The Vietnamese Ministry of Transport has unveiled a draft decision to develop yachting into a flagship tourism service by 2030. This ambitious proposal, led by Hoang Hong Giang, Deputy Director of the Vietnam Maritime Administration, outlines a comprehensive plan to position the country as a competitive destination in the global yachting market. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/298341/image/large-34c2fb1a635b2ed76a6b574961b5c020.jpg" data-gid="gid://syiq/Photo/298341">The proposal aims to enhance Vietnam’s yacht industry through a collaboration with international investors and brands. The Ministry hopes to foster partnerships to produce and supply high-quality yachts and yachting services, tailored to both regional and international markets. &nbsp;By the end of 2024, the Ministry will have reviewed and revised regulations with plans to implement a pilot management scheme. This scheme will address operational aspects such as activity zones, docking areas and the responsibilities of owners, crew, and passengers, with plans to <img src="https://photo-assets.superyachttimes.com/photo/319852/image/large-ae2ea17ffdd3ec19de56de51d4b68ead.jpg" data-gid="gid://syiq/Photo/319852">From 2025 to 2030, the Ministry intends to focus on institutional reforms spanning seven key areas. Key initiatives include:<ul><li>Introducing a definition of yachts into the Vietnamese Maritime Code and Inland Waterway Traffic Law.</li><li>Developing a decree to regulate yacht operations in maritime and inland waterways.</li><li>Reviewing and planning ports and docking areas suitable for yachting activities.&nbsp;</li><li>Designating maritime zones for both Vietnamese and foreign-flagged yachts.&nbsp;</li><li>Establishing mechanisms to encourage investment in the yacht industry.&nbsp;</li><li>Implementing yacht port management regulations and service fee structures.&nbsp;</li><li>Streamlining administrative procedures to simplify yacht entry and departure at seaports. &nbsp; </li></ul>Read:&nbsp;<a data-gid="gid://syiq/Article/60915" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Will marina development in the Asia-Pacific region meet the growing demand for superyachts? (2024-07-03 12:00:00 +0200)">Will marina development in the Asia-Pacific region meet the growing demand for superyachts?</a><img src="https://photo-assets.superyachttimes.com/photo/298336/image/large-a189482f7030dc7096d41c5ded7ea304.jpg" data-gid="gid://syiq/Photo/298336">Nguyen Manh Hung, Deputy CEO of <a data-gid="gid://syiq/Company/7295" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ana Marina Nha Trang (Company)">Ana Marina Nha Trang</a>, remarked on the future of Vietnam’s yacht industry; "The country has about 200 yachts, including internationally certified ones, which is far below the potential of the industry,” he said. He emphasised the need for policy reforms and infrastructure development to unlock growth. &nbsp;Industry leaders have urged the Ministry to draw lessons from established yachting hubs such as Hong Kong and Singapore. Hung noted that Hong Kong issues certificates of ownership and operational licences based on inspections, while Singapore differentiates between domestic and international yacht operations when granting licences. &nbsp;To attract foreign-flagged yachts and align Vietnam’s standards with international practices, Hung stressed the importance of studying international regulations for yacht registration, classification, and crew qualifications. &nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/61562" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific region eases superyacht regulations (2024-09-24 10:45:00 +0200)">Asia-Pacific region eases superyacht regulations</a><img src="https://photo-assets.superyachttimes.com/photo/298313/image/large-8e2feeaade969812e7b5c5b7c5203d52.jpg" data-gid="gid://syiq/Photo/298313">Luu Van Duc, CEO of Luu Gia Shipbuilding, praised the Ministry’s timing in port planning, emphasising the need for coordinated efforts to nurture yacht tourism. “Yacht registration procedures should be as straightforward as those for cars,” he suggested. &nbsp;Vietnam’s yacht market is still in its infancy. Although yachts began arriving in 2007, the first official distributor, Vietyatch, was established only in 2017. Today, around ten companies represent over 40 global yacht brands, reflecting growing interest despite the industry's small scale.&nbsp;

Vietnam's yachting destination plans by 2030

Hoi An, Vietnam

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Hanoi, Vietnam

Ho Chi Minh, Vietnam

The Vietnamese Ministry of Transport has unveiled a draft decision to develop yachting into a flagship tourism service by 2030.

