<a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a>, a leading financial management platform for the superyacht sector, has announced its acquisition of the interactive worklist management platform <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a>. A move that will “further enhance its end-to-end solution for the financial management of superyachts”. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/259442/image/large-72e8b9a3a5e160f25ed9565ab1af730c.jpeg" data-gid="gid://syiq/Photo/259442">The <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a> platform provides a simple work list solution for an entire supply chain, with the aim to offer end-to-end transparency and total workflow accuracy for financial and time savings.&nbsp;The two companies have worked closely over the past 12 months and both see “enormous value” that integrating <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a> and developing the platform further under the <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> umbrella will bring to its users in the industry. As <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> explained, “The new integration will benefit captains and owners who are managing new build projects or refits, offering a total solution from initial bidding through to completion.”<img src="https://photo-assets.superyachttimes.com/photo/259440/image/large-23bc976025a0dad4b8c108980b74e146.jpeg" data-gid="gid://syiq/Photo/259440">“I’m delighted that Pinpoint Works has joined the <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a> family. Our mutual respect, unified approach, and vision for technology within the marine space will continue to provide the superyacht sector with the cutting-edge tool set that it requires to function effectively,” Ian Flanagan, founder and CEO of <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a> commented. “Together with our industry partners, management companies, shipyards and the incredible crew that make it all possible; we will continue to revolutionise the industry. <img src="https://photo-assets.superyachttimes.com/photo/259477/image/large-34ff13515791979facf69aae4e37e0c2.jpg" data-gid="gid://syiq/Photo/259477">“We are already working closely together on the next <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> chapter, please watch this space. These are exciting times in the superyacht world. <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly Group</a>, supported by the superb team of people that work here, intend to keep pushing the boundaries and leading the way.”<img src="https://photo-assets.superyachttimes.com/photo/259441/image/large-b768d958036f7e3882be72818b1d5c89.jpeg" data-gid="gid://syiq/Photo/259441">Leslie Gillotte, co-founder and Director of <a data-gid="gid://syiq/Company/7026" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pinpoint Works (Company)">Pinpoint Works</a> added. “The enthusiasm both our client bases bring for our products serves as motivation for us to create more value for them by uniting forces. Through this strategic partnership and our shared passion for developing innovative technology, we will grow stronger together by providing truly unique solutions.<img src="https://photo-assets.superyachttimes.com/photo/259478/image/large-c56f41e1e7a2725c035228a59aa1bff2.jpg" data-gid="gid://syiq/Photo/259478">“With the <a data-gid="gid://syiq/Company/4952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Voly Group (Company)">Voly</a> team, we look forward to continuing to provide excellent standards of client support and bringing greater impact through the integration of our platforms for this dynamic industry we serve, and beyond.”

Voly Group acquires Pinpoint Works 

 Ian Flanagan, founder and CEO of Voly Group

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Leslie Gillotte, co-founder and Director of Pinpoint Works

Voly Yachting credit card 

Voly Group

 Voly Group has announced its acquisition of the interactive worklist management platform Pinpoint Works. 

Voly Group announces acquisition of Pinpoint Works  

<a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Shipyard</a> has acquired a majority stake in <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells Modern &amp; Classic Boatbuilding</a>. The two companies have a history of collaboration, with <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> frequently commissioning <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells’</a> bespoke tenders for their superyachts.<img src="https://photo-assets.superyachttimes.com/photo/252182/image/large-cfa3304da729f261581eefa853bd109d.png" data-gid="gid://syiq/Photo/252182"><a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells Modern &amp; Classic Boatbuilding</a>, established by Dave Cockwell, who now serves as its Sales and Technical Director, has expanded significantly over 28 years.The company manufactures both Duchy and Hardy semi-production vessels as well as bespoke superyacht tenders.Commenting on this strategic development, Dean Short, Managing Director of <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a>, stated: "<a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> has been actively seeking support in the marine sector to advance to the next phase of our business plan, which includes the production of this year’s new model, the Duchy 45. Being Falmouth-based like us, <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> is ideally positioned to provide that support. We are delighted to be moving forward with them."The <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Group</a> comprises several distinct entities: <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Shipyard</a>, a superyacht service facility located in Falmouth; <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis</a> Vilanova, a Mediterranean marina and Technical Service Centre near Barcelona; and Norfolk Interiors, a manufacturer specialising in luxury bespoke interiors.Discussing the reasons for acquiring a majority stake, Toby Allies, Managing Director of the <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Group</a>, explained: "<a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> shares many of the values integral to the <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Group</a> and serves many of the same customers and contacts. Partnering with <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> will broaden our offerings to our client base within the superyacht sector." He added, "<a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a>’ activities complement our core group strategy. With the company’s robust forward order book and ambitious expansion plans, we are excited to welcome Cockwells to the <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Group</a>."Regarding the acquisition Dave Cockwell remarked: “Over the past 28 years, we have grown from renting a tiny space in Underfall Boatyard in Bristol with one apprentice, to operating three sites in Cornwall with more than 140 employees. I am delighted that we are joining forces with the <a data-gid="gid://syiq/Company/209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pendennis Shipyard Ltd (Company)">Pendennis Group</a>. With the backing of an established global superyacht brand, <a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> will grow further and meet the demands of our ever-increasing client base.”<a data-gid="gid://syiq/Company/5735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cockwells (Company)">Cockwells</a> will continue to operate independently with the existing management team headed by Managing Director, Dean Short with Dave Cockwell retaining his role of Sales and Technical Director.

Pendennis Shipyard acquires majority stake in Cockwells Modern & Classic Boatbuilding

Pendennis Shipyard has acquired a majority interest in Cockwells Modern & Classic Boatbuilding.

<a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> President Leonardo Ferragamo has released a new statement following <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s acquisition of the company.&nbsp;On 1 August 2024, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> <a href="https://www.superyachttimes.com/yacht-news/sanlorenzo-buys-nautor-swan" target="_blank">announced that they were buying Nautor Swan</a>. The following day, they announced they had<a href="https://www.superyachttimes.com/yacht-news/sanlorenzo-first-closing-nautor-swan-acquisition" target="_blank">&nbsp;completed their first closing</a> of the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> acquisition. In the statement, Ferragamo highlights his love of the work he has put into making <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> what it is today.&nbsp;“It is an important time for <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> this year as we have come to an agreement with the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo Group</a>. I cannot tell you enough how much I have always loved, respected, and put all my endeavours into making <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> what it is today.”<img src="https://photo-assets.superyachttimes.com/photo/309290/image/large-bbfa5629e30fe9af8305cc907df9a4c3.jpg" data-gid="gid://syiq/Photo/309290">He stated that he aims to ensure the longevity of the brand by entrusting it with <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> to continue to propel it forward:“I will remain a significant shareholder of <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> for some years to come, as I want to ensure the transfer of culture, experience, and competence to the new course of our company, definitely enhancing the trust that so many sailors around the world have placed in our hands.”The <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan Group</a> comprises 13 companies across seven countries: Finland, Italy, Spain, Monaco, the United Kingdom, the United States, and Australia. Specialising in the design, construction, sale, and refitting of sailing yachts, the brand also builds motor yachts under the Shadow and Arrow brands.“I’m very confident that with this alliance, we will be able to reach the many potentialities our company has, which we have built with unique passion and dedication over the years,” added Leonardo Ferragamo.<img src="https://photo-assets.superyachttimes.com/photo/302095/image/large-5c81b855a83c4129bca77da30b2ee896.jpg" data-gid="gid://syiq/Photo/302095">Giovanni Pomati, CEO of <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>, also asserted that this agreement is “very positive”. He goes on to acknowledge that this partnership will aid <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> to “enhance investments in Engineering, Operations and Commercial to achieve more outstanding performance in innovation, technology, operational efficiency and market penetration”.

