Sunseeker fined over £350,000 for ‘blood’ teak importsnews Rob Hodgetts 25 Nov 24 0Yacht maker Sunseeker International Limited has been fined more than £350,000 after breaking import laws for exotic timber such as teak. The Poole, UK-based company… 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
The Italian Sea Group (TISG) profits jump 54%YoYnews Fayaz Hussain 13 Nov 24 0The Italian Sea Group’s (TISG) reported financial results for the third quarter wherein it posted a strong upward trend as operating revenues clocked in at… 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
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
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
Lürssen, Rolls-Royce strengthen engine overhaul partnershipnews Rob Hodgetts 23 Sep 24 0Lürssen and engine maker Rolls-Royce have deepened their partnership to streamline the overhaul of mtu propulsion systems. The Bremen, Germany-based shipyard and Rolls-Royce’s Power Systems… Read more
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
Edmiston announces €1bn in sales this year, up 22%news Rob Hodgetts 17 Sep 24 0Superyacht brokerage Edmiston has announced more than €1bn in sales this year ahead of the Monaco Yacht Show. The sales figure, which gives an average… 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
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
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
Island Capital bids on MarineMax yachting, marina businessnews Fayaz Hussain 10 Jul 24 0Private equity firm Island Capital Group (ICG) has offered to acquire the MarineMax yachting and marine business for $480m. “We propose acquiring the YMRS assets… 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