Vietnam unveils plans to become a luxury yachting destination by 2030

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

The 67.6-metre <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> superyacht <a data-gid="gid://syiq/Yacht/6200" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neninka67.6m (221'9&quot;)Amels2019">Neninka</a> is on the market, with Rupert Nelson of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>.<img src="https://photo-assets.superyachttimes.com/photo/397700/image/large-d9cefd0e60cd04eeb6065b4e2dede447.jpg" data-gid="gid://syiq/Photo/397700">The <a href="https://www.superyachttimes.com/yachts/nenika" rel="noopener noreferrer" target="_blank" title="">yacht Neninka for sale</a> forms part of the <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 212 Limited Edition series and has only been used privately since her delivery in 2019. She features naval architecture penned in-house by her Dutch builder, with interiors crafted by <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a> and exterior design created by <a data-gid="gid://syiq/Company/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tim Heywood Design Ltd. (Company)">Tim Heywood</a>.<img src="https://photo-assets.superyachttimes.com/photo/397706/image/large-2a3d6297cdbb980f156ae4847272325f.jpg" data-gid="gid://syiq/Photo/397706"><a data-gid="gid://syiq/Yacht/6200" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neninka67.6m (221'9&quot;)Amels2019">Neninka</a> has also benefitted from a repaint during her five-year special survey in 2024 to 2025. Inside, she showcases calm interiors, distinguished by neutral colors, light wood panelling and gold detailing. An elevator allows guests to access every deck of the yacht.<img src="https://photo-assets.superyachttimes.com/photo/397712/image/large-3867271a951851899fa884d0a0f8554b.jpg" data-gid="gid://syiq/Photo/397712"><img src="https://photo-assets.superyachttimes.com/photo/397716/image/large-0d0278ed31a187606e9e69592624f894.jpg" data-gid="gid://syiq/Photo/397716">At a volume of 1,518 GT, 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> can accommodate up to 14 guests across seven well-appointed staterooms. Her layout comprises a main-deck owner’s suite, two VIP suites on the bridge deck and four well-appointed staterooms on the lower deck.<img src="https://photo-assets.superyachttimes.com/photo/397720/image/large-52d24f539e0a9d120cb3f50031dba02f.jpg" data-gid="gid://syiq/Photo/397720"><img src="https://photo-assets.superyachttimes.com/photo/397718/image/large-e273214a86babf3713b4596a689d9c54.jpg" data-gid="gid://syiq/Photo/397718">Moreover, guests onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> can benefit from spaces for relaxation and entertainment. They can enjoy the Jacuzzi and the dining area on the sun deck, as well as the beach club. Further highlights include a gym and a spa.<img src="https://photo-assets.superyachttimes.com/photo/397739/image/large-028a048b57e16d9fb4c39e9ea70ef82e.jpg" data-gid="gid://syiq/Photo/397739"><img src="https://photo-assets.superyachttimes.com/photo/397727/image/large-a674bdfe86400c60dd937dfb7bce156a.jpg" data-gid="gid://syiq/Photo/397727">In terms of propulsion system, the <a href="http://v" rel="noopener noreferrer" target="_blank" title="">Amels yacht for sale</a> is powered by twin 2,600 horsepower <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, giving her a cruising speed of 12.8 knots and a top speed of 16.5 knots. <a data-gid="gid://syiq/Yacht/6200" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neninka67.6m (221'9&quot;)Amels2019">Neninka</a> is also suitable for long-distance cruising with her 5,000-nautical mile range.<img src="https://photo-assets.superyachttimes.com/photo/397702/image/large-87e1839b469f34eb79e3c5c6dd60b9a3.jpg" data-gid="gid://syiq/Photo/397702" 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;">Photos provided courtesy of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>.

Amels yacht Neninka for sale

The 67.6-metre Amels superyacht Neninka is on the market, with Rupert Nelson of Burgess.

