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
VesselsValue to leave superyacht valuation marketnews Rob Hodgetts 10 Oct 23 0Ship valuation and market intelligence company VesselsValue will cease operating in the superyacht space in 2024, the firm has announced. UK-based VesselsValue, which provides independent… Read more
5.2 million euro private submarine set for deliverynews Rob Hodgetts 3 Oct 23 0A 5.2 million euro submarine, dubbed the world’s fastest private submersible, will be delivered to its owner in late 2023, according to manufacturer U-Boat Worx.… Read more
NEOM: Superyacht repair facility set for Saudi Red Sea resortnews Rob Hodgetts 28 Sep 23 0Superyachts heading to the luxury Saudi Arabian island of Sindalah will be able to put in for repairs at a huge facility planned for the… Read more
Ares Shipyard launches luxury brand Ares Yachtsnews Rob Hodgetts 28 Sep 23 0Turkish boatbuilder Ares Shipyard is developing a number of luxury vessels under its new superyacht brand Ares Yachts. The Antalya-based company, launched in 2006 by… Read more
Jaffa & Co launches Jaffa Privé to advise on superyachtsnews Rob Hodgetts 27 Sep 23 0Law firm Jaffa & Co has launched Jaffa Privé to offer advisory services to superyacht and business jet owners. The group, based in Mayfair, London,… Read more
Celebrity superyachts: top three worth $1.29bnnews Mike Stones 11 Sep 23 0The top three celebrity superyachts have a combined value of $1.29bn, according to new research from yacht charter firm Ritzy Charters. Leading the fleet in… Read more
Yacht fire: Luxury vessel Irmao sinks off Spanish islandnews Mike Stones 14 Aug 23 0The 90-ft (27.34m) luxury yacht Irmao has sunk off the Spanish Balearic Island of Formentera after a devastating fire on Saturday, August 12th, confirms the… Read more
Luxury yacht attacks to intensify, warns MedAirenews Mike Stones 1 Aug 23 0Attacks on luxury yachts by environmental protestors in Europe are likely to become more common, warns security, medical and travel consultancy MedAire. Tighter security and… Read more
