News

Southeast Asia Yachting Conference, Singapore, Singapore Yachting Festival, ONE°15 Marina Sentosa, Marco Valle, Arthur Tay, Icomia, Peter Mahony

Azimut-Benetti Group CEO Marco Valle joins keynote panel at the Southeast Asia Yachting Conference

Leave a Comment / News / yachtstyle2020

Azimut-Benetti Group CEO Marco Valle joins keynote panel at the Southeast Asia Yachting Conference

March 20, 2025
12:35 pm

Held over two days before the 3rd Singapore Yachting Festival commences on April 10, 2025, the SEAYC has a full roster of expert speakers and enlightening themes relevant to the region.

The Southeast Asia Yachting Conference 2025 (SEAYC 2025) is shaping up to be a must-attend event in Singapore next month. Bringing together key industry leaders, marina developers, yacht builders, charter operators, and marine technology innovators to explore the future of yachting in the region, the annual event is being held over the two days prior to the 3^rdSingapore Yachting Festival. This two-day conference will feature expert-led panels, in-depth discussions on infrastructure, sustainability, and market trends, as well as dedicated breakout sessions for targeted industry engagement. Attendees will gain valuable insights into the evolving yachting landscape, from the rise of superyacht exploration to advancements in renewable energy and biofuels.

Day 1 of SEAYC 2025 opens on the morning of April 8, 2025, with a high-profile keynote panel, featuring Marco Valle, CEO of Azimut-Benetti Group, and Arthur Tay, Chairman of SUTL and ONE°15 Marina. This exclusive discussion will provide valuable insights into market trends, sustainability, and the evolving landscape of luxury yacht ownership and marina development in Southeast Asia.

Following this opening, the conference moves into the first industry-discussion Panel 1, entitled Masterplanning: Future Asian Coastal Marina Developments, moderated by Jonathan Sit of SUTL Enterprise, in which marina development experts discuss the increasing demand and upcoming waterfront projects across Asia.

This is followed by a presentation on the Hong Kong International Airport Skytopia Development Blueprint by Cissy Chan from Airport Authority Hong Kong, who outlines plans for the airport’s waterfront expansion, including a proposed 500-vessel marina.

The focus then shifts to the charter and tourism sector with Panel 2, Tourism and Chartering: Market Trends Across Southeast Asia, led by Mike Sagar from Ankor Software, who analyses the evolving charter market and regional tourism opportunities. Vu Tran of Tam Son is also to provide insights into Vietnam’s growing role in yachting and tourism.

The afternoon sessions begin with Icomia: Propelling Our Future, presented by Joe Lynch, the CEO International Council of Marine Industry Associations (Icomia) addressing global initiatives and future developments in the yachting industry. This segues into Panel 3 – Technology Transforming the Yachting Landscape – which explores the latest advancements in electrification and onboard systems, industry challenges, and potential solutions.

Sustainability will be a key focus later in the day with Renewables and Biofuels in Singapore and Southeast Asia, presented by Neste, which operates a Singapore-based renewable diesel refinery. This will set the stage for Panel 4 – Where to Next: Rise of Alternatives and Sustainability – examining innovations in sustainable yachting, how yacht builders, service providers, and marinas can implement these solutions today, and future strategies for industry-wide adoption.

An impressive collection of regionally-informed panellists are secured for what promises to be an authoritative conference on April 8-9, 2025 in Singapore

On Day 2, the focus shifts to operational challenges and opportunities in Southeast Asia. The day opens with Panel 5 – Superyacht Builders: Challenges and Expectations in the Region – featuring Peter Mahony, General Manager, APAC, Benetti Yachts and Chris Blackwell from Echo Yachts, who discuss the evolving demands of superyacht owners operating in Southeast Asia. This will be followed by Panel 6 – Southeast Asia Corridor: Working with Neighbouring Regions, led by Suzy Rayment from the Asia Pacific Superyacht Association, exploring cross-border collaboration opportunities, key factors driving yacht movements in the region, and the origins of incoming vessels.

The final sessions will centre on infrastructure development, beginning with Panel 7 – Ready the Yards: Infrastructure Opportunities and Warranty Constraints – featuring industry experts who will discuss the challenges and opportunities in developing yacht maintenance facilities across the region.

The conference concludes with Breakout and Experience Sessions (3pm-5pm), offering tailored networking opportunities for industry professionals, including sessions focused on marinas, captains, the superyacht sector, and marine industry connections.

