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/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">International Marine Management</a> (IMM) has announced the acquisition of <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">Atlantic Refit Center</a> (ARC) in La Rochelle, France. The shipyard is dedicated to the refit and repair of superyachts up to 150 metres in length.<img src="https://photo-assets.superyachttimes.com/photo/395123/image/large-b4dd49b5ee58da2c0bddbdcd499e313b.png" data-gid="gid://syiq/Photo/395123">With 130 in-house employees, <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> operates across key Caribbean hubs including Puerto Rico, St Maarten, Guadeloupe and Grenada. The acquisition marks the company’s expansion into Europe, combining <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM’s</a> refit expertise with <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC’s</a> established facility and infrastructure.“Returning to Europe is a defining step for <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a>,” said <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> CEO Norina Edelman. “Marrying the strength of <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC’s</a> existing infrastructure with <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM's</a> spirit and values will create a unique client experience in terms of flexibility, quality and transparency. We are excited to operate a European shipyard that will allow us to give every client a bespoke experience.”<a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC</a> brings more than 20 years of experience, including projects such as the conversion of the 71.4-metre <a data-gid="gid://syiq/Yacht/4954" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enigma XK71.4m (234'3&quot;)Richards Shipbuilders1988">Enigma XK</a>. Its location in La Rochelle is considered highly strategic, offering direct 24/7 access via the only deep-sea port on the French Atlantic coast.The facility provides extensive infrastructure for large-scale refit and conversion projects, including an 11-metre draft capability and a fully secured ISPS-compliant area. It features two dry docks (176-metres and-107 metres), a 250-tonne travel lift, cranes of up to 150 tonnes, 300-metres of afloat repair quays, and 2,000-square-metres of hard-standing space.<a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> Founder and COO Fabrice Maitre has more than 40 years of experience in yacht refit and repair, with projects including <a data-gid="gid://syiq/Yacht/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Octopus126.2m (414'1&quot;)Lürssen Yachts2003">Octopus</a>, <a data-gid="gid://syiq/Yacht/442" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Skat70.7m (231'11&quot;)Lürssen Yachts2002">Skat</a>, and <a data-gid="gid://syiq/Yacht/208" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kogo71.71m (235'3&quot;)Alstom (Aker Yards)2006">Kogo</a>. In 2007, he oversaw the extensive refit of Tatoosh in La Rochelle. This project was regarded as a milestone for the town’s emergence within the superyacht refit industry, according to <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a>.<img src="https://photo-assets.superyachttimes.com/photo/395122/image/large-ae50f768748608ce23d4bd3776773ae6.png" data-gid="gid://syiq/Photo/395122">“In many ways, this expansion is a full-circle moment,” explained Fabrice Maitre. “France is where my career began, and the Tatoosh refit in La Rochelle was a significant step in both my career and superyacht refit generally. Establishing <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM’s</a> presence here, with such a capable facility, allows us to bring our experience, standards, and approach back to a market we know deeply.”<a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> positions itself as offering a boutique experience for every vessel. The company states that its team will oversee shipyard operations to ensure projects are delivered on schedule and to the highest standards of quality. Each client will benefit from robust planning, transparent workflows, and stringent quality control systems.“At <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC</a>, the entire shipyard is prepared and optimized for each client and refit project. Having a rich network of local contractors, as well as easy connectivity to Central Europe makes <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC</a> particularly attractive, especially for yachts over 5,000 tonnes, for whom haul-out options on the market are very limited, especially in shipyards specializing in superyacht refit,” commented <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> Global Director Víctor Pérez<a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC’s</a> outgoing President and Co-Founder Stephane Marcelli will remain involved in the company’s operations. He concluded: “The integration of <a data-gid="gid://syiq/Company/1768" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Atlantic Refit Center (Company)">ARC</a> into the <a data-gid="gid://syiq/Company/2256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="International Marine Management - IMM Yachting (Company)">IMM</a> group brings exactly the kind of expertise and momentum the French Atlantic superyacht sector needs to further strengthen its position internationally."

International Marine Management acquires Atlantic Refit Center

 International Marine Management (IMM) has announced the acquisition of Atlantic Refit Center (ARC) in La Rochelle, France.

Lai Sun Development Company Limited is selling an initial 80 percent stake in leading superyacht services provider <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons International</a>, in a transaction valuing the business at €50 million.<img src="https://photo-assets.superyachttimes.com/photo/395214/image/large-c14a422e2246a71de936781ef03d2690.jpg" data-gid="gid://syiq/Photo/395214">The agreement, signed on 28 May 2026, sees the Hong Kong-listed group divest its majority interest for an initial consideration of €40 million, subject to customary post-completion adjustments. The valuation is based on approximately 12 times FY2025 EBITDA, with management EBITDA reported at around €4.1 million.<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons International</a>is a long-established player in the global superyacht industry, offering a full range of services including yacht and charter brokerage, yacht and charter management, new build and design supervision, insurance services, corporate support, and crew placement.The company's CEO Paolo Casani commented on this agreement: "<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> welcomes this investment as an important milestone in the company’s continued &nbsp;growth. The transaction reflects strong confidence in the brand, its global platform, and the expertise &nbsp;of its team. Working alongside our existing shareholders, Lai Sun Group, we look forward to this next &nbsp;chapter and to continuing to build on our strong foundations."The buyer, Wave Expandary Limited, will acquire the stake with a guarantee provided by Sea Expandary Limited. The seller retains the remaining interest in the business under a structured shareholders’ arrangement governing future ownership.Sea Expandary Limited is ultimately linked to a newly established yacht-focused industrial platform in China. The group is associated with an initiative led by JD.com founder Richard Liu Qiangdong. In February 2026, he announced the launch of an independent yacht brand under the “Sea Expandary” name, backed by an investment of approximately USD 700 million.Read: <a data-gid="gid://syiq/Article/65463" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JD.com founder Richard Liu invests $700M to establish Sea Expandary yacht brand in China (2026-02-25 10:45:00 +0100)">JD.com founder Richard Liu invests $700M to establish Sea Expandary yacht brand in China</a>The venture is understood to span R&amp;D, manufacturing, sales, brokerage and after-sales services, with a focus on new-energy propulsion systems and broader yacht industry development in the Guangdong-Hong Kong-Macao Greater Bay Area."The company will continue to operate without disruption, maintaining full continuity across its &nbsp;leadership and suite of yachting services. Clients and partners can expect the same high standards of &nbsp;service and commitment that have long defined <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a>," Paolo added.As part of the agreement, both parties have agreed put and call options over the remaining stake, exercisable from 31 December 2027. Each option is estimated at €9.135 million and is linked to the original transaction valuation.For the financial year ended 2025, <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons (Company)">Camper &amp; Nicholsons</a> generated revenue of HK$270.7 million and recorded a net profit after tax of HK$13.1 million. Upon completion, Lai Sun expects to recognise a gain of approximately HK$91-92 million, and the business will be deconsolidated from the group’s accounts.&nbsp;Completion remains subject to customary conditions, including shareholder approvals and regulatory clearances, with a long stop date set at 30 September 2026. Lai Sun said the disposal is part of its strategy to streamline its portfolio, improve liquidity, and support working capital and debt repayment objectives."Looking ahead, this development supports the company’s long-term strategic direction, enabling &nbsp;further investment in its capabilities and strengthening its position as a leading global yachting &nbsp;business," concluded Paolo.

Wave Expandary Limited acquires Camper & Nicholsons

Lai Sun Development Company Limited is selling an initial 80 percent stake in Camper & Nicholsons International.


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Camper & Nicholsons to be sold in €50M deal to Chinese billionaire-linked venture

Online marine marketplace <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a> has completed the acquisition of marine, service and storage company, Apex Marine Group.<img src="https://photo-assets.superyachttimes.com/photo/393587/image/large-77d79f43d3f87b5a5a2311f82a62aa95.png" data-gid="gid://syiq/Photo/393587">The acquisition was <a data-gid="gid://syiq/Article/65451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts to acquire Apex Marine Group (2026-02-24 14:00:00 +0100)">first announced in February 2026</a>, with the deal valued at $5.5 million, with $1.83 million in cash, approximately 670,000 shares valued at $2.70 and a $1.83 million secured seller note at six percent due in three years.Located in South Florida, the Apex facilities include four prime storage and service locations, haul-out capability up to 150 metric tons and vessels up to 40 metres, and comprehensive in-house service teams for repair, refit and refurbishment.“The integration of these capabilities is already generating millions of dollars in annual cost savings by reducing third-party service dependencies, lowering transportation costs, accelerating turnaround times, and delivering higher-quality refurbishments,” said Brian John, CEO of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/386344/image/large-a0334d742061ce908dacbd406c529d7b.jpg" data-gid="gid://syiq/Photo/386344">“This centralised approach allows us to standardise refurbishment quality, reduce cycle times from acquisition to resale, and scale inventory without proportional overhead increases.”Founded in 2012, <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a> is an online marine marketplace for pre-owned boats, with an integrated ecosystem that includes <a data-gid="gid://syiq/Company/8384" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Autograph Yacht Group (Company)">Autograph Yacht Group</a>, Azure Funding and proprietary lead-generation platforms.“This acquisition is fundamentally about operational dominance through infrastructure,” concluded Jason Ruegg, Founder of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales (Company)">Off The Hook Yachts</a>. “Facilities like these are unique in South Florida. Bringing service, storage and hauling in-house is a game changer for our efficiency, margins and ability to scale.”

Off the Hook Yachts completes Apex Marine Group acquisition

Off The Hook Yachts has completed the acquisition of marine, service and storage company, Apex Marine Group.

