The Cannes Yachting Festival (September 6-11) is one of the main events in the superyacht industry attracting over 50 000 visitors to see almost 600 boats on display. Here are a few that are worth the visit.
Baglietto has launched the first 46 meter yacht part of its new FAST line at the beginning of May. The yacht was styled by Francesco Paszkowski Design in an effort to maintain the brand's tradition and to continue to move the company forward. A master cabin complete with an office and dressing room is located forward of the main deck. 4 additional guest cabins are located on the lower deck. On the upper deck is located a salon and a large outdoor area. From a technical standpoint, the yacht is powered by twin MTU 16V 4000 engines capable of propelling the aluminum-built yacht to a maximum speed of 28 knots. Classified with Lloyd's Register of Shipping and MCA compliant, the yacht will makes its debut at the upcoming Cannes Yachting Festival.
Gulf Craft is preparing for a regal display at the Cannes Yachting Festival with the European debut of its largest and most luxurious superyacht – Majesty 155. She is Gulf Craft’s first displacement superyacht, boasting 47 meters of unsurpassed luxury, from an ornately designed fountain on the sundeck, surrounded by a spacious seating area where passengers can enjoy breathtaking views of the water, to a beautiful waterfall that cascades from the rear sundeck into the Jacuzzi situated on the upper deck. Those looking to spend time under the sun’s golden rays will find comfort in the superyacht’s dedicated beach club situated at the rear entrance, fully equipped with a pantry, a retractable television, and a spacious lounging area. The lower deck also features a spacious garage behind the beach club which can house a tender and two jet skis, all easily moved in and out by crane.
Sarp Yachts, located in the Free Zone of Antalya in Turkey, has splashed their first project in March 2016. Sarp 46 is a tri deck vessel constructed with a steel displacement hull and composite superstructure. The yacht bears naval architecture by Tanju Kalaycıoglu and interior design by Adam Lay Studio. She has a customary layout, including a main-deck master and saloons on both the main and upper decks. Adam Lay Studio was asked to create a contemporary decor incorporating natural elements. Silks, carpets, leathers were used throughout the interior. Sarp 46 can accommodate 10 to 12 guests across 5 staterooms consisting of two double, two twin and a full beam master cabin.
Italian yacht builder Benetti will present the 40m yacht Chrimi III, the seventh hull in its Classic Supreme series. The vessel features exterior design from Stefano Righini, with an interior by Pulina DNA. Five cabins onboard are able to sleep ten guests and the owner comfortably. There is a full-beam stateroom forward on the main deck dominated by large windows that stretch the full length of the cabin on either side. Amongst her highlights are two Jacuzzi and the folding transom that comes with umbrellas and sunloungers for relaxing in the shade after a swim in the sea. It also reveals the tender garage that has space for a Williams Diesel-jet tender and two jet ski’s.
Perini Navi is pleased to announce the company’s inaugural presence at the Cannes Festival of Yachting. S/Y Dahlak, designed in collaboration with French Naval Architect Philippe Briand, is the most recent addition to the company’s fleet of 60 yachts and will be prominently on display in the Vieux Port of Cannes for the duration of the show. This 38m delivered in June sloop, with its aluminium hull and superstructures, showcases shipyard's latest innovations in singlehanded sail handling and stored power systems.
Custom Line has recently launched its first Navetta 37. Unveiled in March 2015, the new 37.04 meter long maxi yacht is the outcome of a complex design process in which the Group's engineers, architects and designers were engaged for over a year. Built in the La Spezia shipyard, Navetta 37 features strikingly clean lines, well-balanced spaces, and meticulous attention to every detail, a combination that makes for an innovative yacht yet with a timeless elegance. Born from the collaboration between the Strategic Product Committee, in which Ferretti Group is proud to have Mr. Piero Ferrari, the Engineering Department and Studio Zuccon International Project, the new ship applies the qualities of seaworthiness, comfort, safety, and personalization - in Custom Line's DNA from birth - to a revolutionary product in terms of style, design and spaces, putting it in a place of its own at the top of the class.
Cantiere delle Marche has launched the second hull in its Darwin Class 102 line at the beginning of May. 31.9m Babbo was built for a South American client. Hydro Tec was responsible for the naval architecture and exterior design, whilst her interiors were made in collaboration between Simon Hamui and PFA Design. Babbo features a 25sqm garage to host toys and tenders on board. The aft platform is able to accommodate a 5m tender, with another 6.3 metre tender stowed on the upper deck. Performance wise Babbo provides a top speed of 13 knots and a cruising speed of 11.5 knots. Powered by two 1340hp Cat engines, the yacht is capable of a 4,700nm range at 9.5 knots.
