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Ferretti Group beat financial expectations last year

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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

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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

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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

Burgess celebrating 10 years in Asia

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Burgess celebrating 10 years in Asia

March 11, 2025
3:53 pm

Burgess’ Asia team is celebrating a decade of operations, buoyed by another impressive year of superyacht transactions in the region.

A 55m Amels was among four yachts transacted by Burgess’ Asia team in 2024

Burgess is celebrating its 50^th anniversary in 2025, with this year also marking the 10^th anniversary of the establishment of its Asia operation in 2015.

Burgess’ Asia team had another good year in 2024, “despite a combination of geo-political uncertainty, macro-economic challenges, and military activity in the Red Sea resulting in a generally slow brokerage market in the region”, according to Burgess.

On the brokerage side, the Asia team transacted four yachts in 2024: a 55m Amels, Sanlorenzo Exp460 (43m), Custom Line Navetta 42 and Princess X95 (29m), which were all relatively recent builds, delivered from 2018 onwards. The team also oversaw the handover of another Custom Line Navetta 42 that it brokered in 2023.

Custom Line’s Navetta 42 has proved popular in Asia

“The brokerage market in 2025 also looks promising,” stated Burgess, whose Asia central agency fleet comprises five yachts from 35-80m.

On the charter side, the Asia team booked multiple charters in 2024 on yachts ranging from 30-73m to various destinations in the Mediterranean, Asia and even Mexico. Burgess’ Asia charter fleet currently includes the 85m Wanderlust, 68m Starlust and 36m Octave, while its yacht management team in Asia continues to support a wide range of yachts from 36-85m.

From operating as a start-up in Singapore in 2015, Burgess Asia has since expanded its network of offices and representatives to include Hong Kong, Mumbai, Phuket, Shanghai, Tokyo and an ‘Asia desk’ in Monaco. The Asia team has expanded to about 20 staff and representatives, who work closely with Burgess’ global networks of brokers and experts to serve its regional customers.

A Sanlorenzo 460Exp was another 2024 transaction by Burgess in Asia

Over the past 10 years, Burgess’ Asia team has been a regional leader in the large yachts segment. In brokerage alone, Burgess completed 39 yacht transactions for Asia-based clients, with the vessels averaging 53m in length and their total transaction value exceeding US$1.5 billion.

The list includes seven 70m-plus yachts, of which three were transacted in 2023 – a 92m Oceanco, an 85m Lurssen and a 74m Amels.

“With its strong regional footprint and experienced team of large yachts professionals,” the brokerage stated, “Burgess is looking forward to another 10 years of growth and high-quality service to its Asia clients.”

burgessyachts.com

Greenline 45 Coupe bought with Bitcoin

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Greenline 45 Coupe bought with Bitcoin

March 11, 2025
3:30 pm

The Slovenian pioneer of ‘responsible yachting’ received payment for a 45 Coupe by cryptocurrency ahead of a June delivery.

Greenline 45 Coupe

Greenline Yachts – whose dealers in Asia include Derani Yachts – has announced that it received full payment for a 45 Coupe by Bitcoin, marking the first full crypto transaction for the Slovenian shipyard. The deal was inked at Boot Düsseldorf 2025, with the funds received in February. Greenline’s motoryachts range from the 39 to the 58 and are offered with conventional, hybrid or electric drives.

Vladimir Zinchenko, founder, owner and CEO of Greenline and GX Superyachts, said: “We have been allowing customers to pay in Bitcoin since 2018, but this is the first owner to take us up on it. We have got close a couple of times, but never cleared the final hurdle. This time it was different, and the transaction proceeded very smoothly. We would welcome future payments in cryptocurrency.”

The buyer was introduced by Yacht Partners International in Greece, and he quickly reached the contract stage for the 45 Coupe. Signing at Düsseldorf allowed him to benefit from Greenline’s usual boat show offer, providing an express build slot for summer delivery the same year. The owner is expected to receive the yacht in June, in time for the Mediterranean summer.

A 45 Coupe fitted with solar panels on the hard top

Although the buyer’s funds were held in Bitcoin, they arrived in Greenline’s client account in Euros. The transaction was enabled by BitPay, a US-based company providing mobile checkout services to businesses looking to accept cryptocurrency. BitPay has a European regulatory presence, which made the process of accepting the money barrier-free.