Off The Hook Yachts completes acquisition of Apex Marine Group

German defence group Rheinmetall has submitted a non-binding bid to acquire <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">German Naval Yards Kiel (GNYK)</a>.<img src="https://photo-assets.superyachttimes.com/photo/119735/image/large-acfb0b7bab0c6365f9f60566481d2088.jpg" data-gid="gid://syiq/Photo/119735">The bid was disclosed as part of Rheinmetall’s first-quarter financial results on 7 May 2026, although it did not reveal the value of the offer. During the conference call, Rheinmetall CEO and Chairman of the Executive Board Armin Papperger, explained that the company had made a non-binding offer to acquire <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a>.“We have now started a due diligence, and we expect over the next weeks that we will have a result about that so that we can give a binding offer also to enlarge our capacities in shipyards.”<a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> is part of CMN Naval Group, the family-owned French shipbuilder active in both naval and yacht construction. In January 2026, German defence and shipbuilding group<a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">&nbsp;Thyssenkrupp Marine Systems (TKMS)</a> also submitted a non-binding bid to acquire GNYK.Read:&nbsp;<a data-gid="gid://syiq/Article/65176" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TKMS submits non-binding bid for German Naval Yards (2026-01-16 15:00:00 +0100)">TKMS submits non-binding bid for German Naval Yards</a><img src="https://photo-assets.superyachttimes.com/photo/119742/image/large-8d47deb0b2710a78c1048265db2b1b5a.jpg" data-gid="gid://syiq/Photo/119742"><a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">TKMS</a> confirmed to SuperYacht Times that it was still in negotiations to acquire the company. In a statement to SYT, the company said: “<a data-gid="gid://syiq/Company/1137" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ThyssenKrupp Marine Systems (Company)">TKMS</a> has submitted a non-binding offer to <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">German Naval Yards (GNYK)</a>. Discussions between our two companies are continuing with an open outcome.”<a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> reportedly employs around 400 people directly and in October 2025, the contract for the construction of the 114.1-metre superyacht <a data-gid="gid://syiq/Article/64446" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards signs contract to complete 114m in-build Project ELF superyacht (2025-10-08 13:30:00 +0200)">Project ELF</a> was signed, with the yard unveiling the 93-metre superyacht concept, <a data-gid="gid://syiq/Article/64988" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards unveils new 93m yacht concept Project KOA (2025-12-16 14:45:00 +0100)">Project KOA</a> in December 2025.Read: <a data-gid="gid://syiq/Article/64446" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards signs contract to complete 114m in-build Project ELF superyacht (2025-10-08 13:30:00 +0200)">German Naval Yards signs contract to complete 114m in-build Project ELF superyacht</a><img src="https://photo-assets.superyachttimes.com/photo/374090/image/large-176e4c6ae9d16a2aefdd17a353aad349.jpg" data-gid="gid://syiq/Photo/374090">In March 2026, <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> also unveiled that they had signed for the hull and superstructure construction of a new <a data-gid="gid://syiq/Article/65656" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards to build hull of +100m Abeking & Rasmussen superyacht (2026-03-18 10:00:00 +0100)">+100-metre superyacht</a> built for <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a>. Very few details have been announced about the build, which has an estimated completion date of 2030.SuperYacht Times reached out to Rheinmetall and <a data-gid="gid://syiq/Company/8417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="German Naval Yards (Company)">GNYK</a> for further details on the proposed acquisition, with both declining to comment. We will update this article as the story develops.

Rheinmetall submits non-binding bid for German Naval Yards

German defence group Rheinmetall has submitted a non-binding bid to acquire German Naval Yards Kiel (GNYK).

According to Reuters, US-based boating and yacht retailer <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> is reportedly preparing for a potential sale of the company. <img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">Three sources told Reuters that one potential buyer had raised its offer and one prominent private equity firm was conducting due diligence. Two of the sources also confirmed that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s board of directors agreed last month to move forward with a sale process, advancing discussions into a second round.The decision comes around six months after investment firm Donerail Group began urging the company to consider either a sale, or changes to its leadership structure. Donerail currently owns a five percent stake in <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> and according to two sources, the company has increased its initial offer, which originally valued the company at close to $1 billion.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/65294" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Donerail makes $1 billion offer to acquire MarineMax (2026-02-03 12:30:00 +0100)">Donerail makes $1 billion offer to acquire MarineMax</a><img src="https://photo-assets.superyachttimes.com/photo/265730/image/large-3fda6f192a71e4f552e121164e407ea4.jpg" data-gid="gid://syiq/Photo/265730">Private equity firm Blackstone has also reportedly expressed interest in the business and is said to be conducting due diligence. Blackstone has existing investments in marinas and yacht-related infrastructure. Reuters previously reported that other parties, including Blue Compass, Island Capital Group and TPG, had also shown interest in a potential acquisition.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> is reportedly working with Wells Fargo on the sale process, while Donerail and its investment partners have retained Jefferies as advisers.Read:&nbsp;<a data-gid="gid://syiq/Article/65477" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax attracts further acquisition interest following $1B Donerail offer (2026-02-26 14:45:00 +0100)">MarineMax attracts further acquisition interest following $1B Donerail offer</a><img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-54496f786fc04228218fba51ab6acb9e.jpg" data-gid="gid://syiq/Photo/265731">The company’s share price has risen approximately 30 percent since the beginning of the year as investor pressure for a sale intensified. However, over the past five years, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> shares have declined by more than 50 percent.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, headquartered in Clearwater, operates 65 marinas and storage facilities alongside 70 dealerships across the United States. The company also has a presence in the superyacht sector, with a portfolio of yachts for sale listed through its brokerage operations.Neither <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> nor Donerail commented on the statements from Reuters, while Blackstone declined to comment. Reuters also noted that, despite progress in the process, there is no certainty that a transaction will ultimately be completed.

MarineMax explores potential sale as Donerail raises its bid

US-based boating and yacht retailer MarineMax is reportedly preparing for a potential sale of the company.

<a data-gid="gid://syiq/Company/6525" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Swisspath Yachting (Company)">Swisspath Yachting</a> and <a data-gid="gid://syiq/Company/6136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tag Yachting (Company)">TAG Yachting</a> have announced a merger to form Swisspath | TAG Yachting, a new fully integrated yacht services group offering charter, management and sales services.<img src="https://photo-assets.superyachttimes.com/photo/393091/image/large-e961e6e5065594495a29a652526c0e54.jpg" data-gid="gid://syiq/Photo/393091">The newly formed company will operate under the ownership of an independent Swiss multi-family office founded by Alessandro Lardi. The merger is intended to create a more streamlined approach to yacht ownership and client services, with a focus on discretion, long-term relationships and tailored support for ultra-high-net-worth individuals.“Owning a yacht is not a single transaction; it's an evolving journey,” explained Phill Gregory, Managing Partner at <a data-gid="gid://syiq/Company/6136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tag Yachting (Company)">TAG Yachting</a>. “What this merger allows us to do is support clients at every stage, from first charter through to ownership, management and eventual sale, without fragmentation or compromise.”Swisspath | TAG Yachting’s flagship base will be located at the renovated Club de Mar in Palma de Mallorca. The group will also maintain registered offices in London and Zurich, alongside operational teams in Singapore and Hong Kong.Combined, the businesses bring together around 50 years of industry experience across yacht management, charter and brokerage services. The group stated that its operations span the Mediterranean, Caribbean, Americas and Asia-Pacific regions, with a client base of approximately 200 ultra-high-net-worth individuals.<img src="https://photo-assets.superyachttimes.com/photo/393092/image/large-71d187489194227ea7b72711a39a3314.jpg" data-gid="gid://syiq/Photo/393092">“We spoke to a number of potential partners before finding <a data-gid="gid://syiq/Company/6136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tag Yachting (Company)">TAG</a>, and what became clear quickly is how rarely values truly align,” commented James Thomas-Green, Director of Yacht Management at <a data-gid="gid://syiq/Company/6525" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Swisspath Yachting (Company)">Swisspath Yachting</a>.“Discretion, long-term thinking, relationships before transactions, these are easy things to say and harder things to live by. With Phill and the <a data-gid="gid://syiq/Company/6136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tag Yachting (Company)">TAG</a> team, there was nothing to negotiate on the things that matter. That's rarer than it should be.”The merger also expands the company’s ability to provide what it describes as a “360 service”, allowing clients to move between charter, ownership, management and sales services within a single organisation.As part of its next phase of development, Swisspath | TAG Yachting has also appointed Vicky Gale as Head of Marketing. The company stated that her role will focus on strengthening the brand through data-driven marketing, digital development and storytelling initiatives ahead of the Mediterranean season and upcoming yacht shows.

Swisspath Yachting and TAG Yachting merge

Swisspath Yachting and TAG Yachting have announced a merger to form Swisspath | TAG Yachting.

Swisspath Yachting and TAG Yachting merge to form integrated yacht services group

<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 establishment of Next Yacht Spain, a new company aimed at expanding its regional presence and market development, in collaboration with <a data-gid="gid://syiq/Company/5304" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Smart Yachting (Company)">Smart Yachting</a>. <img src="https://photo-assets.superyachttimes.com/photo/383873/image/large-4f8741f8f69522c6a06998d43657bec1.jpg" data-gid="gid://syiq/Photo/383873">The initiative is part of the Group’s broader strategy and is aimed at building an international sales network that is aligned with the positioning of its brands. Founded in 2021, <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> includes the brands <a data-gid="gid://syiq/Company/536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maiora (Company)">Maiora</a> and <a data-gid="gid://syiq/Company/1205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AB Yachts (Company)">AB Yachts</a> and is part of the the strategic vision of GB Invest Holding AG.“The partnership will enable the Group to further strengthen its presence in one of the most important global hubs for yachts over 24 metres,” explained Giorgio Mattei, Deputy Chairman of <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>. “The launch of Next Yacht Spain is a fundamental step in this direction and significantly strengthens our presence in such an important market.”<img src="https://photo-assets.superyachttimes.com/photo/383870/image/large-50b1b3ce0c7a54190e916bf124d95d97.jpg" data-gid="gid://syiq/Photo/383870">Founded in 2008, Smart Yachting offers a comprehensive range of services in Spain and the Balearic Islands, including yacht management services, new yacht sales and after-sales support. &nbsp;“We’re proud to represent AB Yachts and Maiora in Spain,” added Charlie Veale, CEO of <a data-gid="gid://syiq/Company/5304" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Smart Yachting (Company)">Smart Yachting</a>. “This partnership aligns perfectly with our vision, offering clients something truly distinctive, backed by a complete ownership experience. With our infrastructure and technical capabilities across Spain, we’re well placed to support owners at every stage.”<img src="https://photo-assets.superyachttimes.com/photo/392158/image/large-49b1fd905895500ed2afbbf274f0d4f4.png" data-gid="gid://syiq/Photo/392158">

Next Yacht Spain established

Next Yacht Group has announced the establishment of Next Yacht Spain, in collaboration with Smart Yachting.

