Brokerage news

The Italian Sea Group concluded the first edition of its Vision Brokers Day event with significant success, attracting sixty of the world's most influential yachting brokers from various regions.Held over two days at the company's headquarters in Marina di Carrara, the exclusive event provided participants with a deep dive into The Italian Sea Group's productive reality, showcasing its distinct product range, commercial strategies, and core competencies. The workshop highlighted the pivotal role of the Research & Development office, emphasizing innovation and customization as cornerstones of the organization's vision.Moreover, the event spotlighted The Italian Sea Group's unprecedented industrial challenge, managing simultaneous construction of mega and gigayachts, possibly unprecedented in the history of yachting. To manage this complexity efficiently, the company implemented an innovative Industrial Process & Planning approach, leveraging advanced methodologies and software from high-engineering sectors like automotive. This approach orchestrates the entire production cycle structurally and synchronously, optimizing each phase of construction.Participants had the rare opportunity to tour the shipyard, including departments for 3D design, carpentry, and furnishing, a unique feature in Italy. This integration of design and production reduces errors and optimizes the customization process.Visits to internal business units, such as the Steel Mill and Upholstery Department, highlighted the Group's capability to perform a significant portion of its fabrication internally rather than relying heavily on external suppliers. This model ensures direct quality control and continuous improvement in cost and process management.Combining internal fabrication with exclusive use of 3D design empowers The Italian Sea Group to preserve and enhance its extraordinary know-how."Gianmaria Costantino, Chief Commercial Officer of The Italian Sea Group, expressed satisfaction with the outcome of this first Vision Brokers Day event," stating, "This initiative strengthened our relationships with international brokers, creating new partnership opportunities and reinforcing our global presence. The high attendance and interest shown by participants confirm the value of our vision and capabilities."Through this event, The Italian Sea Group reaffirmed its commitment to continual evolution, refining processes, skills, and solutions to meet the highest industry expectations and solidify its leadership in the international luxury yachting market.Credits: The Italian Sea Group

Damen Yachting has successfully launched the third vessel in its acclaimed Yacht Support 53 series at its state-of-the-art facility in Antalya. This significant achievement marks a new chapter in the company’s history of delivering high-performance support yachts, combining Dutch engineering excellence with innovative design.The newly launched YS5303 is set for delivery in summer 2025 following its final build stage, outfitting, and sea trials. Joining the series are two previous successful models: Bad Сompany Support 175, designed for deep-sea fishing and scientific missions, and Five Oceans, built for exploration and conservation efforts.Pim Oostra, Project Manager for YS 5303, emphasized the milestone: “Today’s launch signifies the maturation of our Yacht Support design into a full-fledged series. We are excited to progress through the final build stages towards completion this summer.”The Yacht Support range represents the pinnacle of offshore support vessels, renowned for their reliability, sailing characteristics, and unparalleled functionality. With over 20 purpose-built support yachts delivered, Damen Yachting continues to set industry standards.Damen Yachting, a division within the Damen Shipyards Group, was created in 2019. The division combines the pedigree and heritage of Amels yachts with a growing portfolio of SeaXplorer yachts and Yacht Support vessels.Credits: Damen Yachting

Seawolf arrived in Falmouth Antigua last month following a successful transatlantic voyage, marking its first public appearance since undergoing an extensive 2-year refit at Pendennis’ UK facility. The 1950s 57-meter converted ocean-going tug was comprehensively updated with modern technology and sustainable solutions, while preserving its heritage and classic lines.Pendennis collaborated with UK-based Design Unlimited, who were contracted by the yacht’s new owners to oversee the refit design of both the interior and exterior. Design Unlimited worked closely with interior designer Ngila Boyd, who has a long-standing relationship with the client, to create a timeless and elegant interior tailored to the family’s needs for global cruising and exploration. The design incorporates painted and timber panelling, elegant materials, bespoke furniture by H. Miller Bros., and lighting by John Cullen and Cox London, enhancing the onboard ambiance.Transformative improvements include a new owner’s suite, forward of the owner’s pantry and sky lounge, and a redesigned aft deck with a hard top featuring skylights. The flybridge was remodeled into a dining and viewing space, while the crew area, captain’s cabin, and wheelhouse were also extensively refurbished. The owner’s accommodation was expertly manufactured and fitted by Oldenburger, while Norfolk Interiors crafted the sky lounge, owner’s pantry, crew accommodations, and wheelhouse. Exterior enhancements, including the flybridge and main deck reception area, were executed by William Garvey.The refit included a complete overhaul of the yacht’s hotel services, guest and crew spaces, and engine room, with the existing slow-speed diesel engines preserved. The exterior was sympathetically restored, including a complete repaint of the hull and superstructure, new decks, a new cargo/rescue crane, a side boarding platform, and the reconfiguration of outside spaces.Group Operations Director Charlie Ross noted that the Seawolf project was one of the most technologically demanding endeavors tackled by Pendennis, requiring the team to push boundaries in sustainable solutions while respecting the yacht’s aesthetic integrity. The successful completion of the refit ensures that Seawolf retains its legacy and continues to be a significant presence in the global yachting community.Pendennis Shipyard is one of the world's leading custom superyacht builders and refit shipyards and has become one of Cornwall's most important employers with over 430 highly skilled tradespeople based at the 14-acre prime waterfront location in Falmouth, UK. In the latter part of 2018 Pendennis secured a majority share hold in Vilanova Grand Marina, a 48 berth facility with adjacent land available for further development. The investment in Vilanova is yet another milestone in Pendennis’ international growth and offering to its global client base. Credit: Pendennis

