Botje Ensing & Co

Sanlorenzo S.p.A. announced consolidated financial results for the first half of 2025, reporting €454.1 million in net revenues from new yacht sales, representing a 9.4% increase compared to H1 2024. EBITDA reached €80.5 million, an 8.5% year-over-year increase. The company maintained a robust order backlog of €1.44 billion, with 93% of orders already sold to final clients.Chairman and CEO Massimo Perotti stated: "The first half of 2025 reflects the resilience of Sanlorenzo, the strength of our brand, and the timeless desirability of our yachts. Even in a global environment marked by trade tariff uncertainty and broader macroeconomic pressures, we have delivered stability and measured growth."Order intake increased 29.9% to €419.5 million, driven particularly by strong demand for yachts exceeding 30 meters. The net backlog stood at €985.2 million as of June 30, 2025, providing approximately one year of revenue visibility.Regional performance showed Europe accounting for 58.8% of revenues (€267.1 million, +15.4% YoY), Americas contributing 21% (€95.3 million, +38.6% YoY), APAC at 12% (€54.4 million, +5.8% YoY), and MEA representing 8.2% (€37.3 million, -41.3% YoY).Division performance varied: Superyacht Division revenues increased 10.2% to €137.1 million, while Yacht Division declined 6.6% to €225.8 million primarily due to market conditions below 30 meters. Bluegame Division decreased 10.9% to €43.6 million, and Nautor Swan Division contributed €47.5 million since its 2024 acquisition.The company reported net profit of €46.6 million, a 7.0% increase from H1 2024. Net working capital remained positive at €86.6 million, though inventories increased to €186.7 million due to production ramp-up and distribution hub expansion.Sanlorenzo confirmed its 2025 financial guidance, citing strong product pipeline including three new yacht debuts at the Cannes Yachting Festival and the upcoming delivery of the 74Steel model. The company continues to focus on yachts under 2,000 GT where it believes the risk-return profile remains most favorable.Sustainability initiatives progress includes development of bi-fuel green methanol propulsion technology, though the launch timeline for the 50 X-Space project has been adjusted to align with expected infrastructure availability toward the end of the decade.The company maintains its net financial position with €8.3 million net debt as of June 30, 2025, following dividend payments of €34.7 million and €11.1 million share buyback program execution during the period.Sanlorenzo was founded in 1958 in Viareggio by yacht builder Gionvanni Jannetti. In 2005, Massimo Perrotti became the majority shareholder in the shipyard. Sanlorenzo builds yachts ranging from 28.60 to 73 meters in length. Credits: Sanlorenzo

Italian marine manufacturers Castoldi and Nauta have developed the Jet Tender 34 Limo, marking Castoldi's first entry into the limousine tender segment. The 10.4-meter vessel will serve as ship-to-shore transportation for a new boutique cruise ship fleet under construction in Italy, with four limousine tenders and two support vessels ordered per vessel.Giacomo Castoldi, CEO of Castoldi, stated: "This project represents a new chapter for Castoldi that expands our offerings to new markets, while maintaining the commitment to innovation, quality, and luxury we are known for." The collaboration utilizes Castoldi's waterjet propulsion technology and semi-serial production capabilities combined with Nauta's design approach.Nauta Director Guido Valtorta noted: "Typically, limousine tenders are custom-made for large yachts, but this project allowed us to merge bespoke luxury with the efficiency of semi-serial production." The design incorporates multiple boarding points, configurable seating arrangements, and ceiling lighting systems aimed at creating spacious interior environments.Technical features include Castoldi's ACES electronic control system and waterjet propulsion designed for commercial vessel applications. The tender achieves cabin cooling within 15 minutes and incorporates noise-reduction systems within rub rails. The platform allows for Open Limo and Support Vessel configurations through modular design principles.The first unit is scheduled for delivery in late 2025, with project presentation planned for the Monaco Yacht Show. The tender measures 10.4 meters in length with limousine-style enclosed cabin accommodation. Production follows semi-serial methods rather than custom one-off construction, representing a new operational approach for Castoldi in this vessel category.The partnership combines Castoldi's marine engineering capabilities with Nauta's yacht design experience, targeting the growing market for luxury tender operations in cruise ship and superyacht sectors. The design emphasizes functional elements including pantry facilities and toilet accommodations within the compact hull form.Credits: Nauta

