Plymouth-based boat refit company Yacht Solutions Europe has gone into liquidation, with debts of more than £600,000 likely to remain unpaid.<img src="https://photo-assets.superyachttimes.com/photo/399628/image/large-90cdcccefd37fd95c414dc2c921b672b.jpg" data-gid="gid://syiq/Photo/399628">Yacht Solutions Europe focused on yacht refit and repairs, with services including engineering, retrofitting, carpentry, upholstery and upgrades. They worked on projects worldwide and opened a base in Florida, USA, in 2023.Yacht Solutions Europe was founded in 2021 by two former <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> employees, Paul Eccles and Dave Watson, after the collapse of a previous business, Yacht Solutions Worldwide Ltd.&nbsp;The assets were sold to Yacht Solutions Europe in a pre-pack deal and was dissolved in 2024, leaving debts of more than £282,000 unpaid, with the company now entering creditors’ voluntary liquidation.<img src="https://photo-assets.superyachttimes.com/photo/399629/image/large-a78e5de8571b860d8e0ffc83ed261014.jpg" data-gid="gid://syiq/Photo/399629">Documents filed on Companies House show assets of about £18,000 which will be used to pay nine employees and the pension scheme, however there is less than £1,000 left for other creditors, which include more than £176,000 owed to HM Revenue and Customs, nearly £85,000 owed to a lender, around £160,000 owed to six other banks and institutions and £82,500 owed to workers as unsecured creditors.There are 21 trade creditors claiming a combined £34,700, while the American arm Yacht Solutions USA is claiming £71,000. Yacht Solutions Europe’s statement of affairs also revealed that an estimated £608,522 will end up being unpaid.Steve Henson, Managing Director at Devon’s Castle Hill Insolvency, has been appointed joint-liquidator.

Yacht Solutions Europe enters liquidation

Yacht Solutions Europe worker at facility

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Yacht Solutions Europe has gone into liquidation, with debts of more than £600,000 likely to remain unpaid.

Yacht Solutions Europe enters liquidation with more than £600k unpaid debt

<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> has announced the appointment of Evan Kortmann as Chief Executive Officer, succeeding Enrico Theuns, who has led the company since 2023.<img src="https://photo-assets.superyachttimes.com/photo/399351/image/large-0b3b67f3579803bdd2cecd343234633d.jpg" data-gid="gid://syiq/Photo/399351">Theuns was originally appointed as CEO through a planned three-year transition following the retirement of founder Wim van der Valk in April 2024. During his tenure, <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> expanded into the 30 metre segment and further strengthened their position in the superyacht market.&nbsp;Read more: <a data-gid="gid://syiq/Article/60237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard announces retirement of founder and management buyout (2024-04-22 09:30:00 +0200)">Van der Valk Shipyard announces retirement of founder and management buyout</a><img src="https://photo-assets.superyachttimes.com/photo/314045/image/large-e3b7cc6745248f659ccfc2d9b2962713.jpg" data-gid="gid://syiq/Photo/314045">“Leading <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> over the past three years has been a rewarding experience,” commented Enrico Theuns. “I am proud of what we have accomplished together and grateful to our employees, clients, co-makers and partners for their commitment and support throughout this period.”Evan Kortmann joins the management team alongside Technical Director Bram Kooltjes and Commercial Director Yoeri Bijker. Theuns will remain involved during the coming months to &nbsp;ensure a smooth transition and support the handover of his responsibilities.Kortmann joins <a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> from <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> where he acted as Chief Executive Officer following the semi-retirement of Daan Balk in 2023. Evan joined Balk the year prior as Chief Commercial Officer before transitioning to CEO.&nbsp;Read more: <a data-gid="gid://syiq/Article/58021" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard appoints Evan Kortmann as CEO as Daan Balk steps down (2023-07-04 16:45:00 +0200)">Balk Shipyard appoints Evan Kortmann as CEO as Daan Balk steps down</a><img src="https://photo-assets.superyachttimes.com/photo/351424/image/large-efe5e4f30ffe75940f3be9e197745b18.jpg" data-gid="gid://syiq/Photo/351424">“<a data-gid="gid://syiq/Company/2948" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van der Valk Shipyard (Company)">Van der Valk Shipyard</a> has built a strong international reputation for delivering high-quality custom yachts,” explained Kortmann. “Our focus on fully custom yachts between 200 and 500 GT allows owners to create a yacht that reflects their individual requirements, while benefiting from the experience and craftsmanship of our team.”“I look forward to working with our clients, colleagues and partners as we continue developing the company and delivering yachts that meet the highest standards of quality and craftsmanship.”

Evan Kortmann appointed CEO of Van der Valk Shipyard

Van der Valk Shipyard has announced the appointment of Evan Kortmann as Chief Executive Officer.

Van der Valk Shipyard appoints Evan Kortmann as CEO

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has been granted 60 days to submit its final restructuring plan after the Court of Florence formally opened proceedings under Article 44 of Italy's Crisis and Insolvency Code.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">The court approved the company's application, filed on 1 July, and appointed three judicial commissioners to oversee the process. In its order, the court said <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> proposed restructuring appears to be structured with the objective of preserving the company as a going concern.The company said business activities will continue as normal under the protection of court-ordered measures that prevent creditor enforcement actions during the restructuring. The 60-day deadline may be extended by the court if necessary.<img src="https://photo-assets.superyachttimes.com/photo/299411/image/large-fafd2b9bd13d4cf6c4cf377a2ccb8a27.png" data-gid="gid://syiq/Photo/299411">The filing marks a further step in <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG’s</a> restructuring process after the company said it could no longer pursue a turnaround solely within Italy’s negotiated settlement framework. Its board resolved on 30 June to seek protection under Article 44, with the application filed the following day.Read: <a data-gid="gid://syiq/Article/66451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG reports over €178 million net financial debt in latest restructuring update (2026-07-01 09:15:00 +0200)">TISG reports over €178 million net financial debt in latest restructuring update</a>In a recent market update, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> disclosed consolidated net financial debt of approximately €178.7 million and €266.8 million in overdue liabilities as of 31 May 2026. The company also confirmed that accumulated losses had <a href="https://www.superyachttimes.com/yacht-news/tisg-enters-restructuring-phase-share-capital-below-legal-minimum" target="_blank">reduced its share capital below the legal minimum</a> required under Italian law.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">Read more:&nbsp;<a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a>Despite missed loan repayments, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> said its lending banks have not accelerated outstanding borrowings while restructuring negotiations continue. The company has also received a €25 million interest-free shareholder loan from controlling shareholder GC Holding to support liquidity during the process.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, which owns the <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a>, <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>, <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> and <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brands, said it will continue operating its new-build and refit businesses while it prepares the restructuring proposal.

