It is not every day that one has the opportunity to visit a yacht-building facility in Egypt. While most shipyard visits tend to take place in Europe or Turkey, and increasingly in China, a trip to <a data-gid="gid://syiq/Company/4514" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="South Red Sea Shipyard (Company)">South Red Sea Shipyard</a> offered a chance to better understand the country’s domestic yacht-building and refit capabilities. This is particularly relevant in a regional context where discussions around yacht construction in the Middle East often focus on the UAE. Located around two kilometres south of the Port of Safaga, <a data-gid="gid://syiq/Company/4514" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="South Red Sea Shipyard (Company)">South Red Sea Shipyard</a> benefits from a naturally sheltered position between Safaga Island and the Red Sea Mountains. The yard is active across yacht construction and refit, alongside workboats and commercial vessels. Its yacht-building track record includes class-built deliveries such as the 29-metre motor yacht <a data-gid="gid://syiq/Yacht/11856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trojan 29.0m (95'2&quot;)South Red Sea Shipyard2000">Trojan</a> in 2000, followed by several further projects, most recently the 30.1-metre motor yachts <a data-gid="gid://syiq/Yacht/13581" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Erada30.1m (98'9&quot;)South Red Sea Shipyard2022">Erada</a> and <a data-gid="gid://syiq/Yacht/13580" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nusr30.1m (98'9&quot;)South Red Sea Shipyard2022">Nusr</a>, delivered in 2022 for the Egyptian presidential office.<img src="https://photo-assets.superyachttimes.com/photo/387259/image/large-f8178e2e43ddf8e5bf1c97f8d401fe81.jpeg" data-gid="gid://syiq/Photo/387259">During the visit, SuperYacht Times Features Writer Enrico Chhibber met with Ryad Eldogueshy, Head of the Yachting Department at <a data-gid="gid://syiq/Company/4514" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="South Red Sea Shipyard (Company)">South Red Sea Shipyard</a>, to discuss the yard’s development, the role of refit infrastructure in the Red Sea, and the outlook for yacht building in Egypt. The conversation also explored the yard’s recent interest in sportfishing models, alongside its upcoming projects and longer-term plans.From naval roots to yacht construction“While our core activity remains commercial vessels, we also maintain yacht-building capability, ranging from liveaboard vessels for the tourism market to class-built yachts for domestic owners, as well as yacht refits,” said Eldogueshy.<img src="https://photo-assets.superyachttimes.com/photo/387245/image/large-8b17c4f83fdfaabaabfd708eaebd25d8.jpeg" data-gid="gid://syiq/Photo/387245">The Eldogueshy family traces its shipbuilding roots back to Egypt’s early naval development, with connections dating to the era of Muhammad Ali Pasha’s military fleet. The family’s industrial history is linked to workshops established in Alexandria in 1910, which later supported a range of national and regional projects, including the construction of the Saudi Coast Guard fleet in 1952 and Lake Nasser’s fishing fleet in 1962. Following the 1973 war, the workshops were also involved in rebuilding military equipment, reflecting the demands of the period.By 1980, the family had expanded into the leisure sector with the establishment of Hurghada Shipyard, serving private and tourism-related vessels. <a data-gid="gid://syiq/Company/4514" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="South Red Sea Shipyard (Company)">South Red Sea Shipyard</a> was subsequently founded in 1999 to meet growing demand, initially conceived as a dedicated base for yacht construction and maintenance.During a tour of the facility, Eldogueshy noted that the site originally covered 92,000 square metres. Since then, it has expanded to more than 250,000 square-metres and now supports a broader scope of construction, repair and refit work across multiple vessel types. “We try to manage as much of the supply chain in-house as possible,” he said. “Expanding our capabilities internally also helps us maintain greater control over pricing.”<img src="https://photo-assets.superyachttimes.com/photo/298154/image/large-e77f5d02c00cbfdbcc2e7b52e4ba7db7.jpg" data-gid="gid://syiq/Photo/298154">He pointed to dedicated production areas on site, including a 55,000 square-metre fibreglass (GRP) facility with separate zones for lamination, moulding and finishing, as well as a 42,000 square-metre metalworking hall for steel and aluminium fabrication.We then visited a 36.97-metre sportfisher yacht <a data-gid="gid://syiq/Yacht/8538" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fakhr36.97m (121'4&quot;)South Red Sea Shipyard2026">Fakr</a> built to <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a> class standards, which was launched in November last year. The vessel is a sister ship to <a data-gid="gid://syiq/Yacht/8528" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="C.Omar37.0m (121'5&quot;)South Red Sea Shipyard2013">C. Omar</a>, delivered in 2013. During the tour onboard, Eldogueshy said the yard believes this type of yacht has potential in the domestic market, pointing to the popularity of sportfishing in the region and suggesting it could become a focus area for future projects.<img src="https://photo-assets.superyachttimes.com/photo/378100/image/large-8f3b8e02507c8b431c5ec694e2e58eba.jpg" data-gid="gid://syiq/Photo/378100"> The visit then moved to one of the hangars, a 5,000 square-metre space dedicated to series production of smaller yachts. The facility currently focuses primarily on 10 to 18-metre GRP motor yachts, while also accommodating aluminium and wood construction where required by the client. The layout and infrastructure, however, have been designed with flexibility in mind, allowing the yard to take on larger and more complex projects, including superyachts, as activity expands. At the time of the visit, three yachts were under construction. Nearby, a second hangar covering 6,000 square-metres is dedicated to refit activity.“Yacht building in Egypt has progressed in recent years,” Eldogueshy added. “The quality is improving, and the skill level of the workforce is getting stronger. We have also brought in Turkish specialists to support training and skills transfer in areas such as painting, carpentry and interior finishing, helping to raise in-house capabilities to international standards.”<img src="https://photo-assets.superyachttimes.com/photo/330633/image/large-d220f78baaf0b10647a2733e66285526.jpg" data-gid="gid://syiq/Photo/330633">Why refit matters in the Red SeaWhile the Red Sea has begun to attract greater attention as a cruising region, driven in part by marina investment on both the Saudi and Egyptian coasts, its long-term viability as a yachting destination will also depend on the availability of technical support. Beyond berthing and hospitality, yachts require reliable access to repair and refit services, particularly given the distances involved and the limited alternatives once a yacht is in the region.Eldogueshy said this is where local infrastructure can play a decisive role. “If you want yachts to cruise here with confidence, they need to know they can be properly supported,” he said, pointing to the importance of having maintenance and repair capability available within the Red Sea itself.At <a data-gid="gid://syiq/Company/4514" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="South Red Sea Shipyard (Company)">South Red Sea Shipyard</a>, that capability includes a 65,000 square-metre drydock area used for construction, repair and refit activity, alongside an 850-tonne travel lift supported by transport cars for moving vessels within the yard.<img src="https://photo-assets.superyachttimes.com/photo/387244/image/large-cf13403bbb7a63b28ceb0782cda3678d.jpeg" data-gid="gid://syiq/Photo/387244">Growth prioritiesWhile the yard’s core activity remains commercial work, Eldogueshy said <a data-gid="gid://syiq/Company/4514" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="South Red Sea Shipyard (Company)">South Red Sea Shipyard</a> sees an opportunity to play a larger role in supporting the yachting sector, particularly by strengthening its refit offering. He noted that the yard already undertakes refit and maintenance work for internationally branded yachts transiting the Red Sea and calling at regional marinas, and that expanding capacity would allow it to compete more effectively for this traffic during the season.On the new-build side, Eldogueshy pointed to the fibreglass facility operated through a joint venture with the Suez Canal Authority under the name Suez Canal for Modern Boats (SCMB). While current activity is centred on GRP production, he said the site has been configured to accommodate larger yachts alongside this work, including future superyacht projects. The yard also plans to place greater emphasis on sportfisher construction, with further facility expansion already underway.Beyond local demand, Eldogueshy stressed that the yard’s longer-term objective is to serve an international client base, positioning itself on a cost-to-quality proposition rather than as a purely domestic supplier. Alongside these operational priorities, he revealed that the company is considering a rebrand. “We want to change the name from <a data-gid="gid://syiq/Company/4514" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="South Red Sea Shipyard (Company)">South Red Sea Shipyard</a> to Red Sea Shipyard,” he said, describing the move as part of a broader effort to sharpen the yard’s identity as it expands its yachting focus.<img src="https://photo-assets.superyachttimes.com/photo/387242/image/large-d5b6ca8b2f1e928107ce6469f5f17a2f.jpg" data-gid="gid://syiq/Photo/387242">

