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Mangusta 165#10 launch at Overmarine in Viareggio

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Iconic Italian yacht builder <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a>, better known under the Mangusta brand name, has delivered 99 yachts over 30 metres since its creation in 1985. Over the past three decades, <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> has specialised in producing fast luxury motor yachts to become a leader in its category. In 2016, the shipyard decided to enter the displacement market with the launch of the 43-metres&nbsp;<a data-gid="gid://syiq/Yacht/5874" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Namaste42.3m (138'9&quot;)Overmarine Group SPA2016">Namaste</a>. Another new step was taken in 2018 with the delivery of <a data-gid="gid://syiq/Yacht/6048" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="El Leon54.0m (177'2&quot;)Overmarine Group SPA2018">El Leon</a>, a full aluminium built fast-displacement yacht.&nbsp;These 99 yachts have a total length of 3,632 metres, an average length of 36.7 metres and an average volume of 239 gross tonnes (GT). In the past ten years, the shipyard has completed a total of 28 motor yachts.<img src="/uploads/store/photo/89406/image/large-4f0b2e4c9bf245751f73c791d5db54c4.jpg" data-gid="gid://syiq/Photo/89406">Used MarketThere are currently 29 used <a href="https://www.superyachttimes.com/yachts/overmarine/for-sale" rel="noopener noreferrer" target="_blank" title="">Mangusta yachts for sale</a>. This represents 29.3% of the <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> fleet in operation. This percentage of <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yachts for sale</a> is higher than the market average for used motor <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yachts for sale</a> with a GRP hull and a length between 30 and 50 metres, which stands at 23.9%. The total combined length of the used <a href="https://www.superyachttimes.com/yachts/overmarine/for-sale" rel="noopener noreferrer" target="_blank" title="">Mangusta yachts for sale</a> is 1,082 metres with an average length of 37.3 metres and an average volume of 252GT.The average price of a yacht on the used <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> yacht market right now is €5.99 million per yacht or €24,000 per GT. &nbsp;If we just focus on the six used <a href="https://www.superyachttimes.com/yachts/overmarine/for-sale" rel="noopener noreferrer" target="_blank" title="">Mangusta yachts for sale</a> built completed from 2010 onwards, the asking price per GT comes to an average of €33,000.On average, <a href="https://www.superyachttimes.com/yachts/overmarine/motor/30.0m+/for-sale" rel="noopener noreferrer" target="_blank" title="">Mangusta yachts for sale</a> have been on the market for 457 days. Thirteen years is the average age of these yachts currently available. The most recent <a href="https://www.superyachttimes.com/yachts/overmarine/for-sale" rel="noopener noreferrer" target="_blank" title="">Overmarine yacht for sale</a> is the Mangusta Oceano 46 <a data-gid="gid://syiq/Yacht/1897" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Q9545.5m (149'3&quot;)Overmarine Group SPA2018">Q95</a> delivered in 2018, while the oldest is the Mangusta 100 <a data-gid="gid://syiq/Yacht/2319" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alchemist30.2m (99'1&quot;)Overmarine Group SPA1996">Alchemist</a> from 1996.How do the numbers for these <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yachts for sale</a> compare to similar <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yachts for sale</a> built by other yards? <a href="https://www.superyachttimes.com/yachts/overmarine/for-sale" rel="noopener noreferrer" target="_blank" title="">Overmarine yachts for sale</a> have slightly bigger averages compared to the market for similar yachts. The average length is 35.6 metres per unit and the average gross tonnage is 243. At the same time, the pricing of used <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yachts for sale</a> competing with <a href="https://www.superyachttimes.com/yachts/overmarine/for-sale" rel="noopener noreferrer" target="_blank" title="">Mangusta yachts for sale</a> is slightly higher at an average of €6.1 million per yacht or €25,000 per GT. In terms of average days on market, used <a href="https://www.superyachttimes.com/yachts/overmarine/for-sale" rel="noopener noreferrer" target="_blank" title="">Mangusta yachts for sale</a> compare favourably at an average of 457 days versus 741 days for the total fleet of comparable used <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yachts for sale</a>.<img src="/uploads/store/photo/57489/image/large-4cfd5176958337c1c2276ed0424585c3.jpg" data-gid="gid://syiq/Photo/57489">Comparison with other buildersHow do used <a href="https://www.superyachttimes.com/yachts/overmarine/motor/30.0m+/for-sale" rel="noopener noreferrer" target="_blank" title="">Overmarine yachts for sale</a> built from 2010 onwards compare with similar used <a href="https://www.superyachttimes.com/yachts/in-grp/motor/30.0m-50.0m/for-sale/2010+" rel="noopener noreferrer" target="_blank" title="">yachts for sale</a> from a selection of other well-known yards also building GRP-hulled motor yachts with a length of between 30 and 50 metres?There are 16 used <a href="https://www.superyachttimes.com/yachts/custom-line/in-grp/motor/30.0m-50.0m/for-sale/2010+" rel="noopener noreferrer" target="_blank" title="">Custom Line yachts for sale</a> in this category. They have an average asking price of €8.4 million per yacht, an average volume of 221GT and an average asking price per GT of €38,000. These <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yachts for sale</a> have been on the market for an average of 398 days.In the same category, buyers can choose from 18 used <a href="https://www.superyachttimes.com/yachts/sunseeker/in-grp/motor/30.0m-50.0m/for-sale/2010+" rel="noopener noreferrer" target="_blank" title="">Sunseeker yachts for sale</a>. Their average asking price per yacht is €9.3 million with an average volume of 274GT and an average asking price per GT of €34,000. These <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yachts