Following the forensic investigation and legal action against former executives, <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 now taken a further step to address its financial position.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-176fab6ecaa60429a5acce58ec5da4d6.jpg" data-gid="gid://syiq/Photo/306419">On 16 March 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 it had initiated a negotiated settlement procedure under Italian Legislative Decree No. 14/2019. This legal framework aims to enable them to restructure, while continuing to operate under the supervision of an independent expert.Dr. Enrico Terzani, President of the Order of Chartered Accountants and Accounting Experts of Florence, has been appointed to oversee the process, while management remains fully in control and operations continue as normal.As part of the procedure, protective measures over <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>’s assets are now provisionally effective, providing the company with temporary safeguards from creditor actions, while negotiations are ongoing.The process has been initiated following the filing of a criminal complaint 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>, by Chief Executive Officer Giovanni Costantino. 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.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/299411/image/large-0c278c95831829aaa8d38b96eac3721f.png" data-gid="gid://syiq/Photo/299411">The complaint stated that over time the individuals concerned are alleged to have carried out a series of coordinated actions aimed at concealing the actual management of orders. They also allegedly provided the CEO with accounting and managerial information about orders that did not reflect the true situation.“The company continues to operate in the ordinary course of its industrial and commercial activities, including the ongoing execution of orders in its backlog and the management of its relationships with customers, suppliers and financial partners,” concluded <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>.

TISG initiates negotiated settlement

The Italian Sea Group, Cantiere Shipyard

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The Italian Sea Group R&D shipyard

Following a forensic investigation and legal action against former executives, TISG has now taken a further step to address its financial position.

The Italian Sea Group moves to restructure after internal financial irregularities

The Italian Sea 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 rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. <img src="https://photo-assets.superyachttimes.com/photo/397066/image/large-cec8e87de7ad8613fc332951b5703d7a.jpg" data-gid="gid://syiq/Photo/397066">Last month, Czech investor KKCG Maritime submitted a request to the Italian government following Chinese shareholder Weichai Group’s decision to end CEO Alberto Galassi's 12-year tenure and replace him with Stassi Anastassov during the company’s Annual General Meeting held on 15 May 2026.Read more: <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/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. “The problem is not a fact-based problem,” explained Stassi Anastassov during a press briefing in Milan.“Nothing has really changed. I am as independent as the previous CEO was. I am totally happy if there is an investigation because there is nothing and we would support any fact-finding.”The Board of Directors appointed Anastassov, alongside Tan Ning as Chairman of the Board, Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer as minority shareholder representing Azùr a.s.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.Anastassov said the company has decided to shut down its small defence business in ⁠2024 on the basis of a unanimous decision of the previous board. “We are not actively selling anything sensitive today and there is no order intake.”

Ferretti Group denies breaching Italy’s golden power rules

Ferretti Group has rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. 