Egypt’s growing yacht construction and refit capability

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South Red Sea Shipyard facilities in Safaga Egypt 

Ryad el Dogueshy at South Red Sea Shipyard 

Inside South Red Sea Shipyard in Egypt, exploring its yacht building, refit capability and role in supporting the Red Sea as a yachting destination.

South Red Sea Shipyard: Egypt’s growing yacht construction and refit capability

South Red Sea Shipyard article teaser image 

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has denied rumours that they had a possible interest in acquiring <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a>.<img src="https://photo-assets.superyachttimes.com/photo/397066/image/large-cec8e87de7ad8613fc332951b5703d7a.jpg" data-gid="gid://syiq/Photo/397066">According to the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, press articles had reported that they were in negotiations with <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> to acquire the entire share capital or the main assets. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> clarified that at present no negotiations to that effect are underway with <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> or its shareholders.“At the same time, as a leading player in the Italian yachting industry and in line with its external growth strategy, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> continuously evaluates and assesses potential opportunities that may arise in the market,” commented <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> closed their statement by confirming that if they were to proceed with any transactions, it would inform the market in compliance with terms and conditions required by law.In February 2026, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that Chairman Filippo Menchelli and Vice Chairman Marco Carniani had resigned, with Giovanni Costantino elected as Chairman of the Board of Directors.The following week, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> launched a forensic investigation into internal overspending and financial irregularities. KPMG was appointed to conduct an independent forensic due diligence review, as a result of the actions made possible by a group of individuals within <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>.&nbsp;Since then, the Court of Florence has granted protective measures restricting creditors from initiating or continuing enforcement actions against the company’s assets, including vessels currently under construction. Last week, these measures were partially lifted for five shipowners.Read more: <a data-gid="gid://syiq/Article/66308" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Florence court lifts protective measures for five The Italian Sea Group yacht contracts (2026-06-11 10:00:00 +0200)">Florence court lifts protective measures for five The Italian Sea Group yacht contracts</a>The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> is not the only company that has denied acquisition rumours for TISG. In March 2026, German yacht builder <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> told SuperYacht Times that <a data-gid="gid://syiq/Article/65574" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen not considering acquiring The Italian Sea Group (2026-03-09 14:00:00 +0100)">the company had not considered acquiring TISG</a>.&nbsp;

Ferretti Group denies The Italian Sea Group acquisition rumours

Italian yacht builder Ferretti Group has denied rumours that they had a possible interest in acquiring The Italian Sea Group (TISG).

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> has announced that the KKCG owned shareholder Azúr a.s. has initiated legal proceedings challenging the appointment of the new board of directors at the company's shareholders' meeting on 14 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">According to a statement released by <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> on 11 June, Azúr filed a writ of summons before the Court of Bologna on 9 June 2026 pursuant to Articles 2377 and 2378 of the Italian Civil Code.Azúr a.s. is a wholly owned part of KKCG’s global business, founded by Czech entrepreneur Karel Komárek. They bring together all of KKCG Maritime’s assets into a single entity and currently have a 23.23 percent stake in the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.&nbsp;Azúr is currently seeking nullity and/or annulment of resolutions concerning the appointment of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>'s new board of directors, the determination of the number of board members and the appointment of the company's board of statutory auditors.They have also requested interim relief from the court to suspend the effectiveness of those resolutions pending the outcome of the proceedings. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> have responded stating that they will take the necessary steps to defend its position.&nbsp;“<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, having taken note of the service of the writ of summons, will protect its rights and will seek appropriate legal advice to defend and will have the absolute correctness of its conduct ascertained before the competent Court.”<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirmed that its corporate bodies remain fully operational and continue to perform their respective duties and responsibilities. They also added that these legal proceedings have no impact on its business operations, customer relationships, commercial activities or strategic projects.The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect, following the company’s Annual General Meeting held on 15 May 2026.Read more:&nbsp;<a data-gid="gid://syiq/Article/66099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions (2026-05-15 16:30:00 +0200)">Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions</a><img src="https://photo-assets.superyachttimes.com/photo/386471/image/large-5864e3d980f30348ec76855095f57666.jpg" data-gid="gid://syiq/Photo/386471">The appointment was confirmed by the Board of Directors, which also reconfirmed Tan Ning as Chairman of the Board and the departure of Alberto Galassi. On 15 May, KKCG Maritime submitted a request to the Italian government to assess whether <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> had breached "golden power" rules designed to shield strategic assets.The matter will now be considered by the Court of Bologna, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> stating that it will keep shareholders informed of any material developments in accordance with applicable laws and regulations.

KKCG Maritime challenges Ferretti Group board appointments in court

Ferretti has announced that the KKCG owned shareholder Azúr has initiated legal proceedings challenging the appointment of the new board of directors.

Ferretti shareholder KKCG Maritime challenges board appointments in court

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has announced that the Court of Florence has partially lifted protective measures for five shipowners, following the company's ongoing negotiated crisis settlement procedure.<img src="https://photo-assets.superyachttimes.com/photo/367061/image/large-152c0f12c19271f70607c9687ef33098.jpg" data-gid="gid://syiq/Photo/367061">On 16 March, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> announced that it had initiated a negotiated settlement procedure under Italian Legislative Decree No. 14/2019, following internal financial irregularities. This legal framework aimed to enable them to restructure, while continuing to operate under the supervision of an independent expert.Following this, on 20 April, the Court of Florence granted protective measures for a maximum period of four months, restricting creditors from initiating or continuing enforcement actions against the company’s assets, including vessels currently under construction.The court also confirmed that these protective measures extended to shipowners, which prevented them from terminating their contracts of yachts currently under construction during the proceedings.The Court of Florence has now issued an order upholding the appeals filed by five shipowners which prevented them terminating their contracts. With respect to them it was also found that they were unable to exercise the other rights provided under their contracts.&nbsp;The court found that the yachts could not be covered by the protective measures because they were neither assets of the company, nor assets instrumental to its business operations.Read more:&nbsp;<a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a><img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">The ruling also determined that the shipowners were not creditors against whom such measures could be applied and their right to obtain performance under the pending contract could not be satisfied through enforcement or interim measures.The order applies exclusively to the five shipowners who filed the appeals and has no effect on the other shipowners or creditors, with the previous measures remaining in effect for the duration already established by the Court.&nbsp;TISG also stated that these measures do not affect the ongoing negotiations with its main stakeholders, including shipowners, suppliers and financial institutions, as part of the company's economic and financial rebalancing plan which is currently in progress.The company also stated that, with regard to the affected shipowners, the substance of the contractual relationships remains unchanged despite the lifting of the protective measures.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> said it will continue to provide updates on developments relating to the procedure and any further initiatives undertaken in accordance with applicable regulations.

