The Italian Sea Group (TISG) profits jump 54%YoYnews Fayaz Hussain 13 Nov 24 0The Italian Sea Group’s (TISG) reported financial results for the third quarter wherein it posted a strong upward trend as operating revenues clocked in at… Read more
Ferretti scores record backlog, revenues rise 3.8%YoYnews Fayaz Hussain 13 Nov 24 0Net revenue from new yacht sales by Ferretti increased 3.8% year-over-year to €865.3m in the first nine months of 2024, according to financial information released… Read more
Why ‘cherry picking’ is on the horizon for insurersopinion Rob Hodgetts 12 Nov 24 0Superyacht incidents of fire, groundings and sinkings were a narrative of this northern hemisphere summer causing speculation that insurance premiums will skyrocket next year. A… Read more
Bayesian: TISG reiterates ‘unsinkability’, takes legal actionnews Rob Hodgetts 7 Nov 24 0The Italian Sea Group (TISG) has reiterated the “unsinkability” of the Bayesian and is to take legal action against the New York Times for an… Read more
Abeking & Rasmussen: The ’boutique’ yard on ‘full power’opinion Rob Hodgetts 31 Oct 24 0It sounds like the first line of a joke: “What starts with the management and ends with the welder?” But for Björn Benecke, sales manager… Read more
MarineMax reports lower Q4 earnings, issues cautious outlooknews Fayaz Hussain 31 Oct 24 0Florida-based recreational boat and yacht retailer MarineMax reported its fourth-quarter revenue decreased by 5% to $563.1m, down from $594.6m in the same period of the… Read more
How candid calls got ‘job done’ for brokersopinion Rob Hodgetts 23 Oct 24 0As a snapshot of life as a yacht broker it told a good story. Several unanswered calls, multiple messages left and then eventually the pick-up.… Read more
N&J appoints Young as Europe chiefnews Rob Hodgetts 22 Oct 24 0Global yacht brokerage Northrop & Johnson has appointed Ben Young as commercial director Europe. Young, who was founder and commercial director of SYM (now Fairport… Read more
Why ‘old war horses’ need to ‘wake up’ to cryptoopinion Rob Hodgetts 17 Oct 24 0Yacht companies need to “wake up and address” a growing tide of clients keen to use crypto for sales and charter transactions, according to Giles… Read more
Kicking fenders amid Monaco madnessopinion Rob Hodgetts 1 Oct 24 0Chatting on the saloon deck of Kismet, Chris Cecil-Wright’s eyes crease into a smile. Not at the sight of the drizzle dampening the Monaco air, but… Read more
Heesen forecasts record revenue of €230m in 2024news Rob Hodgetts 25 Sep 24 0Heesen Yachts is forecasting a record revenue of €230m for the year with 12 yachts currently under construction, according to Niels Vaessen, CEO, speaking at the… Read more
Peter Wilson: Insights from the original owner’s repopinion Rob Hodgetts 20 Sep 24 0He says he has signed so many non-disclosure agreements he can’t talk to himself anymore. It’s a good line, and it encapsulates the secrecy of… Read more
Feadship launches resale department to support ownersnews Rob Hodgetts 19 Sep 24 0Feadship has launched Feadship Resale to support owners in selling on their yachts. The shipyard, based in the Netherlands, says its “unmatched knowledge” of its… Read more
Edmiston announces €1bn in sales this year, up 22%news Rob Hodgetts 17 Sep 24 0Superyacht brokerage Edmiston has announced more than €1bn in sales this year ahead of the Monaco Yacht Show. The sales figure, which gives an average… Read more
Cannes: Insights from the casting couch and market moodopinion Rob Hodgetts 16 Sep 24 0Doing his best to look calm, he shuttled up and down the stairs between the two clients. It was a popular boat and the show… Read more
Azimut|Benetti backlog rises to €2.6bnnews Rob Hodgetts 13 Sep 24 0Avigliana-based luxury yachts developer Azimut|Benetti Group announced its financial results for the financial year 2023-2024 reporting revenues of €1.3bn, a 55% increase over the past… Read more
The Cannes Complex: Easy as A, B, Copinion Rob Hodgetts 9 Sep 24 0Noted wit Groucho Marx once said he doesn’t want to belong to any club that would have him as a member. The same logic pervades… Read more
‘Inwardly bullish’: Jaffa on reinvention & the American dreamopinion Rob Hodgetts 2 Sep 24 0You might imagine yacht and jet lawyers to be pedants in power dress or air-conditioned attack dogs. But spend any time talking to James Jaffa… Read more
Hard to build, easy to break?opinion Rob Hodgetts 23 Aug 24 0What is very hard to build and very easy to break? It is a good riddle and you can probably think of umpteen scenarios that fit… Read more
Bayesian: ‘One minute the vessel was there, the next it was gone’news Mike Stones 20 Aug 24 0The search for survivors is continuing after the luxury yacht Bayesian, capsized in a storm off Sicily on Monday. Matthew Schanck, chairperson, Maritime Search and… Read more