Ferretti Group denies allegations of breaching Italy’s golden power rules

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

Delivered in 2023 by Spain's <a data-gid="gid://syiq/Company/1732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Freire Shipyard (Company)">Freire Shipyard</a>, the 111.85-metre superyacht <a data-gid="gid://syiq/Yacht/7970" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Renaissance111.85m (366'12&quot;)Freire Shipyard2023">Renaissance</a> holds the record of being the largest yacht ever built in the country. Recently spotted in Èze, Côte d'Azur, France, SuperYacht Times takes a closer look at the landmark project that established a new benchmark for Spanish yacht construction.<img src="https://photo-assets.superyachttimes.com/photo/397033/image/large-5febe1ee12603bd7dd248d3e7ae5c365.jpg" data-gid="gid://syiq/Photo/397033">1. <a data-gid="gid://syiq/Yacht/7970" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Renaissance111.85m (366'12&quot;)Freire Shipyard2023">Renaissance</a> is the largest yacht ever built in SpainLaunched and delivered in 2023, <a data-gid="gid://syiq/Yacht/7970" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Renaissance111.85m (366'12&quot;)Freire Shipyard2023">Renaissance</a> is the largest yacht ever built in Spain. The Spanish flagship yacht demonstrated <a data-gid="gid://syiq/Company/1732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Freire Shipyard (Company)">Freire Shipyard</a>’s ability to adapt and meet the highest standards of quality and luxury in the industry and created a new and successful line of business traditionally dominated by other countries. <img src="https://photo-assets.superyachttimes.com/photo/397036/image/large-9b565408a41c5b0508ca31177f424e67.jpg" data-gid="gid://syiq/Photo/397036">2. She was built by a yard better known for commercial vesselsFounded in 1895 in Vigo, Spain, under the name Constuccuiones Navales Paulino Freire, <a data-gid="gid://syiq/Company/1732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Freire Shipyard (Company)">Freire Shipyard</a> was founded to repair and build fishing vessels for the owner Paulino Freire Piñeiro. By the 1920s the shipyard manufactured its own steam engines and ship components, before focusing on more specialised rotor tugs as well as fishing, patrol and oceanographic vessels by 1990. In 2022, they launched their first superyacht over 100 metres, the 111.85-metre superyacht Renaissance. <img src="https://photo-assets.superyachttimes.com/photo/397040/image/large-b3599dcf3dff25245330f82792f15b53.jpg" data-gid="gid://syiq/Photo/397040">3. Her interior volume spans an impressive 7,200 GTWith an impressive interior volume of 7,200 GT, <a data-gid="gid://syiq/Yacht/7970" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Renaissance111.85m (366'12&quot;)Freire Shipyard2023">Renaissance</a> ranks as one of the largest yachts on the charter market. With such a large volume, her interior and exterior designers <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> have utilised her 5.7-metre ceiling height in her main saloon, adorning her with sumptuous fabrics and exquisite furnishings from Höller, while creating an air of unrestricted freedom.You can explore <a data-gid="gid://syiq/Article/59259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A first look at the interiors of the 112m Freire superyacht Renaissance (2024-06-24 15:00:00 +0200)">more about her interior here</a>. <img src="https://photo-assets.superyachttimes.com/photo/397037/image/large-352dc58338bab504de7fc7ac16c0353c.jpg" data-gid="gid://syiq/Photo/397037">4. She accommodates up to 36 guests onboard<a data-gid="gid://syiq/Yacht/7970" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Renaissance111.85m (366'12&quot;)Freire Shipyard2023">Renaissance</a> can accommodate up to 36 guests, across 19 elegant staterooms, with her full-beam master suite located on the owner’s deck. The owner’s stateroom includes his-and-hers walk-in wardrobes and his-and-hers bathrooms with a connecting lounge. Her 60 square-metre owner’s deck features a media, cinema room and an opulent saloon bar, while exterior spaces include a bar and an alfresco dining area, with seating for up to 12 guests, as well as a Jacuzzi for six on the owner’s foredeck.<img src="https://photo-assets.superyachttimes.com/photo/397032/image/large-35cbf896ac39b970ebfa29088e6b0f8e.jpg" data-gid="gid://syiq/Photo/397032"><img src="https://photo-assets.superyachttimes.com/photo/397039/image/large-159277765b9f948d43e77dbb98316f82.jpg" data-gid="gid://syiq/Photo/397039">5. She was designed with charter in mindWith six decks to enjoy, guests have plenty to explore onboard <a data-gid="gid://syiq/Yacht/7970" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Renaissance111.85m (366'12&quot;)Freire Shipyard2023">Renaissance</a>. Her triple-aspect beach club provides the perfect opportunity for guests to unwind, while her Jazz bar and cinema provide infinite entertainment. <a data-gid="gid://syiq/Yacht/7970" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Renaissance111.85m (366'12&quot;)Freire Shipyard2023">Renaissance</a> even boasts a pizza oven for an authentically Italian dining experience. She is also equipped with a fully-certified helipad which is the perfect location for evening events, as well as four custom-designed <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> tenders, allowing guests to explore further afield when onboard.She is currently available for charter with <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>, with rates starting from €3,000,000 per week.<img src="https://photo-assets.superyachttimes.com/photo/397035/image/large-4d00fe7e9d9861f348c6a623bfb2af92.jpg" data-gid="gid://syiq/Photo/397035">6. Her onboard facilities rival a five star resort hotelKey additional amenities onboard <a data-gid="gid://syiq/Yacht/7970" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Renaissance111.85m (366'12&quot;)Freire Shipyard2023">Renaissance</a> include a capacious gym area, which her designers <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> claim is one of the largest onboard a yacht and which opens out onto yet another aft deck. The spa deck is also home to an extensive wellness centre, including two plunge pools, a steam room, sauna, massage rooms and a hair salon.<img src="https://photo-assets.superyachttimes.com/photo/397031/image/large-3752462f6b43d5aba82f7e1bb10f1817.jpg" data-gid="gid://syiq/Photo/397031">

Renaissance: Six facts about Spain’s largest superyacht

SuperYacht Times takes a closer look at the 112m yacht Renaissance that established a new benchmark for Spanish yacht construction.