TISG: Florence court removes protections affecting five yacht contracts

A Florence court has partially lifted protective measures affecting five yacht contracts linked to TISG's ongoing negotiated settlement procedure.

Florence court lifts protective measures for five The Italian Sea Group yacht contracts

Industry veterans Adam Papadakis and Kurt Fraser have announced the launch of <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>. According to the founders, it is "a new superyacht brokerage and advisory house combining traditional yachting expertise with a connected and intelligence-led approach to navigating the superyacht market."Headquartered in Monaco and serving an international client base, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> offers a full suite of brokerage, charter, yacht management and consultancy services, positioning itself as a long-term partner across every stage of the yachting journey.<img src="https://photo-assets.superyachttimes.com/photo/396755/image/large-03eb586a20f98c7bb1b9bab73768aced.png" data-gid="gid://syiq/Photo/396755">The company is led by Founder and CEO Adam Papadakis, whose career spans more than 25 years at some of the industry's most recognised brokerage houses. Throughout his career, Adam has advised clients on significant yacht transactions, new build projects and refits, building long-standing client relationships and helping drive the commercial success of some of the industry's most respected brands. Widely respected for his discretion, strategic insight and meticulous execution, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> reflects his belief that exceptional client outcomes are achieved through independent advice and deep market understanding.Joining him as Founding Executive and CCO is Kurt Fraser, a strategist, creative leader and international business executive whose career spans more than 25 years across the superyacht, luxury lifestyle, resort development and marina sectors. Throughout his career, Kurt has driven business transformation and contributed to the growth and commercial success of a number of leading yachting brands. He believes <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>'s performance-driven model is uniquely aligned with the expectations of both established yacht clients and a new generation of owners seeking greater transparency, responsiveness and long-term value.While the launch of independent brokerage houses is not uncommon within the superyacht sector, the pairing of Adam and Kurt brings together two distinctly complementary areas of expertise. Combining deep brokerage experience with proven strategic, creative and commercial leadership, the duo have built a business founded on both reputation and capability.Their partnership reflects a broader shift within the industry, where clients increasingly seek the agility, transparency and personalised approach often associated with boutique brokerage houses, without sacrificing the expertise and international reach traditionally offered by larger organisations. In this respect, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> blends established industry knowledge with a more modern, insightful and adaptable approach to yacht brokerage.A strategic advisory approachAccording to the Founding team, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> has been established in response to increasing fragmentation across the yachting experience, with clients often relying on multiple service providers and disconnected sources of information, or larger organisations whose structures can inhibit a truly performance-driven approach."Rather than concentrating solely on transactional brokerage activity, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> will work closely with clients to develop personalised yachting strategies that reflect their lifestyle objectives and long-term aspirations. Whether a client's journey begins with charter, evolves into yacht ownership, or encompasses the management and optimisation of an existing asset, <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>’s objective is to ensure that every stage of the experience is aligned with their individual expectations, priorities and goals.""The superyacht industry has always been relationship-driven and that will never change," said Adam. "However, clients today require more than access and execution. Better insight and better intelligence leads to better decisions and better experiences. This is the role <a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a> intends to fill as trusted partners to our clients.”<a data-gid="gid://syiq/Company/8896" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matterhorn Yachts (Company)">Matterhorn</a>’s approach combines traditional brokerage expertise with strategic advisory and a deeper understanding of the factors that influence successful outcomes. The Founders believe that clients increasingly benefit from objective guidance, greater market visibility and a more integrated approach to decision-making. By bringing these elements together, the company aims to support clients across the full spectrum of yachting activities, from charter and acquisition through to ownership, management and eventual disposition.

Launch of Matterhorn yacht brokerage

Industry veterans Adam Papadakis and Kurt Fraser have announced the launch of Matterhorn, a new superyacht brokerage and advisory house.

Adam Papadakis and Kurt Fraser launch Matterhorn

<a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a> has announced that it has agreed upon a lease of construction facilities within the Maritime Industry and Business Park Volkswerft Stralsund in Germany. <img src="https://photo-assets.superyachttimes.com/photo/395892/image/large-3ca38fdddd01e9ee25c8a081829cb148.jpg" data-gid="gid://syiq/Photo/395892">Located in the Hanseatic city of Stralsund, Volkswerft Stralsund the 34-hectare site was purchased by the city in February 2022, with the council working to develop it into a maritime industrial and commercial park.The Maritime Industrial and Commercial Park Volkswerft is already home to around 20 companies and offers extensive hall space, heavy-lift capabilities of up to 1,000 tonnes, direct water access and a highly skilled regional workforce.<img src="https://photo-assets.superyachttimes.com/photo/395889/image/large-a9056b5f718fa19673449bfbc198222e.jpg" data-gid="gid://syiq/Photo/395889">“Stralsund offers exactly the kind of environment we were looking for,” explained Henning Dörries, CEO of <a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a>. “This is more than simply additional space, itis about creating the right environment to deliver ambitious projects efficiently and effectively.”Volkswerft Stralsund offers 97,000 square-metres of hall space, 32,000 square-metres of equipped office space and 24,00 square-metres of equipped workshop space and offers access via road, rail and inland/sea shipping.<img src="https://photo-assets.superyachttimes.com/photo/395893/image/large-0f32488cbf3c13ffc99a8b3423fba5fc.jpg" data-gid="gid://syiq/Photo/395893">“We are proud to welcome their success and expertise in the superyacht sector to our maritime industrial and commercial park,” said Volkswerft Stralsund. “Our facilities offer ideal conditions for conversion and new-build projects.”“The combination of infrastructure, expertise and maritime heritage available in Stralsund makes it a natural fit for our future plans,” concluded Dörries.<a data-gid="gid://syiq/Company/3779" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts (Company)">Dörries Yachts</a> has unveiled several superyacht concepts over the years, including the 75-metre <a data-gid="gid://syiq/Article/64397" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dörries Yachts & Phathom Studio unveil 75m superyacht concept Alyra (2025-10-02 14:45:00 +0200)">Alyra</a> designed by <a data-gid="gid://syiq/Company/5530" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phathom Studio (Company)">Phathom Studio</a> and the 115.2-metre <a data-gid="gid://syiq/Article/61224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First Look: Dörries Yachts unveils 115m H2-designed superyacht concept Zephyr (2024-08-12 11:15:00 +0200)">Zephyr</a> yacht designed by <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2 Yacht Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/395888/image/large-55c7722186f293194a8fedc63a57e1bb.jpg" data-gid="gid://syiq/Photo/395888">

Dörries Yachts construction facilities at Volkswerft Stralsund

Dörries Yachts has announced that it has agreed upon a lease of construction facilities at Volkswerft Stralsund in Germany.

