For the past decade, SuperYachtTimes.com has been, and continues to be, the leading website covering the events and developments within the superyacht industry. Just as the industry has experienced growth and adjustments over the last 10 years, so too have SuperYachtTimes.com changed and evolved to continuously bring you the most up-to-date news in an informative, easy-to-digest, and fun way. We are as pumped up and driven as ever to continue to bring you - the captains, guests, owners, industry professionals, and yachting enthusiasts - the latest news and coolest photos in the world of luxury yachting.

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SuperYachtTimes.com celebrates 10 years online this month

<a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> has announced an exclusive appointment as the agent for <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> in Asia. This strategic partnership hopes to bring together the two iconic brands, both of which are renowned for their commitment to excellence, craftsmanship, and pioneering in the yachting industry.<img src="https://photo-assets.superyachttimes.com/photo/309284/image/large-93bdce7c99289d2ae58e9267a68f7e82.jpg" data-gid="gid://syiq/Photo/309284">Operating as one of Asia-Pacific’s leading yacht sales and service companies, <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> has already begun a new strategic chapter, with the retirement of the company’s founder, Mike Simpson and the recent acquisition by <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, announced on 5th March 2024.Read:&nbsp;<a data-gid="gid://syiq/Article/59876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo acquires 95% of Simpson Marine Group (2024-03-06 09:45:00 +0100)">Sanlorenzo acquires 95% of Simpson Marine Group</a><a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)"><img src="https://photo-assets.superyachttimes.com/photo/309290/image/large-bbfa5629e30fe9af8305cc907df9a4c3.jpg" data-gid="gid://syiq/Photo/309290">Simpson Marine</a> now plans to expand beyond Asia and continue operating as a multi-brand dealership with an updated brand portfolio including <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, <a data-gid="gid://syiq/Company/5648" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluegame (Company)">Bluegame</a>, <a data-gid="gid://syiq/Company/2793" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairline Boats Ltd (Company)">Fairline</a> and <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>.“This notable addition to our portfolio consolidates our presence in the high-end yachting market segment, offering our customers a range of yachts sharing the same principles of the highest craftsmanship and artisan approach,” explained Richard Allen, Chief Operating Officer of <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a>.<img src="https://photo-assets.superyachttimes.com/photo/309292/image/large-c02fb38a81ceb3b6ad6502ea55d75d7f.jpg" data-gid="gid://syiq/Photo/309292">The collaboration between <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> and <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> will be officially launched at the <a data-gid="gid://syiq/Event/222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Singapore Yachting Festival - 2024">Singapore Yachting Festival</a>, taking place this week from 25 to 28 April.&nbsp;"The strong network, the key locations and the highly qualified sales and service teams of <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> will bring the best opportunities to develop the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> brand in some established and upcoming markets of Asia,” added Olivier Decamps, Asia-Pacific Regional Director at <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>.<a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)"><img src="https://photo-assets.superyachttimes.com/photo/309293/image/large-1d9c30ee6bab86a4338b2dcedc4263c5.jpg" data-gid="gid://syiq/Photo/309293">Simpson Marine</a> is committed to growing the Asia-Pacific market, with the inaugural <a data-gid="gid://syiq/Event/213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit">Asia-Pacific Superyacht Summit</a> being held under the patronage of <a data-gid="gid://syiq/Company/7547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Superyachts (Company)">Simpson Superyachts</a>. Taking place in Hong Kong on the 5 and 6 of June, at the Renaissance Hong Kong Harbour View Hotel, the summit aims to develop the Asian superyacht market, in a bid to attract more yachts to the region.James Clayton, Sales Director for <a data-gid="gid://syiq/Company/7547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Superyachts (Company)">Simpson Superyachts</a> is also one of the confirmed speakers at the event for the topic of “Selling superyachts in Asia”You can<a data-gid="gid://syiq/Article/59887" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit 2024 programme announced (2024-04-04 17:00:00 +0200)">&nbsp;find out more about the Asia-Pacific Superyacht Summit</a> and <a href="https://www.eventbrite.nl/e/asia-pacific-superyacht-summit-2024-tickets-810039679487" rel="noopener noreferrer" target="_blank" title="">purchase tickets here</a>.

Simpson Marine appointed Asia's exclusive agent for Nautor Swan

Simpson Marine has announced an exclusive appointment as the agent for Nautor Swan in Asia.

Simpson Marine appointed as exclusive agent for Nautor Swan in Asia

The 98.4-metre <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a> superyacht <a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017">Aviva</a> has reportedly left Malta after her owner, convicted inside-trader Joe Lewis, paid a €5 million fine to the US authorities. The yacht reportedly travelled from Malta along Albania’s coast, before docking at Zakynthos.<img src="https://photo-assets.superyachttimes.com/photo/300951/image/large-2f5e08db5ae6a1fd969e72a40dc16f91.jpg" data-gid="gid://syiq/Photo/300951">British billionaire Joe Lewis was sentenced to three years of probation on 4 April 2024, after pleading guilty to insider trading charges in New York and admitting to sharing business secrets with personal friends.Lewis was sentenced by a federal judge after admitting to repeatedly passing information about four publicly traded companies to his girlfriend, personal pilot, employees and friends, though he did not personally trade or financially benefit from the information shared.<img src="https://photo-assets.superyachttimes.com/photo/291464/image/large-55953f9cd105cbb3f7689ffe4cbcc39c.jpeg" data-gid="gid://syiq/Photo/291464">One of Lewis’ companies, Broad Bay Ltd, also pleaded guilty to securities fraud in the case and agreed to pay a $50 million penalty. According to the Associated Press this is "the largest financial penalty for insider trading in a decade.”According to Bloomberg, Lewis pledged his yacht <a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017">Aviva</a>, along with his private jet to secure his release following his arrest in July. He was prohibited from setting foot onboard the yacht until he had paid a $5 million fine after sentencing, which he settled soon after the verdict in Manhattan.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/59837" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="98m Abeking & Rasmussen superyacht Aviva in Malta (2024-03-01 08:00:00 +0100)">98m Abeking &amp; Rasmussen superyacht Aviva in Malta</a><a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017"><img src="https://photo-assets.superyachttimes.com/photo/291465/image/large-c8a5b4b76e871b101d43dad5b394f424.jpeg" data-gid="gid://syiq/Photo/291465">Aviva</a> had remained in the Mediterranean port for the past year while Lewis faced charges in the US, but has since cruised to the Greek island of Zakynthos earlier last week. The yacht was then seen near Kalamata in southern Greece, although it was unclear whether Lewis was onboard.<a data-gid="gid://syiq/Yacht/5752" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aviva98.4m (322'10&quot;)Abeking & Rasmussen2017">Aviva</a> was delivered in 2017 from Germany and features interior and exterior design by <a data-gid="gid://syiq/Company/56" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Reymond Langton Design Ltd. (Company)">Reymond Langton Design</a>, with naval architecture by her builder <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a>. She boasts eight guest suites, with key amenities including a helipad, padel tennis court, spa and a cinema.<img src="https://photo-assets.superyachttimes.com/photo/43360/image/large-152f9a2cee7ae593d6015229206b47e2.jpg" data-gid="gid://syiq/Photo/43360">

98m yacht Aviva on the move again after convicted owner pays US fine

The 98m Abeking & Rasmussen superyacht Aviva has reportedly left Malta, after her owner Joe Lewis paid a €5 million fine to the US authorities.

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98m superyacht Aviva on the move again after convicted owner pays US fine

Netherlands-based shipyard <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> has announced the retirement of founder Wim van der Valk. <img src="https://photo-assets.superyachttimes.com/photo/308901/image/large-0cfa0ff17e671aa8b5e90856283454ef.jpg" data-gid="gid://syiq/Photo/308901">Wim van der Valk has been at the helm of the shipyard since its foundation in 1967, and his retirement coincided with the celebration of his 79th birthday. As a result of this, a management buyout of Van der Valk’s shares has taken place, financially supported by a family of experienced yacht owners who have previously commissioned three custom superyachts from the <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a>.“<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> has firmly established itself in recent years as one of the only yards in the world with the capacity and flexibility to build all-custom superyachts up to 45 metres in length,” explained <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a>. <img src="https://photo-assets.superyachttimes.com/photo/308902/image/large-44fd1a92471c056f658eaaffd2f05467.jpg" data-gid="gid://syiq/Photo/308902">“The management team of Enrico Theuns, Bram Kooltjes and Yoeri Bijker can leverage on decades of combined experience in the high-end yachting industry and will continue to enjoy the ongoing support of President Emeritus Wim van der Valk as an advisor to the board.”Based in Waalwijk, the Netherlands, <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> boasts 9,000 square metres of facilities, with its seventh construction hall opening last November. As well as this, they also reported a full order book stretching well into 2026, which includes their largest superyacht built to date. <img src="https://photo-assets.superyachttimes.com/photo/272384/image/large-3f79af43b9989549f108404a8d5cf2f1.jpg" data-gid="gid://syiq/Photo/272384">“The significant capital investment will enable <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> to continue growing our unique niche in the market for bespoke yachts between 25 and 45 metres,” commented head of sales Yoeri Bijker.&nbsp;“The new primary shareholders fully understand our yard’s ethos having built several award-winning yachts with us and are committed to ensuring <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk</a> retains its Dutch structure, heritage and quality. We have a solid financial future as an independent entity with various options available for further expansion. Wim’s unrivalled legacy could not be in safer hands.”

Wim Van der Valk retires from Van der Valk shipyard

Netherlands-based shipyard Van der Valk has announced the retirement of founder Wim van der Valk.

Van der Valk Shipyard announces retirement of founder and management buyout

A group of 16 leading boat manufacturers and eight industry associations have come together to develop the first-ever environmental footprint methodology for recreational boats under 24 metres.<img src="https://photo-assets.superyachttimes.com/photo/308823/image/large-7f755a2c28b948b5137b3cb872f411d2.jpg" data-gid="gid://syiq/Photo/308823">Tackling climate change and minimising environmental impact a is a significant challenge for the yachting industry. The industry is committed to addressing emissions across the entire lifecycle, however this is only possible with a unified approach.Developed under the umbrella of the European Boating Industry (EBI), the project will be backed up by a database and assessment tool, to allow small and large manufacturers to access the green transition.Among those involved with the project include, Amel Yachts, Amer Yachts, <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti Group</a>, Bavaria Yachts, <a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Beneteau Group</a>, <a data-gid="gid://syiq/Company/7265" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Del Pardo (Company)">Cantiere del Pardo</a>, Catana Group, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Fountaine Pajot, <a data-gid="gid://syiq/Company/6194" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grand Large Yachting (Company)">Grand Large Yachting</a>, Greenline, Inha Works, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, Sasga, <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a>, and <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>.The environmental sustainability consultancy Quantis has been chosen as technical partner for the project, with ICOMIA, the International Council of Marine Industry Associations, acting as a strategic partner of the project to ensure global alignment.<img src="https://photo-assets.superyachttimes.com/photo/308818/image/large-e1d9f5e94b0e65abeb83a659c96ef5a4.jpg" data-gid="gid://syiq/Photo/308818">“This is a unique and highly welcome cooperation,” explained Robert Marx, President of EBI. “For the first time, competing manufacturers are committed to jointly addressing the sustainability challenge.”The project will be conducted in two phases, first focusing on developing a science-based and transparent environmental footprint methodology to harmonise calculation rules. In the second phase, the focus will be on implementing this with a comprehensive materials database and user-friendly calculation tool.&nbsp;This will allow manufacturers to conduct eco-design and comprehensively reduce environmental impact, as well as communicate the environmental footprint to consumers, stakeholders and regulators. The project hopes to eventually go beyond carbon emissions and include other critical environmental indicators.<img src="https://photo-assets.superyachttimes.com/photo/308824/image/large-13ce8e821b3be7401b58db04e363f78a.jpg" data-gid="gid://syiq/Photo/308824">“The outcomes will allow companies of all sizes to access the green transition without greenwashing, reduce environmental impact and proactively shape the regulatory approach in Europe and globally,” added Robert Marx.This combined effort will allow the yachting industry to comply with the latest EU environmental legislation and be ahead of the regulatory curve. The project has already been presented to the EU Commission and has received strong support.The threshold of 24 metres was chosen to align with EU regulations, and will be based on a coherent Life Cycle Assessment approach, following the stringent EU Product Environmental Footprint Category Rules.“We need a proactive and pragmatic approach to sustainability and this project will develop the tools that industry needs,” concluded Robert Marx.