Nautor Swan statement on acquisition by Sanlorenzo 

Nautor Swan President Leonardo Ferragamo has released a new statement following Sanlorenzo’s acquisition of the company.

Nautor Swan issues statement on acquisition by Sanlorenzo

<a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">North Technology Group (NTG)</a> has announced an expansion of its marine portfolio, with the addition of two new brands, <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle Sails</a> and Quantum Sails.While <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a>, which was founded in 1957 with <a data-gid="gid://syiq/Company/758" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Sails (Company)">North Sails</a>, includes a varied portfolio of businesses within the sailing and maritime lifestyle sector, <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle</a> and Quantum, will each continue to operate independently, maintaining distinct brand identities and competing for market share.&nbsp;This means both businesses are set to oversee their own lofts, sales and marketing teams, as well as product suites, as the <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> ownership supplies the brands with financial security, flexibility, and resources for bettering their sailors’ experiences.<img src="https://photo-assets.superyachttimes.com/photo/321862/image/large-0557f539fbc4608cc9e4eae4588ee432.jpg" data-gid="gid://syiq/Photo/321862">“<a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> are long-term supporters of sailing. We want to grow the sport by investing in skills and innovation, by supporting new technologies in sailmaking, and by committing to accomplishing all this in a sustainable way. In <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle</a> and Quantum, we have found two brands and businesses that support our values and goals. We're pleased to be partnering with Mike, Ed, and their teams, as we work together to promote the future of the sport we love so much,” NTG Chairman Peter Dubens remarked.&nbsp;Moving forward, Quantum Sails will still be led by Ed Reynolds and Andrew Scott, while Doug DeVos’ involvement in the business and investment in <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> is expected to continue. As for <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle Sails</a>, the brand which is dedicated to sailors and sailmakers, will continue to be led by Mike Sanderson.&nbsp;<a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle Sails</a> CEO Mike Sanderson commented: “After eight years at the helm, the decision for <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle Sails</a> to combine forces with <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> was a ‘no-brainer’ for David Duff, Richard Bouzaid and me. It ensures the longevity of the brand we are so committed to; it will keep challenging innovation in sailing, and it brings significant opportunities for our team, sailors, and customers. I could not be more excited about leading Doyle Sails into the next chapter and chasing the next challenge.”“<a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">North Technology Group</a> is passionate about the sailing industry, and with big ambitions and a relentless drive we are continuously evolving. We see a real opportunity for growth and development by bringing <a data-gid="gid://syiq/Company/2956" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sails NZ Ltd (Company)">Doyle Sails</a> and Quantum Sails into the <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> family. We look forward to welcoming their customers and our new colleagues on this journey,” <a data-gid="gid://syiq/Company/7798" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="North Technology Group (Company)">NTG</a> CEO Sam Watson concluded.&nbsp;

North Technology Group adds brands Doyle Sails and Quantum Sails

North Technology Group (NTG) has announced their expansion of their marine brands with the addition of Doyle Sails and Quantum Sails.

North Technology Group joins forces with Doyle Sails and Quantum Sails

Today <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has completed their First Closing of their acquisition of <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>, in accordance with the transaction outlined by the press release disclosed on 1 August, which defines their economic terms.&nbsp;As of today’s First Closing, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has paid the cash portion of the €32,354,734.71 equal price equal to €32,354,734.71. The global brand has also transferred €16,177,367.36 in escrow, to be released simultaneously with the Capital Increase reserved to Sawa, which is the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a> owning company.<img src="https://photo-assets.superyachttimes.com/photo/309290/image/large-bbfa5629e30fe9af8305cc907df9a4c3.jpg" data-gid="gid://syiq/Photo/309290">When it comes to <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s share price for the payment in shares, equal to the arithmetic average of the stock exchange closing prices in the previous 30 calendar days, the value has been calculated at €38.4727, which would imply the issuance of 420,489 shares in favour of Sawa, in view of the First Closing amount equal to €16,177,367.36 to be paid in shares.Read: <a data-gid="gid://syiq/Article/61155" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo to buy Nautor Swan (2024-08-01 08:30:00 +0200)">Sanlorenzo to buy Nautor Swan </a>Furthermore, the companies of the acquisition perimeter, which is "<a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan Group</a>", generated in FY2023, on an aggregated basis, Net revenues from the sale of new yachts amounting to approximately 10% of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo Group</a>’s net revenues new yachts in FY2023.This valuation of the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan Group</a> takes into account EBITDA prospects as resulting from the analysis and elaboration of acquired financial information, along with potential synergies.

Sanlorenzo completes first closing of Nautor Swan Acquisition

Today Sanlorenzo has completed their First Closing of their acquisition of Nautor Swan.

<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has issued a statement, following the open letter that was sent to its shareholders by Island Capital Group.<img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-9384651b02a3c3b8b113c3d33254dc31.jpg" data-gid="gid://syiq/Photo/265731">The open letter proposed an acquisition of 100 percent of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>'s Yachting and Marina Related Services, including <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>, <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a>, and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>. The letter was sent by former <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> founder, Andrew Farkas, who expressed his concerns over the company’s management and strategic direction since its acquisition by MarineMax in 2022.<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> was sold to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> for $480 million, with <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> existing management team continuing to lead the growth and operations of the business. Farkas detailed several concerning developments since <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s integration into <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, stating that the company had not benefitted from the acquisition.&nbsp;Read: <a data-gid="gid://syiq/Article/60986" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas Founder proposes acquisition of IGY, Fraser, and Northrop & Johnson from MarineMax (2024-07-11 10:30:00 +0200)">IGY Marinas Founder proposes acquisition of IGY, Fraser, and Northrop &amp; Johnson from MarineMax</a><img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-ca20ccc1813073a1b2aa9dfbcd755ab5.jpg" data-gid="gid://syiq/Photo/265732">In the statement published online, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>’s Board of Directors emphasised its commitment to evaluating genuine opportunities that enhance shareholder value. The Board stated, "We are always open and responsive to input from key stakeholders and have spoken with Island Capital Group on several occasions. The company will continue to make decisions and take actions that we believe are in the best interest of the company and our shareholders."<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates in over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities. The company’s integrated business encompasses several brands and services including <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a>, <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>, <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>, Cruisers Yachts, and Intrepid Powerboats.This is not the first proposal that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has received, with <a data-gid="gid://syiq/Article/60633" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater issues statement over MarineMax acquisition rumours (2024-06-03 16:30:00 +0200)">rumours circulating last month</a> that its rival <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> had made an "all-cash, $40-a-share offer" for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, following months of private discussions. However, following on from these comments, <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> issued a statement that they "do not comment on market rumours or speculation," leaving the option for a potential acquisition uncertain.

