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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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boot will be at its Düsseldorf home port from 20 to 28 January 2024. The organizers shared the number from with year’s show – nearly 237,000 visitors from over 100 countries and more than 1,500 exhibitors from 68 nations on 220,000 sq. m in 16 exhibition halls, have been registering at the exhibition, which was held from 21 to 29 January.“Despite the difficult general conditions, boot 2023 has written a success story. We would not have dreamt of this outcome. boot has finally reached calm waters and is once again firmly anchored in its Düsseldorf home port. The successful comeback has demonstrated that trade fairs ‘made in Düsseldorf’ have an international appeal,” reports Wolfram Diener, President and CEO of Messe Düsseldorf. Visitors from all over Germany, especially experts from the Netherlands, Belgium, Switzerland, Italy, France, UK, Turkey and Spain used the trade fair to find out about the latest innovations in the sector. Numerous manufacturers and prospective buyers from the USA, South America and Asia made the trip to Düsseldorf again and enriched the industry get-together with innovative products, inspirations and in-depth knowledge transfer.Also attracting a lot of attention was the new sustainability forum ‘blue innovation dock’ at boot 2023. Here industry, policy-makers and international associations met for high-level dialogue and exchange. Philip Easthill, Secretary General of the Association of the European Boating Industry from Brussels, comments: “The industry has already made great strides in the development of sustainable materials, propulsion systems and marinas and we will be able to support them intensively in the future with the blue innovation dock”.Credits: boot Düsseldorf
February 3, 2023
Damen Yachting has delivered the support vessel YS 7512, now known as Abeona after a Roman goddess of outward journeys and safe returns. The order for the vessel, supposedly from Jeff Bezos, but the information wasn’t confirmed, was received in 2019. The model features customized in-house design based on the YS 75 model in the Damen Yacht Support range. The project on behalf of the client was supervised by Wright Maritime Group. In January Abeona arrived in Gibraltar after successful sea trials in December. The 75-meter vessel has a beam of 12 meters and a volume of approximately 1,900 GT. She features a helicopter hangar with a D14 value, has state-of-the-art environmental equipment and capacity for containerised emergency relief support equipment together with a wide range of specialized marine gear and tenders. The vessel will be able to accommodate up to 45 people including crew, specialist staff and guests.She has a top speed of 18 knots and a range of 5,000 miles at 15 knots. 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
February 3, 2023
Swan Shadow (Hull #114) will be showcased at the Miami International Boat Show, which will be held from February 15th to 19th.Swan Shadow is a multipurpose motor yacht concept able to reach a performance of up to 55 knots top speed. The design of Shadow incorporates features that customers might generally expect to see in larger full-custom or semi-custom yachts, features that are not too common in 40-foot powerboats. One of these features is a movable aft platform, transforming a visually simple design from a fixed platform to a swim platform or a passerelle. Another design feature is the addition of optional telescopic roof pillars and moving glass panels to create a convertible cabin. This allows the boat to be used either fully open or closed for privacy and comfort during bad weather. Swan Shadow has been conceived to easily accommodate an overnight or weekend trip to the archipelago.At the show, there will be the opportunity to experience a virtual reality tour of the new motor yacht, "Swan OverShadow," which is based on the high-performing hull of the Swan Shadow. The yacht features an inboard engine and two different layout configurations above and below deck.Nautor’s Swan was founded in 1966 in Pietarsaari, Finland. The builder entered the superyacht market in 1999. Since then, the yard has continued building high-performance sailing yachts in three different lines; ClubSwan, Swan Yachts and Maxi Swan Yachts. Credits: Nautor’s Swan; Unsplash
February 3, 2023
The 41.8m classic Feadship Synthesis 66 is now available for sale with Northrop & Johnson Yacht Broker Ed Dickinson. After a recent extensive refit from 2020 through to Spring 2023 at Monaco Marine, Synthesis 66 saw a full rebuild of her bridge deck aft, a full repaint, all new teak decking, an overhaul of all her mechanical systems. Her interior was also rebuilt under the supervision of Boutsen, Monaco. The redesign retained many of her original elements, including her beautiful woodwork. Her interiors are elegant, timeless and classic throughout, with light neutrals and clever pops of color. She can comfortably accommodate up to 10 guests across five cabins, with a further five cabins for a total of nine crew. The superyacht has ocean cruising capabilities with a range of 3,500 nautical miles thanks to her two Caterpillar engines.With a very successful charter history, Synthesis 66 is asking for EUR23,000,000.Feadship was formed as a group in 1949 as a marketing partnership between six Dutch shipyards, de Vries Lentch, Van de Stadt, Witsen & Vis, Akerboom, De Vries Scheepsbouw and Van Lent Shipyard, and De Voogt Naval Architects. Feadship is well-known as one of the Netherlands’ most elite yacht builders and delivers superyachts from 50–100+ meters in length.Credits: Northrop & Johnson
February 2, 2023
At the Dubai International Yacht Show, Sunreef Yachts will present the all-electric Sunreef 80 Eco, as well as one of the best-selling 60 Sunreef Power catamaran models. They will be on display throughout the event, from March 1st to 5th at Dubai Harbor Marina.Sunreef 80 EcoThe Sunreef 80 Eco has distinguishing features including a revolutionary solar panel system integrated into the composite, with photocells built into the hull, superstructure, bimini and catamaran mast. This award-winning electric superyacht is also capable of generating clean energy while under sail thanks to a state-of-the-art hydro-generation system.60 Sunreef PowerThe 60 Sunreef Power is a versatile and modern motor yacht offering exceptional comfort, seaworthiness and complete freedom of customization. Boasting vast living spaces, including a superyacht flybridge and large main saloon with panoramic windows, this unrivaled vessel is the epitome of power catamaran excellence.Sunreef Yachts was founded by Francis Lapp in 2002 in Gdansk, Poland. Since then, the shipyard has been designing and manufacturing luxury sailing and power multihulls. Credits: Sunreef Yachts
February 2, 2023