Good morning ladies and gentlemen, and welcome to the Monaco Yacht Show. Thank you for this incredible turn out – I know how hard it can be to digest our latest news at this earliest of hours, so we have made sure the coffee is extra strong this morning! For those of you who do not recognize me, my name is Arthur Brouwer and I am CEO of Heesen.
It is a privilege to stand at the helm of our company which, in 2018, celebrates its 40TH anniversary. Just a few weeks ago we marked this milestone with a party at our shipyard in Oss for our employees and their families. It is lucky that we are in the process of expanding the shipyard – with 1,200 party guests we certainly needed the space!
Such a large turnout to that celebration really brought home to me just how far Heesen has come over the past 4 decades. I think back to those first steps in 1978, and remember that we had just 20 employees – and incredibly, 5 of those original 20 are still working with us today. They have certainly witnessed a lot of changes.Over the years, the company has grown just as the size of our yachts has grown. The very first Heesen, MY Amigo, was launched in 1979 and was “just” 20 metres. That seems small by today’s standards, but back then she was certainly considered a large yacht.
Today our largest yacht under construction, as you have just heard, is 80 metres. That’s a growth of nearly four times the length in four decades, or 20 metres every ten years. Of course, this growth has meant we have had to continually expand our facility, and today we have 8 sheds and 6 dry docks, totalling 22,000 m2 at our main shipyard - including an 85 metre dry dock we inaugurated in 2016. We also have a 6,500m2 interior workshop in Winterskwijk.
The key to all our success is the same now as it was right back in 1978 – the women and men who work passionately to craft our yachts. That original team of 20 has also grown considerably. We now have 450 fulltime employees and approximately 200 subcontractors. That means that on any given day there are around 650 people working on our premises. And they are being kept very busy. Earlier this year we sold 2 full custom yachts: the 60m Project Falcon and the 80m Project Cosmos – a combined total of 140 linear meters of yacht. Perhaps more impressively, their combined Gross Tonnage is 2,760 GT – which is 80 per cent of the entire gross tonnage of the six yachts we sold in 2017.
It means our company, once again, is expanding accordingly. We have recently completed the acquisition of a new property in Winterswijk to increase our interior facility there, and we are currently in an advanced phase of negotiations to acquire more land in Oss. As we are expanding, we are also actively looking for new people to join our highly skilled workforce, and we are training the next generation of craftsmen and yacht builders.
Recruiting and training skilled workers is just one of the challenges we face and embrace. Over the past 40 years we have seen the market change considerably. We have not only changed with the market, we have also made it our mission to influence and drive those market changes. Heesen began as a yard building full custom yachts on demand, and we remained a custom yacht builder for the first 20 years of our history. But at the turn of the millennium we were among the first shipyards to bring semicustom and platform superyachts to the market, with the idea of building on speculation. It proved to be a milestone decision, and today our commercial success continues to draw on this strategy of building both custom yachts and on-spec platform yachts.
Our current order book consists of 12 yachts under construction, with deliveries ranging from next year, all the way out to 2022. 5 of these are being built on spec. We live in a world of instant gratification, and not all clients are willing to wait 2.5 to 3 years to take possession of their yacht. Building on spec allows us to reduce the delivery time to clients. Of course, we also have to be aware of wider market conditions and in this sense the global economic outlook remains positive. However, substantial risks do exist and could threaten growth in the short and medium terms. Escalating trade conflicts and protectionism, the tightening of monetary policy, equity market corrections and global political strains are just a few of the factors that can play their part.
However, the number of the world’s wealthiest individuals continues to grow, not just in the billionaire bracket but also in the Ultra High Net Worth bracket – usually defined as those people who have a net worth of more than $30 million. Indeed, Knight Frank estimates that at the end of last year there were close to 130,000 of these UHNW individuals worldwide – a rise of 10 per cent over the course of 2017. 2017 was also a great year for Heesen with the sale of 6 yachts ranging from 47 to 55 metres, and with the 60 metre and 80 metre full custom yachts sold this year it is clear that we continue to enjoy a promising future. Perhaps that’s a result of the 40 years of experience we have amassed in the custom and semi-custom superyacht market, having now built and delivered more than 170 superyachts.
