The SuperYacht Times Synopsis, brought to you by <a href="https://www.superyachttimes.com/yachting-intelligence" target="_blank">SYT iQ</a>, gives you a rundown of the top business stories from last month.News in brief&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/241640/image/large-413eb35a1bb1823aa77ed0df291d5302.jpg" data-gid="gid://syiq/Photo/241640"><a data-gid="gid://syiq/Article/56443" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="146m Lürssen superyacht Opera on sea trials (2022-11-24 14:00:00 +0100)">146m Lürssen superyacht Opera on sea trials</a>&nbsp;&nbsp;The 146-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/8520" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Opera146.0m (479'0&quot;)Lürssen Yachts2022">Opera</a> is currently undertaking her sea trials in the North Sea. She left <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>’s facility in Bremen, Germany, on Tuesday and is expected to return next week. &nbsp;<ul><li><a data-gid="gid://syiq/Article/56474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="107m Lürssen superyacht Project Icecap spotted in Germany (2022-11-30 15:30:00 +0100)">107m Lürssen superyacht Project Icecap spotted in Germany</a>&nbsp;</li><li><a data-gid="gid://syiq/Article/56021" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="92m Nobiskrug superyacht Tatoosh sold (2022-11-03 14:45:00 +0100)">92m Nobiskrug superyacht Tatoosh sold</a>&nbsp;&nbsp;</li><li><a data-gid="gid://syiq/Article/56281" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Watch: Bilgin 80m superyacht Leona has been launched (2022-11-01 14:15:00 +0100)">Watch: Bilgin 80m superyacht Leona has been launched</a>&nbsp;&nbsp;</li><li style="font-weight: bold;"><a data-gid="gid://syiq/Article/56373" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="74m Amels Limited Edition 242 superyacht M&EM delivered (2022-11-11 17:45:00 +0100)">74m Amels Limited Edition 242 superyacht M&amp;EM delivered</a></li><li><a data-gid="gid://syiq/Article/56461" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo lays the keel of flagship 72 Steel superyacht (2022-11-29 13:00:00 +0100)">Sanlorenzo lays the keel of flagship 72 Steel superyacht</a>&nbsp;&nbsp;</li></ul><img src="https://photo-assets.superyachttimes.com/photo/212643/image/large-ba2f96ab9f3c28bcf8c37fcf05a94801.jpg" data-gid="gid://syiq/Photo/212643">Big five Business reads<img src="https://photo-assets.superyachttimes.com/photo/100148/image/large-52a1fdebec4d36958761cd649e145b9f.jpg" data-gid="gid://syiq/Photo/100148"><a data-gid="gid://syiq/Article/56324" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spanish government to seize Russian-owned 85m Lürssen superyacht Meridian A (2022-11-04 11:30:00 +0100)">Spanish government to seize Russian-owned 85m Lürssen superyacht Meridian A&nbsp;</a>The 85, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Meridian A85.1m (279'2&quot;)Lürssen Yachts2011">Meridian A</a> (ex. Valerie) &nbsp;was arrested in March following and has been immobilised at MB92 Barcelona ever since. According to new findings, her owner stopped paying maintenance fees in June. <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92</a>, which the Spanish government is now acting upon.&nbsp;<ul><li><a data-gid="gid://syiq/Article/56301" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic42 superyacht refit and maintenance centre in Montenegro officially opened (2022-11-02 12:30:00 +0100)">Adriatic42 superyacht refit and maintenance centre in Montenegro opened</a>&nbsp;&nbsp;</li><li><a data-gid="gid://syiq/Article/56323" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen and Rolls-Royce “to write yachting history” with new partnership toward a sustainable future (2022-11-04 14:30:00 +0100)">Lürssen and Rolls-Royce “to write yachting history”</a></li><li><a data-gid="gid://syiq/Article/56461" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo lays the keel of flagship 72 Steel superyacht (2022-11-29 13:00:00 +0100)">Sanlorenzo reports excellent with an order book nearing €1.7B</a>&nbsp;&nbsp;</li><li><a data-gid="gid://syiq/Article/56369" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group reports revenues up 65% and a backlog nearing €1B (2022-11-11 16:00:00 +0100)">Italian Sea Group reports revenues up 65% and a backlog nearing €1B</a></li></ul><img src="https://photo-assets.superyachttimes.com/photo/212643/image/large-ba2f96ab9f3c28bcf8c37fcf05a94801.jpg" data-gid="gid://syiq/Photo/212643"><a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2022">Gulf Superyacht Summit</a> <img src="https://photo-assets.superyachttimes.com/photo/249882/image/large-0a047e19507946c8eb36dc0249c76fc9.jpg" data-gid="gid://syiq/Photo/249882"><a data-gid="gid://syiq/Article/56437" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="2022 Gulf SuperYacht Summit confirms the “Gulf is a region to watch” (2022-11-29 11:30:00 +0100)">2022 Gulf SuperYacht Summit confirms the “Gulf is a region to watch”</a>Recap: On 9 and 10 November 2022 SuperYacht Times successfully hosted the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2022">Gulf Superyacht Summit</a>, which was held under the patronage of <a data-gid="gid://syiq/Company/6707" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="P & O Marinas (Company)">P&amp;O Marinas</a> and with <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> as the event partner.<img src="https://photo-assets.superyachttimes.com/photo/212643/image/large-ba2f96ab9f3c28bcf8c37fcf05a94801.jpg" data-gid="gid://syiq/Photo/212643">Wanderlust: Travel Spotlight<img src="https://photo-assets.superyachttimes.com/photo/250221/image/large-26c1a6c71aa2fbb10baa1647be9422a0.jpg" data-gid="gid://syiq/Photo/250221"><a data-gid="gid://syiq/Article/56442" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Travel: Irresistible winter cruising destinations (2022-11-24 13:30:00 +0100)">Travel: Irresistible winter cruising destinations</a>From cooling off in the waters of one of Antigua’s 365 beaches, to soaking up the warmth of Indonesia’s 365 days of summer, get inspired by these winter cruising destinations which each offer its own secrets to a glorious winter superyacht cruise.

SuperYacht Times Synopsis: November

Valerie yacht by Lürssen in Monaco

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The SuperYacht Times Synopsis, as brought to you by SYT iQ, gives you the rundown of the top business stories and market reports from last month.

SYT Synopsis November: 146m Lürssen superyacht on sea trials, Tatoosh sold and much more

Tatoosh yacht tender

Valerie yacht anchored

The United States District Court for the Southern District of Florida has dismissed the entire complaint brought by Export Yacht Sales (Brill Maritime), which alleged that Boats Group illegally monopolised the US online boat-listing market through YachtWorld, Boat Trader and boats.com.<img src="https://photo-assets.superyachttimes.com/photo/355047/image/large-0bd8f332392990f5a08cac6ea37b81d1.jpg" data-gid="gid://syiq/Photo/355047">The lawsuit was filed on 14 August 2025, with Brill Maritime alleging that Boats Group controlled approximately 75 percent of the market for listing and marketing recreational boats and used subscription agreements that either bar or discourage brokers and dealers from listing vessels on rival platforms.Read more: <a data-gid="gid://syiq/Article/64073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="US boat dealers bring antitrust class action against Boats Group (2025-08-21 13:00:00 +0200)">US boat dealers bring antitrust class action against Boats Group</a><img src="https://photo-assets.superyachttimes.com/photo/355053/image/large-d4b378b0bbe9bf56a1926a2d570b4fd5.jpg" data-gid="gid://syiq/Photo/355053">According to Brill Maritime, competing platforms had been unable to achieve the scale or inventory to grow their services effectively, leaving brokers and dealers with limited options.The court found that Brill Maritime had plausibly alleged that the relevant market could be defined as an online boat listing and marketing service in the United States and that Boat Group may possess monopoly power in that market.&nbsp;Brill Maritime also alleged that Boat’s Group claimed 75 percent of the global share, reasonably supporting an inference that it has a dominant position in the US market. As a result of this, the judge did not dismiss the case because Boats Group lacks market power.However, the judge said that Brill Maritime had failed to show that Boats Group engaged in illegal anticompetitive conduct and under US antitrust law, being a monopoly is not illegal by itself.The court repeatedly emphasised that monopoly power is legal, but using that power through anticompetitive behaviour to exclude rivals is illegal.&nbsp;The judge found that Brill Maritime’s three main allegations were insufficient including that Boats Group became dominant by acquiring competitors such as YachtWorld.com, boats.com and YachtCloser.com.The judge said that acquiring competitors is not necessarily illegal and that Brill Maritime had not explained how these acquisitions had harmed competition. The complaint had described the acquisitions as “strategic” suggesting it was more of a successful business move than illegal conduct. The judge explained that Brill Maritime had shown that Boats Group bought competitors, but not that these acquisitions were unlawful. <img src="https://photo-assets.superyachttimes.com/photo/355039/image/large-513a0ee840e10e5371f647093bba58d9.jpg" data-gid="gid://syiq/Photo/355039">Brill Maritime also claimed that Boats Group's subscription agreements stoped brokers from listing boats elsewhere. The judge examined the contract language and concluded that the provision merely prevented brokers from implying that a YachtWorld or Boats Group listing originated somewhere else. He therefore concluded that you can advertise on YachtWorld and on other sites and the contract simply prevented you from pretending a Boats Group listing came from another platform, meaning the clause is not an exclusive dealing arrangement.Finally, Brill Maritime argued that Boats Group had dramatically increased its prices. The judge responded that high prices alone are not an antitrust violation. The court cited multiple precedents saying a legal monopolist is generally allowed to charge whatever prices it wants. To prove monopolisation, Brill Maritime needed to show that the higher prices resulted from illegal exclusionary conduct.In conclusion, the judge accepted that Boats Group may hold monopoly power in the US online boat-listing market, but ruled that the plaintiffs failed to show that Boats Group acquired or maintained that position through illegal anticompetitive conduct.United States District Judge, Roy K. Altman dismissed the complaint without prejudice, meaning the plaintiff is able to resubmit an amended complaint, with a deadline of 30 June 2026.&nbsp;The lawsuit also contained claims under Florida law, with the federal court declining to hear the state claims as the federal antitrust claims were dismissed. These were also dismissed without prejudice, allowing for them to also be refiled.&nbsp;SuperYacht Times will continue to follow this story and will provide updates where necessary.

US court dismisses antitrust lawsuit against Boats Group

The US District Court for the Southern District of Florida has dismissed the antitrust lawsuit brought by Export Yacht Sales against Boats Group.