Merrick Theobald, BitPay’s Vice President of Marketing, said: “At BitPay, we believe in the transformative power of cryptocurrency to revolutionise industries across the globe. This milestone transaction with Greenline Yachts is a perfect example of how Bitcoin is reshaping the luxury goods market.

“By embracing crypto payments, Greenline is not just enhancing the buying experience for their customers but also embracing the future of finance. As more businesses and consumers see the value of digital currency, it’s clear that cryptocurrency is here to stay, especially for high-value purchases like a luxury yacht.”

An office will be fitted instead of a third cabin

Greenline said the owner selected the Coupe version of the yard’s best-selling model because it devotes much of the hard top to solar panels. With a maximum power rating of 2,200W, the array can generate up to 13.2kWh on a sunny day in Greece, where the new boat will be kept. It enables the yacht to spend more than four days at anchor without having to fire up a generator, so delivering a silent, emissions-free yachting experience.

The new boat will also feature an office space instead of the standard third cabin to starboard, between the master and VIP double cabins. The solar panels will help to power high-speed internet and IT in the office, enabling the owner to stay away from port for longer.

Zinchenko said: “We’ve always looked to the future at Greenline Yachts, as much for the boats themselves as for the experience of buying and owning them. We were quick to recognise the promise of hybrid electric propulsion, large-scale solar generation and remote boat monitoring. That principle has come full circle with an entirely digital transaction in Bitcoin.”

greenlinehybrid.com

derani-yachts.com

Maiora presents new M line

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Maiora presents new M line

March 11, 2025
1:02 am

Part of Next Yacht Group, the Italian brand is embarking on a new chapter with the M36, a 122ft flybridge model designed with Quartostile.

Maiora has presented the M36, with the first unit scheduled to launch in the summer of 2026. The flybridge yacht will be built at the brand’s production site in Viareggio, which features eight dedicated stations for yacht construction.

Part of Next Yacht Group along with AB Yachts, Maiora is embarking on a new chapter with the M36, which is the first model in a new ‘M line’ and marks “a significant evolution for the shipyard while preserving the identity that has defined half a century of success”.

The 122ft superyacht has a 27ft beam and accommodation for up to 12 overnights guests in a main-deck owner’s suite and four lower-deck guest cabins, plus five crew in three crew cabins. Twin MAN V12-2200 or MTU 16V2000 M96L engines provide top speeds of 24 knots and 30 knots respectively.

The M36 has been designed with Quartostile, the Torino-based studio renowned for its work in the yachting sector – including on Maiora’s 36 Exuma – and the automotive industry, where it has worked with the likes of Maserati, Alfa Romeo and Giugiaro. Maiora stated the M36’s profile “evokes a sense of dynamism, creating a perception of movement, even when the yacht is at anchor”.

Quartostile commented: “Our goal was not simply to design the lines of a yacht, but to write a new chapter, establishing features and content that can be applied across different sizes and setting a benchmark for the brand’s future.

“Behind this vision lies an approach that goes beyond mere form creation – a design process based on close collaboration with the shipyard’s teams, refining every stylistic solution through advanced engineering. Every curve, every surface, every detail is meant to express our belief that design is a language capable of evoking emotions and transforming navigation into an unparalleled experience.”

The full-length flybridge can be configured by the owner. CGIs show an aft deck dedicated to sofas and sun loungers, while the area covered by the hard top includes a dining table and outdoor galley and bar. Forward of the pilot house is a large social area with sofas and sunpads, which overlook a spa pool in the bow.

The beach club includes a glass-backed swimming pool that can be covered and walked on. The aft pool is flanked by steps up to an open cockpit, which features aft-facing sofas and can be expanded by fold-down bulwarks. The cockpit leads into the saloon through a huge opening created by sliding doors.

The saloon features sliding side doors that open the inside to the outside, while the full-beam owner’s suite features expansive windows.

Acube Design, with over 20 years of experience in the industry, designed the M36 interiors in collaboration with the shipyard’s Centro Stile (style centre). The US-based architectural studio focused on “the beauty of simplicity through organic forms and natural materials”.