MarineMax responds to Island Capital Group's acquisition proposal

MarineMax has issued a statement, following the open letter that was sent to its shareholders by Island Capital Group.

MarineMax issues statement following proposed acquisition by Island Capital Group

Yachting publication <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> has announced its acquisition by <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>. While we typically refrain from covering news about our competitors, the acquisition is a significant event in the yachting industry.<img src="https://photo-assets.superyachttimes.com/photo/99271/image/large-21a834fc98095b75b983b634aab2fdbf.jpg" data-gid="gid://syiq/Photo/99271"><a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> organises trade shows and conferences across various industries, with this acquisition acting as an extension of its current yachting portfolio, which includes the <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>, Fort Lauderdale International Boat Show and Palm Beach International Boat Show.It remains unclear whether <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> will closely integrate their yachting events with <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> and how this might affect the media partnerships that other media companies, such as SuperYacht Times, currently have with these events.A statement posted on the <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> website stated that Stewart Campbell will remain Editor-in-Chief and <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> Media will have the same management team. This includes Toby Moore as Chief Executive and Tony Euden as Chief Operating Officer, while John Paton will also continue as Chair of the Board.According to <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> Media, the company and its subsidiaries, including IBI and Dockwalk, will maintain their distinct brands and complete editorial independence, while utilising <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>'s specialist media expertise.Speaking about the acquisition on the <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> website, CEO Toby Moore said: "We are excited to start working with <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>. We share a vision and enormous optimism about <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">BOAT International</a> Media's future, which will benefit from Informa’s experience and investment in specialist media brands and platforms.”

BOAT International acquired by Informa 

Informa has announced the acquisition of yachting publication Boat International. 

MYS and FLIBS organiser acquires BOAT International

Australia-based charter and brokerage company <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> has announced the acquisition of the yacht booking service company Floatspace. The strategic move plans to strengthen <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a>’s commitment to provide clients with an instant and seamless booking service.<img src="https://photo-assets.superyachttimes.com/photo/315574/image/large-81cb6d62ff184e62ec3a6fb5e905e959.jpg" data-gid="gid://syiq/Photo/315574">Floatspace is focused on making bookings more accessible, by offering fully automated bookings for entry-level party boats. The acquisition means that <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> can service the entire charter market digitally and automated, offering clients with a comprehensive solution across the spectrum.“The two businesses complement one another very well. Although having come at the market from opposite ends, both delivered excellent traction and growth, meaning combining the two would result in a force to be reckoned with,” commented Hugh Treseder, Founder and CEO of Floatspace.<a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> is no stranger to acquisitions, in July 2023 they <a data-gid="gid://syiq/Article/58050" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club acquires stake in Ray White Marine brokerage firm (2023-07-10 09:30:00 +0200)">announced that they had acquired a stake in the brokerage firm Ray White Marine</a>. The acquisition allowed <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> to actively focus on the sale of superyachts, with their current portfolio standing at just under 45 yachts for sale.&nbsp;Read: <a data-gid="gid://syiq/Article/58355" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A powerhouse is born: Brock Rodwell on the merger of Ahoy Club and Ray White Marine (2023-08-17 17:30:00 +0200)">A powerhouse is born: Brock Rodwell on the merger of Ahoy Club and Ray White Marine</a><img src="https://photo-assets.superyachttimes.com/photo/315576/image/large-545078db0307b14bacfb9132069f98e9.jpg" data-gid="gid://syiq/Photo/315576"><a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a> began with a global focus, aiming to revolutionise the yacht charter industry globally. Due to the COVID-19 pandemic, they have honed in on the Australian Day Charter market, focusing on luxury day charter yachts.“Clients today are empowered with extensive knowledge, conducting their own thorough research,” explained Ellie Malouf, CEO of <a data-gid="gid://syiq/Company/5102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ahoy Club (Company)">Ahoy Club</a>. “For charters, they often know what they want, when they want it, and seek the convenience of booking that instantly. Clients now expect similar experiences in the yachting industry as they do with other premium services.”<img src="https://photo-assets.superyachttimes.com/photo/315575/image/large-cc19f4b74826b8fa1b4521404ac14880.jpg" data-gid="gid://syiq/Photo/315575">Floatspace enables clients to effortlessly select their desired yacht, date, time, and any additional requirements. The advanced technology automatically updates the yacht's calendar and generates charter contracts for all parties involved.“We've gone to a fabulous new home and having had some healthy rivalry over the years, we can now turbocharge things. I'm proud, as this was no easy journey,” added Hugh Treseder.&nbsp;

Ahoy Club acquires Floatspace

Ahoy Club has announced the acquisition of the yacht booking service company Floatspace.

Ahoy Club acquires yacht booking service Floatspace

According to online news publication Bloomberg, <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> is in talks to acquire its larger rival <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/265731/image/large-9384651b02a3c3b8b113c3d33254dc31.jpg" data-gid="gid://syiq/Photo/265731">The US-based news company alleged that <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> has made an all-cash, $40-a-share offer for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, following months of private discussions. Bloomberg also reported that according to unnamed sources, the combined company would be valued at about $2.5 billion, including debt.However, <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> has issued the following statement on the rumoured acquisition: “As a matter of policy, we do not comment on market rumors or speculation. <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> is a highly disciplined and seasoned acquirer within the fragmented boating industry.”<img src="https://photo-assets.superyachttimes.com/photo/184954/image/large-cb047084464f2702c524eb07295a896c.jpg" data-gid="gid://syiq/Photo/184954">“Since 2014, we have successfully executed more than 30 acquisitions that have contributed to increased shareholder value. This strong track record is anchored by our ability to meaningfully expand EBITDA of acquired companies through expeditious synergy realisation.”<a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> is one of the largest and fastest-growing premium marine retailers in the United States. <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> operates a total of 96 retail locations, 10 distribution centres and warehouses and multiple online marketplaces in 18 different states, several of which are in the top twenty states for marine retail expenditures.<img src="https://photo-assets.superyachttimes.com/photo/184959/image/large-4c195ac54d5c6528b5d5e0756609d9dc.jpg" data-gid="gid://syiq/Photo/184959"><a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates in around 130 locations, including 83 dealerships, 66 marina and storage facilities, and also owns the brokerage firms <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a> and <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>. In addition, <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a> has grown over the years with the acquisition of companies such as <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> and <a data-gid="gid://syiq/Company/4685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SYM - Superyacht Management (Company)">Superyacht Management (SYM)</a>.&nbsp;If the two companies were to join forces, the combination would result in significant cost savings and long-term earnings growth. <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a> is no stranger to takeovers, with the acquisition of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a> taking place in 2022 and the closing of &nbsp;Garden State Yacht Sales last month.Read: <a data-gid="gid://syiq/Article/54952" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine finalises acquisition of Denison Yachting (2022-04-12 16:00:00 +0200)">OneWater Marine finalises acquisition of Denison Yachting</a><img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-ca20ccc1813073a1b2aa9dfbcd755ab5.jpg" data-gid="gid://syiq/Photo/265732">“<a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a> has a strong balance sheet and will continue to prioritise judicious capital allocation and maintain appropriate levels of leverage while evaluating strategic opportunities, enabling us to ensure the short-term, medium-term, and long-term viability of our business,” added <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a>.“Management and the Board of Directors are extremely focused on preserving and enhancing shareholder value. They are squarely aligned with shareholders, given that insiders collectively hold a 17 percent interest in the company.”SuperYacht Times has also reached out to <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> for a comment on the rumours.