Ferretti Yachts, owned by Weichai Group, launched the very first Ferretti Yachts 850 in July in Italy. The new flybridge is 26 metres and is the epitome of how the largest yachts in the fleet have evolved, currently consisting of 10 models ranging from 45 to 96 feet. The Ferretti Yachts 850 is being built at the Cattolica shipyard and is the result of collaboration between the company's Product Strategy Committee, Studio Zuccon International Project - for the design of the exteriors and the layout of the interiors - and the Group’s Engineering Department, which handled the engineering and naval architecture and the interior design.
The innovative new 52 foot (15.84m) model by Sunseeker sets a new benchmark for the smaller flybridge format. Designed to maximize entertainment options, light and living space throughout, its hull incorporates unparalleled amounts of curved glass. Throughout the main deck there is a strong focus on creating easy to use sociable spaces. Its layout flows effortlessly from the spacious bow seating and sunbathing area – a unique feature for a boat in this class – to the cockpit space and upper aft galley. The open layout continues right through to the well-equipped bathing platform and transom, where an optional barbecue, full shower and range of other features can be found. The galley doubles up as a bar and opens up the whole main deck as an entertainment space, with hinged glass doors opening upwards and outwards to create a unique inside/outside environment for owners to enjoy hosting family and friends. The reconfigured helm seating area is another new feature which provides space for entertaining and socializing.
Gulf Craft is expanding its refit services to cater to its entire fleet, responding to a significant increase in demand. The company is poised to unveil a new refit center in Ajman, UAE, driven by the surging interest in refit services as the superyacht fleet continues to converge in the region. Currently under construction, the facility is slated for completion by mid-2025. Gulf Craft has also announced plans to enhance its Maldives facility over the next three years, as revealed to SuperyachtNews.“With this new facility, we’re not just addressing the growing demand for superyacht services; we’re committed to delivering an exceptional experience for our clients and fostering the development of a premier yachting community in the region,” stated Abeer Alshaali, Deputy Managing Director of the shipyard.The new Gulf Craft Services facility in Ajman, which aims to become partially operational by the end of this year, represents a significant investment in the region's yachting infrastructure. While the shipyard has traditionally provided refit and maintenance for its own fleet, the new facility will be accessible to all yachts.The region presents its challenges, including heat, humidity, and high salinity. However, with over 40 years of manufacturing experience in these conditions, Gulf Craft asserts that it has robust systems to ensure operations run smoothly throughout the year.Spanning 10,034 square meters, the facility will feature an 8-meter natural water depth, a 600-tonne Cimolai travel lift capable of accommodating yachts up to 600 tonnes, and a 75-tonne travel lift for smaller vessels.Additionally, the shipyard will offer an 80-meter alongside berth for in-water repairs, along with four 60-meter yacht berths. Specialized workshops will provide carpentry, upholstery, painting, fabrication, mechanical, and electrical services, complemented by an on-site spare parts shop.Vessel registration services will also be available through a partnership with the Dubai Maritime Authority.Since the company’s inception in 1982, Gulf Craft has grown to become one of the top seven shipyards in the world: once a builder of small fishing boats in its modest premises, which was a genuine passion for Gulf Craft, they then established their credentials as a leader of innovation and technology in the yachting industry. With five brands in their product portfolio ranging from 31 to 175 feet, Gulf Craft manufactures yachts and boats that appeal to a wide audience, such as touring passenger vessels, Silvercraft family day boats, Oryx Sport Cruisers, Nomad Explorer Yachts, and the flagship Majesty Yachts.Credits: Gulf Craft
November 13, 2024
The Italian Sea Group S.p.A. ("TISG") reported a robust performance for the first nine months of 2024, showcasing significant growth across key financial metrics. Revenues reached EUR 292 million, marking an increase of 11.4% from EUR 262.2 million in the same period last year. EBITDA improved by 16%, totaling EUR 50.1 million, with an EBITDA margin of 17.2%, up from 16.5% in the first nine months of 2023.Key financial highlights include:Revenues: EUR 292 million (+11.4% vs. 2023)EBITDA: EUR 50.1 million (+16% vs. 2023), EBITDA Margin: 17.2%Net Financial Debt: EUR 19.0 millionInvestments for the period: EUR 7.2 millionTotal Order Book (contracts in progress): EUR 1,275 million as of September 30, 2024.Giovanni Costantino, Founder & CEO, expressed confidence in the positive trajectory of the company, especially following the successful debut of new superyachts at the Monaco Yacht Show. He emphasized the ongoing negotiations that could further enhance the company's performance heading into 2025.JAS In detail, TISG's revenues stemmed from shipbuilding, contributing EUR 257.3 million, up 12.2%, while refit revenues totaled EUR 34.8 million, increasing by 5.8%. The strategic focus on operating costs and production efficiency bolstered EBITDA margins.The backlog remains strong, with contracts related to new yachts