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

Ferretti Group denies The Italian Sea Group acquisition rumours

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

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

KKCG Maritime challenges Ferretti Group board appointments in court

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

Ferretti shareholder KKCG Maritime challenges board appointments in court

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

TISG: Florence court removes protections affecting five yacht contracts

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

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

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

Launch of Matterhorn yacht brokerage

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

Adam Papadakis and Kurt Fraser launch Matterhorn

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

Dörries Yachts construction facilities at Volkswerft Stralsund

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

Dörries Yachts agrees lease for new shipyard in Germany

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

SYDNA launches international association for superyacht designers and naval architects

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

SYDNA launches to represent superyacht designers and naval architects

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

The Italian Sea Group aims for full operations by June 

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

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

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

TISG share capital falls below legal minimum

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

TISG enters restructuring phase after share capital falls below legal minimum

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

Ferretti Group reports lower Q1 revenue as order intake falls

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

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

<a data-gid="gid://syiq/Company/8076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Port Valencia (Company)">Marina Port Valencia</a> has announced that the inner marina, Marina City, is now complete as part of their phased transformation. <img src="https://photo-assets.superyachttimes.com/photo/397349/image/large-033282147cabe8f5a2ddb1d15d41bc62.png" data-gid="gid://syiq/Photo/397349">Led by the IPM-IMG Group and Ocibar, the project aims to revitalise the three marinas that previously hosted the 2007 America's Cup, while introducing a cutting-edge refit yard, a state-of-the-art dry dock and modern commercial spaces.Read more: <a data-gid="gid://syiq/Article/62614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First renderings of new Marina Port Valencia development unveiled (2025-02-14 12:45:00 +0100)">First renderings of new Marina Port Valencia development unveiled</a><img src="https://photo-assets.superyachttimes.com/photo/397347/image/large-02f98e636005af30408a0493b3b9cb49.png" data-gid="gid://syiq/Photo/397347">The Marina City is now ready to welcome its first customers for the summer season with a full range of premium services. Positioned in the most sheltered area of the port, it has been designed to welcome yachts between 12 and 130 metres and boasts an exclusive central pontoon with berths from 15 metres available for sale or rent for ten, fifteen or twenty years.Construction will soon begin at Marina Norte on a collection of new office buildings designed to attract leading companies and create a hub for networking, innovation and talent. Local residents will also be able to benefit from a restaurant that will open in the former Panorama building.<img src="https://photo-assets.superyachttimes.com/photo/397346/image/large-ad9d771b5b626cd1085ee90660cd52f1.png" data-gid="gid://syiq/Photo/397346">The redevelopment of the marina will be completed in planned phases over the coming years, with local residents able to experience the marina’s new public spaces as each stage is completed.With landscaping designed by GM Paisajistas, in coordination with the architects at ERRE Arquitectura, the plan links Marina Norte, Marina City and Marina Sur through a landscaped ‘green corridor’, creating a continuous route for pedestrians and cyclists lined by Mediterranean vegetation.<img src="https://photo-assets.superyachttimes.com/photo/397348/image/large-4ff447ed4895040fef35c2236798337f.png" data-gid="gid://syiq/Photo/397348">With this project, Marina Port Valencia will reconnect the city with the waterfront,” explained <a data-gid="gid://syiq/Company/8076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Port Valencia (Company)">Marina Port Valencia</a>. "In doing so, it responds to local leisure needs while providing businesses with an unrivalled waterfront environment, establishing Marina Port Valencia as a leading national and international destination built on the principles of sustainability."<img src="https://photo-assets.superyachttimes.com/photo/348287/image/large-0f4e8368c10bd6b34945367d123348e5.jpg" data-gid="gid://syiq/Photo/348287">

Marina Port Valencia completes Marina City development

Marina Port Valencia has announced that the inner marina, Marina City, is now complete as part of their phased transformation.

Marina Port Valencia completes inner marina for yachts up to 130m

Just as physical tank test models are giving way to computational fluid dynamics, so another form of virtual modelling is coming to the fore – the digital twin. But what is a digital twin, and how can we use them to streamline superyacht design, construction and operation?Providing an exact definition of a digital twin can be tricky, not least because different people use the term in different ways. With conceptual origins tracing back to NASA in the 1960s, the truth is that digital twins come in a variety of forms and offer multiple applications – all of which have the potential to change the approach to design and enhance the operational effectiveness of superyachts.“I haven’t found a consistent way that people use the term,” says software developer Boudewijn van Groos. “For example, some call a simple 3D model a digital twin, even if it doesn’t make predictions. It might show live sensor data from the vessel, but it’s really just a portal into the actual ship. That is fundamentally different to a software model that mimics the behaviour of a system based on physical or statistical calculations. Yet people refer to both as digital twins.”Models created in a software environment are arguably the purest form of digital twinning. They are increasingly being used both to train AI and to enable systems developers to code the core parts of a yacht’s controllers while the physical yacht itself is still in build – a decisive factor when faced with tight construction and delivery schedules.<img src="https://photo-assets.superyachttimes.com/photo/397081/image/large-c63a38ee887c535cd43a28154e353077.jpeg" data-gid="gid://syiq/Photo/397081">Virtual virtuesVan Groos is leading a team of software developers who are undertaking the coding of a multifaceted monitoring and control system aboard Project Zero, the renewables-powered sailing yacht under construction at <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters Shipyard</a>. In collaboration with German company XRG Simulation, they have been building a virtual version of the yacht’s systems in Modelica, which allows them to write the code for the programmable logic controller (PLC) for the thermal harvesting and recovery system, for example, and test it before the physical system has been completed. While the team has also been using a current sailing superyacht as a test bed, creating a digital twin has brought additional benefits.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397079/image/large-c1ba2f94baf775740a49c5322a0b5621.jpg" data-gid="gid://syiq/Photo/397079">“For everything we’re doing we first write the physical thing into code to form the digital twin,” Van explains. “That simulation can be very basic, or a deep mechanical simulation. It gives us an opportunity to prevent regression bugs and it means we can avoid having to run our code on a physical system that means needing the real machine every time, which is just a hassle.”Developing a digital twin not only creates a platform for virtual testing, it also provides an opportunity to explore or to train AI, which can have real-world applications in a finished project. Indeed, this is the approach that <a data-gid="gid://syiq/Company/3559" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Videoworks Group (Company)">Videoworks</a> and <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> took, in collaboration with the University of Pisa, to develop the systems on the 42.84-metre superyacht <a data-gid="gid://syiq/Yacht/12135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf X42.84m (140'7&quot;)Rossinavi2024">Seawolf X</a> catamaran.“On a yacht you have a lot of very high-tech systems, each optimised and each with sensor actuators,” explains Maurizio Minossi, CEO and CTO of <a data-gid="gid://syiq/Company/3559" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Videoworks Group (Company)">Videoworks</a>. “The idea is to create a sort of manager that grabs the data coming from the different subsystems and, thanks to the use of AI algorithms, gives it added value in terms of monitoring and control.”<img src="https://photo-assets.superyachttimes.com/photo/397078/image/large-3bbe7f4296cb60275d58eb400d1d5976.jpg" data-gid="gid://syiq/Photo/397078">“AI algorithms need to train on something – you need a story,” adds Sergio Saponara, director of the Department of Informational Engineering at the University of Pisa. “But if the technology is new, how do you create that story? Creating a digital model of a yacht allows you to fill the AI with data. You analyse the chiller in a model, then you combine it with all the other models to create the whole ship.”The system they have developed, which has been designed to be modular for use across multiple yacht designs and configurations, integrates various network-connected sensors, smart plugs, and actuators, such as HVAC systems, lighting, and automated blinds, orchestrated by an advanced AI algorithm. The digital twin enables the simulation of different configurations and operational scenarios, generating virtual data that can be used to train AI models – a useful approach given the challenges of limited experimental data on energy consumption and passenger habits.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397077/image/large-efe714be9d6f415bcddaf70b66ca2da0.jpg" data-gid="gid://syiq/Photo/397077">Test rig&nbsp;It’s not just in systems design that digital twins are being utilised. For Dale Morris, Group Head of Global Design at <a data-gid="gid://syiq/Company/2447" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Spars (Company)">Southern Spars</a>, the development of digital twins has enabled advanced, in-the-box testing before a rig is stepped – a serious advantage given the one-off nature and complexity of superyacht masts and sail plans.&nbsp;“The outcome is what’s on the water, but the model that came before it has been through all the conditions,” he says. “It starts with base mast properties, rigging pre-tension and tuning, but we add in the actual moulded sail shape and structural files from North Sails, and then we can assess the rig to a whole other level.”<img src="https://photo-assets.superyachttimes.com/photo/397082/image/large-2efc90f958531c34f23220a01c23ffdf.jpg" data-gid="gid://syiq/Photo/397082">This allows the team to see the effect of their rig design choices even down to its impact on the actual shape of the sails. They can go into a whole CFD loop, where the fluid structure interaction (FSI) loops back into the non-linear FEA – non-linear because the mast is flexible. That essentially means they can sea-trial the yacht before any carbon fibre even gets laid in the mast mould.“That also flows through into how we communicate the safe operation to the customer with all the sheet runs and all the load interfaces, so that boatbuilders can build-in the right safety factors,” &nbsp;Morris explains. “You can assess all that within the digital twin.”It also impacts the initial sea trial phases because, rather than the traditional method of stepping a mast and eyeballing the rig to tune it and ensure it is set up symmetrically, it can effectively be pre-set. Gone are the days where you put the rig in, go sailing and flop from tack to tack, make changes, rinse and repeat, which can be a two-day operation.“We are able to virtually go sailing before we even put carbon in the mast tooling, and for yacht designers, owners and crew that’s a huge benefit because it elevates confidence before you get further into the project,” &nbsp;says Vincent Guiot, Group Sales Director at <a data-gid="gid://syiq/Company/2447" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Spars (Company)">Southern Spars</a>. &nbsp;Further, the applications extend to the operational phase. By using the information from the load sensors from specific conditions. If something doesn’t look quite right, the team can plug that data back into the digital twin and help someone on board diagnose the issue more efficiently.<img src="https://photo-assets.superyachttimes.com/photo/397080/image/large-77d39333b2a17751661ad462a20fdfc0.jpg" data-gid="gid://syiq/Photo/397080">Practical magic&nbsp;As CAD has advanced, so 3D models have become commonplace, not only in terms of determining the underlying engineering layout of a vessel but also to ensure the vessel can be built as efficiently as possible. But when one superyacht project approached Dutch company Goltens to take that 3D model further, the potential for an all-encompassing digital twin quickly became apparent.“Normally we design, engineer and create 3D models, and during that process a lot of information on the components – size, material, capacity, make, model – is put into a database,” says Sandra Jutte of Goltens’ Green Technologies division. “But when the vessel departs, most of that information, which can number thousands of data files, stays behind. For this project, we were asked how we could collect all the engineering data in one place during construction and use it to make the yacht smarter in operation.”<img src="https://photo-assets.superyachttimes.com/photo/397085/image/large-8490e120db5880a524554f471c7eb9b6.png" data-gid="gid://syiq/Photo/397085">To achieve that, the Goltens team combined ongoing 3D scanning during the build with CAD and engineering drawings to create a digital version of Project Zero that is a perfect match for the real thing. The result is that all the information on the build, systems and components is available for easy access – especially useful when it comes to fault-finding or in the event of a system alarm.&nbsp;“You need an exact copy of the yacht, so during the entire build our team has been on site with a 3D scanner capturing every stage of the build,” says Jutte. “We’ve scanned every detail, including 100,000 metres of cables and six kilometres of piping.”<img src="https://photo-assets.superyachttimes.com/photo/397086/image/large-39fff693692206113bdc5e36b8ec672b.png" data-gid="gid://syiq/Photo/397086">Every pump, pipe and system is connected and with e-sharing it’s possible to click into the engineering drawing and instantly jump to the same spot in the 3D model, and vice versa. All relevant details and spare parts listings are available with a click. What’s more, the digital twin will form the backbone for predictive maintenance and, potentially, AI-rooted energy efficiency and systems analysis during the operational phase – an aspect that could have huge impact for a project where every kilowatt counts.The potential goes further, however, because wherever the vessel goes, the digital twin goes too. This means designers can use the digital twin to experiment with new ideas or test layouts without ever touching the real vessel, while engineers can follow system performance and simulate improvements, and and owners can explore their yacht anytime, anywhere.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397087/image/large-8c4ef31785ce28bc95f037d27cf282ff.jpg" data-gid="gid://syiq/Photo/397087">Such a comprehensive scan-based digital twin improves maintenance aspects – with all manuals and spare parts lists easily accessible, and with the potential to add predictive maintenance algorithms – but also aids efficiency in a refit phase.&nbsp;“Refits and repairs are no longer a guessing game,” says Jutte. “Because if a component needs to be replaced or a new component fitted, the digital twin already knows what’s there currently and if the new one will fit. It means you can order or prefabricate parts with confidence. It’s a complete feedback loop between design, operation, maintenance, fault-finding and improvement.”<img src="https://photo-assets.superyachttimes.com/photo/397089/image/large-cbdce16aec81ad92d4d28edb2f355442.png" data-gid="gid://syiq/Photo/397089">