OneWater in talks to acquire MarineMax  

OneWater Marine has issued an official statement following rumours online of talks to acquire its larger rival MarineMax.

OneWater issues statement over MarineMax acquisition rumours

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

Silent Yachts new ownership

Silent Yachts announces new management and ownership.

home-featured-topleft#0

Silent Yachts announces new ownership and management

<a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Yacht Support (Company)">Fairport Yacht Support</a> and <a data-gid="gid://syiq/Company/4685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SYM - Superyacht Management (Company)">SYM</a> have announced a merger, under the new name of <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a>. This merger represents a strategic consolidation designed to enhance the scope and quality of yacht management services available to clients worldwide, setting a significant step towards global expansion.<img src="https://photo-assets.superyachttimes.com/photo/306693/image/large-f9290bfbff994de77942568c27418ac9.jpeg" data-gid="gid://syiq/Photo/306693">Angus Mackenzie, Managing Director of <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a> in the US expressed: “We’re delighted to announce the launch of <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a>." He further added: ”This logical strategic move will allow us to leverage international resources and establish a solid presence in new key markets worldwide. Our team is excited to bring our renowned services to customers across the globe and forge lasting relationships within the international yachting industry. Backed by <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, we're equipped with enhanced resources and financial stability, ensuring exceptional service worldwide.”<a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a> features a combined workforce of over 50 professionals from both companies, managing a fleet exceeding 100 yachts. This consolidation not only positions <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a> as a leading figure within the industry but also emphasises its commitment to providing customised technological solutions and top notch customer service.&nbsp;With this integration, <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a> is equipped to offer its clientele comprehensive support in all major cruising destinations worldwide, leveraging local expertise, teams, and connections to meet and exceed client expectations.<img src="https://photo-assets.superyachttimes.com/photo/306695/image/large-823b2f83896347c1a53c0d9938d91ee6.jpeg" data-gid="gid://syiq/Photo/306695">"Teaming up with <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport</a> marks an incredible milestone for us at <a data-gid="gid://syiq/Company/4685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SYM - Superyacht Management (Company)">SYM</a>," states Lisa Martinez, Managing Director of <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a> in Europe. "Together, we're set to redefine global yacht management. I'm thrilled to be part of this exciting journey ahead."As part of their &nbsp;growth plans, <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a> has been actively recruiting new team members in all their international offices. Notable recent appointments include the promotion of Nate Cook, now Head of Operations for <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a> in the US.Moreover, with the promotions of Angus Mackenzie and Lisa Martinez to Managing Directors of their respective regions, the founders, Ben Young (former <a data-gid="gid://syiq/Company/4685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SYM - Superyacht Management (Company)">SYM</a>) and Graeme Lord (<a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Yacht Support</a>), will assume the roles of Chairman with a renewed focus on business development and industry relations.Ben Young MBE, Founder of <a data-gid="gid://syiq/Company/4685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SYM - Superyacht Management (Company)">SYM</a> commented: “I’m thrilled to be part of this ongoing success story and I’m proud to be at the helm of our growing operation in Europe.” Graeme Lord, Founder of <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Yacht Support</a> added: “This combines the strengths of two organisations from different corners of the globe, enabling us to offer extraordinary worldwide services in the yacht management sector. Fairport has always stood for independence and transparency. Today, as <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a>, we continue this legacy, solidifying our position as an industry leader. With our expanded reach, we're better positioned than ever to support clients across major cruising grounds. I'm proud to see <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a> come to life and excited for the journey ahead."Overall, the merger benefits from the support and confidence of their shared parent company, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>. This affiliation with <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> contributes additional resources and stability for <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a>'s clientele, affirming the company's commitment to delivering superior service. Together with its group partners, including <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> and Newcoast Finance &amp; Insurance, <a data-gid="gid://syiq/Company/4848" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairport Global (Company)">Fairport Global</a> is poised to provide a comprehensive suite of offerings encompassing marina berths, crew recruitment, and insurance services, positioning the company to meet a wide range of client needs within the yachting industry.

Fairport Yacht Support and SYM merge to form Fairport Global

Fairport Yacht Support and SYM have announced a merger under the new name of Fairport Global.

<a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> has unveiled the first details of the new 75-metre electric fuel cell yacht concept&nbsp;C, created to celebrate the brand's 75th Diamond Anniversary. With more details due to be announced during 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 2024</a>, her name is inspired by the chemical symbol for carbon – the fundamental element that forms diamonds – paying homage to both the material and the anniversary milestone of <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>.<img src="https://photo-assets.superyachttimes.com/photo/328257/image/large-e0a745afcb5157120c3cc4d705303e0d.jpg" data-gid="gid://syiq/Photo/328257">Designed by Ruud Bakker and Tanno Weeda, C draws inspiration from the patterns that are formed when light reflects and magnifies from the cut of a diamond, with her profile mimicking this with mesmerising angles. Images of the yacht are yet to be revealed, but <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> describes the yacht as having “an unforgettable profile” and “broad expanses of glass.”Due to her expansive use of glass, the interiors of C are illuminated by natural light, to create a fluid living space for guests onboard. The exterior design of C also blurs the lines between her decks, with her fore and aft sections offset by a half-level to create a smooth transition between each space.Other design innovations onboard C are the partially enclosed lower deck sea lounge that can be used at anchor or underway, a beach club with sea-level dining, a duplex owner’s suite and an articulating crow’s nest rising from a private observation deck.In terms of exterior deck spaces, C is equipped with a pair of infinity-edge hexagonal pools, which aim to match the shapes of her various seating arrangements and atrium. “There’s nothing rough about this diamond in <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>’s concept collection,” explained <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>. “As with all <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> concept yachts, C is completely researched and buildable.”&nbsp;C will also showcase Feadship’s next evolution in adaptive technology, with a command centre positioned on the lower deck between her crew area and beach club. This fully digital operation and navigation hub includes the latest in intelligent situational awareness technology, with cameras and data fusion.“This layout and the smaller single-level engine room, supported by the fuel cells, maximises prime owner and guest space, creating more value to an owner within the same gross tonnage,” added <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>.<img src="https://photo-assets.superyachttimes.com/photo/285554/image/large-ee1e4321b5100826f2f5097767414c53.png" data-gid="gid://syiq/Photo/285554">Based on her hull shape and fully-electric propulsion system, C is an evolution of the <a data-gid="gid://syiq/Article/35229" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="New Feadship future concept Breathe unveiled in Monaco (2010-10-06 00:00:00 +0200)">Breathe</a> concept announced at Monaco Yacht Show 2010 and <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>’s 83.5-metre superyacht <a data-gid="gid://syiq/Yacht/5598" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Savannah83.5m (273'11&quot;)Feadship2015">Savannah</a>, which was launched in 2015.With her inline contra rotating propellers and electric propulsion system, C is predicted to be 30 percent more efficient than a typical 75-metre yacht with dual shafts, propellers and rudders. As a result, the improvements to her underwater profile will mean less wake when cruising, contributing to smoother movement, improved efficiency, and less impact on surrounding waters.Like <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>’s 118.80-metre <a data-gid="gid://syiq/Yacht/8907" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship van Lent 821118.8m (389'9&quot;)Feadship2024">Project 821</a>, C will draw 100 percent of her power needs from fuel cells, which will run directly on methanol and be accompanied by lithium-metal batteries. She will be able to reach a top speed of 17 knots with additional battery power to the DC electrical grid and a cruising speed of 14 knots using her fuel cells.&nbsp;Additional power can be generated passively by two pairs of wave-actuated fins that fold out from the hull aft of the anchors. Estimates are that in a one-metre sea, energy generated by their movement will meet one-third of C’s hotel load.&nbsp;

Feadship unveils first details of new 75m superyacht C

Feadship has unveiled the first details of the new 75m electric fuel cell superyacht C, created to celebrate the brand's 75th Diamond Anniversary. 