for sale</a> have been on the market for 573 days on average.Another Italian brand active in this market segment is <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>. With five used <a href="https://www.superyachttimes.com/yachts/pershing/for-sale" rel="noopener noreferrer" target="_blank" title="">Pershing yachts for sale</a> built from 2010 onwards, their average asking price is €8.6 million at an average volume of 183GT. Their average asking price per GT is €47,000 and they have been on the market for an average of 1,124 days.Staying in Italy with GRP-hulled yachts, we take a look at used <a href="https://www.superyachttimes.com/yachts/azimut/for-sale" rel="noopener noreferrer" target="_blank" title="">Azimut yachts for sale</a> in this category. There are currently nine used <a href="https://www.superyachttimes.com/yachts/azimut/in-grp/motor/30.0m-50.0m/for-sale/2010+" rel="noopener noreferrer" target="_blank" title="">Azimut yachts for sale</a> built from 2010 onwards. They have an average asking price of €5.5 million, an average volume of 194GT and an average asking price per GT of €28,000. They have been on the market for an average of 512 days.<img src="/uploads/store/photo/90438/image/large-8ca0a47387c3ee419fc80a323427a12d.png" data-gid="gid://syiq/Photo/90438">New yachts coming on the market per yearIn the last two years and a half, up to nine used 30-meters plus yachts built by <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> came on the market per quarter. The last quarter of 2018 and first quarter of 2019 saw the highest number of used <a href="https://www.superyachttimes.com/yachts/overmarine/for-sale" rel="noopener noreferrer" target="_blank" title="">Mangusta yachts for sale</a> on the market with respectively 9 and 8 units. For the two first quarters of 2019, twelve used <a href="https://www.superyachttimes.com/yachts/overmarine/for-sale" rel="noopener noreferrer" target="_blank" title="">Mangusta yachts for sale</a> been newly listed.<img src="/uploads/store/photo/90437/image/large-57da7ebed910450949f271d48a0bce9c.png" data-gid="gid://syiq/Photo/90437">The most recent <a href="https://www.superyachttimes.com/yachts/overmarine/for-sale" rel="noopener noreferrer" target="_blank" title="">Overmarine yacht for sale</a> listed was the 49.9-metre Mangusta 165 <a data-gid="gid://syiq/Yacht/1880" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samhan49.9m (163'9&quot;)Overmarine Group SPA2008">Samhan</a>, which came on the market in late June 2019.&nbsp;Yachts sold&nbsp;In the past two and a half years, a total of 19 used 30-metre plus <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> built yachts were sold including six of them sold in 2017 and seven in 2018. A total of six used <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Mangusta</a> yacht sales have been reported during the second quarter of 2019.<img src="/uploads/store/photo/90436/image/large-7a24a0c9342b8ba6b2f8b05aaa57bc87.png" data-gid="gid://syiq/Photo/90436">If we look at the used <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Overmarine</a> yachts sold in the last two years and a half, then they were on the market for an average of 643 days. For the total used GRP built yachts sold in the last two years and a half in the size range of 30 to 50-metres, this average stood at 468 days.The nineteen <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Mangusta</a> yachts sold in the last two years and a half represented a total value of €110 million in terms of final asking prices. Their average last asking price was €6.6 million per yacht or €21,900 per GT. The largest <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Mangusta</a> yacht sold in this time period was the 49.9-metre <a data-gid="gid://syiq/Yacht/5872" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Incognito49.9m (163'9&quot;)Overmarine Group SPA2016">Incognito</a>, sold in April 2019, which was also the highest valued <a data-gid="gid://syiq/Company/473" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Overmarine Group SPA (Company)">Mangusta</a> yacht to be sold, with a final asking price of $24,995,000. &nbsp;<img src="/uploads/store/photo/89299/image/large-e293cb85c7d6fe8b4e27035ebdb5cafa.jpg" data-gid="gid://syiq/Photo/89299">Top 5&nbsp;<a href="https://www.superyachttimes.com/yachts/overmarine/motor/30m+/for-sale" rel="noopener noreferrer" target="_blank" title="">Mangusta&nbsp;Yachts for Sale</a>The five largest <a href="https://www.superyachttimes.com/yachts/overmarine/motor/30.0m+/for-sale" rel="noopener noreferrer" target="_blank" title="">Mangusta yachts for sale</a> right now are:<a data-gid="gid://syiq/Yacht/1897" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Q9545.5m (149'3&quot;)Overmarine Group SPA2018">Q95</a> - 45.5m - 498GT - 2018 - €25,500,000 (€51k per GT)<a data-gid="gid://syiq/Yacht/2951" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Miss Moneypenny V49.9m (163'9&quot;)Overmarine Group SPA2012">Miss Moneypenny V</a> - 49.9m - 488GT - 2012 - $17,995,000 ($37k per GT)<a data-gid="gid://syiq/Yacht/1880" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samhan49.9m (163'9&quot;)Overmarine Group SPA2008">Samhan</a> - 49.9m - 488GT - 2008 - $17,500,000 ($36k per GT)<a data-gid="gid://syiq/Yacht/2949" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rush49.9m (163'9&quot;)Overmarine Group SPA2010">Rush</a> - 49.9m - 488GT - 2010 - €15,300,000 (€31k per GT)<a data-gid="gid://syiq/Yacht/2949" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rush49.9m (163'9&quot;)Overmarine Group SPA2010">Zeus I</a> - 49,9m - 488GT - 2009 - €14,950,000 (€30k per GT) <a href="https://www.superyachttimes.com/market-intelligence" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times iQ</a> is our live market intelligence system and our subscribers have live access to all this data and intelligence, as well as much more insight. If you are interested in a demonstration, then please <a href="mailto:sales@superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">contact us</a>. Besides the online intelligence system, the new market report <a href="https://shop.superyachttimes.com/report/superyacht-times-the-state-of-yachting-2019" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2019</a> is available for purchase.