<a data-gid="gid://syiq/Company/4700" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grand Soleil (Company)">Grand Soleil</a> has unveiled all the details of the 26.2-metre sailing yacht <a data-gid="gid://syiq/Yacht/14791" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bianca II26.2m (85'11&quot;)Grand Soleil2026">Bianca II</a>, the first unit of the Grand Soleil Plus 80 Long Cruise, and ahead of her public debut at the <a data-gid="gid://syiq/Company/4556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival (Company)">Cannes Yachting Festival</a> this September.<img src="https://photo-assets.superyachttimes.com/photo/397627/image/large-d2b48ce4c7fa394b7bf17202f633c445.jpg" data-gid="gid://syiq/Photo/397627">Following her March 2026 launch and a private owner preview during the Grand Soleil Cup (21–23 May) in Porto Cervo, the new flagship joins the shipyard’s Plus line for yachts over 18 metres.<img src="https://photo-assets.superyachttimes.com/photo/397663/image/large-6dc4bf80e1a324b5553074bbe652810b.jpg" data-gid="gid://syiq/Photo/397663">Built entirely in-house by <a data-gid="gid://syiq/Company/7265" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Del Pardo (Company)">Cantiere del Pardo</a>, <a data-gid="gid://syiq/Yacht/14791" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bianca II26.2m (85'11&quot;)Grand Soleil2026">Bianca II</a> features naval architecture by <a data-gid="gid://syiq/Company/8039" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Matteo Polli Yacht Design (Company)">Matteo Polli</a>, while her exterior and interior design were penned 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</a>.<img src="https://photo-assets.superyachttimes.com/photo/397632/image/large-9cf46fa7f4bc95a043247d79f161f289.jpg" data-gid="gid://syiq/Photo/397632"><img src="https://photo-assets.superyachttimes.com/photo/397634/image/large-d8ce8f4d2b61b94c0ac9b12c9b62b00e.jpg" data-gid="gid://syiq/Photo/397634">Read more:&nbsp;<a data-gid="gid://syiq/Article/65738" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First 26m Grand Soleil Plus 80 Long Cruise yacht Bianca II launched (2026-03-30 14:30:00 +0200)">First 26m Grand Soleil Plus 80 Long Cruise yacht Bianca II launched</a>The <a data-gid="gid://syiq/Company/4700" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grand Soleil (Company)">Grand Soleil</a> Plus 80 Long Cruise is constructed using a composite sandwich structure with epoxy-based vinylester resin and vacuum infusion techniques, complemented by extensive carbon fibre reinforcements in high-load areas.<img src="https://photo-assets.superyachttimes.com/photo/397636/image/large-988931bf3055a59de2fb3d66b664f0d5.jpg" data-gid="gid://syiq/Photo/397636">According to the shipyard, the yacht is built using an "in-place" method, where the structural elements are engineered around the final interior layout, improving the integration between construction and onboard systems with the overall design.<img src="https://photo-assets.superyachttimes.com/photo/397642/image/large-37c96fd66d0afa54f62a008ff25077ec.jpg" data-gid="gid://syiq/Photo/397642"><img src="https://photo-assets.superyachttimes.com/photo/397660/image/large-87a605e2cfa9cffa913767afe6e3319a.jpg" data-gid="gid://syiq/Photo/397660" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Commenting on the project, Franco Corazza, Project Manager of the Plus said: "In true <a data-gid="gid://syiq/Company/4700" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grand Soleil (Company)">Grand Soleil</a> tradition, the GS Plus 80 LC has been built entirely in-house, from lamination through to launch. This approach allows stricter quality control and promotes greater integration between construction and onboard systems, enabling us to fully meet the requirements of our owners."<img src="https://photo-assets.superyachttimes.com/photo/397641/image/large-13db70ec6ee01903e4441753f23ce6b3.jpg" data-gid="gid://syiq/Photo/397641">Designed for long-range cruising, <a data-gid="gid://syiq/Yacht/14791" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bianca II26.2m (85'11&quot;)Grand Soleil2026">Bianca II</a> is equipped with a fully integrated hydraulic system managing all deck operations, including the winches, mast systems, telescopic keel and sail plan adjustments through a single centralised hydraulic circuit. <img src="https://photo-assets.superyachttimes.com/photo/397647/image/large-478cdd82b21b750a2913ccb1c08af504.jpg" data-gid="gid://syiq/Photo/397647">At the center of her energy architecture is a Torqeedo hybrid platform integrating propulsion and hotel loads management, powered by twin 40 kWh battery packs and supported by twin 45 kW generators for extended cruising autonomy.<img src="https://photo-assets.superyachttimes.com/photo/397661/image/large-f739aefefae17cfd0be94b294423c62d.jpg" data-gid="gid://syiq/Photo/397661">In terms of blueprint, her sail plan features a carbon mast and boom, rod rigging and a fixed bowsprit configured for multiple sail combinations. This includes traditional and furling gennakers, with optional staysail and storm jib arrangements for varying sailing conditions.<img src="https://photo-assets.superyachttimes.com/photo/397644/image/large-78b79496a8427b226b6b035396738f43.jpg" data-gid="gid://syiq/Photo/397644">Stepping inside, <a data-gid="gid://syiq/Yacht/14791" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bianca II26.2m (85'11&quot;)Grand Soleil2026">Bianca II</a> features a raised coachroof with 270-degree glazing, flooding her warm oak interior with natural light and panoramic sea views. The open-plan saloon serves as the main social hub, featuring discreet technical space beneath the sole for electrical and mechanical systems.<img src="https://photo-assets.superyachttimes.com/photo/397648/image/large-6c9481e582fe9c6d07e104ce657c8c02.jpg" data-gid="gid://syiq/Photo/397648"><img src="https://photo-assets.superyachttimes.com/photo/397657/image/large-94db26bf6ce12bdc42753178bbdecf19.jpg" data-gid="gid://syiq/Photo/397657">Spanning a beam of 6.6 metres, accommodation onboard the 80 GT yacht includes a forward owner's suite and three guest staterooms. Designed for comfort during extended passages, her layout features a spacious galley and navigation area, while maintaining clear separation between guest and crew quarters for enhanced privacy.<img src="https://photo-assets.superyachttimes.com/photo/397651/image/large-ed4a40be0b9497ad1f17eabc3cfdc0ff.jpg" data-gid="gid://syiq/Photo/397651"><img src="https://photo-assets.superyachttimes.com/photo/397652/image/large-2e965ae899a24144b0a377a998e2bb77.jpg" data-gid="gid://syiq/Photo/397652">Reflecting on the design, Massimo Gino, CEO and Co-Founder of <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>, said: "An 80-foot [26.2-metre] yacht is among the most demanding sizes to design. We've meticulously optimised the freeboard heights, interior spaces, and cabin sizes, integrating all necessary equipment and accessories in every area. An 80-foot yacht must encompass the qualities, functions, and features typically found on yachts ranging from 95 to 100 feet."<img src="https://photo-assets.superyachttimes.com/photo/397661/image/large-f739aefefae17cfd0be94b294423c62d.jpg" data-gid="gid://syiq/Photo/397661"><img src="https://photo-assets.superyachttimes.com/photo/397666/image/large-799f3d164adb970e0c3896b180dc5173.jpg" data-gid="gid://syiq/Photo/397666">

Grand Soleil unveils details of flagship Plus 80 Long Cruise yacht Bianca II

Grand Soleil has unveiled details of its flagship Plus 80 Long Cruise yacht Bianca II ahead of her public debut at the Cannes Yachting Festival.


