Squircle Capital, a European alternative investment firm, has further increased its controlling stake of the <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a> and is now a 93 percent shareholder of the company. The incremental investment was planned as part of the initial acquisition of the leading superyacht refit, repair and maintenance group back in October 2019.<img src="https://photo-assets.superyachttimes.com/photo/222521/image/large-c4ac64dcdbc08170379c2241f0384223.jpg" data-gid="gid://syiq/Photo/222521">“As part of our 2019 investment, we committed to supporting management in their expansion plans. <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> has had phenomenal success since our investment both operationally and strategically and we have no doubt this will continue, particularly following the recent appointment of Jean-Marc as group CEO,” José Caireta, Founding Partner at Squircle Capital, commented. &nbsp;&nbsp;John Nery, Head of Investments at Squircle Capital, added: “Notwithstanding the headwinds of the last two years, the business expanded and created value thanks to its unique positioning and relentless management teams. As we grow our shareholding, we firmly believe we also grow our prospective returns on this investment which has outperformed expectations year on year.”<img src="https://photo-assets.superyachttimes.com/photo/250134/image/large-a607705d2ab4de9d5dd5e51c33297a5e.jpeg" data-gid="gid://syiq/Photo/250134">“This further investment by Squircle Capital signals their unwavering confidence in <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a>’s ability to continue growing the business and lead the refit industry, with innovation and sustainability at the forefront of this development,” Pepe García-Aubert, Chairman and minority shareholder of <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a>, noted. <img src="https://photo-assets.superyachttimes.com/photo/250133/image/large-723f85c81724c5441aad735be643c6fd.jpg" data-gid="gid://syiq/Photo/250133">Read:&nbsp;<a data-gid="gid://syiq/Article/56435" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat inaugurates its 4,300-tonne shiplift, Atlas (2022-11-23 16:45:00 +0100)">MB92 La Ciotat inaugurates its 4,300-tonne shiplift, Atlas</a>Squircle Capital’s purchase of additional shares follows the recent inauguration of Atlas, a major shiplift – a 5,000 sqm platform built around a 4,300- tonne shiplift – in La Ciotat, France. The <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">Group</a> also added a 4,800-tonne shiplift at its Barcelona facility back in 2019, and has more recently announced an expansion into the Middle East, with <a data-gid="gid://syiq/Company/4790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Seer Marine (Company)">Al Seer Marine</a> and <a data-gid="gid://syiq/Company/6707" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="P & O Marinas (Company)">P&amp;O Marinas</a>. The joint venture will see the first dedicated superyacht repair facility in UAE, which is expected to be completed in 2026 and open for business as early as next year.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/56027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Seer Marine, MB92 and P&O Marinas to create superyacht service centre and refit shipyard in Dubai (2022-09-27 16:15:00 +0200)">Al Seer Marine, MB92 and P&amp;O Marinas to create superyacht service centre and refit shipyard in Dubai</a><img src="https://photo-assets.superyachttimes.com/photo/250125/image/large-1c586358f90532f705c58a909a8efb7b.jpeg" data-gid="gid://syiq/Photo/250125">Jean-Marc Bolinger, CEO of <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a> commented: “The renewed conviction of our largest shareholder brings great comfort particularly given their commitment and support not only with their financial backing but also strategic support as we look to continue our international expansion.”&nbsp;

Squircle Capital acquires more shares of MB92 Group 

MB92 La Ciotat Shipyard

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Inauguration of the 4300-tonne shiplift at MB92 La Ciotat 

Bella Vita yacht out of water at MB 92 LA Ciotat 

Squircle Capital has further increased its controlling stake of the MB92 Group and is now a 93 percent shareholder of the company.

Squircle Capital now 93% shareholder of MB92 Group 

<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has acquired 49 percent of the share capital of <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a>, a company focused on plant engineering design, production and installation of electrical and naval electronics, as it “continues to verticalise its strategic suppliers”.&nbsp;The Italian luxury yacht builder acquired its share capital for a value close to €2.7 million, an investment that will bring a wealth of knowledge and skills oriented toward the “development of projects attentive to the sustainability of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>” from the highly specialised company. <img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-7b5718deb5680c4926c86d70113ad2a3.jpg" data-gid="gid://syiq/Photo/261779">Read:&nbsp;<a data-gid="gid://syiq/Article/57162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo announces €1b backlog and intention to acquire Simpson Marine (2023-03-16 10:15:00 +0100)">Sanlorenzo announces €1b backlog and intention to acquire Simpson Marine</a>Massimo Perotti, President and Chief Executive Officer of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, commented “I am happy to announce <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s investment in <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a>, a strategic partner of ours, which allows us to take a further step in strengthening the supply chain. <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a> represents excellence in its field, having built its own success through many technological innovations. In recent years, it has also developed significant experience in the field of propulsion electric and hybrid; this know-how makes this operation fully consistent with our “Road to 2030” vision for the development of innovative and sustainable technologies capable of revolutionising yachting. I am sure that <a data-gid="gid://syiq/Company/7075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Energy (Company)">Sea Energy</a>'s contribution will be invaluable for our journey"

Sanlorenzo acquires share capital of Sea Energy

Sanlorenzo has acquired share capital of Sea Energy, as it “continues to verticalise its strategic suppliers”. 

Sanlorenzo acquires 49% share capital of Sea Energy for €2.7m

US-based marina operator <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a> has acquired the superyacht refit, repair and maintenance facility <a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah Yacht Center</a>. The transaction saw securities from <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>’s parent company, Sun Communities Inc.<img src="https://photo-assets.superyachttimes.com/photo/180468/image/large-af66415fc728bcf583a9e1aeb8e65e2a.jpeg" data-gid="gid://syiq/Photo/180468">The <a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah Yacht Center</a> is located in Georgia, USA and is able to accommodate some of the world’s largest superyachts.. The facility is equipped with a 140-metre graving dock, a 3,240-tonne shiplift, and 366 metres of floating docks that can accommodate as many as eight 80-metre superyachts at any given time.Read:&nbsp;<a data-gid="gid://syiq/Article/50626" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Getting to know Savannah Yacht Center: The first choice for refits on the East Coast, USA (2019-11-08 09:30:00 +0100)">Getting to know Savannah Yacht Center: The first choice for refits on the East Coast, USA<img src="https://photo-assets.superyachttimes.com/photo/180467/image/large-807c6fdcccdd3abc413c33d53cc0fc2e.jpeg" data-gid="gid://syiq/Photo/180467"></a>“This is an outstanding addition to our network,” commented Baxter Underwood, CEO of <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a>. “The world’s largest vessels have historically been forced to cross the Atlantic for certain services. This facility allows us to serve them with excellence here in the United States and inside the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> network.” <img src="https://photo-assets.superyachttimes.com/photo/180469/image/large-fd7dd1f8c72c64cba5a50b96862832d0.jpeg" data-gid="gid://syiq/Photo/180469">The facility is expected to remain in operation during the change in ownership with the team of 50 employees becoming members of the <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a> team. "We are incredibly proud of the team at <a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah Yacht Center</a> and their many accomplishments," said Christian Demere, President and CEO of Colonial Group, Inc. "While it was a great experience building this business, I did not believe we were best positioned to allow it to reach its full potential. I am confident that it will reach new heights as part of Safe Harbor Marinas."<img src="https://photo-assets.superyachttimes.com/photo/180470/image/large-bd76ea249f7037d2b9f652b77d175b5d.jpeg" data-gid="gid://syiq/Photo/180470">"We're always searching for better ways to serve the superyacht builders, original equipment manufacturers (OEMs), owners, captains and crews," added Tim Sargent, EVP of International Operations at <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor Marinas</a>. "<a data-gid="gid://syiq/Company/1868" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah Yacht Center (Company)">Savannah</a> allows us to do exactly that."

Safe Harbor Marinas acquires Savannah Yacht Center

Safe Harbor Marinas has acquired the superyacht refit, repair and maintenance facility Savannah Yacht Center.