TISG granted 60 days to file restructuring plan

The Italian Sea Group (TISG) has been granted 60 days to submit its final restructuring plan.

French catamaran builder <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> has announced a planned leadership transition, with Chief Executive Officer Nicolas Gardies set to retire in 2027 after overseeing the company's development for several years.<img src="https://photo-assets.superyachttimes.com/photo/336108/image/large-030539c248d560fb467ce7d5ce4321c0.png" data-gid="gid://syiq/Photo/336108">The governance changes come as the group, which includes the <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Sailing Catamarans, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot Yachts</a> and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands, prepares for its next phase of growth ahead of its 50th anniversary.Gardies will progressively transition his responsibilities over the coming months to ensure continuity within the business, with Deputy Chief Executive Officer Mathieu Fountaine tasked by the Board of Directors with supporting the next phase of the group's long-term development strategy.The Board has also appointed Stéven Guedeu as Deputy Chief Executive Officer. Guedeu joined the company in 2011and has held a number of commercial leadership positions in the development of both the <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands. In his new role, he will oversee the group's sales and marketing activities, while supporting the execution of its long-term strategy.After more than 20 years, Deputy Chief Executive Officer Romain Motteau’s role has not been renewed. <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> stated that Motteau will continue to oversee the group's international activities, while working on a new strategic project, which is expected to be announced in the coming months.<img src="https://photo-assets.superyachttimes.com/photo/370998/image/large-1dccbc7db8fe06ebede4b4e471e38bab.png" data-gid="gid://syiq/Photo/370998">The company has also expanded its Executive Committee, which now comprises Nicolas Gardies, Mathieu Fountaine, Stéven Guedeu, Group Industrial Director Johan Le Saux, Supply Chain &amp; IT Director Vladimir Popov, Chief Financial Officer Betty Roger, Human Resources Director Mélanie Pouplier and Group Purchasing Director Déborah Pligot.In addition, Jordan Sabot has been appointed Communication &amp; Digital Director, succeeding Hélène de Fontainieu following her 32 years with the company. Sabot will be responsible for leading the group's communications strategy, supporting its international development and accelerating its digital transformation.The governance changes follow the publication of <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a>'s first-half fiscal 2025/26 results, during which the group reported revenue of €136.3 million while maintaining positive profitability. The company said it will continue investing in product development, innovation, the energy transition and the continued growth of its Fountaine Pajot Sailing Catamarans, <a data-gid="gid://syiq/Company/7778" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fountaine Pajot (Company)">Fountaine Pajot</a> Yachts and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a> brands.

Fountaine Pajot CEO Nicolas Gardies to step down

Fountaine Pajot has announced a planned leadership transition, with Chief Executive Officer Nicolas Gardies set to retire in 2027.

Fountaine Pajot CEO Nicolas Gardies to step down following leadership transition

NextBoat has announced a strategic partnership with <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, under which the US-based boating and yacht retailer will adopt <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s AI-powered wholesale platform for the sale of its trade-in and pre-owned inventory.<img src="https://photo-assets.superyachttimes.com/photo/390341/image/large-be765afb7248df37e9b507deb714d575.jpg" data-gid="gid://syiq/Photo/390341">The agreement marks the first time that an enterprise dealer group has adopted the platform as its preferred wholesale partner. Under the arrangement, pre-owned inventory will be evaluated, marketed and sold through <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s nationwide network of wholesale buyers.<a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates more than 120 locations worldwide and generated more than $2.3 billion in annual revenue. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> believes the partnership will increase transaction volumes across its platform while supporting the growth of its marketplace, data and financing businesses.According to the company, the platform is designed to modernise the wholesale and trade-in process through the use of artificial intelligence, real-time transaction data and a digital marketplace. Features include AI-powered vessel valuations, nationwide wholesale bidding, transaction management tools, automated workflows, inventory analytics and integrated financing and insurance solutions.As part of the agreement, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>'s finance and insurance division, Newcoast, will provide financing and insurance services for transactions originating through the platform. <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> said this has the potential to generate recurring revenue through financing activity and insurance policy renewals as transaction volumes increase.“For 15 years, I've believed the marine industry deserved the same technology, transparency and scale that transformed automotive retail,” said Jason Ruegg, Founder and Executive Chairman of <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>.&nbsp;“Today, the largest and most respected company in our industry has chosen to deploy the platform we built. We believe that validation speaks not only to what NextBoat has built, but to where this industry is headed.”Ruegg added that the agreement represents the beginning of the enterprise-scale deployment of the company's platform, with financing and insurance expected to become an increasingly important source of recurring revenue.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">In May 2026, it was announced that online marine marketplace <a data-gid="gid://syiq/Article/66120" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yacht Sales to rebrand as NextBoat (2026-05-19 16:45:00 +0200)">Off The Hook Yacht Sales would officially rebrand</a> as <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a> Inc, effective on or about 29 May 2026. The rebrand aimed to reflect the company’s evolution from a traditional yacht brokerage business, into an AI-powered technology platform.As well as this, <a data-gid="gid://syiq/Article/66089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts completes acquisition of Apex Marine Group (2026-05-14 16:30:00 +0200)">Off The Hook Yachts announced it had completed the acquisition</a> of marine, service and storage company, Apex Marine Group. Off The Hook Yachts believes that the Apex acquisition opens the door for additional partnerships, as it expands both its sales and service platforms.Kyle Langbehn, Executive Vice President and President of Retail Operations at <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>, commented: “By integrating <a data-gid="gid://syiq/Company/5921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Off The Hook Yachts (Company)">NextBoat</a>'s advanced technology into our pre-owned retail platform, we believe we can improve efficiency while continuing to deliver exceptional service to our customers.”

NextBoat launches strategic partnership with MarineMax 

NextBoat has announced a partnership with MarineMax for the sale of its trade-in and pre-owned inventory using its AI-powered wholesale platform.