Dörries Yachts agrees lease for new shipyard in Germany

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

SYDNA launches international association for superyacht designers and naval architects

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

SYDNA launches to represent superyacht designers and naval architects

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

The Italian Sea Group aims for full operations by June 

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

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

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

TISG share capital falls below legal minimum

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

TISG enters restructuring phase after share capital falls below legal minimum

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

Ferretti Group reports lower Q1 revenue as order intake falls

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

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

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

Off The Hook Yacht Sales to rebrand as NextBoat

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

The 45-metre <a data-gid="gid://syiq/Company/2496" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alia Yachts (Company)">Alia</a> superyacht <a data-gid="gid://syiq/Yacht/13901" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Genie Blu45.0m (147'8&quot;)Alia Yachts2026">Genie Blu</a> has been launched from the Turkish shipyard’s facilities in Antalya.<img src="https://photo-assets.superyachttimes.com/photo/397162/image/large-1dea458647c3e114f13282f1e51e56c0.jpg" data-gid="gid://syiq/Photo/397162"><a data-gid="gid://syiq/Yacht/13901" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Genie Blu45.0m (147'8&quot;)Alia Yachts2026">Genie Blu</a> is a fully custom yacht featuring both exterior design and interior design by <a data-gid="gid://syiq/Company/58" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luca Dini Design & Architecture (Company)">Luca Dini Design &amp; Architecture</a>, in collaboration with <a data-gid="gid://syiq/Company/2496" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alia Yachts (Company)">Alia</a>’s in-house design team. Constructed with an aluminium hull and superstructure, she features a beam of 8.89-metres and a draft of 2.33-metres. Her distinctive low-profile silhouette is characterised by clean lines, expansive glazing and an uncluttered look.<img src="https://photo-assets.superyachttimes.com/photo/397167/image/large-b141990b85e5a1cc3403090a05a024dd.jpg" data-gid="gid://syiq/Photo/397167"> <img src="https://photo-assets.superyachttimes.com/photo/397169/image/large-4e688af92b30a4582f0b0fbb18366c98.jpg" data-gid="gid://syiq/Photo/397169">According to the shipyard, the yacht is designed around openness, light and a direct relationship with the marine environment. This philosophy is most evident within her main saloon, where floor-to-ceiling windows and an open-plan arrangement place the sea at the centre of the onboard experience.<img src="https://photo-assets.superyachttimes.com/photo/397170/image/large-e99cd323156182c88f6b2afeba609cb3.jpg" data-gid="gid://syiq/Photo/397170"><img src="https://photo-assets.superyachttimes.com/photo/397172/image/large-6e383fb85357aabdfd4ca3322b4ee657.jpg" data-gid="gid://syiq/Photo/397172">Moreover, her interiors embrace a calm and contemporary approach, featuring a neutral palette intended to complement, rather than compete with, the surrounding scenery.<img src="https://photo-assets.superyachttimes.com/photo/397171/image/large-62a5e66c76c69c3b4b42d76f20dd4f28.jpg" data-gid="gid://syiq/Photo/397171">Moving outside, the cockpit’s raised seating descends towards the aft swim platform, creating a seamless connection to the water. This sense of space is further enhanced by drop-down side wings that broaden the deck. Meanwhile, a generous foredeck lounge forward with additional seating offers the perfect setting for relaxation, with a discreet sunpad crowning the superstructure above.<img src="https://photo-assets.superyachttimes.com/photo/397168/image/large-af3b54bffc69a8db8cf37d5eb373d44d.jpg" data-gid="gid://syiq/Photo/397168" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">"The objective was not to maximize gross tonnage, but to maximize the owner's experience of the sea," commented <a data-gid="gid://syiq/Company/58" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luca Dini Design & Architecture (Company)">Luca Dini</a>. "We removed barriers, reduced unnecessary volume and opened the yacht wherever possible."<img src="https://photo-assets.superyachttimes.com/photo/397164/image/large-c57db06433312f7ed3086ab182613a0b.jpg" data-gid="gid://syiq/Photo/397164" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">In terms of propulsion system, <a data-gid="gid://syiq/Yacht/13901" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Genie Blu45.0m (147'8&quot;)Alia Yachts2026">Genie Blu</a> is powered by quadruple <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> engines. Following her launch, the yacht is expected to undergo final outfitting and sea trials ahead of her delivery.<img src="https://photo-assets.superyachttimes.com/photo/397166/image/large-1cdc81e06d0066f8d1068b866d7c98ff.jpg" data-gid="gid://syiq/Photo/397166">According to <a href="https://iq.superyachttimes.com/" target="_blank">SuperYacht iQ</a>, <a data-gid="gid://syiq/Company/2496" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alia Yachts (Company)">Alia Yachts</a> currently has six superyachts in-build, including the 65-metre <a data-gid="gid://syiq/Company/2496" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alia Yachts (Company)">Alia Yachts</a> 651.

45m Alia superyacht Genie Blu launched

 The 45-metre Alia superyacht Genie Blu has been launched. 

45m custom Alia superyacht Genie Blu launched

The 26.7-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> motor yacht <a data-gid="gid://syiq/Yacht/11568" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North26.7m (87'7&quot;)Sanlorenzo2020">North</a> has been sold. Onur Erardag of <a data-gid="gid://syiq/Company/4569" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautique Yachting (Company)">Nautique Yachting</a> introduced the buyer, while Stig Bugge Jensen of <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a> acted on behalf of the seller.<img src="https://photo-assets.superyachttimes.com/photo/387638/image/large-300c3f19c865a8d72b57eb034a246d14.png" data-gid="gid://syiq/Photo/387638">Delivered in 2020, <a data-gid="gid://syiq/Yacht/11568" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North26.7m (87'7&quot;)Sanlorenzo2020">North</a> forms part of the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> SX88 series and underwent a refit in 2025. She features exterior design by <a data-gid="gid://syiq/Company/366" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Officina Italiana Design (Mauro Micheli) (Company)">Officina Italiana Design (Mauro Micheli)</a>, with interiors by <a data-gid="gid://syiq/Company/78" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lissoni & Partners (Company)">Lissoni &amp; Partners</a>.Up to eight guests can be accommodated across four staterooms. Her layout comprises a full-beam master suite, a VIP suite, and two twin guest suites. On the upper deck, owners and guests may enjoy an alfresco bar or teppanyaki grill, make use of the electric roof and sliding windows, and take in films on the fold-up television.<a data-gid="gid://syiq/Yacht/11568" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North26.7m (87'7&quot;)Sanlorenzo2020">North</a> is powered by triple <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> engines, delivering a cruising speed of 20 knots and a top speed of 24 knots.Legal and technical assistance was provided by Alex Teji of <a data-gid="gid://syiq/Company/8407" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Teji | Cowie Superyacht Law Firm (Company)">Teji Cowie</a> and Merve Dilan Gur of Demircan Law Office. At the time of sale, <a data-gid="gid://syiq/Yacht/11568" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North26.7m (87'7&quot;)Sanlorenzo2020">North</a> had a last known asking price of €4,350,000.Photo courtesy of <a data-gid="gid://syiq/Company/4569" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautique Yachting (Company)">Nautique Yachting</a>.

Sanlorenzo motor yacht North sold

The 26.7-metre Sanlorenzo motor yacht North has been sold.