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The Rosetti Marino Group, according to rumours collected by Shipping Italy and SUPER YACHT 24, may soon be due to close down its shipbuilding division. The rumours have suggested that the San Vitale shipyard in Ravenna will be acquired by the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, but representatives from the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> have so far denied these rumours. Attempts, however, to reach out to members of <a data-gid="gid://syiq/Company/4643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rosetti Superyachts (Company)">Rosetti Superyachts</a>, the superyacht branch of the Rosetti Marino Group, have shown that email accounts appear to have been closed or frozen.Many in the superyacht industry have been expecting the announcement over coming months, particularly since Alberto Galassi, CEO of the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> hinted at an upcoming expansion in late 2022. The San Vitale facility comprises an area of 70,000 square-metres, approximately 10,000 square-metres of which is covered, 10,000 square-metres for the construction of hulls, a 175-metre long quay, and also a dry dock of 180x27x6 metres.<img src="https://photo-assets.superyachttimes.com/photo/56751/image/large-e1828dd3427e96c8a5c8e3e00e0759bf.jpg" data-gid="gid://syiq/Photo/56751">Once a prolific builder of working vessels such as tugs, AHTs, supply boats and small ferries, in recent years the shipyard has had difficulty attracting new commercial orders. In 2017 Rosetti Marino diversified the business by opening the <a data-gid="gid://syiq/Company/4643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rosetti Superyachts (Company)">Rosetti Superyacht</a> division and launching its first <a data-gid="gid://syiq/Article/55892" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Award-winning 39m Rosetti motor yacht Emocean for sale for the first time (2022-09-09 16:00:00 +0200)">38-metre Explorer named Emocean</a> in 2021, <a data-gid="gid://syiq/Article/54604" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Keel of the second Rosetti 38M Explorer has been laid (2022-02-16 10:45:00 +0100)">to be followed by a second unit, currently in-build and due for launch this year.</a>Read: <a data-gid="gid://syiq/Article/54116" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Onboard Emocean: A designer's tour (2021-11-19 12:15:00 +0100)">Onboard Emocean: A designer's tour</a><img src="https://photo-assets.superyachttimes.com/photo/208426/image/large-e0f31be4bee9ecd1669ff2e3770047e6.jpg" data-gid="gid://syiq/Photo/208426">The fate of the <a data-gid="gid://syiq/Company/4643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rosetti Superyachts (Company)">Rosetti Superyachts</a> brand and its in-build vessel are yet to be seen. It is unclear if the sale of the shipyard will see the Group exit the maritime sector, or if it will remain active in the oil and gas sectors.Though SYT reached out, the team at Rosetti Marino Group did not offer comment for this article.

Rosetti Marino sale to Ferretti Group

Rumours are circulating that the Rosetti Marino Group is close to selling its maritime facilities to the Ferretti Group.

Rosetti Marino reportedly selling San Vitale shipyard

<a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a>, a leading financial management platform for the superyacht sector, has announced its acquisition of the interactive worklist management platform <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a>. A move that will “further enhance its end-to-end solution for the financial management of superyachts”. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/259442/image/large-72e8b9a3a5e160f25ed9565ab1af730c.jpeg" data-gid="gid://syiq/Photo/259442">The <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a> platform provides a simple work list solution for an entire supply chain, with the aim to offer end-to-end transparency and total workflow accuracy for financial and time savings.&nbsp;The two companies have worked closely over the past 12 months and both see “enormous value” that integrating <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a> and developing the platform further under the <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> umbrella will bring to its users in the industry. As <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> explained, “The new integration will benefit captains and owners who are managing new build projects or refits, offering a total solution from initial bidding through to completion.”<img src="https://photo-assets.superyachttimes.com/photo/259440/image/large-23bc976025a0dad4b8c108980b74e146.jpeg" data-gid="gid://syiq/Photo/259440">“I’m delighted that Pinpoint Works has joined the <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a> family. Our mutual respect, unified approach, and vision for technology within the marine space will continue to provide the superyacht sector with the cutting-edge tool set that it requires to function effectively,” Ian Flanagan, founder and CEO of <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a> commented. “Together with our industry partners, management companies, shipyards and the incredible crew that make it all possible; we will continue to revolutionise the industry. <img src="https://photo-assets.superyachttimes.com/photo/259477/image/large-34ff13515791979facf69aae4e37e0c2.jpg" data-gid="gid://syiq/Photo/259477">“We are already working closely together on the next <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> chapter, please watch this space. These are exciting times in the superyacht world. <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a>, supported by the superb team of people that work here, intend to keep pushing the boundaries and leading the way.”<img src="https://photo-assets.superyachttimes.com/photo/259441/image/large-b768d958036f7e3882be72818b1d5c89.jpeg" data-gid="gid://syiq/Photo/259441">Leslie Gillotte, co-founder and Director of <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a> added. “The enthusiasm both our client bases bring for our products serves as motivation for us to create more value for them by uniting forces. Through this strategic partnership and our shared passion for developing innovative technology, we will grow stronger together by providing truly unique solutions.<img src="https://photo-assets.superyachttimes.com/photo/259478/image/large-c56f41e1e7a2725c035228a59aa1bff2.jpg" data-gid="gid://syiq/Photo/259478">“With the <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> team, we look forward to continuing to provide excellent standards of client support and bringing greater impact through the integration of our platforms for this dynamic industry we serve, and beyond.”

Voly Group acquires Pinpoint Works 

 Voly Group has announced its acquisition of the interactive worklist management platform Pinpoint Works. 

Voly Group announces acquisition of Pinpoint Works  

UK-based yacht builder <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> has announced that KPS Capital Partners has entered into a definitive agreement to acquire a controlling equity interest in the company. The deal is expected to be completed in the first quarter of 2023 and will see existing shareholders retain ownership of the company.<img src="https://photo-assets.superyachttimes.com/photo/258136/image/large-1a5b771835acfb06005cd285755181e3.jpg" data-gid="gid://syiq/Photo/258136">The US-based investment firm specialises in owning manufacturing businesses, with the deal still subject to customary closing conditions and approvals. The move follows the company's announcement last year to expand, as part of a successful bid by Plymouth City Council to create a Freeport in the region.Read:&nbsp;<a data-gid="gid://syiq/Article/56934" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Speculations rise over potential Princess Yachts acquisition (2023-02-13 14:15:00 +0100)">Speculations rise over potential Princess Yachts acquisition<img src="https://photo-assets.superyachttimes.com/photo/121696/image/large-ca3bca75e721d7c9ba4c864e6d0bcbd1.jpg" data-gid="gid://syiq/Photo/121696"></a>“We are excited to make this significant investment in <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>, a leading company in the luxury global yachting industry with an iconic brand grounded in British tradition, a remarkable and growing product range, and world-wide reputation for quality and innovation,” commented Ryan Harrison, a Partner of KPS Mid-Cap Investments. <img src="https://photo-assets.superyachttimes.com/photo/41309/image/large-90c2b903c073be6d676cf91a33346303.jpg" data-gid="gid://syiq/Photo/41309">This new investment will strengthen Princess Yachts ’ position in the marine sector in the UK and support the company’s opportunities both nationally and internationally. “We are thrilled to partner with KPS for this exciting new chapter for <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>,” added Antony Sheriff, Chief Executive Officer of <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/253526/image/large-9e7ae3ca9fa60d5d44938904fef42637.jpg" data-gid="gid://syiq/Photo/253526">“KPS and the <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> team are deeply committed to investing in the Company’s future while continuing to further strengthen our portfolio of best-in-class motor yachts. With a current order book nearing a record $1 billion and many model lines sold into 2025, we have never been in a stronger commercial position.”

KPS Capital Partners acquires equity interest in Princess Yachts

KPS Capital Partners has acquired a controlling equity interest in UK-based yacht builder Princess Yachts.

According to the online publication Sky News, UK-based yacht builder <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> is set to be acquired by KPS Capital Partners. The US-based investment firm specialises in owning manufacturing businesses, with sources saying a deal could be struck as soon as this week.<img src="https://photo-assets.superyachttimes.com/photo/121697/image/large-eba30d54f4662dd7436a7fae0c715851.jpg" data-gid="gid://syiq/Photo/121697">Rumours circulated online last year that the Plymouth-based builder <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> was for sale, as the firm’s private equity owner L Catterton hired bankers to find a buyer. <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> told local newspaper PlymouthLive that they were looking to start discussions with potential investors, in order to provide financial support in the build of a huge new factory at its Devonport operation.Princess Yachts also stated that as part of Plymouth City Council’s submission to the Government to create a tax-break they had; “developed a proposal to double the capacity of its South Yard facility to increase the product offering and further strengthen its market position.”<img src="https://photo-assets.superyachttimes.com/photo/41309/image/large-90c2b903c073be6d676cf91a33346303.jpg" data-gid="gid://syiq/Photo/41309">The spokesperson said, “This in turn will create additional jobs and secure a bright future for boat building in Devon and the UK. The company and its shareholders are now considering beginning discussions with potential investors to provide financial support for these exciting plans for growth.”SuperYacht Times&nbsp;has reached out for comment from those involved in the deal but are yet to hear back.&nbsp;

Princess Yachts acquisition by KPS Capital Partners

According to the online publication Sky News, UK-based yacht builder Princess Yachts is set to be acquired by KPS Capital Partners.