For more details visit: https://singaporeyachtingfestival.com/

Singapore to host Bluegame BGM75’s APAC premiere

Leave a Comment / News / yachtstyle2020

Singapore to host Bluegame BGM75’s APAC premiere

March 20, 2025
11:39 am

Bluegame’s first multihull motoryacht has been added to Simpson Marine’s impressive line-up at the Singapore Yachting Festival in April.

The BGM75 is Bluegame’s first multihull

Sanlorenzo Asia-Pacific will host the Asia premiere of Bluegame’s BGM75 multihull motoryacht at this year’s Singapore Yachting Festival, which will be held at ONE°15 Marina Sentosa Cove from April 10-13. Prior to the four-day show, ONE°15 Marina Sentosa Cove will host the two-day Southeast Asia Yachting Conference (April 8-9) and Yacht Style Awards on the Wednesday evening (April 9).

The BGM75 is among five yachts to be exhibited at the third Singapore Yachting Festival by Simpson Marine, which represents Sanlorenzo and sister brand Bluegame across Asia-Pacific. The dealership previously announced the presence of Sanlorenzo’s SL96A asymmetric planing yacht, semi-displacement SD96 and SX88 crossover yacht, while Bluegame’s BGX63 is also part of the display.

The BGM75 includes drop-down sides

However, the regional dealership recently announced the addition of the BGM75, which is the Italian brand’s first multihull motoryacht and had its world premiere at the 2023 Cannes Yachting Festival.

Nick Stratton, Vice President of Sanlorenzo Asia-Pacific, said: “We are delighted to return to the Singapore Yachting Festival, which continues to grow as one of Asia’s premier yachting showcases. As the Sanlorenzo and Bluegame fleet continues to expand across Asia-Pacific, we’re pleased to display all three ranges from Sanlorenzo’s Yacht Division – the timeless SL planing range, the semi-displacement SD long-range series and the innovative SX crossover line.

Main-deck interior on the BGM75

“We’re also delighted to show models from Bluegame’s BGX and BGM lines, including the first BGM75 in the Asia-Pacific region, which is historically very successful for multihull sales with customers actively seeking for larger living spaces, more comfort and stability at sea. With the BGM75 they don’t have to compromise on any of that.”

Simpson Marine is currently marking 10 years of representing Sanlorenzo in Asia and a year since its acquisition by the Italian shipyard, since when the dealership has represented both Sanlorenzo and Bluegame across Asia-Pacific, including Australia.

The SX88 and SL96A will again be part of the Sanlorenzo line-up in Singapore

“Sanlorenzo’s presence at this year’s Singapore Yachting Festival highlights our commitment to delivering the finest in yacht design and innovation,” Stratton said. “Each yacht on display reflects our philosophy of tailor-made luxury, offering owners an unparalleled level of customisation and comfort.”

For Yacht Style’s March 6 preview of the Singapore Yachting Festival, click here.

simpsonmarine.com

Paolo Vitelli Foundation transforming Asilo Picco nursery

Leave a Comment / News / yachtstyle2020

Paolo Vitelli Foundation transforming Asilo Picco Nursery

March 18, 2025
11:54 pm

Founded by Giovanna Vitelli in tribute to her late father, the Foundation has begun renovating Avigliana’s oldest kindergarten.

CGI of the renovated Asilo Picco, with a view of Avigliana Castle

The Paolo Vitelli Foundation has begun transforming the historic Asilo Picco into a modern nursery for children of Azimut employees and local children in Avigliana, a town and municipality west of Turin in northwest Italy. The renovation project is scheduled to be completed by the summer, with the new-look kindergarten ready to welcome children for the school year starting in September 2025.

Giovanna Vitelli, Chair of Azimut-Benetti Group, created the Paolo Vitelli Foundation in tribute to her late father, who founded Azimut in 1969 and acquired Benetti in 1985. For over 30 years, Azimut has had roots in the Avigliana area, where it has its headquarters and one of its main production sites.

Asilo Picco – which translates as ‘Kindergarten Peak’ – was founded in 1871 and is the oldest nursery school in Avigliana. Until a few weeks ago, Asilo Picco was at risk of closing due to the decrease in enrolments and the need for major renovation work.

However, a foundation stone was recently laid to mark the beginning of the project, which will transform the nursery into a modern educational centre for children from 3 months old to six years. Financed by the Paolo Vitelli Foundation, the work is being carried out in collaboration with the kindergarten and the Municipality of Avigliana.

