a custom-made sun lounger.<img src="https://photo-assets.superyachttimes.com/photo/360727/image/large-bf5e3fd30ca373214687e7bd8b59d880.jpg" data-gid="gid://syiq/Photo/360727"> <img src="https://photo-assets.superyachttimes.com/photo/360746/image/large-2e773b3f31945c60b000824c665d1b77.jpg" data-gid="gid://syiq/Photo/360746">Other standout features include a 39-foot <a data-gid="gid://syiq/Company/5913" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HCB Yachts (Company)">HCB</a> tender that enhances on-the-water adventures, along with a dedicated fitness center designed for guests who want to stay active while at sea.<img src="https://photo-assets.superyachttimes.com/photo/360723/image/large-748b2ad34150dc45b8705e332fec3b03.jpg" data-gid="gid://syiq/Photo/360723">Regarding her performance, the yacht <a href="https://www.superyachttimes.com/yachts/risk-reward-37m" rel="noopener noreferrer" target="_blank" title="">Risk &amp; Reward for sale</a> is propelled by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines providing her with a cruising speed of 17 knots and a top speed of 21 knots.<img src="https://photo-assets.superyachttimes.com/photo/360747/image/large-c1568a9f620719941e3a1941ac1ca5f4.jpg" data-gid="gid://syiq/Photo/360747">

37m Crescent motor yacht Risk & Reward for sale

The 36.58-metre Crescent motor yacht Risk & Reward is on the market with Worth Avenue Yachts.

Perini Navi sailing yacht Bayesian sinks in Palermo, Italy

The main boom and anchor of the 56m sailing yacht Bayesian have successfully been recovered from the seabed following her salvage operation.

Boom and anchor of 56m Bayesian recovered following salvage operation 

<a data-gid="gid://syiq/Company/8223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marinedi (Company)">Marinedi Group</a>, one of the Mediterranean’s leading operators of tourist ports, has acquired a controlling interest in the Marina of Brindisi, further consolidating its presence along the Adriatic coast.<img src="https://photo-assets.superyachttimes.com/photo/360772/image/large-7820fba0a09512157a02b6932412c739.jpeg" data-gid="gid://syiq/Photo/360772">Established in 2013, <a data-gid="gid://syiq/Company/8223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marinedi (Company)">Marinedi</a> specialises in the development and management of marinas in Italy and Europe. Its network currently includes more than 5,700 berths across 14 Italian ports and continues to expand across the Mediterranean.The acquisition marks the culmination of a multi-year process during which <a data-gid="gid://syiq/Company/8223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marinedi (Company)">Marinedi</a> maintained operational continuity and supported the commercial revitalisation of the marina. <img src="https://photo-assets.superyachttimes.com/photo/360776/image/large-282223717a7a964ed3a984e459dc8f13.jpeg" data-gid="gid://syiq/Photo/360776">Previously affected by the financial difficulties of its former