Speculations rise over potential Princess Yachts acquisition

<a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a> has acquired <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> and appointed Frédéric Dormeuil as Chief Executive Officer of the multinational yacht charter fiscal agency. <img src="https://photo-assets.superyachttimes.com/photo/194393/image/large-3ac3130eb206a2a785c73815d4269e28.jpg" data-gid="gid://syiq/Photo/194393">‘’I am very pleased that we have acquired such a successful company. <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> fits very well with our strategic objective in making life easier onboard superyachts. They simplify the fiscal representation process for their clients, they do so across different territories and that is exactly what we should all be working towards’’ said Paschalis Patsiokas, Chief Executive Officer of <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a>.<img src="https://photo-assets.superyachttimes.com/photo/194392/image/large-1e5502f2774bfe69f7040c7a70deb7eb.jpg" data-gid="gid://syiq/Photo/194392"><a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> has recently celebrated its 10th anniversary, established in 2012 to provide fiscal representation services for EU and non-EU yacht charter companies that operate within the European Union.&nbsp;Operating out of offices in France, Spain, Italy and Croatia <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> provides services for more than 600 regular worldwide customers. This year plans are in place to further expand, with a new office in Monaco.&nbsp;As <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a> explained, “<a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> emphasises the importance of local support and works to streamline the fiscal components of yachting for each and every client. They combine this with real-time operational guidance and services, making sure their clients are always tax-compliant and can consistently meet local standards while trading their goods or services abroad.”<img src="https://photo-assets.superyachttimes.com/photo/241350/image/large-2de9324bef92f6cd991b8cb0b8e8d467.jpg" data-gid="gid://syiq/Photo/241350">Looking forward, <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a> has announced that it aims for <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> to remain autonomous, operating in tandem with <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a>, whilst continuing to further develop its own services. The appointment of Dormeuil is expected to help consolidate this position and help confirm a solid and coherent plan for the years ahead.&nbsp;Dormeuil has a wealth of experience in the luxury goods industry, and has spent many years in yachting. “With Dormeuil’s in-depth knowledge of the yachting industry from important past roles and an innovative approach, <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> will be able to reach new heights with ease and continue its goal of revolutionising yacht-based fiscal representation,” <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a> stated. <img src="https://photo-assets.superyachttimes.com/photo/241349/image/large-54e320bcd47184c0c180ca77446d3aa2.jpg" data-gid="gid://syiq/Photo/241349">“To be involved in the flourishing sector of yachting is incredibly motivating and what an industry it is; remarkable feats of engineering taking you to the most surreal destinations and like <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a>, includes many distinctive service providers helping make the overall experience the dream-like allure that it is,” Dormeuil commented.&nbsp;“From its inception, <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> has understood how to ease the burden of what can be a daunting process and I look forward to evolving the brand’s success and elevating its position in current markets and new ones,” Dormeuil continued.&nbsp;

BWA Yachting acquires SOS Yachting

BWA Yachting has acquired SOS Yachting and appointed Frédéric Dormeuil as CEO.

BWA Yachting acquires SOS Yachting and appoints Frédéric Dormeuil as CEO 

The American yachting and boating titan <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has reported its financial results for quarter one of 2023, which ended 31 December 2022. The company has recorded a 7 percent increase in revenue, reaching a record $507.9 million for the quarter. <img src="https://photo-assets.superyachttimes.com/photo/193821/image/large-84422da6a8c3e3c4328fae4425cc98ff.png" data-gid="gid://syiq/Photo/193821">The growth was primarily driven by contributions from strategic acquisitions, including <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> which closed in October 2022. As a result of the current macroeconomic environment and ongoing supply chain challenges, same-store sales declined a modest 1 percent for the quarter, compared with an increase of 9 percent in the first quarter of 2022. <a data-gid="gid://syiq/Article/55716" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax acquires IGY Marinas for $480 million (2022-08-09 14:45:00 +0200)">The company acquired IGY Marines in August for $480 million, the largest acquisition it has made to date</a>.<img src="https://photo-assets.superyachttimes.com/photo/184962/image/large-c9755869f8bda2423ae7ccebcf3e0061.jpg" data-gid="gid://syiq/Photo/184962">Brett McGill, Chief Executive Officer and President, stated, “Our team executed exceptionally well in the first quarter, despite the sustained supply chain constraints and economic uncertainty. We delivered strong top-line growth, record December quarter gross margin, strong positive cash flowsand Adjusted EBITDA, reflecting the strength of our premium brands and the addition of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> to our portfolio. In addition to the <a data-gid="gid://syiq/Article/55716" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax acquires IGY Marinas for $480 million (2022-08-09 14:45:00 +0200)">IGY</a> acquisition, we also expanded with Midcoast Marine Enterprises, while also growing on the technology front, through the formation of a new business, New Wave Innovations. New Wave recently completed the acquisition of Boatzon, the industry’s only 100 percent online boat and marine digital retail platform.”Net income for the quarter ended December 31, 2022 was $19.7 million, or $0.89 per diluted share, compared with net income of $35.9 million, or $1.59 per diluted share, for the same period last year. Adjusted net income was $27.3 million, or $1.24 per diluted share for the quarter ended December 31, 2022. Adjusted EBITDA for the quarter ended December 31, 2022 was $53.2 million, compared with $55.3 million for the same period last year. Adjusted EBITDA, excluding the adjustment for currency changes, was $55.6 million for the quarter ended December 31, 2022.<img src="https://photo-assets.superyachttimes.com/photo/253054/image/large-62edda5afd328047d5a95f10e5be11bf.jpg" data-gid="gid://syiq/Photo/253054">Brett McGill concluded, “Although we are updating our 2023 guidance as a result of current economic uncertainty, we have strong momentum as we move into the remainder of the year. We are backed by one of the strongest balance sheets in the industry, which provides us increased flexibility to remain agile and take advantage of opportunities as they arise. We remain confident that our organic growth opportunities, coupled with attractive strategic acquisitions, position us well for 2023 and beyond. We continue to execute on our strategic growth plan to drive sustainable value for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> stakeholders through a diversified business model built on premium brands, global marinas, world-class services, and innovative technology.”In addition to the ownership of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>, over recent years <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has acquired both <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop and Johnson</a>, firmly securing the conglomerates position in the superyacht industry. SuperYacht Times has recently interviewed Chuck Cashman, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> CRO, and the interview will be published in the upcoming edition of the newspaper. <a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" rel="noopener noreferrer" target="_blank" title="">Follow this link to subscribe to the SYT newspaper and to get the full story on publication in February</a>.

MarineMax reports record breaking quarterly revenue of $507.9 million

<a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug Holding</a> has acquired the German manufacturer of interior fittings for superyachts, Wuerzburger Interieur Manufaktur (WIMA). The purchase agreement has already become effective and <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> was introduced to its 40 employees yesterday.<img src="https://photo-assets.superyachttimes.com/photo/68731/image/large-0341919e64beb19d4317204745a22906.jpg" data-gid="gid://syiq/Photo/68731">"With this acquisition, we are strategically strengthening <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> in a crucial field for the superyacht industry,” Philipp Maracke, CEO of FSG <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> Holding, commented.Lars Windhorst, founder and owner of Tennor Group, which both <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> and the Flensburger Schiffbau-Gesellschaft belong, added, “I chose Wuerzburger Interieur Manufaktur because they have been providing world-class joinery for many years. The experts from WIMA are able to master the interior fittings of both the ship’s bridge and of the owner’s saloons in a quality that equals that of the most elegant private homes in the world.”<img src="https://photo-assets.superyachttimes.com/photo/180187/image/large-a6e0963dc4d49da8744cc1dee75e8a59.jpeg" data-gid="gid://syiq/Photo/180187">The results of the <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> and WIMA partnership have already been seen, as the two worked in close cooperation on projects such as the 80-metre superyacht <a data-gid="gid://syiq/Yacht/6282" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Artefact80.0m (262'6&quot;)Nobiskrug2020">Artefact</a>, delivered in 2020. <img src="https://photo-assets.superyachttimes.com/photo/188493/image/large-0e183137a3e3e2aae0cfdcd485687ae4.jpg" data-gid="gid://syiq/Photo/188493"><img src="https://photo-assets.superyachttimes.com/photo/188494/image/large-d8c4b484b7d4fef7c47076b52202d258.jpg" data-gid="gid://syiq/Photo/188494">

Nobiskrug acquires Wuerzburger Interieur Manufaktur

Nobiskrug has acquired the German manufacturer of interior fittings for superyachts, Wuerzburger Interieur Manufaktur (WIMA).