68m Amels superyacht Neninka for sale

<img src="https://photo-assets.superyachttimes.com/photo/397620/image/large-ff2a7140591d5e824452afa8a949164c.jpg" data-gid="gid://syiq/Photo/397620">The 77.7-metre <a data-gid="gid://syiq/Company/778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Golden Yachts Ltd. (Company)">Golden Yachts</a> superyacht <a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> was spotted docked in Monaco last Tuesday. Delivered in 2023, she is currently listed for sale with Crispin Baynes and Dimitris Maroulis of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>.Designed by <a data-gid="gid://syiq/Company/76" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vafiadis (Company)">Studio Vafiadis</a>, <a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> features interiors created in collaboration with <a data-gid="gid://syiq/Company/1156" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Massari Design S.r.l. (Company)">Massari Design</a>, showcasing more than 250 different finishes, ranging from exotic woods to precious stones. Since her delivery, <a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> has had a single owner, who invested an additional €5 million in upgrades and enhancements to her onboard systems.Accommodation is provided for up to 17 guests across eight luxurious staterooms, including a full-beam owner's suite on the main deck. Onboard amenities include a swimming pool on the main deck, while the sun deck features a bar, Jacuzzi and lounge area. The upper deck is dedicated to alfresco dining, and the yacht also incorporates a hammam, sauna and massage suite.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, <a data-gid="gid://syiq/Yacht/11076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Malia77.7m (254'11&quot;)Golden Yachts Ltd.2023">Malia</a> cruises comfortably at 16.5 knots and can reach a top speed of 18 knots.

Golden yacht Malia in Monaco

The 77.7-metre Golden Yachts superyacht Malia was spotted docked in Monaco last Tuesday.

78m Golden superyacht Malia in Monaco

The 30.6-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/4923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Infinitas30.6m (100'5&quot;)Custom Line2012">Infinitas</a> has been sold. The buyer was represented by Costis Pontifex, Thrace Labea and Nikos Zarifis of <a data-gid="gid://syiq/Company/2510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="EKKA Yachts (Company)">Ekka Yachts</a>, while Yannis Zagorakis of <a data-gid="gid://syiq/Company/1184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hargrave Custom Yachts (Company)">Hargrave Custom Yachts</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/291699/image/large-4f436d9e6a632c3a5af0e0857b8cd1df.png" data-gid="gid://syiq/Photo/291699">Delivered in 2012 by the Italian shipyard <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>, <a data-gid="gid://syiq/Yacht/4923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Infinitas30.6m (100'5&quot;)Custom Line2012">Infinitas</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> 100 series. She features both 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>, with naval architecture developed in-house by her builder.Constructed with a GRP hull and superstructure, <a data-gid="gid://syiq/Yacht/4923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Infinitas30.6m (100'5&quot;)Custom Line2012">Infinitas</a> has a beam of 7.25-metres, a draft of 1.97-metres, and an interior volume remaining below 200 GT. The yacht most recently underwent a refit in Greece in 2024.Spanning 199 GT, accommodation onboard is arranged for up to 12 guests across five well-appointed staterooms. Dedicated quarters provide accommodation for a crew of five, including her captain.In terms of propulsion, <a data-gid="gid://syiq/Yacht/4923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Infinitas30.6m (100'5&quot;)Custom Line2012">Infinitas</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, delivering a cruising speed of 24 knots and a top speed of 27 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/4923" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Infinitas30.6m (100'5&quot;)Custom Line2012">Infinitas</a> had a last known asking price of €3,700,000. Moreover, the sale was completed in Athens. Image courtesy of <a data-gid="gid://syiq/Company/1184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hargrave Custom Yachts (Company)">Hargrave Custom Yachts</a>.

31m Custom Line motor yacht Infinitas sold

The 31m Custom Line motor yacht Infinitas has been sold with a last known asking price of €3,700,000.

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 <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>. <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.

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<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 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.