Boating industry to develop landmark Environmental Footprint Standard 

A group of boat manufacturers and industry associations have come together to develop the first environmental footprint methodology for boats.

Boating industry comes together to tackle sustainability in yachts

In January, <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> announced that it had to enter a restructuring phase, stating that it had to transition from a 'founder-funded entity to an investor-funded one, led by experienced industry professionals." The company has now completed its restructuring, with German-American investor and <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> client Michael Said having acquired the shipyard out of administration to fund the construction of all in-build projects. <img src="https://photo-assets.superyachttimes.com/photo/308337/image/large-812058c3c2553e503fd4e90ebb28dd38.jpg" data-gid="gid://syiq/Photo/308337">The company has also put a new management team in place, led by the new CEO Fabrizio Iarrera, formerly of both <a data-gid="gid://syiq/Company/4387" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monte Carlo Yachts (Company)">Monte Carlo Yachts</a> and Dolce Vita Yachts. Iarrera will run day-to-day operations with support from Michael Said and a board of shareholders. Steve Bell, a veteran manager from manufacturing businesses, has agreed to serve as Vice Chairman of this board and together, they will oversee the new business and assist the new management team to achieve growth.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/308325/image/large-34efb50e8a582c4756be751867e7f036.jpg" data-gid="gid://syiq/Photo/308325">New CEO Fabrizio Iarrera commented, "<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> is known and recognised throughout the yachting world for developing the technology to make electric catamarans a reality. There are costs associated with creating an entirely new market, and the original business fell prey to these, at a time when price inflation everywhere was spiralling out of control."<img src="https://photo-assets.superyachttimes.com/photo/308333/image/large-6e974e48db713ec1223b3e352e089d51.jpg" data-gid="gid://syiq/Photo/308333">Michael Said has acquired <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> through his acquisition firm Helios Yacht Investments GmbH and has taken control of all assets and intellectual property, including the yachts' design and the shipyard in Fano. Said's investment protected the companies 140 employees jobs and has enabled the yard to continue its production, with the company also announcing the launch of the first <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent</a> 62 catamaran. A further seven of the model are due to launch this year. <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent Yachts</a> has also confirmed that it will launch the first 23.95-metre <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent</a> 80 model in 2025, the first of which were due for delivery this year.&nbsp;Iarrera added, "Our yacht owners are passionate about the brand and the yacht itself, as our very strong pipeline of orders shows. For Michael Said, it was an easy decision to invest in a restructured S<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">ilent Yachts</a>, and many of our other owners are just as keen. We know we have a job to do to rebuild the brand's reputation, but we've been thrilled by the positive reception we've had from those who have already put in orders."Over the coming two years, the focus of the yard will be to complete all projects currently under construction and will offer additional build slots of 2025 and 2026.

Silent Yachts new ownership

Silent Yachts announces new management and ownership.

Silent Yachts announces new ownership and management

<a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> has announced the appointment of Ale Navarro as Sales Broker and Partner. Ale Navarro joins <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> with a plethora of knowledge and experience within the industry. <img src="https://photo-assets.superyachttimes.com/photo/308364/image/large-b9cefa9914c17c0a51423ecc19391e77.jpg" data-gid="gid://syiq/Photo/308364">Navarro developed a passion for yachting from a young age, where he spentless countless hours sailing with his family in Colonia and Punta del Este, Uruguay. From here, a deep understanding and appreciation of the water was instilled into him, laying the foundation for his career in the industry.“We are delighted to welcome Ale Navarro to the <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> team,” added Altea Llakmani, COO and Co-Founder of <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a>. “His unwavering passion for the yachting industry, coupled with his robust client relationships and track record of success, make him an invaluable addition to our Company.”Ale Navarro ascended through the ranks from dayworker to captain, serving 10 years under one of the most prolific American superyacht owners. His passion, coupled with his career has led him to be a highly respected individual within the industry.Read:&nbsp;<a data-gid="gid://syiq/Article/49640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Market Watch: Ale Navarro from HMY Yachts (2019-03-05 16:00:00 +0100)">Market Watch: Ale Navarro from HMY Yachts</a><img src="https://photo-assets.superyachttimes.com/photo/65752/image/large-6084768b5300bd3d637c39124ee025be.jpg" data-gid="gid://syiq/Photo/65752">“My decision to join <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI Yacht Group</a> was motivated by a shared commitment to excellence and a mutual dedication to delivering unparalleled client experiences,” expressed Navarro. I saw an opportunity to align myself with a brokerage house that reflects my own values and aspirations. I am eager to contribute to a team that shares my passion for exceeding client expectations.”Ale Navarro’s specialty lies in new yacht construction, where he was recognised as one of the top sellers for <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> USA, and broker of the year at <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY Yachts</a> in 2023.&nbsp;“As we continue to evolve and expand, Ale’s presence as a business partner will undoubtedly facilitate our growth and strengthen our team dynamics, added Altea Llakmani. “At <a data-gid="gid://syiq/Company/5812" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="FGI Yacht Group (Company)">FGI</a>, we pride ourselves on fostering a familial atmosphere, and Ale’s energy, enthusiasm, and drive align perfectly with our ethos. We are thrilled to have him onboard”

FGI Yacht Group appoints Ale Navarro as Sales Broker and Partner

FGI Yacht Group has announced the appointment of Ale Navarro as Sales Broker and Partner. 

Ale Navarro joins FGI Yacht Group as Sales Broker and Partner

Dalian Wanda Group, a leading Chinese conglomerate and the nation's largest shopping mall operator, has allegedly agreed to sell <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker International</a> to Lionheart Capital, according to unnamed sources.<img src="https://photo-assets.superyachttimes.com/photo/302702/image/large-858045b13f3d301dc91e38c975c0fb75.jpg" data-gid="gid://syiq/Photo/302702">The Dalian Wanda Group acquired the UK-based yacht company in 2013, with a total investment value of £320 million and a 91.81% majority stake in the company. According to online news company Bloomberg, a purchase agreement has been signed and is awaiting approval from the British regulatory authorities.Read:&nbsp;<a data-gid="gid://syiq/Article/41092" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wanda announces completion of Sunseeker acquisition (2013-08-27 00:00:00 +0200)">Wanda announces completion of Sunseeker acquisition</a><img src="https://photo-assets.superyachttimes.com/photo/308047/image/large-8327d3e80c4316d7b9db9f4cfea909c8.png" data-gid="gid://syiq/Photo/308047">Miami-based investment firm Lionheart Capital is led by Chief Executive Officer Ophir Sternberg, with the company backing businesses from various different business sectors. In 2021, the company participated in a consortium that acquired powerboat manufacturer Cigarette Racing Team.Read:&nbsp;<a data-gid="gid://syiq/Article/53034" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luxury powerboat company Cigarette Racing under new ownership (2021-05-27 10:15:00 +0200)">Luxury powerboat company Cigarette Racing under new ownership</a>According to Bloomberg, the Wanda Group faced challenges as borrowing costs increased and Beijing implemented stricter regulations on the property sector.&nbsp;SuperYacht Times reached out to <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>, however, they had nothing further to add to the discussion at this time.

Sunseeker International plans to be sold to Lionheart Capital

Wanda Group has allegedly agreed to sell Sunseeker International to Lionheart Capital, according to unnamed sources.

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Sunseeker International allegedly to be sold to Lionheart Capital 

Paolo Pininfarina, Chairman of the <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina Group</a> has passed away aged 65 in Turin, Italy, surrounded by his loved ones. <img src="https://photo-assets.superyachttimes.com/photo/210197/image/large-3c9b5d8b35377c2421139f493234c16e.jpg" data-gid="gid://syiq/Photo/210197">Paolo Pininfarina had led the company as Chairman since 2008, following the death of his brother Andrea. Guided by the principles laid down by his grandfather, Battista "Pinin" Farina, Paolo embarked on a journey to redefine automotive aesthetics and functionality.Under Paolo's stewardship, the <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina Group</a> shaped the contours of automotive icons for prestigious brands like Ferrari, Maserati, and Alfa Romeo. His leadership guided the company through a diversification process in the 1980s, expanding its influence beyond automotive design to become a benchmark in various design fields.Read:&nbsp;<a data-gid="gid://syiq/Article/53979" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="At the studio with the perfect proportions of Pininfarina (2021-10-29 15:45:00 +0200)">At the studio with the perfect proportions of Pininfarina</a><img src="https://photo-assets.superyachttimes.com/photo/45430/image/large-570ccdbf09398bd8531b8ea44bd323e5.jpg" data-gid="gid://syiq/Photo/45430">The studio is known for projects such as the <a data-gid="gid://syiq/Company/7047" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Beneteau (Company)">Beneteau</a> 45F5, which introduced a new aesthetic to sailboat design in 1990; <a data-gid="gid://syiq/Yacht/7764" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Destriero67.7m (222'1&quot;)Fincantieri Yachts1991">Destriero</a>, the record-breaking motor yacht launched by <a data-gid="gid://syiq/Company/295" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fincantieri Yachts (Company)">Fincantieri</a> in 1991; the Primatist G46 Aerotop sports cruiser for Bruno Abbate; and the super-fast but minimalist Magnum 80 in 2008.From here the firm has partnered with studios and shipyards such as <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a>, <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a>, and <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni</a>. In 2017, <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina</a> joins forces with <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> with the R35, before expanding to other larger models. &nbsp;&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/48734" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Preview: Princess and Pininfarina team up on new X95 design (2018-07-10 13:00:00 +0200)">Princess and Pininfarina team up on new X95 design</a><img src="https://photo-assets.superyachttimes.com/photo/307973/image/large-874e20f35b25a18d3407f60bf391e7fd.jpg" data-gid="gid://syiq/Photo/307973">“Today, we mourn the loss of a visionary leader, but we also celebrate the enduring impact of Paolo Pininfarina's life and work,” added <a data-gid="gid://syiq/Company/4640" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pininfarina (Company)">Pininfarina</a>. “His spirit will continue to inspire us as we carry forward his legacy of innovation and excellence.”