Moving away from rigid geometries, the project’s heart lies in fluid shapes that draw inspiration from the natural flow of marine elements, with soft curves and continuous surfaces that enhance a sense of harmony and relaxation.

Acube Design commented: “With the Maiora M36, we aimed to embody an innovative vision, where form, function and connection with the sea seamlessly merge. The M36 breaks down all barriers between interior and exterior, maximising the relationship with the surrounding environment.

“The teak flooring extends into the interiors, reinforcing the concept of a boundless space, while handcrafted leather details and artistic references transform each area into a sophisticated and contemporary masterpiece.”

maiora.it

nextyachtgroup.com

Yacht Style Awards 2025 categories revealed today – book your seats!

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Yacht Style Awards 2025 categories revealed today - book your seats!

March 6, 2025
4:12 pm

With this year’s Yacht Style Awards categories revealed today, the night of excitement will be held at ONE°15 Marina Sentosa Cove on April 9, ahead of the Singapore Yachting Festival. Secure your seats at the region’s premier yachting industry awards event now at early-bird rates.

The Yacht Style Awards and gala dinner, an established and essential event in the yachting calendar, is set to return on Wednesday evening, April 9, at ONE°15 Marina Sentosa Cove, on the eve of the third Singapore Yachting Festival.

The lavish gala dinner in the Constellation Ballroom will feature an invitation-only audience of more than 350 VIPs, yacht owners and prospects, and major personalities in the yachting industry. It offers an opportunity for attendees to network and engage with yacht designs, trends and innovative solutions shaping the future of the industry.

Recognising the best of the yachting industry in the extended Asia region and internationally, 30 Award categories will be presented, designed to showcase excellence and creative flair in the industry both regionally and internationally.

Criteria for the yacht categories include innovation, design, build quality, environmental responsibility, owner experience, personal achievements and a focus on the Asia market.

Categories

Motoryacht Under 10m

Motoryacht 10-13m
Motoryacht 13-15m
Motoryacht 15-18m
Motoryacht 18-21m
Motoryacht 21-24m
Motoryacht 24-30m

Power Catamaran Under 15m
Power Catamaran Above 15m
Sailing Yacht Under 20m
Sailing Yacht Above 20m
Sailing Catamaran
Most Active Global Yacht Group

Superyacht 30-40m

Superyacht 40-60m
Superyacht 60-80m
Superyacht Above 80m
Builder in Asia
Phinisi Builder & Charter
Domestic Dealer in Asia
Regional Dealer in Asia
Global Brokerage in Asia Under 40m
Global Brokerage in Asia Above 40m
Global Charter Company in Asia
Asia-Based Charter Company

Marina in Asia
Yacht Club in Asia
Sailing Event in Asia
Sustainability Leader & Organisation

Legacy Maker

Sponsorship opportunities are still available.

Book your seats or tables today and enjoy an early-bird discount (10%) up to Friday, March 21 inclusive.

Secure your tickets on:

https://www.eventbrite.sg/e/yacht-style-awards-gala-dinner-2025-tickets-1262093669139

For more information and remaining sponsorship opportunities, email awards@lux-inc.com

yachtstyle.co

International Multihull Show set for record edition

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International Multihull Show set for record edition

March 6, 2025
3:20 pm

Due to a growing in-water line-up, the five-day event at La Grande Motte will include separate displays for sailing multihulls and power catamarans.

The area shown top left will be dedicated to power catamarans

This year’s International Multihull Show in La Grande Motte “is shaping up to be the most successful ever”, according to organiser M2Organisation, which is anticipating a record 75 yachts and 170 exhibitors.

For the first time, the five-day event in southern France will include a separate display for power catamarans, with up to 20 multihull motor yachts expected in the new in-water zone. On land, the exhibitors’ village has been redesigned and expanded, and will showcase equipment manufacturers, designers and other service providers, as well as the Multihull Design & Innovation zone.

The line-up of yachts could feature as many as nine world premieres – including the Lagoon 38 and Excess 13 sailing catamarans – as well as four Europe debuts.

