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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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Polish yacht builder Sunreef Yachts exhibited their catamaran 70 Sunreef Power at the recent Miami edition of Art Basel in an untraditional way. In collaboration with artist Alexander Mijares, the yard presented an art work at the Fontainebleau Marina in Miami Beach from December 4 to December 8.Sunreef Yachts founder and president Francis Lapp commented:Originality is definitely part of the Sunreef DNA. Our crafts and all our endeavors are meant to leave a long-lasting impression. When I heard Alexander Mijares wanted to collaborate with our brand, I immediately agreed, knowing he would come up with a compelling and memorable project. I am happy to have him on board with us for Art Basel.Alexander Mijares designed an original hull wrap reflecting the vibrant energy of Miami. The artist named his work Pieces of Me, using the yacht as a sort of canvas to explore his own Miami roots. With dark and warm hues playing against the blue ocean back front, this vessel stands out much from typical white hulls.The 70 Sunreef Power model belongs to the shipyard’s previous power catamaran range. Meanwhile, recently tennis superstar Rafael Nadal has recently ordered Sunreef 80 Power yacht from the builder.Photo via Sunreef Yachts
December 10, 2019
As the middle-size market continues to struggle, megayachts have had yet another explosive year, pushing new limits for the industry and leading some yards to thrive. The world now has 53 yachts over 100 meters, more than double the amount in the fleet 10 years ago. Whilst the Middle East and Russia have remained active in the range, the addition of buyers from the US to the megayacht range has led the space to new heights.Yacht Harbour looks at the largest yachts delivered in 2019 and what you need to know about them.#1 Flying FoxLength: 136m Yard: Lurssen The largest yacht delivered by Lurssen this year, Flying Fox also became the most massive yacht to enter the charter market. Stretching across 136 meters, the yacht’s exterior was designed by Espen Oeino, often involved with large Lurssen builds. Onboard, Flying Fox features 11 cabins with sea view terraces, a 400 square meter spa spread over 2 floors, a 12-meter long swimming pool, a dive center and 2 helipads, all serviced by a crew of 24.#2 TISLength: 109m Yard: Lurssen The largest yacht ever displayed at the Monaco Yacht Show, Tis wowed prospective buyers with her one of a kind interior inspired by Parisian palaces and designed by Andrew Winch. The 109-meter long Lurssen was put on the market shortly prior to her delivery and is currently looking for a new owner at a $250 million price tag. Meanwhile Tis is available for charter at $2.2 million per week. On top of the helipads, swimming pool, spa, gym and luxurious staterooms, arguably one of the most unique amenities onboard is a main salon spread across 2 levels with a grand staircase.#3 IJE Length: 108m Yard: BenettiA transformational build for Benetti, the Italian yacht manufacturing behemoth, IJE became 1 of 3 yachts over 100 meters built by the yard in 2019. Delivered to Australian billionaire James Packer, the yacht became his latest flagship following Arctic P. Crafted in traditional Benetti style on the exterior, not much is known about the yacht’s interior. IJE and its new generation of Benettis did however put the yard into the competition for more 100-meter plus new builds as an increasing number of yards begins to compete for the segment.#4 Lana Length: 107m Yard: Benetti The first mega Benetti to be delivered, the 107-meter was built as hull FB 277 and was since named Lana. With its construction overseen by Imperial Yachts, online commentary has been speculating its owner to be from Russia. Little is known about the ship, other than its distinctive exterior look. At the time of her launch, it was teased the yacht would later be made available for charter, in what is a growing trend among megayachts.#5 Zoza Length: 105m Yard: Benetti Rounding up the ranks of the 50 largest yachts in the world, Zoza was launched in 2019 for a Middle Eastern owner according to social media. Primarily differentiating itself from other megayachts with tall panoramic windows, the yacht is likely to remain private and off the charter market.