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
US files claim on Russian-owned superyacht Amadeanews Rob Hodgetts 25 Oct 23 0The US Justice Department is seeking the forfeiture of superyacht Amadea which it says is owned by sanctioned Russian oligarch Suleiman Kerimov. The 106m (348ft)… Read more
Heesen appoints Vaessen as CEOnews Rob Hodgetts 24 Oct 23 0Dutch shipyard Heesen has appointed Niels Vaessen as its new CEO from November. Vaessen joined Heesen in 2012 as finance manager and moved to CFO… Read more
Columbus Yachts sells first Atlantique 37news Rob Hodgetts 19 Oct 23 0Columbus Yachts has sold its first 37m Atlantique which will be delivered to a European customer in 2025. This all-aluminium motor yacht will be built… Read more
NEOM: Superyacht repair facility set for Saudi Red Sea resortnews Rob Hodgetts 28 Sep 23 0Superyachts heading to the luxury Saudi Arabian island of Sindalah will be able to put in for repairs at a huge facility planned for the… Read more
GYG reports ‘steady trading growth’ in Q1news Superyacht Investor Contributor 31 May 22 0Painting, supply and maintenance company GYG has reported steady trading growth in the first quarter (Q1) of 2022, in line with group forecasts. The superyacht… Read more