In the opening presentation of the Asia-Pacific Superyacht Summit, Ralph Dazert, Head of Intelligence at <a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a>, succinctly highlighted the increase in both the number and size of superyachts visiting the Asia-Pacific. In 2022, 372 unique yachts were either based in or visiting the region. This number increased to 445 in 2023, marking a 20% growth. Moreover, in the first four months of 2024 alone, 405 individual yachts were recorded, about 70 more than the same period in 2023. This suggests that the strong performance of 2023 will be surpassed in 2024, potentially exceeding 500 yachts by the year's end. On average, over 400 yachts per year over 30-metres have been counted in the Asia-Pacific region from 2022 to 2024. This is depicted in the graph below.<img src="https://photo-assets.superyachttimes.com/photo/317611/image/large-c54983b3591b8979a0e327f9eca7d254.jpeg" data-gid="gid://syiq/Photo/317611">Regarding the increase in size of superyachts frequenting the region, <a href="http://superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a> <a href="https://www.superyachttimes.com/market-reports/asia-pacific-superyacht-market-report-2024" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Market Report</a> highlights that superyachts in the Asia-Pacific region tend to be slightly larger than the global average. Specifically, 57% of the regional fleet measures between 30 and 40 metres, compared to 63% globally. Notably, over 12% of the Asia-Pacific fleet exceeds 60 metres in length, whereas only 9% of the global fleet surpasses this size. Thus, it appears that yachts travelling in the region are slightly larger on average than those found elsewhere in the world.<img src="https://photo-assets.superyachttimes.com/photo/317607/image/large-4cf1befe28d87e68ee1053b7bfae4d0e.jpg" data-gid="gid://syiq/Photo/317607">However, a major challenge for the industry in the region is the lack of sufficient marina infrastructure to accommodate these larger and growing numbers of superyachts. This issue is problematic, as it is a major deterrent for superyachts visiting the region in the long term. Additionally owners and crews may be dissatisfied with the current state of marina infrastructure services in the region and choose not to return.Will marine development keep up with growing demand?Jonathan Sit, Regional General Manager of <a data-gid="gid://syiq/Company/2015" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="One °15 Marina (Company)">ONE°15 Marina</a> Sentosa Cove in Singapore, shared his insights and explained that he had recently returned from Australia, where he attended a boat show at Sanctuary Cove. “The consensus there was clear: the current infrastructure is insufficient. For instance, Brisbane is set to host the Olympics in 2032, and they anticipate 200 superyachts moving into the region for the event. However, the team there mentioned that there are probably only 70 berths available to accommodate these vessels.”<img src="https://photo-assets.superyachttimes.com/photo/307337/image/large-7fe12dbfee95d11bc1cec02853e20691.jpg" data-gid="gid://syiq/Photo/307337">Sit further explained that as high-profile individuals and others with brand-new yachts plan to journey to Australia, the scramble to build additional berths has begun. In Singapore, which lies on this route, Sit recounted that he and his colleague James Roy are considering how to monetise this influx. However, according to Sit: &nbsp;“The reality is that simply there isn't enough space to host these vessels, as the marina is already at full capacity, and we cannot build fast enough to meet the rising demand.”Ekrem Reyhancioglu, the Director Asia Pacific at <a data-gid="gid://syiq/Company/7745" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Poralu Marine (Company)">Poralu Marine</a>, a company that specialises in Marina construction and consultancy, concurred with Sit's analysis, noting that the construction of marinas typically requires a minimum of 18 months to two years, sometimes longer if part of a larger development. He further highlighted the long-term perspective necessary in marina design, stating, “From an engineering and manufacturing standpoint, we aim for a design life of at least 50 years. Considering how drastically the market can change, as we saw with COVID-19, it's crucial to build marinas that are flexible and can adapt over time.” Ekrem emphasised the importance of having modular and adaptable marinas to effectively respond to market dynamics, both in terms of size and the varying demands of the industry. Public and governmental stigma impeding marina development:As the conversation progressed, Sit elaborated on how public and governmental stigma towards superyachts is hampering marina development in Singapore. He described his interactions with government agencies, highlighting that they would often ask “How can we justify supporting the luxury marina industry when it is perceived to only benefit the elite?” Sit then emphasised that yachting should not be viewed solely as a luxury for the wealthy. “It's about more than just recreation for the elite; it’s also about the broader economic benefits, including job creation, that it can bring to society,” he explained.