#6 MadsummerLength: 95 meters Yard: Lurssen Built by the German shipyard Lurssen, in what has proven to be their size range with the highest resale value thanks to strong demand on the buy size, Madsummer was delivered earlier this year. Indicative of the growing influence of American influence in the size range, Madsummer was built for experienced yacht owner Jeffrey Soffer active in Florida real estate.#7 Lady S Length: 93mYard: Feadship A surprising player in the megayacht sector is LVMH. Following their purchase of the Feadship Royal Van Lent yard nearly a decade ago have grown their influence over the space and maintained Feadship’s reputation in the megayacht sector. Built for Washington Redskins owner Daniel Snyder, Lady S was designed by Michael Leach. Perhaps the most innovative feature onboard the American billionaire’s yacht is an IMAX cinema.#8 DreAMBoat Length: 90m Yard: Oceanco In the fight for supremacy over the megayacht market a rapidly gaining player has become the Dutch-based Oceanco, whose most recent megayacht became DreAMBoat following hallmark projects like Jubilee and Black Pearl. Another example of Americans’ increasing presence, the 90-meter was built for Home Depot co-founder Arthur M. Blank. The capitalization in the yacht’s name being a clever play on the billionaire’s initials AMB.#9 Bold Length: 85m Yard: Silver Yachts One of the most unusual yachts on the water, its story begins with a bet to build fast, long yachts in Australia, which Guido Krass made when setting up Hanseatic Marine. Since renamed to Silver Yachts and now owned by a Chinese aluminium producer, the yard has built 5 yachts, the latest of which is Bold. It’s most unusual feature is the vast lounge deck with full panoramic windows overlooking a large helipad aft of the main deck. Stretching over 85-meters the yacht is the reflection of a growing desire to explore from a new generation of owners.#10 Excellence Length: 80m Yard: Abeking & RasmussenBuilt for serial yacht owner Herb Chambers, the 80-meter yacht becomes his latest flagship built by German yard Abeking & Rasmussen and 3rd new build with that particular yard. Created with an instantly recognisable look, the yacht is now available for charter. Amongst her key features is a 3-storey tall atrium with panoramic windows. Chambers’ previous yachts were also named Excellence and proved to be successful charter vessels. His former flagship, Excellence V was sold in May asking €69.5 million. His prior 78-meter Abeking&Rasmussen was however sold to a Russian billionaire even prior to her delivery, now known as Eminence.#11 Dragon Length: 80m Yard: Columbus Whilst Dutch, German and Italian yards have been competing for the megayacht market, Palumbo Group, a Malta-based company has been quietly amassing a leadership position in refits and expanding into new builds acquiring ISA Yachts and now managing to deliver an 80-meter yacht through their Columbus brand. Dragon becomes the largest yacht built by the Maltese group. With all of the amenities one would expect of a yacht this size like a 7-meter swimming pool, beach club and vast staterooms, the yacht is a clear statement to the Maltese group’s expansion on the scene.
December 10, 2019
Italian designer Pierpaolo Lazzarini makes his specialty not only in futuristic boats design but also cars, product design and architecture. He has shared images of a new bold F33 Spaziale yacht concept, capable of literally flying over water, thanks to foils installation. F33 model will come available in two versions. The first version of "teardrop" shape would be ideal for relaxing cruising with comfortable areas for sunbathing on the sofas at the stern or on the sundeck. Layout would also comprise a guest cabin to sleep a night.The second version might feature less posh appearance, since primarily intended for outdoor activities. For example, she even allows transportation of an inflatable boat on the cabin roof.F33 Spaziale would come fitted with either a pair of Yanmar diesel engines with a 440-litre capacity for each, or similar 387 CV Tesla electric motors. In addition, there is a possibility to install jet-propelled Hamilton Jets. Thus, the model’s maximum speeds vary from 35 to 55 knots, depending on the engine choice.Though still a concept for the moment, the model might go serial in the future. For instance, the previous boat project by Lazzarini, 3.4-metre Jet Capsule has successfully entered the market.Regarding the vessel’s price, the basic model is currently estimated at about about $610,000, while more ‘complex’ versio