The Lagoon 38 is the brand’s new entry model

The Lagoon 38 will have its world premiere, a few weeks after its private showing at the Lagoon Exclusive Days in Bordeaux in March. The world’s leading builder of cruising catamarans will also show its 43, 51 Iconic, 55 and 60 sailing catamarans, while a Lagoon 42 and two units of the Lagoon 46 will be shown by charter companies.

Excess, also part of the Beneteau Group, will stage the global debut of the Excess 13 alongside the Excess 11 and Excess 14.

Fountaine Pajot is showing five sailing cats – an Astrea 42, Elba 45, Tanna 47, Aura 51 and Samana 59. Bali, of the Catana Group, is showing six, ranging from the Catsmart (39ft) and Catspace (40ft) to the 4.2, 4.4, 4.6 and flagship 5.8, while another Catsmart and Bali 5.4 are being exhibited independently, according to a provisional line-up of yachts.

Fountaine Pajot is among the major exhibitors

Leopard, which builds in Cape Town, is showing a Leopard 42 and a Moorings 5000 – a charter version of the Leopard 50 – while the Knysna 500SE is also from South Africa.

Chinese shipyards will have a significant presence, with Heysea staging the global debut of its Seaview 59 by British designer Bill Dixon, and HH Catamarans exhibiting an HH44.

The aluminium Tortue 147 will have its world premiere, while other sailing cats include the Orc 57, Outremer 55 and 52, Nautitech’s 48 Open and 44 Open, Comar Yachts’ C-Cat 48 and C-Cat 38, Aventura 45 and 37. The Neel 52, Neel 43, Dragonfly 36, Tricat 30 and Tricat 8.50 are among sailing trimarans.

Power and sailing cats will be separated this year

Among power catamarans, Aventura is set to stage the world premieres of its 38 SC (Sport Cruiser) coupe and 38 MY (Motor Yacht) flybridge model, both built in Tunisia.

Aquila is set to display its 50 Yacht and 42 Yacht inboard flybridge models, and 36 Sport and 32 Sport outboard coupes. Leopard will show its 40 Powercat, 46 Powercat and 53 Powercat flybridge models plus a Moorings 403, a three-cabin charter version of its 40 Powercat, while Poland’s Dracan Marine will exhibit its Dracan 42.

The Beneteau Group is represented by the Prestige M48 and Four Winns TH36, while other powercats from French brands include Fountaine Pajot’s MY6 (46ft) and Catana Group’s Yot 36 and Yot 41 coupes built in Portugal.

multicoque-online.com

Asia premieres to light up Singapore Yachting Festival

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Asia premieres to light up Singapore Yachting Festival

March 6, 2025
12:32 am

Ranging from dayboats to superyachts, the show’s provisional line-up includes over a dozen regional debuts among an impressive array of 70 monohulls and multihulls.

ONE°15 Marina Sentosa Cove will again host the Singapore Yachting Festival

This year’s Singapore Yachting Festival at ONE°15 Marina Sentosa Cove from April 10-13 will feature over 100 brands, with in-water exhibitors including the likes of Absolute, Aquila, Axopar, Azimut, Bluegame, De Antonio, Ferretti Group, Fountaine Pajot, Gulf Craft, Jeanneau, Leopard, Princess, Sanlorenzo, Saxdor, Sunreef and Sunseeker.

The 56m Charley 2 powercat built by Australia’s Echo Yachts and based in Singapore is the show’s largest confirmed yacht to date and among about a dozen or so Asia premieres.

Gulf Craft (pictured above, last year) will be represented by models from its Nomad and Majesty lines

Jonathan Sit, Regional General Manager, ONE°15 Marina, said: “The Singapore Yachting Festival has firmly established itself among the world’s top 10 yacht shows, and this year’s edition is set to be our most dynamic yet.

“Singapore’s position as a global business hub makes it the ideal meeting point for the yachting industry, where new models make their first appearances and serious buyers fly in to experience them first-hand. We are excited to see the Festival evolve, bringing fresh opportunities and fostering deeper connections within the yachting and luxury lifestyle space.”