27m Sanlorenzo motor yacht North sold

The 59-metre <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> explorer yacht <a data-gid="gid://syiq/Yacht/855" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Just B59.0m (193'7&quot;)Amels1973">Just B</a> is currently for sale with Jim Evans of <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a>. Previously named Intuition II and Spica, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> presents a rare opportunity to acquire a proven expedition platform with modern diesel-electric propulsion and a track record for global exploration.<img src="https://photo-assets.superyachttimes.com/photo/396870/image/large-7192a52ae7c775c0c19a4a46c6ef108f.jpg" data-gid="gid://syiq/Photo/396870">Originally delivered in 1973 by the Dutch shipyard,<a data-gid="gid://syiq/Yacht/855" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Just B59.0m (193'7&quot;)Amels1973">&nbsp;Just B</a> has evolved into a highly capable explorer yacht after benefiting from a series of extensive refits completed in 2018, 2020, and 2024. <a data-gid="gid://syiq/Yacht/855" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Just B59.0m (193'7&quot;)Amels1973">Just B</a> features exterior design crafted by <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack Yacht Design</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/7530" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Wiseman Group (Company)">The Wiseman Group</a>. Her naval architecture was developed by her builder. <img src="https://photo-assets.superyachttimes.com/photo/396875/image/large-af26625a93afa27e49230baba54521da.jpg" data-gid="gid://syiq/Photo/396875">Constructed with a steel hull and a steel, aluminium superstructure, the yacht <a data-gid="gid://syiq/Yacht/855" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Just B59.0m (193'7&quot;)Amels1973">Just B</a> for sale has a beam of 10.6-metres and a draught of four metres. <img src="https://photo-assets.superyachttimes.com/photo/396877/image/large-b671b59c45083b12c1cd22378e3d3625.jpg" data-gid="gid://syiq/Photo/396877">Outside, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> sports an exterior that reflects her expedition heritage and timeless elegance. Her commanding presence at sea, deep draught and distinctive canoe stern underscores seaworthiness and long-range capability. <img src="https://photo-assets.superyachttimes.com/photo/396908/image/large-a3862f8b3dc38e8d8d9f33f6ed8af899.jpg" data-gid="gid://syiq/Photo/396908">Her shaded aft deck is designed for alfresco dining while enjoying the views of the surrounding seascape, while her sundeck is lined with loungers well-suited for soaking in the sun. Reinforcing her exploration capability, she boasts a generous swim platform granting effortless access to the water. <img src="https://photo-assets.superyachttimes.com/photo/396883/image/large-656828db72d3f9d79c76a7ee3a44f7d9.jpg" data-gid="gid://syiq/Photo/396883" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Stepping inside, the <a data-gid="gid://syiq/Yacht/855" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Just B59.0m (193'7&quot;)Amels1973">yacht Just B for sale</a> has been reimagined as a polished and highly liveable home at sea. Redesigned in collaboration with <a data-gid="gid://syiq/Company/7530" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Wiseman Group (Company)">The Wiseman Group</a> and <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>, her indoor living areas favour natural materials, neutral tones and understated nautical details. <img src="https://photo-assets.superyachttimes.com/photo/396903/image/large-92a9332dc6f570702d4bdb81c036ed5d.jpg" data-gid="gid://syiq/Photo/396903">Bright lounge spaces, a gym with panoramic views and a wood-burning fireplace all contribute to her warm atmosphere that is ideal for longer voyages<img src="https://photo-assets.superyachttimes.com/photo/396907/image/large-19fc623f1fab1c8914270cf7add91db9.jpg" data-gid="gid://syiq/Photo/396907" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/396881/image/large-beaffea232ef0e6c4d98580c6635e91d.jpg" data-gid="gid://syiq/Photo/396881">With a beam of 10.6-metres and an interior volume of 969 GT, accommodation onboard <a data-gid="gid://syiq/Yacht/855" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Just B59.0m (193'7&quot;)Amels1973">Just B</a> is arranged for up to 15 guests across eight well-appointed staterooms, including a dedicated owner's deck with a private lounge. Separate quarters are also available for as many as 17 crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/396886/image/large-f69d1fd534df6f3612e48c2741210ca6.jpg" data-gid="gid://syiq/Photo/396886">In terms of performance, <a data-gid="gid://syiq/Yacht/855" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Just B59.0m (193'7&quot;)Amels1973">Just B</a> benefits from a modern diesel-electric propulsion system featuring three <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> generators and upgraded propulsion motors, delivering a cruising speed of 10 knots and a top speed of 13.5 knots. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/396871/image/large-5c05621fe7de48e409e1ca224b93c3df.jpg" data-gid="gid://syiq/Photo/396871">She offers a transoceanic range of up to 11,500 nautical miles, intended to support exploration in remote destinations. Moreover, Quantum XT zero-speed stabilisers enhance comfort underway and at anchor.<img src="https://photo-assets.superyachttimes.com/photo/396873/image/large-9db6a0acbc5c35f1425a163c003bb22d.jpg" data-gid="gid://syiq/Photo/396873">Selected images courtesy of <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachtsMonaco</a>.

 59m Amels explorer yacht Just B for sale

 The 59-metre Amels explorer yacht Just B is currently for sale with SuperYachtsMonaco.