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Onboard the 26m flagship Grand Soleil Plus 80 Long Cruise yacht Bianca II

“Without data you’re just a person with an opinion,” says Giovanni Palamà. For the data &amp; measurement specialist, entrepreneur, and founder of <a data-gid="gid://syiq/Company/8890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailADV Group (Company)">SailADV</a>, the quote is not a provocation – it is the premise on which he built an entire company.&nbsp;After years as a professional sailor on the international race circuit, Giovanni Palamà understands that performance on the water is never the product of instinct alone: it is the result of consistent, objective and repeatable measurement.&nbsp;“When I left racing and moved into consultancy, I realised the superyacht industry lacked this scientific discipline,” he says. “Extremely complex vessels were being delivered, yet there was no standardised way to quantify whether they actually performed according to their design. I founded <a data-gid="gid://syiq/Company/8890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailADV Group (Company)">SailADV</a> in 2015 to answer that question.”<img src="https://photo-assets.superyachttimes.com/photo/396519/image/large-66c4d58023dbf7660b99d59595acd406.jpg" data-gid="gid://syiq/Photo/396519">By not only gathering but also precisely interpreting data, <a data-gid="gid://syiq/Company/8890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailADV Group (Company)">SailADV</a> is going beyond the limits of “traditional” industry processes. It works with the major Italian shipyards to provide sea-trial analyses, onboard monitoring and long-term performance assessment via a broad spectrum of diagnostic data, including vibration readings, power-management behaviour, thermographic imagery, 3D scans, strain-gauge load measurements, and its onboard AI platform D.gree.The goal is not simply to identify faults, but to understand how every component behaves within the broader system. This is where the approach becomes transformative. Indeed, at <a data-gid="gid://syiq/Event/285" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metstrade - 2025">Metstrade 2025</a> the company presented itself as <a data-gid="gid://syiq/Company/8890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailADV Group (Company)">SailADV Group</a>, where “group” is intended as a set of multidisciplinary services and brands, organised into specialised areas covering the entire yacht lifecycle, from management and analysis to value preservation and innovation.With operational offices in Ancona, Pisa and La Spezia in Italy, a service point in Palma de Mallorca, and an innovation hub in Palo Alto, California, <a data-gid="gid://syiq/Company/8890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailADV Group (Company)">SailADV</a> employs technologies rarely seen outside high-end industrial sectors. Motion Amplification, for example, transforms ordinary video into a magnified analysis tool that reveals vibrations far too subtle for the human eye to see – vibrations that can lead to premature wear, reduced efficiency, or outright failure. And as diesel-electric and hybrid propulsion systems become the norm, high-frequency sampling is used to detect issues that traditional monitoring systems would miss. These measurement techniques allow shipyards and crew to shift from reactive maintenance to true condition-based maintenance.“In commercial shipping, predictive maintenance is standard,” says Palamà. “But superyachts behave differently. Their operational profiles vary dramatically from vessel to vessel, making uniform maintenance intervals unreliable. A charter yacht that spends its summer shuttling between Sardinia and the Amalfi Coast wears very differently from one that crosses the Atlantic or spends long periods at anchor.”Because every supplier uses its own communication protocol, <a data-gid="gid://syiq/Company/8890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailADV Group (Company)">SailADV</a> has designed its systems to ‘speak’ with virtually every machine on board, from the main engines to the stabilisers and HVAC system. The company has a multi-year programme with both <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut|Benetti</a> and <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> to optimise the performance of their superyacht fleet. During sea trials of all <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benett</a>i’s 100-metre-plus yachts, for example, it used its own certified technology to log up to 5,000 variables.“The results are measurable,” continues Palamà. “For example, after monitoring a <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> Tradition for several seasons, we recommended switching propellers – a change that saved roughly €30,000 in fuel in a single season.”Also during <a data-gid="gid://syiq/Company/4374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metstrade (Company)">Metstrade</a>, <a data-gid="gid://syiq/Company/8890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailADV Group (Company)">SailADV</a> presented its newest development: D.gree V26, and its first AI Agent, Sailly, as the industry moves toward intelligent autonomy at sea. Offered in three configurations – One, Pro and Ultra – D.gree V26 is designed to adapt to both new-build and refit projects by fully leveraging intelligent node technology. Accessible both locally and remotely, the system is aboard a current fleet of around 70 yachts (expected to grow to 300 within three years), processing over 5 million data points per hour and predicting failures before they occur. <img src="https://photo-assets.superyachttimes.com/photo/396518/image/large-6c625f4bf1121bf5cbf12eb760b705ae.jpg" data-gid="gid://syiq/Photo/396518">D.gree can also track external conditions, such as weather, to provide an even more complete picture of the yacht’s actual operating environment. The benefits ripple across the industry: owners gain transparency and asset protection; captains receive a clear overview; engineers can plan work rather than firefight; fleet managers can monitor multiple vessels through a single coherent system; and shipyards are able to draw on a continuous closed loop between design, operations and service.As younger, more tech-oriented owners enter the market, expectations are shifting. They demand accountability, connectivity and smarter systems. Anchored by solid engineering and strengthened by data, <a data-gid="gid://syiq/Company/8890" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SailADV Group (Company)">SailADV</a> is working to meet those expectations. In a sector built on craftsmanship, beauty and tradition, the company aims to bring something more tangible: proof. And as Palamà likes to remind people, in modern yachting, proof is power.

What data reveals about a superyacht’s operating environment

SailADV founder Giovanni Palamà explains how data, diagnostics and AI-led monitoring are changing superyacht performance analysis and maintenance.

