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About Ferretti
As the company was preparing for an initial public offering (IPO) after having been acquired in a leveraged buyout by Candover Investments which put the Group's value at €1.5 billion in 2007, the financial crisis led to a significant drop in sales. As a result, the Group had to restructure debt and its creditors, led by the Royal Bank of Scotland, converted a portion of their €1.2 billion debt into equity.
Ferretti Group was eventually sold to Weichai Group, a state-owned Chinese company, the largest maker of bulldozer's in China.
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Enata joins forces with Mirarri, a visionary yacht brand spearheaded by Rashed Al Shaali from the UAE. The collaboration marks a significant milestone in the marine industry, as Enata will bring to life Mirarri's inaugural vessel, a stunning 16.7-meter yacht crafted with a full carbon hull and designed by the acclaimed Timur Bozca.Rashed Al Shaali, hailing from a distinguished lineage in the marine industry, embarks on a new chapter with Mirarri, driven by a desire to redefine luxury yachting. His partnership with Enata and Bozca underscores a commitment to innovation and excellence, setting a new standard in the sector."It's a proud moment for Mirarri to unveil our collaboration with Enata and Timur Bozca," said Rashed Al Shaali. "With their unparalleled expertise and dedication to craftsmanship, we're poised to create something truly extraordinary in the world of luxury yachting."The Mirarri yacht will showcase Enata's cutting-edge Wingman system, allowing remote control of various yacht functions, a feature synonymous with the Foiler's groundbreaking technology. Aloïs Vieujot, CEO of the Enata Group, expressed enthusiasm about the partnership, emphasizing the vessel's advanced materials and integrated design."The Mirarri yacht represents a leap forward in the boating industry," Vieujot stated. "With Enata's manufacturing prowess and Timur's design ingenuity, we're delivering a vessel that combines innovation, luxury, and performance."Beyond its collaboration with Mirarri, Enata has a strong track record in the B2B sector, leveraging its aerospace division to maintain exceptional quality standards. The Mirarri project exemplifies Enata's commitment to excellence and its ability to push the boundaries of yacht design and engineering.Designed to captivate discerning travellers, the Mirarri yacht boasts a seamless blend of futuristic aesthetics and organic elements. Its spacious interior, adorned with vibrant colours and contemporary furnishings, promises unparalleled comfort and sophistication.As construction of the first Mirarri yacht progresses, anticipation mounts for its unveiling in 2025. Rashed Al Shaali looks forward to the vessel's completion, eager to introduce the world to Mirarri's vision of luxury yachting reimagined.The Enata Group is the international manufacturing group headquartered in United Arab Emirates, and the builder of the flying 9.8-meter carbon Foiler. The group’s primary businesses include three main areas of R&D and manufacturing: marine, aerospace and architecture. Credits: Enata Group
April 29, 2024
Antigua Sailing Week kicked off in thrilling fashion with the English Harbour Rum Race Day 1 on Sunday, April 28, 2024. The picturesque South Coast of Antigua provided the backdrop as the international fleet embraced the tropical heat and set sail in ideal conditions. With an easterly breeze of 7-13 knots and calm seas, the stage was set for some intense competition.J122 McFly on El Ocaso (GBR) topped CSA Racing 2 on the first day of racing in Antigua © Paul WyethUnder the direction of the ASW Race Committee, a variety of courses were laid out, ranging from tight coastal short races to longer routes that explored the deeper waters of Antigua. J133 Credit Mutuel – Jivaro (FRA) – Class winner CSA Racing 3 © Paul WyethThe start lines buzzed with energy as the 88-boat fleet engaged in close racing throughout the day. Several class victories were decided by mere seconds after time correction, adding an extra layer of excitement to the competition.<iframe width=560 height=315 src=https://www.youtube.com/embed/uOSgXIGpW08?si=jeOqIStDFwgWPhWl title=YouTube video player frameborder=0 allow=accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share referrerpolicy=strict-origin-when-cross-origin allowfullscreen></iframe>Following the exhilarating races, sailors gathered at the Regatta Bars on the Antigua Yacht Club Lawn for some well-deserved relaxation. The atmosphere was electric at the English Harbour Rum Daily Prize Giving, where winners were rewarded with bottles of the renowned English Harbour 5 Year Old Rum. CSA Racing 1 – Adrian Lee’s Swan 60 Lee Overlay Partners II (GBR) on English Harbour Race Day © Paul WyethLisa Farara, Executive Director of Antigua Distillery, emphasized the significance of the rum's connection to the island's heritage and its longstanding partnership with Antigua Sailing Week.Volvo Ocean 65 Sisi (AUT), skippered by Oliver Kobale © Paul WyethThe festivities continued into the evening with a lively Pirate Nite celebration at the AYCM Platform, featuring a fancy dress theme and a spirited performance by party-band HyperActive. As the night unfolded, sailors and spectators alike reveled in the vibrant atmosphere, setting the stage for another day of thrilling racing ahead.Credits: Antigua Sailing Week
April 29, 2024