Paolo Pininfarina Chairman of the Pininfarina Group passes away

Paolo Pininfarina, Chairman of the Pininfarina Group has passed away aged 65 in Turin, Italy, surrounded by his loved ones. 

Paolo Pininfarina: Chairman of the Pininfarina Group passes away aged 65

<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has officially announced the resignation of Ferruccio Rossi, the company's General Manager and President of Superyachts. Effective April 8, Rossi has relinquished the powers previously granted to him by the board of directors on April 28 and June 22, 2022. Additionally, his tenure as an executive officer of the company will consensually conclude on April 30.<img src="https://photo-assets.superyachttimes.com/photo/303635/image/large-17db85de10541d2a319f0fac04440ee3.jpg" data-gid="gid://syiq/Photo/303635">Rossi will retain his role as a director without the delegated authority at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> until the end of October, receiving the same compensation accorded to non-executive directors. Furthermore, he will progressively resign from his positions within the other companies in the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo group</a>.Ferruccio Rossi commented: "These almost 10 years at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> have been an extraordinary and satisfying period, both at corporate and personal level. I would like to thank Massimo Perotti who has given me the opportunity to live by his side such an extraordinary moment in the history of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, a wonderful company that will continue to reap new successes as it well deserved over the years. The People of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> have given me so much over these years and my gratitude embraces all of them, People whose every-day passion makes the difference. A special thanks to my wife Glenda, always by my side in the challenges of life."<img src="https://photo-assets.superyachttimes.com/photo/250520/image/large-0a3fbeca280e8c3933c53ff570e0aa4f.jpg" data-gid="gid://syiq/Photo/250520">The parties have agreed to activate the non-competition agreement established at the time of hiring, which will remain in effect until April 30, 2025. Additionally, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and Ferruccio Rossi are exploring the possibility of entering into a collaboration agreement, which would enable them to work together on the development of specific projects. The Company specified that Ferruccio Rossi holds 259,618 <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> sharesMassimo Perotti, CEO and Chairman of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, commented, “Over the last 10 years, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has experienced substantial growth, which has strengthened its positioning in the luxury yachting sector, also internationally. I would like to thank Ferruccio Rossi, who contributed to this growth by holding strategic positions within <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> Group. I am sure that the new and different relationship that is under negotiation with Ferruccio Rossi will be just as successful. I confirm that <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>'s organisation adequately absorbs the functions that were carried out by Ferruccio Rossi”.

Sanlorenzo and Ferruccio Rossi part ways

Sanlorenzo has officially announced the resignation of Ferruccio Rossi, the company's General Manager and President of Superyachts.

Ferruccio Rossi steps down from Sanlorenzo

For our latest edition of Entrepreneur in Yachting for&nbsp;<a href="https://www.superyachttimes.com/yacht-news/issue-48-superyacht-times-newspaper" rel="noopener noreferrer" target="_blank" title="">Issue 48</a> of the SuperYacht Times newspaper, Francesca Webster sat down with Josh Richardson, Founder and CEO of&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tenders &amp; Toys</a>.<img src="https://photo-assets.superyachttimes.com/photo/303861/image/large-4aed28d1595ca94dd8dbe8c2f1ee84d4.jpeg" data-gid="gid://syiq/Photo/303861">Can you share the inspiration and vision behind the founding of <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a> (SYTT)?&nbsp;Essentially it was due to a need for a go-to company offering management consultancy and procurement for tenders and toys on a new-build project I was working on as a yacht manager. As I could not find anyone who offered what I needed, I thought it was something the world needed! Turns out it did – phew! The tenders and toys had always been a specific area of interest for me as a previous captain and a yacht manager, and I believed I had a very specific skill set which others could use on their projects! Prior to <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">SYTT</a> I was Chief Instructor of a yacht training school, so had a huge amount of experience in all manner of craft. I also had a job driving boats in films, followed by captaining various sailboats between the UK and NZ, followed by a few years working for <a data-gid="gid://syiq/Company/2220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hill Robinson (Company)">Hill Robinson Yacht Management</a>. <img src="https://photo-assets.superyachttimes.com/photo/303864/image/large-056c07999a8a74c083bc6d9ac61fd644.jpeg" data-gid="gid://syiq/Photo/303864">Could you elaborate on some key milestones and challenges that have shaped the company's journey so far?&nbsp;Initially it was just my wife and I working from home but very quickly we grew with seemingly large steps such as getting offices, warehousing and growing our staff. In recent years with Brexit, covid and the Ukraine war this has certainly caused some additional challenges. Some of these are positive, such as us setting up a Monaco company and extending our warehousing to Nice to cater for EU clients.We were ahead of the market (first to market) in the offering we were doing as a business when we set up and that certainly helped us grow as a business. Typical tenders onboard yachts were a <a data-gid="gid://syiq/Company/2473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Novurania (Company)">Novurania</a> or a <a data-gid="gid://syiq/Company/5361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zodiac Maritime Ltd. (Company)">Zodiac</a> and toys were usually a Jet Ski and towable. As we know this has greatly changed, with tenders and toys being critical to the enjoyment and marketing of a yacht, with a typical 50 metre spending approximately €100k on a new-build toys setup and yachts having multiple, often custom yacht tenders, limousines and chase boats. In the very early days, many tender manufacturers were unknown and poorly marketed, and our experience made a huge difference in helping guide clients into the best craft for their needs.<img src="https://photo-assets.superyachttimes.com/photo/303865/image/large-c67e542ebaca2327d33f9f53256808f2.jpeg" data-gid="gid://syiq/Photo/303865">In terms of milestones one significant one was where we won a Queen's Award and met the Royals at Buckingham Palace in 2017. We also won numerous other awards such as the British Marine Federation (BMF) Best Marine Business to work for, BMF Business of the Year and Sunday Times Fasttrack awards showing company growth. Other milestones are some large new-build orders which we got a lot of PR and marketing from. We have been lucky to work with some innovative owners and an example which instantly springs to mind is the original Ulysses U107 (now <a data-gid="gid://syiq/Yacht/4946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andromeda107.4m (352'4&quot;)Kleven Maritime AS2016">Andromeda</a>) and U116 (now <a data-gid="gid://syiq/Yacht/5796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Multiverse116.0m (380'7&quot;)Kleven Maritime AS2018">Multiverse</a>) made by <a data-gid="gid://syiq/Company/2996" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kleven Maritime AS (Company)">Kleven</a>. On these we completed the full tenders and toy outfitting, showcasing what it is we do. We are now involved in a lot of large new-builds in a similar capacity. In truth, the larger the project the more value we add and are often considered an extension to a new-build team.<img src="https://photo-assets.superyachttimes.com/photo/203481/image/large-f2ec189e8856bb169bf1f545e7f7c8b7.jpg" data-gid="gid://syiq/Photo/203481">How has the company evolved to meet the changing demands of the industry?&nbsp;There have been several changes over the years to <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">SYTT</a> and we are now a Group of companies. This includes:&nbsp;• <a data-gid="gid://syiq/Company/6281" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shipyard Supply co (Company)">Shipyard Supply Co</a>, setup in 2018, specifically aimed at manufacturing and selling our own deck equipment out of our Suffolk, UK HQ. This includes transom fenders, carbon pillar fenders, tender whips and more.• Incorporating <a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">SYTT</a> MC in 2019, our Monaco business, required due to Brexit but also setup to increase our presence to operational yachts and toy rental in the Med.• Launching <a data-gid="gid://syiq/Company/6504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ROAM (Company)">ROAM</a> boats in 2021, our own brand of aluminium adventure yacht tenders.• Bringing to market our own Superyacht Inflatables, manufactured in the EU and made from a recyclable TPU instead of PVC.&nbsp;A constant theme with our businesses has been the development to offer what the market is after and adjust what we offer to suit, constantly being in evolution. The requests we got back in 2011 are very different to what we now receive. An example of this is that we used to get asked to populate a tender garage and had a very loose brief. Nowadays people are more educated and know specifically what they want. One significant change for us as a business is that now, in 2023, an increasing number of clients are after a manufacturer direct relationship. This is partly due to price, to ensure the best value, service and communication. <img src="https://photo-assets.superyachttimes.com/photo/221830/image/large-dcfd9578fc59eae1b469069b3c099f14.jpeg" data-gid="gid://syiq/Photo/221830">As the CEO, what strategies have you employed to foster a culture of innovation within the company?Innovation has been easy! Clients simply ask us to develop new things, whether that be products or services. In terms of personnel we are a very relaxed office and everyone mucks in at all levels. Office doors are always open and both Claire and I have always shared all information throughout the company. This is done face to face but we also share info internally on newsletters, days out and corporate events. Everyone is as important as each other, that is why we have things such as company wide bonuses, which are the same value if junior admin to senior management.<img src="https://photo-assets.superyachttimes.com/photo/303862/image/large-e593931158c77696b4e0c14e5b233bca.png" data-gid="gid://syiq/Photo/303862">Are there any strategic partnerships or collaborations that have played a significant role in the growth and success of&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a>?&nbsp;There are a number of ones here, and thinking about this they mostly rotate around who we like, are friends with and trust. Exceptional relationships on the tenders side have been <a data-gid="gid://syiq/Company/5749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ribeye Tenders (Company)">Ribeye</a>, <a data-gid="gid://syiq/Company/4767" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Compass Tenders Ltd (Company)">Compass</a> and <a data-gid="gid://syiq/Company/4611" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Argo Navis (Company)">Argo Navis</a>. On the toys side it is hard to look past JOBE, Watersports World and Flite.&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a>&nbsp;has expanded its scope beyond traditional yacht toys. Can you share insights into the diversification of the company's offerings and how this has contributed to its overall success?&nbsp;There are actually a few ways to answer this. We made our name back in 2011 being a one stop shop. Whether this be fenders, toys, tenders, ropes, gym equipment, procurement and much more. I remember us shipping bottled water around the world for one yacht! We have however had a mini reset in recent years and we now do not market ourselves like this. We no longer do procurement of anything other than tenders and toys. We are very good at what we do, often being seen as a management consultancy and having unique industry experience and do not want to compete with procurement companies selling toilet rolls, crockery, cushions and filters. This change was mainly due to a combination of seeing which products do well for us as a business. Procurement was the worst and one which no staff enjoyed. Since making this change, which felt quite brave at the time, profits have more than doubled in three years and clients are respecting us as the authority on all things tenders and toys.<img src="https://photo-assets.superyachttimes.com/photo/303867/image/large-189d771c72cd6c82c98a9ecb6a4cbdef.png" data-gid="gid://syiq/Photo/303867">What exciting developments and innovations can we expect from&nbsp;<a data-gid="gid://syiq/Company/2854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Tenders and Toys (Company)">Superyacht Tender and Toys</a>&nbsp;in the near future?&nbsp;We have some great new <a data-gid="gid://syiq/Company/6504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ROAM (Company)">ROAM</a> tenders soon to hit the water in 2024. These include a 11 metre owners landing craft, a 9.3 metre and 7.5 metre beachlander, some inflatable landing crafts and an electric RIB. Other than that we are involved in almost all large yacht builds delivered from <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>, <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> and others. On the fun front we are working on plans to cycle across the channel on a hydrofoiling bike and skydive from a helicopter in Monaco!Finally, what advice would you give to prospective entrepreneurs in this sector?I would tell them it is terrible, you will never earn money and to look for a different sector! Go and sell crew uniforms or something! Regardless of which sector however, if you work harder, longer and are determined at something you enjoy, then you have all the foundation blocks to be successful.&nbsp;This article is featured in&nbsp;<a href="https://www.superyachttimes.com/yacht-news/issue-48-superyacht-times-newspaper" target="_blank">Issue 48</a>&nbsp;of the SuperYacht Times newspaper.&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">Subscribe now</a>&nbsp;to receive your copy straight to your door and never miss another issue.&nbsp;

Josh Richardson of Superyacht Tenders & Toys 

For our latest Entrepreneur in Yachting, we sat down with Josh Richardson of Superyacht Tenders and Toys.

