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The Italian Sea Group announced the sale of the inaugural Admiral Quaranta motor yacht, marking a significant milestone shortly after the debut of this innovative series.Developed through a collaboration between The A Group, based in Monaco, and The Italian Sea Group Centro Stile, this project represents a pivotal move in the group's strategic expansion.Giovanni Costantino, Founder & CEO of The Italian Sea Group, expresses gratitude for the partnership with The A Group, emphasizing how it facilitated the creation of a 40-meter yacht that encompasses the layout and comfort features typically associated with larger vessels. He highlights the project's success as a result of synergizing expertise in design, quality, and innovation, all of which are deeply embedded in the company's DNA.Richard Hein of The A Group echoes this sentiment, emphasizing the collaborative effort that birthed the Admiral Quaranta. He underscores the significance of crafting a timeless design on a 40-meter platform, setting a pioneering precedent in the industry.The exterior design of the Admiral Quaranta is characterized by a contemporary and modern aesthetic, striking a balance between sleek lines and pronounced contours. This approach lends the yacht an elegant and timeless allure, free from unnecessary extravagance.Internally, the focus shifts to a sporty and youthful elegance, harmonizing with the exterior styling. Soft curves, sumptuous surfaces, and intricate details combine to create an atmosphere of warmth, relaxation, and understated luxury.In line with a commitment to eco-sustainability, the aluminum hull is designed to minimize fuel consumption, aligning with modern environmental standards.The sale of the first Admiral Quaranta motor yacht not only signifies a milestone for The Italian Sea Group but also heralds a new era of innovation and excellence in the world of luxury yachting.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. Credits: The Italian Sea Group

Northrop & Johnson has confirmed the sale of the 2023 Baglietto Dom133 Perla Bianca. Brokered by Charles Herve on behalf of the seller, the final asking price for the yacht was €22,950,000.Perla Bianca, a remarkable vessel from Baglietto’s renowned Dom133 series, boasts a captivating design crafted by the esteemed Stefano Vafiadis. Her sleek exterior lines, inspired by automotive aesthetics, exude contemporary elegance while offering a vast interior volume. With a generous headroom of 2.15 meters throughout, the yacht provides a lavish retreat for owners and guests alike, designed to feel like a luxurious "home away from home."Constructed entirely from aluminum and certified by ABS, Perla Bianca combines durability with refined luxury. Her displacement hull ensures both efficiency and impressive long-range capabilities, boasting a range of 3,500 nautical miles. Engineered for serene voyages, the yacht minimizes vibrations and noise, while CMC electric fin stabilizers guarantee stability even in challenging sea conditions.The interior spaces are adorned with elegant furnishings from Minotti, creating an ambiance of sophistication and comfort. The main salon and dining area feature expansive windows, flooding the space with natural light. The skylounge offers a spacious retreat with panoramic views, seamlessly connecting to the upper exterior deck.Accommodating up to eleven guests across five cabins. The owner's suite, located on the main deck, spans an impressive 55 square meters and includes a queen-size bed, walk-in wardrobe, and a lavish ensuite bathroom. The lower deck houses four guest cabins, comprising three doubles and one twin with a Pullman berth.On the exterior, Perla Bianca boasts an array of amenities designed for outdoor enjoyment. The aft deck features a large bathing platform with deckchairs and parasols, while the main deck hosts a refreshing freshwater pool. The upper deck offers alfresco dining options, and the flybridge boasts an eight-person Jacuzzi, bar, and ample seating, all shaded by electrical awnings. Additionally, the foredeck provides a tranquil space for taking in panoramic views.Credit: Northrop & Johnson; Yacht Harbour archive

Archipelago Yachts has introduced its latest creation, the Archipelago 80, marking a significant milestone for the British shipyard. This 24-metre explorer model, designed for an owner with a visionary outlook, is poised to redefine leisure expedition experiences upon delivery, serving as the flagship of Archipelago's esteemed range.Founder Dr. Stephen Weatherley revealed that the Archipelago 80 is tailored for owner-operated voyages, blending innovation with functionality. Employing a Chartwell Marine hull form, renowned in the offshore wind sector for its reliability and efficiency, the yacht promises exceptional performance and seaworthiness.A standout feature of the Archipelago 80 is its high-capacity helipad, a rarity in vessels of its size category. The expansive roof area, equipped with a Palfinger crane, offers versatility, accommodating solar panels, additional storage, or recreational equipment.With an 11-metre beam, the yacht boasts a spacious cockpit designed as a versatile "working area," adaptable for expedition gear, water toys, or leisure activities. Reinforced deck structures and a crane enable the transportation of cargo, personal submersibles, or amphibious vehicles.Enhanced safety during navigation is ensured by high bulwarks, while the open-plan main saloon offers panoramic views, complete with a bar and day galley. Accommodation is cleverly integrated within the hulls, alongside crew quarters and the main galley. The wheelhouse doubles as a flexible living space, featuring a shaded balcony with a bar and entertainment area, with the option for a hot tub installation.Dr. Weatherley expressed enthusiasm for the project's realization, emphasizing the Archipelago 80's versatility and its ability to deliver unparalleled on-water experiences. The yacht will feature a diesel-electric propulsion system, achieving speeds of 28-30 knots, with the option for a paravane kite to enhance fuel efficiency. An optional generator will further augment the vessel's electrical power.Earlier this year, Archipelago Yachts received government funding, enabling the advancement of a groundbreaking methanol-powered leisure vessel. The unveiling of the Archipelago 80 underscores the shipyard's dedication to innovation and excellence, setting a new standard for the industry's exploration segment.Credit: Archipelago Yachts