Next Yacht Group establishes Next Yacht Spain in partnership with Smart Yachting

<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche (CdM)</a> has announced that CLP2 has completed its transition to become the majority shareholder of the company, as FIL Bros exits as part of the planned acquisition.In October 2025, it was announced that the holding company of Giovanni Cagnoli (through Carisma) and the Loro Piana family had acquired a majority stake in the shipyard. Before CLP2’s acquisition, FIL Bros Family Office had acquired a 75 percent stake during a management buyout in 2022, led by the <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> yacht <a data-gid="gid://syiq/Yacht/10470" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lt. Pete Maverick Mitchell44.33m (145'5&quot;)Cantiere delle Marche (CdM)2024">Lt. Pete Maverick Mitchell</a>'s owner Tom Schröder.Read: <a data-gid="gid://syiq/Article/64536" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CLP2 becomes new majority shareholder of Cantiere delle Marche (2025-10-17 09:00:00 +0200)">CLP2 becomes new majority shareholder of Cantiere delle Marche</a><img src="https://photo-assets.superyachttimes.com/photo/247252/image/large-2fbfbe4b9d5054afb10be5d60abc74bb.jpg" data-gid="gid://syiq/Photo/247252">The final portion of shares from FIL Bros have now been acquired by CLP2, marking the full exit of FIL Bros and Tom Schröder from the share capital of <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a>. CLP2 now holds the majority stake, while Vasco Buonpensiere and Ennio Cecchini retain their minority shareholding positions alongside their executive roles.“<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> wishes to express its genuine appreciation to Tom Schröder and the entire FIL Bros team for their years of partnership,” explained <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a>. “Their confidence in the yard, the freedom they extended to the management team, and their constant and constructive support were instrumental in allowing <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> to grow and consolidate its position as one of the world’s most respected builders of explorer and displacement yachts.”Exclusive interview: <a data-gid="gid://syiq/Article/59568" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exclusive interview: Tom Schröder on CdM and his new 44m superyacht Maverick (2024-01-24 14:00:00 +0100)">Tom Schröder on CdM and his new 44m superyacht Maverick</a><img src="https://photo-assets.superyachttimes.com/photo/337241/image/large-5b4bc88d00900d35a6d01d2c4b3f8991.jpg" data-gid="gid://syiq/Photo/337241">CLP2 has now confirmed its commitment to a four-year business plan currently underway. The transaction was advised by Poggi e Associati, led by Emanuele Gnugnoli, with contribution by Tommaso Sacchi, Marella Lavarone and Massimo Castiglioni.

CLP2 completes acquisition of CdM as FIL Bros exits

Cantiere delle Marche has announced that CLP2 has completed its transition to become the majority shareholder of the company, as FIL Bros exits.

CLP2 completes acquisition of Cantiere delle Marche as FIL Bros exits

Nautical interiors company <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> has been acquired by maritime entrepreneur and owner of <a data-gid="gid://syiq/Company/293" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Shipyard (Company)">Mulder Shipyard</a>, Nick Mulder, from 17 April 2026. <img src="https://photo-assets.superyachttimes.com/photo/391744/image/large-7e7d7e36a4360266a0ef72e3d6d009b2.jpg" data-gid="gid://syiq/Photo/391744">Based in Zwaagdijk, the Netherlands, <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> specialises in the production of high-end seating, lounge and sleeping solutions for the nautical sector. All activities will continue under the <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> name, with the acquisition further strengthening the organisation.&nbsp;The day-to-day management of <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> will be handled by Matthijs Jonker, while Martin Mast will also remain with the organisation. <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> is known for its bespoke products including mattresses, cushions and lounge sofas which are produced for both the leisure boating and superyacht industries.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/58047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The overlooked element: Why mattresses are the key to comfort and satisfaction (2023-07-14 15:30:00 +0200)">The overlooked element: Why mattresses are the key to comfort and satisfaction</a><img src="https://photo-assets.superyachttimes.com/photo/277034/image/large-99db94546f1ab89887c7d6fdc2be739a.jpg" data-gid="gid://syiq/Photo/277034">The current owner, Marcel Botman will take a step back, with Mulder continuing operations of the company. <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> has been a trusted partner for various yacht shipyards over the years, including <a data-gid="gid://syiq/Company/293" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mulder Shipyard (Company)">Mulder Shipyard</a>.&nbsp;“It was essential for me that <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> would be in good hands,” explained Marcel Botman. “With Mulder, I have full confidence that the company, the team and our clients will be continued and further developed in the right way.”“<a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> is a strong and respected company within the nautical sector,” added Nick Mulder. “It is precisely the combination of craftsmanship, quality and the close-knit team that makes it special. The strength of <a data-gid="gid://syiq/Company/7072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neptune (Company)">Neptune</a> will be fully preserved, where we will provide targeted support in further growth and development.”

Nick Mulder acquires nautical interiors specialist Neptune

Nautical interiors company Neptune has been acquired by maritime entrepreneur and owner of Mulder Shipyard, Nick Mulder, from 17 April 2026.

Mulder Shipyard owner Nick Mulder acquires nautical interiors specialist Neptune

<a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Groupe Beneteau</a> and <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot Group</a> have announced the launch of E-Lektra Marine, a joint venture dedicated to electric propulsion and intelligent onboard energy management.<img src="https://photo-assets.superyachttimes.com/photo/391727/image/large-ee5cfd9d29046e8c401e59fb5c813a91.jpg" data-gid="gid://syiq/Photo/391727">The 50/50 venture brings together the seven sailing brands; <a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Beneteau</a>, Jenneau, <a data-gid="gid://syiq/Company/6072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lagoon Yachts (Company)">Lagoon</a>, Excess, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Sailing Catamarans, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Yachts and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a>, which operate under the two brands, allowing them to combine their capabilities in the electrification and energy management of sailboats.&nbsp;“With E-Lektra Marine, two major players in the sailing industry are joining forces in an unprecedented alliance to accelerate the electrification of sailing,” explained Bruno Thivoyon, Chief Executive Officer of <a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Groupe Beneteau</a>. By combining our industrial expertise, we aim to establish open standards and make low-emission solutions simpler, more accessible and scalable.”By pooling the volumes of seven brands, representing 60 percent of the global market, E-Lektra Marine aims to structure an open global standard at the scale of the sailing market, with a shared objective to electrify 10 to 15 percent of the global sailing market by 2030.<img src="https://photo-assets.superyachttimes.com/photo/336108/image/large-030539c248d560fb467ce7d5ce4321c0.png" data-gid="gid://syiq/Photo/336108">To do this, their mission is to design and deploy an onboard system that is competitive with internal combustion solutions and capable of orchestrating all onboard energy flows in real time.E-Lektra Marine will rely on a group of strategic partners including Alternatives Energies which specialises in electric systems integration, Cirtem who are an expert in energy conversion and management, and EVE System which are specialists in battery pack design, as well as on the expertise of both groups.&nbsp;E-Lektra Marine aims to provide electrification solutions adapted to all sailboat sizes from nine to 24 metres, as well as optimised onboard energy management between solar, engine, generator, comfort equipment and power connection. <img src="https://photo-assets.superyachttimes.com/photo/336107/image/large-f02462c05e0db41df859de5fb3ad6312.png" data-gid="gid://syiq/Photo/336107">They also hope to offer real-time monitoring of consumption through a display, alongside continuous improvements to the solutions offered to boaters and a refit option that enables current owners to switch to electric. “After several years of deployment, Alternatives Energies has demonstrated that scalable solutions do exist,” concluded Mathieu Fountaine, Deputy Chief Executive Officer of <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a>.“The E-Lektra Marine joint venture with Groupe Beneteau shows that our industry can mobilise around shared environmental objectives. Today, electrification is becoming essential; it must now be made accessible across the entire sailing market.”

E-Lektra Marine: Groupe Beneteau and Fountaine Pajot Group

Groupe Beneteau and Fountaine Pajot Group have announced the launch of E-Lektra Marine.

E-Lektra Marine: Seven sailing brands unite to accelerate electric propulsion solutions

<a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a> has unveiled the interior concept for its 33-metre explorer yacht <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> 110, developed in collaboration with <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a>. The reveal offers a first look inside the model, with the first hull currently under construction.<img src="https://photo-assets.superyachttimes.com/photo/372249/image/large-9ffc2bdc420009249ec1e58cf2df10ec.jpg" data-gid="gid://syiq/Photo/372249">Conceived as a crossover yacht, the <a data-gid="gid://syiq/Yacht/16391" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering 110/0133.3m (109'3&quot;)Bering Yachts2027">Bering 110</a> aims to combine explorer yacht capabilities with the volume and comfort more commonly associated with larger vessels. While her steel hull and projected range of more than 5,000 nautical miles highlight her exploration credentials, her interior design takes a more restrained direction.<img src="https://photo-assets.superyachttimes.com/photo/396259/image/large-f625f19ab89d937510477f384352590f.jpg" data-gid="gid://syiq/Photo/396259"><img src="https://photo-assets.superyachttimes.com/photo/396260/image/large-a2b92ec224adb00b9d7dd82abc89d6e7.jpg" data-gid="gid://syiq/Photo/396260">According to <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a>, the model’s interiors draw inspiration from Far Eastern principles of simplicity, balance and precision. The main saloon has been conceived as a continuous living space where the lounge, dining area and window seating flow naturally into one another. <img src="https://photo-assets.superyachttimes.com/photo/396261/image/large-cc4e5a6cd3ef0e8648071aa84ed8aa4c.jpg" data-gid="gid://syiq/Photo/396261">Warm wood panelling, soft neutral tones, raw marble surfaces and placed burgundy accents are meticulously layered, while a curved sofa serves as the focal point of the lounge. <img src="https://photo-assets.superyachttimes.com/photo/396263/image/large-0399d48b166deffd4f40f4913f613896.jpg" data-gid="gid://syiq/Photo/396263">Moreover, textured stone and bronze-toned detailing are combined with carefully layered lighting, while a sculptural staircase frames her darker finishes.<img src="https://photo-assets.superyachttimes.com/photo/396262/image/large-ce40fe1687e59360a3005f217a6e43f4.jpg" data-gid="gid://syiq/Photo/396262" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);"><img src="https://photo-assets.superyachttimes.com/photo/396270/image/large-ad0ab9b178534091e4385f873d3d1d9c.jpg" data-gid="gid://syiq/Photo/396270">Full-height wooden windows let in abundant natural light and the surrounding sea views. Cana Gokhan of <a data-gid="gid://syiq/Company/4720" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Red Yacht Design (Company)">Red Yacht Design</a> further remarks,“The details are clean and deliberate, with subtle nods to the discipline of calligraphy.” <img src="https://photo-assets.superyachttimes.com/photo/396266/image/large-e4501624263e2141f062a608fa7b3791.jpg" data-gid="gid://syiq/Photo/396266">Her interiors are imagined as a space where guests can genuinely unwind. Rather than displaying traditional superyacht opulence, the yacht’s design prioritises stillness, comfort and liveability.<img src="https://photo-assets.superyachttimes.com/photo/396267/image/large-b4c50c8988ec45e5ee044bbec49a62ac.jpg" data-gid="gid://syiq/Photo/396267" 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/396264/image/large-8b953afd3227d4243379a0203dd395a2.jpg" data-gid="gid://syiq/Photo/396264">The layout remains closely aligned with <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a>'s explorer identity. Her asymmetrical main saloon benefits from generous width and circulation. The owner's suite, additional guest accommodations and crew areas have been configured for extended stays onboard.<img src="https://photo-assets.superyachttimes.com/photo/396269/image/large-0acb9673d1b760945dfd2d9b0b56ca8f.jpg" data-gid="gid://syiq/Photo/396269" 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;">&nbsp;Dedicated storage with ample space for necessary supplies and equipment have also been incorporated to support long-range cruising and self-sufficiency at sea.<img src="https://photo-assets.superyachttimes.com/photo/396268/image/large-ab189de88814a2399080943d53faafd3.jpg" data-gid="gid://syiq/Photo/396268" 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/396265/image/large-9161f81cc4dbee429d677289fd44aba4.jpg" data-gid="gid://syiq/Photo/396265">The <a data-gid="gid://syiq/Yacht/16391" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering 110/0133.3m (109'3&quot;)Bering Yachts2027">Bering 110</a> forms part of the shipyard's growing Superyacht Division, with additional interior details expected to be revealed as the project progresses. According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>,<a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">&nbsp;Bering</a> has several yachts in-build including the 49.68-metre Bering 165 yacht, and the first hull of <a data-gid="gid://syiq/Yacht/16391" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering 110/0133.3m (109'3&quot;)Bering Yachts2027">Bering 110</a>.&nbsp;