59m Amels explorer yacht Just B for sale

<a data-gid="gid://syiq/Company/6468" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Next Yacht Group (Company)">Next Yacht Group</a> has announced the launch of two new yachts from its facilities in Viareggio, Italy: the second hull of the Maiora 36 Exuma series and the third unit of the flagship AB 130 range, the 39.65-metre motor yacht <a data-gid="gid://syiq/Yacht/13524" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Casa Bri Mare39.65m (130'1&quot;)AB Yachts2026">Casa Bri Mare</a>.&nbsp;Designed to meet different owners requirements, the two yachts reflect the Group’s continued focus on Italian design, technological innovation and bespoke craftsmanship. Both yachts are scheduled for delivery to their owners in the summer of 2026. Second Maiora 36 Exuma yacht launchedFollowing in the footsteps of the first hull, <a data-gid="gid://syiq/Yacht/13531" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Angiola36.9m (121'1&quot;)Maiora2025">Angiola</a>, which was launched in 2025, the second hull features exterior design by <a data-gid="gid://syiq/Company/2116" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quartostile (Company)">Quartostile</a>, interior design by <a data-gid="gid://syiq/Company/5224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Acube Design (Company)">Acube Design</a>, with naval architecture by her builder <a data-gid="gid://syiq/Company/536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora (Company)">Maiora</a>.<img src="https://photo-assets.superyachttimes.com/photo/397131/image/large-f98cbfe5aec9f4c990e24ba86195487a.jpg" data-gid="gid://syiq/Photo/397131" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Built with a steel hull and aluminium superstructure, the 36.9-metre <a data-gid="gid://syiq/Yacht/14754" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora Exuma 36/26236.9m (121'1&quot;)Maiora2026">Maiora 36 Exuma</a> has a beam of 7.9-metres and an interior volume of 295 GT. Furthermore, she has draught of just 1.45-metres, which allows her access to shallow bays, harbours and remote cruising grounds. At her upper deck, the alfresco saloon opens via fully retractable aft doors and side windows creating spaces that flow seamlessly into one another.<img src="https://photo-assets.superyachttimes.com/photo/397125/image/large-b719aa694fc60b6b5bad6d6c0c11c8d3.jpg" data-gid="gid://syiq/Photo/397125" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">At the bow, her swimming pool is framed by a generous sunbathing area, while a suspended net invites guests to lie back and be gently rocked by the wind and sea. Above, the nest deck offers additional outdoor space creating a more secluded and intimate retreat, for guests seeking moments of privacy.<img src="https://photo-assets.superyachttimes.com/photo/397130/image/large-4ad0e7d9245ffbf7f7cd1f47af553632.jpg" data-gid="gid://syiq/Photo/397130">In terms of accommodation, the <a data-gid="gid://syiq/Yacht/14754" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora Exuma 36/26236.9m (121'1&quot;)Maiora2026">Maiora 36 Exuma</a> yacht can comfortably accommodate up to 12 guests across a five stateroom configuration, alongside quarters for a crew of five across three cabins.Performance-wise, the <a data-gid="gid://syiq/Yacht/14754" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora Exuma 36/26236.9m (121'1&quot;)Maiora2026">Maiora 36 Exuma</a> yacht is powered by triple <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, providing her with a top speed of up to 33 knots and a cruising speed of 20 knots. Moreover, these engines are paired with two <a data-gid="gid://syiq/Company/7479" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marine Jet Power (Company)">MJP</a> steerable waterjets and a central <a data-gid="gid://syiq/Company/7479" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marine Jet Power (Company)">MJP</a> booster, enabling her top speed while ensuring manoeuvrability and comfort.<img src="https://photo-assets.superyachttimes.com/photo/397122/image/large-dfbd094e4bb3791fe1f46c02a01b7fdd.jpg" data-gid="gid://syiq/Photo/397122" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Third AB 130 flagship yacht Casa Bri Mare launched<a data-gid="gid://syiq/Company/6468" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Next Yacht Group (Company)">Next Yacht Group</a> has also launched the third unit in the AB 130 series, the flagship model of the AB Yachts range. The 39.65-metre motor yacht <a data-gid="gid://syiq/Yacht/13524" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Casa Bri Mare39.65m (130'1&quot;)AB Yachts2026">Casa Bri Mare</a> represents the latest evolution of the shipyard's sporty DNA, pairing high performance with expanded living spaces and strengthened connection to the sea.<img src="https://photo-assets.superyachttimes.com/photo/397132/image/large-1dd7a539e36fecda81953a22b43fb3b7.jpg" data-gid="gid://syiq/Photo/397132">Ahead of her launch, the <a data-gid="gid://syiq/Article/64285" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="39m in-build AB 130 motor yacht sold (2025-09-19 15:45:00 +0200)">AB 130 was sold</a> while under construction in 2025, with <a data-gid="gid://syiq/Company/6336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kitson Yachts (Company)">Kitson Yachts</a> representing the buyer. Exterior design and naval architecture were developed in-house by <a data-gid="gid://syiq/Company/413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AB Yacht (Company)">AB Yachts</a>, part of the <a data-gid="gid://syiq/Company/6468" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Next Yacht Group (Company)">Next Yacht Group</a>.Built with a GRP hull and superstructure, the yacht has a beam of 7.5-metres and a draught of just 1.3-metres, allowing her to access shallow reefs and remote anchorages. <img src="https://photo-assets.superyachttimes.com/photo/397133/image/large-e092f6fd3e072a21a691d1fee7b6750a.jpg" data-gid="gid://syiq/Photo/397133">At an interior volume of 220 GT, accommodation is arranged for up to twelve guests across five staterooms, while separate quarters are available for a crew of five across three cabins.One of the <a data-gid="gid://syiq/Yacht/13524" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Casa Bri Mare39.65m (130'1&quot;)AB Yachts2026">AB 130</a>'s defining characteristics is its emphasis on indoor-outdoor living, introducing a renewed approach to onboard living with redesigned social spaces intended to strengthen the relationship between guests and the surrounding seascape.Sliding glass doors allow the saloon to merge with the exterior decks, creating a 100-square-metre social space centred around a flexible pool that can be uncovered as required. Large windows throughout the saloon maximise natural light and strengthen the connection with the sea. <img src="https://photo-assets.superyachttimes.com/photo/397134/image/large-083b42c80083dd9be78bc53b5969ba1a.jpg" data-gid="gid://syiq/Photo/397134">At the stern, folding aft wings expand the beach club area into a spacious waterside platform, encouraging more moments for socialising and relaxing. Additional amenities include a spacious &nbsp;bow lounge where guests can unwind, while her sundeck is fitted with an open-air cinema for where guests can curl up to watch a good film beneath the stars.In terms of performance, the <a data-gid="gid://syiq/Yacht/13524" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Casa Bri Mare39.65m (130'1&quot;)AB Yachts2026">AB 130 yacht</a> is powered by triple <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines paired, propelling her to a top speed of 41 knots. Furthermore, she is equipped with <a data-gid="gid://syiq/Company/7479" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marine Jet Power (Company)">MJP</a> steerable water jets and a central <a data-gid="gid://syiq/Company/7479" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marine Jet Power (Company)">MJP</a> booster, enabling her to reach her top speed while maintaining comfort and manoeuvrability.&nbsp;

AB130 Casa Bri Mare and second Maiora 36 Exuma yachts launched

Next Yacht Group announce the launch of the second Maiora 36 Exuma and the third AB 130, with both yachts scheduled for delivery in summer 2026.

Flagship AB130 Casa Bri Mare and second Maiora 36 Exuma yachts launched

The 36.7-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> motor yacht <a data-gid="gid://syiq/Yacht/1475" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lumir36.9m (121'1&quot;)Heesen Yachts2005">Lumir</a> is on the market, with Chris Santon of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>. Delivered in 2005, the flybridge <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> was previously named Man of Steel.<img src="https://photo-assets.superyachttimes.com/photo/397135/image/large-c40da9f0a30c651a9d212307b771ad11.jpg" data-gid="gid://syiq/Photo/397135"><a data-gid="gid://syiq/Yacht/1475" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lumir36.9m (121'1&quot;)Heesen Yachts2005">Lumir</a> features naval architecture and exterior design penned by <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>, with interiors crafted by <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a>. In 2013, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale</a> benefitted from an extensive refit, followed by a series of major upgrades and works carried out under her current ownership between 2022 and 2026.<img src="https://photo-assets.superyachttimes.com/photo/397137/image/large-e34aff597cde0422927d8c39277e318f.jpg" data-gid="gid://syiq/Photo/397137"><img src="https://photo-assets.superyachttimes.com/photo/397139/image/large-d366b191574639be47cc047e089ccd54.jpg" data-gid="gid://syiq/Photo/397139">A bright, contemporary aesthetic defines the <a href="https://www.superyachttimes.com/yachts/lumir" target="_blank">yacht Lumir for sale’s</a> interiors. Her main saloon is fitted with a striking blue couch, a distinctive back-lit poker table, and a formal dining table for eight forward. Measuring 245 GT, she can accommodate up to 10 guests across four elegant staterooms, with a layout comprising a full-beam master suite and two VIP suites.<img src="https://photo-assets.superyachttimes.com/photo/397140/image/large-4b192a7a2940244166cf5e7bb8a8f4aa.jpg" data-gid="gid://syiq/Photo/397140"><img src="https://photo-assets.superyachttimes.com/photo/397141/image/large-7a37b0628408c18b88e1b0b4b77995b8.jpg" data-gid="gid://syiq/Photo/397141">Moving outside, the blue stripe nautical aesthetic continues throughout the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=heesen" target="_blank">Heesen yacht for sale’s</a> exterior. On the flybridge, guests can enjoy the Jacuzzi, drinks at the bar, and ample lounging space.<img src="https://photo-assets.superyachttimes.com/photo/397147/image/large-8559604dbd403748dbfc3697aa760565.jpg" data-gid="gid://syiq/Photo/397147"><img src="https://photo-assets.superyachttimes.com/photo/397145/image/large-674858a5541b2e3bc0aefaa4eafd0f81.jpg" data-gid="gid://syiq/Photo/397145"><a data-gid="gid://syiq/Yacht/1475" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lumir36.9m (121'1&quot;)Heesen Yachts2005">Lumir</a> is fitted with zero-speed stabilisers and powered by twin 3,650 horsepower&nbsp;<a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, affording her a cruising speed of 26 knots and a top speed of 31 knots. She is currently located on the Gold Coast, Australia, and is available for viewings.<img src="https://photo-assets.superyachttimes.com/photo/397146/image/large-44d78d90d537fa4288152a201062dc9e.jpg" data-gid="gid://syiq/Photo/397146">

Heesen yacht Lumir for sale

The 36.7-metre Heesen motor yacht Lumir is on the market.