Azimut’s Seadeck 7 is among Asia-Pacific premieres

Azimut models displayed by Marine Italia include the brand’s 38m Grande Trideck flagship, a Magellano 60, and the Asia-Pacific premiere of the Seadeck 7, while other Italian yachts include Absolute’s Navetta 53 and 52 Fly.

Simpson Marine will show Sanlorenzo’s SL96A asymmetric planing yacht, SD96 model and SX88 crossover yacht, along with Bluegame’s flagship BGX73. Ferretti Group is staging the Asia-Pacific premiere of Wally’s spaceship-like wallywhy150 (79ft) along with a Ferretti Yachts 780 and a Rivamare (39ft) from Riva’s Open series.

Ferretti Group will host the APAC debut of Wally’s wallywhy150

Boat Lagoon Yachting will show the Princess Y95, Y85, Y72, F65 and F55 flybridge motoryachts along with Jeanneau’s Merry Fisher 1295 Fly.

Sunseeker will host the Asia-Pacific premiere of its 90 Ocean alongside a Manhattan 68 in a collaboration with DCH Marine, which will also show Saxdor’s 400 GTC, 320 GTO and 270 GTO. The Axopar 37 model will be shown by Derani Yachts, which will also show a Greenline 48 and Greenline 45.

Axopar models will be shown by Derani Yachts

Gulf Craft models include the Asia debuts of the Nomad 101 and Nomad 70, as well as a Majesty 62, all shown with dealer Magsubsea. Leopard will again have a formidable display, highlighted by the Asia-Pacific premiere of the Leopard 46 sailing catamaran alongside all three of the brand’s powercats: 53 PC, 46 PC and 40 PC.

The new Leopard 46 is part of another strong display from the catamaran brand

Fountaine Pajot’s Alegria 67 and Elba 45 sailing cats, and MY6 powercat will be shown by regional dealer The Yacht Sales Co in a strong show for multihulls. The Aquila 50 Yacht, shown by Marine Italia, and the Sky Walker S60 are among other powercats, while the Rapido 50 sailing trimaran is among Asia premieres.

Under sail, other multihulls confirmed so far are the Seawind 1160XL the trimaran Rapido 50, along with monohull Hanse 460.

Electric boats include the Sunreef 60 Eco (Asia-Pacific premiere) and Silent 62 solar-electric catamarans, and the Noordic 28 motorboat by UX Marine, while water toy demonstrations will also be a highlight of the on-water activity.

Sunreef 60 Eco

On land, the show will again include daily supercar parades and luxury car displays featuring the likes of McLaren, Porsche, Lamborghini and Ferrari, as well as an exclusive Aston Martin showcase. The Festival Market has been expanded to feature a wider range of alfresco food and beverage stalls, as well as lifestyle merchants.

Meanwhile, Damen Yachting has been confirmed as the major sponsor of the new Superyacht Lounge, with Rolls-Royce and Sevenstar Yacht Transport among other supporters. The Superyacht Lounge is designed to “complement the larger yachts on display and offer exceptional experiences and valuable networking opportunities for yacht owners and industry professionals”.

J.P. Morgan Private Bank, a leading global private bank, has been announced as the show’s Official Bank Partner in another boost for the show.

The third Singapore Yachting Festival will be held from April 10-13

With this partnership, show organisers will be curating an elevated experience in the VIP Lounge, offering an exclusive environment for luxury lifestyle enthusiasts and industry leaders. The Lounge will feature premium hospitality, a curated selection of canapés and beverages, and bespoke liquor masterclasses for visitors.

Harshika Patel, CEO of J.P. Morgan Private Bank in Asia, said: “J.P. Morgan Private Bank is proud to partner with SYF 2025, offering our clients a unique opportunity to experience the excitement and elegance of yachting. The Festival will showcase the remarkable growth of the yachting industry and provide a premier platform for world-leading yacht builders.

Over 100 brands will be represented at the four-day show

“Our commitment to supporting our clients’ passions is central to this partnership, as we aim to create experiences that resonate with their interests and aspirations. We are thrilled to celebrate the vibrant spirit of yachting with our clients and the broader community in Singapore and across Asia.”

In addition, JIU Asia, Cancan Furnishings, W Singapore – Sentosa Cove and other partners will bring a consumer-centric dimension to the Festival, offering exclusive brand showcases and luxury experiences that complement the world of yachting.

