US broker Scott Goldsworthy has filed a lawsuit in the Broward County, Florida, against a customer and Italian shipyard Baglietto regarding a yacht purchase deal. The broker claims, two parties have circumvented verbal agreements on paying a commission to the brokerage.
At the same time, the customer, who appears to be Miki Naftali, CEO of New York-based real estate developer Naftali Group, has made a related filing. He has filed a lawsuit in the New York Supreme Court against Scott Goldsworthy.
Naftrali states, Goldsworthy is not entitled to a commission for assistance in concluding a deal to buy his 39.5-metre Baglietto yacht worth $ 14.5 million, according to New York real estate media The Real Deal.
Goldsworthy, in turn, in his counterclaim, accuses Naftali of fraud and seeks a $725,000 compensation.
The Real Deal reports, Goldsworthy has been in brokerage for about 15 years. They collaborated with Naftali for the past six years, during which Goldsworthy invariably received commissions after transactions on yachts purchases and sales.
The preparation of the most recent deal with Baglietto began in 2016. Goldsworthy stated that while regular personal meetings were held to discuss the design and characteristics of the future boat, Naftali, Goldsworthy and Baglietto CEO Michele Gavino had a mutual agreement, for the broker to receive a 5% commission of the total yacht’s price once the transaction is completed, which Baglietto CEO Michele Gavino agreed to, Goldsworthy’s suit says.
Naftali finally decided to order the vessel from Italian shipyard. However, he decided to sign a contract with Baglietto directly, without Goldsworthy’s involvement. According to Goldsworthy's lawyer Joshua Alper, quoted by The Real Deal, Naftali was supposed to save on the final cost of construction, and the shipyard was able to gain a foothold in the market for customised boats in the United States.
From the different angle, according to the lawyer of Naftali, the parties ceased cooperation in October 2016, and a written agreement that Goldsworthy should receive a commission never existed, nor did a written statement on Naftali's potential purchase interests. According to this view, Naftali told Gavino directly about his intention to buy a small private and inexpensive yacht for his family in June 2017, and Goldsworthy had nothing to do with it.
Naftali’s suit also claims that Goldsworthy 'did not play any role in the negotiations' on the project and that Naftali 'never discussed the potential construction' of the boat with Goldsworthy.
After the reports had been published, Baglietto also issued a written statement:
Baglietto, by means of its CEO, Michele Gavino, wishes to point out that the company has not taken part in any illicit action taken by the subjects mentioned. <…> In particular, Baglietto wants to point out that they have always conducted themselves and will continue to do so in a professional and ethical manner towards both the Owner and the brokerage community. Thus, Baglietto reserves the right to defend its behaviour and reputation in any qualified office.
In the meantime, Naftali Group currently works on several projects in New York City, including an assemblage from 1039-1045 Madison Avenue on the Upper East Side and a luxury condo project with Rockefeller Group at 200 East 83rd Street. The firm has also signed a contract to acquire 470 Kent Avenue on the Williamsburg waterfront in February for about $182 million.
Dutch builder Moonen Yachts has announced successful joining of the hull and superstructure of the latest Moonen Martinique superyacht. Currently under construction in the Netherlands, the 36-metre YN199 is available for sale, and is on track for a Summer 2020 delivery.The 36-metre motor yacht YN199 is the second yacht built on the semi-custom Martinique platform. She features exterior design from René van der Velden, with naval architecture undertaken by the Dutch experts at Diana Yacht Design in collaboration with René van der Velden. The London-based Studio Indigo is responsible for her sophisticated interior design.Following the keel laying on 14th December 2018, the second hull in Moonen’s Martinique line, the 36-metre motor yacht follows the delivery of her award-winning sistership, Brigadoon, in summer 2018.YN199’s Project Manager, Nicky van Zon, comments on the latest construction milestone: It’s no secret that Moonen has faced a challenging period over the past few months. Regardless, we’ve worked hard to ensure that project delays have been kept to a bare minimum. We’re all extremely proud that we have been able to reduce the delay in the construction of YN199.On-board, the yacht accommodates up to 12 guests across a six cabins, as well as a crew of seven. Her interior design concept remains flexible to allow prospective owners to customise it to personal style and taste. Still, special consideration has been already given to maximising internal areas to enhance a sense of space and ease of movement.Regarding her technical features, the yacht has a high-tensile steel hull and an aluminium superstructure. Reduced construction weight results in a maximum speed of up to 16.5 knots, lower fuel consumption and low noise and vibration levels for comfortable cruising around the world.Following delivery next summer, YN199 will be on display at the 2020 editions of the Cannes Yachting Festival and Monaco Yacht Show. At the moment, Moonen also has one more 36-metre steel and aluminium yacht under construction. Noteworthy, the yard filed for bankruptcy protection with the Dutch court this summer. Later, it has entered into a new ownership under an Australian couple, Matthew and Louise Baxter.