majority shareholder, the port avoided the revocation of its state concession thanks to the Group’s intervention. Over the past three years, <a data-gid="gid://syiq/Company/8223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marinedi (Company)">Marinedi</a> has overseen a significant turnaround, with turnover rising by more than 90 percent and berth occupancy exceeding 80 percent.This acquisition forms part of the Group’s wider strategy to strengthen its position in key areas of the Mediterranean by offering high service standards, innovative solutions and a more integrated marina network.<img src="https://photo-assets.superyachttimes.com/photo/360774/image/large-383aaddb0727739bea4b4987ceaf951a.jpeg" data-gid="gid://syiq/Photo/360774">"We are proud to welcome the Marina of Brindisi to the Group", commented Renato Marconi, CEO and founder of <a data-gid="gid://syiq/Company/8223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marinedi (Company)">Marinedi Group</a>. "This acquisition, which follows the important transaction on the purchase of the receivables due to the previous majority shareholder, represents the conclusion of a process that has made it possible to safeguard the future of the port concession company and ensure its development.”&nbsp;“Today, with full control and financial security in place, we can look to the future with a long-term development plan, which also includes the expansion of berths-particularly for maxi-yachts-strengthening Brindisi as the main hub of the Lower Adriatic and Ionian Sea."<img src="https://photo-assets.superyachttimes.com/photo/360771/image/large-9a2f86a7df58f58577bf06a04060f3a7.jpeg" data-gid="gid://syiq/Photo/360771">With its advantageous location and modern infrastructure, the Marina of Brindisi serves as a strategic point for pleasure boating and international nautical tourism. The port can accommodate vessels of up to 90-metres in length, offering safe access, technical capabilities and guest facilities.“By becoming a full member of the <a data-gid="gid://syiq/Company/8223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marinedi (Company)">Marinedi Group</a>, the Marina of Brindisi will continue to benefit from the Group’s experience and know-how”, said Director Claudio Gorelli, Chairman of the Marina.“In the coming months, a redevelopment project will be presented, in collaboration with the Municipality of Brindisi and the Port Authority, aimed at generating a positive impact on the satellite activities and the development of the local area.”<img src="https://photo-assets.superyachttimes.com/photo/360773/image/large-b7cbc61525cc9634901ed41f4240aefc.jpeg" data-gid="gid://syiq/Photo/360773">Stay up-to-date with all the latest marina news&nbsp;For comprehensive coverage of the global marina industry, visit <a href="https://www.marinaworld.com/" rel="noopener noreferrer" target="_blank" title="">Marina World</a> – the dedicated source for marina development, infrastructure and innovation.