<a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Balk Shipyard</a> has announced the appointment of Niels Lensen as Sales Director, effective 1 July 2026.<img src="https://photo-assets.superyachttimes.com/photo/398953/image/large-abfc046002b73174bf9884b16561e472.jpg" data-gid="gid://syiq/Photo/398953">Bringing more than three decades of experience across the yachting industry, Niels Lensen will be responsible for all commercial activities at <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> and is the new primary point of contact for yacht refits, ReCrafts, or class surveys.Lensen has worked across the industry in brokerage, new construction, surveys, management, charter, maintenance and refit roles, both in the Netherlands and the Mediterranean.&nbsp;In 2015, Lensen founded <a data-gid="gid://syiq/Company/4837" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="NL Marine (Company)">NL Marine</a>, a boutique brokerage house operating between the Netherlands and the French Côte d'Azur, as well as previously holding sales directorships for <a data-gid="gid://syiq/Company/104" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jongert Yachts (Company)">Jongert</a> and <a data-gid="gid://syiq/Company/359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lengers Yachts (Company)">Lengers Yachts</a> France. <img src="https://photo-assets.superyachttimes.com/photo/398954/image/large-4595b189d7933b2c017c760f19863c4b.jpg" data-gid="gid://syiq/Photo/398954">“<a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> has long set the standard for serious refit and ReCraftTM work in the Netherlands, and I am honoured to be joining the team,” explained Lensen. “The craftsmanship, the facilities in Urk, the calibre of projects that come through the yard are a compelling combination. I very much look forward to working with clients who share that same passion for doing things properly.”ReCraftTM refers to <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a>’s registered trademark and reflects their expertise in transforming existing yachts through extensive refit, redesign and technical upgrades, allowing them to restore a yacht to a condition that they believe rivals or even surpasses new-build standards.Lensen will be available throughout the 2026 yacht show season alongside the <a data-gid="gid://syiq/Company/434" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Balk Shipyard (Company)">Royal Balk Shipyard</a> team at the <a data-gid="gid://syiq/Event/336" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2026">Cannes Yachting Festival</a>, <a data-gid="gid://syiq/Event/338" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2026">Monaco Yacht Show</a>, <a data-gid="gid://syiq/Event/346" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Metstrade - 2026">Metstrade</a>, <a data-gid="gid://syiq/Event/340" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale International Boat Show - 2026">Fort Lauderdale International Boat Show</a> and <a data-gid="gid://syiq/Event/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2026">Palm Beach International Boat Show</a>.

Royal Balk Shipyard appoints Niels Lensen as Sales Director

Balk Shipyard has announced the appointment of Niels Lensen as Sales Director, effective 1 July 2026.

<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group (TISG)</a> has released an updated market disclosure outlining its financial position as of 31 May 2026, providing further insight into the Italian superyacht builder's ongoing restructuring process.<img src="https://photo-assets.superyachttimes.com/photo/306419/image/large-23e9c0556425fdb09d6ac0efd3046cf3.jpg" data-gid="gid://syiq/Photo/306419">The filing, published at the request of Italian financial regulator Consob, follows <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> entry into Italy's Negotiated Crisis Settlement procedure in March after the company disclosed internal financial irregularities. It comes weeks after the builder confirmed that accumulated losses had reduced its share capital below the statutory minimum required under Italian law.Read more:&nbsp;<a data-gid="gid://syiq/Article/66150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TISG enters restructuring phase after share capital falls below legal minimum (2026-05-22 11:15:00 +0200)">TISG enters restructuring phase after share capital falls below legal minimum</a>As of 31 May 2026, the <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG Group</a> reported a consolidated net financial debt of around €178.7 million, including over €154.6 million in bank debt and cash and cash equivalents of approximately €7.5 million. The parent company, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG S.p.A</a>, reported a net financial debt of over €179.6 million.The disclosure also details €266.8 million in overdue liabilities across the group. This comprises over €42.6 million in overdue financial liabilities, over €77.6 million in trade payables, around €98 million owed to factoring companies, over €29.3 million in tax liabilities and over €18.1 million in social security liabilities.<img src="https://photo-assets.superyachttimes.com/photo/278854/image/large-10473eb6d3fdc1c0fbd3a7cdaa4e5d83.jpg" data-gid="gid://syiq/Photo/278854">According to <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, although the missed repayment of certain loan instalments entitles its lending banks to declare all outstanding borrowings immediately due, they have not exercised this right while negotiations continue under the court-supervised restructuring process.The company also revealed that it has received 30 payment orders from creditors since entering the restructuring procedure on 16 March, representing claims totalling approximately €2 million. Of these, 22 have been settled for an agreed amount of €408,000, while several others have either been challenged, are under negotiation or will be addressed as part of wider financial restructuring discussions.<img src="https://photo-assets.superyachttimes.com/photo/299411/image/large-fafd2b9bd13d4cf6c4cf377a2ccb8a27.png" data-gid="gid://syiq/Photo/299411">The filing confirms that <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> remains protected by measures granted by the Court of Florence on 20 April, which remain in force until 14 July 2026. The company said these measures continue to stay enforcement actions by creditors covered by the court order while negotiations with lenders and other stakeholders progress.Read more:&nbsp;<a data-gid="gid://syiq/Article/65905" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group secures court protection amid company restructuring (2026-04-21 09:30:00 +0200)">The Italian Sea Group secures court protection amid company restructuring</a>The update also provides further details on the €25 million interest-free shareholder loan granted by <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG's</a> controlling shareholder, GC Holding S.p.A. The company said the funding was introduced after cost overruns across the majority of its yacht construction contracts reduced operating margins and placed significant pressure on cash flow while production continued on vessels under construction.The shareholder loan is subordinated to the company's bank debt and is repayable by 31 December 2032.An Ordinary Shareholders' Meeting has been convened for 22 July 2026 to consider the company's financial position and the measures required to restore its share capital.<img src="https://photo-assets.superyachttimes.com/photo/330852/image/large-4bf3eaa2517d3433bc0352c08e9306b0.jpg" data-gid="gid://syiq/Photo/330852">Moreover, the company’s Board of Directors, which met on 30 June 2026, resolved to file a petition pursuant to Article 44 of Legislative Decree No. 14/2019 (the so-called “domanda prenotativa”), in order to access protective legal measures and safeguard business continuity.The decision follows recent developments in discussion with shipowners, which the company said no longer made it possible to pursue a turnaround solely within the framework of the negotiated settlement procedure. The filing, expected to take place immediately, will allow the company to operate under court protection while preparing a restructuring plan.<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> owns the <a data-gid="gid://syiq/Company/570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Admiral (Company)">Admiral</a>, <a data-gid="gid://syiq/Company/511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tecnomar (Company)">Tecnomar</a>, <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> and <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brands, and continues to operate its new-build and refit businesses while the restructuring process remains ongoing.

The Italian Sea Group reports financial debt

The Italian Sea Group (TISG) has released an updated market disclosure outlining its financial position as of 31 May 2026.