SailADV: What data reveals about a superyacht’s operating environment

<img src="https://photo-assets.superyachttimes.com/photo/397665/image/large-7994956440ed0f9f14c2520a58e5fb1c.jpg" data-gid="gid://syiq/Photo/397665">The 55.2-metre <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral Yachts</a> superyacht <a data-gid="gid://syiq/Yacht/10188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Star I55.2m (181'1&quot;)Admiral2023">Silver Star I</a> has been sold. Julia Skoptsova of <a data-gid="gid://syiq/Company/5144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Smart Yachts (Company)">Smart Yachts</a> introduced the buyer, while Jean-Claude Carme of <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW Yachts</a>, together with <a data-gid="gid://syiq/Company/4841" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawood Yachts (Company)">Seawood Yachts</a>, represented the seller.Delivered in 2024, she features naval architecture developed in-house by her builder, with bespoke interiors by <a data-gid="gid://syiq/Company/558" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Armani/Casa (Company)">Armani/Casa</a> and <a data-gid="gid://syiq/Company/4563" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gian Marco Companino Design (Company)">Gian Marco Companino Design</a>, the latter also responsible for her exterior design.<a data-gid="gid://syiq/Yacht/10188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Star I55.2m (181'1&quot;)Admiral2023">Silver Star I</a> can accommodate up to 12 guests across six well-appointed staterooms, including a full-beam VIP suite. Her main deck dining area seamlessly connects to the exterior decks through sliding glass doors, creating a fluid indoor-outdoor living experience. Additional onboard highlights include a beach club and a large multifunctional circular helipad. On the upper deck, guests can enjoy a Jacuzzi, bar, and lounge area.In terms of propulsion, she is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, delivering a cruising speed of 16.5 knots and a top speed of 18 knots.At the time of sale, <a data-gid="gid://syiq/Yacht/10188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Star I55.2m (181'1&quot;)Admiral2023">Silver Star I</a> had a last known asking price of €29,990,000.Photo courtesy of <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral Yachts</a>.

Admiral yacht Silver Star I sold

The 55.2-metre Admiral Yachts superyacht Silver Star I has been sold

55m Admiral superyacht Silver Star I sold

The 46.3-metre <a data-gid="gid://syiq/Company/40" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Hakvoort Shipyard (Company)">Hakvoort</a> motor yacht <a data-gid="gid://syiq/Yacht/608" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amica Mea46.3m (151'11&quot;)Royal Hakvoort Shipyard2004">Amica Mea</a> is currently on the market with Richard Higgins and Kristen Klein of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.<img src="https://photo-assets.superyachttimes.com/photo/397668/image/large-2d7768e93b694cd08f1846a7ba40e2d9.jpg" data-gid="gid://syiq/Photo/397668">Delivered in 2004 by the Dutch shipyard, the<a data-gid="gid://syiq/Yacht/608" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amica Mea46.3m (151'11&quot;)Royal Hakvoort Shipyard2004">&nbsp;Amica Mea yacht for sale</a> features exterior and interior design by <a data-gid="gid://syiq/Company/42" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Glade Johnson Design, Inc. (Company)">Glade Johnson Design</a>, with naval architecture by <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>.<img src="https://photo-assets.superyachttimes.com/photo/397667/image/large-d3891bd4c42eb96ef4207749668929be.jpg" data-gid="gid://syiq/Photo/397667">Constructed with a steel hull and aluminium superstructure, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> completed her 20-year <a data-gid="gid://syiq/Company/1452" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd's Register (Company)">Lloyd's Register</a> survey in 2024 and has since benefitted from a substantial technical programme carried out between 2023 and 2025, including major machinery, navigation and stabilisation upgrades.<img src="https://photo-assets.superyachttimes.com/photo/397674/image/large-6d7ff09ced6d5c63daf6dbd1ceaa4e3a.jpg" data-gid="gid://syiq/Photo/397674">Stepping inside the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=hakvoort" rel="noopener noreferrer" target="_blank" title="">Hakvoort yacht for sale</a>, her main saloon is illuminated with natural light thanks to her floor-to-ceiling windows. Designed for gatherings, she also features a bar alongside a formal dining area that could seat up to 12 guests. Moreover, her skylounge is fitted with a second bar, offering an additional social space for guests to socialise while enjoying the ocean vistas.<img src="https://photo-assets.superyachttimes.com/photo/397672/image/large-04ae72ad470b83122fa30497d544df43.jpg" data-gid="gid://syiq/Photo/397672"><img src="https://photo-assets.superyachttimes.com/photo/397671/image/large-0ea431bd1d3ff6f4e0330efb8d14fe8c.jpg" data-gid="gid://syiq/Photo/397671">On deck, <a data-gid="gid://syiq/Yacht/608" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amica Mea46.3m (151'11&quot;)Royal Hakvoort Shipyard2004">Amica Mea</a> offers an aft deck arranged for alfresco dining, while her sundeck features a Jacuzzi wrapped with seats for guests to unwind in while cruising. Moreover, a beach set-up complete with chairs, tables, a gazebo and barbecue, providing more spaces for entertaining. Additional amenities include a tender garage, extensive onboard storage and dedicated toy stowage to support extended cruising as well as day-to-day operations.<img src="https://photo-assets.superyachttimes.com/photo/397673/image/large-1234461961641effa3d80c5801598ee2.jpg" data-gid="gid://syiq/Photo/397673" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">With a beam of 8.94-metres and an interior volume of 499 GT, accommodation onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is arranged for up to 11 guests across a five-staterooms configuration. This comprises a main-deck owner's suite and four guest staterooms on the lower deck. Dedicated quarters provide accommodation for up to nine crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/397675/image/large-00dcdf148e7a47ac50d7428716082a3f.jpg" data-gid="gid://syiq/Photo/397675"><img src="https://photo-assets.superyachttimes.com/photo/397677/image/large-148c9f4974b50652b698b3db45c9a7c9.jpg" data-gid="gid://syiq/Photo/397677"><img src="https://photo-assets.superyachttimes.com/photo/397676/image/large-a9668a9276c35f40b638d1a630e13187.jpg" data-gid="gid://syiq/Photo/397676">In terms of performance, the <a data-gid="gid://syiq/Yacht/608" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amica Mea46.3m (151'11&quot;)Royal Hakvoort Shipyard2004">yacht Amica Mea 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, delivering a cruising speed of 12 knots and a top speed of 14 knots. <img src="https://photo-assets.superyachttimes.com/photo/397669/image/large-a6385bb1f65a07a9d92e582ac73baf6b.jpg" data-gid="gid://syiq/Photo/397669">All images provided courtesy of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.

46m Hakvoort motor yacht Amica Mea for sale

The 46.3m Hakvoort motor yacht Amica Mea has joined the market with Northrop & Johnson.