Overmarine’s performance on the used yacht sales market

In this series of articles the SuperYacht Times intelligence team analyses the used Overmarine Mangusta yacht market and sales. 

SYT iQ: Overmarine's performance on the used yacht sales market

The 49.8-metre <a data-gid="gid://syiq/Company/212" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Benetti SpA (Company)">Benetti</a> motor yacht Project Blake FB803 has been sold to a new owner thanks to Peter Redford and Eugenio Cannarsa from the Australian <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> Yachts office finding the buyer. <img src="/uploads/store/photo/81308/image/large-ffb84f39c6bc119808cb51667d101b65.jpg" data-gid="gid://syiq/Photo/81308">Now named <a data-gid="gid://syiq/Yacht/6079" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AJ49.8m (163'5&quot;)Benetti SpA2018">AJ</a>, she features naval architecture and an exterior design by the Italian shipyard, and interior designs from the drawing boards of the London-based <a data-gid="gid://syiq/Company/17" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bannenberg & Rowell Design (Company)">Bannenberg &amp; Rowell Design</a> studio. Yacht <a data-gid="gid://syiq/Yacht/6079" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AJ49.8m (163'5&quot;)Benetti SpA2018">AJ</a> can accommodate up to 12 guests across six cabins as well as a crew of eight in six cabins. <img src="/uploads/store/photo/66976/image/large-5143433fca5c4558a001ece92773cee0.jpg" data-gid="gid://syiq/Photo/66976">Her twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> C32 Acert diesel engines can power <a data-gid="gid://syiq/Yacht/6079" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="AJ49.8m (163'5&quot;)Benetti SpA2018">AJ</a> to a maximum speed of 15.5 knots and she cruises at 14 knots. At a speed of 11 knots, she has a range of 4000 nautical miles.&nbsp;

Project Blake FB803 yacht AJ sold

The 50m Benetti yacht AJ from the Project Blake FB800 series has been sold.