37m Heesen motor yacht Lumir for sale

The 36.8-metre <a data-gid="gid://syiq/Company/599" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Couach Yachts (Company)">Couach</a> motor yacht <a data-gid="gid://syiq/Yacht/1201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arion36.8m (120'9&quot;)Couach Yachts2011">Arion</a> has been sold, with Hans van Doornmalen of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> introducing the buyer and Arvid Ljungberg 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> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/368920/image/large-2ef940ac6357323cb2309f03f82b177e.jpg" data-gid="gid://syiq/Photo/368920">Delivered in 2011, <a data-gid="gid://syiq/Yacht/1201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arion36.8m (120'9&quot;)Couach Yachts2011">Arion</a> features exterior design and naval architecture from her builder’s in-house team, while her interior was penned by <a data-gid="gid://syiq/Company/148" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ken Freivokh Design (Company)">Ken Freivokh Design</a>. She benefitted from a comprehensive refit in 2023 and 2025 which included a full paint job, all-new interior furnishings and upholstery, new teak decks, Starlink Maritime installation and brand-new generators.Distinguished by palettes of cherry and wenge woods all over her interiors, <a data-gid="gid://syiq/Yacht/1201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arion36.8m (120'9&quot;)Couach Yachts2011">Arion</a> can sleep nine guests across four staterooms. Moving outside, guests can dine alfresco on her aft deck or lounge on the sunbeds in the foredeck.In terms of performance, the <a data-gid="gid://syiq/Company/599" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Couach Yachts (Company)">Couach</a> yacht is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, providing her a cruising speed of 22 knots and a top speed of 26 knots.Photo courtesy of <a href="https://sya.superyachttimes.com/companies/northrop-and-johnson" target="_blank">Northrop &amp; Johnson</a>.

Couach yacht Arion sold

 The 36.8-metre Couach motor yacht Arion has been sold.


37m Couach motor yacht Arion sold

The 28.25-metre Mangusta motor yacht <a data-gid="gid://syiq/Yacht/4700" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Houdini28.25m (92'8&quot;)Mangusta Yachts2007">Houdini</a> has been sold, with José Arana Jr. of <a data-gid="gid://syiq/Company/4667" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="1 Ocean Yachts (Company)">1 Ocean Yachts</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/247715/image/large-94eb9e7d9ce6564c9fd1fd500eaf1c5d.png" data-gid="gid://syiq/Photo/247715"><a data-gid="gid://syiq/Yacht/4700" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Houdini28.25m (92'8&quot;)Mangusta Yachts2007">Houdini</a> features naval architecture penned in-house by her builder, with exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a>. She can accommodate up to eight guests across four well-appointed staterooms at a volume of 112 GT.The <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mangusta Yachts (Company)">Mangusta</a> 92 yacht’s interior design showcases a bright atmosphere. Meanwhile, her exterior areas offer plenty of options for relaxation and entertainment.In terms of propulsion system, <a data-gid="gid://syiq/Yacht/4700" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Houdini28.25m (92'8&quot;)Mangusta Yachts2007">Houdini</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, giving her a cruising speed of 25 knots and a top speed of 41 knots.Photo courtesy of&nbsp;<a data-gid="gid://syiq/Company/4667" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="1 Ocean Yachts (Company)">1 Ocean Yachts</a>.

Mangusta motor yacht Houdini sold

The 28.25-metre Mangusta motor yacht Houdini has been sold, with José Arana Jr. of 1 Ocean Yachts.

28m Mangusta motor yacht Houdini sold

SuperYacht Times steps onboard the 32.2-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> motor yacht <a data-gid="gid://syiq/Yacht/11982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Our Aleph32.2m (105'8&quot;)Sanlorenzo2022">Our Aleph</a>, currently listed for sale with <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a>.<img src="https://photo-assets.superyachttimes.com/photo/396987/image/large-98591ce4e0ab5d74bee5d9317f04ef5c.jpg" data-gid="gid://syiq/Photo/396987">The <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> SL106A was delivered in 2022 and was previously named QII and Montaña. Her exterior design was crafted by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, while <a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski</a> oversaw her clean and considered interiors. With naval architecture penned in-house by her Italian builder, she carries a beam of 7.06-metres and a draft of 1.9-metres. The yacht has also benefitted from over $1 million worth of custom upgrades.<img src="https://photo-assets.superyachttimes.com/photo/396998/image/large-99670cda36b04e32f478bcd4f78243cb.jpg" data-gid="gid://syiq/Photo/396998"><img src="https://photo-assets.superyachttimes.com/photo/396999/image/large-d5c61b5d57798ef657ddb16d7658e82f.jpg" data-gid="gid://syiq/Photo/396999">Inside, <a data-gid="gid://syiq/Yacht/11982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Our Aleph32.2m (105'8&quot;)Sanlorenzo2022">Our Aleph's</a> main saloon is bathed in natural light courtesy of her fold-out starboard balcony and floor-to-ceiling windows. The space is appointed with refined cabinetry, custom lounge seating and a smart TV, ensuring guests are well entertained whether they opt for television, or simply take in the views from the balcony.<img src="https://photo-assets.superyachttimes.com/photo/396996/image/large-023fde8561a6b37a9b68d2e9311c93ca.jpg" data-gid="gid://syiq/Photo/396996">At a volume of 189 GT, <a data-gid="gid://syiq/Yacht/11982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Our Aleph32.2m (105'8&quot;)Sanlorenzo2022">Our Aleph</a> can accommodate up to ten guests across five well-appointed staterooms. Each suite comes with an ensuite bathroom, entertainment system and refined Italian finishes. Her standout full-beam primary stateroom is situated on the main deck forward. Accessed via a private starboard deck entrance, the suite features a king-size berth, walk-in wardrobe and an ensuite finished in marble with a double vanity.<img src="https://photo-assets.superyachttimes.com/photo/396991/image/large-d4602bd1992c0d7b01c9943f5a641d9e.jpg" data-gid="gid://syiq/Photo/396991">On the lower deck, four additional staterooms, comprising a full-beam VIP stateroom, two queen suites and a twin suite, complete the guest accommodation. The comfort of guests onboard the yacht is attended to by a crew of five.<img src="https://photo-assets.superyachttimes.com/photo/397004/image/large-8daf43be1152489b6a255623b9efe2df.jpg" data-gid="gid://syiq/Photo/397004">Moreover, <a data-gid="gid://syiq/Yacht/11982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Our Aleph32.2m (105'8&quot;)Sanlorenzo2022">Our Aleph's</a> exterior spaces serve as a true sanctuary for relaxation and entertainment. Guests may dine alfresco on the aft deck, which connects seamlessly to the main saloon and exemplifies the yacht's effortless indoor-outdoor living philosophy.<img src="https://photo-assets.superyachttimes.com/photo/397001/image/large-f95c9dfd6da064ff31c5ce541ecf1919.jpg" data-gid="gid://syiq/Photo/397001">Forward, the flybridge functions as the social heart of the yacht. The area is fully equipped with a bar, electric grill, generous dining area, sunbeds and shaded seating framed by striking graphite sunshade structures. Panoramic sea views and iPad-based controls complete what is a thoroughly considered entertaining space.<img src="https://photo-assets.superyachttimes.com/photo/396988/image/large-803a5b09590ea994fc12481a556ddd68.jpg" data-gid="gid://syiq/Photo/396988"><img src="https://photo-assets.superyachttimes.com/photo/396986/image/large-f7e8eb39b24d72fbe9820349bc5d68a4.jpg" data-gid="gid://syiq/Photo/396986"><a data-gid="gid://syiq/Yacht/11982" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Our Aleph32.2m (105'8&quot;)Sanlorenzo2022">Our Aleph</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, delivering a cruising speed of 24 knots and a top speed of 28 knots. She is also fitted with zero-speed stabilisers to ensure comfort both at anchor and underway. The <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> SL106A yacht is currently located in Provence-Alpes-Côte d'Azur, France.Photos provided courtesy of <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a>.