<img src="https://photo-assets.superyachttimes.com/photo/397455/image/large-20ac566c8bb51a7b8a4b1ec5e51b7440.jpeg" data-gid="gid://syiq/Photo/397455">The 52-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> superyacht <a data-gid="gid://syiq/Yacht/518" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady B52.0m (170'7&quot;)Benetti SpA2008">Lady B</a> was recently spotted at anchor off Salcombe, on the South Devon coast of England. According to AIS data, she is currently moored in Falmouth.Delivered in 2008, <a data-gid="gid://syiq/Yacht/518" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady B52.0m (170'7&quot;)Benetti SpA2008">Lady B</a> features exterior design penned by <a data-gid="gid://syiq/Company/245" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Natucci (Company)">Stefano Natucci</a>, interior created design by <a data-gid="gid://syiq/Company/5687" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mauro Izzo (Company)">Mauro Izzo</a>, and naval architecture crafted in-house by her builder. She underwent a significant interior refit in 2022, carried out by <a data-gid="gid://syiq/Company/2524" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Destry Darr Designs (Company)">Destry Darr Designs</a> at the <a data-gid="gid://syiq/Company/1263" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dania Cut Super Yacht Repair Facility (Company)">Dania Cut Superyacht Repair Facility</a>.Measuring 812 GT, <a data-gid="gid://syiq/Yacht/518" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady B52.0m (170'7&quot;)Benetti SpA2008">Lady B</a> can accommodate up to 12 guests across six staterooms, including a full-beam owner's suite complete with two private balconies. Onboard highlights include an elegant glass lift and a generous sundeck offering multiple sunbathing areas and alfresco dining for up to 30 guests. The sundeck also features a Jacuzzi, providing a further touch of luxury whilst at sea.With regard to propulsion, the yacht is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, delivering a cruising speed of 14 knots and a top speed of 16 knots.

Benetti yacht Lady B in Salcombe

The 52-metre Benetti superyacht Lady B was recently spotted at anchor off Salcombe.

52m Benetti superyacht Lady B in Salcombe

<a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> has unveiled the new GTX90, the latest model to join its Sport Utility Yachts range. Developed in collaboration between <a data-gid="gid://syiq/Company/289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vallicelli Design (Company)">Studio Vallicelli Design</a> and the Ferretti Group Engineering Department, the new project combines comfort and performance, innovation and craftsmanship, technology and cruising pleasure.<img src="https://photo-assets.superyachttimes.com/photo/397607/image/large-b179f88242cb1326329d8c10bddee37e.jpg" data-gid="gid://syiq/Photo/397607">First presented at boot Düsseldorf, the <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> GTX90 has been conceived to maximise both interior and exterior volumes. She is meant to exceed the standards in its class while delivering excellent performance and seamless continuity between living spaces.<img src="https://photo-assets.superyachttimes.com/photo/397612/image/large-a0c80a11cb7f9777cd06ffd65f822ed0.jpg" data-gid="gid://syiq/Photo/397612">Her exterior follows the established language of the GTX range, characterised by a near-vertical bow, a continuous slightly convex sheer line and the brand's Anniversary Silver hull finish. Her stern features two fold-down side terraces which, when opened, expand the cockpit to a total surface area of 37 square metres. Moreover, a garage aft provides storage for both a tender and a Jet Ski.<img src="https://photo-assets.superyachttimes.com/photo/397609/image/large-52c1409c702993610aab7e11cbb9f92c.jpg" data-gid="gid://syiq/Photo/397609">A defining feature of the new model is its 33-square-metre sportsbridge, which Pershing notes is 43 percent more spacious than the average for yachts of this size. On her main deck, a five-panel glass door creates a seamless connection between the interior and exterior living areas. Furthermore, the widebody saloon is designed for entertaining during voyage, featuring a &nbsp;show galley with a bar counter, a formal dining area for eight, alongside a lounge anchored by an L-shaped sofa . Forward, the helm station provides a commanding view, complete with three pilot seats and immediate access to the side decks.<img src="https://photo-assets.superyachttimes.com/photo/397608/image/large-4569fb7cd9a9987b361849f5a9c9cf27.jpg" data-gid="gid://syiq/Photo/397608">Accommodation is arranged across four ensuite staterooms on the lower deck, comprising a full-beam owner's suite amidships, a VIP stateroom forward and two guest staterooms.<img src="https://photo-assets.superyachttimes.com/photo/397610/image/large-6a61452ca4af656286edaa8444907b54.jpg" data-gid="gid://syiq/Photo/397610"><img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/397613/image/large-45e9c0f4fff98425596a9cb857d7e6a6.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20260618%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260618T155847Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=7418909c1e257a5086f5da655fd2285c50146c7ce15e751b7050f2a0b04e8476" data-gid="gid://syiq/Photo/397613">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 paired with <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> TurboDrive 600 HCT waterjets, the <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> GTX90 is expected to reach a top speed of 35 knots and a cruising speed of 30 knots. The model can also be equipped with twin <a data-gid="gid://syiq/Company/2383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seakeeper, Inc. (Company)">Seakeeper</a> NG18 gyroscopic stabilisers and is designed to achieve CE Class A certification.<img src="https://photo-assets.superyachttimes.com/photo/397611/image/large-8c0d70844afa3cc85cde5c519586e028.jpg" data-gid="gid://syiq/Photo/397611">

Pershing unveils 27m GTX90 Sport Utility yacht

Pershing has unveiled the new 27m GTX90 Sport Utility yacht, featuring a 43% larger sportsbridge, expanded living spaces and a top speed of 35 knots.

