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
Ferretti reports €1.2bn revenue, record backlognews Fayaz Hussain 3 Mar 25 0Italian yacht maker Ferretti Group reported stellar revenue growth of 5.6% year-over-year in 2024 at €1.17bn with revenues distributed across all four quarters and limited… 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
US yacht brokers defeat inflated commission lawsuitnews Rob Hodgetts 23 Jan 25 0A Florida judge has thrown out a class action lawsuit in which the International Yacht Brokers Association (IYBA) and other brokerages were accused of inflating… 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
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