TISG reports over €178 million net financial debt in latest restructuring update 

US-based boating and yacht retailer <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has completed the refinancing of its $1.49 billion senior secured credit facilities.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">The company has replaced its existing loans with a new financing package designed to lower borrowing costs, increase financial flexibility and extend the repayment deadline to June 2031.The refinancing includes a $950 million inventory financing facility, a $302.5 million term loan, a $150 million revolving credit facility, which replaces a $100 million facility and an $85 million delayed draw mortgage facility, of which $35 million is currently outstanding and replaces the previous $100 million facility.“This refinancing strengthens our financial position by lowering our borrowing costs, extending our maturity and providing additional liquidity to support the continued execution of our long-term strategy,” explained Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.The financings were led by M&amp;T Bank as Administrative Agent and Joint Lead Arranger, along with Wells Fargo Commercial Distribution Finance as Joint Lead Arranger and Floor Plan Agent.“Successfully completing this transaction on improved terms in today’s marine industry environment underscores the strength of our lender relationships and reflects the confidence they have in our operating performance, disciplined capital allocation, healthy balance sheet and management team,” concluded McLamb.&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">In May 2026</a>, Reuters reported that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> was preparing for a potential sale of the company. One potential buyer had raised its offer and one prominent private equity firm was conducting due diligence, with the <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> board of directors agreeing to move forward with a sale process.Read more:&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">MarineMax explores potential sale as Donerail raises its bid</a>Headquartered in Clearwater, Florida, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates 65 marinas and storage locations, alongside 70 dealerships, offering yachts for sale, as well as marine services through its acquisition of <a data-gid="gid://syiq/Company/2184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Island Global Yachting (Company)">Island Global Yachting (IGY)</a> in 2022, as well as <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>.&nbsp;

MarineMax refinances $1.49 billion credit facilities

MarineMax has completed the refinancing of its $1.49 billion senior secured credit facilities.

MarineMax refinances $1.49 billion credit facilities, extending debt maturity to 2031

Spanish refit and repair specialist <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a> has announced the appointment of Enrique Tintore as its new Commercial Director.<img src="https://photo-assets.superyachttimes.com/photo/397920/image/large-eafb40a43f57108f116704f5b6a5a5fb.jpg" data-gid="gid://syiq/Photo/397920">Tintore joins the Palma-based shipyard with a background in Marine Engineering and Naval Architecture, bringing extensive technical expertise and experience within the international superyacht sector.Prior to joining <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a>, Tintore spent nearly a decade at <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>, where he was involved in the development and delivery of several innovative projects across the company's yacht portfolio, including the first Xplorer 60 yacht <a data-gid="gid://syiq/Yacht/11078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You60.2m (197'6&quot;)Damen Yachting2025">After You</a> and her YS53 yacht support <a data-gid="gid://syiq/Yacht/12677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emotional53.25m (174'8&quot;)Damen Yachting2025">Emotional</a>.&nbsp;Read more: <a data-gid="gid://syiq/Article/64071" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting completes double delivery with Xplorer 60 After You and YS53 Emotional (2025-08-21 11:30:00 +0200)">Damen Yachting completes double delivery with Xplorer 60 After You and YS53 Emotional</a><img src="https://photo-assets.superyachttimes.com/photo/333944/image/large-076b8d514006d5235b5d3cf442ea37e6.jpg" data-gid="gid://syiq/Photo/333944">In his new role, Tintore will support <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a>'s commercial activities and strategic development as the shipyard continues to expand its position within the global superyacht refit and maintenance market.Founded in 1942, <a data-gid="gid://syiq/Company/211" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astilleros de Mallorca S.A. (Company)">Astilleros de Mallorca</a> is one of the Mediterranean's leading refit facilities, providing maintenance, repair and conversion services for superyachts and commercial vessels from its facilities in Palma de Mallorca.

Enrique Tintore appointed as Commercial Director at Astilleros de Mallorca

Astilleros de Mallorca has announced the appointment of Enrique Tintore as its new Commercial Director.

Astilleros de Mallorca appoints Enrique Tintore as Commercial Director

<a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata Group’s</a> 28-metre foiling yacht, <a data-gid="gid://syiq/YachtModel/17195" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler Ghost28.0m (91'10&quot;)">Ghost</a>, will be built at the company’s new Abu Dhabi headquarters and manufacturing facility. The expansion has been announced alongside a $20 million investment in advanced production technology.<img src="https://photo-assets.superyachttimes.com/photo/378710/image/large-1fe37a7ffb6584ffd857ab156ba7776b.jpg" data-gid="gid://syiq/Photo/378710">The UAE-based manufacturer said the waterfront site will strengthen its ability to test and manufacture next-generation products, including <a data-gid="gid://syiq/YachtModel/17195" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler Ghost28.0m (91'10&quot;)">Ghost</a>. She was unveiled at the Abu Dhabi International Boat Show last year and is scheduled for launch in 2029.Read: <a data-gid="gid://syiq/Article/64805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Foiler unveils 28m foiling yacht concept Ghost (2025-11-20 14:30:00 +0100)">Foiler unveils 28m foiling yacht concept Ghost</a>Located along 200 metres of waterfront, the new complex will be equipped with high-precision robots, gantry systems, micron-accuracy machines, and metal 3D-printing technology, supporting <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata's</a> expansion into advanced marine, aerospace, and industrial manufacturing.<img src="https://photo-assets.superyachttimes.com/photo/378707/image/large-265679a4fb63b863fa0c56522f57ed7a.jpg" data-gid="gid://syiq/Photo/378707">The move follows the company’s strategic partnership with Ajyal Holding. <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata Group</a> CEO Aloïs Vieujot commented on the expansion: "We are very proud to be moving our headquarters to Abu Dhabi. This move will expand our capabilities and capacity, and reinforces our commitment to the UAE. It also reflects the resilience of the Emirates, demonstrated time and again.”One of the key features of the 100,000-square-metre complex will be dry dock and refit capabilities for yachts of up to 60-metres, alongside facilities for other vessel types. More than 20,000-square-metres will be dedicated to marine production.<img src="https://photo-assets.superyachttimes.com/photo/378709/image/large-fdd71e2c0e5a46f9e357291dae6c5c09.jpg" data-gid="gid://syiq/Photo/378709">Moreover, the site will also house <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata’s</a> engineering and R&amp;D facilities, as well as dedicated areas for composite manufacturing, machinery, aerospace production, automotive production, and a guest experience centre. An academy and dedicated incubator space also aims to support the UAE's industrial growth and innovation across <a data-gid="gid://syiq/Company/5737" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Enata Marine (Company)">Enata’s</a> core sectors.<img src="https://photo-assets.superyachttimes.com/photo/378706/image/large-900c80410be97019a0d30f4cc2d14b86.jpg" data-gid="gid://syiq/Photo/378706">“We will place strong emphasis on innovation and partnerships through our incubator and academy, which will open within the new site to accelerate growth in the aerospace and marine industries," Aloïs concluded.Construction of the complex is scheduled to begin in summer 2026, with completion expected in 2027.