Onboard 32m Sanlorenzo motor yacht Our Aleph

Step onboard the 32.2-metre Sanlorenzo motor yacht Our Aleph.


Onboard the 32m Sanlorenzo motor yacht Our Aleph

<img src="https://photo-assets.superyachttimes.com/photo/397097/image/large-de91ec36c9556c0dc6619a19d462483e.jpg" data-gid="gid://syiq/Photo/397097">Following two charters throughout the islands of Fiji, the 40.8-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> superyacht <a data-gid="gid://syiq/Yacht/8941" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northern Escape40.8m (133'10&quot;)Benetti SpA2022">Northern Escape</a> was spotted anchored in a scenic bay amid the crystal-clear waters surrounding the island. She has since made moves for her first ever season in French Polynesia. According to AIS data, she is currently off the coast of Nadi, Fiji.<a data-gid="gid://syiq/Yacht/8941" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northern Escape40.8m (133'10&quot;)Benetti SpA2022">Northern Escape</a> was delivered in 2022 and presents naval architecture penned in-house by her builder. Her exterior design was created by <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a>, while her interiors were conceived by <a data-gid="gid://syiq/Company/5263" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bonetti / Kozerski architecture DPC (Company)">Bonetti/Kozerski Architecture</a>. Inside, her elegant interiors accommodate up to 12 guests across five staterooms. The space is distinguished by light wood panelling and neutral tones throughout. This lends a warm, homely atmosphere to all those aboard.Moving outside, her exterior entertaining space is a true highlight. <a data-gid="gid://syiq/Yacht/8941" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northern Escape40.8m (133'10&quot;)Benetti SpA2022">Northern Escape</a> showcases a wet bar, an expansive U-shaped sofa, and an opulent infinity pool at her stern. Plentiful lounge areas are also available across the yacht's teak decks, including a generously sized fitted sofa on the sundeck, complemented by an adjacent oversized sunpad and Jacuzzi, as well as a large alfresco dining area complete with seating for up to 10 guests.In terms of performance, <a data-gid="gid://syiq/Yacht/8941" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northern Escape40.8m (133'10&quot;)Benetti SpA2022">Northern Escape</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, affording her a top speed of 17.5 knots and a cruising speed of 15 knots.

41m Benetti superyacht Northern Escape in Fiji

Following two charters throughout the islands of Fiji, the 40.8-metre Benetti superyacht Northern Escape was spotted anchored in a scenic bay.

<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> has announced the delivery of the 79.8-metre <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 80 superyacht <a data-gid="gid://syiq/Yacht/12033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Netto II79.8m (261'10&quot;)Amels2026">Netto II</a>. Departing from the <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> facility in Vlissingen, the Netherlands, she has now embarked on her maiden voyage to the Mediterranean.<img src="https://photo-assets.superyachttimes.com/photo/397115/image/large-644c40bf585a119199d7dd14161244d5.jpg" data-gid="gid://syiq/Photo/397115">Launched in March 2026 as part of the <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> Limited Editions fleet, <a data-gid="gid://syiq/Yacht/12033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Netto II79.8m (261'10&quot;)Amels2026">Netto II</a> boasts a metallic dolphin blue hull, platinum bootstrap and white superstructure. She features exterior design by <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino International</a>, interior design by <a data-gid="gid://syiq/Company/926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sinot Yacht Architecture & Design (Company)">Sinot Yacht Architecture &amp; Design</a> and naval architecture by <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>.Read more:&nbsp;<a data-gid="gid://syiq/Article/65393" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Second Amels 80 yacht Netto II launched with custom blue hull (2026-02-16 14:15:00 +0100)">Second Amels 80 yacht Netto II launched with custom blue hull</a><img src="https://photo-assets.superyachttimes.com/photo/397116/image/large-95c650c654ae2e84899c4cd5015a0d16.jpg" data-gid="gid://syiq/Photo/397116">“The collaboration with <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> has been a pleasure,” explained owner’s representative Kees de Keizer. “Throughout the build, we were able to rely on the shipyard’s expertise, flexibility and commitment to quality. The opportunities for customisation allowed us to realise the yacht the owner had envisioned.”<a data-gid="gid://syiq/Yacht/12033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Netto II79.8m (261'10&quot;)Amels2026">Netto II</a> can comfortably accommodate up to 14 guests across seven sumptuous staterooms, with her master suite situated on a dedicated owner’s deck. Her remaining six guest staterooms are located on the main deck and offer a light and bright interior design, with excellent sea views. She can also accommodate a crew of 20, plus two staff.The 2,197 GT yacht features a semi-custom interior design with a unique colour palette and selection of natural materials. <a data-gid="gid://syiq/Yacht/12033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Netto II79.8m (261'10&quot;)Amels2026">Netto II</a>'s distinctive style includes an impressive 200 square-metre sun deck, as well as a large pool on her main deck, with glazing that floods her beach club below with natural light.<img src="https://photo-assets.superyachttimes.com/photo/397117/image/large-ddfa22f430b2bfb2877f28533ce1c566.jpg" data-gid="gid://syiq/Photo/397117">“She is a truly remarkable yacht, and I feel deeply honoured to be at the helm of such an extraordinary <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 80 build,” commented Captain Fraser Gow. “Leaving the <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> family behind is bittersweet, but now it is time for <a data-gid="gid://syiq/Yacht/12033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Netto II79.8m (261'10&quot;)Amels2026">Netto II</a> to do what she was built for, and I cannot wait to take her out onto the open ocean and begin the adventures that lie ahead.”<a data-gid="gid://syiq/Yacht/12033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Netto II79.8m (261'10&quot;)Amels2026">Netto II</a> boasts a waterside beach club, which opens up on three sides with balconies extending towards the sea. She is equipped with a wellness and spa area and also houses a multitude of watercraft and toys and a helicopter landing area. <a data-gid="gid://syiq/Yacht/12033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Netto II79.8m (261'10&quot;)Amels2026">Netto II</a> also carries several unique design features including a speakeasy bar with a 60’s casino vibe for relaxing evenings.<img src="https://photo-assets.superyachttimes.com/photo/397114/image/large-89e49b958e60f4ab4a167d13a07e4e3b.jpg" data-gid="gid://syiq/Photo/397114"><a data-gid="gid://syiq/Yacht/12033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Netto II79.8m (261'10&quot;)Amels2026">Netto II</a> follows in the same footsteps as the award-winning <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 80 yacht <a data-gid="gid://syiq/Yacht/12032" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pangea79.8m (261'10&quot;)Amels2025">Pangea</a> and is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, which provide her with a top speed of 16.5 knots and a cruising speed of 12 knots.&nbsp;According to AIS, <a data-gid="gid://syiq/Yacht/12033" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Netto II79.8m (261'10&quot;)Amels2026">Netto II</a> is currently located in Poole, United Kingdom.

Netto II: 80m Amels yacht delivered

Damen Yachting has announced the delivery of the 79.8-metre Amels 80 superyacht Netto II.