Feadship unveils first details of new 75m electric fuel cell superyacht C concept

<a data-gid="gid://syiq/Company/2207" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rolls-Royce Marine (Company)">Rolls Royce</a> and the <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut-Benetti Group</a> have established a partnership under a four-year framework agreement. This collaboration will see the integration of <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> diesel engines across <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> and <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> yachts. Additionally, the agreement includes the introduction of advanced <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> propulsion systems specifically tailored for the <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> Grande Series, extending up to 30-metres.<img src="https://photo-assets.superyachttimes.com/photo/296190/image/large-463b0553fa710aae2473780ce9247995.jpg" data-gid="gid://syiq/Photo/296190">Moreover, the latest models from the <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> 'Grande' Series are set to be outfitted with fully integrated propulsion systems. These will include <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> Series 2000 engines, ZF pod drives, and <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> NautIQ marine automation solutions. The collaboration also includes a comprehensive suite of services.Denise Kurtulus, Senior Vice President of Global Marine at <a data-gid="gid://syiq/Company/2207" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rolls-Royce Marine (Company)">Rolls-Royce</a> Power Systems, commented: "We are not only expanding our position as a premium supplier to the yacht industry, but also as a systems partner for our customers. And with the complete solution for the <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> Grande models, we are now also represented in the yacht class under 30-metres in length.”Marco Valle, Chief Executive of the <a data-gid="gid://syiq/Company/6046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut-Benetti Group (Company)">Azimut-Benetti Group</a>, stated, “We are advancing our investments in pod technology, facilitated by collaborations with leading companies such as <a data-gid="gid://syiq/Company/2207" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rolls-Royce Marine (Company)">Rolls-Royce</a>, renowned for its <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> propulsion solutions in the large boat segment.”

Rolls-Royce signs agreement with Azimut-Benetti Group for MTU propulsion systems

Rolls Royce and the Azimut Benetti Group have established a partnership under a four-year framework agreement.

The <a href="https://sya.superyachttimes.com/companies/dubai-tourism" target="_blank">Dubai Department of Economy &amp; Tourism</a> is due to return to the <a href="https://sya.superyachttimes.com/events/monaco-yacht-show-2023" target="_blank">Monaco Yacht Show</a>next week, alongside the team from Abu Dhabi to share the latest developments in the UAE. Over recent years the government departments have worked together to position and promote the UAE as a leading superyacht winter destination.<img src="https://photo-assets.superyachttimes.com/photo/328197/image/large-760afb87b26ca524d6b0b96ea090bfa3.jpg" data-gid="gid://syiq/Photo/328197">The four-day event will take place from 25 to 28 September, with expected participation from nearly 600 exhibitors, including destination representatives, yacht management companies, superyacht designers and builders, alongside luxury consumer and automotive brands and over 30,000 visitors.<img src="https://photo-assets.superyachttimes.com/photo/328194/image/large-5923d7cb53a417fcb4f0b08bc6149f9c.jpg" data-gid="gid://syiq/Photo/328194">The impressive <a href="https://sya.superyachttimes.com/companies/dubai-tourism" target="_blank">Dubai Tourism</a> stand covers a 100 square-metre space in a prime location at the heart of the Monaco Yacht Show, and the team will draw attention to everything Dubai has to offer superyacht owners, crew and guests. The stand includes a private upper deck terrace where guests can enjoy meetings and refreshments in privacy, with spectacular views over the entire show.<img src="https://photo-assets.superyachttimes.com/photo/327652/image/large-207bfe79151788a844365e38f99a007d.jpg" data-gid="gid://syiq/Photo/327652">Dubai has evolved around its coastal hubs to become what it is today – an attractive global destination with world-class infrastructure, high accessibility and exclusive experiences, welcoming visitors all year round. Ranked among the most liveable places worldwide, the city’s favourable winter climate makes it an ideal haven between October to April, allowing you to extend the yachting season even further.With the Caribbean now highly oversubscribed for winter berths, Dubai offers a viable and attractive alternative and the team in Monaco will be able to assist you with any questions you may have about regulations, cruising and permits.<img src="https://photo-assets.superyachttimes.com/photo/328192/image/large-a41e373e133e58b339ad33eb2dc364c0.jpg" data-gid="gid://syiq/Photo/328192">Dubai Stakeholders&nbsp;This year, <a href="https://sya.superyachttimes.com/companies/dubai-tourism" target="_blank">Dubai Department of Economy &amp; Tourism</a> is being supported by a number of supporting stakeholders, including; <a data-gid="gid://syiq/Company/7335" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix Yacht Management (Company)">Phoenix Yacht Management</a>, the Dubai-based yacht management firm founded in 2023 by highly experienced yacht manager Ian Harris and managing director Yousuf Al Hashimi.&nbsp;Beno, the luxury rental company that provides tailor-made services across cars, chauffeur services, yacht charters, helicopter charters and more. The team from <a data-gid="gid://syiq/Company/6806" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="JLS Yachts (Company)">JLS Yachts</a> marine experts that assist owners and crew across the Middle East and beyond.The marinas of <a data-gid="gid://syiq/Company/5856" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mina Rashid Marina (Company)">Mina Rashid</a> and <a data-gid="gid://syiq/Company/6804" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai Harbour Marina (Company)">Dubai Harbour</a> will have local representatives at the stand alongside Bulgari Yacht Club and Hotel, one of Dubai's most luxurious yachting destinations. Jonny Dodge and his team at the charter, brokerage and management firm <a data-gid="gid://syiq/Company/6391" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="My Ocean (Company)">My Ocean</a> will also be available, alongside IR Yachts, the shipping and marine logistics firm GAC and boat manufacturing and services company Autore.&nbsp;Make sure to stop by <a href="https://sya.superyachttimes.com/companies/dubai-tourism" target="_blank">Dubai Department of Economy &amp; Tourism</a> Stand PP75 in the Parvis Piscine to chat with the team and discover all of the above and more!&nbsp;

Dubai Tourism at Monaco Yacht Show 2024

Dubai Tourism will return next week to the Monaco Yacht Show with a host of partners.