How is virtual modelling transforming superyacht design and operation

From rig testing to predictive maintenance, digital twins are reshaping how superyachts are designed, built and operated.

Italian studio <a data-gid="gid://syiq/Company/8392" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SY design (Company)">SY Design</a> has unveiled Kairos, a 52-metre motor yacht concept centred around a stronger connection between the guests and the surrounding sea.<img src="https://photo-assets.superyachttimes.com/photo/397334/image/large-8796d9063db33dbbfbb5f54882d17b18.jpg" data-gid="gid://syiq/Photo/397334">Designed to remain under the 500 GT threshold, Kairos is conceived to be built with a lightweight aluminium structure, Kairos aims to make the outdoors the heart of life onboard. The designer has noted that the concept carefully combines open, flowing spaces with floor-to-ceiling glazing and wide hull openings. Moreover, the layout is intended to draw in natural light to flood her interiors, frame breathtaking sea views, and create a seamless access to the water. <img src="https://photo-assets.superyachttimes.com/photo/397336/image/large-42daf1825f66f137b146990641679193.jpg" data-gid="gid://syiq/Photo/397336">Outside, Kairos is characterised by slender proportions and a modern profile that flows effortlessly from the bow to the stern.Her stern serves as one of the focal points of the project. A magnificent pool set at sea level becomes the part of the beach club area, crafted to deepen the connection between the guests and the ocean and expand the sense of openness across her decks. Reflecting the project's philosophy, <a data-gid="gid://syiq/Company/8392" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SY design (Company)">SY Design</a> explained that "the objective was not to maximise gross tonnage, but to maximise the owner's experience of the sea."<img src="https://photo-assets.superyachttimes.com/photo/397335/image/large-e57a868a18e96191861bfc535940ba8c.jpg" data-gid="gid://syiq/Photo/397335">Wide lateral openings in the hull further extend the views, and invites abundant natural light to dance across the aft, resulting in a bright and open area. Above, her main deck cockpit has been envisioned as a terrace overlooking the sea. In this space, two opposing L-shaped sofas are arranged for mingling and casual lounging, &nbsp;while glass bulwarks preserve uninterrupted views of the horizon.<img src="https://photo-assets.superyachttimes.com/photo/397337/image/large-8562659c5dd2fd32334132b65c354912.jpg" data-gid="gid://syiq/Photo/397337">Ascending further, the yacht’s expansive 105-square-metre fly deck serves as a defining outdoor living area, offering space for socialising, entertaining and open-air dining. Forward, her deck features a flexible layout, allowing owners to tailor the space based on their preferences. <img src="https://photo-assets.superyachttimes.com/photo/397333/image/large-f17ca1e6f871b464c45ae86a2169b934.jpg" data-gid="gid://syiq/Photo/397333">With a beam of nine-metres, accommodation onboard Kairos is arranged for up to 12 guests across six staterooms. The owner's suite is situated forward on the main deck, benefitting from expansive windows and stunning ocean vistas. The five guest staterooms are located on the lower deck.<img src="https://photo-assets.superyachttimes.com/photo/397338/image/large-05b708fcf1585fa034d052d3d23270de.jpg" data-gid="gid://syiq/Photo/397338">Further features include a dedicated bow garage for jet skis and a rescue tender, while a separate aft garage with side access stores the yacht's primary tender without impacting guest spaces.In addition, Kairos features a dedicated bow garage, discreetly housing jet skis and a rescue tender. Meanwhile, a separate aft garage with side access houses the yacht’s primary tender, stowed away to leave guest areas undisturbed. <img src="https://photo-assets.superyachttimes.com/photo/397332/image/large-c9d3caeb265320db2d2d23a3105877a1.jpg" data-gid="gid://syiq/Photo/397332">

SY Design unveils 52m yacht concept Kairos

SY Design has unveiled Kairos, a 52-metre motor yacht concept centred around the owner’s experience of the sea.

 SY Design unveils 52m yacht concept Kairos with sea-level pool

The 24.6-metre <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> motor yacht <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> has been sold, with Joe Hill of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/377303/image/large-e9f5ee62744476943f9773dd48e429fb.jpg" data-gid="gid://syiq/Photo/377303">Delivered in 2022, the yacht features interiors penned in-house by her British builder. Meanwhile, <a data-gid="gid://syiq/Company/2740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Olesinski Ltd. (Company)">Olesinski</a> took charge of her naval architecture and exterior design.At a volume of 78 GT, she can sleep up to eight guests across four well-appointed staterooms. Guests can enjoy communal areas such as the foredeck and aft deck fitted with sunpads and the flybridge with shade.Propulsion-wise, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, giving her top speed of 39 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> had a last known asking price of £3,175,000.00.Courtesy of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a>.

Princess yacht N2H2 sold

Princess yacht, N2H2 sold, Princess yacht N2H2, Princess yacht sold, N2H2 sold.

25m Princess motor yacht N2H2 sold

The 35.4-metre <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a> sailing yacht <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has been sold with Yannis Stratis of <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a>. The sale was concluded directly with a private buyer, with <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a> acting as both owner and central agent in the transaction.<img src="https://photo-assets.superyachttimes.com/photo/98550/image/large-7470442e827fa639586e6fb0099778c8.jpg" data-gid="gid://syiq/Photo/98550">The sale was completed in spring 2026 at Yacht Broker House's home base in Corfu, Greece. Since changing hands, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has departed Greece and is now cruising European waters under her new ownership.&nbsp;Delivered in 1992 by Italian shipyard <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a>, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> most recently underwent a refit in France in 2024. She features exterior design and naval architecture by <a data-gid="gid://syiq/Company/357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laurent Giles Superyacht Architects (Company)">Laurent Giles Superyacht Architects</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/618" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Garroni (Company)">Studio Garroni</a>.Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has a beam of 7.95-metres and an interior volume of 171 GT. Accommodation onboard is arranged for up to 10 guests across a five stateroom configuration, while dedicated quarters house up to a crew of six, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> is powered by a single <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engine that delivers a cruising speed of 9.7 knots and a top speed of 12 knots.&nbsp;At the time of her sale, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> had a last known asking price of €900,000.

35m Cantiere Valdettaro sailing yacht Unplugged sold

  The 35.4-metre Cantiere Valdettaro sailing yacht Unplugged has been sold with Yacht Broker House

<img src="https://photo-assets.superyachttimes.com/photo/392305/image/large-86c88e62c5d466ff1f840f9818dce38b.jpg" data-gid="gid://syiq/Photo/392305">The 29.7-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> has been sold. Ferhat Kanbur of <a data-gid="gid://syiq/Company/7089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Data Marin (Company)">Data Marin</a> introduced the buyer, while Ilker Bicaco of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a> represented the seller.Delivered in 2010, the yacht features naval architecture penned in-house by her builder. Meanwhile, her interior and exterior designs were crafted by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Design</a>.Inside, her design is distinguished by light coloured woods that give the yacht a contemporary feel. <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> can accommodate up to ten guests across four well-appointed staterooms at a volume of 177 GT. Moreover, a highlight of the yacht is a relaxation area on her flybridge, where guests can enjoy panoramic views.&nbsp;In terms of propulsion system, <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a cruising speed of 24 knots and a top speed of 27 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> had a last known asking price of €2,990,000.Photo courtesy of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a>.

Custom Line yacht Lady Yaz sold

The 29.7-metre Custom Line motor yacht Lady Yaz has been sold.