Nobiskrug strengthens production with acquisition of Wuerzburger Interieur Manufaktur

The 57.8-metre <a data-gid="gid://syiq/Company/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Codecasa S.p.A. (Company)">Codecasa</a> superyacht C125 has been sold. Construction began on the superyacht in 2020 as a speculation project and the hull was first seen in August 2022. She is scheduled for delivery to her owners this summer. <img src="https://photo-assets.superyachttimes.com/photo/215992/image/large-a74ab5b9a8c0727150091015036cf585.jpg" data-gid="gid://syiq/Photo/215992">The yacht C127 features a design from her builder in collaboration with Italian studio <a data-gid="gid://syiq/Company/5407" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="m2atelier (Company)">m2atelier</a>. C127 features a fast displacement hull optimised to reach top speeds of 21 knots, and has a steel hull and aluminium superstructure. She will be powered by twin <a href="https://www.superyachttimes.com/companies/caterpillar-inc" target="_blank">Caterpillar</a> engines.<img src="https://photo-assets.superyachttimes.com/photo/215991/image/large-6c56e8b98b106b675ad14f4003634c69.jpg" data-gid="gid://syiq/Photo/215991">She has accommodation for up-to 12 guests across one master suite and five additional staterooms. The <a href="https://www.superyachttimes.com/companies/codecasa" target="_blank">Codecasa</a> C127 superyacht will be equipped with a lift to easily access all of her decks, a large stern beach area with a folding door to open into a swim platform, a gym, and a swimming pool on her sun deck.

Codecasa yacht C127 sold

The 58m Codecasa superyacht C127 sold and will be delivered this year.

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Codecasa 58m superyacht C127 has been sold

The 82-metre <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> superyacht <a data-gid="gid://syiq/Yacht/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alfa Nero82.0m (269'0&quot;)Oceanco2007">Alfa Nero</a> will go to auction if still unclaimed by the end of tomorrow. <img src="https://photo-assets.superyachttimes.com/photo/19769/image/large-f3ff428285955c4cde5cfee0f37ddbf0.jpg" data-gid="gid://syiq/Photo/19769">The announcement was made by Antigua Port Manager Darwin Telemaque earlier this week, as the government made a final drive to clear the superyacht, which has been left “abandoned” in Falmouth Harbour in Antigua for more than a year.<img src="https://photo-assets.superyachttimes.com/photo/4163/image/large-6e92b74af61093e73b2f894af3c51b1d.jpg" data-gid="gid://syiq/Photo/4163">The superyacht was believed to be owned by the sanctioned Russian billionaire Andrey Guryev, yet, according to Bloomberg, his lawyers and legal representatives have denied these claims. “As we have informed the Antiguan authorities Mr. Guryev neither owns nor controls the Alfa Nero and has simply used the vessel from time to time under commercial charter since 2014,” Guryev’s representatives explained to Bloomberg. <img src="https://photo-assets.superyachttimes.com/photo/4152/image/large-6bd7e17f6430c1a7ea478ccf7494d776.jpg" data-gid="gid://syiq/Photo/4152">Bloomberg goes on to report that <a data-gid="gid://syiq/Yacht/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alfa Nero82.0m (269'0&quot;)Oceanco2007">Alfa Nero</a> has cost the marina more than $500,000 in costs, covering fuel, electricity and food bills for the five-person crew.&nbsp;(Update 03-03-2023 17:30) Antigua and Barbuda Government moves to sell 82m superyacht Alfa NeroAccording to Caribbean Loopnews, The Antigua and Barbuda Government is taking steps to auction the 82-metre superyacht <a data-gid="gid://syiq/Yacht/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alfa Nero82.0m (269'0&quot;)Oceanco2007">Alfa Nero</a> which, according to Information Minister Melford Nicholas, has been “abandoned” in Falmouth Harbour since February 2022.<img src="https://photo-assets.superyachttimes.com/photo/84288/image/large-49a73b04ae3761415076e0fafa0af537.jpg" data-gid="gid://syiq/Photo/84288"><a data-gid="gid://syiq/Yacht/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alfa Nero82.0m (269'0&quot;)Oceanco2007">Alfa Nero</a> is believed to be owned by a sanctioned Russian oligarch and was blocked and subject to an official search last August, to determine who her ultimate beneficial owner is. The search was unsuccessful and allegedly&nbsp;<a data-gid="gid://syiq/Yacht/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alfa Nero82.0m (269'0&quot;)Oceanco2007">Alfa Nero</a> has since been deemed a risk.&nbsp;Nicholas explained the Government is “trying to prevent a future hazard since the luxury vessel is not being maintained by its owner.”<img src="https://photo-assets.superyachttimes.com/photo/84285/image/large-152b2c43cd20092c4fd4ac30f6a9bcbb.jpg" data-gid="gid://syiq/Photo/84285"><img src="https://photo-assets.superyachttimes.com/photo/84284/image/large-f864ab48d0634ae138e75dc4ea015da4.jpg" data-gid="gid://syiq/Photo/84284">Caribbean Loopnews reports that the sales notice will be placed in the media for 10 days to satisfy the requirements under the law for a forced sale. &nbsp;The note stated, “If the owner fails to claim the vessel within that time period, the Government of Antigua and Barbuda, having declared the vessel a hazard to shipping and to the harbour where it is moored, will sell it to the highest bidder.” <img src="https://photo-assets.superyachttimes.com/photo/84289/image/large-7cf65094f9ef1d594510586a81c6d50c.jpg" data-gid="gid://syiq/Photo/84289">Antigua and Barbuda would have consulted with the US authorities prior to taking the action. But whether the money raised from her sale stays with the Antigua and Barbuda Government is unknown, Nicholas explained. &nbsp;<a data-gid="gid://syiq/Yacht/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alfa Nero82.0m (269'0&quot;)Oceanco2007">Alfa Nero</a> was delivered in 2007 by <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> and features an exterior design by <a data-gid="gid://syiq/Company/65" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nuvolari Lenard (Company)">Nuvolari Lenard</a> and naval architecture by <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a> and <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>. The task of curating her 2,500 GT of interior volume was entrusted to <a data-gid="gid://syiq/Company/19" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Pinto (Company)">Alberto Pinto</a>. <img src="https://photo-assets.superyachttimes.com/photo/84293/image/large-687c3fe7ccd6b0fd8e4e18db14cf3119.jpg" data-gid="gid://syiq/Photo/84293"><img src="https://photo-assets.superyachttimes.com/photo/84294/image/large-290998123199d82be0b140fac2a68b5e.jpg" data-gid="gid://syiq/Photo/84294"><img src="https://photo-assets.superyachttimes.com/photo/84295/image/large-fdfafdcea1e7b5a2e20cbfc7aa9c7db9.jpg" data-gid="gid://syiq/Photo/84295">She was sold in 2011 to her current owner with a last known asking price of 115,000,000. Prior to her being “abandoned”, she was well maintained undertaking many refit and shipyard visits over the years. She returned to <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> in Alblasserdam, the Netherlands in 2020. <img src="https://photo-assets.superyachttimes.com/photo/57566/image/large-fe016568ff8ea3fc88d2dfc89cb3ddcd.jpg" data-gid="gid://syiq/Photo/57566">Read:&nbsp;<a data-gid="gid://syiq/Article/54694" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Update on Russian yachts seized: US imposes sanctions on 89m Russian-owned superyacht Nirvana (2022-12-21 14:15:00 +0100)">Update on Russian yachts seized: US imposes sanctions on 89m Russian-owned superyacht Nirvana</a>The superyacht offers accommodation for as many as 12 guests across six suites, comprising a master, two VIPs, two doubles and a twin. <a data-gid="gid://syiq/Yacht/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alfa Nero82.0m (269'0&quot;)Oceanco2007">Alfa Nero</a> can also host 28 crew. She has a long list of key features that include a hydraulically operated pool and a helipad on her aft deck.