<img src="https://photo-assets.superyachttimes.com/photo/314129/image/large-513479290f5dbcba736f9e55ba6a85c7.jpg" data-gid="gid://syiq/Photo/314129">This sentiment was further reinforced by Ekrem, who elucidated on the broader impact that marinas can have on the development and future value of the surrounding land. He noted that residential areas with a marina can see an increased value of roughly 20 to 30%. According to Ekrem, this is one of the many benefits that a marina can bring to waterfront development. Marinas attract investments and restaurants and they create jobs. Ekrem emphasised the importance of promoting this industry among local governments and echoed Sit's viewpoint on ensuring that government institutions don't perceive marinas merely as parking lots for yachts, but as sources of value creation for society as a whole, not just for a privileged few.<img src="https://photo-assets.superyachttimes.com/photo/314130/image/large-56ec98ac10b701c87041f51a9cd71131.jpg" data-gid="gid://syiq/Photo/314130">Cassy Wong, Founder of the Kaohsiung International Marinas &amp; Yachts Development Association, a group lobbying the Taiwanese government for improved marina infrastructure for superyachts, highlighted how negative attitudes within the government impact the industry. She explained that even before Covid-19, bringing &nbsp;superyachts to Taiwan was challenging due to the lack of support from government officials. Moreover, Wong recounted instances where potential visitors expressed a strong desire to visit Taiwan. She emphasised that despite Taiwan's hospitality and attractive destinations, the government's refusal to accommodate yachts has discouraged many from visiting.The origin of stigma in marina development:Jonathan noted that in Asia stigma often arises during the development of marinas. In the master planning and business model stages, real estate developers frequently aim to maximise revenue. Sit mentioned that he has received proposals suggesting exclusive membership models with excessively high fees, which could cover costs but ultimately create highly exclusive marinas. These proposals typically include membership prices set at millions of dollars, similar to private clubs in places like Hong Kong. For Jonathan, such exclusivity presents significant monetary barriers, making access difficult for younger or less privileged individuals. Consequently, government officials, who usually focus on the broader population, view these exclusive developments and business models as unhelpful and contribute to the perception of marinas as elitist, thereby reinforcing the stigma.<img src="https://photo-assets.superyachttimes.com/photo/317613/image/large-7159b4f527f63fa6748e11f56658b46b.jpg" data-gid="gid://syiq/Photo/317613"> Will the Asia-Pacific Region see ambitious marina projects like those in the Gulf Region?In other regions around the world, particularly in the Middle East, there are ambitious projects like Neom in Saudi Arabia and various marina developments in Dubai. The panel was asked whether similar developments would soon be seen in Asia. Jonathan responded first, stating that the marina development project in Saudi Arabia is unique due to the unrivalled capital at their disposal. "We have had discussions with local development teams. They are trying to build 15-20 marinas simultaneously. Who has built so many marinas in one go?”Jonathan then underscored that replicating such a large-scale project in Asia would be challenging. "It’s unlikely to happen here at that speed and scale, simply because we need to navigate cross-border regulations and different governments with varying plans and private enterprises with different agendas.” &nbsp;Jonathan then asserted that whilst there definitely would be more marina developments in the Asia-Pacific region, replicating the speed and scale seen in the Gulf region would be challenging.Ekrem affirmed Jonathan's