The project includes complete renovation of the interiors, renewal of the furnishings and restyling of the garden, which overlooks the ancient Avigliana Castle. An educational garden will allow children to get closer to nature and learn to care for the ecosystem through the practical experience of growing and caring for plants.

azimutbenetti.com

Ocean Marina Jomtien earns Platinum status

Leave a Comment / News / yachtstyle2020

Ocean Marina Jomtien earns Platinum status

March 18, 2025
11:44 pm

Southeast Asia’s biggest marina has been accredited as a Platinum 5 Gold Anchor Marina, Superyacht Ready Marina and International Clean Marina.

Ocean Marina Jomtien is now a Platinum 5 Gold Anchor and Clean Marina accredited marina

Ocean Marina Jomtien has become Thailand’s first Platinum 5 Gold Anchor Marina, the Marina Industries Association (MIA) announced. The accreditation will be formally presented to representatives of Southeast Asia’s largest marina at the Nautilus Marine Insurance Marina of the Year Awards in Sydney on May 6.

The global accreditation is the highest accolade awarded in the industry and is reserved for marinas “that offer their customers a comprehensive and unique marina experience by providing unparalleled boating facilities, tailored and personalised service, and an outstanding array of high-quality amenities”, the MIA stated.

Scott Finsten, Marina Manager at Ocean Marina Jomtien, said: “We have worked very hard for this, and I am so proud. This is a tremendous achievement for our team. We examined every one of the 86 criteria assessed and set about determining what we needed to do to meet the Platinum 5 Gold Anchor standard for each one.

Ocean Marina Jomtien is a gateway to the Gulf of Thailand

“It was a great way to analyse our operations, but importantly, it was a wonderful bonding experience for the team to work together to pursue this goal. It is wonderful for them all to share in this great achievement.”

Situated in Jomtien, south of Pattaya, Ocean Marina Jomtien has over 450 modern berths providing safe anchorage for yachts up to 75m. The Gold Anchor assessment includes an independent survey of berth holders, and the marina scored an impressive 97 per cent in this category.

Napong Paripontpochanapisuti, Managing Director of marina owner Ocean Property, said: “While we are very proud to be recognised for our facilities, we appreciate that it is our team who deliver what is most important, and that is a very high level of personalised service. We are very proud and grateful to them.”

The 450-berth marina is in Jomtien, south of Pattaya

As a favoured superyacht berthing destination, Ocean Marina Jomtien has also been accredited as a Superyacht Ready Marina – one of only four accredited in Asia. It was also recognised for its environmental commitment with an International Clean Marina accreditation, and has taken the Marine Sustainability Pledge.

As well as being a gateway to yachting in the Gulf of Thailand, Ocean Marina Jomtien offers a full range of maintenance facilities supported by onsite marine trades and service providers, as well as premium leisure facilities.

Andrew Chapman, MIA’s President, said: “In addition to its berthing and maintenance services, this impressive marina complex incorporates a full-service resort including a 76-room hotel, an array of food-and-beverage options, and high-quality leisure facilities including indoor and outdoor swimming pools, a gymnasium, steam rooms and saunas.

“Business needs can even be taken care of on the go, with access to a full range of business services including meeting spaces.”

oceanmarinajomtien.com

Prestige M8 stars at Asia Yachting Boat Show

Leave a Comment / News / yachtstyle2020

Prestige M8 stars at Asia Yachting Boat Show

March 18, 2025
11:32 pm

Gold Coast Yacht & Country Club in Hong Kong will host a weekend show, which features motor and sailing yachts from six brands.

Prestige M8 in Hong Kong

Asia Yachting is staging a boat show at Gold Coast Yacht & Country Club on Castle Peak Road for the first time, with the dealer showcasing up to nine yachts, boats and tenders from March 22-23. The Asia Yachting Boat Show is open from 11am-6pm on both days, with visitors able to pre-register at: https://asiayachting.net/events/invitation-asia-yachting-boat-show-2025/

A new Prestige M8 is set to be among the stars of the weekend show in Tuen Mun, just months after the 65-footer made its Asia premiere at the Hong Kong International Boat Show in late 2024. The M8 is the flagship of the French builder’s M-Line of multihull motor yachts, which started with the M48 and will expand with the addition of the M7 this year.

Prestige X70 in Hong Kong

An exclusive dealer for Prestige, Asia Yachting will also show several pre-owned models by the French builder, including a Prestige X70 (2021), a Prestige 680 (2020) and a Prestige 520 (2022).