An +80-metre in-build <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht passed through Amsterdam this afternoon, while preparing for the next stage in her construction. Believed to be the <a data-gid="gid://syiq/Yacht/13848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship De Vries 101585.0m (278'10&quot;)Feadship2028">Feadship 1015</a> yacht, she was transported from Amsterdam past the SuperYacht Times office. <img src="https://photo-assets.superyachttimes.com/photo/397570/image/large-ad9d9924bf86962a7671dfafe522af44.jpg" data-gid="gid://syiq/Photo/397570">According to AIS data from the 22-metre tug Broedertrouw XIV which was transporting her, the yacht is expected to arrive at the <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> facility in Makkum, the Netherlands early tomorrow morning (19 June).<img src="https://photo-assets.superyachttimes.com/photo/397589/image/large-da0779229d75e3fb61d9cf0339c7e9e2.jpg" data-gid="gid://syiq/Photo/397589"><img src="https://photo-assets.superyachttimes.com/photo/397564/image/large-480deb10862bfecffd09ea64e740ae6c.jpg" data-gid="gid://syiq/Photo/397564"><img src="https://photo-assets.superyachttimes.com/photo/397572/image/large-ef48e0b62d475aef54ea48a31de5db92.jpg" data-gid="gid://syiq/Photo/397572">Constructed with a steel hull and aluminium superstructure, it is believed that based on her build, construction began around 2024. The yacht will be transported to Makkum for outfitting before her estimated launch of 2028.<img src="https://photo-assets.superyachttimes.com/photo/397582/image/large-b35029bf696a77331b1a0c3297ab4a32.jpg" data-gid="gid://syiq/Photo/397582"><img src="https://photo-assets.superyachttimes.com/photo/397571/image/large-132e5bff53544ba8beda5fdffd0bb7f2.jpg" data-gid="gid://syiq/Photo/397571">The first images show a sleek and contemporary profile with expansive deck overhangs and a near-vertical bow. She adopts <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>’s distinctly architectural aesthetic that prioritises volume and visual simplicity.<img src="https://photo-assets.superyachttimes.com/photo/397577/image/large-1d9454132afa63c152e9cb7e31a418b7.jpg" data-gid="gid://syiq/Photo/397577"> <img src="https://photo-assets.superyachttimes.com/photo/397574/image/large-53179c0de31e2c4f019af612c9959a02.jpg" data-gid="gid://syiq/Photo/397574">According to SuperYacht iQ, <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> has several yachts currently in-build including the +140-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> yacht <a data-gid="gid://syiq/Yacht/15474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Maestro143.5m (470'10&quot;)Feadship2029">Project Maestro</a> and the 101.2-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> 1014 yacht <a data-gid="gid://syiq/Yacht/12236" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Destiny101.2m (332'0&quot;)Feadship2026">Destiny</a>, with delivery dates of 2029 and 2026 respectively.<img src="https://photo-assets.superyachttimes.com/photo/397670/image/large-99028cef2eaf45c60b7d5aca65f6e6b0.jpg" data-gid="gid://syiq/Photo/397670"><img src="https://photo-assets.superyachttimes.com/photo/397573/image/large-778bfa2e6c0a1ed9d1e753dfd94962e5.jpg" data-gid="gid://syiq/Photo/397573">

+80m Feadship yacht seen for the first time

An +80-metre in-build Feadship superyacht passed through Amsterdam this afternoon, to the Feadship facility in Makkum.

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+80m in-build Feadship 1015 superyacht seen for the first time

The 26.22-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/8624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="All We Need For Today26.22m (86'0&quot;)Custom Line2009">All We Need For Today</a> has been sold, with Nicola Martinelli of Nauticart introducing the buyer and Edouard Vignal of <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/319050/image/large-95f5982337a87b8df4377b9b9c8fd20e.png" data-gid="gid://syiq/Photo/319050">Delivered in 2009 by the Italian shipyard, <a data-gid="gid://syiq/Yacht/8624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="All We Need For Today26.22m (86'0&quot;)Custom Line2009">All We Need For Today</a> forms part of the <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> Navetta 26 series. She features both exterior design and interiors 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>, with naval architecture developed in-house by <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>.Constructed with a GRP hull and superstructure, <a data-gid="gid://syiq/Yacht/8624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="All We Need For Today26.22m (86'0&quot;)Custom Line2009">All We Need For Today</a> has a beam of 6.93-metres and an interior volume of 89 GT. Accommodation onboard is arranged for up to 10 guests across five staterooms, while separate quarters provide accommodation for a crew of four, including her captain.Designed for comfortable long-range cruising, the yacht offers generous interior living spaces alongside spacious exterior decks for relaxing and entertaining. Notably, her trawler-style platform complements her sleek Italian design and cruising capability, making her well suited for spending some serious time out on the water.In terms of performance, she 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, which deliver a cruising speed of 10 knots and a top speed of 16 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/8624" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="All We Need For Today26.22m (86'0&quot;)Custom Line2009">All We Need For Today</a> had a last known asking price of €1,990,000.Image courtesy of <a data-gid="gid://syiq/Company/136" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Independence (Company)">Ocean Independence</a>.

26m Custom Line yacht All We Need For Today sold

The 26.22m Custom Line motor yacht All We Need For Today has been sold with a last known asking price of €1,990,000.