 Bering unveils interior concept for in-build 33m explorer yacht Bering 110

Bering has unveiled the interior concept for its in-build 33-metre explorer yacht Bering 110, developed in collaboration with Red Yacht Design. 


<a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA Yachts</a> has announced that the keel of the third 43.7-metre <a data-gid="gid://syiq/Yacht/17023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Unica 45M/0343.7m (143'4&quot;)ISA Yachts2029">ISA Unica 45M</a> yacht has been laid from the shipyard in Ancona, Italy, marking the start of her construction. <img src="https://photo-assets.superyachttimes.com/photo/396273/image/large-966918cdfe1cdf289affc294bd4fded0.jpg" data-gid="gid://syiq/Photo/396273">The sale of the third displacement yacht was announced in April 2026 to a client from the United States, with delivery scheduled for 2029. Developed by <a data-gid="gid://syiq/Company/1197" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Team for Design - Enrico Gobbi (Company)">Enrico Gobbi of TEAM for Design</a> in collaboration with the shipyard’s technical department, the <a data-gid="gid://syiq/Yacht/17023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Unica 45M/0343.7m (143'4&quot;)ISA Yachts2029">ISA Unica 45M</a> yacht features a steel hull and aluminium superstructure.&nbsp;Distinguished by fluid, perfectly balanced lines that create a sleek silhouette, the ISA Unica 45M yacht combines generous interior volume with extended outdoor spaces and large glazed sections.Read:&nbsp;<a data-gid="gid://syiq/Article/65857" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Third ISA UNICA 45M Steel superyacht sold with 2029 delivery date (2026-04-14 20:30:00 +0200)">Third ISA UNICA 45M Steel superyacht sold with 2029 delivery date</a><img src="https://photo-assets.superyachttimes.com/photo/396272/image/large-8336c72513a1f53dfad504c1679588b9.jpg" data-gid="gid://syiq/Photo/396272">Spanning 430 GT, the <a data-gid="gid://syiq/Yacht/17023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Unica 45M/0343.7m (143'4&quot;)ISA Yachts2029">ISA Unica 45M</a> yacht can accommodate up to 12 guests across a six stateroom configuration, with her owner’s suite positioned aft on the upper deck. The suite includes a private lounge, desk area, walk-in wardrobe and ensuite bathroom.Further guest accommodation includes a VIP suite on the main deck with large side windows, a walk-in wardrobe and an ensuite with a separate shower, while the remaining guest accommodation can be found on the lower deck, comprising two further VIP suites and two twin suites.&nbsp;Moving outside, the <a data-gid="gid://syiq/Yacht/17023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Unica 45M/0343.7m (143'4&quot;)ISA Yachts2029">ISA Unica 45M</a> yacht boasts a stern layout spanning three levels. Descending towards the water, the space includes sunpads, a pool and an infinity cockpit, all of which are enclosed by a glass balustrade.<img src="https://photo-assets.superyachttimes.com/photo/396271/image/large-796abe1179971e5145e9e562c63fbc12.jpg" data-gid="gid://syiq/Photo/396271">Her main deck includes a gym, while dining spaces will be arranged both indoors on the main deck and outside on the upper deck, each accommodating up to 12 guests for formal dinners.Other key features include her upper deck which features a forward lounge and sunpad area, while her 16-metre fly deck incorporates additional lounging and dining spaces, a bar and a circular Jacuzzi.In terms of performance, the <a data-gid="gid://syiq/Yacht/17023" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Unica 45M/0343.7m (143'4&quot;)ISA Yachts2029">ISA Unica 45M</a> 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> engines, giving her a top speed of 15 knots and a cruising speed of 14 knots.

Keel of third ISA Unica 45m yacht laid

ISA Yachts has announced that the keel of the third 43.7-metre ISA Unica 45M yacht has been laid from the shipyard in Ancona, Italy.

Third ISA Unica 45M motor yacht keel laid

Dutch design studio <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a> has revealed new renderings of in-build 69-metre sailing yacht <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> ahead of her launch this summer, offering a closer look at her design philosophy, custom interiors, and renewable energy systems.<img src="https://photo-assets.superyachttimes.com/photo/396254/image/large-94d02d1ae28bc065a048800a6e2d96e3.png" data-gid="gid://syiq/Photo/396254">Developed in collaboration with <a data-gid="gid://syiq/Company/230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dykstra Naval Architects (Company)">Dykstra Naval Architects</a>, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> has spent six years in development. Rather than purely focusing on reducing energy consumption, the yacht is reported to be the first of her class to be designed around energy generation. This radical approach allows the yacht to run for up to two weeks on purely renewable sources, without relying on fossil fuels.<img src="https://photo-assets.superyachttimes.com/photo/396253/image/large-7447c42b77f8a8f7bc690af39433370f.jpg" data-gid="gid://syiq/Photo/396253"><a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> has been designed to honour the owners' appreciation for traditional sailing yachts while introducing a host of bespoke design solutions. Outside, custom elements can be found throughout, from the spoon bow and matte-finished deck hardware to the sculpted stern cap and hand-painted transom finished in a wood-effect treatment. Her notable metallic blue hull is further distinguished by a feather-inspired boot stripe, a reference to the black-browed albatross that served as a major inspiration for her design.<img src="https://photo-assets.superyachttimes.com/photo/396256/image/large-a8857968400b95119871dc187c9832f9.png" data-gid="gid://syiq/Photo/396256">Looking inside, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> embraces a holistic interior concept centred on natural materials, craftsmanship and owner-focused living. <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>’s interior rejects highly polished finishes in favour of tactile textures and organic materials to embody nature. Smoked European oak, reclaimed bark-based materials, leathered stone and hand-selected veneers are featured prominently throughout. Natural knots, cracks and grain variations have been deliberately preserved rather than concealed.<img src="https://photo-assets.superyachttimes.com/photo/396255/image/large-213cb67058fc8448969608065d402377.png" data-gid="gid://syiq/Photo/396255">A unifying design language runs throughout the entire yacht. The designers have employed curved architectural forms, shaping joinery, furniture, structural glazing, and lighting. They further remark that all elements either begin or end in a full radius, creating a sense of continuity between the spaces.The owners' choices can be seen throughout <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a>’s design. Her main saloon features a flexible dining table designed to double as a puzzle and craft table, reflecting the owners' hobbies during extended periods onboard. Elsewhere, modular cockpit furniture can be swiftly reconfigured into either lounge or dining arrangements. Meanwhile, electrically operated cockpit windows enable guests to enclose exterior spaces at the touch of a button.<img src="https://photo-assets.superyachttimes.com/photo/396257/image/large-90f1c0052c3eb53d6f1ebf5adf3d6cce.png" data-gid="gid://syiq/Photo/396257">Accommodation onboard includes four staterooms. Each stateroom is personalised around places of significance to the owners, all taking inspiration from destinations from Italy to French Polynesia. The owner’s suite is arranged around the mizzen mast, which has been wrapped in a bespoke artwork by American sculptor Sienna Martz. Moreover, this area benefits from a dedicated study to support long periods of working remotely while cruising.Further customisation extends behind the scenes, where the traditional full-beam engine room has been eliminated to make room for a concealed service corridor, enabling the crew to move discreetly throughout the yacht while maintaining guest privacy.According to <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>, the yacht combines hydro-generation through regenerative turbine propellers with more than 100-square-metres of photovoltaic thermal panels integrated into her biminis. These panels generate electrical and thermal energy to power onboard systems, heating and cooling.<img src="https://photo-assets.superyachttimes.com/photo/396258/image/large-478db106ff098d1896050a1003af3d87.jpg" data-gid="gid://syiq/Photo/396258">The yacht's sailing performance has also been refined thanks to a collaboration with Emirates Team New Zealand. Through advanced computational fluid dynamics testing, they developed a distinctive topside curvature that reportedly improves sailing speed by 2.5 percent while simultaneously increasing the vessel's electric power generation by approximately eight percent.Currently under construction at <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters Shipyard</a>, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero68.85m (225'11&quot;)Vitters Shipyard2026">Project Zero</a> is scheduled for launch in summer 2026.

First look: Vripack unveils interior concept of 69m ‘fossil-free’ sailing yacht Project Zero 

Interior concept of 69m sailing yacht Zero, an all-electric project by Vripack and Dykstra Naval Architects currently under construction at Vitters.

