Ferretti to sell 28.75% of shares ahead of Euronext Milano dual listingnews Conor Feasey 5 Jun 23 0Ferretti’s main shareholder, Chinese state-owned Weichai Group, will sell over a quarter (28.75%) of the group’s common stock as the yacht builder joins the Milan… Read more
Viasat completes Inmarsat acquisitionnews Conor Feasey 31 May 23 0Viasat has completed the acquisition of Inmarsat in a multi-hundred-million-dollar deal. The global communications company said the merger will deliver improved connectivity and key safety… Read more
Karma Yachting superyacht brokerage founded in San Marinonews Conor Feasey 30 May 23 0New superyacht brokerage Karma Yachting has been founded in San Marnio by Mario Cicognani and Karin Paggi. The co-founders share more than three decades of… Read more
The Italian Sea Group posts €85m revenue for Q1, 2023news Conor Feasey 25 May 23 0The Italian Sea Group (TISG) has posted revenue of €85m ($91.1m) during the first quarter (Q1) of 2023, a 23% increase from €69m in the… Read more
The Viken Group and AES Yacht partner on 60m expedition yacht Mimernews Conor Feasey 24 May 23 0The Viken Group has partnered with Turkish shipyard AES yacht to build a new 60m (197ft) expedition yacht. Mimer will be designed by Tillberg Design… Read more
Antigua and Barbuda granted licence for Alfa Nero salenews Conor Feasey 23 May 23 0The auction of superyacht Alfa Nero is set to continue, following a licence being given to Antigua and Barbuda from the US government. But the… Read more
Sarnia Yachts acquired by Praxisnews Conor Feasey 22 May 23 0Sarnia Yachts has been acquired by private wealth and corporate services provider Praxis. Following the transition, majority shareholder and Sarnia Yachts CEO, Tim Joyce (pictured… Read more
The Italian Sea Group sells three 70m superyachts in record transactionnews Conor Feasey 19 May 23 0The Italian Sea Group (TISG) has sold three new 70m (230ft) GC-Force 70 Admiral superyachts to a European billionaire, a record transaction for the shipyard.… Read more
Ferretti backlog reaches €1.5bn in Q1 2023news Conor Feasey 17 May 23 0Ferretti Group has announced an order backlog of €1.5bn (€1.63bn) in its financial report for the first quarter (Q1) of this year, a 15.4% increase… Read more
Sanlorenzo reports an 11.8% increase in new build sales for Q1news Conor Feasey 15 May 23 0Sanlorenzo has reported total sales of €183.7m ($199m) for the first quarter (Q1) of this year – an 11.8% increase compared with the same period… Read more
Sunreef Yachts appoints Apollo Yachts and Alina Yachts as exclusive dealersnews Conor Feasey 12 May 23 0Sunreef Yachts has appointed Appollo Yachts and Alina Yachts as the shipyard’s exclusive dealers. The Polish shipbuilder said that the move is in response to… Read more
Sanlorenzo secures controlling stake in luxury furniture firm Duerrenews Conor Feasey 5 May 23 0Sanlorenzo has secured a controlling stake in luxury furniture company Duerre. The Italian shipyard signed a binding offer to acquire a further 33% stake in… Read more
Edmiston appointed as Gulfstream’s UK sales representativenews Conor Feasey 2 May 23 0Edmiston has been appointed as international sales representative for Gulfstream’s business aircraft sales activities in the UK and Channel Islands. The UK based brokerage will… Read more
MarineMax Q2 2023 revenue down 7% from record yearnews Conor Feasey 2 May 23 0MarineMax has reported a 7% fall in revenue to $570.3m for the second quarter (Q2) of its current financial year compared with record results posted… Read more
Bargate Murray appoints Elliot Bishop as directornews Conor Feasey 28 Apr 23 0Bargate Murray has appointed Elliot Bishop as director with immediate effect. Bishop joins the luxury asset law firm, bringing extensive experience in the marine sector.… Read more
Yotspot recruits its 100,000th member and expects further growth this yearnews Conor Feasey 26 Apr 23 0Yotspot has registered its 100,000th crew member, after seeing significant growth in the demand for crew over the past year. The Southampton, UK-based tech platform… Read more
Stephenson Harwood’s Ezio Dal Maso promoted to partnernews Conor Feasey 25 Apr 23 0Stephenson Harwood has promoted Ezio Dal Maso, who leads the law firm’s superyacht practice in Paris, to partner in its finance group. Dal Maso remains… Read more
Horizon Yacht Company and Pearlson Shiplift Corporation sign construction contractnews Conor Feasey 24 Apr 23 0Horizon Yacht Company and Pearlson Shiplift Corporation (PSC) have signed a contract for the design and build a new shiplift for its superyacht maintenance, repair… Read more
Baglietto and Arco Technologies agree hydrogen superyacht partnershipnews Conor Feasey 21 Apr 23 0Italian shipyard Baglietto and Arco Technologies have signed a partnership deal, that will see Arco help build a hydrogen fuel cell power station for yachts… Read more
MB92 launches sustainability refit service for superyachtsnews Conor Feasey 20 Apr 23 0MB92 Group has launched Refit for the Future, a sustainability refit service for superyachts at its La Ciotat shipyard in France and Barcelona facility in… Read more