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).

singaporeyachtingfestival.com

singaporeyachtingfestival.com/index/registration

Port Takola Yacht Marina expanding

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Port Takola Yacht Marina expanding

March 5, 2025
11:32 pm

The Krabi marina is embarking on Phase Two, which includes new berths and an administrative building.

Location of Piers B and C (on left) in Port Takola

Port Takola Yacht Marina in Krabi, east of Phuket, has commenced its second-phase expansion, which includes the addition of 80 wet berths for 10-25m yachts and the Capitainerie, an administrative building for the inland marina.

Operational since 2018, Port Takola’s first phase includes 49 wet berths, which cater for yachts from 10m up to 45m superyachts. The boatyard has 9,000sqm of service area and includes a 38-tonne Roodberg trailer boat lift.

In 2022, the country’s Environmental Impact Assessment Committee (EIA) approved a plan for a 300-berth marina expansion.

In-water view of the upcoming Capitainerie administrative building

The second phase will include 80 berths along Piers B and C. Pier L, a new public passenger pier, will also be introduced to offer connectivity by ferry services to Krabi Town, situated just 800m across the river.

As well as in-water expansion, the Capitainerie will be a key part of on-land developments in phase two. Construction has already begun on the single-storey administrative building, which features a 15m swimming pool, marina office, meeting room and store.

Matthew na Nagara, General Manager of Port Takola Yacht Marina, said the marina’s expansion will accommodate growing demand for berths in a province that neighbours Phang Nga Bay, offers easy access to the Phi Phi Islands and the Andaman Sea, and is served by Krabi International Airport.

View of the Capitainerie from the road

“We want to foster a welcoming yachting community. Krabi is a desirable homeport for the Andaman Sea and is a short cruise from many stunning, secluded islands, picturesque limestone karsts and natural reserves,” said Na Nagara, son of the marina’s founder, Surgeon Admiral Suriya Na Nagara of the Royal Thai Navy.

“In Krabi, developments include the Central Krabi mall mixed-use project, a new international hospital and international school, and the expansion of Krabi International Airport. These reasons are helping establish Krabi as an ideal destination for boaters seeking a home base on the Andaman Sea.”

A Na Nagara family project, Port Takola Yacht Marina is situated on a historical estate that was once a coconut plantation. Just 10 minutes from Ao Nang and across the river from Krabi Town, the marina was envisioned to offer year-round shelter, convenient town access, and proximity to some of the region’s most picturesque islands.

porttakola.com

George Nicholson, 1937-2025

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George Nicholson, 1937-2025

March 4, 2025
11:37 pm

Nicholson transformed Camper & Nicholsons from a UK-based yacht builder and designer into a world-leading superyacht brokerage house.

George Nicholson

Camper & Nicholsons – founded in 1782 in Gosport, England – has announced the passing of George Nicholson, “a visionary leader whose impact on the yachting industry is immeasurable”. Nicholson passed away in late February 2025 at the age of 87.

Born in England in 1937, Nicholson founded Camper & Nicholsons International in 1961 as he expanded his family’s yacht build and design company into the brokerage sector, while also growing its presence beyond the UK, into Europe and then globally.

Paolo Casani, CEO of Camper & Nicholsons, said: “George was not only a visionary but a mentor, a gentleman, and an inspiration to all who had the privilege of working with him. His legacy will live on in the yachts he helped bring to life, the industry he helped to shape, and the countless individuals he guided along the way.”

For over six decades, Nicholson played a defining role in transforming Camper & Nicholsons into a global brand, pioneering the yacht brokerage industry, and shaping the modern luxury yachting landscape.

“His knowledge, vision and understanding of client relationships transformed the company into a benchmark for excellence in yacht brokerage, construction and charter,” Camper & Nicholsons stated.

His journey with the family business began in 1959 when he travelled to Cannes and began promoting Camper & Nicholsons yachts, which laid the groundwork for Mediterranean expansion in the 1960s as the company established offices in Cannes, Monaco and Palma.