Enata new Abu Dhabi complex

Enata Group's 28-metre foiling yacht, Ghost, will be built at the company's new Abu Dhabi headquarters and manufacturing facility.


28m foiling yacht Ghost to be built in Enata’s new Abu Dhabi facility

<a data-gid="gid://syiq/Company/4585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Idea Yachting (Company)">Idea Yachting</a> has announced the appointment of Gianluca Magini as Yacht Broker. He brings more than 35 years of industry experience to the role.<img src="https://photo-assets.superyachttimes.com/photo/399630/image/large-60c4bafd1fb33034f3fce28e0d1cd9cf.png" data-gid="gid://syiq/Photo/399630">According to the company, Gianluca’s appointment will strengthen its presence across the Mediterranean. Introduced to the world of boating from an early age, he has built his entire career around the industry. He began his career with Ilver, where he gained hands-on experience through yacht refits, deliveries and participation in leading international boat shows.Moreover, Gianluca has been delivering yachts throughout the Mediterranean, particularly to Sardinia and Corsica since 1986. Through this experience, he was able to develop extensive technical expertise and nurture long-standing industry relationships. He later founded his own company in 2000, becoming an official Rodman dealer before going on to represent <a data-gid="gid://syiq/Company/79" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Platinum Yachts FZCO (Company)">Platinum Yachts</a>.Fluent in Italian, English, French and Spanish, Gianluca is currently based in Lavagna and is positioned to assist <a data-gid="gid://syiq/Company/4585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Idea Yachting (Company)">Idea Yachting's</a> international clients.Photo courtesy of&nbsp;<a data-gid="gid://syiq/Company/4585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Idea Yachting (Company)">Idea Yachting</a>.

Gianluca Magini Idea Yachting Yacht Broker

Idea Yachting has announced the appointment of Gianluca Magini as yacht broker.

Gianluca Magini joins Idea Yachting as Yacht Broker

The 40.05-metre <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> motor yacht <a data-gid="gid://syiq/Yacht/5947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aroha40.05m (131'5&quot;)Sunseeker2016">Aroha</a> has been sold. <a data-gid="gid://syiq/Company/2429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Absolute Yachting (Company)">Absolute Boat</a> introduced the buyer, while Ed Dickinson of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>, in a joint central agency with Matthew Ruane of <a data-gid="gid://syiq/Company/2989" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cecil Wright (Company)">Cecil Wright &amp; Partners</a>, represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/333378/image/large-949e06eb85c9e3662f392d4844bef3b4.png" data-gid="gid://syiq/Photo/333378"><a data-gid="gid://syiq/Yacht/5947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aroha40.05m (131'5&quot;)Sunseeker2016">Aroha</a> is the fourth hull in the Sunseeker 131 series and was delivered in 2016. She features three decks, with a sleek exterior and inviting interior, both designed by the British shipyard.Inside, her modern interiors are distinguished by floor-to-ceiling windows that illuminate satin-finished American walnut wall panels. A palette of silver and grey tones is complemented by Fendi furnishings. Her skylounge serves as a secondary social space, complete with a home cinema setup, a waterfall feature and a wet bar.With a volume of 342GT, <a data-gid="gid://syiq/Yacht/5947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aroha40.05m (131'5&quot;)Sunseeker2016">Aroha</a> accommodates up to 12 guests across five staterooms. Her layout comprises a full-beam master suite on the main deck and four guest suites on the lower deck. The sundeck features a custom bar, Jacuzzi and sunpads, while a private seating area is located on the bow.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, <a data-gid="gid://syiq/Yacht/5947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aroha40.05m (131'5&quot;)Sunseeker2016">Aroha</a> has a cruising speed of 18 knots and a top speed of 23 knots.&nbsp;She had a last known asking price of €11,995,000 at the time of her sale.Photo courtesy of&nbsp;<a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.

Sunseeker yacht Aroha sold

The 40.05-metre Sunseeker motor yacht Aroha has been sold.

