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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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Northrop & Johnson announces the availability of the 6.84m Riva 88' Florida, aptly named Bellissima, currently offered for purchase by brokers Mike Finnegan and Sean Doyle. Her sleek profile, crafted by the acclaimed designers Mauro Micheli and Sergio Beretta of Officina Italiana Design, extends into an interior characterized by timeless aesthetics. Varnished elm wood accents and abundant natural lighting create a sense of airiness and sophistication. Both the main-deck aft and the expansive foredeck provide ample room for relaxed al fresco dining and lounging arrangements capable of hosting up to eight guests.Guest accommodations accommodate up to eight passengers across four distinct staterooms, including a center-line master suite positioned midship for utmost seclusion and tranquility. Two additional guest suites consist of a forward-facing VIP cabin, a double berth, and a twin berth, each accompanied by en suite bathroom facilities. Separately accessible crew quarters accommodate three staff members.Comfort and convenience are assured aboard Bellissima. Modern conveniences abound, including state-of-the-art navigation systems, dual Seakeeper gyro stabilizers, Starlink satellite internet connectivity, and Apple TV integration available in all guest rooms. Ample storage is provided in the commodious garage, sufficient to store a large jet tender and Jet Ski, while a convenient submersible swim platform eases access to the surrounding waters.Bellissima stands out for its ability to transform swiftly from an entirely open layout into a stylish hardtop coupe configuration via Riva's proprietary Pentagraph System, creating the broadest open-concept yacht in its category. Engineered for agile cruising, she achieves comfortable speeds of 34 knots, peaking close to 40 knots when pushed to her limits. Her shallow draft of 1.82m renders her ideally suited for exploring shallow-water destinations such as the Bahamas, Florida Keys, and Miami.The yacht is listed for sale at USD3,500,000.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.Credits: Ferretti Group
April 14, 2025
In a move aimed at reinforcing customer satisfaction and enhancing service delivery across Northern Italy, Azimut Yachts recently announced a groundbreaking partnership with Kora Marine. This agreement positions Kora Marine as the official dealer for Azimut Yachts throughout North-Western Italy – a region known for its rich maritime heritage, modern marina facilities, and global customers with considerable purchasing power.Kora Marine, headquartered in the scenic town of Santa Margherita Ligure, emerged as Azimut's preferred partner following rigorous evaluations conducted by the renowned shipbuilder. Led by industry veteran Francesco Montanella, whose extensive career includes serving as Asia Pacific Sales Manager for Azimut, Kora Marine brings together profound insights into both marine and high-end automobile markets. With his established reputation for catering to discerning clients, he promises to deliver unsurpassed levels of service tailored specifically to meet the needs of Azimut's elite clientele.Strategically vital regions including Piedmont, Valle d'Aosta, Lombardy, Liguria, and Tuscany serve as the primary focus for this alliance. As these territories host many of Azimut's vessels and continue to witness increasing demand for sophisticated services, this partnership aims to strengthen Azimut's regional influence through enhanced communication channels and proximity to boat owners.By joining forces, Azimut and Kora Marine intend to enhance the overall ownership experience – from initial consultation during yacht selection to ongoing post-purchase care. Their collaborative strategy leverages Montanella's expertise in the premium automotive sector, introducing refined standards of service similar to those associated with high-performance cars. Together, they seek to set new benchmarks for customized solutions in the boating industry.As Enrico Chiaussa, Azimut's Chief Commercial Officer for Europe, Middle East, Africa, and Asia Pacific noted, “Expanding our distribution network with Kora Marine reflects our commitment to providing superior service aligned with our brand values.”Echoing these sentiments, Francesco Montanella expressed pride in being chosen to represent one of Italy's leading brands: “We envision delivering a truly unique experience that fuses local wisdom with progressive service strategies. Through harmonizing yachting, hospitality, and luxury automotive elements, we aim to reshape what constitutes excellence in this field.”Azimut Yachts is an Azimut Benetti Group brand. With its Atlantis, Magellano Flybridge, S, Verve and Grande collections, Azimut offers the widest range of 10 to 40 meters.Credits: Azimut Yachts
April 14, 2025
