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
Monaco added to anti-money laundering ‘grey list’news Rob Hodgetts 28 Jun 24 0Monaco has been added to the anti-money laundering “grey list” of countries subject to increased monitoring. The principality is deemed to have “strategic deficiencies” in… Read more
SEA Index adopted by 15 ports on Cote d’Azurnews Rob Hodgetts 19 Jun 24 0The SEA Index carbon assessment tool for superyachts is now recognised in 15 harbours and marinas on France’s Cote d’Azur and Corsica. The tool, developed in… Read more
IYC links up with Bitcashier as crypto partnernews Rob Hodgetts 11 Jun 24 0Brokerage house IYC has partnered with crypto payment company Bitcashier to offer sales and charter clients a straightforward digital currency solution. The link-up will provide… Read more
Feadship launches benchmark solar cell yachtnews Rob Hodgetts 10 Jun 24 0Feadship has launched the 59.5-metre Project 713 which it says is the first of its yachts to carry solar cells for auxiliary power generation. The… Read more
SEA Index awarded environmental innovation labelnews Rob Hodgetts 6 Jun 24 0The SEA Index carbon assessment tool for superyachts has been awarded the CAPENERGIES label recognising innovation and economic potential. The tool, developed with the Yacht… Read more
OneWater Marine bids $2.5b for MarineMax, say reportsnews Rob Hodgetts 3 Jun 24 0OneWater Marine has offered to acquire its top competitor MarineMax in an all-cash deal valued at $2.5bn including debt, according to reports. Already a well-established… Read more
Ferretti and Flexjet partnership to benefit yacht and jet clientsnews Fayaz Hussain 29 May 24 0In a move to provide an exclusive experience, Italian yacht maker Ferretti Group has unveiled a partnership with private jet company Flexjet to offer exclusive… Read more
Ferretti Group backlog grows to €1.6bnnews Fayaz Hussain 17 May 24 0Italian luxury yacht manufacturer Ferretti Group announced first quarter financial results reporting an 11.7% year-over-year growth in revenues to €313m. Segment-wise breakdown showed composite yachts… Read more
Feadship, MB92 and Cantiere delle Marche win SYI Awards 2024news Rob Hodgetts 14 May 24 0Feadship, MB92 and Cantiere delle Marche were the winners at the Superyacht Investor Yard 2024 Awards. They received them at the Superyacht Investor London conference.… Read more
MarineMax share price slumps on bleak outlook, lower 1Q earningsnews Fayaz Hussain 26 Apr 24 0MarineMax found itself in rough seas following the first quarter results announcement wherein the company posted earnings per share of $0.07 against $1.35 in the… Read more
Sirena expands Turkey facilitynews Rob Hodgetts 7 Mar 24 0Sirena Yachts is to expand its facility in Turkey to concentrate production of the Steel 42. The company has leased waterside building halls in Yalova,… Read more
Briton dies in Antigua superyacht accidentnews Rob Hodgetts 28 Feb 24 0A British crew member has died after reportedly being electrocuted on the 62m superyacht Baton Rouge in English Harbour, Antigua. Chief engineer Roy Temme, 47,… Read more
