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
Briton dies in Antigua superyacht accidentnews Rob Hodgetts 28 Feb 24 0A British crew member has died after reportedly being electrocuted on the 62m superyacht Baton Rouge in English Harbour, Antigua. Chief engineer Roy Temme, 47,… Read more
Poor leadership part of ongoing mental health issues in crewnews Rob Hodgetts 27 Feb 24 0Poor leadership is being cited as one of the key reasons behind ongoing mental health issues in superyacht crews, according to a study by Quay Crew. … Read more
Ferretti Group ends 2023 with strong revenue growthnews Rob Hodgetts 19 Feb 24 0Italian yacht builder Ferretti Group weathered economic headwinds in 2023, charting a course for success with an 11.5% year-over-year (YoY) surge in revenue to reach… Read more
Alfa sells, with asking price of €67mnews Rob Hodgetts 15 Feb 24 0Award-winning superyacht Alfa has been sold and will be managed and chartered by Ocean Independence. The 70-metre Benetti, built in 2020, was sold by Vassilis… Read more
MarineMax results underwhelm as margins shrinknews Rob Hodgetts 26 Jan 24 0MarineMax reported earnings per share (EPS) of $0.19 for the first quarter of 2024 compared with $1.24 from a year ago, lower than expectations. The… Read more
Explorer yacht Plan B sells in pre-Christmas dealnews Rob Hodgetts 21 Dec 23 0The 50m (163ft) explorer yacht Plan B has been sold in a pre-Christmas deal, with Will Christie of Christie Yachts representing the seller and Merle… Read more
Lürssen superyacht hits dry dock doornews Rob Hodgetts 8 Dec 23 0A 130m+ superyacht has caused significant damage to the doors of a dry dock and injured an employee after an incident at the Lürssen shipyard… Read more
Camper & Nicholsons launches corporate services divisionnews Rob Hodgetts 16 Nov 23 0Camper & Nicholsons has launched a corporate services team to help owners navigate the complex world of yacht ownership. Camper & Nicholsons Corporate Services, in… Read more
Italian Sea Group (TISG) rides wave of yacht demandnews Fayaz Hussain 13 Nov 23 0The Italian Sea Group (TISG), a global leader in the yachting industry, reported a 25% year-on-year (YoY) increase in revenue for the first nine months… Read more
‘Zero-emission’ Project Pegasus a step closer to realitynews Rob Hodgetts 3 Nov 23 0Revolutionary “zero-emission” concept yacht Project Pegasus is a step closer to reality after it was taken on as a construction opportunity with Denison. The 88m… Read more