30m Custom Line motor yacht Lady Yaz sold

The 57-metre <a data-gid="gid://syiq/Company/106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trinity Yachts (Company)">Trinity</a> motor yacht <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> is on the market, with Rob Newton of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> benefitted from a 2025 refit that refreshed her interiors and modernised her systems.<img src="https://photo-assets.superyachttimes.com/photo/397161/image/large-157dd31b806639942ec6e7d2aeb4801c.jpg" data-gid="gid://syiq/Photo/397161">With a deck design built around guest flow, <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> features naval architecture and exterior design penned in-house by her American builder. Meanwhile, <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> took charge of her interior design which is distinguished by Italian marbles, Lalique glass, silk carpets and rich wood in birch, vavona, and bur.<img src="https://photo-assets.superyachttimes.com/photo/397220/image/large-a05b27ee4abd4103f48fae88e6afdaf3.jpg" data-gid="gid://syiq/Photo/397220"><img src="https://photo-assets.superyachttimes.com/photo/397195/image/large-5eb0377176736d577315088431b690c5.jpg" data-gid="gid://syiq/Photo/397195">At a volume of 782 GT, the <a href="https://www.superyachttimes.com/yachts/elis-et-mar" target="_blank">yacht Elis Et Mar for sale</a> can accommodate up to 12 guests across six well-appointed staterooms. Her full-beam master suite is found on the main deck. This area can be accessed via a private office and is fitted with a king-size bed, walk-in wardrobe, and his-and-hers bathrooms with a soaking tub, separate rain shower, and mirror TVs. <img src="https://photo-assets.superyachttimes.com/photo/397199/image/large-86d7a9b383706d0176d50ebc3a5183fe.jpg" data-gid="gid://syiq/Photo/397199"><img src="https://photo-assets.superyachttimes.com/photo/397208/image/large-d05e1e5f38e5dc5c8b79aa56962db52a.jpg" data-gid="gid://syiq/Photo/397208">The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale’s</a> VIP suite located on the bridge deck also showcases a king-size bed, elevated views, and a spacious ensuite. Four guest suites on the lower deck, all with fixed king beds and ensuite bathrooms, complete the accommodation.<img src="https://photo-assets.superyachttimes.com/photo/397214/image/large-27ec017e7e73699f2a44df284651fc7c.jpg" data-gid="gid://syiq/Photo/397214">Moving outside, guests aboard <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> are spoilt for choice between adventure and relaxation. Her sundeck plays host to a large Jacuzzi, generous sunpads, a full bar, and an outdoor entertainment system. For those looking to keep active, a fully enclosed, air-conditioned gym is also on offer, equipped with a Pilates Reformer, treadmill, free weights, and audio-visual facilities. A portable ice bath is also available upon request.<img src="https://photo-assets.superyachttimes.com/photo/397235/image/large-cd87a31b555950b9bd569392e9918873.jpg" data-gid="gid://syiq/Photo/397235"><a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar’s</a> bridge deck sky lounge provides a relaxed indoor retreat, complete with plush seating, a full-service bar, and alfresco dining for up to 12 guests aft. Guests may choose between a formal indoor dining space or an aft dining area with optional climate control, offering flexibility to suit any occasion, on the main deck aft.<img src="https://photo-assets.superyachttimes.com/photo/397231/image/large-98b1ee45ae88293202adcd95833904d2.jpg" data-gid="gid://syiq/Photo/397231">Moreover, an impressive array of water toys ensures no shortage of thrills for the more adventurous. On the water, guests can make use of four <a data-gid="gid://syiq/Company/3030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cayago AG / Seabob (Company)">Seabobs</a>, two Lift E-Foils, an Awake Ravic electric surfboard, three Jet Skis, a <a data-gid="gid://syiq/Company/5777" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yamaha (Company)">Yamaha</a> Superjet, inflatable towables, and full snorkelling and fishing gear, alongside two foldable e-bikes for exploration ashore. The entire guest experience is overseen by a professional crew of 13.<img src="https://photo-assets.superyachttimes.com/photo/397191/image/large-7c46a1b67dc6f3193229d237bca28a4f.jpg" data-gid="gid://syiq/Photo/397191">In terms of propulsion system, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=trinity-yachts" target="_blank">Trinity yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, giving her a cruising speed of 14 knots and a top speed of 20 knots.<img src="https://photo-assets.superyachttimes.com/photo/397192/image/large-e9dc6c5d43d791366dd8c886a1767f06.jpg" data-gid="gid://syiq/Photo/397192">

Trinity yacht Elis Et Mar for sale

The 57-metre Trinity motor yacht Elis Et Mar is on the market, with Rob Newton of IYC.

57m Trinity superyacht Elis Et Mar for sale

The 23.27-metre <a data-gid="gid://syiq/Company/6072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lagoon Yachts (Company)">Lagoon</a> sailing yacht <a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is on the market, listed with Pierre Vezilier of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/397239/image/large-f1bb937cf0476fd3bcdc5812056e6442.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20260617%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260617T063333Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=262c295532260cfc74c32458fc7618902efd698bf345fdbf0eacd0c8ba9d3ec2" data-gid="gid://syiq/Photo/397239">Delivered in 2024, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> features exterior design by <a data-gid="gid://syiq/Company/6073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Patrick Le Quément (Company)">Patrick Le Quément</a>, interior styling by <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a>, and naval architecture by <a data-gid="gid://syiq/Company/39" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VPLP Design (Company)">VPLP Design</a>. She was conceived with a large sail plan and an optimised hull, delivering efficient open-water performance and stability at sea.<img src="https://photo-assets.superyachttimes.com/photo/397254/image/large-5dd6261e35858f970d81b928ddaa7e07.jpg" data-gid="gid://syiq/Photo/397254"><img src="https://photo-assets.superyachttimes.com/photo/397252/image/large-c8d1bd1bbc866600bfd48dd91c2cdf50.jpg" data-gid="gid://syiq/Photo/397252">The interiors onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale</a> are laid out with a strong emphasis on privacy and generous communal areas. Warm shades of brown, blue and neutral tones run throughout both the private and shared spaces, creating a cohesive atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/397249/image/large-dba320035103ae5c7f72055143b1b08b.jpg" data-gid="gid://syiq/Photo/397249"><img src="https://photo-assets.superyachttimes.com/photo/397242/image/large-6501bd710eba06086f0cd2e755663aab.jpg" data-gid="gid://syiq/Photo/397242">The <a href="https://www.superyachttimes.com/yachts/spirit-of-ponant" target="_blank">yacht Spirit of Ponant for sale</a> can accommodate up to 12 guests across six well-appointed staterooms, with a gross tonnage of 135 GT. On deck, guests may dine alfresco in the aft area, while a hydraulic swim platform provides easy access to the sea.<img src="https://photo-assets.superyachttimes.com/photo/397255/image/large-1b4072cb4b8f209c2ca62d359f3ddbeb.jpg" data-gid="gid://syiq/Photo/397255"><a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is powered by twin <a data-gid="gid://syiq/Company/6795" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nanni industries (Company)">Nanni Industries</a> engines, giving the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=lagoon-yachts" target="_blank">Lagoon yacht for sale</a> a cruising speed of 10 knots and a top speed of 18 knots.Photo courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

catamaran yacht Spirit of Ponant for sale

The 23.27-metre Lagoon sailing yacht Spirit of Ponant is on the market.

23m catamaran Spirit of Ponant for sale

<img src="https://photo-assets.superyachttimes.com/photo/397150/image/large-843519c5d1eee2588222c47260858dee.jpg" data-gid="gid://syiq/Photo/397150">The 73.3-metre <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> superyacht <a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</a> has been spotted making her second visit to Guernsey, having first called at the island on 2 May 2016. She was seen in St Peter Port yesterday and is now en route to Gibraltar, according to AIS data.Previously known as Grace E, she was delivered in 2014 by <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> under its Picchiotti brand in Viareggio, as the largest motor yacht ever built by the shipyard. The 1,876 GT vessel features exterior design by <a data-gid="gid://syiq/Company/53" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Briand Yacht Design (Company)">Briand Yacht Design</a>, with interiors originally conceived by French designer <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Rémi Tessier</a>. She underwent a refit in 2023 with <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> at <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor (Company)">Safe Harbour</a> La Ciotat.<a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> diesel-electric engines, affording her a cruising speed of 12 knots, a top speed of 16.5 knots, and a range of 7,500 nautical miles.

73m Perini Navi superyacht Nautilus in Guernsey

The 73.3-metre Perini Navi superyacht Nautilus has been spotted making her second visit to Guernsey.

The 146-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/8520" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Opera146.0m (479'0&quot;)Lürssen Yachts2022">Opera</a> is currently undertaking her sea trials in the North Sea. She left <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>’s facility in Bremen, Germany, on Tuesday and is expected to return next week. <img src="https://photo-assets.superyachttimes.com/photo/250282/image/large-cb05d472a7f7298fa19db15e00c952ae.jpeg" data-gid="gid://syiq/Photo/250282"><a data-gid="gid://syiq/Yacht/8520" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Opera146.0m (479'0&quot;)Lürssen Yachts2022">Opera</a> is the sixth largest superyacht built by the German shipyard, and the 10th largest superyacht in the world. She was officially launched last month in ceremonious fashion. <img src="https://photo-assets.superyachttimes.com/photo/241643/image/large-7196194702060026947a9e4cd89c7c6d.jpg" data-gid="gid://syiq/Photo/241643">Very little is known about the secretive project, apart from that <a data-gid="gid://syiq/Company/2" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Terence Disdale Design (Company)">Terrence Disdale Design</a> oversaw both her exterior and interior design. We can also see that she’s been equipped with two helipads: one on her foredeck and the second aft. She’s also fitted with two swimming pools and has an incredibly generous beach club.<img src="https://photo-assets.superyachttimes.com/photo/241641/image/large-38b98e82a315a7bbb5f6dc20fbaea398.jpg" data-gid="gid://syiq/Photo/241641"><img src="https://photo-assets.superyachttimes.com/photo/241644/image/large-eec1723c101e1c7dc72cd2b5152b0271.jpg" data-gid="gid://syiq/Photo/241644"><a data-gid="gid://syiq/Yacht/8520" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Opera146.0m (479'0&quot;)Lürssen Yachts2022">Opera</a> has been constructed with a steel hull and aluminium superstructure, and is expected to be over 12,000 GT. <img src="https://photo-assets.superyachttimes.com/photo/241639/image/large-d9107c0663a96d19d754d3f506eed9e3.jpg" data-gid="gid://syiq/Photo/241639"><a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has more than 10 other superyacht projects either underway or pending, including the 145-metre Luminance which is scheduled to be completed next year. <img src="https://photo-assets.superyachttimes.com/photo/241640/image/large-413eb35a1bb1823aa77ed0df291d5302.jpg" data-gid="gid://syiq/Photo/241640">

146m Lürssen superyacht Opera sea trials

The 146-metre Lürssen superyacht Opera is currently undertaking her sea trials. She was officially launched last month.  

146m Lürssen superyacht Opera on sea trials

The 107-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/6431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Icecap107.0m (351'1&quot;)Lürssen Yachts2023">Project Icecap&nbsp;</a>has been spotted outside the shipyard in Wolgast. <img src="https://photo-assets.superyachttimes.com/photo/250571/image/large-ca7d0432da1b536539df6b7842985c87.jpg" data-gid="gid://syiq/Photo/250571"><a data-gid="gid://syiq/Yacht/6431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Icecap107.0m (351'1&quot;)Lürssen Yachts2023">Icecap</a> was constructed at the German builder's <a data-gid="gid://syiq/Company/193" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Peene-Werft GmbH (Company)">Peene-Werft</a> shipyard, which belongs to <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s naval division. The project has been kept under tight wraps until July of this year, when she first emerged from the shed. <img src="https://photo-assets.superyachttimes.com/photo/250570/image/large-b9c5bdf7421312fd110fed94d67fb786.jpg" data-gid="gid://syiq/Photo/250570"><a data-gid="gid://syiq/Yacht/6431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Icecap107.0m (351'1&quot;)Lürssen Yachts2023">Project Icecap</a> is a full-bodied explorer and has been constructed with a steel hull and an aluminium superstructure. She is expected to be equipped with three <a data-gid="gid://syiq/Company/1438" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wärtsilä (Company)">Wärtsilä</a> engines. Once completed, <a data-gid="gid://syiq/Yacht/6431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Icecap107.0m (351'1&quot;)Lürssen Yachts2023">Project Icecap</a> will be amongst the world’s largest superyachts. <a data-gid="gid://syiq/Company/4827" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Salt Ship Design (Company)">Salt Ship Design</a> oversaw both her exterior design and naval architecture, and she’s expected to offer close to 6,000 GT of interior volume. <img src="https://photo-assets.superyachttimes.com/photo/45307/image/large-81a5beade0a4b025a64087f9a6883e94.jpg" data-gid="gid://syiq/Photo/45307">The owner is being represented throughout the build by <a data-gid="gid://syiq/Company/6940" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Occam Marine (Company)">Occam Marine</a>. <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> currently has 10 other superyachts under construction and expects to deliver <a data-gid="gid://syiq/Yacht/6431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Icecap107.0m (351'1&quot;)Lürssen Yachts2023">Project Icecap</a> next year.&nbsp;

107m Lürssen superyacht Project Icecap sea trials

The 107-metre Lürssen superyacht Project Icecap leaves Peene-Werft for sea trials.  