On March 22nd, 2025, the eleventh iteration of the Mangusta GranSport 33, representing the entry-level segment of the prestigious Mangusta GranSport series, made its maiden voyage into the waters. This event marked not only a significant moment but also continued recognition of this model’s immense popularity since its introduction.Designed by renowned architect Alberto Mancini in collaboration with the skilled engineers from Overmarine Group, the Mangusta GranSport 33 embodies everything quintessential about the Mangusta legacy. At just over 33 meters, this yacht offers impeccable performance, exceptional fuel efficiency, and ample interior space combined with expansive outdoor living areas.Boasting substantial volume, direct visual connection to the ocean, extensive open-air zones, and an impressive top speed of up to 25 knots, the Mangusta GranSport 33 provides an idyllic platform for luxurious voyages.Equipped with four powerful Volvo Penta 735kW (1,000HP) engines coupled with advanced IPS pod technology, the yacht ensures optimal comfort, minimal fuel consumption, and extraordinary maneuverability.Inside, the exquisite design continues with vast panoramic windows ensuring breathtaking views at every turn. The owner’s suite spans approximately 40 square meters, complemented by additional accommodations consisting of two VIP and two guest cabins below deck.The 56-square-meter sundeck integrates seamlessly with the bow area, offering a serene infinity pool and sunbathing amenities.Commissioned by an esteemed Italian client, this particular Mangusta GranSport 33 will navigate the azure waters of the Mediterranean Sea.Overmarine Group was founded in 1985 by the Balducci family. The shipyard builds open and displacement power superyachts under the Mangusta and Mangusta Oceanco brand names. Credits: Overmarine Group
April 14, 2025
At the illustrious Yacht Style Awards & Gala Dinner 2025, hosted in the Constellation Ballroom of One°15 Marina in Singapore, the Swan 88 was awarded top honors for the best yacht above 20 meters.This accolade serves as another significant milestone for the Swan 88, solidifying its status as one of the most celebrated yachts introduced within the last year. Crafted by renowned designer German Frers, with exquisite exterior styling by Lucio Micheletti and interiors by Misa Poggi, the Swan 88 exemplifies unparalleled versatility and refined performance. Offering configurations with either three or four cabins along with crew quarters, it also features an optional lifting keel, further elevating its cruising capabilities.Barry Ashmore, Chief Commercial Officer, and Daniele Lucà, CEO of Simpson Marine, accepted the award on behalf of Nautor Swan during a grand ceremony preceding the Singapore Yachting Festival's commencement at Marina Sentosa.In response to this achievement, Giovanni Pomati, CEO of Nautor Swan, stated: “This vessel truly embodies victory. Following our success with the Eco Award from Boat International, we now find ourselves on the podium once more, courtesy of Yacht Style. It brings immense joy to see our dedication acknowledged. The Swan 88 strikes the ideal harmony between luxury, functionality, and aesthetic appeal. Sailing aboard a Swan remains the pinnacle of experiences for avid mariners.”The Swan 88 represents a cornerstone in Nautor Swan's mission toward autonomous, eco-friendly cruising. Collaboratively developed with its initial owner, the yacht pioneers long-distance voyaging powered exclusively by wind energy, capable of generating electricity to sustain essential onboard systems while relying solely on batteries. This groundbreaking concept extends throughout the entire Swan fleet, ranging from the compact Swan 51 to expansive models surpassing 100 feet, underscoring the brand's steadfast commitment to sustainability.Bringing together over 300 esteemed guests, including prominent yacht owners and industry influencers, the Yacht Style Awards celebrated excellence in global yachting through 33 competitive categories. Judged by a distinguished panel of 20 experts, criteria encompassed innovation, craftsmanship, environmental stewardship, and exceptional owner satisfaction, with a particular emphasis on the vibrant Asian market. The awards were gracefully presented by Gael Burlot, CEO and Publisher of Yacht Style magazine.Nautor 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 Swan
April 11, 2025
Sirena Superyachts has appointed Ocean Independence as the exclusive sales broker for its upcoming 42M and 118 models in Europe. These luxurious vessels, slated for launch in 2026, showcase the latest in design and engineering innovation from the esteemed Turkish shipbuilder.Sirena 11842M Model crafted by renowned designer Luca Vallebona for both exterior and interior layouts, alongside Hot Lab's sophisticated interior styling. Naval architecture provided by Van Oossanen ensures optimal performance and efficiency.118 Model features sleek exterior lines developed by Sirena's own design team, while Cor D. Rover lends his expertise to the interior. Naval architecture duties fall to German Frers, guaranteeing stability and comfort on the open seas.Sirena 42Cagin Genc, CEO of Sirena Superyachts, expressed enthusiasm about the partnership, stating, “We’re delighted to collaborate with Ocean Independence, a respected name in the industry. Their extensive network and reputation will provide excellent support for potential buyers across Europe.”Sirena 42Toby Maclaurin, Chief Commercial Officer at Ocean Independence, echoed this sentiment, adding, “Europe presents a wealth of opportunities for discerning clients seeking unparalleled craftsmanship and luxury. We look forward to introducing these extraordinary yachts to the market.”Sirena 42Construction of the flagship 42M model is already well underway, with the hull and superstructure successfully joined. This impressive vessel will offer lavish entertainment spaces, ample outdoor relaxation zones, and a striking master suite complete with a private terrace. Additionally, it features a spacious beach club with retractable bulwarks, enhancing its appeal for coastal cruising.Sirena 118The 118 model introduces a new composite line from Sirena, characterized by a waterline length exceeding 24 meters and a gross tonnage under 300GT. Its three-deck layout includes a versatile sundeck equipped with an optional circular pool and forward-facing lounges, complemented by a capacious beach club at the stern.Sirena Yachts is a Turkish yacht brand. The company produces semi-displacement motor yachts ranging from 17m to over 30m.Credits: Sirena Yachts
April 11, 2025