The Azimut|Benetti Group, under the leadership of the Vitelli family, solidifies its position as the world's foremost yacht manufacturer, boasting a 14% share of the global market. The 2024 Global Order Book by Boat International magazine places the group at the pinnacle for both the number of units under construction and cumulative project length. With 167 yachts totaling 6014 meters, the group commands a 23% surge in production value, constituting 14% of the world market.
This achievement is mirrored in the group's robust financial results for the fiscal year ending August 31st, 2023. Production value witnessed a remarkable 23% upswing, and Ebitda experienced a substantial 50% increase. The group's consistent growth over the last five years is evident, nearly doubling production value from 700 million to 1.3 billion euros.
Courtesy of Boat International Media Limited
The Azimut|Benetti Group's enduring success stems from its strategic focus on customer experience, continuous product innovation, and a commitment to sustainability. The company's three-pillar strategic plan encompasses the evolution of product design and sustainability, the development of services through brands like Lusben and Yachtique, and the nurturing of talent.
Azimut and Benetti continue to dominate the market with cutting-edge concepts that anticipate owner desires and industry trends. Azimut explores new design frontiers, emphasizing a conscious design concept that respects the interconnected relationship between people, yacht, and the environment. Over half of Azimut's fleet is Low Emission Yachts, ensuring a reduction in emissions of up to 30%. The upcoming Seadeck is set to be the most efficient hybrid series ever built.
Benetti, through collaborations with renowned architects like Bonetti/Kozerski Architecture, reinterprets iconic models, introducing stylistic innovations such as the Oasis Deck®. The Benetti B.Yond is recognized as the greenest model in its category, achieving significant reductions in CO2 and NOx emissions. The next frontier involves optimizing consumption and emissions generated by onboard systems, addressing the environmental impact of larger boats spending 90% of their time at anchor.
The group's commitment to green solutions extends beyond prototypes, culminating in the first-of-its-kind agreement for the use of HVO biofuel. Collaborating with Eni Live, the group aims to replace all fossil fuels used for sea trials, tests, and prototype transfers with HVO biodiesel, reducing CO2 emissions by up to 90%.
The strategic plan emphasizes the growth of services through Lusben and Yachtique. A €15 million investment will expand the Lusben shipyard in Livorno, accommodating yachts over 100 meters. Yachtique, the internal styling lounge, will also expand its facilities over the next three years.
Azimut's innovative approach extends to a nautical "Airbnb" proposal, allowing Azimut owners to offer their yachts for charter worldwide through a digital platform developed by Azimut.
The group's leadership role is inseparable from its commitment to supporting its 2,400 direct employees, representing a growth of +24% in the last three years. The Azimut|Benetti Group Corporate Academy takes a transversal and integrated approach to training, fostering professional growth and employment in the nautical sector. The internal nautical module engages employees in a cruising experience on the group's yachts, embodying the mission to build the most beautiful, reliable, technological, and innovative yachts.
Azimut|Benetti Group was founded in 1969 by Paolo Vitelli, who is still the main shareholder today and Giovanna Vitelli is the President. The Group’s Azimut Yachts and Benetti brands produce over 45 models of yachts and megayachts. With value of production of €1 billion in 2021/2022 and 1.2 billion in 2022/2023, over 2,000 employees, six shipyards and a network of 138 points of sale and service worldwide, Azimut|Benetti Group operates in the European, American, Middle Eastern and Asian markets.