Recently spotted anchored off St Tropez by the SuperYacht Times team the 96-metre superyacht <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a> remains the largest modern private superyacht ever built in the United Kingdom. Constructed by <a data-gid="gid://syiq/Company/96" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Devonport (Company)">Devonport Yachts</a> in Plymouth and delivered in 2012, SuperYacht Times takes a look at 10 things you didn’t know about the <a data-gid="gid://syiq/Company/96" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Devonport (Company)">Devonport</a> flagship.<img src="https://photo-assets.superyachttimes.com/photo/395647/image/large-c8c0480475b32d2822ac3b4050fd16cb.jpg" data-gid="gid://syiq/Photo/395647">1. She has been under the same ownership since deliveryCommissioned in 2007 by a Swiss-Italian family and delivered in 2012, <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a> has remained within the family’s ownership for over a decade. Known as the former Project-55, she was launched on 10 September 2011 and christened <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a>, with her sea trials commencing in October 2011.<img src="https://photo-assets.superyachttimes.com/photo/395636/image/large-784dda4f94be2bf21fab944a36c68946.jpg" data-gid="gid://syiq/Photo/395636">2. She was built at a former naval shipyardFounded in 1989, by the Babcock International Group, <a data-gid="gid://syiq/Company/96" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Devonport (Company)">Devonport Yachts</a> was based in Plymouth, Devon and was part of a tradition of boat building at the Devonport Royal Docks, which have been building and supporting The British Royal Navy for over three hundred years. Blending military-grade engineering with superyacht luxury, <a data-gid="gid://syiq/Company/96" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Devonport (Company)">Devonport Yachts</a> put the UK on the map for large motor yacht designs. On 23 February 2010, <a data-gid="gid://syiq/Company/96" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Devonport (Company)">Devonport Yachts</a> was acquired by <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>, with the two companies joining forces to expand the offering at <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a>’ base in Falmouth.<img src="https://photo-assets.superyachttimes.com/photo/395648/image/large-5c060da19ac4dc275b02e1e9083a83ba.jpg" data-gid="gid://syiq/Photo/395648">3. The owner gifted his last superyacht to his motherThe name Vava has been used by the family on previous yachts, with <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a> succeeding an earlier vessel bearing the same name. The previous 47.3-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/1064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava47.3m (155'2&quot;)Feadship1996">Vava</a> was delivered in 1996, with the brief that her owner should enjoy the most peaceful long-distance cruising possible. The yacht was allegedly gifted to his mother when <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a>I was delivered. <img src="https://photo-assets.superyachttimes.com/photo/395638/image/large-690e352299b20df7f4a808579a964981.jpg" data-gid="gid://syiq/Photo/395638">4. Her owner won sailing's most famous trophyHer Swiss-Italian owner who as well as being listed as one of the top 100 wealthiest people in the world by Forbes magazine in 2013, is also a keen yachtsman and sailor. After founding the yachting syndicate Team Alinghi in 2000, her owner entered and won the renowned America’s Cup in 2003, bringing the Cup to Europe for the first time.<img src="https://photo-assets.superyachttimes.com/photo/395644/image/large-8e6e948f928e48edf31db24a2923fcf6.jpg" data-gid="gid://syiq/Photo/395644">5. Her designers fought off competition to be chosen&nbsp;<a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a> features exterior design by <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a>, while her interior was penned by <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Rémi Tessier</a>, with naval architecture by her builder Devonport. In an interview with SuperYacht Times in 2016, <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a> Founder Justin Redman explained that it was an incredible opportunity to win the commission over other designers. “We felt we won it because we developed not only a very unique looking profile for her owner, but one which incorporated key influences which he had brought to the table from sailboat racing,” he explained.&nbsp;You can read the full interview <a data-gid="gid://syiq/Article/46674" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Insight: A behind-the-scenes look at Redman Whitely Dixon (2016-03-08 12:00:00 +0100)">here</a>. <img src="https://photo-assets.superyachttimes.com/photo/395643/image/large-c90cf5553c0191d6762a7293bea6cb81.jpg" data-gid="gid://syiq/Photo/395643">6. She can accommodate a high number of guestsBuilt to SOLAS-36 passenger ship standards, <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a> set a new standard in the charter market for 2012 following her delivery. <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a> can comfortably accommodate up to 36 guests across an impressive 18 staterooms. Her master suite boasts an open-plan layout, while her full-beam VIP suite rivals other luxury yachts. She can also sleep a crew of 34. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/395633/image/large-d1c97626edc7f61f7ed6e51652d62cfb.jpg" data-gid="gid://syiq/Photo/395633">7. She features one of the largest beach clubs of her generationWhen <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a> was launched, expansive beach clubs were still relatively uncommon on large yachts. <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a> boasted a substantial waterside leisure area that helped set the standard for the indoor-outdoor lifestyle spaces that have since become commonplace across the superyacht sector. Other key features include an aft deck swimming pool, a main deck saloon with a sliding glass wall and a helideck, which was recently spotted with an Airbus H125 landing onboard. <img src="https://photo-assets.superyachttimes.com/photo/395637/image/large-45075d272b12450df93265d130e80084.jpg" data-gid="gid://syiq/Photo/395637">8. She has participated in scientific missions Although often spotted in the Mediterranean, <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a> was designed with global exploration in mind. She has been deployed for three research expeditions by scientists from the Zoological Society of London (ZSL) and other research universities from around the world. Her substantial fuel capacity, advanced engineering systems and robust construction allow her to undertake extended voyages far beyond the traditional summer cruising grounds frequented by many large yachts. Over the years she has travelled as far as Antarctica and Polynesia and has participated in scientific missions in the Indian Ocean.<img src="https://photo-assets.superyachttimes.com/photo/395645/image/large-9a7d3fd9d75bd6b12e895fb6df0b9175.jpg" data-gid="gid://syiq/Photo/395645">9. She helped put British superyacht construction back in the spotlightThe delivery of <a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a> attracted significant international attention and demonstrated that Britain could still compete in the upper size segments of superyacht construction. More than a decade later, she remains a lasting symbol of British engineering, design and craftsmanship.<img src="https://photo-assets.superyachttimes.com/photo/395639/image/large-ce7d1bb5e1194e11f710c58e1226e024.jpg" data-gid="gid://syiq/Photo/395639">10. She remains the largest modern superyacht built in the UK<a data-gid="gid://syiq/Yacht/1711" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vava II96.0m (314'12&quot;)Devonport2012">Vava II</a> still remains the largest modern superyacht ever constructed in the UK. The second largest modern superyacht is the 82-metre <a data-gid="gid://syiq/Company/96" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Devonport (Company)">Devonport</a> yacht <a data-gid="gid://syiq/Yacht/307" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pure82.0m (269'0&quot;)Devonport2008">Pure</a>, which was launched in 2008 and recently underwent an extensive refit at the <a data-gid="gid://syiq/Company/86" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amico & Co. s.r.l. (Company)">Amico &amp; Co</a> facility in Genova Italy.

UK’s largest modern superyacht Vava II

SuperYacht Times takes a look at 10 things you didn’t know about the Devonport flagship, Vava II. 

Vava II: 10 things you didn't know about the UK's largest superyacht

<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting&nbsp;</a>has announced that the 60.2-metre Xplorer 60 yacht <a data-gid="gid://syiq/Yacht/11078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You60.2m (197'6&quot;)Damen Yachting2025">After You</a> and her 53.25-metre support vessel <a data-gid="gid://syiq/Yacht/12677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emotional53.25m (174'8&quot;)Damen Yachting2025">Emotional</a> have departed the builder's main shipyard in Vlissingen, the Netherlands. This departure follows a period of refit, service and optimisation works. According to AIS data, both vessels are currently en route to Reykjavik, Iceland.<img src="https://photo-assets.superyachttimes.com/photo/396232/image/large-abd42b77a1b431f487ab944294f2e03e.jpeg" data-gid="gid://syiq/Photo/396232">The yard commented the works were customised to the owner's specific operational needs while preparing the fleet for extensive cruising and exploration in remote regions.Delivered in 2025, both vessels were conceived for long-range autonomy and expedition-style cruising. The pair were acquired by the same owner through <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW Yachts</a>, who oversaw their integration into a single exploration-focused fleet.<img src="https://photo-assets.superyachttimes.com/photo/396229/image/large-f729916d9bf110968c318dc15a60c062.jpeg" data-gid="gid://syiq/Photo/396229"><a data-gid="gid://syiq/Yacht/11078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You60.2m (197'6&quot;)Damen Yachting2025">After You</a> features naval architecture developed in-house by <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>, with exterior design 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 interiors 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>. Her onboard amenities include a wellness deck equipped with a Jacuzzi, bar and sauna, a convertible tender hangar that transforms into a lounge and karaoke bar, and a forward observation lounge designed for wildlife and weather watching.<img src="https://photo-assets.superyachttimes.com/photo/396230/image/large-5aa256db87522afed8b9fe78dbef7a37.jpeg" data-gid="gid://syiq/Photo/396230">Meanwhile, <a data-gid="gid://syiq/Yacht/12677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emotional53.25m (174'8&quot;)Damen Yachting2025">Emotional</a> was designed inside and out by <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>. The support vessel carries a range of expedition equipment, including tenders, a submarine and watersports gear. This allows the mothership to remain dedicated to guest accommodation and entertainment.In terms of performance, both yachts are powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines. <a data-gid="gid://syiq/Yacht/11078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You60.2m (197'6&quot;)Damen Yachting2025">After You</a> has a cruising speed of 11.5 knots and a top speed of 14.5 knots, while <a data-gid="gid://syiq/Yacht/12677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emotional53.25m (174'8&quot;)Damen Yachting2025">Emotional</a> cruises at 12 knots and can reach a maximum speed of 19 knots. Together, the two vessels provide the capabilities of a much larger expedition yacht while retaining the flexibility and operational advantages of a dual-vessel setup.<img src="https://photo-assets.superyachttimes.com/photo/396231/image/large-b80cda5f786823cbca02643d696ec9a9.jpeg" data-gid="gid://syiq/Photo/396231">“It is always rewarding to welcome our yachts back to Vlissingen,” said Head of Refit &amp; Services at <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> Michel Coens. “Their return reflects the trust placed in our team, our facilities and the way we work together with the Owner’s team, the Crew and our own specialists. Seeing After You and Emotional depart again ready for their next journey is something we can be proud of.”&nbsp;Photos provided courtesy of <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>.

After You and Emotional depart Damen Yachting following refit

The 60.2-metre Xplorer 60 yacht After You and her 53.25-metre support vessel Emotional have departed the builder's main shipyard in Vlissingen.