"I couldn't find anyone who offered what I needed, so I created it!" CEO Josh Richardson of SYTT

<a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing Yachts</a> has announced the launch of the fourth 42.98-metre <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> 140 yacht, <a data-gid="gid://syiq/Yacht/10556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arina42.98m (141'0&quot;)Pershing S.p.a.2024">Arina</a> from the superyacht yard in Ancona, Italy.<img src="https://photo-assets.superyachttimes.com/photo/309464/image/large-c55f113b6b29e80cdd2866708220b247.jpg" data-gid="gid://syiq/Photo/309464"><a data-gid="gid://syiq/Yacht/10556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arina42.98m (141'0&quot;)Pershing S.p.a.2024">Arina</a> features exterior design by <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Yacht Design</a>, with naval architecture by her builder <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>. The <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> 140 model is also the first to be built at the yard, following the launch of the third hull Cabo last year.Read: <a data-gid="gid://syiq/Article/57563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Third highly-customised 43m Pershing 140 yacht launched (2023-05-09 14:00:00 +0200)">Third highly-customised 43m Pershing 140 yacht launched</a><img src="https://photo-assets.superyachttimes.com/photo/309458/image/large-1d9d673f849930cc0fe12feddc5cd298.jpg" data-gid="gid://syiq/Photo/309458">Constructed with an aluminium hull and superstructure, <a data-gid="gid://syiq/Yacht/10556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arina42.98m (141'0&quot;)Pershing S.p.a.2024">Arina</a> showcases sleek and sporty exterior lines, while staying true to the <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> DNA. A key defining feature is her two side wings, which are incorporated into the superstructure at the start of the walkways. <iframe width="640" height="360" src="https://player.vimeo.com/video/938245415?share=copy" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> The owner of the fourth <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> 140 yacht opted for nature-themed decorative panels in the lobby and main saloon, featuring special three-dimensional fabrics, and contrasting pale colour shades in the same palette.<img src="https://photo-assets.superyachttimes.com/photo/309459/image/large-b947d5f9ccd12b77f716ddeada1d004e.jpg" data-gid="gid://syiq/Photo/309459">This is paired with black wood, in contrast with pale-coloured leathers, which help to enhance <a data-gid="gid://syiq/Yacht/10556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arina42.98m (141'0&quot;)Pershing S.p.a.2024">Arina</a>'s soft decor. In addition to this, her interior features personalised embossed patterns in the classic Pershing style.<a data-gid="gid://syiq/Yacht/10556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arina42.98m (141'0&quot;)Pershing S.p.a.2024">Arina</a> can comfortably accommodate up to eight guests across a four stateroom configuration, with her master suite, adorned in natural beige shades, is located on the main deck. A second master suite on the lower deck follows the same colour scheme, while two VIP suites, designed for children, are decorated in a colour palette of blue and grey.<img src="https://photo-assets.superyachttimes.com/photo/309461/image/large-c6c3f7d5bcc4a355cd3be6095a556d5d.jpg" data-gid="gid://syiq/Photo/309461">The raised main deck of <a data-gid="gid://syiq/Yacht/10556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arina42.98m (141'0&quot;)Pershing S.p.a.2024">Arina</a>, with direct access to the sun deck, contains the helm station, which has been customised with colours and leathers in shades of light grey. Her main deck includes a bar cabinet in the lounge, featuring a special turquoise lacquering that adds a unique character to this decorative element. <img src="https://photo-assets.superyachttimes.com/photo/309460/image/large-0d70956240800e6a97c3a9770406584b.jpg" data-gid="gid://syiq/Photo/309460">In terms of performance, <a data-gid="gid://syiq/Yacht/10556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arina42.98m (141'0&quot;)Pershing S.p.a.2024">Arina</a> is equipped with four <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, propelling her to an impressive top speed of 36 knots, with a cruising speed of 30 knots.According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SYT iQ</a>, <a data-gid="gid://syiq/Yacht/10556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arina42.98m (141'0&quot;)Pershing S.p.a.2024">Arina</a> will join her sisterships <a data-gid="gid://syiq/Yacht/8832" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cabo42.98m (141'0&quot;)Pershing S.p.a.2023">Cabo</a>, <a data-gid="gid://syiq/Yacht/6827" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Touch Me43.3m (142'1&quot;)Pershing S.p.a.2020">Touch Me</a> and the first hull, <a data-gid="gid://syiq/Yacht/6070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Chorusline42.98m (141'0&quot;)Pershing S.p.a.2019">Chorusline</a> in the water. <img src="https://photo-assets.superyachttimes.com/photo/309462/image/large-baf5507845652e6b05fa30b84197b901.jpg" data-gid="gid://syiq/Photo/309462">

Fourth Pershing 140 motor yacht Arina launched

Pershing Yachts has announced the launch of the fourth 42.98-metre Pershing 140 yacht, Arina from the superyacht yard in Ancona, Italy.

Video: Fourth 43m Pershing 140 superyacht Arina launched

The 26.21-metre <a data-gid="gid://syiq/Company/1364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Permare s.r.l. (Company)">Permare</a> motor yacht Miss Marta sold and renamed <a data-gid="gid://syiq/Yacht/13801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Gio26.21m (85'12&quot;)Permare s.r.l.2007">Lady Gio</a>, with 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> introducing the buyer and Gianni Ricciardi of <a data-gid="gid://syiq/Company/4722" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Forward Yachts (Company)">Forward Yachts</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/309428/image/large-06827245c23b3a140199b1bd2c7b6d19.jpeg" data-gid="gid://syiq/Photo/309428">Delivered in 2007 by <a data-gid="gid://syiq/Company/1364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Permare s.r.l. (Company)">Permare</a>, the flybridge yacht, which has a beam of 6.1-metre and a draft of 1.8-metres, features naval architecture created in-house by her Italy-based shipyard.<img src="https://photo-assets.superyachttimes.com/photo/309437/image/large-a3f688fd073e0479b4a10a7f32781c04.jpeg" data-gid="gid://syiq/Photo/309437"><img src="https://photo-assets.superyachttimes.com/photo/309438/image/large-2168604cfdfbeb9bd4f01c33b4e896e2.jpg" data-gid="gid://syiq/Photo/309438">At a volume of 96 GT, <a data-gid="gid://syiq/Yacht/13801" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Gio26.21m (85'12&quot;)Permare s.r.l.2007">Lady Gio</a> is capable of hosting up to eight guests across a layout consisting of three guest staterooms, characterised by their natural oak decor. <img src="https://photo-assets.superyachttimes.com/photo/309443/image/large-1ef7d00d9aaa739e0adce9550fe95aa7.jpeg" data-gid="gid://syiq/Photo/309443"><img src="https://photo-assets.superyachttimes.com/photo/309444/image/large-3baf058f6cc8b46a3a06930341dbb19f.jpg" data-gid="gid://syiq/Photo/309444">Moreover, her expansive exterior deck spaces provide plenty of spots for sunbathing, socialising, and alfresco dining.<img src="https://photo-assets.superyachttimes.com/photo/309435/image/large-ef2ff86f21f73e575526c244045a94d4.jpg" data-gid="gid://syiq/Photo/309435">Where the vessel’s performance is concerned, she 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, and reportedly topped 33 knots while on sea trials against waves, and can comfortably reach 20 knots during windy weather conditions.<img src="https://photo-assets.superyachttimes.com/photo/309445/image/large-c36e2f8ff8378ef525d2fca6eb2bc27c.jpg" data-gid="gid://syiq/Photo/309445"><img src="https://photo-assets.superyachttimes.com/photo/309446/image/large-9b77e835a8c0795a86862f06e1b58c08.jpg" data-gid="gid://syiq/Photo/309446">

26m Permare yacht Miss Marta sold and renamed Lady Gio

The 26m motor yacht Miss Marta sold and renamed Lady Gio, with Timone Yachts introducing the buyer and Forward Yachts representing the seller. 