Tillberg Design of Sweden (TDoS), a division of the Viken Group, commemorates the completion of the monumental Sun Princess project, reflecting on its applicability to the superyacht sector. Over a span of seven years, TDoS played a pivotal role in shaping the interior architecture of the Sun Princess, a colossal 175,500-ton cruise ship accommodating 4,300 passengers. The ship recently emerged from Fincantieri’s Monfalcone yard, showcasing TDoS's expertise in crafting elaborate onboard venues.For the Sun Princess, TDoS orchestrated the design of key areas, including a grand three-deck dining room and an expansive sea terrace with a pool, demonstrating their ability to navigate complex spatial dynamics and ergonomic considerations. Fredrik Johansson, Co-Founder of the Viken Group and Executive Director of TDoS, emphasizes the team's disciplined approach and creative prowess in executing such ambitious projects.Drawing from their extensive experience in cruise ship interiors, TDoS seamlessly translates its skills to the superyacht sector. By optimizing development processes and maximizing onboard functionality, TDoS ensures that every design element harmonizes with the vessel's overall vision. The firm's mastery in managing intricate flows and operations contributes to the creation of unparalleled onboard experiences.Furthermore, TDoS excels in project management and coordination, serving as a central hub that aligns various stakeholders with the project's objectives. Johansson underscores the importance of clear communication and strategic planning in driving project success, whether for cruise ships or superyachts.Ultimately, TDoS's holistic approach and commitment to excellence make them an invaluable partner for complex superyacht ventures. Their ability to unlock the full potential of every project ensures the realization of exceptional design outcomes, regardless of scale or scope.The Viken Group includes Tillberg Design of Sweden, Hot Lab and Thalia Marine. It has been established to gather leading and passionate companies, with similar ideas and business ethics, under one umbrella. This enables it to provide a full range of completely aligned and comprehensive design, naval architecture and project management services.Credits: Tillberg Design
April 29, 2024
Moonen Yachts has launched the 36.3m Martinique named Moonshine, during a christening ceremony held last week in The Netherlands. This marks the sixth Martinique model from Moonen's successful fast displacement steel hull series, designated as yard number YN204.Represented by Neal Esterly from Fraser Yachts, the owners chose Moonen Yachts to bring their vision to life due to the yard's reputation for excellence in their size range and yacht type. Customizations were made to suit the owners' preferences, including adjustments to the yacht's length, allowing it to fit within a specific location with a limited length requirement.Set to be delivered before the summer season, Moonshine will embark on a journey through the Mediterranean and the Caribbean before finding her permanent home in San Diego, California.The collaboration between Moonen Yachts and the owners, crew, and construction team was characterized by close cooperation and productive exchanges. John Bechtold, the Project Manager at Moonen Yachts, expressed gratitude for the opportunity to refine Moonshine according to the owners' desires and intended use.Crafted in collaboration with Hollander Yacht Design, Moonshine boasts a rich and characterful interior design. The main saloon features full-height windows and innovative sliding doors, creating a seamless transition between indoor and outdoor spaces.Designed by René van der Velden, the Martinique's exterior architecture prioritizes natural light, breathtaking views, and harmonious indoor-outdoor connections. With a maximum speed of 17 knots and transatlantic capability, Moonshine promises exceptional comfort, spaciousness, and stability.Moonshine's launch follows the recent introduction of Lumière, the fifth yacht from Moonen's premium semi-custom Martinique series. The shipyard is currently working on the construction of the seventh Martinique model, YN205.Moonen Yachts is a yacht builder based in the Netherlands, and its first yacht was built in 1964 under the original yard name of De Ruiter. In 1981, the yard was renamed Moonen Shipyards. It’s launching its first vessel under new ownership: Alhena. In 2017 Moonen Shipyards changed into Moonen Yachts. With the help of strong vision, innovative technology and new designers, Moonen is once again becoming the market leader in 30m to 50m luxury yachts.Credits: Moonen Yachts
April 26, 2024
Ocean Alexander announces the successful sale and delivery of the new Ocean Alexander 35-meter Revolution, marking a significant milestone in luxury yacht craftsmanship. Unveiled for the first time at the prestigious 2021 Fort Lauderdale International Boat Show, where it clinched the coveted Best in Show title, the OA 35R stands as a testament to exceptional design and engineering.Crafted by the esteemed Evan Marshall in collaboration with Arrabito Naval Architects, the 35R redefines luxury and performance, offering an unparalleled yachting experience. With an impressive gross tonnage just under 300 GT, this masterpiece challenges the boundaries of a traditional 116-foot yacht, providing expansive living spaces that epitomize opulence and comfort.Bruce Siler, the Ocean Alexander Brand Manager with MarineMax and the selling broker, expressed his delight, stating, "It was a pleasure working with this client. This is his first Ocean Alexander. The 35-meter Ocean Alexander offers the size and volume he loves. He will be traveling to the Bahamas, up and down the east coast of the US, and possibly the Med."Powered by upgraded twin MTU® V16 2600 HP engines, the 35R achieves a top speed of 23 knots, ensuring swift navigation through the seas. At a hull speed of 10 knots, it boasts an extended range of over 1,200 nautical miles, promising unmatched performance and reliability for extended voyages.With robust mechanical features and uncompromising build quality, the OA 35R assures a serene journey across the vast oceans.Ocean Alexander is a family business. Two generations of one family have guided the shipyard for almost four decades. With manufacturing in Taiwan, Ocean Alexander is consistently one of the top selling brands for large yachts in the U.S. and currently produces models ranging from 26 to 36 meters in length. Credits: Ocean Alexander
April 26, 2024