107m Lürssen superyacht Project Icecap spotted in Germany

The 92.42-metre <a data-gid="gid://syiq/Company/5" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nobiskrug (Company)">Nobiskrug</a> superyacht <a data-gid="gid://syiq/Yacht/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatoosh92.42m (303'3&quot;)Nobiskrug2000">Tatoosh</a> has been sold after nearly two years on the market. Stuart Larsen of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> represented the seller in collaboration with Matt Emerson of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>.<img src="https://photo-assets.superyachttimes.com/photo/239160/image/large-e334894fa9cc7da8636e361077147281.jpg" data-gid="gid://syiq/Photo/239160">Originally built in 2000 by <a href="https://sya.superyachttimes.com/companies/nobiskrug" target="_blank">Nobiskrug</a>, <a data-gid="gid://syiq/Yacht/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatoosh92.42m (303'3&quot;)Nobiskrug2000">Tatoosh</a> has been meticulously maintained and underwent an extensive maintenance period in 2021, including a full repaint and a 20-year service. <a href="https://sya.superyachttimes.com/companies/kusch" target="_blank">Kusch Yachts</a> and <a href="https://sya.superyachttimes.com/companies/studio-yacht" target="_blank">Studio Yacht</a> collaborated on both her naval architecture and exterior design, while what’s inside the spacious 3,229 GT are the works of <a href="https://sya.superyachttimes.com/companies/terence-disdale" target="_blank">Terrence Disdale Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/241258/image/large-ad46a719bb8904af75fdbbd567f5438f.jpg" data-gid="gid://syiq/Photo/241258">Among the superyachts most impressive features are her two helipads, a massage room and a spacious 5-metre by 4-metre custom-built heated contra flow pool on the main deck aft with a moving floor that transforms into a dance floor.<img src="https://photo-assets.superyachttimes.com/photo/241253/image/large-90335b1a1266a80601771caaf2439e8a.jpg" data-gid="gid://syiq/Photo/241253"><img src="https://photo-assets.superyachttimes.com/photo/241238/image/large-330cb8820f9923032d1ccd9d9d2304ff.jpg" data-gid="gid://syiq/Photo/241238">Able to accommodate as many as 19 guests across 11 staterooms, as well as a crew of up to 31 to take care of them, <a data-gid="gid://syiq/Yacht/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatoosh92.42m (303'3&quot;)Nobiskrug2000">Tatoosh</a> features a five deck layout with an array of lounge, dining and exterior spaces.<img src="https://photo-assets.superyachttimes.com/photo/241249/image/large-22848874068b2b4fda2f6a63bbe6d356.jpg" data-gid="gid://syiq/Photo/241249"><a href="https://sya.superyachttimes.com/yachts/tatoosh" target="_blank">Tatoosh</a> features an impressive master suite located on the main deck equipped with his-and-hers dressing rooms, an ensuite bathroom, an intimate observation lounge with a bar offering 180-degree views, private studies and two children’s cabins. Additionally, a private gym and beauty salon can be found here as well as the functionality for the area to be closed off to create a separate, private owner’s apartment.<img src="https://photo-assets.superyachttimes.com/photo/241244/image/large-0c91e5b88bab1155886556184df5ce0e.jpg" data-gid="gid://syiq/Photo/241244"><img src="https://photo-assets.superyachttimes.com/photo/241242/image/large-9f76835c585cb85073d9f64c709dbec3.jpg" data-gid="gid://syiq/Photo/241242">In terms of performance she can cruise comfortably at 18 knots and reach top speeds of up to 19 knots thanks to her double <a href="https://sya.superyachttimes.com/companies/deutz-ag" target="_blank">Deutz</a> 4,350 horsepower diesel engines. Comfort on board is ensured thanks to her <a href="https://sya.superyachttimes.com/companies/blohm-voss" target="_blank">Blohm &amp; Voss stabilisers</a>.<img src="https://photo-assets.superyachttimes.com/photo/241259/image/large-55ffca855c82257c877d7bd2f32f1d71.jpg" data-gid="gid://syiq/Photo/241259">The superyacht <a data-gid="gid://syiq/Yacht/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tatoosh92.42m (303'3&quot;)Nobiskrug2000">Tatoosh</a> had a last known asking price of €90,000,000.

92m Nobiskrug superyacht Tatoosh sold

The iconic Nobiskrug superyacht Tatoosh sold in Monaco after nearly 2 years on the market.

Bilgin superyacht Leona launched

Bilgin's 80-metre superyacht Leona has been launched in Turkey.

Watch: Bilgin 80m superyacht Leona has been launched

Dutch shipbuilding giant <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> has announced the delivery of the 74-metre superyacht <a data-gid="gid://syiq/Yacht/8653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M&Em74.0m (242'9&quot;)Amels2022">M&amp;EM</a> to her owner. The bespoke superyacht is the seventh in the <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> Limited Editions 242 series, with the owner requesting a wide range of customisations to the interior design by <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/248791/image/large-33460946daf930e47e0323b1bafc42cf.jpg" data-gid="gid://syiq/Photo/248791"><a data-gid="gid://syiq/Yacht/8653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M&Em74.0m (242'9&quot;)Amels2022">M&amp;EM</a>, previously known under her build name of <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 24207, features the unmistakable signature exterior design of <a data-gid="gid://syiq/Company/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tim Heywood Design Ltd. (Company)">Tim Heywood</a> with naval architecture by <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>. She is part of the <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> Limited Edition 242 series<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)"></a>; however, her interior design by <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch</a> is what separates her from her sister ships.“We are delighted to be handing over this beautiful yacht to her owners,” commented Project Manager Peter Dijkwel. “It is a milestone which has been made possible thanks to the excellent collaboration between all parties involved and we look forward to following her next chapter.”Like all <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> Limited Editions, the yacht <a data-gid="gid://syiq/Yacht/8653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M&Em74.0m (242'9&quot;)Amels2022">M&amp;EM</a> has been designed to deliver ocean-going performance and an excellent onboard experience. She includes all the latest <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 242 standout features, such as a dedicated owner’s deck with spectacular views.<img src="https://photo-assets.superyachttimes.com/photo/248792/image/large-9bd87be9794e389e138f7c27c803678a.jpg" data-gid="gid://syiq/Photo/248792"><a data-gid="gid://syiq/Yacht/8653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M&Em74.0m (242'9&quot;)Amels2022">M&amp;EM</a> offers guests 1,790 GT of interior space with accommodation for up to 12 guests in six sumptuous staterooms. Her forward-facing owner's stateroom has exclusive access to a foredeck Jacuzzi, and she is also able to carry a crew of 19 plus the captain.In terms of performance, <a data-gid="gid://syiq/Yacht/8653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M&Em74.0m (242'9&quot;)Amels2022">M&amp;EM</a> will be capable of cruising 5,000 nautical miles at 12.5 knots and will be capable of reaching a top speed of 16.5 knots. She has been &nbsp;equipped with the newest IMO Tier III clean emissions power and propulsion package.

74m Amels motor yacht M&EM delivered

The seventh 74m Amels Limited Edition 242 superyacht M&EM has been delivered to her owner.

74m Amels Limited Edition 242 superyacht M&EM delivered

The construction of the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> 72 Steel superyacht has officially commenced. The Italian luxury shipbuilder laid the keel of its largest project to date during a private ceremony with the owner paying witness.&nbsp;The 72-metre superyacht will claim the plinth as <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s flagship, and is being constructed to a design by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>. As her name attests, the 72 Steel will be constructed with a steel hull and she’ll span five decks with a total volume of 1,850 GT. <img src="https://photo-assets.superyachttimes.com/photo/250520/image/large-0a3fbeca280e8c3933c53ff570e0aa4f.jpg" data-gid="gid://syiq/Photo/250520"><a data-gid="gid://syiq/Company/586" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Francesco Paszkowski (Company)">Francesco Paszkowski Design</a> was enlisted to curate her interior spaces, and the studio has conceived the project “designed at 360 degrees around the concept of livability on board”. The 72 Steel superyacht will connect the exterior and interior spaces seamlessly, thanks to an extensive use of glass throughout. Her guest and crew accommodations are still unknown, but <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has teased an exclusive owner’s decks.<img src="https://photo-assets.superyachttimes.com/photo/250531/image/large-2745a52175f880570f64f0828612daa1.jpeg" data-gid="gid://syiq/Photo/250531">The 72 Steel superyacht will be one of the yachts in the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> fleet to be equipped with a hybrid diesel-electric propulsion system. According to the yard, “This system embodies the best green technology on the market today and represents a concentration of innovations that will make it possible to significantly reduce emissions in the atmosphere and at sea while maintaining a high level of comfort on board and by streamlining the spaces dedicated to the engine area in favour of the internal volumes for owners and guests.”<img src="https://photo-assets.superyachttimes.com/photo/112189/image/large-e759d505e840f9078d7698e43070406c.jpg" data-gid="gid://syiq/Photo/112189">Read:&nbsp;<a data-gid="gid://syiq/Article/56349" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rolls-Royce on its roadmap to delivering methanol-powered superyachts with Lürssen and Sanlorenzo by 2026 (2022-11-08 17:15:00 +0100)">Rolls-Royce on its roadmap to delivering methanol-powered superyachts with Lürssen and Sanlorenzo by 2026</a><a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>, the firm that brokered this sale, will act as project manager throughout her construction. The 72 Steel superyacht is scheduled for delivery in 2025.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/56352" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo reports excellent with an order book nearing €1.7B (2022-11-08 16:30:00 +0100)">Sanlorenzo reports excellent with an order book nearing €1.7B</a><a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has 22 steel and/or aluminium superyachts currently under construction, ranging from 44 to 73 metres in length. The largest project will supersede the 72 Steel as flagship, once delivered in 2026.&nbsp;

Sanlorenzo lays keel of 72 Steel superyacht

The construction of the Sanlorenzo 72 Steel superyacht has officially commenced. She’s the shipyard’s new flagship.