The Italian Sea Group S.p.A. (TISG), a global leader in luxury yachting, has announced impressive financial results for the first quarter of 2024, highlighting significant revenue growth and increased EBITDA. The Board of Directors has approved selected information showcasing a prosperous start to the year, reaffirming the company's strategic outlook and guidance for 2024 and beyond.TISG reported revenues of EUR 95.6 million, marking a notable increase of 12.2% compared to EUR 85.2 million in the first quarter of 2023. Shipbuilding revenues surged by 26.2%, driven by progress in ongoing projects and new contracts.EBITDA reached EUR 16.1 million, up by 16.6% from EUR 13.8 million in the same period last year. The EBITDA margin stood at 16.8%, reflecting improved operational efficiency and cost management.The total value of the Order Book reached EUR 1,344 million as of March 31st, 2024, underscoring a robust pipeline of projects. TISG currently has 35 projects under construction, including yachts and megayachts, with deliveries scheduled up to 2027.TISG invested EUR 2 million during the quarter, primarily directed towards enhancing production capacity and infrastructure at key facilities.The Net Financial Position stood at EUR -25 million, mainly attributed to the extension of the Marina di Carrara state concession. Despite this, TISG remains well-positioned for future growth initiatives.Giovanni Costantino, Founder & CEO of The Italian Sea Group, expressed pride in the company's performance and emphasized its development trajectory. He attributed the success to the increasing global demand for superyachts and the popularity of semi-custom lines, which optimize production capacity and enhance order book quality.TISG reaffirmed its 2024 guidance, with revenues projected between EUR 400 – 420 million and an EBITDA margin between 17 – 17.5%. Additionally, the company presented its 2025 Strategic Outlook, targeting revenues between EUR 430 – 450 million and an EBITDA margin between 18 – 18.5%.TISG continues to expand internationally through strategic partnerships and commercial agreements. The recent collaboration with Kitson Yachts as an Authorized Sales Agency in America reflects TISG's commitment to tapping into new markets and fostering growth opportunities.The company's success in the semi-custom segment, evidenced by recent sales, positions TISG for accelerated growth and increased market share. By leveraging its expanded production capacity and engineering expertise, TISG aims to cater to a broader clientele while maintaining its focus on delivering unparalleled luxury yachting experiences.The Italian Sea Group's strong performance in the first quarter of 2024 underscores its resilience and strategic vision in a competitive market landscape. With a robust order book, sound financial position, and strategic growth initiatives, TISG remains well-positioned for sustained success in the luxury yachting industry.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. Credits: The Italian Sea Group

Ferretti Group celebrated a significant milestone today with the grand reopening of its extensively refurbished Riva shipyard in La Spezia. The event, attended by Chairman Tan Xuguang, CEO Alberto Galassi, local authorities, and a delegation from Weichai, Ferretti Group's longstanding shareholder, marks a new era for the shipyard.The revamped facility, now a pivotal industrial hub, employs over 750 workers daily, including 200 direct employees. Strategically located along the Ligurian and Tyrrhenian Seas, the shipyard has undergone substantial enhancements to both its production and management sections, as well as the lounge area designed to offer hospitality to yacht owners, captains, and crew.Spanning 64,000 square meters, the upgraded site features 33 berths along more than 400 meters of docks, four industrial sheds with 21 production stations, and two additional sheds dedicated to painting, totaling 1,000 square meters. Equipped with photovoltaic plants and bespoke spaces like the Riva Lounge, the production center focuses on seven Riva models ranging from 76 to 130 feet. When fully operational, the site will be capable of launching 30 boats annually, each up to 40 meters in length.Located in an area of Regional Interest, the La Spezia shipyard emphasizes environmental protection and sustainability. It holds Rina certifications according to ISO 14001:2015 and ISO 9001:2015 standards, underscoring Ferretti Group's commitment to high environmental and quality management standards.As part of the "Miglio Blu" (Blue Mile) project, the shipyard aims to promote local excellence in yachting while respecting the surrounding environment. This initiative highlights the region's rich maritime heritage and Ferretti Group's dedication to sustainable development.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credit: Ferretti Group