Pre-owned yachts from other leading European brands include an Azimut S6 (2023) and a Ferretti Yachts 650 (2015), as well as a Dufour 41 sailing yacht (2023). The provisional line-up is completed by an Oceania 45 WA motoryacht (2023) from Turkey, and an ABJet 350 XP by Italy’s AB Inflatables.

Azimut S6 in Hong Kong

“The Asia Yachting Boat Show at the Gold Coast Yacht & Country Club will showcase new and used boats for guests and yacht lovers to explore for the best deal this spring,” stated Asia Yachting, whose new yachts portfolio comprises Prestige, Fountaine Pajot, Nautique and AB Inflatables.

“A wide selection of luxury yachts will be on display. Whether you’re an adventurous sailor or a leisure motoryacht lover, you may just find what you want for the upcoming yacht season.”

asiayachting.net

Damen Yachting launches third Yacht Support 53

Leave a Comment / News / yachtstyle2020

Damen Yachting launches third Yacht Support 53

March 18, 2025
10:38 pm

Following Bad Company Support 175 and Five Oceans, the third Yacht Support 53 has been launched in Turkey and is available for a summer delivery.

Damen Yachting has launched the third Yacht Support 53 at its build facility in Antalya, with final outfitting and sea trials to be held in the coming months. Available for a summer 2025 delivery, the 175ft, 499GT yacht has a top speed of 19 knots, a range of 5,000 nautical miles at 12 knots, and accommodation for eight guests and 10 crew plus a captain.

Featuring naval architecture and exterior and interior design by Damen Yachting, the third YS53 features sharp, angular lines and is fronted by an axe bow design engineered to slice through waves and reduce vertical motion for a smoother ride. The high bow and pronounced spray rails keep the deck dry, ensuring safety and comfort while protecting sensitive equipment from salt water.

The forward-raked windows improve visibility in bad weather, increase useable space, and reduce heat and nighttime glare. The yacht has over 200sqm of deck space for water toys and tenders, and includes a 15-tonne crane and a reinforced deck for touch-and-go helicopter operations.

Pim Oostra, Damen Yachting Project Manager for YS 5303, said: “The launch really reflects the fact that this latest Yacht Support design is now coming into its own as a series. We are looking forward to the final build stages as we prepare everything ready for completion this summer.”

The Yacht Support 53 series started with Bad Company Support 175, the mothership of Anthony Hsieh’s fleet dedicated to deep-sea fishing and scientific programmes, and was followed by the blue-hulled Five Oceans, owned by Tommy Allen of Five Oceans Global Solutions. To date, Damen Yachting has delivered over 20 purpose-built support yachts.

damenyachting.com

Lagoon 38 shines in Bordeaux

Leave a Comment / News / yachtstyle2020

Lagoon 38 shines in Bordeaux

March 18, 2025
10:07 pm

NBA champion Boris Diaw graced the private premiere of the brand’s new entry model, which will debut in public at the International Multihull Show.

A violinist kicked off the Lagoon 38 christening

Graced by a former NBA champion, a violinist and two dancers, the private premiere of the all-new Lagoon 38 sailing catamaran was a highlight of this year’s Lagoon Exclusive Days in Bordeaux from March 12-15.

Held by the Garonne river at Beneteau Group’s Construction Navale Bordeaux shipyard, dedicated to Lagoon’s 50ft-plus catamarans, the Lagoon Exclusive Days attracted over 500 guests, with clients, prospects and dealers coming from around the world.

A dancer joins the entertainment

Yacht Style attended the four-day event, which included representatives of Lagoon Asia-Pacific and dealer Asiamarine from Hong Kong, while the Europa Yachts and Tam Son Yachting dealerships attended from the Philippines and Vietnam respectively.

Displayed on land beside the new Iconic versions of the Lagoon 46 and 51, the Lagoon 38 is the new entry model for the world’s leading builder of cruising catamarans, with more than 7,300 yachts built since 1984.

An aerial silk acrobat

With the sun setting, a violinist performed in front of and then on the boat, where she was joined by a balletic dancer. Another performer then appeared from a deck hatch and went on to steal with the show with an acrobatic display using two aerial silks dangling from the forestay.

Boris Diaw – who played basketball in the NBA for 14 years and won the 2014 title with the San Antonio Spurs – graced the Lagoon 38’s private premiere as the ‘godfather’ of the boat, popping champagne. The 6ft 8in Diaw, who owns hull three of the Lagoon Seventy 7, then joined Lagoon Brand Director Thomas Gailly in encouraging the audience to ‘Always Dream Big’.

