‘Trump bump’ boosts US yacht-timismopinion Rob Hodgetts 2 Dec 24 0Wall Street’s ‘Trump bump’ in the wake of Donald Trump’s presidential election win is showing signs of spreading to yachting, according to Raphael Sauleau, CEO,… 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
Prospecting for white gold in Aspenopinion Rob Hodgetts 15 Nov 24 0He knew he was on to a good thing when one of his brokers got chatting to someone in a restaurant while waiting to pick… 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
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
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
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
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
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
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
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
CEO chat: Fraser’s Kurten on impact, goals & leadershipopinion Rob Hodgetts 2 Aug 24 0Anders Kurten describes himself as a “pathological optimist” whose role is to “nurture and protect the trust” of his people and clients. He became CEO, Fraser Yachts in… Read more
Coote to help MarineMax superyacht brands flourishnews Rob Hodgetts 29 Jul 24 0Like a gardener encouraging different flowers to bloom at their best, Patrick Coote will look to nurture the various superyacht brands of MarineMax after leaving… Read more
MarineMax beats revenue estimates in 3Qnews Rob Hodgetts 26 Jul 24 0MarineMax, the world’s largest recreational boat, yacht and superyacht services company, reported financial results for the third fiscal quarter of 2024, posting revenue of $757.7m,… Read more
Antigua happy to remove ‘major liability’ with sale of Alfa Neronews Rob Hodgetts 26 Jul 24 0Antigua officials insist they took the “best price they could” to remove a “major liability” with the $40m sale of abandoned superyacht Alfa Nero. The… Read more