Marinedi Group acquires a controlling interest in Marina of Brindisi

Marinedi Group has acquired a controlling interest in the Marina of Brindisi, further consolidating its presence along the Adriatic coast.

The 67.55-metre full-custom <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> superyacht <a data-gid="gid://syiq/Yacht/11645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amor à Vida67.55m (221'7&quot;)CRN2025">Amor à Vida</a> has been delivered to her owner, following extensive sea trials at the shipyard in Ancona, Italy. <img src="https://photo-assets.superyachttimes.com/photo/360768/image/large-e756b644df97fda9481a71b322827d69.jpg" data-gid="gid://syiq/Photo/360768">Launched in January 2025 and previously known as Project Maranello, <a data-gid="gid://syiq/Yacht/11645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amor à Vida67.55m (221'7&quot;)CRN2025">Amor à Vida</a> was delivered to her owner at the beginning of May, having embarked on her inaugural Mediterranean cruise.Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/11645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amor à Vida67.55m (221'7&quot;)CRN2025">Amor à Vida</a> has been developed by the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> Superyachts Division Engineering team, alongside exterior styling and interiors by <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a>, in collaboration with <a data-gid="gid://syiq/Company/7424" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Valentina Zannier Interiors & Architecture (Company)">Valentina Zannier</a>.Sold in 2021 by <a data-gid="gid://syiq/Company/227" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moran Yacht & Ship (Company)">Moran Yacht &amp; Ship</a>, the build of <a data-gid="gid://syiq/Yacht/11645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amor à Vida67.55m (221'7&quot;)CRN2025">Amor à Vida</a> was overseen by the brokerage company, which also penned her technical specification and negotiated the cost of her interiors and her tender and toy collection.<img src="https://photo-assets.superyachttimes.com/photo/360767/image/large-857126d889258797e2cc827b9441258a.jpg" data-gid="gid://syiq/Photo/360767"><a data-gid="gid://syiq/Yacht/11645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amor à Vida67.55m (221'7&quot;)CRN2025">Amor à Vida</a> boasts an impressive 1,450 GT of internal volume across six decks, with accommodation for up to 12 guests. Her owner’s suite is situated on the upper deck, while &nbsp;a full-beam convertible VIP guest stateroom on the main deck can be transformed into two suites.The remaining guest staterooms onboard <a data-gid="gid://syiq/Yacht/11645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amor à Vida67.55m (221'7&quot;)CRN2025">Amor à Vida</a> can be found on the lower deck. In terms of performance, <a data-gid="gid://syiq/Yacht/11645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amor à Vida67.55m (221'7&quot;)CRN2025">Amor à Vida</a> is powered by a state-of-the-art hybrid propulsion system, which increases the fuel efficiency of both the main engines and the generators.<a data-gid="gid://syiq/Yacht/11645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amor à Vida67.55m (221'7&quot;)CRN2025">Amor à Vida</a> is equipped with twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> main engines and is <a data-gid="gid://syiq/Company/4531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Maritime Organization (Company)">IMO</a> Tier III certified, allowing her to reach a top speed of 16 knots and comfortable cruising speed of 15 knots. An advanced heat recovery system has also been integrated onboard to enhance the efficiency of hot water management across the pools and the entire plumbing network.<img src="https://photo-assets.superyachttimes.com/photo/360769/image/large-e6d23ec6b719b84eb89a399448dd9122.jpg" data-gid="gid://syiq/Photo/360769">“The construction and design features, combined with the ability to listen and give shape to every possible vision, represent the distinctive value of <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>: the culture of bespoke expressed in the brand’s identity, in <a data-gid="gid://syiq/Yacht/11645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amor à Vida67.55m (221'7&quot;)CRN2025">Amor à Vida</a> and in every working process and owner experience,” concluded <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>.&nbsp;