Antigua and Barbuda Government to sell 82m superyacht Alfa Nero

The Antigua and Barbuda Government is making steps to auction the “abandoned” 82m superyacht Alfa Nero.

Update: Sanctioned Russian billionaire Andrey Guryev denies ownership of 82m Alfa Nero superyacht

For the past eight years, SuperYacht Times has been publishing <a href="https://www.superyachttimes.com/market-reports" rel="noopener noreferrer" target="_blank" title="">The State of Yachting</a> the industry's foremost market report, which tracks the yachting industry through our data intelligence system SYT iQ. Excitingly, we will deliver our first installment of The State of Yachting 2023 via a live stream the with expert guidance by our Head of Intelligence, Ralph Dazert. <a href="https://www.youtube.com/watch?v=SvH71Q4Abd4" rel="noopener noreferrer" target="_blank" title="">Tune into the live steam at 4pm CET on the SYT YouTube channel.</a><img src="https://photo-assets.superyachttimes.com/photo/263654/image/large-af88c626b8a5e3f49541f2b67d0e8d06.png" data-gid="gid://syiq/Photo/263654">With an in-depth analytical presentation and a reflective analysis, the SuperYacht Times team presents their opinions, highlight key trends, and makes informed observations on different segments and events in the superyacht industry. We will conclude with our forecast for future sales and completions of superyachts.<img src="https://photo-assets.superyachttimes.com/photo/263659/image/large-9ec5557bc4bf836a930a175ba12b89d3.png" data-gid="gid://syiq/Photo/263659">We are also offering viewers a unique opportunity to ask compelling questions during the presentation, where we will host an interactive Q&amp;A with Ralph, who will answer your questions.Throughout the presentation, viewers are advised to download the free copy of The State of Yachting 2023, which can be found here. <img src="https://photo-assets.superyachttimes.com/photo/263658/image/large-a9e7c9fa669b3dce060cbfe549fd0531.png" data-gid="gid://syiq/Photo/263658"><a href="https://www.youtube.com/watch?v=SvH71Q4Abd4" rel="noopener noreferrer" target="_blank" title="">Tune in live to The State of Yachting 2023 here.</a>

The State of Yachting 2023

 Join The State of Yachting 2023 live stream and Q&A with Head of Intelligence, Ralph Dazert. 

Tune in for The State of Yachting 2023 Live Stream 31st March 4pm CET

Diego Luca, the Miami-based yacht broker, influencer and Founder of the <a data-gid="gid://syiq/Company/6698" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DIEGOLUCA Yacht Group (Company)">DIEGOLUCA</a> has joined forces 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>, which was founded by Frank Grzeszczak Sr in 2020. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/225537/image/large-c569369845a176d8f2eeeb2da7e0eafb.jpg" data-gid="gid://syiq/Photo/225537">Diego Luca started his career in the yachting industry 14 years ago in a private membership club in California, where he focused on providing exclusive access to luxurious cars, helicopters, jets, and yachts to discerning clients. However, it was a transformative experience aboard a yacht in the Sea of Cortez that ignited Luca's true passion. He realised that the vehicles he was selling were merely a means to an end - the real excitement lay in the world of yachts.Today, <a data-gid="gid://syiq/Company/6698" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DIEGOLUCA Yacht Group (Company)">DIEGOLUCA</a> caters to private clients in Miami, Mexico, Monaco, and beyond, where he brokers charters, sales, new-builds, and refits. Over the past three years he has also hosted renowned events for superyacht owners at the Miami Formula 1 and Miami Art Basel. In announcement by the <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>, the team announced;"We are excited to join forces with <a data-gid="gid://syiq/Company/6698" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DIEGOLUCA Yacht Group (Company)">DIEGOLUCA</a>. With our industry rapidly changing and a younger generation of Yacht Owners joining the World Of Yachting, it was the perfect time for us to look and find the influencer shaking our industry. Diego Luca dominates the forefront of Social Media Marketing, Yachting, Lifestyle, and Formula 1 Events in Miami &amp; Monaco.""<a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI</a> has a hard-earned reputation for breaking the mould and striving relentlessly to keep our clients fully informed and up-to-date on the latest market trends and opportunities. By joining forces with Diego Luca, we're taking forward thinking to an entirely new level, connecting with virtually untapped markets, which is, of course, to the tremendous benefit of our clients," says Frank Grzeszczak Jr., Vice-President 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>.&nbsp;Diego Luca's success lies in building lasting relationships: "Take care of clients, they’ll take care of you"

Diego Luca joins FGI Yacht Group

The yacht broker and influencer Diego Luca has joined FGI Yacht Group.

Broker and influencer Diego Luca joins forces with FGI Yacht Group

The <a data-gid="gid://syiq/Event/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai International Boat Show - 2023">Dubai International Boat Show 2023</a> has reported that they welcomed over 30,000 visitors and industry players from across the globe to the Dubai Harbour from 1 to 5 March. The Middle East’s premier marine event highlighted the global appeal of the UAE and the rapidly growing success of the local yachting industry.<img src="https://photo-assets.superyachttimes.com/photo/263619/image/large-2705c61d7fe4c2cf84f39adeec5275dc.jpg" data-gid="gid://syiq/Photo/263619">Al Rubban Marine, IMG Boats, Invincible Boats, Ocean Boats, <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> and Victory Yachts were among the exhibitors that showcased their latest creations at the five-day event, with a focus on incorporating sustainable solutions.<img src="https://photo-assets.superyachttimes.com/photo/263616/image/large-98b445d9d5316fc307e1d9a69b228e3d.jpg" data-gid="gid://syiq/Photo/263616">The show saw local manufacturers and distributors exhibiting alongside brands from 60 other countries, highlighting the diverse range of international markets.<img src="https://photo-assets.superyachttimes.com/photo/263617/image/large-500eb4686d5d92355e4fbc7ae4ab2c2b.jpg" data-gid="gid://syiq/Photo/263617">Paurush Farouk.H, Sales Manager of IMG Boats commented that there is a strong market for Middle Eastern products outside the region; “In previous years, we primarily had interest from across the region, but this year we are receiving more serious leads from international markets, particularly Eastern Europe, and Australia.”<img src="https://photo-assets.superyachttimes.com/photo/260515/image/large-6aac2a26376d23359d610e39eee5c84a.jpg" data-gid="gid://syiq/Photo/260515">The global boat building market is expected to reach over $47 billion in 2027, at a CAGR of 7.5 percent, and the increasing demand for recreational boats in the Middle East and North Africa (MENA) region is a significant factor driving growth.<img src="https://photo-assets.superyachttimes.com/photo/260516/image/large-c027e70c598eed031d7d0f45d0a31ab4.jpg" data-gid="gid://syiq/Photo/260516">Abeer Al Shaali, Deputy Managing Director of <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>, said: “At <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a>, we understand that clients prioritise sustainability and durability, and we are committed to supporting the path towards a sustainable future. We are committed to making our yachts more efficient, lightweight, and practical, always with the user’s perspective in mind.”<img src="https://photo-assets.superyachttimes.com/photo/260048/image/large-4c6fdce012228ba70e2f6767d71a3f71.jpg" data-gid="gid://syiq/Photo/260048">UAE-based builder <a data-gid="gid://syiq/Company/955" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Craft (Company)">Gulf Craft</a> were a prominent exhibitor at the <a data-gid="gid://syiq/Event/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai International Boat Show - 2023">Dubai International Boat Show</a> where they presented the brand new 30.8-metre <a data-gid="gid://syiq/Yacht/12788" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nomad 101/0130.8m (101'1&quot;)Gulf Craft 2023">Nomad 101</a> and debuted the 34.1-metre <a data-gid="gid://syiq/Yacht/11985" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Majesty 111 #134.1m (111'11&quot;)Gulf Craft 2023">Majesty 111</a>.Read:&nbsp;<a data-gid="gid://syiq/Article/57039" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nomad 101: Gulf Craft presents new 31m motor yacht at DIBS (2023-03-01 11:15:00 +0100)">Nomad 101: Gulf Craft presents new 31m motor yacht at DIBS<img src="https://photo-assets.superyachttimes.com/photo/261521/image/large-34a23f7e6532b2874722c262f6f7de53.jpg" data-gid="gid://syiq/Photo/261521"></a>The <a data-gid="gid://syiq/Event/162" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai International Boat Show - 2023">Dubai International Boat Show</a> annually continues to champion the UAE’s position as a top destination for marine enthusiasts and professionals and attracts leading brands and industry leaders from around the world. <img src="https://photo-assets.superyachttimes.com/photo/263618/image/large-67b838dfebbf4eb3da6b1f94dcebbb80.jpg" data-gid="gid://syiq/Photo/263618">The event plays an essential role in providing a platform for the industry to present its excellence to the international market. SuperYacht Times was a media partner for the event and a number of representatives attended the show.You can find the full roundup of everything you may have missed from this year’s show here.Read:&nbsp;<a data-gid="gid://syiq/Article/57084" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Everything you may have missed at the Dubai International Boat Show 2023 (2023-03-06 16:30:00 +0100)">Everything you may have missed at the Dubai International Boat Show 2023</a>

Dubai International Boat Show 2023 puts UAE on the global yachting stage

The Dubai International Boat Show 2023 has reported that they welcomed over 30,000 visitors to this year’s show.