Boris Diaw and Lagoon Brand Director Thomas Gailly

A successor of the former Lagoon 380, which sold about 900 units, the Lagoon 38 has been inspired by the new Lagoon 43 that debuted last year, with the new model also featuring naval architecture by VPLP Design, exterior design by Patrick Le Quement and interiors by Italy’s Nauta Design.

The 37ft 4in hull has an almost 22ft beam, a 4ft-plus draught and an air draught of over 60ft. The rig includes a sail area of 836sqft, comprising a 600sqft square-top mainsail and 236sqft self-tacking jib, with the option of a Code 0 (581sqft). Extended transoms enable easy boarding and can be used for easy access to the water as well as a jumping and diving platform.

A large crowd gathered for the event

On deck, the ‘In & Out’ design concept from the Lagoon 43 is replicated. As well as an aft sofa, the covered cockpit features a flexible dining area to port that can be adjoined to the indoor dining area once the sliding doors are open, creating an elongated social area for a dozen or so people.

The coachroof includes the helm station to starboard, situated opposite integrated solar panels – capable of delivering up to 1,420W – and a forward sunpad to port. A C-shaped sunpad on the foredeck is among other outdoor areas.

Like the Lagoon 43, the Lagoon 38 offers either a symmetrical four-cabin layout or a three-cabin design led by a full-length master suite in the port hull, with the bed situated forward and a bathroom with separate shower aft.

The CNB shipyard is by the Garonne

The structure of the deck and hulls of the CE-A catamaran is created by vacuum-infusion moulding, a process ensuring lighter weight, a higher quality of composite, and reduced environmental impact by the shipyard.

All-natural hemp fibre has been used instead of fiberglass on non-structural pieces, while Lagoon’s advances in bio-sourced resins and vegetal fibres are also visible. Woodwork comes from FSC-certified forests, and recycled materials are used for the standard upholstery.

As well as fuel capacity of 400 litres, the yacht can store between 300-500 litres of fresh water, while the UVOJI water purification system is installed as standard.

Thomas Gailly addresses guests at the Lagoon Exclusive Days

The world premiere of the Lagoon 38 will be held at this year’s International Multihull Show in La Grande Motte on the south coast of France from April 23-27.

Lagoon Exclusive Days guests were also able to see inside the CNB shipyard and view the progress of the brand’s upcoming flagships, the Lagoon Eighty 2 (sail) and Eighty 3 (motor), which are set to debut at this year’s Cannes Yachting Festival (September 9-13) and the 2026 Miami International Boat Show (February 11-15) respectively.

catamarans-lagoon.com

asiamarine.com

Aquitalia 68 Legend for charter in Singapore

Leave a Comment / News / yachtstyle2020

Aquitalia 68 Legend for charter in Singapore

March 13, 2025
4:30 pm

Available for charter through Zenith Yacht Charters, the first Aquitalia 68 with a Pulina-designed interior will again participate at the Singapore Yachting Festival.

Legend, a customised Aquitalia 68 FB (click for Review), is available for charter in Singapore through Zenith Yacht Charters, having been customised and brought to Southeast Asia through the shipyard’s dealer, Raffles Yacht.

Built by Yihong Yachts in Xiamen, China, Legend is the first Aquitalia 68 model to feature an interior by Pulina Exclusive Interiors, the Pisa-based studio founded by Alessandro Pulina with an Asia office in Shanghai.

“The Aquitalia 68 FB is a high-end line yacht with dynamic design, extraordinary craftsmanship, excellent quality and high-end configuration,” Raffles Yacht stated.

One of Aquitalia’s best-selling models, the Aquitalia 68 FB is a 68ft flybridge motoryacht with an expansive 20ft beam. The pet-friendly Legend offers large entertaining spaces in the aft cockpit, flybridge and saloon, making it ideal for hosting exclusive parties for families, friends and business partners.

The huge sunbeds on the large flybridge offer relaxed lounging areas with panoramic view of the surroundings, while the foredeck also has sun loungers and plenty of seating.

Inside, the spacious saloon has a TV and sound system, and is ideal for meetings, product launches and intimate celebrations. The yacht also has a full galley with fridge and oven, a barbecue, plus three cabins and three bathrooms on the lower deck.

Water toys include a paddleboard, kayak and floaties, while options include a jetski, hoverboard and Seabobs. Each charter includes a private two-way limousine transfer and a dedicated butler(s) “to ensure guests experience the best hospitality that Legend offers”.

