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
Poor leadership part of ongoing mental health issues in crewnews Rob Hodgetts 27 Feb 24 0Poor leadership is being cited as one of the key reasons behind ongoing mental health issues in superyacht crews, according to a study by Quay Crew. … Read more
Ferretti Group ends 2023 with strong revenue growthnews Rob Hodgetts 19 Feb 24 0Italian yacht builder Ferretti Group weathered economic headwinds in 2023, charting a course for success with an 11.5% year-over-year (YoY) surge in revenue to reach… Read more
Alfa sells, with asking price of €67mnews Rob Hodgetts 15 Feb 24 0Award-winning superyacht Alfa has been sold and will be managed and chartered by Ocean Independence. The 70-metre Benetti, built in 2020, was sold by Vassilis… Read more
Sanlorenzo results chart steady course in 2023 as revenue risesnews Rob Hodgetts 12 Feb 24 0Italian yacht builder Sanlorenzo delivered impressive year-end results for 2023, propelled by double-digit revenue growth and surging profitability. “The performance of the year is substantiated… Read more
MarineMax results underwhelm as margins shrinknews Rob Hodgetts 26 Jan 24 0MarineMax reported earnings per share (EPS) of $0.19 for the first quarter of 2024 compared with $1.24 from a year ago, lower than expectations. The… Read more
Explorer yacht Plan B sells in pre-Christmas dealnews Rob Hodgetts 21 Dec 23 0The 50m (163ft) explorer yacht Plan B has been sold in a pre-Christmas deal, with Will Christie of Christie Yachts representing the seller and Merle… Read more
Lürssen superyacht hits dry dock doornews Rob Hodgetts 8 Dec 23 0A 130m+ superyacht has caused significant damage to the doors of a dry dock and injured an employee after an incident at the Lürssen shipyard… Read more
Camper & Nicholsons launches corporate services divisionnews Rob Hodgetts 16 Nov 23 0Camper & Nicholsons has launched a corporate services team to help owners navigate the complex world of yacht ownership. Camper & Nicholsons Corporate Services, in… Read more
Italian Sea Group (TISG) rides wave of yacht demandnews Fayaz Hussain 13 Nov 23 0The Italian Sea Group (TISG), a global leader in the yachting industry, reported a 25% year-on-year (YoY) increase in revenue for the first nine months… Read more
Sanlorenzo posts 15% revenue growthnews Fayaz Hussain 10 Nov 23 0Italian luxury yacht maker Sanlorenzo reported a 15% year-on-year (YoY) increase in revenues from new yachts to €626m for the first nine months of 2023,… Read more
‘Zero-emission’ Project Pegasus a step closer to realitynews Rob Hodgetts 3 Nov 23 0Revolutionary “zero-emission” concept yacht Project Pegasus is a step closer to reality after it was taken on as a construction opportunity with Denison. The 88m… Read more
US files claim on Russian-owned superyacht Amadeanews Rob Hodgetts 25 Oct 23 0The US Justice Department is seeking the forfeiture of superyacht Amadea which it says is owned by sanctioned Russian oligarch Suleiman Kerimov. The 106m (348ft)… Read more
Heesen appoints Vaessen as CEOnews Rob Hodgetts 24 Oct 23 0Dutch shipyard Heesen has appointed Niels Vaessen as its new CEO from November. Vaessen joined Heesen in 2012 as finance manager and moved to CFO… Read more
Columbus Yachts sells first Atlantique 37news Rob Hodgetts 19 Oct 23 0Columbus Yachts has sold its first 37m Atlantique which will be delivered to a European customer in 2025. This all-aluminium motor yacht will be built… Read more
Why amped-up asking prices lead to ‘frustration’news Rob Hodgetts 17 Oct 23 0Buyers and sellers have always danced to different tunes but amped-up asking prices are risking stagnation in the superyacht market, according to Will Christie, CEO,… Read more