Sanlorenzo lays the keel of flagship 72 Steel superyacht

The 85.1-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Meridian A85.1m (279'2&quot;)Lürssen Yachts2011">Meridian A</a> (ex. Valerie) was one of the first Russian-owned yachts to be arrested, following Joe Biden’s State of the Union address on 2 March 2022. <a data-gid="gid://syiq/Yacht/675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Meridian A85.1m (279'2&quot;)Lürssen Yachts2011">Meridian A</a> was arrested less than two weeks after the address and has been immobilised at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Barcelona</a> ever since. <img src="https://photo-assets.superyachttimes.com/photo/175152/image/large-12fbabaf23100f6ea1bfbf100de83adb.jpg" data-gid="gid://syiq/Photo/175152">According to new findings published by Bloomsberg, her owner stopped paying maintenance fees in June. <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92</a> allegedly lodged a complaint, which the Spanish government is now acting upon. The report states that a court order was passed down by a Barcelona judge on Wednesday to seize the superyacht. <img src="https://photo-assets.superyachttimes.com/photo/175163/image/large-1b17ed0cd1304ccd9d134800b62ef3c4.jpg" data-gid="gid://syiq/Photo/175163"><img src="https://photo-assets.superyachttimes.com/photo/175164/image/large-f9d5d38725322f7b6b07541b770ab5cd.jpg" data-gid="gid://syiq/Photo/175164">Read:&nbsp;<a data-gid="gid://syiq/Article/55459" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Update: Seized Russian superyacht Axioma sold at auction for $37.5m (2022-09-28 08:00:00 +0200)">Update: Seized Russian superyacht Axioma sold at auction for $37.5m</a><a data-gid="gid://syiq/Yacht/675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Meridian A85.1m (279'2&quot;)Lürssen Yachts2011">Meridian A</a> was scheduled for maintenance at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Barcelona</a>, but once placed under arrest it was deemed a criminal act to conduct work or power the engines to move the vessel. Interestingly, her name change from Valerie to <a data-gid="gid://syiq/Yacht/675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Meridian A85.1m (279'2&quot;)Lürssen Yachts2011">Meridian A</a> occurred since her arrest.<img src="https://photo-assets.superyachttimes.com/photo/175156/image/large-01b281b0a572923a18b553da630bcbc1.jpg" data-gid="gid://syiq/Photo/175156"> <img src="https://photo-assets.superyachttimes.com/photo/175173/image/large-5924be1b6350abd00e9b1637520e932b.jpg" data-gid="gid://syiq/Photo/175173"><img src="https://photo-assets.superyachttimes.com/photo/175169/image/large-27c21046ec061058a38acc6d5204e193.jpg" data-gid="gid://syiq/Photo/175169">Read: <a data-gid="gid://syiq/Article/54666" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crew member attempts to sink €6.5m superyacht Lady Anastasia (2022-02-28 16:15:00 +0100)">Crew member attempts to sink €6.5m superyacht Lady Anastasia</a>According to Bloomberg, the Spanish government also has two other superyachts under arrest: <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>’s 135-metre <a data-gid="gid://syiq/Yacht/6311" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crescent135.0m (442'11&quot;)Lürssen Yachts2018">Crescent</a> and <a data-gid="gid://syiq/Company/496" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sensation Yachts (Company)">Sensation Yachts</a>’ 47.73-metre <a data-gid="gid://syiq/Yacht/958" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Anastasia47.73m (156'7&quot;)Sensation Yachts2001">Lady Anastasia</a>, which was sabotaged in February by the chief engineer. But, according to the report, the owners of both of these vessels are keeping up with their payments, unlike <a data-gid="gid://syiq/Yacht/675" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Meridian A85.1m (279'2&quot;)Lürssen Yachts2011">Meridian A</a>.<img src="https://photo-assets.superyachttimes.com/photo/175154/image/large-b9bd880b570d76abd2b4f5c1e561647b.jpg" data-gid="gid://syiq/Photo/175154">

Russian-owned 85m Lürssen superyacht Meridian A to be seized  

A court order has been passed down in Barcelona to seize the Russian-owned 85m arrested superyacht Meridian A.

Spanish government to seize Russian-owned 85m Lürssen superyacht Meridian A

<a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic42</a>, the all-new superyacht refit facility in Bijela, Montenegro, has officially opened. <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>’s 106.7-metre motor sailing yacht <a data-gid="gid://syiq/Yacht/4795" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Black Pearl106.7m (350'1&quot;)Oceanco2018">Black Pearl</a> arrived at the site earlier this month for her forthcoming refit – making her the first boat to dock in <a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic42</a>’s superyacht yard.<img src="https://photo-assets.superyachttimes.com/photo/247545/image/large-a4a1b4225635ed8ac7b5f7c84d6e6b10.jpg" data-gid="gid://syiq/Photo/247545">“Starting from today, with the service provided by <a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic42</a>, Montenegro presents itself to the world as a well-rounded facility for nautical tourism. In addition to moorings, it offers to yacht owners and their crews quality repairs, relieving them of the need to temporarily move from Montenegrin marinas every year,” Milo Đukanović, President of Montenegro, commented. “We are proud that this is the first marine facility of its type and scale in Montenegro. And that contributes to the perception of Montenegro as a new tourist destination in the Mediterranean and in Europe.”<a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic42</a> is the redesigned Bijela shipyard, which has been transformed into a premium superyacht refit and maintenance facility. The Government of Montenegro granted a 30-year concession for the shipyard to PM Holdings LLC and <a data-gid="gid://syiq/Company/6122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DryDocks World (Company)">Drydocks World Dubai</a>, who’ll run the facilities as a joint venture.The official opening ceremony was attended by a long list of dignitaries, including the President of Montenegro, Milo Đukanović, His Excellency Mohammed Al Shaibani, Managing Director of ICD, His Excellency Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, Captain Rado Antolović, CEO of <a data-gid="gid://syiq/Company/6122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DryDocks World (Company)">Drydocks World</a> and Chairman of <a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic42</a>. <img src="https://photo-assets.superyachttimes.com/photo/179730/image/large-01b83a0f5da95ca26cfe3fa6c360e5e0.jpg" data-gid="gid://syiq/Photo/179730">The former Bijela shipyard, nearly 100 years old, was the largest ship repair yard in the Southern Adriatic. “The development of the project will create hundreds of jobs,” Đukanović added. “In addition to those in the shipyard itself, opportunities will be created for numerous small companies that provide special services, which represents a great opportunity not only for the present, but also for future generations.”Mohammed Al Shaibani, commented, “The Investment Corporation of Dubai is delighted that the joint venture between its operating business in Montenegro, PM Holdings LLC, and our expert marine engineering partner, <a data-gid="gid://syiq/Company/6122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DryDocks World (Company)">Drydocks World Dubai</a>, is being realised through the opening of <a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic42</a>’s specialist superyacht shipyard. <img src="https://photo-assets.superyachttimes.com/photo/179731/image/large-5baf472550fcc5e913a02448316429d2.jpg" data-gid="gid://syiq/Photo/179731">Read:&nbsp;<a data-gid="gid://syiq/Article/54454" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Montenegro and Drydocks World on course to turn Bijela Shipyard into a leading superyacht refit centre (2022-01-20 12:30:00 +0100)">Porto Montenegro and Drydocks World on course to turn Bijela Shipyard into a leading superyacht refit centre</a>“Together we’ve shared a long-held ambition to re-activate Montenegro’s former Bijela shipyard in Kotor Bay, and <a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic42</a>’s new refit and repair facility, with the extraordinary superyacht marina village of Porto Montenegro as its backdrop, will create a unique and unrivalled year-round yachting hub in the Mediterranean. This is just the beginning for <a data-gid="gid://syiq/Company/6770" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adriatic 42 (Company)">Adriatic42</a>’s superyacht services, and we look forward to the employment opportunities and prosperity which they will bring to Montenegro.”Read:&nbsp;<a data-gid="gid://syiq/Article/55233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Porto Montenegro announces major expansion plans to position itself as “the premium yachting hub” in the Mediterranean (2022-05-27 11:00:00 +0200)">Porto Montenegro announces major expansion plans to position itself as “the premium yachting hub” in the Mediterranean</a>Captain Rado Antolović, added, “The opening of this unique facility for the refit and maintenance of superyachts, marks the beginning of a new era of sustainable and modern shipbuilding globally. It is also a great boost for the maritime and yachting sectors in Montenegro, with more than €40 million invested in the project to date, including for the acquisition of state-of-the-art infrastructure and investments in sustainable technologies.“

Adriatic42 superyacht refit centre in Montenegro officially opened

Adriatic42 refit facility in Bijela, Montenegro, has officially opened. 

Adriatic42 superyacht refit and maintenance centre in Montenegro officially opened 