Legend arrived in Singapore last year, ahead of its regional premiere at the 2024 Singapore Yachting Festival in ONE°15 Marina Sentosa Cove. This year, the yacht will again participate at the Singapore Yachting Festival from April 10-13 and will be berthed at J02, offering late-afternoon cruises for clients and prospects each day.

For charter enquiries, WhatsApp +65 9887-7761 or email info@zenithyachtcharters.com.sg

zenithyachtcharters.com.sg/yachts/my-legend/

rafflesyacht.com.sg

aquitaliayachts.com

Sanya taking shape at Pacific High shipyard

News / yachtstyle2020

Sanya taking shape at Pacific High shipyard

March 13, 2025
1:04 pm

Designed for honeymooners and small families, the 36m phinisi is on track to start chartering in Indonesia in August.

In build in Sulawesi, Sanya is scheduled to start chartering in August

Sanya’s construction at the Pacific High shipyard in Sulawesi remains on schedule for completion in July and for the 36m phinisi to begin chartering in August. A larger ‘sistership’ to the 31m Senja, Sanya is being built for Alur Biru Maritim and builds upon the success of her predecessor with increased length, enhanced guest accommodation and a striking navy-blue hull.

Matthieu Lavoine, CEO of Alur Biru Maritim, said: “We chose Pacific High because of their proven expertise in yacht construction, bespoke yacht design and charter management. After experiencing Senja privately, we knew Pacific High was the ideal partner to realise our vision.

“This marks the beginning of a long-term partnership between PT Alur Biru Maritim and Pacific High, with additional yacht projects and collaborative developments already planned for the future.”

The 36m Sanya (CGI above) is an evolution of the 31m Senja

Purpose-built for honeymooners and small families, Sanya can comfortably accommodate up to five guests.

The master suite, a highlight of Sanya’s design, offers a 270-degree ocean view, king-sized bed and a convertible sofa ideal for a child, as well as a private terrace with lounge seating, dining area, large daybed and direct sea access. A lower-deck double cabin provides additional guest accommodation in a well-appointed private setting.

Common areas include an expansive foredeck featuring alfresco dining for five and multiple lounge areas, while the top-deck cocoon sunbed – among Senja’s most popular features – provides a secluded retreat.

CGI of the stunning master suite on Sanya

While Sanya retains Senja’s overall aesthetic and layout, the increased length allows for a larger engine room, expanded storage capacity and improved crew quarters, which can accommodate 11 staff including a dedicated cruise director and dive master.

With a focus on tailor-made adventures and personalised service, Sanya will offer comprehensive diving experiences with Nitrox capabilities, allowing guests to earn PADI certification during charters.

Yann Martinie de Maisonneuve, Pacific High’s co-founder and Executive Chairman, said: “Sanya is shaping up to be an exceptional evolution of Senja. While the physical layout remains familiar, the real transformation happens behind the scenes, with enhanced space, efficiency and crew accommodation.

“We’re committed to ensuring Sanya not only meets but surpasses the expectations of our charter guests, offering the perfect balance between exclusivity, privacy and adventure.”

pacifichighcruise.com

Ferretti Group beat financial expectations last year

Leave a Comment / News / yachtstyle2020

Ferretti Group beat financial expectations last year

March 13, 2025
12:27 pm

Order book reaches all-time high of €1.7 billion, up 25.5 per cent compared to September 30 2024, and up 11.6 per cent YoY.

At the end of February, the board of directors of Ferretti Group reviewed and approved the consolidated preliminary financial results as of December 31, 2024. The Group beat 2024 guidance with an EBITDA margin of 16.2 per cent, outperforming expectations (16.0-16.1 per cent) and positions itself in the upper range of net revenue new yachts with €1,173.3 million, an increase of 5.6 per cent when compared to 2023.

“We close 2024 with great optimism and the satisfaction of having achieved extraordinary milestones,” said Alberto Galassi, the Group’s Chief Executive Officer. “Our steady growth, year after year, has allowed us to achieve unprecedented results, both in terms of order backlog and margins, confirming the solidity of our strategy and the strength of our brands in the market.”

The adjusted EBITDA of €190 million, representing an increase of 12.3 per cent when compared to 2023 and with a margin of 16.2 per cent, represents an increase of 100bps when compared to 2023.

