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
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