Amor à Vida: 67m full-custom CRN yacht delivered

The 67-metre full-custom CRN superyacht Amor à Vida has been delivered to her owner, following extensive sea trials at the shipyard in Ancona, Italy. 

67m full-custom CRN superyacht Amor à Vida delivered

Taking place at the Renaissance Harbour View Hotel in Hong Kong from 7 to 8 May, the <a data-gid="gid://syiq/Event/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2025 - 2nd Edition">Asia-Pacific Superyacht Summit 2025</a> drew to a close this month with over 250 people in attendance, marking the second edition of the event hosted by <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a>. <iframe width="640" height="360" src="https://www.youtube.com/embed/OsuIQKipykw?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> We take a look at some of the picture highlights from this year's event. If you would like to catch up on the <a data-gid="gid://syiq/Article/63344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A full summary of the Asia-Pacific Superyacht Summit 2025 (2025-05-16 18:00:00 +0200)">full summary of each panel, you can find our coverage here</a>. <img src="https://photo-assets.superyachttimes.com/photo/359192/image/large-63537f58e13a365dd9223509f2932e44.jpg" data-gid="gid://syiq/Photo/359192"><img src="https://photo-assets.superyachttimes.com/photo/359194/image/large-00a82e0ca8a3ed2f9848e51424667cea.jpg" data-gid="gid://syiq/Photo/359194"><img src="https://photo-assets.superyachttimes.com/photo/359195/image/large-73d9bbae21c34b34ffba5030f98eebc6.jpg" data-gid="gid://syiq/Photo/359195"><img src="https://photo-assets.superyachttimes.com/photo/359198/image/large-6355b8b517d01b8eaca204defd92f855.jpg" data-gid="gid://syiq/Photo/359198"><img src="https://photo-assets.superyachttimes.com/photo/359200/image/large-00d5995504115aeedd4aac1f519067cf.jpg" data-gid="gid://syiq/Photo/359200"><img src="https://photo-assets.superyachttimes.com/photo/359201/image/large-0ae9f844ec28ba2e904d14f415f3179a.jpg" data-gid="gid://syiq/Photo/359201"><img src="https://photo-assets.superyachttimes.com/photo/359202/image/large-3854d141029ea340dae52c745e799c41.jpg" data-gid="gid://syiq/Photo/359202"><img src="https://photo-assets.superyachttimes.com/photo/359472/image/large-a75200ff9956f00169fe95126bb68623.jpg" data-gid="gid://syiq/Photo/359472"><img src="https://photo-assets.superyachttimes.com/photo/359473/image/large-5a4ddc22a98b0dc1a3bdc3260b891381.jpg" data-gid="gid://syiq/Photo/359473"><img src="https://photo-assets.superyachttimes.com/photo/359475/image/large-370c3840bb7550bcc6f71706c6fdc525.jpg" data-gid="gid://syiq/Photo/359475"><img src="https://photo-assets.superyachttimes.com/photo/359477/image/large-b453aee3c507d52a70778f4aec66b230.jpg" data-gid="gid://syiq/Photo/359477"><img src="https://photo-assets.superyachttimes.com/photo/359478/image/large-50eb9573bbf00f766d6f91440daf5a48.jpg" data-gid="gid://syiq/Photo/359478"><img src="https://photo-assets.superyachttimes.com/photo/359479/image/large-dec3cbf9abb4ae8ecc96d1d37e0aa828.jpg" data-gid="gid://syiq/Photo/359479"><img src="https://photo-assets.superyachttimes.com/photo/359488/image/large-f38394b0b476d2db2834d02b39bf9d76.jpg" data-gid="gid://syiq/Photo/359488"><img src="https://photo-assets.superyachttimes.com/photo/359490/image/large-b763a7edd3a76fa7c96cc70f80983d7b.jpg" data-gid="gid://syiq/Photo/359490"><img