<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has unveiled the new SL80A, introducing the shipyard's iconic asymmetric architecture to the most concentrated interpretation of its historic SL line.<img src="https://photo-assets.superyachttimes.com/photo/397501/image/large-3c2c4040a8060ff3b9d5d0a05b4fe870.jpg" data-gid="gid://syiq/Photo/397501">Described as the "First Icon" of the range, the SL80A intends to distill more than 40 years of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> design into what the shipyard calls the purest expression of its design philosophy. Devised under 24-metres, the SL80A is designed to deliver the openness, refinement and liveability typically associated with significantly larger yachts.<img src="https://photo-assets.superyachttimes.com/photo/397504/image/large-8113495dfc492d411659b809265baaa4.jpg" data-gid="gid://syiq/Photo/397504">The first SL80A features exterior design and interior 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>, continuing the studio’s long-standing collaboration with the Italian shipyard that has shaped the evolution of the SL line for decades.Taut yet balanced proportions, clean architectural lines and a strong continuity between her hull and superstructure preserve the distinctive identity of the SL line. Her flybridge, which is a defining feature of the SL line, fits seamlessly into the yacht's silhouette, highlighting her elegance without adding visual weight. <img src="https://photo-assets.superyachttimes.com/photo/397502/image/large-e5489eb92275a143ef9bb950e314aaa9.jpg" data-gid="gid://syiq/Photo/397502">A defining feature of the SL80A is the further evolution of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo'</a>s asymmetric architecture, which was first introduced by the shipyard in 2018. By relocating the side passage to starboard, the interior volume on the port side expands. This increases onboard liveability by up to 20 percent, while strengthening the flow between her interior and exterior spaces, without altering the yacht's balanced proportions.<img src="https://photo-assets.superyachttimes.com/photo/397505/image/large-b9c28e04016c5c824ff4d1e8130042a0.jpg" data-gid="gid://syiq/Photo/397505">Accommodation onboard the SL80A is arranged across four guest staterooms, including a full-beam owner’s suite. Her main deck is designed to be bright and open thanks to full-height windows that also provide uninterrupted sea views. <img src="https://photo-assets.superyachttimes.com/photo/397508/image/large-ee603728cded8784d7d31d7571340e38.jpg" data-gid="gid://syiq/Photo/397508"><img src="https://photo-assets.superyachttimes.com/photo/397511/image/large-9340e39cc8d89d66baf5ece8bfe32d96.jpg" data-gid="gid://syiq/Photo/397511" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Meanwhile, the asymmetric layout allows the saloon to feel wider and more architectural in character. A mezzanine-level helm preserves visibility while freeing up space for the living areas below.<img src="https://photo-assets.superyachttimes.com/photo/397510/image/large-beea15d848f8f06760a8dba08a589b4f.jpg" data-gid="gid://syiq/Photo/397510" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Inside, the yacht embraces a warm and contemporary theme, featuring warm materials such as Thai walnut, selected for its natural dialogue with the exterior teak decks. Throughout the yacht, bespoke "Azteca" parquet by Cadorin can be found, adding a geometric rhythm inspired by triangular forms. This pattern is repeated on wall panels and bed headboards to create a consistent look.<img src="https://photo-assets.superyachttimes.com/photo/397509/image/large-f31556ccb3ab8089a47edb9650a5bc58.jpg" data-gid="gid://syiq/Photo/397509" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Moving outside, the aft cockpit opens fully onto the water, making it easier to enjoy the sea view. The spacious bow lounge can be transformed from a sunbathing area into a dining space, versatile for relaxing or entertaining.<img src="https://photo-assets.superyachttimes.com/photo/397506/image/large-1ec0eb8a4e0d528c7eacdb1784df9d31.jpg" data-gid="gid://syiq/Photo/397506">Commenting on the new model, Tommaso Vincenzi, CEO of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, said: "SL80A represents the essence of our philosophy. It is not a simplified version of a larger yacht, but a synthesis of the experience we have built over decades with the SL line." <img src="https://photo-assets.superyachttimes.com/photo/397503/image/large-d84a66bc48999654b5c1edb30398974f.jpg" data-gid="gid://syiq/Photo/397503">The SL80A continues the evolution of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>'s SL range, noting that they are “translating the architectural intelligence, liveability and timeless elegance that have defined the series for more than four decades into its most compact interpretation to date”. According to <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, nine units have already been sold.All images provided courtesy of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo.</a>

Sanlorenzo unveils new SL80A model

Sanlorenzo has unveiled the new SL80A, featuring its signature asymmetric architecture in the most compact model of the SL range.

Sanlorenzo unveils new 24m SL80A asymmetric yacht

<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>’s (<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>) Chief Executive Officer Giovanni Costantino has filed a criminal complaint 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. <img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">The announcement comes following a <a data-gid="gid://syiq/Article/65502" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG launches forensic investigation into internal overspending and financial irregularities (2026-03-02 10:30:00 +0100)">statement on 2 March</a>, 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> 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>, this had been made possible by a group of individuals “who implemented a system designed to circumvent the controls preventing expenditure in excess of the budget approved for each project.”Acting both in his personal capacity and as legal representative of the companies, Costantino has filed the complaint with the assistance of lawyers Francesco Marenghi and Massimiliano Manzo and has been filed with the Public Prosecutor’s Office at the Court of Massa.The complaint states that over time the individuals concerned are alleged to have carried out a series of coordinated actions aimed at concealing the actual management of orders. They also allegedly provided the CEO with accounting and managerial information about orders that did not reflect the true situation.<img src="https://photo-assets.superyachttimes.com/photo/297415/image/large-b1791589f6806d87887224b91de9c63c.jpg" data-gid="gid://syiq/Photo/297415">According to the complaint, the concealment would have been made possible by these individuals through fraudulent activity, which involved concealing details about the company's internal order management system.The complaint also describes a system that involved altering the account and managerial documentation relating to orders, including cash flows, order budgets and bank statements, with the intent of portraying a situation that was not accurate and was allegedly unknown and identifiable by the CEO.“From the outset of the matter, the Chief Executive Officer has acted promptly, with the support of the Board of Directors, to ensure the continuation 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>’s normal business operations, the completion of all ongoing orders and the continued development of the company,” concluded TISG.&nbsp;

TISG files complaint against former executives following forensic investigation

TISG has filed a criminal complaint against former senior executives following an investigation into overspending and financial irregularities.