Brokerage news

Administrators of Fairline Yachts, the UK-based luxury boatbuilder, are reportedly reviewing multiple bids for the company, according to the Northamptonshire Telegraph. Entering administration in January 2025, just two months after being acquired by Arrowbolt Propulsion Systems Limited, Fairline Yachts employed approximately 250 staff across its two sites in Oundle and Suffolk.Joint administrators of Fairline Yachts Limited secured funding through its existing lender, DF Capital, enabling the continuity of employment for its workforce. Alvarez & Marsal Europe LLP, the joint administrators, are actively seeking a buyer to ensure the brand's future viability.Michael Magnay, joint administrator at Alvarez & Marsal, acknowledged Fairline Yachts as an iconic brand with a skilled team and strong relationships with dealers and customers. He suggested that the brand could attract interest from both international and domestic investors.Founded in 1967, Fairline Yachts offers four yacht ranges, ranging from 10 to 21 meters, sold globally through direct channels and local dealerships. Despite facing financial difficulties in the past, including administration in 2015 and labor shortages exacerbated by the COVID-19 pandemic, the company maintained a strong order book valued at £100 million in early 2024. However, its latest financial results showed a decline in turnover from £48.3 million in 2022 to £41.1 million in 2023, although forecasts predicted a rebound for 2024.Credits: Fairline Yachts

GX Superyachts recently unveiled its new GX34 at the 2025 Palm Beach International Boat Show, marking a major milestone in the company's commitment to combining elegance with environmental responsibility. The yacht's sleek design and impressive performance demonstrate that eco-friendly yachting does not mean sacrificing luxury or functionality.The introduction of the GX34 follows closely on the heels of the announcement that construction has started on the brand's flagship, the GX42. Given the overwhelming interest in GX Superyachts' innovative approach to sustainable yachting, launching a second model seemed a logical next step.Central to the GX34's design is the principle of Responsible Yachting, which involves reducing carbon emissions while maintaining the pinnacle of luxury. By incorporating advanced hybrid electric propulsion and optimized hull lines, the GX34 achieves up to 30% lower emissions compared to traditional superyachts.Leveraging years of experience in hybrid diesel-electric systems through its sister company, Greenline Yachts, GX Superyachts integrates cutting-edge technologies. The GX34 combines twin 200kW electric motors with up to 2132kW of diesel power, providing both silent, emission-free cruising and powerful long-distance capabilities. A massive 800kWh lithium-ion battery bank enables extended use of electric-only propulsion, enhancing fuel efficiency and minimizing noise pollution.Additionally, the GX34 features up to 46 solar panels, generating approximately 30MWh of renewable energy annually. This enables prolonged anchoring periods without needing to rely on noisy generators, contributing to a quieter, more environmentally friendly yachting experience.The GX34 boasts an incredible range of 10,000 nautical miles at 6 knots in hybrid mode, cruising comfortably at 12 knots and reaching a top speed of 16 knots. Future upgrades may include larger engine options and a "Hybrid Sport" package for enhanced performance.Designed by renowned Italian designer Marco Casali, the GX34 is available in three variants: Raised Pilot House (RPH), Fly, and Coupe. Each configuration offers a unique aesthetic while retaining a focus on functionality and comfort.As part of its expansion into the Americas market, GX Superyachts has joined forces with Northrop & Johnson, a leading yacht brokerage firm celebrating its 75th anniversary. This partnership underscores both companies' shared values of innovation, sustainability, and delivering unparalleled luxury experiences."The GX34 and the broader GX lineup represent the future of luxury yachting," remarked Cromwell Littlejohn, President and CCO of Northrop & Johnson. "We are honored to collaborate with GX Superyachts, bringing their groundbreaking designs to discerning clients across the Americas."The GX34 marks a pivotal moment in the evolution of sustainable yachting, blending cutting-edge technology with sophisticated design. Credits: GX Superyachts

The Italian Sea Group (TISG) has announced a new strategic partnership with Yachtzoo Japan, a leading yacht brokerage, charter, and consultancy firm in Japan. This collaboration significantly enhances TISG’s presence across the Asia-Pacific (APAC) region, where growing demand for luxury yachts and customized services offers prime opportunities for business expansion.Japan, with its expansive maritime territory – featuring over 14,000 islands, more than 100 marinas, and an impressive 35,000 kilometers of coastline – represents a high-potential market aligned with TISG’s “Strategic Outlook 2024-2025”. This visionary plan aims to foster global synergies through technological innovations, groundbreaking research, and sustainable practices.Yachtzoo Japan brings extensive market knowledge and expertise, ensuring TISG’s brands receive optimal representation in the country. Additionally, it will function as a dedicated ‘Service Point,’ overseeing after-sales support, operational management, and technical maintenance for TISG vessels. This comprehensive service model guarantees exceptional post-sale experiences tailored to meet the discerning standards of Japanese customers, renowned for their meticulous attention to precision and service quality.Gianmaria Costantino, Chief Commercial Officer of TISGThe forthcoming Japan International Boat Show 2025, scheduled for March 20–23 at the Yokohama Pacifico Convention Center & Yokohama Bayside Marina, marks TISG’s inaugural appearance in Japan in partnership with Yachtzoo Japan. Visitors will have the opportunity to explore the group’s diverse portfolio of luxury yachts, catering to the growing demand for fully customized superyachts.Gianmaria Costantino, Chief Commercial Officer of TISG, underscored the importance of entering the Japanese market: “This partnership with Yachtzoo Japan represents a pivotal milestone for The Italian Sea Group. Their deep understanding of the Japanese and Asian markets, combined with their premier network, positions us advantageously in this dynamic, high-growth sector.”Nigel Beatty of Yachtzoo Japan shared the enthusiasm, stating, “We are excited to serve as the exclusive partner for The Italian Sea Group brands in Japan, especially for the highly anticipated Tecnomar for Lamborghini 63, which has already generated significant interest following our recent promotional efforts.”The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Company has a business unit, NCA Refit, that manages the maintenance and refit services for yachts and mega yachts with a length over 60 meters. Credit: The Italian Sea Group