src="https://photo-assets.superyachttimes.com/photo/359492/image/large-2dc5380322ca99532423adbcd814631c.jpg" data-gid="gid://syiq/Photo/359492"><img src="https://photo-assets.superyachttimes.com/photo/359497/image/large-d277db6e344cbca00bdb305af10501e7.jpg" data-gid="gid://syiq/Photo/359497"><img src="https://photo-assets.superyachttimes.com/photo/359496/image/large-ded25989754e9dac4e992f222d14cdcf.jpg" data-gid="gid://syiq/Photo/359496"><img src="https://photo-assets.superyachttimes.com/photo/359494/image/large-e5e18c82806d17722c90256f983a32e2.jpg" data-gid="gid://syiq/Photo/359494"><img src="https://photo-assets.superyachttimes.com/photo/359506/image/large-cdb59e0adbbb0445ddb6ce60497176f8.jpg" data-gid="gid://syiq/Photo/359506"><img src="https://photo-assets.superyachttimes.com/photo/359505/image/large-bd8551333dd8cc008e60abca4ad45be3.jpg" data-gid="gid://syiq/Photo/359505"><img src="https://photo-assets.superyachttimes.com/photo/359514/image/large-819185fa05adb33950c52cf19c280128.jpg" data-gid="gid://syiq/Photo/359514"><img src="https://photo-assets.superyachttimes.com/photo/359510/image/large-5188617e6f388af4abd8706aedbd6bf6.jpg" data-gid="gid://syiq/Photo/359510"><img src="https://photo-assets.superyachttimes.com/photo/359515/image/large-ac9fc2b8b9ea974cae68472e0a24ea3c.jpg" data-gid="gid://syiq/Photo/359515"><img src="https://photo-assets.superyachttimes.com/photo/359513/image/large-0c24da81fa5d949c5cfb2a469d10a42b.jpg" data-gid="gid://syiq/Photo/359513"><img src="https://photo-assets.superyachttimes.com/photo/359516/image/large-5cded85a2c81676aab7b2e342db9286d.jpg" data-gid="gid://syiq/Photo/359516"><img src="https://photo-assets.superyachttimes.com/photo/359526/image/large-7324c2b5a20636cfeddaa19ef21b1557.jpg" data-gid="gid://syiq/Photo/359526"><img src="https://photo-assets.superyachttimes.com/photo/359531/image/large-16a652ac450a741d64b2ce40f4594d97.jpg" data-gid="gid://syiq/Photo/359531"><img src="https://photo-assets.superyachttimes.com/photo/359532/image/large-46f219e4c30fa9a16bdce0217608db69.jpg" data-gid="gid://syiq/Photo/359532"><img src="https://photo-assets.superyachttimes.com/photo/359714/image/large-3bd96b46dba33103ae5c90ee76a6234a.jpg" data-gid="gid://syiq/Photo/359714"><img src="https://photo-assets.superyachttimes.com/photo/359535/image/large-5bba0ec7ea1edc07242cbd458be1f447.jpg" data-gid="gid://syiq/Photo/359535"><img src="https://photo-assets.superyachttimes.com/photo/360530/image/large-439e1b14d911f37161afad68208e525f.jpg" data-gid="gid://syiq/Photo/360530"><img src="https://photo-assets.superyachttimes.com/photo/360532/image/large-3003259c8e63fcc2ed4fbc10431f5b09.jpg" data-gid="gid://syiq/Photo/360532"><img src="https://photo-assets.superyachttimes.com/photo/360535/image/large-95a2df3f4100e7391af1c127abc80e0a.jpg" data-gid="gid://syiq/Photo/360535"><img src="https://photo-assets.superyachttimes.com/photo/360536/image/large-07a9e140e897d52fafd28fd4baadd6e9.jpg" data-gid="gid://syiq/Photo/360536"><img src="https://photo-assets.superyachttimes.com/photo/359716/image/large-eb4a5df58c9854224e8b4be256caddd1.jpg" data-gid="gid://syiq/Photo/359716"><img src="https://photo-assets.superyachttimes.com/photo/360512/image/large-3a62d7e89e3930219672377372089385.jpg" data-gid="gid://syiq/Photo/360512"><img src="https://photo-assets.superyachttimes.com/photo/360513/image/large-bfc54d2555615cc3456aba6dfc880aca.jpg" data-gid="gid://syiq/Photo/360513"><img