Xplorer 60 yacht After You and support vessel Emotional depart Damen Yachting after refit

For owner Paul Andrews, the search for the right yacht was a journey that spanned more than a decade. However, when he first came across the 25.6-metre <a data-gid="gid://syiq/Company/121" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palmer Johnson Yachts (Company)">Palmer Johnson</a> sailing yacht <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> online, something about her caught his attention. <img src="https://photo-assets.superyachttimes.com/photo/394762/image/large-d54e9461baa90d5794ad964df495e456.jpg" data-gid="gid://syiq/Photo/394762">“I first saw her in a video while I was searching for yachts,” he explained. “She was located in Thailand at the time, which was quite literally on the other side of the world from me, but her presence immediately stood out.”<img src="https://photo-assets.superyachttimes.com/photo/394534/image/large-bfddc47ecaf6a83efc8300953b5b19d9.jpg" data-gid="gid://syiq/Photo/394534">Originally launched in 1967, <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> was the largest aluminium hulled sailing yacht in the world when she first hit the water. Built as a classic world cruising yacht, <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> had circumnavigated the world three times, with voyages to the Antarctic and Arctic regions when she entered the market in 2022. <img src="https://photo-assets.superyachttimes.com/photo/394541/image/large-c96b4ebc0ab5a9453459421e627799d7.jpg" data-gid="gid://syiq/Photo/394541">“The beam, the proportions and the sheer character of the yacht caught my attention straight away,” recalled Andrews. “I wasn’t specifically searching for a <a data-gid="gid://syiq/Company/121" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palmer Johnson Yachts (Company)">Palmer Johnson</a>, but when she was built, she was engineered to a commercial, almost military-grade standard and built to navy specs, which gave her a genuine pedigree, strength and a fascinating story behind her.” <img src="https://photo-assets.superyachttimes.com/photo/394543/image/large-0b87ef55ef9559c3dc95e76eca2db6c7.jpg" data-gid="gid://syiq/Photo/394543">However, when Andrews finally travelled to Thailand to inspect the yacht in person, the initial impression was far from ideal. “It was raining heavily and she looked tired and neglected.” But returning the following day to see the yacht in clear conditions revealed a completely different vessel. “Her lines were beautiful and the potential became obvious. She simply needed vision and attention.”<img src="https://photo-assets.superyachttimes.com/photo/394544/image/large-f191bd60c4deb3732c009830efb76fc3.jpg" data-gid="gid://syiq/Photo/394544">In 2015 under the ownership of her previous owners, <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> had started a refit programme spanning more than $1 million, which lasted five years and saw her receive a full teak interior refit. “It was clear that previous owners had already invested heavily in the yacht,” added Andrews. “The teak interior joinery was exceptional and the hull structure was sound. However, the layout did not fully make use of the yacht’s size.”<img src="https://photo-assets.superyachttimes.com/photo/394540/image/large-3bd64f4dfb231598384875f28fc57a05.jpg" data-gid="gid://syiq/Photo/394540">With the help of Martin Holmes and his team at <a data-gid="gid://syiq/Company/2262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lee Marine International Brokerage (Company)">Lee Marine</a>, Andrews took a boat from Langkawi, Malaysia where he purchased <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> and started the process of refitting her in Phuket. “My vision was always to maximise the yacht without taking away the character that makes Firebird special,” he explained. <img src="https://photo-assets.superyachttimes.com/photo/394689/image/large-066bcffa01ddea4816fadbefefba6fb6.jpg" data-gid="gid://syiq/Photo/394689">“Rather than remove that character, the refit focused on respecting the craftsmanship already onboard, while improving the functionality and layout for modern cruising. So the very first thing I wanted to do was lay a completely new teak deck.”<img src="https://photo-assets.superyachttimes.com/photo/394684/image/large-59c92dfa1c2c4dfaf499558c82520e13.jpg" data-gid="gid://syiq/Photo/394684">The refit saw beautifully laid teak installed throughout, which instantly transformed her appearance and the feeling underfoot. From here, Andrews had a large swim platform and gangway at the stern installed for easy access, as well as an alfresco dining area for 12, with a large three-metre teak L-shaped sofa added and a circular seating area for eight at her stern.<img src="https://photo-assets.superyachttimes.com/photo/394683/image/large-ccd9dbe381bbc98da19e89f67500eafb.jpg" data-gid="gid://syiq/Photo/394683">Additional work saw her saloon and guest staterooms reworked to create a larger and more comfortable interior, while technical works included the installation of a new <a data-gid="gid://syiq/Company/4062" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raymarine UK Ltd (Company)">Raymarine</a> navigation suite, electric furling systems and the recommissioning of her <a data-gid="gid://syiq/Company/1497" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Detroit Diesel (Company)">Detroit Diesel</a> engine and generators.<img src="https://photo-assets.superyachttimes.com/photo/394537/image/large-a9744df0db0cb9126710320c8ad8f685.jpg" data-gid="gid://syiq/Photo/394537">&nbsp;“I was involved in every stage of the project!” beamed Andrews. “Working alongside skilled craftsmen in Thailand allowed the ideas I had for the yacht to be executed properly.”<img src="https://photo-assets.superyachttimes.com/photo/394682/image/large-6c7c43f1ab3dc6151b36ef4b9e0c6d90.jpg" data-gid="gid://syiq/Photo/394682">“The region has an impressive concentration of marine specialists including riggers, carpenters, sailmakers and marine engineers. The quality of teak craftsmanship in Thailand is also exceptional and the cost of skilled labour is significantly lower than in many other parts of the world. By chance I also discovered a local boat carpenter whose family had been building boats in the region for generations. His team worked tirelessly and played a crucial role in transforming the yacht.”<img src="https://photo-assets.superyachttimes.com/photo/394536/image/large-a684c5dbb17405c08f59b474c49fe63e.jpg" data-gid="gid://syiq/Photo/394536">A large portion of the refit work was carried out at Premier Superyacht Shipyard near <a data-gid="gid://syiq/Company/3209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Haven Marina (Company)">Yacht Haven Marina</a> in Phuket. The yard operates an 890-tonne travel lift and regularly handles vessels significantly larger than <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a>, so during her haul-out, hull works, repainting, mechanical servicing and installation of the bow thruster were completed at the yard. <img src="https://photo-assets.superyachttimes.com/photo/394535/image/large-fe228dc87c3eb4c006007450d0644190.jpg" data-gid="gid://syiq/Photo/394535">The refit started almost immediately after Andrews had stepped onboard and he remained involved throughout the process. “After studying the layout of an <a data-gid="gid://syiq/Company/1097" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oyster Yachts (Company)">Oyster</a> 85, I realised it might be possible to alter the companionway arrangement and open access to unused space within the yacht. By cutting through the bulkhead at the end of the galley we created a new passageway that allowed an entirely new guest stateroom to be built.”<img src="https://photo-assets.superyachttimes.com/photo/394687/image/large-2e193db0a4b19958ca9e5ecb0fbbb3b1.jpg" data-gid="gid://syiq/Photo/394687">The result allowed for unused areas to be converted into additional guest accommodation, while maintaining the logical flow through her companionway and saloon areas. Thanks to this, <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> is now able to comfortably accommodate up to 13 guests, while still feeling spacious. <img src="https://photo-assets.superyachttimes.com/photo/394691/image/large-d359643ead180961dcf469e992df6a3a.jpg" data-gid="gid://syiq/Photo/394691">“The onboard experience is exceptional now! <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> is incredibly comfortable and she has become a wonderful place to spend time. I have several comfortable homes on land, but I genuinely did not expect living aboard a yacht to feel this enjoyable.”<img src="https://photo-assets.superyachttimes.com/photo/394775/image/large-19d12ff20ebf8798893858104887e523.jpg" data-gid="gid://syiq/Photo/394775">From a technical standpoint the most important upgrade was the installation of a Max Power bow thruster. At 71 tonnes, <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> is not a small yacht and the thruster significantly improved manoeuvrability for docking. Paired with electric furling systems, her sails can now be easily controlled from the cockpit, &nbsp;which means the yacht can be sailed comfortably by a small crew. “Together with the bow thruster and upgraded navigation systems, the yacht is now far easier and safer to operate,” added Andrews.<img src="https://photo-assets.superyachttimes.com/photo/394782/image/large-7d015b051a954c975849eb73b943caa0.jpg" data-gid="gid://syiq/Photo/394782">Currently available for charter, Andrews noted that there had already been interest from charter clients in the Seychelles and the Maldives. “It would feel rather selfish to keep such a yacht entirely to myself! Our goal is to have her operating in the Greek islands by 2027.”<img src="https://photo-assets.superyachttimes.com/photo/394781/image/large-71d773016ba60ca5be3610663cfc2a04.jpg" data-gid="gid://syiq/Photo/394781">The refit took approximately 18 months to complete, with the project bringing the yacht a new lease of life. “I have restored historic buildings and classic cars before, but <a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> has been the most rewarding project of them all! Working on her felt almost like giving a living vessel a new chapter in her life. I feel incredibly privileged to have been part of that transformation.”<img src="https://photo-assets.superyachttimes.com/photo/394773/image/large-89483fb30e91ef0842117ed871bea925.jpg" data-gid="gid://syiq/Photo/394773">“<a data-gid="gid://syiq/Yacht/12413" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Firebird25.6m (83'12&quot;)Palmer Johnson Yachts1967">Firebird</a> has had an extraordinary life with many different owners over the decades, with each leaving their own mark on the vessel,” concluded Andrews. “If I had to describe her in just a few words, I would say she is an iconic, unique superyacht and I hope she continues to bring joy to many future owners and guests.”<img src="https://photo-assets.superyachttimes.com/photo/394763/image/large-26cc3acdb14ea54697eb754a850e1393.jpg" data-gid="gid://syiq/Photo/394763">

Firebird: 26m Palmer Johnson yacht refit

Inside the 18-month Thai refit that transformed the 26m Palmer Johnson sailing yacht Firebird into a modern cruising yacht.

