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
Azimut|Benetti to use SEA Index carbon emissions toolnews Rob Hodgetts 25 Feb 25 0Leading superyacht manufacturer Azimut|Benetti Group will adopt the SEA Index carbon emissions rating tool as part of its drive to build a more sustainable fleet.… Read more
Abramovich tale fires warning to gamers of the systemopinion Rob Hodgetts 6 Feb 25 0Revelations into alleged attempts by Roman Abramovich to dodge tax due on his fleet of superyachts could be causing quiet alarm and sending out shockwaves… Read more
Phi appeal verdict due in six weeksnews Rob Hodgetts 17 Jan 25 0The verdict on detained superyacht Phi will be delivered in about six weeks after the latest appeal was heard for the 58m Royal Huisman moored… Read more
Edmiston: ‘Does this make the car go faster?’opinion Rob Hodgetts 9 Dec 24 0“Does this make the car go faster?” It’s simple, straight to the point and a question Jamie Edmiston often asks, although he tweaks it. The chief… Read more
‘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