and refit projects valued at EUR 1,275 million. Net backlog, deducting recorded revenues, stood at EUR 533 million.Investments during the period totaled EUR 7.2 million, aimed at elevating production capabilities, including the establishment of a business unit dedicated to steelworks.Net Financial Debt increased to EUR 19.0 million as of September 30, 2024, reflecting dividend payments and ongoing investments. The company continues to adhere to a strategic approach that balances growth and financial stability.In governance news, following the resignation of Simona Del Re, Mr. Filippo Menchelli was co-opted to the Board and appointed Chairman. Menchelli previously led the company’s financial strategy and operational efficiency initiatives.The Board also reaffirmed the independence of its non-executive directors in line with governance standards.ADM 75mLooking ahead, TISG remains committed to its growth strategy for 2024 and 2025 and is optimistic about upcoming negotiations for large yachts, including new projects in the Admiral fleet. Following the great success achieved last September at the Monaco Yacht Show, in particular with the MY Admiral 66m JAS and MY Admiral 78m Platinum, the Company is working on several negotiations for large yachts, which it believes will be finalised between late 2024 and early 2025.In this perspective, TISG recently presented to the market some details of its newest project in the Admiral fleet, ADM 75m, a response to the growing industry demands in the 70m+ segment, redefining the concept of elegance and comfort at sea. 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. Credit: The Italian Sea Group
November 13, 2024
Denison Yachting has introduced the Project Spitfire, an impressive 50.6-meter motor yacht crafted by Ares Yachts. This new construction opportunity is a joint central listing shared with Will Christie of Christie Yachts, based in London.Inspired by the iconic Supermarine Spitfire fighter aircraft, Project Spitfire exemplifies sleek design and cutting-edge features. Ares Yachts states that the superyacht seamlessly merges aeronautical elegance with exceptional maritime capabilities, built upon the award-winning Ares 150 Bold hull, recognized as the 'World's Best Offshore Patrol Vessel' in 2018. The hull design has undergone extensive optimization and validation through advanced simulations and rigorous testing, ensuring a superior blend of design innovation and technical precision.Spitfire offers luxurious accommodations for up to 18 guests across five staterooms, featuring a full-beam owner’s suite on the main deck complete with a private deck featuring a hot tub, movie area, and side balcony. The yacht includes two double cabins, two twin cabins, and five crew cabins, all designed for utmost comfort. The interior layout promotes informal and versatile living, catering to diverse guest needs and creating a relaxed atmosphere.Equipped with a diesel-electric hybrid propulsion system, Spitfire focuses on delivering a refined user experience by minimizing noise, emissions, and vibration. This advanced system allows for six hours of silent cruising without the genset or one hour entirely on electric power. It can achieve up to 11 hours of "silent" operation during typical Mediterranean conditions in a 24-hour period, ensuring a tranquil experience while keeping operational costs in check.Alex G. Clarke, Denison’s superyacht broker representing the project, praised Ares Yachts, a prominent family-run business located in Antalya, Turkey. “Ares Yachts is one of the most impressive shipyards I’ve encountered, and I’m confident Spitfire will showcase their exceptional quality upon delivery," he remarked. The yacht showcases a wellness-centric design, featuring a gym, beach club, and fold-down balconies, blending interior and exterior living spaces with flair.“Collaborating with such renowned figures as Dickie Bannenberg and Simon Rowell has been truly gratifying, bringing about a dream project,” added Clarke. Construction for Project Spitfire is set to commence in early 2025, with a delivery timeline of two years. Its pricing reflects the prestigious standards expected from Bannenberg & Rowell, positioning Ares Yachts as a leading name in the global superyacht market.Ares Yachts, situated in Antalya Free Zone on Turkey’s south coast, spans 40,000 square meters of build space across four large sheds. Besides Simena, the shipyard is concurrently working on other projects, including the 50m motor yacht Spitfire and a 54m explorer yacht known as Project Atlas. Additionally, Ares Yachts is developing a 65-85m yacht range in collaboration with Lateral Naval Architects.Credits: Denison Yachting
November 13, 2024
Italian yacht manufacturer Sanlorenzo has announced impressive financial results for the first three quarters of 2024, highlighting a growing order backlog that has reached €1.72 billion, a record high for the company.In the first nine months of the year, Sanlorenzo reported net revenues from new yacht sales totalling €669 million, marking a 6.9% increase from €626 million in the same timeframe last year. This growth is primarily driven by the superyacht sector, which experienced a substantial 15.4% rise in revenue, while the yacht and Bluegame segments showed steady performance with more modest gains.The company's net profit climbed to €72.9 million, reflecting a 9% increase from €66.9 million in 2023, resulting in a profit margin of 10.9%. Sanlorenzo also made strategic organic net investments of €27.8 million aimed at enhancing production capabilities and developing new models. When accounting for acquisitions, total