Firebird reborn: Behind the Thai refit of a classic 26m yacht

Superyachts have become a floating home for many of its new-age owners, and it is precisely this that has motivated <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha Custom Yachts</a>’ design for the Squalo 100. The brief for both the exterior and interior design was to create a yacht that feels right to live on, emotionally, physically and sensorially. From the layout to the engineering behind the walls was approached through the lens of human experience, rather than mere aesthetics. <img src="https://photo-assets.superyachttimes.com/photo/395777/image/large-3128f701f247e9a823704b469af76762.jpg" data-gid="gid://syiq/Photo/395777">Intimacy, comfort &amp; balanceFor <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha Custom Yachts</a>, luxury is deeply connected to proportion, intimacy and comfort: “a yacht can feature the finest materials and highest quality finishes, but if the spaces feel too tight, disconnected or uncomfortable, the emotional experience aboard is lost” says Roberto Aboumrad, the founder and CEO of <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha Yachts</a>.Hence, true onboard luxury is not measured by excess or scale alone, but by understanding the emotional relationship between people and space. If seating arrangements are too close together or too far apart, it can obstruct the way onboard guests interact with one another. “True comfort comes from finding that human balance of space.”<img src="https://photo-assets.superyachttimes.com/photo/395771/image/large-de41a280b3ab03c380c47ca7096655df.jpg" data-gid="gid://syiq/Photo/395771">For Roberto, that comfort starts with the shape of the hull. Rather than pursuing narrow planning hulls, which are optimised for going fast, <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha</a> decided on a semi-displacement hull. “These hulls are designed for liveability, efficiency and comfort. There is more interior volume, while simultaneously cruising at speeds it was designed to (i.e. 10-14 knots).”Cruising at the speed that the yacht was designed to do, also ensures high fuel efficiency and long range cruising, which sits in line with <a data-gid="gid://syiq/YachtModel/12554" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Squalo 10030.02m (98'6&quot;)">Alpha</a>’s approach towards sustainability. “There’s a misconception in today’s market that, by adding more electronics and gadgets, you automatically create a better boat,” yet often the opposite is true. “The more complicated you make a vessel, the more things you create that require maintenance.” <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha Custom Yachts</a> instead focuses on “creating systems that are durable, intuitive and reliable for long-term ownership.”<img src="https://photo-assets.superyachttimes.com/photo/395758/image/large-1424f9925cdca3c1115877f949e5d9c4.jpg" data-gid="gid://syiq/Photo/395758">While keeping the number of gadgets to a minimum, technology does play a crucial role in any <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha Custom Yacht</a>s vessel. “Technology is extremely important for us,” shares Roberto, “but for us technology means simplification.” Making elements more simple and functional makes for happy yacht owners. “It’s a mentality that extends directly into the crew’s workflow and maintainability. A happy crew creates a happy yacht.” With that same thought, the yard has placed enormous importance on crew accommodations and facilities: “the crew lives onboard year-round - it is important they are comfortable and happy.”&nbsp;Especially the galley is a space of pride for Roberto, “we have an incredibly large galley,” he continues, “the space has a centre island, industrial refrigerators, freezers and extraction hoods, a Hoshizaki ice maker capable of producing 90 kilos of crystal clear ice per day.” For <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha Custom Yachts</a>, Roberto emphasises, “the galley is one of the most important areas onboard; it directly impacts everyday life.”<img src="https://photo-assets.superyachttimes.com/photo/395781/image/large-eca123327394f5b4dce944d6d68412a7.jpg" data-gid="gid://syiq/Photo/395781">Living the experienceA crucial element to designing a yacht for <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha Custom Yachts</a> is onboard experience: “when you’ve lived aboard boats for enough years, travelled enough and truly experienced living at sea, you begin to understand the human needs of onboard living” shares Roberto, “you can study design at a desk, but living it opens up a whole new understanding.”<img src="https://photo-assets.superyachttimes.com/photo/395757/image/large-c3608611ab7f6dd82cd72bba6d9c9e54.jpg" data-gid="gid://syiq/Photo/395757">This philosophy is not just extended to the yacht’s interiors, but also to the engineering of the Squalo 100. One such place is the engine room, which, onboard all <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha Custom Yachts</a>, are designed with accessibility and functionality as priorities - the goal is to make the engine room and its equipment accessible and simple.Roberto explains how “comfort is an overall sensory experience - space, silence, vibration, colours, atmosphere - to truly feel comfortable and happy, you need to feel all five senses.”<img src="https://photo-assets.superyachttimes.com/photo/395753/image/large-8a75feae7d000d25adda68409da4ead2.jpg" data-gid="gid://syiq/Photo/395753">One way in which the <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha</a> team has done this is by structurally separating the hull and superstructure, which dramatically reduces vibrations and sound transfer throughout the vessel. “You don’t hear generators, vibrations, nor conversation in any of the other staterooms. There is total silence onboard.”Another one of the senses <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha Custom Yachts</a> is especially considerate of is smell. “You can walk into a beautiful boat but if it’s humid or there are unpleasant odours, it ruins the experience.” The yard has noticed that many of the odour-related issues don’t actually originate from black or grey water tanks themselves, but from low-quality piping systems that begin to sweat over time. <img src="https://photo-assets.superyachttimes.com/photo/395761/image/large-f1870b9a00c455b1e44bcca22a5b9127.jpg" data-gid="gid://syiq/Photo/395761">To prevent this, the Squalo 100 has incorporated high quality piping systems alongside a positive-pressure make-up air system designed to continuously renew and purify the air onboard. “Approximately six times per hour, the entire interior air volume is renewed with fresh air.” The result is a refreshing onboard environment.The air-flow design onboard the yacht has also been thoroughly considered: “we maintain more pressure inside the salon than outside, so when the doors open, fresh air escapes outward and blocks hot air from entering” Roberto explains. For the galley, the same construction is used, but flipped, “the galley maintains a lower pressure than the guest areas so that not all the cooking smells will spill into the staterooms and saloon.”<img src="https://photo-assets.superyachttimes.com/photo/395762/image/large-48885ca43e88052e18731411f2ea3610.jpg" data-gid="gid://syiq/Photo/395762">Living in spaceA central element in the design of the Squalo 100 and all other <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha Custom Yachts</a> is the ceiling height. “For me ceiling height is a must,” Roberto shares how this decision was rooted in a very human observation: “When tall people walk onto yachts, they have to check how much space sits between the top of their head and the ceiling - which often isn’t very much.” Combined with the Squalo 100’s full-beam saloon and master cabin, the increased ceiling height dramatically transforms the perception of the interior volume. “It creates a totally different feeling onboard.”Besides a spacious layout, a refreshing airflow and minimal yet high-end technologies, <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha Custom Yachts</a> offers additional personalisation for their yachts through elements like hull colours. “I had a client with a huge fascination for Porsche and he told me he wanted his hull the same colour of his Porsche Calipers brakes."<img src="https://photo-assets.superyachttimes.com/photo/395763/image/large-5a734ebfefcf55bc0e5400e54e0d53fc.jpg" data-gid="gid://syiq/Photo/395763">“We have always been extremely flexible with customisation because we understand that every owner lives differently and expresses luxury differently.” This type of pursuit of individuality is the main reason that <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha</a> has intentionally stayed a boutique shipyard. “We’ve done crazy things,” shares Roberto, “but if it doesn’t hurt the value or integrity of the yacht, we’re happy to make our client’s vision become a reality.”There’s a few elements that the <a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha</a> team won’t compromise on, like the crew accommodations and facilities. Roberto shares how “the crew lives onboard year-round. If the crew isn’t comfortable or happy, the boat won’t be a happy boat.” While owners or guests spend maybe just over a week onboard, crew lives onboard and ensuring they feel at home is of utmost importance.<img src="https://photo-assets.superyachttimes.com/photo/395746/image/large-e1304f071c6fd249b2bf1a2b910fbc15.jpg" data-gid="gid://syiq/Photo/395746">A symbol of powerThe Squalo 100 carries an air of power. Its name stems from the Italian word squalo, meaning ‘Shark’. “A shark is the most efficient creature in the ocean. It’s powerful, intelligent, efficient, and naturally dominant.” For the shipyard, the name perfectly reflects its in-house philosophy. “<a data-gid="gid://syiq/Company/5252" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alpha Custom Yachts (Company)">Alpha</a> represents leadership, and the Squalo yacht represents efficiency, strength, personality and power.”<img src="https://photo-assets.superyachttimes.com/photo/395767/image/large-999c901798381e697b3243b4b14b578f.jpg" data-gid="gid://syiq/Photo/395767">

Inside the design of Alpha squalo 100

Alpha Custom Yachts' Squalo 100, designed for spacious living on the water.