<a data-gid="gid://syiq/Company/4374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="METSTRADE (Company)">Metstrade</a> and <a data-gid="gid://syiq/Company/7078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Foiling Organization (Company)">The Foiling Organization</a> have announced a new partnership, launching the first ever Foiling Technology Pavilion. The pavilion will showcase manufacturers of foiling hardware and technology and will be featured during <a data-gid="gid://syiq/Event/184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="METSTRADE - 2023">Metstrade 2023</a>, taking place in Amsterdam RAI from 15 to 17 November. <img src="https://photo-assets.superyachttimes.com/photo/263602/image/large-c9f3b7e2d0d75fc5e3c81017f5be0648.jpeg" data-gid="gid://syiq/Photo/263602"><a data-gid="gid://syiq/Company/4374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="METSTRADE (Company)">Metstrade</a> is the world’s largest trade exhibition for equipment, materials and systems for the global leisure marine industry. Its new partner, <a data-gid="gid://syiq/Company/7078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Foiling Organization (Company)">The Foiling Organization</a>, is part of the We Are Foiling events ecosystem as an international association for the foiling industry and its professionals.During <a data-gid="gid://syiq/Event/184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="METSTRADE - 2023">Metstrade</a>, the Foiling Technology Pavilion will showcase the impressive progress made with high-end racing technology across yachts and boats, with confirmed exhibitors such as Caponnetto Hueber, Foil Chemy and Vakaros. The pavilion will also provide helpful information to boat builders and designers, educating them on what is involved in employing foiling within sail and power yachts of the immediate future. The Foiling Technology Pavilion will also host a knowledge stage for discussion on all the trending topics in the sector.<img src="https://photo-assets.superyachttimes.com/photo/263601/image/large-96234016a46ac7f684836bb26af48df8.jpeg" data-gid="gid://syiq/Photo/263601">“Foiling is changing the water mobility system. The decarbonisation targets set by the EU, the UN and the IMO, make foiling an almost obligatory choice for new leisure and commercial applications. The astonishing number of projects for the transport of people, goods and containers is there to prove it.” stated Luca Rizzotti, Founder of <a data-gid="gid://syiq/Company/7078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Foiling Organization (Company)">The Foiling Organization</a>, and Founder and President of We Are Foiling events ecosystem. “I am confident that the Foiling Technology Pavilion will provide a major boost to accelerate innovation and economic growth in the foiling segment to the satisfaction of all of those who will have the opportunity to take part in this showcase.”Niels Klarenbeek, <a data-gid="gid://syiq/Company/4374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="METSTRADE (Company)">Metstrade</a> Show Director, added, “With the Foiling Technology Pavilion we cannot wait to unveil the latest of our forward-thinking feature areas and we anticipate wide interest from visitors and exhibitors alike. <a data-gid="gid://syiq/Company/4374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="METSTRADE (Company)">Metstrade</a> has been at the forefront of providing a significant knowledge platform to highlight the developments that will move our industry’s essential decarbonisation efforts from ambition to reality. It is a logical progression for us to take a leading role in partnership with <a data-gid="gid://syiq/Company/7078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Foiling Organization (Company)">The Foiling Organization</a> to encourage the mainstream adoption of a technology that has such great potential to reduce energy consumption while increasing the pleasure of those who go afloat.”

Metstrade 2023 launches new Foiling Technology Pavilion

Metstrade and The Foiling Organisation have announced the launch of the first ever Foiling Technology Pavilion at Metstrade 2023, Amsterdam.

events-retrospectives#1

Brand new Foiling Technology Pavilion to launch at Metstrade 2023

<a data-gid="gid://syiq/Company/2510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="EKKA Yachts (Company)">EKKA Yachts</a> has announced the sale of Hull 570 in the 25-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> SL82 motor yacht series. The yacht sold with <a data-gid="gid://syiq/Company/2510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="EKKA Yachts (Company)">EKKA Yachts</a> representing both the buyer and seller during the transaction.<img src="https://photo-assets.superyachttimes.com/photo/177460/image/large-2eace56fecc0b156f80630ed0aac1827.jpg" data-gid="gid://syiq/Photo/177460">The <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> SL82 was delivered in 2011 by the Italian shipyard which penned her interior, exterior and naval architecture. Standout features on board include her spacious saloon and her bridge deck.<img src="https://photo-assets.superyachttimes.com/photo/237723/image/large-e7f6e1f521b37754363e110a8588cac9.jpeg" data-gid="gid://syiq/Photo/237723"><img src="https://photo-assets.superyachttimes.com/photo/237721/image/large-6a3a4101ca5e3f689dcd7863f226fe53.jpeg" data-gid="gid://syiq/Photo/237721">The <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> SL82 is able to accommodate up to eight guests across four well-appointed staterooms, located on the lower deck. These include a master stateroom, VIP forward suite and two twin guests staterooms.<img src="https://photo-assets.superyachttimes.com/photo/237725/image/large-9ec455946c3ffe52bd8504e04aadd2b7.jpeg" data-gid="gid://syiq/Photo/237725"><img src="https://photo-assets.superyachttimes.com/photo/237728/image/large-ba3f73d3851e482ae835a8f6ee1f7e1e.jpeg" data-gid="gid://syiq/Photo/237728"><img src="https://photo-assets.superyachttimes.com/photo/237727/image/large-5a535145a5f9aec95c7915f230d7df0e.jpeg" data-gid="gid://syiq/Photo/237727">The <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> SL82 yacht is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> diesel engines that provide her with an incredible top speed of 30 knots and a cruising speed of 25 knots. At the time of her sale, she had a last known asking price of €1,890,000.

25m Sanlorenzo SL82 motor yacht sold

Ekka Yachts has announced the sale of hull 570 in the 25-metre Sanlorenzo SL82 motor yacht series.

Brokerage firm <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> has announced the appointment of Rebecca Cutter as Charter Manager. Rebecca, originally from England, brings over two decades of experience in the yachting industry to her new role. Rebecca will be based out of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">N&amp;J</a>’s Antibes office.<img src="https://photo-assets.superyachttimes.com/photo/263552/image/large-efd17b872091b7ae39a1f7a3d2b08ca1.jpeg" data-gid="gid://syiq/Photo/263552">Rebecca's career in the yachting industry began in1996 while living in Antibes, France. She is now responsible for managing and promoting the booking calendars for the <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> European charter fleet. Her primary responsibilities include liaising with fleet owners, captains, and retail charter brokers to provide exceptional yachting experiences to both new and existing clients.Rebecca spent 22 years with <a data-gid="gid://syiq/Company/336" href="https://sya.superyachttimes.com/news#managed-by-system" target="_blank">Bluewater</a>, learning everything she knows about the industry, and is excited to embark on a new challenge with <a data-gid="gid://syiq/Company/526" href="https://sya.superyachttimes.com/news#managed-by-system" target="_blank">Northrop &amp; Johnson</a>’s European team. As a Charter Manager, one of Rebecca’s favourite aspects of her job is being able to interact with yacht crew, who she holds in high esteem and believes play a crucial role in every successful yacht charter. Her diverse background instilled in her a drive to work hard and aim high, which she brings to her work at <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a>.