Extra Yachts has launched the X145 Global, a 44-meter explorer yacht designed for long-distance cruising. The steel-hulled vessel features an aluminum superstructure designed by Agon Studio, with interior spaces by Hot Lab.The yacht offers 4,000 nautical mile range with five deck levels and 9.1-meter beam while maintaining under 500 GT volume. The layout places all five guest cabins on the main deck utilizing maximum beam width, with an owner's private terrace on the bridge deck. Crew accommodations include four double cabins with ensuite bathrooms on the lower deck.Technical specifications include dual-mode hull design balancing performance and fuel efficiency. Storage capacity includes an 8.5-meter tender, rescue boat, two jet skis, and additional water toys in the aft garage. The beach club area provides 80 square meters of space with fold-down platforms and day facilities.Interior design incorporates large glazed surfaces, oriental-inspired details, and open-plan layouts emphasizing spatial perception. The upper deck features 360-degree viewing lounge with separated dining and seating areas connected by a central staircase.The X145 Global represents Extra Yachts' expansion into the explorer yacht segment, combining extended range capabilities with contemporary interior aesthetics. The design prioritizes crew operational areas with dedicated mess and laundry facilities alongside professional galley space.The yacht's configuration focuses on long-term autonomous operation with reduced fuel consumption parameters compared to traditional motor yachts of similar dimensions. The explorer market continues to show growth as owners seek vessels capable of extended itineraries with self-sufficient capabilities. Extra Yachts continues production at its Italian facilities, with the X145 Global positioning the brand in the 40-45 meter explorer segment. The company's product range includes both fiberglass and metal-hulled yachts with varying mission profiles from coastal cruising to global expedition capabilities.Extra Yachts specializes in the development of yachts with a strong personality. Its distinctive lines are combined in a variety of motor yacht models ranging from 76' to 130' and a 30-meter motor catamaran. Developed thanks to the advanced technical experience of ISA Yachts, Extra offers customers all the advantages of being part of the Palumbo Superyachts network.Credits: Extra Yachts

Cantieri di Pisa will participate in the Cannes Yachting Festival from September 9-14, 2025, marking its second appearance under current ownership. The company will display scale models of its Polaris, Saturno, and Akhir yacht lines at a Vieux Port exhibition space with private terrace.Cantieri di Pisa Custom 40mSince 2021 leadership under CEO Marco Massabò, the shipyard has expanded facilities and developed three new yacht ranges. The current product portfolio includes:Polaris voyager yachts from 38 to 60 metersSaturno models from 38 to 90 meters featuring updated traditional design elementsAkhir fast motor yachts reflecting the brand's historical design languageAll designs were developed under chief designer Antonio Luxardo in collaboration with m2atelier, Parisotto + Formenton, and Pulina Design Interiors.Akir 44The shipyard has commenced construction on a 40-meter custom steel-aluminum superyacht with under 500 GT volume. The design by Antonio Luxardo and engineering by Studio Sa.Ma.Re Design accommodates six guest cabins and eight crew members. The vessel targets worldwide cruising and charter operations.Akir 44The refit division reports five-fold revenue increase in 2024 compared to previous year, handling over 30 yacht refits totaling more than 1,500 meters in length during 2025. Facilities now cover 24,000 square meters with 300-ton travel lift and 670-ton waterlift capabilities. Staff includes 20 direct employees with plans to add approximately 12 additional professionals.Further infrastructure upgrades are planned, including crew accommodations and renovation of a 200-meter-long industrial shed covering 3,400 square meters. The shipyard maintains a supply chain network of 200-300 specialized contractors.Cantieri di Pisa Custom 40mCantieri di Pisa continues production at its historic facility while expanding both new construction and refit operations. The Cannes exhibition demonstrates the company's renewed market presence following ownership changes and facility investments completed since 2021.Cantieri di Pisa shipyard was founded in 1945 on the river Arno, the Tuscan shipyard became famous for its planing motoryachts, such as the Akhir and Kitalpha series designed by Pierluigi Spadolini. Since 2021 Enrico Gennasio is the new owner of Cantieri di Pisa.Credits: Cantieri di Pisa

Arcadia Yachts has launched the first unit of its A80new model from its Sorrento shipyard, with a third hull sold for delivery in 2026. The 23.98-meter yacht will make its official debut at the Cannes Yachting Festival 2025.The design addresses Mediterranean cruising regulations including Posidonia Oceanica protection measures. The widebody configuration provides interior volumes comparable to larger yachts while maintaining under-24-meter classification. The layout includes a main deck master suite with direct sea access and four lower deck guest cabins. Crew accommodations consist of two double cabins with separate bathrooms.Technical features include solar panel systems and optimized energy management components. A stern garage accommodates tenders up to 3.95 meters or water toys. The design emphasizes compliance with environmental regulations while maintaining cruising capabilities in protected marine areas.Arcadia Yachts CEO Ugo Pellegrino stated: "A80new confirms the evolution of our products, a process that began two years ago with A96new. We want to continue to play a leading role in the development of yachting that respects nature, including underwater nature."The sale of the third hull to existing Arcadia owners demonstrates continued market demand for the yard's approach to midsize yacht construction. The model will compete in the under-24-meter segment against offerings from other Mediterranean shipyards.The Cannes Yachting Festival presentation will mark the first public showing of the A80new, following the company's pattern of introducing new models at major European boat shows. Arcadia Yachts continues production at its Naples-area facility, maintaining its focus on solar-assisted yacht systems and compliance with evolving environmental regulations.Arcadia Yachts is based in Naples, Italy. Since 2008, Arcadia Yachts has been building semi-custom luxury composite yachts and has succeeded in perfectly integrating artisanal craftsmanship, modern technologies, attention to detail and to the surrounding environment. The Arcadia Yachts fleet has included two ranges since September 2016. The shipyard’s first and most characterizing range is the A range, which includes four models (A85, A85s, A105 and A115). The Sherpa range has a new model, the 24m Sherpa XL, which was launched at the 2019 Cannes Yachting Festival. The new model, A96, debuted at 2023 Cannes Yachting Festival.Credits: Arcadia Yachts