November 15, 2019
Brokerage company SuperYachtsMonaco has presented a new futuristic superyacht concept Project L by French designer Thierry Gaugain. Known for collaborations with Philippe Starck on several yachts including M/Y A, S/Y A and Venus, he is now presenting his solo 120-metre project. Project L will accommodate an indoor and outdoor cinema, nemo room, beach club, spa, gym, live performance area, dive centre, polar gear room, pools and a tender drive-in garage. Designer Thierry Gaugain, working on this project, did not limit himself to established frameworks. For example, it seems that the ship is generally devoid of windows, but this is not so. The area of glazing is actually large, just glass with one-sided visibility.Project L has a focus on sustainable yachting and will be powered by a diesel-electric hybrid propulsion system with azimuthing thrusters fore and aft. She will have an impressive 10,000 nm range at 12 knots and a high capacity waste management system to support her autonomy.She is also designed to be silent on the water. Her original naval architecture allows stable gliding through the water. Her low drag and seamless lines are to ensure best levels of low noise and vibration.Furthermore, Project L will feature a retractable ballast – like a sailboat keel – to adjust stiffness, roll time, feel and stability according to conditions, swell and wind direction when at anchor.Guest capacity of Project L is flexible, depending on her owner's needs. She can accommodate 12 guests with 40 crew plus staff, but it’s possible to expand this up to a maximum of 36 guests and 50 crew.The yacht's interiors will be well-lit, as lots of natural light can flood in. Her lighting system will mirror the hue of natural light as the day passes, promoting wellness and calm on board.The exteriors of Project L will be linked to the interiors by one-way glass which reflects the seascape. Her only exterior light will run the length of the yacht, which can change colour to transform the reflections or her nighttime silhouette. A futuristic concept is now exclusively for sale with SuperYachtsMonaco.
November 15, 2019
At the recent Monaco Yacht Show, a leading British yacht builder Sunseeker has revealed new Sunseeker 133 model. It will operate on a hybrid propulsion system developed jointly with Germany-based engines manufacturer MTU. Yacht Harbour discussed the future of hybrid propulsion engines with Darren Barnett, Marine Manager with MTU UK.Sunseeker 133Where does MTU decision to focus on hybrid systems for yachts come from?MTU has been an engine supplier for many years. The company is around 110 years old. Over that time, we have specialised in manufacturing and supplying light-weight and high-speed diesel engines.Now the time has come, when we have to be more than just an engine supplier, since the power requirements on-board yachts are getting greater. Owners of yachts want to operate them in a different way. They do not want to travel fast - they want to travel comfortably, economically and efficiently.Therefore, the best solution to that is to offer the system that can power the vessel in different ways. Thus, it would provide both propulsion and supply of all the consumes on-board, such as air conditioning, stabilisers and other hotel loads.Is that right, that speed is not the major concern anymore?Yes, that is what we say. So it is not all about having the largest, most powerful engines. It is about being able to offer better experience on-board, whilst the customers spend their leisure time there.Sunseeker CEO Andrea Frabetti and Darren BarnettWhat makes hybrid propulsion different from other engine systems?Diesel engines will remain the core of propulsion systems for boats in the future. Nonetheless, what we are doing is offering systems that can power a vessel using batteries, for example. We also deploy generators to provide power for not only propulsion, but also for conventional power needs on-board.Actually, the way all of that is linked together is a clever part, because the hybrid system itself is greater than the sum of all the components. You cannot just select components and install them into the yacht. Apparently, they need to be integrated together, so that they operate seamlessly. We believe, that there is a great future in yachting for hybrid systems.Our approach is that we will deliver the whole scope of supply. It means, not just the engine, not just a part of it but the whole system. Thus, we are also taking full responsibility for it. Customers want to have the knowledge that the complete system will be taken care of, because with complicated systems such as this one it can get difficult.Currently, we are developing a hybrid system jointly with Sunseeker for the Sunseeker 133 yacht. And we are looking into a modular and serialised system, since we want to have a portfolio of components to select from, such as different diesel engines and several types of batteries and generators. Sunseeker 133Do you think the hybrid propulsion system you are working on could be installed on other yacht models?The ideas is, with Sunseeker we have the first or pilot installation. Therefore, at the moment we are working on the scope of supply for the Sunseeker 133. In the future, the basis we have developed with Sunseeker will be available for other yacht builders with different diesel engines, different batteries and different generators. It will be possible to customise the system for any particular yacht.But is the system ready for installation yet?We are still in the development phase, but we are close to finalizing the total scope of supply. Hopefully, Sunseeker soon will be able to begin construction of the 133 yacht with the hybrid system.Then in the future, what do you think could be the largest size of a yacht to operate on hybrid propulsion?The serialized system we are developing with Sunseeker is aimed more at the production yacht market. Naturally, much larger yachts have much more specific requirements. However, we have done it in the past and that is what we will continue to do in the future.Operating as a custom service, we would develop a system to meet the customer’s requirements. That could be any size of yachts, up to the very largest ones. For instance, Sailing Yacht A operates on a kind of hybrid system, where MTU have supplied gensets.Many builders now opt for more eco-friendly engines in general. Have you noticed raising environmental awareness among yachting clients?Yes, definitely. Owners of yachts have realised that they probably could do something to more environmentally friendly. All the large yachts are the big consumers of power. What they could do, is raising awareness of where they can be more efficient. And it is obvious, that vessels running on diesels create emissions.Alternatively, with a hybrid system, all those large vessels could operate in harbours using batteries. It is a great benefit, that it is emission-free and completely clean. The only problem with hybrid is that for the moment people do not understand what hybrid is. It is a long process, and we are trying to educate people, what the capabilities of that system are.What is more, when a yacht is at anchor in a small bay and the owner of the yacht wants to swim around with family, they would not want a generator running with exhaust emissions coming on to the water. The environment would much nicer if there are no diesel engines running. We see it is a great benefit.