Meet the team from Dubai at the Monaco Yacht Show 2024

The 26.82-metre sailing catamaran <a data-gid="gid://syiq/Yacht/10948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Little Giant26.82m (87'12&quot;)Sunreef Yachts2017">Little Giant,</a> is now for sale with Cornelius Kistler of <a data-gid="gid://syiq/Company/6962" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Catamaran Company (Company)">The Catamaran Company.</a> Formerly known as Ruwani, the <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> was built by Poland’s <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef Yachts</a> and delivered in 2017. <a data-gid="gid://syiq/Yacht/10948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Little Giant26.82m (87'12&quot;)Sunreef Yachts2017">Little Giant&nbsp;</a> features a GRP hull and superstructure. <img src="https://photo-assets.superyachttimes.com/photo/328010/image/large-1ec712d7d0bdaec4fbc0799a25f8767e.jpg" data-gid="gid://syiq/Photo/328010">With a beam of 12.09 metres, a draft of 2.31 metres, and a volume of 92 GT, <a data-gid="gid://syiq/Yacht/10948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Little Giant26.82m (87'12&quot;)Sunreef Yachts2017">Little Giant&nbsp;</a>offers ample space for luxury cruising. The <a href="https://www.superyachttimes.com/yachts/little-giant" rel="noopener noreferrer" target="_blank" title="">Little Giant yacht for sale</a>’s exterior and interior design, along with its naval architecture, were all crafted in-house by <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef Yachts</a>.<img src="https://photo-assets.superyachttimes.com/photo/328008/image/large-c6a5370ddebcf02da2824380c3447259.jpg" data-gid="gid://syiq/Photo/328008"><img src="https://photo-assets.superyachttimes.com/photo/328009/image/large-57bdbf072ab5f01cc2807dae79931d39.jpg" data-gid="gid://syiq/Photo/328009"> This <a href="https://www.superyachttimes.com/yachts/name-or-previous-name:sunreef" rel="noopener noreferrer" target="_blank" title="">Sunreef yacht for sale</a> accommodates up to 10 guests onboard. Her bright and sophisticated interiors are characterised by a neutral colour palette, with grey beige fabrics and light woods, accented with cognac leather and silver.<img src="https://photo-assets.superyachttimes.com/photo/328006/image/large-00b60f3b656d9f8f7abb8820db27c0f8.jpg" data-gid="gid://syiq/Photo/328006"><img src="https://photo-assets.superyachttimes.com/photo/328004/image/large-44e177a9b4b9381979594aa373ac67a6.jpg" data-gid="gid://syiq/Photo/328004">This <a href="https://www.superyachttimes.com/yachts/catamaran" rel="noopener noreferrer" target="_blank" title="">catamaran yacht for sale</a> also features ample deck space for al fresco dining, and expansive sunbeds, perfect for lounging. <img src="https://photo-assets.superyachttimes.com/photo/328021/image/large-4dd2eae9a710aa9a8c9f72bd38d79f87.jpg" data-gid="gid://syiq/Photo/328021"><img src="https://photo-assets.superyachttimes.com/photo/328020/image/large-41993d61c85f6ba77f981c723732dad3.jpg" data-gid="gid://syiq/Photo/328020">Powered by twin <a data-gid="gid://syiq/Company/1483" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cummins Inc. (Company)">Cummins</a> engines, this <a href="https://www.superyachttimes.com/yachts/sailing" rel="noopener noreferrer" target="_blank" title="">sailing yacht for sale</a> cruises at 9 knots and reaches a top speed of 15 knots.

27m Little Giant sailing catamaran for sale

The 26.82-metre sailing yacht Little Giant, is now for sale with Cornelius Kistler of The Catamaran Company.

The 37.8-metre <a data-gid="gid://syiq/Company/106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trinity Yachts (Company)">Trinity</a> motor yacht <a data-gid="gid://syiq/Yacht/1224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pursuit37.8m (124'0&quot;)Trinity Yachts2002">Pursuit</a> sold, with <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> brokers Henry Craven-Smith and Robert Vermilye introducing the buyer, and <a data-gid="gid://syiq/Company/2529" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Worth Avenue Yachts (Company)">Worth Avenue Yachts</a> brokers Shannon McCoy and Michael Mahan representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/297798/image/large-765373f8d3d38af52b192accb7a547b7.jpg" data-gid="gid://syiq/Photo/297798"><img src="https://photo-assets.superyachttimes.com/photo/297791/image/large-223803a5119241c8ed942af559e6e69c.jpg" data-gid="gid://syiq/Photo/297791">Delivered by her American shipyard in 2002, the flybridge yacht was previously named Haven. She features interiors created by <a data-gid="gid://syiq/Company/109" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dee Robinson Interiors (Company)">Dee Robinson Interiors</a> and <a data-gid="gid://syiq/Company/108" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Scott Carpenter (Company)">Scott Carpenter</a>, while her exterior design was penned in-house by <a data-gid="gid://syiq/Company/106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trinity Yachts (Company)">Trinity Yachts</a>. Additionally, the yacht <a data-gid="gid://syiq/Yacht/1224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pursuit37.8m (124'0&quot;)Trinity Yachts2002">Pursuit</a> benefitted from an extensive refit in 2022. <img src="https://photo-assets.superyachttimes.com/photo/286961/image/large-2f6aad588a0c21f907900e4b8ccbfe20.jpg" data-gid="gid://syiq/Photo/286961"><img src="https://photo-assets.superyachttimes.com/photo/286960/image/large-c126990b4d2f16d334fdc9a966236979.jpg" data-gid="gid://syiq/Photo/286960"><img src="https://photo-assets.superyachttimes.com/photo/286955/image/large-f085d807fc8e5ca18006e9660458955e.jpg" data-gid="gid://syiq/Photo/286955">At a volume of 267 GT, <a data-gid="gid://syiq/Yacht/1224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pursuit37.8m (124'0&quot;)Trinity Yachts2002">Pursuit</a> is capable of sleeping as many as 11 guests across her five stateroom configuration. The yacht can also support a crew of up to six members.<img src="https://photo-assets.superyachttimes.com/photo/286976/image/large-00f9404409aa6503c1d4977d43f810ee.jpg" data-gid="gid://syiq/Photo/286976"> <img src="https://photo-assets.superyachttimes.com/photo/297784/image/large-119b08751bcec050bc3f08d9d7baee00.jpg" data-gid="gid://syiq/Photo/297784"><img src="https://photo-assets.superyachttimes.com/photo/297786/image/large-a716b92bd63320c445e729c7aefe5a40.jpg" data-gid="gid://syiq/Photo/297786">Regarding her performance, <a data-gid="gid://syiq/Yacht/1224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pursuit37.8m (124'0&quot;)Trinity Yachts2002">Pursuit</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 that propel her to a cruising speed of 15 knots and a top speed of 18 knots. <img src="https://photo-assets.superyachttimes.com/photo/286977/image/large-2b5ac798c5b97fbd43e35bedb504f82b.jpg" data-gid="gid://syiq/Photo/286977"><img src="https://photo-assets.superyachttimes.com/photo/286973/image/large-33f563d238f3b1fc9069c6d4d7058215.jpg" data-gid="gid://syiq/Photo/286973">At the time of her sale, <a data-gid="gid://syiq/Yacht/1224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pursuit37.8m (124'0&quot;)Trinity Yachts2002">Pursuit</a> had a last known asking price of $5,750,000.<img src="https://photo-assets.superyachttimes.com/photo/286975/image/large-9d69e4c0a649cf751eeca1ad77d8712c.jpg" data-gid="gid://syiq/Photo/286975"> <img src="https://photo-assets.superyachttimes.com/photo/297795/image/large-fc2d99d4f78a82aad600fd4987f194e0.jpg" data-gid="gid://syiq/Photo/297795">

38m Trinity yacht Pursuit sold

The 37.8-metre Trinity motor yacht Pursuit sold, with Burgess introducing the buyer, and Worth Avenue Yachts representing the seller. 