40m Sunseeker superyacht Aroha sold

The 24.6-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/17222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jr 2823.6m (77'5&quot;)Azimut Yachts2020">Jr 28</a> has been listed on the market with Matt Palmer and Edoardo Turati of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>. Delivered in 2020, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is the final <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> 77S ever delivered. <img src="https://photo-assets.superyachttimes.com/photo/399499/image/large-f25d9db87cb1487a4f7095ae1488818b.jpeg" data-gid="gid://syiq/Photo/399499">The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features exterior design by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/436" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeazzi Design (Company)">Galeazzi Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/399572/image/large-c8d297fa1d58e4e6aab2c47ca6dae062.jpg" data-gid="gid://syiq/Photo/399572" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Constructed with a carbon fibre superstructure,&nbsp;<a data-gid="gid://syiq/Yacht/17222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jr 2823.6m (77'5&quot;)Azimut Yachts2020">Jr 28</a>&nbsp;is lightweight build with a sporty profile and the convertible Sport Fly configuration. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> has been privately owned since new, and has been maintained by a single owner.<img src="https://photo-assets.superyachttimes.com/photo/399552/image/large-23c395b161cf754e2fad53bc81d5aba9.jpg" data-gid="gid://syiq/Photo/399552" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/399523/image/large-30b541ae69b2df8f4369453df678e88e.jpg" data-gid="gid://syiq/Photo/399523">In terms of outdoor living, <a data-gid="gid://syiq/Yacht/17222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jr 2823.6m (77'5&quot;)Azimut Yachts2020">Jr 28</a> boasts an aft cockpit arranged for alfresco dining, while the Sport Fly houses a secondary helm station, lounge seating and sun pads. Forward, a spacious sunbathing area is complemented by generous lounge seating, while her hydraulic swim platform grants easy access to the water, and can accommodate a tender of up to 3.85-metres alongside a Jet Ski.<img src="https://photo-assets.superyachttimes.com/photo/399553/image/large-1985ae807023835aaf3528666542bc11.jpg" data-gid="gid://syiq/Photo/399553">Stepping inside, the <a data-gid="gid://syiq/Yacht/17222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jr 2823.6m (77'5&quot;)Azimut Yachts2020">yacht Jr 28 for sale</a> embraces a bright, contemporary interior by <a data-gid="gid://syiq/Company/436" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeazzi Design (Company)">Carlo Galeazzi</a>, featuring soft neutral furnishings, dark wood cabinetry and light carpeting. Her open-plan main saloon leads to a formal dining area, while floor-to-ceiling windows introduce abundant natural light throughout her living spaces.<img src="https://photo-assets.superyachttimes.com/photo/399504/image/large-383ad92270926d8d12b90c4720e55a9f.jpg" data-gid="gid://syiq/Photo/399504" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><img src="https://photo-assets.superyachttimes.com/photo/399577/image/large-cd7ef54ebe1d8d123dd1ba24801b568d.jpg" data-gid="gid://syiq/Photo/399577">With a beam of 5.5-metres and interior volume of 85 GT, accommodation onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=azimut" rel="noopener noreferrer" target="_blank" title="">Azimut yacht for sale</a> is arranged for up to nine guests across four well-appointed staterooms, including a full-beam owner's suite, a forward VIP stateroom and two twin guest staterooms, one of which features an additional Pullman berth. Moreover, separate quarters sleep up to three crew members. <img src="https://photo-assets.superyachttimes.com/photo/399509/image/large-7108f9e1dc5d6637293c8fbf18e88516.jpg" data-gid="gid://syiq/Photo/399509"><img src="https://photo-assets.superyachttimes.com/photo/399518/image/large-8f998c58354f2a1502901e3740c27192.jpg" data-gid="gid://syiq/Photo/399518">In terms of performance,<a data-gid="gid://syiq/Yacht/17222" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jr 2823.6m (77'5&quot;)Azimut Yachts2020">&nbsp;Jr 28</a> is powered by triple <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> engines, delivering a cruising speed of 25 knots and a top speed of 35 knots. <img src="https://photo-assets.superyachttimes.com/photo/399569/image/large-75f6c9a0e3701ef51e707f3c27986a14.jpg" data-gid="gid://syiq/Photo/399569"><img src="https://photo-assets.superyachttimes.com/photo/399570/image/large-a3bcb6e6ff591da3387cf9dd1faa307c.jpg" data-gid="gid://syiq/Photo/399570">

24m Azimut motor yacht Jr 28 for sale

The 24m Azimut 77S motor yacht JR 28 is for sale with Northrop & Johnson. Delivered in 2020, she is the final Azimut 77S ever delivered. 


<a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Yachts</a> has announced the sale of the first 24-metre <a data-gid="gid://syiq/Yacht/17224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi TD7924.0m (78'9&quot;)Tureddi Group Limited2027">Tureddi TD79</a> yacht, representing the fifth new-build yacht sold by <a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Yachts</a> in 2026. <img src="https://photo-assets.superyachttimes.com/photo/399606/image/large-c9fb59e8ec9db37d58d53bfff4a6fc75.jpg" data-gid="gid://syiq/Photo/399606">Conceived as a fully custom aluminium yacht, the <a data-gid="gid://syiq/Yacht/17224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi TD7924.0m (78'9&quot;)Tureddi Group Limited2027">Tureddi TD79</a> yacht combines lightweight construction with long-range cruising capabilities. She features interior and exterior design developed by Leonardo Cecchi of <a data-gid="gid://syiq/Company/6683" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yellow Addition (Design Studio) (Company)">Yellow Addition</a> in collaboration with <a data-gid="gid://syiq/Company/8757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="3-Studio (Company)">3-Studio</a>.“The <a data-gid="gid://syiq/Yacht/17224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi TD7924.0m (78'9&quot;)Tureddi Group Limited2027">Tureddi TD79</a> represents another important step in the expansion of <a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Yachts</a> into different market segments, while maintaining the same uncompromising standards of quality, craftsmanship and innovation that define every yacht we build,” explained Alessandro Tureddi, CEO of the <a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Group</a>.Described by <a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Yachts</a> as a contemporary platform, the <a data-gid="gid://syiq/Yacht/17224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi TD7924.0m (78'9&quot;)Tureddi Group Limited2027">Tureddi TD79</a> yacht is entirely customisable to her owner’s requirements. She offers generous interior and exterior spaces, high operational efficiency and flexibility without compromise.“I personally followed this project from its earliest stages, establishing a direct relationship with the client throughout the process,” added Tureddi. “Seeing that relationship evolve into another successful contract makes this achievement particularly meaningful.”Construction of the first <a data-gid="gid://syiq/Yacht/17224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi TD7924.0m (78'9&quot;)Tureddi Group Limited2027">Tureddi TD79</a> is progressing according to schedule, with delivery planned for spring 2027.According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, <a data-gid="gid://syiq/Company/7053" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tureddi Group Limited (Company)">Tureddi Yachts</a> has several yachts in-build including the first 36.7-metre <a data-gid="gid://syiq/Article/64820" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Construction begins on first Tureddi Azzurra 36 superyacht (2025-11-21 18:00:00 +0100)">Azzurra 36 yacht</a>, the 27.7-metre Tureddi 92 yacht and the 27-metre <a data-gid="gid://syiq/Article/65732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First full custom Tureddi Yachts TD27 yacht sold (2026-03-30 09:30:00 +0200)">Tureddi TD27 yacht</a>.&nbsp;

Tureddi TD79: First yacht sold

Tureddi Yachts has announced the sale of the first 24-metre Tureddi TD79 yacht, with a delivery date of spring 2027.