Net profit was equal to €88.2 million, an increase of 5.6 per cent when compared to 2023. Order intake reached €1.14 billion in 2024, up 1.7 per cent compared with 2023; net backlog is at an all-time high, reaching €900 million; and a net financial position of €124.6 million of net cash as of December 31, 2024

“The order backlog has reached a record of €1.7 billion, marking an 11.6 per cent increase compared to 2023 and an impressive 25.5 per cent growth compared to the first nine months of 2024,” Galassi said. “This is our best result ever, driven not only by the exceptional performance of the last quarter but also by the continuous trust our customers place in our ability to innovate, ensure quality, and deliver maximum reliability.

“In terms of profitability, we have exceeded our 2024 guidance with a 16.2 per cent margin, a result that reflects our operational efficiency and our ability to maintain high profitability levels. This is further proof of our capability to generate value by maximising resource efficiency and continuously improving financial management.

“These achievements strengthen our determination and propel us forward with even greater momentum. For this reason, we will continue to invest in expanding our global presence, focusing on technological innovation and enhancing our product range, with the goal of further solidifying Ferretti Group’s leadership.”

Order intake by geographic area

Europe totalled €559.0 million, accounting for about 49.1 per cent of total order intake in 2024 (from €483.6 million, accounting for about 43.2 per cent of total order intake in 2023), mainly due to the growing demand in the Made-to-measure and Super Yacht segments.

MEA totalled €339.5 million, accounting for about 29.8 per cent of total order intake in 2024 (from €273.8 million, accounting for about 24.4 per cent of total order intake in 2023), mainly due to the growing demand in the Made-to-measure and Super Yacht segments.

APAC totalled €18.6 million, accounting for about 1.6 per cent of total order intake in 2024 (from €65.8 million, accounting for about 5.9 per cent of total order intake in 2023).

AMAS totalled €222.2 million, accounting for about 19.5 per cent of total order intake in 2024 (from €297.1 million, accounting for about 26.5 per cent of total order intake in 2023). This result is due to the delay in the start of the American season, especially in the Composite segment, because of the elections in the United States in November 2024.

However, the Group sees a potential that is still partially untapped in the growth of the AMAS region in 2025, supported by the possible restoration of the Tax Cuts and Jobs Act (which allows for 100 per cent deductibility of boats for three years).

The Board of Directors also appointed by co-optation the directors Tan Ning and Hao Qinggui; approved the new composition of the Remuneration Committee, Sustainability Committee and Strategy Committee; and appointed the new director in charge of the internal audit and risk management system.

Convergence 2025 in Bangkok

From February 25-28, more than 100 yachting professionals met in the Thai capital to discuss innovation, safety, and prospects for the future at the 18th edition of Convergence – the annual event for captains and chief engineers of Ferretti Group yachts.

The three days of technical updates, discussions and team-building provided the opportunity to report on the Group’s recent successes, present new models and explore the latest product innovations, as well as arranging an exclusive visit to the Grand Palace. The training programme’s theme was New Challenges in Yachting Safety: Adapting to Emerging Risks, New Technologies, and Changing Scenarios.

ferrettigroup.com

ferretti-yachts.com

ferrettigroupasiapacific.com

Cantieri di Pisa refitting over 30 yachts

Leave a Comment / News / yachtstyle2020

Cantieri di Pisa refitting more than 30 yachts

March 13, 2025
11:57 am

The refit division of the rejuvenated Pisa shipyard has enjoyed a huge swell in orders since being acquired by Enrico Gennasio.

Riding a wave of new orders, Cantieri di Pisa’s refit division is currently working on over 30 projects following a fivefold increase in turnover in 2024 compared to the previous year.

The most recent orders secured by the shipyard’s refit division include a 50m Benetti, 41m Feadship and a 43m Perini Navi sailing yacht, with the latter having its mast removed before entering the Canale dei Navicelli on its way to Cantieri di Pisa. The three superyachts will shortly be handed back to their owners following various work, including painting and class renewal.

Marco Massabò (click for interview), Cantieri di Pisa’s CEO, said: “We’re very proud of these recent orders. The refit division is growing in terms of both sales, which are five times up on the previous year, and total work area.”

Massabò revealed that the area in the yard dedicated to refit work now covers 24,000sqm, with the division’s employees now numbering around 20, with another 10 or so “joining shortly”. He estimated that each project involves a workforce of between 200-300 people along the supply chain. The shipyard owns a trolley and travel lift, both with a 300-tonne capacity.