26m Permare motor yacht Miss Marta sold and renamed Lady Gio

While the London-based design firm <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> may be best known for its work within the Turkish superyacht sector, having designed more than 30 yachts in the region, the company’s canon is varied in both design style and yacht type. Led by the inimitable Jonny Horsfield, whose frank, straight talking attitude has led to many close relationships with builders and clients, the studio is home to a deep level of expertise, with a team that specialise in some of the most detailed work found in the global fleet. <img src="https://photo-assets.superyachttimes.com/photo/308201/image/large-7f656666f3ac42ed60e82c2ef71ff971.jpg" data-gid="gid://syiq/Photo/308201">A automotive designer by training, Jonny found his place in yacht design in the late 80s somewhat by chance, cutting his teeth under Martin Francis – designer of the highly recognisable superyachts <a data-gid="gid://syiq/Yacht/11" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A 119.0m (390'5&quot;)Blohm & Voss GmbH2008">Motor Yacht A</a>, <a data-gid="gid://syiq/Yacht/5626" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Golden Odyssey123.2m (404'2&quot;)Lürssen Yachts2015">Golden Odyssey</a>&nbsp;and <a data-gid="gid://syiq/Yacht/901" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zeus74.5m (244'5&quot;)Blohm & Voss GmbH1991">ECO&nbsp;</a>(to name a few). Returning to London in the early-90s, he joined the team at Donald Starkey, alongside Pascale Reymond and Andy Langton, future founders of <a data-gid="gid://syiq/Company/56" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Reymond Langton Design Ltd. (Company)">Reymond Langton Design</a>. Under Starkey, Jonny specialised in interior design, and he describes those years as “the best years of learning for my career.”When Starkey let the team go during the 1993 recession, Jonny and Steve Howard, another of Starkey’s team, decided to go it alone, utilising their experience and contacts gained under Don to pick up work within the Turkish refit market. Officially coining the company <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> (Horsfield and Howard being the two Hs), <a data-gid="gid://syiq/Company/206" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachting Partners International (Company)">Yachting Partners International</a> became a major advocate for the brand’s early success and the refit work was considerable. <img src="https://photo-assets.superyachttimes.com/photo/77954/image/large-842bee5b9290948276598155fd15d277.jpg" data-gid="gid://syiq/Photo/77954">“It was a different refit market back then, quick and somewhat dirty, but we learned a lot about costs, budgeting and about how to keep the client happy. The issue was that we really weren’t building a reputation in the new-build sector so changing that perspective took a lot of work.” By 2006 however, <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a> landed its first new-build with the interior of Talisman C, now <a data-gid="gid://syiq/Yacht/373" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talisman Maiton54.2m (177'10&quot;)Turquoise Yachts2006">Talisman Maiton</a>, at Proteksan, the shipyard that went on to become <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a>. That first build set the ball rolling for new-builds and also forged a hugely successful relationship with the shipyard. <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a> has now launched 10 <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a> yachts, with two more currently in-build.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/280772/image/large-6a60d2ad84d85ed0a07b797a98158dc2.jpg" data-gid="gid://syiq/Photo/280772">While Turkish yachts are only part of the <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a> story, they do make up nearly half of the studio’s portfolio and in some ways Jonny has taken some negative heat over the years for the interior styling of a number of the yachts. The recent launch of the 80-metre <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> superyacht <a data-gid="gid://syiq/Yacht/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leona80.0m (262'6&quot;)Bilgin Yachts2023">Leona</a>, which made it onto the cover of a number of publications and garnered millions of views on social media, is an example of one yacht that, while divisive, demonstrates <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2’</a>s capabilities when it comes to bespoke superyacht interiors.<img src="https://photo-assets.superyachttimes.com/photo/280861/image/large-4fdcc27bcbf5b4f9f516e9fde5e7b11d.jpg" data-gid="gid://syiq/Photo/280861"><img src="https://photo-assets.superyachttimes.com/photo/280792/image/large-6a058140153c6376373dfa183966f71c.jpg" data-gid="gid://syiq/Photo/280792">“<a data-gid="gid://syiq/Yacht/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leona80.0m (262'6&quot;)Bilgin Yachts2023">Leona</a>’s interior is not my style, it's not representative necessarily of the studio’s style, but it also isn’t the role of a yacht designer to force their own style on a client. We never expected <a data-gid="gid://syiq/Yacht/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leona80.0m (262'6&quot;)Bilgin Yachts2023">Leona</a> to be for sale and certainly didn’t expect her to attend a yacht show. For everyone that likes the boat, there is someone that hates it, but it was made for a client who had a very clear vision and it is that vision that we succeeded in creating, which I am proud of.” <img src="https://photo-assets.superyachttimes.com/photo/308206/image/large-38f1f816e359a30c413d3090aca6893e.jpg" data-gid="gid://syiq/Photo/308206">While <a data-gid="gid://syiq/Yacht/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leona80.0m (262'6&quot;)Bilgin Yachts2023">Leona</a>, and somewhat the <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a> yacht <a data-gid="gid://syiq/Yacht/6437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jewels53.0m (173'11&quot;)Turquoise Yachts2023">Jewels</a> launched in 2022, are at one end of the spectrum, other Turkish yachts have also raised the bar for <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a> and its global positioning. One example of this is <a data-gid="gid://syiq/Yacht/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leona80.0m (262'6&quot;)Bilgin Yachts2023">Leona</a>’s sistership <a data-gid="gid://syiq/Yacht/3262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatiana33.3m (109'3&quot;)Bilgin Yachts2006">Tatiana</a> launched in 2020, for which Jonny received a number of plaudits. A contemporary, modern and fresh style, <a data-gid="gid://syiq/Yacht/3262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatiana33.3m (109'3&quot;)Bilgin Yachts2006">Tatiana</a>’s interiors have been widely acclaimed, with many new and international clients coming to the studio on the back of her success. <a data-gid="gid://syiq/Yacht/11565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vento87.0m (285'5&quot;)Turquoise Yachts2024">Vento</a>, the 87-metre <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise</a> due to launch later this year, is set to exhibit yet another of the studio’s capabilities, and will be an interesting yacht to see. <img src="https://photo-assets.superyachttimes.com/photo/308209/image/large-ec49ff618eec8cfda55c4124a2a08c77.jpg" data-gid="gid://syiq/Photo/308209">When it comes to his favourite yachts in the <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a> portfolio, the stand out for Jonny today is the 74.98-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/6415" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arrow74.98m (245'12&quot;)Feadship2020">Arrow</a>, launched in 2020 and hailed as the yacht to see at last year’s boat show in Palm Beach. “If you’d asked me a few years ago I would have said the 123-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> <a data-gid="gid://syiq/Yacht/5968" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Lusail123.0m (403'7&quot;)Lürssen Yachts2017">Al Lusail&nbsp;</a>(exterior by <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a>), but seeing <a data-gid="gid://syiq/Yacht/6415" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arrow74.98m (245'12&quot;)Feadship2020">Arrow</a> at Palm Beach, I was really blown away. I’d not seen the yacht outside of the yard, and while she has a fairly standard profile in terms of lines, the detailing in her proportions are lovely and something I am really proud of.” &nbsp;A knock-out at the show, <a data-gid="gid://syiq/Yacht/6415" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arrow74.98m (245'12&quot;)Feadship2020">Arrow</a> sold during the event, with allegedly as many as 25 millionaires stepping onboard during the course of the week, which is a testament to her design.<img src="https://photo-assets.superyachttimes.com/photo/261070/image/large-877f2ec3b1bec6c03a535c35842aad10.jpeg" data-gid="gid://syiq/Photo/261070"><a data-gid="gid://syiq/Yacht/5968" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Lusail123.0m (403'7&quot;)Lürssen Yachts2017">Al Lusail</a>, one of the largest in <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a>’s canon, is far more radical in her exterior lines, with interconnecting arches throughout her superstructure. Comparing the two boats Jonny explains, “when you look at her you think, that is a spaceship, but in a way her exterior was easier to design, because the brief was ‘do whatever you want, go wild’. Whereas for <a data-gid="gid://syiq/Yacht/6415" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arrow74.98m (245'12&quot;)Feadship2020">Arrow</a> the brief was very particular and fairly conservative and that restriction can be challenging. In a way I am more proud of <a data-gid="gid://syiq/Yacht/6415" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arrow74.98m (245'12&quot;)Feadship2020">Arrow</a> and the way we created this ultra-modern and sleek yacht within more traditional proportions.”&nbsp;While talking about large yachts, it's impossible to not to mention <a data-gid="gid://syiq/Company/5306" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="REV Ocean (Company)">REV Ocean</a>, which is due to be the largest yacht in the world when launched in 2026. Now expected to be around 195-metres, <a data-gid="gid://syiq/Company/5306" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="REV Ocean (Company)">REV</a> has been through some highly publicised delays and developments, but despite the broad exposure, <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a>’s has gone somewhat unmentioned. Involved in the project from a very early point, the owner of <a data-gid="gid://syiq/Company/5306" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="REV Ocean (Company)">REV</a>, the Norwegian businessman Kjell Inge Røkke, first saw <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a>’s work onboard the 107.4-metre Ulysses (now <a data-gid="gid://syiq/Yacht/4946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andromeda107.4m (352'4&quot;)Kleven Maritime AS2016">Andromeda</a>) at the <a data-gid="gid://syiq/Event/13" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2018">Monaco Yacht Show 2018</a>. “He didn’t necessarily like the interior of Ulysses, but Kjell admired what we had done at a commercial shipyard, using cruise ship technology and a tight budget, to create a superyacht finish and so we were commissioned to create the interiors of REV.”<img src="https://photo-assets.superyachttimes.com/photo/308208/image/large-f0eaa1a977e141fe4c590f8d017fa765.jpg" data-gid="gid://syiq/Photo/308208"><img src="https://photo-assets.superyachttimes.com/photo/308207/image/large-9548aa44296343ae53a771e521687c0c.jpg" data-gid="gid://syiq/Photo/308207">With <a data-gid="gid://syiq/Company/5306" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="REV Ocean (Company)">REV</a>’s construction now back underway, Jonny and the team have kicked back into gear, digging out the drawings and revising the interiors, where possible, to align with the new exterior. Kept tightly under wraps, Jonny describes her interiors as “minimal and quite industrial, almost like an apartment in regards to the architecture and aesthetic, with features such as perforated metal doors. It was a really enjoyable project to work on and I’m looking forward to getting stuck back into it over the coming months.”&nbsp;While its portfolio is broad, and Jonny remains firm on the stance that <a data-gid="gid://syiq/Company/161" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="H2 Yacht Design (Company)">H2</a> does not have a house style, when pushed he does infer that the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> superyacht <a data-gid="gid://syiq/Yacht/3262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatiana33.3m (109'3&quot;)Bilgin Yachts2006">Tatiana</a> is most closely aligned with his own stylistic taste. “I would say that ‘house style’ changes over time and develops with the market. <a data-gid="gid://syiq/Yacht/3262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatiana33.3m (109'3&quot;)Bilgin Yachts2006">Tatiana</a> has been a really great project for us and we have seen a lot of demand for the modern and neutral aesthetic – you will recognise it to an extent in Al Reem which is due for launch this year. It's a new thing for me to be ‘mainstream’ because we’ve created so many bespoke and ‘unique’ yachts that this is a very positive moment for the studio.” <img src="https://photo-assets.superyachttimes.com/photo/308204/image/large-7e2f73825573a7a526aef0b641b9bd23.jpg" data-gid="gid://syiq/Photo/308204">This article is featured in <a href="https://www.superyachttimes.com/yacht-news/issue-48-superyacht-times-newspaper" target="_blank">Issue 48</a> of the SuperYacht Times newspaper. <a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">Subscribe now</a> to receive your copy straight to your door and never miss another issue.

Interview with H2 Yacht Design founder Jonny Horsfield

Francesca Webster sits down with Jonny Horsfield, founder of H2 Yacht Design to talk about his expansive canon of work.