viewpoint and emphasised the importance of comparing like with like. He pointed out that Neom in Saudi Arabia is a single destination with plans for numerous marinas by 2050. In contrast, Asia comprises multiple countries with vast potential. For example, Indonesia and the Philippines alone have around 17,000 and 8,000 islands respectively. Moreover, Ekrem perceived the potential for marina development growth as much greater in Asia, with many countries like Malaysia offering beautiful natural attractions. He added, “At the end of the day, recreational yachting is about visiting beautiful destinations, not just one location with many marinas. So, I fully agree that it will not develop as fast, but in the long term, I think we'll have more marinas here in global Asia, than in the Middle East.”<img src="https://photo-assets.superyachttimes.com/photo/314538/image/large-2e83ae924426291afa4ebb72e59c8cfd.jpg" data-gid="gid://syiq/Photo/314538">Envisioning marina developments in Asia-Pacific region:As for where the panellists envision the most marina developments happening in Asia, Cassy suggested Taiwan. She explained that there are many abandoned fishing facilities in the country. However, she acknowledged that the local government has been resistant to change. “We have the skills for refit and construction, and many of the fishermen's docks are now empty. So, I see a huge possibility for development in Taiwan, but the government needs to be more open to this development for it to progress further.”Ekrem shared this viewpoint, highlighting that <a data-gid="gid://syiq/Company/7745" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Poralu Marine (Company)">Poralu Marine</a> has two marinas and one more under development in Taiwan. He further pointed out that Taiwan is an example of a country where the government has been implementing incentives and regulations to promote marina development. By converting fishermen's harbours into marinas, they are helping to drive the market forward.Moreover, from a more global perspective, Ekrem reiterated the great potential he perceives in Indonesia and the surrounding areas. He referenced that Indonesia, with its 17,000 islands, has fewer marinas than Hong Kong, highlighting the immense growth opportunities. Ekrem also mentioned the Philippines and Malaysia, maintaining that this region, known as the "Coral triangle," holds the highest potential for boating activities. For Ekrem, “The area presents beautiful landscapes, rich natural beauty, and diverse local cultures, which will attract people and yachts from all over the world. The only missing element today is sufficient marina infrastructure.”<img src="https://photo-assets.superyachttimes.com/photo/317614/image/large-05d5ee49aed9d62bcc5075318dedf1e6.jpg" data-gid="gid://syiq/Photo/317614">The main priorities for marine infrastructure in Asia over the next five years:Regarding the future priorities to address structural issues impeding marina development in the region, the panellists emphasised the complexity due to the diverse regulations, maturity levels, cultures, and approaches to boating across over 20 countries. Ekrem identified regulation as the primary challenge and stressed the need to communicate effectively with governments. He reiterated his point that building marinas should be viewed as ecosystems with significant social and economic benefits, contributing to waterfront development and community living spaces.” Once governments understand this, it will be easier to obtain licences, permits, and supportive regulations to promote and push this industry forward.” commented Ekrem. <img src="https://photo-assets.superyachttimes.com/photo/317612/image/large-11d55d5fb3003970c5a088cf2d629b5b.jpg" data-gid="gid://syiq/Photo/317612">Jonathan posited that the industry needs to make it easy for governments to understand their activities. He noted that governmental perspectives often differ from those within the industry, leading to misalignment between their goals and governmental perceptions. "In Singapore, for example, the Singapore Hotel Association monitors occupancy rates, helping to determine how many hotels and rooms are needed," he explained. "This kind of structure is missing in the marina sector," Jonathan continued. "Although there are many associations, none actively aggregate data to effectively pitch ideas to governments," he concluded. <a href="https://www.superyachttimes.com/event" rel="noopener noreferrer" target="_blank" title="">To find out more about SuperYacht Times’ conferences and events, head to our events page.</a>