The German shipyard <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has been continuously pioneering in the sector of sustainable yachting, announcing the sale of the first superyacht with fuel cell technology in April 2021. Since then, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has built an on-site fuel cell Innovation Laboratory at the shipyard in Bremen, where the fuel cell can be tested under real environmental conditions and with all the necessary auxiliary systems. This demonstration facility is intended to verify the new technology and is thus the final preparation for successfully bringing fuel cells on board a yacht. The energy generated will be used to supply one of the construction halls with electricity. This show season the shipyard made further progress, announcing a further partnership with <a data-gid="gid://syiq/Company/2207" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rolls-Royce Marine (Company)">Rolls-Royce</a> <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> for the further development of methanol as an environmentally and climate friendly fuel for yachts.<img src="https://photo-assets.superyachttimes.com/photo/247938/image/large-75ecff1795c3056e99a72cf8b952120f.jpg" data-gid="gid://syiq/Photo/247938"><a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> and <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> believe that the use of green methanol is the best option for the future of the yachting industry, particularly for yachts over 75 metres, with which <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> specialise. The fuel is created by taking carbon dioxide from the atmosphere and converting it using renewable energy sources, resulting in a fuel with a truly ‘net zero’ footprint.Daniel Chatterjee, Director of Technology Management &amp; Regulatory Affairs at <a data-gid="gid://syiq/Company/2207" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rolls-Royce Marine (Company)">Rolls-Royce</a>'s Power Systems business unit, and Peter Lürssen, CEO and Managing Partner of <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>, discussed the opportunities and challenges of this venture during the Monaco Yacht Show. “Methanol is currently leading the discussion on alternatives to fossil diesel,” said Chatterjee, who is heavily involved in numerous committees looking into tomorrow's fuels. “Storage and usage challenges do exist because methanol is highly flammable. But the fuel is liquid at normal ambient temperatures, so these challenges can be managed safely, as with other fuels,” he added.<img src="https://photo-assets.superyachttimes.com/photo/247937/image/large-29f6df4e8b676e7f546fb7821e5527b6.jpg" data-gid="gid://syiq/Photo/247937">It is not only safety that needs to be carefully considered, the storage of methanol is around 2.4 times that of diesel which therefore has an impact on the tanks and, as a result, the entire design of the yacht. As Peter <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> explained; “Our customers want to dedicate as little hull-space as possible to propulsion and fuel storage. Methanol has disadvantages here compared to diesel, but clear advantages over other alternatives to fossil fuels. We're now seeing that today's prospective buyers of tomorrow's yachts are increasingly thinking about how they can make running their vessels as environmentally sustainable and climate-friendly as possible.” He continued, “We are therefore registering a growing willingness among future customers to invest in new technologies for climate protection, and to make space available for it in the vessel.”“<a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> is all about top-class yacht-building in the large and extra-large categories. We are proud to have been a partner for decades now, supplying innovative and highly sophisticated propulsion systems. It's always technically challenging, and it will be the same with the methanol engine, especially if we – as a pioneer in the industry – want to influence the direction the market will take. Who, other than us, has the opportunity to provide such a trend-setting impetus to lead shipping into a climate-friendly future?” asked Denise Kurtulus, Vice President, Marine at <a data-gid="gid://syiq/Company/2207" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rolls-Royce Marine (Company)">Rolls-Royce</a>'s Power Systems business unit. “We're both convinced that methanol is going to be one of the key fuels powering tomorrow's vessels, and that's why we intend to use growing climate awareness in society and among our customers to set the direction for the industry and refine the technology,” she continued.<a data-gid="gid://syiq/Company/2207" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rolls-Royce Marine (Company)">Rolls Royce</a> is already in progress on the development of a methanol engine as part of the <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> Series 4000, and the recently announced collaboration with <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a> further solidifies their commitment to a more sustainable future.&nbsp;At next week’s <a href="https://www.gulfsuperyachtsummit.com/" rel="noopener noreferrer" target="_blank" title="">Gulf Superyacht Summit</a>, Peter Lürssen will be participating as the keynote interviewee, discussing the future of the yachting industry and detailing some of the steps being taken by the shipyard to meet sustainability targets.<a href="https://www.gulfsuperyachtsummit.com/" rel="noopener noreferrer" target="_blank" title="">You can buy tickets for the Gulf Superyacht Summit, and get the full programme of events here</a>.To find out more about <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> and its various innovations, get in touch with one of the team now at;

Lürssen and Rolls-Royce partnership

Lürssen has partnered with Rolls-Royce to create a more sustainable yachting propulsion.

Lürssen and Rolls-Royce “to write yachting history” with new partnership toward a sustainable future

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> has published its 2022 quarterly business report, reflecting back on nine months of operations, and the <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">Group</a> is in excellent financial shape. <img src="https://photo-assets.superyachttimes.com/photo/112639/image/large-71dd2b977d22350f5c9d5439c079055c.jpg" data-gid="gid://syiq/Photo/112639">As of 30 September 2022, the <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">Group</a> reports that its total revenue exceeds €210 million, up 64.6 percent compared to €127.8 million as of 30 September 2021. It also reports a gross backlog (shipbuilding and refit) equal to €983 million, with a net backlog of €566 million.&nbsp;In regards to EBITDA, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> announced it hit the €33 million mark – 89.7 percent increase compared to the same nine-month period last year.&nbsp;“The results of the first nine months of 2022 confirm a strong and constant growth, allowing TISG to position itself at the highest end of the Revenue Guidance for 2022, with an EBITDA Margin as of September 30th at 15.7 percent, well above the target already announced to the market,” Giovanni Costantino, founder &amp; CEO of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a>, commented. “The solidity of our strategy is also testified by the success of our series production projects that, just a few months after their launch, have generated a strong commercial interest with the sale, in the third quarter 2022, of two <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a> Panorama 50 metre motor yachts.”<img src="https://photo-assets.superyachttimes.com/photo/240769/image/large-b3d71de28af8a1ddaf1754928e66048e.jpg" data-gid="gid://syiq/Photo/240769">“The implementation of these serial projects will allow a further acceleration of our growth path, by enhancing two different growth drivers and thus continuing to focus our internal engineering capacity on deeply innovative custom-made yachts such as the new <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini</a> fleet, that will soon be launched and, we believe, will bring more momentum to our order portfolio,” Costantino continued. “Furthermore, our investment plans progress steadily in all the three shipyards, with a significant focus on environmental sustainability thanks to the completion of the photovoltaic system in the Marina di Carrara shipyard and the successive start of the sheds coverage in the La Spezia and Viareggio production sites.”<img src="https://photo-assets.superyachttimes.com/photo/190633/image/large-7468869e75590740becc83b9377c52b9.jpg" data-gid="gid://syiq/Photo/190633">During this nine-month period, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> has invested around €11 million, as it progresses from <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> 4.0 to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> 4.1, and finishes both the Viareggio and La Spezia production sites.&nbsp;<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> has a net financial debt of €46 million, compared to a positive net financial position of €41 million as of 31 December 2021. A major factor contributing to this financial position is the Perini Navi acquisition, which cost <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> €75m.&nbsp;The <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">Group</a> has 35 yachts currently under construction; it has 19 superyachts in-build and 16 <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a> for Lamborghini 63s underway.&nbsp;

TISG reports strong financial health

TISG reports strong financial health with a backlog nearing €110m and revenue exceeding €210m. It also reports 35 yachts in-build.

The Italian Sea Group reports revenues up 65% and a backlog nearing €1B

On 9 and 10 November 2022 SuperYacht Times successfully hosted the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2022">Gulf Superyacht Summit</a>, which was held under the patronage of <a data-gid="gid://syiq/Company/6707" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="P & O Marinas (Company)">P&amp;O Marinas</a> and with <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> as the event partner. The two-day event was held onboard Queen Elizabeth II in Dubai.<img src="https://photo-assets.superyachttimes.com/photo/249883/image/large-0dc6cf3f1a6daf88019919272e0f4f24.jpg" data-gid="gid://syiq/Photo/249883">The <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2022">Gulf Superyacht Summit</a> was attended by more than 200 international and national delegates, who enjoyed a two-day event of talks and presentations that pivoted on the topic: how can we attract more superyachts to the Gulf region? <img src="https://photo-assets.superyachttimes.com/photo/249875/image/large-280a7056555769f969a84cba0d93a9b4.jpg" data-gid="gid://syiq/Photo/249875">As SuperYacht Times is a data-driven company the intelligence team has created the in-depth Gulf Superyacht Market Report, which is now available for <a href="https://www.superyachttimes.com/market-reports" rel="noopener noreferrer" target="_blank" title="">free download</a>.<img src="https://photo-assets.superyachttimes.com/photo/249837/image/large-16f871f6fa3cee0ea2f078e963a2660d.jpg" data-gid="gid://syiq/Photo/249837"><img src="https://photo-assets.superyachttimes.com/photo/249834/image/large-54a985686e00008997b66a23974cade7.jpg" data-gid="gid://syiq/Photo/249834">“We’re pleased to see how well the fourth edition of the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2022">Gulf Superyacht Summit</a> went, and the positive reception that we’ve received from those that attended,” Merijn de Waard, founder of SuperYacht Times commented. “I’d like to extend our thanks to everyone that participated on and off the stage, as well as to our sponsors for their continued support.” <img src="https://photo-assets.superyachttimes.com/photo/249725/image/large-2e9b57f47871345c7cd28096464bce0e.jpg" data-gid="gid://syiq/Photo/249725">Adel Abdulwahed Kalantar, Director of Operations &amp; Business Development Dubai Maritime City Authority and&nbsp;Hamza Mustafa, COO of&nbsp;<a data-gid="gid://syiq/Company/6707" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="P & O Marinas (Company)">P&amp;O Marinas</a>&nbsp;on the Future of the GulfSuperYacht Times developed a strong relationship with <a data-gid="gid://syiq/Company/6878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailGP (Company)">SailGP</a>, which was gearing up for the first-ever <a data-gid="gid://syiq/Company/6878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailGP (Company)">SailGP</a> Championship in Dubai, held two days after the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2022">Summit</a>. <a data-gid="gid://syiq/Company/6878" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailGP (Company)">SailGP</a> invited attendees of the Summit for an exclusive ‘behind the scenes’ look at the forthcoming event. <img src="https://photo-assets.superyachttimes.com/photo/249498/image/large-9c38f4725ab0f8880d1b04867c97104f.jpg" data-gid="gid://syiq/Photo/249498">There was also a dinner held onboard Queen Elizabeth IIon the first day of the event, attended by more than 100 VIP guests. <img src="https://photo-assets.superyachttimes.com/photo/249892/image/large-44d57a4ad4c951d3e839fc452c259876.jpg" data-gid="gid://syiq/Photo/249892"><img src="https://photo-assets.superyachttimes.com/photo/249853/image/large-5cd5091fd98550cd50b7e1b1036bc7f2.jpg" data-gid="gid://syiq/Photo/249853"><img src="https://photo-assets.superyachttimes.com/photo/249859/image/large-0b8a971bc69ec5ea0b209301dc61caab.jpg" data-gid="gid://syiq/Photo/249859">Read:&nbsp;<a data-gid="gid://syiq/Article/56299" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit 2022: Final speakers announced for next week's summit (2022-11-02 18:15:00 +0100)">Gulf Superyacht Summit 2022: Final speakers announced for next week's summit</a>“<a data-gid="gid://syiq/Company/6707" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="P & O Marinas (Company)">P&amp;O Marinas</a> has supported the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2022">Gulf Superyacht Summit</a> since it first launched and we are honoured to be a key patron once again,” Hamza Mustafa, Chief Operating Officer of <a data-gid="gid://syiq/Company/6707" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="P & O Marinas (Company)">P&amp;O Marinas</a>, a DP World company commented. “We have watched the Summit grow to become a strategic platform, gathering industry professionals and local authorities, helping them work together to build a yacht friendly ecosystem. I can’t think of a better place than Mina Rashid, where we are creating a regional yachting hub and a new destination for luxury leisure tourism.”<img src="https://photo-assets.superyachttimes.com/photo/249812/image/large-3093d30865c38e9a216870dc60411cb3.jpg" data-gid="gid://syiq/Photo/249812">Mohamed Al Zaabi, Owner of the 35m Benetti&nbsp;<a data-gid="gid://syiq/Yacht/1420" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DXB34.95m (114'8&quot;)Benetti SpA2003">DXB</a>&nbsp;and CEO of&nbsp;<a data-gid="gid://syiq/Company/4686" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yachts Dubai (Company)">Royal Yachts</a>&nbsp;and Guido Krass, owner of 85m&nbsp;<a data-gid="gid://syiq/Yacht/6018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bold85.3m (279'10&quot;)SilverYachts2019">Bold</a>&nbsp;and founder of&nbsp;<a data-gid="gid://syiq/Company/899" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SilverYachts (Company)">SilverYachts</a>&nbsp;Shipyard on the Owners Perspective<img src="https://photo-assets.superyachttimes.com/photo/249822/image/large-2a6799ea916dc5dbe1523b8a78dc3073.jpg" data-gid="gid://syiq/Photo/249822">Johnny Dodge, CEO of&nbsp;<a data-gid="gid://syiq/Company/6391" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="My Ocean Company (Company)">My Ocean</a>&nbsp;speaking on Charter the Way Forward for the Gulf?<img src="https://photo-assets.superyachttimes.com/photo/249789/image/large-cc3377978ebccd3d0255ffbb335b6797.jpg" data-gid="gid://syiq/Photo/249789">Jorrit Pillar, Sales Manager of&nbsp;<a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>&nbsp;and Paris Baloumis, Group Marketing Director of&nbsp;<a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>Read:&nbsp;<a data-gid="gid://syiq/Article/56365" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="2022 Gulf Superyacht Summit: Peter Lürssen’s keynote interview with Merijn de Waard (2022-11-11 10:00:00 +0100)">2022 Gulf Superyacht Summit: Peter Lürssen’s keynote interview with Merijn de Waard</a>“It was empowering to see so many companies and industry experts come together to champion the Gulf as a superyacht destination,” Merijn de Waard concluded. “It’s a growing region and one that we as an industry need to push together to promote. The enthusiasm and passion displayed at the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2022">2022 Gulf Superyacht Summit</a> clearly demonstrated this desire. There’s still progress to be made, but we’re moving in the right direction and the Gulf is undoubtedly a region to watch.” <img src="https://photo-assets.superyachttimes.com/photo/249718/image/large-a8b21dfa661bf4d00d622995efebdb71.jpg" data-gid="gid://syiq/Photo/249718">Merijn de Waard, founder and director of SuperYacht Times delivers the opening talk Analysing the Gulf Superyacht MarketThe fifth edition of the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2022">Gulf Superyacht Summit</a>, and the second hosted by SuperYacht Times will return in 2023.<img src="https://photo-assets.superyachttimes.com/photo/240975/image/large-1dd1deadc2235db72ef7c675ba4762cc.png" data-gid="gid://syiq/Photo/240975"><img src="https://photo-assets.superyachttimes.com/photo/240976/image/large-fd2d41a0239fa277712a77d8dfcfd133.png" data-gid="gid://syiq/Photo/240976">