Alpha Yachts’ Squalo 100: Redefining human-centred yacht design

The United States Court of Appeals for the Second Circuit has upheld a lower court ruling that Eduard Khudainatov, the former owner of the 106.1-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a>, cannot claim ownership following her seizure in 2022, marking the last chance he had to appeal the decision.SuperYacht Times takes a look back at the full legal battle over the yacht’s ownership and the proceedings that led to the US Government’s forfeiture of the yacht.<img src="https://photo-assets.superyachttimes.com/photo/393887/image/large-ad933bf5db70a1d40d13082c78016610.jpg" data-gid="gid://syiq/Photo/393887">The seizure of AmadeaIn April 2022, U.S. authorities under the Biden administration, seized <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> in Fiji as part of their Task Force KleptoCapture, which aimed at intensifying sanction enforcements against Russian oligarchs linked to President Vladimir Putin.&nbsp;Prosecutors allege that sanctioned Russian billionaire Suleiman Kerimov is the owner of <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a>, while Eduard Khudainatov, the former chief of Russian state oil and gas company Rosneft, and his company Millemarin Investment claim that the yacht is under their ownership.&nbsp;Suleiman Kerimov was sanctioned by the U.S. Treasury Department, in consultation with the Department of State in 2018 for his role as an official of the Russian Federation and a member of the Russian Federation Council. He was alleged to have moved hundreds of millions of euros into France, in addition to conducting standard fund transfers without disclosing the money to French tax authorities.The arrest of <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> was announced on 14 April 2022, but the Task Force KleptoCapture did not get the official green light for her arrest until 4 May. During this period a plea had been made by Millemarin Investment on the registration of the US warrant to seize <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a>.&nbsp;The Fijian Court of Appeals dismissed the plea on 27 May, opening an avenue for the U.S. Department of Justice to actualise the arrest and transport her to U.S. territory. From there, the yacht was locked in a legal battle for several years regarding her true ownership. <img src="https://photo-assets.superyachttimes.com/photo/393882/image/large-85002cf90fcbd0f9d3c4545d29a092c9.jpg" data-gid="gid://syiq/Photo/393882">The ownership structure behind AmadeaAccording to court documents, a Memorandum of Agreement (MOA) in September 2021 showed that Millemarin Investments Ltd were committed to sell <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> for €225 million to a Cayman Islands entity that was created less than one week before the deal. Under the agreement, the buyer acquired the right to use the yacht and assumed responsibility for her operating costs following the initial €45 million payment.Lawyers representing Millemarin claim the Cayman Islands-based company is owned by Khudainatov and because he is not currently sanctioned by the U.S, his legal team therefore challenged the seizure and forfeiture of the yacht.However, U.S prosecutors argue that the sanctioned Russian billionaire Kerimov was behind the Cayman Islands entity and that he allegedly used a web of shell companies to hide his assets, including <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a>, and evade international sanctions.&nbsp;It was alleged that Khudainatov was serving as the "straw” or nominal owner to obscure Kerimov's involvement.<img src="https://photo-assets.superyachttimes.com/photo/393883/image/large-99488250fa35ea39ce37fa28d4ff2747.jpg" data-gid="gid://syiq/Photo/393883">The court battle In October 2023, U.S. Justice Department filed a civil forfeiture complaint for ownership of <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> following her seizure and relocation to San Diego in 2022. The complaint was filed at the Manhattan federal court and marked the start of a lengthy judicial process for the US to seek ownership.The U.S. Department of Justice alleged in its complaint that Suleiman Kerimov bought <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> in 2021, and then violated U.S. sanctions by making more than $1 million in maintenance payments through U.S. financial institutions.Just four months later, the U.S. government filed a petition to auction <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> before the dispute over her ownership was resolved, stating that the yacht was currently costing the U.S government more than $7 million a year to maintain.A court filing by federal prosecutors in Manhattan told U.S. District Judge Dale Ho that <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> currently had an “excessive” $600,000 monthly average maintenance bill, and urged the judge to consider an auction. They also alleged that talks to have Khudainatov pay for <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a>'s upkeep had broken down.&nbsp;In January 2025, the evidentiary hearing began to determine the ownership of <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a>. Rachael Doud, Assistant US Attorney for the Southern District of New York stated that Kerimov’s niece allegedly paid €225 million to complete the sale of <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> in 2021 on his behalf and to bypass sanctions which had been imposed on him since 2018.According to Doud, Kerimov and his family used the vessel and had plans to use it further, with Khudainatov acting as a straw owner. Khudainatov’s lawyer Adam Ford argued that there is no evidence of a completed sale and characterised the agreement with Kerimov as a loan rather than a purchase.<img src="https://photo-assets.superyachttimes.com/photo/393875/image/large-a816cc99184d93f85c79dca79e3e1630.jpg" data-gid="gid://syiq/Photo/393875">Ownership claims rejected and yacht sold at auctionOn 10 March 2025, U.S. District Judge Dale Ho issued an 80-page ruling that stated that while Khudainatov retained the "bare title" to <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> after September 2021, the true beneficial owner was sanctioned Russian billionaire Suleiman Kerimov.The decision marked a significant victory for the U.S. Department of Justice, prompting them to announce in August 2025 that <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> would be offered for sale via a sealed-bid auction on 10 September 2025.The auction was administered by the National Maritime Services of Fort Lauderdale, Florida, in accordance with a forfeiture order issued by the U.S. District Court for the Southern District of New York (Case 1:23-cv-09304), with <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> appointed as promotional agent for the auction.In October 2025, a spokesperson for the United States Marshals Service confirmed that <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> had been sold at auction, with her new owner and price not disclosed. However, Khudainatov and Millemarin Investments submitted an appeal to the United States Court of Appeals for the Second Circuit, maintaining they were the beneficial owners of <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a>. <img src="https://photo-assets.superyachttimes.com/photo/393872/image/large-9aac7473aea0108815459490aee8c9cf.jpg" data-gid="gid://syiq/Photo/393872">Final ownership appeal rejectedIn a decision issued on 1 June 2026, the court and circuit Judges Parker, Lohier and Merriam affirmed Ho’s previous ruling, confirming that Eduard Khudainatov and Millemarin Investments Ltd were unable to demonstrate a sufficient beneficial interest in <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a>.&nbsp;The court agreed with the District Court in the Southern District of New York, stating that Khudainatov acted as a "straw owner" and despite a sale agreement in 2021 that transferred control and economic responsibility for the yacht, he only appeared as the legal owner on paper, with the real economic ownership allegedly under the control of Kerimov.&nbsp;The United States Court of Appeals for the Second Circuit confirmed that Khudainatov failed to demonstrate the type of beneficial interest required under US law to contest civil forfeiture proceedings.“With the standard of proof established, we review the District Court’s legal conclusions relating to standing de novo and its factual findings for clear error,” explained the court. “The District Court correctly concluded that the claimants’ legal title to the <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> did not itself establish standing to contest the <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a>’s forfeiture. For the foregoing reasons, we affirm the judgments of the District Court.”As a result of this, the legal challenge over ownership has been brought to a close, with the Government’s forfeiture of <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> remaining in place, and no other avenues available for the claimants to pursue ownership arguments in the United States courts.Delivered in 2017, <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> 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>, while her interior was penned by <a data-gid="gid://syiq/Company/67" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuretti Interior Design (Company)">Zuretti Interior Design</a>, with naval architecture by her builder <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>. With a gross tonnage of 4,402, <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> can comfortably accommodate up to 16 guests across an eight stateroom configuration, alongside an impressive crew of 36.&nbsp;Amenities onboard include an infinity pool, a certified helipad, a private owner’s spa, a separate guest spa and two elevators. 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, the yacht has a top speed of 20 knots, a cruising speed of 13 knots and a range of 8,000 nautical miles.&nbsp;According to AIS, <a data-gid="gid://syiq/Yacht/6167" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amadea 106.1m (348'1&quot;)Lürssen Yachts2017">Amadea</a> is currently located in Monaco.

Amadea yacht ownership appeal rejected

The US Court of Appeals has upheld the court ruling that Eduard Khudainatov cannot claim ownership of the 106m Lürssen yacht Amadea.

US Court rejects final appeal from ex.owner of 106m yacht Amadea

As Venice Climate Week runs from 3 to 8 June, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> is calling for urgent investment in alternative fuel infrastructure across Europe. The company noted that the transition to next-generation sustainable yachts will depend on availability of energy infrastructure, rather than the speed of technological progress.<img src="https://photo-assets.superyachttimes.com/photo/396223/image/large-103ef131c568767e63b19cb8b8a430ac.jpg" data-gid="gid://syiq/Photo/396223">Executive Chairman Massimo Perotti presented the ‘Venice Call for Maritime Action’ at the event, an initiative formalised through an open letter addressed to Jessika Roswall, European Commissioner for Environment, Water Resilience and a Competitive Circular Economy, and copied to Ursula von der Leyen, President of the European Commission.“Across our industries, the technologies required to enable more sustainable mobility, employment and enjoyment at sea are no longer theoretical,” he stated in the letter. “They are real, advancing rapidly, and increasingly ready to move beyond experimentation and into everyday use.” The initiative calls for coordinated investment in green methanol supply chains and electrification infrastructure across key maritime hubs.<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> noted that while it has already invested in bi-fuel methanol propulsion as part of its 'Road to 2030' strategy, adoption remains constrained by limited infrastructure. This case is &nbsp;particularly apparent in the Mediterranean, where availability across marinas is still minimal.<img src="https://photo-assets.superyachttimes.com/photo/396224/image/large-fa3744cfa8c57f5776899c890d02e793.jpg" data-gid="gid://syiq/Photo/396224">Currently, less than one percent of global methanol production is renewable, with supply concentrated in industrial ports such as Rotterdam and Antwerp-Bruges, leaving major yachting regions underserved.The ‘Venice Call for Maritime Action’ urges coordinated action among European institutions and policymakers, port authorities and coastal cities, energy producers and fuel suppliers, and industrial and technology partners to accelerate the transition. This includes including a six-month progress review to assess infrastructure development.The letter also pushes forward <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>'s commitment to the following initiatives:&nbsp;<ul><li>Championing a future vision for more sustainable yachting</li><li>Continuing investment in innovation and technological progress</li><li>Supporting the development of viable and accessible energy ecosystems</li><li>Engaging in cross-sector collaboration to accelerate progress<img src="https://photo-assets.superyachttimes.com/photo/396226/image/large-dd7b8005406727dc9430ff3c953dbf09.png" data-gid="gid://syiq/Photo/396226"></li></ul>The effort has already drawn support from across the maritime sector, including SYBAss, Professor Flavio Manenti of Politecnico di Milano, alongside representatives from marine technology, energy, and sustainability organisations.As one of the founding partners of Venice Climate Week, the company is using its Casa Sanlorenzo hub to convene industry dialogue under the ‘Planet Aqua, Planet Peace’ programme. The initiative brings together city leaders, scientists and industry stakeholders to address coastal resilience and maritime transition.Moreover, the group continues to advance its Road to '2030 strategy'. This includes the 50Steel Almax, the first superyacht to feature a methanol fuel cell system, and Bluegame’s hydrogen-powered BGH-HSV support vessel, developed for zero-emission operations during the America’s Cup."By aligning investment, infrastructure and policy, it is possible to unlock the next phase of sustainable &nbsp;maritime mobility and support the wider integration of alternative propulsion technologies across &nbsp;Europe,” Perotti concluded.

Sanlorenzo Venice Climate Week

Sanlorenzo is calling for urgent investment in alternative fuel infrastructure across Europe at the Venice Climate Week 2026.

Sanlorenzo urges acceleration of green methanol infrastructure at Venice Climate Week

The 24.3-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> motor yacht Visotta has been sold and renamed <a data-gid="gid://syiq/Yacht/11848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Besame Mucho24.3m (79'9&quot;)Codecasa S.p.A.1995">Besame Mucho</a>. Lorenzo Tosi of <a data-gid="gid://syiq/Company/5022" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timone Yachts (Company)">Timone Yachts</a> represented both the buyer and the seller.<img src="https://photo-assets.superyachttimes.com/photo/396222/image/large-db8da0028a70703d7cb78287f1d649d1.png" data-gid="gid://syiq/Photo/396222"><a data-gid="gid://syiq/Yacht/11848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Besame Mucho24.3m (79'9&quot;)Codecasa S.p.A.1995">Besame Mucho&nbsp;</a>was delivered as Lady Hawk in 1995 and was built out of aluminium. Her naval architecture was created in-house by her Italian builder, with exteriors crafted by <a data-gid="gid://syiq/Company/409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andrea Bacigalupo (Company)">Andrea Bacigalupo</a> and her interiors penned by <a data-gid="gid://syiq/Company/186" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Della Role Design (Company)">Della Role Design</a>.She can accommodate up to six guests across three well-appointed staterooms. Meanwhile, her flybridge provides an area for guests to dine alfresco or lounge in the comfortable seating.&nbsp;In terms of propulsion, <a data-gid="gid://syiq/Yacht/11848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Besame Mucho24.3m (79'9&quot;)Codecasa S.p.A.1995">Besame Mucho</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 33 knots.Photo courtesy of <a data-gid="gid://syiq/Company/5022" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timone Yachts (Company)">Timone Yachts</a>.

Codecasa yacht Besame Mucho sold

The 24.3-metre Codecasa motor yacht Visotta has been sold and renamed Besame Mucho.

24m Codecasa yacht Visotta sold and renamed Besame Mucho

<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.

Mergers & Acquisitions

Squircle Capital now 93% shareholder of MB92 Group