Benetti motor yacht Project Blake FB803 finds new owner

Overmarine Group, builders of the successful Mangusta line yachts have delivered their 10th 165 model to her American owners. Hull number 10 wears the new ‘E’ for Evolution badge – a technically and aesthetically updated version of the 165 line. Moran Yacht &amp; Ship secured the sale of the yacht and was involved throughout the build of the vessel.

<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/160276/image/large-86dbd3621ae5ac31a24f24d669874344.jpg" data-gid="gid://syiq/Photo/160276">

What sets the ‘E’ version apart from her other sisters is a new MTU power train with 4 MTU 16V M94 engines powering 4 Rolls Royce/Kamewa waterjets. The new 2000 series engines are smaller and lighter than the 4000’s previously used which means considerably less consumption at speeds between 20 and 30 knots. The engines are also linked to the 4 Seakeeper stabilisers and can be used when at anchor or underway.

The Group's' in-house design department worked together with the owner to create a wonderfully customised interior. As repeat Mangusta owners, the clients had a clear concept in mind from the beginning.

The shipyard will now continue on the construction of hulls 11 and 12, both of which have already been sold and are expected to hit the water next year.

Photo by Archivio Overmarine Group / Emilio Bianchi

Overmarine delivers 10th Mangusta 165

SuperYacht iQ, the new market intelligence division of SuperYacht Company, analysed the market for aluminium motor yachts over 30 metres recently, following the surge of companies announcing new aluminium vessels over the past few months.Looking at the past 10 years, there were 245 motor yachts over 30 metres completed with an aluminium hull. In this segment Heesen Yachts is the market leader, with a total of 34 delivered yachts totalling 1,484 metres. Just behind Heesen is Trinity Yachts with 31 yachts, followed by Palmer Johnson with 23 yachts and Baglietto with 20 yachts. Mondomarine and Admiral have both delivered 13 yachts in total. Combined, these six shipyards have built close to 55% of all aluminium motor yachts over 30 metres in the past 10 years.We asked several leaders in this segment, as well as some of the new entrants, the following questions regarding their opinion on aluminium yachts: 1) The market for fast yachts took a big hit during the crisis. Do you feel the market is growing again?2) Is aluminium becoming more popular over GRP? Heesen Yachts – Mark Cavendish - Director Sales &amp; Marketing1) From our side we have signed a total of 16 contracts for fast aluminium yachts out of a total of 29 contracts signed since 2008. This is 55% of all contracts signed. I would agree this is a slightly lower mix than the long-term average, which is closer to 60/40. So is the fast aluminium market growing? I would say yes, there are definite signs of more interest in the sector. Consider that at Heesen we are building one of the largest high-speed aluminium yachts, the 70 metre Kometa with a top speed of 30 knots.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/158273/image/large-4bb3f4670ae61b8841c1ba7113f36a76.jpg" data-gid="gid://syiq/Photo/150767">2) It is not easy for us to reply on this because we do not build yachts in GRP. I would have thought it more a matter of size. It is unusual to have large, high speed GRP yachts much over 40 or 50 metres, so aluminium is popular in this range. Below 35 metres, GRP is more popular.We are not surprised that competitors are entering this sector, and before the financial crisis there were several competitors who left and are now coming back. This illustrates the growing interest in fast aluminium yachts.Mondomarine/Cantieri di Pisa – Roberto Zambrini - CEO1) It’s not actually true that fast boats clients are coming back. Speed is no longer a trend. Clients are today looking for comfort and low running costs. That’s why the semi-displacement hulls we have engineered for both the Akhir 42S and M60 Sea Falcon can go up to high speed but are extremely efficient at low speed, granting fuel economy and high range.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/158274/image/large-4fdb259a12c2a41fb085766427428d7b.jpg" data-gid="gid://syiq/Photo/156472">2) Our philosophy and strategy are based on metal; so, regardless, it’s steel or aluminium. Steel and aluminium grant infinite customisation opportunities, that’s the key of our success today. Another aspect nobody is paying attention to today is the disposal of the yachts once their lives are over. Aluminium and steel can easily be recycled, what will happen with GRP?Overmarine – Francesco Frediani - Commercial Director1) That is absolutely not true at all. In a crisis it is the leaders who make themselves felt in their particular sector. This is exactly what we have done, delivering, since it’s presentation in year 2007, 9 units of the Mangusta 165 model alone with a further 2 currently being built. Absolute values are not touched by a crisis, at all. On the contrary, they are exalted and leadership is reinforced. This is why we are now able to offer alternatives, extending the values of our brand to other market segments.