Either way, we are moving into the next 40 years of our history with a strong order book and a solid strategy, and we look forward to working with you all as we unveil exciting new projects and continue to grow our facilities in the coming months and years. Thank you all for coming, and enjoy the rest of the Monaco Yacht Show.
Spanish marina operator Ocibar has entered its first international venture by acquiring a 25% stake in Marina d'Arechi, a major Italian marina located in Salerno. The facility, developed and operated by the Gallozzi Group, offers 950 berths for vessels from 10 to 100 meters, along with winter storage and maintenance services.Antonio Zaforteza, CEO of Ocibar, stated: “Marina d’Arechi is one of the great examples of success in marina development in the Mediterranean and still has significant growth potential. Our alliance will further enhance this marina and integrate it into a unique value proposition for its customers and those of the various Ocibar marinas.”Ocibar, which manages marinas in Tarragona, Mallorca, Ibiza, and Valencia, sees the investment as part of its Mediterranean expansion strategy. The Gallozzi Group, active in shipping and port operations since 1952, welcomed the partnership.Agostino Gallozzi, CEO of the Gallozzi Group and Marina d’Arechi, said: “We had contemplated expanding the shareholder base of Marina d’Arechi and are very happy to have Ocibar joining us with a 25 per cent participation, based on shared values and principles of business ethics. Our partnership will propel Marina d’Arechi into a new phase of development.”Planned upgrades include berth expansion, infrastructure improvements, and the construction of a hotel to support Salerno's tourism initiatives.Credits: Marina d'Arechi
April 18, 2025
GB Marine Group, the parent company of Grand Banks and Palm Beach Motor Yachts, has named Lynn Fischer as its new Global Chief Marketing Officer. The appointment follows recent expansions, including a 114,000-square-foot factory upgrade, and aligns with the company’s focus on brand growth and owner services.Fischer, previously Chief Marketing Officer at private aviation firm Vista, brings experience in luxury and premium brand strategy. In her new role, she will oversee marketing, brand development, and customer engagement for GB Marine Group’s yacht brands.Lynn Fischer“GB Marine Group is not only a heritage builder – celebrating nearly 70 years of Grand Banks Yachts and 30 years of Palm Beach Motor Yachts – it's a company at the forefront of next-generation yachting,” said Fischer. “From its ocean racing-inspired manufacturing approach that redefines performance and fuel efficiency, to its use of advanced technology and materials, GB Marine Group is pushing the boundaries of what's possible on the water.”CEO Mark Richards stated, “We are thrilled to welcome Lynn to the GB Marine Group. Her deep expertise in building aspirational brands and delivering personalized client experiences will be instrumental as we bring even more exciting new products to market, expand our global footprint, and evolve our factory-direct strategy.”Fischer’s responsibilities will include brand strategy, digital marketing, global campaigns, and enhancing owner experience programs. The move comes as the company prepares new product launches and expands its factory-direct sales model."GB Marine Group owns and operates three premium yacht brands: Grand Banks, Palm Beach Motor Yachts, and Eastbay YachtsCredits: GB Marine Group
April 18, 2025
Itama has introduced the Itama 54, a new 16.44-meter open cruiser designed to enhance onboard comfort and living space while retaining the brand’s signature style. The model, presented at boot Düsseldorf, marks Itama’s return to the 50 to 59-foot segment.Developed by the Ferretti Group Product Strategy Committee and the Group’s Engineering Department, with exterior and interior design by Tommaso De Luca, the Itama 54 features a streamlined aesthetic with functional innovations. The exterior includes a forward sun pad integrated into the deck and a redesigned transom that provides 1,800 liters of storage for water toys. Access to the bow has been relocated to the starboard side for improved convenience.The deck layout prioritizes comfort, with a large aft sun pad and a dual-cockpit design. The main cockpit includes a convertible dining area, while a second cockpit behind the windscreen offers a sheltered relaxation space. Both are served by a portside bar unit. The helm station features an ergonomic seat and a floating dashboard.Below deck, the Itama 54 accommodates two cabins, two bathrooms, a galley, and a dinette. The master cabin includes a central bed with storage, while the guest cabin offers a choice between a queen-size bed or bunk beds. Interior materials include wood, leather, and fabric, emphasizing simplicity and functionality. Side glazing runs the length of the hull, contributing to a modern silhouette.The yacht is powered by twin MAN i6-730 engines (730 HP) as standard, delivering a top speed of 33 knots and a cruising speed of 28 knots. An optional upgrade to MAN i6-850 engines (850 HP) increases performance to 37 knots top speed and 33 knots cruising speed (preliminary data).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 18, 2025