src="https://photo-assets.superyachttimes.com/photo/360514/image/large-e58f7698145a82760138daec05f72f44.jpg" data-gid="gid://syiq/Photo/360514"><img src="https://photo-assets.superyachttimes.com/photo/359536/image/large-92d007092b6cb37b6d79a85f827b8e58.jpg" data-gid="gid://syiq/Photo/359536"><img src="https://photo-assets.superyachttimes.com/photo/359705/image/large-cbaa5bc8240b49cdb79d98327830f1a9.jpg" data-gid="gid://syiq/Photo/359705"><img src="https://photo-assets.superyachttimes.com/photo/359707/image/large-758c545bb0f858ba931653c0e2f1df83.jpg" data-gid="gid://syiq/Photo/359707"><img src="https://photo-assets.superyachttimes.com/photo/359708/image/large-bbee81390584c040fc4ba23b9dbe7995.jpg" data-gid="gid://syiq/Photo/359708"><img src="https://photo-assets.superyachttimes.com/photo/359706/image/large-b4a59a03e19e3979cbea7f348c072a92.jpg" data-gid="gid://syiq/Photo/359706"><img src="https://photo-assets.superyachttimes.com/photo/359709/image/large-11bc138e1fbc83b48767eedadee8231e.jpg" data-gid="gid://syiq/Photo/359709"><img src="https://photo-assets.superyachttimes.com/photo/359710/image/large-0921ba67096738de9266a7c5d60036cd.jpg" data-gid="gid://syiq/Photo/359710"><img src="https://photo-assets.superyachttimes.com/photo/359711/image/large-2c3b4e5ef81931862dcd8b22270c9369.jpg" data-gid="gid://syiq/Photo/359711"><img src="https://photo-assets.superyachttimes.com/photo/359712/image/large-4be5dd46d38dbe74a74ed0f5284e7e3b.jpg" data-gid="gid://syiq/Photo/359712"><img src="https://photo-assets.superyachttimes.com/photo/359713/image/large-a9bf6f010ff9528075113e4fd547a6e7.jpg" data-gid="gid://syiq/Photo/359713">Asia-Pacific Superyacht Summit 2025 DinnerThe networking dinner took place at The Verandah in the Repulse Bay Hotel, offering guests a refined setting with panoramic views of the South China Sea and a menu inspired by classic local cuisine.<img src="https://photo-assets.superyachttimes.com/photo/359563/image/large-8bb201f92d1df723632bda697724c1df.jpg" data-gid="gid://syiq/Photo/359563"><img src="https://photo-assets.superyachttimes.com/photo/359564/image/large-56dc3eb875cc5e9d3743083291e65ed2.jpg" data-gid="gid://syiq/Photo/359564"><img src="https://photo-assets.superyachttimes.com/photo/359565/image/large-3e68574660d4e03052af593b183d8489.jpg" data-gid="gid://syiq/Photo/359565"><img src="https://photo-assets.superyachttimes.com/photo/359566/image/large-cc08873710a8538b9c00289ccb3292d9.jpg" data-gid="gid://syiq/Photo/359566"><img src="https://photo-assets.superyachttimes.com/photo/359567/image/large-b0a2b78047aab5b2224bf8b5867ae4d8.jpg" data-gid="gid://syiq/Photo/359567"><img src="https://photo-assets.superyachttimes.com/photo/359568/image/large-633231f1349fab8dd2b8c4c9ea6e27a5.jpg" data-gid="gid://syiq/Photo/359568"><img src="https://photo-assets.superyachttimes.com/photo/359569/image/large-c70ba79f3a0941fb884dd33339825cf0.jpg" data-gid="gid://syiq/Photo/359569"><img src="https://photo-assets.superyachttimes.com/photo/359570/image/large-a382dc29d035cb218dfc05a2945b130b.jpg" data-gid="gid://syiq/Photo/359570"><img src="https://photo-assets.superyachttimes.com/photo/359571/image/large-0e435fb8e44e51280f948da021b4c157.jpg" data-gid="gid://syiq/Photo/359571"><img src="https://photo-assets.superyachttimes.com/photo/347647/image/large-8cec63896a1a4502ed1b8776617ed076.jpg" data-gid="gid://syiq/Photo/347647"><img src="https://photo-assets.superyachttimes.com/photo/343984/image/large-664195a838c51d7a64421b61558d9a3b.jpg" data-gid="gid://syiq/Photo/343984">