38m Trinity motor yacht Pursuit sold

Monaco Yacht Show 2024 attendees

We take a look at the yachts which will be in attendance at this year's Monaco Yacht Show

Yachts attending the Monaco Yacht Show 2024

The 52-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/3796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ice Bear52.0m (170'7&quot;)Feadship1988">Ice Bear</a> is being offered for auction on 10 October in the United States by <a data-gid="gid://syiq/Company/6884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boathouse Auctions (Company)">Boathouse Auctions</a> and her brokerage central agent <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>. All bids will be shown in real time and the sale to the highest bidder will be final and unconditional. Upon the conclusion of the auction, the auction house moves immediately to closing, so the successful bidder can sail away in 30 days or less. Perfect for the start of the Caribbean season.<img src="https://photo-assets.superyachttimes.com/photo/261104/image/large-54086fe6ef5ca560c03db70009b108fa.png" data-gid="gid://syiq/Photo/261104"><a data-gid="gid://syiq/Yacht/3796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ice Bear52.0m (170'7&quot;)Feadship1988">Ice Bear</a> was delivered in 1988 by the Dutch shipyard with exterior styling by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a> and interior design from <a data-gid="gid://syiq/Company/288" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Paola D. Smith & Associates (Company)">Paola D. Smith &amp; Associates</a>. The yacht has a 614 GT and beam of 9.3-metres, offering her owner generous interior spaces with large lounges and guest areas. <img src="https://photo-assets.superyachttimes.com/photo/261109/image/large-3066f9db3ce02f9b4398a56314235809.png" data-gid="gid://syiq/Photo/261109"><img src="https://photo-assets.superyachttimes.com/photo/261106/image/large-64dca7910e6b9ba67219990b00c01122.png" data-gid="gid://syiq/Photo/261106">The superyacht can accommodate as many as 10 guests between five staterooms, with a large main deck master suite and four staterooms on the lower deck. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/261097/image/large-f29788993956f56205005803b9e35974.png" data-gid="gid://syiq/Photo/261097"><img src="https://photo-assets.superyachttimes.com/photo/261100/image/large-4c648740d8fb135f7d14f7b8281a115e.png" data-gid="gid://syiq/Photo/261100">Lead broker, Burgess' <a href="https://www.burgessyachts.com/en/meet-the-team/brokerage/kevin-kramer" target="_blank">Kevin Kramer</a>, describes what makes <a data-gid="gid://syiq/Yacht/3796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ice Bear52.0m (170'7&quot;)Feadship1988">Ice Bear</a> such a unique purchase opportunity; "<a data-gid="gid://syiq/Yacht/3796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ice Bear52.0m (170'7&quot;)Feadship1988">Ice Bear</a> has only ever been used privately, never chartered, and has always been professionally maintained so she’s in excellent condition. If it wasn’t for her classic styling, which is so emblematic of <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>, you’d never guess she was delivered in 1988. What makes this yacht so rare, though, is that she is one of the few sport fishing <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>'s I’ve ever seen. If sport fishing is your passion, this is the only yacht for you, absolutely tailor-made for the job and designed around that visceral connection with the ocean." <img src="https://photo-assets.superyachttimes.com/photo/261107/image/large-1563a6535c4495d61d6569c073a7b7e3.png" data-gid="gid://syiq/Photo/261107"><a data-gid="gid://syiq/Yacht/3796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ice Bear52.0m (170'7&quot;)Feadship1988"><img src="https://photo-assets.superyachttimes.com/photo/261110/image/large-0347f01b9d9c962a3e28a510bdcf20b0.png" data-gid="gid://syiq/Photo/261110">Ice Bear</a> underwent a <a data-gid="gid://syiq/Company/4135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Patton Marine Surveyors and Consultants (Company)">Patton Marine Survey</a> on 9 September 2024, with reports posted to the auction listing. Buyer due diligence is conducted during a four-week preview period, and prospective buyers are prequalified to bid by placing a deposit into an escrow account.<img src="https://photo-assets.superyachttimes.com/photo/261093/image/large-8f5d0d91f00940ad0b1274c260dea1d5.png" data-gid="gid://syiq/Photo/261093">Once the bidding opens, bids are shown in real time on the website for interested parties to watch. The sale to the highest bidder is final and unconditional. Upon the conclusion of the auction, the auction house moves immediately to closing, so you can sail away in 30 days or less.<img src="https://photo-assets.superyachttimes.com/photo/261091/image/large-4f1a2f079dc09e99e52a7208605a3122.png" data-gid="gid://syiq/Photo/261091">Jack Mahoney, <a data-gid="gid://syiq/Company/6884" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boathouse Auctions (Company)">Boathouse Auctions</a>, commented "We are very excited to be bringing <a data-gid="gid://syiq/Yacht/3796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ice Bear52.0m (170'7&quot;)Feadship1988">Ice Bear</a> to auction and for the collaboration with <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>. We feel this yacht is the perfect lot for our fall auction."

Ice Bear yacht for auction

The 52m Feadship superyacht Ice Bear is up for auction with Boathouse Auctions and Burgess.

52m Feadship superyacht Ice Bear for auction

<img src="https://photo-assets.superyachttimes.com/photo/328118/image/large-0179678c8e6bf3a54638c1fcbb000b95.jpg" data-gid="gid://syiq/Photo/328118">Spotted last Saturday cruising in IJmuiden, in the Netherlands, is the 65.2-metre superyacht <a data-gid="gid://syiq/Yacht/285" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nectar65.2m (213'11&quot;)Feadship2006">Nectar</a>, after recently completing an extensive refit. Delivered in 2006 by <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> in Aalsmeer, <a data-gid="gid://syiq/Yacht/285" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nectar65.2m (213'11&quot;)Feadship2006">Nectar</a> showcases classic exterior design by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a> and a sophisticated, fully-custom interior by <a data-gid="gid://syiq/Company/2" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Terence Disdale Design (Company)">Terence Disdale Design</a>. Previously known as Callisto, the motor yacht features a refreshing and neutral palette of golds and beiges, complemented by elegant light wood paneling. Accommodating up to 12 guests across six staterooms, her full-width owner's suite on the main deck is a standout, complete with a spacious office, day room, his-and-hers bathrooms, and a walk-in dressing area. With a gross tonnage of 1,306 GT, <a data-gid="gid://syiq/Yacht/285" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nectar65.2m (213'11&quot;)Feadship2006">Nectar</a> offers an expansive sundeck that includes a large Jacuzzi and expansive sunbathing terrace. Performance-wise, 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, achieving a top speed of 16 knots and a cruising speed of 14 knots.