Rebecca Cutter joins Northrop and Johnson

Rebecca Cutter has joined Northrop & Johnson as Charter Manager.

Rebecca Cutter joins Northrop and Johnson as Charter Manager

The 57.2-metre <a data-gid="gid://syiq/Company/418" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cammenga (Company)">Cammenga</a> superyacht <a data-gid="gid://syiq/Yacht/431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Meserret II57.2m (187'8&quot;)Cammenga1978">Meserret II</a> has entered the market. Built in 1978, the <a href="http://yacht%20Meserret%20II%20for%20sale" rel="noopener noreferrer" target="_blank" title="">yacht Meserret II for sale</a> is currently located in Istanbul, Turkey.<img src="https://photo-assets.superyachttimes.com/photo/263520/image/large-5eab5baaddd9934193f4351641d4e461.jpg" data-gid="gid://syiq/Photo/263520"><a data-gid="gid://syiq/Yacht/431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Meserret II57.2m (187'8&quot;)Cammenga1978">Meserret II</a> has been meticulously maintained since her delivery, enduring a series of extensive refits and rebuilds in the past two decades. <a data-gid="gid://syiq/Company/11" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Vries Lentsch (Company)">De Vries Lentsch</a> was responsible for her exterior design and naval architecture, while her interior was originally penned by <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> and restyled by Dimitri Koutoukos in 2004.<img src="https://photo-assets.superyachttimes.com/photo/263501/image/large-7e467d520a3865ea8e7a5216157671a4.jpg" data-gid="gid://syiq/Photo/263501"><img src="https://photo-assets.superyachttimes.com/photo/263500/image/large-315bd95fba45dcf3488267fe9abdb6bb.jpg" data-gid="gid://syiq/Photo/263500"><img src="https://photo-assets.superyachttimes.com/photo/263503/image/large-96b1068b83780f03087d90010caf98e6.jpg" data-gid="gid://syiq/Photo/263503"><a data-gid="gid://syiq/Yacht/431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Meserret II57.2m (187'8&quot;)Cammenga1978">Meserret II’s</a> interior is classic and tasteful, offering a large main saloon with sumptuous seating and vibrant decor. The saloon’s walls are covered in artwork and her tables and cabinets feature fun sculptures, bringing life to her interior. Separate to the saloon is a formal dining area that comfortably seats 12 guests. Guests can venture up to the beautiful sky lounge, where they can enjoy evening cocktails at the bar.<img src="https://photo-assets.superyachttimes.com/photo/263505/image/large-c03e27797f05982db56653563903f550.jpg" data-gid="gid://syiq/Photo/263505"><img src="https://photo-assets.superyachttimes.com/photo/263511/image/large-6e2efdfaf2e3b91be4bdb6566f30e13f.jpg" data-gid="gid://syiq/Photo/263511"><img src="https://photo-assets.superyachttimes.com/photo/263512/image/large-51de8e36cb005a7c318b261081de1012.jpg" data-gid="gid://syiq/Photo/263512"><a data-gid="gid://syiq/Yacht/431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Meserret II57.2m (187'8&quot;)Cammenga1978">Meserret II</a> provides flexible accommodation for up to 16 guests across ten luxurious staterooms. The generously-sized master suite benefits from a private study, a dressing room, and a marble bathroom with a spa pool. The <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> also has space to accommodate 19 crew to ensure guests have a comfortable cruising experience.<img src="https://photo-assets.superyachttimes.com/photo/263506/image/large-0bbf37515a0b42eb44aff2358e41c3fb.jpg" data-gid="gid://syiq/Photo/263506"><img src="https://photo-assets.superyachttimes.com/photo/263508/image/large-ac1b528aecc7916aa2c9376b578e502d.jpg" data-gid="gid://syiq/Photo/263508">The <a href="https://www.superyachttimes.com/yachts/cammenga/for-sale" rel="noopener noreferrer" target="_blank" title="">Cammenga yacht for sale</a> offers all the necessary amenities for longer cruises thanks to her extensive outdoor spaces. Guests can dine alfresco at one of the outdoor tables, sunbathe on one of the sunbeds, or wind-down in the Jacuzzi following an intense training session at the gym. <img src="https://photo-assets.superyachttimes.com/photo/263499/image/large-d5da1ba66b58c1e2c427936a64c6fa40.jpg" data-gid="gid://syiq/Photo/263499"><img src="https://photo-assets.superyachttimes.com/photo/263510/image/large-10a9e6c66aefaf804ad016db54a41394.jpg" data-gid="gid://syiq/Photo/263510"><img src="https://photo-assets.superyachttimes.com/photo/263514/image/large-3662207badd077c1a59c6a9d4c798876.jpg" data-gid="gid://syiq/Photo/263514">Performance-wise, the 683 GT <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> is equipped with twin <a data-gid="gid://syiq/Company/1629" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Paxman (Company)">Paxman</a> engines, giving her a top speed of 17 knots and a comfortable cruising speed of 13 knots.&nbsp;

57m Cammenga yacht Meserret II for sale

The 57.2-metre Cammenga superyacht Meserret has entered the market.

57m Cammenga superyacht Meserret II for sale

<a data-gid="gid://syiq/Company/2612" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Otam (Company)">OTAM</a> has sold its seventh bespoke version of its 25.5-metre 80HT model. Prized as the “most extreme and advanced 80-HT yet” thanks to the client's specifications. The sold <a data-gid="gid://syiq/Company/2612" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Otam (Company)">OTAM</a> yacht has an expected delivery in 2025.&nbsp;The owner, who is not just “an expert owner but also has experience as a captain,” supplied the Genoa-based shipyard with customised specifications, including expansive windows to envelope the boat with natural light and a “detailed list of technical and aesthetic requests.”<img src="https://photo-assets.superyachttimes.com/photo/263522/image/large-77da9293d81bfb2529b9c143f8a9323d.jpg" data-gid="gid://syiq/Photo/263522">The custom-built 80HT comprises a hull and deck, which will be laminated in full Kevlar, while the superstructure is constructed from carbon fibre. The result is an exceptionally strong and rigid structure, which is also lightweight for higher performance in terms of top speed and fuel consumption. Although the hull lines by Umberto Tagliavini Marine Design &amp; Services and the twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 2,600 horsepower engines coupled to Arneson drives are unchanged, nearly everything else has been re-engineered according to the experienced owner-specific technical specifications giving her an impressive top speed of 48 knots.<img src="https://photo-assets.superyachttimes.com/photo/263521/image/large-19c50839e7cbb2383f2f7ee5612acbfc.jpg" data-gid="gid://syiq/Photo/263521">“We’re always ready to introduce engineering and design modifications, but I can honestly say that this time we’re looking at the most extreme and advanced 80HT yet,” says Matteo Belardinelli, <a data-gid="gid://syiq/Company/2612" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Otam (Company)">OTAM</a> sales &amp; communication managerOther highlights of this innovative 80HT design include the increased side windows, which will provide additional ventilation and can be opened electronically. This additional design feature is complimented by a one-piece windscreen and reconfigured sliding sky roof.&nbsp;“The client came to us because he wanted to create something unique and exclusive and knew we would do what it takes to not only meet but also exceed his demands,” concluded Belardinelli. “From our point of view, we’re always looking to push our own boundaries, so you could say it’s a relationship made in heaven!”SuperYacht Times will be following the 80HT#007 project.&nbsp;

OTAM sold seventh version of its 80HT

OTAM has sold the most extreme version of its bespoke 80HT model thanks to the owner's customisations and experience as a captain. 