Asia-Pacific Superyacht Summit 2025 in pictures

We take a look at some of the picture highlights from this year's Asia-Pacific Superyacht Summit 2025.

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In Pictures: Asia-Pacific Superyacht Summit 2025

The 32.61-metre <a data-gid="gid://syiq/Company/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burger Boat Company (Company)">Burger</a> motor yacht <a data-gid="gid://syiq/Yacht/2916" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Seas32.61m (106'12&quot;)Burger Boat Company1998">Silver Seas</a> is on the market with Roy Sea of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.<img src="https://photo-assets.superyachttimes.com/photo/288208/image/large-9b71e968472a6253a8a5c058bfaac49f.png" data-gid="gid://syiq/Photo/288208">Delivered in 1998 by her U.S. based shipyard, the raised pilothouse <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> has undergone a comprehensive rebuild in 2022.<img src="https://photo-assets.superyachttimes.com/photo/288215/image/large-a54f76cfc3ce848cd116560d33035e78.png" data-gid="gid://syiq/Photo/288215">She features naval architecture and exterior design imagined by her builder’s in-house team with sophisticated interiors by <a data-gid="gid://syiq/Company/4956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Don O'Keeffe (Company)">Don O’Keeffe</a>. The <a href="https://www.superyachttimes.com/yachts/burger-boat-company/for-sale" rel="noopener noreferrer" target="_blank" title="">Burger yacht for sale’s</a> updated interiors are accented with gloss cherry wood cabinetry, all-new furnishings and thoughtfully selected artworks.<img src="https://photo-assets.superyachttimes.com/photo/288212/image/large-11a27f8bae11e595c64d9380c588dd2a.png" data-gid="gid://syiq/Photo/288212">Previously named Stemac and Lady Grace Marie, <a data-gid="gid://syiq/Yacht/2916" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Seas32.61m (106'12&quot;)Burger Boat Company1998">Silver Seas’</a> indoor-outdoor design offers a variety of inviting spaces spread across two decks. The main saloon bathed in natural light from the expansive windows and three glass doors, located aft, port and starboard, offers panoramic views and a breezy feel. This space features a formal dining area, a stylish lounge and a wet bar, ideal for entertaining.<img src="https://photo-assets.superyachttimes.com/photo/288214/image/large-d8ed4f448047b4db8e6e908396f9d902.png" data-gid="gid://syiq/Photo/288214"><img src="https://photo-assets.superyachttimes.com/photo/288217/image/large-8cf7b93e33b19de9f9844f1161e09225.png" data-gid="gid://syiq/Photo/288217"><img src="https://photo-assets.superyachttimes.com/photo/288216/image/large-2db0d729716cc19908d0235957bfa4de.png" data-gid="gid://syiq/Photo/288216">From the saloon, a curved staircase descends to a marble-accented foyer that leads to four well-appointed staterooms below deck, accommodating up to eight guests. The full-beam master suite is positioned forward and features a king-sized bed, walk-in wardrobe and an opulent his-and-hers bathroom adorned with marble and gold finishes. To port lies a children’s stateroom with bunk beds, while two additional guest suites are located aft, each equipped with an ensuite bathroom and its own entertainment center.<img src="https://photo-assets.superyachttimes.com/photo/288211/image/large-e3994242e6f5b3c82b0323935cbde5e4.png" data-gid="gid://syiq/Photo/288211">Moving outside, guests can find the aft deck seamlessly connected to the saloon. The space is ideal for al fresco dining and features Eisenglass panels that provide added protection from varying weather conditions.<img src="https://photo-assets.superyachttimes.com/photo/288213/image/large-ed16ce88b6912fa8e08477969ee16b41.png" data-gid="gid://syiq/Photo/288213">Additionally, family-friendly design is a standout feature aboard the <a href="https://www.superyachttimes.com/yachts/silver-seas" rel="noopener noreferrer" target="_blank" title="">Silver Seas yacht for sale</a>. Her country-style galley located forward provides a cosy setting for casual meals and family time, where they can watch the chef in action. In the pilothouse, the forward-facing settee allows those onboard to enjoy scenic views, turning the area into a social navigation space.<img src="https://photo-assets.superyachttimes.com/photo/288210/image/large-5d7caf213c167467bda1abe97bb5f031.png" data-gid="gid://syiq/Photo/288210">The sundeck accessible from the pilothouse provides a private haven, outfitted with lounge seating, sunpads and umbrellas that invite hours of unwinding under the sky. Down at the waterline, the teak swim platform offers easy access to the ocean for a refreshing swim or to launch water toys. The vessel also comes with a 32’ tender providing smooth transfers and effortless day trips.<img src="https://photo-assets.superyachttimes.com/photo/288209/image/large-b785aa708016c1536461c82f824d21a9.png" data-gid="gid://syiq/Photo/288209"><a data-gid="gid://syiq/Yacht/2916" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Seas32.61m (106'12&quot;)Burger Boat Company1998">Silver Seas</a> is propelled by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines providing her with a cruising speed of 16 knots and a maximum speed of 20 knots. Thanks to her shallow draft, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> can access secluded bays and anchorages, opening up more cruising possibilities.

33m Burger motor yacht Silver Seas on the market 

The 32.61-metre Burger motor yacht Silver Seas is on the market with Roy Sea of IYC.

Business

Saudi Red Sea Authority signs MoUs with Prince Albert II of Monaco Foundation and Monaco Yacht Club to establish maritime cooperation