The uprising of H2 Yacht Design with Jonny Horsfield

Yachts attending TYBA Charter Show 2024

 We take a look at the luxury yachts promised to be on display at the fifth edition of the highly anticipated TYBA Charter Show 


Yachts attending the TYBA Charter Show 2024

Tuzla-based boat builder <a data-gid="gid://syiq/Company/5300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yonca Onuk JV (Company)">Yonca Shipyard</a> has announced the launch of Mishi Yachts, including the first 26.82-metre cruising sloop <a data-gid="gid://syiq/Yacht/8458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mishi26.0m (85'4&quot;)Yonca Onuk JV2018">Mishi 88</a>. The brand is aimed at producing modern sailing yachts, with the first model already in the water. <img src="https://photo-assets.superyachttimes.com/photo/309374/image/large-819999e24deda8559ec8b4e1bcf9ef79.png" data-gid="gid://syiq/Photo/309374">Founded in 1986, <a data-gid="gid://syiq/Company/5300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yonca Onuk JV (Company)">Yonca Shipyard</a> specialises in the production of defence and law enforcement vessels, but is looking to expand into the leisure marine market. The current facility is capable of producing vessels up to 48 metres, with the possibility of 20 naval and 20 leisure yachts being built each year. <img src="https://photo-assets.superyachttimes.com/photo/309367/image/large-2993302980ba3db0108d10da227f3176.jpg" data-gid="gid://syiq/Photo/309367">“<a data-gid="gid://syiq/Company/5300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yonca Onuk JV (Company)">Yonca</a> is exceedingly well-known in defence and as the skilled builder behind other yachting brands,” said Chairman and founder Şakir Yılmaztürk. “But we are branching out in the leisure sector. We are taking the skills and capabilities honed over 36 years and bringing it to superyachting in a new venture we have named Mishi Yachts.”<img src="https://photo-assets.superyachttimes.com/photo/309371/image/large-1357fdde8704342f5e0a7100fa41ebca.png" data-gid="gid://syiq/Photo/309371"><a data-gid="gid://syiq/Company/5300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yonca Onuk JV (Company)">Yonca</a> is able to build in steel, aluminium and even wood and specialises in high-speed composite vessels, capable of speeds from 40 to 80 knots. The debut designs of Mishi Yachts include the launched 26.82-metre cruising sloop <a data-gid="gid://syiq/Yacht/8458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mishi26.0m (85'4&quot;)Yonca Onuk JV2018">Mishi 88</a> and the 31-metre Mishi 102 yacht. <img src="https://photo-assets.superyachttimes.com/photo/309377/image/large-03edb645abc4c9add636b9b3da758453.png" data-gid="gid://syiq/Photo/309377">Launched in 2019, the <a data-gid="gid://syiq/Yacht/8458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mishi26.0m (85'4&quot;)Yonca Onuk JV2018">Mishi 88</a> is the first yacht in the series and is characterised by elegant lines from <a data-gid="gid://syiq/Company/1500" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Osman Tanju Kalaycioglu (Company)">Osman Tanju Kalaycıoğlu&nbsp;</a>and Özgür Terzioğlu of <a data-gid="gid://syiq/Company/703" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Taka Yacht Design (Company)">Taka Yacht</a>, with interior design by <a data-gid="gid://syiq/Company/2102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aylin Örs (Company)">Aylin Örs</a> of ORS Yacht Design. Composed from carbon composite, the <a data-gid="gid://syiq/Yacht/8458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mishi26.0m (85'4&quot;)Yonca Onuk JV2018">Mishi 88</a> is <a data-gid="gid://syiq/Company/1457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RINA (Company)">RINA</a> classified, with an interior volume of 71 GT. <img src="https://photo-assets.superyachttimes.com/photo/309385/image/large-0092d1caff7d01846ef84f6e5bef2757.png" data-gid="gid://syiq/Photo/309385"><img src="https://photo-assets.superyachttimes.com/photo/309388/image/large-e6215653a0dbc1c1734b63e2c532a5ad.png" data-gid="gid://syiq/Photo/309388">She is able to sleep up to six guests, as well as a crew across two cabins. Her aft staterooms can be converted from singles to a family suite, while her midship stateroom features a bunk bed and can be transformed into an office.<img src="https://photo-assets.superyachttimes.com/photo/309390/image/large-c7d2be3dc0246818a98fdc0f37cda95a.png" data-gid="gid://syiq/Photo/309390"><img src="https://photo-assets.superyachttimes.com/photo/309391/image/large-aca5e4b570593e3b55c06ad757812604.png" data-gid="gid://syiq/Photo/309391">Her lounge area includes fixed and opening L-shaped seating groups, with convertible table to accommodate up to eight guests. The 4.5 square-metre galley onboard the <a data-gid="gid://syiq/Yacht/8458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mishi26.0m (85'4&quot;)Yonca Onuk JV2018">Mishi 88</a> yacht is found in the saloon area, which creates a spacious and open area of seven-metres.<img src="https://photo-assets.superyachttimes.com/photo/309384/image/large-7c1db1a98bf330ae58dd3b11b56b5a4c.png" data-gid="gid://syiq/Photo/309384"><img src="https://photo-assets.superyachttimes.com/photo/309381/image/large-48594f0fe1a904edaad514740842f9aa.png" data-gid="gid://syiq/Photo/309381">In terms of performance, the <a data-gid="gid://syiq/Yacht/8458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mishi26.0m (85'4&quot;)Yonca Onuk JV2018">Mishi 88</a> yacht can reach a top speed of 11.5 knots, with a cruising speed of eight knots. She also boasts an impressive swim platform that is able to accommodate a 3.5-metre inflatable tender.<img src="https://photo-assets.superyachttimes.com/photo/309369/image/large-b93c5e6efd0e491232fcddf6eca9941a.png" data-gid="gid://syiq/Photo/309369">The yard is well used to working with renowned naval architects and designers, as well as using in-house and third-party expertise. As a result, <a data-gid="gid://syiq/Company/5300" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yonca Onuk JV (Company)">Yonca</a> is able to tackle exotic marbles, valuable leathers and other rare materials.<img src="https://photo-assets.superyachttimes.com/photo/309378/image/large-5091d8861965a2076c9d810789205c30.png" data-gid="gid://syiq/Photo/309378">“We are as excited by every new project today as we were when we first launched in 1986,” said Yılmaztürk. “Our reputation rests on our skill with composite work, as well as our ability to design and engineer complex, demanding projects and deliver them on time and on budget. I believe that it is time to bring those skills to a wider market and capture the growth that is our due.”

Mishi Yachts: Yonca Shipyard introduces the first 27m Mishi 88 sailing yacht 

Tuzla-based boat builder Yonca Shipyard has announced the launch of Mishi Yachts, including the first 26.82-metre cruising sloop Mishi 88. 

Yonca Shipyard announces the Mishi Yachts brand of sailing yachts

The Asset Recovery and Management Agency (ARMA) of Ukraine has announced that Troostwijk Auctions has been chosen as the agency to represent the sale of the 92.5-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/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a> at auction. <img src="https://photo-assets.superyachttimes.com/photo/87799/image/large-ddb6f8f552504758842783b87ba7460e.jpg" data-gid="gid://syiq/Photo/87799">The deadline for accepting documents for participation in the competitive selection closed on 18 April at 18:00, with three applicants applying to represent the sale of <a data-gid="gid://syiq/Yacht/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a>. “These are world-renowned auction houses that will take part in the competition," commented Head of ARMA Olena Duma, on the closure of the application process.&nbsp;Applications were received from <a data-gid="gid://syiq/Company/6884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boathouse Auctions (Company)">Boathouse Auctions</a>, Netherlands-based Troostwijk Auctions and US-based National Maritime Services in partnership with Asset Reality Ltd for consideration on the <a data-gid="gid://syiq/Company/6729" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="National Liquidators (Company)">National Liquidators</a> website.&nbsp;Troostwijk Auctions was chosen as the winner today, 23 April, at 12:00 EST in a livestream presented by Grigol Katamadze, chairman of the commission, on the Asset Recovery and Management Agency (ARMA) YouTube channel.&nbsp;“You have taken part in writing a new page in the history of Ukraine” explained Grigol Katamadze, whilst announcing the decision of the commission.Read:&nbsp;<a data-gid="gid://syiq/Article/60039" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="93m seized Feadship superyacht Royal Romance to be sold (2024-03-25 14:30:00 +0100)">93m seized Feadship superyacht Royal Romance to be sold</a> <iframe width="640" height="360" src="https://player.vimeo.com/video/937757508?share=copy" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> Troostwijk Auctions won the vote with a total combined score of 164 points, while <a data-gid="gid://syiq/Company/6884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boathouse Auctions (Company)">Boathouse Auctions</a> finished with 108 points. The application from National Maritime Services in partnership with Asset Reality Ltd was disqualified from the running, due to not meeting some of the qualifications.&nbsp;Within five business days, ARMA must receive a proposal from Troostwijk Auctions to conclude the relevant agreement, draft of which is published by the National Agency in advance. In case of failure by Troostwijk Auctions, <a data-gid="gid://syiq/Company/6884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boathouse Auctions (Company)">Boathouse Auctions</a> will be nominated as the second in line to authorise the sale of <a data-gid="gid://syiq/Yacht/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a>.<img src="https://photo-assets.superyachttimes.com/photo/22426/image/large-98aef598eb390011a1e080f818bc7d97.jpg" data-gid="gid://syiq/Photo/22426">Believed to be owned by former Ukrainian lawyer, business oligarch, and politician Viktor Medvedchuk, <a data-gid="gid://syiq/Yacht/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a> was arrested in Croatia in 2022. Viktor Medvedchuk is allegedly pro-Kremlin and a personal friend of Russian President Vladimir Putin.On 25 January 2024, the District Court of Split (Croatia) inspected <a data-gid="gid://syiq/Yacht/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a> and tested the yacht’s buoyancy and engine operation. The technical inspection was monitored by the Port Captain, with the participation of the Croatian police to ensure legality.&nbsp;Shortly after, a Croatian court ruled to transfer the ownership of the <a data-gid="gid://syiq/Yacht/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a> to Ukraine in January 2024, with Olena Duma issuing a statement that the transfer would happen “as soon as possible.”Read:&nbsp;<a data-gid="gid://syiq/Article/59597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ownership of 93m superyacht Royal Romance transferred to Ukraine (2024-01-29 13:00:00 +0100)">Ownership of 93m superyacht Royal Romance transferred to Ukraine</a><img src="https://photo-assets.superyachttimes.com/photo/309204/image/large-2180dcb5cd0277201778b8d6557f33a6.jpg" data-gid="gid://syiq/Photo/309204">ARMA then announced in March 2024 that <a data-gid="gid://syiq/Yacht/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a> would be sold at auction, with bidding open for representatives to assist the sale.“The winner of the competition will organise and conduct a public sale of this valuable lot and will go down in history as an ally in the victory over evil,” explained Olena Duma. “The one who buys Medvedchuk’s yacht will deal a political blow to Putin’s regime and go down in the history of the world.”Read:&nbsp;<a data-gid="gid://syiq/Article/56487" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="93m seized Feadship superyacht Royal Romance to be auctioned (2022-12-01 18:00:00 +0100)">93m seized Feadship superyacht Royal Romance to be auctioned</a><img src="https://photo-assets.superyachttimes.com/photo/309206/image/large-960072c68a8e11232581dd2cacf5dc56.jpg" data-gid="gid://syiq/Photo/309206">New details unveiled during the bidding process state that <a data-gid="gid://syiq/Yacht/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a> features exterior design and naval architecture by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a>, with interior design penned by <a data-gid="gid://syiq/Company/3036" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seymour Diamond (Company)">Seymour Diamond</a>.<a data-gid="gid://syiq/Yacht/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a> can accommodate up to 14 guests across seven staterooms, with her owner’s deck boasting his-and-hers dressing rooms, a private office, library and a saloon. Also on this floor is a children’s stateroom, while her remaining guest staterooms are situated below. <img src="https://photo-assets.superyachttimes.com/photo/250664/image/large-4cf3a4954c2196fa43e8e8439a7e88f9.png" data-gid="gid://syiq/Photo/250664">Key amenities onboard <a data-gid="gid://syiq/Yacht/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a> include a large swimming pool, cinema, gym, a sauna and spa area, a hammam and a cosmetology treatment room. In terms of performance, <a data-gid="gid://syiq/Yacht/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a> is equipped with twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, which provide her with a top speed of 18.5 knots.&nbsp;<a data-gid="gid://syiq/Yacht/4973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Romance92.1m (302'2&quot;)Feadship2015">Royal Romance</a> is currently located at the berth of the Adria Docks shipyard in the city of Trogir, Republic of Croatia. According to ARMA, the proceeds from her sale will be used to support Ukraine's defence capability.&nbsp;

93m seized superyacht Royal Romance to be sold at auction by Troostwijk Auctions

ARMA has announced that Troostwijk Auctions has been chosen as the agency to represent the sale of the 92.5-metre Feadship superyacht Royal Romance. 