Seventh and “most extreme” custom 25m OTAM 80HT yacht sold

<a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a> formally inaugurated its brand-new 4,300-tonne shiplift, ‘Atlas’, yesterday. A lift strong enough to haul even the largest existing superyacht out of the water. The project has been in the pipe-line for 20 years now, conceived by Patrick Boré, President of La Ciotat shipyards, and has finally come to fruition. <img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/250133/image/large-723f85c81724c5441aad735be643c6fd.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20221123%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20221123T153845Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=44f78f60da253439fb8218d8772ec7c7e71376cf71eb1955d7e96c46d47e6957" data-gid="gid://syiq/Photo/250133">The shipyard invited 350 local institutes and many of those who worked on the project to the ceremony. The platform was officially christened by Martine Vassal, President of Métropole Aix-Marseille-Provence and included representatives from all participating institutions: La Ciotat Shipyards, La Ciotat City Hall, Région Sud, Département des Bouches du Rhône and <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a>.<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/250132/image/large-8fbb2e027ce679144f0755f0032cb161.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20221123%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20221123T153845Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=a397da1bc590f1e071d186230c970c7ee1cd6ef9b1ca368bf6e79be9a9ce84a5" data-gid="gid://syiq/Photo/250132">The <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a> invested €47,500,000 for the new platform, and it has already accommodated eight yachts for a variety of works. <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a> anticipates that the new lift will generate a significant uptick in activities at <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a> which, in turn, will have a positive impact on the local economy.<img src="https://photo-assets.superyachttimes.com/photo/250130/image/large-4675ddb19500a3aafef57afb04884771.jpg" data-gid="gid://syiq/Photo/250130">The shipyard estimates “that <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92</a>’s activity in La Ciotat will be responsible for over 900 full-time employees by 2024 (737 direct and indirect employees for the shipyard, 168 employees for local commerce), an increase of close to 50% from 2021, a large majority of which will be based in La Ciotat.”<img src="https://photo-assets.superyachttimes.com/photo/250126/image/large-6589cef9ab07454240a098d976742f20.jpeg" data-gid="gid://syiq/Photo/250126">Jean-Marc Bolinger, CEO of <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a>, described the inauguration as “a historic moment for our shipyard and for the people of La Ciotat. It’s the beginning of a new era and we are excited to be a part of the continuing development of the site so that it can secure its position as the world’s leading centre for superyacht refit.”<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/250134/image/large-a607705d2ab4de9d5dd5e51c33297a5e.jpeg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20221123%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20221123T153845Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=ab7de78930d440c5359b8842fe5c7e2d9bca117b5944ffa41cbd0af2d949d95f" data-gid="gid://syiq/Photo/250134">Read:&nbsp;<a data-gid="gid://syiq/Article/54923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 interview: Challenging but exciting times for superyacht refit (2022-04-07 10:00:00 +0200)">MB92 interview: Challenging but exciting times for superyacht refit</a>Ben Mennem, CEO of <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a>, added that “<a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 La Ciotat</a> is firmly rooted locally, with deep ties to the sea and a strong maritime heritage. The shipyard plays a central role in developing career opportunities for young talent and works alongside educational establishments to strengthen this link with our traditions and raise the technicity and professionalism of the local workforce.”

MB92 La Ciotat 4,300-tonne shiplift, Atlas

MB92 La Ciotat inaugurated its 4,300-tonne shiplift, ‘Atlas’, yesterday. 

MB92 La Ciotat inaugurates its 4,300-tonne shiplift, Atlas 

<a data-gid="gid://syiq/Company/4790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Seer Marine (Company)">Al Seer Marine</a>, <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a> and <a data-gid="gid://syiq/Company/6707" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="P & O Marinas (Company)">P&amp;O Marinas</a> announce today that they have signed a memorandum of understanding with the view to set up a joint venture to develop the first dedicated superyacht refit and repair facility in Dubai. This new high-capacity shipyard will provide superyacht owners with a customised world class refit service in the Gulf, the first of its kind in the region.<img src="https://photo-assets.superyachttimes.com/photo/243119/image/large-fa47f3fce9a79c3337d666bd4b8d10ad.jpeg" data-gid="gid://syiq/Photo/243119">The shipyard construction is scheduled for completion in 2026, with the joint venture offering its superyacht repair and refit services from next year in 2023, as the start of this strategic plan. <a data-gid="gid://syiq/Company/4790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Seer Marine (Company)">Al Seer Marine</a> has been looking to develop a world class superyacht service centre and refit shipyard in the UAE since 2019 and after discussions with <a data-gid="gid://syiq/Company/6707" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="P & O Marinas (Company)">P&amp;O Marinas</a> in Dubai, found the perfect strategic partner to realise the project. Now with <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a> as the third partner and the chosen operator of the shipyard, this new facility will deliver the unrivalled quality of service the customers in the region need.<img src="https://photo-assets.superyachttimes.com/photo/26092/image/large-c8c7b3a0f880a17bfd80ae6514ced70e.jpg" data-gid="gid://syiq/Photo/26092"> Gunther Alvarado, Chief Operating Officer of <a data-gid="gid://syiq/Company/4790" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Seer Marine (Company)">Al Seer Marine</a> said, “Leading this powerful partnership is part of Al Seer Marine’s overall investment strategy and vision for the Gulf Region, with some of the most complex superyachts owned and operated in the region, we will have a world class facility with leading suppliers and subcontractors, that will serve their requirements.” Hamza Mustafa, Chief Operating Officer of <a data-gid="gid://syiq/Company/6707" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="P & O Marinas (Company)">P&amp;O Marinas</a>, a DP World company said: “The UAE is the ideal location to service the Gulf region’s growing number of superyacht owners. Dubai has developed its reputation over the years as a top destination for luxury yachting with the creation of several high-end marinas. We already look after some of the most exclusive and advanced yachts at <a data-gid="gid://syiq/Company/5856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mina Rashid Marina (Company)">Mina Rashid Marina</a>. With the development of a new service centre and refit shipyard, the UAE and Dubai’s offering as a hub for yacht owners will be even more attractive.”<img src="https://photo-assets.superyachttimes.com/photo/243120/image/large-d95d1f0fef7490132327ea93241cc6b7.jpeg" data-gid="gid://syiq/Photo/243120"> Jean-Marc Bolinger, CEO of <a data-gid="gid://syiq/Company/547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 La Ciotat (Company)">MB92 Group</a>, added, “Creating a world-class refit shipyard from scratch, in the dynamic hub of Dubai and the Gulf, represents a very exciting and unique opportunity for our Group, which has been on our strategic agenda for several years. It will enable us to expand the foot print of our first-class facilities and provide our clients in the region with the same level of service and support the receive and expect in Barcelona and La Ciotat. We look forward to presenting the details of this exciting joint venture to our key stakeholders in the coming months.”All three companies will be in attendance at the Gulf Superyacht Summit on the 9th and 10th of November, which is hosted by SuperYacht Times. You can find more information about the summit here: <a href="https://www.gulfsuperyachtsummit.com/" rel="noopener noreferrer" target="_blank" title="">www.gulfsuperyachtsummit.com</a>

Superyacht service centre and refit shipyard

Al Seer Marine, MB92 and P&O Marinas to create superyacht service centre and refit shipyard in Gulf region.

Al Seer Marine, MB92 and P&O Marinas to create superyacht service centre and refit shipyard in Dubai

France

Ideally located in the South of France, MB92 La Ciotat is an award-winning shipyard delivering world-class yacht refits, maintenance, paint works and complex rebuilds. Since its inception in 1998, MB92 La Ciotat has delivered over 1000 projects, managed refits for over 25% of the world’s superyacht fleet (over 85m) and forged an international reputation for exceptional service, technical knowledge and timely deliveries. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;MB92 La Ciotat is part of the MB92 Group, that composes two major refit shipyards in the Mediterranean: MB92 Barcelona &amp; MB92 La Ciotat &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Serving over 1,600m of berthing and 12,000m2 dry dock space, the MB92 La Ciotat facilities include: &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;̵ &nbsp;200m long x 60m wide dry dock &nbsp; &nbsp; &nbsp; &nbsp;̵ &nbsp;Gantry Cranes (250t and 600t crane). &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;̵ &nbsp;2,000t Rexroth Yacht Lift &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;̵ &nbsp;14,000m2 on the hard for up to 14 yachts &nbsp; &nbsp;&nbsp;̵ &nbsp;4 slots on the hard for vessels up to 85m &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;̵ &nbsp;Crane options ranging from 25-600 tons &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;̵ &nbsp;300 ton powered trailer &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;̵ &nbsp;300 ton Travelift &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;̵ &nbsp;50m Paint Cabin &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;̵ &nbsp;Helipad &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;̵ &nbsp;Crew facilities including on-site gym and crew lounge &nbsp;̵ &nbsp;4,300-tonne shiplift: 6 places for yachts up to 115m̵&nbsp; 1.5 Km of quay space for in-water worksMB92 La Ciotat’s international team of over 120 professionals, supported by an extensive network of local and international industry specialists, have a combined yachting and refit experience and are totally dedicated to satisfying any client needs.<iframe width="640" height="360" src="https://player.vimeo.com/video/315699817" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;

Mergers & Acquisitions

Squircle Capital now 93% shareholder of MB92 Group