November 14, 2019
Delivered this summer, the 90-metre Oceanco superyacht DreAMBoat made a splash at the Monaco Yacht Show 2019 with her international debut. Yesterday, the famous vessel was photographed at the shores of Gibraltar.Photo: @DannyWheelz on Instagram via Dutch YachtingAccording to social media sources, DreAMBoat was built for US billionaire and owner of the Atlanta Falcons NFL team Arthur Blank, who is valued at $5.5 billion by Forbes. Meanwhile, Forbes valued the team at $2.6 billion as of September, 2018.DreAMBoat at the MYS 2019. Photo via Dutch YachtingThe yacht of aluminium superstructure on a steel hull features a 14.2-metre beam. Sleek exteriors by Espen Oeino come trademarked with generous overhangs from the superstructure and cut outs in the bulwarks lending her classic and strong appearance.DreAMBoat at the MYS 2019. Photo via Dutch YachtingThe vessel’s exterior also features numerous large windows offering panoramic views. Swimming pool aft at the main deck, a partially closed sundeck with Jacuzzi and plenty of seating and entertainment zones and a private Jacuzzi at the owner’s deck.DreAMBoat at the MYS 2019. Photo via Dutch YachtingDreAMBoat's interior carries bespoke surfaces and limestone floors, all decorated with sophisticated natural materials including wood, semi-precious stone, leather and mother-of-pearl all designed by Terence Disdale. Her impressive interior volume of 2,950 GT allows accommodation for 23 guests on-board, along with up to 33 crew members.Her propulsion package consists of two MTU 4,828 HP engines, with reported top speed of 18.5 knots.DreAMBoat at the MYS 2019. Photo via Dutch YachtingThe superyacht belongs on the list of the largest superyachts, ever built for sports teams owners.
November 14, 2019
Italian engineering startup company iSpace2O has offered an interesting 'craft', with no analogues as of today. Named DeepSeaker DS1, it can dwell both above and below water. DeepSeaker is a multipurpose craft. The vessel can be deployed for leisure, tourism, search and rescue, research and other utilities.DeepSeaker DS1 is capable of diving to a depth of 50 - 100 meters, depending on the mode. To go underwater, it is necessary to fill the inflatable tank that plays the role of a ballast tank.Oxygen cylinders that allow people inside to breathe are not needed, since the Oxygen for the passengers will be extracted from sea water.According to the developers, this process requires minimum energy, which is important, since DeepSeaker DS1 is a 100% electric device.On the surface, equipped with water jets and foils, the DS1 is capable of speeds up to 30 knots under the most powerful performance. With two electric motors of 40 kW each, which are included in the basic package, the maximum speed capabilities are limited to 23–25 knots.Lithium-ion batteries guarantee six to eight hours of battery life. A full recharge of batteries takes eight hours, but there is also a quick charging system that allows you to manage in no more than an hour.The small size of the four-sear Deepseaker DS1 enables her to fit easily in a garage of any superyacht or support vessel. The owner is also entitled to personalise his model opting for a colour scheme in the style of a mothership.The standard equipment on-board the vessel includes a digital dashboard, connectors for iPad, GoPro cameras and even such peculiar devices as hydrophones, with which one can listen to marine inhabitants.According to Giuseppe Carusi, co-founder at iSpace2O, the project has existed for five years, but only now they received financing. The first prototype of DS1 is planning to attend the Dubai Expo in October 2020, while the final version of the prototype will be ready by early 2021.The price of DeepSeaker DS1, according to preliminary data, will vary from € 950 thousand to € 1.2 million, depending on the version. In the future, it is planned to develop a larger and more spacious version, based on the platform.
November 13, 2019