Moran Yacht & Ship has announced the sale of a new 122.5-meter superyacht, Project Omega, which will be constructed by Lürssen. The vessel, with a gross tonnage of 5,200GT, is set for delivery in 2029 and marks Moran Yacht & Ship’s 25th new construction project in partnership with Lürssen.Designed by British studio RWD, both the interior and exterior of the yacht will feature a timeless design aesthetic. The vessel will accommodate up to 20 guests across 10 cabins, offering luxurious living spaces combined with state-of-the-art amenities. Key onboard features include a beach club, a fully-equipped dive center, and expansive outdoor areas designed for entertainment and relaxation.The project is particularly notable as it represents the second superyacht built for the same owner in collaboration with Moran Yacht & Ship. The brokerage is overseeing the entire construction process, including the development of technical specifications and contract negotiations.The construction of Project Omega is currently underway at the Lürssen shipyard, with work progressing under strict confidentiality to ensure the unique features of the vessel remain exclusive to its owner. The delivery is scheduled for 2029.Lürssen is a German shipyard with headquarters in Bremen-Vegesack and shipbuilding facilities in Lemwerder, Berne and Bremen-Aumund. Founded in 1875, Lürssen is one of the world's leading builders of custom luxury superyachts and has launched many of the largest yachts in the global fleet.Credits: Moran Yacht & Ship

ISA Yachts announces the sale of the second unit of its Classic 65m model, a 1,420 GT displacement superyacht, to a European owner. Based on the platform of the iconic M/Y Resilience, delivery is scheduled for 2028.Introduced by Kristina Falkone of Aberton Yachts, this sale strengthens the fruitful partnership between the shipyard and Aberton, with several ongoing projects underway at the Palumbo Superyachts facilities. The transaction boosts the production fleet under the ISA Yachts, Columbus Yachts, and Extra Yachts brands to 18 units, spanning sizes from 37 to 80 meters.Enrico Gobbi and Team for Design crafted the interior and exterior design, while the shipyard's technical department oversaw naval architecture. The design harmoniously blends elegance and dynamism, with multifaceted, curved, and fluid lines that embody a sculptural masterpiece.Giuseppe Palumbo, Sole Director of Palumbo Superyachts, expressed gratitude: "We sincerely thank the owner and their team for selecting ISA Yachts' 65-meter platform, a testament to careful design and advanced technological solutions. Joining the fleet of nine 40-80 metre ISA Yachts under construction, this superyacht represents enduring Italian excellence."The yacht features a steel hull, aluminum superstructure, and measures 64.8 meters in length, with a 12-meter beam and 3.3-meter draft. The interior layout includes six cabins, with a full-beam owner's suite boasting a double fold-out balcony on the main deck. Clean-lined contemporary furnishings seamlessly integrate with the outdoor spaces.Amenities include a large swimming pool on the main deck's stern and a hot tub on the fly deck. The expansive beach club encompasses a lounge, bar, showers, gym, sauna, massage room, and a welcoming guest embarkation zone. A scenic corridor connecting the beach club to the guest cabins traverses the engine room.Two jet skis and two tenders are housed forward on the main deck, served by a hydraulic crane and a sliding lateral system for ease of handling. The lower deck accommodates up to 15 crew members across eight cabins, with a separate captain's cabin adjacent to the wheelhouse.Propelled by two MTU 12V 1,500 kW engines, the ISA Classic 65m achieves a top speed of 17 knots, cruises at 14 knots, and boasts a range exceeding 5,500 nautical miles at 11 knots.Palumbo Superyachts took root in 2008, when the Columbus Yachts brand was established, and in 2011 it launched its first 54m superyacht, emblematically christened Prima (the First). Currently, Palumbo Superyachts comprises a representative office in Monaco and a logistics network of five shipyards in the Mediterranean (Ancona, Malta, Marseille, Naples, and Savona); it also operates the following brands: ISA Yachts, Columbus Yachts, Mondomarine and Palumbo SY Refit.Credits: ISA Yachts