First 24m new-build Tureddi TD79 yacht sold

The <a data-gid="gid://syiq/Yacht/13735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shabby43.85m (143'10&quot;)Azimut Yachts2026">first Azimut Grande 44M</a> has been launched at the Italian shipyard's facilities in Viareggio, with SuperYacht Times in attendance. The 43.85-metre motor yacht is the first hull of the largest model ever produced by <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> and is set to make her public debut at the upcoming <a data-gid="gid://syiq/Company/4556" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival (Company)">Cannes Yachting Festival</a> in September this year.The Azimut Grande 44M was first unveiled at the <a data-gid="gid://syiq/Event/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2024">2024 Palm Beach International Boat Show</a>, with seven units now sold.<img src="https://photo-assets.superyachttimes.com/photo/399616/image/large-add3361c5917cbfb9b8bd9a4443fc43b.jpg" data-gid="gid://syiq/Photo/399616">Read: <a data-gid="gid://syiq/Article/60031" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut unveils flagship Grande 44M yacht at PBIBS 2024 (2024-03-25 11:30:00 +0100)">Azimut unveils flagship Grande 44M yacht at PBIBS 2024&nbsp;</a>The Azimut Grande 44M features exterior design by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/5407" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="m2atelier (Company)">m2atelier</a>. Naval architecture was developed by <a data-gid="gid://syiq/Company/5244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="PierLuigi Ausonio Naval Architecture (Company)">PierLuigi Ausonio Naval Architecture</a>, in collaboration with <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>.Carbon fibre, which makes up over half of the yacht's construction, is the cornerstone of the Grande 44M's design, enabling a gorundbreaking four-deck layout. This structural change not only reduces superstructure weight but it also frees the entire upper deck as a private owner's sanctuary, relocating the wheelhouse to a dedicated fourth deck.<img src="https://photo-assets.superyachttimes.com/photo/399617/image/large-14cc311c2e479ba35bee61c8a2fb44ec.jpg" data-gid="gid://syiq/Photo/399617" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">The Grande 44M “epitomizes the pinnacle of <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>'s technological research”, being launched as the flagship of its Low Emission fleet, with CO₂ emissions reduced by up to 30 percent compared to yachts of similar size.The Grande 44M also incorporates Hull Vane® foil technology, designed to reduce hydrodynamic drag while improving onboard comfort, thanks to the reduction in pitch and roll. According to the shipyard, this represents "a breakthrough in lightweight engineering,” where instead of being composed of steel that would have weighed 1,500 kg, the foil consisted of carbon fiber foil, allowing it to be reduced to just 400 kg.<img src="https://photo-assets.superyachttimes.com/photo/306325/image/large-a99c68a60bc75bf03f7e69b0ac6f9aeb.jpg" data-gid="gid://syiq/Photo/306325" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Moving outside, generous deck spaces offer versatile areas for relaxation and entertaining. Aft, a mezzanine sea view terrace overlooking a beach club can be found centred around a transparent see-through plunge pool.<img src="https://photo-assets.superyachttimes.com/photo/306328/image/large-60a8561481c7b554e1c504212e5d9501.jpg" data-gid="gid://syiq/Photo/306328" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">With a beam of 8.6-metres and an interior volume of 436 GT, the yacht accommodates guests across five well-appointed staterooms. At the owner's deck, flexible spaces serve as a dining area, media room or guest lounge, all connected to a forward outdoor lounge with a firepit.In terms of propulsion, the <a data-gid="gid://syiq/Yacht/13735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shabby43.85m (143'10&quot;)Azimut Yachts2026">Azimut Grande 44M</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, propelling her to a top speed of 17 knots. Moreover, this is paired with a Mild Hybrid system developed with <a data-gid="gid://syiq/Company/3906" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asea Nautica (Company)">Asea Nautica</a>, allowing the yacht to remain at anchor in generator-free silence for several hours while reducing emissions. All images provided courtesy of <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>.

First Azimut Grande 44M launched in Viareggio

The first Azimut Grande 44M superyacht has been launched in Viareggio, Italy.


Refitting Oceanco's 93m Draak

 A look inside the refit journey of Draak, and how the project has changed what 'refit' can mean

Behind the refit of Oceanco's 93m superyacht Draak

Seen here in <a data-gid="gid://syiq/Company/3107" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Casa de Campo (Company)">Marina Casa de Campo</a> last Friday was the 114.2-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/10233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nausicaä114.2m (374'8&quot;)Lürssen Yachts2026">Nausicaä</a>. Delivered in May this year, the yacht is currently en route to Colón, Argentina, from Salt Island, according to AIS data.<img src="https://photo-assets.superyachttimes.com/photo/399501/image/large-218e56502719dcc08e9624ed27ea602f.jpg" data-gid="gid://syiq/Photo/399501">Spanning six decks, <a data-gid="gid://syiq/Yacht/10233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nausicaä114.2m (374'8&quot;)Lürssen Yachts2026">Nausicaä</a> takes her name from Greek mythology, translating to "burner of ships" or "she who shines among the ships". She represents the first collaboration between <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> and Australian designer <a data-gid="gid://syiq/Company/4739" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marc Newson Ltd (Company)">Marc Newson</a>, who was responsible for both her exterior and interior design.Read:&nbsp;<a data-gid="gid://syiq/Article/65904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="114m Lürssen superyacht Nausicaä delivered (2026-05-25 09:00:00 +0200)">114m Lürssen superyacht Nausicaä delivered</a>Among her standout features is a striking Skydome composed of seven curved glass panes, each measuring 3,000 by 2,800 millimetres, 62 millimetres thick and weighing approximately 1,050 kilograms. The structure shelters a 56-square-metre owner's office with a 3.15-metre ceiling height and direct access to a private sky terrace for alfresco dining.Elsewhere, <a data-gid="gid://syiq/Yacht/10233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nausicaä114.2m (374'8&quot;)Lürssen Yachts2026">Nausicaä</a> replaces the traditional main saloon with a dramatic double-height atrium conceived as an art gallery, while her expansive aft decks feature a central Jacuzzi, a swimming pool and a concealed tender dock.Her propulsion system comprises two primary and three auxiliary engines driving fully electric azimuth pods. A 2MW battery installation enables silent cruising with zero local emissions for extended periods, while the yacht has also been engineered to accommodate a future methanol fuel cell system.

Lürssen yacht Nausicaä Dominican Republic

Seen here in Marina Casa de Campo was the 114.2-metre Lürssen superyacht Nausicaä. 