In the 1970s and 1980s, he brokered some of the most significant yacht sales of the time, collaborating with leading shipyards. In the 1990s, he helped expand Camper & Nicholsons’ global footprint, strengthening its presence in the US and Mediterranean while solidifying its reputation as a leading authority in yacht brokerage and new builds.

In the 2000s, he continued to mentor industry professionals and uphold the Camper & Nicholsons legacy as the company flourished, opening more offices in key international markets.

Today, Camper & Nicholsons is owned by the Hong Kong-based Lai Sun Group, has 13 offices around the world, and provides a suite of yacht services including yacht sales, purchase, charter, charter management, yacht management, new build, refit, insurance and corporate services.

“George’s influence extends far beyond business. His warmth, integrity and deep respect for yachting traditions made him a revered figure in the industry,” Camper & Nicholsons stated.

“His family, colleagues and the entire yachting community will forever cherish his contributions. As Camper & Nicholsons looks to the future, the long-standing tradition he upheld continues with [his son] Fernando Nicholson and the next generation, ensuring that his legacy remains at the heart of the company.”

camperandnicholsons.com

Azimut-Benetti enlarges scope with SEA Index

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Azimut-Benetti enlarges scope with SEA Index

March 4, 2025
8:26 pm

The Azimut-Benetti Group will adopt the Superyacht Eco Association’s Index emissions rating for 24m-plus yachts, a market sector the Italian shipyard has led for 25 years.

Azimut Grande 36M

The Azimut-Benetti Group has announced that it will adopt the SEA Index CO2 emissions rating tool for all its yachts over 24m. The SEA Index is a CO2 certification programme for 24m-plus yachts based on the International Maritime Organisation’s EEDI and EEXI. The Index is managed by the Superyacht Eco Association (SEA), a non-profit organisation launched by the Yacht Club de Monaco in 2020.

Azimut-Benetti started collaborating with the Superyacht Eco Association in 2023, as the Italian shipyard commissioned Lloyd’s Register to develop a similar carbon-emission index for sub-24m yachts.

However, this latest partnership with the Superyacht Eco Association means all Azimut-Benetti Group’s 24m-plus yachts will be rated by the SEA Index, which was specifically created for superyachts. The certification calculates the carbon emissions of full-custom and semi-custom yachts, and provides a rating of one to five stars based on each boat’s “relative environmental performance … compared to industry benchmarks”.

The SEA Index can be used by owners or captains to assess the energy intensity of their vessels, while builders can support eco-conscious boat design and construction by integrating a SEA Index framework into the concept phase of new-build yachts. Azimut-Benetti builds more than 45 yacht models in six shipyards and has over 2,000 employees.

Alessandro Rossi, Chief Product Officer Azimut-Benetti Group, said: “We are thrilled to partner with SEA Index to reinforce our commitment to sustainable yacht design by validating our yachts’ emission targets through SEA Index’s rigorous framework.

Benetti’s 67m custom-built Kasper 7

“Achieved through advanced naval architecture and cutting-edge technologies, these targets reflect our dedication to innovation and environmental responsibility. Furthermore, we believe this collaboration will encourage greater transparency in data sharing, fostering a more conscious approach among industry players and yacht owners alike.”

Azimut-Benetti has led the Global Order Book for 24m-plus yachts for 25 consecutive years and was listed in the 2025 edition as having 164 units under construction with a total length of 5,905m. Natalie Quévert, Project Lead, SEA Index, said the Italian shipyard’s adoption of the SEA Index was a “big recognition of our work”.

“We are delighted to collaborate with Azimut-Benetti Group on this important initiative. It is encouraging to see esteemed industry leaders embracing the SEA Index CO2 emissions rating tool to prioritise sustainability from the outset,” Quévert said.

“Similarly, we look forward to incorporating Azimut’s formula for measuring carbon emissions of yachts under 24m into the SEA Index ecosystem. Together, we can drive meaningful change in the industry and empower yachting stakeholders to embrace a more sustainable future.”

SEA Index is the only superyacht design index to offer third-party verification. Certificate holders that achieve three stars or higher on the SEA Index are invited to join the SEA Index network, which provides access to exclusive benefits, including priority berthing.

azimutbenetti.com

sea-index.com