Camper & Nicholsons announces the establishment of its fourteenth office in Viareggio, Italy. This strategic move underscores the company's ongoing dedication to maintaining leadership in yacht construction and design.Located within one of Europe's premier yacht-building hubs, the new facility will focus on new-build sales, refitting services, and comprehensive project management. It symbolizes Camper & Nicholsons' evolving approach to yacht design, aiming to set new benchmarks for creative innovation and superior craftsmanship.According to Paolo Casani, CEO of Camper & Nicholsons, “The rising demand for new builds and project management necessitated establishing a specialized presence to enhance client service delivery. The Viareggio office provides an advanced structure guiding owners throughout all stages of yacht creation, from concept to completion.”Led by Daniela Duck, Managing Director of Camper & Nicholsons Italy, the office aims to cater to the expanding market for customized yacht solutions. Beyond conventional sales and project oversight, the Viareggio branch envisions becoming an inspirational space where clients engage directly in the design process, shaping their visions collaboratively with experts.Additionally, Camper & Nicholsons is pioneering novel digital tools to streamline and elevate the design phase further. This innovative initiative reinforces the company's reputation for pushing boundaries in yacht engineering and aesthetics.With its latest venture, Camper & Nicholsons seeks to usher in a transformative period for yacht development, blending tradition with modern technology. The firm welcomes stakeholders and enthusiasts alike to join in creating the next wave of exceptional vessels.Credits: Camper & Nicholsons
April 17, 2025
U-Boat Worx's submarines aboard Viking and Seabourn expedition vessels are transforming marine exploration, enabling unprecedented discoveries and advancements in oceanography. Powered by state-of-the-art technology, these submersibles facilitate detailed observations and data collection in previously unreachable marine habitats.Recent highlights include the rare documentation of the giant phantom jellyfish (Stygiomedusa gigantea) in Antarctica, marking the first publication of such findings by a cruise line. Other achievements encompass exploratory dives in the Great Lakes, leading to extensive surveys of historic shipwrecks. Most notably, Seabourn Pursuit located the long-lost Titania, a German supply vessel, which had remained undiscovered for over a century.Equipped with sophisticated instruments capable of diving to 300-meter depths, these submarines enable researchers to assess marine biodiversity, evaluate climate change effects, and monitor delicate ecosystems. Their presence aboard Viking and Seabourn ships underscores the synergy between luxury travel and scientific progress, setting a precedent for environmentally conscious exploration.Torstein Hagen, Chairman and CEO of Viking, emphasized, "Every voyage provides opportunities for scientific discovery… Our expedition vessels and scientists have already contributed to research that might not have been possible otherwise." Similarly, Robin West, VP and GM of Expeditions at Seabourn, highlighted the company's dedication to pioneering exploration: "These experiences are a testament to the spirit of expedition... taking guests to places where no other human has ever ventured."By integrating luxury with scientific rigor, Viking and Seabourn exemplify how maritime exploration can yield valuable insights, enhancing global awareness of marine ecosystems and advancing efforts toward sustainable conservation.Founded in 2005, U-Boat Worx leads the global market in designing and manufacturing submersibles for private, research, and cruise industries. With over 60 operational units worldwide, the company prioritizes safety, performance, and comfort, continuously innovating underwater exploration technologies.Credits: U-Boat Worx
April 17, 2025