114m Lürssen superyacht Nausicaä in the Dominican Republic

<a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> has announced the acquisition of <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a>, further expanding the <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco Group</a>'s capabilities across the design and construction of custom yachts.<img src="https://photo-assets.superyachttimes.com/photo/367145/image/large-c0719da09522b0d017fe2fd0a04968e9.png" data-gid="gid://syiq/Photo/367145" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">Founded in 1956 and headquartered in Assen, the Netherlands, <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a> is a manufacturer of custom-made and standardised marine solutions for the superyacht, commercial shipping and offshore sectors.&nbsp;Employing around 150 people in facilities in the Netherlands and Vietnam, the company specialises in products including tank vent check valves, manually operated doors and hatches, watertight sliding doors, hull doors and exclusive yacht equipment. According to <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, the acquisition expands the Group's technical capabilities and strengthens collaboration alongside its existing companies, <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a>, <a data-gid="gid://syiq/Company/5546" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aluship (Company)">Aluship</a>, <a data-gid="gid://syiq/Company/5009" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lateral Naval Architects (Company)">Lateral</a> and <a data-gid="gid://syiq/Company/8351" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mercury Yacht Construction (Company)">Mercury</a>. <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a> will continue operating with its existing team and strategic direction while serving current and new clients.<img src="https://photo-assets.superyachttimes.com/photo/392202/image/large-6ad65147c55f711bd849cd4f59de3b88.jpg" data-gid="gid://syiq/Photo/392202">The relationship between <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> and <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a> dates back to the late 1990s, when the companies first collaborated on lifting equipment for the <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> superyacht <a data-gid="gid://syiq/Yacht/8" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Al Mirqab133.0m (436'4&quot;)Peters Werft GmbH2008">Al Mirqab</a>. More recently, <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a> developed the adjustable hinge on the hull doors of <a data-gid="gid://syiq/Yacht/10354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Leviathan111.0m (364'2&quot;)Oceanco2025">Leviathan</a> that remain horizontal to the deck to account for varying sea conditions.Read:&nbsp;<a data-gid="gid://syiq/Article/65976" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Interiors of 111m Oceanco yacht Leviathan unveiled (2026-04-30 08:45:00 +0200)">Interiors of 111m Oceanco yacht Leviathan unveiled</a>Commenting on the acquisition, CEO of <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>, Marcel Onkenhout, said: "Together with Gabe Newell, we are building the yachts of the future. With the addition of <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a> to the <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco Group</a>, we can continue working on new innovations in the field of one of the most complex components of an <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> yacht."CEO of <a data-gid="gid://syiq/Company/2357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winel B.V. (Company)">Winel</a>, Ake van der Vinne, added : "Our doors and hatches are known for their reliability under the harshest conditions, and the same applies to our relationship with <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>. Together with the other partners within the Group, we will develop groundbreaking solutions for the maritime industry."

Oceanco acquires Dutch marine specialist Winel

Oceanco has acquired Dutch marine specialist Winel,  aiding the Group's growing portfolio of maritime companies.




Founded in 2018 as an extension of <a data-gid="gid://syiq/Company/2547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xtenders (Company)">Xtenders</a>’ work in the superyacht sector, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> initially focused on lightweight boarding and deck equipment designed to match the quality and finish of the tenders being delivered. The business grew out of repeated demand from shipyards and designers for products such as swimming ladders and awning systems that reflected the same emphasis on design, weight efficiency and usability. Since then, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> has expanded its range and developed its production capabilities, increasing its presence within the superyacht deck equipment market.Its relationship with <a data-gid="gid://syiq/Company/2547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xtenders (Company)">Xtenders</a> continues to shape how the business operates today. The two companies share engineering expertise and production knowledge and may collaborate on the same yacht, with tender solutions and deck equipment developed in parallel to create greater consistency in design, materials and user experience. This also allows <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> to offer shipyards, designers and owner’s representatives a more coordinated approach across different parts of a project.<img src="https://photo-assets.superyachttimes.com/photo/394339/image/large-761eef67c3473dcab070e3c337afcb00.jpeg" data-gid="gid://syiq/Photo/394339">Expanding the product range and reshaping the business<a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a>’s product range now extends well beyond its initial focus on ladders and awnings. Today, the company’s portfolio includes self-levelling stairs, fender systems, mooring whips, gangways and a broader selection of boarding solutions. While core products such as swimming ladders, awnings, whips and fender systems continue to see strong demand, interest is also growing in newer categories including dock steps and davit cranes.Mooring equipment remains one area of focus, with carbon whips supplied with individual serial numbers to provide traceability and warranty assurance. At the same time, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> is continuing to develop further categories, including SOLAS-compliant pilot ladders, as it seeks to broaden its product range further.<img src="https://photo-assets.superyachttimes.com/photo/396357/image/large-fee6e7bfab36f07ef8214522f3d34037.jpg" data-gid="gid://syiq/Photo/396357">Supporting that broader product mix has been a wider change in the scale and structure of the business. In recent years, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> has undergone a management transition led by Thom van Riet, Joep Wolters and Matthijs van de Wijngaert, which has helped drive growth and product improvement. Greater standardisation and production efficiency have been introduced, while bespoke solutions continue to be developed in close collaboration with designers and shipyards. In a sector where no two projects are the same, the company is aiming to improve efficiency without moving away from the project-specific engineering that superyacht builds often require.<img src="https://photo-assets.superyachttimes.com/photo/257673/image/large-a11765a4442b7038b34c007d2434ac98.jpg" data-gid="gid://syiq/Photo/257673">A growing footprint across the superyacht marketWith its equipment now installed on more than 200 yachts, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a> has established a stronger presence across the sector. Its portfolio includes projects such as the 138.8-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/8262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luminance138.8m (455'5&quot;)Lürssen Yachts2024">Luminance</a> and the 118.2-metre <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a> superyacht <a data-gid="gid://syiq/Yacht/7928" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Liva118.2m (387'10&quot;)Abeking & Rasmussen2023">Liva</a>, reflecting the company’s involvement in some of the market’s larger projects.Geographically, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a>’s work remains concentrated primarily in Europe, where it has developed strong relationships with Northern European shipyards. At the same time, its presence in Turkey and the United States is also growing. This spread points to a business whose development is extending across several key superyacht markets.<img src="https://photo-assets.superyachttimes.com/photo/296018/image/large-0089e144d017c4f91205441eb85626b3.jpg" data-gid="gid://syiq/Photo/296018">Defining the next phase of growthLooking ahead, <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a>’s next phase of development is expected to centre on further expansion of its production capabilities and continued product development. The company is investing in greater production capacity with the aim of shortening lead times while maintaining quality, as it seeks to support a wider range of projects.<img src="https://photo-assets.superyachttimes.com/photo/396354/image/large-b0173840d76a356eba3652865ef1364a.jpg" data-gid="gid://syiq/Photo/396354">For <a data-gid="gid://syiq/Company/4947" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xquip (Company)">Xquip</a>, the next stage is less about shifting away from its original specialism than about building on it. What began as a focused extension of <a data-gid="gid://syiq/Company/2547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Xtenders (Company)">Xtenders</a>’ work has developed into a broader deck equipment business with a wider product range, greater production capacity and a growing presence across the superyacht market.<img src="https://photo-assets.superyachttimes.com/photo/299376/image/large-90e12966530dd0bc71affdabd57b625a.jpg" data-gid="gid://syiq/Photo/299376">

From one tender to 200 Yachts: Xquip’s growth in superyacht deck equipment

Xquip charts its growth from Xtenders extension to a superyacht deck equipment specialist with products installed on more than 200 yachts.

Business

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