Fort Insurance to acquire YachtSafe Globalnews Rob Hodgetts 17 Mar 25 0Fort Insurance is in advanced discussions to acquire YachtSafe Global LLC, a Florida-based insurance broker. The Antibes, France-based superyacht broker will promote YachtSafe director Dylan… Read more
Seized yacht Amadea closer to auctionnews Rob Hodgetts 12 Mar 25 0The US Justice Department has moved closer to gaining the forfeiture of superyacht Amadea which was seized in 2022 because of alleged ownership by sanctioned Russian oligarch Suleiman… Read more
Ferretti eyeing acquisition in 2025news Rob Hodgetts 10 Mar 25 0Italian yacht builder Ferretti is planning acquisition for another significant asset this year, according to CEO Alberto Galassi. “We have three different files on the… Read more
Ferretti reports €1.2bn revenue, record backlognews Fayaz Hussain 3 Mar 25 0Italian yacht maker Ferretti Group reported stellar revenue growth of 5.6% year-over-year in 2024 at €1.17bn with revenues distributed across all four quarters and limited… Read more
Sunseeker fined over £350,000 for ‘blood’ teak importsnews Rob Hodgetts 25 Nov 24 0Yacht maker Sunseeker International Limited has been fined more than £350,000 after breaking import laws for exotic timber such as teak. The Poole, UK-based company… Read more
Penningtons Manches Cooper launches in Antibesnews Rob Hodgetts 21 Nov 24 0UK-headquartered law firm Penningtons Manches Cooper has set up in Antibes in the south of France to better access the Mediterranean yacht sector. The venture… Read more
Sanlorenzo revenues grow 7%YoY in third quarternews Fayaz Hussain 11 Nov 24 0Sanlorenzo reported strong performance in the first nine months of 2024, with net revenues from new yacht sales increasing 6.9% year-over-year to €669.0m. This growth… 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
Class societies launch safety and environment consortiumnews Rob Hodgetts 25 Sep 24 0A group of leading global class societies launched the Yacht Safety and Environmental Consortium (YSEC) for commercial and pleasure yachts over 24m at the Monaco… Read more
Lürssen, Rolls-Royce strengthen engine overhaul partnershipnews Rob Hodgetts 23 Sep 24 0Lürssen and engine maker Rolls-Royce have deepened their partnership to streamline the overhaul of mtu propulsion systems. The Bremen, Germany-based shipyard and Rolls-Royce’s Power Systems… 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
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
Lurssen fire update: Shipyard blaze put out in Germanynews Rob Hodgetts 2 Jul 24 0Firefighters have put out the major fire which broke out on Tuesday at a Lürssen shipyard in Rendsburg, Germany. The blaze engulfed a hall containing… Read more
Monaco added to anti-money laundering ‘grey list’news Rob Hodgetts 28 Jun 24 0Monaco has been added to the anti-money laundering “grey list” of countries subject to increased monitoring. The principality is deemed to have “strategic deficiencies” in… Read more
IYC links up with Bitcashier as crypto partnernews Rob Hodgetts 11 Jun 24 0Brokerage house IYC has partnered with crypto payment company Bitcashier to offer sales and charter clients a straightforward digital currency solution. The link-up will provide… Read more
OneWater Marine bids $2.5b for MarineMax, say reportsnews Rob Hodgetts 3 Jun 24 0OneWater Marine has offered to acquire its top competitor MarineMax in an all-cash deal valued at $2.5bn including debt, according to reports. Already a well-established… Read more
Ferretti Group backlog grows to €1.6bnnews Fayaz Hussain 17 May 24 0Italian luxury yacht manufacturer Ferretti Group announced first quarter financial results reporting an 11.7% year-over-year growth in revenues to €313m. Segment-wise breakdown showed composite yachts… Read more
WATCH: ‘The future of yacht management’video Rob Hodgetts 15 May 24 0Why yacht management needs a rebrand to educate owners and deliver their dream. Read more
MarineMax share price slumps on bleak outlook, lower 1Q earningsnews Fayaz Hussain 26 Apr 24 0MarineMax found itself in rough seas following the first quarter results announcement wherein the company posted earnings per share of $0.07 against $1.35 in the… Read more
Sirena expands Turkey facilitynews Rob Hodgetts 7 Mar 24 0Sirena Yachts is to expand its facility in Turkey to concentrate production of the Steel 42. The company has leased waterside building halls in Yalova,… Read more