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/158275/image/large-9d6fbee3c03b9bc5f9c6c4e4c29b2289.jpg" data-gid="gid://syiq/Photo/153155">2) The use of aluminium is simply due to production reasons and investment. The lengths of hulls measuring over 40 metres and the expected number of units being built (just a very few, and non-standardised production) combined with the high level of customisation required make aluminium the most suitable material, both economically and for the time to market as it requires no models/mock-up or moulds. Aluminium matches more the requirement of the market today and that is why we also selected aluminium for some of our new models.Pershing - Stefano de Vivo, Chief Commercial Officer of the Ferretti Group1) The global yachting market in general was dramatically hit by the crisis of the past few years, not just the fastest yachts one. Despite these tricky economic circumstances, Pershing never lost its worldwide reputation of being a leading company in the Made in Italy composite sport yacht sector. We strongly feel that the market has overtaken the hardest part of the crisis. Actually, the Pershing 108, launched in April 2011, is still in production, and we may proudly say that in 2015 we delivered hull #3 and we sold hull #4 too, now under construction. Hull #5 is under lamination, and will be delivered in Spring 2017.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/158276/image/large-744255892b570c98e50213b6f3f88e53.jpg" data-gid="gid://syiq/Photo/135207">2) In 30 years of business Pershing has built more than 30 models, many of which come in more than one version, to meet the needs of different customers and cultures. This means that evolution has always been in the Pershing DNA. Therefore, aluminium has always been the choice for the new 140’, since the Product Strategic Committee, together with the Ferretti Group Engineering Department and architect Fulvio De Simoni started thinking of the new flagship. This material is extremely flexible above a specific length, and let the shipyard offer its owners great opportunities of customising both the exteriors and the interiors of their yacht.Rossi Navi - Filippo Ceragioli - International Marketing and Communication Manager1) Since the market restarted in 2014, we have sold three aluminium yachts that are actually in production, our FR031 with 4 Kamewa/Rolls Royce engines with a length of 63 metres, the FR031 diesel electric born around the returned consciousness of reducing the navigation impact toward the environment, and the Fulvio De Simoni new design Longitude Project, our latest yacht with a length of 47 metres.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/158277/image/large-55bbe3ed1ef81f9f17bf47f2898a67e0.jpg" data-gid="gid://syiq/Photo/158277">2) We hope so, not only for our company skills as we also build yachts in steel, but mainly for issues related to the end of the product life cycle. Aluminium is a versatile material with a very long life through the recycling chain. In regards to GRP we are aware about the concrete absence of a European and Global plan of how to recycle or give new life to such material.Turquoise Yachts – Cristian Schwarzwälder - Sales1) In my opinion the market is definitely picking up momentum, especially in the U.S. market.We are fortunate to have a very solid financial foundation and our business plan allows us to start projects before we have a buyer. Just like some of our competitors, we can give our clients the benefits of earlier delivery times and turn key solutions.2) I don’t think that aluminium is becoming more popular, but it is certainly more adaptable for one-off vessels than GRP, especially when clients are looking for a high level of performance in their yacht.The full article is featured in the fifth issue of the SuperYacht Times newspaper. Subscriptions are <a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription">available here</a>.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/158278/image/large-8d5b573ad97c9840f69f6b9a72e10869.jpg" data-gid="gid://syiq/Photo/156855">By Merijn de Waard

 Insight: A growing market for fast aluminium yachts? 

Following last week's news about the sale of the 10th Mangusta 165 by Moran Yacht &amp; Ship, the Overmarine Group now announces the sale of another Mangusta yacht, a Mangusta 94, the fourth in that series. Both yachts were sold to US clients.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/153155/image/large-afa8297e27fa61a63d762a27ff07de58.jpg" data-gid="gid://syiq/Photo/153155">The Overmarine Group invested heavily in their presence in the US, and appointed an Americas Area Manager, Stefano Arlunno, who deals with local clients, and has in-depth experience in After Sales<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/153156/image/large-8e160a09b2f40d2599d84731bcf64cf1.jpg" data-gid="gid://syiq/Photo/153156">“These investments have now started to bear fruit” proudly declared Francesco Frediani, Group Commercial Director. “The sale of these 2 Maxi Open yachts confirms that American clients appreciate the technical engineering characteristics and functional setup of our yachts. We can say that, even in the States, the Mangusta brand is increasingly more associated with products of a high technical content and exceptional onboard comfort, able to arouse those feelings only top, renowned Italian brands arouse.”By Maarten Janssen