Revolution Marine Group and Silent Escapes have introduced a groundbreaking sustainable yacht financing model, the Credit Linked Note (CLN) investment model, facilitated by the Swiss company GenTwo. Already managing over USD 4 billion in assets, this innovative approach combines the simplicity of crowdfunding with the security of a regulated financial instrument.Ultra-green real estate developer Silent Escapes has adopted this method to finance the purchase of two Revolution S60 solar-electric supported catamarans, scheduled for delivery to the Bahamas in early summer 2025 and early 2026. The CLN model offers investors significant returns and exclusive yacht charter benefits.The funds raised by Silent Escapes will be used to acquire two state-of-the-art solar-electric catamarans from Revolution Marine Group, representing manufacturers including Revolution Yachts, Canados Heritage, and CL Yachts. These 60-foot, four-cabin catamarans offer silent, emissions-free cruising throughout the Caribbean, enhancing the eco-luxury experience at Silent Escapes' stunning Marina Point residences.The catamarans will generate revenue through membership fees linked to Silent Escapes' real estate sales and will be available for both commercial charter and promotional activities. Property owners at Silent Escapes will gain access to these yachts, offering them exclusive charter opportunities or shared access to the expanding fleet.The CLN model provides a highly secure investment opportunity with numerous advantages:Swiss-registered CLNs: Offered through GenTwo, with an ISIN code (CH1408701055).Annual Return: 14.25% over a two-year term.Additional Benefits: Qualified investors receive free all-inclusive charters, and investment credits toward Silent Escapes properties.Asset Security: Assets are secured by high-value solar-electric yachts and 100% solar-powered waterfront residences.The CLN can be purchased through any bank using the provided ISIN code, simplifying the investment process.Ed Sacks, CEO of Revolution Marine Group, stated, "By combining cutting-edge solar-electric technology, high-end luxury design, and eco-conscious investment models, we are excited to set a new benchmark for sustainable land and sea tourism." Victor Barrett, CEO of Silent Escapes, added, "Our innovative funding approach allows investors to purchase investment certificates directly from their bank, offering enhanced protection and flexibility."This collaboration exemplifies how sustainable practices can merge with lucrative investment opportunities, appealing to eco-conscious investors seeking both financial gains and unique experiential rewards.Credits: Revolution Marine Group, Silent Escapes

Bluegame will once again participate in the Palm Beach International Boat Show, taking place from March 19th to 23rd, 2025. The brand will showcase the BG74, a model embodying the essence of the historic BG range and the embodiment of Bluegame's unique touch.BG74 is bridging the gap between open and fly-bridge yachts. It is designed for owners seeking a comprehensive yachting experience without compromises, combining the best attributes of both categories.Building on the successes of 2024, including the pioneering BGH-HSV Hydrogen Support Vessel project, Bluegame continues to push the boundaries of innovation. The experience gained from BGH-HSV has laid the foundation for a new range of multihulls, named BGF (Foil), with the BGF45 model set to debut in the summer of 2025.Another significant development in 2024 was the release of the upgraded BGM75, featuring synchronized gyroscopes in collaboration with Smart Gyro, offering unprecedented stability and comfort. A unit of this model will make its U.S. debut in the summer of 2025, further solidifying Bluegame's position as a leader in technological innovation within the international yachting industry.Bluegame is part of Sanlorenzo. The Sanlorenzo shipyard has been building high-quality motor yachts since 1958. It is a boutique firm in the yachting industry, building only a limited number of made-to-measure units per year. Each yacht is designed and produced according to the specific requests, style, and desires of the individual owner.Credits: Bluegame