Cantieri di Pisa stated that the key strengths of the refit division are close collaboration between the Research & Development department and the yachts’ captains. Like the custom division, the refit division offers Cantieri di Pisa’s know-how in the processing of carbon fibre, fibreglass, steel and aluminium using the 45-degree welding technique currently used in Northern Europe.

Umberto Nannola, Cantieri di Pisa’s Refit Manager, has worked at the Pisa shipyard since 1999 and believes the refit division has deserved its recent success.

“Among the refit division’s value-added factors, in addition to the company’s huge expertise, is its commitment to honouring the price agreed in the initial phase, even though in operations like these – lasting months – conditions may vary, making it necessary to reschedule or revise work in progress,” Nannola said.

“What’s more, customers perceive the efficiency and harmony between the various parts of the yard that have characterised this company in recent years. This is borne out not only by the number of orders but also by geographically distant customers deciding to call on us rather than yards closer to them.”

Cantieri di Pisa delivered over 700 yachts from 1945-2012. In 2021, it was bought and relaunched by Enrico Gennasio (click for interview) and embarked on a new era of new builds and refits.

cantieridipisa.com

Albatross extended and refitted

Leave a Comment / News / yachtstyle2020

Albatross extended and refitted

March 13, 2025
10:19 am

Damen Yachting has revealed the 79.2m Albatross at it nears completion of a 26-month refit and extension.

Damen Yachting has splashed the 79.2m, 2,149GT Albatross, as the newly extended yacht entered the water ahead of final outfitting and sea trials following a 26-month refit in the Netherlands.

Albatross was originally a 72.2m superyacht built in the US by Delta Marine and delivered in 2016, with exterior design by Monaco-based Espen Oeino International and interiors by Zuretti Design, headquartered in Nice. Its original volume of 2,066GT made it the second most voluminous yacht built in North America.

The extensive refit project at Damen Yachting – which began in early 2023 – includes a 7m extension, which resulted from the removal of 10m and the addition of 17m. London-based Harrison Eidsgaard oversaw the redesign of the exterior and interior, with new highlights including a beach club featuring a wellness centre, large exterior pool, winter garden and enlarged exterior seating areas.

Michel Coens, Head of Refit & Services at Damen Yachting, said: “It has been an incredible journey undertaking the refit of Albatross in collaboration with everyone involved including the owners’ team, Harrison Eidsgaard and our Amels Refit specialists.

“The scale and magnitude of this refit has been a team effort. We have reconfigured the layout and carried out major engineering reworks. Her transformation is stunning. You can still see hints of her original DNA, which have been reshaped and reworked to meet the owners’ needs moving forward.”

Damen Yachting stated that the biggest challenge was the extension of the hull and ensuring the yacht’s stability. To be able to do this, the exhaust systems were lifted due to the increased weight and re-engineering of systems. Albatross has accommodation for 12 guests and two staff, as well as 18 crew plus the captain, who relayed the clients’ sentiments.

“The owners are passionate about boating and are eagerly awaiting the boat’s return,” said Captain Nathan Milicich.

As well as having a refit division, Damen Yachting – the yachting division of the Damen Shipyards Group – builds Amels superyachts, Xplorer luxury expedition yachts and Yacht Support vessels.

damenyachting.com

Asia's leading yachting lifestyle media

News

SHARE

Azimut-Benetti Group CEO Marco Valle joins keynote panel at the Southeast Asia Yachting Conference

SHARE

Editor's Picks

SHARE

Singapore to host Bluegame BGM75’s APAC premiere

SHARE

Editor's Picks

SHARE

Paolo Vitelli Foundation transforming Asilo Picco Nursery

SHARE

Editor's Picks

SHARE

Ocean Marina Jomtien earns Platinum status

SHARE

Editor's Picks

SHARE

Prestige M8 stars at Asia Yachting Boat Show

SHARE

Editor's Picks

SHARE

Damen Yachting launches third Yacht Support 53

SHARE

Editor's Picks

SHARE

Lagoon 38 shines in Bordeaux

SHARE

Editor's Picks

SHARE

Aquitalia 68 Legend for charter in Singapore

SHARE

Editor's Picks

SHARE

Sanya taking shape at Pacific High shipyard

SHARE

Editor's Picks

SHARE

Ferretti Group beat financial expectations last year

SHARE

Editor's Picks

SHARE

Cantieri di Pisa refitting more than 30 yachts

SHARE

Editor's Picks

SHARE

Albatross extended and refitted

SHARE

Editor's Picks