Credits: Azimut Benetti Group
Columbus Yachts has started building its new 48-meter Crossover model at Palumbo Superyachts' Savona shipyard. The steel-hulled explorer with aluminum superstructures follows two previously sold Crossover units (42m and 47m), marking the shipyard's first self-financed project in this series.Designed by Hydro Tec, the vessel features an 8.6-meter beam and 2.75-meter draft, optimized for stability and long-range cruising. The exterior combines explorer-style proportions with a bulbous bow and streamlined stern for ocean-going capability. Key features include a multifunctional aft deck that can store a large tender or convert into a pool and lounge area.Accommodation includes six cabins for 12 guests, with the owner's suite on the upper deck and a VIP cabin on the main deck. The naval architecture was developed jointly by Hydro Tec and the shipyard's engineering team.No delivery date or price was disclosed. The Crossover series targets owners seeking a balance between expedition capability and contemporary yacht design.Founded in 2008 under Palumbo Superyachts, Columbus Yachts combines 50+ years of maritime expertise with modern yacht-building innovation. The brand gained recognition after launching its first 54m superyacht Prima in 2011 and later pioneering hybrid propulsion technology, earning RINA certification for its Sport Hybrid 40m.Specializing in semi-custom and full-custom builds (37m–120m), Columbus offers four lines: Atlantique, Crossover, Sport, and Classic. Its flagship 80m Dragon exemplifies its craftsmanship. As part of Palumbo Superyachts, the brand provides end-to-end owner support alongside sister yards ISA Yachts, Mondomarine, and Extra Yachts.Credits: Columbus Yachts
June 30, 2025
The 34th Monaco Yacht Show will take place from September 24-27, 2025, featuring approximately 560 exhibitors across Port Hercule. The event will display 120 superyachts, including 50 new builds from 2025, alongside 60 luxury tenders.Organizers have introduced a new sustainability program developed with the Water Revolution Foundation, highlighting exhibitors advancing environmental initiatives. The show's thematic zones include the Yacht Design & Innovation Hub for new concepts, the Adventure Area showcasing over 40 luxury vehicles and water toys, and the upper deck lounge for luxury goods and services."The exhibitor list helps future owners identify key contacts for custom builds, refits, or charters within an exclusive, innovation-focused environment," said Gaëlle Tallarida, Managing Director of the Monaco Yacht Show.The current exhibitor roster includes shipyards, designers, equipment manufacturers, and luxury service providers. The list remains subject to updates through summer 2025.Credits: MYS
June 30, 2025
The latest 80-meter Amels Limited Editions superyacht has arrived at Damen Yachting's Vlissingen shipyard in the Netherlands after construction at their Galatz facility in Romania. The vessel will now undergo full outfitting in preparation for delivery in 2027.Project Manager Danker Rijk stated: "After an impressive launch in our Galatz shipyard, we are delighted to welcome this Amels 80 to Vlissingen to commence the outfitting phase. This is an exciting milestone toward delivering another exceptional yacht on schedule."The 2,175 GT superyacht features exterior design by Espen Øino and interiors by Sinot Yacht Architecture & Design. With accommodations for 14 guests and 21 crew members, the vessel represents Damen Yachting's combination of custom features with proven yacht-building technology.The Amels 80 follows the Limited Editions series' approach of offering semi-custom superyachts with reduced build times compared to fully custom projects. No further details about the owner or specific custom features were disclosed.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
June 27, 2025
Flexjet and Ferretti Group have introduced Riva Volare, a custom aircraft cabin design inspired by Riva motoryachts. The collaboration brings nautical styling to Flexjet's Gulfstream G650 jets and Sikorsky S-76 helicopters, targeting ultra-high-net-worth travelers.The Gulfstream G650 configuration accommodates 12-15 passengers for flights up to 16 hours, while two Sikorsky S-76 helicopters will operate in Florida and a new Milan-based service covering Italy and the French Riviera. Ferretti Group clients will receive preferential access to the helicopter operations.The design blends elements from Riva's 1960s Aquarama with contemporary Aquariva models, using artisanal materials and distinctive patterns. The interiors were developed through collaboration between both companies' design teams.Kenn Ricci and Alberto Galassi"I have long admired the iconic style of Riva, and seeing this brought to life in our aircraft is nothing short of exceptional," said Flexjet Chairman Kenn Ricci. Ferretti Group CEO Alberto Galassi added: "Riva Volare is another splendid result of our collaboration with Flexjet, a brand with which we share the same passion for constantly raising quality standards."The design was unveiled June 26 at Milano Prime Linate Airport, with displays of the aircraft alongside a Riva Aquariva Special yacht. No pricing details were disclosed.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
June 27, 2025
Italian shipyard AB Yachts, part of Next Yacht Group, has unveiled the AB 110S, a sportier version of its AB 110 model. The 33.7-meter yacht marks AB Yachts' first collaboration with automotive design firm EXE Design, incorporating elements such as a raked windshield and lightweight profile."We also boast over 20 years of experience in naval architecture. [And] this cross-sector approach is the real added value of our work," said Stefano Bedoni of EXE Design.Key features include multiple retractable systems: a sliding cockpit cover, a sunroof between the helm and saloon, and a hardtop that can cover either the helm station or sunpad. The main deck integrates a sunbathing area and a bar serving both indoor and outdoor spaces. A forward "flying couch" provides elevated seating with panoramic views.Powered by three MAN V12X-2200 engines, the AB 110S reaches 48 knots. The engine room is fully soundproofed to minimize noise and vibrations. No pricing or delivery details were disclosed.Italian shipyard AB Yachts was founded in 1992. In 2001, AB Yachts was acquired by the Fipa Group. Today Next Yacht Group is the owner of the historic Maiora, AB Yachts, and CBI Navi brands. AB Yachts range consists of semi-displacement yachts from 17.70 to 42 meters.Credits: AB Yachts
June 26, 2025