net investments amounted to €162.1 million.The group’s gross order book expanded by €355 million in the third quarter alone, benefiting from 90% of orders being sold directly to end clients. With substantial bookings already in place, over 94% of the company's revenue guidance for new yacht sales is covered for the current year, while €844 million is secured for subsequent years. The net backlog is strong at €1.05 billion, providing a coverage ratio that surpasses 1.1 times the guidance for new yacht revenues in 2024.Regionally, Sanlorenzo has seen remarkable growth in the Americas, where revenues surged 39%, complemented by an 80% increase in the MEA region. The APAC area also reported a 17% rise, while European revenues experienced a 9% decline, largely due to high comparative figures from the previous year.EBITDA for the period rose to €123.6 million, representing an 8.6% increase from last year’s €113.8 million, translating to an 18.5% margin on new yacht revenues. EBIT was reported at €97.5 million, up 6.8% from the prior year, with a margin of 14.6%.As of September 30, 2024, Sanlorenzo's net cash position stood at €27.2 million, influenced by dividend distributions and one-time cash flows linked to recent acquisitions.In August 2024, the company completed the acquisition of Nautor Swan Group, broadening its portfolio to encompass 13 entities across seven countries. This strategic move aims to foster synergies in technology, production, and marketing, enhancing the company’s presence in both the motor and sailing yacht markets.Sanlorenzo's chairman and CEO, Massimo Perotti, remarked, "The results from the first nine months reaffirm the strength of our group, which continues to thrive in challenging conditions due to our well-balanced and meticulously crafted strategy."He further noted that with a net backlog exceeding €1 billion, of which 90% is sold to end clients, the company is insulated from the fluctuations typical in the distribution networks of competitors dealing with lower-tier products. Perotti underscored the importance of substantial investments in direct distribution channels, reinforcing Sanlorenzo's global footprint while creating operational efficiencies.He described the company’s approach as rooted in "desirability, scarcity, and genuine sustainable luxury," with a focus on "innovation that honors tradition and aspires to unparalleled quality."Sanlorenzo has confirmed its forecast for 2024, anticipating strong results across all financial metrics – revenues, EBITDA, EBIT, net profit, and investments – anchored by a solid order backlog that meets more than 90% of the year's revenue projections.The company has updated its estimates for its net financial position at year-end, now projected to be between €110 million and €120 million.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
November 12, 2024
Pershing has introduced the GTX70, a remarkable addition to its Sport Utility Yacht range, showcasing a blend of innovation and comfort consistent with the previous models. This cutting-edge yacht boasts an impressive design aimed at maximizing external spaces, allowing for a stronger connection with the surrounding water. The seamless flow between interior and exterior areas enhances livability, particularly on the main deck, creating an expansive, open space experience. Every detail aboard the Pershing GTX70 emphasizes comfort, especially in how the various volumes harmonize to facilitate exceptional relaxation. This model is the impressive result of a collaborative design effort involving the Ferretti Group Product Strategy Committee led by Piero Ferrari, Vallicelli Design, and the Group’s Engineering Department. The hull was expertly crafted at the Ferretti Group Plug and Mould facility, where advanced technology is seamlessly integrated with Pershing’s renowned craftsmanship. A pivotal feature of the GTX70 is its space optimization, offering 30% more exterior areas and 10% greater interior spaces than similar models, emphasizing the brand's commitment to creating environments where guests can socialize and enjoy the sea to the fullest. The exterior design of the Pershing GTX70 is inspired by the acclaimed Pershing Gran Turismo family, highlighting its sporty lineage through an incredibly vertical bow that enhances the boat's sleek silhouette. The seamless, convex sheer line flowing from bow to stern, alongside the bulwarks, creates inviting outdoor terraces, embodying a sophisticated use of space. Inside, the dynamic interior design reflects the brand’s cruising ethos, with the main deck featuring a split stern area that enhances the beach-like atmosphere. With terraces opened, this area expansively measures 23 square meters, seamlessly merging the outdoor dining space with the interior lounge through an ingenious galley design enhanced by a versatile up-down pocket window. Below deck, the GTX70 offers three comfortable cabins, each with private en-suite bathrooms, emphasizing space efficiency thanks to innovative design strategies. Additionally, a convenient laundry room enhances functionality and accessibility. Atop the yacht, a 16-square-meter sportbridge caters to relaxation with sunpad areas, dining space, and helm station, all protected by an electrically operated bimini top. Performance-wise, the GTX70 is equipped with three 900 MHP VOLVO PENTA D13 IPS1200 engines, achieving a top speed of 35 knots and a cruising speed of 30 knots. The yacht will also hold CE Class A certification, ensuring it meets the highest safety standards for vessels under 24 meters in length.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
November 12, 2024