Troostwijk Auctions announced as auction house for the sale of seized superyacht Royal Romance

Having come and gone more than once over the past 150 years, hydrofoils are all the rage again and here to stay this time. The latest technology has overcome many of the shortfalls of older systems, but are foiling superyachts feasible?<img src="https://photo-assets.superyachttimes.com/photo/308780/image/large-abca08ac22ef3c76d219eca23c4a28dd.jpg" data-gid="gid://syiq/Photo/308780">Over the past two decades foiling has taken off, literally and figuratively. It started with the innovative boards designed by surfers, followed by the specialist one-man classes like the foiling International Moths. Then came the high-performance sailing projects such as the 60-foot foiling trimaran l’Hydroptère, which broke the 50-knot barrier in 2008 and hinted at an exciting if highly specialised future for foils. But the idea of foils on mainstream leisure boats and superyachts has always seemed somewhat remote.<img src="https://photo-assets.superyachttimes.com/photo/308784/image/large-93508982c0f2307aa183db514c6f8972.jpg" data-gid="gid://syiq/Photo/308784">More recently, the advent of electric propulsion in tandem with the rising interest in foils, thanks largely to their adoption by the <a data-gid="gid://syiq/Company/6878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailGP (Company)">SailGP</a> and <a data-gid="gid://syiq/Event/190" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="America's Cup 2024 - 37th America's Cup Barcelona">America’s Cup</a> sail racing programmes, has again brought foiling to the fore because they resolve a very basic problem. For boats with electric propulsion, or experimental hydrogen fuel cells in the case of the new <a data-gid="gid://syiq/Event/190" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="America's Cup 2024 - 37th America's Cup Barcelona">America’s Cup</a> chase boats, hydrodynamic drag means that displacement hulls and (to a lesser extent) planing boats struggle to attain a practical range for the given power-carrying capacity between charging. It is here that foils offer a clear advantage: if you can get your boat to emerge from the water and ‘fly’, you don’t need to worry so much about drag and the given power you are carrying in your battery banks can take you that much further. <img src="https://photo-assets.superyachttimes.com/photo/255101/image/large-3c47262ba3d15266b43994009e44c595.png" data-gid="gid://syiq/Photo/255101">“Our strategy is go faster to go further,” says Michael Jost, former Chief Strategy Officer at the VW Group who oversaw the start of the Group’s long-term transition away from fossil fuels. It’s a game plan Jost is employing with his new venture, eD-TEC, which has developed the all-electric eD-QDrive system. SilentYachts is coupling the system with a foiling 28-foot HYSUCAT multihull design to create a 40-knot electric boat that the catamaran builder claims still offers a range of 70 nautical miles.Electric avenue&nbsp;Across the spectrum, the combination of foils and electric drive systems is taking hold. Small boat builders such as Swedish brand <a data-gid="gid://syiq/Company/5799" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Candela Speed Boat (Company)">Candela</a>, <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata</a> in the Middle East, <a data-gid="gid://syiq/Company/6284" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navier (Company)">Navier</a> in the US and Eldorado in the Netherlands, among others, are already building foiling leisure, passenger, water taxi and workboat vessels. The water toy world is alive with eFoil boards and the personal watercraft segment is also getting wise with projects such as the Valo Hyperfoil that adds retractable active foils to electric-drive jet skis.However, things get a little more complicated when it comes to larger craft. The advent of high-speed hydrofoil passenger vessels in the latter part of the 20th century was followed by a marked decline as the limitations of larger foilers became apparent – notably, the need for flat hulls with limited viability in bigger seas, and the potential for striking waterborne objects that could damage or destroy foils made from materials that were not as advanced as they are now.<img src="https://photo-assets.superyachttimes.com/photo/308788/image/large-eb9a1f3f86b23adca1520c7e78078250.jpg" data-gid="gid://syiq/Photo/308788">Considerable progress has been made in sailing with vessels such as the F50 used on the <a data-gid="gid://syiq/Company/6878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailGP (Company)">SailGP</a> circuit, the new AC40 and AC75 yachts for the <a data-gid="gid://syiq/Event/190" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="America's Cup 2024 - 37th America's Cup Barcelona">America’s Cup</a>, along with the Ultime trimarans and IMOCA 60s. All these boats show how consistent 40-to-50-knot-plus performance is possible through the extreme application of surface-piercing foil technologies. Indeed, there has even been a crossover with sailing yacht projects like <a data-gid="gid://syiq/Company/6478" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="King Marine S.A. (Company)">King Marine</a>’s FlyingNikka&nbsp;mini maxi and sailing superyacht <a data-gid="gid://syiq/Yacht/10936" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raven34.0m (111'7&quot;)Baltic Yachts2023">Raven 111</a> from <a data-gid="gid://syiq/Company/327" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baltic Yachts (Company)">Baltic Yachts</a> that use foils to mitigate some of the displacement rather than making the hull fully fly. At the same time, however, they have also highlighted some of the limits to mainstream adoption.The foil wing tips are one. Even when the arms are folded under the hull for docking, they project more than two metres either side the yacht. Then there is the complex (and expensive) structural engineering needed to build and mount the arms into the topsides. Finally, there’s the sailing aspect, which requires precision and experience when powered up in foil-assisted flight.Practical limits&nbsp;For Seattle-based naval architect Paul Bieker, one of the world’s foremost experts on hydrofoiling, sailing foilers will always be limited by these constraints: “I would be surprised if fully foiling configurations find a significant place in mainstream, non-professional sailing yachts,” he says. “They require a lot of sailing skill and focus, high maintenance, expensive equipment, and they have a significant potential for personal injury.”&nbsp;Retractable foiling systems like the Dynamic Stability System (DSS) developed by Hugh Welbourn, Gordon Kay and Will Brooks, offer advantages such as improved righting moment, reduced heel and better motion in a seaway, plus more stability for big-boat, big-sea sailing. <img src="https://photo-assets.superyachttimes.com/photo/308786/image/large-d78769a2b71c292caceeab81b0112753.jpg" data-gid="gid://syiq/Photo/308786">“<a data-gid="gid://syiq/Yacht/10936" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raven34.0m (111'7&quot;)Baltic Yachts2023">Raven</a> is not a yacht you could imagine relaxing in – it’s a balls-to-the-wall affair,” says Henry Hawkins, Executive Vice-President at <a data-gid="gid://syiq/Company/327" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baltic Yachts (Company)">Baltic Yachts</a>. “But we used the DSS on the <a data-gid="gid://syiq/Company/327" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baltic Yachts (Company)">Baltic</a> 142 Canova and it’s a completely different kettle of fish. There was a wish for a &nbsp;performance increase, but it wasn’t the driving factor behind the owner’s decision to install it.”The design demands of creating a full-flight vessel are, for the most part, incompatible with larger luxury yachts. Weight is a critical issue, for one, and while that can be overcome by adding larger foils, which in turn offer a greater aspect ratio and therefore greater lift, but there is an upper limit to the practical design of hydrofoils.“In general, the weight of a vessel scales with the length squared and the amount of lift that you can get off a foil scales with length squared – this reality means that there is a point where hydrofoiling gets more difficult with increased size,” says Bieker. “That said, the control of active hydrofoils tends to get easier with size because the actuators do not have to move as fast as they do in a smaller boats with smaller foils.”<img src="https://photo-assets.superyachttimes.com/photo/308860/image/large-a60ff05e451e2cee5403bcbd867c7901.jpg" data-gid="gid://syiq/Photo/308860">Bieker thinks there is more potential for moderate-sized foiling motor yachts: “The operating parameters for motor yachts are better defined and there is great potential for improving fuel consumption and comfort,” he says. “That said, they will still be significantly more expensive than non-foiling vessels.”Romain Ingouf is Technical Director at Artemis Technologies, a maritime engineering firm that emerged out of the Artemis Racing team that competed in the <a data-gid="gid://syiq/Event/190" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="America's Cup 2024 - 37th America's Cup Barcelona">America’s Cup</a>. The Belfast-based company has partnered with Condor Ferries to develop the 24-metre Artemis EF-24, a commuter ferry equipped with electric eFoiler propulsion able to carry 150 passengers at a top speed of 36 knots with a range of 95 nautical miles. Ingouf suggests that 24 metres in length overall with a displacement of around 75 tons is the sweet spot for a foiling monohull powerboat design.“You don’t want to have a boat that has foils sticking out at the sides because you need to get alongside docks and manoeuvre around marinas, and so forth,” he says. “You can certainly go bigger, to as much as 36 metres most likely, but then very rapidly you need a very beamy boat to have the aspect ratio on your foil so you are more efficient at creating lift without adding too much drag. Is foiling the solution to everything? Very likely not, although it’s fantastic in some applications.”<img src="https://photo-assets.superyachttimes.com/photo/308857/image/large-849e3ed467e7f08e313e6c73c4f635a4.jpg" data-gid="gid://syiq/Photo/308857">The future for foils?The future for foils beyond smaller vessels may be limited when it comes to full-flight solutions, but that doesn’t exclude potential for foils in large yacht design. Indeed, appendages that can improve efficiency and comfort – particularly when combined with stabilisation systems to offer multi-axis motion control – have been available for more than a decade. The Hull Vane, a fixed foil or wing designed and patented by <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a> that was first fitted on the 42.4-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> yacht <a data-gid="gid://syiq/Yacht/4639" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ares42.4m (139'1&quot;)Heesen Yachts2014">Alive</a> in 2012, has proven itself on more than 65 yachts as well as commercial and military vessels.“The Hull Vane is derived from a device we developed for the French America’s Cup campaign in 2002,” says Perry van Oossanen, the studio’s Managing Director. “It’s not really intended to make a boat a foiling vessel as it’s designed for displacement hulls; we’ve taken a different approach by taking the vessel as it is and trying to enhance performance where we can.”&nbsp;The effect is less radical, but so is the technology involved. The location of the Hull Vane under the transom is important relative to the centre of gravity and works best if there’s a steep upcoming flow, which means quite steeply angled buttocks to the transom, but it can be retrofitted on any type of displacement hull.“It works well for a Froude number [the resistance of a partially submerged object moving through water] of 0.2 and upwards,” says van Oossanen. “For a 50-metre boat you’re there at five or six knots, and for an 80-metre boat you’re there at around 13 to 14 knots. We’ve installed it on a 100-metre patrol boat, but essentially the bigger the yacht the faster it needs to go to gain maximum benefit of the Hull Vane.”<img src="https://photo-assets.superyachttimes.com/photo/308778/image/large-e6090620180e08c2025c730977695724.jpg" data-gid="gid://syiq/Photo/308778">Hull Vane BV has also developed Foil-Assist, a partial foiling solution mounted amidships on fast planing vessels that applies the same concept to fast hulls and was first used two years ago on a Wajer runabout. It should be noted that both the Foil-Assist and Hull Vane increase not only efficiency but also onboard comfort – an important consideration for any yacht owner. &nbsp;“However, although applications for foils are definitely increasing, there are a lot of owners out there who are not really interested in the foiling stuff,” warns van Oossanen. “They want to have volume, space and luxury and they don’t necessarily want to cruise at 30 knots.”While that may be true, foiling technology is set to grow, particularly as the superyacht industry enters its own energy transition. Even if methanol in reformers for fuel cells or multi-fuel engines becomes the energy carrier of choice, its energy density is considerably lower for a given volume compared to conventional diesel. So while the fuel may be cleaner, yachts will need to burn less of it for a given volume of tankage to avoid losing too much practical range, while adding more tanks means taking volume away from guest areas. In this scenario, non-flight hybrid foiling solutions could find their niche in mainstream yacht production and there may be a place for more extreme solutions for owners who want a more engaged boating experience.&nbsp;“There is potential for hydrofoil-assisted, non-flying boats, but there is no substitute for flying,” says Bieker. “Once you feel the acceleration that occurs when that last bit of hull leaves the water it is hard to stomach partial foiling solutions.”<img src="https://photo-assets.superyachttimes.com/photo/285014/image/large-1afb80631a7886e71900e1011ca9ab77.jpg" data-gid="gid://syiq/Photo/285014">Getting over the humpWhen the <a data-gid="gid://syiq/Company/327" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baltic Yachts (Company)">Baltic Yachts</a> 111 <a data-gid="gid://syiq/Yacht/10936" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Raven34.0m (111'7&quot;)Baltic Yachts2023">Raven</a> hit the water for sail trials in the summer of 2023, all eyes turned to this sleek, foil-assisted superyacht. As the team gradually edged the yacht towards its performance limits, the yacht started hitting consistent speeds in the high 20-knots range, and the sailing world was abuzz. However, this style of yacht will probably remain an outlier and while great for exhilarating performance on the water, it is not ideal for coastal cruising with the family. The leeward foil is designed to carry up to 60 per cent of the yacht’s displacement at speed, but the engineering that has gone into creating a structure capable of handling the extreme loads has been immense.“The fitting which is bolted to the hull-deck joint of the foil arm is one metre long and made of machined titanium, for example,” says Kenneth Nyfelt, Sales Director at <a data-gid="gid://syiq/Company/327" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baltic Yachts (Company)">Baltic Yachts</a>. “The tolerances on all those fittings are incredible fine; you cannot allow any rattling or any vibration from it because then you are dead.”Even with Canova’s DSS, Henry Hawkins believes it will take time for most owners to gain confidence in the technology: “Look at how long it took us to get carbon rigging and canting keels onto boats; they’re still the unknown, and what people have taken from the racing scene is that the foils are always breaking,” he says. “So there’s a hump to get over, but I think there is a realisation that there is something to be offered by foiling technology, and it’s a question of how long it will take to find its way into the mainstream.”<img src="https://photo-assets.superyachttimes.com/photo/308861/image/large-11b3b0797fa572b289df3d06472924b7.png" data-gid="gid://syiq/Photo/308861">Tender trendsSmaller foiling boats and RIBs, whether using full-flight foils or foil-assist solutions, offer plenty of potential as standalone leisure boats, chase boats or tenders, particularly as alternative drive systems come on stream. Among many pioneers in this field is Gordon van Hardenbroek, an industrial designer and co-founder in 2015 of foiling boat company Edorado.“We started with a basic design premise of taking a planing hull, taking out the combustion engine and putting batteries in,” he says. “There weren’t many people doing it at the time, but we found as soon as you start going fast the range plummets. And I don’t believe that battery tech will improve enough to solve that problem. We realised that adding foils – in our case an active system made possible thanks to advances in sensors and computation – could double our range. Finally we realised that market demand was for retractable foils.”In addition to creating their own 8.35-metre 8S model, Edorado is also planning to release a pre-engineering platform that targets the superyacht sector. “The 8S is very much about flying,” he says. “It’s not about getting you from A to B, but rather the goal is the flying itself.”