 2022 Gulf SuperYacht Summit 

On 9 and 10 November 2022 SuperYacht Times successfully hosted the Gulf Superyacht Summit.  

2022 Gulf SuperYacht Summit confirms the “Gulf is a region to watch”

As much of the world settles into a cold and dreary winter season, some golden sunspots remain, providing a sweet release from the frosty greyness elsewhere. A winter superyacht cruise is one of the most luxurious ways to break up the winter months.From cooling off in the waters of one of Antigua’s 365 beaches, to soaking up the warmth of Indonesia’s 365 days of summer, get inspired by these winter cruising destinations which each offer its own secrets to a glorious winter superyacht cruise.The Bahamas<img src="https://photo-assets.superyachttimes.com/photo/104415/image/large-9146572ddc6a30c47299bbd679251370.jpg" data-gid="gid://syiq/Photo/104415">The Bahamas is a world-renowned cruising spot with a well-earned reputation for its winter cruising possibilities. While easy access from the U.S. makes the Bahamas a superyachting favourite for those based in one of the 50 states, this destination has risen in global popularity to achieve its voguish status, attracting a large number of the global fleet in winter months.Over the years, superyachting has become deeply ingrained into the fabric of the country. This can be attributed to major infrastructural developments within recent decades that cater to yachts and their guests, from marine facilities and yacht clubs to luxury resorts and shopping streets. These investments, combined with the island country’s natural compatibility with superyachting, make it one of the most adored winter yachting destinations in the Western Hemisphere.<img src="https://photo-assets.superyachttimes.com/photo/9763/image/large-92a24a2405572bd23ea588d319739f0f.jpg" data-gid="gid://syiq/Photo/9763">The country’s impeccable archipelagic landscape is seemingly designed with cruising in mind, comprising over 700 tropical islands to be explored. With a year-round climate and consistently clear and calm waters, it is no wonder that the Bahamas welcomes so many superyachts each year.<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/250218/image/large-f17f0e32b717c6497d9b73c6fd79b6c5.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20221124%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20221124T124347Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=8e09fde06d02398e21f188e20368a6a85894b854eef6eb6dd4b751c3d854fa99" data-gid="gid://syiq/Photo/250218">On the west coast of the Bahamas is the Andros Barrier Reef, the third largest barrier reef, and living organism, in the world. At 305 kilometres long, the reef buzzes with bountiful sea life, with over 164 species of coral and fish calling it home. Unsurprisingly, snorkelling in this colourful part of the world is a delight.<img src="https://photo-assets.superyachttimes.com/photo/250220/image/large-3985e8e6ab89216f9f4014de08d3fbe8.jpg" data-gid="gid://syiq/Photo/250220">Across the Bahamas, white-sand beaches sprawl and become mesmerising cyan shores. The natural beauty of the Bahamas, combined with its archipelagic formation, makes the country an idyllic destination for watersports, fishing, and swimming. For a unique experience, a visit to Pig Beach allows guests to swim with adorable Exuma pigs, which, aside from a small selection of other wildlife, are the island’s sole inhabitants.St Barts<img src="https://photo-assets.superyachttimes.com/photo/250224/image/large-d80aa5e98f57c2a19aa5b4c4ee92ab9d.png" data-gid="gid://syiq/Photo/250224" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">The Caribbean island of St Barts is a jewel in the French West Indies renowned for its luxurious feel. In fact, luxury oozes into each and every area of a superyacht cruise of St Barts, from its exclusive resorts, to dazzling restaurants, glimmering bars and large and lavish villas. All peppered on a canvas of rich, jungle-green forests with views of a deep blue ocean, a distinct energy is created in St Barts that leaves many returning year after year.<img src="https://photo-assets.superyachttimes.com/photo/196331/image/large-01afa77bfbe3dbd9503ed67bc5c816d5.jpg" data-gid="gid://syiq/Photo/196331">St Barts’ attractions don’t stop there. The country’s duty-free status ensures guilt-free spending at the many designer stores and boutiques on the island. In addition to this, guests can relax knowing they are holidaying on the safest of all the Caribbean islands.On shore, guests can expect an elegant beach club at every turn, overlooking the island’s pristine waters which lap onto world-famous white sand beaches. St Barts and its shores provide the perfect playground for water sports, from spending sunny afternoons Jet Skiing and paddle boarding, to discovering the magic of a deep-sea diving session.Antigua<img src="https://photo-assets.superyachttimes.com/photo/250221/image/large-26c1a6c71aa2fbb10baa1647be9422a0.jpg" data-gid="gid://syiq/Photo/250221">Palm trees, perfect scenery and pirate legends, Antigua is an iconic winter cruising destination. A relaxing beach day is only a few steps away in Antigua, the island country that boasts 365 beaches dotted along its 54 miles of coastline, offering a beach for every day of the year.Of Antigua’s main settlements, her capital city, St John’s, is most alive with people and passion. Eclectic restaurants and vibrant nightlife fill the streets of rainbow frontages. But Antigua’s main enticements lie in her natural gifts.<img src="https://photo-assets.superyachttimes.com/photo/250222/image/large-1798f09ac7b8f4c7225dba299943a448.jpg" data-gid="gid://syiq/Photo/250222">The island’s fringing coral reefs remain marvellously intact, protecting large sections of the east, north and south coasts of Antigua. Antigua’s waters are bubbling with ocean life, with reefs home to abundant underwater creatures, from schools of fish and vivid coral to larger and more unusual under-sea creatures such as sting-rays. Snorkelling and diving are &nbsp;leading activities in the region, with many visitors exploring the underwater world for sea life and shipwrecks.<img src="https://photo-assets.superyachttimes.com/photo/58312/image/large-31fb2e0c11f40dbfe367bb02a3df04c0.jpg" data-gid="gid://syiq/Photo/58312">The Cades Bay Marine Park is famed as one of Antigua’s best spots for observing the coral reef and its many inhabitants. Those more fascinated by deep-water shipwrecks have many to scout, with over 100 recorded shipwrecks around Antigua’s shores. The Wreck of the Andes sank in 1905, and today lies in Deep Bay, often visited by snorkellers and divers keen to take a look.Indonesia<img src="https://photo-assets.superyachttimes.com/photo/244073/image/large-4dcaea5250f711664da3cf4928711864.jpg" data-gid="gid://syiq/Photo/244073">Once lying off the beaten path, the Indonesia of today is rapidly gaining traction as a superyachting hotspot. With a year-round summer, this archipelagic paradise is ready-made for a winter superyacht cruise packed with adventure and exploration.Indonesia’s vast islands and inlets offer a new adventure at every turn. The country’s rich cultural identity is observable in the many awe-inspiring ancient temples and palaces, with Ubud Palace in Bali being a favourite among visitors. Here, guests can experience tranquil palace gardens and mystical ponds overflowing with lily pads, and watch traditional Balinese dance displays regularly hosted in the area.<img src="https://photo-assets.superyachttimes.com/photo/244081/image/large-3a6b18772b79f5e68ea9d6c05a7f703c.jpg" data-gid="gid://syiq/Photo/244081">Geographically, Indonesia has many natural advantages which add to its allure. Situated at the heart of the coral triangle, Indonesia is a place of breathtaking marine diversity. As the point where the Indian and Pacific Oceans connect and converge, this area of ocean is one of the most ecologically diverse on the planet.<img src="https://photo-assets.superyachttimes.com/photo/244075/image/large-4bc0c0e1d3eb537d292af5e8e072743d.jpg" data-gid="gid://syiq/Photo/244075">Indonesia’s marine biodiversity makes it the perfect place for snorkelling and diving, with Raja Ampat offering spectacular views of the polychromatic coral reefs below.<img src="https://photo-assets.superyachttimes.com/photo/244079/image/large-8ccec06bff4f26fc8a8414655e01ba8c.jpg" data-gid="gid://syiq/Photo/244079">For surf enthusiasts, or those wanting to give it a try, Indonesia is one of the world’s first-class surfing destinations. Prime spots are located all around the country’s archipelagos, with Sumbawa and Lombok being the surfing havens of many. The iconic Lakey Peak is situated in the village of Hu'u, South East Sumbawa, and is famed as an epic place to ride the waves.

Winter superyacht cruising destinations 

A winter superyacht cruise is one of the most luxurious ways to break up the winter. Get inspired by these irresistible winter cruising destinations.