65m Feadship superyacht Nectar in IJmuiden

The 65m superyacht Nectar, built by Feadship in 2006, is seen cruising in IJmuiden, The Netherlands. 

<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> have announced the appointment of Steven English as Chief Executive Officer of the company’s <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY Marinas</a> subsidiary (<a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>).&nbsp;Steven English previously worked as a Managing Director at Island Capital Group, where he served in senior asset management, principal investment and special situations roles. Following that role, English transitioned to a career in management consulting, overseeing teams that closed upward of $10 billion in transactions.In terms of his education, English graduated from The American University and received a Master of Business Administration jointly from HEC School of Management Paris, New York University, and the London School of Economics.<img src="https://photo-assets.superyachttimes.com/photo/327988/image/large-130a506eba026e29a4b4942d71628c82.jpg" data-gid="gid://syiq/Photo/327988">“Over my long association with <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>, I have had the privilege of working with a talented team dedicated to enhancing <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s position as the global leader in the marina industry, and delivering exceptional value to our clients and partners around the world,” English commented.&nbsp;Brett McGill, Chief Executive Officer and President of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> added: “Steve’s extensive international experience, proven industry leadership, and deep understanding of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s portfolio make him the ideal person to lead <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> into its next chapter of growth and innovation. Since joining <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> in 2007 he has contributed significantly to its success, helping extend our global reach to 23 marinas across 13 countries. Among his key accomplishments, Steve has spearheaded <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s expansion into key markets such as the Cote d’Azur and the Middle East, grown our <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Trident Program, and advanced IGY’s strategic alliances and brand worldwide.”“As CEO, I look forward to building on our success through new projects, such as <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a> Savannah Harbor Marina in the United States and Sindalah Island Marina, a new luxury destination in Saudi Arabia. These and other exciting initiatives embody the next phase of <a data-gid="gid://syiq/Company/5903" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IGY Marinas (Company)">IGY</a>’s innovation and growth, and I’m thrilled to be leading that effort for <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>,” English concluded.&nbsp;

Steven English appointed as IGY Marinas CEO 

MarineMax have announced that Steven English has been named as the Chief Executive Officer of the company’s IGY Marinas subsidiary (IGY). 


Steven English appointed as Chief Executive Officer of IGY Marinas

The new shipyard <a data-gid="gid://syiq/Company/7256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adele Yachts (Company)">Adele Yachts</a> have unveiled the first renderings of their 45-metre superyacht series. With the first two hulls in construction and hull one due for delivery in 2025, the <a data-gid="gid://syiq/Company/7256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adele Yachts (Company)">Adele Yachts</a> 45m series is listed on the market with Michel Chryssicopoulos of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>. <img src="https://photo-assets.superyachttimes.com/photo/327958/image/large-f4e92d42d4fba6ed00a12bc8075afe01.png" data-gid="gid://syiq/Photo/327958"><img src="https://photo-assets.superyachttimes.com/photo/327957/image/large-b7b4ef4d92d321242e7130d601976c8b.png" data-gid="gid://syiq/Photo/327957">The <a data-gid="gid://syiq/Company/7256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adele Yachts (Company)">Adele Yachts</a> 45m superyacht model features exterior design and interior design by Milan-based studio <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a>, as well as naval architecture penned in-house by her Turkish shipyard, <a data-gid="gid://syiq/Company/7256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adele Yachts (Company)">Adele Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/327943/image/large-00b055825a94b8bb6ba214307c1b781a.png" data-gid="gid://syiq/Photo/327943"><img src="https://photo-assets.superyachttimes.com/photo/327941/image/large-d7dd7475fc213d4318885f5d5b3acd11.png" data-gid="gid://syiq/Photo/327941">With a volume of just under 500 GT and a beam of 9.1-metres, the superyacht is able to host as many as 10 guests across her five stateroom layout. Separate living quarters are also available to support a crew of up to 11 members.<img src="https://photo-assets.superyachttimes.com/photo/327948/image/large-fd4ccc549b42421c823a28cd7674884b.png" data-gid="gid://syiq/Photo/327948"><img src="https://photo-assets.superyachttimes.com/photo/327945/image/large-bfafb3e0e5f71f807c146e2b5b2622b6.png" data-gid="gid://syiq/Photo/327945"><img src="https://photo-assets.superyachttimes.com/photo/327947/image/large-e8a776a71e911c712dd18673223ba3f0.png" data-gid="gid://syiq/Photo/327947">The master suite and included study, display a warm colour palette of ecru and beige, paired with a floor-length mirror, dark wooden floors, and modern art sculptures. Meanwhile, the bathrooms onboard the yacht include an ensemble of materials, such as marble and light wood.<img src="https://photo-assets.superyachttimes.com/photo/327951/image/large-a25b1505eba5342700a2e1aecfd26100.png" data-gid="gid://syiq/Photo/327951"><img src="https://photo-assets.superyachttimes.com/photo/327953/image/large-6eb55b04c012aa1084a4487b1304de9a.png" data-gid="gid://syiq/Photo/327953"><img src="https://photo-assets.superyachttimes.com/photo/327954/image/large-4ecdfba9d011244c981e32bfd3863e7b.png" data-gid="gid://syiq/Photo/327954">Inside the vessel’s saloon, those onboard are invited to recline on grey-coloured furnishings embellished with light turquoise accents while surrounded by floor-to-ceiling sliding glass doors that synthesise the saloon with the outdoor walkways. <img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/327944/image/large-5b276c9ddff4ff92993cde30032e67b7.png?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20240917%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20240917T174424Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=25f1f7498f807dea328f386ae4be1a13cf20eee6c57679fbff6a2710d9f0ce6a" data-gid="gid://syiq/Photo/327944"><img src="https://photo-assets.superyachttimes.com/photo/327946/image/large-ad10d2fbaca78a2cf1a01f91c7ec1339.png" data-gid="gid://syiq/Photo/327946">Boasting a steel displacement hull, the yacht is characterised by a streamlined profile. Guests are welcomed by a variety of opportunities for sunbathing, swimming or alfresco dining across the <a data-gid="gid://syiq/Company/7256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adele Yachts (Company)">Adele Yachts</a> 45m superyacht’s exterior decks with several dark grey seating arrangements, and a circular sundeck Jacuzzi. <img src="https://photo-assets.superyachttimes.com/photo/327943/image/large-00b055825a94b8bb6ba214307c1b781a.png" data-gid="gid://syiq/Photo/327943">Additionally, the yacht has a tender garage space capable of housing a five-metre tender and two Jet Skis. Performance-wise, the <a data-gid="gid://syiq/Company/7256" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Adele Yachts (Company)">Adele Yachts</a> 45m yacht is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines that propel her to a cruising speed of 13 knots. <img src="https://photo-assets.superyachttimes.com/photo/327940/image/large-6b3c79bfb935771118121bcc37934719.png" data-gid="gid://syiq/Photo/327940">

First look at Adele Yachts 45m yacht series 

The first interior renderings of the 45-metre Adele Yachts 45m superyacht series on the market have been unveiled. 


Mergers & Acquisitions

Voly Group announces acquisition of Pinpoint Works