Will marina development in the Asia-Pacific region meet the growing demand for superyachts?

a major challenge for the industry in the 

To enhance their yachting industry, allure, and improve the region’s standing as an attractive destination for maritime tourism, several Asia-Pacific nations are implementing significant changes. These include the construction of new marinas and the easing of superyacht regulations. <img src="https://photo-assets.superyachttimes.com/photo/329667/image/large-6f7ead27db353f61f43f87f30a32a9af.jpg" data-gid="gid://syiq/Photo/329667">Thailand&nbsp;In Thailand, the Marine Department has recently amended regulations governing the arrival of superyachts and sports boats, to adapt and promote maritime tourism. Deputy Minister Manaporn Charoensri announced these updates on 22 September 2024.<img src="https://photo-assets.superyachttimes.com/photo/315445/image/large-664453b61607586e11021fe0b1df1018.jpg" data-gid="gid://syiq/Photo/315445">The Thai Ministry of Transport has updated its size regulations for visiting superyachts to encourage more maritime traffic and strengthen the local economy. The revised guidelines now expand vessel size allowances, reducing the minimum length requirement for superyachts from 30-metres to 24-metres, while maintaining a passenger cap of 12, in line with international standards. Additionally, insurance requirements have been increased, with a minimum coverage of $5 million per incident now mandated. To further facilitate these changes, administrative procedures have been streamlined through the introduction of a new electronic application system.<img src="https://photo-assets.superyachttimes.com/photo/309922/image/large-0cb7eb91d245c90b405e5c152fca4c34.jpg" data-gid="gid://syiq/Photo/309922">Thailand is indicative of the increasing number of yachts longer than 24-metres entering and leaving Asia Pacific waters. According to the Thai Ministry of Transport, data from Phuket reveals a significant rise in the number of superyachts: from 41 arrivals in 2021 to 117 in 2022, and 148 in 2023. As reported by the Bangkok Post, the Ministry is currently developing two cruise terminal projects at Laem Chabang Port and Koh Samui. These initiatives align with the government's strategic efforts to establish Thailand as a central marina hub in Asia.MaldivesAn illustration of the Maldives's expansion, is the planned 2026 launch of the Zamani Islands Superyacht Marina. Mohamed Hameed, Managing Director of Asia Pacific Superyachts Maldives (APS Maldives), highlights the upcoming Zamani Islands development. Slated to open in 2026, this project will be the island chain’s first dedicated Superyacht Marina. It will feature three resorts across eight islands and include a superyacht marina designed to accommodate 120 berths. This project is designed to elevate the superyacht experience by offering luxury and convenience. <img src="https://photo-assets.superyachttimes.com/photo/318936/image/large-f83220f6bb81e3b5dd16f7cc749857e5.jpg" data-gid="gid://syiq/Photo/318936">Authorities are now issuing free cruising permits to all yachts under 20-metres, an increase from the previous limit of 15-metres, as part of broader efforts to simplify and relax regulations for visiting vessels. Over the past few years, the Maldives has emerged as a leading cruising destination within the region, attracting between 35 and &nbsp;50 superyachts annually. This includes superyachts of up to 150-metres.“Asia-Pacific regions are facilitating worldwide yachting visits with revised charter licence laws along with changes that will make it so much easier and less costly for more superyachts to visit these country islands, now more accessible than ever in the past”, reports Hameed. He also highlights that the visiting season in the Maldives has extended from November to May, with vessels now staying for an average of 45 to 60 days.<img src="https://photo-assets.superyachttimes.com/photo/318943/image/large-08a7905c0c5e91d56fdbdbf6daf063bf.png" data-gid="gid://syiq/Photo/318943">The recognition that the cruising season in the Asia-Pacific region extends year-round has enhanced the popularity of destinations such as Thailand, Malaysia, Indonesia, Singapore, Seychelles, Sri Lanka, the Maldives, and the Andaman Islands.This year, <a data-gid="gid://syiq/Company/7320" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Association (Company)">APSA</a> is set to have the highest number of member experts ever to attend the <a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">Monaco Yacht Show</a> (<a data-gid="gid://syiq/Event/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2024">MYS</a>), eager to engage with visitors keen on exploring Asia and global maritime tours. The APS delegation in Monaco includes Gordon Fernandes, Tanyuta Singhmanee (Jojo), Mohamed Hameed, Nadhira Muneer, Wadhood Adam, Keith Mellon, Gilbert o'Ffay, Christophe Houareau, R. Rathnam, and Alex Harrison.<img src="https://photo-assets.superyachttimes.com/photo/298061/image/large-5a32db5109d9619187ad27bd3db7403b.jpg" data-gid="gid://syiq/Photo/298061"><a data-gid="gid://syiq/Company/7320" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Association (Company)">APSA</a> directors and experts, led by Gordon Fernandes, will host visitors as the Platinum Sponsor at the 'Asia Superyacht Night in Monaco' on 24 September and at the <a data-gid="gid://syiq/Company/7320" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Association (Company)">APSA</a> Stand DS25 from 25 to 28 September 2024.&nbsp;

Thailand and Maldives ease regulations around superyachts

Asia Pacific nations are implementing significant changes to enhance their yachting industry and allure.