Are foiling superyachts feasible?

The latest technology has overcome many of the shortfalls of older systems, but are foiling superyachts feasible?

Flight Club: Are foiling superyachts feasible?

Taiwan-based builder <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon</a> has unveiled the images of their first 33.09-metre FD108 motor yacht <a data-gid="gid://syiq/Yacht/12715" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Lily33.09m (108'7&quot;)Horizon Yachts2024">Ocean Lily</a>, following the success of their FD75 open flybridge model Ocean Lily, delivered in 2021.<img src="https://photo-assets.superyachttimes.com/photo/309236/image/large-635585d0f5403089d354e85ef46d28f3.jpg" data-gid="gid://syiq/Photo/309236">With a delivery date of 2024, this new tri-deck is a product of the collaboration between <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon Yachts</a>, and the studio <a data-gid="gid://syiq/Company/43" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cor D. Rover Design (Company)">Cor D. Rover</a>, which had the task of imagining her interiors, and her owner’s wishes.<img src="https://photo-assets.superyachttimes.com/photo/309273/image/large-1a9511223bb9f8ce1aa6cb9199e404bc.jpg" data-gid="gid://syiq/Photo/309273"><img src="https://photo-assets.superyachttimes.com/photo/309261/image/large-a4ef8a89a50e03f016299552d7402ee6.jpg" data-gid="gid://syiq/Photo/309261">Tailor-made to support a social lifestyle, the <a data-gid="gid://syiq/Yacht/12715" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Lily33.09m (108'7&quot;)Horizon Yachts2024">Ocean Lily</a> yacht boasts an abundance of spaces for relaxation or merriment alike. On the upper deck aft, a table suitable for 14 people can host meetings or delectable dining experiences, thanks to the nearby teppanyaki BBQ and professional-grade kitchen supplies. <img src="https://photo-assets.superyachttimes.com/photo/309259/image/large-7c968852c1cba6cdea7170f873923ca7.jpg" data-gid="gid://syiq/Photo/309259">While the unique pilothouse and captain's cabin can be found towards the bow, the forward deck also provides opportunities to unwind, thanks to plush, U-shaped seating and foldable sun pads for catching some rays.<img src="https://photo-assets.superyachttimes.com/photo/309243/image/large-8aacac1a6334bb2134a3b73a2db68522.jpg" data-gid="gid://syiq/Photo/309243"><img src="https://photo-assets.superyachttimes.com/photo/309263/image/large-084de4447e23a6d4ace28d7ca849b3c4.jpg" data-gid="gid://syiq/Photo/309263">The indoors and outdoors are then cleverly fused together with the presence of sliding glass doors, which separate the deck area from a full-beam sky lounge, complete with sumptuous sofas and a state-of-the-art 216-cm TV, as well as an entertaining BMB karaoke sound system.<img src="https://photo-assets.superyachttimes.com/photo/309267/image/large-6f54a5669c82fc2366d64c82f460b9df.jpg" data-gid="gid://syiq/Photo/309267">Moving into the saloon, floor-to-ceiling windows bathe the social sanctuary in uplifting, natural light and offer 360-degree sea views, while a show-stopping art display directs guests attention to the centre of the room.<img src="https://photo-assets.superyachttimes.com/photo/309265/image/large-d190ff16ee3c857e0719b2a9145c85b3.jpg" data-gid="gid://syiq/Photo/309265">Should guests want to partake in more formal meal times, a nearby dining space contains a 10-seater table flanked by glamorous black mirrored walls.<img src="https://photo-assets.superyachttimes.com/photo/309271/image/large-4ae87f3141140681f38242555f057a18.jpg" data-gid="gid://syiq/Photo/309271">Accommodation-wise, <a data-gid="gid://syiq/Yacht/12715" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Lily33.09m (108'7&quot;)Horizon Yachts2024">Ocean Lily</a>, which has a beam of 7.11-metres, features four en suite staterooms, including an on-deck master suite equipped with a hostess dressing table and a comfortable mattress for maximal luxury. <img src="https://photo-assets.superyachttimes.com/photo/309280/image/large-5138684a71c318efe5a201670d00c28a.jpg" data-gid="gid://syiq/Photo/309280"><img src="https://photo-assets.superyachttimes.com/photo/309254/image/large-f613614acefd8eca63b4434502b91288.jpg" data-gid="gid://syiq/Photo/309254">Adrenalising, water-based activities are also made readily available with a spacious swim platform that can comfortably serve as storage space for a Williams Jet Tender and Sea Doo Jet Skis.<img src="https://photo-assets.superyachttimes.com/photo/309260/image/large-4a48dce5f703f6818b10226b909eb5b0.jpg" data-gid="gid://syiq/Photo/309260"><img src="https://photo-assets.superyachttimes.com/photo/309241/image/large-652d657ef3de755e8a41ee95583ce086.jpg" data-gid="gid://syiq/Photo/309241">

First look at the first Horizon FD108 motor yacht Ocean Lily

Taiwan-based builder Horizon has unveiled the images of their first 33.09-metre FD108 motor yacht Ocean Lily. 

Introducing the first 33m Horizon FD108 motor yacht Ocean Lily

The eighth hull in the 32.36-metre <a data-gid="gid://syiq/Yacht/12504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander 32L0832.36m (106'2&quot;)Ocean Alexander2023">Ocean Alexander 32 Legend</a> yacht sold in a deal with Mike Bader of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> introducing the buyer. <img src="https://photo-assets.superyachttimes.com/photo/111060/image/large-f899bc80dbf72194102faa3a88679650.jpeg" data-gid="gid://syiq/Photo/111060">Launched&nbsp;in 2023, the <a data-gid="gid://syiq/Yacht/12504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander 32L0832.36m (106'2&quot;)Ocean Alexander2023">Ocean Alexander 32L</a> yacht features interior exterior design by <a data-gid="gid://syiq/Company/111" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Evan K Marshall (Company)">Evan K Marshall</a>, with naval architecture by her Taiwan-based builder <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a>.&nbsp;The <a data-gid="gid://syiq/Yacht/12504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander 32L0832.36m (106'2&quot;)Ocean Alexander2023">Ocean Alexander 32L</a> yacht can comfortably sleep up to 10 guests in five sumptuous staterooms, as well a crew of four. She features huge windows on her main deck, which illuminate her interior and provide panoramic views. <img src="https://photo-assets.superyachttimes.com/photo/174740/image/large-9ee2ad329af826e760a7f45219d7a157.jpg" data-gid="gid://syiq/Photo/174740">The <a data-gid="gid://syiq/Yacht/12504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander 32L0832.36m (106'2&quot;)Ocean Alexander2023">Ocean Alexander 32L</a> yacht has been designed with entertainment in mind, with an expansive main deck and a large aft transom and beach club, which provides direct access to the water.&nbsp;Performance-wise, the <a data-gid="gid://syiq/Yacht/12504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander 32L0832.36m (106'2&quot;)Ocean Alexander2023">Ocean Alexander 32L</a> yacht is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> V19 1900 horsepower engines. <img src="https://photo-assets.superyachttimes.com/photo/174739/image/large-194d1042d38c4035b199074e38c96a43.jpg" data-gid="gid://syiq/Photo/174739">

32m Ocean Alexander 32 Legend yacht sold

The eighth hull in the 32.36-metre Ocean Alexander 32 Legend series sold in a deal with Mike Bader of MarineMax introducing the buyer. 